2026-01-24T14:13:48-06:00 2025-09-30 421539623 KMH LLP 1003 BISHOP STREET SUITE 2400 HONOLULU HI 96813 990 2024-10-01 990242476 PACIFIC INTERNATIONAL CENTER FOR HIGH TECHNOLOGY RESEARCH PACI 8089439581 1440 KAPIOLANI BLVD 1410 HONOLULU HI 96814 JANEL PANG VP/CFO/TREASURER 8089439581 2026-01-24 1 0 DUANE AKAMINE P01498021 8085262255 2024 2025-03-06 01:10:19Z JANEL PANG 1440 KAPIOLANI BLVD 1410 HONOLULU HI 96814 1756932 0 X WWW.PICHTR.ORG X 1983 HI TO ACCELERATE TECHNOLOGY COMMERCIALIZATION, STRENGTHEN THE SAFETY AND SECURITY OF THE HAWAIIAN ISLANDS, AND EXPAND ECONOMIC OPPORTUNITIES IN HAWAII AND THROUGHOUT THE PACIFIC. ON OCTOBER 23, 1985, PICHTR WAS INCORPORATED AS A NONPROFIT EDUCATIONAL AND RESEARCH INSTITUTION AS PERMITTED BY THE ENABLING STATUTE. 9 8 6 0 0 0 1440876 1216220 440147 472371 94638 68341 0 0 1975661 1756932 0 0 0 0 784274 972979 0 0 0 1232593 1299741 2016867 2272720 -41206 -515788 2618118 2124399 540676 606450 2077442 1517949 X TO ADVANCE A THRIVING, ECONOMICALLY SECURE, ENVIRONMENTALLY CONSCIOUS FUTURE FOR HAWAII AND THE COUNTRIES OF THE ASIA-PACIFIC REGION BASED UPON SUSTAINABLE TECHNOLOGIES, SYSTEMS AND SERVICES. 1 0 529929 21861 WORKFORCE DEVELOPMENT - PICHTR'S WORKFORCE DEVELOPMENT EFFORTS INVOLVES WORKING WITH THE U.S. ENVIRONMENTAL PROTECTION AGENCY AND U.S. DEPARTMENT OF LABOR, AND COORDINATING WITH OUR PARTNERS TO DEVELOP THE WORKFORCE AND TRAINING PROGRAMS AMONG TARGET COMMUNITY FOR CESSPOOL REPLACEMENT TO ADDRESS THE ENVIRONMENTAL AND HUMAN HEALTH ISSUES ON THE EXISTING CESSPOOLS THAT RELEASE SEWAGE INTO THE GROUND, THREATENING PUBLIC HEALTH BY CONTAMINATING THE ISLANDS' DRINKING WATER AND DISRUPTING COASTAL ECOSYSTEMS THAT ARE A FUNDAMENTAL PART OF HAWAIIAN CULTURAL AND ECONOMIC IDENTITY. PICHTR HAS ALSO DEVELOPED EDUCATION AND TRAINING PROGRAMS TO SUPPORT WORKFORCE DEVELOPMENT WITH THE DEPARTMENT OF EDUCATION AND DEPARTMENT OF TRANSPORTATION. THESE PROGRAMS WILL INCLUDE INCORPORATING ARTIFICIAL INTELLIGENCE AND NEW TECHNOLOGY TO ENHANCE WORKFORCE SKILLS FOR NEW, EXISTING, AND PROSPECTIVE EMPLOYEES. 297444 3600 INTERNATIONAL DUAL USE - PICHTR'S INTERNATIONAL DUAL USE (IDU) PROGRAM BUILDS ON OUR PROVEN EXPERTISE IN DUAL-USE TECHNOLOGY ACCELERATION AND INCUBATION THROUGH THE HAWAII TECHNOLOGY DEVELOPMENT VENTURE (HTDV). THIS PROGRAM INCLUDES INITIATIVES SUCH AS THE J-STAR-X PROGRAM FUNDED BY JAPAN'S MINISTRY OF ECONOMY, TRADE AND INDUSTRY (METI). THE PROGRAM PROVIDES RESOURCES FOR MENTORING, MATCHMAKING, PARTNERSHIP DEVELOPMENT, DEMONSTRATION, TESTING, ASSESSMENT, EVALUATION, AND MANUFACTURING THROUGH ITS SUB-PROGRAMS. AS A MEMBER OF THE ALLIED NATIONS WITHIN THE ADVANCED PROTOTYPING AND EXPERIMENTATION (APEX) CONSORTIUM UNDER THE JOINT EXPERIMENTATION & TESTING ACCELERATOR (JETX), PICHTR IS EXPANDING PARTNERSHIPS TO ACCELERATE TECHNOLOGY COMMERCIALIZATION, ENHANCE ISLAND SECURITY, AND DRIVE ECONOMIC OPPORTUNITIES IN THE PACIFIC ISLANDS SPECIFICALLY IN AMERICAN SAMOA, THE COMMONWEALTH OF NORTHERN MARIANAS ISLANDS, FEDERATED STATES OF MICRONESIA, AND GUAM. 252879 0 CLIMATE ADAPTATION AND RESILIENCY - PICHTR'S CLIMATE ADAPTION COLLECTIVE PROJECT TACKLES BARRIERS TO CLIMATE CHANGE ADAPTATION BY PROVIDING CAPACITY BUILDING AND ADVOCACY TO DECISIONMAKERS AND THE GENERAL PUBLIC TO ENABLE FORWARD PROGRESS ON THE MOST CRITICAL CHANGE ADAPTATION INITIATIVES. CAPACITY BUILDING INITIATIVES ARE FOCUSED ON INCREASING AWARENESS AND UNDERSTANDING OF CLIMATE CHANGE ADAPTATION CHALLENGES, SOLUTIONS AND OPPORTUNITIES FOR HAWAII. ADVOCACY EFFORTS ARE FOCUSED ON PROVIDING SUPPORT FOR AND RECOMMENDATIONS ON CLIMATE CHANGE ADAPTATION INITIATIVES AND POLICIES THAT WILL STRENGTHEN HAWAII'S RESILIENCE AND ECONOMY. 186993 139312 FISCAL AND ADMINISTRATIVE SUPPORT - PICHTR SUPPORTS ENTREPRENEURS IN BRINGING NEW TECHNOLOGIES TO MARKET. OUR EFFORTS RANGE FROM ASSISTING COMPANIES WITH DEVELOPING BUSINESS RELATIONS AND, FUNDING THROUGH TECHNOLOGY INVESTMENT AND FEDERAL INITIATIVES, AND CONTRACT PROJECT AND ADMINISTRATIVE MANAGEMENT ACTIVITIES TO ENSURE EFFICIENT PROCEDURES ARE IN PLACE TO MEET PROJECT OR PROGRAMMATIC DEADLINES, MILESTONES, AND DELIVERABLES. PICHTR ASSISTS ORGANIZATIONS AND COMPANIES IN COORDINATING CONFERENCES AND MEETINGS TO FACILITATE COMMUNITY NETWORKING AND PARTNERSHIP OPPORTUNITIES. COORDINATION INCLUDES ASSESSING MEETING THEMES, PREPARING EXHIBITOR AND SPONSOR LOGISTICS, SPEAKER INVITATIONS, CHOOSING MEETING VENUE, SETTING UP ON-SITE LOGISTICS (SUCH AS MEETING ROOMS, AUDIO VISUAL NEEDS, ETC.), PREPARING MEETING AGENDA, INFORMATION FLYERS/BROCHURES, MAINTAINING REGISTRATION INFORMATION, COLLECTING REGISTRATION FEES AND MAKING PAYMENT FOR CONFERENCE EXPENSES. 169908 307598 CLEAN AND RENEWABLE ENERGY - PICHTR'S EFFORT TO DEVELOP NEW TECHNOLOGIES IS FOCUSED ON CLEAN ENERGY. PICHTR IS HELPING HAWAII MEET STRICT STATE GOVERNMENT MANDATES TO INCREASE THE USE OF CLEAN ENERGY AND ASSIST COMPANIES TO DEVELOP AND COMMERCIALIZE RENEWABLE ENERGY SOLUTIONS. 11585 BIOTECHNOLOGY AND AGRICULTURE TECHNOLOGY - PICHTR'S BIOTECHNOLOGY AND AGRICULTURE TECHNOLOGY (AG TECH) PROGRAM FOCUSES ON THE DEVELOPMENT AND TRANSFER OF TECHNOLOGIES TO BIOTECH INDUSTRIES AND AGRICULTURE IN HAWAII AND THE ASIA-PACIFIC REGION. THE PROGRAM SUPPORTS EDUCATION AND WORKFORCE DEVELOPMENT INITIATIVES WITH NOVEL AND NEW BIOTECHNOLOGY AND AG TECH AS FOUNDATIONAL CAPABILITIES TO ENHANCE THE AGRICULTURE AND BIOTECH INDUSTRIES. 368486 446910 1448738 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 6 0 1 6 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 8 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 1 1 1 1 0 HI X X JANEL PANG 8089439581 1440 KAPIOLANI BLVD STE 1410 HONOLULU HI 96814 DENNIS TERANISHI CHAIRMAN/CEO 30.00 0.00 X X 53132 0 29219 YOH KAWANAMI DIRECTOR 1.00 0.00 X 0 0 0 DUANE KURISU DIRECTOR 1.00 0.00 X 0 0 0 BRENNON MORIOKA DIRECTOR 1.00 0.00 X 0 0 0 ANDREW OGAWA DIRECTOR 1.00 0.00 X 0 0 0 MASAKAZU TOYODA DIRECTOR 1.00 0.00 X 0 0 0 SUZANNE VARES-LUM DIRECTOR 1.00 0.00 X 0 0 0 DAVID LASSNER DIRECTOR 1.00 0.00 X 0 0 0 PAUL YONAMINE DIRECTOR 1.00 0.00 X 0 0 0 JANEL PANG VP/CFO/TREASURER 40.00 0.00 X 153272 0 28528 IAN KITAJIMA PRESIDENT 30.00 0.00 X 80769 0 8876 KEITH MATSUMOTO PROGRAM DIRECTOR 32.00 0.00 X 123462 0 14344 410635 0 80967 2 0 1 0 QUINTESSENCE LLC 1177 QUEEN STREET SUITE 1106 HONOLULU HI 96814 CONSULTING SERVICES 126990 1 1147474 68746 1216220 CLEAN AND RENEWABLE EN 541900 307598 307598 FISCAL AND ADMINISTRAT 561499 139312 139312 WORKFORCE DEVELOPMENT 611430 21861 21861 INTERNATIONAL DUAL USE 541690 3600 3600 472371 68341 68341 1756932 472371 0 68341 358338 208287 150051 291733 152534 139199 72663 35863 36800 250245 143364 106881 41440 41440 221975 212374 9601 1942 1471 471 49772 20608 29164 13546 7278 6268 132914 18000 114914 28310 23044 5266 127266 119096 8170 56273 56273 94159 94159 RESEARCH SUBCONTRACTORS 486781 486781 MISCELLANEOUS EXPENSES 16760 10285 6475 DUES & SUBSCRIPTION 12703 300 12403 PARTICIPANT SUPPORT 9453 9453 6447 6447 2272720 1448738 823982 0 400 2592 2146657 1513356 0 354930 8560 9208 11679 11679 0 0 67870 24488 394631 219825 2618118 2124399 184652 214561 356024 391889 540676 606450 X 1799615 1517949 277827 0 2077442 1517949 2618118 2124399 -515788 -43705 0 X X 0 1 X 1 1 1 X 2510408 257508 663988 1440876 1216220 6089000 2510408 257508 663988 1440876 1216220 6089000 6089000 621 11839 78584 95482 68341 254867 39 39 6343906 1715209 0.95980 0.97930 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 9671 9671 0 2008 2008 0 0 DEPOSITS 14372 RIGHT OF USE ASSET 205453 219825 CONTRACT AND GRANT ADVANCES 150069 LEASE LIABILITY - CURRENT 67942 LEASE LIABILITY - NON CURRENT 173878 391889 X 1713253 -43705 26 -43679 1756932 0 1756932 2272746 26 26 2272720 0 2272720 PART X, LINE 2: PACIFIC INTERNATIONAL CENTER FOR HIGH TECHNOLOGY RESEARCH (PICHTR) IS NOT SUBJECT TO INCOME TAXES IN THE U.S. FEDERAL JURISDICTION AND THE STATE AND IS RECOGNIZED BY THE INTERNAL REVENUE SERVICE AS AN EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. PICHTR RECOGNIZES THE FINANCIAL STATEMENT BENEFIT OF A TAX POSITION ONLY AFTER DETERMINING THAT THE RELEVANT TAX AUTHORITY WOULD MORE LIKELY THAN NOT SUSTAIN THE POSITION AFTER AN AUDIT BASED ON THE TECHNICAL MERITS OF THE POSITION. PICHTR AND PTAC (PACIFIC TECHNOLOGY APPLICATIONS CORPORATION) HAVE NOT IDENTIFIED ANY UNCERTAIN TAX POSITIONS IN FILED RETURNS THAT REQUIRE DISCLOSURE IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. TAX YEARS FROM 2023 ARE OPEN FOR EXAMINATION FOR FEDERAL TAX PURPOSES. PTAC IS TAXED AS A CORPORATION AND FILES BOTH FEDERAL AND STATE CORPORATION INCOME TAX RETURNS. THERE WERE NO TAXES INCURRED FOR THE FISCAL YEARS ENDED SEPTEMBER 30, 2025 AND 2024. PTAC IS SUBJECT TO INCOME TAXES IN THE U.S. FEDERAL JURISDICTION AND THE STATE. TAX REGULATIONS WITHIN EACH JURISDICTION ARE SUBJECT TO INTERPRETATION OF THE RELATED TAX LAWS AND REGULATIONS AND REQUIRE SIGNIFICANT JUDGMENT TO APPLY. PART XI, LINE 2D - OTHER ADJUSTMENTS: LICENSE EXPENSE RECLASSED TO REVENUE 26. PART XII, LINE 2D - OTHER ADJUSTMENTS: LICENSE EXPENSE RECLASSED FROM EXPENSE 26. 0 0 0 0 0 0 0 0 0 JANEL PANG VP/CFO/TREASURER 153272 0 0 0 0 0 15950 0 12578 0 181800 0 0 0 FORM 990, PART III, LINE 2 NEW PROGRAM SERVICES: BIOTECHNOLOGY AND AGRICULTURE TECHNOLOGY FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES AUTHORIZED TO ACT ON BEHALF OF THE GOVERNING BODY, THEREFORE NO DOCUMENTATION OF SUCH MEETINGS TAKES PLACE. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE ACCOUNTANT, CFO/TREASURER AND FINAL REVIEWED AND APPROVED BY THE PRESIDENT PRIOR TO THE FILING OF THE FORM. A COPY OF THE FORM 990 IS AVAILABLE TO THE BOARD MEMBERS UPON REQUEST. FORM 990, PART VI, SECTION B, LINE 12C DIRECTORS, OFFICERS AND EMPLOYEES ARE COVERED BY THE ORGANIZATION'S CONFLICT OF INTEREST POLICY. CONFLICT OF INTERESTS ARE DETERMINED BY THE BOARD OF DIRECTORS AND PERSONS WITH POTENTIAL CONFLICTS WILL RECUSE HIMSELF/HERSELF FROM VOTING OR DISCUSSIONS ON SUCH MATTERS EXCEPT TO DISCLOSE MATERIAL FACTS AND RESPOND TO QUESTIONS. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE CEO, ED, AND TOP MANAGEMENT IS DETERMINED AND APPROVED BY THE BOARD OF DIRECTORS USING DATA AND INFORMATION PROVIDED BY HAWAII EMPLOYERS COUNCIL. COMPENSATION FOR OTHER OFFICERS ARE DETERMINED AND APPROVED BY THE PRESIDENT/CEO USING DATA AND INFORMATION PROVIDED BY HAWAII EMPLOYERS COUNCIL. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE FOR INTERNAL USE ONLY AND NOT AVAILABLE TO THE PUBLIC. FORM 990, PART XII, LINE 2C: THE OVERSIGHT PROCESS OF THE AUDIT OF THE FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM PRIOR YEARS. 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