Kona Cacao Association
Legal name: Kona Cacao Association Inc
Nonprofit profile at a glance
- EIN
- 454189391
- IRS 990-EZ coverage
- 2014–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990-EZ 2024
- Location
- Kealakekua, HI, USA
- Phone
- 8089382243
- Rating
- 91
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Fairs
Reported finances
- Revenue
- $6,519
- Expenses
- $9,465
- Assets
- $2,293
- Liabilities
- $2,110
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- FARSHEED BONAKDAR (PRESIDENT)
People named in this filing
- FARSHEED BONAKDAR (PRESIDENT)
- LAURIE MATTOS (TREASURER)
- FERN GAVALEK (VICE PRESIDE)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The mission and goal of the Kona Cacao Association is to promote the cacao industry on the Big Island of Hawaii by presenting the Big Island Chocolate Festival as an educational and outreach opportunity for local cacao farmers, the hospitality industry and cacao enthusiasts.
What it reported doing in 2024
The mission and goal of the kona cacao association, inc. Is to promote the cacao industry on the big island of Hawaii by presenting the big island chocolate festival as an educational and outreach opportunity for local cacao farmers. The festival was a success in 2023
Operating model
- Revenue model
- Donor-supported. 97% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 79% of its reported program spending out as grants.
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 program spending has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 100
- Transparency & Controls: 100
- Sustainability: 19
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: -45.2%; rating input score 14; 14th percentile among comparable filings
- Total-asset coverage ratio: 0.24; rating input score 18; 18th percentile among comparable filings
- Liabilities to assets ratio: 0.92; rating input score 6; 6th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: -27.1% per year; rating input score 0; 14th percentile among comparable filings
- Revenue growth: -24.6% per year; rating input score 0; 12th percentile among comparable filings
- Asset growth: -6.1% per year; rating input score 0; 22nd percentile among comparable filings
Details
- What they do: 1 operating location identified
- Where the money goes: 100% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 2 filed program accomplishments · $9K in reported program spending
- Leadership: top reported pay $0 · 6 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 4 filed schedules
- Filing history: 11 filing years from 2014 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Related organizations: Filed and resolved organization relationships.
- 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 14/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 18/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 6/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.