Kuleana minutes— Feb. 22, 2011

Kuleana Project MEETING SUMMARY Micro-Lending/Support Team
Date Time Location
Tuesday, February 22, 2011 4:45pm – 6:05pm Catholic Charities, 1822 Keeamoku St.
Leads Attendees
▪ Fran Gendrano
▪ John Cheever ▪ Rona Fukumoto (Out)
▪ Jessica Horiuchi
▪ Kevin Kawahara ▪ Michael Morales
▪ Ben Ancheta (Out)
▪ Lorene Yap ▪ Yvette Maskrey (Out)
▪ Kim Horan
▪ Char Dote
TODAY’S AGENDA

1. Meeting was called to order at 4:45pm
2. Kuleana Discussion.
a. Meeting notes were not submitted on 2/7. Meeting was classified as a working session.
b. John C. welcomed and approved 2 new board members to the group: Kim Horan and Char Dote.
c. Hale Takazawa sent a very positive email regarding the initiative.
d. Paul Brewbaker has not responded to the concept plan information that was submitted by John C.
e. Honolulu Committee Fund forgave $792K in loans. Kuleana is learning from t
f. Good response from Young Presidents and Gift foundation. Request to be submitted to their Boards.
g. Women’s fund application is in progress. (John C.)
i. Need to clarify how the overhead is addressed based on allocation of funds for women? Review application. (John C.)
h. PID is the fiscal sponsor for IIF only. If we get funded from IIF then we need to provide the MOA.
i. Group agrees to keep from keep
j. Provide John with other money sources.
k. Kim H. advised that Aloha United Way may also be looking to accept applications. Follow to confirm. (Kim H.)
l. Revolusun may also be an option. Follow up. (John C)
m. Char D. advised that maybe we should ping the more of the PCF alumni.

3. By-laws Review
a. Upon dissolution of your organization where does the funding/assets go? Must be specified in by-law after reviewed by legal counsel. (Mike M.)
b. Articles of organization test should limit the purposes to one or more of the examples provided. Kuleana falls under example 5. Use charitable purposes and relief of the pure. Add to the by-laws. Obtain information from John C.. (Mike M.)
c. Send John C. updated By-laws. (Mike M.)

4. 501(c)3 Application Review
a. Noted that Jeff Pieper advised that we need to identify which schedule should be submitted and a narrative. Also need to note relief of the board. (John C.)
i. Schedule A – H are not applicable to Kuleana. Need to confirm which schedule we need to fill out. Check with Jeff Pieper and/or Trevor Asam. (John C. and Fran G.)
1. Identify where the majority of the funds?
2. Confirm schedule information. (John C.)
a. Per Jessica H. Kuleana most likely falls under the “other” category, does not appear that we need to fill out a schedule.
3. Upon dissolution of your organization where does the funding/assets go?
b. Review the by-laws and update for verbiage on elected officials. (Mike M.)
c. Noted that we have filed Articles of incorporation with the DCCA.
d. John C. reviewed the 501(C)3 application in detail and answered the questions. The following are some highlights of a few of the notable items during the question review.
i. Articles of organization are not developed. We should draft and include Board terms, number of members. Provide to John C. before next meeting. (Fran G.)
ii. Noted we are a public charity with eventual broad public support.
iii. Describe the fund raising activities to obtain donations/funds: Email, personal, foundation, grant, website, government grant. (
iv. We will accept donations from outside of the Hawaii.
v. Noted that Rona is not a Board Member due to potential conflict of interests with Catholic Charities.
vi. Kevin provided an update for an application for insurance liabilities and the E&O is $1500 and D&O is $7500.
vii. We do not have close connections at this time.
viii. Clarification and need a request for definitive rulings.
ix. Noted that, Gross receipts are the total amounts the organization received from all sources during its annual accounting period, without subtracting any costs or expenses.

5. Island Innovation Fund Update
a. Application submitted.
b. No other updates.

6. Other Kuleana Business
a. Kuleana Networking/Outreach Listing
i. Women’s Fund
ii. Aloha United Way
iii. UH
iv. PCF Alumni
v. Young Presidents
vi. Gift Foundation
vii. Iolani Entrepreneur’s Club


b. Beta Applicant Form Review
i. No updates at this time.

7. New Kuleana Business
a. No Updates at this time.

8. Meeting Updates
a. Meeting notes were not submitted on 2/7. Meeting was classified as a working session.

9. Meeting adjourned at 6:05pm

UPCOMING MEETINGS/KEY EVENTS
• Next meeting is scheduled for March 7th, 4:30pm at Catholic Charities, 1822 Keeamoku Street, Room TBD.