2022-07-15T16:58:29-05:00 2021-08-31 990169131 N&K CPAS INC 999 BISHOP ST STE 2200 HONOLULU HI 96813 990 2020-09-01 990073495 DIAMOND HEAD THEATRE DIAM 8087348763 520 MAKAPUU AVENUE HONOLULU HI 96816 DEENA DRAY EXECUTIVE DIRECTOR 8087348763 2022-07-14 1 DEENA DRAY 999009999 MICHAEL I TANAKA P00412914 8085242255 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z DEENA DRAY 520 MAKAPUU AVENUE HONOLULU HI 96816 5454603 0 X WWW.DIAMONDHEADTHEATRE.COM X 1944 HI LIVE STAGE PRODUCTIONS & THEATRE ARTS EDUCATION 36 36 50 400 0 0 3484205 4927659 943143 467459 99660 8486 42468 50999 4569476 5454603 0 0 0 0 1057495 1038902 0 0 266951 1027344 721709 2084839 1760611 2484637 3693992 18867436 24069387 827164 2144438 18040272 21924949 X ESTABLISHED IN 1915, DIAMOND HEAD THEATRE IS THE BROADWAY OF THE PACIFIC, PRODUCING THE BEST LIVE COMMUNITY THEATRE ENTERTAINMENT AND ADVANCING THE THEATRE ARTS THROUGH EDUCATION IN HAWAII. 0 0 1098452 267802 PRODUCTION: YEAR ROUND LIVE STAGED THEATRICAL PRODUCTIONS FOR HAWAII'S COMMUNITY. AN ESTIMATED 12,432 PATRONS ATTENDED. 153887 199658 EDUCATION: YEAR ROUND THEATRE ARTS EDUCATION WITH 932 INDIVIDUALS ENROLLED. 1761 9 REFRESHMENTS: CANDY, CHIPS, SODA, WATER, WINE AND BEER AT ALL PERFORMANCES BY VOLUNTEERS TO PATRONS. 50989 OTHER: PHONE TRANSACTION FEE, PROCESSING FEES, DRIVE IN 50989 1254100 1 1 0 0 0 0 0 0 0 1 1 0 0 1 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 18 0 1 50 1 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 X 36 36 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 HI X X X DEENA DRAY EXECUTIVE DIRECTOR 8087330277 520 MAKAPUU AVE HONOLULU HI 96816 RICK CHONG CHAIR 1.00 X X 0 0 0 DAVID OKABE IMMEDIATE PAST CHAIR 1.00 X X 0 0 0 COLIN MIWA VICE CHAIR 1.00 X X 0 0 0 DEAN SHIGEMURA DIRECTOR 1.00 X 0 0 0 ELISIA FLORES VICE CHAIR 1.00 X X 0 0 0 LIZ STONE DIRECTOR 1.00 X 0 0 0 CAROLYN A BERRY WILSON DIRECTOR 1.00 X 0 0 0 DENNIS FRANCIS DIRECTOR 1.00 X 0 0 0 DANIEL CHUN DIRECTOR 1.00 X 0 0 0 KELLY SANDERS DIRECTOR 1.00 X 0 0 0 GABE LEE TREASURER 1.00 X X 0 0 0 INDRU WATUMULL DIRECTOR 1.00 X 0 0 0 TREVOR BRACHER DIRECTOR 1.00 X 0 0 0 MATTHEW PENNAZ DIRECTOR 1.00 X 0 0 0 TODD IACOVELLI DIRECTOR 1.00 X 0 0 0 JOHN MAGAURAN M D DIRECTOR 1.00 X 0 0 0 KAY HAMPTON DIRECTOR 1.00 X 0 0 0 JENNIFER TANABE DIRECTOR 1.00 X 0 0 0 LAURENCE PAXTON DIRECTOR 1.00 X 0 0 0 LESLIE CAMPANIANO DIRECTOR 1.00 X 0 0 0 MARIKO LYONS DIRECTOR 1.00 X 0 0 0 NIGEL PENTLAND DIRECTOR 1.00 X 0 0 0 PAUL I DEVILLE DIRECTOR 1.00 X 0 0 0 EDWARD J GERARD SECRETARY 1.00 X X 0 0 0 RICK CHING DIRECTOR 1.00 X 0 0 0 SHAREN WAGO DIRECTOR 1.00 X 0 0 0 MIKE CHING VICE CHAIR 1.00 X X 0 0 0 SIDNEY C L CHAR DIRECTOR 1.00 X 0 0 0 SUSAN EICHOR DIRECTOR 1.00 X 0 0 0 USON Y EWART DIRECTOR 1.00 X 0 0 0 VERNON WONG DIRECTOR 1.00 X 0 0 0 WENDELL J WO DIRECTOR 1.00 X 0 0 0 LINDA AHLERS DIRECTOR 1.00 X 0 0 0 JOHN MATSUMOTO DIRECTOR 1.00 X 0 0 0 LLOYD CHAFFIN DIRECTOR 1.00 X 0 0 0 JACKIE MURAI-PEDERSEN DIRECTOR 1.00 X 0 0 0 GERALDINE DRAY EXECUTIVE DIRECTOR 45.00 X 153937 0 14132 153937 0 14132 1 0 1 0 RAM CORPORATION 1717 AKAHI ST HONOLULU HI 96819 CONSTRUCTION CONTRACTOR 5171557 CUMMING CONSTRUCTION MANAGEMENT INC 25220 HANCOCK AVE STE 440 MURRIETA CA 92562 CONSTRUCTION CONSULTANTS 206506 STUDIO RED ARCHITECTS 1320 MCGOWEN ST HOUSTON TX 77004 NEW THEATRE ARCHITECTS 170671 BANKCARD CENTER PO BOX 29450 HONOLULU HI 968201850 CHARGE CARD 124146 4 316747 1214574 3396338 1000 4927659 THEATRE PRODUCTIONS 711110 267792 267792 STUDIO TUITION 711110 199658 199658 CANTEEN SALES 900099 9 9 467459 8486 8486 10 0 10 10 10 DRIVE IN AND OTHER 900099 26565 26565 PHONE TRANSACTION FEES 900099 24424 24424 50989 5454603 518458 0 8486 X 168069 84035 42017 42017 667165 481599 116687 68879 18275 12432 3453 2390 126151 88364 22978 14809 59242 40300 11196 7746 188286 73007 23075 92204 55814 55814 55415 19654 296 35465 39923 39923 186847 179887 4176 2784 16115 15435 408 272 67842 59701 8141 25806 18288 7133 385 DIRECT THEATRE PRODUCTI 68062 68062 ARTIST AND ORCHESTRA FE 13957 13957 OTHER 1876 1876 HOSPITALITY 1766 1766 1760611 1254100 239560 266951 744 745 13032710 13107957 1993947 1819305 12335 330219 44194 62373 9118641 1715109 2635259 7403532 1148247 1345256 18867436 24069387 47765 733107 367200 405744 412199 1005587 827164 2144438 X 5511660 10719765 12528612 11205184 18040272 21924949 18867436 24069387 X 3693992 190685 X X 0 1 X 1 0 X 2277816 2237631 3784574 3484205 4927659 16711885 2277816 2237631 3784574 3484205 4927659 16711885 1660574 15051311 68226 110249 257006 117274 8496 561251 54412 36306 53891 56079 50989 251677 17524813 6757870 0.85890 0.83740 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: PHONE TRANSACTION FEES CANTEEN BAR REVENUE PROCESSING FEES RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 72000 0 0 72000 72000 162 162 72000 72000 231 231 72000 72000 171 171 72000 72000 88 88 72000 1.00000 1 0 446884 422756 24128 1036963 838491 198472 486982 453862 33120 7147812 7147812 7403532 DEPOSITS AND OTHER CURRENT ASSETS 6400 BENEFICIAL INTEREST IN PERPETUAL TRUST 1240270 CASH SURRENDER VALUE OF DONATED LIFE INSURANCE POLICY 98586 1345256 DEFERRED REVENUES - SEASON TICKETS AND OTHERS 1005587 1005587 X 5645288 190685 190685 5454603 0 5454603 1760611 0 1760611 0 1760611 PART V, LINE 4: TO SUPPORT OPERATIONS TO FULFILL THE MISSION OF DIAMOND HEAD THEATRE PART X, LINE 2: DIAMOND HEAD THEATRE (DHT) IS RECOGNIZED BY THE INTERNAL REVENUE SERVICE AS AN EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. DHT 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. DHT HAS NOT IDENTIFIED ANY UNCERTAIN TAX POSITIONS IN FILED RETURNS THAT REQUIRE DISCLOSURE IN THE ACCOMPANYING FINANCIAL STATEMENTS. DHT IS NOT 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: CHANGE IN VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUST 190,685. PART VI, LINE 1E, COLUMN (B): CONSTRUCTION IN PROGRESS: 7,147,812 X 0 0 0 0 0 0 0 0 0 GERALDINE DRAY EXECUTIVE DIRECTOR 153937 0 0 0 0 0 5200 0 8932 0 168069 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WILL BE REVIEWED BY THE EXECUTIVE COMMITTEE PRIOR TO ITS FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C A DIRECTOR HAS A DUTY TO EXERCISE LOYALTY, DILIGENCE, AND CONFIDENTIALITY AND AVOID CONFLICTS OF INTEREST IN THE CONDUCT OF DHT MATTERS. THE DUTY OF LOYALTY REQUIRES DIRECTORS OF DHT TO EXERCISE THEIR POWERS AND DISCHARGE THEIR RESPONSIBILITIES IN THE INTEREST OF DHT AND NOT IN THEIR OWN PERSONAL INTEREST OR IN THE INTEREST OF ANY OTHER PERSON OR ENTITY. A DIRECTOR SHALL PROMPTLY DISCLOSE TO THE BOARD ANY CONFLICT OF INTEREST WITH RESPECT TO ANY POTENTIAL OR ACTUAL TRANSACTION, AGREEMENT OR OTHER MATTER WHICH IS OR MAY BE PRESENTED TO THE BOARD FOR CONSIDERATION. FOR ANY POTENTIAL CONFLICT OF INTEREST, THE BOARD, WITH THE ABSTENTION OF THE INTERESTED DIRECTOR, MAY DECIDE WHETHER SUCH DIRECTOR MAY PARTICIPATE IN ANY REPORTING, DISCUSSION OR VOTE ON THE ISSUE THAT GAVE RISE TO THE POTENTIAL CONFLICT. ANY DIRECTOR WITH SUCH A CONFLICT OF INTEREST, SHALL RECUSE HIMSELF OR HERSELF FROM ANY REPORTING DISCUSSIONS AND VOTE ON THE ISSUE THAT GAVE RISE TO THE CONFLICT AND, IF NECESSARY, FROM THE BOARD MEETING, OR APPLICABLE PART THEREOF. RESIGNATION FROM THE BOARD FOR A CONFLICT OF INTEREST MAY BE APPROPRIATE AND/OR REQUIRED WHERE A DIRECTOR HAS SIGNIFICANT, ONGOING, AND IRRECONCILABLE CONFLICT AND WHERE SUCH CONFLICT SIGNIFICANTLY IMPEDES THE ABILITY TO CARRY OUT THE DIRECTOR'S RESPONSIBILITIES WITHOUT THE PERCEPTION OF BIAS. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION AMOUNTS ARE DETERMINED BASED ON RESEARCH DONE ON COMPARABLE ORGANIZATIONS FOR ALL MANAGEMENT LEVEL EMPLOYEES. REVIEW OF THE EXECUTIVE DIRECTOR IS DONE ANNUALLY BY THE BOARD EXECUTIVE COMMITTEE. THE LAST REVIEW OCCURRED IN 2020. FORM 990, PART VI, SECTION C, LINE 19 INFORMATION IS POSTED DIRECTLY ON DHT WEBSITE WWW.DIAMONDHEADTHEATRE.COM OR VIA LINKS PROVIDED. FORM 990, PART IX, LINE 11G PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 73,007. MANAGEMENT AND GENERAL EXPENSES 23,075. FUNDRAISING EXPENSES 92,204. TOTAL EXPENSES 188,286. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUST 190,685. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR.