2024-02-14T11:29:37-06:00 2023-06-30 261659234 CW ASSOCIATES CPAS 700 BISHOP STREET SUITE 1040 HONOLULU HI 96813 990 2022-07-01 990259945 ENCHANTED LAKE RESIDENTS ASSOCIATION ENCH 8082308821 PO BOX 1485 KAILUA HI 96734 FP GUSTAVSON TREASURER 8082308821 2024-02-13 1 FP GUSTAVSON 999009999 0 ALAN B RICHARDSON P00517766 8085311040 X 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z DON YOUNG PO BOX 1485 KAILUA HI 96734 65249 0 X HTTP://KAELEPULUPOND.ORG X 1987 HI TO MANAGE AND MAINTAIN COMMUNITY LAKE. 13 13 0 3 21203 18753 0 0 51921 44046 1059 21203 0 0 52980 65249 0 0 0 0 0 0 0 0 0 43737 60857 43737 60857 9243 4392 944485 949942 402472 402472 542013 547470 X THE ORGANIZATION MANAGES, SECURES, INSURES, AND MAINTAINS A PRIVATE COMMUNITY LAKE FOR THE RECREATIONAL AND ESTHETIC BENEFIT OF ITS MEMBERS. THE LAKE ALSO SERVES AS A KEY DRAINAGE AND FLOOD CONTROL ELEMENT FOR THE LARGER SURROUNDING COMMUNITY. 0 0 IN A PRIOR FISCAL YEAR THE ORGANIZATION, AS A PLANTIFF, SETTLED A SIGNIFICANT PROPERTY DAMAGE CLAIM FOR THIRD PARTY SILTATION AND POLLUTION OF ITS PRIVATE RECREATION LAKE. THE PROCEEDS ARE BEING USED TO MITIGATE THE DAMAGE. DURING A PRIOR FISCAL YEAR THE ORGANZATION TOOK DELIVERY OF CUSTOM BUILT EQUIPMENT TO REMOVE ALGAE, SEAWEED, AND OTHER POLLUTANTS FROM THE LAKE. IN ADDITION THE ORGANIZATION CONTINUED WITH THE PLANNING AND PERMITTING PHASE OF A PLANNED DREDGINNG OF THE LAKE.DURING THE CURRENT FISCAL YEAR THE ORGANIZATION CONTINUED EFFORTS TO LOCATE AN ECONOMICAL DISPOSAL SITE FOR DREDGE SPOILS FROM PLANNED DREDGING OF PRICNCIPAL SILTED AREAS OF THE LAKE. DURING THE CURRENT YEAR THE ORGANIZTION TOOK EXTRA STEPS TO MAINTAIN CONTACT WITH THE ELECTED COUNTY AND STATE REPRESENTATIVES FOR THE DISTRICTS IN WHICH THE LAKE IS LOCATED. THE PURPOSE WAS TO ELEVATE THE REPRESENTATIVES AWARENESS OF MATTERS ENDANGERING THE HEALTH AND CLEANLINESS OF THE LAKE AND THE SURROUNDING COMMUNITY AND INSURE THEIR ASSISTANCE POLICING POLUTANTS ENTERING THE LAKE AND DRAINAGE SYSTEM THROUGH STORM DRAINS AND CANALS. THE ORGANIZATION CONTINUED TO MANAGE, MAINTAIN, SECURE, AND INSURE ITS PRIVATE COMMUNITY LAKE FOR THE RECREATIONAL USE AND ESTHETIC BENEFITS OF ITS MEMBERS. THE TOTAL COST OF CASUALTY AND LIABILITY INSURANCE COVERAGE WAS $20,001. 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 4 0 0 1 1 0 0 0 0 0 0 0 0 0 X 13 13 1 0 0 0 1 1 1 1 1 0 0 1 0 0 0 0 0 0 X F P GUSTAVSON 8082308821 PO BOX 1485 KAILUA HI 96734 X DON YOUNG PRESIDENT 6.00 X X 0 0 0 GREG COLBERT 1ST VICE PRESIDENT 4.00 X X 0 0 0 CONNIE JEWELL SECRETARY 4.00 X X 0 0 0 FP GUSTAVSON TREASURER 4.00 X X 0 0 0 MARGARET NOVACK DIRECTOR 4.00 X 0 0 0 MIKE COMPTON DIRECTOR 4.00 X 0 0 0 LINDA JENKS DIRECTOR 4.00 X 0 0 0 DANNY MEDEIROS DIRECTOR 4.00 X 0 0 0 ALAN RICHARDSON DIRECTOR 4.00 X 0 0 0 FRAN TANNEN DIRECTOR 4.00 X 0 0 0 CINDY TURNER DIRECTOR 4.00 X 0 0 0 TODD JEWELL DIRECTOR 4.00 X 0 0 0 DUSTIN DAWSON DIRECTOR 0.00 X 0 0 0 0 0 0 0 0 0 0 0 LAKE MAINTENANCE ASSES 531310 44046 44046 44046 21203 21203 65249 44046 21203 0 3000 3437 1509 1389 612 12161 20001 ACCNTNG - INVEST INCOME 600 ANNUAL MEETING 6599 FEDERAL INCOME TAX 4318 LAKE CLEAN-UP EXPENSE 2731 4500 60857 24096 16419 831187 852389 -500 -500 4093 121616 44075 89702 77541 944485 949942 402472 402472 402472 402472 X 0 0 0 0 542013 547470 542013 547470 944485 949942 4392 1065 0 X 0 0 0 0 402472 402472 1 X 121616 44075 77541 77541 PART IV, LINE 2B: AS PART OF A SETTLEMENT AGREEMENT REGARDING A PROPERTY DAMAGE CLAIM, THE ORGANIZATION RECEIVED AN ALLOCATION OF AN AWARD MADE TO THE BENEFICIARIES OF A CLASS ACTION BY OWNERS OF PROPERTY ABUTTING ITS PRIVATE LAKE. THE ORGANIZATION MUST SPEND THESE FUNDS TO MITIGATE DAMAGES CAUSED TO THE LAKE BY THE THIRD PARTY DEFENDANT OF CLAIMS MADE BOTH BY THE CLASS AND THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 2 TWO DIRECTORS ARE MARRIED. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERS. TO BE A MEMBER THE INDIVIDUAL MUST BE CURRENT WITH THEIR ANNUAL LAKE MAINTANCE ASSESSMENTS, CURRENTLY $300 PER YEAR. MEMBERSHIP ALLOWS THE USE OF THE 80 ACRE PRIVATE RECREATIONAL LAKE OWNED BY THE ORGANIZATION AND THE RIGHT TO VOTE AT MEMBERSHIP MEETINGS. FORM 990, PART VI, SECTION A, LINE 7A THE GOVERNING BODY IS REFERRED TO AS THE BOARD OF DIRECTORS. THERE ARE 13 DIRECTORS WITH STAGGERED THREE YEAR TERMS. MEMBERS ELECT NEW DIRECTORS TO FILL EXPIRING OR VACANT POSITIONS AT THE ANNUAL MEMBERSHIP MEETING. MEMBERS MAY VOTE FOR DIRECTORS IN PERSON OR VIA PROXY AT THE ANNUAL MEETING ASSUMING A QUORUM IS PRESENT EITHER IN PERSON OR BY PROXY REPRESENTATION. FORM 990, PART VI, SECTION A, LINE 7B THE BYLAWS MAY BE AMENDED (A) BY THE BOARD OF DIRECTORS; (B) BY THE WRITTEN CONSENT OF A MAJORITY OF ASSESSED MEMBERS IN GOOD STANDING REPRESENTING A MAJORITY OF THE THEN-EXISTING ASSESSED LOTS; OR (C) AT ANY MEETING OF THE ASSOCIATION'S MEMBERSHIP AT WHICH A QUORUM IS PRESENT. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE ORGANIZATION'S FORM 990 IS PROVIDED ELECTRONICALLY TO ALL BOARD MEMBERS FOR COMMENT AND FOR APPROVAL OF A NON-PREPARING OFFICER BEFORE FILING. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS ARTICLES OF INCORPORATION, BYLAWS, RULES, AND MINUTES AVAILABLE ON ITS WEBSITE. ALL OTHER LEGALLY REQUIRED DOCUMENTS MUST BE REQUESTED IN WRITING.