Kona Cacao Association Inc
- Assets
- $3.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Kealakekua, HI
- Founding
- 07/2014
- Data as of
- 12/2023
- EIN
- 45-4189391
Organization Overview
Kona Cacao Association Inc is located in Kealakekua, HI. The organization was established in 2014. According to its NTEE Classification (N52) the organization is classified as: Fairs, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kona Cacao Association Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Kona Cacao Association Inc generated $15.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.9%) each year. All expenses for the organization totaled $13.7k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.8%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
THE BIG ISLAND CHOCOLATE FESTIVAL IS PRESENTED BY THE KONA CACAO ASSOCIATION, INC. THE FESTIVAL IS A BENEFIT FUNDRAISER FOR THE "EQUIP THE KITCHENS" CAMPAIGN AT PALAMANUI & KONA PACIFIC PUBLIC CHARTER SCHOOL'S NEW COMMUNITY AMPHITHEATER. THE MISSION & GOAL OF THIS ASSOCIATION IS ALSO TO PROMOTE THE CACAO INDUSTRY ON THE BIG ISLAND OF HAWAII BY PROVIDING AN EDUCATIONAL & OUTREACH OPPORTUNITY FOR LOCAL CACAO FARMERS, THE HOSPITALITY INDUSTRY AND CACAO ENTHUSIASTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Farsheed Bonakdar President | 1 | $0 | |
Laurie Mattos Treasurer | 2 | $0 | |
Fern Gavalek Vice Preside | 1 | $0 | |
Delania Branham Secretary | 1 | $0 | |
Noya Munoz Director | 1 | $0 | |
Stephanie Beeby Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,375 |
| Total Program Service Revenue | $0 |
| Membership dues | $250 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$10,055 |
| Other Revenue | $0 |
| Total Revenue | $15,570 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $995 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $4,686 |
| Total expenses | $13,681 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $1,802 |
| Other assets | $0 |
| Total assets | $3,896 |
| Total liabilities | $766 |
| Net assets or fund balances | $3,130 |