2012-11-01T08:58:21-05:00 2011-12-31 910189318 MOSS ADAMS LLP 805 SW BROADWAY 1200 PORTLAND OR 97205 990 2011-01-01 990346113 KAUAI ISLAND UTILITY COOPERATIVE KAUA 8082464300 4463 PAHEE STREET SUITE 1 LIHUE KAUAI HI 967662000 KARISSA JONAS 8002468278 2012-10-13 1 WENDY CAMPOS P00448102 5032421447 2011 2016-02-24 21:20:13Z DAVID BISSELL 4463 PAHEE STREET SUITE 1 LIHUE KAUAI HI 967662000 183392741 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 9 172 0 23480 18363 0 0 155249311 182579398 637917 559540 48702 193374 155935930 183332312 0 86208 0 0 970644 2028185 0 0 0 145009164 171561047 145979808 173675440 9956122 9656872 288143960 299191029 227225405 229843544 60918555 69347485 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 36,000 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 0 1 1 1 0 1 128 0 1 172 1 1 1 0 0 0 0 182411352 2015027 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 JAN TENBRUGGENCATE 20.00 X 17678 0 0 PETER YUKIMURA 15.00 X 16308 0 0 DAVID IHA 16.00 X X 17880 0 0 TEOFILO TACBIAN 18.00 X X 26328 0 0 CAROL BAIN 8.00 X 18271 0 0 ALLAN SMITH 10.20 X X 17472 0 0 STEVE RAPOZO 30.00 X X 19629 0 0 BENJAMIN SULLIVAN 15.00 X 16917 0 0 STEWART BURLEY 15.00 X 19258 0 0 RANDALL HEE 1.00 X 177246 0 88205 DAVID BISSELL 60.00 X 309149 0 47261 KARISSA JONAS 61.00 X 198173 0 38584 MICHAEL YAMANE 50.00 X 183680 0 67402 JOHN LEAVITT 59.00 X 195342 0 69996 BARBARA NAGAMINE 50.00 X 161889 0 115643 BRAD ROCKWELL 50.00 X 172185 0 33693 CAREY KOIDE 50.00 X 166805 0 51663 RUSS SANTIAGO 46.00 X 149972 0 65610 TOM YAMAMOTO 52.00 X 134152 0 28077 RICHARD VETTER 55.00 X 133936 0 33059 RICHARD DEMILLE 47.50 X 129948 0 49868 2282218 0 689061 58 0 1 0 KAUAI ENERGY PARTNERS LLC 195 NASSAU STREET 12 PRINCETON NJ 08542 USED FUEL OIL 775581 MORIHARA LAU & FONG LLP 841 BISHOP STREET STE 400 HONOLULU HI 96813 LEGAL SERVICES 698666 WILLIAM A COLLET 1100 MAIN STREET STE 1610 KANSAS CITY MO 64105 CONSULTING 422849 KURT BOSSHARD 3144 ELUA STREET LIHUE HI 96766 SOLAR ENERGY 309756 WAALANI ENTERPRISES LLC PO BOX 798 LAWAI HI 96765 EXCAVATING & GRADING 292847 12 SALES OF ELECTRICITY 221000 182411351 182411351 SERVICE FEES 221000 168047 168047 182579398 559540 6560 552980 77349 60429 16920 16920 16920 MISCELLANEOUS SERVICE 221000 146789 146789 PATRONAGE ALLOCATIONS 221000 29665 29665 176454 183332312 182755852 23480 552980 86208 2028185 42263 8706876 13372215 POWER COST 113100392 UNRELATED BUSINESS TAX 1912 TAXES 15286650 ADMINISTRATIVE 12696225 8354514 173675440 6034685 3427733 51807 0 9269878 12164224 14217397 14032645 954729 986556 478306768 230027434 241431336 248279334 1246742 6786698 14937386 13513839 288143960 299191029 16666830 19712208 197781589 196652190 12776986 13479146 227225405 229843544 X 409 428 0 0 60918146 69347057 60918555 69347485 288143960 299191029 X 9656872 -1227942 X X 0 1 1 X 1 1 10164930 10164930 38650144 17140961 21509183 416039296 212886473 203152823 13452398 13452398 248279334 OTHER CURRENT LIABILITIES 165995 CUSTOMER DEPOSITS 1248210 POST RETIREMENTS BENEFIT OBLIGATIONS 1880500 REGULATORY LIABILITIES 5255107 CUSTOMER ADVANCES ON CONSTRUCTION 3466422 ECONOMIC DEVELOPMENT 921927 ERAC 540985 13479146 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: 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, 2011 AND 2010, 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 2008. 1 KIUC CHARITABLE FOUNDATION 4463 PAHEE STREET SUITE 1 LIHUE HI 967662000 510592268 501(C)4 APPLIED FOR 9312 NOT APPLICABLE NOT APPLICABLE RELATED EXEMPT OPERATIONS KAUAI UNITED WAY PO BOX 1087 LIHUE HI 96766 990146288 501(C)(3) 22362 NOT APPLICABLE NOT APPLICABLE CHARITABLE GIVING KAUAI ECONOMIC DEVELOPMENT BOARD 4290 RICE STREET LIHUE HI 96766 990231581 501(C)(3) 9000 NOT APPLICABLE NOT APPLICABLE CHARITABLE GIVING 2 1 1 X X X 0 0 0 RANDALL HEE 175626 0 0 0 1620 0 68618 0 19587 0 265451 0 0 0 DAVID BISSELL 278434 0 27268 0 3447 0 27710 0 19551 0 356410 0 0 0 KARISSA JONAS 166929 0 30830 0 414 0 19413 0 19171 0 236757 0 0 0 MICHAEL YAMANE 147241 0 32614 0 3825 0 48578 0 18824 0 251082 0 0 0 JOHN LEAVITT 152926 0 36656 0 5760 0 51353 0 18643 0 265338 0 0 0 BARBARA NAGAMINE 131435 0 29311 0 1143 0 102000 0 13643 0 277532 0 0 0 BRAD ROCKWELL 140018 0 31393 0 774 0 15649 0 18044 0 205878 0 0 0 CAREY KOIDE 134989 0 31416 0 400 0 44204 0 7459 0 218468 0 0 0 RUSS SANTIAGO 126507 0 22423 0 1042 0 47062 0 18548 0 215582 0 0 0 TOM YAMAMOTO 133937 0 0 0 215 0 10033 0 18044 0 162229 0 0 0 RICHARD VETTER 113146 0 19762 0 1028 0 15015 0 18044 0 166995 0 0 0 RICHARD DEMILLE 111019 0 16825 0 2104 0 35843 0 14025 0 179816 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 KIUC HAS 42,783 MEMBERS. THE MEMBERSHIP FEE IS $.01 AND TOTAL MEMBERSHIP FEES ARE $427.83. 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 THEIR 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 5: NET UNREALIZED LOSSES ON INVESTMENTS: -272,100. CHANGE IN OTHER EQUITY 72,851. CHANGE IN MEMBERSHIPS 19. RETIREMENT OF CAPITAL CREDITS -1,028,712. TOTAL TO FORM 990, PART XI, LINE 5: -1,227,942. FORM 990, PART XII, LINE 2C: THERE WERE NO CHANGES IN PROCEDURE FROM THE PRIOR YEAR. KIUC CHARITABLE FOUNDATION 4463 PAHEE STREET SUITE 1 LIHUE HI 967662000 510592268 FOUNDATION HI SEEKING 501(C)(4) NOT APPLICABLE KAUAI ISLAND UTILITY COOPERATIVE 1 KIUC RENEWABLE SOLUTIONS ONE LLC 4463 PAHEE ST STE 1 LIHUE HI 96766 453822840 SOLAR POWER GENERATION DE KAUAI ISLAND UTILITY COOPERATIVE C -31560 5593493 1.00000 1 1 0 1 0 0 0 0 0 0 0 0 1 1 0 1 0 0 KIUC RENEWABLE SOLUTIONS ONE LLC A 6560 ACTUAL AMOUNT TRANSFERRED