2024-05-15T21:55:32-05:00 2023-06-30 421539623 KMH LLP 1003 BISHOP STREET SUITE 2400 HONOLULU HI 96813 990 2022-07-01 990079713 HONOLULU MUSEUM OF ART HONO 8085328700 900 SOUTH BERETANIA STREET HONOLULU HI 96814 HALONA NORTON-WESTBROOK DIRECTOR 8085328700 2024-05-15 1 HALONA NORTON-WESTBROOK 999009999 0 CHRISTOPHER CASSIDY P01237316 8085262255 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z HALONA NORTON-WESTBROOK 900 SOUTH BERETANIA STREET HONOLULU HI 96814 33945394 0 X HTTPS://HONOLULUMUSEUM.ORG X 1922 HI TO CREATE RELEVANT AND TRANSFORMATIVE EXPERIENCES THROUGH THE STUDY, PRESERVATION, PRESENTATION AND CREATION OF ART. 20 20 194 232 0 0 13097046 7465596 646432 1590643 19969668 1654001 505571 869569 34218717 11579809 0 0 0 0 7828917 9168696 0 0 2000454 6768143 7840099 14597060 17008795 19621657 -5428986 121950376 123852618 9313314 9326138 112637062 114526480 X TO CREATE RELEVANT AND TRANSFORMATIVE EXPERIENCES THROUGH THE STUDY, PRESERVATION, PRESENTATION AND CREATION OF ART. 0 0 10673732 1590643 THE ESSENTIAL CHARACTER OF THE HONOLULU MUSEUM OF ART HAS ALWAYS BEEN GROUNDED IN THREE FOUNDATIONAL ELEMENTS: ART OF THE HIGHEST QUALITY, A FIRM BELIEF IN THE POWER OF ART EDUCATION, AND A COMMITMENT TO ACCESSIBILITY. ART OF THE HIGHEST QUALITY KNOWS NO GEOGRAPHIC BOUNDARIES OR TIME PARAMETERS-IT EMERGES FROM PLACES BOTH FAMILIAR AND UNFAMILIAR, AND IT CAN BE FOUND IN THE PRESENT MOMENT AND THE DISTANT PAST. REGARDLESS OF THEIR ORIGINS, ART WORKS OF THE HIGHEST QUALITY ARE UNITED IN THAT THEY EMBODY INCREDIBLE CRAFTSMANSHIP AND EXPRESS THEMES AND IDEAS THAT ARE BOTH TIMELY TO THE MOMENT IN WHICH THEY ARE CREATED AND CONVEY A UNIVERSAL AND LASTING RELEVANCE. SIMILARLY, ART EDUCATION DOES NOT HAVE ONE MODE OF EXPRESSION BUT IS MULTI-FACETED AND DYNAMIC; IT SPANS A SPECTRUM OF ENGAGEMENT WHICH RANGES FROM THE CEREBRAL TO THE HANDS-ON. HOMA'S LONG STANDING CHAMPIONSHIP OF ART EDUCATION HAS ALWAYS SOUGHT TO ACKNOWLEDGE AND FACILITATE THE BROAD RANGE OF WAYS THAT PEOPLE ARE DRAWN INTO A LIFE THAT IS ENRICHED BY THE ARTS AND CREATIVITY, WHETHER THAT BE THROUGH INTELLECTUAL ENGAGEMENT OR HANDS-ON ART MAKING. A COMMITMENT TO ACCESSIBILITY IS ALSO A CORE CHARACTERISTIC THAT DEFINES HOMA, AND CARRIES WITH IT AN INHERENT EMBRACE OF COMMUNITY AND A CELEBRATION OF DIVERSITY AND INCLUSION. THIS COMMITMENT TO ACCESSIBILITY HAS BEEN WITH THE MUSEUM IN ONE FORM OR ANOTHER SINCE ITS FOUNDING. DURING THE FISCAL YEAR ENDED 2022, AROUND 69,000 PEOPLE VISITED HOMA TO; VIEW ART IN THE GALLERIES, PARTICIPATE IN STUDIO CLASSES, ATTEND A TOUR, WATCH A FILM, WATCH A PERFORMANCE, OR ENGAGE IN A VARIETY OF PROGRAMMING ACTIVITIES, WHICH INCLUDED WORKSHOPS AND PANEL DISCUSSIONS.THE HONOLULU MUSEUM OF ART POSSESSES AN ENCYCLOPEDIC COLLECTION OF WORKS RANGING FROM EASTERN AND WESTERN ANTIQUITIES UP THROUGH CONTEMPORARY 21ST CENTURY ARTWORK, WITH A SPECIAL EMPHASIS ON WORKS OF ART THAT REFLECT THE DIVERSE COMMUNITIES THAT CALL HAWAII HOME. THE CONSIDERABLE COLLECTION INCLUDES THE THIRD LARGEST COLLECTION OF JAPANESE WOODBLOCK PRINTS IN THE UNITED STATES, A TEXTILE COLLECTION RANGING FROM ETHNOGRAPHIC OBJECTS THROUGH CONTEMPORARY CLOTHING AND COSTUMES, AND WESTERN ART BY SOME OF THE MOST INFLUENTIAL MODERN MASTERS AND ARTISTIC MOVEMENTS: PICASSO, MATISSE, GAUGUIN, VAN GOGH, MONET, SEURAT, WHISTLER, AND CASSATT, TO NAME A FEW. HOMA HAS AN ACTIVE EXHIBITION PROGRAM THAT IS CULTURALLY DIVERSE AND RELEVANT TO LOCAL, NATIONAL, AND INTERNATIONAL AUDIENCES. WITH EXHIBITIONS SPANNING TIME AND PLACE, THE MUSEUM HAS STRIVED TO ENGAGE CURRENT CONVERSATIONS AND NARRATIVES THROUGH VISUAL LANGUAGE. THE MUSEUM HAS WORKED WITH INSTITUTIONS, ARTISTS, AND LENDERS BOTH DOMESTICALLY AND ABROAD TO PRESENT EXHIBITIONS THAT ARE COMPREHENSIVE AND PROMOTE THOUGHT AND DIALOGUE. IN 2023, HOMA PRESENTED THE FOLLOWING EXHIBITIONS. REBECCA LOUISE LAW: AWAKENINGNOAH HARDERS: MOEMOEAANIMALS IN JAPANESE ARTSHARON GUIRGUIS, A'ARU, FIELD OF DREAMSREFRAMING THE LANDSCAPES OF HAWAII BIG HEADS: PORTRAITS BY KITAGAWA UTAMARO KITAGAWA UTAMARO: THREE BEAUTIES OF THE YOSHIWARASALMON TOOR: NO ORDINARY LOVETRANSFORMATIONS: MODERN JAPANESE ARTLAUREN HANA CHAI: THE FIVE SENSESTHE EXQUISITE CORPSES OF TAKAYANGI YUTAKA HARD EDGE: GEOMETRIC ABSTRACTION ON PAPER NAVIGATING A MINEFIELD: A MANGA DEPICTION OF JAPANESE AMERICANS IN THE SECOND WORLD WARNAVID SINEKI: THE INFINITE GARDENDISASTERS OF WAR: THEN AND NOW PERSPECTIVES SHOULD BE REVERSED: DAVID HOCKNEY PRINTS FROM THE JORDAN D. SCHNITZER COLLECTION AND HIS FAMILY FOUNDATIONSHINING PRINCE: THE TALE OF GENJI A COMMITMENT TO ACCESSIBILITY HAS BEEN PART OF THE HONOLULU MUSEUM OF ART SINCE ITS FOUNDING. THE MUSEUM'S CHARTER DESCRIBED AN INSTITUTION WHERE ALL PEOPLE, REGARDLESS OF BACKGROUND, CAN FEEL CELEBRATED AND IMMERSED IN CREATIVITY, AND WHERE, MOREOVER, THEY ARE INVITED TO PARTAKE IN THE CELEBRATION AND CREATIVITY OF OTHERS AS WELL. IF ACCESSIBILITY IS THE AIM, ART EDUCATION IS THE KEY THAT UNLOCKS THAT DOOR, AND IT BEGINS WITH CHILDREN. THE VISUAL ARTS INTEGRATION PROGRAM HARNESSES THE POWER OF ART TO ENHANCE THE LEARNING EXPERIENCE IN TITLE I SCHOOLS. EACH STUDENT IN THE PROGRAM PARTICIPATES IN ART IMMERSION CLASSES IN SCHOOL AND ATTENDS ACADEMICALLY ALIGNED FIELD TRIPS AT THE HONOLULU MUSEUM OF ART. THEIR TEACHERS ATTEND MUSEUM-DIRECTED WORKSHOPS ON HOW TO USE ART FOR EFFECTIVE TEACHING. ALL ACTIVITIES ARE DESIGNED TO SUPPORT LEARNING GOALS AS DEFINED BY THE STATE OF HAWAI'I DEPARTMENT OF EDUCATION. DURING THE COVID PANDEMIC, CERTAIN IN PERSON ACTIVITIES WERE POSTPONED SO HOMA EXPANDED ITS VIRTUAL ART MAKING OFFERINGS AND IMPLEMENTED AND AT HOME ART KITS PROGRAM FOR YOUTH.HOMA IS A MUSEUM THAT HAS GROWN STRONGER THROUGH THE GENERATIONS AND CARRIES A STORIED HISTORY. WHILE IT IS ROOTED IN ITS FOUNDATIONAL LEGACY, THE MUSEUM CONTINUES TO LOOK TOWARDS THE FUTURE WITH FRESH IDEAS AND NEW ENERGY TO CONTINUE TO FULFILL ITS MISSION OF CREATING RELEVANT AND TRANSFORMATIVE EXPERIENCES THROUGH THE STUDY, PRESERVATION, PRESENTATION, AND CREATION OF ART. 10673732 1 1 0 0 0 0 0 1 0 1 1 1 0 1 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 1 0 0 0 0 0 0 0 1 66 0 1 194 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 20 20 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 HI X X EARL FUSATO 8085328771 900 S BERETANIA STREET HONOLULU HI 96814 KATHLEEN SULLIVAN WO TRUSTEE & CHAIRMAN 3.00 X X 0 0 0 SHARON TWIGG-SMITH TRUSTEE & VICE CHAIRMAN 2.00 X X 0 0 0 HERB CONLEY TRUSTEE & VICE PRESIDENT 2.00 X X 0 0 0 RAJIV BATRA TRUSTEE & TREASURER 2.00 X X 0 0 0 PATRICIA LEE TRUSTEE & SECRETARY 2.00 X X 0 0 0 KAILI CHUN TRUSTEE 1.00 X 0 0 0 JOSH FELDMAN TRUSTEE 1.00 X 0 0 0 MARK FUKUNAGA TRUSTEE 1.00 X 0 0 0 PRISCILLA GROWNEY TRUSTEE 1.00 X 0 0 0 MICHELLE HO TRUSTEE 1.00 X 0 0 0 LYNNE JOHNSON TRUSTEE 1.00 X 0 0 0 JAMES LALLY TRUSTEE 1.00 X 0 0 0 VIOLET SW LOO TRUSTEE 1.00 X 0 0 0 MELISSA LUM TRUSTEE (7/1/22 - 1/23/23) 1.00 X 0 0 0 AMBER STRONG MAKAIAU TRUSTEE 1.00 X 0 0 0 AVI MANNIS TRUSTEE 1.00 X 0 0 0 MICHAEL WATANABE TRUSTEE 1.00 X 0 0 0 JAIDEV WATUMULL TRUSTEE 1.00 X 0 0 0 JULIAN AKO TRUSTEE 1.00 X 0 0 0 JUDITH PYLE TRUSTEE 1.00 X 0 0 0 ROBERT STEELE TRUSTEE 1.00 X 0 0 0 HALONA NORTON-WESTBROOK DIRECTOR/CEO 40.00 X 400646 0 30737 HALL PENNI CHIEF OPERATING OFFICER 40.00 X 141823 0 13195 FUSATO EARL CHIEF FINANCIAL OFFICER 40.00 X 59584 0 3530 WHITNEY CATHERINE LYN DIRECTOR OF CURATORIAL AFF 40.00 X 138758 0 19447 MORRISON JASON REID DIRECTOR OF CAMPUS OPERATI 40.00 X 134044 0 0 874855 0 66909 4 0 1 0 PRIOR VISION LLC 590 FARRINGTON HWY KAPOLEI HI 96707 SECURITY 413008 PEST TECH HAWAII 2007A WATERHOUSE ST HONOLULU HI 96819 FUMIGATION 145548 BERT B LANDSCAPING & TREE TRIMMING PO BOX 2631 HONOLULU HI 96803 SPALDING HOUSE GROUND MAINTENANCE 114400 3 678030 692872 1000293 5094401 7465596 TUITION & FEES 611710 816655 816655 ADMISSIONS 711190 680818 680818 PROGRAM DEVELOPMENT 611710 93170 93170 1590643 1036561 1036561 122665 92316 30349 30349 30349 13181663 8687595 13551855 7699963 -370192 987632 617440 617440 206435 692872 342323 -135888 -135888 1787302 679128 1108174 1108174 OTHER INCOME/(LOSS) 900099 -133066 -133066 -133066 11579809 1590643 0 2523570 602054 345565 164333 92156 6883650 4335456 1690496 857698 1128161 647538 307936 172687 554831 318461 151443 84927 278236 278236 120981 120981 386422 386422 1188602 906767 281835 461650 46453 70509 344688 654250 548687 76223 29340 2478725 1620547 818037 40141 160606 90374 49868 20364 253731 97493 137868 18370 1060370 1086431 -52184 26123 148479 144457 2725 1297 OTHER EXPENSES 162574 128102 54986 -20514 SECURITY 162216 131192 27845 3179 EXHIBITION 102676 102676 ART ACQUISITIONS 90042 90042 130539 33491 48885 48163 17008795 10673732 4334609 2000454 17536 35413 4031378 9277833 778793 100600 258126 276296 1998778 783461 51838765 24993460 26989858 26845305 33436842 56670574 31159118 11160468 23279947 18702668 121950376 123852618 813658 1075686 219571 34848 6900000 6900000 1380085 1315604 9313314 9326138 X 14080223 7907280 98556839 106619200 112637062 114526480 121950376 123852618 X -5428986 6195399 1123005 X X 0 1 X 1 1 1 X 12801842 11712199 6287518 13097046 7465596 51364201 12801842 11712199 6287518 13097046 7465596 51364201 11166404 40197797 1842676 1774109 1464744 1350182 1159226 7590937 2006338 1421669 2202013 1054585 1864775 8549380 67504518 5872815 0.59550 0.59510 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: SPECIAL EVENTS - 2018 AMOUNT: $ 107,600. 2019 AMOUNT: $ 100,600. 2021 AMOUNT: $ 66,800. 2022 AMOUNT: $ 206,435. GROSS SALES OF INVENTORY - 2018 AMOUNT: $ 1,678,288. 2019 AMOUNT: $ 1,199,400. 2020 AMOUNT: $ 586,911. 2021 AMOUNT: $ 1,152,045. 2022 AMOUNT: $ 1,787,302. OTHER INCOME - 2018 AMOUNT: $ 48,730. 2019 AMOUNT: $ 86,034. 2020 AMOUNT: $ 98,402. 2021 AMOUNT: $ 10,646. 2022 AMOUNT: $ 36,647. OTHER EXCLUDED REVENUE - 2018 AMOUNT: $ 171,720. 2019 AMOUNT: $ 35,635. 2020 AMOUNT: $ 1,516,700. 2021 AMOUNT: $ -174,906. 2022 AMOUNT: $ -165,609. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 1 0 73043331 7662825 3787750 84493906 93126660 1409653 -21492982 73043331 77253426 8594657 7278577 93126660 77967871 106724 -821169 77253426 77516143 93510 358218 77967871 0.00900 0.99100 0 0 4211552 4211552 39476131 18482897 20993234 1140202 392824 747378 6999498 6117739 881759 11382 11382 26845305 MARKETABLE ALTERNATIVE ASSETS 10754016 F ETF & CLOSED END FUNDS 406452 F 11160468 BENEFICIAL INTEREST IN PERPETUAL TRUSTS 18302668 LONG TERM CONTRIBUTION RECEIVABLE 400000 18702668 LIABILITY UNDER SPLIT INTEREST 1295686 OTHER LIABILITY 19918 1315604 X 19191054 6195399 1123002 7318401 11872653 386422 -679266 -292844 11579809 17301636 679263 679263 16622373 386422 386422 17008795 PART III, LINE 1A: ART COLLECTION THE MUSEUM'S ART COLLECTION COMPRISES WORKS OF ART, WHICH ARE HELD FOR EXHIBITION, RESEARCH, AND EDUCATIONAL PURPOSES. EACH OF THE ITEMS IS CATALOGED, PRESERVED, AND CARED FOR, AND ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE PERFORMED CONTINUOUSLY. THE COLLECTIONS ARE SUBJECT TO A POLICY THAT REQUIRES PROCEEDS FROM THEIR SALES TO BE USED TO ACQUIRE OTHER ITEMS FOR THE COLLECTION. WORKS OF ART IN THE MUSEUM'S COLLECTION ARE NOT RECOGNIZED AS ASSETS IN THE ACCOMPANYING STATEMENT OF FINANCIAL POSITION. PURCHASES OF ART ARE RECORDED AS DECREASES IN UNRESTRICTED NET ASSETS IN THE YEAR IN WHICH THE ITEMS ARE ACQUIRED. PART V, LINE 4: ENDOWMENT FUNDS THE MUSEUM USES ITS PERMANENTLY RESTRICTED PORTION OF THE ENDOWMENT CONSISTENT WITH THE DONOR'S RESTRICTIONS. THE UNRESTRICTED PORTION OF THE ENDOWMENT IS USED TO PROVIDE A PREDICTABLE AND CONSTANT STREAM OF CURRENT INCOME FOR OPERATING NEEDS. EARNINGS FROM THE ENDOWMENT FUNDS ARE TO BE USED FOR THE FOLLOWING INTENDED PURPOSES: GENERAL OPERATIONS AND GALLERY MAINTENANCE $ 55,644,616 (66%) ART ACQUISITIONS $ 7,625,032 (9%) CURATORIAL AND CONSERVATION $ 6,592,780 (8%) EDUCATION $ 12,999,589 (15%) EXHIBITIONS $ 1,631,889 (2%) ----------------- $ 84,493,906 (100%) THE ALLOCATION OF ENDOWMENT FUND AMOUNTS BETWEEN THE INTENDED PURPOSES IS THE BEST ESTIMATE OF THE ORGANIZATION AS OF THE DUE DATE OF THE RETURN. PART X, LINE 2: FIN 48 FOOTNOTE THE MUSEUM IS EXEMPT FROM INCOME TAXES UNDER SECTION 501 (C)(3) OF THE INTERNAL REVENUE CODE AND THE HAWAII REVISED STATUTES. THE MUSEUM IS ALSO EXEMPT FROM HAWAII GENERAL EXCISE TAX ON GROSS RECEIPTS DIRECTLY RELATED TO ITS MISSION. HOWEVER, THE MUSEUM IS SUBJECT TO INCOME AND HAWAII GENERAL EXCISE TAXES ON ANY NET INCOME OR GROSS RECEIPTS THAT ARE DERIVED FROM A TRADE OR BUSINESS, REGULARLY CARRIED ON, AND NOT IN FURTHERANCE OF THE PURPOSES FOR WHICH IT WAS GRANTED EXEMPTION. NO INCOME TAX PROVISION HAS BEEN RECORDED AS THE NET INCOME, IF ANY, FROM ANY UNRELATED TRADE OR BUSINESS, IN THE OPINION OF MANAGEMENT, IS NOT MATERIAL TO THE FINANCIAL STATEMENTS TAKEN AS A WHOLE. THE MUSEUM RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF IT IS MORE-LIKELY-THAN-NOT THAT THE TAX POSITION WILL BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX EFFECTS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST AMOUNT THAT HAS A GREATER THAN 50 PERCENT LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. CHANGES IN RECOGNITION OR MEASUREMENT ARE REFLECTED IN THE PERIOD IN WHICH THE CHANGE IN JUDGMENT OCCURS. ANY INTEREST OR PENALTIES RELATED TO ANY UNRECOGNIZED TAX BENEFIT/LIABILITY ARE CLASSIFIED AS MANAGEMENT AND GENERAL EXPENSES. THE MUSEUM HAS EVALUATED ITS TAX POSITIONS AND DETERMINED THAT THERE WERE NO UNCERTAIN TAX POSITIONS AT JUNE 30, 2023 AND 2022. ACCORDINGLY, THERE ARE NO INTEREST OR PENALTIES RECOGNIZED DURING THE YEARS ENDED JUNE 30, 2023 AND 2022. TAX YEARS FROM 2020 ARE OPEN FOR FEDERAL INCOME TAX EXAMINATION. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUES OF SPLIT-INTEREST AGREEMENTS 1,123,002. PART XI, LINE 4B - OTHER ADJUSTMENTS: PURCHASES FOR RESALE -679,263. ROUNDING -3. PART XII, LINE 2D - OTHER ADJUSTMENTS: PURCHASES FOR RESALE 679,263. SCHEDULE D, PART III, LINES 2A & 2B DEFINITION OF COLLECTIONS THE MUSEUM'S TWO PRINCIPAL ACCESSIONED COLLECTIONS ARE DESIGNATED AS THE PRIMARY (OR MAIN) AND SECONDARY (OR STUDY) COLLECTIONS. THE MAJORITY OF THE MUSEUM'S HOLDINGS ARE IN THE PRIMARY COLLECTION. THE SECONDARY COLLECTION IS COMPRISED OF WORKS OF ALL MEDIA THAT MAY BE OF LESSER QUALITY BUT ARE NEEDED TO REPRESENT A PARTICULAR PERIOD, STYLE OR TECHNIQUE, OF OBJECTS WHOSE ATTRIBUTION REQUIRE FURTHER RESEARCH, AND FOR RESEARCH PURPOSES. THE THIRD CATEGORY EXISTS OF WORKS SET ASIDE FOR USE AS EQUIPMENT IN OFFICES OR THAT WERE GIVEN TO THE MUSEUM FOR PURPOSES OF SALE. THESE OBJECTS ARE NOT FORMALLY ACCESSIONED INTO THE COLLECTION. THE VALUE OF THESE OBJECTS IS REPORTED IN PART III, ITEMS 2A AND 2B. SCHEDULE D, PART III, LINE 4 ORGANIZATIONS MAINTAINING COLLECTIONS OF ART, HISTORICAL TREASURE OR OTHER THE MUSEUM HAS AN INTERNATIONALLY-RENOWNED, ENCYCLOPEDIC COLLECTION OF OVER 50,000 WORKS OF ART THAT BEGAN WITH MRS. COOKE'S GIFT OF 4,000 ARTWORKS IN 1927. THIS COLLECTION LIES AT THE CORE OF OUR EDUCATIONAL MISSION AND IS A REMARKABLE MIRROR OF HAWAI'I'S ETHNIC DIVERSITY. THE COLLECTION IS THE FOUNDATION FOR THE MUSEUM'S PROGRAMS AND A VEHICLE THROUGH WHICH THE MUSEUM CARRIES OUT ITS MISSION TO SERVE HAWAII. THE PRIMARY RATIONALE FOR COLLECTING IS TO DEVELOP A BODY OF VISUAL AND INTELLECTUAL MATERIAL THAT DOCUMENTS AND INTERPRETS WORLD CULTURE IN AN ENCYCLOPEDIC FORMAT. THE MUSEUM IS KNOWN FOR ITS ASIAN COLLECTION, INCLUDING COMPREHENSIVE HOLDINGS IN CHINESE, INDIAN, JAPANESE, KOREAN, AND SOUTHEAST ASIAN ART. THE CROWN JEWEL OF THE MUSEUM'S ASIAN ART COLLECTION IS THE JAMES A. MICHENER COLLECTION OF OVER 10,000 JAPANESE UKIYO-E WOODBLOCK PRINTS, THE THIRD LARGEST COLLECTION OF ITS KIND IN THE UNITED STATES. THE MUSEUM'S PERMANENT COLLECTION ALSO EXCELS IN EUROPEAN AND AMERICAN PAINTING, GRAPHIC ART, AND DECORATIVE ARTS. NINETEENTH AND TWENTIETH CENTURY PAINTINGS ARE REPRESENTED BY SUCH MASTERS AS MONET, RENOIR, CEZANNE, GAUGUIN, VAN GOGH, MODIGLIANI, LEGER, PICASSO, BRAQUE, AND MATISSE. MAJOR AMERICAN AND MODERN AND CONTEMPORARY HOLDINGS ARE REPRESENTED BY SUCH MASTERS AS JAMES MCNEILL WHISTLER, JOHN SINGER SARGENT, GASTON LACHAISE, ALEXANDER CALDER, ISAMU NOGUCHI, LOUISE NEVELSON, AND LEE BONTECOU. THE LARGEST SINGLE PART OF THE PERMANENT COLLECTION COMPRISES OVER 15,000 EXAMPLES OF EUROPEAN AND AMERICAN WORK ON PAPER, RANGING IN DATE FROM THE RENAISSANCE TO THE CONTEMPORARY ERA. THE MUSEUM'S COLLECTION OF CONTEMPORARY ART INCLUDES WORKS GIFTED BY THE CONTEMPORARY MUSEUM, HONOLULU IN JULY, 2011. THE INTEGRATED CONTEMPORARY COLLECTION NOW INCLUDES WORKS FROM 1970 TO THE PRESENT. THIS INCLUDES ARTISTS SUCH AS DONALD JUDD, SOL LEWITT, FRANK STELLA, TOM WESSELMANN, JIM DINE, ANDY WARHOL, ROBERT MOTHERWELL, SAM FRANCIS, ROBERT ARNESON, JOSEPH CORNELL, H. C. WESTERMANN, JENNIFER BARTLETT, KARA WALKER, KIKI SMITH, WILLIAM KENTRIDGE, VIK MUNIZ, BRUCE CONNER, TERRY ALLEN, WILLIAM WILEY, DAVID HOCKNEY, ROBERT GRAHAM, ED AND NANCY REDDIN KIENHOLZ, THOMAS RUFF, AND THOMAS STRUTH. PARTICULAR STRENGTHS ARE IN CERAMICS AND CERAMIC SCULPTURE, WOOD, GLASS, METAL, AND FIBER. THE MUSEUM'S TEXTILE COLLECTION IS ESPECIALLY STRONG IN WORKS FROM ASIA, AND ALSO INCLUDES IMPORTANT TEXTILES FROM THE NEAR EAST, AFRICA, EUROPE, AND THE AMERICAS. THE ARTS OF HAWAII COMPRISE BOTH EXAMPLES OF INDIGENOUS HAWAIIAN ART, AND POST-EUROPEAN CONTACT PAINTINGS, AND WORKS ON PAPER. THROUGH THE DEVELOPMENT OF STRONG CURATORIAL AND PROFESSIONAL STAFF, THE MUSEUM PROMOTES ITS COLLECTIONS BY FOCUSING ON EXHIBITIONS THAT ENGAGE RESIDENTS AND VISITORS TO HAWAII. THE MUSEUM MAKES ITS PERMANENT COLLECTIONS AVAILABLE IN ITS RENOVATED GALLERIES AND ON ITS WEBSITE, A MAJOR COMPONENT OF IMPROVED VISIBILITY THAT HAS POSITIVE CONSEQUENCES FOR ATTENDANCE AND COLLECTION GROWTH. X X X X X X 1 HI KAMA'AINA XMAS 751072 692872 58200 76249 101308 6794 44948 AVANT GARDEN 68415 68415 5067 15259 15464 25914 2 79820 79820 5593 28535 5162 12030 899307 692872 206435 86909 145102 27420 82892 342323 -135888 X X 1 1 X X X 0 0 0 0 0 0 0 0 0 HALONA NORTON-WESTBROOK DIRECTOR/CEO 400646 0 0 0 0 0 0 0 30737 0 431383 0 0 0 WHITNEY CATHERINE LYN DIRECTOR OF CURATORIAL AFF 138758 0 0 0 0 0 0 0 19447 0 158205 0 0 0 HALL PENNI CHIEF OPERATING OFFICER 141823 0 0 0 0 0 0 0 13195 0 155018 0 0 0 X SEE DISCLOSURE BELOW 0 0 1 1 PART I, COLUMN (B): NON-CASH CONTRIBUTIONS FOR WHICH NO REVENUES WERE REPORTED SCHEDULE M, PART I, LINE 33 WORKS OF ART AND BOOKS IN THE MUSEUM'S COLLECTION ARE NOT RECOGNIZED AS ASSETS IN THE FINANCIAL STATEMENTS. THE MUSEUM DOES NOT ESTIMATE THE VALUE OF ART OBJECTS ACQUIRED BY GIFT. NONCASH CONTRIBUTIONS DISCLOSURE SCHEDULE M, COLUMN B THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS RECEIVED IN COLUMN B OF SCHEDULE M. FOR GIFTS OF SECURITIES, EACH SEPARATE GIFT IS TREATED AS A SINGLE CONTRIBUTION FOR PURPOSES OF COLUMN B. METHOD OF DETERMINING REVENUES SCHEDULE M, PART I, COLUMN D CONTRIBUTED PROPERTY (EXCEPT FOR STOCK) IS RECORDED AS ZERO VALUE ON THE DATE OF DONATION. THE FAIR VALUE OF PUBLICLY TRADED SECURITIES IS BASED ON AVERAGE MARKET PRICES ON THE DATE OF DONATION. THIRD PARTIES USED TO SELL NON-CASH DONATIONS SCHEDULE M, PART I, LINE 32B THE ORGANIZATION USES VARIOUS THIRD PARTY OR AUCTION HOUSES TO SELL DONATED ARTWORK. THE MUSEUM USES THE AUCTION HOUSES TO SELL OLDER PIECES OF ART THAT WERE NEVER ACCESSIONED INTO THE MUSEUM'S COLLECTION. THE AUCTION HOUSES REMIT THE AMOUNT RECEIVED TO THE MUSEUM, AFTER DEDUCTING APPLICABLE FEES RELATED TO THE SALE OF THE ARTWORK. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW PROCESS THE FORM 990 IS REVIEWED BY THE DIRECTOR AND THE CHIEF FINANCIAL OFFICER. IN ADDITION, THE FORM 990 IS ALSO DISTRIBUTED TO THE BOARD PRIOR TO THE FILING DATE. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY THE DIRECTOR AND THE EXECUTIVE ASSISTANT ARE CHARGED WITH MONITORING PROPOSED OR ONGOING TRANSACTIONS FOR CONFLICTS OF INTEREST AND ADDRESSING ANY POTENTIAL OR ACTUAL CONFLICTS. PURSUANT TO THE CONFLICTS OF INTEREST POLICY, AN ANNUAL CONFLICT OF INTEREST QUESTIONNAIRE, AIMED AT DETERMINING ANY FAMILY AND BUSINESS RELATIONSHIPS AND TRANSACTIONS OR OTHER TRANSACTIONS THAT MAY POSE A POTENTIAL CONFLICT, IS DISTRIBUTED TO ALL OFFICERS, DIRECTORS, TRUSTEES, AND KEY EMPLOYEES. COVERED PERSONS ARE REQUIRED TO DISCLOSE REAL OR POTENTIAL CONFLICTS AT THE TIME WHEN SUCH CONFLICTS ARISE. IF A POTENTIAL CONFLICT OF INTEREST IS IDENTIFIED, THE INTERESTED PERSON(S) DOES NOT VOTE ON ANY RELATED BOARD MOTION. FORM 990, PART VI, SECTION B, LINE 15 #15A, PROCESS FOR DETERMINING THE DIRECTOR'S COMPENSATION: THE BOARD OF TRUSTEES CREATES A SEARCH COMMITTEE WHEN HIRING A NEW EXECUTIVE DIRECTOR. THAT COMMITTEE UTILIZES AN OUTSIDE RECRUITMENT CONSULTANT, MARKET DATA AND PEER DATA TO DETERMINE THE SALARY RANGE. THEREAFTER, THE BOARD OF TRUSTEES EVALUATES THE DIRECTOR'S PERFORMANCE AND DETERMINES ANY SALARY INCREASES OR BONUS PAYMENTS. MARKET OR PEER DATA IS REVIEWED PERIODICALLY. #15B, PROCESS FOR DETERMINING THE KEY EMPLOYEES' COMPENSATION: COMPENSATION FOR KEY EMPLOYEES, EXCLUDING THE EXECUTIVE DIRECTOR, IS REVIEWED BY THE EXECUTIVE DIRECTOR, THE CHIEF OPERATING OFFICER, THE DIRECTOR OF HUMAN RESOURCES AND THE CHIEF FINANCIAL OFFICER AT LEAST ONCE PER ANNUM AS PART OF THE REVIEW OF THE TOTAL COMPENSATION STRUCTURE FOR ALL EMPLOYEES OF THE MUSEUM. ANY SALARY INCREASES ARE ULTIMATELY APPROVED BY THE EXECUTIVE DIRECTOR. MARKET OR PEER DATA IS REVIEWED PERIODICALLY. FORM 990, PART VI, SECTION C, LINE 19 INFORMATION AVAILABLE TO THE PUBLIC THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE IN HARD COPY OR ELECTRONICALLY UPON REQUEST. THE PAST THREE YEARS OF AUDITED FINANCIAL STATEMENTS AND TAX RETURNS ARE ALSO AVAILABLE ON THE ORGANIZATION'S WEBSITE. FORM 990, PART XI, LINE 9: CHANGES IN VALUE OF SPLIT-INTEREST AGREEMENTS 1,123,002. ROUNDING 3. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.