2021-08-31T19:57:09-05:00 2020-12-31 261659234 CW ASSOCIATES CPAS 700 BISHOP STREET SUITE 1040 HONOLULU HI 96813 990 2020-01-01 990185999 PACIFIC FLEET SUBMARINE MEMORIAL ASSOC PACI 8084231341 11 ARIZONA MEMORIAL DRIVE HONOLULU HI 96818 CAPT CHARLES K MERKEL EXECUTIVE DIRECTOR/PRESIDENT 8084231341 2021-08-31 1 CAPT CHARLES K MERKEL 999009999 RODNEY M HARANO P00389596 8085311040 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z USS BOWFIN CAPT CHARLES K MERKEL 11 ARIZONA MEMORIAL DRIVE HONOLULU HI 96818 4264187 0 X WWW.BOWFIN.ORG X 1978 HI TO ESTABLISH AND MAINTAIN A WORLD WAR II SUBMARINE, MUSEUM, AND MEMORIAL. 17 16 49 20 0 0 1441559 912504 5589647 1417585 346014 -7591 1824034 370571 9201254 2693069 7700 52000 0 0 2695911 1642603 21000 0 86701 2665710 1680737 5390321 3375340 3810933 -682271 24620379 32288261 4627974 12611689 19992405 19676572 TO ESTABLISH AND MAINTAIN A WORLD WAR II SUBMARINE, MUSEUM, AND MEMORIAL. 0 0 2849714 52000 1726376 TO ESTABLISH AND MAINTAIN A WORLD WAR II SUBMARINE, MUSEUM, AND MEMORIAL. TO AWARD ACADEMIC SCHOLARSHIPS THROUGH THE USS BOWFIN MEMORIAL SCHOLARSHIPS (ADMINISTERED BY HAWAII COMMUNITY FOUNDATION) AND USS KAMEHAMEHA SCHOLARSHIPS (ADMINISTERED BY PAUAHI FOUNDATION). 2849714 1 1 0 0 0 0 0 1 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 4 0 49 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 17 16 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 HI X CAPT CHARLES K MERKEL USN RETIRE 8084231341 11 ARIZONA MEMORIAL DRIVE HONOLULU HI 96818 CHARLES K MERKEL USN RET EXECUTIVE DIRECTOR/PRESIDENT 40.00 X X 183063 0 21838 RONALD R COX USN RET CHAIRMAN/DIRECTOR 2.00 X X 0 0 0 STEVEN AUERBACH SR. VICE PRESIDENT/DIRECTOR 2.00 X X 0 0 0 PETER W MILLER USN RET TREASURER/DIRECTOR 2.00 X X 0 0 0 BRIAN D FILA USN RET SECRETARY/DIRECTOR 2.00 X X 0 0 0 SAMUEL S DANNAWAY DIRECTOR 1.00 X 0 0 0 RUSSEL A HART DIRECTOR 1.00 X 0 0 0 MELANIE HORIKAMI DIRECTOR 1.00 X 0 0 0 ALAN ITO DIRECTOR 1.00 X 0 0 0 THOMAS G KYLE DIRECTOR 1.00 X 0 0 0 RODERICK J PEROFF DIRECTOR 1.00 X 0 0 0 RANDALL C WHATTOFF DIRECTOR 1.00 X 0 0 0 CAROLINE WITHERSPOON DIRECTOR 1.00 X 0 0 0 WILLIAM HICKS DIRECTOR 1.00 X 0 0 0 STEVEN MANDRACCIA DIRECTOR 1.00 X 0 0 0 SAMANTHA SNEED DIRECTOR 1.00 X 0 0 0 WILLIAM KEARNS DIRECTOR 1.00 X 0 0 0 ALVIN H PAUOLE USN RET DIRECTOR UNTIL 05/07/2020 1.00 X 0 0 0 JEROME A FELDMAN DIRECTOR UNTIL 05/07/2020 1.00 X 0 0 0 LAWRENCE OSBORN DIRECTOR UNTIL 05/07/2020 1.00 X 0 0 0 EUGENE J DOYLE DIRECTOR UNTIL 10/01/2020 1.00 X 0 0 0 183063 0 21838 1 0 1 0 CONSTRUCTORS HAWAII 1728 KAHAI ST HONOLULU HI 96819 CONSTRUCTION 7093553 PACIFIC STUDIO INC 5311 SHILSHOLE AVE NW SEATTLE WA 98107 MUSEUM EXHIBIT FABRICATION 2541658 MIG-PORTICO 800 HEARST AVE BERKELEY CA 94710 ARCHITECHURAL SERVICES 335628 SERVICE SYSTEMS ASSOCIATES 4264 CENTRAL PARK BLVD STE 100 DENVER CO 80238 TICKETING OPERATION 184625 TOURMATE 137 ST REGIS CRES S TORONTO ONTORIO CA AUDIO TOUR PRODUCTION 167949 7 2555 629665 280284 3598 912504 ADMISSIONS 712110 1242479 1242479 STORAGE LOCKER FACILITIES 712110 175106 175106 1417585 121732 121732 61780 0 61780 61780 61780 1378239 1507562 -129323 -129323 -129323 328595 63556 265039 265039 RECOVERIES OF BAD DEBT 900099 38750 38750 OTHER REVENUE 900099 5002 5002 43752 2693069 1726376 0 54189 X 52000 52000 204900 92205 71715 40980 1013623 915275 92658 5690 21033 19343 1690 310798 265622 36977 8199 92249 76903 12081 3265 3376 3376 85058 85058 21238 21238 432975 417122 12481 3372 64643 64643 152857 142239 8359 2259 28458 28458 304982 258458 36627 9897 4875 4875 488 488 163408 136224 21401 5783 161331 127919 28095 5317 REPAIRS & MAINTENANCE 200829 192251 6753 1825 GENERAL EXCISE TAXES 26132 26132 EDUCATION 19728 19728 DUES & SUBSCRIPTIONS 3540 3540 6819 6289 416 114 3375340 2849714 438925 86701 1174867 399318 758801 513523 415182 126067 248909 60253 28578314 3774950 15531916 24803364 6490704 6385736 24620379 32288261 2301297 713171 2285412 11898518 0 0 41265 0 4627974 12611689 X 18146950 17534691 1845455 2141881 19992405 19676572 24620379 32288261 -682271 366438 0 X 0 1 X 1 1 1 X 47438 258100 535439 1441559 912504 3195040 8243435 8690604 9359619 8110984 1746180 36150822 8290873 8948704 9895058 9552543 2658684 39345862 11675 16200 46550 52386 38095 164906 0 11675 16200 46550 52386 38095 164906 39180956 215759 490803 604629 524483 183512 2019186 215759 490803 604629 524483 183512 2019186 12098 3587 13410 43752 72847 8506632 9451605 10503274 10090436 2885948 41437895 0.94550 0.95580 0.04870 0.04080 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER REVENUE - 2017 AMOUNT: $ 12,098. 2018 AMOUNT: $ 3,587. 2019 AMOUNT: $ 13,410. 2020 AMOUNT: $ 43,752. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 4515327 3412311 1103016 523639 194690 328949 27997 27997 0 23511351 139952 23371399 24803364 X 2805399 366438 366438 2438961 21238 232870 254108 2693069 3417658 63556 63556 3354102 21238 21238 3375340 PART III, LINE 1A: THE HISTORICAL COLLECTION CONSISTS OF DOCUMENTS AND ARTIFACTS HELD BY THE ASSOCIATION FOR EDUCATIONAL, RESEARCH, AND CURATORIAL PURPOSES. THE ITEMS IN THE COLLECTION, WHICH WERE ACQUIRED THROUGH PURCHASES AND CONTRIBUTIONS SINCE THE ASSOCIATION'S INCEPTION, ARE NOT RECOGNIZED IN THE ACCOMPANYING FINANCIAL STATEMENTS BECAUSE THEY HAVE NO ALTERNATIVE USES. PURCHASES OF COLLECTION ITEMS ARE RECORDED AS DECREASES IN NET ASSETS WITHOUT DONOR RESTRICTION IN THE PERIOD IN WHICH THE ITEMS ARE ACQUIRED OR AS NET ASSETS WITH DONOR RESTRICTION IF THEY ARE PURCHASED WITH DONOR-RESTRICTED FUNDS. CONTRIBUTED COLLECTION ITEMS ARE NOT REFLECTED IN THE FINANCIAL STATEMENTS. PROCEEDS, IF ANY, FROM THE DISPOSITION OF COLLECTION ITEMS ARE REFLECTED AS INCREASES IN THE APPROPRIATE NET ASSET CLASSES. PART III, LINE 4: HISTORICAL COLLECTIONS INCLUDE A U.S. WWII SUBMARINE AND ARTIFACTS FOR DISPLAY, STUDY AND FUTURE GENERATIONS. THE HISTORICAL COLLECTION CONSISTS OF DOCUMENTS AND ARTIFACTS HELD BY THE ASSOCIATION FOR EDUCATIONAL, RESEARCH, AND CURATORIAL PURPOSES. 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 HAS EVALUATED THE TAX POSITIONS OF THE ASSOCIATION AS OF DECEMBER 31, 2020 AND 2019 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 ASSOCIATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS IN PROGRESS FOR ANY OPEN TAX PERIODS. PART XI, LINE 4B - OTHER ADJUSTMENTS: INCREASE IN NET ASSETS WITH DONOR RESTRICTIONS 296,426. COST OF GOODS SOLD -63,556. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 63,556. 1 HAWAII COMMUNITY FOUNDATION 827 FORT STREET MALL HONOLUU HI 96813 990261283 501(C)(3) 52000 BOWFIN MEMORIAL SCHOLARSHIPS 1 PART I, LINE 2: PFSMA ESTABLISHED THE CRITERIA FOR AWARDING SCHOLARSHIPS BY BOTH THE PAUAHI FOUNDATION AND THE HAWAII COMMUNITY FOUNDATION. HCF WILL ADMINISTER THE BOWFIN MEMORIAL SCHOLARSHIPS. THE PAUAHI FOUNDATION ADMINISTERS THE USS KAMEHAMEHA SCHOLARSHIPS. PFSMA PROVIDES THE ADDITIONAL FUNDING NECESSARY TO HCF TO AWARD 20 SCHOLARSHIPS OF $5000 EACH EVERY ACADEMIC YEAR. THE PAUAHI FOUNDATION MANAGES GRANT FUNDS AND PFSMA PROVIDES THE ADDITIONAL FUNDING NECESSARY TO AWARD 2 SCHOLARSHIPS OF $5000 EACH EVERY ACADEMIC YEAR. FUNDS ARE PAID DIRECTLY TO THE EDUCATIONAL INSTITUTION. PART I, LINE 1: DOCUMENTS SUCH AS APPLICATIONS ARE MAINTAINED UNTIL THE SCHOLARSHIP PROCESS IS COMPLETED. SUBSEQUENTLY THEY ARE SHREDDED FOR PRIVACY PURPOSES. RECIPIENT NAMES ARE RETAINED. X X 0 0 0 0 0 0 0 0 0 CHARLES K MERKEL USN RET EXECUTIVE DIRECTOR/PRESIDENT 148063 0 35000 0 0 0 4825 0 17013 0 204901 0 0 0 X 1 3598 FAIR MARKET VALUE X 1 0 N/A 0 0 0 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS. SCHEDULE M, PART I, COLUMN (C), LINE 22: HISTORICAL ARTIFACTS ARE NOT RECORDED IN THE FINANCIAL STATEMENTS BECAUSE THEY HAVE NO ALTERNATIVE USES. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS ELECT THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE EXECUTIVE DIRECTOR AND BOARD TREASURER REVIEW THE FORM 990, WHICH IS THEN EMAILED TO THE BOARD OF DIRECTORS FOR COMMENTS, PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C BOD MEMBERS ARE ASKED AND MUST DISCLOSE ANY CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE DIRECTOR'S COMPENSATION IS DETERMINED BY THE HUMAN RESOURCE COMMITTEE, WHICH INCLUDES THE CHAIR, VP, TREASURER, AND SECRETARY. COMPARABLE DATA, SUCH AS COMPENSATION INFORMATION AT OTHER NONPROFIT ORGANIZATIONS, IS USED. THE PROCESS IS DOCUMENTED IN A REPORT. THIS PROCESS WAS LAST UNDERTAKEN ON FEBRUARY 10, 2020. 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 11G PROFESSIONAL SERVICES : PROGRAM SERVICE EXPENSES 352,697. MANAGEMENT AND GENERAL EXPENSES 2,360. FUNDRAISING EXPENSES 637. TOTAL EXPENSES 355,694. SECURITY: PROGRAM SERVICE EXPENSES 64,425. MANAGEMENT AND GENERAL EXPENSES 10,121. FUNDRAISING EXPENSES 2,735. TOTAL EXPENSES 77,281.