Hawaii Island Energy Cooperative
- Assets
- $32.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Hilo, HI
- Founding
- 12/2016
- Data as of
- 12/2017
- EIN
- 47-3223910
Organization Overview
Hawaii Island Energy Cooperative is located in Hilo, HI. The organization was established in 2016. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hawaii Island Energy Cooperative is a 501(c)(12) and as such, is described as a "Benevolent Life Insurance Association, Mutual Ditch or Irrigation Company, Mutual or Cooperative Telephone Company" by the IRS.
For the year ending 12/2017, Hawaii Island Energy Cooperative generated $4.0 in total revenue. All expenses for the organization totaled $6.0k during the year ending 12/2017.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2017
Describe the Organization's Program Activity:
Part 3
HAWAII ISLAND ENERGY COOPERATIVE (HIEC), A HAWAII-REGISTERED 421C NON-PROFIT COOPERATIVE ASSOCIATION AND 501(C)(12) NON-PROFIT, WAS ESTABLISHED TO PURSUE THE CONVERSION OF HAWAII ELECTRIC LIGHT COMPANY INTO A COOPERATIVE. FORMED BY COMMUNITY AND BUSINESS LEADERS ON HAWAII ISLAND TO EXPLORE THE POTENTIAL MERITS OF A COMMUNITY-BASED, COOPERATIVE OWNERSHIP STRUCTURE FOR ELECTRIC UTILITY SERVICES ON THE BIG ISLAND, HIEC IS ALSO EXPLORING HOW OTHER ENERGY SECTORS, SUCH AS TRANSPORTATION, CAN BE TRANSFORMED TO BE MORE SUSTAINABLE AND ENVIRONMENTALLY-FRIENDLY. ABOVE ALL, HIEC IS FOCUSED ON LOWERING THE COST OF ELECTRICITY TO THE ISLAND'S CONSUMERS AND FOSTERING THE MORE RAPID IMPLEMENTATION OF COST-EFFECTIVE RENEWABLE ENERGIES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gerald Demello Vice President/director | 0.02 | $0 | |
Richard Ha President/director | 0.1 | $0 | |
Wallace Ishibashi Vice President/director | 0.02 | $0 | |
Marco Mangelsdorf Secretary/director | 1 | $0 | |
Noe Kalipi Director | 0.02 | $0 | |
Michelle Galimba Director | 0.02 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $4 |
| Total Revenue | $4 |
| 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 | $3,249 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $1,885 |
| Other expenses | $825 |
| Total expenses | $5,959 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $32,416 |
| Other assets | $0 |
| Total assets | $32,416 |
| Total liabilities | $0 |
| Net assets or fund balances | $32,416 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Hawaii Island Energy Cooperative has recieved totaling $50,000.
| Awarding Organization | Amount |
|---|---|
Kauai Island Utility Cooperative Lihue, HI PURPOSE: SUPPORT FOR NEW COOPERATIVE FORMATION | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Oildale Mutual Water Company Oildale, CA | $46,887,728 | $11,045,397 |
Vaughn Water Co Inc Bakersfield, CA | $46,118,386 | $9,299,624 |
Bellflower-Somerset Mutual Water Company Bellflower, CA | $35,731,555 | $11,058,707 |
La Cumbre Mutual Water Co Santa Barbara, CA | $15,692,771 | $7,727,968 |
Utility Reform Network San Francisco, CA | $8,489,220 | $6,778,643 |
Consolidated Peoples Ditch Company Farmersville, CA | $10,865,739 | $2,504,184 |
Irvine Ranch Water District Water Service Corporation Irvine, CA | $4,965,094 | $10,970,156 |
Sunny Slope Water Company Pasadena, CA | $31,584,980 | $10,112,414 |
Lone Tree Mutual Water Company El Nido, CA | $7,991,525 | $5,694,903 |
Northern California Water Association Sacramento, CA | $3,814,985 | $5,360,961 |
Montebello Land & Water Company Montebello, CA | $27,602,664 | $6,771,352 |
San Antonio Water Company Upland, CA | $32,011,121 | $5,573,902 |