2014-11-06T17:05:55-06:00 2013-12-31 910189318 MOSS ADAMS LLP 805 SW BROADWAY STE 1200 PORTLAND OR 97205 990 2013-01-01 990346113 KAUAI ISLAND UTILITY COOPERATIVE KAUA 8082464300 4463 PAHEE STREET SUITE 1 LIHUE KAUAI HI 967662000 KARISSA JONAS FINANCIAL VP & CFO 8002468278 2014-10-30 1 WENDY CAMPOS P00448102 5032421447 2013 2015-11-30 17:44:51Z DAVID BISSELL 4463 PAHEE STREET SUITE 1 LIHUE KAUAI HI 967662000 185980388 0 X WWW.KIUC.COOP X 1999 HI TO 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. 9 9 170 0 37513 32308 0 0 188451736 184714287 778608 840696 40843 385569 189271187 185940552 103249 123945 0 2177147 1805962 1890217 0 0 0 176271133 174772335 178180344 178963644 11090843 6976908 315124007 326862040 236577803 241572563 78546204 85289477 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 36,700 ACTIVE SERVICES AT YEAR END ON THE ISLAND OF KAUAI. 0 0 0 0 0 0 0 0 0 1 0 0 0 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 1 1 1 1 0 1 116 0 1 170 1 1 1 0 0 0 0 184472903 1593177 0 X 9 9 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 HI X X KARISSA JONAS FINANCIAL VP & CFO 8082468278 4463 PAHEE STREET SUITE 1 LIHUE KAUAI HI 967662000 ALLAN SMITH CHAIRMAN (APR-DEC 2013) 15.00 X X 16723 0 0 TEOFILO TACBIAN DIRECTOR (CHAIRMAN JAN-MAR 2013) 5.00 X X 19181 0 0 JAN TENBRUGGENCATE VICE CHAIR 20.00 X X 11283 0 0 DAVID IHA SECRETARY 12.00 X X 16513 0 0 PETER YUKIMURA TREASURER 15.00 X X 16908 0 0 CAROL BAIN DIRECTOR 15.00 X 12752 0 0 KAREN BALDWIN DIRECTOR 12.00 X 15434 0 0 CALVIN MURASHIGE DIRECTOR 12.00 X 12522 0 0 PATRICK GEGEN DIRECTOR 18.00 X 16054 0 0 DAVID BISSELL CEO 60.00 X 355763 0 77514 KARISSA JONAS FINANCIAL VP & CFO 60.00 X 215382 0 57897 MICHAEL YAMANE CHIEF OF OPERATIONS 40.00 X 206414 0 110219 BRAD ROCKWELL POWER SUPPLY MANAGER 40.00 X 177727 0 44294 BARBARA NAGAMINE MEMBER SERVICES MANAGER 50.00 X 168445 0 128082 CAREY KOIDE T&D MANAGER 60.00 X 189068 0 82813 CURRAN CHANG PRIMARY TROUBLEPERSON 50.00 X 152571 0 34948 RICHARD VETTER PORT ALLEN STATION MANAGER 55.00 X 151693 0 45014 TIMOTHY BRANTNER PRIMARY TROUBLEPERSON 50.00 X 149612 0 26411 TOM YAMAMOTO PRIMARY TROUBLEPERSON 50.00 X 154159 0 33353 RANDY KOZERSKI CONTROLLER 45.00 X 169459 0 31133 2227663 0 671678 69 0 1 0 WAALANI ENTERPRISES LLC PO BOX 798 LAWAI HI 96765 GRADING AND EXCAVATING 663943 MORIHARA LAU & FONG LLP 841 BISHOP ST STE 400 HONOLULU HI 96813 LEGAL SERVICES 591468 SUTHERLAND ASBILL & BRENNAN LLP 999 PEACHTREE STREET NE ATLANTA GA 30309 LEGAL SERVICES 362224 SAIC ENERGY ENVIRONMENT & INFRASTRUCTUR BOX 223563 PITTSBURGH PA 15251 CONSULTING 343710 TORKILDSON KATZ FONSECA JAFFE MOORE & HE 700 BISHOP ST 15TH FL HONOLULU HI 96813 LEGAL SERVICES 306011 9 ELECTRICITY 221000 184472903 184472903 SERVICE FEES 221000 241384 241384 184714287 840696 840696 77349 39836 37513 37513 37513 MISCELLANEOUS SERVICE 221000 278044 278044 PATRONAGE ALLOCATIONS 221000 70012 70012 348056 185940552 185062343 37513 840696 123945 2177147 1890217 67832 8185318 13850874 POWER COST 115338249 UNRELATED BUSINESS TAX 1960 OTHER TAXES 15538986 ADMINISTRATIVE 13813109 7976007 178963644 3761853 7815127 13867571 13221074 14788423 15377024 1206207 1223865 507750047 245585999 255450443 262164048 9553570 11443204 16495940 15617698 315124007 326862040 18739474 21514241 202218916 205571318 15619413 14487004 236577803 241572563 X 433 451 0 0 78545771 85289026 78546204 85289477 315124007 326862040 X 6976908 383100 -616735 X X 0 1 X 1 1 1 10166752 10166752 30819449 19112827 11706622 449217576 226473172 222744404 17546270 17546270 262164048 OTHER CURRENT LIABILITIES 117380 CONSUMER DEPOSITS 1281238 POST RETIREMENTS BENEFIT OBLIGATIONS 1602600 REGULATORY LIABILITIES 8142661 CUSTOMER ADVANCES ON CONSTRUCTION 2112830 ECONOMIC DEVELOPMENT 1230295 14487004 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, 2013 AND 2012, THE COOPERATIVE DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS. THE COOPERATIVE FILES AN EXEMPT ORGANIZATION RETURN IN THE U.S. FEDERAL JURISDICTION AND IS NO LONGER SUBJECT TO EXAMINATION BY TAXING AUTHORITIES BEFORE 2010. 1 HUI MALAMA O KOLOA PO BOX 96 KOLOA HI 96756 273547499 501(C)(3) 50000 NOT APPLICABLE NOT APPLICABLE CHARITABLE GIVING NRECA INTERNATIONAL FOUNDATION PO BOX 758777 BALTIMORE MD 212758777 521409279 501(C)(3) 15000 NOT APPLICABLE NOT APPLICABLE CHARITABLE GIVING KAUAI ECONOMIC DEVELOPMENT BOARD 4290 RICE STREET LIHUE HI 96766 990231581 501(C)(3) 5000 NOT APPLICABLE NOT APPLICABLE CHARITABLE GIVING KIUC CHARITABLE FOUNDATION 4463 PAHEE STREET SUITE 1 LIHUE HI 967662000 510592268 501(C)(3) 16655 NOT APPLICABLE NOT APPLICABLE RELATED EXEMPT OPERATIONS 4 0 PART I, LINE 2: GRANTS ARE APPROVED BY MANAGEMENT. 1 X X X 0 0 0 DAVID BISSELL CEO 330535 0 0 0 25228 0 56806 0 20708 0 433277 0 0 0 KARISSA JONAS FINANCIAL VP & CFO 194928 0 20000 0 454 0 39653 0 18244 0 273279 0 0 0 MICHAEL YAMANE CHIEF OF OPERATIONS 167567 0 31708 0 7139 0 91175 0 19044 0 316633 0 0 0 BRAD ROCKWELL POWER SUPPLY MANAGER 148535 0 28171 0 1021 0 26094 0 18200 0 222021 0 0 0 BARBARA NAGAMINE MEMBER SERVICES MANAGER 140039 0 26558 0 1848 0 113209 0 14873 0 296527 0 0 0 CAREY KOIDE T&D MANAGER 156476 0 29363 0 3229 0 75522 0 7291 0 271881 0 0 0 CURRAN CHANG PRIMARY TROUBLEPERSON 152351 0 0 0 220 0 16748 0 18200 0 187519 0 0 0 RICHARD VETTER PORT ALLEN STATION MANAGER 132635 0 17969 0 1089 0 26814 0 18200 0 196707 0 0 0 TIMOTHY BRANTNER PRIMARY TROUBLEPERSON 149494 0 0 0 118 0 7311 0 19100 0 176023 0 0 0 TOM YAMAMOTO PRIMARY TROUBLEPERSON 153939 0 0 0 220 0 15153 0 18200 0 187512 0 0 0 RANDY KOZERSKI CONTROLLER 159122 0 10000 0 337 0 17392 0 13741 0 200592 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 KIUC HAS APPROXIMATELY 45,100 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 B, LINE 11 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. 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 15 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. 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 42,477. CHANGE IN MEMBERSHIPS 17. RETIREMENT OF CAPITAL CREDITS -2,836,376. PATRONAGE NET MARGIN 2,177,147. FORM 990, PART XII, LINE 2C: THERE WERE NO CHANGES IN PROCEDURE FROM THE PRIOR YEAR. KIUC RENEWABLE SOLUTIONS TWO LLC 4463 PAHEE STREET SUITE 1 LIHUE HI 967662000 461502179 SOLAR POWER GENERATION DE -2764 8759433 KIUC RENEWABLE SOLUTIONS TWO HOLDINGS LLC KIUC RENEWABLE SOLUTIONS TWO HOLDINGS LLC 4463 PAHEE STREET SUITE 1 LIHUE HI 967662000 463410355 HOLDING COMPANY FOR SOLAR POWER GENERATION DE -98 0 KAUAI ISLAND UTILITY COOPERATIVE KIUC CHARITABLE FOUNDATION 4463 PAHEE STREET SUITE 1 LIHUE HI 967662000 510592268 FOUNDATION HI 501(C)(3) LINE 7 KAUAI ISLAND UTILITY COOPERATIVE 1 KIUC RENEWABLE SOLUTIONS ONE LLC 4463 PAHEE STREET SUITE 1 LIHUE HI 967662000 453822840 SOLAR POWER GENERATION DE KAUAI ISLAND UTILITY COOPERATIVE C 218572 9820107 1.00000 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 KIUC RENEWABLE SOLUTIONS ONE LLC A 247977 ACTUAL AMOUNT TRANSFERRED