2023-11-16T01:45:33-06:00 2022-12-31 300999399 CLIFFORD ISARA CPA LLC 1150 SOUTH KING ST STE 605 HONOLULU HI 96814 990 2022-01-01 990231581 KAUAI ECONOMIC DEVELOPMENT BOARD KAUA 8082456692 PO BOX 3921 LIHUE HI 96766 JACLYN KAINA EXECUTIVE DIRECTOR 8082456692 2023-11-15 1 JACLYN KAINA 999009999 0 CLIFFORD K ISARA CPA P01256282 8085971337 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JACLYN KAINA PO BOX 3921 LIHUE HI 96766 1271801 0 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 3 9 0 0 428999 959979 47580 0 72 84 -207269 434 269382 960497 0 0 0 0 106736 145027 0 0 0 642219 801988 748955 947015 -479573 13482 1422710 1465906 44485 65513 1378225 1400393 TO DEVELOP INNOVATIVE, EFFECTIVE PARTNERSHIPS WITH PUBLIC, PRIVATE, NON-PROFIT, AND OTHER COMMUNITY SECTORS TO ACCOMPLISH SHARED GOALS FOR A STRONG ECONOMY. 0 0 737806 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. 737806 1 1 0 0 0 0 0 0 0 0 1 0 0 0 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 0 0 0 0 1 21 0 1 3 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 HI X CLIFFORD ISARA CPA LLC 8082456692 1150 S KING ST STE 605 HONOLULU HI 96814 X LAURIE YOSHIDA DIRECTOR AT LARGE/CHAIR 8.00 X X 0 0 0 FRED COWELL DIRECTOR/VICE CHAIR 6.00 X X 0 0 0 LELAND KAHAWAI DIRECTOR/TREASURER 6.00 X X 0 0 0 PATRICK ONO DIRECTOR/SECRETARY 6.00 X X 0 0 0 JASON BRYANT DIRECTOR AT LARGE/SCIENCE AND TECH CHAIR 2.00 X X 0 0 0 SUE KANOHO DIRECTOR/MEMBERSHIP CHAIR 2.00 X 0 0 0 SAM PRATT DIRECTOR/PROPERTY CHAIR 2.00 X 0 0 0 JONATHAN CHUN DIRECTOR 2.00 X 0 0 0 ANN SOKEI DIRECTOR/EDUCATION COMMITT 2.00 X 0 0 0 0 0 0 0 0 0 0 0 64750 891700 3529 959979 84 84 311238 311304 -66 -66 -66 MISCELLANEOUS 900099 500 500 500 960497 434 0 84 119940 76633 43307 2275 2275 13234 13234 9578 5900 3678 40451 40451 392 392 88262 51617 36645 256097 221497 34600 85 85 13438 11466 1972 108959 107598 1361 248 248 PROGRAM GRANTS AND EXPE 561004 556504 4500 SUPPLIES 20204 817 19387 GENERAL EXCISE TAX 14613 14613 TELEPHONE 6185 2465 3720 -307950 -311304 3354 947015 737806 209209 0 174190 258333 110101 110185 10252 46409 1294 0 10194 41165 3072676 2064956 1116679 1007720 0 2094 1422710 1465906 22716 47517 2416 2723 19353 15273 44485 65513 X 527094 1046794 851131 353599 1378225 1400393 1422710 1465906 13482 8686 0 X 0 0 0 X 496104 367797 2424458 428999 959979 4677337 496104 367797 2424458 428999 959979 4677337 4677337 244324 237741 178403 171067 311322 1142857 9270 9030 1039 2509 500 22348 5842542 47580 0.80060 0.78780 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 11893 11893 2882262 1906145 976117 33361 16262 17099 145160 142549 2611 1007720 LEASE DEPOSITS 15273 15273 X PART X, LINE 2: 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, PART VI, SECTION A, LINE 6 KEDB CONSISTS OF DIRECTING MEMBERS, SUSTAINING MEMBERS, AND CONTRIBUTING MEMBERS, DEPENDING ON AMOUNT OF DUES PAID FOR MEMBERSHIP. FORM 990, PART VI, SECTION A, 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, PART VI, SECTION B, 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, PART VI, SECTION B, LINE 12C THE POLICY IS REVIEWED AND SIGNED ANNUALLY BY THE OFFICERS, DIRECTORS AND KEY EMPLOYEES OF THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 15 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, PART VI, SECTION C, 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.