2025-05-13T21:15:10-05:00 2024-06-30 261659234 CW ASSOCIATES CPAS 700 BISHOP STREET SUITE 1040 HONOLULU HI 96813 990 2023-07-01 452861988 HAWAII SYMPHONY ORCHESTRA HAWA 8083807722 3610 WAIALAE AVENUE HONOLULU HI 96816 AMY IWANO PRESIDENT AND CEO 8083807722 2025-05-13 1 0 RODNEY M HARANO P00389596 8085311040 2025-05-13 2023 2025-03-06 01:10:19Z AMY IWANO 3610 WAIALAE AVENUE HONOLULU HI 96816 5233067 0 X HTTP://MYHSO.ORG/ X 2011 HI ESTABLISH AND OPERATE A PROFESSIONAL SYMPHONY IN HAWAII THAT WILL PRESENT THE HIGHEST QUALITY PERFORMANCES OF GREAT MUSIC, BRINGING NATIONAL AND INTERNATIONAL DISTINCTION TO THE ORCHESTRA AND THE COMMUNITY TO DELIGHT AND EDUCATE DIVERSE AUDIENCES OF ALL AGES AND ENHANCE THE CULTURAL VITALITY AND QUALITY OF LIFE IN THESE ISLANDS AND TO OPERATE IN A FINANCIALLY SOUND MANNER. 16 15 225 20 12575 3300 3579662 3595927 1504334 1467121 -289 48 26076 44441 5109783 5107537 0 0 0 0 3497771 3807717 111956 0 84011 1624666 1470187 5234393 5277904 -124610 -170367 866053 778694 1450978 1564574 -584925 -785880 X TO PRESENT THE HIGHEST-QUALITY PERFORMANCES OF GREAT MUSIC, BRINGING NATIONAL AND INTERNATIONAL DISTINCTION TO THE ORCHESTRA AND ITS COMMUNITY.TO DELIGHT AND EDUCATE AUDIENCES OF ALL AGES AND BACKGROUNDS, AND ENHANCE THE CULTURAL VITALITY AND QUALITY OF LIFE IN THESE ISLANDS AND TO OPERATE IN A FINANCIALLY SOUND MANNER. 0 0 4158263 1473514 DURING THE FISCAL YEAR ENDED 6/30/24, HSO PRESENTED AN EIGHTEEN-WEEK SERIES CONCERTS AND HAPASYMPHONY CONCERTS. HSO ALSO PRESENTED THE SYMPHONY OF THE HAWAII FORESTS TO STUDENTS AS WELL AS NUMEROUS PETER AND THE WOLF CONCERTS THROUGHOUT THE SEASON. CONCERTS WERE HELD AT HAWAII THEATRE, WAIKIKI SHELL, MOANALUA HIGH SCHOOL PERFORMING ARTS CENTER. IN ADDITION, THE ORCHESTRA PERFORMED FOR HAWAII OPERA THEATRE AND BALLET HAWAII PRODUCTIONS. 4158263 1 1 0 0 0 0 0 0 0 0 1 0 0 1 0 1 1 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 45 0 1 225 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 16 15 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 HI X AMY IWANO 8083807722 3610 WAIALAE AVENUE HONOLULU HI 96816 PAUL KOSASA CHAIRMAN 4.00 X X 0 0 0 VICKY CAYETANO VICE CHAIRWOMAN 4.00 X X 0 0 0 KENNETH ROBBINS SECRETARY 2.00 X X 0 0 0 JASON KRAVITT TREASURER 2.00 X X 0 0 0 SHELLEY CRAMER DIRECTOR 2.00 X 0 0 0 PETER DAMES DIRECTOR 2.00 X 0 0 0 MITCHELL D'OLIER DIRECTOR 2.00 X 0 0 0 RICHARD ING DIRECTOR 2.00 X 0 0 0 DR TYRIE JENKINS DIRECTOR 2.00 X 0 0 0 MARILYN KATZMAN DIRECTOR 2.00 X 0 0 0 J DAVID KENNEDY DIRECTOR 2.00 X 0 0 0 KATIE PICKMAN DIRECTOR 2.00 X 0 0 0 MICHAEL TITTERTON DIRECTOR 2.00 X 0 0 0 VIRGINIA TIU DIRECTOR 2.00 X 0 0 0 JINYOUNG LEE WON DIRECTOR 2.00 X 0 0 0 LUCY XIE DIRECTOR 2.00 X 0 0 0 DAVID MOSS FORMER PRESIDENT AND CEO 40.00 X 174038 0 25558 174038 0 25558 1 0 1 0 0 303749 3292178 3595927 TICKET SALES 711130 1175962 1175962 CONTRACTED EVENTS 711130 291159 291159 1467121 51 51 3 -3 -3 -3 151000 303749 125527 25473 25473 PROGRAM ADS 541800 12575 12575 GENERAL EXCISE TAX 711130 4574 4574 MISCELLANEOUS 711130 1819 1819 18968 5107537 1473514 12575 25521 127096 127096 2496250 2141299 309302 45649 185524 174293 10108 1123 685825 608700 66857 10268 313022 267381 41077 4564 785 785 24677 24677 159324 136917 22407 105463 105463 178188 178188 14185 14185 20589 20589 27939 27939 8766 8766 13395 13395 10426 10426 41195 41195 PRODUCTION, STAGE, SOUN 272821 272821 GUEST ARTIST AND CONDUC 268653 268653 CONCERT HALL RENT AND E 241314 241314 TICKET AND OTHER 50400 50400 32067 32067 5277904 4158263 1035630 84011 52286 203956 124904 0 531845 319815 7462 0 9631 10090 229477 142183 97720 87294 1030 0 41175 157539 866053 778694 484487 400899 241491 438675 225000 225000 500000 500000 1450978 1564574 X -584925 -785880 -584925 -785880 866053 778694 -170367 -30588 0 X 0 1 X 1 0 X 3233666 3267444 4124512 2916960 3292178 16834760 3233666 3267444 4124512 2916960 3292178 16834760 1108275 15726485 3023 768 51 3842 14027 14027 9268 4943 14211 16866840 6839856 0.93240 0.96320 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: GENERAL EXCISE TAX - 2022 AMOUNT: $ 4,992. 2023 AMOUNT: $ 4,574. MISCELLANEOUS - 2022 AMOUNT: $ 4,276. 2023 AMOUNT: $ 369. SCHEDULE A, PART VI, LIST OF UNUSUAL GRANTS: DESCRIPTION: BEQUEST DATE: 04/04/23 AMOUNT: 662702. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3985 2657 1328 225492 139526 85966 87294 DEPOSITS 157539 157539 X 5298102 190565 190565 5107537 0 5107537 5468469 190565 190565 5277904 0 5277904 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 TAX POSITIONS OF HSO AS OF JUNE 30, 2024 AND 2023 AND FOR THE YEARS THEN ENDED, AND DETERMINED THAT IT HAD NO UNCERTAIN TAX POSITIONS REQUIRED TO BE REPORTED IN ACCORDANCE WITH U.S. GAAP. HSO IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS IN PROGRESS FOR ANY OPEN TAX PERIODS. X X X X X X X 0 HI ANNUAL GALA 454749 303749 151000 125527 454749 303749 151000 125527 125527 25473 X 0 0 X 0 0 0 0 0 0 0 0 0 DAVID MOSS FORMER PRESIDENT AND CEO 174038 0 0 0 0 0 0 0 25558 0 199596 0 0 0 PART I, LINE 1B THE ORGANIZATION HAS A POLICY OF REQUIRING DOCUMENTATION FOR PAYMENT OF ANY EXPENSE OR REIMBURSEMENT. THE SOCIAL CLUB DUES AND INITIATION FEE WERE CHARGED TO THE EMPLOYEE/MEMBER'S ACCOUNT AND PAYMENT OF THE ACCOUNT WAS CHARGED TO THE ORGANIZATION'S CREDIT CARD. THE ORGANIZATION CONSIDERS CLUB MEMBERSHIP A NECESSITY TO ITS ADVANCEMENT PROGRAM AND ITS DUES AND INITIATION FEE AS BUSINESS EXPENSES. TENTH AVE ASSOCIATES DIRECTOR'S ENTITY CAPITAL X 225000 225000 0 1 1 225000 FORM 990, PART VI, SECTION A, LINE 2 VICKY CAYETANO (VICE CHAIRWOMAN) AND VIRGINIA TIU (DIRECTOR) HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS FIRST REVIEWED IN DETAIL BY THE DIRECTOR OF FINANCE AND THE CPA FIRM WHO HANDLES OUTSOURCED ACCOUNTING FUNCTIONS. THE FORM 990 IS THEN REVIEWED BY THE EXECUTIVE DIRECTOR AND THE APPROVED FORM 990 IS THEN PRESENTED TO THE FINANCE COMMITTEE. A FULL COPY OF FORM 990 WITH SCHEDULES IS CIRCULATED TO THE BOARD OF DIRECTORS IN ADVANCE OF REVIEW. QUESTIONS ARE DIRECTED TO THE EXECUTIVE DIRECTOR OR DIRECTOR OF FINANCE. FORM 990, PART VI, SECTION B, LINE 12C THE HAWAII SYMPHONY ORCHESTRA (HSO) MONITORS AND ENFORCES COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY THROUGH AN ANNUAL DISCLOSURE PROCESS AND ONGOING OVERSIGHT BY THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS. ALL DIRECTORS, OFFICERS, AND KEY EMPLOYEES ARE REQUIRED TO COMPLETE A WRITTEN CONFLICT OF INTEREST DISCLOSURE ANNUALLY. EACH INDIVIDUAL MUST AFFIRM IN WRITING THAT THEY (I) HAVE RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, (II) HAVE READ AND UNDERSTAND THE POLICY, (III) AGREE TO COMPLY WITH THE POLICY, AND (IV) DISCLOSE ANY ACTUAL OR POTENTIAL CONFLICTS OF INTEREST. THESE SIGNED DISCLOSURE FORMS ARE COLLECTED AND MAINTAINED BY THE EXECUTIVE DIRECTOR. AN "INTERESTED PERSON" MUST PROMPTLY DISCLOSE TO THE BOARD OF DIRECTORS THE EXISTENCE OF ANY ACTUAL OR POTENTIAL CONFLICT OF INTEREST, INCLUDING ALL MATERIAL FACTS RELATED TO THE MATTER. DIRECTORS, KEY EMPLOYEES, AND OFFICERS ARE ALSO ENCOURAGED TO DISCLOSE ANY ARRANGEMENTS THAT MAY GIVE RISE TO THE APPEARANCE OF A CONFLICT. CONFLICTS MAY ALSO BE RAISED BY ANY MEMBER OF THE BOARD. INTERESTED PERSONS MAY PROVIDE RELEVANT INFORMATION TO THE BOARD BUT ARE REQUIRED TO RECUSE THEMSELVES FROM DISCUSSION AND VOTING ON THE ARRANGEMENT IN QUESTION. IF APPROPRIATE, THE CHAIRPERSON OF THE BOARD MAY APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED ARRANGEMENT. AFTER EXERCISING DUE DILIGENCE, THE BOARD OF DIRECTORS DETERMINES WHETHER HSO CAN OBTAIN A MORE ADVANTAGEOUS ARRANGEMENT THAT WOULD NOT GIVE RISE TO A CONFLICT OR THE APPEARANCE OF ONE. IF NO SUCH ALTERNATIVE IS REASONABLY ATTAINABLE, THE BOARD MAY, BY MAJORITY VOTE OF THE DISINTERESTED DIRECTORS, DETERMINE THAT THE TRANSACTION IS FAIR AND REASONABLE, IN HSO'S BEST INTEREST, AND APPROVE THE ARRANGEMENT. THE MINUTES OF THE BOARD OF DIRECTORS INCLUDE: (A) THE NAMES OF INDIVIDUALS WHO DISCLOSED OR WERE FOUND TO HAVE A CONFLICT, AND THE NATURE OF THE CONFLICT; AND (B) THE NAMES OF ALL PERSONS PRESENT FOR THE DISCUSSION AND VOTE, A SUMMARY OF THE DISCUSSION (INCLUDING CONSIDERATION OF ALTERNATIVES), AND THE RECORD OF THE VOTE. FORM 990, PART VI, SECTION C, LINE 19 FORM 990 ALONG WITH FINANCIAL STATEMENTS, GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE FILED IN THE ORGANIZATION'S OFFICE AND IS AVAILABLE UPON REQUEST. HONOLULU SYMPHONY FOUNDATION C/O 999 BISHOP STREET 2200 HONOLULU HI 96813 990340522 PROVIDE SUPPORT FOR THE HAWAII SYMPHONY ORCHESTRA HI 501(C)(3) LINE 12D, III-O N/A 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0