2021-04-06T21:33:04-05:00 2020-08-31 990169131 N&K CPAS INC 999 BISHOP ST STE 2200 HONOLULU HI 96813 990 2019-09-01 990073495 DIAMOND HEAD THEATRE DIAM 8087348763 520 MAKAPUU AVENUE HONOLULU HI 96816 DEENA DRAY EXECUTIVE DIRECTOR 8087348763 2021-04-03 1 MICHAEL I TANAKA P00412914 8085242255 2019 2022-09-23 18:48:47Z DEENA DRAY 520 MAKAPUU AVENUE HONOLULU HI 96816 4631334 0 X WWW.DIAMONDHEADTHEATRE.COM X 1944 HI LIVE STAGE PRODUCTIONS & THEATRE ARTS EDUCATION 37 37 85 400 0 0 3784574 3484205 1721038 943143 176630 99660 80561 42468 5762803 4569476 0 0 0 0 1239958 1057495 0 0 196269 1508076 1027344 2748034 2084839 3014769 2484637 17512763 18867436 2026254 827164 15486509 18040272 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 1446408 740611 PRODUCTION: YEAR ROUND LIVE STAGED THEATRICAL PRODUCTIONS FOR HAWAII'S COMMUNITY. AN ESTIMATED 27,057 PATRONS ATTENDED. 135010 173344 EDUCATION: YEAR ROUND THEATRE ARTS EDUCATION WITH 913 INDIVIDUALS ENROLLED. 16946 29188 REFRESHMENTS: CANDY, CHIPS, SODA, WATER, WINE AND BEER AT ALL PERFORMANCES BY VOLUNTEERS TO PATRONS. 0 56079 OTHER: PHONE TRANSACTION FEE, PROCESSING FEES, DRIVE IN 0 16637 RENTALS: YEAR ROUND RENTAL OF COSTUMES AS WELL AS FACILITY RENTALS (REHEARSAL HALL, GREEN ROOM, AND AUDITORIUM). 0 72716 1598364 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 37 0 1 85 1 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 X 37 37 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 HI X X X CHARMAINE DIPP BUSINESS DIRECTOR 8087330277 520 MAKAPUU AVE HONOLULU HI 96816 RICK CHONG IMMEDIATE PAST CHAIR 1.00 X X 0 0 0 DAVID OKABE 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 SECRETARY 1.00 X 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 TIFFANY RICHARDSON DIRECTOR 1.00 X 0 0 0 BOB PETERSON MD 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 DIRECTOR 1.00 X 0 0 0 RICK CHING DIRECTOR 1.00 X 0 0 0 SHAREN WAGO DIRECTOR 1.00 X 0 0 0 MIKE CHING DIRECTOR 1.00 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 MATTHEW PENNAZ DIRECTOR 1.00 X 0 0 0 GERALDINE DRAY EXECUTIVE DIRECTOR 45.00 X 156000 0 13113 156000 0 13113 1 0 0 0 STUDIO RED ARCHITECTS 1320 MCGOWEN ST HOUSTON TX 77004 NEW THEATRE ARCHITECTS 883498 SCHULER SHOOK 750 N ORLEANS SUITE 400 CHICAGO IL 60654 NEW THEATRE DESIGN 140326 2 451451 255331 2777423 106297 3484205 THEATRE PRODUCTIONS 711110 740611 740611 STUDIO TUITION 711110 173344 173344 REFRESHMENT SALES 900099 18842 18842 CANTEEN SALES 900099 10346 10346 943143 99660 99660 10850 6764 715 262 10135 6502 16637 16637 30633 255331 60881 -30248 -30248 PHONE TRANSACTION FEES 900099 25179 25179 PROCESSING FEES 900099 18308 18308 DRIVE IN AND OTHER 900099 12592 12592 56079 4569476 1015859 0 69412 169113 84557 42278 42278 671553 469188 137934 64431 14137 9348 3023 1766 140379 94934 29539 15906 62313 41202 13323 7788 126652 40665 41793 44194 60185 60185 52808 37173 448 15187 81898 81898 178857 170437 5052 3368 41473 39400 1244 829 68852 60514 8338 32571 24815 7234 522 DIRECT THEATRE PRODUCTI 254352 254352 ARTIST AND ORCHESTRA FE 100284 100284 BOX OFFICE 13756 13756 HOSPITALITY 13517 13517 2139 2139 2084839 1598364 290206 196269 745 744 12311778 13032710 1768872 1993947 8157 12335 149785 44194 4282526 1647267 2195921 2635259 1077505 1148247 17512763 18867436 366999 47765 367200 1659255 412199 2026254 827164 X 4470138 5511660 11016371 12528612 15486509 18040272 17512763 18867436 X 2484637 69126 X X 0 1 X 1 0 X 2870792 2277816 2237631 3784574 3484205 14655018 2870792 2277816 2237631 3784574 3484205 14655018 1654208 13000810 73296 68226 110249 257006 117274 626051 42682 54412 36306 53891 56079 243370 15524439 7836354 0.83740 0.79520 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 162 162 72000 72000 231 231 72000 72000 171 171 72000 72000 88 88 72000 72000 75 75 72000 1.00000 1 0 446884 411444 35440 1036963 798262 238701 483322 437561 45761 2315357 2315357 2635259 DEPOSITS AND OTHER CURRENT ASSETS 3000 BENEFICIAL INTEREST IN PERPETUAL TRUST 1049585 CASH SURRENDER VALUE OF DONATED LIFE INSURANCE POLICY 95662 1148247 DEFERRED REVENUES - SEASON TICKETS AND OTHERS 412199 412199 X 4700812 131336 131336 4569476 0 4569476 2147049 62210 62210 2084839 0 2084839 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: RENTAL EXPENSE 979. DIRECT FUNDRAISING EXPENSE 61,231. CHANGE IN VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUST 69,126. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 979. DIRECT FUNDRAISING EXPENSE 61,231. PART VI, LINE 1E, COLUMN (B): CONSTRUCTION IN PROGRESS: 2,315,357 ILIMA AWARDS 285964 255331 30633 6250 41031 5069 1790 6741 285964 255331 30633 6250 41031 5069 1790 6741 60881 -30248 X 0 0 0 0 0 0 0 0 0 GERALDINE DRAY EXECUTIVE DIRECTOR 156000 0 0 0 0 0 5200 0 7913 0 169113 0 0 0 X RECEPTION FACILITY 6 67125 FAIR MARKET VALUE X HOTEL ACCOMODATIONS 58 15522 FAIR MARKET VALUE X AIRFARE 9 9000 FAIR MARKET VALUE X BOARD MEETINGS 4 8400 FAIR MARKET VALUE X OTHER 2 6250 FAIR MARKET VALUE 0 0 1 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS OF EACH TYPE OF PROPERTY DONATED. 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 2018. 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 XI, LINE 9: CHANGE IN VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUST 69,126. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR.