2026-04-15T15:17:12-05:00 2025-05-31 261659234 CW ASSOCIATES CPAS 700 BISHOP STREET SUITE 1040 HONOLULU HI 96813 990 2024-06-01 990197758 HAWAII OPERA THEATRE HAWA 8085967372 848 SOUTH BERETANIA STREET 400 HONOLULU HI 96813 ANDREW MORGAN GENERAL DIRECTOR & CEO 8085967372 2026-04-15 1 1 RODNEY M HARANO P00389596 8085311040 2026-04-15 2024 2025-03-06 01:10:19Z ANDREW MORGAN 848 SOUTH BERETANIA STREET 400 HONOLULU HI 96813 7762681 0 X WWW.HAWAIIOPERA.ORG X 1980 HI ENRICH QUALITY OF LIFE IN OUR ISLAND COMMUNITIES THROUGH INSPIRATIONAL POWER & JOY OF OPERA. 28 28 71 90 9000 0 1703333 3656338 323471 313574 242859 465356 321675 376199 2591338 4811467 0 0 0 0 1570362 1503514 0 0 554646 1911634 1824100 3481996 3327614 -890658 1483853 9056226 10589170 3667283 3570227 5388943 7018943 X HAWAI'I OPERA THEATRE (HOT) BELIEVES THAT DIFFERENT PERSPECTIVES, CULTURAL HISTORIES, LIFE EXPERIENCES AND PERSONAL STORIES ENRICH THE OPERATIC REPERTOIRE AND HAVE THE POTENTIAL TO MAKE MEANINGFUL LOCAL AND WORLDWIDE IMPACTS. AS A REGIONAL COMPANY, HOT IS COMMITTED TO SUPPORTING AND ENGAGING CREATORS AND MUSIC LOVERS WHO REFLECT THE DIVERSITY OF HAWAI'I. 0 0 1959020 315193 OPERA PERFORMANCES HOT'S 2024-2025 SEASON INCLUDED TWO MAINSTAGE PRODUCTIONS, ONE OF WHICH WAS PRESENTED AT THE BLAISDELL ARENA AND THE OTHER AT HOT'S LONGTIME VENUE, THE NEWLY RENOVATED BLAISDELL CONCERT HALL.PRODUCTIONS: BASED ON THE TRUE STORY OF AN UNDOCUMENTED IMMIGRANT WHO SURVIVED 81 HOURS (ABOUT 3 AND A HALF DAYS) IN A BRONX ELEVATOR, "STUCK ELEVATOR", TELLS THE STORY OF A CHINESE FOOD DELIVERYMAN STRUGGLING FOR FREEDOM FROM DEBT, HUMAN SMUGGLERS, LOUD-MOUTH COWORKERS, AND THE TEMPTATIONS OF GENERAL TSO (OCTOBER 2024) AT THE BLAISDELL ARENA; "CARMEN," BIZET'S SMOLDERING TALE OF SEDUCTION AND ADDICTION, FILLED WITH SOME OF OPERA'S MOST BELOVED MELODIES (APRIL 2025) AT THE BLAISDELL CONCERT HALL. BOTH PRODUCTIONS FEATURED THE HAWAII SYMPHONY ORCHESTRA AND PROFESSIONAL CAST AND CREATIVE TEAMS.FOR THE THIRD FULL SEASON IN HOT'S INTIMATE STUDIO101 SPACE, HOT PRESENTED ELEVEN ECLECTIC PROGRAMS (UP FROM SIX THE PRIOR SEASON) THAT BLENDED OPERA, ART SONG, VOCAL JAZZ AND TRADITIONAL HAWAIIAN MUSIC, FOCUSING ON LOCAL TALENT IN ONE-HOUR PERFORMANCES IN A CABARET-LIKE SETTING. 475241 22795 EDUCATION PROGRAMS HOT'S EDUCATION DEPARTMENT REACHED OVER 15,000 STUDENTS, TEACHERS, AND PARENTS ACROSS THE STATE OF HAWAII. PROGRAMMING INCLUDED HOT'S OPERA EXPRESS TOURING SHOW, A FAMILY-FRIENDLY ADAPTATION OF MOZARTS "THE MAGIC FLUTE" VISITING SCHOOLS, LIBRARIES AND OTHER VENUES ON OAHU, HAWAII ISLAND, AND KAUAI. HOT'S RESIDENCY PROGRAM WENT TO FIVE SCHOOLS, FOUR OF WHICH ARE CLASSIFIED AS TITLE 1, TO CREATE ORIGINAL OPERAS WRITTEN BY STUDENTS; ALL RESIDENCIES CULMINATED IN PERFORMANCES FOR THE ENTIRE SCHOOL BODY AND A PERFORMANCE FOR FAMILIES AND THE COMMUNITY.OPERA FOR EVERYONE, A PROGRAM THAT INVITED STUDENTS AND TEACHERS TO THE FINAL DRESS REHEARSAL OF EACH MAINSTAGE PRODUCTION, COMPLETE WITH ORCHESTRA, SETS, AND COSTUMES, SERVED OVER 1,200 STUDENTS. IN A COLLABORATION WITH HAWAII YOUTH OPERA CHORUS (HYOC), HOT'S EDUCATION TEAM ASSISTED IN THE PRODUCTION OF AN ORIGINAL OPERA FOR PERFORMANCE BY CHILDREN TITLED "SCALES," BASED ON THE HAWAIIAN STORY OF DRAGONS ON MAUI. THIS PRODUCTION WAS THE CULMINATION OF OPERATUNITIES, A SUMMER PROGRAM CREATED BY HYOC WITH HOT TO TEACH OPERA SKILLS TO A NEW GENERATION OF PERFORMERS. HOT'S ORVIS OPERA STUDIO AND ORVIS YOUNG VOICES STUDIO PROGRAMS PROVIDED FREE, YEAR-ROUND WORKSHOPS AND MASTER CLASSES WITH LOCAL AND VISITING ARTISTS TO ADULT AND HIGH-SCHOOL-LEVEL SINGERS WANTING TO EXPAND THEIR SKILLS IN PRESENTATION, DICTION, STAGE COMBAT, AND VOCAL TECHNIQUE. BOTH PROGRAMS PROVIDE ACCESS TO MAINSTAGE EXPERIENCES IN THE HOT CHORUS AS WELL AS MINOR SOLO OPPORTUNITIES, IN ADDITION TO RECITALS AND OTHER PERFORMING OPPORTUNITIES THROUGHOUT THE YEAR. 2434261 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 30 0 1 71 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 28 28 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 HI X X X ANDREW MORGAN 8085967372 848 SOUTH BERETANIA STREET SUITE HONOLULU HI 96813 STEVEN PRIETO PRESIDENT 10.00 X X 0 0 0 LINDA C NELSON VICE PRESIDENT/TREASURER 3.00 X X 0 0 0 CURTIS M THOMPSON MD VICE PRESIDENT 3.00 X X 0 0 0 MARRIE SCHAEFER SECRETARY 3.00 X X 0 0 0 JOHN L KNOREK ESQ COUNSEL 3.00 X X 0 0 0 JAMES H MCCOY PRESIDENT EMERITUS 1.00 X X 0 0 0 LINN ALBER DIRECTOR 1.00 X 0 0 0 JOE BOCK DIRECTOR 1.00 X 0 0 0 PAMELA ANDELIN CAMERON DIRECTOR 1.00 X 0 0 0 JULIA F CHERRY DIRECTOR 1.00 X 0 0 0 SUZANNE B ENGEL DIRECTOR 1.00 X 0 0 0 KEITH KALWAY DIRECTOR 1.00 X 0 0 0 DAVID FRANKLIN DIRECTOR 1.00 X 0 0 0 EMILIO GOMEZ DIRECTOR 1.00 X 0 0 0 DAVID A KELIIKULI DIRECTOR 1.00 X 0 0 0 FLORIA KOMER DIRECTOR 1.00 X 0 0 0 JAMES T LEAVITT ESQ DIRECTOR 1.00 X 0 0 0 DORETTE PS LUKE DIRECTOR 1.00 X 0 0 0 NOREEN MULLIKEN DIRECTOR 1.00 X 0 0 0 JEAN E ROLLES DIRECTOR 1.00 X 0 0 0 AARON J SALA DIRECTOR 1.00 X 0 0 0 JULI SHAINDLIN DIRECTOR 1.00 X 0 0 0 DAVID Y TAKAGI DIRECTOR 1.00 X 0 0 0 NIKLAUS THRAPP DIRECTOR 1.00 X 0 0 0 CAROLYN A BERRY WILSON DIRECTOR 1.00 X 0 0 0 VERONICA WONG DIRECTOR 1.00 X 0 0 0 LEIGHTON YUEN DIRECTOR 1.00 X 0 0 0 ANDREA ZANNONI DIRECTOR 1.00 X 0 0 0 ROBERT K DALEY FORMER DIRECTOR 1.00 X 0 0 0 BRETT HOWARD FORMER DIRECTOR 1.00 X 0 0 0 BEVERLY KRAVITT FORMER DIRECTOR 1.00 X 0 0 0 JASON KRAVITT FORMER DIRECTOR 1.00 X 0 0 0 DANIEL NISHIKAWA FORMER DIRECTOR 1.00 X 0 0 0 SARAH M RICHARDS FORMER DIRECTOR 1.00 X 0 0 0 ANDREW MORGAN GENERAL DIRECTOR & CEO 60.00 X 175833 0 17476 175833 0 17476 1 0 1 0 HAWAII SYMPHONY ORCHESTRA 3610 WAIALAE AVE HONOLULU HI 96813 ORCHESTRA FOR OPERA PERFORMANCES 110686 1 234855 3421483 3656338 TICKET SALES 711110 290779 290779 EDUCATIONAL PROGRAMS 611600 22795 22795 313574 95032 95032 463332 81 364590 0 98742 81 98823 98823 2744760 2374436 370324 370324 370324 455304 234855 211342 243962 243962 1553 846 707 707 REIMBURSEMENTS 900099 23596 23596 ARIA NEWS ADVERTISING 900099 9000 9000 OTHER REVENUE 900099 111 111 32707 4811467 337988 9000 808141 174656 64347 27577 82732 1022311 746767 114504 161040 29564 20136 3496 5932 133878 95294 15312 23272 143105 97466 16924 28715 1186 1186 26900 26900 23481 23481 82296 30527 18424 33345 178711 140492 14471 23748 90393 30982 26432 32979 73911 40880 601 32430 486193 416543 9530 60120 49963 43146 6569 248 77600 55825 12457 9318 20672 15400 782 4490 31167 18231 4987 7949 PRODUCTION EXPENSE 515861 514143 1234 484 EDUCATION PROGRAMS 72427 72427 MERCHANT FEES 31401 15701 15700 FUNDRAISING 29506 646 390 28470 32432 15308 13450 3674 3327614 2434261 338707 554646 352786 300223 328042 1372167 89761 373918 167170 67337 135483 191189 2576108 1662141 871941 913967 6947240 7266582 163803 103787 9056226 10589170 205772 190783 25630 45560 3268054 3187074 167827 146810 3667283 3570227 X -3809540 -2968882 9198483 9987825 5388943 7018943 9056226 10589170 1483853 146147 0 X X 0 1 X 1 0 X 1411460 1657305 1970303 1613708 3656338 10309114 1411460 1657305 1970303 1613708 3656338 10309114 165914 10143200 731762 720412 811204 930889 558445 3752712 0 7663 7135 1480 352 23707 40337 14102163 2656532 0.71930 0.64790 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER REVENUE - 2020 AMOUNT: $ 7,663. 2021 AMOUNT: $ 2,277. 2022 AMOUNT: $ 375. 2023 AMOUNT: $ 106. 2024 AMOUNT: $ 111. REIMBURSEMENTS - 2021 AMOUNT: $ 4,858. 2022 AMOUNT: $ 1,105. 2023 AMOUNT: $ 246. 2024 AMOUNT: $ 23,596. SCHEDULE A, PART VI, LIST OF UNUSUAL GRANTS: DESCRIPTION: BEQUEST DATE: 05/27/22 AMOUNT: 106477. DESCRIPTION: BEQUEST DATE: 10/31/21 AMOUNT: 305960. DESCRIPTION: BEQUEST DATE: 03/17/23 AMOUNT: 770561. DESCRIPTION: BEQUEST DATE: 04/03/23 AMOUNT: 261064. DESCRIPTION: BEQUEST DATE: 09/29/23 AMOUNT: 22102. DESCRIPTION: BEQUEST DATE: 05/31/24 AMOUNT: 67523. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 7132247 7132247 7114897 17350 7132247 7124498 -9601 7114897 7131498 -7000 7124498 7129679 1819 7131498 1.00000 0 0 461000 461000 1876866 1437389 439477 238242 224752 13490 913967 OPERATING LEASE LIABILITIES 146810 146810 X 4738426 146147 156743 62918 365808 4372618 23481 415368 438849 4811467 3897768 156743 436892 593635 3304133 23481 23481 3327614 PART V, LINE 4: THE THEATRE HAS A SPENDING POLICY ALLOWING FOR THE APPROPRIATION OF 3% (BEGINNING IN THE YEAR ENDED MAY 31, 2020) OF THE ROLLING 12 QUARTERS' AVERAGE BALANCE OF THE ENDOWMENT, OR SUCH OTHER AMOUNT AS CONSIDERED NECESSARY BY THE BOARD OF DIRECTORS. NET RENTAL INCOME EARNED FROM THE HAWAII OPERA PLAZA ENDOWMENT IS EXPENDED CURRENTLY IN SUPPORT OF OPERATIONS. PART X, LINE 2: U.S. GAAP REQUIRES UNCERTAIN TAX POSITIONS TO BE RECOGNIZED IN THE CONSOLIDATED FINANCIAL STATEMENTS IF THEY ARE MORE LIKELY THAN NOT TO FAIL UPON REGULATORY EXAMINATION. MANAGEMENT EVALUATED HOT'S AND HOP'S TAX POSITIONS AS OF MAY 31, 2025 AND 2024 AND FOR THE YEARS THEN ENDED, AND DETERMINED THAT HOT AND HOP HAD NO UNCERTAIN TAX POSITIONS REQUIRED TO BE REPORTED IN ACCORDANCE WITH U.S. GAAP. HOT AND HOP ARE 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: INTERFUND INTEREST INCOME 62,918. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL OPERATIONS EXPENSES -364,590. INCREASE (DECREASE) IN NET ASSETS WITH DONOR RESTRICTIONS 789,342. DIRECT FUNDRAISING EXPENSES -8,538. COST OF GOODS SOLD -846. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL OPERATIONS EXPENSES 364,590. INTERFUND INTEREST EXPENSES 62,918. DIRECT FUNDRAISING EXPENSES 8,538. COST OF GOODS SOLD 846. OPERA BALL 563482 228855 334627 195367 ACT II 111677 5000 106677 5905 1 15000 1000 14000 10070 690159 234855 455304 211342 211342 243962 X X X X X 0 0 0 0 0 0 0 0 0 ANDREW MORGAN GENERAL DIRECTOR & CEO 165833 0 10000 0 0 0 0 0 17476 0 193309 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 BEVERLY KRAVITT, FORMER DIRECTOR, AND JASON KRAVITT, FORMER DIRECTOR, HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE ORGANIZATION HAS MEMBERS WHICH ELECT NEW BOARD DIRECTORS AT THE ANNUAL MEETING VIA PERSONAL ATTENDANCE. FORM 990, PART VI, SECTION A, LINE 7B THE BYLAWS EXPLAIN THE PROCESS BY WHICH MEMBERS CAN ELECT OR REMOVE BOARD DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B AFTER THE FORM 990 HAS BEEN PREPARED BY A CERTIFIED PUBLIC ACCOUNTING FIRM, BOTH MANAGEMENT AND THE BOARD TREASURER REVIEWED THIS FORM 990. IT THEN WAS SENT TO THE BOARD OF DIRECTORS FOR ITS REVIEW. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY APPLIES TO ALL OFFICERS, DIRECTORS, AND EMPLOYEES. SUCH PERSONS ARE REQUIRED TO INFORM THE CHAIRMAN OF THE BOARD OF DIRECTORS OF ANY POTENTIAL CONFLICT OF INTEREST AS SOON AS IT IS IDENTIFIED AS SUCH. ANY SUCH PERSON WILL THEN BE EXCUSED FROM TAKING ANY FURTHER ACTION RELATED TO THE POTENTIAL CONFLICT UNLESS THE BOARD OF DIRECTORS, AFTER FULL DISCLOSURE, FINDS THAT THERE IS NO MATERIAL CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE GENERAL DIRECTOR IS REVIEWED BY THE EXECUTIVE EVALUATION COMMITTEE USING COMPARABILITY DATA FROM OTHER OPERA AND PERFORMING ARTS COMPANIES SIMILAR IN SIZE AND COMPLEXITY. THIS PROCESS IS DOCUMENTED IN THE PERSONNEL FILE AND/OR MEETING MINUTES. THIS EVALUATION PROCESS IS DONE ANNUALLY, AND THE COMMITTEE RECOMMENDATIONS ARE PRESENTED TO THE BOARD FOR APPROVAL. FORM 990, PART VI, SECTION C, LINE 19 THE FORM 990 AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE ON THE HOT WEBSITE AT HAWAIIOPERA.ORG. THE FORM 990 IS ALSO AVAILABLE ON THE WEBSITES OF THE STATE OF HAWAII TAX & CHARITIES DIVISION, GUIDESTAR AND CHARITY NAVIGATOR. GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS AND FORM 990 ARE ALSO AVAILABLE AT THE ORGANIZATION'S OFFICE UPON REQUEST. FORM 990, PART XII, LINE 2C NO CHANGE IN PROCESS FROM PRIOR YEAR. HAWAI'I OPERA PLAZA LLC 848 S BERETANIA ST SUITE 400 HONOLULU HI 96813 990197758 COMMERICAL RENTAL PROPERTY HI 140705 1211339 HAWAII OPERA THEATRE