Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 1984.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
31 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
29 people listed on the 990; $190K paid to officers and key staff.
Catherine Colon’s $205K as President & CEO is at the 68th percentile of top reported officer pay among 2832 $1–10M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 3 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Catherine Colon | $205,000 | $190,128 | — | — | — |
| Pono Shim | — | — | $82,986 | $179,396 | $185,000 |
| Celeste Connors | — | — | — | $160,685 | $185,000 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2Yes
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Boosts economic growth, development, and diversification across Honolulu and Hawaii.
Questions for Oahu Economic Development Board
Your first name shows with your question. Oahu Economic Development Board answers here, for everyone.
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The mission of the business development program is to achieve healthy & prosperous economic sectors focusing on hawaii's needs and building upon our unique assets. This initiative included leadership engagement and development, trust building, community building and development for capacity building to increase jobs and wages into the…
Hawai'I green growth is committed to building a more resilient and sustainable future for hawai'I. Hawai'I green growth serves as the backbone organization for the aloha+ challenge, and coordinates a broad stakeholder base to identify areas for statewide action on hawai'I's 2030 sustainability goals.
The new markets tax credits ("NMTC") program provides a tax incentive for private sector investment into economic development projects and businesses located in low-income communities. This program is overseen by U.S. Department of the treasury and directly administered by the community development financials institutions ("cdfi") fund.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2023 990, line by line.
Download 990
| Line | Start FY23 | End FY23 |
|---|---|---|
| Cash and savingsLn 1–2 | $1.1M | $1.3M |
| Land, buildings, equipmentLn 10c | $0 | $0 |
| Total assetsLn 16 | $1.1M | $1.3M |
| LiabilitiesLn 26 | $30K | $15K |
| Net assetsLn 32 | $1.1M | $1.3M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $6K | $6K | ||
| Pay of current officers, directors and key staffLn 5 | $211K | $114K | $97K | |
| Other salaries and wagesLn 7 | $256K | $29K | $227K | |
| Other employee benefitsLn 9 | $55K | $55K | ||
| Payroll taxesLn 10 | $55K | $14K | $41K | |
| Accounting feesLn 11c | $40K | $3K | $37K | |
| Other fees for servicesLn 11g | $51K | $28K | $23K | |
| Advertising and promotionLn 12 | $23K | $20K | $4K | |
| Office expensesLn 13 | $11K | $4K | $7K | |
| Information technologyLn 14 | $5K | $5K | ||
| OccupancyLn 16 | $62K | $274 | $61K | |
| TravelLn 17 | $23K | $22K | $104 | |
| Conferences, conventions and meetingsLn 19 | $19K | $18K | $926 | |
| InsuranceLn 23 | $12K | $12K | ||
| Other expenses (24a–d)Ln 24 | $13K | $4K | $9K | |
| Total functional expensesLn 25 | $842K | $262K | $580K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest | $1.3M | $776K | $491K | $1.8M | 990 PDF |
| FY2023 Viewing | $1.0M | $842K | $207K | $1.3M | 990 PDF |
| FY2022 | $1.1M | $1.2M | −$91K | $1.1M | 990 PDF |
| FY2021 | $2.7M | $1.9M | $838K | $1.2M | 990 PDF |
| FY2020 | $1.2M | $1.6M | −$394K | $314K | 990 PDF |
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Schedules filed Part IV
See the full FY2023 990 (6 parts)
Part I · Summary $1,049,344 revenue, 12 lines filed
Part VI · Governance 25 of 25 board members independent, 3 to look at
Part VIII · Statement of revenue $1,049,344 across 4 lines filed
Part IX · Statement of functional expenses $842,218 across 15 lines filed
Part X · Balance sheet $1,283,565 assets, 11 lines filed
Part XI · Reconciliation of net assets $1,268,829 net assets at year end
Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File
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