2024-11-14T13:12:07-06:00 2023-12-31 261659234 CW ASSOCIATES CPAS 700 BISHOP STREET SUITE 1040 HONOLULU HI 96813 990 2023-01-01 990322295 FRIENDS OF THE WAIKIKI AQUARIUM FRIE 8089239741 PO BOX 89573 HONOLULU HI 968307573 ALAN MATSUI TREASURER 8089239741 2024-11-14 1 0 RODNEY M HARANO P00389596 8085311040 2024-11-14 2023 2024-10-15 13:58:12Z BRYAN TEPPER PO BOX 89573 HONOLULU HI 968307573 4846130 0 X WWW.FOWAQUARIUM.ORG X 1995 HI TO INSPIRE AND PROMOTE UNDERSTANDING, APPRECIATION AND CONSERVATION OF PACIFIC MARINE LIFE. 8 8 0 30 0 0 254155 202076 0 0 195047 354973 -21359 -15326 427843 541723 0 0 0 0 33508 57068 0 0 57549 282371 247996 315879 305064 111964 236659 4122920 4551853 163370 103745 3959550 4448108 X THE PURPOSE OF THE FRIENDS OF THE WAIKIKI AQUARIUM (FOWA) IS TO HELP PEOPLE OF ALL AGES UNDERSTAND, LOVE, CARE FOR AND WORK TO PROTECT THE LIFE OF THE OCEAN THROUGH A COMMITMENT TO EXCELLENCE IN EDUCATIONAL AND ENTERTAINING EXPERIENCES, RESEARCH AND CONSERVATION. 0 1 155747 A) PURPOSE. THE CORPORATION IS ORGANIZED FOR THE FOLLOWING PURPOSES: (1) TO ESTABLISH, SUPERVISE, OPERATE, MAINTAIN AND MANAGE AN AQUARIUM, CENTER FOR OCEANOGRAPHY AND MARINE BIOLOGICAL LABORATORY FOR EDUCATION PURPOSES; (2) TO HELP PEOPLE OF ALL AGES UNDERSTAND, LOVE, CARE FOR, AND WORK TO PROTECT THE LIFE OF THE OCEAN THROUGH A COMMITMENT TO EXCELLENCE IN EDUCATIONAL EXPERIENCES, RESEARCH AND CONSERVATION; (3) TO DESIGN, CONSTRUCT, AND MAINTAIN: EXHIBITS OF LIVING AQUATIC ORGANISMS; EXHIBITS RELATING TO THE INFLUENCE OF THE OCEAN ON ANY AND ALL ASPECTS OF HUMAN CULTURE (PARTICULARLY HAWAIIAN); AND GENERALLY, TO PROVIDE EDUCATIONAL AND ENTERTAINING EXPERIENCES INVOLVING THE OCEANS AND THEIR LIVING SYSTEMS, PARTICULARLY AS EXEMPLIFIED IN HAWAII AND THE TROPICAL PACIFIC REGION; (4) TO ENGAGE IN AND SUPPORT RESEARCH IN AREAS RELATING TO THE OCEAN, AQUATIC LIFE, MATTERS RELATING TO THE GEOLOGY BENEATH THE OCEANS, MATTERS RELATING TO THE USE OF OCEAN RESOURCES AS ENERGY RESOURCES, OCEAN POLLUTION, AND OTHER AQUATIC-RELATED MATTERS DETERMINED BY THE BOARD OF DIRECTORS. (5) TO PROVIDE EDUCATIONAL PROGRAMS TO THE GENERAL PUBLIC ON AQUATIC-RELATED SCIENCES AND ACTIVITIES; TO PREPARE, PUBLISH, AND DISTRIBUTE EDUCATIONAL MATERIAL PERTAINING TO THE OPERATION OF AQUARIA, VARIOUS AQUATIC SCIENCES AND RELATED FIELDS, AND BULLETINS RELATING TO THE WORK OF THE CORPORATION, AND TO UTILIZE ALL MODES OF PUBLICATION, INCLUDING BOOKS, PAMPHLETS, MAGAZINES, RADIO AND TELEVISION PRODUCTION, FOR THE PROVISION OF INFORMATION OF AQUATIC INTEREST TO VARIOUS PUBLICS; (6) TO CONDUCT SEMINARS, SPECIAL PROGRAMS, AND CLASSES ON AQUATIC-RELATED MATTERS; (7) TO ESTABLISH, MAINTAIN, AND AWARD SCHOLARSHIPS AND RESEARCH GRANTS TO STUDENTS OR OTHER PERSONS FOR ACHIEVEMENT IN AQUATIC-RELATED MATTERS OR CONTINUING EDUCATION OR RESEARCH IN AQUATIC-RELATED MATTERS; (8) TO SPONSOR MEETINGS AND CONFERENCES OF THOSE INTERESTED IN AQUARIA AND IN THE STUDY OF THE VARIOUS AQUATIC SCIENCES AND RELATED FIELDS, AND TO FACILITATE COOPERATION AMONG ORGANIZATIONS OPERATING AQUARIA AND MUSEUMS, PEOPLE INTERESTED IN THE AQUATIC SCIENCES AND RELATED FIELDS, SCIENTISTS IN THESE FIELDS, AND THE GENERAL PUBLIC; (9) TO PROVIDE REGULAR, ORGANIZED PROGRAMS ON AQUATIC AND RELATED SCIENCES TO PUBLIC AND PRIVATE SCHOOL SYSTEMS. (10) TO LEASE, CONTRACT, AND OPERATE FACILITIES OWNED BY THE STATE OF HAWAII FOR THE PURPOSE OF AQUATIC EDUCATION, RESEARCH, AND PUBLIC SERVICE AS DESCRIBED IN SEPARATE MEMORANDA OF AGREEMENT; (11) TO COOPERATE AND COORDINATE WITH VARIOUS DEPARTMENTS OF THE STATE OF HAWAII IN MATTERS RELATING TO AQUATIC EDUCATION, AQUATIC RESEARCH, AND AQUATIC PROGRAMS, INCLUDING (BUT NOT LIMITED TO) THE FOLLOWING: (A) TO PROVIDE APPRENTICESHIP OPPORTUNITIES IN AQUARIUM TECHNOLOGY AND MANAGEMENT TO UNIVERSITY OF HAWAII STUDENTS; (B) TO PROVIDE RESEARCH AND TEACHING SPACE ON A COOPERATIVE BASIS TO INTERESTED FACULTY MEMBERS, UNDERGRADUATE AND GRADUATE STUDENTS OF THE UNIVERSITY OF HAWAII; (C) TO MAINTAIN AND OPERATE FACILITIES FOR THE COLLECTION, MAINTENANCE, AND SHIPMENT OF AQUATIC ORGANISMS FOR THEIR PROVISION TO VARIOUS DEPARTMENTS OF THE UNIVERSITY OF HAWAII AND TO AQUARIUMS THROUGHOUT THE WORLD ON A COOPERATIVE BASIS; (D) TO INCLUDE THE EXPOSITION OF PAST AND CURRENT ACHIEVEMENTS OF THE UNIVERSITY OF HAWAII FACULTY AND STUDENTS AND OTHER STATE DEPARTMENTS IN THE AREAS OF AQUATIC SCIENCE AS A MAJOR PART OF THE EXHIBIT PHILOSOPHY; (E) TO ACT AS AN INFORMATIONAL RESOURCE FOR THE GENERAL PUBLIC, STATE AGENCIES, AND THE UNIVERSITY STUDENTS AND FACULTY BY MAINTAINING A LIBRARY AND REFERENCE SERVICE IN MATTERS RELATED TO AQUARIUM TECHNOLOGY AND THE MAINTENANCE OF AQUATIC ANIMALS IN CAPTIVITY. (12) TO SOLICIT AND RECEIVE GIFTS AND DONATIONS FROM INDIVIDUALS AND ORGANIZATIONS, TO ACCUMULATE FUNDS FOR THE CAPITAL PROGRAMS OF THE CORPORATION, AND TO EXPEND PRINCIPAL OR INCOME OR BOTH IN CARRYING OUT THE PURPOSES OF THE CORPORATION. (13) TO ACQUIRE BY GIFT, PURCHASE, LEASE, EXCHANGE, OR OTHERWISE SUCH REAL AND PERSONAL PROPERTY AS MAY BE APPROPRIATE TO CARRY OUT THE PURPOSES OF THE CORPORATION OR FOR INVESTMENTS, AND TO HOLD, OPERATE, USE, DEVELOP, LEASE, SELL, ASSIGN OR OTHERWISE DISPOSE OF SUCH REAL OR PERSONAL PROPERTY. (14) TO BUY OR ACQUIRE BY GIFT OR OTHERWISE, HOLD AND SELL STOCK, NOTES, BONDS OR OTHER SECURITIES FOR THE PURPOSE OF INVESTING AND REINVESTING THE FUNDS OF THE CORPORATION. (15) TO BORROW MONEY AND FROM TIME TO TIME MAKE AND ISSUE PROMISSORY NOTES AND EVIDENCES OF INDEBTEDNESS OF ALL KINDS FOR THE ACCOMPLISHMENT OF THE PURPOSES OF THE CORPORATION, OR ANY OF THEM, AND IF DEEMED DESIRABLE TO SECURE THE SAME BY MORTGAGE OR PLEDGE OF ANY PROPERTY OF THE CORPORATION. (16) TO DO ALL THINGS ALONE OR IN CONJUNCTION WITH OTHER PERSON, ORGANIZATIONS OR INSTITUTIONS PROPER OR DESIRABLE FOR ACCOMPLISHING THE PURPOSES FOR WHICH THE CORPORATION IS ORGANIZED. (17) TO TRANSACT ANY AND ALL LAWFUL BUSINESS OR ACTIVITIES FOR WHICH NONPROFIT CORPORATIONS MAY BE INCORPORATED UNDER CHAPTER 415B, HAWAII REVISED STATUTES, AS AMENDED, IN CONNECTION WITH THE FOREGOING PURPOSE, AND WHICH DIRECTLY OR INDIRECTLY PROMOTES THE INTERESTS OF THE CORPORATION, PROVIDED THAT SUCH BUSINESS OR ACTIVITIES ARE WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED, INCLUDING ANY SUCCESSOR PROVISIONS THERETO, (THE "CODE") AND UNITED STATES TREASURY INCOME TAX REGULATIONS THEREUNDER, AS AMENDED, INCLUDING ANY SUCCESSOR PROVISIONS THERETO, (THE "REGULATIONS"), SUCH AS THE OPERATION OF A GIFT SHOP FOR THE SALE OF ITEMS WHICH FOSTER AN APPRECIATION AND UNDERSTANDING OF THE OCEAN AND THE NATURAL WORLD, INCLUDING ARTWORK, BOOKS, VIDEOS, NATURALISTIC COLLECTIBLES AND ARTIFACTS, AND THE OPERATION OF A CONCESSIONAIRE TO GENERATE REVENUES TO SUPPORT THE ABOVE EDUCATIONAL PURPOSES. 155747 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 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 0 0 0 0 0 1 6 0 1 0 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 8 8 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 HI X MVM ACCOUNTING CO MIA MOODY 8087211078 44-104 HAKO STREET 4 KANEOHE HI 96744 BRYAN TEPPER CO-CHAIRPERSON 2.00 X X 0 0 0 DIRK YOSHIZAWA CO-CHAIRPERSON 2.00 X X 0 0 0 CHRISTOPHER COLE CO-SECRETARY 5.00 X X 0 0 0 ALAN MATSUI TREASURER 5.00 X X 0 0 0 JENNIFER ISOBE DIRECTOR 2.00 X 0 0 0 CHARLES LOOMIS DIRECTOR 2.00 X 0 0 0 NANCY TAYLOR DIRECTOR 2.00 X 0 0 0 MONICA SALTER DIRECTOR 2.00 X 0 0 0 LEE HIGA-OKAMOTO FORMER DIRECTOR 2.00 X 0 0 0 ELIZABETH CHURCHILL INTERIM EXECUTIVE DIRECTOR 30.00 X 57068 0 0 57068 0 0 0 0 0 0 BECKER COMMUNICATIONS 119 MERCHANT STREET SUITE 300 HONOLULU HI 96813 MARKETING, PR, MEMBERSHIP 140680 1 95049 60500 46527 202076 132318 132318 4445168 4222513 222655 222655 222655 66568 60500 81894 -15326 -15326 541723 0 0 339647 X 57068 22827 14267 19974 47116 47116 12505 12505 101269 62345 2929 35995 21433 16945 4268 220 1881 1881 8787 8787 SHARE OF MEMBERSHIP DUE 45863 45863 MISCELLANEOUS 7782 7767 15 TAXES 1360 1360 305064 155747 91768 57549 13041 113331 125670 1316 1500 500 24754 4384 3957955 4432322 4122920 4551853 93029 68382 70341 35363 163370 103745 X 3660693 4149251 298857 298857 3959550 4448108 4122920 4551853 236659 251899 0 X 0 1 X 1 0 X 341498 93442 92031 254155 202076 983202 36229 54240 65695 156164 377727 93442 92031 308395 267771 1139366 1880 13400 8250 13250 36780 0 1880 13400 8250 13250 36780 1102586 95604 70716 194011 141264 132318 633913 95604 70716 194011 141264 132318 633913 192 1054 1246 473523 164158 287096 449659 400089 1774525 0.62130 0.65460 0.35720 0.32200 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2019 AMOUNT: $ 192. 2021 AMOUNT: $ 1,054. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X 186750 0 186750 354973 354973 541723 292559 0 292559 12505 12505 305064 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 FRIEND'S TAX POSITIONS AS OF AND FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022 AND DETERMINED THAT THE FRIENDS HAD NO UNCERTAIN TAX POSITIONS REQUIRED TO BE REPORTED IN ACCORDANCE WITH U.S. GAAP. THE FRIENDS IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS IN PROGRESS FOR ANY OPEN TAX PERIODS. PART XI, LINE 4B - OTHER ADJUSTMENTS: INTEREST AND DIVIDENDS 132,318. REALIZED GAINS 222,655. SUMMER CONCERT SERIES 114137 60500 53637 17440 26272 33658 MEMBER'S NIGHT 12931 12931 1636 2888 127068 60500 66568 19076 26272 36546 81894 -15326 FORM 990, PART III, LINE 3 FOWA IMPLEMENTED ITS FIRST EVER HALLOWEEN INSPIRED MEMBERS' NIGHT WITH 650 PEOPLE IN ATTENDANCE, WHICH INCREASED REVENUE IN THE EVENTS CATEGORY AND PROVED EXTREMELY POPULAR WITH BOTH MEMBERS AND THE COMMUNITY AT LARGE. RELAUNCHED THE DISTINGUISHED LECTURE SERIES (DLS) IN SPRING 2023 AS WELL AS THE DIGITAL VERSION OF KILOIA, FOWA'S MEMBERSHIP NEWSLETTER. INCREASED NUMBER OF WEEKLY/MONTHLY EMAIL BLASTS BECAUSE OF INCREASED FOWA AND WAQ ACTIVITIES POST COVID. FORM 990, PART VI, SECTION A, LINE 3 FOWA DELEGATED MANAGEMENT DUTIES TO CHURCHILL GROUP LLC. SERVICES PROVIDED INCLUDED OVERSEEING, COMMUNICATING AND LIAISING WITH FOWA'S EXECUTIVE COMMITTEE, THIRD PARTY VENDORS AND OTHER STAKEHOLDERS IN CONNECTION WITH THE OVERSIGHT, PLANNING AND EXECUTION OF MEMBERSHIP PROGRAMS AND SERVICES, FINANCES, GOVERNANCE MATTERS, AND FUNDRAISING AND COMMUNITY OUTREACH. FORM 990, PART VI, SECTION B, LINE 11B ONCE THE FORM 990 IS COMPLETED BY THE AUDITOR/FOWA ACCOUNTANT, IT IS CIRCULATED TO THE FULL BOARD OF DIRECTORS FOR REVIEW AND COMMENTS. IF NONE ARE MADE, THE BOARD VOTES TO ACCEPT THE FORM 990 FOR SUBMISSION TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C FOWA OFFICERS AND DIRECTORS COMPLETE THE CONFLICT OF INTEREST AND DISCLOSURE STATEMENTS ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15A SINCE FOWA HAS NO DIRECT EMPLOYEES AND EVERYONE IS AN INDEPENDENT CONTRACTOR OR VENDOR, THE BOARD OF DIRECTORS MAKES COMPENSATION DECISIONS DURING A BOARD MEETING IN EXECUTIVE SESSION. THE BOARD CHOSE TO INCREASE THE INTERIM ED SALARY STARTING IN MAY 2023 AFTER ONE YEAR OF WORKING ON BEHALF OF FOWA. THE FOWA BOARD REVIEWS ALL CONTRACTS ON AN ANNUAL BASIS, USUALLY IN NOVEMBER OF EACH YEAR TO COINCIDE WITH THE BUDGETING PROCESS. 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 IX, LINE 11G OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 62,345. MANAGEMENT AND GENERAL EXPENSES 2,929. FUNDRAISING EXPENSES 35,995. TOTAL EXPENSES 101,269.