2022-11-02T19:42:17-05:00 2021-06-30 261659234 CW ASSOCIATES CPAS 700 BISHOP STREET SUITE 1040 HONOLULU HI 96813 990 2020-07-01 990115665 THE FRIENDS OF IOLANI PALACE FRIE 8085220822 PO BOX 2259 HONOLULU HI 968042259 PAULA LA GUANZON EXECUTIVE DIRECTOR 8085220822 2022-11-02 1 PAULA LA GUANZON 999009999 MELANIE A KING P00220997 8085311040 2022-11-02 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z PAULA LA GUANZON PO BOX 2259 HONOLULU HI 968042259 2677338 0 X WWW.IOLANIPALACE.ORG X 1966 HI EDUCATION, RESEARCH, RESTORATION, REFURBISHMENT AND OPERATION FOR THE IOLANI PALACE COMPLEX. 16 16 52 120 0 0 1552429 1820586 1524325 443322 531 5787 64165 277500 3141450 2547195 0 0 0 0 1496849 1059798 0 0 28706 2243293 873668 3740142 1933466 -598692 613729 1651460 2354724 987993 789050 663467 1565674 X TO PRESERVE, RESTORE, INTERPRET, SHARE, AND CELEBRATE THE UNIQUE CULTURAL, HISTORICAL, AND SPIRITUAL QUALITIES OF `IOLANI PALACE AND ITS GROUNDS FOR THE BENEFIT OF NATIVE HAWAIIANS, THE PEOPLE OF HAWAI`I, AND THE WORLD. 0 0 1578604 444145 MUSEUM OPERATIONS - OPERATE AND MAINTAIN IOLANI PALACE; TRAIN STAFF FOR TOURS; PLAN PROGRAMS, EXHIBITS AND CEREMONIES. RESERVATIONS FOR SCHOOL TOURS AT IOLANI PALACE CAN BE BOOKED ON TUESDAYS THROUGH FRIDAYS TO ACCOMMODATE STUDENTS FROM VARIOUS PUBLIC SCHOOLS. HIGH SCHOOL AND COLLEGE STUDENTS, AS WELL AS THOSE STUDENTS FROM PRIVATE SCHOOLS, ARE MORE FLEXIBLE IN THEIR SCHEDULES AND USUALLY TAKE THE SELF-GUIDED AUDIO TOURS IN THE AFTERNOONS. THERE WERE 1,477 STUDENTS WHO VISITED THE PALACE IN 2020. GIVEN THE DISPROPORTIONATELY LARGE NUMBER OF MILITARY PERSONNEL AND THEIR FAMILIES LIVING ON OAHU, WE HAVE BEEN PARTICIPATING SINCE 2012 IN THE NATIONAL BLUE STAR MUSEUMS PROGRAM BY OFFERING FREE ADMISSION TO ACTIVE DUTY MEMBERS AND THEIR FAMILIES FROM MEMORIAL DAY THROUGH LABOR DAY. WE ALSO DESIGNATE ONE SUNDAY OF EVERY MONTH AS "KAMAAINA SUNDAY" WHERE LOCAL RESIDENTS RECEIVE A DOCENT-LED TOUR OF THE PALACE WITHOUT HAVING TO PAY AN ADMISSION FEE.TO SERVE THE INTERNATIONAL COMMUNITY, THE MUSEUM OFFERS AUDIO TOURS IN MANDARIN CHINESE, SPANISH, FRENCH, GERMAN, ENGLISH, JAPANESE, AND KOREAN. (WE ALSO OFFER A HAWAIIAN-LANGUAGE AUDIO TOUR, PRIMARILY FOR IMMERSION SCHOOL STUDENTS.) THE MUSEUM IS ALSO AN ASSOCIATE MEMBER OF THE CONSULAR CORPS OF HAWAII, OWING TO THE CONSIDERABLE NUMBER OF FOREIGN DIGNITARIES WHOSE COMPLIMENTARY VISITS TO THE PALACE ARE ARRANGED BY THEIR RESPECTIVE CONSULS GENERAL IN HONOLULU. THE MUSEUM HAS ALSO WELCOMED IN THE PAST THE HEAD OF STATE FOR THE INDEPENDENT NATION OF SAMOA, THE KING OF AOTEAROA (NEW ZEALAND), THE KING OF TONGA, THE VICE PREMIER OF THE STATE COUNCIL FOR THE PEOPLE'S REPUBLIC OF CHINA, GOVERNORS OF VARIOUS PREFECTURES IN JAPAN, AND HIS HOLINESS THE DALAI LAMA. 197383 PALACE SHOPS - PRIMARILY SELLING PRODUCTS DERIVED FROM OR RELATED TO IOLANI PALACE HISTORY, ALONG WITH UNRELATED ITEMS FOR THE CONVENIENCE OF VISITORS. 1578604 1 1 0 0 0 0 0 1 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 22 0 52 1 0 0 0 0 0 0 0 0 0 0 0 0 X 16 16 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 HI X PAULA LA GUANZON 8085220822 364 S KING STREET HONOLULU HI 96813 PONO SHIM PRESIDENT 4.00 X X 0 0 0 BILLY PIEPER FIRST VICE PRESIDENT 2.00 X X 0 0 0 MARK SHKLOV SECOND VICE PRESIDENT 2.00 X X 0 0 0 KAWENA BEAUPRE SECRETARY 2.00 X X 0 0 0 LEILANI WILLIAMS-SOLOMAN TREASURER 2.00 X X 0 0 0 LISSA GUILD EVELETH CHAIR EMERITUS 2.00 X 0 0 0 GERARD AKAKA DIRECTOR 2.00 X 0 0 0 JULIE CRABB DIRECTOR 2.00 X 0 0 0 MALCOLM INAMINE DIRECTOR 2.00 X 0 0 0 MARK KALAHELE DIRECTOR 2.00 X 0 0 0 BRIAN KEALOHA DIRECTOR 2.00 X 0 0 0 RICHARD KENNEDY DIRECTOR 2.00 X 0 0 0 BRENNON MORIOKA DIRECTOR 2.00 X 0 0 0 ASHLEY ONO DIRECTOR 2.00 X 0 0 0 MAHINA PAISHON-DUARTE DIRECTOR 2.00 X 0 0 0 SOULEE STROUD DIRECTOR 2.00 X 0 0 0 PAULA GUANZON EXECUTIVE DIRECTOR 40.00 X 123104 0 6358 123104 0 6358 1 0 0 0 CONSTRUCTORS HAWAII INC 1728 KAHAI STREET HONOLULU HI 96819 PAVILLION REPAIRS, BEE REMOVAL/MITIGATIO 198759 1 85942 579593 1155051 1820586 PALACE TOURS 712110 443322 443322 443322 5787 5787 79366 72 79294 79294 327454 130071 197383 197383 MISCELLANEOUS INCOME 900099 823 823 823 2547195 641528 0 85081 X 104517 104517 728844 632944 95900 226437 204446 7650 14341 1649 1649 64267 46246 18021 34373 34373 75480 34880 40600 117805 106364 3980 7461 22703 2345 20358 43420 43420 11538 10417 390 731 MAINTENANCE AND REPAIR 445779 401801 38215 5763 EQUIPMENT 32479 25009 7470 MISCELLANEOUS 13933 1037 12896 TAXES AND FEES 9226 8598 218 410 1016 1016 1933466 1578604 326156 28706 1342207 1497532 50000 572619 0 12434 24804 96557 142872 9675 12368 478079 383824 130787 94255 9800 10274 1651460 2354724 475595 273292 277483 0 50000 47816 184915 467942 987993 789050 X 232913 1256223 430554 309451 663467 1565674 1651460 2354724 613729 185 288293 0 X 1 X 0 0 0 X 762975 475577 1299238 1552429 1820586 5910805 762975 475577 1299238 1552429 1820586 5910805 463872 5446933 4235 5686 2458 2281 5787 20447 792 1118 1606 1336 823 5675 5936927 10128086 0.91750 0.83290 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER REVENUE - 2016 AMOUNT: $ 792. 2017 AMOUNT: $ 1,118. 2018 AMOUNT: $ 1,606. 2019 AMOUNT: $ 1,336. 2020 AMOUNT: $ 823. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 348012 265248 82764 130067 118576 11491 94255 X PART III, LINE 1A: THE HISTORICAL COLLECTION CONSISTS OF ORIGINAL FURNISHINGS AND OTHER ITEMS FOR THE IOLANI PALACE COMPLEX. THE COLLECTION IS CONTINUOUSLY CATALOGED, CARED FOR AND PRESERVED. THE COLLECTION ITEMS, WHICH WERE ACQUIRED THROUGH PURCHASES AND CONTRIBUTIONS, ARE NOT RECOGNIZED IN THE ACCOMPANYING FINANCIAL STATEMENTS BECAUSE THEY HAVE NO ALTERNATIVE USE. PURCHASES OF COLLECTION ITEMS ARE RECORDED AS DECREASES IN UNRESTRICTED NET ASSETS IN THE YEAR ACQUIRED OR AS TEMPORARILY OR PERMANENTLY RESTRICTED NET ASSETS IF PURCHASED WITH DONOR-RESTRICTED FUNDS. CONTRIBUTED COLLECTION ITEMS ARE NOT REFLECTED IN THE FINANCIAL STATEMENTS. PROCEEDS FROM THE DISPOSITION OF COLLECTION ITEMS, IF ANY, ARE REFLECTED AS INCREASES IN THE APPROPRIATE NET ASSET CLASSES. PART III, LINE 4: THERE ARE OVER 4,700 OBJECTS IN THE COLLECTIONS AT 'IOLANI PALACE. THEY INCLUDE FURNITURE, DECORATIVE OBJECTS, HOUSEHOLD ITEMS AND PERSONAL FURNISHINGS OF THE HAWAIIAN ROYAL FAMILY. THE COLLECTING FOCUS IS OBJECTS THAT WERE PRESENT IN THE PALACE FROM THE TIME IT WAS BUILT IN 1882 TO WHEN THE MONARCHY WAS OVERTHROWN IN 1893. PERIOD SUBSTITUTES ARE USED TO COMPLETE THE FURNISHINGS OF PERIOD ROOMS, WHEN THE ORIGINAL ARTIFACTS ARE NOT AVAILABLE. OBJECTS RECEIVED AS STATE PRESENTATION GIFTS FROM OTHER MONARCHS AND GOVERNMENTS SIGNIFY INTERNATIONAL RECOGNITION OF HAWAII'S INDEPENDENCE AND THE BONDS OF FRIENDSHIP THAT EXISTED BETWEEN HAWAII AND OTHER NATIONS AROUND THE WORLD. OTHER ITEMS ARE IMPORTANT AS ANCIENT INHERITED SYMBOLS OF CHIEFLY AUTHORITY THAT SHOWCASE THE SKILLS OF NATIVE HAWAIIAN ARTISANS. THE PALACE MAINTAINS ONE OF THE FINEST COLLECTIONS OF AMERICAN GOTHIC REVIVAL FURNITURE MANUFACTURED BY THE A.H. DAVENPORT COMPANY OF BOSTON. THE ORIGINAL ORDER TO FURNISH THE NEW PALACE IN 1882 CONSISTED OF OVER 200 PIECES. TODAY THERE ARE 77 PIECES OF A.H. DAVENPORT FURNITURE AT THE PALACE FROM THAT ORDER WHICH ARE ON LOAN FROM THE STATE OF HAWAII, BISHOP MUSEUM, OR HAVE BEEN DONATED TO IOLANI PALACE OR PURCHASED FOR THE COLLECTION. BI-CULTURAL OBJECTS CRAFTED OUT OF NATIVE HARDWOODS ACCORDING TO WESTERN DESIGNS AND CHINA TRADE ITEMS IN THE COLLECTIONS ARE NOTEWORTHY IN ILLUSTRATING THE CULTURAL DIVERSITY AND TRADE THAT EXISTED IN NINETEENTH CENTURY HAWAII. OVER 1,000 PIECES OF ORIGINAL CHINA AND GLASSWARE HAVE RETURNED TO THE PALACE. THERE ARE OVER 1,000 PIECES OF ORIGINAL PALACE STATIONERY, PHOTOGRAPHS, INVITATIONS AND MENUS. OVER 100 ORIGINAL TEXTILES ARE IN THE COLLECTION. PAINTINGS INCLUDE WORKS BY PROMINENT ARTISTS WORKING IN HAWAII IN THE LATE NINETEENTH CENTURY, SUCH AS WILLIAM COGSWELL, JULES TAVERNIER, D. HOWARD HITCHCOCK, PAUL PETROVITS, CHARLES FURNEAUX, AND ROBERT BARNFIELD. THE PALACE COLLECTIONS OF FURNITURE AND FURNISHINGS ARE USED THROUGHOUT THE BUILDING TO RECREATE PERIOD ROOM INTERIORS OF THE HAWAIIAN MONARCHY ERA. COLLECTION PIECES ARE ALSO EXHIBITED WITH INTERPRETIVE TEXT IN MODERN GALLERY SPACES IN THE PALACE BASEMENT. THE COLLECTION IS AN INVALUABLE FOR EDUCATING VISITORS FROM HAWAII AND AROUND THE WORLD. 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 TAX POSITIONS OF THE FRIENDS AS OF JUNE 30, 2021 AND 2020, AND FOR THE YEARS THEN ENDED, AND DETERMINED THAT IT HAD NO UNCERTAIN TAX POSITIONS REQUIRED TO BE REPORTED IN ACCORDANCE WITH U.S. GAAP. THE FRIENDS IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS IN PROGRESS FOR ANY OPEN TAX PERIODS. 55TH ANNIVERSARY 75714 75714 HOSTED EVENTS 3652 3652 72 79366 79366 72 72 79294 X 115 0 APPRAISAL 0 0 0 0 PART I, LINE 33: A ZERO AMOUNT WAS REPORTED ON FORM 990, PART VIII, STATEMENT OF REVENUE, LINE 1G, BECAUSE THE ORGANIZATION DID NOT CAPITALIZE ITS HISTORICAL COLLECTIONS, AS ALLOWED UNDER SFAS 116 (ASC 958-360-25). FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED IN DETAIL BY THE TREASURER AND EXECUTIVE DIRECTOR, AND THEN BY THE INTERNAL AFFAIRS COMMITTEE OF THE BOARD OF DIRECTORS. AN ELECTRONIC COPY IS PROVIDED TO THE FULL BOARD OF DIRECTORS PRIOR TO SIGNING BY AN OFFICER. FORM 990, PART VI, SECTION B, LINE 12C BOARD AND STAFF MEMBERS ARE COVERED BY THE CONFLICT OF INTEREST POLICY. BOARD MEMBERS MUST ANNUALLY DISCLOSE, BUSINESS AND ORGANIZATIONAL INTEREST AND AFFILIATIONS THAT MAY BE CONSTRUED AS RELATED TO THE FRIENDS. WHENEVER THERE IS A POTENTIAL OR ACTUAL CONFLICT, IT MUST BE MADE A MATTER OF RECORD AND THE DIRECTOR MUST ABSTAIN FROM A VOTE. SOMETIMES THE CONFLICT MAY REQUIRE THE DIRECTOR'S RESIGNATION. THE BOARD WOULD RESOLVE CONFLICTS OF INTEREST, INCLUDING APPROVAL OF ANY LOAN OF OBJECTS TO EXHIBIT. IF A STAFF MEMBER IS UNABLE TO RESOLVE A POTENTIAL CONFLICT OF INTEREST, IT MUST BE BROUGHT TO THE ATTENTION OF THE SUPERVISOR OR EXECUTIVE DIRECTOR FOR RESOLUTION. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE DIRECTOR'S COMPENSATION IS REVIEWED BY THE PERSONNEL COMMITTEE AND APPROVED BY THE BOARD OF DIRECTORS. THE BOARD UTILIZES BENCHMARKING MEASURES, SPECIFICALLY FORM 990 COMPENSATION AMOUNTS REPORTED FOR EXECUTIVE DIRECTORS AT OTHER MUSEUMS IN HAWAII, ALONG WITH PERFORMANCE EVALUATIONS. DECISIONS ARE DOCUMENTED IN THE MINUTES. THIS PROCESS WAS LAST UNDERTAKEN IN EARLY 2019. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 7, OTHER SALARIES AND WAGES DESCRIPTION: THE AMOUNTS INCLUDE WAGES, EMPLOYEE BENEFITS AND PAYROLL TAXES.