2022-05-13T18:12:32-05:00 2021-06-30 261659234 CW ASSOCIATES CPAS 700 BISHOP STREET SUITE 1040 HONOLULU HI 96813 990 2020-07-01 990215841 HAWAII RESIDENCY PROGRAMS INC HAWA 8085862890 1356 LUSITANA STREET NO 507 HONOLULU HI 96813 NATALIE TALAMOA EXECUTIVE DIRECTOR 8085862890 2022-05-13 1 NATALIE TALAMOA 999009999 MELANIE A KING P00220997 8085311040 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z NATALIE TALAMOA 1356 LUSITANA STREET NO 507 HONOLULU HI 96813 21904446 0 X WWW.HAWAIIRESIDENCY.ORG X 1982 HI SEE SCHEDULE OPROVIDE RESIDENT DOCTORS WITH THE OPPORTUNITY TO FURTHER THEIR PROFESSIONAL EDUCATION THROUGH SUPERVISED CARE TO PATIENTS IN COMMUNITY HOSPITALS AND OTHER HEALTH CARE FACILITIES. 5 5 344 6 0 0 0 20625 21341243 21861508 102682 2578 0 19735 21443925 21904446 0 0 0 0 19981924 20358698 0 0 0 1282783 1393752 21264707 21752450 179218 151996 8661807 9051917 6519919 6758033 2141888 2293884 TO PROVIDE BETTER MEDICAL CARE FOR THE PEOPLE OF HAWAII BY THE ADVANCEMENT OF MEDICAL EDUCATION AND TRAINING FOR MEDICAL RESIDENTS IN THE STATE OF HAWAII. 0 0 20117669 21881243 PROVIDED POST GRADUATE MEDICAL TRAINING AND EDUCATION FOR 225 FULL-TIME EQUIVALENT RESIDENTS AND FELLOWS IN EIGHT (8) SPECIALTIES & NINE (9) SUB-SPECIALTIES INCLUDING INTERNAL MEDICINE, SURGERY, PSYCHIATRY, CHILD AND ADOLESCENT PSYCHIATRY, PATHOLOGY, OBSTETRICS/GYNECOLOGY, PEDIATRICS, ORTHOPAEDIC SURGERY, GERIATRICS, CARDIO-VASCULAR DISEASE, FAMILY MEDICINE, SURGICAL CRITICAL CARE, SPORTS MEDICINE, NEONATAL-PERINATAL MEDICINE, GERIATRIC PSYCHIATRY, ADDICTION PSYCHIATRY, AND ADDICTION MEDICINE. 20117669 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 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 1 1 0 0 0 1 19 0 344 1 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 HI X SEIKO WATANABE 8085862890 1356 LUSITANA STREET 507 HONOLULU HI 96813 RICHARD PHILPOTT DIRECTOR/CEO UNTIL DECEMBER 2020 40.00 X X 222030 0 12095 RAYMOND P VARA JR DIRECTOR, PRESIDENT 1.00 X X 0 0 0 JILL HOGGARD GREEN DIRECTOR, VICE PRESIDENT 1.00 X X 0 0 0 GARY K KAJIWARA DIRECTOR, SECRETARY/TREASURER 1.00 X X 0 0 0 JERRIS R HEDGES DIRECTOR 1.00 X 0 0 0 LEE BUENCONSEJO-LUM DIRECTOR 1.00 X 0 0 0 COURTENAY MATSU DIR OF CORP DEV/CHIEF OF STAFF 40.00 X 236456 0 18011 SEIKO WATANABE CHIEF FINANCIAL OFFICER 40.00 X 166995 0 13297 MARLENE KEAWE CHIEF OPERATING OFFICER 40.00 X 156193 0 16257 781674 0 59660 4 0 1 0 0 20625 20625 MEMBER INSTITUTIONS 611710 21511410 21511410 HAWAII DEPT OF HEALTH 611710 350098 350098 21861508 2578 2578 OTHER INCOME 900099 19735 19735 19735 21904446 21881243 0 2578 761036 761036 16341417 16031257 310160 148972 81745 67227 1919819 1896461 23358 1187454 1125743 61711 168449 153506 14943 33271 33271 67237 67237 67039 57287 9752 69853 7929 61924 26736 23624 3112 24688 22238 2450 17202 11285 5917 69755 69755 EDUCATION 402174 399763 2411 LICENSES AND FEES 154329 139415 14914 BAD DEBT EXPENSE 117108 117108 MOVING REIMBURSEMENTS 76870 76870 99041 90546 8495 21752450 20117669 1634781 0 X 963287 885603 4298014 4726429 1627238 1864201 1408991 1388305 202775 129760 364271 306652 44394 57619 117108 0 8661807 9051917 1395461 1655975 240990 225674 4883468 4876384 6519919 6758033 X 2141888 2279559 14325 2141888 2293884 8661807 9051917 151996 0 X X 1 X 0 1 0 X 200000 20625 220625 19540898 20297294 20504325 21341243 21861508 103545268 19740898 20297294 20504325 21341243 21882133 103765893 200000 200000 133528 129463 661689 584645 834594 2343919 333528 129463 661689 584645 834594 2543919 101221974 67005 67040 123006 102682 2578 362311 67005 67040 123006 102682 2578 362311 19735 19735 19807903 20364334 20627331 21443925 21904446 104147939 0.97190 0.97790 0.00350 0.00420 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 42377 31765 10612 321894 274887 47007 57619 ADVANCED DEPOSITS 4876384 4876384 X 26345247 262973 4192153 4455126 21890121 14325 14325 21904446 22935078 262973 919655 1182628 21752450 0 21752450 PART X, LINE 2: U.S. GAAP REQUIRES UNCERTAIN TAX POSITIONS TO BE RECOGNIZED IN THE CONSOLIDATED FINANCIAL STATEMENTS IF THEY ARE MORE LIKELY THAN NOT TO FAIL UPON REGULATORY EXAMINATION. MANAGEMENT HAS EVALUATED THE ORGANIZATION'S TAX POSITIONS AS OF JUNE 30, 2021 AND 2020, AND FOR THE YEARS THEN ENDED, AND DETERMINED THAT THE ORGANIZATION HAD NO UNCERTAIN TAX POSITIONS REQUIRED TO BE REPORTED IN ACCORDANCE WITH U.S. GAAP. THE ORGANIZATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS IN PROGRESS FOR ANY OPEN TAX PERIODS. PART XI, LINE 2D - OTHER ADJUSTMENTS: HRP, INC. - PROFESSIONAL LIABILITY TRUST FUND 2,942,334. HRP, INC. - GRADUATE MEDICAL EDUCATION TRUST FUND 1,249,819. PART XI, LINE 4B - OTHER ADJUSTMENTS: CHANGES IN NET ASSETS WITH DONOR RESTRICTIONS 14,325. PART XII, LINE 2D - OTHER ADJUSTMENTS: HRP, INC. - PROFESSIONAL LIABILITY TRUST FUND 919,655. X X X X 0 0 0 0 0 0 0 0 0 COURTENAY MATSU DIR OF CORP DEV/CHIEF OF STAFF 235136 0 0 0 1320 0 0 0 18011 0 254467 0 0 0 RICHARD PHILPOTT DIRECTOR/CEO UNTIL DECEMBER 2020 220710 0 0 0 1320 0 0 0 12095 0 234125 0 0 0 SEIKO WATANABE CHIEF FINANCIAL OFFICER 165675 0 0 0 1320 0 0 0 13297 0 180292 0 0 0 MARLENE KEAWE CHIEF OPERATING OFFICER 154873 0 0 0 1320 0 0 0 16257 0 172450 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS ONE CLASS OF MEMBERS. RIGHTS INCLUDE THE POWER TO CHANGE OR AMEND THE ARTICLES OF INCORPORATION AND TO PRESCRIBE THE POWERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS SET THE ARTICLES OF INCORPORATION AND THE BY-LAWS. BY VIRTUE OF THE ARTICLES OF INCORPORATION AND THE BY-LAWS, MEMBERS PROVIDE FOR THE SELECTION OF ALL DIRECTORS. DIRECTORS MAY AMEND THE BY-LAWS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS EMAILED TO EACH DIRECTOR WITH INSTRUCTIONS TO REVIEW AND SUBMIT ANY QUESTIONS, COMMENTS, OR CONCERNS TO THE EXECUTIVE DIRECTOR. ANY QUESTIONS OR CONCERNS ARE DISCUSSED WITH THE DIRECTORS AND THE TAX PREPARER. FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON HAS RECEIVED A COPY OF THE CONFLICTS OF INTEREST POLICY, HAS READ AND UNDERSTANDS THE POLICY, HAS AGREED TO COMPLY WITH THE POLICY, AND UNDERSTANDS THE ORGANIZATION IS CHARITABLE 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. IN ADDITION, THE ORGANIZATION CONDUCTS PERIODIC REVIEWS TO ENSURE THAT IT OPERATES IN COMPLIANCE WITH THIS POLICY, CONSISTENT WITH CHARITABLE PURPOSES, AND DOES NOT ENGAGE IN ACTIVITIES WHICH COULD JEOPARDIZE ITS TAX EXEMPT STATUS. FORM 990, PART VI, SECTION B, LINE 15 A) FOR CEO/EXECUTIVE DIRECTOR: IF THERE ARE PROPOSED COMPENSATION CHANGES, THE CEO/EXECUTIVE DIRECTOR SUBMITS A RECOMMENDATION BY THE COMPENSATION COMMITTEE TO THE BOARD OF DIRECTORS WHICH INCLUDES COMPENSATION HISTORY AS WELL AS LOCAL AND NATIONAL DATA ON COMPARATORS FOR SIMILAR OR CLOSELY RELATED NON-PROFIT ENTITIES. THE BOARD OF DIRECTORS REVIEWS, DISCUSSES, AND VOTES ON A COMPENSATION LEVEL. THE PROCESS IS DOCUMENTED IN THE BOARD OF DIRECTOR'S MINUTES AND WAS LAST UNDERTAKEN IN SEPTEMBER 2008. B) FOR OTHER OFFICERS, KEY EMPLOYEES AND MANAGERS, A COMPENSATION COMMITTEE REVIEWS EACH INDIVIDUAL BASED ON PERFORMANCE, STANDARDS, QUALIFICATIONS, EXPERIENCE, COMPLEXITY OF POSITION AND AVAILABLE COMPARATORS. THE PROCESS IS DOCUMENTED BY THE COMPENSATION COMMITTEE AND FINAL APPROVAL BY THE CEO/EXECUTIVE DIRECTOR. IT WAS LAST UNDERTAKEN IN JANUARY 2020. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS REQUIRED TO BE DISCLOSED TO THE PUBLIC ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST WITHIN THE TIME LIMITS REQUIRED BY LAW. DOCUMENTS MAY BE REVIEWED IN THE CORPORATE OFFICE. FORM 990, PART X FINANCIAL STATEMENT PRESENTATION: THE AUDITED FINANCIAL STATEMENTS ARE A CONSOLIDATION OF HAWAII RESIDENCY PROGRAMS, INC. (EIN: 99-0215841), HAWAII RESIDENCY PROGRAMS, INC. TRUST FOR PROFESSIONAL LIABILITY ("PLT")(EIN: 99-0257950), AND HAWAII RESIDENCY PROGRAMS, INC. TRUST FOR GRADUATE MEDICAL EDUCATION ("GMET")(EIN: 26-6303324). PLT AND GMET EACH FILE A SEPARATE FORM 990. THEREFORE, THIS RETURN REFLECTS HAWAII RESIDENCY PROGRAMS, INC.'S BALANCE SHEET ON A STAND ALONE BASIS NOT INCLUDING ASSETS, LIABILITIES, AND FUND BALANCES OF PLT OR GMET. THE PRESENTATION OF THE TAX RETURN HAS NOT CHANGED SINCE THE PRIOR YEAR. FORM 990, PART XII, LINE 2C THE ORGANIZATION'S DIRECTORS APPOINT THE MEMBERS OF THE OPERATIONS AND FINANCE COMMITTEE: THESE COMMITTEE MEMBERS ALSO SERVE AS AD-HOC AUDIT COMMITTEE. THE AUDIT COMMITTEE ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE FINANCIAL STATEMENT REVIEW AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE OVERSIGHT PROCESS OF THE REVIEW OF THE FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM PRIOR YEARS. HRP INC TRUST FOR GRADUATE MEDICAL EDUCATION C/O FHB PO BOX 3708 HONOLULU HI 96811 266303324 ENSURE THE CONTINUITY & EXCELLENCE OF GRADUATE MED. EDUCATION IN HAWAII HI 501(C)(3) 11A SUPPORT - TYPE 1 HAWAII RESIDENCY PROGRAMS INC 1 HRP INC TRUST FOR PROFESSIONAL LIABILITY C/O FHB PO BOX 3708 HONOLULU HI 96811 990257950 RESERVE AGAINST POTENTIAL MEDICAL MALPRACTICE LIABILITIES AGAINST HRP HI 501(C)(3) 11A SUPPORT - TYPE 1 HAWAII RESIDENCY PROGRAMS INC 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0