2024-11-15T13:50:47-06:00 2023-12-31 990292355 KKDLY LLC 745 FORT ST STE 2100 HONOLULU HI 96813 990 2023-01-01 990040323 HAWAII VISITORS AND CONVENTION BUREAU HAWA 8089231811 2270 KALAKAUA AVENUE 801 HONOLULU HI 96815 TOM MULLEN SR VP, COO 8089231811 2024-11-14 0 1 QIANYING NICHOLS P01236169 8085213962 2024-11-14 2023 2024-10-15 13:58:12Z AARON SALA 2270 KALAKAUA AVENUE 801 HONOLULU HI 96815 39327702 0 X WWW.HVCB.ORG, WWW.GOHAWAII.COM X 1903 HI TO CREATE SUSTAINABLE, DIVERSIFIED, LEISURE AND BUSINESS TRAVEL DEMAND FOR THE HAWAIIAN ISLANDS. 25 24 65 24 782491 146915 27232227 35957899 3044856 2902782 161934 462298 128348 4723 30567365 39327702 2667029 3905194 0 0 8141455 9549398 0 0 0 18747559 25957141 29556043 39411733 1011322 -84031 11836453 17524510 5502956 11571070 6333497 5953440 AS THE TOURISM MARKETING ORGANIZATION FOR THE STATE OF HAWAII, THE MISSION OF THE HAWAII VISITORS AND CONVENTION BUREAU IS TO CREATE SUSTAINABLE, DIVERSIFIED, LEISURE AND BUSINESS TRAVEL DEMAND FOR THE HAWAIIAN ISLANDS. 0 0 THE HAWAII VISITORS AND CONVENTION BUREAU (HVCB) REPRESENTS THE ISLANDS OF HAWAII IN A HIGHLY COMPETITIVE ARENA OF DESTINATION MARKETING. HVCB PROMOTES LEISURE AND BUSINESS TRAVEL, INCLUDING MEETINGS AND CONVENTIONS, AND ACTS AS A CATALYST FOR IMPROVING AND EXPANDING HAWAII'S WIDE-RANGING PRODUCT OFFERINGS AND EXPERIENCES, WHILE CREATING ECONOMIC OPPORTUNITIES THROUGH TOURISM. HVCB IS ALSO CONTRACTED TO MARKET THE ISLANDS UNDER THE AUSPICES OF THE HAWAII TOURISM AUTHORITY, WHICH HAS GLOBAL OVERSIGHT MATTERS CONCERNING THE VISITOR INDUSTRY. 0 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 74 0 1 65 1 1 1 0 0 0 0 0 0 0 X 25 24 0 0 0 0 1 0 0 1 1 0 1 1 0 1 1 0 1 0 1 0 0 HI X DONNA MAE VALENCIANO 8089231811 2270 KALAKAUA AVENUE SUITE 801 HONOLULU HI 96815 JOHN MONAHAN PRESIDENT, CEO 37.50 X X 533248 0 28788 SEAN DEE CHAIR 0.50 X 0 0 0 ARTHUR AIU DIRECTOR 0.50 X 0 0 0 DUKE AH MOO DIRECTOR 0.50 X 0 0 0 JIM BRAMAN KAUAI CHAPTER CHAIR 0.50 X 0 0 0 TOM CALAME DIRECTOR 0.50 X 0 0 0 CATHERINE CAMBRA HAWAII CHAPTER CHAIR 0.50 X 0 0 0 CELESTE CONNORS DIRECTOR 0.50 X 0 0 0 GREG DICKHENS DIRECTOR 0.50 X 0 0 0 BRADLEY DOELL HAWAII CHAPTER DIRECTOR 0.50 X 0 0 0 JOHN FINK DIRECTOR 0.50 X 0 0 0 JERRY GIBSON DIRECTOR 0.50 X 0 0 0 JOE IBARRA OAHU CHAPTER DIRECTOR 0.50 X 0 0 0 STEPHEN KAAA FINANCE CHAIR 0.50 X 0 0 0 JILL LOWRY KAUAI CHAPTER DIRECTOR 0.50 X 0 0 0 JONATHAN MCMANUS DIRECTOR 0.50 X 0 0 0 AVI MANNIS DIRECTOR 0.50 X 0 0 0 JOHAN MARZUKI DIRECTOR 0.50 X 0 0 0 GREGG NELSON MAUI CHAPTER CHAIR 0.50 X 0 0 0 SWEETIE NELSON OAHU CHAPTER CHAIR 0.50 X 0 0 0 CHRIS RABANG MAUI CHAPTER DIRECTOR 0.50 X 0 0 0 AARON SALA DIRECTOR 0.50 X 0 0 0 SUSIE SAXTEN DIRECTOR 0.50 X 0 0 0 DONALD TAKAKI COMPENSATION CHAIR 0.50 X 0 0 0 ELLIOT MILLS PAST CHAIR/MARKETING CHAIR 0.50 X 0 0 0 TOM MULLEN SR VP, COO 37.50 X 347322 0 28139 JAY TALWAR SR VP, CMO 37.50 X 322571 0 23843 JOHN REYES SR VP, MCI SALES 37.50 X 422238 0 23747 BARBARA OKAMOTO VP, CRM 37.50 X 250503 0 19193 SA TAALA CORPORATE SECRETARY 37.50 X 94154 0 16416 SUSAN KANOHO EXECUTIVE DIRECTOR, KAUAI 37.50 X 212931 0 11718 KARA IMAI SR DIRECTOR DIGITAL MARKETING 37.50 X 208340 0 30050 LYNN WHITEHEAD SR DIRECTOR, CITYWIDE SALES 37.50 X 197120 0 10692 ADRIENNE NUDO SR DIRECTOR, CITYWIDE SALES 37.50 X 189447 0 29047 ROBYN BASSO SR DIRECTOR, TRAVEL TRADE 37.50 X 174018 0 14743 GINA CHUN SR DIRECTOR CONSUMER MARKETING 37.50 X 165839 0 18615 JERRY ESLINGER SR DIRECTOR, MARKET INSIGHTS & CRM 37.50 X 164189 0 18515 3281920 0 273506 27 0 1 0 OMD USA LLC 437 MADISON AVENUE NEW YORK NY 10022 ADVERTISING 7002697 DANIEL J EDELMAN INC 250 HUDSON STREET NEW YORK NY 10013 ADVERTISING 4912173 ANTHOLOGY MARKETING GROUP INC 1003 BISHOP STREET STE 900 HONOLULU HI 96813 PUBLIC RELATIONS 1168821 MILICI VALENTI NG PACK INC 745 FORT STREET STE 900 HONOLULU HI 96813 ADVERTISING 1084852 MILES PARTNERSHIP 6751 PROFESSIONAL PARKWAY STE 200 SARASOTA FL 34240 MARKETING 507780 37 35957899 35957899 SUBSCRIPTIONS 713990 2634234 1851743 782491 ADMINISTRATIVE FEE - SALES AND MA 561499 268548 268548 2902782 462298 462298 OTHER REVENUE 900099 4723 4723 4723 39327702 2125014 782491 462298 3905194 2573201 5606360 267570 638818 463449 36663 195222 313440 20292587 379133 1094540 869942 859848 12566 95037 11495 FUNCTIONS 1014077 STAFFING AND OFFICE 609014 RESEARCH 173577 39411733 551323 338092 7912850 13573496 2328191 2355813 302088 686901 2747202 2631837 170690 115365 571311 454843 11836453 17524510 3316781 6091226 1511651 4912303 674524 567541 5502956 11571070 X 6333497 5953440 6333497 5953440 11836453 17524510 X -84031 -296026 0 X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 1 0 0 1045609 1000727 44882 987280 926159 61121 714313 704951 9362 115365 OPERATING LEASE LIABILITIES 463847 OTHER LIABILITIES 103694 567541 X 39059154 0 39059154 268548 268548 39327702 39143185 0 39143185 268548 268548 39411733 PART X, LINE 2: THE BUREAU IS AN ORGANIZATION EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE AND IS GENERALLY NOT SUBJECT TO FEDERAL INCOME TAXES. HOWEVER, THE BUREAU IS SUBJECT TO INCOME TAXES ON ANY NET INCOME THAT IS DERIVED FROM A TRADE OR BUSINESS, REGULARLY CARRIED ON, AND NOT IN FUTHERANCE OF THE PURPOSES FOR WHICH IT WAS GRANTED EXEMPTION. NO INCOME TAX PROVISION HAS BEEN RECORDED AS THE NET INCOME, IF ANY, FROM ANY UNRELATED TRADE OR BUSINESS, IN THE OPINION OF MANAGEMENT, IS NOT MATERIAL TO THE BASIC FINANCIAL STATEMENTS TAKEN AS A WHOLE. PART XI, LINE 4B - OTHER ADJUSTMENTS: RECLASS OF PROGRAM SERVICE REVENUE FROM EXPENSE 268,548. PART XII, LINE 4B - OTHER ADJUSTMENTS: RECLASS OF PROGRAM REVENUE TO REVENUE 268,548. 1 HAWAII ACADEMY OF RECORDING ARTS PO BOX 821 HONOLULU HI 96808 990210166 501(C )(3) 50000 0 COMMUITY ENRICHMENT EPIC SPORTS FOUNDATION 58-034 KAPUAI PLACE HALEIWA HI 96712 200624761 501(C )(3) 35000 0 COMMUITY ENRICHMENT ODKF SUPPORT INC 4348 WAIALAE AVENUE 483 HONOLULU HI 96816 272850859 501(C )(3) 65000 0 COMMUITY ENRICHMENT ALOHA WEEK HAWAII INC C/O 2250 KALAKAUA AVENUE STE 315 HONOLULU HI 96815 990078969 501(C )(3) 100000 0 COMMUITY ENRICHMENT HAWAII INTERNATIONAL FILM FESTIVAL 680 IWILEI ROAD STE 100 HONOLULU HI 96817 990280373 501(C )(3) 150000 0 COMMUITY ENRICHMENT HAWAII AG AND CULINARY ALLIANCE 3538 WAIALAE AVENUE STE 202 HONOLULU HI 96816 460618609 501(C )(3) 350000 0 COMMUITY ENRICHMENT THE IRONMAN FOUNDATION INC 3407 W DR MRTIN LUTHER KING JR BLVD STE 100 TAMPA FL 33607 651172979 501(C )(3) 500000 0 COMMUITY ENRICHMENT CHAMINADE UNIVERSITY OF HONOLULU 3140 WAIALAE AVENUE CHING 211 HONOLULU HI 96816 990272261 501(C )(3) 200000 0 COMMUITY ENRICHMENT TEACH FOR AMERICA INC 25 BROADWAY 12TH FL NEW YORK NY 10004 133541913 501(C )(3) 300000 0 COMMUITY ENRICHMENT MOANALUA GARDENS FOUNDATION INC 1414 DILLINGHAM BLVD STE 211 HONOLULU HI 96817 990143900 501(C )(3) 100000 0 COMMUITY ENRICHMENT KALIHI-PALAMA CULTURE & ARTS SOCIETY INC 357 N KING STREET HONOLULU HI 96817 237154899 501(C )(3) 100000 0 COMMUITY ENRICHMENT KANU HAWAII 1050 QUEEN STREET 100 HONOLULU HI 96814 205552831 501(C )(3) 40000 0 COMMUITY ENRICHMENT POLYNESIAN FOOTBALL HALL OF FAME 4348 WAIALAE AVENUE 705 HONOLULU HI 96816 463158865 501(C )(3) 25000 0 COMMUITY ENRICHMENT KI-HO ALU FOUNDATION INC PO BOX 704 KANEOHE HI 96744 950359513 501(C )(3) 48000 0 COMMUITY ENRICHMENT KAIKEHA INC PO BOX 208 LIHUE HI 96766 833603397 501(C )(3) 17500 0 COMMUITY ENRICHMENT RICE STREET BUSINESS ASSOCIATION 2959 UMI STREET STE 202 LIHUE HI 96766 832093049 501(C )(3) 23500 0 COMMUITY ENRICHMENT KAUAI SOTO ZEN TEMPLE 1-3500 KAUMUALII HWY HANAPEPE HI 96716 996015829 501(C )(3) 10000 0 COMMUITY ENRICHMENT ANAINA HOU COMMUNITY PARK 5-2723 KUHIO HWY KILAUEA HI 96754 900819688 501(C )(3) 19000 0 COMMUITY ENRICHMENT MALIE FOUNDATION PO BOX 13 KAPAA HI 96746 205148091 501(C )(3) 25000 0 COMMUITY ENRICHMENT KAUAI ECONOMIC DEVELOPMENT BOARD PO BOX 3921 LIHUE HI 96766 990231581 501(C )(3) 43500 0 COMMUITY ENRICHMENT KA IMI NAAUAO O HAWAII NEI INSTITUTE PO BOX 1686 KAPAA HI 96746 990173801 501(C )(3) 11000 0 COMMUITY ENRICHMENT KAUAI MARATHON PO BOX 573 KOLOA HI 96756 264084075 501(C )(3) 49800 0 COMMUITY ENRICHMENT KAUAI JAPANESE CULTURAL SOCIETY INC PO BOX 202 KALAHEO HI 96741 474374055 501(C )(3) 25000 0 COMMUITY ENRICHMENT ARTS KAUAI 4762 HAUAALA RD KAPAA HI 96746 833528501 501(C )(3) 7500 0 COMMUITY ENRICHMENT HANAPEPE ECONOMIC ALLIANCE PO BOX 934 HANAPEPE HI 96716 990327368 501(C )(3) 71000 0 COMMUITY ENRICHMENT HISTORIC WAIMEA THEATER & CULTURAL ARTS CENTER PO BOX 903 WAIMEA HI 96796 651318126 501(C )(3) 101600 0 COMMUITY ENRICHMENT POIPU BEACH FOUNDATION PO BOX 730 POIPU HI 96756 990350383 501(C )(3) 51000 0 COMMUITY ENRICHMENT THE GARDEN ISLAND ARTS COUNCIL PO BOX 827 LIHUE HI 96766 990190207 501(C )(3) 35000 0 COMMUITY ENRICHMENT ACCESURF HAWAII INC PO BOX 15152 HONOLULU HI 96830 204420646 501(C )(3) 33000 0 COMMUITY ENRICHMENT HAWAII BICYCLING LEAGUE 3442 WAIALAE AVENUE STE 1 HONOLULU HI 96816 990250682 501(C )(3) 35000 0 COMMUITY ENRICHMENT LANIKAI ATHLETIC CLUB 111 HEKILI STREET STE A PMB 1846 KAILUA HI 96734 823070233 501(C )(3) 15000 0 COMMUITY ENRICHMENT HAWAII FOREST INSTITUTE PO BOX 66 OOKALA HI 96774 900108457 501(C )(3) 8500 0 COMMUITY ENRICHMENT HAWAII LGBT LEGACY FOUNDATION PO BOX 23300 HONOLULU HI 96823 223969736 501(C )(3) 35000 0 COMMUITY ENRICHMENT NATIVE HAWAIIAN HOSPITALITY ASSOCIATION 2201 KALAKAUA AVENUE STE A500 HONOLULU HI 96815 943274994 501(C )(3) 50000 0 COMMUITY ENRICHMENT HAWAII KOREAN CHAMBER OF COMMERCE FOUNDATION PO BOX 2296 HONOLULU HI 96804 815384641 501(C )(3) 50000 0 COMMUITY ENRICHMENT KUMU KAHUA THEATRE 46 MERCHANT STREET HONOLULU HI 96813 990203747 501(C )(3) 20000 0 COMMUITY ENRICHMENT MOILIILI FESTIVALS 902 UNIVERSITY AVENUE HONOLULU HI 96826 822550776 501(C )(3) 14138 0 COMMUITY ENRICHMENT BISHOP MUSEUM 1525 BERNICE STREET HONOLULU HI 96817 990161980 501(C )(3) 30000 0 COMMUITY ENRICHMENT MAUKA TO MAKAI MAKAHA FOUNDATION PO BOX 1006 WAIANAE HI 96792 861745283 501(C )(3) 60000 0 COMMUITY ENRICHMENT HAWAII UNITED OKINAWA ASSOCIATION 94-587 UKEE STREET WAIPAHU HI 96797 990290923 501(C )(3) 50000 0 COMMUITY ENRICHMENT KALA FOUNDATION PO BOX 2416 EWA BEACH HI 96706 845047229 501(C )(3) 30000 0 COMMUITY ENRICHMENT HALEIWA WAIALUA HISTORICAL SOCIETY PO BOX 1055 WAIALUA HI 96791 871657213 501(C )(3) 10000 0 COMMUITY ENRICHMENT HIIPAKA LLC DBA WAIMEA VALLEY 59-864 KAMEHAMEHA HIGHWAY HALEIWA HI 96712 261537168 501(C )(3) 25000 0 COMMUITY ENRICHMENT HANA ARTS PO BOX 686 HANA HI 96713 990340564 501(C )(3) 32500 0 COMMUITY ENRICHMENT MAUI ARTS & CULTURAL CENTER ONE CAMERON WAY KAHULUI HI 96732 990222998 501(C )(3) 49000 0 COMMUITY ENRICHMENT HUI NOEAU VISUAL ARTS CENTER 2841 BALDWIN AVENUE MAKAWAO HI 96768 996012378 501(C )(3) 69000 0 COMMUITY ENRICHMENT ARTS EDUCATION FOR CHILDREN GROUP PO BOX 10756 LAHAINA HI 96761 943266739 501(C )(3) 32500 0 COMMUITY ENRICHMENT LOKAHI PACIFIC 1935 MAIN STREET WAILUKU HI 96793 991046837 501(C )(3) 85280 0 COMMUITY ENRICHMENT HAWAIIAN OUTRIGGER CANOE VOYAGING SOCIETY PO BOX 763 KIHEI HI 96753 204866912 501(C )(3) 30000 0 COMMUITY ENRICHMENT MAUI POPS ORCHESTRA INC 95 MAHALANI STREET 6 WAILUKU HI 96793 830398324 501(C )(3) 13500 0 COMMUITY ENRICHMENT LANAI CULTURE & HERITAGE CENTER PO BOX 631500 LANAI CITY HI 96763 760847875 501(C )(3) 25000 0 COMMUITY ENRICHMENT YOUTH IN MOTION PO BOX 1066 KAUNAKAKAI HI 96748 912015308 501(C )(3) 67322 0 COMMUITY ENRICHMENT HAWAII ISLAND PACIFIC & ASIA CULTURAL CELEBRATION INC 75-5660 KOPIKO STREET C7-321 KAILUAKONA HI 96740 812832334 501(C )(3) 30000 0 COMMUITY ENRICHMENT HAWAII KEIKI MUSEUM 74-5533 LUHIA STREET BOX 14 KAILUAKONA HI 96740 862171601 501(C )(3) 10000 0 COMMUITY ENRICHMENT HAWAII PERFORMING ARTS FESTIVAL INC 340 OLD MILL ROAD SPACE 266 SANTA BARBARA CA 93110 861138670 501(C )(3) 60000 0 COMMUITY ENRICHMENT NAALEHU THEATRE PO BOX 1013 CAPTAIN COOK HI 96704 990319814 501(C )(3) 24000 0 COMMUITY ENRICHMENT HAWAIIAN INTERNATIONAL BILLFISH ASSOCIATION PO BOX 29638 HONOLULU HI 96820 990159196 501(C )(4) 9000 0 COMMUITY ENRICHMENT KAI OPUA CANOE CLUB PO BOX 3079 KAILUAKONA HI 96745 237180668 501(C )(3) 50000 0 COMMUITY ENRICHMENT KAILUA VILLAGE BUSINESS IMPROVEMENT DISTRICT INC 75-5751 KUAKINI HWY 202 KAILUAKONA HI 96740 300465878 501(C )(3) 22665 0 COMMUITY ENRICHMENT VOLCANO ART CENTER PO BOX 129 VOLCANO HI 96785 990162321 501(C )(3) 14000 0 COMMUITY ENRICHMENT KONA COFFEE CULTURAL FESTIVAL PO BOX 1112 KAILUAKONA HI 96745 990200605 501(C )(3) 75000 0 COMMUITY ENRICHMENT KONA CACAO ASSOCIATION INC PO BOX 365 KEALAKEKUA HI 96750 201892072 501(C )(3) 10500 0 COMMUITY ENRICHMENT MERRIE MONARCH FESTIVAL 865 PIILANI STREET HILO HI 96720 990157105 501(C )(3) 120000 0 COMMUITY ENRICHMENT BIG ISLAND RESOURCE CONSERVATION & DEVELOPMENT COUNCIL 200 KANOELEHUA AVE PMB 285 HILO HI 96720 990279188 501(C )(3) 6000 0 COMMUITY ENRICHMENT HAWAII AGRICULTURAL FOUNDATION 3538 WAIALAE AVENUE 203 HONOLULU HI 96816 260639538 501(C )(3) 9000 0 COMMUITY ENRICHMENT KAHULI LEO LEA 47-4330 HUI NENE STREET KANEOHE HI 96844 843718571 501(C )(3) 15000 0 COMMUITY ENRICHMENT KAUAI MUSEUM ASSOCIATION LTD 4428 RICE STREET LIHUE HI 96766 990105151 501(C )(3) 5850 0 COMMUITY ENRICHMENT 66 1 PART I, LINE 2: HVCB MANAGED MULTIPLE TYPES OF COMMUITY ENRICHMENT PROGRAMS ON BEHALF OF THE HAWAII TOURISM AUTHORITY. COMMUNITY-BASED ORGANZIATIONS WERE FUNDED BASED UPON APPLICATIONS SUBMITTED IN RESPONSE TO A RFP. EACH ISLAND HAD A DESIGNATED ISLAND CHAPTER MANAGER THAT WORKED WITH A SELECTION COMMITTEE AND THE INDIVIDUAL ORGANIZATIONS. HVCB MANAGED THE OVERALL ADMINISTRATION AND COORDINATION OF THE WORKPLAN AND SCHEDULE, WHICH INCLUDED THE RFP ANNOUNCEMENT AND PUBLIC INFORMATION SHARED, PUBLIC BRIEFINGS/PRESENTATIONS, AND CREATION OF TEMPLATE FORMS AND REPORTS. ISLAND CHAPTERS MANAGED THE SELECTION PROCESS, WORKED WITH THE FUNDED ORGANIZATION ON FULFILLMENT REQUIREMENTS, REVIEWED/ATTENDED PROGRAMS AND EVENTS, AND TRACKED AND ENSURED FINAL REPORTS WERE CORRECTLY DONE. X X 1 0 X X X 0 0 0 JOHN MONAHAN PRESIDENT, CEO 342248 0 158384 0 32616 0 13900 0 14888 0 562036 0 0 0 JOHN REYES SR VP, MCI SALES 328692 0 91260 0 2286 0 13900 0 9847 0 445985 0 0 0 TOM MULLEN SR VP, COO 229549 0 110585 0 7188 0 13900 0 14239 0 375461 0 0 0 JAY TALWAR SR VP, CMO 231600 0 84983 0 5988 0 13696 0 10147 0 346414 0 0 0 BARBARA OKAMOTO VP, CRM 175379 0 71663 0 3461 0 11542 0 7651 0 269696 0 0 0 KARA IMAI SR DIRECTOR DIGITAL MARKETING 159245 0 48681 0 414 0 10769 0 19281 0 238390 0 0 0 SUSAN KANOHO EXECUTIVE DIRECTOR, KAUAI 171243 0 39402 0 2286 0 10377 0 1341 0 224649 0 0 0 ADRIENNE NUDO SR DIRECTOR, CITYWIDE SALES 158267 0 31000 0 180 0 9982 0 19065 0 218494 0 0 0 LYNN WHITEHEAD SR DIRECTOR, CITYWIDE SALES 165346 0 31000 0 774 0 9982 0 710 0 207812 0 0 0 ROBYN BASSO SR DIRECTOR, TRAVEL TRADE 135552 0 38052 0 414 0 5271 0 9472 0 188761 0 0 0 GINA CHUN SR DIRECTOR CONSUMER MARKETING 128976 0 36089 0 774 0 8980 0 9635 0 184454 0 0 0 JERRY ESLINGER SR DIRECTOR, MARKET INSIGHTS & CRM 127944 0 35471 0 774 0 9059 0 9456 0 182704 0 0 0 PART I, LINE 1A: SOCIAL CLUB DUES ARE APPROVED TO THE CEO. THE MEMBERSHIP IS TREATED AS TAXABLE COMPENSATION TO THE CEO. DISCRETIONARY SPENDING ACCOUNTS ARE PROVIDED TO OFFICERS. THESE AMOUNTS ARE TREATED AS TAXABLE COMPENSATION TO THE LISTED PERSONS WHO RECEIVE THEM. FORM 990, PART VI, SECTION A, LINE 6 HVCB IS A MEMBER ORGANIZATION WITH 1,031 MEMBERS. MEMBERS ARE BUSINESSES IN THE STATE OF HAWAII THAT ARE ASSOCIATED WITH THE HAWAII TOURISM INDUSTRY, BENEFIT FROM IT, OR WANT TO SUPPORT IT. HVCB HAS ONE CLASS OF MEMBERS, ALL WITH THE SAME BENEFITS AND RIGHTS. ACTIVE MEMBERS ARE ELIGIBLE FOR NOMINATION TO SERVE ON THE HVCB BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF THE FORM 990 IS REVIEWED BY THE SENIOR VP, COO PRIOR TO FILING. THE FORM 990 IS NOT REVIEWED BY THE BOARD PRIOR TO FILING BUT WILL BE DISCUSSED WITH THE FINANCE COMMITTEE BOARD MEMBERS SUBSEQUENT TO THE FILING DATE. FORM 990, PART VI, SECTION B, LINE 12 HCVB HAS A CONFLICT OF INTEREST POLICY THAT IS SIGNED ANNUALLY BY ALL EMPLOYEES, OFFICERS, AND THE BOARD OF DIRECTORS. ALL POLICIES ARE REVIEWED BY THE DIRECTOR OF HUMAN RESOURCES TO DETERMINE IF ANY CONFLICTS OF INTEREST EXIST. ALL POTENTIAL CONFLICTS OF INTEREST ARE THEN REVIEWED BY THE PRESIDENT, WHO DETERMINES WHAT APPROPRIATE ACTION, IF ANY, NEEDS TO BE TAKEN. OFFICERS, DIRECTORS AND KEY EMPLOYEES WHO HAVE A CONFLICT INFORM THE BOARD AND RECUSE THEMSELVES FROM THE DELIBERATION AND DECISION MAKING PROCESSES. FORM 990, PART VI, SECTION B, LINE 15A HCVB HAS A COMPENSATION COMMITTEE, COMPRISED SOLELY OF INDEPENDENT MEMBERS INCLUDING AN INDEPENDENT COMPENSATION EXPERT THAT APPROVES THE COMPENSATION OF THE HVCB PRESIDENT AND CEO. THE INDEPENDENT COMPENSATION EXPERT IS PROVIDED BY THE HAWAII EMPLOYERS COUNCIL, A NON-PROFIT ORGANIZATION THAT PROVIDES ADVICE TO EMPLOYERS ON COMPENSATION AND LABOR MATTERS, AS WELL AS COMPARABILITY DATA AND WAGE SURVEYS. THE COMPENSATION COMMITTEE MET TO REVIEW THE SALARY OF HVCB'S PRESIDENT AND CEO IN APRIL 2023. THE COMPENSATION COMMITTEE CONSISTS OF THE INDEPENDENT COMPENSATION EXPERT, AND TWO CURRENT BOARD MEMBERS. COMPARABILITY DATA, INCLUDING SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS, IS USED IN DETERMINING REASONABLE COMPENSATION. THE COMMITTEE'S WRITTEN RECORDS INCLUDE THE (1) TERMS OF THE ARRANGEMENT WITH THE PRESIDENT (INCLUDING THE DATE THE ARRANGEMENT WAS APPROVED); (2) A LIST OF MEMBERS PRESENT DURING THE DEBATE ON THE TRANSACTION (AND HOW THE MEMBERS VOTED WHEN IT WAS APPROVED); (3) A DESCRIPTION OF THE COMPARABLE DATA RELIED UPON BY THE COMMITTEE; AND (4) ANY ACTIONS TAKEN WITH RESPECT TO CONSIDERATION OF THE TRANSACTIONS BY MEMBERS OF THE COMMITTEE WHO HAD A CONFLICT OF INTEREST WITH RESPECT TO THE TRANSACTION. DELIBERATIONS AND DECISIONS OF THE COMPENSATION COMMITTEE ARE DOCUMENTED BY THE MINUTES WHICH ARE APPROVED AT THE NEXT COMMITTEE MEETING. AN EVALUATION OF THE COMPENSATION FOR OTHER OFFICERS AND KEY EMPLOYEES WAS UNDERTAKEN IN APRIL 2023. THE HVCB CEO AND HVCB HR DIRECTOR REVIEWS AND APPROVES COMPENSATION OF THE OTHER HVCB OFFICERS AND KEY HVCB EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 WHILE FEDERAL TAX LAWS DO NOT MANDATE THAT THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS BE MADE AVAILABLE FOR PUBLIC INSPECTION, THE ORGANIZATION MAKES ITS FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 8: CERTAIN AMOUNTS IN THE DECEMBER 31, 2022 FINANCIAL STATEMENTS HAVE BEEN RESTATED TO CORRECT AN ERROR FOR AN UNDERSTATEMENT OF THE HVCB'S ACCRUED EXPENSES.