2025-03-13T21:23:06-05:00 2024-05-31 205325889 ACCUITY LLP 999 BISHOP STREET STE 2300 HONOLULU HI 96813 990 2023-06-01 990334032 FRIENDS OF HAWAII CHARITIES INC C/O 141 HAWAII LLC FRIE 8085237888 735 BISHOP STREET SUITE 320 HONOLULU HI 96813 HOWARD IKEDA TREASURER/DIRECTOR 8085237888 2025-03-11 1 0 X RACHEL C ANTAL P01263071 8085313400 2023 2025-03-06 01:10:19Z X CORBETT AK KALAMA 735 BISHOP STREET SUITE 320 HONOLULU HI 96813 6904133 0 X WWW.FRIENDSOFHAWAII.ORG X 1998 HI PRODUCE SPORTS & CULTURAL EVENTS THAT GENERATE FUNDS TO BENEFIT NONPROFIT ENDEAVORS IN HAWAII. 31 31 0 1000 0 0 1531279 1650716 0 0 0 0 -1371888 -1161086 159391 489630 650000 648025 0 0 0 0 0 0 0 45324 51683 695324 699708 -535933 -210078 2866656 2270596 1188729 802747 1677927 1467849 X FRIENDS OF HAWAII CHARITIES ACTIVATES FINANCIAL RESOURCES FROM THE PRIVATE SECTOR AND SPIRITED VOLUNTEERISM FROM THE COMMUNITY, IN CONCERT WITH THE EXTRAORDINARY NATURAL RESOURCES OF THE STATE, TO PRODUCE SPORTS AND CULTURAL EVENTS THAT GENERATE FUNDS FOR QUALIFYING NOT-FOR-PROFIT ENDEAVORS IN HAWAII BENEFITING ITS WOMEN, CHILDREN, YOUTH, AND NEEDY, PRIMARILY IN THE AREAS OF INTERVENTION, HEALTH, AND EDUCATION. 0 0 648025 648025 5253417 PROVIDED FUNDS FOR QUALIFYING NOT-FOR-PROFIT ENDEAVORS IN HAWAII BENEFITING WOMEN, CHILDREN, YOUTH, AND NEEDY. 648025 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 24 0 0 0 0 0 0 0 1 1 0 0 0 0 X 31 31 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 HI X LORI YIP 8087929300 735 BISHOP STREET SUITE 320 HONOLULU HI 96813 X CALEB CHAN DIRECTOR 0.50 X 0 0 0 ADMIRAL THOMAS B FARGO USN RET DIRECTOR 0.50 X 0 0 0 MICHAEL HARTLEY DIRECTOR 0.50 X 0 0 0 JUNE JONES DIRECTOR 0.50 X 0 0 0 MICHAEL W PERRY DIRECTOR 0.50 X 0 0 0 RYOZO SAKAI DIRECTOR 0.50 X 0 0 0 KEITH VIEIRA DIRECTOR 0.50 X 0 0 0 JIM WALTERS DIRECTOR 0.50 X 0 0 0 REGGIE MALDONADO DIRECTOR 0.50 X 0 0 0 JENNIFER ISOBE DIRECTOR 0.50 X 0 0 0 MITCHELL M KAAIALII EXECUTIVE COMMITTEE/DIRECT 0.50 X 0 0 0 MICHAEL KAWAZOE EXECUTIVE COMMITTEE/DIRECT 0.50 X 0 0 0 MISTY TUFONO DIRECTOR 0.50 X 0 0 0 JON KOBAYASHI DIRECTOR 0.50 X 0 0 0 JOHN UEKAWA DIRECTOR 0.50 X 0 0 0 RANDY HIRAKI DIRECTOR 0.50 X 0 0 0 TODD APO DIRECTOR 0.50 X 0 0 0 GEORGE ARIYOSHI EMERITUS (NON VOTING) 0.50 X 0 0 0 MIKE DYER EXECUTIVE COMMITTEE/DIRECT 0.50 X 0 0 0 AL SOUZA EXECUTIVE COMMITTEE 0.50 X 0 0 0 ERIC YEAMAN EXECUTIVE COMMITTEE 0.50 X 0 0 0 MICAH KANE EXECUTIVE COMMITTEE/DIRECT 0.50 X 0 0 0 CORBETT AK KALAMA PRESIDENT/EXECUTIVE COMMIT 0.50 X X 0 0 0 DICKSON LEE SECRETARY/EXECUTIVE COMMIT 0.50 X X 0 0 0 HOWARD IKEDA TREASURER/EXEC COMMITTEE/D 0.50 X X 0 0 0 CHAD KARASAKI VICE PRESIDENT/EXEC COMMIT 0.50 X X 0 0 0 RIYO TONOMOTO EXECUTIVE COMMITTEE 0.50 X 0 0 0 DAVID HAMAMOTO DIRECTOR 0.50 X 0 0 0 FUMIATSU HIRAI DIRECTOR 0.50 X 0 0 0 NEILL CHAR DIRECTOR 0.50 X 0 0 0 SCOTT HAYASHI DIRECTOR 0.50 X 0 0 0 0 0 0 0 0 0 0 141 HAWAII LLC DBA 141 PREMIERE SPORTS 735 BISHOP ST STE 320 HONOLULU HI 96813 MANAGEMENT FEE 1165445 141 HAWAII LLC DBA 141 PREMIERE SPORTS 735 BISHOP ST STE 320 HONOLULU HI 96813 SALES COMMISSION 417086 PEACHTREE TENTS & EVENTS LLC DBA EVENTWO PO BOX 9277 MISSION KS 66201 TENTING AND EVENT ASSISTANCE SERVICES 129522 3 1650716 1650716 5253417 1650716 6414503 -1161086 -1161086 489630 0 0 -1161086 648025 648025 511 511 51172 51172 699708 648025 51683 0 812552 1103446 872785 567279 838399 255736 297851 320976 133414 110255 45069 23159 2866656 2270596 438222 116062 750507 686685 1188729 802747 X 1677927 1467849 1677927 1467849 2866656 2270596 -210078 0 X 0 1 X 1 0 X 2019246 2654038 2238223 1531279 1650716 10093502 2019246 2654038 2238223 1531279 1650716 10093502 2879390 7214112 10093502 14352764 0.71470 0.67560 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 133414 110255 23159 23159 X 489630 0 489630 0 489630 699708 0 699708 0 699708 PART X, LINE 2: THE ORGANIZATION EVALUATES UNCERTAIN INCOME TAX POSITIONS UTILIZING A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL SETTLEMENT RECOGNITION AND MEASUREMENT OF AN INCOME TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN AN INCOME TAX RETURN. AT MAY 31, 2024, MANAGEMENT BELIEVES THERE WERE NO MATERIAL UNCERTAIN INCOME TAX POSITIONS. THE 2021 TO 2023 TAX YEARS REMAIN OPEN FOR FEDERAL AND STATE TAX PURPOSES AT MAY 31, 2024 GOLF TOURNAMENT 6904133 1650716 5253417 1296262 256494 4861747 6904133 1650716 5253417 1296262 256494 4861747 6414503 -1161086 PART II LINE 10 MAY 31, 2024 EXPENSES:- ADVERTISING & MARKETING: 57,961 BADGES/TICKETS: 31,040 BANK CHARGES: 739 CADDIE FEES: 20,000 CONSTRUCTION: 54,450 CONTRACT LABOR: 25,932 DEPRECIATION: 21,910 DREAM CUP TEE GIFTS: 55,435 ELECTRICAL-GROUND PREPARATION: 96,645 FOUNDERS AWARDS: 62,000 GENERAL EXCISE TAX: 256,577 INSURANCE: 94,096 LICENSE, FEES AND TAXES: 4 OFFICE SUPPLIES: 11,799 ON COURSE OPERATIONS: 77,118 OTHER MEETINGS: 11,054 PARKING: 12,182 PGA PLAYER EXPENSES: 139,421 PGATTA MEETING: 2,500 PHOTOGRAPHY: 9,005 POSTER: 4,393 PRESS/MEDIA: 27,008 PRINTING: 20,094 PRO-AM AWARDS BANQUET: 101,000 PRO-AM DRAW PARTY: 51,000 PRO-AM GIFTS AND APPAREL: 235,462 PRO-AM SPONSOR EXPENSE: 3,936 PRO-AM TROPHIES: 2,933 PROGRAM: 19,377 PROMOTIONAL AND VIP GIFTS : 1,414,990 RENTALS: 1,091,940 SALES COMMISSIONS-141 PREMIERE: 417,086 SATELLITE PRO-AM: 105,870 SECURITY: 195,305 SIGNAGE: 66,220 TELEPHONE INSTALLATION AND RENTAL: 35,072 TOURNAMENT MANAGEMENT FEES-141 PREMIERE: 1,165,445 TRAVEL-TOURNAMENT STAFF: 35,193 VOLUNTEERS EXPENSE: 146,709 WAIALAE COUNTRY CLUB COURSE RENTAL: 157,068 WAIALAE COUNTRY CLUB LABOR CHARGES: 78,534 TOTAL EXPENSE - $6,414,503 1 HAWAII COMMUNITY FOUNDATION 827 FORT STREET MALL HONOLULU HI 968134317 990261283 501(C)(3) 0 598025 N/A N/A PARTNERSHIP TO HELP HAWAI'I'S FAMILIES TRANSITION OUT OF POVERTY, TO SUPPORT COMMUNITY-BASED SERVICES IN THEIR CARE FOR KPUNA AND THEIR CAREGIVERS; AND TO INCREASE THE HEALTHY DEVELOPMENT OF UNDER-RESOURCED CHILDREN AGES 0-5 WORLD GOLF FOUNDATION WORLD GOLF VILLAGE ST AUGUSTINE FL 32092 592998925 501(C)(3) 0 50000 N/A N/A OUR MISSION IS TO UNITE THE GOLF INDUSTRY AROUND INITIATIVES THAT PROMOTE, ENHANCE THE GROWTH OF AND PROVIDE ACCESS TO THE GAME WORLDWIDE, WHILE PRESERVING GOLF'S TRADITIONAL VALUES AND PASSING THEM ON TO OTHERS. PART I, LINE 2: THE ORGANIZATION HAS PARTNERED WITH HAWAII COMMUNITY FOUNDATION (HCF) IN ITS ANNUAL CHARITABLE DISTRIBUTION. THE ORGANIZATION HAS MADE A MULTI-YEAR COMMITMENT TO SEVERAL CHARITABLE INITIATIVES THROUGH HCF IN THE DISTRIBUTION OF THE GRANTS AND IS COLLABORATING WITH HCF TO ENSURE IT MEETS THE ORGANIZATION'S CHARITABLE PLANS. THE ORGANIZATION IS IN COMMUNICATION WITH HCF ABOUT THE CHARITABLE PROGRESS. FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION ENTERED INTO A MANAGEMENT AGREEMENT WITH 141 HAWAII, LLC (DOING BUSINESS AS "141 PREMIERE SPORTS AND ENTERTAINMENT") TO BE THE TOURNAMENT DIRECTOR. 141 HAWAII LLC MANAGES THE DAY TO DAY OPERATIONS FOR THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF DIRECTORS DELEGATED THE REVIEW AND APPROVAL OF FORM 990 TO THE TREASURER. THE ORGANIZATION'S PRESIDENT AND TREASURER WORKED CLOSELY WITH AN INDEPENDENT OUTSIDE ACCOUNTING FIRM ENGAGED TO PREPARE THE RETURN. THE TREASURER REVIEWED THE 990 PRIOR TO ITS PRESENTATION TO THE BOARD OF DIRECTORS. A COMPLETE COPY OF FORM 990 WAS PROVIDED TO THE ENTIRE VOTING BOARD BEFORE THE RETURN WAS FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C AN INTERESTED PERSON SHALL PROMPTLY DISCLOSE TO THE BOARD OF DIRECTORS THE EXISTENCE OF A CONFLICT OF INTEREST AND ALL MATERIAL FACTS RELATING TO THE CONFLICT OF INTEREST. DIRECTORS, KEY EMPLOYEES, AND OFFICERS ARE ENCOURAGED TO DISCLOSE ANY ARRANGEMENTS WHICH MAY GIVE RISE TO THE APPEARANCE OF A CONFLICT OF INTEREST. ANY ACTUAL OR POTENTIAL CONFLICT OF INTEREST MAY ALSO BE RAISED BY ANY OTHER MEMBER OF THE BOARD OF DIRECTORS. AN INTERESTED PERSON MAY MAKE A PRESENTATION TO THE BOARD OF DIRECTORS, BUT AFTER SUCH PRESENTATION, THE INTERESTED PERSON SHALL RECUSE THEMSELVES FROM THE DISCUSSION OF, AND THE VOTE ON, THE ARRANGEMENT INVOLVING THE CONFLICT OF INTEREST OR THE APPEARANCE OF A CONFLICT OF INTEREST. THE CHAIRPERSON OF THE BOARD OF DIRECTORS SHALL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED ARRANGEMENT. AFTER EXERCISING DUE DILIGENCE, THE BOARD OF DIRECTORS SHALL DETERMINE WHETHER FOHC IS ABLE TO OBTAIN A MORE ADVANTAGEOUS ARRANGEMENT WITH REASONABLE EFFORTS FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST OR THE APPEARANCE OF A CONFLICT OF INTEREST. IF A MORE ADVANTAGEOUS ARRANGEMENT IS NOT REASONABLY ATTAINABLE UNDER CIRCUMSTANCES THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST OR THE APPEARANCE OF A CONFLICT OF INTEREST, THE BOARD OF DIRECTORS SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS: THAT THE ARRANGEMENT IS IN FOHC'S BEST INTEREST, IS FAIR AND REASONABLE TO FOHC, AND WHETHER TO ENTER INTO THE ARRANGEMENT. THE MINUTES OF THE BOARD OF DIRECTORS SHALL CONTAIN: (A) THE NAMES OF THE PERSONS WHO DISCLOSED OR OTHERWISE WERE FOUND TO HAVE A CONFLICT OF INTEREST AND THE NATURE OF THE CONFLICT OF INTEREST. (B) THE NAMES OF THE PERSONS WHO WERE PRESENT FOR THE DISCUSSION AND VOTE RELATING TO THE ARRANGEMENT, THE CONTENT OF THE DISCUSSION (INCLUDING ANY ACTION TAKEN TO DETERMINE WHETHER THE CONFLICT OF INTEREST WAS IN FOHC'S BEST INTEREST AND ANY ALTERNATIVES TO THE PROPOSED ARRANGEMENT), AND A RECORD OF ANY VOTES TAKEN IN CONNECTION THEREWITH. EACH TRUSTEE, DIRECTOR, KEY EMPLOYEE, OR OFFICER SHALL ANNUALLY FILL OUT A CONFLICT OF INTEREST STATEMENT. IN IT, THEY SIGN A STATEMENT WHICH AFFIRMS THAT SUCH PERSON (I) HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, (II) HAS READ AND UNDERSTANDS THE POLICY, (III) AGREES TO COMPLY WITH THE POLICY, AND (IV) DISCLOSES ANY ACTUAL OR POTENTIAL CONFLICT OF INTEREST (AS DEFINED IN THE CONFLICT POLICY). FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION HAS AVAILABLE FOR PUBLIC INSPECTION AT THE ORGANIZATION'S OFFICE IN HONOLULU, HAWAII. FORM 990 AND 990-T AUDITED FINANCIAL STATEMENTS IRS DETERMINATIN LETTER ARTICLES OF INCORPORATION AND BYLAWS CONFLICT OF INTEREST POLICY WHISTLEBLOWER POLICY