HAWAII ECONOMIC DEVELOPMENT CORPORATION

Address
222 S VINEYARD STREET NO PH-1
HONOLULU, HI 968132445
Contact
Phone: +1 (808) 521-6502
Nonprofit
NTEE: S30 - Economic Development
EIN: 99-0143650

Mission

TO PROVIDE FINANCIAL AND TECHNICAL ASSISTANCE TO THE SMALL BUSINESS COMMUNITY THROUGH FEDERAL AND STATE PROGRAMS.
 20172016201520142013
Basic features of the organization
Year of formation1970
Subsection code04
PF filing required0    
Metropolitan statistical area3320
Form of organization
CorporationTrue
Human resources, including compensation
Summary compensation info
Sum of reportable (W2/1099) compensation$0.00$0.00$0.00$0.00$0.00
Number of employees44445
Number of people compensated >$100k00000
Number of volunteers00000
Number of highly compensated contractors0000 
Personnel
Coy, Michael
Title(FORMER)DIRECTORDIRECTORDIRECTORDIRECTORDIRECTOR
Name of key/compensated personMICHAEL COYMICHAEL COYMICHAEL COYMICHAEL COYMICHAEL COY
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org0.500.500.500.500.50
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Harbottle, Gerald
Title(FORMER)VICE PRESIDENT/DIRECTORVICE PRESIDENT/DIRECTORVICE PRESIDENT/DIRECTORVICE PRESIDENT/DIRECTORVICE PRESIDENT/DIRECTOR
Name of key/compensated personGERALD HARBOTTLEGERALD HARBOTTLEGERALD HARBOTTLEGERALD HARBOTTLEGERALD HARBOTTLE
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org0.500.500.500.500.50
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Ishii, Larry
TitleVICE PRESIDENT/DIRECTOR (AS OF 1/27/17)    
Name of key/compensated personLARRY ISHII    
Position of compensated person
Current individual trustee or directorTrue    
Average hours per week working for org0.50    
Reportable compensation from org$0.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Kanzaki, Clayton
TitleTREASURER/DIRECTOR (AS OF 1/27/17)    
Name of key/compensated personCLAYTON KANZAKI    
Position of compensated person
Current individual trustee or directorTrue    
Average hours per week working for org0.50    
Reportable compensation from org$0.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Lu, Randy
TitleSECRETARY/DIRECTOR (AS OF 1/27/17)    
Name of key/compensated personRANDY LU    
Position of compensated person
Current individual trustee or directorTrue    
Average hours per week working for org0.50    
Reportable compensation from org$0.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Yim, Walter
Title(FORMER)SECRETARY/TREASURER/DIR.SECRETARY/TREASURER/DIR.SECRETARY/TREASURER/DIR.SECRETARY/TREASURER/DIR.SECRETARY/TREASURER/DIR.
Name of key/compensated personWALTER YIMWALTER YIMWALTER YIMWALTER YIMWALTER YIM
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org0.500.500.500.500.50
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Purpose: mission, activities, & accomplishments
Mission or significant activitiesTO PROVIDE FINANCIAL AND TECHNICAL ASSISTANCE TO THE SMALL BUSINESS COMMUNITY THROUGH FEDERAL AND STATE PROGRAMS.TO PROVIDE FINANCIAL AND TECHNICAL ASSISTANCE TO THE SMALL BUSINESS COMMUNITY THROUGH FEDERAL AND STATE PROGRAMS.TO PROVIDE FINANCIAL AND TECHNICAL ASSISTANCE TO THE SMALL BUSINESS COMMUNITY THROUGH FEDERAL AND STATE PROGRAMS.TO PROVIDE FINANCIAL AND TECHNICAL ASSISTANCE TO THE SMALL BUSINESS COMMUNITY THROUGH FEDERAL AND STATE PROGRAMS.TO PROVIDE FINANCIAL AND TECHNICAL ASSISTANCE TO THE SMALL BUSINESS COMMUNITY THROUGH FEDERAL AND STATE PROGRAMS.
Program service expenses, total$15,261.00$18,155.00$11,764.00$14,049.00$13,079.00
Programs, including revenue & expenses
PROVIDES THE SMALL BUSINESS COMMUNITY WITH FINANCIAL AND TECHNICAL ASSISTANCE THROUGH THE ADMINISTRATION OF VARIOUS FEDERAL AND STATE PROGRAMS.
Program expenses$15,261.00$18,155.00$11,764.00$14,049.00$13,079.00
Program descriptionPROVIDES THE SMALL BUSINESS COMMUNITY WITH FINANCIAL AND TECHNICAL ASSISTANCE THROUGH THE ADMINISTRATION OF VARIOUS FEDERAL AND STATE PROGRAMS.PROVIDES THE SMALL BUSINESS COMMUNITY WITH FINANCIAL AND TECHNICAL ASSISTANCE THROUGH THE ADMINISTRATION OF VARIOUS FEDERAL AND STATE PROGRAMS.PROVIDES THE SMALL BUSINESS COMMUNITY WITH FINANCIAL AND TECHNICAL ASSISTANCE THROUGH THE ADMINISTRATION OF VARIOUS FEDERAL AND STATE PROGRAMS.PROVIDES THE SMALL BUSINESS COMMUNITY WITH FINANCIAL AND TECHNICAL ASSISTANCE THROUGH THE ADMINISTRATION OF VARIOUS FEDERAL AND STATE PROGRAMS.PROVIDES THE SMALL BUSINESS COMMUNITY WITH FINANCIAL AND TECHNICAL ASSISTANCE THROUGH THE ADMINISTRATION OF VARIOUS FEDERAL AND STATE PROGRAMS.
Financial data
Revenue
Total revenue$4,279.00$11,687.00$13,888.00$11,517.00$13,403.00
Revenue from contributions (total)  $0.00$0.00$0.00
Investment income, current yr$16.00$17.00$17.00$16.00$16.00
Total revenue from grants, etc., current yr$0.00$0.00$0.00$0.00$0.00
Total unrelated business revenue$0.00$0.00$0.00$0.00$0.00
Other revenue, current yr$4,263.00$11,670.00$13,871.00$11,501.00$13,387.00
Net unrelated business taxable revenue$0.00$0.00$0.00$0.00$0.00
Program service revenue (total)  $0.00$0.00$0.00
Gross receipts$45,889.00$45,890.00$45,890.00$45,889.00$45,889.00
Other types of revenue
Income from dividends, interest, and similar investments$16.00$17.00$17.00$16.00$16.00
Net rental income$4,263.00$11,670.00$13,871.00$11,501.00$13,387.00
Expense categories (totals)
Total functional expenses: sum of all$15,261.00$18,155.00$11,764.00$14,049.00$13,079.00
Total functional expenses: program service $15,261.00$18,155.00$11,764.00$14,049.00$13,079.00
Total functional expenses: management and general$0.00$0.00$0.00$0.00$0.00
Total functional expenses: fundraising$0.00$0.00$0.00$0.00$0.00
Fees for services
Fundraising service fees (total)$0.00$0.00$0.00$0.00$0.00
Assets and liabilities
Total assets$2,268,513.00$2,279,495.00$2,285,963.00$2,283,839.00$2,286,371.00
Total assets, beginning of year$2,279,495.00$2,285,963.00$2,283,839.00$2,286,371.00$2,286,047.00
Total liabilities$0.00$0.00$0.00$0.00$0.00
Total liabilities, beginning of year$0.00$0.00$0.00$0.00$0.00
Net assets$2,268,513.00$2,279,495.00$2,285,963.00$2,283,839.00$2,286,371.00
Net assets, beginning of year$2,279,495.00$2,285,963.00$2,283,839.00$2,286,371.00$2,286,047.00
Investments: other securities$2,000,000.00$2,000,000.00$2,000,000.00$2,000,000.00$2,000,000.00
Other financial variables
Revenue less expenses-$10,982.00-$6,468.00$2,124.00-$2,532.00$324.00
Savings & temp cash investment$172,725.00$178,019.00$178,800.00$170,899.00$167,529.00
Total net assets or fund balances$2,268,513.00$2,279,495.00$2,285,963.00$2,283,839.00$2,286,371.00
Governance and accountability
Number of voting members33333
Number of independent voting members33333
Financial sheets auditedTrueTrueTrueTrueTrue
Audit on consolidated basisTrueTrueTrueTrueTrue
Accrual accountingTrueTrueTrueTrueTrue
Tax year start date2016-07-012015-07-012014-07-012013-07-012012-07-01
Tax year end date2017-06-012016-06-012015-06-012014-06-012013-06-01
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990990990990990
Date e-filing submitted2017-11-092017-07-112016-04-062015-03-032014-06-30
IRS schema version2016v3.02015v3.02014v6.02013v4.02012v2.1
Filing identifier201702709349301020201720189349301157201600409349301010201530449349303068201401299349302040
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