2019-10-15T20:04:09-05:00 2018-12-31 205325889 ACCUITY LLP 999 BISHOP STREET STE 1900 HONOLULU HI 96813 990 2018-01-01 996064620 PARKER RANCH FOUNDATION TRUST PARK 8088857311 67-1349 ALA OHIA STREET KAMUELA HI 96743 TIMOTHY E JOHNS TRUSTEE CHAIR 8088857311 2019-10-14 1 KIM AT JONES P00940140 8085313400 72.253.96.98 2019-10-14 18:34:48 HS P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 C000E71B0E810C0CCC3D21634A5B677F6E7EE192 2018 2020-01-14 16:20:31Z X TIMOTHY E JOHNS 67-1349 ALA OHIA STREET KAMUELA HI 96743 55478449 0 X WWW.PRFT.ORG X 1992 HI PROVIDING PERPETUAL SUPPORT FOR DESIGNATED BENEFICIARIES ENGAGED IN...(CONTINUED ON SCHEDULE O) ... (CONTINUED FROM PAGE 1) HEALTHCARE, EDUCATION AND CHARITABLE PURPOSES FOR THE BENEFIT OF THE KAMUELA AREA, THROUGH THE SOUND MANAGEMENT AND PRUDENT INVESTMENT OF TRUST ASSETS. THE DESIGNATED BENEFICIARIES OF THE TRUST ARE NORTH HAWAII COMMUNITY HOSPITAL, INC., RICHARD SMART FUND, A COMPONENT OF THE HAWAII COMMUNITY FOUNDATION, HAWAII PREPARATORY ACADEMY AND PARKER SCHOOL. 3 3 0 0 353325 30160 0 0 0 0 2277840 5719855 2053821 2191155 4331661 7911010 2297398 2355684 0 0 275000 275000 0 0 0 2339742 2162019 4912140 4792703 -580479 3118307 263620482 257829648 6830879 2608540 256789603 255221108 TO PROVIDE PERPETUAL SUPPORT FOR DESIGNATED BENEFICIARIES ENGAGED IN HEALTHCARE, EDUCATION, AND CHARITABLE PURPOSES FOR THE BENEFIT OF THE KAMUELA AREA, THROUGH THE SOUND MANAGEMENT OF TRUST ASSETS. 0 0 2696630 2355684 SEE SCHEDULE O 2696630 1 0 0 0 0 0 0 1 0 0 1 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1 24 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 X 3 3 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 HI X NAHUA GUILLOZ CO PARKER RANCH 8088857311 67-1349 ALA OHIA STREET KAMUELA HI 96743 X MICHAEL W GIBSON TRUSTEE 24.00 8.00 X 90000 8500 0 TIMOTHY E JOHNS TRUSTEE 24.00 8.00 X 95000 9700 0 MICHAEL K FUJIMOTO TRUSTEE 24.00 8.00 X 90000 11100 0 275000 29300 0 0 0 0 0 GOLDMAN SACHS 85 BROAD STREET NEW YORK NY 10004 INVESTMENT MANAGEMENT 270651 CARLSMITH BALL LLP PO BOX 656 HONOLULU HI 96809 LEGAL 264842 2 1339934 22591 1317343 1358930 0 1358930 1358930 330734 1028196 51947360 47567439 4379921 4379921 4379921 TIMBER & AGGREGATE SALES 110000 723725 723725 REIMBURSEMENT OF PRIOR YEAR EXPEN 900099 108500 108500 832225 7911010 0 353325 7557685 2355684 2355684 275000 275000 263782 65946 197836 58127 58127 270651 270651 360 360 2866 2866 2628 2628 15870 15870 4764 4764 7471 7471 58300 58300 114845 114845 79801 79801 G&A ALLOCATION INTERCO 876991 876991 PROFESSIONAL FEES 143701 143701 REAL PROPERTY TAXES 117189 117189 GENERAL EXCISE & USE TA 105944 105944 38729 38729 4792703 2696630 2096073 0 X 1608997 2727624 101233 -26206 1114052 1114052 19639 19639 131892475 2325223 129629669 129567252 48047312 44327783 82648476 79696864 451104 402640 263620482 257829648 180154 186391 2355684 2404558 58143 26000 3777000 0 459898 -8409 6830879 2608540 X 256789603 255221108 256789603 255221108 263620482 257829648 X 3118307 -4637930 -48872 X X 0 1 X 1 0 X X 4 NORTH HAWAII COMMUNITY HOSPITAL 990260423 3 1 1130729 0 HAWAII COMMUNITY FOUNDATION 990261283 7 1 471137 0 HAWAII PREPARATORY ACADEMY 990078306 2 1 376909 0 PARKER SCHOOL 990329799 2 1 376909 0 4 2355684 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 402640 X X 0 128061584 128061584 3662494 2209292 1453202 115970 115931 39 52427 52427 129567252 PARKER RANCH INC. 75052047 C PRIVATE EQUITY FUNDS 4644817 F 79696864 POST-RETIRE BENEFITS PAYABLE 7502 GET PAYABLE 24191 DUE TO PARKER RANCH, INC. 600 TAX LIABILITIES (NON P/R) -40702 -8409 X PART III, LINE 4: THE FOUNDATION MAINTAINS A COLLECTION OF HISTORICAL BUILDINGS, ARTIFACTS AND HOUSEHOLD ITEMS TO EDUCATE THE PEOPLE OF HAWAII AND SHARE A VALUABLE AND UNIQUE PIECE OF HAWAII'S HISTORY WITH FUTURE GENERATIONS. THESE HISTORICAL ITEMS ARE CAREFULLY PRESERVED AND ARE SHOWCASED AT THE HEADQUARTERS OF PARKER RANCH, INC. AS WELL AS AT SELECTED LOCAL EVENTS THROUGHOUT THE YEAR. PART X, LINE 2: MANAGEMENT EVALUATED THE TAX POSITIONS OF THE TRUST AND ITS SUBSIDIARIES AS OF DECEMBER 31, 2018 AND 2017 AND FOR THE YEARS THEN ENDED, BY REVIEWING ITS INCOME TAX RETURNS AND CONFERRING WITH ITS TAX ADVISORS, AND DETERMINED THAT THEY HAD NO SIGNIFICANT UNCERTAIN TAX POSITIONS REQUIRED TO BE REPORTED IN ACCORDANCE WITH SUCH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES. THE TRUST AND ITS SUBSIDIARIES ARE SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS IN PROGRESS FOR ANY OPEN TAX PERIODS. 1 NORTH HAWAII COMMUNITY HOSPITAL 67-1125 MAMALAHOA HIGHWAY KAMUELA HI 96743 990260423 501(C)(3) 1130729 FMV GENERAL SUPPORT FOR HOSPITAL IN THE KAMUELA AREA HAWAII COMMUNITY FOUNDATION 1164 BISHOP STREET SUITE 800 HONOLULU HI 96813 990261283 501(C)(3) 471137 FMV GENERAL SUPPORT FOR FOUNDATION IN THE KAMUELA AREA HAWAII PREPARATORY ACADEMY 65-1692 KOHALA MOUNTAIN ROAD KAMUELA HI 967438476 990078306 501(C)(3) 376909 FMV GENERAL SUPPORT FOR SCHOOL IN THE KAMUELA AREA PARKER SCHOOL 65-1224 LINDSEY ROAD KAMUELA HI 96743 990329799 501(C)(3) 376909 FMV GENERAL SUPPORT FOR SCHOOL IN THE KAMUELA AREA 4 PART I, LINE 2: PRFT IS A TYPE 1 SUPPORTING ORGANIZATION AND DISTRIBUTES GRANTS TO ITS FOUR BENEFICIARY 501(C)(3) ORGANIZATIONS IN THE KAMUELA AREA. THESE RECIPIENT ORGANIZATIONS HAVE A RESPONSIBILITY TO USE CONTRIBUTIONS RECEIVED IN ACCORDANCE WITH THEIR OWN EXEMPT PURPOSE. FORM 990, PART VI, SECTION A, LINE 7A SELECTION OF TRUSTEES IS CONTROLLED BY THE CHARITABLE ORGANIZATIONS IT SUPPORTS, WITHIN THE MEANING OF IRC SECTION 509(A)(3)(B)(I) AND THE REGULATIONS THEREUNDER. FORM 990, PART VI, SECTION B, LINE 11B COPIES OF FORM 990 ARE PROVIDED TO ALL TRUSTEES OF PARKER RANCH FOUNDATION TRUST PRIOR TO FILING THE RETURN. DURING THIS TIME THE TRUSTEES ARE PROVIDED THE OPPORTUNITY TO REVIEW, COMMENT AND SUBMIT BACK TO THE TAX PREPARER ANY CHANGES OR MODIFICATIONS DEEMED APPROPRIATE. FORM 990, PART VI, SECTION B, LINE 12C THE PARKER RANCH FOUNDATION TRUST REQUIRES THAT A WRITTEN AND SIGNED CONFLICT OF INTEREST POLICY BE COMPLETED ANNUALLY IN THE BEGINNING OF THE YEAR. ALL SIGNED STATEMENTS ARE THEN REVIEWED ANNUALLY BY THE BOARD OF TRUSTEES AT THE FEBRUARY TRUSTEE MEETING. IN ADDITION, THE ORGANIZATION HAS A STANDING POLICY WHICH REQUIRES CONFLICT OF INTEREST STATEMENTS BE COMPLETELY REDONE AND RESUBMITTED ONCE ANY PARTY IS AWARE OF ANY CHANGES. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION TO THE TRUSTEES OF THE PARKER RANCH FOUNDATION TRUST IS ESTABLISHED BY THE FOUR TRUST BENEFICIARIES WHO ARE SUPPORTED ORGANIZATIONS OF THE TRUST. COMPENSATION LEVELS FOR THE TRUSTEES REMAINED UNCHANGED FROM 2012 THROUGH 2017. THE TRUST DOES NOT HAVE OFFICERS OR EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, THE CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE FOR VIEWING TO INTERESTED PARTIES UPON REQUEST. FORM 990, PART VII, SECTION A, PART B ALL TRUSTEES SPENT APPROXIMATELY 8 HOURS A WEEK ON AVERAGE ON RELATED ORGANIZATIONS. FORM 990, PART X, LINE 23 BANK LOAN FOR WHICH PRFT IS LISTED AS CO-OBLIGOR $16,000,000 OFFSET TO BANK LOAN - PORTION TO BE PAID BY CO-OBLIGOR ($16,000,000) TOTAL TO BALANCE SHEET, LINE 23 $0 FORM 990, PART XI, LINE 9: CASH BASIS PRESENTATION REV OF ACCRUED DIST TO BE PAID IN SUBSEQUENT YR -2,404,558. CASH BASIS PRESENTATION DEDUCT OF DIST PD IN CURRENT YR ACCRUED IN PRIOR YR 2,355,684. FLOW THROUGH TAX LOSS FROM GS CAPITAL PARTNERS VI PARALLEL, LP INVESTMENT ROUNDING 2. FORM 990, PART XII, LINE 2(C): THE ORGANIZATION HAS AN AUDIT COMMITTEE WHICH IS RESPONSIBLE FOR THE SELECTION OF INDEPENDENT ACCOUNTANTS AND FOR REVIEWING THE AUDITED FINANCIAL STATEMENTS. 990, PART III, LINE 4(A): PARKER RANCH FOUNDATION TRUST ("PRFT", THE "TRUST") WAS FORMED ON NOVEMBER 12, 1992. RICHARD SMART DEDICATED SUBSTANTIAL ASSETS FROM HIS PERSONAL ESTATE TO PRFT TO BE HELD FOR THE BENEFIT OF NAMED BENEFICIARIES. AT DECEMBER 31, 2015, SUCH NAMED BENEFICIARIES WERE HAWAII PREPARATORY ACADEMY, PARKER SCHOOL, NORTH HAWAII COMMUNITY HOSPITAL AND THE HAWAII COMMUNITY FOUNDATION. SUCH TRANSFERRED ASSETS WERE COMPRISED PRIMARILY OF REAL ESTATE ON THE ISLAND OF HAWAII AND RANCH ASSETS/OPERATIONS KNOWN AS "PARKER RANCH." PRFT CURRENTLY HOLDS SOME REAL ESTATE AND RANCH ASSETS/OPERATIONS AS PARKER RANCH, INC. ("PRI"); A WHOLLY-OWNED, FOR PROFIT SUBSIDIARY. PRFT IS DIRECTED BY TRUSTEES WHO ARE RESPONSIBLE FOR MANAGING THE TRUST'S ASSETS IN ACCORDANCE WITH THE TRUST AGREEMENT AND SELECTION/OVERSIGHT OF DIRECTORS AND THE MANAGEMENT TEAM THAT RUNS THE PRI OPERATIONS. PR KOHALA LLC 67-1349 ALA OHIA STREET KAMUELA HI 96743 REAL ESTATE HOLDING HI 105107 32868113 PARKER RANCH FOUNDATION TRUST PR MAUNA KEA LLC 67-1349 ALA OHIA STREET KAMUELA HI 96743 REAL ESTATE HOLDING HI 1981529 72925948 PARKER RANCH FOUNDATION TRUST PR PUU PA LLC 67-1349 ALA OHIA STREET KAMUELA HI 96743 REAL ESTATE HOLDING HI 49743 13578077 PARKER RANCH FOUNDATION TRUST PR WAIEMI LLC 67-1349 ALA OHIA STREET KAMUELA HI 96743 REAL ESTATE HOLDING HI 7704 6422984 PARKER RANCH FOUNDATION TRUST PR WAIPUNALEI LLC 67-1349 ALA OHIA STREET KAMUELA HI 96743 REAL ESTATE HOLDING HI 15395 1857900 PARKER RANCH FOUNDATION TRUST NORTH HAWAII COMMUNITY HOSPITAL 67-1125 MAMALAHOA HIGHWAY KAMUELA HI 96743 990260423 HOSPITAL HI 501(C)(3) LINE 3 0 HAWAII COMMUNITY FOUNDATION 1164 BISHOP STREET SUITE 800 HONOLULU HI 96813 990261283 FOUNDATION HI 501(C)(3) LINE 7 0 HAWAII PREPARATORY ACADEMY 65-1692 KOHALA MOUNTAIN ROAD KAMUELA HI 967438476 990078306 SCHOOL HI 501(C)(3) LINE 2 0 PARKER SCHOOL 65-1224 LINDSEY ROAD KAMUELA HI 96743 990329799 SCHOOL HI 501(C)(3) LINE 2 0 PARKER RANCH INC 67-1349 ALA OHIA STREET KAMUELA HI 96743 990322325 BEEF/CATTLE RANCHING HI PARKER RANCH FOUNDATION TRUST C -934026 86507634 1.00000 1 WAIMEA WASTEWATER COMPANY INC 67-1349 ALA OHIA STREET KAMUELA HI 96743 990322324 PUBLIC UTILITY HI PARKER RANCH INC C 83678 2114171 1.00000 1 1 0 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 PARKER RANCH INC A 350355 FMV PARKER RANCH INC D 1114052 FMV PARKER RANCH INC P 876991 FMV