2016-11-14T22:07:31-06:00 2015-12-31 421539623 KMH LLP 1003 BISHOP STREET SUITE 2400 HONOLULU HI 96813 990 2015-01-01 990229787 OAHU ECONOMIC DEVELOPMENT BOARD OAHU 8085213611 735 BISHOP STREET NO 424 HONOLULU HI 96813 PONO SHIM PRESIDENT & CEO 8085213611 2016-11-14 1 ALAN ML YEE P00130314 8085262255 2015 2017-02-10 21:41:12Z PONO SHIM 735 BISHOP STREET NO 424 HONOLULU HI 96813 977147 0 X WWW.ENTERPRISEHONOLULU.COM X 1984 HI PROMOTE AND ENCOURAGE ECONOMIC GROWTH, DEVELOPMENT, AND DIVERSIFICATION WITHIN THE CITY AND COUNTY OF HONOLULU AND THE STATE OF HAWAII. 29 29 3 0 0 0 298000 480859 318279 496288 0 0 0 0 616279 977147 6027 0 0 0 477892 528697 0 0 0 270632 358846 754551 887543 -138272 89604 50135 182775 48981 92018 1154 90757 X OAHU ECONOMIC DEVELOPMENT BOARD (OEDB) IS A NON-PROFIT, FUNDED PRIMARILY BY THE PRIVATE SECTOR. THE ORGANIZATION'S EFFORTS SUPPORT A DIVERSIFIED ECONOMY ON O'AHU BY BEING A LEADING AGENT IN THE GROWTH, RETENTION AND RECRUITMENT OF BUSINESSES THAT OFFER QUALITY JOBS IN HAWAII. OEDB IS ALSO ACTIVELY INVOLVED IN INFRASTRUCTURE, PLANNING AND WORKFORCE DEVELOPMENT TO BUILD THE FOUNDATION FOR A GLOBALLY COMPETITIVE, PROSPEROUS ECONOMY. 1 1 320447 0 101823 THE MISSION OF THE BUSINESS DEVELOPMENT PROGRAM IS TO ACHIEVE HEALTHY & PROSPEROUS ECONOMIC SECTORS FOCUSING ON HAWAII'S NEEDS AND BUILDING UPON OUR UNIQUE ASSETS. THIS INITIATIVE INCLUDED LEADERSHIP ENGAGEMENT AND DEVELOPMENT, TRUST BUILDING, COMMUNITY BUILDING AND DEVELOPMENT FOR CAPACITY BUILDING TO INCREASE JOBS AND WAGES INTO THE FUTURE. THE TARGETED SECTORS AND PROGRAMS INCLUDED, ECONOMIC DEVELOPMENT ADMINISTRATION (EDA) (INVESTING IN MANUFACTURING COMMUNITIES AS PARTNERSHIPS, MANUFACTURING IN AMERICA: HAWAII, SHORT TERM PLANNING INVESTMENT), RESEARCH THE OPPORTUNITY TO DEVELOP A STRATEGY FOR FUTURE ECONOMIC DEVELOPMENT IN CHINATOWN AS A DESIRABLE TOURIST ATTRACTION, COMPREHENSIVE ECONOMIC DEVELOPMENT STRATEGY - CONTRACTED ASSISTANCE WITH BUSINESSES, OFFICE OF PLANNING, STATE DEPARTMENT OF BUSINESS, ECONOMIC DEVELOPMENT AND TOURISM (PARTNERSHIP WITH THE ECONOMIC DEVELOPMENT ALLIANCE OF HAWAII. FISCAL AGENT FOR THE 2015 PREVENT SUICIDE CONFERENCE AND SHADE (SUSTAINABLE, HUMANITARIAN, ARCHITECTURE AND DESIGN FOR THE EARTH). 186060 0 87500 HAWAI'I GREEN GROWTH IS COMMITTED TO BUILDING A MORE RESILIENT AND SUSTAINABLE FUTURE FOR HAWAI'I. HAWAI'I GREEN GROWTH SERVES AS THE BACKBONE ORGANIZATION FOR THE ALOHA+ CHALLENGE, AND COORDINATES A BROAD STAKEHOLDER BASE TO IDENTIFY AREAS FOR STATEWIDE ACTION ON HAWAI'I'S 2030 SUSTAINABILITY GOALS. THE PARTNERSHIP HONORS A COLLABORATIVE AND INTEGRATED APPROACH TO ACHIEVE ENVIRONMENTAL, SOCIAL, AND ECONOMIC PROSPERITY FOR FUTURE GENERATIONS. HAWAIIAN CULTURE AND VALUES ARE THE BEDROCK OF THE ALOHA+ CHALLENGE AND HAWAI'I GREEN GROWTH, PROVIDING A TRUST-BASED FRAMEWORK TO PROMOTE SYSTEM-LEVEL CHANGE ACROSS HAWAI'I. 50932 0 58083 MASTER PLANNING FOR AN OAHU TECHNOLOGY AND INNOVATION CENTER - OAHU ECONOMIC DEVELOPMENT BOARD WAS CONTRACTED BY THE CITY AND COUNTY OF HONOLULU TO PREPARE A STRATEGIC PLAN FOR THE DEVELOPMENT AND SUSTAINABILITY OF HIGH GROWTH INDUSTRIES IN THE REGION. THE SCOPE OF WORK INCLUDES, BUT IS NOT LIMITED TO THE FOLLOWING ACTIVITIES: ANALYSIS OF HIGH GROWTH INDUSTRY REGIONAL ASSETS AND ECONOMIC OPPORTUNITIES, INVENTORY OF HIGH GROWTH INDUSTRY ECONOMIC RESOURCES, REVIEW OF THE REGIONAL ECOSYSTEM FOR INNOVATIVE TECHNOLOGY-BASED INDUSTRIES, EXAMINATION OF THE PROGRESS OF THE DEVELOPMENT OF HIGH GROWTH INDUSTRIES IN THIS REGION IN COMPARISON TO THAT OF OTHER REGIONS, COMPLETION OF A DEVELOPMENT PLAN THAT WILL INCLUDE A PROGRAM PROFILE AND BUILDING REQUIREMENTS FOR THE PROOF OF CONCEPT CENTER. 75381 0 248882 OTHER PROGRAM SERVICE ACCOMPLISHMENTS INCLUDE PROVIDING SUPPORT TO THE CITY & COUNTY OF HONOLULU, THE COMPREHENSIVE ECONOMIC DEVELOPMENT STRATEGY (CEDS), ENVISION HAWAII, ECONOMIC DEVELOPMENT ALLIANCE OF HAWAII, AND NEW MARKETS TAX CREDIT. 75381 0 248882 632820 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 X 12 0 1 3 1 0 0 0 0 0 0 0 0 0 0 0 0 X 29 29 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 1 1 0 HI X DORI BABA 8085213611 735 BISHOP STREET SUITE 424 HONOLULU HI 96813 ALAN ARIZUMI TREASURER & DIRECTOR THRU 6/30/15 2.00 X X 0 0 0 CATHERINE NGO SECRETARY & DIRECTOR THRU 6/30/15 2.00 X X 0 0 0 CHRISTINE M GAYAGAS DIRECTOR 2.00 X 0 0 0 COLBERT MATSUMOTO DIRECTOR THRU 6/30/15 2.00 X 0 0 0 DAVID BYLUND DIRECTOR 2.00 X 0 0 0 DAVID J REBER DIRECTOR 2.00 X 0 0 0 DAVID TUMILOWICZ DIRECTOR 2.00 X 0 0 0 DENNIS FRANCIS DIRECTOR 2.00 X 0 0 0 ERIC MARTINSON DIRECTOR 2.00 X 0 0 0 GUY KAULUKUKUI DIRECTOR THRU 3/31/15 2.00 X 0 0 0 JAMES AJELLO DIRECTOR 2.00 X 0 0 0 JAN SULLIVAN DIRECTOR 2.00 X 0 0 0 JEFFREY H OVERTON TREASURER & DIRECTOR 2.00 X X 0 0 0 JEFFREY KD AU DIRECTOR 2.00 X 0 0 0 KEITH YOSHIDA DIRECTOR 2.00 X 0 0 0 KITTY LAGARETA DIRECTOR 2.00 X 0 0 0 LANCE WILHELM DIRECTOR 2.00 X 0 0 0 LARRY GILBERT DIRECTOR 2.00 X 0 0 0 MURRAY CLAY DIRECTOR 2.00 X 0 0 0 MYRON THOMPSON DIRECTOR 2.00 X 0 0 0 NELSON KM LAU VICE CHAIR & DIRECTOR 2.00 X X 0 0 0 PATRICK SULLIVAN DIRECTOR 2.00 X 0 0 0 ROBERT ALM CHAIRMAN & DIRECTOR 2.00 X X 0 0 0 ROBIN CAMPANIANO DIRECTOR 2.00 X 0 0 0 ROY CATALANI SECRETARY & DIRECTOR 2.00 X X 0 0 0 SHANNON OKINAKA DIRECTOR 2.00 X 0 0 0 SHERYL NICHOLSON DIRECTOR 2.00 X 0 0 0 TIMOTHY JOHNS DIRECTOR 2.00 X 0 0 0 TYLER TOKIOKA DIRECTOR 2.00 X 0 0 0 VASSILIS SYRMOS DIRECTOR 2.00 X 0 0 0 MAHINA PAISHON-DUARTE DIRECTOR 2.00 X 0 0 0 NEILL CHAR DIRECTOR 2.00 X 0 0 0 DENIS ISONO DIRECTOR 2.00 X 0 0 0 PONO SHIM PRESIDENT & CEO 50.00 X 135693 0 18381 135693 0 18381 1 0 1 0 0 29500 451359 480859 NEW MARKET TAX CREDITS 541610 155772 155772 BUSINESS DEV - PROGRAM 541610 134782 134782 HAWAI'I GREEN GROWTH 541610 87500 87500 EDA TECH CENTER 541610 58083 58083 EDA EAA 541610 52151 52151 8000 8000 496288 977147 496288 0 0 X 154074 138922 15152 260080 194958 65122 62610 2984 59626 51933 39683 12250 29951 23551 6400 139744 130532 9212 15392 14630 762 11922 6500 5422 14813 853 13960 53178 4794 48384 19429 19359 70 39524 39485 39 2057 2057 2468 2468 9934 9934 MOVING & RECRUITMENT EX 15000 15000 EQUIPMENT RENTAL 3279 3279 LICENSES & FEES 574 574 MEMBERSHIP DUES 570 570 1011 999 12 887543 632820 254723 0 300 301 31408 160615 1585 7485 143874 131818 14524 12056 2318 2318 50135 182775 23981 46784 25000 45234 48981 92018 X -21903 -55570 23057 146327 1154 90757 50135 182775 X 89604 -1 X 0 0 0 X 652690 249945 161577 298000 480859 1843071 652690 249945 161577 298000 480859 1843071 868633 974438 2 12 14 1843085 1795494 0.52870 0.58680 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 143874 131818 12056 12056 CPB CREDITFLEX 45234 45234 X 0 0 0 0 0 0 0 0 0 PONO SHIM PRESIDENT & CEO 135693 0 0 0 0 0 4071 0 14310 0 154074 0 0 0 FORM 990, PART III, LINE 2 WORK HAS STARTED IN 2015 FOR HAWAI'I GREEN GROWTH, PLEASE REFER TO THE PROGRAM SERVICE ACCOMPLISHMENTS DISCLOSED ON PART III LINE 4B FOR FURTHER DETAIL. FORM 990, PART III, LINE 3 WORK HAS COMPLETED & SERVICE HAS CEASED AT YEAR-END FOR THE FOLLOWING PROGRAMS: ENVISION HAWAII, ECONOMIC DEVELOPMENT ADMINISTRATION SHORT-TERM PLANNING INVESTMENT (EDA EAA) AND ECONOMIC DEVELOPMENT ADMINISTRATION (EDA) TECH CENTER. FORM 990, PART V, LINE 7G AND 7H: QUESTIONS 7G AND 7H ARE NOT APPLICABLE TO THE EXEMPT ORGANIZATION. AS SUCH, THEY HAVE BEEN MARKED NO. FORM 990, PART VI, SECTION A, LINE 2 COLBERT MATSUMOTO (DIRECTOR) AND CATHERINE NGO (SECRETARY) HAVE A BUSINESS RELATIONSHIP WITH EACH OTHER. COLBERT MATSUMOTO (DIRECTOR) AND DENNIS FRANCIS (DIRECTOR) HAVE A BUSINESS RELATIONSHIP WITH EACH OTHER. COLBERT MATSUMOTO (DIRECTOR) AND NELSON LAU (VICE CHAIR, DIRECTOR) HAVE A BUSINESS RELATIONSHIP WITH EACH OTHER. COLBERT MATSUMOTO (DIRECTOR) AND ROBERT ALM (CHAIRMAN) HAVE A BUSINESS RELATIONSHIP WITH EACH OTHER. ERIC MARTINSON (DIRECTOR) AND CHRISTINE GAYAGAS (DIRECTOR) HAVE A BUSINESS RELATIONSHIP WITH EACH OTHER. ERIC MARTINSON (DIRECTOR) AND NELSON LAU (VICE CHAIR, DIRECTOR) HAVE A BUSINESS RELATIONSHIP WITH EACH OTHER. ERIC MARTINSON (DIRECTOR) AND TIMOTHY JOHNS (DIRECTOR) HAVE A BUSINESS RELATIONSHIP WITH EACH OTHER. JAN SULLIVAN (DIRECTOR) AND PATRICK SULLIVAN (DIRECTOR) HAVE A BUSINESS & FAMILY RELATIONSHIP WITH EACH OTHER. JAN SULLIVAN (DIRECTOR) AND VASSILIS SYRMOS (DIRECTOR) HAVE A BUSINESS RELATIONSHIP WITH EACH OTHER. KITTY LAGARETA (DIRECTOR) AND CHRISTINE GAYAGAS (DIRECTOR) HAVE A BUSINESS RELATIONSHIP WITH EACH OTHER. NELSON LAU (VICE CHAIR, DIRECTOR) AND CATHERINE NGO (SECRETARY) HAVE A BUSINESS RELATIONSHIP WITH EACH OTHER. NELSON LAU (VICE CHAIR, DIRECTOR) AND JAMES AJELLO (DIRECTOR) HAVE A BUSINESS RELATIONSHIP WITH EACH OTHER. NELSON LAU (VICE CHAIR, DIRECTOR) AND ROY CATALANI (DIRECTOR) HAVE A BUSINESS RELATIONSHIP WITH EACH OTHER. NELSON LAU (VICE CHAIR, DIRECTOR) AND TIMOTHY JOHNS (DIRECTOR) HAVE A BUSINESS RELATIONSHIP WITH EACH OTHER. NELSON LAU (VICE CHAIR, DIRECTOR) AND SHANNON OKINAKA (DIRECTOR) HAVE A BUSINESS RELATIONSHIP WITH EACH OTHER. NELSON LAU (VICE CHAIR, DIRECTOR) AND NEILL CHAR (DIRECTOR) HAVE A BUSINESS RELATIONSHIP WITH EACH OTHER. NELSON LAU (VICE CHAIR, DIRECTOR) AND DENIS ISONO (DIRECTOR) HAVE A BUSINESS RELATIONSHIP WITH EACH OTHER. ROBERT ALM (CHAIRMAN) AND JAMES AJELLO (DIRECTOR) HAVE A BUSINESS RELATIONSHIP WITH EACH OTHER. TIMOTHY JOHNS (DIRECTOR) AND JAMES AJELLO (DIRECTOR) HAVE A BUSINESS RELATIONSHIP WITH EACH OTHER. TIMOTHY JOHNS (DIRECTOR) AND ROBERT ALM (CHAIRMAN) HAVE A BUSINESS RELATIONSHIP WITH EACH OTHER. TYLER TOKIOKA (DIRECTOR) AND ROBERT ALM (CHAIRMAN) HAVE A BUSINESS RELATIONSHIP WITH EACH OTHER. TYLER TOKIOKA (DIRECTOR) AND COLBERT MATSUMOTO (DIRECTOR) HAVE A BUSINESS RELATIONSHIP WITH EACH OTHER. TYLER TOKIOKA (DIRECTOR) AND NELSON LAU (VICE CHAIR, DIRECTOR) HAVE A BUSINESS RELATIONSHIP WITH EACH OTHER. ALAN ARIZUMI (DIRECTOR) AND NELSON LAU (VICE CHAIR, DIRECTOR) HAVE A BUSINESS RELATIONSHIP WITH EACH OTHER. DAVID TUMILOWICZ (DIRECTOR) AND NELSON LAU (VICE CHAIR, DIRECTOR) HAVE A BUSINESS RELATIONSHIP WITH EACH OTHER. SHANNON OKINAKA (DIRECTOR) AND TYLER TOKIOKA (DIRECTOR) HAVE A BUSINESS RELATIONSHIP WITH EACH OTHER. ROBIN CAMPANIANO (DIRECTOR), ALAN ARIZUMI (TREASURER), LARRY GILBERT (DIRECTOR), JEFFREY AU (DIRECTOR), KITTY LAGARETA (DIRECTOR), AND MYRON THOMPSON (DIRECTOR), HAVE A BUSINESS RELATIONSHIP WITH EACH OTHER. FORM 990, PART VI, SECTION B, LINE 11 THE PRESIDENT/CEO REVIEWS FORM 990 PRIOR TO SUBMITTING TO THE IRS. UPON COMPLETION OF FILING THE FORM 990 WITH THE IRS, THE BOARD OF DIRECTORS ARE THEN NOTIFIED AT THE NEXT BOARD MEETING THAT THE 990 WAS FILED, AND COPIES ARE AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY, WHICH IS APPROVED BY THE BOARD OF DIRECTORS, IS DISTRIBUTED TO ALL MEMBERS OF THE BOARD. DIRECTORS ARE REQUIRED TO DISCLOSE ANNUALLY INTERESTS THAT COULD GIVE RISE TO CONFLICTS. DIRECTORS WILL BRING UP FOR DISCUSSION AT BOARD MEETINGS IF THERE IS A POSSIBILITY THAT A CONFLICT EXISTS. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION IS PRESENTED TO THE CHAIRMAN OF THE BOARD AND THEN APPROVED BY THE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G PROJECT MANAGEMENT FEE: PROGRAM SERVICE EXPENSES 58,932. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 58,932. 401(K) SERVICE FEE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 2,158. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,158. OTHER PROFESSIONAL FEE: PROGRAM SERVICE EXPENSES 38,916. MANAGEMENT AND GENERAL EXPENSES 5,355. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 44,271. BANK & BROKERAGE FEES: PROGRAM SERVICE EXPENSES 25. MANAGEMENT AND GENERAL EXPENSES 1,699. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,724. CONTRACTOR: PROGRAM SERVICE EXPENSES 4,000. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,000. TRAINING FEE: PROGRAM SERVICE EXPENSES 6,000. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 6,000. FISCAL AGENT: PROGRAM SERVICE EXPENSES 22,659. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 22,659. FORM 990, PART XI, LINE 9: ROUNDING -1.