Kauai Economic Development Board

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 990231581 ✦ Lihue, HI ✦ Designated as a 501(c)(3)

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Overview

What is Kauai Economic Development Board?

The Kauai Economic Development Board is a nonprofit organization with a primary mission to foster collaborative partnerships between public, private, non-profit, and community sectors. Located in Lihue, Hawaii, their main objective is to encourage education and workforce development, stimulate economic growth on the island of Kauai, and ultimately contribute to a robust local economy. To achieve these goals, the Board awards grants for designing and executing programs and projects. With a small team of three dedicated individuals, they work tirelessly to create innovative, impactful solutions that benefit the community.


Official website here: www.kedb.com

What are the reviews and ratings of this charity?

Charity Navigator Rating: 81%, Three-Star out of Four Star rating. This rating indicates that the Kauai Economic Development Board has a solid level of accountability and financial health, which is crucial for assessing the organization's reliability and potential impact. The high score reflects a strong commitment to transparency and responsible management of resources.

The organization excels in several key areas, including having a fully independent board, a clear conflict of interest policy, and effective measures for asset management. The program expense ratio of 82.20% suggests that a significant portion of its budget is allocated directly to its programs, demonstrating a focus on mission-related activities. Additionally, the board's governance practices, such as maintaining thorough documentation and meeting minutes, further contribute to the organization's credibility.

However, while the score is favorable, it is crucial to consider that it is derived from a single beacon score, focusing solely on accountability and finance. This means that other aspects of the organization, such as program effectiveness and community impact, are not reflected in the rating. Overall, the Kauai Economic Development Board shows strong financial management, but stakeholders may want to explore additional information regarding its program outcomes and community engagement.


This AI summary has been generated from information found on Charity Navigator.

Is Kauai Economic Development Board legitimate?

Kauai Economic Development Board is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kauai Economic Development Board submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $119,940

For more financial information, click here


Official website here: www.kedb.com

What is the mission statement of Kauai Economic Development Board?

The Kauai Economic Development Board's mission is to foster innovative and productive collaborations between various sectors, including public, private, non-profit, and community organizations. Their primary goal is to collectively work towards achieving a robust economy. They achieve this by leveraging grants to design and implement programs and projects that promote education, workforce development, and stimulate economic growth on Kauai.


Official website here: www.kedb.com

Who is the CEO of Kauai Economic Development Board?

Jaclyn Kaina is the Director At Large/Chair of Kauai Economic Development Board.


Official website here: www.kedb.com

What is the revenue of Kauai Economic Development Board?

Kauai Economic Development Board's revenue in 2022 was $960,497.


Official website here: www.kedb.com

Who are the executives of Kauai Economic Development Board and what are their salaries?

The average compensation at Kauai Economic Development Board during 2022 was $39,980. There are 3 employees and 9 volunteers at Kauai Economic Development Board.


Here are 9 key members and their salaries:


Laurie Yoshida (Director At Large/Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Fred Cowell (Director/Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Leland Kahawai (Director/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Patrick Ono (Director/Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jason Bryant (Director At Large/Science And Tech Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sue Kanoho (Director/Membership Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sam Pratt (Director/Property Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jonathan Chun (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ann Sokei (Director/Education Committ)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.kedb.com

Where can I find the form 990 for Kauai Economic Development Board?

Kauai Economic Development Board's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.kedb.com

Learn more at the official website: www.kedb.com

Mission Statement of Kauai Economic Development Board

Kauai Economic Development Board, a non-profit organization, aims to foster innovative and productive collaborations among public, private, non-profit, and various community sectors. Their primary objective is to collectively achieve shared goals that contribute to a robust and thriving economy. By establishing these collaborative partnerships, they strive to design and execute programs and projects that promote education, workforce development, and stimulate economic growth on Kauai.

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Impact




July, 2024

The Kauai Economic Development Board's impact can be seen in its efforts to develop innovative and effective partnerships with various sectors to achieve shared goals for a strong economy on the island of Kauai. Through their focus on education, workforce development, and economic stimulation, the organization plays a key role in supporting the growth and sustainability of businesses and communities in Kauai. Their work not only benefits the local economy but also contributes to overall community improvement in the region.




This information is meant to be a general summary of Kauai Economic Development Board. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$960,497 (2022)
Expenses
$947,015 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $84
  • Gross Receipts: $1,271,801

Assets and Liabilities:

  • Total Assets: $1,465,906
  • Total Liabilities: $65,513
  • Net Assets: $1,400,393

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Organization Details

Founding Year

1984

Principal Officer

Jaclyn Kaina

Main Address

PO BOX 3921, LIHUE, HI, 96766

NTEE Category

Code: S30 - Community improvement

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