2025-07-10T16:52:34-05:00 2024-08-31 261659234 CW ASSOCIATES CPAS 700 BISHOP STREET SUITE 1040 HONOLULU HI 96813 990 2023-09-01 990148833 HAWAII PERFORMING ARTS COMPANY LTD HAWA 8085424529 2833 EAST MANOA ROAD HONOLULU HI 96822 KATHLEEN YOUNG EXECUTIVE DIRECTOR 8085424529 2025-07-10 1 0 RODNEY M HARANO P00389596 8085311040 2025-07-08 2023 2025-03-06 01:10:19Z MANOA VALLEY THEATRE KATHLEEN YOUNG 2833 EAST MANOA ROAD HONOLULU HI 96822 2176430 0 X WWW.MANOAVALLEYTHEATRE.COM X 1969 HI MANOA VALLEY THEATRE (MVT)'S MISSION IS TO ENRICH AND ENGAGE HAWAII'S DIVERSE COMMUNITY THROUGH LIVE THEATRE EXPERIENCES THAT INSPIRE, EDUCATE, AND ENTERTAIN. AS HAWAII'S COMMUNITY THEATRE, MVT IS COMMITTED TO PRODUCING HIGH-QUALITY PERFORMANCES, SUPPORTING LOCAL ARTISTS, AND PROVIDING ACCESS TO THE PERFORMING ARTS FOR AUDIENCES OF ALL BACKGROUNDS. SERVING OVER 260 VOLUNTEERS AND APPROXIMATELY 16,000 AUDIENCE MEMBERS. 25 25 26 260 0 0 432845 619293 572747 755532 36635 39220 113016 82856 1155243 1496901 0 0 0 0 526573 543069 0 0 79989 783541 774490 1310114 1317559 -154871 179342 1840068 1875917 1404372 1169799 435696 706118 COMMUNITY THEATRE PRODUCTION OF PLAYS AND MUSICALS UTILIZING ABOUT 260 VOLUNTEERS FROM THE COMMUNITY SERVED A TOTAL AUDIENCE OF APPROXIMATELY 16,000. 0 0 1029011 785379 THE PRODUCTION ACTIVITIES OF MANOA VALLEY THEATRE DURING THE 2023-2024 SEASON ENCOMPASSED A DIVERSE RANGE OF THEATRICAL PERFORMANCES, INCLUDING MUSICALS, DRAMAS, AND COMEDIES. THESE PRODUCTIONS WERE STAGED AT MVT'S VENUE IN HONOLULU, HAWAII, AND FEATURED LOCAL ARTISTS AND CREATIVE PROFESSIONALS. THE SEASON'S LINEUP INCLUDED: SWEENEY TODD: THE DEMON BARBER OF FLEET STREET, CLUE, THE LIFESPAN OF A FACT, DEAR EVAN HANSEN, DEATH OF A SALESMAN, AND TENDERLY: THE ROSEMARY CLOONEY MUSICAL.WE EXCEEDED THE TOTAL ESTIMATED ATTENDANCE OF 16,000, REACHING 19,598 DUPLICATE INDIVIDUALS FROM 8,147 UNDUPLICATED HOUSEHOLDS, WITH AN ESTIMATED 16,294 UNDUPLICATED INDIVIDUALS. 1029011 1 1 0 0 0 0 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 13 0 1 26 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 25 25 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 S PORTNOY PRESIDENT 0.50 X X 0 0 0 PETER EHRMAN VICE PRESIDENT 0.50 X X 0 0 0 ROBERT TAYLOR TREASURER 2.00 X X 0 0 0 SCOTT D LARIMER SECRETARY 0.50 X X 0 0 0 DAVID KENNEDY CHAIRMAN 0.50 X X 0 0 0 CHRIS C BAYOT DIRECTOR 0.50 X 0 0 0 NORBERT M BEULSING DIRECTOR 0.50 X 0 0 0 RANDY DIAMOND DIRECTOR 0.50 X 0 0 0 BLENN FUJIMOTO DIRECTOR 0.50 X 0 0 0 THOMAS ISHII DIRECTOR 0.50 X 0 0 0 STACEY KATAKURA DIRECTOR 0.50 X 0 0 0 MARY KUBOTA DIRECTOR 0.50 X 0 0 0 WILLIAM LINDEMANN DIRECTOR 0.50 X 0 0 0 MALEKO MCDONNELL DIRECTOR 0.50 X 0 0 0 MATTHEW MISHINA DIRECTOR 0.50 X 0 0 0 AMY MONK DIRECTOR 0.50 X 0 0 0 SCOTT MORITA DIRECTOR 0.50 X 0 0 0 RICHARD S MORRIS DIRECTOR 0.50 X 0 0 0 KAREN MUKAI DIRECTOR 0.50 X 0 0 0 BARBARA NICKERSON DIRECTOR 0.50 X 0 0 0 ALICE K TUCKER DIRECTOR 0.50 X 0 0 0 JD WATUMULL DIRECTOR 0.50 X 0 0 0 DAVID WILSON DIRECTOR 0.50 X 0 0 0 JADINE NEILSEN DIRECTOR 0.50 X 0 0 0 RAMONA SAYRE DIRECTOR 0.50 X 0 0 0 GEORGE APTER FORMER DIRECTOR 0.50 X 0 0 0 HANK CHAPIN III FORMER DIRECTOR 0.50 X 0 0 0 WENDY GOODENOW FORMER DIRECTOR 0.50 X 0 0 0 JEAN TRAPIDO-ROSENTHAL FORMER DIRECTOR 0.50 X 0 0 0 KATHLEEN YOUNG EXECUTIVE DIRECTOR 40.00 X 85460 0 8246 KIP WILSON FORMER EXECUTIVE DIRECTOR 40.00 X 69047 0 0 154507 0 8246 0 0 0 0 0 46700 200000 372593 619293 PLAY PRODUCTION 711110 745718 745718 OTHER REVENUE 900099 9814 9814 755532 619737 10471 580517 10471 39220 0 39220 39220 115810 46700 62801 53009 53009 55587 25740 29847 29847 1496901 785379 0 92229 X 83644 61991 11710 9943 350086 259457 49012 41617 39533 29299 5535 4699 69806 51735 9773 8298 20942 20942 6071 6071 208553 208553 60012 60012 30194 20089 9352 753 20535 10406 9581 548 140284 105213 35071 1919 1919 16789 14350 2439 56813 42610 14203 17932 13449 4483 PLAY PRODUCTION EXPENSE 118992 118992 TRG ARTS 22200 11250 10358 592 MATERIALS AND FACILITIE 17409 13057 2611 1741 DEVELOPMENT 11598 11598 24247 6629 17418 200 1317559 1029011 208559 79989 4415 34916 29924 25934 18960 0 5003 2700 38629 50490 1660954 1305606 419767 355348 892476 1004037 430894 402492 1840068 1875917 79702 61386 246456 164296 600000 497544 13669 0 464545 446573 1404372 1169799 X 285696 556118 150000 150000 435696 706118 1840068 1875917 179342 91080 0 X 0 1 X 1 0 X 341600 582921 959335 432845 619293 2935994 195101 147060 390662 627754 811119 2171696 536701 729981 1349997 1060599 1430412 5107690 111088 45249 156337 121451 52689 174140 232539 97938 330477 4777213 18959 84807 36635 0 140401 18959 84807 36635 140401 412 2000 1189 81473 53009 138083 556072 816788 1351186 1178707 1483421 5386174 0.88690 0.91440 0.02610 0.02910 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 150000 150000 150000 150000 107049 -162199 -55150 100000 5487 105487 0.00000 1.00000 0.00000 0 0 595840 563924 31916 459749 350754 108995 605365 390928 214437 355348 OPERATING RIGHT-OF-USE ASSET - NET 402492 402492 OPERATING LEASE LIABILITY 446573 446573 X 1650061 91080 42411 133491 1516570 6071 -25740 -19669 1496901 1379639 42411 25740 68151 1311488 6071 6071 1317559 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, 2024 AND 2023 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 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD -25,740. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 25,740. MANOA MARQUEE 157250 46700 110550 2500 24992 12775 21008 TACOS AND TEQUILLA 5260 5260 1278 248 162510 46700 115810 2500 26270 12775 21256 62801 53009 FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S FORM 990 IS PREPARED BY MANAGEMENT AND REVIEWED AND APPROVED BY THE BOARD TREASURER PRIOR TO SUBMISSION. THE FULL BOARD IS GIVEN ACCESS TO THE FINAL VERSION FOR REVIEW AND DISCUSSION. 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 IN THE MOST RECENT FISCAL YEAR, AN HR COMMITTEE OF THE BOARD WAS FORMED TO REVIEW THE COMPENSATION PROCESS FOR THE EXECUTIVE DIRECTOR AND KEY LEADERSHIP STAFF. THE COMMITTEE CONDUCTED RESEARCH ON COMPARABLE COMPENSATION DATA FROM SIMILAR NONPROFIT ORGANIZATIONS IN BOTH THE LOCAL MARKET AND PEER INSTITUTIONS NATIONALLY. THIS COMPARABILITY DATA INCLUDED PUBLICLY AVAILABLE IRS FORM 990 FILINGS AND INDUSTRY REPORTS BY THE AACT. THE COMPENSATION REVIEW PROCESS, INCLUDING SOURCES USED AND FINDINGS, WAS DOCUMENTED IN COMMITTEE MINUTES. THE PROCESS WAS LAST UNDERTAKEN IN FISCAL YEAR 8/31/2024. 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 208,553. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 208,553.