2021-10-19T18:50:20-05:00 2020-12-31 593783195 TAKETA IWATA HARA & ASSOCIATES LLC 101 AUPUNI STREET SUITE 139 HILO HI 96720 990 2020-01-01 990041250 HILO YACHT CLUB HILO 8089696663 77 LAEHALA STREET HILO HI 96720 TED HONG VICE COMMODORE 8089696663 2021-10-18 TED HONG 999009999 BRIAN M IWATA P00024194 8089355404 2021-10-18 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z TED HONG 77 LAEHALA STREET HILO HI 96720 1848008 0 X WWW.HILOYACHTCLUB.ORG X 1919 HI THE CLUB'S PURPOSE IS TO FURTHER THE SOCIAL INTERACTION AND CAMARADERIE OF ITS MEMBERS THROUGH THE CREATION OF A GATHERING PLACE FOR SOCIAL INTERCOURSE AND THROUGH THE SPORTSMANSHIP AND COMPETITION OF ATHLETICS. 12 12 0 0 47559 0 0 0 2377690 1796545 9068 3904 194386 47559 2581144 1848008 0 0 0 0 1312717 1113451 0 0 0 1407172 1116271 2719889 2229722 -138745 -381714 861318 717995 126619 365010 734699 352985 THE CLUB'S PURPOSE IS TO FURTHER THE SOCIAL INTERACTION AND CAMARADERIE OF ITS MEMBERS THROUGH THE CREATION OF A GATHERING PLACE FOR SOCIAL INTERCOURSE AND THROUGH THE SPORTSMANSHIP AND COMPETITION OF ATHLETICS. 0 0 1665134 THE CLUB PROVIDES A SWIMMING POOL, TENNIS, BASKETBALL AND VOLLEYBALL COURTS ALONG WITH A DINING ROOM FACILITY FOR THE USE OF ITS MEMBERS SO THAT THEY MAY ENGAGE IN ATHLETICS AND SOCIALIZE. 1665134 0 0 0 0 0 0 0 0 0 1 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 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X JACEN FRIESS 8089696663 77 LAEHALA ST HILO HI 96720 X JOE MARSH REAR COMMODORE 0.50 X X 0 0 0 KARYL FRANKS SECRETARY 0.50 X X 0 0 0 CHRIS SCHLUETER SECRETARY 0.50 X X 0 0 0 KAPENA LUM TREASURER 0.50 X X 0 0 0 ANDREW IWASHITA TRUSTEE 0.50 X 0 0 0 BRITTA ZIMMER-LONG COMMODORE 0.50 X X 0 0 0 JANE HOFF TRUSTEE 0.50 X 0 0 0 WILL LEE TRUSTEE 0.50 X 0 0 0 TED HONG VICE COMMODORE 0.50 X X 0 0 0 DOREEN FRIBERG TRUSTEE 10.00 X 0 0 0 LISA HADWAY SPAIN TRUSTEE 0.50 X 0 0 0 KERRY UMAMOTO TRUSTEE 0.50 X 0 0 0 0 0 0 0 0 0 0 0 MEMBERSHIP DUES 900099 1131599 1131599 PROGRAM SERVICE REVENU 722100 664946 664946 1796545 3904 3904 NON-MEMBER REVENUE 722100 47559 47559 47559 1848008 1796545 47559 3904 875159 674093 201066 7069 7069 154470 118981 35489 76753 59119 17634 10177 10177 18913 14291 4622 10235 10235 272407 82869 189538 27334 25509 1825 42257 31795 10462 COST OF SALES 298730 278790 19940 REPAIRS & MAINTENANCE 249633 205635 43998 SUPPLIES 49737 46340 3397 CREDIT CARD FEES 47284 44128 3156 89564 83584 5980 2229722 1665134 564588 0 500 30639 409528 329781 286479 248003 31755 31252 41592 14190 2465397 2401267 91464 64130 861318 717995 100148 101627 26471 263383 126619 365010 X 0 0 473581 181341 261118 171644 734699 352985 861318 717995 -381714 0 X 0 0 0 2465397 2401267 64130 64130 PPP LOAN 263383 263383 FORM 990, PART VI, SECTION A, LINE 6 ANY PERSON OF GOOD REPUTE HAVING REACHED THE AGE OF 21 IS ELIGIBLE TO BE CONSIDERED FOR MEMBERSHIP. ANY PERSON WHO IS ELECTED TO MEMBERSHIP AND WHO RESIDES OR IS EMPLOYED IN EAST HAWAI'I SHALL BE A RESIDENT MEMBER.THREE CLASSES OF RESIDENT MEMBERSHIP ARE SENIOR RESIDENT, REGULAR RESIDENT AND INTERMEDIATE RESIDENT. ANY PERSON WHO IS ELECTED TO MEMBERSHIP AND WHO DOES NOT RESIDE OR IS NOT EMPLOYED IN EAST HAWAI'I SHALL BE A NONRESIDENT MEMBER. FORM 990, PART VI, SECTION A, LINE 7A THE CLUB OFFICERS, COMMODORE, VICE COMMODORE, SECRETARY AND TREASURER, ARE ELECTED ANNUALLY BY RESIDENT MEMBERS IN GOOD STANDING. THE BOARD OF TRUSTEES CONSIST OF THE FOUR CLUB OFFICERS, THE REAR COMMODORE AND EIGHT TRUSTEES. THE TRUSTEES ARE ELECTED ANNUALLY TO TWO YEAR TERMS BY RESIDENT MEMBERS IN GOOD STANDING. FORM 990, PART VI, SECTION B, LINE 11B THE CLUB TREASURER, MANAGER, ACCOUTANT, FINANCE COMMITTEE REVIEWS THE TAX RETURN PRIOR TO ITS SUBMITTAL TO THE BOARD OF TRUSTEES FOR REVIEW. THE BOARD USED A BOARD REVIEW CHECKLIST TO ASSIST THEM WITH THE REVIEW PROCESS. FORM 990, PART VI, SECTION B, LINE 12C ANNUAL CONFLICT OF INTEREST DISCLOSURE FORM IS COMPLETED ANNUALLY BY ALL BOARD OF TRUSTEE MEMBERS OR AS NEEDED AND IS REVIEWED BY THE CLUB MANAGER. FORM 990, PART VI, SECTION B, LINE 15 THE CLUB'S FINANCE COMMITTEE IS RESPONSIBLE FOR AN ANNUAL EVALUATION OF THE GENERAL MANAGER. A COMPETENT SALARY SURVEY IS USED TO BENCHMARK COMPENSATION FOR THE POSITION UTILIZING INDUSTRY SPECIFIC REPORTS AND OTHER STUDIES. THE COMMITTEE MEETS INDEPENDENT OF THE GENERAL MANAGER TO DISCUSS PERFORMANCE RELATIVE TO THE POSITION DESCRIPTION. DURING THESE DELIBERATIONS, THE COMMITTEE ALSO CONSIDERS INPUT OBTAINED FROM OTHER BOARD OF TRUSTEE MEMBERS, STAFF, PROFESSIONAL ADVISORS AND OTHER INFORMED COMMUNITY LEADERS. ONCE A CONSENSUS IS REACHED REGARDING PERFORMANCE, A SIMILAR DISCUSSION IS HELD CONCERNING COMPENSATION RELATIVE TO ANNUAL BENCHMARKS AND ESTABLISHED OBJECTIVES. THE COMMITTEE PRESENTS ITS FINDINGS AND RECOMMENDATIONS IN AN EXECUTIVE SESSION WITHOUT THE GENERAL MANAGER PRESENT, TO THE FULL BOARD OF TRUSTEES FOR REVIEW AND APPROVAL. THE CLUB DOES NOT HAVE ANY COMPENSATED OFFICERS OR KEY EMPLOYEES OTHER THAN THE CLUB MANAGER. FORM 990, PART VI, SECTION C, LINE 19 THE CLUB'S GOVERNING DOCUMENTS,CONFLICT OF INTEREST POLICY AND UNAUDITED FINANCIAL STATEMENTS ARE AVAILABLE FOR INSPECTION AT THE CLUB'S OFFICE UPON REQUEST TO THE CLUB MANAGER.