Kailua Village Business Improvement District Inc

Nonprofit profile at a glance

EIN
300465878
IRS 990 coverage
2016–2024
Forms available
Form 990 2024
Location
Kailuakona, HI, USA
Phone
8083267820
Rating
87
Verdict
STRONG
Rating confidence
Moderate
Sector
Community, Neighborhood Development

Official website

Reported finances

Revenue
$1,424,014
Expenses
$1,620,424
Assets
$552,755
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

18 people listed

Executive titles in this filing

  • JAY RUBENSTEIN (PRESIDENT)
  • NANCY SAKAMOTO (VICE PRESIDENT)
  • ROSS WILSON JR (EXECUTIVE DIRECTOR)

People named in this filing

  • JAY RUBENSTEIN (PRESIDENT)
  • NANCY SAKAMOTO (VICE PRESIDENT)
  • GLENNON GINGO (SECRETARY)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The mission and goal of the kailua village business improvement district, inc. Is to provide community improvement services in order to implement "clean and "safe" initiatives. A significant portion of our organization's budget is earmarked for enhanced public space management and security, streetscape, cleaning, maintenance and landscaping.

What it reported doing in 2024

The kailua village business improvement district, inc. Is a collaborative effort between businesses, government and area residents to develop and implement creative solutions to improve public spaces within kailua village. District landowners, lessees of land, commercial tenants and residents are assessed according to property tax valuations and these assessments return directly to the district to fund programs and improvements. The mission and goals of our organization are to implement clean and safe measures and to market public events to improve community vibrancy. A significant portion of our organization's budget and efforts are earmarked for enhanced public space management and security, streetscape, cleaning, maintenance, landscape and various other improvements and enhancements. In addition, professional information and safety officers on patrol daily work in tandem with Hawaii county police to address criminal behavior. Streetscape maintenance crews enhance existing county-provided services with sidewalk cleaning and trash pick-up. We have successfully accomplished our stated "mission and "goals" for the year.

Operating model

Revenue model
Earned-program. 95% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 88
  • Transparency & Controls: 92
  • Accountability: 88
  • Sustainability: 31
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 97.5%; rating input score 98
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 5 of 7 controls in place; rating input score 71
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -13.8%; rating input score 13; 13th percentile among comparable filings
  • Total-asset coverage ratio: 0.34; rating input score 16; 16th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 91; 91st percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings

Growth

  • Program expense growth: 8.4% per year; rating input score 100; 57th percentile among comparable filings
  • Revenue growth: 6.3% per year; rating input score 100; 51st percentile among comparable filings
  • Asset growth: 4.6% per year; rating input score 100; 37th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 97.5% of spending went to programs
  • Governance: 17 of 17 board members independent · 5 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $1.6M in reported program spending
  • Leadership: top reported pay $0 · 18 people listed
  • Highest-paid contractors: 2 contractors listed · $781K reported
  • Consistency: 17 of 17 current checks pass
  • Schedules: 4 filed schedules · includes major donors
  • Filing history: 8 filing years from 2016 to 2024
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Operating margin scored 13/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • High — Sustainability: Total-asset coverage ratio scored 16/100.