2024-10-08T19:09:15-05:00 2023-12-31 261659234 CW ASSOCIATES CPAS 700 BISHOP STREET SUITE 1040 HONOLULU HI 96813 990 2023-01-01 990057829 WAIALAE COUNTRY CLUB WAIA 8087342151 4997 KAHALA AVENUE HONOLULU HI 96816 RUSS ONIZUKA ASSISTANT SECRETARY 8087342151 2024-10-08 1 0 RODNEY M HARANO P00389596 8085311040 2024-10-07 2023 2024-10-15 13:58:12Z RUSS ONIZUKA 4997 KAHALA AVENUE HONOLULU HI 96816 29746000 0 X WWW.WAIALAECC.COM X 1942 HI WAIALAE COUNTRY CLUB IS A NON-PROFIT CORPORATION ORGANIZED PRIMARILY AS A GOLF CLUB WITH SUPPORTING ATHLETIC, RECREATIONAL, AND DINING FACILITIES, WHOSE MISSION IS TO PROMOTE FELLOWSHIP AND ENJOYMENT AMONG ITS MEMBERS, THEIR FAMILIES, AND GUESTS. 13 13 305 16 2785488 738703 0 0 18779647 20905760 379469 615900 2111976 2425411 21271092 23947071 0 0 0 0 10155654 11393133 0 0 0 10145588 11649272 20301242 23042405 969850 904666 89603140 92493839 71254108 71360449 18349032 21133390 OUR MISSION IS TO PROMOTE FELLOWSHIP AND ENJOYMENT AMONG MEMBERS, THEIR FAMILIES, AND GUESTS. 0 0 THE CLUB'S PRIMARY FACILITIES INCLUDE A GOLF COURSE, TENNIS COURTS, AND DINING OPERATIONS. FACILITIES ARE AVAILABLE TO MEMBERS AND THEIR GUESTS. MEMBERSHIP IN THE CLUB IS BY INVITATION ONLY, AND IS PREDOMINANTLY COMPRISED OF RESIDENTS OF THE STATE OF HAWAII. 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 88 0 1 305 0 1 1 0 0 0 0 0 0 2348900 2696583 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 THE ORGANIZATION 8087342151 4997 KAHALA AVENUE HONOLULU HI 96816 HOWARD KAM JR PRESIDENT 24.00 X X 13200 0 0 SCOTT HAYASHI JR PRESIDENT ELECT 3.00 X X 6050 0 0 MICHAEL KOMETANI DIRECTOR 2.00 X 0 0 0 RANDALL KAYA DIRECTOR 2.00 X 0 0 0 JON TSUKAMOTO DIRECTOR 2.00 X 0 0 0 JIM WALTERS DIRECTOR 2.00 X 0 0 0 DAVID CAREY DIRECTOR 2.00 X 0 0 0 KEVIN CHANG DIRECTOR 2.00 X 0 0 0 AKEMI KUROKAWA DIRECTOR 2.00 X 0 0 0 MEREDITH CHING DIRECTOR 2.00 X 0 0 0 PATRICK CHING DIRECTOR 2.00 X 0 0 0 ROY NISHIMURA DIRECTOR 2.00 X 0 0 0 SHAUN USHIJIMA DIRECTOR 2.00 X 0 0 0 JOSEPH YOUNG INTERNAL AUDITOR 2.00 X 0 0 0 KENNETH YAMATO SECRETARY 5.00 X 14025 0 0 CATHERINE LUKE TREASURER 5.00 X 14025 0 0 RUSS ONIZUKA GM/COO & ASST SECRETARY 40.00 X 146667 0 8492 JOYCE NOBRIGA CONTROLLER/CFO & ASST TREASURER 40.00 X 216914 0 45000 RICHARD HOWARD FORMER GM/COO & ASST SEC & TREAS 40.00 X 430088 0 10766 DAVE NAKAMA GOLF COURSE SUPERINTENDENT 40.00 X 225300 0 18244 LEILANI KHOPIN DIRECTOR OF HUMAN RESOURCES 40.00 X 158539 0 16602 LYNDA YAMAMOTO ASST CONTROLLER 40.00 X 140145 0 27362 ROBERT GREER DIRECTOR OF FACILITIES 40.00 X 128156 0 7154 KEVIN NAKATA FORMER EXECUTIVE CHEF 40.00 X 118571 0 12800 1611680 0 146420 8 0 1 0 PACIFIC AUDIO & COMMUNICATIONS INC 1587 HALEUKANA STREET 101 LIHUE HI 96766 CLUBHOUSE AV UPGRADES 311410 D H R CONSTRUCTION INC 860 GREEN ISLAND ROAD ROAD AMERICAN CANYON CA 94589 GOLF COURSE RENOVATIONS 308787 2 MEMBERSHIP DUES 713910 16003336 16003336 MEMBER SERVICES 713910 4119365 4119365 SONY OPEN GOLF TOURNAMENT 713910 783059 783059 20905760 873510 873510 2191058 2448668 -257610 -257610 -257610 5657109 3350261 2306848 1386529 920319 MISCELLANEOUS REVENUE 900099 118563 118563 118563 23947071 20122701 2785488 1038882 905227 6935097 203302 2518437 831070 62955 4268 58330 48473 694282 42919 1512069 82261 3152255 141609 1738479 558392 UNRELATED BUSINESS INCO 444982 REPAIRS & MAINTENANCE 1896287 TOURNAMENT EXPENSES 381926 LESSON EXPENSE 274339 555446 23042405 3609 150632 3937806 2702971 1290578 1359211 780699 788134 1630729 1359130 53282993 37849395 15466232 15433598 17790049 22589774 48703438 48110389 89603140 92493839 2568444 2852442 613135 624712 68072529 67883295 71254108 71360449 X 18349032 21133390 18349032 21133390 89603140 92493839 X 904666 2195171 -315479 X 0 1 X 1 0 20862184 12561074 8301110 17798091 13270073 4528018 13698517 12018248 1680269 924201 924201 15433598 ROU ASSET - OPERATING LEASE 48110389 48110389 OTHER LIABILITIES 3124294 OPERATING LEASE LIABILITY 64759001 67883295 X 27579954 2195171 3835085 6030256 21549698 48473 2348900 2397373 23947071 27099496 3620740 3620740 23478756 48473 -484824 -436351 23042405 PART X, LINE 2: U.S. GAAP REQUIRES UNCERTAIN TAX POSITIONS TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS IF THEY ARE MORE LIKELY THAN NOT TO FAIL UPON REGULATORY EXAMINATION. MANAGEMENT HAS EVALUATED THE CLUB'S TAX POSITIONS AS OF DECEMBER 31, 2023 AND 2022 AND FOR THE YEARS THEN ENDED, AND DETERMINED THAT THE CLUB HAD NO UNCERTAIN TAX POSITIONS REQUIRED TO BE REPORTED IN ACCORDANCE WITH U.S. GAAP. THE CLUB IS 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: COST OF GOODS SOLD 3,350,261. GROSS INCOME TAX 484,824. PART XI, LINE 4B - OTHER ADJUSTMENTS: INITIATION FEES SEPARATELY STATED 2,348,900. PART XII, LINE 2D - OTHER ADJUSTMENTS: RECLASSIFY COST OF GOODS SOLD 3,350,261. OCCUPANCY ADJUSTMENT 270,479. PART XII, LINE 4B - OTHER ADJUSTMENTS: GROSS INCOME TAX -484,824. X X 0 0 0 RICHARD HOWARD FORMER GM/COO & ASST SEC & TREAS 183700 0 49500 0 196888 0 0 0 10766 0 440854 0 0 0 JOYCE NOBRIGA CONTROLLER/CFO & ASST TREASURER 181908 0 33200 0 1806 0 45000 0 0 0 261914 0 0 0 DAVE NAKAMA GOLF COURSE SUPERINTENDENT 206344 0 18630 0 326 0 12000 0 6244 0 243544 0 0 0 LEILANI KHOPIN DIRECTOR OF HUMAN RESOURCES 139583 0 18630 0 326 0 9800 0 6802 0 175141 0 0 0 LYNDA YAMAMOTO ASST CONTROLLER 129750 0 0 0 10395 0 15570 0 11792 0 167507 0 0 0 RUSS ONIZUKA GM/COO & ASST SECRETARY 146667 0 0 0 0 0 0 0 8492 0 155159 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS APPROXIMATELY 1,300 MEMBERS AND 29 DIFFERENT CLASSES OF MEMBERSHIP. REGULAR, LIMITED, SENIOR REGULAR, SPECIAL LIMITED AND SENIOR SPECIAL LIMITED MEMBER CLASSES ARE ENTITLED TO: (1) ELECT THE MEMBERS OF THE GOVERNING BODY; AND (2) APPROVE SIGNIFICANT DECISIONS OF THE GOVERNING BODY. REGULAR, LIMITED, SENIOR REGULAR, SENIOR LIMITED, EX-RESIDENT REGULAR, EX-RESIDENT LIMITED, EX-RESIDENT SENIOR, SPECIAL LIMITED, AND SENIOR LIMITED MEMBER CLASSES WHO HOLD TRANSFER CERTIFICATES AT THE TIME THE ORGANIZATION DISSOLVES MAY BE ENTITLED TO SHARE IN THE ORGANIZATION'S ASSETS, IF ANY. FORM 990, PART VI, SECTION A, LINE 7A OF THE 1,300 TOTAL MEMBERS, APPROXIMATELY 500 MEMBERS MAY ELECT THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B 1) ANY EXPENDITURE OR GROUP OF RELATED EXPENDITURES IN EXCESS OF $1,000,000 REQUIRES A MAJORITY VOTE OF VOTING MEMBERS. 2) SOME OF THE DECISIONS OF THE GOVERNING BODY REGARDING CHANGES TO BY-LAWS AND CAPITAL PROJECTS IN EXCESS OF $1,000,000 MAY BE SUBJECT TO APPROVAL BY THE VOTING MEMBERS. BY-LAWS AND CAPITAL PROJECTS IN EXCESS OF $1,000,000 MAY BE SUBJECT TO APPROVAL BY THE VOTING MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE COMPLETED COPY OF FORM 990 IS REVIEWED BY THE CONTROLLER AND GENERAL MANAGER, AND OFFICERS AND DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C THE EXECUTIVE COMMITTEE OF THE BOARD IS CHARGED WITH MONITORING PROPOSED OR ONGOING TRANSACTIONS FOR CONFLICTS OF INTEREST AND ANY ACTUAL CONFLICTS ARE REFERRED TO THE FULL BOARD OF DIRECTORS FOR ACTION. ANY POTENTIAL CONFLICTS OF INTEREST ARE REPORTED TO THE PRESIDENT. PURSUANT TO THE CONFLICTS OF INTEREST POLICY, AN ANNUAL CONFLICT OF INTEREST STATEMENT, AIMED AT DETERMINING ANY FAMILY AND BUSINESS RELATIONSHIPS AND TRANSACTIONS OR OTHER TRANSACTIONS THAT MAY POSE A POTENTIAL CONFLICT, IS DISTRIBUTED TO ALL COVERED PERSONS (I.E., BOARD MEMBERS, OFFICERS, MANAGEMENT, AND ALL KEY EMPLOYEES). COVERED PERSONS ARE REQUIRED TO DISCLOSE REAL OR POTENTIAL CONFLICTS AT THE TIME WHEN SUCH CONFLICTS ARISE. WHEN SOMEONE BECOMES A COVERED PERSON AND ANNUALLY THEREAFTER, EACH COVERED PERSON IS REQUIRED TO SIGN A STATEMENT AFFIRMING THAT HE/SHE HAS NO CONFLICTS OF INTEREST AS DEFINED IN THE CLUB'S CONFLICT OF INTEREST POLICY. THE PROCEDURES FOR ADDRESSING ANY CONFLICT OF INTEREST ARE DETERMINED ON A CASE BY CASE BASIS. FORM 990, PART VI, SECTION B, LINE 15 THE MANAGING REVIEW COMMITTEE, COMPRISED SOLELY OF INDEPENDENT MEMBERS, NONE OF WHICH HAVE A CONFLICT OF INTEREST WITH RESPECT TO THE COMPENSATION ARRANGEMENT, IS ACCOUNTABLE FOR SETTING REASONABLE COMPENSATION PACKAGES FOR EACH OFFICER OR KEY EMPLOYEE (INCLUDING THE GENERAL MANAGER). YEARLY, THE MANAGING REVIEW COMMITTEE REVIEWS THE ANNUAL PERFORMANCE GOALS AND CRITERIA USED IN DETERMINING MERIT INCREASES AND VARIABLE COMPENSATION CRITERIA FOR OFFICERS AND KEY EMPLOYEES. THE COMPENSATION COMMITTEE MET TO RETROACTIVELY DETERMINE THE SALARY OF WAIALAE'S OFFICERS AND KEY EMPLOYEES ON 12/04/2023. APPROPRIATE COMPARABILITY DATA IS OBTAINED EVERY FEW YEARS FROM OTHER CLUBS IN THE AREA, I.E., TOTAL ECONOMIC BENEFITS PAID BY SIMILARLY SITUATED ORGANIZATIONS (BOTH TAXABLE AND TAX-EXEMPT) FOR SIMILAR JOB RESPONSIBILITIES AND USED IN DETERMINING REASONABLE COMPENSATION. THE COMMITTEE'S WRITTEN RECORDS INCLUDE THE (1) TERMS OF THE SALARY ADJUSTMENT AND BONUS OF THE OFFICER OR KEY EMPLOYEE (INCLUDING THE DATE THE ARRANGEMENT WAS APPROVED); (2) A LIST OF MEMBERS PRESENT DURING THE VOTE ON THE TRANSACTION; AND (3) A DESCRIPTION OF THE COMPARABLE DATA RELIED UPON BY THE COMMITTEE. KEY DELIBERATIONS AND DECISIONS OF THE COMMITTEE ARE DOCUMENTED IN MINUTES WHICH ARE APPROVED AT THE NEXT COMMITTEE MEETING. THE LAST COMPARABILITY DATA WAS OBTAINED AND EVALUATED ON 12/04/2023 BY THE MANAGEMENT REVIEW COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC, UPON REQUEST. FORM 990, PART XI, LINE 9: OCCUPANCY ADJUSTMENT -270,479. RETIREMENT OF NONTRANSFERABLE CERTIFICATES -45,000.