2024-07-09T19:45:21-05:00 2023-08-31 261659234 CW ASSOCIATES CPAS 700 BISHOP STREET SUITE 1040 HONOLULU HI 96813 990 2022-09-01 990148833 HAWAII PERFORMING ARTS COMPANY LTD HAWA 8085424529 2833 EAST MANOA ROAD HONOLULU HI 96822 KATHLEEN YOUNG EXECUTIVE DIRECTOR 8085424529 2024-07-09 1 KATHLEEN YOUNG 999009999 0 RODNEY M HARANO P00389596 8085311040 2024-07-09 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z MANOA VALLEY THEATRE KATHLEEN YOUNG 2833 EAST MANOA ROAD HONOLULU HI 96822 2068522 0 X WWW.MANOAVALLEYTHEATRE.COM X 1969 HI COMMUNITY THEATRE PLAY PRODUCTIONS 27 27 26 385 0 0 959335 432845 391851 572747 -162199 36635 6149 113016 1195136 1155243 0 0 0 0 474364 526573 0 0 193316 709678 783541 1184042 1310114 11094 -154871 1414307 1840068 842359 1404372 571948 435696 X COMMUNITY THEATRE PRODUCTION OF PLAYS AND MUSICALS UTILIZING ABOUT 385 VOLUNTEERS FROM THE COMMUNITY SERVED A TOTAL AUDIENCE OF APPROXIMATELY 12,500. 0 0 793618 604290 MANOA VALLEY THEATRE (MVT) PRESENTED CABARET 2022, THE GAME'S AFOOT, THE MYSTERY OF EDWIN DROOD, TICK TICK BOOM!, THE PLAY THAT GOESWRONG, THE CHINESE LADY AND LISA MATSUMOTO'S ONCE UPON ONE NODDAH TIME. THE LAST PRODUCTION WAS PRESENTED IN COLLABORATION WITH KAIMUKI HIGH SCHOOL PERFORMING ARTS CENTER. FOUR OF THE SEVEN PRODUCTIONS HAD EXTENDED RUNS DUE TO HIGH DEMAND FOR TICKETS.WE EXCEEDED THE TOTAL ESTIMATED ATTENDANCE OF 16,000, REACHING 18,211 DUPLICATE INDIVIDUALS AND 12,512 UNDUPLICATED INDIVIDUALS. WE ALSO EXCEEDED OUR ORIGINAL OBJECTIVE FOR THE NUMBER OF STUDENTS REACHED THROUGH THE KAIMUKI HIGH SCHOOL PERFORMING ARTS CENTER PROGRAM. WE HAD PROJECTED THAT 160 KAIMUKI HIGH SCHOOL STUDENTS WOULD BENEFIT FROM OUR PARTNERSHIP WITH THEIR SCHOOL. A TOTAL OF 866 UNDUPLICATED STUDENTS AND YOUNG ADULTS UNDER AGE 25 CAME TO THE PERFORMANCE OF THE MUSICAL COMEDY ONCE UPON ONE NODDAH TIME, AND ENABLED 45 KAIMUKI HIGH SCHOOL STUDENTS TO PARTICIPATE IN A SUMMER INTERNSHIP AND/OR BE ON A CREW FOR THE MVT PRODUCTION.MVT OFFERED SIX MUSIC AND COMEDY SERIES PERFORMANCES TO 914 UNDUPLICATED ATTENDEES BLACK VOICES MATTER: FOR YOUR CONSIDERATION, HAROLD PINTER'S THE DUMB WAITER, SOMETIMES LOVE, BARRYMORE, SYMPHONY IN MANILA, AND THE LIVING.CURRENTLY IN ITS THIRD YEAR, THE MUSIC & COMEDY/DARK NIGHT SERIES KICKED OFF IN FEBRUARY 2023 WITH "FOR YOUR CONSIDERATION '24 LIVE TOUR," FEATURING INTERNATIONAL SPOKEN WORD ARTISTS SHAWN WILLIAM AND PRENTICE POWELL AND HOSTED BY Z OF BALTIMORE. 2023 IS A HISTORIC YEAR FOR THIS ART FORM SINCE THE GRAMMYS HAVE ADDED A NEW SPOKEN WORD CATEGORY FOR POETS. LATER IN FEBRUARY 2023, BENNY RIETVELD, MUSICAL DIRECTOR AND BASSIST FOR SANTANA, BROUGHT AN ALL-STAR LINEUP OF HAWAII AND INTERNATIONAL ARTISTS TO MANOA VALLEY THEATRE. IN MARCH, THE LEGENDARY ACTOR RICHARD CHAMBERLAIN INTRODUCED AND NARRATED SOMETIMES LOVE, A NEW MUSICAL BOOK ABOUT FRIENDSHIP AND LIFE'S CHALLENGES, WITH MUSIC AND LYRICS BY MARTIN RABBETT. 793618 1 1 0 0 0 1 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 40 0 1 26 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 27 27 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 1 1 0 HI X KATHLEEN YOUNG 8085424529 2833 EAST MANOA ROAD HONOLULU HI 96822 JEFFREY PORTNOY CHAIRMAN OF THE BOARD 0.50 X X 0 0 0 DAVID KENNEY PRESIDENT 0.50 X X 0 0 0 PETER EHRMAN VICE PRESIDENT 0.50 X X 0 0 0 SCOTT LARIMER SECRETARY 0.50 X X 0 0 0 ROBERT TAYLOR TREASURER 0.50 X X 0 0 0 GEORGE APTER MEMBER 0.50 X 0 0 0 NORBERT BUELSING MEMBER 0.50 X 0 0 0 HANK CHAPIN MEMBER 0.50 X 0 0 0 RANDY DIAMOND MEMBER 0.50 X 0 0 0 BLENN FUJIMOTO MEMBER 0.50 X 0 0 0 WENDY GOODENOW MEMBER 0.50 X 0 0 0 TOM ISHII MEMBER 0.50 X 0 0 0 STACEY KATAKURA MEMBER 0.50 X 0 0 0 MARY KUBOTA MEMBER 0.50 X 0 0 0 WILLIAM LINDEMAN MEMBER 0.50 X 0 0 0 MALEKO MCDONNELL MEMBER 0.50 X 0 0 0 MATHEW MISHINA MEMBER 0.50 X 0 0 0 AMY MONK MEMBER 0.50 X 0 0 0 SCOTT MORITA MEMBER 0.50 X 0 0 0 RICHARD MORRIS MEMBER 0.50 X 0 0 0 KAREN MUKAI MEMBER 0.50 X 0 0 0 BARBARA NICKERSON MEMBER 0.50 X 0 0 0 RAMONA SAYRE MEMBER 0.50 X 0 0 0 JEAN TRAPIDO-ROSENTHAL MEMBER 0.50 X 0 0 0 ALICE TUCKER MEMBER 0.50 X 0 0 0 JD WATUMULL MEMBER 0.50 X 0 0 0 DAVID WILSON MEMBER 0.50 X 0 0 0 KIP WILBORN EXECUTIVE DIRECTOR 40.00 X 81354 0 0 81354 0 0 0 0 0 0 0 44736 388109 432845 PLAY PRODUCTION 711110 572747 572747 572747 4181 4181 859060 826606 32454 32454 32454 144682 44736 63209 81473 81473 55007 23464 31543 31543 1155243 604290 0 118108 X 81354 38201 25160 17993 361233 169624 111715 79894 31574 14826 9765 6983 52412 24611 16209 11592 18863 18863 7316 7316 187993 137419 50574 53654 16683 36971 58343 23619 19063 15661 22827 17973 1941 2913 148034 127418 13214 7402 8186 8186 13913 13913 47052 42346 2353 2353 21192 11656 6358 3178 PLAY PRODUCTION EXPENSE 118160 118160 TRG ARTS 64878 51082 5518 8278 GENERAL EXCISE TAX 11292 11292 MISCELLANEOUS EXPENSE 1838 1740 98 1310114 793618 323180 193316 3717 4415 53385 29924 58472 3200 18960 3000 5003 69882 38629 1668561 1248794 285268 419767 937383 892476 0 430894 1414307 1840068 43460 79702 143637 246456 600000 13669 655262 464545 842359 1404372 X 275569 285696 296379 150000 571948 435696 1414307 1840068 -154871 18619 0 X 0 1 X 1 0 X 488158 341600 582921 959335 432845 2804859 910105 195101 147060 390662 627754 2270682 1398263 536701 729981 1349997 1060599 5075541 111088 111088 121451 121451 232539 232539 4843002 13812 18959 84807 0 36635 154213 13812 18959 84807 36635 154213 -18269 412 2000 1189 81473 66805 1393806 556072 816788 1351186 1178707 5296559 0.91440 0.97360 0.02910 0.03100 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 0 150000 150000 0 107049 -162199 -55150 0 100000 5487 105487 0 0 0 0 0 0 0.00000 1.00000 0.00000 0 0 595840 551522 44318 459749 340215 119534 612972 357057 255915 419767 OPERATING RIGHT-OF-USE ASSET - NET 430894 430894 OPERATING LEASE LIABILITY 464545 464545 X 1444155 18619 107766 146379 272764 1171391 7316 -23464 -16148 1155243 1434028 107766 23464 131230 1302798 7316 7316 1310114 PART V, LINE 4: NET ASSETS WITH DONOR RESTRICTIONS FOR ENDOWMENTS INCLUDE RESTRICTIONS THAT ARE PERPETUAL IN NATURE FROM THE KNAPP FUND AND THE KOCH FUND. THE KNAPP FUND WAS ESTABLISHED IN JANUARY 2021, WITH CONTRIBUTIONS OF $100,000 TO BE HELD IN PERPETUITY, FOR WHICH THE INTEREST EARNINGS ARE TO BE SPENT TO CONDUCT PROGRAMS THAT INVITE AND SUPPORT EXCEPTIONAL PROFESSIONAL ARTISTS FROM THE ENTERTAINMENT INDUSTRY FOR VARIOUS EVENTS AND PROGRAMS. THE KOCH FUND WAS ESTABLISHED WITH A CONTRIBUTION OF $50,000 TO BE HELD IN PERPETUITY, FOR WHICH THE EARNINGS ARE TO BE SPENT FOR PURPOSES AS DETERMINED BY THE THEATRE'S SPECIAL PROJECTS COMMITTEE. EARNINGS ARE CLASSIFIED AS RESTRICTED FOR A SPECIFIED PURPOSE, UNLESS AUTHORIZED FOR RELEASE BY THE THEATRE'S SPECIAL PROJECTS COMMITTEE. 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 EVALUATED THE THEATRE'S TAX POSITIONS AS OF AUGUST 31, 2023 AND 2022 AND FOR THE YEARS THEN ENDED, AND DETERMINED THAT THE THEATRE HAD NO UNCERTAIN TAX POSITIONS REQUIRED TO BE REPORTED IN ACCORDANCE WITH U.S. GAAP. THE THEATRE IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS IN PROGRESS FOR ANY OPEN TAX PERIODS. PART XI, LINE 2D - OTHER ADJUSTMENTS: DECREASE IN NET ASSETS WITH DONOR RESTRICTIONS 146,379. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD -23,464. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 23,464. MANOA MARQUEE 189418 44736 144682 11594 32932 9150 9533 189418 44736 144682 11594 32932 9150 9533 63209 81473 FORM 990, PART VI, SECTION B, LINE 11B EACH YEAR THE FINANCE COMMITTEE REVIEWS AND APPROVES THE 990 FILING. ALL MEMBERS OF THE FINANCE COMMITTEE ARE MEMBERS DIRECTORS. COPIES OF FORM 990 ARE AVAILABLE TO ALL DIRECTORS FOR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C HAWAII PERFORMING ARTS COMPANY, LTD. IS A NON-PROFIT ORGANIZATION DULY REGISTERED WITH THE DEPARTMENT OF COMMERCE AND CONSUMER AFFAIRS OF THE STATE OF HAWAII. ALL EMPLOYEES SHALL BE HIRED ON THE BASIS OF MERIT AND NOT ON THE BASIS OF THEIR RELATIONSHIPS TO MEMBERS OF THE BOARD OF DIRECTORS. NO EMPLOYEE OR DIRECTOR SHALL TAKE ANY OFFICIAL ORGANIZATION ACTION DIRECTLY AFFECTING (1) A BUSINESS OR OTHER UNDERTAKING IN WHICH THE PERSON HAS A SUBSTANTIAL FINANCIAL INTEREST; OR (2) A PRIVATE UNDERTAKING IN WHICH THE PERSON IS ENGAGED AS LEGAL COUNSEL, ADVISER, CONSULTANT, REPRESENTATIVE OR OTHER AGENCY CAPACITY. NO BOARD MEMBER SHALL VOTE ON ANY MATTER IN WHICH HE OR SHE HAS A MATERIAL CONFLICT OF INTEREST. ALL QUESTIONS CONCERNING THE EXISTENCE OR MATERIALITY OF A CONFLICT OF INTEREST SHALL BE RESOLVED BY A MAJORITY VOTE OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 15 THERE IS A COMPENSATION COMMITTEE MADE UP OF THE BOARD MEMBERS WHO REVIEW THE PERFORMANCE OF THE EXECUTIVE DIRECTOR COMPENSATION ADJUSTMENT TO THE BOARD. THE BOARD APPROVES AND ADJUSTS THE EXECUTIVE DIRECTOR'S COMPENSATION. HISTORIC INTERNAL MARKERS ARE USED TO DETERMINE COMPENSATION. THE BUDGETS THE SALARIES OF THE EMPLOYEES WHICH IN TURN IS APPROVED OR ADJUSTED BY THE BOARD. THE PROCESS IS DOCUMENTED IN THE MINUTES AND WAS LAST UNDERTAKEN IN 2019. FORM 990, PART VI, SECTION C, LINE 19 ALL DOCUMENTS ARE AVAILABLE AT THE THEATRE'S OFFICES DURING BUSINESS HOURS AND THIS IS PUBLISHED ON THE THEATRE'S WEBSITE. FORM 990, PART IX, LINE 11G ARTISTS AND PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 137,419. MANAGEMENT AND GENERAL EXPENSES 50,574. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 187,993.