2026-03-11T16:07:37-05:00 2025-12-31 261659234 CW ASSOCIATES CPAS 700 BISHOP STREET SUITE 1040 HONOLULU HI 96813 990 2025-01-01 263857266 KUNIA WATER ASSOCIATION INC KUNI 8083067769 PO BOX 700489 KAPOLEI HI 967090489 STEPHANIE ANN WHALEN CHAIRPERSON/PRESIDENT/DIRECTOR 8083067769 2026-03-11 1 RODNEY M HARANO P00389596 8085311040 2026-03-05 2025 2025-03-06 01:10:19Z STEPHANIE ANN WHALEN PO BOX 700489 KAPOLEI HI 967090489 1261805 0 X N/A X 2008 HI TO OPERATE, MAINTAIN, REPAIR, REPLACE, AND ADMINISTER THE WATER SOURCES, WATER EASEMENTS, AND WATER DELIVERY SYSTEM USED TO DELIVER WATER FOR ITS MEMBERS LOCATED IN KUNIA VILLAGE AND THE SURROUNDING KUNIA AGRICULTURAL LANDS ON THE ISLAND OF OAHU IN THE STATE OF HAWAII. 5 5 0 5 0 0 0 0 1441479 1261805 0 0 0 0 1441479 1261805 0 0 0 0 0 0 0 0 0 1311174 1218149 1311174 1218149 130305 43656 1173340 1218828 108904 110736 1064436 1108092 TO OPERATE, MAINTAIN, REPAIR, REPLACE, AND ADMINISTER THE WATER SOURCES, WATER EASEMENTS, AND WATER DELIVERY SYSTEM USED TO DELIVER WATER FOR ITS MEMBERS LOCATED IN KUNIA VILLAGE AND THE SURROUNDING KUNIA AGRICULTURAL LANDS ON THE ISLAND OF OAHU IN THE STATE OF HAWAII. 0 0 FIXED COST FUND - THIS FUND IS USED TO ACCOUNT FOR ASSESSMENTS FOR THE PORTION OF OPERATING COSTS IDENTIFIED AS "FIXED OPERATING COSTS", AS DEFINED IN THE DECLARATION, THAT DO NOT FLUCTUATE DEPENDING UPON THE AMOUNT OF WATER DELIVERED. FIXED OPERATING COST ASSESSMENTS ARE ALSO ASSESSED BASED ON THE WATER ALLOCATION PERCENTAGE, AS DEFINED IN THE DECLARATION, SUCH AS INSURANCE, CONTRACTOR TO MAINTAIN THE SYSTEM, AUDIT FEES, ETC. VARIABLE COST FUND - THIS FUND IS USED TO ACCOUNT FOR ASSESSMENTS AND THE PORTION OF OPERATING COSTS IDENTIFIED AS "VARIABLE OPERATING COSTS", AS DEFINED IN THE DECLARATION, THAT FLUCTUATE DEPENDING UPON THE AMOUNT OF WATER DELIVERED. VARIABLE OPERATING COST ASSESSMENTS ARE CHARGED TO EACH MEMBER BASED ON THE ACTUAL METERED AMOUNT OF WATER DELIVERED TO THE MEMBER'S DELIVERY POINT, SUCH AS ELECTRIC COSTS TO RUN THE PUMPS TO DELIVER WATER TO THE MEMBERS. APPROXIMATELY 380 MILLION GALLONS OF WATER WAS DELIVERED. CAPITAL RESERVE FUND - THIS FUND IS USED TO ACCOUNT FOR ASSESSMENTS FOR "CAPITAL RECOVERY COSTS" INCURRED TO KEEP THE WATER SOURCES, WATER EASEMENTS, AND THE WATER DELIVERY SYSTEM IN GOOD AND WORKING ORDER. SUCH COSTS INCLUDE CAPITAL EXPENDITURES MADE BY THE ASSOCIATION TO CONSTRUCT, REPLACE, UPGRADE, OR RETROFIT, THE COMMON METERING DEVICES, PUMPS, TRANSMISSION LINES, RESERVOIRS, APPURTENANTS, AND OTHER IMPROVEMENTS AND FACILITIES FOR THE PRODUCTION AND/OR DELIVERY OF WATER FROM THE WATER SOURCES TO THE DELIVERY POINTS. CAPITAL RECOVERY COST ASSESSMENTS ARE ASSESSED BASED ON THE WATER ALLOCATION PERCENTAGE, AS DEFINED IN THE DECLARATION. THIS FUND IS ALSO USED TO ACCUMULATE CAPITAL FUNDS FOR FUTURE REASONABLY ANTICIPATED CAPITAL EXPENDITURES. 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 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 1 2 0 1 0 0 0 0 0 0 0 0 0 0 1261805 0 0 0 0 X 5 5 0 1 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X AG MANAGEMENT LTD 8083067769 92-6931 PULIKO ST KAPOLEI HI 96707 X STEPHANIE ANN WHALEN CHAIRPERSON/PRESIDENT & DIRECTOR 1.00 X X 0 0 0 LYLE ROE TREASURER & DIRECTOR 1.00 X X 0 0 0 ANDREW NYERGES SECRETARY & DIRECTOR 1.00 X X 0 0 0 IRIS KIRKPILGER DIRECTOR 1.00 X 0 0 0 MELISSA BURCHETTE DIRECTOR 1.00 X 0 0 0 0 0 0 0 0 0 0 SECOND CITY PROPERTY MANAGEMENT INC PO BOX 700489 KAPOLEI HI 96709 WATER SYSTEM OPERATIONS 348946 AG MANAGEMENT LTD 92-6931 PULIKO STREET KAPOLEI HI 96707 BUSINESS MANAGEMENT 150531 2 VARIABLE COST FUND ACT 561700 681184 681184 FIXED COST FUND ACTIVI 561700 493813 493813 CAPITAL RESERVE FUND A 561700 86808 86808 1261805 1261805 1261805 0 0 X 10942 414619 9648 ELECTRIC WELLS 644068 REPAIRS 46788 CAPITAL PROJECTS 44250 SOURCED WATER 37116 10718 1218149 11895 7867 1045855 1116351 97031 74693 18559 19917 1173340 1218828 90345 90819 18559 19917 108904 110736 X 1064436 1108092 1064436 1108092 1173340 1218828 43656 0 X 0 1 X 1 0 0 DUE TO OTHER FUNDS 19917 19917 X 1261805 0 1261805 0 1261805 1218149 0 1218149 0 1218149 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 THE TAX POSITIONS OF THE ASSOCIATION AS OF AND FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024 AND DETERMINED THAT IT HAD NO UNCERTAIN TAX POSITIONS REQUIRED TO BE REPORTED IN ACCORDANCE WITH U.S. GAAP. THE ASSOCIATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS IN PROGRESS FOR ANY OPEN TAX PERIODS. FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION CONTRACTS CONTROL OVER MANAGEMENT DUTIES TO SECOND CITY PROPERTY MANAGEMENT, INC. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE ORGANIZATION HAS MEMBERS WHO ELECT OFFICERS AND DIRECTORS OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION EMAILS A DRAFT OF THE 990 TO THE BOARD MEMBERS. THE BOARD MEMBERS ARE GIVEN 10 DAYS TO RESPOND WITH THEIR CONCERNS. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY EACH DIRECTOR, OFFICER, EMPLOYEE AND VOLUNTEER SHALL COMPLETE A DISCLOSURE FORM IDENTIYING ANY RELATIONSHIPS, POSITIONS OR CIRCUMSTANCES IN WHICH S/HE IS INVOLVED THAT HE OR SHE BELIEVES COULD CONTRIBUTE TO A CONFLICT OF INTEREST. 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. FORM 990, PART IX, LINE 11G CONTRACTOR FEE - FIXED COST FUND 414,619.