Kuleana Coworking Corporation
Nonprofit profile at a glance
- EIN
- 993960838
- IRS 990-EZ coverage
- 2024–2024
- Forms available
- Form 990-EZ 2024
- Location
- Lihue, HI, USA
- Phone
- 8085156077
- Rating
- 78
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Rural Economic Development
Reported finances
- Revenue
- $76,555
- Expenses
- $38,524
- Assets
- $38,031
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- Peter Simon (President)
People named in this filing
- Peter Simon (President)
- Anne Sueko Coyle (Treasurer)
- Jennifer Jones-Patulli (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-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The corporation aims to foster economic resilience, community development, and entrepreneurial support in rural Kaua'i by providing educational programs, affordable coworking space, and business resources to small businesses, independent workers, and underserved populations.
What it reported doing in 2024
Kuleana Coworking provided 2,155 sq ft of affordble, high-speed workshapce to 15 local entrepreneurs and nonprofits. At market rates ($24-$54/SF/YR), a cmparable 500 sq ft office would cost $1,000-$2,250 per month; members paid just $550, saving $81-$306K collectively in 2024. Savings left members to invest in local sevices, retain Kaua'i-based talend, and fuel community resilience. Also hosted five AI Talk Story and three digital literacy events that raised computer literacy and supported workforce development in a rural zone. The organization operates on Kaua'i, a federally designated Historically Underutilized Business Zone (HUBZone) and USDA-classified rural area. By providing affordable coworking space and business resources, Kuleana Coworking addresses the high overhead costs and limited commercial inventory that hinder enterprise growth in remote island economies.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- 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
SUPPORTED - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 69
- Transparency & Controls: 100
- Sustainability: 71
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 50.3%; rating input score 50
- 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: 49.7%; rating input score 91; 91st percentile among comparable filings
- Total-asset coverage ratio: 0.99; rating input score 46; 46th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 50.3% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $39K in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 3 filed schedules
- 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.
- Review — Financial Efficiency: Mission deployment rate scored 50/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 46/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.