2013-11-08T12:15:22-06:00 2012-12-31 910189318 MOSS ADAMS LLP 805 SW BROADWAY 1200 PORTLAND OR 97205 990 2012-01-01 990346113 KAUAI ISLAND UTILITY COOPERATIVE KAUA 8082464300 4463 PAHEE STREET SUITE 1 LIHUE KAUAI HI 967662000 KARISSA JONAS 8002468278 2013-11-05 1 WENDY CAMPOS P00448102 5032421447 2012 2016-02-25 16:41:14Z DAVID BISSELL 4463 PAHEE STREET SUITE 1 LIHUE KAUAI HI 967662000 189314185 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 9 179 0 28855 25069 0 0 182579398 188451736 559540 778608 193374 40843 183332312 189271187 86208 103249 0 0 2028185 1805962 0 0 0 171561047 176271133 173675440 178180344 9656872 11090843 299191029 315124007 229843544 236577803 69347485 78546204 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 36,500 ACTIVE SERVICES AT YEAR END ON THE ISLAND OF KAUAI. 0 0 0 0 0 0 0 0 0 1 0 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 1 119 0 1 179 1 1 1 0 0 0 0 188298557 1335920 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 RANDY KOZERSKI CONTROLLER 8082468279 4463 PAHEE STREET SUITE 1 LIHUE KAUAI HI 967662000 TEOFILO TACBIAN 20.00 X X 18996 0 0 STEVE RAPOZO 20.00 X X 5172 0 0 ALLAN SMITH 19.00 X X 13204 0 0 DAVID IHA 13.00 X X 18514 0 0 STEWART BURLEY 15.00 X 3782 0 0 CAROL BAIN 25.00 X 15844 0 0 PETER YUKIMURA 15.00 X 18896 0 0 KAREN BALDWIN 15.00 X 12699 0 0 JAN TENBRUGGENCATE 20.00 X X 17095 0 0 CALVIN MURASHIGE 10.00 X 12904 0 0 PATRICK GEGEN 20.00 X 14952 0 0 DAVID BISSELL 60.00 X 321107 0 61349 KARISSA JONAS 60.00 X 189983 0 48453 MICHAEL YAMANE 40.00 X 197540 0 86544 BRAD ROCKWELL 50.00 X 182441 0 38608 BARBARA NAGAMINE 50.00 X 163638 0 114908 CAREY KOIDE 50.00 X 179783 0 69550 TOM YAMAMOTO 56.00 X 157277 0 30215 TIMOTHY BRANTNER 54.00 X 153693 0 23775 PATRICK MALAMA 54.00 X 142439 0 97966 RUSS SANTIAGO 47.00 X 142223 0 67099 CURRAN CHANG 53.00 X 141355 0 35541 RANDALL HEE 0.00 X 127328 0 92988 2250865 0 766996 66 1 1 0 WAALANI ENTERPRISES LLC PO BOX 798 LAWAI HI 96765 GRADING AND EXCAVATING 1049036 MORIHARA LAU & FONG LLP 841 BISHOP STREET STE 400 HONOLULU HI 96813 LEGAL SERVICES 724375 KURT BOSSHARD 3144 ELUA STREET LIHUE HI 96766 SOLAR ENERGY 392726 WILLIAM A COLLET 1100 MAIN STREET STE 1610 KANSAS CITY MO 64105 CONSULTING 377643 SAIC ENERGY ENVIRONMENT & INFRASTRUCTUR BOX 223563 PITTSBURGH PA 15251 CONSULTING 275194 14 SALES OF ELECTRICITY 221000 188298557 188298557 SERVICE FEES 221000 153179 153179 188451736 778608 778608 77349 42998 34351 34351 28855 5496 PATRONAGE ALLOCATIONS 221000 34256 34256 MISCELLANEOUS SERVICE 221000 -27764 -27764 6492 189271187 188458228 28855 784104 103249 1805962 149394 8788153 13434517 POWER COST 118102558 UNRELATED BUSINESS TAX 3354 TAXES 15779285 ADMINISTRATIVE 11998808 8015064 178180344 3427733 3761853 12164224 13867571 14032645 14788423 986556 1206207 494066139 238615696 248279334 255450443 6786698 9553570 13513839 16495940 299191029 315124007 19712208 18739474 196652190 202218916 13479146 15619413 229843544 236577803 X 428 433 0 0 69347057 78545771 69347485 78546204 299191029 315124007 X 11090843 -850700 -1041424 X X 0 1 X 1 1 1 10165869 10165869 39713669 18109908 21603761 425284797 220505788 204779009 18901804 18901804 255450443 ACCRUED UTILITY REVENUES 8927119 SPECIAL DEPOSITS 14710 REGULATORY ASSETS 3696459 PRELIMINARY SURVEY & INVESTIGATION CHARGES 3269366 OTHER DEFERRED CHARGES 121242 ENERGY RATE ADJUSTMENT CLAUSE 467044 16495940 OTHER CURRENT LIABILITIES 182862 CUSTOMER DEPOSITS 1272909 POST RETIREMENTS BENEFIT OBLIGATIONS 2382400 REGULATORY LIABILITIES 7129408 CUSTOMER ADVANCES ON CONSTRUCTION 3428700 ECONOMIC DEVELOPMENT 1223134 15619413 X DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: 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. EFFECTIVE JANUARY 1, 2009 THE COOPERATIVE ADOPTED FASB ACCOUNTING STANDARDS CODIFICATION (ASC) 740-10, RELATING TO ACCOUNTING FOR UNCERTAIN TAX POSITIONS. AS OF DECEMBER 31, 2012 AND 2011, 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 2009. 1 KIUC CHARITABLE FOUNDATION 4463 PAHEE STREET SUITE 1 LIHUE HI 967662000 510592268 501(C)(3) 14001 NOT APPLICABLE NOT APPLICABLE RELATED EXEMPT OPERATIONS KAUAI UNITED WAY PO BOX 1087 LIHUE HI 96766 990146288 501(C)(3) 43208 NOT APPLICABLE NOT APPLICABLE CHARITABLE GIVING KAUAI ECONOMIC DEVELOPMENT BOARD 4290 RICE STREET LIHUE HI 96766 990231581 501(C)(3) 6000 NOT APPLICABLE NOT APPLICABLE CHARITABLE GIVING 3 0 1 X X X 0 0 0 DAVID BISSELL 295358 0 0 0 25749 0 41867 0 19482 0 382456 0 0 0 KARISSA JONAS 184046 0 5480 0 457 0 29851 0 18602 0 238436 0 0 0 MICHAEL YAMANE 162724 0 27941 0 6875 0 68290 0 18254 0 284084 0 0 0 BRAD ROCKWELL 145065 0 36450 0 926 0 21132 0 17476 0 221049 0 0 0 BARBARA NAGAMINE 137084 0 24767 0 1787 0 101694 0 13214 0 278546 0 0 0 CAREY KOIDE 151522 0 25461 0 2800 0 62305 0 7245 0 249333 0 0 0 TOM YAMAMOTO 157055 0 0 0 222 0 12739 0 17476 0 187492 0 0 0 TIMOTHY BRANTNER 143280 0 0 0 10413 0 8420 0 15355 0 177468 0 0 0 PATRICK MALAMA 142214 0 0 0 225 0 78490 0 19476 0 240405 0 0 0 RUSS SANTIAGO 123162 0 18018 0 1043 0 44119 0 22980 0 209322 0 0 0 CURRAN CHANG 141133 0 0 0 222 0 14465 0 21076 0 176896 0 0 0 RANDALL HEE 127328 0 0 0 0 0 79850 0 13138 0 220316 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 KIUC HAS 43,349 MEMBERS. THE MEMBERSHIP FEE IS $.01 AND TOTAL MEMBERSHIP FEES ARE $433.49. 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 PREPARERS, 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: CHANGE IN OTHER EQUITY 61,785. CHANGE IN MEMBERSHIPS 6. RETIREMENT OF CAPITAL CREDITS -1,103,215. 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 0 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 -198190 8055195 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 193678 ACTUAL AMOUNT TRANSFERRED