2024-05-17T21:41:29-05:00 2023-08-31 990169131 N&K CPAS INC 999 BISHOP ST STE 2200 HONOLULU HI 96813 990 2022-09-01 990073495 DIAMOND HEAD THEATRE DIAM 8087348763 520 MAKAPUU AVENUE HONOLULU HI 96816 TREVOR TAMASHIRO EXECUTIVE DIRECTOR 8087348763 2024-05-05 1 TREVOR TAMASHIRO 999009999 1 MICHAEL I TANAKA P00412914 8085242255 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z TREVOR TAMASHIRO 520 MAKAPUU AVENUE HONOLULU HI 96816 8831198 0 X WWW.DIAMONDHEADTHEATRE.COM X 1944 HI LIVE STAGE PRODUCTIONS & THEATRE ARTS EDUCATION 35 35 69 400 0 0 3301619 6597035 1390072 1676332 25409 37045 47168 304130 4764268 8614542 0 0 0 0 1162784 1075813 0 0 30909 1152977 2035477 2315761 3111290 2448507 5503252 28119332 34077964 3976840 4389287 24142492 29688677 X ESTABLISHED IN 1915, DIAMOND HEAD THEATRE IS THE BROADWAY OF THE PACIFIC, PRODUCING THE BEST LIVE COMMUNITY THEATRE ENTERTAINMENT AND ADVANCING THE THEATRE ARTS THROUGH EDUCATION IN HAWAII. 0 0 1861448 1295834 PRODUCTION: YEAR ROUND LIVE STAGED THEATRICAL PRODUCTIONS FOR HAWAII'S COMMUNITY. AN ESTIMATED 36,955 PATRONS ATTENDED. 118263 316503 EDUCATION: YEAR ROUND THEATRE ARTS EDUCATION WITH 1,125 INDIVIDUALS ENROLLED. 35366 67562 REFRESHMENTS: CANDY, CHIPS, SODA, WATER, WINE AND BEER AT ALL PERFORMANCES BY VOLUNTEERS TO PATRONS. 76578 OTHER: PHONE TRANSACTION FEE, PROCESSING FEES, DRIVE IN. 76578 2015077 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 50 0 1 69 1 0 0 0 0 1 1 1 1 0 0 0 0 0 0 X 35 35 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 HI X X X TREVOR TAMASHIRO EXECUTIVE DIRECTOR 8087330277 520 MAKAPUU AVE HONOLULU HI 96816 RICK CHONG IMMEDIATE PAST CHAIR 1.00 X X 0 0 0 DAVID OKABE DIRECTOR 1.00 X 0 0 0 COLIN MIWA CHAIR 1.00 X X 0 0 0 DEAN SHIGEMURA DIRECTOR 1.00 X 0 0 0 ELISIA FLORES VICE CHAIR 1.00 X X 0 0 0 CAROLYN A BERRY WILSON DIRECTOR 1.00 X 0 0 0 DENNIS FRANCIS DIRECTOR 1.00 X 0 0 0 DANIEL CHUN DIRECTOR 1.00 X 0 0 0 KELLY SANDERS DIRECTOR 1.00 X 0 0 0 GABE LEE SECRETARY / TREASURER 1.00 X X 0 0 0 INDRU WATUMULL DIRECTOR 1.00 X 0 0 0 TREVOR BRACHER VICE CHAIR 1.00 X X 0 0 0 MATTHEW PENNAZ VICE CHAIR 1.00 X X 0 0 0 TODD IACOVELLI DIRECTOR 1.00 X 0 0 0 JOHN MAGAURAN M D DIRECTOR 1.00 X 0 0 0 KAY HAMPTON DIRECTOR 1.00 X 0 0 0 JENNIFER TANABE DIRECTOR 1.00 X 0 0 0 LAURENCE PAXTON DIRECTOR 1.00 X 0 0 0 MARIKO LYONS DIRECTOR 1.00 X 0 0 0 NIGEL PENTLAND DIRECTOR 1.00 X 0 0 0 RICK CHING DIRECTOR 1.00 X 0 0 0 SHAREN WAGO DIRECTOR 1.00 X 0 0 0 MIKE CHING VICE CHAIR 1.00 X X 0 0 0 SIDNEY C L CHAR DIRECTOR 1.00 X 0 0 0 SUSAN EICHOR DIRECTOR 1.00 X 0 0 0 USON Y EWART DIRECTOR 1.00 X 0 0 0 VERNON WONG DIRECTOR 1.00 X 0 0 0 WENDELL J WO DIRECTOR 1.00 X 0 0 0 CATHERINE CAMP DIRECTOR 1.00 X 0 0 0 RANDY HARRIS DIRECTOR 1.00 X 0 0 0 JENNIFER DIESMAN DIRECTOR 1.00 X 0 0 0 RICHARD RAND DIRECTOR 1.00 X 0 0 0 PAUL SAITO DIRECTOR 1.00 X 0 0 0 TRAVIS TANAKA DIRECTOR 1.00 X 0 0 0 MARK WONG DIRECTOR 1.00 X 0 0 0 TREVOR TAMASHIRO EXECUTIVE DIRECTOR A/O 4/3/23 40.00 X 0 0 0 GERALDINE DRAY IMMEDIATE PAST EXECUTIVE DIRECTOR 45.00 X 154679 0 14565 154679 0 14565 1 0 1 0 0 397814 500 6198721 6597035 THEATRE PRODUCTIONS 711110 1292267 1292267 STUDIO TUITION 711110 316503 316503 CANTEEN SALES 624210 67562 67562 1676332 126485 126485 3567 0 3567 3567 3567 89440 -89440 -89440 -89440 351201 500 127216 223985 223985 OTHER 900099 76578 76578 76578 8614542 1756477 0 261030 X 181673 136186 45487 627244 470197 157047 8456 6339 2117 171823 128802 43021 86617 64930 21687 418365 212646 205719 85310 85288 22 75774 12449 32416 30909 182039 182039 366469 244298 122171 33111 19601 13510 420319 420319 62293 60505 1788 DIRECT THEATRE PRODUCTI 188665 188665 ARTIST AND ORCHESTRA FE 154028 154028 HOSPITALITY 45759 45759 OTHER 3345 3345 3111290 2015077 1065304 30909 720 720 9256152 9256222 1137591 614299 103748 171842 23675740 710365 16598598 22965375 1022523 1069506 28119332 34077964 2853061 2823755 1123779 1565532 3976840 4389287 X 18674673 24866971 5467819 4821706 24142492 29688677 28119332 34077964 X 5503252 42933 X X 0 1 X 1 0 X 3784574 3484205 4927659 3301619 6597035 22095092 3784574 3484205 4927659 3301619 6597035 22095092 3047094 19047998 247867 116297 8496 25724 130052 528436 53891 56079 50989 46853 76578 284390 22907918 6198044 0.83150 0.82710 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: PHONE TRANSACTION FEES CANTEEN BAR REVENUE PROCESSING FEES RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 72000 3076988 3148988 72000 72000 72000 72000 72000 162 162 72000 72000 231 231 72000 1.00000 1 0 22994420 383240 22611180 353710 112268 241442 327610 214857 112753 22965375 DEFERRED REVENUES - SEASON TICKETS AND OTHERS 1565532 1565532 X 8874131 170149 170149 8703982 -89440 -89440 8614542 3327946 216656 216656 3111290 0 3111290 PART V, LINE 4: TO SUPPORT OPERATIONS TO FULFILL THE MISSION OF DIAMOND HEAD THEATRE PART X, LINE 2: DIAMOND HEAD THEATRE (DHT) IS RECOGNIZED BY THE INTERNAL REVENUE SERVICE AS AN EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. DHT RECOGNIZES THE FINANCIAL STATEMENT BENEFIT OF A TAX POSITION ONLY AFTER DETERMINING THAT THE RELEVANT TAX AUTHORITY WOULD MORE LIKELY THAN NOT SUSTAIN THE POSITION AFTER AN AUDIT BASED ON THE TECHNICAL MERITS OF THE POSITION. DHT HAS NOT IDENTIFIED ANY UNCERTAIN TAX POSITIONS IN FILED RETURNS THAT REQUIRE DISCLOSURE IN THE ACCOMPANYING FINANCIAL STATEMENTS. DHT IS NOT SUBJECT TO INCOME TAXES IN THE U.S. FEDERAL JURISDICTION AND THE STATE. TAX REGULATIONS WITHIN EACH JURISDICTION ARE SUBJECT TO INTERPRETATION OF THE RELATED TAX LAWS AND REGULATIONS AND REQUIRE SIGNIFICANT JUDGMENT TO APPLY. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUST 42,933. DIRECT EXPENSES - FUNDRAISING EVENTS 127,216. PART XI, LINE 4B - OTHER ADJUSTMENTS: LOSS ON DISPOSAL OF ASSETS -89,440. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT EXPENSES - FUNDRAISING EVENTS 127,216. LOSS ON DISPOSAL OF ASSETS 89,440. OPENING GALA 2023 351701 500 351201 39116 63189 1400 23511 351701 500 351201 39116 63189 1400 23511 127216 223985 0 0 0 0 0 0 0 0 0 GERALDINE DRAY IMMEDIATE PAST EXECUTIVE DIRECTOR 154679 0 0 0 0 0 5200 0 9365 0 169244 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WILL BE REVIEWED BY THE EXECUTIVE COMMITTEE PRIOR TO ITS FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C A DIRECTOR HAS A DUTY TO EXERCISE LOYALTY, DILIGENCE, AND CONFIDENTIALITY AND AVOID CONFLICTS OF INTEREST IN THE CONDUCT OF DHT MATTERS. THE DUTY OF LOYALTY REQUIRES DIRECTORS OF DHT TO EXERCISE THEIR POWERS AND DISCHARGE THEIR RESPONSIBILITIES IN THE INTEREST OF DHT AND NOT IN THEIR OWN PERSONAL INTEREST OR IN THE INTEREST OF ANY OTHER PERSON OR ENTITY. A DIRECTOR SHALL PROMPTLY DISCLOSE TO THE BOARD ANY CONFLICT OF INTEREST WITH RESPECT TO ANY POTENTIAL OR ACTUAL TRANSACTION, AGREEMENT OR OTHER MATTER WHICH IS OR MAY BE PRESENTED TO THE BOARD FOR CONSIDERATION. FOR ANY POTENTIAL CONFLICT OF INTEREST, THE BOARD, WITH THE ABSTENTION OF THE INTERESTED DIRECTOR, MAY DECIDE WHETHER SUCH DIRECTOR MAY PARTICIPATE IN ANY REPORTING, DISCUSSION OR VOTE ON THE ISSUE THAT GAVE RISE TO THE POTENTIAL CONFLICT. ANY DIRECTOR WITH SUCH A CONFLICT OF INTEREST, SHALL RECUSE HIMSELF OR HERSELF FROM ANY REPORTING DISCUSSIONS AND VOTE ON THE ISSUE THAT GAVE RISE TO THE CONFLICT AND, IF NECESSARY, FROM THE BOARD MEETING, OR APPLICABLE PART THEREOF. RESIGNATION FROM THE BOARD FOR A CONFLICT OF INTEREST MAY BE APPROPRIATE AND/OR REQUIRED WHERE A DIRECTOR HAS SIGNIFICANT, ONGOING, AND IRRECONCILABLE CONFLICT AND WHERE SUCH CONFLICT SIGNIFICANTLY IMPEDES THE ABILITY TO CARRY OUT THE DIRECTOR'S RESPONSIBILITIES WITHOUT THE PERCEPTION OF BIAS. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION AMOUNTS ARE DETERMINED BASED ON RESEARCH DONE ON COMPARABLE ORGANIZATIONS FOR ALL MANAGEMENT LEVEL EMPLOYEES. REVIEW OF THE EXECUTIVE DIRECTOR IS DONE ANNUALLY BY THE BOARD EXECUTIVE COMMITTEE. THE LAST REVIEW OCCURRED IN 2023. FORM 990, PART VI, SECTION C, LINE 19 INFORMATION IS POSTED DIRECTLY ON DHT WEBSITE WWW.DIAMONDHEADTHEATRE.COM OR VIA LINKS PROVIDED. FORM 990, PART IX, LINE 11G PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 212,646. MANAGEMENT AND GENERAL EXPENSES 205,719. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 418,365. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUST 42,933. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR.