Nonprofit · EIN 99-0229787
OAHU ECONOMIC DEVELOPMENT BOARD
Tax-exempt · HONOLULU, HI 96813
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,266,907 | $775,909 | $490,998 | $1,780,237 | $20,409 | $1,759,828 |
| December 31, 2023 | 990 | $1,049,344 | $842,218 | $207,126 | $1,283,565 | $14,736 | $1,268,829 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $86,540
- Program service revenue
- $1,174,904
- Investment income
- $5,463
- Net gain from sales of assets
- $240
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $228,415
- Other salaries and wages
- $251,309
- Salaries, compensation and benefits (total)
- $584,293
- Professional fundraising fees
- $0
- Accounting fees
- $43,767
- Occupancy
- $54,434
- Travel
- $533
- Program services (functional)
- $236,410
- Management and general (functional)
- $539,499
Balance sheet and other
- Total assets, start of year
- $1,283,565
- Total assets, end of year
- $1,780,237
- Total liabilities, end of year
- $20,409
- Net assets, end of year
- $1,759,828
- Net assets without donor restrictions
- $1,742,828
- Net assets with donor restrictions
- $17,000
- Gross receipts
- $1,266,907
- Employees
- 4
- Volunteers
- 0
- Year formed
- 1984
- State of legal domicile
- HI
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CATHERINE COLON | PRESIDENT & CEO Officer | 60 | $205,000 | $23,415 |
| ALAN ARIZUMI | EX-OFFICIO DIRECTOR Trustee or director | 2 | $0 | $0 |
| CATHERINE NGO | EX-OFFICIO DIRECTOR Trustee or director | 2 | $0 | $0 |
| COLBERT MATSUMOTO | EX-OFFICIO DIRECTOR Trustee or director | 2 | $0 | $0 |
| DAVID TUMILOWICZ | SECRETARY & DIRECTOR Trustee or director, Officer | 2 | $0 | $0 |
| JAN SULLIVAN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JEFFREY H OVERTON | CHAIRMAN & DIRECTOR Trustee or director, Officer | 2 | $0 | $0 |
| JEFFREY KD AU | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JOSEPH VIOLA | DIRECTOR Trustee or director | 2 | $0 | $0 |
| KEITH YOSHIDA | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MURRAY CLAY | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MYRON THOMPSON | DIRECTOR Trustee or director | 2 | $0 | $0 |
| NELSON KM LAU | TREASURER/DIRECTOR Trustee or director, Officer | 2 | $0 | $0 |
| PATRICK SULLIVAN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ROBIN CAMPANIANO | DIRECTOR Trustee or director | 2 | $0 | $0 |
14 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TIMOTHY JOHNS | DIRECTOR Trustee or director | 2 | $0 |
| TYLER TOKIOKA | VICE CHAIR & DIRECTOR Trustee or director, Officer | 2 | $0 |
| VASSILIS SYRMOS | DIRECTOR Trustee or director | 2 | $0 |
| MAHINA PAISHON-DUARTE | DIRECTOR Trustee or director | 2 | $0 |
| ROB LEE | DIRECTOR Trustee or director | 2 | $0 |
| MICHAEL J O'MALLEY | DIRECTOR Trustee or director | 2 | $0 |
| SARAH GUAY | DIRECTOR Trustee or director | 2 | $0 |
| TAYLOR QUANAN | DIRECTOR Trustee or director | 2 | $0 |
| RYDEN IWAMOTO | DIRECTOR Trustee or director | 2 | $0 |
| VIRGIL PACKETT II | DIRECTOR Trustee or director | 2 | $0 |
| LISA MARUYAMA | DIRECTOR Trustee or director | 2 | $0 |
| SHERI-ANN LAU CLARK | DIRECTOR Trustee or director | 2 | $0 |
| PAUL ITO | DIRECTOR Trustee or director | 2 | $0 |
| DEAN UYEDA | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 29 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CATHERINE COLON | PRESIDENT & CEO Officer | 60 | $190,128 | $21,090 |
| ALAN ARIZUMI | EX-OFFICIO DIRECTOR Trustee or director | 2 | $0 | $0 |
| CATHERINE NGO | EX-OFFICIO DIRECTOR Trustee or director | 2 | $0 | $0 |
| COLBERT MATSUMOTO | EX-OFFICIO DIRECTOR Trustee or director | 2 | $0 | $0 |
| DAVID TUMILOWICZ | SECRETARY & DIRECTOR Trustee or director, Officer | 2 | $0 | $0 |
| JAN SULLIVAN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JEFFREY H OVERTON | CHAIRMAN & DIRECTOR Trustee or director, Officer | 2 | $0 | $0 |
| JEFFREY KD AU | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JOSEPH VIOLA | DIRECTOR Trustee or director | 2 | $0 | $0 |
| KEITH YOSHIDA | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MURRAY CLAY | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MYRON THOMPSON | DIRECTOR Trustee or director | 2 | $0 | $0 |
| NELSON KM LAU | TREASURER/DIRECTOR Trustee or director, Officer | 2 | $0 | $0 |
| PATRICK SULLIVAN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ROBIN CAMPANIANO | DIRECTOR Trustee or director | 2 | $0 | $0 |
| TIMOTHY JOHNS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| TYLER TOKIOKA | VICE CHAIR & DIRECTOR Trustee or director, Officer | 2 | $0 | $0 |
| VASSILIS SYRMOS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MAHINA PAISHON-DUARTE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| NEILL CHAR | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ROB LEE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MICHAEL J O'MALLEY | DIRECTOR Trustee or director | 2 | $0 | $0 |
| SARAH GUAY | DIRECTOR Trustee or director | 2 | $0 | $0 |
| TAYLOR QUANAN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| RYDEN IWAMOTO | DIRECTOR Trustee or director | 2 | $0 | $0 |
| VIRGIL PACKETT II | DIRECTOR Trustee or director | 2 | $0 | $0 |
| LISA MARUYAMA | DIRECTOR Trustee or director | 2 | $0 | $0 |
| SHERI-ANN LAU CLARK | DIRECTOR Trustee or director | 2 | $0 | $0 |
| PAUL ITO | DIRECTOR Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 735 BISHOP ST STE 424, HONOLULU, HI 96813-4820
- Principal officer (990 for 2024)
- CATHERINE AWAKUNI COLON, 735 BISHOP STREET 424, HONOLULU, HI 96813
- Signed the 990
- CATHERINE AWAKUNI COLON, PRESIDENT & CEO
- Phone
- (808) 521-3611
- Website
- WWW.OEDB.BIZ
- Return prepared by
- KMH LLP
Mission
OAHU ECONOMIC DEVELOPMENT BOARD (OEDB) IS A NON-PROFIT, FUNDED PRIMARILY BY THE PRIVATE SECTOR. THE ORGANIZATION'S EFFORTS SUPPORT A DIVERSIFIED ECONOMY ON O'AHU BY BEING A LEADING AGENT IN THE GROWTH, RETENTION AND RECRUITMENT OF BUSINESSES THAT OFFER QUALITY JOBS IN HAWAII. OEDB IS ALSO ACTIVELY INVOLVED IN INFRASTRUCTURE, PLANNING AND WORKFORCE DEVELOPMENT TO BUILD THE FOUNDATION FOR A GLOBALLY COMPETITIVE, PROSPEROUS ECONOMY.
Program accomplishments
- HAWAI'I GREEN GROWTH IS COMMITTED TO BUILDING A MORE RESILIENT AND SUSTAINABLE FUTURE FOR HAWAI'I. HAWAI'I GREEN GROWTH SERVES AS THE BACKBONE ORGANIZATION FOR THE ALOHA+ CHALLENGE, AND COORDINATES A BROAD STAKEHOLDER BASE TO IDENTIFY AREAS FOR STATEWIDE ACTION ON HAWAI'I'S 2030 SUSTAINABILITY GOALS. THE PARTNERSHIP HONORS A COLLABORATIVE AND INTEGRATED APPROACH TO ACHIEVE ENVIRONMENTAL, SOCIAL, AND ECONOMIC PROSPERITY FOR FUTURE GENERATIONS. HAWAIIAN CULTURE AND VALUES ARE THE BEDROCK OF THE ALOHA+ CHALLENGE AND HAWAI'I GREEN GROWTH, PROVIDING A TRUST-BASED FRAMEWORK TO PROMOTE SYSTEM-LEVEL CHANGE ACROSS HAWAI'I.Expenses $2,068
- THE MISSION OF THE BUSINESS DEVELOPMENT PROGRAM IS TO ACHIEVE HEALTHY & PROSPEROUS ECONOMIC SECTORS FOCUSING ON HAWAII'S NEEDS AND BUILDING UPON OUR UNIQUE ASSETS. THIS INITIATIVE INCLUDED LEADERSHIP ENGAGEMENT AND DEVELOPMENT, TRUST BUILDING, COMMUNITY BUILDING AND DEVELOPMENT FOR CAPACITY BUILDING TO INCREASE JOBS AND WAGES INTO THE FUTURE. THE TARGETED SECTORS AND PROGRAMS INCLUDED, COMPREHENSIVE ECONOMIC DEVELOPMENT STRATEGY - CONTRACTED ASSISTANCE WITH BUSINESSES, OFFICE OF PLANNING, STATE DEPARTMENT OF BUSINESS, FISCAL AGENT FOR HAWAII GREEN GROWTH AND HAWAII COMMUNITY BENEFITS CONSULTANTS.$10,000 OF REVENUE WAS RECEIVED FOR THE PROFESSIONAL MENTORING AND ADVISING FOR THE CENTER FOR DIVERSE LEADERSHIP IN SCIENCE. ALSO, COORDINATION AND ORGANIZING OF THE BOARD OF DIRECTORS FOR CDLS AS INTERIM BOARD CHAIR 2024. FOR OEDB, DEVELOPMENT OF EXAMPLES OF EXPORTING KNOWLEDGE AND INNOVATION EXPERTISE AND IMPORTING MONIES TO HAWAII.Expenses $163,118 · revenue $6,648
- THE NEW MARKETS TAX CREDITS ("NMTC") PROGRAM PROVIDES A TAX INCENTIVE FOR PRIVATE SECTOR INVESTMENT INTO ECONOMIC DEVELOPMENT PROJECTS AND BUSINESSES LOCATED IN LOW-INCOME COMMUNITIES. THIS PROGRAM IS OVERSEEN BY U.S. DEPARTMENT OF THE TREASURY AND DIRECTLY ADMINISTERED BY THE COMMUNITY DEVELOPMENT FINANCIALS INSTITUTIONS ("CDFI") FUND. NMTCS ARE ALLOCATED BY THE CDFI FUND TO COMMUNITY DEVELOPMENT ENTITIES ("CDES"). CDES OFFER NMTCS TO INVESTORS IN EXCHANGE FOR QUALIFIED EQUITY INVESTMENTS FOR THE PURPOSE OF MAKING LOANS TO QUALIFIED ACTIVE LOW-INCOME BUSINESSES.Expenses $36,932 · revenue $1,163,401
- OTHER PROGRAM SERVICE ACCOMPLISHMENTS INCLUDE PROVIDING SUPPORT TO THE CITY & COUNTY OF HONOLULU, THE COMPREHENSIVE ECONOMIC DEVELOPMENT STRATEGY (CEDS), FISCAL AGENT FOR HAWAII GREEN GROWTH AND HAWAII COMMUNITY BENEIFTS CONSULTANTSExpenses $34,292 · revenue $4,855
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 99-0229787
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1984
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S31)
- Assets (IRS master file)
- $1,780,237
- Income (IRS master file)
- $1,266,907
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,266,907 | $775,909 | $1,780,237 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $1,049,344 | $842,218 | $1,283,565 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $1,127,662 | $1,218,551 | $1,091,719 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 99-0229787).
Questions about OAHU ECONOMIC DEVELOPMENT BOARD
- What is the EIN of OAHU ECONOMIC DEVELOPMENT BOARD?
- The employer identification number (EIN) of OAHU ECONOMIC DEVELOPMENT BOARD is 99-0229787.
- Is OAHU ECONOMIC DEVELOPMENT BOARD tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1984.
- Are donations to OAHU ECONOMIC DEVELOPMENT BOARD tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does OAHU ECONOMIC DEVELOPMENT BOARD file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of OAHU ECONOMIC DEVELOPMENT BOARD due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did OAHU ECONOMIC DEVELOPMENT BOARD last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of OAHU ECONOMIC DEVELOPMENT BOARD?
- The 990 for the year ended December 31, 2024 names CATHERINE AWAKUNI COLON.
- Who are the officers and directors of OAHU ECONOMIC DEVELOPMENT BOARD?
- The 990 for the year ended December 31, 2024 lists 29 people; 1 received compensation from the organization, the highest $205,000 (CATHERINE COLON, PRESIDENT & CEO).
- How much revenue does OAHU ECONOMIC DEVELOPMENT BOARD have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,266,907, expenses of $775,909 and total assets of $1,780,237 at year end.
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