2015-05-11T15:05:05-05:00 2014-06-30 421539623 KMH LLP 1003 BISHOP STREET SUITE 2400 HONOLULU HI 96813 990 2013-07-01 990161980 BISHOP MUSEUM BISH 8088484161 1525 BERNICE STREET HONOLULU HI 968172704 BLAIR COLLIS PRESIDENT & CEO 8088484161 2015-05-11 1 DEANNA C AWA P00647777 8085262255 2013 2016-03-07 17:11:31Z BLAIR COLLIS 1525 BERNICE STREET HONOLULU HI 968172704 14267414 0 X WWW.BISHOPMUSEUM.ORG X 1889 HI THE BISHOP MUSEUM IS THE CARETAKER OF EXTENSIVE CULTURAL AND NATURAL HISTORY COLLECTIONS OF HAWAII AND THE PACIFIC. THE MUSEUM'S EXHIBITS, PROGRAMS, AND RESEARCH EDUCATE HAWAII'S RESIDENTS AND NON-RESIDENT VISITORS ABOUT HAWAII'S CULTURAL AND NATURAL HISTORY. 23 17 200 558 71770 36344 8947653 8507181 2090192 2130196 550926 1584172 444546 546020 12033317 12767569 0 0 0 0 6135771 6262466 0 0 758524 6233277 6251333 12369048 12513799 -335731 253770 88336964 88960991 14997985 12328377 73338979 76632614 X AS "THE MUSEUM OF HAWAI'I", BERNICE PAUAHI BISHOP MUSEUM'S MISSION IS TO BE A GATHERING PLACE AND EDUCATIONAL CENTER THAT ACTIVELY ENGAGES PEOPLE IN THE PRESENTATION, EXPLORATION AND PRESERVATION OF HAWAI'I'S CULTURAL HERITAGE AND NATURAL HISTORY, AS WELL AS ITS ANCESTRAL CULTURE THROUGHOUT THE PACIFIC. 0 0 2859841 1920341 PUBLIC PROGRAMS - PUBLIC PROGRAMS PROVIDE INFORMAL EDUCATIONAL EXPERIENCES THAT TELL THE STORY OF HAWAII AND THE PACIFIC. THE PROGRAM TAKES FULL ADVANTAGE OF THE COMPREHENSIVE RESOURCES OF THE MUSEUM'S COLLECTIONS AND RESEARCH PRODUCTS, AND PROVIDES VISITORS AND HAWAII RESIDENTS WITH DIVERSE PROGRAMS. INCLUDED IN PUBLIC PROGRAMMING IS THE 8.6871-ACRE AMY B.H. GREENWELL ETHNOBOTANICAL GARDEN (GARDEN) LOCATED ON THE ISLAND OF HAWAII. THE GARDEN SUPPORTS NATIVE HAWAIIAN CULTURAL TRADITIONS OF LAND USE AND PLANTS, AND CONSERVATION OF PLANT RESOURCES VIA TRADITIONAL HAWAIIAN CULTURAL MEANS. FOR THE FISCAL YEAR JUNE 30, 2014, THE MUSEUM HAD APPROXIMATELY 156,891 RESIDENT AND 81,857 NON-RESIDENT VISITORS. 1785456 175752 NATURAL SCIENCES - NATURAL SCIENCES ACTIVITIES INCLUDE PROVIDING UNDERSTANDING OF THE NATURAL ENVIRONMENTS OF HAWAII AND THE PACIFIC, PROVIDING INFORMATION FOR CONSERVING THE BIODIVERSITY OF THOSE ENVIRONMENTS AND, BY CONTRIBUTING TO PUBLIC PROGRAMS, EXPANDING EDUCATIONAL EXPERIENCES IN SCIENCE FOR HAWAII RESIDENTS AND MUSEUM VISITORS. 767463 206129 CULTURAL RESOURCES - ACTIVITIES IN THE CULTURAL RESOURCES PROGRAM INCLUDE FIELD AND COLLECTIONS-BASED RESEARCH UNDERTAKEN IN COLLABORATION WITH INDIGENOUS PEOPLES AND MORE RECENT IMMIGRANTS OF HAWAII. TRADITIONAL KNOWLEDGE SYSTEMS, PHILOSOPHIES OF KNOWLEDGE, AND SCIENCE ARE HISTORICALLY APPLIED. THE PROGRAM ALSO PROVIDES FEE-BASED CONSULTING SERVICES RELATED TO THE CULTURAL SCIENCES. 233720 543816 MERCHANDISING - PRODUCTS IN THE MERCHANDISING PROGRAM INCLUDE HAWAIIAN-MADE AND SCIENCE-RELATED ITEMS SOLD AT THE MUSEUM'S RETAIL SHOPS, MUSEUM PRESS PUBLICATIONS, FACILITY RENTALS, AND ARRANGEMENTS TO LICENSE MUSEUM IMAGES. 233720 543816 5646480 1 1 0 1 0 0 1 1 0 1 1 0 0 1 1 1 0 1 0 0 1 0 0 0 1 0 0 0 0 1 0 0 0 1 0 0 0 1 1 1 0 0 0 1 1 1 0 0 1 X 202 0 1 200 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 23 17 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 HI X X JESSICA CALILAO 8088484161 1525 BERNICE STREET HONOLULU HI 96817 BLAIR D COLLIS PRESIDENT/CEO/DIRECTOR 39.00 1.00 X X 179345 0 32387 DANIEL K AKAKA JR FORMER DIRECTOR 1.00 X 0 0 0 CHARMAN J AKINA MD FORMER DIRECTOR 1.00 X 0 0 0 JEANNE A ANDERSON DIRECTOR 1.00 X 0 0 0 MICHAEL J CHUN PHD DIRECTOR 1.00 X 0 0 0 HAUNANI S APOLIONA DIRECTOR 1.00 X 0 0 0 H MITCHELL D'OLIER FORMER DIRECTOR 1.00 X 0 0 0 ALLISON HOLT GENDREAU CHAIRMAN/DIRECTOR 1.00 X X 0 0 0 HEATHER GIUGNI DIRECTOR 1.00 X 0 0 0 RICK HUMPHREYS FORMER DIRECTOR 1.00 X 0 0 0 GEORGINA KAWAMURA DIRECTOR 1.00 X 0 0 0 JEN-L LYMAN DIRECTOR 1.00 X 0 0 0 ANTON C KRUCKY DIRECTOR 1.00 X 0 0 0 KAPIOLANI K MARIGNOLI DIRECTOR 1.00 X 0 0 0 WATTERS O MARTIN JR VICE CHAIR/DIRECTOR 1.00 X X 0 0 0 GARY T NISHIKAWA DIRECTOR 1.00 X 0 0 0 RICHARD PAGLINAWAN FORMER DIRECTOR 1.00 X 0 0 0 WILLIAM CA PIEPER II DIRECTOR 1.00 X 0 0 0 HARRY A SAUNDERS SECRETARY/DIRECTOR 1.00 X X 0 0 0 SCOTT SEU DIRECTOR 1.00 X 0 0 0 GULAB WATUMULL DIRECTOR 1.00 X 0 0 0 GAYLORD WILCOX FORMER DIRECTOR 1.00 X 0 0 0 ERIC K YEAMAN FORMER DIRECTOR 1.00 X 0 0 0 TIMOTHY E JOHNS DIRECTOR 1.00 X 0 0 0 RANDY PERREIRA DIRECTOR 1.00 X 0 0 0 JAMES POLK DIRECTOR 1.00 X 0 0 0 BERNARD UY DIRECTOR 1.00 X 0 0 0 DEE JAY MAILER DIRECTOR 1.00 X 0 0 0 SANNE HIGGINS DIRECTOR 1.00 X 0 0 0 TERRENCE GEORGE DIRECTOR 1.00 X 0 0 0 DENYS S KAZAMA FORMER SR VP/CFO/TREASURER 39.00 1.00 X 110647 0 138 KAHIKINO N DETTWEILER VICE PRESIDENT/ASSISTANT SECRETARY 39.00 1.00 X 90901 0 7260 NICOLE SAKAI ASSISTANT SECRETARY 39.00 1.00 X 42709 0 8363 PADDY KAUHANE SR VP/CFO/TREASURER 39.00 1.00 X 60531 0 5549 CAROL DIEBEL SR VP OF PUBLIC PROGRAM 39.00 1.00 X 104178 0 8936 588311 0 62633 3 0 1 0 DELPHI PRODUCTIONS INC 950 W TOWER AVENUE ALAMEDA CA 94501 POLYNESIAN HALL RENOVATION 363294 CONSTRUCTORS HAWAII INC 1728 KAHAI STREET HONOLULU HI 96819 CONSTRUCTION 333793 SPITZ INC PO BOX 198 CHADDS FORD PA 19317 PLANETARIUM RENOVATION 134089 KMH LLP 1003 BISHOP ST 2400 HONOLULU HI 96813 ACCOUNTING 131537 POLYNESIAN VOYAGING SOCIETY 10 SAND ISLAND PARKWAY HONOLULU HI 96819 CURRICULUM & EDUCATION 118873 6 890028 410253 1836427 5370473 60343 8507181 ADMISSIONS 900004 1898831 1898831 RESEARCH CONTRACTS 900004 231365 231365 2130196 347899 347899 313870 158121 155749 155749 155749 459380 1561993 459896 325204 -516 1236789 1236273 1236273 107850 410253 268372 -160522 -160522 823095 288252 534843 463073 71770 COMMISSION/ROYALTY 900004 34380 34380 OTHER INCOME 900099 -18430 -18430 15950 12767569 2609219 71770 1579399 683648 683648 3783425 2261155 1246931 275339 1331559 925852 293915 111792 463834 247186 188004 28644 15112 10 15102 194198 194198 686505 525809 121405 39291 101680 6350 93376 1954 765933 316883 355865 93185 110122 29511 67580 13031 1071278 22791 1048408 79 222984 177672 32281 13031 1956798 845205 954815 156778 223989 -268 224257 EXHIBIT RENTALS 194500 194500 0 0 FOOD AND BEVERAGES 105812 11386 78531 15895 LICENSES AND FEES 59895 6681 52931 283 MEMBERSHIP DUES 24404 -36 23661 779 518123 75793 433887 8443 12513799 5646480 6108795 758524 185831 151209 482924 463869 1767714 979903 6091740 5283791 14377 12836 344984 419338 282815 242355 77478554 27386123 51145725 50092431 5184000 5840139 22836854 25475120 88336964 88960991 5455821 4159170 359083 497898 9079759 7572094 103322 99215 14997985 12328377 X 44463250 44131467 2739881 3720676 26135848 28780471 73338979 76632614 88336964 88960991 X 253770 428405 144090 2467370 X 0 1 X 1 1 1 X 10508650 11670945 11008048 8947653 8507181 50642477 10508650 11670945 11008048 8947653 8507181 50642477 633262 50009215 434935 412065 337400 377325 661769 2223494 60716 56951 60699 55171 71770 305307 54740 50525 68600 90450 107850 372165 53543443 13883371 0.93400 0.93930 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: SPECIAL EVENTS REVENUE RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 1 13822 0 0 13822 0 PART II-B, LINE 1: BISHOP MUSEUM'S PRESIDENT AND GOVERNMENT AFFAIRS STAFF WORK WITH THIRD PARTY LOBBYISTS TO ENGAGE IN DISCUSSIONS WITH STATE LEGISLATORS REGARDING THE MUSEUM'S OPERATING SUBSIDY AND GRANT-IN-AID PROPOSALS SUBMITTED FOR FUNDING CAPITAL PROJECTS AT THE MUSEUM. X X 5 649.00 1 0 0 1 0 30.00 6246 0 X X X X 1 27389649 3313931 80822 30622758 26209434 1314017 133802 27389649 26953483 -543648 200400 26209434 23803659 3350224 200400 26953483 22534615 25534 1443916 200406 23803659 0.00700 0.93980 0.05320 1 0 407276 3815679 4222955 44175857 9386941 34788916 18136709 9189612 8947097 10382905 8809570 1573335 560128 560128 50092431 ASSETS HELD IN CHARITABLE REMAINDER TRUSTS 326948 BENEFICIAL INTEREST IN PERPETUAL TRUSTS 25148172 25475120 LIABILITY UNDER CHARITABLE REMAINDER TRUSTS 99215 99215 X PART II, LINE 9: THE LAND AND BUILDINGS SUBJECT TO CONSERVATION EASEMENTS ARE REPORTED ON THE ORGANIZATION'S BALANCE SHEET AT FAIR MARKET VALUE AT THE TIME OF DONATION. THE ORIGINAL VARYING VALUE OF THE LAND OR BUILDINGS ARE NOT DEPRECIATED. IMPROVEMENTS ARE REPORTED AT COST AND DEPRECIATED ON A STRAIGHT LINE METHOD OVER THE ESTIMATED USEFUL LIFE OF THE IMPROVEMENTS. PART III, LINE 1A: THE MUSEUM HAS EXTENSIVE COLLECTIONS OF ART, RARE BOOKS AND MANUSCRIPTS, CULTURAL ARTIFACTS AND NATURAL HISTORY SPECIMENS. THOSE COLLECTIONS ARE MAINTAINED UNDER CURATORIAL CARE AND HELD FOR RESEARCH, EDUCATION AND PUBLIC EXHIBITION IN FURTHERANCE OF PUBLIC SERVICE. PROCEEDS FROM THE SALES OF THE COLLECTIONS, IF ANY, ARE USED TO ACQUIRE OTHER ITEMS FOR THE COLLECTIONS. THE COST OF COLLECTIONS PURCHASED BY THE MUSEUM IS REFLECTED IN THE CONSOLIDATED STATEMENTS OF ACTIVITIES AS AN EXPENSE IN THE YEAR OF ACQUISITION. DONATED COLLECTION ITEMS ARE NOT REFLECTED IN THE CONSOLIDATED FINANCIAL STATEMENTS. PART III, LINE 4: BISHOP MUSEUM WAS DESIGNATED AS THE HAWAII STATE MUSEUM OF NATURAL AND CULTURAL HISTORY IN 1988. ITS CULTURAL AND NATURAL COLLECTIONS ENCOMPASS MORE THAN 24 MILLION CATALOGUED OBJECTS. THE CULTURAL COLLECTION WAS ESTABLISHED WITH HAWAIIAN ARTIFACTS AND HEIRLOOMS FROM THE KAMEHAMEHA MONARCHY AND HAS EXPANDED TO INCLUDE ARTIFACTS, DOCUMENTS AND PHOTOGRAPHS ABOUT HAWAII AND OTHER PACIFIC ISLAND CULTURES. THE CULTURAL COLLECTION CURRENTLY INCLUDES OVER 1.3 MILLION ARTIFACTS, 115,000 HISTORICAL PUBLICATIONS AND 1 MILLION HISTORICAL PHOTOGRAPHS, FILMS, WORKS OF ART, AUDIO RECORDINGS AND MANUSCRIPTS. THE NATURAL HISTORY COLLECTION CURRENTLY CONSISTS OF 22.3 MILLION SPECIMENS OF PLANT AND ANIMAL LIFE OF HAWAII AND THE PACIFIC, INCLUDING SPECIMENS THAT ARE NOW EXTINCT. THE COLLECTIONS ARE THE CENTER OF THE ORGANIZATION'S MISSION TO STUDY, PRESERVE AND TELL THE STORIES OF THE NATURAL AND CULTURAL HISTORY OF HAWAII AND THE PACIFIC. RESEARCH BASED ON THE COLLECTIONS PROVIDE THE BASIS FOR EDUCATION AND EXHIBITIONS PROVIDED TO THE PUBLIC. THE COLLECTIONS ARE MAINTAINED UNDER CURATORIAL CARE TO PRESERVE ARTIFACTS FOR THE EDUCATION OF FUTURE GENERATIONS. PART V, LINE 4: THE ORGANIZATION'S ENDOWMENT FUNDS ARE USED FOR EDUCATION, COLLECTIONS CARE, RESEARCH, AND GENERAL OPERATIONS. PART X, LINE 2: THE MUSEUM HAS EVALUATED ITS TAX POSITIONS AND DETERMINED THAT THERE WERE NO UNCERTAIN TAX POSITIONS AT JUNE 30, 2014 AND 2013. SCHEDULE D, PART II, LINE 8 THIS QUESTION IS NOT APPLICABLE TO THE EXEMPT ORGANIZATION. AS SUCH, IT HAS BEEN MARKED NO. EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES ARCHAEOLOGICAL AND NATURAL SCIENCE RESEARCH 332210 0 0 0 0 0 0 332210 0 332210 0 0 0 0 0 0 BPB ANNUAL DINNER 518103 410253 107850 58518 65169 1600 143085 518103 410253 107850 58518 65169 1600 143085 268372 -160522 X 1 1 X X X X 0 0 0 0 0 0 0 0 0 BLAIR D COLLIS PRESIDENT/CEO/DIRECTOR 179345 0 0 0 0 0 0 0 32387 0 211732 0 0 0 PART I, LINE 1A BISHOP MUSEUM PAYS MONTHLY DUES FOR THE PRESIDENT'S MEMBERSHIP IN A LOCAL SOCIAL CLUB. THE PRESIDENT MAINLY ENTERTAINS BUSINESS GUESTS AT THE CLUB. BLAIR COLLIS PRESIDENT/CEO SEE PART V X 14377 12836 0 0 0 12836 JLYMAN - VICE PRESIDENT OF FIRST HAWAIIAN BANK DIRECTOR OF EO & VP OF INTERESTED PERSON (FHB) 468829 EO PAID FIRST HAWAIIAN BANK FOR INTEREST ON LOAN FACILITY, ENERGY EFFICIENCY LEASE, VEHICLE LEASE AND CORPORATE CREDIT CARD. FHB WAS A FUNDRAISING EVENT SPONSOR, AND PROVIDED CONTRIBUTIONS TO THE EO. 0 SSEU & TJOHNS - VP & DIRECTOR OF HAWAIIAN ELECTRIC COMPANY INC (HECO) DIRECTORS OF EO AND VP & DIRECTOR OF INTERESTED PERSON (HECO) 896364 EO PAID HECO, AN ELECTRIC COMPANY, FOR ITS MONTHLY UTILITY INVOICES. HECO WAS A FUNDRAISING EVENT SPONSOR, AND PROVIDED CONTRIBUTIONS TO THE EO. 0 MCHUN & TJOHNS - DIR&VPDIR HAWAII MEDICAL SERVICE ASSOCIATION (HMSA) DIRECTORS OF EO AND DIRECTOR & VP/DIRECTOR OF INTERESTED PERSON (HMSA) 592794 EO PAID HMSA FOR HEALTH INSURANCE PREMIUMS FOR ITS EMPLOYEES. HMSA WAS A FUNDRAISING EVENT SPONSOR OF THE EO. 0 JPOLK & MCHUN - DIRECTORS OF BANK OF HAWAII & BANK OF HAWAII FOUNDATION DIRECTORS OF EO AND DIRECTORS OF INTERESTED PERSON (BOH & BOH FOUNDATION) 433435 EO PAID BANK OF HAWAII FOR PENSION TRUST SERVICES. BOH PROVIDED CONTRIBUTIONS TO THE EO. 0 SCH L, PART II, LOANS TO AND FROM INTERESTED PERSONS: PURPOSE OF LOAN: PROFESSIONAL DEVELOPMENT COSTS CHARGED TO MUSEUM'S CREDIT CARD AND SUBSEQUENTLY DETERMINED TO BE NON-REIMBURSABLE.LOAN TO BLAIR COLLIS OF $12,836 DOES NOT INCLUDE INTEREST THAT SHOULD BE COMPUTED BASED ON THE APPLICABLE FEDERAL INTEREST RATE. X 4 20750 FAIR MARKET VALUE X BPBAD SILENT 90 39593 FAIR MARKET VALUE 0 0 1 1 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS. PART I, LINE 32B: INVESTMENT MANAGER, MORGAN STANLEY, SELLS SECURITIES DONATED TO THE MUSEUM. AUTOS, NON-COLLECTION ART, AND BOOKS ARE SOLD THROUGH VARIOUS AUCTION SERVICES. FORM 990, PART V: QUESTIONS 7G & 7H ARE NOT APPLICABLE TO THE EXEMPT ORGANIZATION. AS SUCH, THEY HAVE BEEN MARKED NO. FORM 990, PART VI, SECTION A, LINE 2 JAMES POLK (BANK OF HAWAII) - BUSINESS RELATIONSHIP MICHAEL CHUN (BANK OF HAWAII FOUNDATION) - BUSINESS RELATIONSHIP MICHAEL CHUN (HAWAII MEDICAL SERVICE ASSOCIATION) - BUSINESS RELATIONSHIP TIMOTHY JOHNS (HAWAII MEDICAL SERVICE ASSOCIATION) - BUSINESS RELATIONSHIP TIMOTHY JOHNS (HAWAIIAN ELECTRIC COMPANY) - BUSINESS RELATIONSHIP SCOTT SEU (HAWAIIAN ELECTRIC COMPANY) - BUSINESS RELATIONSHIP FORM 990, PART VI, SECTION B, LINE 11 AFTER THE FORM 990 IS FINALIZED BY THE PREPARER BUT BEFORE IT IS FILED, THE CHIEF FINANCIAL OFFICER REVIEWS IT WITH THE PRESIDENT AND CHIEF EXECUTIVE OFFICER. THE 990 IS THEN EMAILED TO THE AUDIT & FINANCE COMMITTEE IN ADVANCE OF THE AFC MEETING WHERE IT WILL BE REVIEWED AND VOTED ON FOR APPROVAL. IT IS THEN EMAILED TO THE EXECUTIVE COMMITTEE BY THE CHIEF FINANCIAL OFFICER WHO ALSO CONTACTS THE FULL BOARD OF DIRECTORS BY EMAIL TO NOTIFY THEM THAT THE 990 WILL BE DISTRIBUTED TO THEM UPON REQUEST. FORM 990, PART VI, SECTION B, LINE 12C WHEN CONTRACTS ARE EXECUTED, THE GENERAL COUNSEL AND LEGAL ASSISTANT COMPARE THE VENDOR WITH WHOM THE CONTRACT IS BEING MADE TO A LIST OF ORGANIZATIONS AFFILIATED WITH THE EO'S OFFICERS AND DIRECTORS TO ENSURE THAT ANY CONFLICTS OF INTEREST ARE NOTED. ANY CONFLICTS OF INTEREST MUST BE APPROVED BY THE AUDIT & FINANCE COMMITTEE. ALSO, ALL DIRECTORS ARE REQUIRED TO DISCLOSE ANNUALLY ANY INTERESTS THAT COULD GIVE RISE TO CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15 WHEN THE CURRENT CEO WAS HIRED, THE POTENTIAL COMPENSATION WAS FIRST DISCUSSED AMONG THE BOARD CHAIR, BOARD VICE CHAIR, CEO, AND THE ORGANIZATION'S TOP FINANCIAL OFFICER. IN A LATER MEETING, THE BOARD OF DIRECTORS EXECUTIVE COMMITTEE WAS PRESENTED WITH COMPARISON DATA OF THE CEO'S POTENTIAL COMPENSATION AND THE PREVIOUS CEO'S COMPENSATION. AT THE SAME MEETING, THE COMMITTEE AUTHORIZED THE BOARD CHAIR TO FINALIZE THE TERMS OF A CONTRACT WITH THE CEO WHICH INCLUDED COMPENSATION. THE FINAL CONTRACT WAS APPROVED BY THE FULL BOARD OF DIRECTORS AT A SUBSEQUENT MEETING. THIS PROCESS WAS RECORDED GENERALLY IN THE MINUTES OF THE MEETINGS. SIMILARLY, WHEN OFFICERS OR KEY EMPLOYEES ARE HIRED, A COMPENSATION RANGE IS DISCUSSED AMONG THE BOARD CHAIR, BOARD VICE CHAIR, CEO, AND THE ORGANIZATION'S TOP FINANCIAL OFFICER. IN A LATER MEETING, THE BOARD OF DIRECTORS EXECUTIVE COMMITTEE IS PRESENTED WITH COMPARISON DATA OF THE OFFICER OR KEY EMPLOYEE'S POTENTIAL COMPENSATION TO OTHER COMPANIES AND NONPROFIT ORGANIZATIONS. AT THE SAME MEETING, THE COMMITTEE AUTHORIZES THE BOARD CHAIR TO FINALIZE THE TERMS OF A CONTRACT WITH THE NEW EMPLOYEE WHICH INCLUDES COMPENSATION WITHIN AN APPROVED RANGE. THIS PROCESS IS RECORDED GENERALLY IN THE MINUTES OF THE MEETINGS. IN RECENT YEARS, THERE HAVE BEEN NO INCREASES TO COMPENSATION FOR OFFICERS AND KEY EMPLOYEES. IN FACT, COMPENSATION FOR THESE EMPLOYEES HAS DECREASED SINCE 2006. IN THE FUTURE, WHEN RAISES ARE GIVEN TO OFFICERS AND KEY EMPLOYEES FOR REASONS OTHER THAN INFLATIONARY INCREASES, THE RAISES WILL BE PRESENTED TO THE BOARD OF DIRECTORS ALONG WITH COMPARABLE DATA. THE BOARD OF DIRECTORS WILL APPROVE SUCH RAISES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. THE ORGANIZATION'S FINANCIAL STATEMENTS ARE AVAILABLE ON THE MUSEUM'S WEBSITE AND UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF TRUST ASSETS 2,650,927. ACCRUED PENSION LIABILITY ADJUSTMENT UNDER SFAS 158 -183,555. ROUNDING -2. FORM 990, PART XI, LINE 8: IN 2014, BISHOP MUSEUM DETERMINED THAT IT HAD INCORRECTLY EXPENSED $55,050 AND $89,041 IN 2012 AND 2013, RESPECTIVELY, WHICH SHOULD HAVE BEEN CAPITALIZED AS PROJECT DEVELOPMENT COSTS RELATED TO ITS CAMPUS RE-DEVELOPMENT PLAN. AS A RESULT, UNRESTRICTED NET ASSETS AS OF JULY 1, 2012 WERE ADJUSTED BY $55,050 TO PROPERLY CAPITALIZE THE EXPENSES REPORTED IN FISCAL YEAR 2012. THE 2013 CONSOLIDATED FINANCIAL STATEMENT WERE ALSO RESTATED TO REFLECT $89,041 OF EXPENSES THAT SHOULD HAVE BEEN CAPITALIZED. FORM 990, PART I, LINE 6: VOLUNTEERS PROVIDE PROGRAM SERVICES, COLLECTION MANAGEMENT SERVICES, GROUNDSKEEPING, AND ADMINISTRATIVE SUPPORT. THE MUSEUM ALSO UTILIZES VOLUNTEERS IN VARIOUS ROLES TO SUPPORT LARGE EVENTS. FULL-TIME, PART-TIME AND CASUAL VOLUNTEER ACTIVITIES ARE TRACKED BY HOURS. FOR THE PERIOD JULY 1, 2013 - JUNE 30, 2014, THE MUSEUM RECORDED 22,799 VOLUNTEER HOURS. HAWAII MARITIME CENTER 1525 BERNICE STREET HONOLULU HI 96817 990196626 MUSEUM HI 501(C)(3) LINE 7 BISHOP MUSEUM 1 CHARITABLE REMAINDER TRUSTS (2) CHARITABLE HI BISHOP MUSEUM T 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 HAWAII MARITIME CENTER D 4863493 CASH HAWAII MARITIME CENTER O 16337 CASH