Civic Intelligence

Kauai Economic Development Board Inc.

990 • Fiscal year 2019 • EIN 99-0231581

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 10, 2020

Organization ProfileWWW.KEDB.COM
PO Box 3921Lihue, HI 96766

(808) 245-6692

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

39th percentile

0.03x

Higher debt load relative to assets than 39% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

69th percentile

0.25x

Higher debt load relative to revenue than 69% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

2nd percentile

-134%

Higher net margin than 2% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

36th percentile

$0

Higher top officer pay than 36% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

8th percentile

-15%

Faster asset growth than 8% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

9th percentile

-33%

Faster revenue growth than 9% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets39th percentile

Assets

Down

$1,658,029

Down $292,480 (-15%) from 2018

Net Assets

Down

$1,600,607

Down $257,823 (-14%) from 2018

Liabilities

Down

$57,422

Down $34,657 (-38%) from 2018

Revenue And Expenses
Liabilities / Revenue69th percentileNet Margin2nd percentile

Revenue

Down

$228,610

Down $111,862 (-33%) from 2018

Expenses

Up

$534,654

Up $49,074 (+10%) from 2018

Net Income

Down

-$306,044

Down $160,936 (-111%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth8th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$4.0M$3.0M$2.0M$1.0M$0Assets 2010: $3,534,522Liabilities 2010: $215,479Net Assets 2010: $3,319,0432010Assets 2011: $3,607,108Liabilities 2011: $341,340Net Assets 2011: $3,265,7682011Assets 2012: $3,542,128Liabilities 2012: $262,347Net Assets 2012: $3,279,7812012Assets 2013: $3,421,930Liabilities 2013: $212,562Net Assets 2013: $3,209,3682013Assets 2014: $3,348,832Liabilities 2014: $237,288Net Assets 2014: $3,111,5442014Assets 2015: $3,087,952Liabilities 2015: $199,788Net Assets 2015: $2,888,1642015Assets 2016: $2,463,112Liabilities 2016: $238,331Net Assets 2016: $2,224,7812016Assets 2017: $2,128,612Liabilities 2017: $125,074Net Assets 2017: $2,003,5382017Assets 2018: $1,950,509Liabilities 2018: $92,079Net Assets 2018: $1,858,4302018Assets 2019: $1,658,029Liabilities 2019: $57,422Net Assets 2019: $1,600,6072019Assets 2020: $1,980,408Liabilities 2020: $122,610Net Assets 2020: $1,857,7982020Assets 2021: $1,422,710Liabilities 2021: $44,485Net Assets 2021: $1,378,2252021Assets 2022: $1,465,906Liabilities 2022: $65,513Net Assets 2022: $1,400,3932022Assets 2023: $1,637,950Liabilities 2023: $106,686Net Assets 2023: $1,531,2642023Assets 2024: $1,896,337Liabilities 2024: $444,744Net Assets 2024: $1,451,5932024

Highlighted filing

2019

Assets$1,658,029
Liabilities$57,422
Net Assets$1,600,607
Open 2019 Filing

Operations Trend

Revenue Growth9th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $669,3172010Expenses 2011: $574,1402011Expenses 2012: $896,8132012Revenue 2013: $646,496Expenses 2013: $716,908Net Income 2013: -$70,4122013Revenue 2014: $619,116Expenses 2014: $716,938Net Income 2014: -$97,8222014Revenue 2015: $565,765Expenses 2015: $789,145Net Income 2015: -$223,3802015Revenue 2016: $220,800Expenses 2016: $884,184Net Income 2016: -$663,3842016Revenue 2017: $310,497Expenses 2017: $569,639Net Income 2017: -$259,1422017Revenue 2018: $340,472Expenses 2018: $485,580Net Income 2018: -$145,1082018Revenue 2019: $228,610Expenses 2019: $534,654Net Income 2019: -$306,0442019Revenue 2020: $2,262,412Expenses 2020: $2,005,220Net Income 2020: $257,1922020Revenue 2021: $269,382Expenses 2021: $748,955Net Income 2021: -$479,5732021Revenue 2022: $960,497Expenses 2022: $947,015Net Income 2022: $13,4822022Revenue 2023: $1,787,621Expenses 2023: $1,689,493Net Income 2023: $98,1282023Revenue 2024: $1,880,186Expenses 2024: $2,033,474Net Income 2024: -$153,2882024

Highlighted filing

2019

Revenue$228,610
Expenses$534,654
Net Income-$306,044
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 10, 2020
Return Version
2019v5.1
Gross Receipts
$614,568
Mission and Program Overview

Mission

To develop innovative, effective partnerships with public, private, non-profit, and other community sectors to accomplish shared goals for a strong economy.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,428,257$1,335,400▼ $92,857
Savings and Temporary Cash Investments$330,783$150,288▼ $180,495
Cash and Non-Interest-Bearing Accounts$107,788$75,471▼ $32,317
Pledges and Grants Receivable$60,852$75,034▲ $14,182
Prepaid Expenses and Deferred Charges$21,258$20,542▼ $716
Inventories for Sale or Use$1,571$1,294▼ $277
Total Assets$1,950,509$1,658,029▼ $292,480
Liabilities
Deferred Revenue$67,352--
Accounts Payable and Accrued Expenses$9,514$44,538▲ $35,024
Other Liabilities$15,213$12,884▼ $2,329
Total Liabilities$92,079$57,422▼ $34,657
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,008,088$849,669▼ $158,419
Net Assets With Donor Restrictions$850,342$750,938▼ $99,404
Total Net Assets Fund Balance$1,858,430$1,600,607▼ $257,823
Total Liabilities and Net Assets / Fund Balance$1,950,509$1,658,029▼ $292,480

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,291,438$1,590,824$2,882,262
Equipment$8,688$134,556$143,244
Leasehold Improvements$23,381$9,980$33,361
Land$11,893-$11,893
Compensation and Service Providers
Top Officer Pay36th percentile

Board Members and Trustees

NameTitle
Peter WiederoderDirector/chair
Jonathan ChunDirector/past Chair
Fred CowellDirector/ist Vice Chair
Ann SokeiDirector
Joshua UyeharaDirector
Patrick OnoDirector
Shawn ReeseDirector
Ben SullivanDirector at Large
Sam PrattDirector at Large
Sue KanohoDirector at Large
Leland KahawaiDirector/secretary
Jason BryantDirector/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$367,797
Program Service Revenue
$0
Investment Income
$318
Other Revenue
$-139,505
All Other Contributions
$169,874
Change in Net Assets
$-306,044

Audited Revenue Reconciliation

Revenue per Audited Statements
$614,568
Revenue Not Reported on Financial Statements
$-385,958
Revenue Not Reported on Form 990
$-1
Other Revenue Adjustments
$-385,958
Total Revenue per Audited Statements
$614,567
Total Revenue per Form 990
$228,610
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$281,246
Salaries, Compensation, and Employee Benefits$253,408
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$95,906$120,149-$216,055
Occupancy$183,011$3,931-$186,942
Depreciation Depletion$108,660$977-$109,637
Fees for Services Accounting$447$27,711-$28,158
Insurance$20,321$4,906-$25,227
Conferences and Meetings$11,563$8,389-$19,952
Other Employee Benefits$6,687$12,567-$19,254
Fees for Services Other$7,227$8,460-$15,687
Office Expenses$8,573$6,799-$15,372
Payroll Taxes$6,691$7,928-$14,619
Other Expenses$3,545$6,098-$9,643
Travel$5,645$1,576-$7,221
Pension Plan Contributions$1,679$1,801-$3,480
Fees for Services Legal$1,295$366-$1,661
Interest-$21-$21
All Other Expenses$-387,580$6,229-$-381,351
Total Functional Expenses$306,659$227,995$0$534,654

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$920,610
Total Expenses per Audited Statements$920,610
Total Expenses per Form 990$534,654
Expenses Not Reported on Form 990$0
Expenses Not Reported on Financial Statements$-385,956
Other Expense Adjustments$-385,956
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Deposits$12,884
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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.”

Filing and Contact Details

Filer

Filer Name
Kauai Economic Development Board
EIN
99-0231581
Phone
8082456692
Address
PO BOX 3921, LIHUE, HI 96766

Signing Officer

Name
Jonathan Chun
Title
Current President
Phone
8082456692
Signed
2020-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jonathan Chun
Formed
1984
Legal Domicile
Hi
Voting Board Members
12
Independent Board Members
12
Employees
6
Volunteers
15

Preparer

Firm
Clifford Isara CPA LLC
Address
1150 SOUTH KING ST STE 605, HONOLULU, HI 96814
Preparer
Clifford K Isara CPA
Phone
8085971337
Supplemental Narrative

Financial Statement Notes

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.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“ROUNDING -1.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Rental expenses -385,958.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Rental expenses -385,958. Rounding 2.”

Raw XML AppendixShowing 400 of 495 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01735360
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01428257
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01335400
IRS990/LandBldgEquipCostOrOtherBssAmt03070760
IRS990/LegalDomicileStateCd0HI
IRS990/LessRentalExpensesGrp/RealAmt0385958
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembershipDuesAmt084500
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO DEVELOP INNOVATIVE, EFFECTIVE PARTNERSHIPS WITH PUBLIC, PRIVATE, NON-PROFIT, AND OTHER COMMUNITY SECTORS TO ACCOMPLISH SHARED GOALS FOR A STRONG ECONOMY.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt01858430
IRS990/NetAssetsOrFundBalancesEOYAmt01600607
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt0-148535
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0-148535
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01008088
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0849669
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt03931
IRS990/OccupancyGrp/ProgramServicesAmt0183011
IRS990/OccupancyGrp/TotalAmt0186942
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt06799
IRS990/OfficeExpensesGrp/ProgramServicesAmt08573
IRS990/OfficeExpensesGrp/TotalAmt015372
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt012567
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt06687
IRS990/OtherEmployeeBenefitsGrp/TotalAmt019254
IRS990/OtherExpensesGrp/Desc0PROGRAM GRANTS
IRS990/OtherExpensesGrp/Desc1EQ LEASE AND MAINT
IRS990/OtherExpensesGrp/Desc2GENERAL EXCISE TAX
IRS990/OtherExpensesGrp/Desc3SUPPLIES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01127
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt19216
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2-256
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt36098
IRS990/OtherExpensesGrp/ProgramServicesAmt0218353
IRS990/OtherExpensesGrp/ProgramServicesAmt13590
IRS990/OtherExpensesGrp/ProgramServicesAmt211046
IRS990/OtherExpensesGrp/ProgramServicesAmt33545
IRS990/OtherExpensesGrp/TotalAmt0219480
IRS990/OtherExpensesGrp/TotalAmt112806
IRS990/OtherExpensesGrp/TotalAmt210790
IRS990/OtherExpensesGrp/TotalAmt39643
IRS990/OtherLiabilitiesGrp/BOYAmt015213
IRS990/OtherLiabilitiesGrp/EOYAmt012884
IRS990/OtherRevenueMiscGrp/BusinessCd0452000
IRS990/OtherRevenueMiscGrp/Desc0KAUAI PRODUCTS SALES
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt09030
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt09030
IRS990/OtherRevenueTotalAmt09030
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0120149
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt095906
IRS990/OtherSalariesAndWagesGrp/TotalAmt0216055
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt07928
IRS990/PayrollTaxesGrp/ProgramServicesAmt06691
IRS990/PayrollTaxesGrp/TotalAmt014619
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt01801
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt01679
IRS990/PensionPlanContributionsGrp/TotalAmt03480
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt060852
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt075034
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt021258
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt020542
IRS990/PrincipalOfficerNm0JONATHAN CHUN
IRS990/PriorPeriodAdjustmentsAmt048221
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0496104
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0318
IRS990/PYOtherExpensesAmt0246101
IRS990/PYOtherRevenueAmt0-155950
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-145108
IRS990/PYSalariesCompEmpBnftPaidAmt0239479
IRS990/PYTotalExpensesAmt0485580
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0340472
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-306044
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt0-148535
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0-139505
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0330783
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0150288
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0367797
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0496104
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0431399
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0227504
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0602533
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02125337
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0237741
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0244324
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0253104
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0358574
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0393537
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01487280
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt09030
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt09270
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt011012
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt015995
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt014353
IRS990ScheduleA/OtherIncome170Grp/TotalAmt059660
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.57880
IRS990ScheduleA/PublicSupportPY170Pct00.56690
IRS990ScheduleA/PublicSupportTotal170Amt02125337
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0367797
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0496104
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0431399
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0227504
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0602533
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02125337
IRS990ScheduleA/TotalSupportAmt03672277
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt01291438
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01590824
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02882262
IRS990ScheduleD/EquipmentGrp/BookValueAmt08688
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0134556
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0143244
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0-385956
IRS990ScheduleD/ExpensesSubtotalAmt0920610
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt011893
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt011893
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt023381
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt09980
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt033361
IRS990ScheduleD/OtherExpensesNotIncludedAmt0-385956
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt012884
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0LEASE DEPOSITS
IRS990ScheduleD/OtherRevenueAmt0-1
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0-385958
IRS990ScheduleD/RevenueNotReportedAmt0-1
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0-385958
IRS990ScheduleD/RevenueSubtotalAmt0614568
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE 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.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1ROUNDING -1.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2RENTAL EXPENSES -385,958.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3RENTAL EXPENSES -385,958. ROUNDING 2.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01335400
IRS990ScheduleD/TotalExpensesPerForm990Amt0534654
IRS990ScheduleD/TotalLiabilityAmt012884
IRS990ScheduleD/TotalRevenuePerForm990Amt0228610
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0614567
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0920610
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0KEDB CONSISTS OF DIRECTING MEMBERS, SUSTAINING MEMBERS, AND CONTRIBUTING MEMBERS, DEPENDING ON AMOUNT OF DUES PAID FOR MEMBERSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EACH 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE POLICY IS REVIEWED AND SIGNED ANNUALLY BY THE OFFICERS, DIRECTORS AND KEY EMPLOYEES OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE 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.

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,658,029
Liabilities
$57,422
Net assets
$1,600,607
Revenue
$228,610
Expenses
$534,654
Net income
-$306,044
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.90$0.44$1.45$1.88$2.03$0.15
2023Detailed filing. Detailed filing data is available for this year.$1.64$0.11$1.53$1.79$1.69$0.10
2022Detailed filing. Detailed filing data is available for this year.$1.47$0.07$1.40$0.96$0.95$0.01
2021Detailed filing. Detailed filing data is available for this year.$1.42$0.04$1.38$0.27$0.75$0.48
2020Detailed filing. Detailed filing data is available for this year.$1.98$0.12$1.86$2.26$2.01$0.26
2019Detailed filing. Detailed filing data is available for this year.$1.66$0.06$1.60$0.23$0.53$0.31
2018Detailed filing. Detailed filing data is available for this year.$1.95$0.09$1.86$0.34$0.49$0.15
2017Detailed filing. Detailed filing data is available for this year.$2.13$0.13$2.00$0.31$0.57$0.26
2016Detailed filing. Detailed filing data is available for this year.$2.46$0.24$2.22$0.22$0.88$0.66
2015Detailed filing. Detailed filing data is available for this year.$3.09$0.20$2.89$0.57$0.79$0.22
2014Detailed filing. Detailed filing data is available for this year.$3.35$0.24$3.11$0.62$0.72$0.10
2013Detailed filing. Detailed filing data is available for this year.$3.42$0.21$3.21$0.65$0.72$0.07
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.54$0.26$3.28$0.90
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.61$0.34$3.27$0.57
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.53$0.22$3.32$0.67