WAIANAE ECONOMIC DEVELOPMENT COUNCIL

EIN: 471646700 501(c)(3) Community Improvement

WAIANAE, HI

Total Revenue
$1,380,251
Total Expenses
$1,310,355
Total Assets
$297,929
Net Assets
$92,245
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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
HI
Principal Officer
JOSEPH W LAPILIO III
Phone
8084607922
Tax Period
2022-10-01 to 2023-09-30

WAIANAE ECONOMIC DEVELOPMENT COUNCIL, founded in 2014, is a community nonprofit in the Community Improvement sector that reported $1.4M in total revenue in fiscal year 2022. Revenue surged 130% from the prior year, signaling strong growth momentum. Expenses of $1.3M left a modest 5% surplus.

Mission

INCREASE OPPORTUNITIES FOR WAIANAE COAST RESIDENTS BY DEVELOPING THE COMMUNITY'S RICH NATURAL, CULTURAL AND HUMAN RESOURCES.

Program Service Accomplishments

Program 1
Expenses: $339,158 Revenue: $791

MAOLIPRENEUR IS A 3-MONTH COHORT AIMED TO ASSIST NATIVE HAWAIIAN BUSINESS OWNERS LIVING ON THE WEST COST OF OAHU, BUILD SUSTAINABLE AND PROFITABLE BUSINESSES. THE PROGRAM CONSISTS OF 8 WORKSHOPS, AN...

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MAOLIPRENEUR IS A 3-MONTH COHORT AIMED TO ASSIST NATIVE HAWAIIAN BUSINESS OWNERS LIVING ON THE WEST COST OF OAHU, BUILD SUSTAINABLE AND PROFITABLE BUSINESSES. THE PROGRAM CONSISTS OF 8 WORKSHOPS, AN ACCOUNTABILITY GROUP, AND 1:1 BUSINESS COACHING. THE PROGRAM IS STRATEGICALLY STRUCTURED SO THAT THE PARTICIPANTS HAVE TIME TO ACTIVELY IMPLEMENT CONCEPTS LEARNED THROUGH THE WORKSHOPS AND COACHING SESSIONS. EVERY WORKSHOP IS TAUGHT WITH A PROVEN BUSINESS CONCEPT THAT IS CONNECTED TO A HAWAIIAN CULTURAL PRINCIPLE, THROUGH MO'OLELO OR HAWAIIAN STORIES. WITH ALL CONCEPTS LEARNED IN THE PROGRAM, BUSINESS OWNERS WILL KNOW HOW TO OPERATE THEIR BUSINESS THAT CAN THRIVE EVEN THROUGH TIMES OF DISASTER. AFTER THE PROGRAM, BUSINESS OWNERS WILL EXPERIENCE A HIGHER PROFIT MARGIN AND AN INCREASE IN REVENUE. ACCOMPLISHMENTS: CONVENED 3 COHORTS, 90 PARTICIPANTS ENROLLED AND 45 GRADUATES.

Program 2
Expenses: $210,411 Revenue: $150

E MAU KE A'O IS A HAWAIIAN CULTURE-BASED ENTREPRENEURSHIP WORKSHOP SERIES FOR CULTURAL PRACTITIONERS. THE PROGRAM PROVIDES THEM THE TECHNICAL ASSISTANCE NEEDED TO CREATE ONLINE LEARNING CONTENT. THIS...

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E MAU KE A'O IS A HAWAIIAN CULTURE-BASED ENTREPRENEURSHIP WORKSHOP SERIES FOR CULTURAL PRACTITIONERS. THE PROGRAM PROVIDES THEM THE TECHNICAL ASSISTANCE NEEDED TO CREATE ONLINE LEARNING CONTENT. THIS RESULTS IN BUILDING PRACTITIONER CAPACITY TO CREATE A SELF-SUSTAINING BUSINESS THROUGH THEIR CULTURAL PRACTICE WHILE ALSO INCREASING PUBLIC ACCESS TO CULTURAL KNOWLEDGE THROUGH ONLINE PLATFORMS. AT THE COMPLETION OF THE PROGRAM, PARTICIPANTS WILL: SET UP A LEGAL ENTITY, PREPARE CULTURAL CONTENT FOR AN IN-PERSON AND ONLINE AUDIENCE, BUILD CONTENT FOR ONLINE MODULES, PERPETUATE YOUR KNOWLEDGE FOR FUTURE GENERATIONS, AND BUILD NEW STREAM REVENUE STREAMS THROUGH THEIR PRACTICE. ACCOMPLISHMENTS: 27 E MAU KE A'O PARTICIPANTS, ATTENDED WORKSHOPS AND COACHING SESSIONS, 26 VIDEOS CREATED.

Program 3
Expenses: $74,880

THE FINANCIAL LOI IS OUR FINANCIAL LITERACY PROGRAM. IT CONTAINS A WORKSHOP SERIES THAT WAS CREATED TO HELP NATIVE HAWAIIAN FAMILIES CONNECT TO PERSONAL FINANCES THROUGH CULTURAL CONCEPTS AND...

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THE FINANCIAL LOI IS OUR FINANCIAL LITERACY PROGRAM. IT CONTAINS A WORKSHOP SERIES THAT WAS CREATED TO HELP NATIVE HAWAIIAN FAMILIES CONNECT TO PERSONAL FINANCES THROUGH CULTURAL CONCEPTS AND MOOLELO, OR STORIES. DELIVERING FINANCIAL AND BUSINESS CONCEPTS THROUGH A CULTURAL LENS, IMPROVES RETENTION AND IMPACT OF DIFFICULT, AND OFTEN, NEW MATERIAL. PARTICIPANTS CAN CONNECT TO THE CONTENT AND APPLY THE CURRICULUM IN A WAY THAT WILL AFFECT BEHAVIOR AND PERSPECTIVE IN A POSITIVE MANNER. ACCOMPLISHMENTS: 6 SERIES OF WORKSHOPS CONDUCTED, SERVED 146 PARTICIPANTS.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $1,333,999
Program Service Revenue $42,596
Investment Income $0
Other Revenue $3,656
TOTAL REVENUE $1,380,251

Expense Breakdown

Grants Paid $93,274
Salaries & Benefits $587,111
Fundraising Expenses $29,416
Program Expenses $1,004,505
Other Expenses $606,643
TOTAL EXPENSES $1,310,355

Year-over-Year Comparison

2022 2021 Change
Revenue $1,380,251 $598,989 +1.3%
Expenses $1,310,355 $600,924 +1.2%
Net Income $69,896 $-1,935 -37.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
5
Employees
10
Volunteers
47

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$94,216
Total Directors
6
$96,516
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOSEPH W LAPILIO III CEO/PRESIDEN 40.00
Officer Director
$86,284 $3,732 $90,016
DANIEL GOMES VICE PRESIDE 1.00
Officer Director
$1,700 $0 $1,700
ANNIE FERREIRA SECRETARY & 1.00
Officer Director
$2,500 $0 $2,500
GEORGIANNA NAVARRO DIRECTOR 1.00
Director
$500 $0 $500
STEPHANIE KAWELO DIRECTOR 1.00
Director
$1,400 $0 $1,400
VERNA BRIGHT DIRECTOR 1.00
Director
$400 $0 $400
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $1,380,251 $1,310,355 $297,929 $69,896
2022 $598,989 $600,924 $203,557 $-1,935
2020 $168,386 $176,554 $24,792 $-8,168
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