Ikuna Koa Outrigger Canoe Club

“Ikuna koa historically was under a group exemption and filed stand alone returns under the name southern california outrigger racing association with a dba of ikuna koa. The group exemption expired and ikuna received their own exemption effective december 12, 2022 and changed year end from december to may. This is the initial year of filing under their own exempt status and new fiscal year end. Fein did not change.”

“Expenses marketing 200 bank charges 30 software license 297 canoe transport 150 board meeting expense 250 insurance 5,833 event supplies 3,095 coaching fees 500 canoe supplies 498 equipment rental 125 scora dues 866 canoe decals 1,497 race fees 2,655 canoe repairs/maintenance 1,316 non-investment depreciation 1,416 total 18,728”

“Kukahi canoe 0 14,166 less accumulated depreciation 0 590 kailani canoe 0 19,090 less accumulated depreciation 0 795 iako canoe cover 0 750 less accumulated depreciation 0 31 total 0 32,590”

“Unsecured notes and loans payable 0 15,000”

“To provide our members with education and skill in paddling and a sense of the ancient cultrual traditions and aloha spirit embodied in the sport of hawaiian outrigger canoe racing, to practice with respect and care for our waterways, and to expose as many people as possible to the sport.”