2011-09-15T14:34:06-05:00 2010-12-31 WIKOFF COMBS & CO LLC 1001 BISHOP ST 2760 HONOLULU HI 96813 990 2010-01-01 237302232 POLYNESIAN VOYAGING SOCIETY POLY 8088421101 10 SAND ISLAND PARKWAY HONOLULU HI 96819 DENNIS FERN 8088421101 2011-08-25 1 ANNA M MORI 8087911414 2011-08-25 2010 2016-03-07 17:11:31Z NAINOA THOMPSON 10 SAND ISLAND PARKWAY HONOLULU HI 96819 802557 0 X PVS.KCC.HAWAII.EDU X 1973 HI THE POLYNESIAN VOYAGING SOCIETY HAS LAUNCHED--THROUGH A RENOVATION OF OUR VOYAGING CANOE, HOKULE'A; SAIL PLANS FOR HAWAI'I-WIDE EDUCATIONAL PROGRAMS AND VOYAGES; AND A SAIL PLAN FOR A WORLDWIDE VOYAGE (WWV) - A WWV TO BECOME A CATALYST FOR POSITIVE CHANGE IN HAWAI'I BY CONSTANTLY LEARNING FROM AND NURTURING RELATIONSHIPS WORLDWIDE THAT SHARE THE VALUES OF, AND RESPONSIBILITY FOR, CARING FOR ISLAND EARTH, HER OCEANS AND CHILDREN, WHILE HONORING OUR HERITAGE AND PERPETUATING OUR CULTURE. 19 16 7 225 0 0 238881 287522 15000 450482 -4462 -111713 35672 42047 285091 668338 0 0 0 0 50352 215876 0 0 10850 309601 396532 359953 612408 -74862 55930 533015 673970 84787 185004 448228 488966 X FOUNDED ON A LEGACY OF PACIFIC OCEAN EXPLORATION, THE POLYNESIAN VOYAGING SOCIETY SEEKS TO PERPETUATE THE ART AND SCIENCE OF TRADITIONAL POLYNESIAN VOYAGING AND THE SPIRIT OF EXPLORATION THROUGH EXPERIENTIAL EDUCATIONAL PROGRAMS THAT INSPIRE STUDENTS AND THEIR COMMUNITIES TO RESPECT AND CARE FOR THEMSELVES, EACH OTHER, AND THEIR NATURAL AND CULTURAL ENVIRONMENTS. 0 0 521462 486154 REPAIRED AND MAINTAINED NATIVE SAILING VESSELS AND PROVIDED EDUCATION PROGRAMS ON ANCIENT HAWAIIAN SEA VOYAGING. SERVED 7,743 PERSONS. 521462 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 1 X 13 0 7 1 0 0 0 0 0 0 1 0 0 0 0 1 0 X 19 16 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 HI X POLYNESIAN VOYAGING SOCIETY 8088421101 10 SAND ISLAND PARKWAY HONOLULU HI 96819 NAINOA THOMPSON 24.00 X X 24598 0 0 BRUCE BLANKENFELD 3.00 X 45760 0 0 MICHAEL CUNNINGHAM 0.50 X 4200 0 0 DENNIS FERN 0.50 X 0 0 0 MICHAEL CHUN 0.50 X 0 0 0 DAVID COLE 0.50 X 0 0 0 CATHERINE FULLER 0.50 X 0 0 0 NEIL HANNAHS 0.50 X 0 0 0 HARRY HO 0.50 X 0 0 0 LILIKALA KAME'ELEIHIWA 0.50 X 0 0 0 BYRON MALLOTT 0.50 X 0 0 0 WILLIAM ORNELLAS 0.50 X 0 0 0 HARDY SPOEHR 0.50 X 0 0 0 WILLIAM TAM 0.50 X 0 0 0 DR BENJAMIN TAMURA 0.50 X 0 0 0 LAURA THOMPSON 0.50 X 0 0 0 ROBERT WITT 0.50 X 0 0 0 DR NATHAN WONG 0.50 X 0 0 0 AUGUST YEE 0.50 X 0 0 0 74558 0 0 0 0 0 0 0 287522 268074 287522 GOVT FEES FOR SERVICE 900099 450482 450482 450482 787 787 21500 134000 -112500 -112500 -112500 6150 219 5931 5931 SEC 481(A) ADJUSTMENT 900099 35672 35672 OTHER 900099 444 444 36116 668338 486154 0 -105338 74558 74558 119922 94517 23205 2200 11576 11353 223 9820 7451 2201 168 40678 40678 119498 113982 1466 4050 14476 8288 5806 382 8750 8750 7766 7510 256 896 482 414 51409 51080 329 20686 20686 SUPPLIES AND SMALL EQUI 93370 87181 2139 4050 REPAIRS AND MAINTENANCE 34707 34184 523 OTHER 4296 1440 2856 612408 521462 80096 10850 104261 88129 7666 8453 15125 29710 2485 1256 321 2417 600712 147655 357319 453057 42825 63305 2078 28578 533015 673970 4787 44004 20000 81000 60000 60000 84787 185004 X 448228 457451 31515 448228 488966 533015 673970 X 55930 -15192 X X 0 1 1 X 0 X 543316 833216 215486 163856 287522 2043396 543316 833216 215486 163856 287522 2043396 308702 1734694 1326 1342 911 1719 787 6085 7481 10000 2164 19645 2069126 561179 0.83840 0.91660 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 570712 147655 423057 30000 30000 453057 PUBLICLY TRADED SECURITIES 63305 F 63305 668338 612408 55930 20480 -107016 71344 -15192 40738 763069 20480 109923 130403 632666 35672 35672 668338 722331 109923 109923 612408 0 612408 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE THE EFFECT OF UNCERTAIN TAX POSITIONS TO BE RECOGNIZED IN THE FINANCIALS STATEMENTS IF THEY ARE MORE LIKELY THAN NOT TO FAIL UPON REGULATORY EXAMINATION. MANAGEMENT IS NOT AWARE OF ANY UNCERTAIN TAX POSITIONS. TAX RETURNS ARE OPEN FOR EXAMINATION BY THE TAXING AUTHORITIES UNTIL THE STATUTE OF LIMITATION (GENERALLY THREE YEARS) EXPIRES. PART XI, LINE 8 - OTHER ADJUSTMENTS: BALANCE OF SEC 481(A)ADJ (TOTAL 142,688/4 = 35,672 YRS 2009-2012) 71,344. PART XII, LINE 4B - OTHER ADJUSTMENTS: IRC SECTION 481(A) ADJUSTMENT 35,672. LAURA THOMPSON X 61000 61000 0 1 1 NAINOA THOMPSON X 1256 321 0 1 0 ESTATE OF MYRON THOMPSON DECEASED X 23000 20000 0 1 0 81321 HUAKA LLC HUAKA, LLC IS OWNED BY BOARD MEMBERS BRUCE BLANKENFELD AND LAURA THOMPSON 20784 THE ORGANIZATION AND HUAKA, LLC HAVE AN AGREEMENT THAT THE ORGANIZATION HAS THE RIGHT TO USE A VESSEL OWNED BY HUAKA, LLC IN ITS PROGRAM ACTIVITIES. REPAIRS AND MAINTENANCE ARE THE RESPONSIBILITY OF THE ORGANIZATION DURING THE PERIOD THAT THE VESSEL IS IN USE. 0 FORM 990, SCHEDULE L, PART II LOANS TO AND/OR FROM INTERESTED PERSONS LAURA THOMPSON IS THE EXECUTOR OF THE ESTATE OF MYRON THOMPSON (DECEASED, FORMER DIRECTOR).NAINOA THOMPASON PAID THE ORGANIZATION $321 IN 2011. X 2 261500 FAIR MARKET VALUE X DRY DOCK SUPPLIES 3 6574 FAIR MARKET VALUE 0 0 0 NUMBER OF FORMS 8282 FILED DURING THE YEAR FORM 990, PART V, LINE 7D THE REQUIRED FORM 8282 WAS FILED IN 2011. FORM 990, PART VI, SECTION A, LINE 2 BOARD MEMBERS, NAINOA THOMPSON, LAURA THOMPSON AND BRUCE BLANKENFELD HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11 PRIOR TO FILING THE FORM 990 WITH THE IRS, A COPY OF THE DRAFT FORM 990 IS PROVIDED TO ALL BOARD MEMBERS FOR THEIR REVIEW AND APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, BOARD MEMBERS ARE REQUIRED TO READ AND PROVIDE A SIGNED STATEMENT OF THEIR UNDERSTANDING OF THE ORGANIZATION'S CONFLICT OF INTEREST POLICY. IF A POTENTIAL CONFLICT OF INTEREST OCCURS, IT IS REVIEWED BY THE BOARD OF DIRECTORS. LINES 15A AND 15B NO COMPARABILITY DATA IS USED, BUT ALL SALARY DECISIONS ARE APPROVED BY THE BOARD AND SUBSTANTIATED THROUGH THE BOARD MINUTES. FORM 990, PART VI, SECTION C, LINE 18 THE FORM 990, OTHER TAX RETURNS, GOVERNING DOUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS ARE AVAILABLE THROUGH THE DEPARTMENT OF COMMERCE AND CONSUMER AFFAIRS, OR UPON REQUEST. FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 20,480. PRIOR PERIOD ADJUSTMENTS: -107,016. BALANCE OF SEC 481(A)ADJ (TOTAL 142,688/4 = 35,672 YRS 2009-2012) 71,344. TOTAL TO FORM 990, PART XI, LINE 5: -15,192. OVERSIGHT OF AUDIT AND SELECTION OF AUDITOR FORM 990, PART XII, LINE 2C THE OVERSIGHT AND SELECTION OF THE INDEPENDENT AUDITOR IS THE RESPONSIBILITY OF THE BOARD OF DIRECTORS. WRITTEN BIDS FROM VARIOUS CPAS ARE SOLICITED AND THE SELECTION OF THE AUDITOR IS BASED ON THE AUDITOR'S EXPERIENCE IN NONPROFIT FINANCES, REPUTATION AND REASONABLENESS OF THE BID AMOUNT. THE BOARD REVIEWS THE AUDITED FINANCIAL STATEMENTS WITH THE AUDITORS BEFORE APPROVAL.