2020-10-07T19:37:11-05:00 2019-12-31 910189318 MOSS ADAMS LLP 805 SW BROADWAY STE 1200 PORTLAND OR 97205 990 2019-01-01 990346113 KAUAI ISLAND UTILITY COOPERATIVE KAUA 8082464300 4463 PAHEE ST STE 1 LIHUE HI 967662000 KARISSA JONAS FINANCIAL VP & CFO 8002468278 2020-09-23 1 WENDY CAMPOS P00448102 5032421447 2020-09-23 73.96.206.44 2020-09-23 14:33:20 PD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 49DBEE6AC883C99C1A3F54F9C66CBC91A259A0F6 2019 2021-04-22 16:20:28Z DAVID BISSELL 4463 PAHEE ST STE 1 LIHUE HI 967662000 156319548 0 X WWW.KIUC.COOP X 1999 HI PROVIDE POWER TO OUR MEMBERS IN A CONSERVATIVE AND SUSTAINABLE MANNER. 9 9 157 0 55277 46329 0 0 162659637 154917476 1967188 2031612 539821 -661392 165166646 156287696 82690 69751 8432528 7225706 2189670 2295549 0 0 0 153396261 146696690 164101149 156287696 1065497 0 352331530 347042029 236672459 226772072 115659071 120269957 X SEE SCHEDULE OTO PROVIDE RELIABLE POWER SAFELY THAT IS FAIRLY AND COMPETITIVELY PRICED, PRACTICE CONSERVATION AND EFFICIENT USE OF ENERGY RESOURCES AND INCREASE SUSTAINABLE POWER SUPPLY AND ENVIRONMENTAL STEWARDSHIP WHILE IMPROVING THE QUALITY OF LIFE FOR MEMBERS AND KAUA'I. 0 0 GENERATED, TRANSMITTED AND DISTRIBUTED ELECTRICITY TO APPROXIMATELY 38,059 ACTIVE SERVICES AT YEAR END ON THE ISLAND OF KAUAI. 0 0 0 0 0 0 0 0 0 1 1 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 113 0 1 157 1 1 1 0 0 0 0 154466637 3790192 0 0 0 X 9 9 0 0 0 0 1 1 0 1 0 0 0 1 1 1 1 1 1 1 0 0 HI X X CORINNE CUARESMA CONTROLLER 8082468212 4463 PAHEE ST STE 1 LIHUE HI 967662000 ALLAN SMITH CHAIRMAN 8.00 1.00 X X 13948 0 0 JAN TENBRUGGENCATE VICE CHAIR 20.00 X X 12534 0 0 CALVIN MURASHIGE SECRETARY 12.00 X X 13677 0 0 PETER YUKIMURA TREASURER 15.00 1.00 X X 17184 0 0 TEOFILO TACBIAN DIRECTOR 15.00 X 19031 0 0 DEE CROWELL DIRECTOR 16.00 4.00 X 15532 0 0 JIM MAYFIELD DIRECTOR 12.00 X 14863 0 0 JANET KASS DIRECTOR 6.00 X 14600 0 0 DAVID IHA DIRECTOR 10.00 X 12046 0 0 DAVID BISSELL CEO 60.00 1.00 X 523999 0 153586 KARISSA JONAS FINANCIAL VP & CFO 55.00 X 274528 0 90940 MICHAEL YAMANE CHIEF OF OPERATIONS 40.00 X 244367 0 183987 CAREY KOIDE T&D MANAGER 50.00 X 223847 0 143854 BRAD ROCKWELL POWER SUPPLY MANAGER 50.00 X 211137 0 59412 MAILE ALFILER MEMBER SERVICES MANAGER 50.00 2.00 X 157266 0 89591 HARLEY ECKERT FINANCIAL PLANNING & STRATEGY MANAGER 50.00 X 221658 0 74819 TOM YAMAMOTO PRIMARY TROUBLEPERSON 40.00 X 211078 0 51816 TIM BRANTNER PRIMARY TROUBLEPERSON 50.00 X 210545 0 37383 PATRICK MALAMA PRIMARY TROUBLEPERSON 50.00 X 202190 0 166726 ELIZABETH UBAY HUMAN RESOURCES & SAFETY MANAGER 50.00 X 196345 0 65590 2810375 0 1117704 89 0 1 0 MCMILLEN LLC 1401 SHORELINE DRIVE SUITE 100 BOISE ID 83702 ENGINEERING SERVICES 2316262 WAALANI ENTERPRISES LLC PO BOX 798 LAWAI HI 96765 GRADING AND EXCAVATING 673638 MORIHARA LAU & FONG LLP 841 BISHOP ST STE 400 HONOLULU HI 96813 LEGAL SERVICES 510972 HALLUX ECOSYSTEM RESTORATION LLC 1544 HALEUKANA ST UNIT 2 LIHUE HI 96766 PREDATOR CONTROL CONSULTANTS 470135 HAWAIIAN ISLAND TECHNOLOGIES LLC 2530 KIPUKA ST KOLOA HI 96756 IT SERVICES 332617 6 ELECTRICITY 221000 154466636 154466636 SERVICE FEES 221000 450840 450840 154917476 2031612 2031612 87129 31852 55277 55277 55277 MISCELLANEOUS SERVICE 900099 637944 637944 PATRONAGE ALLOCATIONS 900099 308383 308383 NET LOSS FROM SUBSIDIA 900099 -1662996 -1662996 -716669 156287696 154200807 55277 2031612 69751 7225706 2295549 96077 5985149 14578745 UNRELATED BUSINESS TAX -3095 POWER COST 88187379 ADMINISTRATIVE 16070722 OTHER TAXES 13076700 8705013 156287696 19559018 15184928 10416829 10254999 15051310 15175034 1420681 1760123 552029779 304563481 245004850 247466298 39291573 32197769 21587269 25002878 352331530 347042029 15959222 18889084 205059695 193767960 15653542 14115028 236672459 226772072 X 533 550 0 0 115658538 120269407 115659071 120269957 352331530 347042029 X 0 124384 4486502 X X 0 1 X 1 0 10193192 10193192 46776975 23420318 23356657 483560905 281143163 202417742 11498707 11498707 247466298 INVESTMENTS IN ASSOCIATED ORGANIZATIONS 1675641 C INVESTMENTS IN SUBSIDIARY COMPANIES 29988504 C RURAL ECONOMIC DEVELOPMENT LOANS 533624 C 32197769 ACCRUED UNBILLED REVENUE 8186977 SPECIAL DEPOSIT 5710 DEFERRED DEBITS 16810191 25002878 DEFERRED CREDITS 11316569 POST RETIREMENT BENEFIT OBLIGATIONS 341773 CUSTOMER DEPOSITS 1413869 ENERGY RATE ADJUSTMENT 239490 OTHER LIABILITY 803327 14115028 X PART X, LINE 2: THE COOPERATIVE IS EXEMPT FROM FEDERAL INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(C)(12) OF THE INTERNAL REVENUE CODE, EXCEPT TO THE EXTENT OF UNRELATED BUSINESS INCOME, IF ANY. THE COOPERATIVE ADOPTED FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC) 740-10, RELATING TO ACCOUNTING FOR UNCERTAIN TAX POSITIONS. AS OF DECEMBER 31, 2019 AND 2018, THE COOPERATIVE DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS. THE COOPERATIVE FILES AN EXEMPT ORGANIZATION AND UNRELATED BUSINESS INCOME TAX RETURN IN THE U.S. FEDERAL JURISDICTION AND THE CORPORATE SUBSIDIARIES FILE A CORPORATE RETURN IN THE U.S. FEDERAL AND STATE OF HAWAII JURISDICTIONS. THE COOPERATIVE IS NOT EXEMPT UNDER HAWAII REVISED STATUTES FROM STATE INCOME TAXES; HOWEVER, MARGINS THAT ARE ALLOCATED WITHIN A SPECIFIC TIME PERIOD ARE CONSIDERED A DEDUCTION FOR STATE INCOME TAX PURPOSES. FOR THE STATE OF HAWAII, THE COOPERATIVE IS ALSO ASSESSED A 5.885% OF GROSS REVENUES PUBLIC SERVICE COMPANY TAX IN LIEU OF GENERAL EXCISE TAXES AND COUNTY REAL PROPERTY TAXES. ALSO, THE COOPERATIVE IS ASSESSED A 0.5% OF GROSS REVENUES PUBLIC UTILITY COMMISSION FEE. FOR THE COUNTY OF KAUA'I, HAWAII, THE COOPERATIVE IS ASSESSED A 2.5% FRANCHISE FEE ON GROSS REVENUES. 1 KAUAI UNITED WAY PO BOX 1087 LIHUE HI 96766 990146288 501(C)(3) 29251 NOT APPLICABLE NOT APPLICABLE CHARITABLE GIVING NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORPORATION 20701 COOPERATIVE WAY DULLES VA 20166 520891669 6543 NOT APPLICABLE NOT APPLICABLE COOPERATIVE SYSTEM INTEGRITY FUND 1 1 PART I, LINE 2: KAUAI UNITED WAY IS A NON-PROFIT, VOLUNTEER-DRIVEN ORGANIZATION, DEDICATED TO SERVING THE SOCIAL NEEDS OF KAUAI SINCE 1943. PARTICIPATING AGENCIES ARE MONITORED THROUGHOUT THE YEAR TO MAKE SURE THAT PROGRAMS CONTINUE TO BE ADMINISTERED EFFICIENTLY AND WITHIN GUIDELINES. THE COOPERATIVE RELIES ON THE DONEE ORGANIZATIONS TO USE THE FUNDS AS INTENDED BY THE COOPERATIVE. X X X X 0 0 0 DAVID BISSELL CEO 494837 0 0 0 29162 0 131930 0 21656 0 677585 0 0 0 KARISSA JONAS FINANCIAL VP & CFO 253833 0 20000 0 695 0 70026 0 20914 0 365468 0 0 0 MICHAEL YAMANE CHIEF OF OPERATIONS 201367 0 39794 0 3206 0 161343 0 22644 0 428354 0 0 0 CAREY KOIDE T&D MANAGER 185021 0 36163 0 2663 0 135069 0 8785 0 367701 0 0 0 BRAD ROCKWELL POWER SUPPLY MANAGER 175877 0 33613 0 1647 0 38547 0 20865 0 270549 0 0 0 MAILE ALFILER MEMBER SERVICES MANAGER 130830 0 26038 0 398 0 67726 0 21865 0 246857 0 0 0 HARLEY ECKERT FINANCIAL PLANNING & STRATEGY MANAGE 183628 0 36036 0 1994 0 53905 0 20914 0 296477 0 0 0 TOM YAMAMOTO PRIMARY TROUBLEPERSON 210217 0 0 0 861 0 30951 0 20865 0 262894 0 0 0 TIM BRANTNER PRIMARY TROUBLEPERSON 210363 0 0 0 182 0 15718 0 21665 0 247928 0 0 0 PATRICK MALAMA PRIMARY TROUBLEPERSON 201331 0 0 0 859 0 143753 0 22973 0 368916 0 0 0 ELIZABETH UBAY HUMAN RESOURCES & SAFETY MANAGER 163237 0 32413 0 695 0 42131 0 23459 0 261935 0 0 0 SCHEDULE J, PART II, COLUMN C INCLUDED IN PART II, COLUMN C IS THE CHANGE IN ACTUARIAL VALUE FOR THE DEFINED BENEFIT PLAN RATHER THAN THE ACTUAL EXPENSE OF THE COOPERATIVE FOR THIS PLAN, AS FOLLOWS: DAVID BISSELL: REPORTED CHANGE - $122,410 ACTUAL EXPENSE - $69,916 KARISSA JONAS: REPORTED CHANGE - $60,506 ACTUAL EXPENSE - $62,628 MICHAEL YAMANE: REPORTED CHANGE - $153,095 ACTUAL EXPENSE - $84,575 CAREY KOIDE: REPORTED CHANGE - $127,574 ACTUAL EXPENSE - $76,858 BRAD ROCKWELL: REPORTED CHANGE - $31,389 ACTUAL EXPENSE - $46,025 MAILE ALFILER: REPORTED CHANGE - $62,330 ACTUAL EXPENSE - $22,923 HARLEY ECKERT JR.: REPORTED CHANGE - $53,905 ACTUAL EXPENSE - $45,829 ELIZABETH UBAY: REPORTED CHANGE - $35,375 ACTUAL EXPENSE - $41,459 TOM YAMAMOTO: REPORTED CHANGE - $22,419 ACTUAL EXPENSE - $21,712 PATRICK MALAMA: REPORTED CHANGE - $135,492 ACTUAL EXPENSE - $58,819 TIMOTHY BRANTNER: REPORTED CHANGE - $7,148 ACTUAL EXPENSE - $21,712 FORM 990, PART VI, SECTION A, LINE 6 KIUC HAS APPROXIMATELY 26,053 MEMBERS. THE MEMBERSHIP FEE IS $.01 PER MEMBER. FORM 990, PART VI, SECTION A, LINE 7A EACH DIRECTOR IS ELECTED TO A 3 YEAR TERM. THE 9 DIRECTOR'S TERMS ARE STAGGERED SUCH THAT EACH YEAR 3 DIRECTOR SEATS ARE UP FOR ELECTION. EACH CURRENT MEMBER IS ENTITLED TO CAST A BALLOT AND VOTE FOR 3 DIRECTORS TO FILL THE 3 VACANT SEATS, REGARDLESS OF THEIR BILLING AMOUNT. FORM 990, PART VI, SECTION A, LINE 8B THE COOPERATIVE DOES NOT HAVE COMMITTEES WITH BOARD AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B 1) AFTER THE COMPLETED FORM 990 IS RECEIVED FROM THE TAX PREPARER, THE CONTROLLER WILL PERFORM A DETAILED REVIEW OF THE FORM 990, INCLUDING VERIFYING THE FIGURES TO THE BOOKS OF RECORD. 2) THE CFO WILL PERFORM A MORE GENERAL REVIEW OF THE FORM 990 FOR REASONABLENESS. 3) THE FORM 990 WILL BE MADE AVAILABLE TO THE BOARD OF DIRECTORS FOR THEIR INDIVIDUAL REVIEW. IF THE DIRECTORS HAVE ANY QUESTIONS ABOUT THE FORM 990, THE CFO WILL MEET WITH THEM TO ANSWER THEIR QUESTIONS. 4) THE FORM 990 WILL BE FILED WITH THE IRS FOLLOWING THIS PROCESS. FORM 990, PART VI, SECTION B, LINE 12C ANY DIRECTOR, OFFICER OR MEMBER OF A COMMITTEE WITH BOARD-DELEGATED POWERS WHO HAS A DIRECT OR INDIRECT FINANCIAL INTEREST IS COVERED BY THIS POLICY. 1) THE BOARD OF DIRECTORS DETERMINES WHETHER A CONFLICT EXISTS. 2) THE BOARD OF DIRECTORS REVIEWS ACTUAL CONFLICTS. 3) ANY PERSON COVERED BY THIS POLICY WHO IS DEEMED TO HAVE A CONFLICT OF INTEREST IS PROHIBITED FROM PARTICIPATING IN THE BOARD'S DELIBERATIONS AND DECISION IN THE TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15A ALL NON-BARGAINING UNIT [NBU] EMPLOYEES' SALARIES ARE DETERMINED IN ACCORDANCE WITH NRECA'S COMPENSATE SALARY PLAN. IN ADDITION, THE BOARD CONSULTS WITH NRECA COMPENSATION CONSULTANTS REGARDING THE CEO'S COMPENSATION. THIS PROCESS IS UNDERTAKEN ANNUALLY. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION MAKES ITS 990 AVAILABLE TO THE PUBLIC ON ITS WEBSITE AND UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS BYLAWS, CONFLICT OF INTEREST POLICY, AND AUDITED FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC ON THEIR WEBSITE AND UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN OTHER EQUITY 120,728. CHANGE IN MEMBERSHIPS 17. RETIREMENT OF CAPITAL CREDITS -2,859,949. PATRONAGE NET MARGIN 7,225,706. FORM 990, PART XII, LINE 2C: THERE WERE NO CHANGES IN PROCEDURE FROM THE PRIOR YEAR. 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