Maui Economic Development Board Inc
The Maui Economic Development Board (MEDB) is a 501(c)(3) nonprofit organization incorporated in Hawaii in 1982. Headquartered in Kihei, Hawaii, MEDB works with businesses, government, educators, and community leaders to support the development of a robust and balanced economy that benefits the people of Maui County. The organization employs approximately 26 staff members and operates across all islands in Maui County (Maui, Molokai, and Lanai).
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$13.1M
+8.0% YoY
Annual Giving
$5.8M
Grant Count
410
Avg Grant Size
$14K
Mission & Focus Areas
Vision: Lives fulfilled in a vibrant economy.
Mission: MEDB leads and inspires innovation in business, education, and community.
MEDB's work is organized around three core pillars:
Business Assistance: Support for new and established businesses in sectors that help diversify the economy, including information technology, engineering, aerospace, astronomy/optics, renewable energy, healthcare, agri-technology, and small businesses in rural communities.
Education to Workforce: Development of a skilled workforce of residents while working toward economic equity, including K-12 STEM education, mentorship, and job placement for young professionals.
Convening Community: Bringing diverse groups together to find common ground, collaborate, and move the community forward through civic engagement platforms and community-based decision-making processes.
MEDB's focus has evolved over its history. In its early years, the organization worked to expand Maui's economy beyond tourism, pineapple, and sugarcane. During the 1990s, the emphasis shifted to attracting high-tech businesses. Today, MEDB recognizes that innovation overlaps with every industry in the economy and prioritizes ensuring residents have the skills and entrepreneurial mindset to access these opportunities.
Grantmaking
MEDB received a federal grant from the U.S. Economic Development Administration (EDA) for its STEMworks Challenges & Solutions program:
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Geographic Focus
Where this funder awards grants
MEDB's programs serve Maui County, including the islands of Maui, Molokai, and Lanai, with some activities extending beyond the county.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of June 2023 (most recent tax filing):
- Total Revenue: $6.75 million
- Total Expenses: $5.67 million
- Total Assets: $12.1 million
- Total Liabilities: $6.81 million
Additional Information:
- Annual revenue reported as approximately $5.6 million
- Total funding of $600,000 noted as of November 2024
- The organization reported conflict of interest transactions in its June 2023 tax filing
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $13,085,003 | $12,120,139 | $11,013,718 |
| Revenue | $13,315,928 | $6,751,092 | $4,443,692 |
| Expenses | $12,964,989 | $5,668,592 | $4,454,057 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $-47,808 | $10,477 | $19,544 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
50 grants across all recorded years
Open Grants
3 open opportunities from Maui Economic Development Board Inc
Daniel K. Inouye Innovation Award
MAUI ECONOMIC DEVELOPMENT BOARD INC
Amount
$3,000 cash + $7,000 for school's STEMworks lab (based on past awards)
Deadline
August 5, 2026
Ke Alahele Education Fund
MAUI ECONOMIC DEVELOPMENT BOARD INC
Amount
Varies by project
Deadline
Rolling / Open
Startup Weekend Maui Scholarship
MAUI ECONOMIC DEVELOPMENT BOARD INC
Amount
Varies
Deadline
Rolling / Open
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| LESLIE WILKINS | PRESIDENT & CEO | 40 | $134,853 |
| TIARE MARTIN | CHAIR | 0.3 | — |
| CURTIS TOM | VICE CHAIR | 0.3 | — |
| DEANNA GARCIA | SECRETARY | 0.3 | — |
| ROBERT KAWAHARA | TREASURER | 0.3 | — |
| ROZ ROSALYN BAKER | DIRECTOR | 0.1 | — |
| DWAYNE BETSILL | DIRECTOR | 0.1 | — |
| GRANT CHUN | DIRECTOR | 0.3 | — |
| RYAN CHURCHILL | DIRECTOR | 0.3 | — |
| JERRY CORNELL | DIRECTOR | 0.1 | — |
| NED DAVIS | DIRECTOR | 0.1 | — |
| ROSIE DAVIS | DIRECTOR | 0.1 | — |
| RYAN FUKUSHIMA | DIRECTOR | 0.1 | — |
| DAVID LASSNER | DIRECTOR | 0.1 | — |
| MICHAEL MABERRY | DIRECTOR | 0.1 | — |
| ERIC MATSUDA | DIRECTOR | 0.1 | — |
| J SCOTT MEIDELL | DIRECTOR | 0.1 | — |
| SAEDENE OTA | DIRECTOR | 0.3 | — |
| ELLI PASCUA | DIRECTOR | 0.1 | — |
| LISA PAULSON | DIRECTOR | 0.1 | — |
| CAROL REIMANN | DIRECTOR | 0.1 | — |
| LISA TOMIHAMA | DIRECTOR | 0.3 | — |
| PAM TUMPAP | DIRECTOR | 0.3 | — |
| RICK VOLNER | DIRECTOR | 0.1 | — |
| MICHELLE COCCA | CHIEF FINANCIAL OFFICER | 40 | $97,200 |
Recent News & Activity
Recent developments and announcements
MEDB has been active in supporting Maui's economic recovery and resilience. The organization provides resources for Maui fire recovery and small business support. During the COVID-19 pandemic, MEDB shifted focus to help the local economy and businesses respond to the crisis, providing information and guidance on government relief programs and hosting webinars to support businesses in transition.
The organization operates a wide-ranging slate of programs including K-12 STEM education, mentorship and job placement services, technical assistance and coaching for growing businesses, surveys and focus group research to inform community decision-making, and annual conferences.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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