2026-05-11T19:14:31-05:00 2025-06-30 261659234 CW ASSOCIATES CPAS 700 BISHOP STREET SUITE 1040 HONOLULU HI 96813 990 2024-07-01 990334518 HAWAII PUBLIC TELEVISION FOUNDATION DBA PBS HAWAII HAWA 8084625000 315 SAND ISLAND ACCESS ROAD HONOLULU HI 968192295 RONALD MIZUTANI PRESIDENT AND CEO 8084625000 2026-05-11 1 1 RODNEY M HARANO P00389596 8085311040 2026-05-11 2024 2025-03-06 01:10:19Z RONALD MIZUTANI 315 SAND ISLAND ACCESS ROAD HONOLULU HI 968192295 11376766 0 X WWW.PBSHAWAII.ORG X 1997 HI THE MISSION OF PBS HAWAI'I IS TO ADVANCE LEARNING AND DISCOVERY BY SHARING STORIES THAT PROFOUNDLY TOUCH LIVES. 21 21 52 227 0 0 9605912 8881064 0 0 636737 755503 0 4203 10242649 9640770 0 0 0 0 3527664 3617997 0 0 914623 5119463 4844409 8647127 8462406 1595522 1178364 53801341 55291707 1444144 867031 52357197 54424676 X THE MISSION OF PBS HAWAI'I IS TO ADVANCE LEARNING AND DISCOVERY BY SHARING STORIES THAT PROFOUNDLY TOUCH LIVES. WE BRING THE WORLD TO HAWAI'I AND HAWAI'I TO THE WORLD. 1 0 6261159 THE MISSION OF PBS HAWAI'I IS TO ADVANCE LEARNING AND DISCOVERY THROUGH STORYTELLING THAT PROFOUNDLY TOUCHES LIVES. ON-AIR, ONLINE, AND IN PERSON, WE SERVE 1.4 MILLION RESIDENTS ACROSS SIX ISLANDS. AS HAWAI'I'S SOLE MEMBER OF THE PUBLIC BROADCASTING SERVICE (PBS), WE PROVIDE TRUSTED NATIONAL AND INTERNATIONAL PROGRAMMING, A STRONG LINEUP OF WEEKLY LOCAL PROGRAMS, PERIODIC TOWN HALLS, A SIGNATURE READ ALOUD AND LITERACY INITIATIVE, AND THE NATION'S FIRST STATEWIDE STUDENT NEWSCAST, WITH 90 PUBLIC, PRIVATE, AND CHARTER SCHOOLS PARTICIPATING. PBS HAWAI'I COMBINES MULTIMEDIA AND EDUCATION TO PROMOTE LIFELONG LEARNING, GIVING PEOPLE OF ALL AGES ACCESS TO THE KNOWLEDGE THEY NEED TO MAKE INFORMED CIVIC DECISIONS AND TO APPRECIATE THE ARTS, HUMANITIES, AND SCIENCES, TO UNDERSTAND WORLD AFFAIRS AND HISTORY, AND TO BUILD COMMUNITY. 6261159 1 1 0 1 0 0 0 0 0 1 1 0 0 0 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 0 0 0 1 56 0 1 52 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 21 21 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 1 1 HI X X KAREN YAMAMOTO 8084625000 315 SAND ISLAND ACCESS ROAD HONOLULU HI 96819 RYAN KAIPO NOBRIGA DIRECTOR/CHAIR 4.00 X X 0 0 0 AVELINO J HALAGAO DIRECTOR/VICE CHAIR 2.00 X X 0 0 0 SIANA HUNT DIRECTOR/SECRETARY 2.00 X X 0 0 0 TORRIE INOUYE DIRECTOR/TREASURER 2.00 X X 0 0 0 BETH AMARO DIRECTOR 1.00 X 0 0 0 ADAM BAUER DIRECTOR 1.00 X 0 0 0 JAMES E DUFFY JR DIRECTOR 1.00 X 0 0 0 JOAN FUJITA DIRECTOR 1.00 X 0 0 0 JASON HARUKI DIRECTOR 1.00 X 0 0 0 BRITTANY HEYD DIRECTOR 1.00 X 0 0 0 DANIEL ITO DIRECTOR 1.00 X 0 0 0 CHERYL KAUHANE LUPENUI DIRECTOR 1.00 X 0 0 0 ASHLEY TAKITANI LEAHEY DIRECTOR 1.00 X 0 0 0 KEVIN MATSUNAGA DIRECTOR 1.00 X 0 0 0 THERESIA MCMURDO DIRECTOR 1.00 X 0 0 0 JEFF MIKULINA DIRECTOR 1.00 X 0 0 0 RICK NAKASHIMA DIRECTOR 1.00 X 0 0 0 KUUHAKU PARK DIRECTOR 1.00 X 0 0 0 HINA WONG-KALU DIRECTOR 1.00 X 0 0 0 HARMONEE WILLIAMS DIRECTOR 1.00 X 0 0 0 KUHAO ZANE DIRECTOR 1.00 X 0 0 0 RONALD MIZUTANI PRESIDENT & CEO 50.00 X 270649 0 23543 KAREN YAMAMOTO SR. VICE PRESIDENT & CFO 50.00 X 160512 0 16769 CHARLES D PARKER VICE PRESIDENT OF CONTENT 40.00 X 143304 0 19362 CHRISTINA SUMIDA VICE PRESIDENT OF ADVANCEMENT 40.00 X 121026 0 15045 JODY SHIROMA VICE PRESIDENT OF COMMUNICATIONS 40.00 X 106768 0 33832 ROBERT PENNYBACKER VICE PRESIDENT OF BUSINESS SUPPORT 40.00 X 104672 0 26091 JOHN NAKAHIRA CHIEF ENGINEER 40.00 X 110942 0 15940 1017873 0 150582 7 0 1 0 0 4194 8876870 7529 8881064 748372 748372 4203 0 4203 4203 4203 1743127 1735727 269 7400 -269 7131 7131 9640770 0 0 759706 495987 495987 2485957 1761006 299266 425685 102400 69690 14912 17798 315852 250723 12997 52132 217801 134874 50957 31970 5484 1714 3770 32958 32958 44720 44720 301216 296191 5025 137532 124770 2067 10695 241322 51396 69398 120528 452657 372941 19413 60303 863430 771845 46215 45370 28859 28392 467 934097 776168 88732 69197 181996 94282 85194 2520 PBS GENERAL ASSESSMENT 1509511 1509511 MERCHANT DISCOUNT FEES 38326 38326 PREMIUMS 29438 29438 MISCELLANEOUS 20187 13315 6433 439 22676 4341 8580 9755 8462406 6261159 1286624 914623 13246539 8655633 6806140 13216306 815554 403400 1878 108260 32974553 12491159 20840679 20483394 10662381 11574955 1616 2753 1426554 847006 53801341 55291707 73981 65625 125867 152208 1244296 649198 1444144 867031 X 49775070 52482919 2582127 1941757 52357197 54424676 53801341 55291707 X 1178364 878527 10588 X 0 1 X 1 0 X 8846678 10360851 8078370 9099910 8648131 45033940 8846678 10360851 8078370 9099910 8648131 45033940 411208 44622732 315836 170965 233313 437162 748372 1905648 46939588 0.95060 0.95830 X SCHEDULE A, PART VI, LIST OF UNUSUAL GRANTS: DESCRIPTION: BEQUEST DATE: 06/30/23 AMOUNT: 130000. DESCRIPTION: BEQUEST DATE: 09/30/22 AMOUNT: 735145. DESCRIPTION: BEQUEST DATE: 04/30/23 AMOUNT: 140573. DESCRIPTION: BEQUEST DATE: 02/23/23 AMOUNT: 47633. DESCRIPTION: BEQUEST DATE: 06/30/23 AMOUNT: 625000. DESCRIPTION: BEQUEST DATE: 03/31/24 AMOUNT: 58400. DESCRIPTION: BEQUEST DATE: 09/30/23 AMOUNT: 9289. DESCRIPTION: BEQUEST DATE: 06/30/24 AMOUNT: 250000. DESCRIPTION: SECURITIES DATE: 03/24/24 AMOUNT: 73777. DESCRIPTION: BEQUEST DATE: 07/24/23 AMOUNT: 30938. DESCRIPTION: BEQUEST DATE: 02/28/25 AMOUNT: 69597. DESCRIPTION: BEQUEST DATE: 10/31/24 AMOUNT: 8749. DESCRIPTION: BEQUEST DATE: 06/30/25 AMOUNT: 144587. DESCRIPTION: BEQUEST DATE: 06/30/25 AMOUNT: 10000. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6261159 6261159 463058 115765 0 0 447542 477429 470915 463058 1858944 2788416 111886 119357 117729 115765 464737 697106 11507454 352933 1251080 44720 13066747 9279992 1158843 1104445 35826 11507454 6720754 1799575 786986 27323 9279992 7019751 661054 -932710 27341 6720754 5707513 47213 1294490 4542 24923 7019751 0.99227 0.00773 0.00000 1 0 3744018 3744018 18984789 4590310 14394479 10245746 7900849 2344897 20483394 OPERATING LEASE LIABILITIES 649198 649198 X 11115216 878527 640639 1519166 9596050 44720 44720 9640770 8418823 1137 1137 8417686 44720 44720 8462406 PART V, LINE 4: ENDOWMENT INCOME IS EXPENDABLE TO SUPPORT PROGRAM AND SUPPORTING SERVICES. 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 PBS HAWAII'S TAX POSITIONS AS OF AND FOR THE YEARS ENDED JUNE 30, 2025 AND 2024, AND DETERMINED THAT PBS HAWAII HAD NO UNCERTAIN TAX POSITIONS REQUIRED TO BE REPORTED IN ACCORDANCE WITH U.S. GAAP. PBS HAWAII 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: LOSS ON DISPOSITION OF EQUIPMENT 269. INCREASE (DECREASE) IN NET ASSETS WITH DONOR RESTRICTIONS 640,370. PART XII, LINE 2D - OTHER ADJUSTMENTS: GAIN ON INVESTMENT IN LIMITED LIABILITY COMPANY 1,137. X X X 0 0 0 0 0 0 0 0 0 RONALD MIZUTANI PRESIDENT & CEO 232360 0 38289 0 0 0 11003 0 12540 0 294192 0 0 0 KAREN YAMAMOTO SR. VICE PRESIDENT & CFO 145198 0 15314 0 0 0 5987 0 10782 0 177281 0 0 0 CHARLES D PARKER VICE PRESIDENT OF CONTENT 132160 0 11144 0 0 0 5732 0 13630 0 162666 0 0 0 FORM 990, PART III, LINE 2 ONO! HAWAII'S FOOD CULTURE IS A MONTHLY DIGITAL SERIES ON PBS HAWAII'S YOUTUBE CHANNEL THAT CELEBRATES THE FLAVORS, HISTORY, AND HEART BEHIND HAWAII'S FAVORITE LOCAL COMFORT FOODS. EACH EPISODE SPOTLIGHTS A BELOVED DISH, FROM SAIMIN AND POKE TO MALASADAS, PASTELE, HULI HULI CHICKEN, AND MORE. THE PROGRAM EXPLORES THE CULTURAL ROOTS AND COMMUNITY STORIES THAT MAKE THESE FOODS MEANINGFUL ACROSS GENERATIONS. IN HAWAII, ONO MEANS "DELICIOUS, AND THE SERIES CAPTURES EXACTLY THAT: THE RICH BLEND OF CULTURES, TRADITIONS, AND MEMORIES THAT SHAPE THE ISLANDS' UNIQUE FOOD IDENTITY. WHAT SCHOOL YOU WENT? IS A PBS HAWAI'I PODCAST THAT EXPLORES HAWAI'I'S LOCAL CULTURES, COMMUNITIES, AND RELATIONSHIPS. THE WEEKLY CONVERSATIONS FEATURE UNIQUE AND COLORFUL INDIVIDUALS FROM ACROSS THE STATE. FROM RUBBAH SLIPPAHS TO UNSOLVED LOCAL MYSTERIES, GUESTS SHED LIGHT ON WHAT MAKES HAWAI'I, HAWAI'I. THE LAST EPISODE AIRED ON FEBRUARY 6, 2025. ALANUI MELE PODCAST EXPLORES THE RICH TAPESTRY OF HAWAI'I'S HIP-HOP CULTURE. THROUGH CANDID INTERVIEWS, EACH EPISODE DELVES INTO HAWAI'I'S UNIQUE CONNECTION TO THE GENRE, WITH AN EMPHASIS ON FOUR FOUNDATIONAL ELEMENTS: BREAKDANCING/B-BOYING, MC/RAPPING, DJ/DEEJAYING, AND GRAFFITI/STREET ART. THE PODCAST PROVIDES A PLATFORM FOR VOICES THAT ARE OFTEN UNHEARD AND STORIES RARELY TOLD, HIGHLIGHTING HOW HIP-HOP HAS SHAPED HAWAI'I'S CULTURAL LANDSCAPE AND INFLUENCED GENERATIONS IN THE 808 STATE. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE AUDIT AND FINANCE COMMITTEE AND THEN CIRCULATED TO THE FULL BOARD. AFTER REVIEW, THE AUDIT AND FINANCE COMMITTEE RECOMMENDS ACCEPTANCE OF THE 990. THE FULL BOARD VOTES TO APPROVE THE 990 FOR SUBMISSION TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT-OF-INTEREST POLICY IS INCLUDED IN THE BOARD MANUAL DISTRIBUTED TO ALL NEW BOARD MEMBERS. UPDATES ARE PROVIDED REGULARLY. THE POLICY IS REVIEWED ANNUALLY, AND EACH BOARD MEMBER SIGNS A DECLARATION EVERY YEAR. FORM 990, PART VI, SECTION B, LINE 15A WE RECEIVE SALARY SURVEY RESULTS FROM LOCAL SOURCES AS WELL AS FROM ASSOCIATIONS CONNECTED TO PBS NATIONAL. THE FULL BOARD CONDUCTS AN ANNUAL EVALUATION OF THE PRESIDENT/CEO TO DETERMINE MERIT BASED INCREASES OR BONUSES. SINCE JULY 1, 2020, THERE HAVE BEEN FEW MERIT WAGE INCREASES FOR STAFF. THE PRIMARY INCENTIVE WAS AN ANNUAL PROGRAM CONSISTING OF FOUR COMMUNITY GOALS AND FOUR PROFESSIONAL/PERSONAL GOALS, RATED AS BELOW TARGET, TARGET, OR EXCEEDS TARGET. ALL EMPLOYEES SHARED THE SAME SCORE FOR COMMUNITY GOALS. MANAGERS ASSESSED THEIR STAFF ON PROFESSIONAL/PERSONAL GOALS, WHICH WERE THEN REVIEWED BY THE CEO AND HR MANAGER. THIS PROCESS LAST OCCURRED IN APRIL/MAY 2025. WHEN THE BOARD IS SEARCHING FOR A NEW CEO, IT REVIEWS PBS SALARY SURVEYS, OSBE SALARY SURVEYS, AND HAWAI'I EMPLOYERS COUNCIL SALARY SURVEYS TO DETERMINE THE APPROPRIATE SALARY RANGE. WHEN THE CEO IS ALREADY IN PLACE, EACH BOARD MEMBER PROVIDES AN EVALUATION BASED ON THAT YEAR'S GOALS. THE BOARD THEN DETERMINES ANY INCREASE OR PERFORMANCE BONUS. THE CHAIR INFORMS THE CFO, AND A FORM IS PREPARED FOR SIGNATURE. NO MINUTES ARE TAKEN DURING THESE DISCUSSIONS, AS THEY OCCUR IN EXECUTIVE SESSION. FORM 990, PART VI, SECTION C, LINE 19 ALL GOVERNING DOCUMENTS, POLICIES, FINANCIAL STATEMENTS, AND FORM 990 ARE AVAILABLE TO THE PUBLIC UPON REQUEST. UPCOMING BOARD AND COMMITTEE MEETINGS ARE POSTED ON OUR WEBSITE AND OPEN TO THE PUBLIC. DOCUMENTS AVAILABLE ONLINE INCLUDE AUDITED FINANCIAL STATEMENTS, FORM 990, THE LOCAL CONTENT REPORT, DIVERSITY REPORT, ANNUAL REPORT, AND ALL FCC REQUIRED REPORTS. THE FINANCE COMMITTEE ASSUMES RESPONSIBILITY FOR AUDIT OVERSIGHT. FORM 990, PART VI, SECTION B, LINE 16A: PBS HAWAI'I IS A MEMBER OF MAUI TELEVISION BROADCASTERS, LLC. THE LLC WAS FORMED BY LOCAL TELEVISION STATIONS WHEN THE BROADCAST SITE AT ULUPALAKUA, MAUI WAS CREATED. THE STATIONS ARE CO LOCATED AT THE SITE, AND EACH MAINTAINS ITS TRANSMITTER THERE. THE LLC SHARES COSTS AMONG MEMBER STATIONS FOR SERVICES SUCH AS ELECTRICITY, LEASE RENT, FIBER CONNECTIVITY, AND TECHNICAL SUPPORT. FORM 990, PART XI, LINE 9: CHANGE IN BENEFICIAL INTEREST IN ASSETS HELD BY OTHERS 10,588.