2024-07-02T16:20:36-05:00 2023-12-31 261659234 CW ASSOCIATES CPAS 700 BISHOP STREET SUITE 1040 HONOLULU HI 96813 990 2023-01-01 990185999 PACIFIC FLEET SUBMARINE MEMORIAL ASSOC PACI 8084231341 11 ARIZONA MEMORIAL DRIVE HONOLULU HI 96818 CAPT CHARLES K MERKEL EXECUTIVE DIRECTOR/PRESIDENT 8084231341 2024-07-02 1 CAPT CHARLES K MERKEL 999009999 0 RODNEY M HARANO P00389596 8085311040 2024-06-18 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z USS BOWFIN CAPT CHARLES K MERKEL 11 ARIZONA MEMORIAL DRIVE HONOLULU HI 96818 10749285 0 X WWW.BOWFIN.ORG X 1978 HI TO ESTABLISH AND MAINTAIN A WORLD WAR II SUBMARINE, MUSEUM, AND MEMORIAL. 18 17 48 32 0 0 717739 804381 7059204 7938959 182384 245058 1003208 1190005 8962535 10178403 7600 69216 0 0 1859506 2105233 0 0 40030 3936634 4594574 5803740 6769023 3158795 3409380 35065985 38784260 11135119 10605278 23930866 28178982 TO ESTABLISH AND MAINTAIN A WORLD WAR II SUBMARINE, MUSEUM, AND MEMORIAL. 0 0 5811863 69216 8695583 TO ESTABLISH AND MAINTAIN A WORLD WAR II SUBMARINE, MUSEUM, AND MEMORIAL. TO AWARD ACADEMIC SCHOLARSHIPS THROUGH THE USS BOWFIN MEMORIAL SCHOLARSHIPS (ADMINISTERED BY HAWAII COMMUNITY FOUNDATION) AND USS KAMEHAMEHA SCHOLARSHIPS (ADMINISTERED BY PAUAHI FOUNDATION). 5811863 1 1 0 0 0 0 0 1 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 48 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 18 17 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 HI X CAPT CHARLES K MERKEL USN RETIRE 8084231341 11 ARIZONA MEMORIAL DRIVE HONOLULU HI 96818 CHARLES K MERKEL USN RET EXECUTIVE DIRECTOR/PRESIDENT 40.00 X X 211250 0 22926 PETER W MILLER USN RET CHAIRMAN/DIRECTOR 2.00 X X 0 0 0 STEVEN AUERBACH VICE PRESIDENT/DIRECTOR 2.00 X X 0 0 0 WILLIAM HICKS TREASURER/DIRECTOR 2.00 X X 0 0 0 COLIN YOSHIYAMA SECRETARY 2.00 X X 0 0 0 ALISA BENDER DIRECTOR 1.00 X 0 0 0 SAMUEL S DANNAWAY DIRECTOR 1.00 X 0 0 0 MELANIE HORIKAMI DIRECTOR 1.00 X 0 0 0 ALAN ITO DIRECTOR 1.00 X 0 0 0 THOMAS G KYLE DIRECTOR 1.00 X 0 0 0 STEVEN MADRACCIA DIRECTOR 1.00 X 0 0 0 RODERICK J PEROFF DIRECTOR 1.00 X 0 0 0 SHAUNA TONKIN DIRECTOR 1.00 X 0 0 0 RANDALL C WHATTOFF DIRECTOR/CORPORATE COUNSEL 1.00 X X 0 0 0 CAROLINE WITHERSPOON DIRECTOR 1.00 X 0 0 0 MICHAEL DECAPRIO DIRECTOR 1.00 X 0 0 0 ANDREW ST JOHN DIRECTOR 1.00 X 0 0 0 JEFFREY GRIFFIN DIRECTOR 1.00 X 0 0 0 BRIAN D FILA USN RET FORMER SECRETARY 2.00 X X 0 0 0 SAMANTHA SNEED FORMER DIRECTOR 1.00 X 0 0 0 JACK SHRIVER FORMER DIRECTOR 1.00 X 0 0 0 211250 0 22926 1 0 1 0 SERVICE SYSTEMS ASSOCIATES GROUP LLC 4264 CENTRAL PARK BLVD STE 100 DENVER CO 80238 TICKETING OPERATION 658535 WASA ELECTRICAL SERVICES PO BOX 31307 HONOLULU HI 96820 LED LIGHTING INSTALLATION 334023 ALII GLASS AND METAL 2159 LAUWILIWILI ST KAPOLEI HI 96707 WINDOW AND DOOR REPLACEMENT 179295 TORY'S ROOFING AND WATERPROOFING 96-1382 WAIHONA ST PEARL CITY HI 96782 ROOF REPAIR 169105 4 2100 546562 255719 804381 ADMISSIONS 712110 7377493 7377493 STORAGE LOCKER FACILITIES 712110 561466 561466 7938959 325785 325785 433381 0 433381 433381 433381 490155 553937 16945 -63782 -16945 -80727 -80727 745206 0 745206 745206 OTHER REVENUE 900099 7418 7418 RECOVERIES OF BAD DEBTS 900099 4000 4000 11418 10178403 8695583 0 678439 X 69216 69216 234176 117088 105379 11709 1459610 1365662 91058 2890 25254 24598 656 244954 221995 21672 1287 141239 124364 15732 1143 76947 76947 32006 32006 846404 809919 34999 1486 143177 143177 324528 321846 2500 182 75832 66772 8447 613 921702 816853 97751 7098 16405 16405 13494 13494 229916 229916 1108868 976385 123514 8969 317660 268982 46227 2451 REPAIRS & MAINTENANCE 344599 312387 30031 2181 GENERAL EXCISE TAXES 78567 78567 EDUCATION 39134 39134 OTHER EXPENSES 16240 16240 9095 8779 295 21 6769023 5811863 917130 40030 933629 926575 631486 14815 754939 691126 122254 143318 31298699 5784065 26019290 25514634 6604387 11493792 35065985 38784260 735594 634859 10399525 9970419 11135119 10605278 X 23899069 28150123 31797 28859 23930866 28178982 35065985 38784260 3409380 838736 0 X 0 1 X 1 1 1 X 1441559 912504 835338 717739 804381 4711521 8110984 1746180 5236577 7692216 8684165 31470122 9552543 2658684 6071915 8409955 9488546 36181643 52386 38095 7305 4550 3135 105471 0 52386 38095 7305 4550 3135 105471 36076172 524483 183512 528237 595821 759166 2591219 524483 183512 528237 595821 759166 2591219 13410 43752 4847 5802 11420 79231 10090436 2885948 6604999 9011578 10259132 38852093 0.92860 0.93200 0.06670 0.06230 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER REVENUE - 2019 AMOUNT: $ 13,410. 2020 AMOUNT: $ 43,752. 2021 AMOUNT: $ 4,847. 2022 AMOUNT: $ 5,802. 2023 AMOUNT: $ 11,420. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 14028469 4312006 9716463 17027447 1358750 15668697 14000 3500 10500 228783 109809 118974 25514634 X 10988071 838736 838736 10149335 32006 -2938 29068 10178403 6737017 0 6737017 32006 32006 6769023 PART III, LINE 1A: THE HISTORICAL COLLECTION CONSISTS OF DOCUMENTS AND ARTIFACTS HELD BY THE ASSOCIATION FOR EDUCATIONAL, RESEARCH, AND CURATORIAL PURPOSES. THE ITEMS IN THE COLLECTION, WHICH WERE ACQUIRED THROUGH PURCHASES AND CONTRIBUTIONS SINCE THE ASSOCIATION'S INCEPTION, ARE NOT RECOGNIZED IN THE ACCOMPANYING FINANCIAL STATEMENTS BECAUSE THEY HAVE NO ALTERNATIVE USES. PURCHASES OF COLLECTION ITEMS ARE RECORDED AS DECREASES IN NET ASSETS WITHOUT DONOR RESTRICTION IN THE PERIOD IN WHICH THE ITEMS ARE ACQUIRED OR AS NET ASSETS WITH DONOR RESTRICTION IF THEY ARE PURCHASED WITH DONOR-RESTRICTED FUNDS. CONTRIBUTED COLLECTION ITEMS ARE NOT REFLECTED IN THE FINANCIAL STATEMENTS. PROCEEDS, IF ANY, FROM THE DISPOSITION OF COLLECTION ITEMS ARE REFLECTED AS INCREASES IN THE APPROPRIATE NET ASSET CLASSES. PART III, LINE 4: HISTORICAL COLLECTIONS INCLUDE A U.S. WWII SUBMARINE AND ARTIFACTS FOR DISPLAY, STUDY AND FUTURE GENERATIONS. THE HISTORICAL COLLECTION CONSISTS OF DOCUMENTS AND ARTIFACTS HELD BY THE ASSOCIATION FOR EDUCATIONAL, RESEARCH, AND CURATORIAL PURPOSES. PART X, LINE 2: U.S. GAAP REQUIRES UNCERTAIN TAX POSITIONS TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS IF THEY ARE MORE LIKELY THAN NOT TO FAIL UPON REGULATORY EXAMINATION. MANAGEMENT HAS EVALUATED THE TAX POSITIONS OF THE ASSOCIATION AS OF DECEMBER 31, 2023 AND 2022 AND FOR THE YEARS THEN ENDED AND DETERMINED THAT IT HAD NO UNCERTAIN TAX POSITIONS REQUIRED TO BE REPORTED IN ACCORDANCE WITH U.S. GAAP. THE ASSOCIATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS IN PROGRESS FOR ANY OPEN TAX PERIODS. PART XI, LINE 4B - OTHER ADJUSTMENTS: INCREASE (DECREASE) IN NET ASSETS WITH DONOR RESTRICTIONS -2,938. 1 PAUAHI FOUNDATION 567 SOUTH KING ST SUITE 160 HONOLULU HI 96813 943263044 501(C)(3) 7700 0 USS KAMEHAMEHA SCHOLARSHIPS HAWAII COMMUNITY FOUNDATION 827 FORT STREET MALL HONOLULU HI 96813 990261283 501(C)(3) 32888 0 MAUI STRONG FUND 2 PART I, LINE 2: PFSMA ESTABLISHED THE CRITERIA FOR AWARDING SCHOLARSHIPS BY HCF AND THE PAUAHI FOUNDATION. THE PAUAHI FOUNDATION MANAGES AN ENDOWMENT PROVIDED BY AND PFSMA PROVIDES THE ADDITIONAL FUNDING NECESSARY TO AWARD SCHOLARSHIPS EVERY ACADEMIC YEAR. SCHOLARSHIP FUNDS ARE PAID DIRECTLY TO THE EDUCATIONAL INSTITUTION BY EACH FOUNDATION. PART I, LINE 1: THE HAWAII COMMUNITY FOUNDATION (HCF) ADMINISTERS THE USS BOWFIN MEMORIAL SCHOLARSHIP FUND. THE PAUAHI FOUNDATION ADMINISTERS THE USS KAMEHAMEHA SCHOLARSHIP FUND. FUNDS ARE PROVIDED TO EACH FOUNDATION. HCF REVIEWS AND SELECTS APPLICANTS BASED UPON CRITERIA PROVIDED BY PFSMA. THE PAUAHI FOUNDATION PROVIDES PFSMA WITH A LIST OF RECOMMENDED CANDIDATES. PFSMA REVIEWS AND PROVIDES A PRIORITIZED LIST OF SELECTEES. DOCUMENTS SUCH AS APPLICATIONS ARE MAINTAINED UNTIL THE SCHOLARSHIP PROCESS IS COMPLETED. SUBSEQUENTLY THEY ARE SHREDDED FOR PRIVACY PURPOSES. RECIPIENT NAMES ARE RETAINED. X X 0 0 0 0 0 0 0 0 0 CHARLES K MERKEL USN RET EXECUTIVE DIRECTOR/PRESIDENT 211250 0 0 0 0 0 6350 0 16576 0 234176 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS ELECT THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE EXECUTIVE DIRECTOR AND BOARD TREASURER REVIEW THE FORM 990, WHICH IS THEN EMAILED TO THE BOARD OF DIRECTORS FOR COMMENTS, PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH BOARD DELEGATED POWERS SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON: (A) RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, (B) HAS READ AND UNDERSTANDS THE POLICY, (C) HAS AGREED TO COMPLY WITH THE POLICY, AND (D) UNDERSTANDS PFSMA IS A NONPROFIT ORGANIZATION AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. EACH VOTING MEMBER OF THE BOARD SHALL ANNUALLY SIGN A STATEMENT, WHICH DECLARES WHETHER SUCH PERSON IS AN INDEPENDENT DIRECTOR. IF AT ANY TIME DURING THE YEAR, THE INFORMATION IN THE ANNUAL STATEMENT CHANGES MATERIALLY, THE DIRECTOR SHALL DISCLOSE SUCH CHANGES AND REVISE THE ANNUAL DISCLOSURE FORM. THE EXECUTIVE COMMITTEE SHALL REGULARLY AND CONSISTENTLY MONITOR AND ENFORCE COMPLIANCE WITH THIS POLICY BY REVIEWING ANNUAL STATEMENTS AND TAKING SUCH OTHER ACTIONS AS ARE NECESSARY FOR EFFECTIVE OVERSIGHT. IN DETERMINING WHETHER A CONFLICT OF INTEREST EXISTS, THE POTENTIALLY CONFLICTED MEMBER SHALL LEAVE THE BOARD OR EXECUTIVE COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE DIRECTOR'S COMPENSATION IS DETERMINED BY THE HUMAN RESOURCE COMMITTEE, WHICH INCLUDES THE CHAIR, VP, TREASURER, AND SECRETARY. COMPARABLE DATA, SUCH AS COMPENSATION INFORMATION AT OTHER NONPROFIT ORGANIZATIONS, IS USED. THE PROCESS IS DOCUMENTED IN A REPORT. THIS PROCESS WAS LAST UNDERTAKEN ON OCTOBER 20, 2023. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 648,188. MANAGEMENT AND GENERAL EXPENSES 14,540. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 662,728. SECURITY: PROGRAM SERVICE EXPENSES 161,731. MANAGEMENT AND GENERAL EXPENSES 20,459. FUNDRAISING EXPENSES 1,486. TOTAL EXPENSES 183,676.