2025-11-07T14:33:17-06:00 2024-12-31 261659234 CW ASSOCIATES CPAS 700 BISHOP STREET SUITE 1040 HONOLULU HI 96813 990 2024-01-01 933426743 AHU ILI AHUI 8088902505 64-1043 HIIAKA ST KAMUELA HI 96743 TAFFI WISE SECRETARY 8088902505 2025-11-07 1 1 RODNEY M HARANO P00389596 8085311040 2025-11-07 2024 2025-03-06 01:10:19Z MARY KATIE BENIONI 64-1043 HIIAKA ST KAMUELA HI 96743 36344 0 X N/A X 2023 HI TO PROVIDE SUPPORT SERVICES TO KANU O KA 'AINA LEARNING 'OHANA IN FURTHERANCE OF ITS MISSION, PRIMARILY THROUGH THE FACILITATION OF A NEW MARKETS TAX CREDIT TRANSACTION. 5 3 0 5 0 0 3634400 0 0 0 1211 36344 0 0 3635611 36344 0 32710 0 0 0 0 0 0 0 235 1467 235 34177 3635376 2167 3635585 3637543 209 0 3635376 3637543 TO PROVIDE SUPPORT SERVICES TO KANU O KA 'AINA LEARNING 'OHANA IN FURTHERANCE OF ITS MISSION TO ADMINISTER PROGRAMS FOR THE ADVANCEMENT OF THE EDUCATION AND CULTURE OF THE HAWAIIAN PEOPLE. 0 0 32710 32710 MAINTENANCE AND SERVICE OF THE NEW MARKETS TAX CREDIT TRANSACTION, ENSURING TIMELY PAYMENTS, REGULATORY COMPLIANCE, AND COORDINATION WITH THE COMMUNITY DEVELOPMENT ENTITY TO SUPPORT ONGOING REPORTING THROUGHOUT THE SEVEN-YEAR COMPLIANCE PERIOD. 32710 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 3 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 0 0 0 X MARY KATIE BENIONI 8088902505 64-1043 HIIAKA ST KAMUELA HI 96743 MARY KATIE BENIONI PRESIDENT 1.00 40.00 X X 0 149950 38289 GENNARO J ZARRO JR VICE PRESIDENT 1.00 X X 0 0 0 STEVEN A HIRAKAMI TREASURER 1.00 X X 0 0 0 TAFFI U WISE SECRETARY 1.00 8.00 X X 0 64896 41635 JOHN THATCHER DIRECTOR 1.00 X 0 0 0 0 214846 79924 0 0 0 0 0 36344 36344 36344 0 0 36344 32710 32710 53 53 1414 1414 34177 32710 1467 0 11 1942 3634400 3634400 1174 1201 3635585 3637543 209 209 0 X 3635376 3637543 3635376 3637543 3635585 3637543 2167 0 X 0 1 X 1 0 X X X 1 KANU O KA AINA LEARNING OHANA 990352665 7 1 32710 0 1 32710 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 X 1 1 PART IV, SECTION D, LINE 3: THE SUPPORTED ORGANIZATION MAINTAINED A VOICE IN THE ORGANIZATION'S INVESTMENT POLICIES AND THE USE OF ITS INCOME AND ASSETS THROUGHOUT THE TAX YEAR. REPRESENTATIVES OF THE SUPPORTED ORGANIZATION SERVE ON THE BOARD OF DIRECTORS AND PARTICIPATE IN DECISIONS REGARDING THE MANAGEMENT OF ASSETS, INVESTMENT STRATEGIES, AND THE APPLICATION OF FUNDS TO ENSURE ALIGNMENT WITH THE SUPPORTED ORGANIZATION'S CHARITABLE AND EDUCATIONAL PURPOSES. PART IV, SECTION E, LINE 2A: IN 2024, THE ORGANIZATION'S SOLE ACTIVITY WAS FACILITATING A NEW MARKETS TAX CREDIT (NMTC) TRANSACTION THAT DIRECTLY BENEFITED ITS SUPPORTED ORGANIZATION, KANU O KA 'AINA LEARNING 'OHANA. THE NMTC FINANCING PROVIDED FUNDING FOR PROGRAMS THAT ADVANCE KALO'S CHARITABLE MISSION. THROUGH SHARED BOARD REPRESENTATION AND ACTIVE COLLABORATION, THE ORGANIZATION REMAINED FULLY RESPONSIVE TO KALO'S NEEDS. BECAUSE THE NMTC TRANSACTION WAS ITS ONLY ACTIVITY AND WAS CONDUCTED SOLELY TO SUPPORT KALO'S EXEMPT PURPOSES, MANAGEMENT DETERMINED IT CONSTITUTED SUBSTANTIALLY ALL OF THE ORGANIZATION'S ACTIVITIES FOR THE YEAR. PART IV, SECTION E, LINE 2B: THE SUPPORTED ORGANIZATION, KANU O KA 'AINA LEARNING 'OHANA, WOULD NOT HAVE BEEN ABLE TO ENGAGE IN THE NMTC TRANSACTION WITHOUT THE SUPPORTING ORGANIZATION'S INVOLVEMENT. THE NMTC STRUCTURE REQUIRED A SEPARATE SUPPORTING ENTITY TO SERVE AS THE LEVERAGE LENDER THUS ENABLING KALO TO ACCESS BELOW-MARKET FINANCING AND SUBSTANTIAL FEDERAL TAX CREDIT EQUITY THAT WOULD NOT HAVE BEEN OTHERWISE AVAILABLE. ACCORDINGLY, THE SUPPORTING ORGANIZATION'S PARTICIPATION WAS ESSENTIAL TO CARRYING OUT THIS ACTIVITY, WHICH DIRECTLY FURTHERED KALO'S EDUCATIONAL AND CHARITABLE PURPOSES. 0 X 36344 0 36344 0 36344 34177 0 34177 0 34177 PART X, LINE 2: U.S. GAAP REQUIRES UNCERTAIN TAX POSITIONS TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS IF THEY ARE MORE LIKELY THAN NOT TO FAIL UPON REGULATORY EXAMINATION. MANAGEMENT HAS EVALUATED AHU ILI'S TAX POSITION AS OF DECEMBER 31, 2024 AND FOR THE YEAR THEN ENDED, AND DETERMINED THAT IT HAD NO UNCERTAIN TAX POSITIONS REQUIRED TO BE REPORTED IN ACCORDANCE WITH U.S. GAAP. AHU ILI IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS IN PROGRESS FOR ANY OPEN TAX PERIODS. 1 KANU O KA AINA LEARNING OHANA PO BOX 6511 KAMUELA HI 96743 990352665 501(C)(3) 32710 0 PROGRAM SUPPORT 1 0 PART I, LINE 2: ORGANIZATION REVIEWS THE FINANCIAL REPORTS OF RELATED GRANTEE ORGANIZATIONS TO CONFIRM THAT GRANT FUNDS ARE USED IN THE UNITED STATES AND FOR ACTIVITIES CONSISTENT WITH AHU ILI'S EXEMPT PURPOSE. 0 0 0 0 0 0 0 0 0 MARY KATIE BENIONI PRESIDENT 0 149950 0 0 0 0 0 25769 0 12520 0 188239 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S FORM 990 IS PREPARED ANNUALLY BY AN INDEPENDENT AUDITOR. A DRAFT COPY OF THE RETURN IS PROVIDED TO THE FULL BOARD OF DIRECTORS FOR REVIEW PRIOR TO FILING. THE PRESIDENT OR TREASURER REVIEWS THE FORM 990 WITH THE BOARD, AND ANY CORRECTIONS OR REVISIONS IDENTIFIED DURING THIS REVIEW ARE INCORPORATED INTO THE FINAL VERSION. ONCE ALL NECESSARY CHANGES HAVE BEEN MADE AND THE BOARD HAS AGREED ON THE COMPLETED RETURN, THE BOARD TREASURER OR SECRETARY SIGNS AND DATES THE FORM 990 FOR SUBMISSION BY THE REQUIRED FILING DEADLINE. A FINAL, APPROVED COPY OF THE FORM 990 IS DISTRIBUTED TO ALL OFFICERS AND DIRECTORS PRIOR TO ITS SUBMISSION TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION'S CONFLICT OF INTEREST POLICY APPLIES TO ALL DIRECTORS, OFFICERS, AND BOARD-COMMITTEE MEMBERS. EACH PERSON ANNUALLY REVIEWS AND SIGNS A DISCLOSURE FORM. POTENTIAL CONFLICTS ARE DISCLOSED TO THE BOARD OF DIRECTORS, WHICH DETERMINES WHETHER A CONFLICT EXISTS AND WHETHER THE PROPOSED TRANSACTION IS FAIR AND IN THE ORGANIZATION'S BEST INTEREST. INDIVIDUALS WITH A CONFLICT MAY PRESENT INFORMATION BUT MUST ABSTAIN FROM DISCUSSION AND VOTING. ALL DISCLOSURES, RECUSALS, AND DETERMINATIONS ARE RECORDED IN THE MINUTES, AND COMPLIANCE IS MONITORED THROUGH ANNUAL REVIEWS AND BOARD OVERSIGHT. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. KANU O KA AINA LEARNING OHANA PO BOX 6511 KAMUELA HI 96743 990352665 DEVELOP AND IMPROVE EDUCATIONAL PROGRAMS SERVING THE HAWAIIAN COMMUNITY HI 501(C)(3) LINE 7 N/A 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 KANU O KA AINA LEARNING OHANA C 32710 CASH