2022-04-16T15:53:38-05:00 2021-05-31 261659234 CW ASSOCIATES CPAS 700 BISHOP STREET SUITE 1040 HONOLULU HI 96813 990 2020-06-01 990197758 HAWAII OPERA THEATRE HAWA 8085967372 848 SOUTH BERETANIA STREET NO 301 HONOLULU HI 96813 ANDREW MORGAN GENERAL DIRECTOR 8085967372 2022-04-16 1 ANDREW MORGAN 999009999 MELANIE A KING P00220997 8085311040 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z ANDREW MORGAN 848 SOUTH BERETANIA STREET NO 301 HONOLULU HI 96813 2319781 0 X WWW.HAWAIIOPERA.ORG X 1980 HI PRESENT OPERA PERFORMANCES AND EDUCATION PROGRAMS THAT IMPROVE LIVES THROUGH OPERA. 33 33 59 40 0 0 1724983 1411460 508069 31207 194962 120904 405070 275162 2833084 1838733 0 0 0 0 1839062 1079725 0 0 383399 1587196 1107689 3426258 2187414 -593174 -348681 7804082 8772899 2668994 2674680 5135088 6098219 X TO USE SOUND BUSINESS PRACTICE TO PRESENT A BROAD SPECTRUM OF WORLD-CLASS OPERA AND MUSIC-THEATRE, AS WELL AS A WIDE RANGE OF EDUCATIONAL AND ARTISTIC OPPORTUNITIES, TO THE WHOLE STATE OF HAWAII. 0 0 1083591 30105 OPERA PERFORMANCES: HOT'S 2020-2021 SEASON WAS WHOLLY IMPACTED BY THE COVID-19 PANDEMIC, RESULTING IN THE CESSATION OF ALL IN-PERSON PUBLIC ACTIVITIES, INCLUDING PERFORMANCES AND EDUCATION OUTREACH, FOR THE ENTIRE SEASON. INSTEAD, THE COMPANY PIVOTED TO CREATE A DIGITAL STUDIO WITHIN ITS REHEARSAL SPACE LOCATED IN HAWAII OPERA PLAZA, A BUILDING OWNED BY HOT. THE COMPANY CREATED OVER 30 HOURS OF ORIGINAL CREATIVE CONTENT FOR ITS NEW HOT DIGITAL PLATFORM OVER THE COURSE OF THE SEASON, ENGAGING WORLD-CLASS ARTISTS, INCLUDING DIRECTORS, CONDUCTORS, SINGERS, DESIGNERS AND VIDEOGRAPHERS; PROFESSIONAL MEMBERS OF THE HAWAII SYMPHONY ORCHESTRA; AND VOLUNTEERS TO SUPPORT ALL ACTIVITIES. CONTENT FOR HOT DIGITAL INCLUDED LEE HOIBY'S "BON APPETIT!; AN ORIGINAL HALLOWEEN-THEMED PROGRAM, "CHICKEN SKIN SERENADES; MENOTTI'S "AMAHL AND THE NIGHT VISITORS; MOZART'S "BASTIEN & BASTIENNE; AND THE WORLD PREMIERE OF LAURA KAMINSKY AND KIMBERLY REED'S "HOMETOWN TO THE WORLD", A CO-COMMISSION BETWEEN HOT AND THE SANTA FE OPERA. ADDITIONAL CONTENT INCLUDED "OPERA KANIKAPILA WITH QUINN KELSEY AND TAIMANE AND NUMEROUS SHORT-FORMAT VIDEOS THAT SUPPORTED THOSE MAIN PRODUCTIONS. OVER THE SEASON, 9600 PEOPLE FROM OVER 100 COUNTRIES VISITED THE HOT DIGITAL SITE OVER 28,000 TIMES AND MORE THAN 850 HOURS OF WATCH-TIME. 371971 8765 EDUCATION PROGRAM:HOT'S EDUCATION PROGRAMS WERE EQUALLY IMPACTED BY THE COVID-19 PANDEMIC DURING THE 2020-2021 SEASON. PRE-COVID, PROGRAMS REGULARLY REACHED OVER 20,000 CHILDREN AND COMMUNITY MEMBERS THROUGHOUT THE STATE OF HAWAII. BUT EDUCATION ACTIVITIES REMAINED ROBUST DESPITE THE PIVOT TO DIGITAL DELIVERY AND REMOTE LEARNING. THE DEPARTMENT CREATED HOURS OF DIGITAL CONTENT. THE SEASON BEGAN IN JUNE 2020 WHEN HOT'S EDUCATION DEPARTMENT JOINED FORCES WITH THE HAWAII OPERA YOUTH CHORUS IN A VIRTUAL PRODUCTION OF NEAL MCKAY'S "LAIKEIKAWAI." THIS PROJECT PROVIDED AN OPPORTUNITY FOR YOUTH TO PARTICIPATE IN AN OPERATIC SUMMER PROGRAM, LEARNING HOW TO PRODUCE AN OPERA VIRTUALLY. THIS WAS FOLLOWED UP BY A COMBINATION REMOTE AND GREEN-SCREENED PRODUCTION OF GILBERT & SULLIVAN'S "THE PIRATES OF PENZANCE" WITH HOT'S ORVIS YOUNG VOICES STUDIO. CLASSES FOR BOTH THE MAE Z. ORVIS OPERA STUDIO AND ORVIS YOUNG VOICES WERE HELD THROUGHOUT THE YEAR VIRTUALLY AND INCLUDED SESSIONS WITH GUEST ARTISTS SUCH AS PIANIST/COACHES MARK MORASH, NOAH LINDQUIST, TIM SHAINDLIN, AND BEN MAKINO. BOTH STUDIOS ALSO PRODUCED ONLINE CONTENT. THE MELE CONCERT SERIES, BLACK HISTORY MONTH CONCERT, AND LIVE STATEWIDE CULTURAL EXTENSION CONCERTS WERE CREATED WITH MEMBERS OF THE ORVIS OPERA STUDIO AND TWO RECITAL EVENTS FEATURED MEMBERS OF THE YOUNG VOICES PROGRAM. THE HOT DIGITAL PRODUCTION OF MOZART'S "BASTIEN & BASTIENNE" WAS ADAPTED AND OFFERED TO SCHOOLS ACROSS THE STATE FREE OF CHARGE, CREATING A VIRTUAL OPERA FOR EVERYONE, THE TRADITIONAL DRESS REHEARSAL FOR STUDENTS HOT HAS BEEN OFFERING SINCE 1992. HOT EDUCATION'S ANNUAL OPERA EXPRESS PROGRAM, A FAMILY-FRIENDLY OPERA THAT TRAVELS ACROSS THE STATE, WAS ALSO DELIVERED VIRTUALLY IN A DIGITAL PRODUCTION GILBERT & SULLIVAN'S "THE MIKADO". RESIDENCY PROGRAMS CONTINUED TO BE A CRUCIAL PART OF HOT'S EDUCATION PROGRAMS AND THIS YEAR WAS NO DIFFERENT. HE'EIA, POPE, WAIKELE AND PALOLO ELEMENTARY SCHOOLS ALL HAD PROGRAMS THAT CULMINATED IN SPRING 2021 WITH TOPICS THAT INCLUDED HAWAIIAN CULTURE, A CRAB PANDEMIC, AND BULLYING. ALL SHOWS WERE STUDENT-WRITTEN AND WERE PRODUCED IN A VIDEO FORMAT. 1455562 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 79 0 59 1 0 0 0 0 0 0 0 0 0 0 X 33 33 1 0 1 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 HI X X X ANDREW MORGAN 8085967372 848 SOUTH BERETANIA STREET SUITE HONOLULU HI 96813 FRANCES PATSY B BUNN DIRECTOR 1.00 X 0 0 0 PAMELA ANDELIN CAMERON DIRECTOR 1.00 X 0 0 0 MARILYN LYN B CLARKIN DIRECTOR 1.00 X 0 0 0 DAVID FRANKLIN DIRECTOR 1.00 X 0 0 0 DAVID KELI'IKULI DIRECTOR 1.00 X 0 0 0 RALPH KIESSLING DIRECTOR 1.00 X 0 0 0 FLORIA LORI KOMER DIRECTOR 1.00 X 0 0 0 JAMES T LEAVITT ESQ DIRECTOR 1.00 X 0 0 0 PHILIP I MCNAMEE MD DIRECTOR 1.00 X 0 0 0 THUY NGUYEN-MARTINES DIRECTOR UNTIL DECEMBER 2020 1.00 X 0 0 0 DAVID Y TAKAGI DIRECTOR 1.00 X 0 0 0 MAGGIE S WALKER DIRECTOR 1.00 X 0 0 0 CAROLYN A BERRY WILSON DIRECTOR 1.00 X 0 0 0 ROBERT B BUNN ESQ CO-COUNSEL 3.00 X X 0 0 0 JOHN L KNOREK ESQ CO-COUNSEL 3.00 X X 0 0 0 ALISON BHATTACHARYYA VICE PRESIDENT 1.00 X X 0 0 0 MARILYN KATZMAN VICE PRESIDENT 1.00 X X 0 0 0 SUZANNE B ENGEL VICE PRESIDENT 1.00 X X 0 0 0 KEITH KALWAY VICE PRESIDENT 1.00 X X 0 0 0 EVELYN B LANCE VICE PRESIDENT 1.00 X X 0 0 0 LUANNA MCKENNEY VICE PRESIDENT 1.00 X X 0 0 0 STEVEN PRIETO VICE PRESIDENT 1.00 X X 0 0 0 SARAH M RICHARDS VICE PRESIDENT 1.00 X X 0 0 0 JEAN E ROLLES VICE PRESIDENT 1.00 X X 0 0 0 MARRIE SCHAEFER VICE PRESIDENT 1.00 X X 0 0 0 STEPHEN H TURNER VICE PRESIDENT 1.00 X X 0 0 0 CORI CHING WESTON VICE PRESIDENT 1.00 X X 0 0 0 ADRIENNE WING MD VICE PRESIDENT 1.00 X X 0 0 0 LEIGHTON J YUEN VICE PRESIDENT 1.00 X X 0 0 0 ANDREA ZANNONI VICE PRESIDENT 1.00 X X 0 0 0 LINN M ALBER SECRETARY 3.00 X X 0 0 0 LINDA NELSON TREASURER 3.00 X X 0 0 0 JAMES H MCCOY PRESIDENT EMERITUS 1.00 X X 0 0 0 JULIA FROHLICH CHERRY PRESIDENT 10.00 X X 0 0 0 ANDREW MORGAN GENERAL DIRECTOR 60.00 X 160000 0 7600 KEVIN TAKAMORI DIRECTOR OF DEVELOPMENT 40.00 X 108212 0 0 268212 0 7600 2 0 1 0 0 442297 969163 1411460 TICKET SALES 711110 22442 22442 EDUCATIONAL PROGRAMS 611600 8765 8765 31207 150227 150227 581235 300 340378 0 240857 300 241157 241157 110170 113488 26005 -3318 -26005 -29323 -29323 27519 1177 26342 26342 OTHER REVENUE 900099 7663 7663 7663 1838733 38870 0 388403 183420 81520 30570 71330 696929 426311 141649 128969 13083 7561 2562 2960 94430 55483 18694 20253 91863 53086 17992 20785 7097 7097 39352 39352 32866 32866 44171 25493 18678 48112 37077 9196 1839 55496 26551 2393 26552 68371 25855 23573 18943 284418 248949 3590 31879 2083 2083 83076 62570 11955 8551 35455 25124 1443 8888 27237 13767 5521 7949 PRODUCTION EXPENSE 292109 290349 1760 EDUCATIONAL PROGRAMS 61817 61817 REPAIRS AND MAINTENANCE 13285 6642 6643 MISCELLANEOUS 10647 5324 5323 2097 2097 2187414 1455562 348453 383399 1048354 660654 149792 97467 170335 314937 187397 67511 2633349 1567599 1075683 1065750 5172521 6566580 7804082 8772899 218572 207143 157742 150742 2130000 2130000 162680 186795 2668994 2674680 X -2890323 -3266763 8025411 9364982 5135088 6098219 7804082 8772899 -348681 1311812 0 X X 0 1 X 1 0 X 2050148 1411649 2349632 1724983 1411460 8947872 2050148 1411649 2349632 1724983 1411460 8947872 847695 8100177 569170 570836 542884 1021900 731762 3436552 -143 -2461 -2604 3120 7663 10783 12392603 3443161 0.65360 0.66970 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER REVENUE - 2019 AMOUNT: $ 3,120. 2020 AMOUNT: $ 7,663. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 7129679 1819 7131498 7121951 7728 7129679 7146451 -24500 7121951 7253175 -106724 7146451 6694457 558718 7253175 1.00000 0 0 461000 461000 1745020 1176641 568379 427329 390958 36371 1065750 X 2051436 1311812 5530 88923 1406265 645171 32866 1160696 1193562 1838733 2564551 5530 404473 410003 2154548 32866 32866 2187414 PART V, LINE 4: THE THEATRE HAS A SPENDING POLICY ALLOWING FOR THE APPROPRIATION OF 3% (BEGINNING IN THE YEAR ENDED MAY 31, 2020) OF THE ROLLING 12 QUARTERS' AVERAGE BALANCE OF THE ENDOWMENT, OR SUCH OTHER AMOUNT AS CONSIDERED NECESSARY BY THE BOARD OF DIRECTORS. NET RENTAL INCOME EARNED FROM THE HAWAII OPERA PLAZA ENDOWMENT IS EXPENDED CURRENTLY IN SUPPORT OF OPERATIONS. PART X, LINE 2: U.S. GAAP REQUIRES UNCERTAIN TAX POSITIONS TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS IF THEY ARE MORE LIKELY THAN NOT TO FAIL UPON REGULATORY EXAMINATION. MANAGEMENT EVALUATED THE THEATRE'S TAX POSITIONS AS OF MAY 31, 2021 AND 2020 AND FOR THE YEARS THEN ENDED, AND DETERMINED THAT THE THEATRE HAD NO UNCERTAIN TAX POSITIONS REQUIRED TO BE REPORTED IN ACCORDANCE WITH U.S. GAAP. THE THEATRE 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: INTERFUND INTEREST INCOME 62,918. LOSS ON DISPOSAL OF PROPERTY 26,005. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES -1,177. RENTAL OPERATIONS EXPENSES -340,378. INCREASE IN NET ASSETS WITH DONOR RESTRICTIONS 1,339,571. PPP LOAN FORGIVENESS 162,680. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 1,177. RENTAL OPERATIONS EXPENSES 340,378. INTERFUND INTEREST EXPENSES 62,918. ACT II 27519 27519 1177 27519 27519 1177 1177 26342 X X X X X 0 0 0 0 0 0 0 0 0 ANDREW MORGAN GENERAL DIRECTOR 135000 0 25000 0 0 0 0 0 7600 0 167600 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 ROBERT B. BUNN, CO-COUNSEL AND DIRECTOR, AND FRANCES "PATSY" B. BUNN, DIRECTOR, HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 4 SUBSTANTIVE CHANGES TO HAWAII OPERA THEATRE'S BYLAWS ADOPTED BY THE BOARD OF DIRECTORS ON 10/28/2020: - CHANGE IN NUMBER OF BOARD MEMBERS TO 12-50, DOWN FROM 15-72 - ADDITION OF TERM LIMITS: DIRECTORS ELECTED AFTER 10/28/2020 MAY SERVE FOR UP TO TWO THREE-YEAR TERMS, THEN MUST ROTATE OFF THE BOARD FOR AT LEAST ONE YEAR - NUMBER OF MEETINGS CHANGED TO "AT LEAST FOUR TIMES PER YEAR", DOWN FROM "AT LEAST SIX TIMES PER YEAR" - QUORUM FOR DIRECTOR MEETINGS INCREASED TO 1/3 OF THE TOTAL DIRECTORS, UP FROM 25% - REMOVED THE STEERING COMMITTEE; REPLACED WITH THE OPTION FOR AN EXECUTIVE COMMITTEE - REMOVED SPECIFIC MENTION OF ALL COMMITTEES EXCEPT FOR THREE REQUIRED COMMITTEES: GOVERNANCE; FINANCE & AUDIT; AND EXECUTIVE EVALUATION - ADDED THE REQUIREMENT THAT ALL COMMITTEES HAVE A CHARTER APPROVED BY THE FULL BOARD FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE ORGANIZATION HAS MEMBERS WHICH ELECT NEW BOARD DIRECTORS AT THE ANNUAL MEETING VIA PERSONAL ATTENDANCE. FORM 990, PART VI, SECTION A, LINE 7B THE BYLAWS EXPLAIN THE PROCESS BY WHICH MEMBERS CAN ELECT OR REMOVE BOARD DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B AFTER THE FORM 990 HAS BEEN PREPARED BY A CERTIFIED PUBLIC ACCOUNTING FIRM, BOTH MANAGEMENT AND THE BOARD TREASURER REVIEWED THIS FORM 990. IT THEN WAS SENT TO THE BOARD OF DIRECTORS FOR ITS REVIEW. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY APPLIES TO ALL OFFICERS, DIRECTORS, AND EMPLOYEES. SUCH PERSONS ARE REQUIRED TO INFORM THE CHAIRMAN OF THE BOARD OF DIRECTORS OF ANY POTENTIAL CONFLICT OF INTEREST AS SOON AS IT IS IDENTIFIED AS SUCH. ANY SUCH PERSON WILL THEN BE EXCUSED FROM TAKING ANY FURTHER ACTION RELATED TO THE POTENTIAL CONFLICT UNLESS THE BOARD OF DIRECTORS, AFTER FULL DISCLOSURE, FINDS THAT THERE IS NO MATERIAL CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE GENERAL DIRECTOR IS REVIEWED BY THE EXECUTIVE EVALUATION COMMITTEE USING COMPARABILITY DATA FROM OTHER OPERA AND PERFORMING ARTS COMPANIES SIMILAR IN SIZE AND COMPLEXITY. THIS PROCESS IS DOCUMENTED IN THE PERSONNEL FILE AND/OR MEETING MINUTES. THIS ANNUAL EVALUATION PROCESS IS DONE WITHIN 60 DAYS OF THE CLOSE OF THE FISCAL YEAR, AND THE COMMITTEE RECOMMENDATIONS ARE PRESENTED TO THE BOARD FOR APPROVAL. FORM 990, PART VI, SECTION C, LINE 19 THE FORM 990 AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE ON THE HOT WEBSITE AT HAWAIIOPERA.ORG. THE FORM 990 IS ALSO AVAILABLE ON THE WEBSITES OF THE STATE OF HAWAII TAX & CHARITIES DIVISION, GUIDESTAR AND CHARITY NAVIGATOR. GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS AND FORM 990 ARE ALSO AVAILABLE AT THE ORGANIZATION'S OFFICE UPON REQUEST. FORM 990, PART XII, LINE 2C NO CHANGE IN PROCESS FROM PRIOR YEAR.