2025-10-23T19:57:25-05:00 2023-12-31 261659234 CW ASSOCIATES CPAS 700 BISHOP STREET SUITE 1040 HONOLULU HI 96813 990 2023-09-07 933426743 AHU ILI AHUI 8088902505 64-1043 HIIAKA ST KAMUELA HI 96743 TAFFI WISE SECRETARY 8088902505 2025-10-23 1 0 RODNEY M HARANO P00389596 8085311040 2025-10-21 2023 2025-03-06 01:10:19Z X MARY KATIE BENIONI 64-1043 HIIAKA ST KAMUELA HI 96743 3635611 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 1211 0 3635611 0 0 0 0 0 235 235 3635376 3635585 209 3635376 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 FACILITATION OF A NEW MARKETS TAX CREDIT FINANCING TRANSACTION ON BEHALF OF KANU O KA 'AINA LEARNING 'OHANA TO SUPPORT ITS DEVELOPMENT AND IMPROVEMENT OF EDUCATIONAL PROGRAMS SERVING THE HAWAIIAN COMMUNITY. THROUGH THIS EFFORT, KALO PROVIDED EDUCATIONAL AND CULTURAL LEARNING OPPORTUNITIES TO APPROXIMATELY 8,700 PROGRAM PARTICIPANTS, THE MAJORITY OF WHOM WERE LOW-INCOME INDIVIDUALS AND FAMILIES. 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 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 41.00 X X 0 146568 39523 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 9.00 X X 0 72899 44015 JOHN THATCHER DIRECTOR 1.00 X 0 0 0 0 219467 83538 0 0 0 0 0 3634400 3634400 1211 1211 3635611 0 0 1211 235 235 235 0 235 0 11 3634400 1174 0 3635585 209 0 209 X 3635376 0 3635376 0 3635585 3635376 0 X 0 0 0 X X X 1 KANU O KA AINA LEARNING OHANA 990352665 7 1 3634400 0 1 3634400 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 2023, 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. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 0 MARY KATIE BENIONI PRESIDENT 0 146568 0 0 0 0 0 27003 0 12520 0 186091 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