Hawaii Island Economic Development Board Inc
- Assets
- $91.9k
- Revenue
- $113.1k
- Investments
- $0.0
- Employees
- 1
- Location
- Kamuela, HI
- Founding
- 06/1984
- Data as of
- 09/2021
- EIN
- 99-0227270
Organization Overview
Hawaii Island Economic Development Board Inc is located in Kamuela, HI. The organization was established in 1984. According to its NTEE Classification (I83) the organization is classified as: Public Interest Law, under the broad grouping of Crime & Legal-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hawaii Island Economic Development Board 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 09/2021, Hawaii Island Economic Development Board Inc generated $113.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (7.3%) each year. All expenses for the organization totaled $93.4k during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (7.9%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AND PROMOTE PRIVATE SECTOR SUPPORT AND EXPERTISE FOR BALANCED GROWTH IN HAWAI"I COUNTY IN PARTNERSHIP WITH FEDERAL, STATE, COUNTY AND PRIVATE RESOURCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FY2019-20 MAJOR PROGRAM 1 EDAH - ALOHA CONNECTS INNOVATIONTO ADDRESS THE MAJOR ECONOMIC DOWNTURN, MASSIVE UNEMPLOYMENT, AND HIGH RATE OF BUSINESS FAILURES RESULTING FROM THE SUFFERING CREATED BY COVID-19, THE ALOHA CONNECTS INNOVATION (ACI) PROGRAM WAS LAUNCHED TO NURTURE AND GROW KNOWLEDGE-BASED WORK OPPORTUNITIES IN HAWAII AND FUEL THE EMERGING INDUSTRIES AND INNOVATION SECTORS.DURING THE PROGRAM PERIOD BEGINNING IN SEPTEMBER AND EXTENDING TO DECEMBER 15, 2020, HIEDB SERVED AS A FACILITATOR OF ACI. AS FACILITATOR, HIEDB RECRUITED AND ENROLLED HOST COMPANIES, AND ASSISTED WITH MATCHING JOB SEEKERS AND INDIVIDUAL PARTICIPANTS WITH HOST COMPANIES AND ENSURED MONITORING AND REPORTING REQUIREMENTS OF ACI WERE MET. TOTAL REVENUE: $53,000 TOTAL EXPENSES: $ 7,373
FY2019-20 MAJOR PROGRAM 2: TMT OUTREACH SUPPOTHE HIEDB CONTINUED ITS WORK WITH THE THIRTY METER TELESCOPE (TMT) STAFF AND HELPED IN THEIR EFFORTS TO DO COMMUNITY OUTREACH THROUGH COORDINATION, FACILITATION, INVITATIONS, EMAILS, TELCOMS - INCLUDING SECURING PANELISTS FOR THE NATIVE HAWAIIAN PERSPECTIVES WEBINAR SERIES. TOTAL REVENUE: $6,787 TOTAL EXPENSES: $3,201
FY2019-20 MAJOR PROGRAM 3: 36TH SPACE SYMPOSIUMTHE SPACE SYMPOSIUM HAS BROUGHT TOGETHER SPACE LEADERS FROM AROUND THE WORLD TO DISCUSS, ADDRESS AND PLAN FOR THE FUTURE OF SPACE AND HAS BECOME THE FORUM FOR INFORMATION ON ALL SECTORS OF SPACE. IN RECOGNITION OF THE MAGNITUDE OF PROJECT OPPORTUNITIES IN ASTRONOMY, AVIATION, AND AEROSPACE INITIATIVES ON HAWAI`I ISLAND, HAWAI`I ISLAND ECONOMIC DEVELOPMENT BOARD (HIEDB) HAS PARTICIPATED IN AND CO-SPONSORED THE HAWAI`I EXHIBIT AT THE 36TH SPACE SYMPOSIUM HELD IN COLORADO SPRINGS, COLORADO FROM AUGUST 23-26, 202. ONE OF THE OUTCOMES OF PARTICIPATION INCLUDES HIEDB HELPING TO FOUND A HAWAII AEROSPACE AND ASTRONOMY COALITION. TOTAL REVENUE: TOTAL EXPENSES: 6440
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jacqui Hoover Exec Dir/chief Operations | Officer | 20 | $46,730 |
Nahua Guilloz Chair | OfficerTrustee | 5 | $0 |
Michael Kaleikini Secretary | OfficerTrustee | 5 | $0 |
Richard Henderson Director | Trustee | 5 | $0 |
James Takamine Director | Trustee | 5 | $0 |
Greg Chun Acting Treasurer | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $52,750 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $52,750 |
| Total Program Service Revenue | $60,376 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $113,126 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $50,000 |
| Compensation of current officers, directors, key employees. | $39,749 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,521 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,704 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,000 |
| Advertising and promotion | $0 |
| Office expenses | $6,131 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,382 |
| Travel | $5,033 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $20 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,418 |
| All other expenses | -$40 |
| Total functional expenses | $93,358 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $82,902 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,987 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $995 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $91,884 |
| Accounts payable and accrued expenses | $4,325 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $45,121 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $49,446 |
| Net assets without donor restrictions | $42,438 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $91,884 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Hawaii Island Economic Development Board Inc has recieved totaling $31,512.
| Awarding Organization | Amount |
|---|---|
Tmt International Observatory Llc Pasadena, CA PURPOSE: COMMUNITY SUPPORT | $31,512 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Greater Bakersfield Legal Assistance Inc Bakersfield, CA | $4,514,322 | $4,945,867 |
Public Advocates Inc San Francisco, CA | $14,730,594 | $6,889,108 |
Center For Justice & Accountability San Francisco, CA | $3,129,801 | $2,221,867 |
Public Service Law Corporation Of The Riverside County Bar Associati Riverside, CA | $703,964 | $1,063,504 |
Center On Race Poverty & Environment Delano, CA | $5,129,522 | $3,032,046 |
Environmental Defense Center Santa Barbara, CA | $6,540,400 | $2,251,318 |
Asociacion Interamericana Para La Defensa Del Ambiente San Francisco, CA | $3,157,837 | $2,398,975 |
Initiate Justice Los Angeles, CA | $1,292,429 | $1,565,300 |
Public Interest Law Project Oakland, CA | $3,594,710 | $2,611,228 |
East Yard Communities For Environmental Justice Los Angeles, CA | $2,877,869 | $2,472,834 |
Legal Access Alameda San Francisco, CA | $1,284,283 | $1,189,104 |
Advocates For Faith & Freedom Inc Murrieta, CA | $445,658 | $1,025,321 |