2024-11-16T01:20:22-05:00 2023-12-31 300999399 CLIFFORD ISARA CPA LLC 1150 S KING ST STE 605 HONOLULU HI 96814 990 2023-01-01 990231581 KAUAI ECONOMIC DEVELOPMENT BOARD KAUA 8082456692 PO BOX 3921 LIHUE HI 96766 JACLYN K KAINA EXECUTIVE DIRECTOR 8082456692 2024-11-15 true CLIFFORD K ISARA P01256282 8085971337 2024-11-15 2023 2024-10-15 13:58:12Z JACLYN K KAINA 2134322 false X WWW.KEDB.COM X 1984 HI TO DEVELOP INNOVATIVE, EFFECTIVE PARTNERSHIPS WITH PUBLIC, PRIVATE, NON- PROFIT, AND OTHER COMMUNITY SECTORS TO ACCOMPLISH SHARED GOALS FOR A STRONG ECONOMY. 9 9 5 9 0 959979 1717230 111103 84 11 434 -40723 960497 1787621 0 0 145027 293726 0 0 801988 1395767 947015 1689493 13482 98128 1465906 1637950 65513 106686 1400393 1531264 TO DEVELOP INNOVATIVE, EFFECTIVE PARTNERSHIPS WITH PUBLIC, PRIVATE, NON- PROFIT, AND OTHER COMMUNITY SECTORS TO ACCOMPLISH SHARED GOALS FOR A STRONG ECONOMY. false false 1301600 111103 MISCELLANEOUS GOVERNMENT GRANTS AWARDED FOR THE DESIGN AND PERFORMANCE OF PROGRAMS AND PROJECTS THAT ENCOURAGE EDUCATION AND WORKFORCE DEVELOPMENT AND STIMULATE ECONOMIC DEVELOPMENT ON KAUAI. 1301600 true true false false false false false false false false true false false false true true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 21 0 true 5 true false false false false false false false false X 9 9 false false false false true true false true true false false true true true true true true true true false HI X THE ORGANIZATION 8082456692 PO BOX 3921 LIHUE HI 96766 X LAURIE YOSHIDA CHAIRMAN 8.00 X X 0 0 0 FRED COWELL DIRECTOR/VIC 6.00 X X 0 0 0 LELAND KAHAWAI DIRECTOR/TRE 6.00 X X 0 0 0 PATRICK ONO DIRECTOR/SEC 6.00 X X 0 0 0 JASON BRYANT AT-LARGE DIR 2.00 X X 0 0 0 SUE KANOHO DIRECTOR 2.00 X 0 0 0 SAM PRATT DIRECTOR 2.00 X 0 0 0 JONATHAN CHUN AT-LARGE DIR 2.00 X 0 0 0 ANN SOKEI DIRECTOR 2.00 X 0 0 0 false false false 65500 236180 1415550 1717230 PROGRAM SERVICE FEES 111103 111103 111103 11 11 303464 346701 -43237 -43237 -43237 MISCELLANEOUS 2514 2514 2514 1787621 113617 -43226 83011 83011 145765 83156 62609 4200 4200 41265 26595 14670 19485 7350 12135 209 209 59432 59432 8941 840 8101 46671 3341 43330 326172 280242 45930 814 814 26741 9102 17639 108014 107598 416 18978 16089 2889 PROGRAM GRANTS & EXPENSES 1099492 1099256 236 GENERAL EXCISE TAX 13017 12787 230 SUPPLIES 12860 804 12056 OTHER GENERAL OPERATIONS 12804 759 12045 -338378 -346528 8150 1689493 1301600 387893 0 258333 500460 110185 56458 46409 131695 41165 44531 3075682 2172970 1007720 902712 2094 2094 1465906 1637950 47517 82099 2723 9314 15273 15273 65513 106686 X 1046794 1082634 353599 448630 1400393 1531264 1465906 1637950 98128 32743 X false false X 367797 2424458 428999 959979 1717230 5898463 367797 2424458 428999 959979 1717230 5898463 5898463 237741 178403 171067 311322 303475 1202008 9030 1039 2509 500 13078 7113549 113617 0.82920 0.80060 X PART II, LINE 10 13,078 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 11893 11893 3063789 2172970 890819 902712 LEASE DEPOSITS - TENANTS 15273 15273 X SCHEDULE D, PAGE 3, PART X THE BOARD ADOPTED THE PROVISIONS OF FASB ACCOUNTING STANDARDS CODIFICATION (ASC) 740-10-25, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. UNDER ASC 740-10-25, AN ORGANIZATION MUST RECOGNIZE THE TAX EFFECT OF INCOME TAX POISITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. THE BOARD DOES NOT BELIEVE THAT THERE ARE ANY MATERIAL UNCERTAIN TAX POSITIONS. WITH FEW EXCEPTIONS, THE BOARD IS NO LONGER SUBJECT TO EXAMINATIONS BY TAX AUTHORITIES FOR THE YEARS ENDED DECEMBER 31, 2009 AND PRIOR. FORM 990, PAGE 6, PART VI, LINE 6 KEDB CONSISTS OF DIRECTING MEMBERS, SUSTAINING MEMBERS, AND CONTRIBUTING MEMBERS, DEPENDING ON AMOUNT OF DUES PAID FOR MEMBERSHIP. FORM 990, PAGE 6, PART VI, LINE 7A EACH NEW MEMBER IS SUBJECT TO BOARD APPROVAL WITH THE BOARD MADE UP OF THE DIRECTING MEMBERS, THE SUSTAINING MEMBER DIRECTORS AND THE AT-LARGE DIRECTORS. THE OFFICERS OF THE CORPORATION ARE ELECTED BY THE BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 11B THE PRESIDENT AND THE ENTIRE FINANCE COMMITTEE REVIEWS THE FORM 990 AND MAKES A RECOMMENDATION TO THE EXECUTIVE COMMITTEE FOR APPROVAL BEFORE SUBMISSION TO THE IRS. FORM 990, PAGE 6, PART VI, LINE 12C THE POLICY IS REVIEWED AND SIGNED ANNUALLY BY THE OFFICERS, DIRECTORS AND KEY EMPLOYEES OF THE ORGANIZATION. FORM 990, PAGE 6, PART VI, LINE 15A THE CHAIR CONVENES A COMPENSATION COMMITTEE AT THE END OF THE CALENDAR YEAR, MADE UP OF THE CHAIR, VICE CHAIR AND THE FINANCE COMMITTEE CHAIR, WHO REVIEW THE ANNUAL JOB PERFORMANCE (PREPARED BY THE CHAIR) OF THE PRESIDENT AND CEO. THE COMMITTEE DETERMINES A REASONABLE AMOUNT OF PAY INCREASE AND/OR BONUS, IF JUSTIFIED. THE JOB PERFORMANCE REVIEW BECOMES PART OF THE PERSONNEL FILE FOR THIS EMPLOYEE. THE SAME COMMITTEE WOULD MEET TO REVIEW APPLICATIONS FOR THE JOB OF PRESIDENT AND CEO IF NECESSARY, USING COMPARABLE DATA FROM OTHER ECONOMIC DEVELOPMENT BOARDS AND THE FINANCIAL SITUATION OF KEDB TO DETERMINE COMPENSATION. FORM 990, PAGE 6, PART VI, LINE 15B THE CHAIR CONVENES A COMPENSATION COMMITTEE AT THE END OF THE CALENDAR YEAR, MADE UP OF THE CHAIR, VICE CHAIR AND THE FINANCE COMMITTEE CHAIR, WHO REVIEW THE ANNUAL JOB PERFORMANCE (PREPARED BY THE CHAIR) OF THE PRESIDENT AND CEO. THE COMMITTEE DETERMINES A REASONABLE AMOUNT OF PAY INCREASE AND/OR BONUS, IF JUSTIFIED. THE JOB PERFORMANCE REVIEW BECOMES PART OF THE PERSONNEL FILE FOR THIS EMPLOYEE. THE SAME COMMITTEE WOULD MEET TO REVIEW APPLICATIONS FOR THE JOB OF PRESIDENT AND CEO IF NECESSARY, USING COMPARABLE DATA FROM OTHER ECONOMIC DEVELOPMENT BOARDS AND THE FINANCIAL SITUATION OF KEDB TO DETERMINE COMPENSATION. FORM 990, PAGE 6, PART VI, LINE 19 UPON REQUEST, THE ADMINISTRATIVE ASSISTANT MAKES THE GOVERNING DOCUMENTS CONFLICT OF INTEREST POLICY, AND AUDITED FINANCIAL STATEMENTS AVAILABLE FOR REVIEW IN THE OFFICE.