KUNIA WATER ASSOCIATION INC
PO BOX 700489, KAPOLEI, HI 967090489

Total Revenue
$1,177,387
Total Expenses
$947,433
Net Assets
$653,283

Organizations Filed Purposes: TO OPERATE, MAINTAIN, REPAIR, REPLACE, AND ADMINISTER THE WATER SOURCES, WATER EASEMENTS, AND WATER DELIVERY SYSTEM USED TO DELIVER WATER FOR ITS MEMBERS LOCATED IN KUNIA VILLAGE AND THE SURROUNDING KUNIA AGRICULTURAL LANDS ON THE ISLAND OF OAHU IN THE STATE OF HAWAII.

FIXED COST FUND - THIS FUND IS USED TO ACCOUNT FOR ASSESSMENTS FOR THE PORTION OF OPERATING COSTS IDENTIFIED AS "FIXED OPERATING COSTS", AS DEFINED IN THE DECLARATION, THAT DO NOT FLUCTUATE DEPENDING UPON THE AMOUNT OF WATER DELIVERED. FIXED OPERATING COST ASSESSMENTS ARE ALSO ASSESSED BASED ON THE WATER ALLOCATION PERCENTAGE, AS DEFINED IN THE DECLARATION, SUCH AS INSURANCE, CONTRACTOR TO MAINTAIN THE SYSTEM, AUDIT FEES, ETC.

VARIABLE COST FUND - THIS FUND IS USED TO ACCOUNT FOR ASSESSMENTS AND THE PORTION OF OPERATING COSTS IDENTIFIED AS "VARIABLE OPERATING COSTS", AS DEFINED IN THE DECLARATION, THAT FLUCTUATE DEPENDING UPON THE AMOUNT OF WATER DELIVERED. VARIABLE OPERATING COST ASSESSMENTS ARE CHARGED TO EACH MEMBER BASED ON THE ACTUAL METERED AMOUNT OF WATER DELIVERED TO THE MEMBER'S DELIVERY POINT, SUCH AS ELECTRIC COSTS TO RUN THE PUMPS TO DELIVER WATER TO THE MEMBERS. APPROXIMATELY 380 MILLION GALLONS OF WATER WAS DELIVERED.

CAPITAL RESERVE FUND - THIS FUND IS USED TO ACCOUNT FOR ASSESSMENTS FOR "CAPITAL RECOVERY COSTS" INCURRED TO KEEP THE WATER SOURCES, WATER EASEMENTS, AND THE WATER DELIVERY SYSTEM IN GOOD AND WORKING ORDER. SUCH COSTS INCLUDE CAPITAL EXPENDITURES MADE BY THE ASSOCIATION TO CONSTRUCT, REPLACE, UPGRADE, OR RETROFIT, THE COMMON METERING DEVICES, PUMPS, TRANSMISSION LINES, RESERVOIRS, APPURTENANTS, AND OTHER IMPROVEMENTS AND FACILITIES FOR THE PRODUCTION AND/OR DELIVERY OF WATER FROM THE WATER SOURCES TO THE DELIVERY POINTS. CAPITAL RECOVERY COST ASSESSMENTS ARE ASSESSED BASED ON THE WATER ALLOCATION PERCENTAGE, AS DEFINED IN THE DECLARATION. THIS FUND IS ALSO USED TO ACCUMULATE CAPITAL FUNDS FOR FUTURE REASONABLY ANTICIPATED CAPITAL EXPENDITURES.

Executives Listed on Filing

Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing

NameTitleHours Per WeekTotal Salary
Andrew NyergesDIRECTOR1$0
Joshua UyeharaDIRECTOR1$0
Jeffrey WilliamsSECRETARY & DIRECTOR1$0
Lyle RoeTREASURER & DIRECTOR1$0
Stephanie Ann WhalenCHAIRPERSON/PRESIDENT & DIRECTOR1$0

Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/202120769349301507_public.xml