2023-11-15T01:35:52-06:00 2022-12-31 421539623 KMH LLP 1003 BISHOP STREET SUITE 2400 HONOLULU HI 96813 990 2022-01-01 990051520 OUTRIGGER CANOE CLUB OUTR 8089231585 2909 KALAKAUA AVENUE HONOLULU HI 96815 TYLER ROUKEMA COO 8089231585 2023-11-14 1 TYLER ROUKEMA 999009999 0 DANIELLE A HARANO P01258470 8085262255 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z TYLER ROUKEMA 2909 KALAKAUA AVENUE HONOLULU HI 96815 37729925 0 X HTTP://WWW.OUTRIGGERCANOECLUB.COM X 1908 HI PROMOTE ATHLETIC SPORTS AND ACTIVITIES, PROVIDE FOR SOCIAL INTERACTION BETWEEN ITS MEMBERS AND CULTIVATE THE ADVANCEMENT OF LEARNING OF THE ARTS AND SCIENCES. 13 13 238 100 1738698 453157 0 8000 8313917 9308627 1116308 333518 5447406 4340907 14877631 13991052 0 10595 0 0 5491951 6475213 0 0 0 5271258 5834632 10763209 12320440 4114422 1670612 51020027 67361844 4124619 21693102 46895408 45668742 PROMOTE ATHLETIC SPORTS AND ACTIVITIES, PROVIDE FOR SOCIAL INTERACTION BETWEEN ITS MEMBERS AND CULTIVATE THE ADVANCEMENT OF LEARNING OF THE ARTS AND SCIENCES. 0 0 SUPPORT OF ATHLETIC ACTIVITIES SOCIAL ACTIVITIES TO PROMOTE SPORTSMANSHIP 0 1 0 0 0 0 0 0 0 1 1 0 1 1 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 1 40 0 1 238 1 1 1 0 0 0 0 693000 2042747 0 0 0 X 13 13 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X JOCELYN APO 8089231585 2909 KALAKAUA AVENUE HONOLULU HI 96815 LAURIE FOSTER PRESIDENT 1.00 X X 0 0 0 EMILY PORTER SECRETARY 1.00 X X 0 0 0 CURT DEWEESE PRESIDENT ELECT 1.00 X X 0 0 0 ART MALLET TREASURER 1.00 X X 0 0 0 KEVIN GREENWELL ASST TREASURER 1.00 X X 0 0 0 EVIE BLACK DIRECTOR 1.00 X 0 0 0 LISSA GUILD EVELETH ASST SECRETARY 1.00 X X 0 0 0 DC EICHELBERGER DIRECTOR 1.00 X 0 0 0 CHRIS LAIRD DIRECTOR 1.00 X 0 0 0 GLENN PERRY DIRECTOR 1.00 X 0 0 0 JOHN BRYAN DIRECTOR 1.00 X 0 0 0 MARC HAINE DIRECTOR 1.00 X 0 0 0 DAVID SHOJI DIRECTOR 1.00 X 0 0 0 STEVE AUERBACH DIRECTOR 1.00 X 0 0 0 SIANA HUNT DIRECTOR 1.00 X 0 0 0 TYLER ROUKEMA GENERAL MANAGER & COO 50.00 X 238774 0 28588 JOCELYN APO CONTROLLER 50.00 X 152084 0 13706 REDE EDER FOOD & BEVERAGE DIRECTOR 50.00 X 123381 0 10701 MARK GEDEON EXECUTIVE CHEF 50.00 X 108932 0 24849 623171 0 77844 4 0 1 0 0 8000 8000 MEMBERSHIP DUES 713940 8277940 8277940 GUEST CARD FEES & SURCHARGE 713940 611059 611059 LOCKERS 713940 351874 347572 4302 PARKING 713940 51273 51273 16481 12852 3629 9308627 445274 445274 21071442 3412 21186610 0 -115168 3412 -111756 -111756 6767083 2552263 4214820 3428630 786190 MINIMUM CHARGE 713940 96743 96743 MISCELLANEOUS 713940 18724 18724 FINANCE CHARGES 713940 10620 10620 126087 13991052 12244354 1738698 0 10595 267362 4696429 91883 1000954 418585 29162 60815 108403 356635 36860 1791291 7003 1019267 434846 REPAIRS & MAINTENANCE 313217 SUPPLIES & UTENSILS 260950 ATHLETICS 210652 VALET SERVICE 164262 1041269 12320440 1272 1272 4708597 3838018 1448455 1447265 202837 269346 412164 898161 25332978 16958424 8556018 8374554 35528443 32427475 162241 20105753 51020027 67361844 1347579 1169264 2777040 20523838 4124619 21693102 X 46842078 45615412 53330 53330 46895408 45668742 51020027 67361844 X 1670612 -5357732 2460454 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 16053994 10107032 5946962 1446079 509579 936500 7794546 6341813 1452733 38359 38359 8374554 MUTUAL FUNDS 9483851 F MUNICIPAL BONDS 9522688 F COMMON STOCK 13420936 F 32427475 INTEREST RECEIVABLE 153948 RENTAL DEPOSIT 5281 INCOME TAX RECEIVABLE 182259 OPERATING LEASE RIGHT-OF-USE ASSET 19689716 DEFERRED TAX ASSET 74549 20105753 DEFERRED TAX LIABILITY 834122 OPERATING LEASE LIABILITY - CURRENT 418092 OPERATING LEASE LIABILITY - NONCURRENT 19271624 20523838 X 11265335 -5357732 2866426 -2491306 13756641 234411 234411 13991052 12492001 2594212 2594212 9897789 2422651 2422651 12320440 PART X, LINE 2: THE CLUB IS TAXED ON ITS UNRELATED BUSINESS INCOME AT TAX RATES APPLICABLE TO U.S. CORPORATIONS. UNRELATED BUSINESS INCOME CONSISTS OF INCOME FROM INVESTMENTS AND INCOME FROM NONMEMBERS OR THE GENERAL PUBLIC LESS ALLOWABLE EXPENSES DIRECTLY CONNECTED WITH THE PRODUCTION OF SUCH INCOME. THE CLUB RECOGNIZES DEFERRED TAX ASSETS AND LIABILITIES FOR THE EXPECTED FUTURE TAX CONSEQUENCES OF EVENTS THAT HAVE BEEN INCLUDED IN THE FINANCIAL STATEMENTS USING ENACTED TAX RATES IN EFFECT FOR THE YEAR IN WHICH THE DIFFERENCES ARE EXPECTED TO REVERSE. AT DECEMBER 31, 2022 AND 2021, THE CLUB HAD NO UNRECOGNIZED TAX BENEFITS. THE CLUB'S 2018 THROUGH 2021 FEDERAL AND HAWAII TAX RETURNS REMAIN OPEN TO EXAMINATION BY THE INTERNAL REVENUE SERVICE AND THE STATE OF HAWAII DEPARTMENT OF TAXATION. THE CLUB'S POLICY IS TO RECOGNIZE INTEREST EXPENSE AND PENALTIES RELATED TO INCOME TAX MATTERS AS A COMPONENT OF INCOME TAX EXPENSE. THE CLUB HAS NOT ACCRUED INTEREST AND PENALTIES AND THERE WERE NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2022 AND 2021. PART XI, LINE 2D - OTHER ADJUSTMENTS: MUNICIPAL BOND INTEREST 314,165. COST OF GOODS SOLD - INVENTORY SALES 2,552,263. ROUNDING -2. PART XI, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT EXPENSES 90,136. INVESTMENT EXPENSE RELATED TO TAX EXEMPT INTEREST 84,936. GET EXPENSE PAID ON INTEREST INCOME 33. MACFARLANE T-SHIRT NET INCOME 59,306. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD - INVENTORY SALES 2,522,143. FICA TAX WITHHELD ON CREDITABLE TIPS 72,069. PART XII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT EXPENSES 90,136. CHANGE IN MINIMUM PENSION LIABILITY 936,281. CURRENT AND DEFERRED FEDERAL INCOME TAX 1,367,015. GET EXPENSE PAID ON INTEREST INCOME 33. GRANT EXPENSE 29,186. 1 OUTRIGGER DUKE KAHANAMOKU FOUNDATION PO BOX 160924 HONOLULU HI 96816 990217299 501(C)(3) 10595 0 FMV TO PROVIDE FUNDING FOR SUPPORT OF PROGRAMS AND ACTIVITIES. PART I, LINE 2 OUTRIGGER DUKE KAHANAMOKU FOUNDATION (ODKF) IS ABLE TO USE THE GRANTS RECEIVED BY OUTRIGGER CANOE CLUB (OCC) AT THEIR OWN DISCRETION. THERE IS NO DONATION CRITERIA GIVEN TO ODKF. AS SUCH, THERE IS NO FORMAL PROCESS BY WHICH OCC MONITORS HOW THE FUNDS ARE USED. X 0 0 0 TYLER ROUKEMA GENERAL MANAGER & COO 200774 0 38000 0 0 0 6246 0 22342 0 267362 0 0 0 JOCELYN APO CONTROLLER 134141 0 17943 0 0 0 4056 0 9650 0 165790 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE CLUB HAS 4,908 MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS ELECT ALL OF THE DIRECTORS OF THE CLUB. FORM 990, PART VI, SECTION A, LINE 7B AS SET FORTH IN THE CLUB BY-LAWS, THE CLUB DIRECTORS HAVE LIMITED POWERS TO INCUR DEBT FOR THE CLUB. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS PREPARED BY THE FIRM THAT AUDITS THE CLUB'S FINANCIALS AND REVIEWED BY THE CLUB'S CONTROLLER PRIOR TO BEING FILED. A DRAFT OF THIS 990 WAS ALSO PROVIDED TO THE BOARD OF DIRECTORS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ON AN ANNUAL BASIS, THE MEMBERS OF THE BOARD OF DIRECTORS SIGN A CONFLICT OF INTEREST POLICY STATING THAT WHENEVER A MATTER REQUIRING ACTION OF THE BOARD, THE EXECUTIVE COMMITTEE, AN OFFICER OR COMMITTEE MEMBER INVOLVES A CONFLICT OF INTEREST OR POTENTIAL CONFLICT OF INTEREST, THE CONFLICT OF INTEREST OR POTENTIAL CONFLICT OF INTEREST SHALL BE PROMINENTLY AND TIMELY DISCLOSED. FORM 990, PART VI, SECTION B, LINE 15 THE SALARIES FOR THE HIGHLY COMPENSATED EMPLOYEES ARE REVIEWED ANNUALLY BY A BUDGET COMMITTEE DURING THE BUDGET PROCESS. THE BUDGET COMMITTEE COMPARES COMPENSATION OF THE CLUB GENERAL MANAGER, WHO SERVES AS THE TOP MANAGEMENT AND FINANCIAL OFFICIAL AND IS DEEMED TO BE AN OFFICER, TO THAT OF SIMILARLY SIZED ORGANIZATIONS. FORM 990, PART VI, SECTION C, LINE 19 THE CLUB'S BY-LAWS CAN BE PICKED UP AT THE CLUB'S FRONT DESK. THE CLUB'S ARTICLES OF INCORPORATION, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE NOT AVAILABLE TO THE PUBLIC; THEY ARE AVAILABLE TO THE CLUB MEMBERS UPON REQUEST. FORM 990, PART XI, LINE 9: CURRENT AND DEFERRED FEDERAL INCOME TAXES 1,367,015. CHANGE IN MINIMUM PENSION LIABILITY 936,281. MUNICIPAL BOND INTEREST 314,165. INVESTMENT EXPENSE RELATED TO TAX EXEMPT INTEREST -84,936. ROUNDING -2. FICA TAXES WITHHELD ON CREDITABLE TIPS -72,069. MACFARLANE T-SHIRT NET INCOME -29,186. GRANT EXPENSE 10,595. CANOE RACING 18,591. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.