Civic Intelligence

Kauai Economic Development Board Inc.

990 • Fiscal year 2020 • EIN 99-0231581

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 15, 2021

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

43rd percentile

0.06x

Higher debt load relative to assets than 43% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

34th percentile

0.05x

Higher debt load relative to revenue than 34% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

61st percentile

11%

Higher net margin than 61% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

37th percentile

$0

Higher top officer pay than 37% of similar nonprofits.

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

71st percentile

19%

Faster asset growth than 71% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

99th percentile

890%

Faster revenue growth than 99% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets43rd percentile

Assets

Up

$1,980,408

Up $322,379 (+19%) from 2019

Net Assets

Up

$1,857,798

Up $257,191 (+16%) from 2019

Liabilities

Up

$122,610

Up $65,188 (+114%) from 2019

Revenue And Expenses
Liabilities / Revenue34th percentileNet Margin61st percentile

Revenue

Up

$2,262,412

Up $2,033,802 (+890%) from 2019

Expenses

Up

$2,005,220

Up $1,470,566 (+275%) from 2019

Net Income

Up

$257,192

Up $563,236 (+184%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth71st 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

2020

Assets$1,980,408
Liabilities$122,610
Net Assets$1,857,798
Open 2020 Filing

Operations Trend

Revenue Growth99th 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

2020

Revenue$2,262,412
Expenses$2,005,220
Net Income$257,192
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 15, 2021
Return Version
2020v4.1
Gross Receipts
$2,603,900
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$1,335,400$1,227,116▼ $108,284
Pledges and Grants Receivable$75,034$388,309▲ $313,275
Cash and Non-Interest-Bearing Accounts$75,471$234,451▲ $158,980
Savings and Temporary Cash Investments$150,288$110,029▼ $40,259
Prepaid Expenses and Deferred Charges$20,542$19,209▼ $1,333
Inventories for Sale or Use$1,294$1,294→ $0
Total Assets$1,658,029$1,980,408▲ $322,379
Liabilities
Accounts Payable and Accrued Expenses$44,538$113,310▲ $68,772
Other Liabilities$12,884$8,300▼ $4,584
Deferred Revenue-$1,000-
Total Liabilities$57,422$122,610▲ $65,188
Net Assets / Fund Balance
Net Assets With Donor Restrictions$750,938$1,208,951▲ $458,013
Net Assets Without Donor Restrictions$849,669$648,847▼ $200,822
Total Net Assets Fund Balance$1,600,607$1,857,798▲ $257,191
Total Liabilities and Net Assets / Fund Balance$1,658,029$1,980,408▲ $322,379

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,186,331$1,695,931$2,882,262
Equipment$133,086$12,074$145,160
Leasehold Improvements$-104,194$137,555$33,361
Land$11,893-$11,893
Compensation and Service Providers
Top Officer Pay37th percentile

Board Members and Trustees

NameTitle
Joshua UyeharaDirector/ag Committee Chair
Jonathan ChunDirector/chair
Ann SokeiDirector/education Committee Chair
Sue KanohoDirector/membership Chair
Sam PrattDirector/property Chair
Shawn ReeseDirector/vice Chair
Fred CowellDirector at Large
Patrick OnoDirector at Large
Jason BryantDirector/secretary
Leland KahawaiDirector/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,424,458
Program Service Revenue
$0
Investment Income
$180
Other Revenue
$-162,226
All Other Contributions
$120,200
Change in Net Assets
$257,192
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,835,112
Salaries, Compensation, and Employee Benefits$170,108
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$195,172$5,393-$200,565
Other Salaries and Wages-$140,580-$140,580
Depreciation Depletion$109,079$1,121-$110,200
Fees for Services Accounting-$76,357-$76,357
Insurance$20,140$6,512-$26,652
Other Employee Benefits-$19,194-$19,194
Payroll Taxes-$10,334-$10,334
Other Expenses$1,610$3,574-$5,184
Office Expenses$1,769$1,967-$3,736
Travel$1,763$445-$2,208
Conferences and Meetings$1,428$209-$1,637
Fees for Services Other-$75-$75
Fees for Services Legal$-2,291$227-$-2,064
All Other Expenses$-341,090$2,335-$-338,755
Total Functional Expenses$1,729,438$275,782$0$2,005,220
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$8,300
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
2021-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jonathan Chun
Formed
1984
Legal Domicile
Hi
Voting Board Members
10
Independent Board Members
10
Employees
5
Volunteers
10

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

Additional Explanations

FORM 990, PART XI, LINE 9:

“ROUNDING ADJUSTMENT -1.”

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.”

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IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt0-1
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt019194
IRS990/OtherEmployeeBenefitsGrp/TotalAmt019194
IRS990/OtherExpensesGrp/Desc0PROGRAM GRANTS AND EXPE
IRS990/OtherExpensesGrp/Desc1GENERAL EXCISE TAX
IRS990/OtherExpensesGrp/Desc2SUPPLIES
IRS990/OtherExpensesGrp/Desc3TELEPHONE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01505
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11542
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt24412
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt33574
IRS990/OtherExpensesGrp/ProgramServicesAmt01730411
IRS990/OtherExpensesGrp/ProgramServicesAmt19639
IRS990/OtherExpensesGrp/ProgramServicesAmt21808
IRS990/OtherExpensesGrp/ProgramServicesAmt31610
IRS990/OtherExpensesGrp/TotalAmt01731916
IRS990/OtherExpensesGrp/TotalAmt111181
IRS990/OtherExpensesGrp/TotalAmt26220
IRS990/OtherExpensesGrp/TotalAmt35184
IRS990/OtherLiabilitiesGrp/BOYAmt012884
IRS990/OtherLiabilitiesGrp/EOYAmt08300
IRS990/OtherRevenueMiscGrp/BusinessCd0452000
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/Desc0KAUAI PRODUCTS SALES
IRS990/OtherRevenueMiscGrp/Desc1MISCELLANEOUOS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0896
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt1143
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0896
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1143
IRS990/OtherRevenueTotalAmt01039
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0140580
IRS990/OtherSalariesAndWagesGrp/TotalAmt0140580
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt010334
IRS990/PayrollTaxesGrp/TotalAmt010334
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt075034
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0388309
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt020542
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt019209
IRS990/PrincipalOfficerNm0JONATHAN CHUN
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0367797
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0318
IRS990/PYOtherExpensesAmt0281246
IRS990/PYOtherRevenueAmt0-139505
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-306044
IRS990/PYSalariesCompEmpBnftPaidAmt0253408
IRS990/PYTotalExpensesAmt0534654
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0228610
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0257192
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt0-163265
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0-163265
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0150288
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0110029
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt02424458
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0367797
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0496104
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0431399
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0227504
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03947262
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0178403
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0237741
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0244324
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0253104
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0358574
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01272146
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt01039
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt09030
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt09270
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt011012
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt015995
IRS990ScheduleA/OtherIncome170Grp/TotalAmt046346
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.74960
IRS990ScheduleA/PublicSupportPY170Pct00.57880
IRS990ScheduleA/PublicSupportTotal170Amt03947262
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt02424458
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0367797
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0496104
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0431399
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0227504
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03947262
IRS990ScheduleA/TotalSupportAmt05265754
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/BookValueAmt01186331
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01695931
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02882262
IRS990ScheduleD/EquipmentGrp/BookValueAmt0133086
IRS990ScheduleD/EquipmentGrp/DepreciationAmt012074
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0145160
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt011893
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt011893
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0-104194
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0137555
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt033361
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt08300
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0LEASE DEPOSITS
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/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01227116
IRS990ScheduleD/TotalLiabilityAmt08300
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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5UPON REQUEST, THE ADMINISTRATIVE ASSISTANT MAKES THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND AUDITED FINANCIAL STATEMENTS AVAILABLE FOR REVIEW IN THE OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6ROUNDING ADJUSTMENT -1.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XI, LINE 9:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0HI
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01658029
IRS990/TotalAssetsEOYAmt01980408
IRS990/TotalAssetsGrp/BOYAmt01658029
IRS990/TotalAssetsGrp/EOYAmt01980408
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt02424458
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0275782
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01729438
IRS990/TotalFunctionalExpensesGrp/TotalAmt02005220
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt057422
IRS990/TotalLiabilitiesEOYAmt0122610
IRS990/TotalLiabilitiesGrp/BOYAmt057422
IRS990/TotalLiabilitiesGrp/EOYAmt0122610
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01600607
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01857798
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01729438
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0180

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,980,408
Liabilities
$122,610
Net assets
$1,857,798
Revenue
$2,262,412
Expenses
$2,005,220
Net income
$257,192
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