Oahu Economic Development Board

“Jan sullivan (director) and patrick sullivan (director) have a business & family relationship with each other. Nelson lau (treasurer, director) and timothy johns (director) have a business relationship with each other. Nelson lau (treasurer, director) and neill char (director) have a business relationship with each other. Timothy johns (director) and joseph viola (director) have a business relationship with each other. Timothy johns (director) and robin campaniano (director) have a business relationship with each other. Tyler tokioka (vice chair, director) and nelson lau (treasurer, director) have a business relationship with each other. Tyler tokioka (vice chair, director) and colbert matsumoto (ex-officio director) have a business relationship with each other. Tyler tokioka (vice chair, director) and neill char (director) have a business relationship with each other. Tyler tokioka (vice chair, director) and lisa maruyama (director) have a business relationship with each other. David tumilowicz (director) and nelson lau (treasurer, director) have a business relationship with each other. Robin campaniano (director), jeffrey au (director), and myron thompson (director), have a business relationship with each other.”

“The president/ceo reviews form 990 prior to submitting to the irs. Upon completion of filing the form 990 with the irs, the board of directors are then notified at the next board meeting that the 990 was filed, and copies are available upon request.”

“The conflict of interest policy, which is approved by the board of directors, is distributed to all members of the board. Directors are required to disclose annually interests that could give rise to conflicts. Directors will bring up for discussion at board meetings if there is a possibility that a conflict exists.”

“Compensation is presented to the chairman of the board and then approved by the executive committee.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

“In 2020, oahu economic development board ("oedb") received loan proceeds in the amount of $141,900, under the paycheck protection program (ppp) as part of the cares act. The loan and accrued interest may be forgiven as long as oedb uses the loan proceeds for eligible purposes, including payroll costs, during the 24 week period beginning on the date of first disbursement of the loan. Oedb has used the loan proceeds for purposes consistent with the ppp and believes that they have met the conditions for forgiveness of the loan. In 2021, oedb received forgiveness of the full amount of $141,900.”

“Questions 7g and 7h are not applicable to the exempt organization. As such, they have been marked no.”

“401(k) service fee: program service expenses 0. Management and general expenses 2,175. Fundraising expenses 0. Total expenses 2,175. Bank & brokerage fees: program service expenses 230. Management and general expenses 71. Fundraising expenses 0. Total expenses 301. Fiscal agent fee: program service expenses 43,133. Management and general expenses 0. Fundraising expenses 0. Total expenses 43,133. Facilitator: program service expenses 3,600. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,600. Other professional fees: program service expenses 184,507. Management and general expenses 3,920. Fundraising expenses 0. Total expenses 188,427.”

“ROUNDING 4.”