Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2024
Open to Public Inspection
For calendar year 2024, or tax year beginning 01-01-2024 , and ending 12-31-2024
Name of foundation
KUKUIOLONO PARK TRUST ESTATE
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 3170 DEPT 715
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
HONOLULU, HI968023170
A Employer identification number

99-6003335
B Telephone number (see instructions)

(808) 694-4393
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$24,527,609J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 85,397
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 154,700 154,700  
5a Gross rents............ 264,742 264,742  
b Net rental income or (loss) 94,571
6a Net gain or (loss) from sale of assets not on line 10 761,815
b Gross sales price for all assets on line 6a 2,593,417
7 Capital gain net income (from Part IV, line 2)... 761,815
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances 37,522
b Less: Cost of goods sold.... 14,688
c Gross profit or (loss) (attach schedule)..... 22,834 22,834
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
734,597 0 712,532
12 Total. Add lines 1 through 11........ 2,024,085 1,181,257 735,366
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 121,488 60,744 0 60,744
14 Other employee salaries and wages...... 486,176 0 486,176 0
15 Pension plans, employee benefits....... 96,045 0 96,045 0
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
8,166 0 993 7,173
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
22,107 0 0 22,107
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
47,527 0 0 0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
58,729 4,190 48,234 0
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
78,577 0 78,577
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
666,264 170,171 25,342 412,752
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,585,079 235,105 735,367 502,776
25 Contributions, gifts, grants paid....... 0 0
26 Total expenses and disbursements. Add lines 24 and 25 1,585,079 235,105 735,367 502,776
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 439,006
b Net investment income (if negative, enter -0-) 946,152
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 65,496 192,466 192,466
2 Savings and temporary cash investments......... 162,138 94,147 94,147
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use.............. 5,398 7,506 7,506
9 Prepaid expenses and deferred charges.......... 69,888 54,831 54,831
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 2,786,367 Click to see attachment
List of Attached Documents:
// Content
2,360,485 		4,423,522
c Investments—corporate bonds (attach schedule)....... 1,540,898 Click to see attachment
List of Attached Documents:
// Content
1,537,876 		1,452,535
11 Investments—land, buildings, and equipment: basis right arrow5,811
Less: accumulated depreciation (attach schedule) right arrow   5,811 5,811 17,081,001
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis right arrow3,271,594
Less: accumulated depreciation (attach schedule) right arrow2,049,993 394,632 Click to see attachment
List of Attached Documents:
// Content
1,221,601 		1,221,601
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 5,030,628 5,474,723 24,527,609
Liabilities 17 Accounts payable and accrued expenses.......... 69,817 74,906
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
644 		Click to see attachment
List of Attached Documents:
// Content
644
23 Total liabilities (add lines 17 through 22)......... 70,461 75,550
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 4,960,167 5,399,173
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 0 0
29 Total net assets or fund balances (see instructions)..... 4,960,167 5,399,173
30 Total liabilities and net assets/fund balances (see instructions). 5,030,628 5,474,723
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
4,960,167
2
Enter amount from Part I, line 27a .....................
2
439,006
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
5,399,173
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
5,399,173
Form 990-PF (2024)
Form 990-PF (2024)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a PUBLICLY TRADED SECURITIES - ST   2024-01-01 2024-12-31
b PUBLICLY TRADED SECURITIES - LT   2024-01-01 2024-12-31
c CAPITAL GAINS DIVIDENDS P    
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 196,334   183,539 12,795
b 2,359,372   1,648,063 711,309
c 37,711     37,711
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       12,795
b       711,309
c       37,711
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 761,815
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here right arrow and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 13,152
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 13,152
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 13,152
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 6,851
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 24,000
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 30,851
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 17,699
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow17,699 Refundedright arrow 11 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowHI
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowN/A
14
The books are in care ofright arrowBANK OF HAWAII Telephone no.right arrow (808) 694-4399

Located atright arrow111 SOUTH KING STREETHONOLULUHI ZIP+4right arrow96813
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2024, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2024)
Form 990-PF (2024)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
Yes
 
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2024? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2024 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2024.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
BANK OF HAWAII TRUSTEE
1.00 		121,488 0 0
PO BOX 3170
HONOLULU,HI96802
ADAM P KILLERMANN DIRECTOR
1.00 		0 0 0
PO BOX 3170
HONOLULU,HI96802
THOMAS P LEGACY DIRECTOR
1.00 		0 0 0
PO BOX 3170
HONOLULU,HI96802
JOHN A JENKINS DIRECTOR
1.00 		0 0 0
PO BOX 3170
HONOLULU,HI96802
TRINETTE P KAUI CHAIRMAN
1.00 		0 0 0
PO BOX 3170
HONOLULU,HI96802
ALAN B KING THRU 32024 DIRECTOR
1.00 		0 0 0
PO BOX 3170
HONOLULU,HI96802
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
ROBERT MEDEIROS GENERAL MANAGER
40.00 		109,420 12,512 2,169
PO BOX
LAWAII,HI96765
DEBBIE PULAWA PROSHOP MGR/MERCHAND
40.00 		54,548 9,118 2,169
PO BOX
KALAHEO,HI96741
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
HAYMAN CO (HAWAII) LTD TURF MAINTENANCE SERVICES 631,152
94-062 LEOKANE STREET
WAIPAHU,HI96797
CUSHNIE CONSTRUCTION COMPANY INC CONSTRUCTION SERVICES 157,798
PO BOX 910
KALAHEO,HI96741
JENKINS CONSTRUCTION LLC CONSTRUCTION SERVICES 107,700
1020 D PUU RD
KALAHEO,HI96741
TROON GOLF LLC MANAGEMENT FEES 62,827
15044 N SCOTTSDALE RD STE 300
SCOTTSDALE,AZ85254
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1 KUKIOLONO PARK TRUST SHALL BE USED TO SUPPORT KUKUIOLONO PARK, WHICH IS A PUBLIC PARK THAT SHOULD BE USED TO AID IN THE MENTAL, MORAL, RELIGIOUS, SOCIAL AND PHYSICAL IMPROVEMENT OF THE INHABITANTS OF THE TERRITORY OF HAWAII. PARK SHOULD BE MADE AS BEAUTIFUL AND ATTRACTIVE AND AS USEFUL AND BENEFICIAL TO THE PUBLIC. THE NET INCOME FROM THE TRUST SHOULD BE USED SOLELY FOR MAINTENANCE, GENERAL CARE, IMPROVEMENT AND ENLARGEMENT OF THE PARK. 1,954,722
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2024)
Form 990-PF (2024)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
6,622,564
b
Average of monthly cash balances.......................
1b
209,133
c
Fair market value of all other assets (see instructions)................
1c
17,081,001
d
Total (add lines 1a, b, and c).........................
1d
23,912,698
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
23,912,698
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
358,690
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
23,554,008
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
1,177,700
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
1,177,700
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
13,152
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
13,152
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
1,164,548
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
1,164,548
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
1,164,548
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
1a
502,776
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
922,369
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
1,425,145
Form 990-PF (2024)
Form 990-PF (2024)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2023 		(c)
2023 		(d)
2024
1 Distributable amount for 2024 from Part X, line 7 1,164,548
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 696,689
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2024:
a From 2019......  
b From 2020......  
c From 2021......  
d From 2022......  
e From 2023......  
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 1,425,145
a Applied to 2023, but not more than line 2a 696,689
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2024 distributable amount..... 728,456
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2024. 0 0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		436,092
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2019 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		0
10 Analysis of line 9:
a Excess from 2020....  
b Excess from 2021....  
c Excess from 2022....  
d Excess from 2023....  
e Excess from 2024....  
Form 990-PF (2024)
Form 990-PF (2024)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2024, enter the date of the ruling ...... right arrow
1973-11-28
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2024 (b) 2023 (c) 2022 (d) 2021
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2024)
Form 990-PF (2024)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year
Total .................................right arrow 3a 0
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		         
4 Dividends and interest from securities ....     14 154,700  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....     16 94,571  
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 761,815  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory         22,834
11 Other revenue:
aDRIVING RANGE 		        36,357
bCART FEES         233,390
cGREEN FEES         263,998
dGOLF CARDS/PASSES         88,800
eCLUBHOUSE INCOME         89,987
fTAX REFUNDS     01 22,065  
12 Subtotal. Add columns (b), (d), and (e) .. 0 1,033,151 735,366
13Total. Add line 12, columns (b), (d), and (e)..................
13
1,768,517
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
11A MAINTENANCE OF GOLF COURSE
-11E MAINTENANCE OF GOLF COURSE
10 MAINTENANCE OF GOLF COURSE
Form 990-PF (2024)
Form 990-PF (2024)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
right arrow right arrow
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date Check if self-
employed right arrow		 PTIN
Firm's name Right Arrow
 Firm's EIN Right Arrow
Firm's address Right Arrow


 Phone no.
Form 990-PF (2024)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description
Schedule B
(Form 990)
(Rev. January 2025)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

right arrow Attach to Form 990, 990-EZ, or 990-PF.
right arrow Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
Name of the organization
KUKUIOLONO PARK TRUST ESTATE
 
Employer identification number

99-6003335
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ
501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization


Form 990-PF
501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation
Check if your organization is covered by the General Rule or a Special Rule.  
Note:  Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.
Special Rules
For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 331/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Don't complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... Right Arrow $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025) Page 2
Name of organization
KUKUIOLONO PARK TRUST ESTATE
  		Employer identification number
99-6003335
Part I
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
WALTER D MCBRYDE TRUST
 
PO BOX 3170
 
HONOLULU, HI968023170

$ 85,200


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 3
Name of organization
KUKUIOLONO PARK TRUST ESTATE
  		Employer identification number

99-6003335
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 4
Name of organization
KUKUIOLONO PARK TRUST ESTATE
  		Employer identification number

99-6003335
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c) (7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (Rev. 1-2025)
Additional Data


Software ID:  
Software Version:  

TY 2024 AccountingFeesSchedule
Name:
KUKUIOLONO PARK TRUST ESTATE
EIN:
99-6003335
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 22,107 0 0 22,107

Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

TY 2024 DepreciationSchedule
Name:
KUKUIOLONO PARK TRUST ESTATE
EIN:
99-6003335
Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
Life (# of years)		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
LAND 2001-01-01 11,189   L   0 0 0  
CLUBHOUSE 1972-02-01 101,016 101,013 SL 40.000000000000 0 0 0  
CLUBHOUSE RECONSTRUCTION 1993-05-01 96,689 96,689 SL 25.000000000000 0 0 0  
CART STORAGE BLDG RECONSTRUCTION 1993-05-01 31,277 31,277 SL 15.000000000000 0 0 0  
WORKSHOP / WAREHOUSE 1993-06-01 77,667 77,667 SL 20.000000000000 0 0 0  
PAVILLION RECONSTRUCTION 1993-07-01 43,117 43,117 SL 15.000000000000 0 0 0  
RESTROOM #8 RENOVATION - ROOF, SKYLIGHT 1998-10-01 8,268 8,199 SL 10.000000000000 0 0 0  
CLUBHOUSE TILE ROOF 2000-05-01 19,722 11,973 SL 39.000000000000 506 0 506  
ENTRANCE FENCE 2001-06-01 8,000 7,997 SL 15.000000000000 0 0 0  
OFFICE STORAGE EXTENSION 2001-07-01 9,329 5,379 SL 39.000000000000 239 0 239  
ENTRANCE FENCE 2002-04-01 7,346 7,346 SL 15.000000000000 0 0 0  
50 GALLON SPRAYER 2003-01-31 1,984 1,984 SL 5.000000000000 0 0 0  
9 WITTEK BALL WASHERS 2003-01-31 2,022 2,022 SL 5.000000000000 0 0 0  
TORO GROUNDMASTER 2003-11-30 20,729 20,729 SL 5.000000000000 0 0 0  
PAVING (ENTRANCE GATE) 2006-05-01 12,594 12,594 SL 15.000000000000 0 0 0  
TORO GREENSMASTER GM3250 2006-08-01 29,332 29,332 SL 5.000000000000 0 0 0  
LANDSCAPING 2006-10-01 71,368 71,368 SL 15.000000000000 0 0 0  
TANDEM DISC HARROW 2008-08-01 2,177 2,177 SL 5.000000000000 0 0 0  
LANDSCAPING 2008-09-01 6,074 6,074 SL 15.000000000000 0 0 0  
2001 WITTEK 3 GANG BALL HAWK 2008-10-01 2,563 2,563 SL 5.000000000000 0 0 0  
LANDSCAPING 2008-10-01 28,807 28,800 SL 15.000000000000 0 0 0  
WASTE WATER SYSTEM 2008-12-01 48,974 48,974 SL 15.000000000000 0 0 0  
FULLY DEPRECIATED ASSETS 2001-01-01 458,359 448,934 NC 0 % 0 0 0  
1999 CHETECH HIGHLANDER BUNKER RAKE 2009-07-01 1,042 1,042 SL 5.000000000000 0 0 0  
LANDSCAPING 2009-09-23 52,324 49,704 SL 15.000000000000 2,616 0 2,616  
LANDSCAPING 2009-12-29 52,324 48,832 SL 15.000000000000 3,488 0 3,488  
TORO ROUGH MOWER 2009-09-28 32,954 32,954 SL 5.000000000000 0 0 0  
BRONZE PLAQUES, WHALER'S POT, DEER SCULPTURE 2009-11-16 1,212 1,141 SL 15.000000000000 71 0 71  
REFRIGERATORS (2) 2009-07-01 6,697 6,697 SL 5.000000000000 0 0 0  
LANDSCAPING 2009-12-15 44,426 41,715 SL 15.000000000000 2,711 0 2,711  
DOORS 2010-02-01 326 326 SL 7.000000000000 0 0 0  
RAILING 2010-02-01 2,150 2,150 SL 7.000000000000 0 0 0  
KITCHEN HOOD 2010-02-08 7,850 7,850 SL 5.000000000000 0 0 0  
GARAGE DOORS 2010-07-15 2,980 2,980 SL 7.000000000000 0 0 0  
LANDSCAPING 2010-02-16 52,324 48,251 SL 15.000000000000 3,488 0 3,488  
LANDSCAPING 2010-10-05 52,324 46,216 SL 15.000000000000 3,488 0 3,488  
LANDSCAPING 2010-10-25 53,797 47,216 SL 15.000000000000 3,586 0 3,586  
SNACK BAR FLOORING 2010-10-05 9,844 9,844 SL 7.000000000000 0 0 0  
ROAD 2010-10-05 82,500 72,875 SL 15.000000000000 5,500 0 5,500  
LANDSCAPING 2010-09-16 10,185 8,997 SL 15.000000000000 679 0 679  
SIGNS 2011-05-17 3,951 3,951 SL 5.000000000000 0 0 0  
ROCK WALL 2011-11-01 6,500 5,268 SL 15.000000000000 433 0 433  
GREASE TRAP 2011-09-12 2,458 2,458 SL 5.000000000000 0 0 0  
PAVILLION ROOF 2012-03-30 15,625 12,243 SL 15.000000000000 1,042 0 1,042  
TRACTOR 2012-04-16 42,177 42,177 SL 5.000000000000 0 0 0  
VENTILATION LIGHTS (4) 2013-06-06 4,320 4,320 SL 10.000000000000 0 0 0  
A/V SYSTEM 2013-05-16 1,342 1,342 SL 5.000000000000 0 0 0  
KITCHEN APPLIANCES 2013-02-04 4,987 4,987 SL 5.000000000000 0 0 0  
SNACK BAR RENOVATION 2013-02-04 4,936 3,592 SL 15.000000000000 329 0 329  
RESTAURANT GAS LINES 2013-02-14 3,290 1,441 SL 25.000000000000 132 0 132  
RESTAURANT APPLIANCES 2013-02-14 580 580 SL 5.000000000000 0 0 0  
PARKING LOT 2013-09-26 188,312 96,514 SL 20.000000000000 9,416 0 9,416  
FANS/LIGHTS 2013-02-28 2,462 2,462 SL 5.000000000000 0 0 0  
FLOORING 2013-02-28 4,961 4,961 SL 7.000000000000 0 0 0  
ELECTRICAL SYSTEM UPDATE 2013-03-31 7,449 2,000 SL 40.000000000000 186 0 186  
SIGNS 2013-09-30 2,190 2,190 SL 5.000000000000 0 0 0  
PAINTING 2013-12-31 1,400 350 SL 40.000000000000 35 0 35  
TANKLESS WATER HEATER 2014-10-01 1,875 1,875 SL 5.000000000000 0 0 0  
SIGNS 2014-09-16 8,830 8,830 SL 5.000000000000 0 0 0  
CESSPOOL COVER 2014-10-02 4,600 2,840 SL 15.000000000000 307 0 307  
RANGEHOOD FIRE SYSTEM 2014-10-21 4,057 4,057 SL 5.000000000000 0 0 0  
WATER HEATER 2014-03-31 1,076 1,076 SL 5.000000000000 0 0 0  
SIGNS 2014-01-31 2,302 2,302 SL 5.000000000000 0 0 0  
URINALS 2015-09-22 2,292 2,292 SL 5.000000000000 0 0 0  
GARAGE DOORS 2015-05-20 2,950 2,950 SL 7.000000000000 0 0 0  
ROTARY MOWER 2016-03-23 30,203 30,203 SL 5.000000000000 0 0 0  
TRACTOR 2016-03-23 5,208 5,208 SL 5.000000000000 0 0 0  
AERATOR 2016-07-21 4,479 4,479 SL 5.000000000000 0 0 0  
TURF EQMT 2016-02-11 34,160 34,160 SL 5.000000000000 0 0 0  
B. HAYMAN CO PLANET AIR AERATOR 2017-01-13 13,541 13,541 SL 5.000000000000 0 0 0  
KAUAI LAGOONS - TRACTOR 2017-01-24 1,000 1,000 SL 5.000000000000 0 0 0  
KAUAI LAGOONS - 2 SAND PRO 2017-01-24 4,000 4,000 SL 5.000000000000 0 0 0  
KAUAI LAGOONS - TRAILER/TRIPLEX 2017-01-24 500 500 SL 5.000000000000 0 0 0  
KUKUIULA DEV - JACOBSEN 2017-01-24 3,500 3,500 SL 5.000000000000 0 0 0  
B HAYMAN - TURF TRUCKSTER 2017-04-27 16,654 16,654 SL 5.000000000000 0 0 0  
TILE FLOORING 2018-02-23 4,260 3,552 SL 7.000000000000 609 0 609  
ICE MACHINE 2019-03-13 5,308 3,664 SL 7.000000000000 0 0 0  
31 YAMAHA GOLF CARTS 2019-04-04 263,869 125,338 SL 10.000000000000 26,387 0 26,387  
IMPROVEMENTS - ADA 2019-06-24 3,703 1,111 SL 15.000000000000 247 0 247  
KUBOTA TRACTOR 2019-06-03 13,613 12,480 SL 5.000000000000 1,133 0 1,133  
TURFCAT 4WD 2019-06-20 5,236 4,712 SL 5.000000000000 524 0 524  
GOLF SHOP RENOVATIONS 2019-10-28 16,732 4,646 SL 15.000000000000 1,115 0 1,115  
1 TURF GATOR UTILITY CART (#43) 2008-08-01 7,031 7,031 SL 5.000000000000 0 0 0  
1 YAMAHA UTILITY CART (#57) 2009-11-12 7,880 7,880 SL 5.000000000000 0 0 0  
1 UTILITY CART (#72) 2011-09-29 8,735 8,735 SL 5.000000000000 0 0 0  
SOLAR VENTS 2020-11-27 3,120 962 SL 10.000000000000 312 0 312  
GOLF CARTS - 4 OF ORIG PURCH #109, 117 2005-12-01 16,660 16,660 SL 10.000000000000 0 0 0  
TORO PRO FORCE BLOWER (USED) 2021-02-01 3,429 2,001 SL 5.000000000000 686 0 686  
TORO GREENS MASTER 3420 (USED) 2021-02-01 4,880 2,847 SL 5.000000000000 976 0 976  
TORO WORKMAN HDX 4X4 (USED) 2021-02-01 3,126 1,823 SL 5.000000000000 625 0 625  
GRAVELY PRO-STANCE 48" ROTARY 2021-02-01 5,485 3,200 SL 5.000000000000 1,097 0 1,097  
CAPITAL IMPROVEMENT - GREENS 2021-05-10 8,000 1,422 SL 15.000000000000 533 0 533  
CAPITAL IMPROVEMENT - GREENS 2021-07-14 6,998 1,167 SL 15.000000000000 467 0 467  
CAPITAL IMPROVEMENT - TEES 2021-08-01 1,399 225 SL 15.000000000000 93 0 93  
LAWNMOWER 2023-03-15 18,215 3,036 SL 5.000000000000 0 0 0  
CAPITAL IMPROVEMENT - ROOF 2023-07-06 23,500 783 SL 15.000000000000 1,567 0 1,567  
CAPITAL IMPROVEMENT - GOLF COURSE 2024-09-09 149,908   SL 15.000000000000 3,331 0 3,331  
2 CLUB CARS 2024-09-16 8,012   SL 5.000000000000 401 0 401  
ISX800 24HP KAWASAKI 2024-12-01 13,346   SL 5.000000000000 222 0 222  
JENKINS CONSTRUCTION LLC (CIP)   107,700   SL 15.000000000000 0 0 0  
NESS TURF (CIP)   12,251   SL 15.000000000000 0 0 0  
HAYMAN CO. (CIP)   631,152   SL 15.000000000000 0 0 0  

TY 2024 InvestmentsCorpBondsSchedule
Name:
KUKUIOLONO PARK TRUST ESTATE
EIN:
99-6003335
Name of Bond End of Year Book Value End of Year Fair Market Value
31428Q101 FEDERATED HERMES TOTAL RETURN BOND FUND 509,090 436,960
921937603 VANGUARD TOTAL BOND MARKET INDEX FUND ADM 994,926 983,345
92206C813 VANGUARD LONG-TERM CORP BOND 33,860 32,230

TY 2024 InvestmentsCorpStockSchedule
Name:
KUKUIOLONO PARK TRUST ESTATE
EIN:
99-6003335
Name of Stock End of Year Book Value End of Year Fair Market Value
02079K107 ALPHABET INC CL C 4,381 7,998
02079K305 ALPHABET INC CL A 512 7,572
023135106 AMAZON.COM INC 18,060 32,250
037833100 APPLE INC 1,290 31,803
03831W108 APPLOVIN CORP- CLASS A 18,912 48,251
04626A103 ASTERA LABS INC 4,617 6,490
053332102 AUTOZONE INC 4,842 9,606
066922204 ISHARES S&P 500 INDEX FUND 274,670 772,206
084670702 BERKSHIRE HATHAWAY INC CL B 2,962 16,771
09075V102 BIONTECH SE-ADR 1,763 1,709
101137107 BOSTON SCIENTIFIC CORP 2,788 4,824
122017106 BURLINGTON STORES INC. 2,301 2,280
127387108 CADENCE DESIGN SYSTEMS INC 3,610 3,606
14448C104 CARRIER GLOBAL CORP 6,862 11,536
166764100 CHEVRON CORP 5,782 9,560
17275R102 CISCO SYSTEMS 9,034 13,616
247361702 DELTA AIR LINES INC 2,998 2,845
254687106 DISNEY WALT CO 5,029 5,345
256206103 DODGE & COX INTERNATIONAL STOCK FUND CLASS I 69,121 99,790
29082A107 EMBRAER SA ADR 1,700 6,420
30231G102 EXXON MOBIL CORP 7,394 7,637
30303M102 META PLATFORMS INC CL A 7,707 25,762
337932107 FIRSTENERGY CORP 5,722 7,956
36168Q104 GFL ENVIRONMENTAL INC SUB VT 19,050 22,849
369550108 GENERAL DYNAMICS CORP 4,845 9,222
38141G104 GOLDMAN SACHS GROUP INC 5,955 16,033
38144N593 GOLDMAN SACHS INTERNATIONAL SMALL CAP INSIGHTS INSTL 78,720 95,139
437076102 HOME DEPOT INC 2,529 5,057
464287481 ISHARES RUSSELL MIDCAP GROWTH INDEX FUND 12,982 12,675
46625H100 JP MORGAN CHASE & CO 2,378 14,383
47803W406 JOHN HANCOCK III DISC M/C-IS 87,526 184,427
478160104 JOHNSON & JOHNSON 3,495 7,665
4812A0623 JPMORGAN EMERG MRKT EQ-I 103,021 109,472
49456B101 KINDER MORGAN INC 5,613 8,795
500472303 KONINKLIJKE PHILIPS NV NY SHR 4,066 5,165
52106N889 LAZARD EMERGING MKTS EQUITY PORT INSTL 60,000 56,739
531229755 LIBERTY MEDIA CORP - LIB NEW C 3,618 4,726
532457108 LILLY ELI & CO 3,016 3,088
58155Q103 MCKESSON CORP 2,573 10,828
58733R102 MERCADOLIBRE INC 3,402 6,802
58933Y105 MERCK & CO INC 1,704 4,576
59151K108 METHANEX CORP 3,681 3,995
594918104 MICROSOFT CORP 13,669 52,688
629377508 NRG ENERGY INC 4,241 4,060
632307104 NATERA INC 3,470 10,923
64110L106 NETFLIX INC 10,462 12,478
651639106 NEWMONT CORPORATION 4,150 5,992
67066G104 NVIDIA CORP 16,160 108,238
70450Y103 PAYPAL HOLDINGS INC. 10,190 11,266
717081103 PFIZER INC 6,727 5,359
742718109 PROCTER & GAMBLE CO 2,400 6,538
74316J458 CONGRESS MID CAP GROWTH-INS 73,146 122,920
747525103 QUALCOMM INC 2,001 7,067
74834L100 QUEST DIAGNOSTICS INC 4,950 6,034
75513E101 RAYTHEON TECHNOLOGIES CORP 7,440 13,424
780259305 SHELL PLC NPV ADR 4,671 5,137
78409V104 S&P GLOBAL INC 2,258 5,976
79466L302 SALESFORCE INC 5,408 7,021
803054204 SAP SE SPONS ADR 3,891 8,125
808513105 CHARLES SCHWAB CORP 3,768 7,697
842587107 SOUTHERN CO 4,435 6,421
87422Q109 TALEN ENERGY CORP 3,540 3,425
88160R101 TESLA INC. 11,663 11,711
902973304 US BANCORP 2,145 4,448
921909818 VANGUARD TOTAL INTL ST INDEX FUND-ADM 352,730 436,970
921943858 VANGUARD FTSE DEVELOPED ETF 439,421 449,651
922042858 VANGUARD FTSE EMERGING MARKETS ETF 40,567 44,436
922908728 VANGUARD TOTL STK MKT IND-AD 428,917 1,286,819
92537N108 VERTIV HOLDINGS CO 11,396 9,430
92826C839 VISA INC CL A SHARES 658 11,377
931142103 WALMART INC 2,786 14,095
G29183103 EATON CORP PLC 6,320 15,266
H1467J104 CHUBB LTD 3,804 8,289
N07059210 ASML HOLDING NV NY REG SHS 2,870 2,772

TY 2024 LandEtcSchedule2
Name:
KUKUIOLONO PARK TRUST ESTATE
EIN:
99-6003335
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
LAND 11,189 0 11,189  
CLUBHOUSE 101,016 101,013 3  
CLUBHOUSE RECONSTRUCTION 96,689 96,689 0  
CART STORAGE BLDG RECONSTRUCTION 31,277 31,277 0  
WORKSHOP / WAREHOUSE 77,667 77,667 0  
PAVILLION RECONSTRUCTION 43,117 43,117 0  
RESTROOM #8 RENOVATION - ROOF, SKYLIGHT 8,268 8,199 69  
CLUBHOUSE TILE ROOF 19,722 12,479 7,243  
ENTRANCE FENCE 8,000 7,997 3  
OFFICE STORAGE EXTENSION 9,329 5,618 3,711  
ENTRANCE FENCE 7,346 7,346 0  
50 GALLON SPRAYER 1,984 1,984 0  
9 WITTEK BALL WASHERS 2,022 2,022 0  
TORO GROUNDMASTER 20,729 20,729 0  
PAVING (ENTRANCE GATE) 12,594 12,594 0  
TORO GREENSMASTER GM3250 29,332 29,332 0  
LANDSCAPING 71,368 71,368 0  
TANDEM DISC HARROW 2,177 2,177 0  
LANDSCAPING 6,074 6,074 0  
2001 WITTEK 3 GANG BALL HAWK 2,563 2,563 0  
LANDSCAPING 28,807 28,800 7  
WASTE WATER SYSTEM 48,974 48,974 0  
FULLY DEPRECIATED ASSETS 458,359 448,934 9,425  
1999 CHETECH HIGHLANDER BUNKER RAKE 1,042 1,042 0  
LANDSCAPING 52,324 52,320 4  
LANDSCAPING 52,324 52,320 4  
TORO ROUGH MOWER 32,954 32,954 0  
BRONZE PLAQUES, WHALER'S POT, DEER SCULPTURE 1,212 1,212 0  
REFRIGERATORS (2) 6,697 6,697 0  
LANDSCAPING 44,426 44,426 0  
DOORS 326 326 0  
RAILING 2,150 2,150 0  
KITCHEN HOOD 7,850 7,850 0  
GARAGE DOORS 2,980 2,980 0  
LANDSCAPING 52,324 51,739 585  
LANDSCAPING 52,324 49,704 2,620  
LANDSCAPING 53,797 50,802 2,995  
SNACK BAR FLOORING 9,844 9,844 0  
ROAD 82,500 78,375 4,125  
LANDSCAPING 10,185 9,676 509  
SIGNS 3,951 3,951 0  
ROCK WALL 6,500 5,701 799  
GREASE TRAP 2,458 2,458 0  
PAVILLION ROOF 15,625 13,285 2,340  
TRACTOR 42,177 42,177 0  
VENTILATION LIGHTS (4) 4,320 4,320 0  
A/V SYSTEM 1,342 1,342 0  
KITCHEN APPLIANCES 4,987 4,987 0  
SNACK BAR RENOVATION 4,936 3,921 1,015  
RESTAURANT GAS LINES 3,290 1,573 1,717  
RESTAURANT APPLIANCES 580 580 0  
PARKING LOT 188,312 105,930 82,382  
FANS/LIGHTS 2,462 2,462 0  
FLOORING 4,961 4,961 0  
ELECTRICAL SYSTEM UPDATE 7,449 2,186 5,263  
SIGNS 2,190 2,190 0  
PAINTING 1,400 385 1,015  
TANKLESS WATER HEATER 1,875 1,875 0  
SIGNS 8,830 8,830 0  
CESSPOOL COVER 4,600 3,147 1,453  
RANGEHOOD FIRE SYSTEM 4,057 4,057 0  
WATER HEATER 1,076 1,076 0  
SIGNS 2,302 2,302 0  
URINALS 2,292 2,292 0  
GARAGE DOORS 2,950 2,950 0  
ROTARY MOWER 30,203 30,203 0  
TRACTOR 5,208 5,208 0  
AERATOR 4,479 4,479 0  
TURF EQMT 34,160 34,160 0  
B. HAYMAN CO PLANET AIR AERATOR 13,541 13,541 0  
KAUAI LAGOONS - TRACTOR 1,000 1,000 0  
KAUAI LAGOONS - 2 SAND PRO 4,000 4,000 0  
KAUAI LAGOONS - TRAILER/TRIPLEX 500 500 0  
TILE FLOORING 4,260 4,161 99  
31 YAMAHA GOLF CARTS 263,869 151,725 112,144  
IMPROVEMENTS - ADA 3,703 1,358 2,345  
KUBOTA TRACTOR 13,613 13,613 0  
TURFCAT 4WD 5,236 5,236 0  
GOLF SHOP RENOVATIONS 16,732 5,761 10,971  
SOLAR VENTS 3,120 1,274 1,846  
TORO PRO FORCE BLOWER (USED) 3,429 2,687 742  
TORO GREENS MASTER 3420 (USED) 4,880 3,823 1,057  
TORO WORKMAN HDX 4X4 (USED) 3,126 2,448 678  
GRAVELY PRO-STANCE 48" ROTARY 5,485 4,297 1,188  
CAPITAL IMPROVEMENT - GREENS 8,000 1,955 6,045  
CAPITAL IMPROVEMENT - GREENS 6,998 1,634 5,364  
CAPITAL IMPROVEMENT - TEES 1,399 318 1,081  
CAPITAL IMPROVEMENT - ROOF 23,500 2,350 21,150  
CAPITAL IMPROVEMENT - GOLF COURSE 149,908 3,331 146,577  
2 CLUB CARS 8,012 401 7,611  
ISX800 24HP KAWASAKI 13,346 222 13,124  
JENKINS CONSTRUCTION LLC (CIP) 107,700 0 107,700  
NESS TURF (CIP) 12,251 0 12,251  
HAYMAN CO. (CIP) 631,152 0 631,152  


TY 2024 LegalFeesSchedule
Name:
KUKUIOLONO PARK TRUST ESTATE
EIN:
99-6003335
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 8,166 0 993 7,173


TY 2024 OtherExpensesSchedule
Name:
KUKUIOLONO PARK TRUST ESTATE
EIN:
99-6003335
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
DUES, FEES & LICENSES 938 0 938 0
INSURANCE 186,256 0 186,256 0
OCCUPANCY/UTILITIES 28,798 0 28,798 0
REPAIRS & MAINTENANCE 83,012 0 83,012 0
SUPPLIES 6,134 0 6,134 0
BCG MANAGEMENT FEES 62,827 0 62,827 0
MISCELLANEOUS 101,696 0 1,975 41,722
SALES & PROMOTIONAL EXPENSES 1,470 0 1,470 0
PAYROLL PROCESSING 7,501 0 7,501 0
OPERATING EXP IN EXCESS OF INCOME 0 0 -371,030 371,030
BANK FEES 638 0 638 0
ASSET DISPOSALS 16,823 0 16,823 0
RENTAL - INSURANCE 17,277 17,277   0
RENTAL - OCCUPANCY/UTILITIES 3,874 3,874   0
RENTAL - REAL PROPERTY TAX 70,830 70,830   0
RENTAL - LEGAL & PROFESSIONAL FEES 15,564 15,564   0
RENTAL - REPAIRS & MAINTENANCE 8,480 8,480   0
RENTAL - MISC EXPENSES 54,146 54,146   0


TY 2024 OtherIncomeSchedule2
Name:
KUKUIOLONO PARK TRUST ESTATE
EIN:
99-6003335
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
DRIVING RANGE 36,357   36,357
CART FEES 233,390   233,390
GREEN FEES 263,998   263,998
GOLF CARDS/PASSES 88,800   88,800
CLUBHOUSE INCOME 89,987   89,987
TAX REFUNDS 22,065   0


TY 2024 OtherLiabilitiesSchedule
Name:
KUKUIOLONO PARK TRUST ESTATE
EIN:
99-6003335
Description Beginning of Year - Book Value End of Year - Book Value
UNCLAIMED PROPERTY 644 644


TY 2024 OtherProfessionalFeesSchedule
Name:
KUKUIOLONO PARK TRUST ESTATE
EIN:
99-6003335
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT MGMT FEES 47,527 0 0 0


TY 2024 TaxesSchedule
Name:
KUKUIOLONO PARK TRUST ESTATE
EIN:
99-6003335
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FEDERAL EXCISE TAXES 6,305 0 0 0
FOREIGN TAXES 4,190 4,190 0 0
GENERAL EXCISE TAXES 48,234 0 48,234 0