2022-09-28T00:08:24-05:00 2021-12-31 261659234 CW ASSOCIATES CPAS 700 BISHOP STREET SUITE 1040 HONOLULU HI 96813 990 2021-01-01 990185999 PACIFIC FLEET SUBMARINE MEMORIAL ASSOC PACI 8084231341 11 ARIZONA MEMORIAL DRIVE HONOLULU HI 96818 CAPT CHARLES K MERKEL EXECUTIVE DIRECTOR/PRESIDENT 8084231341 2022-09-28 1 CAPT CHARLES K MERKEL 999009999 RODNEY M HARANO P00389596 8085311040 2022-09-26 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z USS BOWFIN CAPT CHARLES K MERKEL 11 ARIZONA MEMORIAL DRIVE HONOLULU HI 96818 8617200 0 X WWW.BOWFIN.ORG X 1978 HI TO ESTABLISH AND MAINTAIN A WORLD WAR II SUBMARINE, MUSEUM, AND MEMORIAL. 17 16 48 30 0 0 912504 835338 1417585 4539929 -7591 345948 370571 1004971 2693069 6726186 52000 189064 0 0 1642603 1549745 0 0 62007 1680737 3102183 3375340 4840992 -682271 1885194 32288261 34255169 12611689 12616472 19676572 21638697 TO ESTABLISH AND MAINTAIN A WORLD WAR II SUBMARINE, MUSEUM, AND MEMORIAL. 0 0 3908124 189064 5241424 TO ESTABLISH AND MAINTAIN A WORLD WAR II SUBMARINE, MUSEUM, AND MEMORIAL. TO AWARD ACADEMIC SCHOLARSHIPS THROUGH THE USS BOWFIN MEMORIAL SCHOLARSHIPS (ADMINISTERED BY HAWAII COMMUNITY FOUNDATION) AND USS KAMEHAMEHA SCHOLARSHIPS (ADMINISTERED BY PAUAHI FOUNDATION). 3908124 1 1 0 0 0 0 0 1 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 5 0 48 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 17 16 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 HI X CAPT CHARLES K MERKEL USN RETIRE 8084231341 11 ARIZONA MEMORIAL DRIVE HONOLULU HI 96818 CHARLES K MERKEL USN RET EXECUTIVE DIRECTOR/PRESIDENT 40.00 X X 171984 0 23482 PETER W MILLER USN RET CHAIRMAN/DIRECTOR 2.00 X X 0 0 0 STEVEN AUERBACH VICE PRESIDENT/DIRECTOR&R&&N& 2.00 X X 0 0 0 WILLIAM HICKS TREASURER/DIRECTOR 2.00 X X 0 0 0 BRIAN D FILA USN RET SECRETARY/DIRECTOR 2.00 X X 0 0 0 SAMUEL S DANNAWAY DIRECTOR 1.00 X 0 0 0 RUSSEL A HART DIRECTOR 1.00 X 0 0 0 MELANIE HORIKAMI DIRECTOR 1.00 X 0 0 0 ALAN ITO DIRECTOR 2.00 X 0 0 0 THOMAS G KYLE DIRECTOR 1.00 X 0 0 0 STEVEN MADRACCIA DIRECTOR 1.00 X 0 0 0 RODERICK J PEROFF DIRECTOR 1.00 X 0 0 0 SAMANTHA SNEED DIRECTOR 1.00 X 0 0 0 SHAUNA TONKIN DIRECTOR 1.00 X 0 0 0 RANDALL C WHATTOFF DIRECTOR 2.00 X 0 0 0 CAROLINE WITHERSPOON DIRECTOR 2.00 X 0 0 0 WILLIAM KEARNS DIRECTOR 1.00 X 0 0 0 RONALD R COX USN RET CHAIRMAN/DIRECTOR UNTIL 5/21/2021 2.00 X X 0 0 0 171984 0 23482 1 0 1 0 PACIFIC STUDIO INC 5311 SHILSHOLE AVE NW SEATTLE WA 98107 MUSEUM RENOVATION 663888 SERVICE SYSTEMS ASSOCIATES 4264 CENTRAL PARK BLVD STE 100 DENVER CO 80238 TICKETING OPERATION 364049 TOUR-MATE SYSTEMS 137 ST REGIS CRES S TORONTO ONTORIO CA M3J 1Y6 LEASING EQUIPMENT, AUDIO TOUR PRODUCTION 250000 ELECTROSONIC 3320 N SAN FERNANDO BLVD BURBANK CA 91504 MUSEUM RENOVATION 160925 4 3619 523232 308487 50395 835338 ADMISSIONS 712110 4539929 4539929 4539929 224761 224761 303476 0 303476 303476 303476 2012201 1836359 54655 175842 -54655 121187 121187 696648 0 696648 696648 OTHER REVENUE 900099 4847 4847 4847 6726186 5241424 0 649424 X 189064 189064 195466 97733 78186 19547 1014293 928714 80316 5263 19519 18477 1037 5 232636 205498 24209 2929 87831 75124 11040 1667 86758 86758 25878 25878 498347 474076 22882 1389 70494 70494 316913 313099 2999 815 51916 44406 6525 985 560118 479087 70402 10629 6489 6489 2223 2223 324558 324558 765018 654345 96155 14518 208983 170940 34296 3747 REPAIRS & MAINTENANCE 124561 120894 3186 481 GENERAL EXCISE TAXES 43455 43455 EDUCATION 5146 5146 DUES & SUBSCRIPTIONS 3231 3231 8095 5629 2434 32 4840992 3908124 870861 62007 399318 1275032 513523 243311 126067 675518 0 60253 133187 29036430 4365324 24803364 24671106 6385736 7257015 32288261 34255169 713171 439084 11898518 12177388 12611689 12616472 X 17534691 21638697 2141881 0 19676572 21638697 32288261 34255169 1885194 76931 0 X 0 1 X 1 1 1 X 258100 535439 1441559 912504 835338 3982940 8690604 9359619 8110984 1746180 5236577 33143964 8948704 9895058 9552543 2658684 6071915 37126904 16200 46550 52386 38095 7305 160536 0 16200 46550 52386 38095 7305 160536 36966368 490803 604629 524483 183512 528237 2331664 490803 604629 524483 183512 528237 2331664 12098 3587 13410 43752 4847 77694 9451605 10503274 10090436 2885948 6604999 39536262 0.93500 0.94550 0.05900 0.04870 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER REVENUE - 2017 AMOUNT: $ 12,098. 2018 AMOUNT: $ 3,587. 2019 AMOUNT: $ 13,410. 2020 AMOUNT: $ 43,752. 2021 AMOUNT: $ 4,847. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 12357968 3761096 8596872 16501982 495481 16006501 27997 27997 0 148483 80750 67733 24671106 X 8919120 76931 76931 8842189 25878 -2141881 -2116003 6726186 4815114 0 4815114 25878 25878 4840992 PART III, LINE 1A: THE HISTORICAL COLLECTION CONSISTS OF DOCUMENTS AND ARTIFACTS HELD BY THE ASSOCIATION FOR EDUCATIONAL, RESEARCH, AND CURATORIAL PURPOSES. THE ITEMS IN THE COLLECTION, WHICH WERE ACQUIRED THROUGH PURCHASES AND CONTRIBUTIONS SINCE THE ASSOCIATION'S INCEPTION, ARE NOT RECOGNIZED IN THE ACCOMPANYING FINANCIAL STATEMENTS BECAUSE THEY HAVE NO ALTERNATIVE USES. PURCHASES OF COLLECTION ITEMS ARE RECORDED AS DECREASES IN NET ASSETS WITHOUT DONOR RESTRICTION IN THE PERIOD IN WHICH THE ITEMS ARE ACQUIRED OR AS NET ASSETS WITH DONOR RESTRICTION IF THEY ARE PURCHASED WITH DONOR-RESTRICTED FUNDS. CONTRIBUTED COLLECTION ITEMS ARE NOT REFLECTED IN THE FINANCIAL STATEMENTS. PROCEEDS, IF ANY, FROM THE DISPOSITION OF COLLECTION ITEMS ARE REFLECTED AS INCREASES IN THE APPROPRIATE NET ASSET CLASSES. PART III, LINE 4: HISTORICAL COLLECTIONS INCLUDE A U.S. WWII SUBMARINE AND ARTIFACTS FOR DISPLAY, STUDY AND FUTURE GENERATIONS. THE HISTORICAL COLLECTION CONSISTS OF DOCUMENTS AND ARTIFACTS HELD BY THE ASSOCIATION FOR EDUCATIONAL, RESEARCH, AND CURATORIAL PURPOSES. 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 THE ASSOCIATION AS OF DECEMBER 31, 2021 AND 2020 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. THE ASSOCIATION 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: DECREASE IN NET ASSETS WITH DONOR RESTRICTIONS -2,141,881. 1 HAWAII COMMUNITY FOUNDATION 827 FORT STREET MALL HONOLUU HI 96813 990261283 501(C)(3) 173064 0 BOWFIN MEMORIAL SCHOLARSHIPS PAUAHI FOUNDATION 367 SOUTH KING ST SUITE 160 HONOLULU HI 96813 943263044 501(C)(3) 16000 0 KAMEHAMEHA SCHOLARSHIPS 2 0 PART I, LINE 2: PFSMA ESTABLISHED THE CRITERIA FOR AWARDING SCHOLARSHIPS BY BOTH THE PAUAHI FOUNDATION AND THE HAWAII COMMUNITY FOUNDATION. HCF WILL ADMINISTER THE BOWFIN MEMORIAL SCHOLARSHIPS. THE PAUAHI FOUNDATION ADMINISTERS THE USS KAMEHAMEHA SCHOLARSHIPS. PFSMA PROVIDES THE ADDITIONAL FUNDING NECESSARY TO HCF TO AWARD 20 SCHOLARSHIPS OF $5000 EACH EVERY ACADEMIC YEAR. THE PAUAHI FOUNDATION MANAGES GRANT FUNDS AND PFSMA PROVIDES THE ADDITIONAL FUNDING NECESSARY TO AWARD 2 SCHOLARSHIPS OF $5000 EACH EVERY ACADEMIC YEAR. FUNDS ARE PAID DIRECTLY TO THE EDUCATIONAL INSTITUTION. PART I, LINE 1: DOCUMENTS SUCH AS APPLICATIONS ARE MAINTAINED UNTIL THE SCHOLARSHIP PROCESS IS COMPLETED. SUBSEQUENTLY THEY ARE SHREDDED FOR PRIVACY PURPOSES. RECIPIENT NAMES ARE RETAINED. X X 0 0 0 0 0 0 0 0 0 CHARLES K MERKEL USN RET EXECUTIVE DIRECTOR/PRESIDENT 171984 0 0 0 0 0 5141 0 18341 0 195466 0 0 0 X 1 50395 FAIR MARKET VALUE 0 0 0 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS ELECT THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE EXECUTIVE DIRECTOR AND BOARD TREASURER REVIEW THE FORM 990, WHICH IS THEN EMAILED TO THE BOARD OF DIRECTORS FOR COMMENTS, PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH BOARD DELEGATED POWERS SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON: (A) RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, (B) HAS READ AND UNDERSTANDS THE POLICY, (C) HAS AGREED TO COMPLY WITH THE POLICY, AND (D) UNDERSTANDS PFSMA IS A NONPROFIT ORGANIZATION AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. EACH VOTING MEMBER OF THE BOARD SHALL ANNUALLY SIGN A STATEMENT, WHICH DECLARES WHETHER SUCH PERSON IS AN INDEPENDENT DIRECTOR. IF AT ANY TIME DURING THE YEAR, THE INFORMATION IN THE ANNUAL STATEMENT CHANGES MATERIALLY, THE DIRECTOR SHALL DISCLOSE SUCH CHANGES AND REVISE THE ANNUAL DISCLOSURE FORM. THE EXECUTIVE COMMITTEE SHALL REGULARLY AND CONSISTENTLY MONITOR AND ENFORCE COMPLIANCE WITH THIS POLICY BY REVIEWING ANNUAL STATEMENTS AND TAKING SUCH OTHER ACTIONS AS ARE NECESSARY FOR EFFECTIVE OVERSIGHT. IN DETERMINING WHETHER A CONFLICT OF INTEREST EXISTS, THE POTENTIALLY CONFLICTED MEMBER SHALL LEAVE THE BOARD OR EXECUTIVE COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE DIRECTOR'S COMPENSATION IS DETERMINED BY THE HUMAN RESOURCE COMMITTEE, WHICH INCLUDES THE CHAIR, VP, TREASURER, AND SECRETARY. COMPARABLE DATA, SUCH AS COMPENSATION INFORMATION AT OTHER NONPROFIT ORGANIZATIONS, IS USED. THE PROCESS IS DOCUMENTED IN A REPORT. THIS PROCESS WAS LAST UNDERTAKEN ON NOVEMBER 1, 2021. 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 PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 411,474. MANAGEMENT AND GENERAL EXPENSES 13,683. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 425,157. SECURITY: PROGRAM SERVICE EXPENSES 62,602. MANAGEMENT AND GENERAL EXPENSES 9,199. FUNDRAISING EXPENSES 1,389. TOTAL EXPENSES 73,190.