2025-11-13T16:10:50-06:00 2024-12-31 261659234 CW ASSOCIATES CPAS 700 BISHOP STREET SUITE 1040 HONOLULU HI 96813 990 2024-01-01 990313224 WAIPA FOUNDATION WAIP 8086391815 PO BOX 1189 HANALEI HI 96714 MICHELLE SWARTMAN TREASURER 8086391815 2025-11-13 1 1 RODNEY M HARANO P00389596 8085311040 2025-11-13 2024 2025-03-06 01:10:19Z STACY M SPROAT PO BOX 1189 HANALEI HI 96714 2572392 0 X WWW.WAIPAFOUNDATION.ORG X 1994 HI WAIPA FOUNDATIONS MISSION IS TO RESTORE WAIPA'S VIBRANT NATURAL SYSTEMS AND RESOURCES, AND INSPIRE HEALTHY, THRIVING COMMUNITIES CONNECTED TO THEIR RESOURCES. 9 8 61 350 0 0 1259776 1770948 218728 257563 24782 28824 377876 474368 1881162 2531703 2000 0 0 0 1131515 1260981 0 0 146348 822683 989667 1956198 2250648 -75036 281055 3490985 3740945 380611 341444 3110374 3399501 X TO RESTORE WAIPA'S VIBRANT NATURAL SYSTEMS AND RESOURCES, AND INSPIRE HEALTHY, THRIVING COMMUNITIES CONNECTED TO THEIR RESOURCES. 0 0 1746726 708985 WAIPA SERVED OVER 100 CHILDREN AND YOUTH FROM THE LOCAL COMMUNITY IN PROGRAMS ENRICHMENT, COMMUNITY BUILDING, LIFE AND WORK SKILLS, ACADEMICS AND HAWAIIAN CULTURAL VALUES AND PRACTICE. IN ADDITION WAIPA SERVED OVER 1,000 LEARNERS FROM KAUA`I, HAWAII AND BEYOND ON EDUCATIONAL VISITS TO LEARN ABOUT HAWAIIAN CULTURE, VALUES AND RESOURCE MANAGEMENT, ENVIRONMENT AND FOOD. WAIPA MANAGED AND ACTIVELY MAINTAINED 50+ ACRES OF LAND, RESOURCES, AND FACILITIES AT WAIPA AS LEARNING SITES FOR PROGRAMS, COMMUNITY CONNECTION AND TO PROVIDE FOOD AND MATERIALS FOR WAIPA'S COMMUNITY AND PROGRAMS. WAIPA SERVED AS A FOOD HUB GROWING, PRODUCING, AND DISTRIBUTING OVER 35,000 LBS OF POI AND 10,000 LBS OF FRESH PRODUCE DURING THE YEAR PLUS HEALTHY MEALS AND OTHER FOOD ITEMS TO COMMUNITY. WAIPA ALSO SUPPORTS COMMUNITY BASED ECONOMIC DEVELOPMENT BY PROVIDING AN INCUBATOR KITCHEN TO SMALL FOOD BUSINESSES AND HOSTING A WEEKLY FARMERS MARKET, ANNUAL FOOD FESTIVAL AND CHRISTMAS CRAFT FAIR. OVER 75 LOCAL FARMERS, CRAFTERS AND VENDORS WERE SERVED THROUGH THESE EVENTS. THE 2024 YEAR WAS ANOTHER BUSY AND AMAZING ONE FOR WAIPA.ANOTHER MAJOR ACTIVITY INCLUDED GROWING FRESH PRODUCE IN OUR GARDENS, AND PROCESSING POI IN OUR KITCHEN, BOTH OF WHICH ARE DISTRIBUTED WEEKLY AT AFFORDABLE PRICES (0%-60% OF RETAIL) TO SUPPORT THE FOOD SUSTAINABILITY OF WAIPA'S COMMUNITIES. OVER 10,000 LBS OF FRESH PRODUCE WAS GROWN, AND OVER 35,000 LBS OF POI PROCESSED DURING THIS YEAR. PREPARED FOOD ITEMS INCLUDING BAKED GOODS AND SAVORY ENTREES CONTINUE TO BE SOLD THROUGH ITS SELF SERVE HONOR SYSTEM RETAIL SPACE ONSITE. ALL PRODUCTS CONTAIN LOCAL AND WAIPA INGREDIENTS. BAKED GOODS ARE PRICED AT RETAIL AND SAVORY ENTREES ARE PRICED AT 60% OF RETAIL AS SERVICE TO OUR COMMUNITY. SAVORY ITEMS PROVIDE LOCAL COMMUNITIES WITH HEALTHY, LOCAL, AFFORDABLE PREPARED FOODS. MANAGING AND MAINTAINING THE LAND, RESOURCES, AND FACILITIES AT WAIPA BOTH TO INCREASE THEIR HEALTH AND PRODUCTIVITY, AND AS LEARNING SITES, INCLUDING STREAM MONITORING AND RESTORATION WHICH HAS INCREASED THE HEALTH OF WAIPA STREAM, AS INDICATED BY REGULAR MONITORING; WAIPA ALSO MANAGES FARMS, GARDENS, GREENHOUSE, AND TARO FIELDS AND THEIR RELATED INFRASTRUCTURE; COASTAL HABITATS, CAMPSITES, AND A FISHPOND; LOWLAND NATIVE FOREST RESTORATION AND MANAGEMENT; OPEN SPACES FOR COMMUNITY FESTIVALS, GATHERINGS AND EVENTS; FACILITIES FOR PROGRAM USE, TO MEET, GATHER, PREPARE FOOD, AND ADMINISTRATIVE USE FOR MANAGEMENT OF THE ORGANIZATION AND ITS PROGRAMS. IN TOTAL OVER 50 ACRES OF LEARNING SITES AND FARM/GARDEN AREAS, ALONG WITH THEIR ACCESS AND WATER AND OTHER INFRASTRUCTURE WERE MAINTAINED BY WAIPA STAFF TEAM. 1746726 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 17 0 1 61 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 9 8 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 HI X STACY M SPROAT 8086391815 55-785A KUHIO HWY HANALEI HI 96714 DENNIS CHUN PRESIDENT, DIRECTOR 0.40 X X 0 0 0 PRESLEY WANN VICE PRESIDENT, DIRECTOR 0.20 X X 0 0 0 KALIKOLIHAU PAIK SECRETARY, DIRECTOR 0.20 X X 0 0 0 MICHELLE SWARTMAN TREASURER, DIRECTOR 0.20 X X 0 0 0 DONNA AANA-NAKAHARA DIRECTOR 0.20 X 0 0 0 LEA KAIAOKAMALIE DIRECTOR 0.20 X 0 0 0 TODD KUWAYE DIRECTOR 0.20 X 0 0 0 GAYLA SPENCER DIRECTOR 0.20 X 0 0 0 LILLIAN WATARI DIRECTOR 0.20 X 0 0 0 STACY M SPROAT EXECUTIVE DIRECTOR 40.00 X 95000 0 13756 LEA WELDON ADMINISTRATIVE MANAGER / YOUTH PROGRAMS DIRECTOR 35.00 X 54748 0 10856 149748 0 24612 0 0 0 0 0 2400 1036896 731652 1770948 PROGRAM PARTICIP. FEES 611710 257563 257563 257563 28824 28824 30250 0 30250 30250 30250 9552 2400 16856 -7304 -7304 453479 23833 429646 429646 REIMBURSEMENTS & OTHER 900099 21776 21776 21776 2531703 708985 0 51770 X 178360 9387 168973 800011 701808 22406 75797 25660 23342 2318 256950 210654 26783 19513 37624 37624 294890 234644 58879 1367 1395 500 895 21617 6148 15469 100901 91785 531 8585 15918 13692 2174 52 158684 158684 82192 69868 9324 3000 SUPPLIES 276446 226214 15411 34821 2250648 1746726 357574 146348 913350 466161 12698 240910 39799 42947 2764442 1113377 1707584 1651065 527238 1055893 290316 283969 3490985 3740945 44613 48937 45681 8538 290317 283969 380611 341444 X 2423651 2474364 686723 925137 3110374 3399501 3490985 3740945 281055 -169 8241 0 X 0 1 X 1 0 X 897018 1208032 1323545 1259776 1770948 6459319 897018 1208032 1323545 1259776 1770948 6459319 2381675 4077644 12720 2481 24782 59074 99057 14071 8318 8944 6585 21776 59694 6618070 2504807 0.61610 0.52800 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: REIMBURSEMENTS OTHER INCOME - 2020 AMOUNT: $ 14,071. 2021 AMOUNT: $ 8,318. 2022 AMOUNT: $ 8,944. 2023 AMOUNT: $ 6,585. 2024 AMOUNT: $ 21,776. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1580820 405106 1175714 987881 567477 420404 195741 140794 54947 1651065 RIGHT OF USE ASSETS 283969 283969 RIGHT OF USE LIABILITIES 283969 283969 X 4157872 -169 -169 4158041 -1626338 -1626338 2531703 2253202 2554 2554 2250648 0 2250648 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 FOUNDATION'S TAX POSITIONS AS OF AND FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023 AND DETERMINED THAT THE FOUNDATION HAD NO UNCERTAIN TAX POSITIONS REQUIRED TO BE REPORTED IN ACCORDANCE WITH U.S. GAAP. THE FOUNDATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS IN PROGRESS FOR ANY OPEN TAX PERIODS. PART XI, LINE 4B - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES -2,554. CHANGE IN NET ASSETS WITH DONOR RESTRICTIONS -1,623,784. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES 2,554. ROBERT WATARI HUSBAND OF DIRECTOR LILLIAN WATARI 38720 KALO 0 FORM 990, PART VI, SECTION B, LINE 11B A COPY OF WAIPA FOUNDATION'S FORM 990 WAS PROVIDED TO THE BOARD OF DIRECTORS PRIOR TO FILING VIA ELECTRONIC MAIL OR HAND DELIVERY. BOARD OF DIRECTORS HAVE ONE WEEK TO REVIEW THE 990 IN DRAFT FORM BEFORE IT IS SUBMITTED, TO ASK QUESTIONS, REQUEST CLARIFICATION, MORE INFORMATION, OR MAKE COMMENTS. FORM 990, PART VI, SECTION B, LINE 12C EACH BOARD MEMBER SIGNS A CONFLICT OF INTEREST DISCLOSURE STATEMENT ANNUALLY. BOARD MEMBERS ARE COVERED UNDER THE POLICY. STAFF REVIEWS THE COMPLETED STATEMENTS, AND IF A CONFLICT IS IDENTIFIED, THE ISSUE IS REVIEWED AT THE BOARD LEVEL. ALTHOUGH NOT STATED IN THE POLICY, THE BOARD WOULD HAVE THE MEMBER IN QUESTION RECUSE THEMSELVES. RESTRICTIONS ON PERSONS WITH A CONFLICT ARE NOT IDENTIFIED IN THE POLICY, BUT IN PRACTICE, THE BOARD WOULD PROHIBIT THEM FROM PARTICIPATING IN THE DELIBERATIONS AND DECISIONS ON A TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OF DIRECTORS WILL REVIEW AND APPROVE THE EXECUTIVE DIRECTOR'S COMPENSATION PERIODICALLY OR UPON CONSIDERATION OF A PROPOSED CHANGE IN THE COMPENSATION RATE. IN DETERMINING THE EXECUTIVE DIRECTOR'S COMPENSATION, THE BOARD OF DIRECTORS WILL USE COMPARABLE DATA BASED ON THE FORM 990 FILED BY OTHER 501(C)(3) ORGANIZATIONS OF SIMILAR SIZE AND GEOGRAPHIC AREA. A RECORD OF THE DECISION SHALL BE NOTED IN THE MEETING MINUTES. THIS PROCESS WAS UNDERTAKEN IN 2022. 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 OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 234,644. MANAGEMENT AND GENERAL EXPENSES 58,879. FUNDRAISING EXPENSES 1,367. TOTAL EXPENSES 294,890.