Civic Intelligence

Hawaii Symphony Orchestra

990 • Fiscal year 2021 • EIN 45-2861988

Jul 01, 2020 to Jun 30, 2021 • Filed on Nov 05, 2021

3610 Waialae AvenueHonolulu, HI 96816

(808) 380-7722

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

95th percentile

1.17x

Higher debt load relative to assets than 95% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

83rd percentile

0.65x

Higher debt load relative to revenue than 83% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

66th percentile

23%

Higher net margin than 66% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

81st percentile

$135,000

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 3.9% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

87th percentile

55%

Faster asset growth than 87% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

6th percentile

-43%

Faster revenue growth than 6% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$1,894,808

Up $673,488 (+55%) from 2020

Net Assets

Up

-$330,207

Up $790,716 (+71%) from 2020

Liabilities

Down

$2,225,015

Down $117,228 (-5.0%) from 2020

Revenue

Down

$3,427,588

Down $2,552,356 (-43%) from 2020

Expenses

Down

$2,636,872

Down $2,540,728 (-49%) from 2020

Net Income

Down

$790,716

Down $11,628 (-1.4%) from 2020

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$4.0M$2.0M$0-$2.0MAssets 2012: $48,681Liabilities 2012: $452,910Net Assets 2012: -$404,2292012Assets 2013: $556,503Liabilities 2013: $927,684Net Assets 2013: -$371,1812013Assets 2014: $674,737Liabilities 2014: $1,042,144Net Assets 2014: -$367,4072014Assets 2015: $519,348Liabilities 2015: $967,785Net Assets 2015: -$448,4372015Assets 2016: $383,281Liabilities 2016: $1,524,280Net Assets 2016: -$1,140,9992016Assets 2017: $322,578Liabilities 2017: $1,728,580Net Assets 2017: -$1,406,0022017Assets 2018: $358,224Liabilities 2018: $1,892,535Net Assets 2018: -$1,534,3112018Assets 2019: $233,607Liabilities 2019: $2,136,686Net Assets 2019: -$1,903,0792019Assets 2020: $1,221,320Liabilities 2020: $2,342,243Net Assets 2020: -$1,120,9232020Assets 2021: $1,894,808Liabilities 2021: $2,225,015Net Assets 2021: -$330,2072021Assets 2022: $1,519,510Liabilities 2022: $1,948,319Net Assets 2022: -$428,8092022Assets 2023: $866,053Liabilities 2023: $1,450,978Net Assets 2023: -$584,9252023Assets 2024: $778,694Liabilities 2024: $1,564,574Net Assets 2024: -$785,8802024

Highlighted filing

2021

Assets$1,894,808
Liabilities$2,225,015
Net Assets-$330,207

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2012: $2,018,268Expenses 2012: $2,434,178Net Income 2012: -$415,9102012Revenue 2013: $1,618,780Expenses 2013: $1,132,316Net Income 2013: $486,4642013Revenue 2014: $3,730,328Expenses 2014: $3,486,554Net Income 2014: $243,7742014Revenue 2015: $3,642,059Expenses 2015: $3,562,089Net Income 2015: $79,9702015Revenue 2016: $3,962,342Expenses 2016: $4,493,904Net Income 2016: -$531,5622016Revenue 2017: $4,130,030Expenses 2017: $4,234,033Net Income 2017: -$104,0032017Revenue 2018: $4,209,551Expenses 2018: $4,337,860Net Income 2018: -$128,3092018Revenue 2019: $4,486,862Expenses 2019: $4,822,527Net Income 2019: -$335,6652019Revenue 2020: $5,979,944Expenses 2020: $5,177,600Net Income 2020: $802,3442020Revenue 2021: $3,427,588Expenses 2021: $2,636,872Net Income 2021: $790,7162021Revenue 2022: $5,732,337Expenses 2022: $5,857,276Net Income 2022: -$124,9392022Revenue 2023: $5,109,783Expenses 2023: $5,234,393Net Income 2023: -$124,6102023Revenue 2024: $5,107,537Expenses 2024: $5,277,904Net Income 2024: -$170,3672024

Highlighted filing

2021

Revenue$3,427,588
Expenses$2,636,872
Net Income$790,716
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Nov 5, 2021
Return Version
2020v4.1
Gross Receipts
$3,427,588
Mission and Program Overview

Mission

Establish and operate a professional symphony in Hawaii that will present the highest

Establish and operate a professional symphony in Hawaii that will present the highest quality performances of great music, bringing national and international distinction to the orchestra and the community to delight and educate diverse audiences of all ages and enhance the cultural vitality and quality of life in the region and operate in a financially sound manner.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$818,692$1,230,921▲ $412,229
Loans From Officers Directors$829,847$810,847▼ $19,000
Cash and Non-Interest-Bearing Accounts$219,757$491,605▲ $271,848
Land, Buildings, and Equipment, Net$135,089$134,458▼ $631
Prepaid Expenses and Deferred Charges$4,820$9,654▲ $4,834
Total Assets$1,221,320$1,894,808▲ $673,488
Other Assets Total$42,962$28,170▼ $14,792
Liabilities
Accounts Payable and Accrued Expenses$473,104$1,008,462▲ $535,358
Mortgage Notes Payable Secured by Investment Property$615,833$210,333▼ $405,500
Deferred Revenue$423,459$195,373▼ $228,086
Total Liabilities$2,342,243$2,225,015▼ $117,228
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-1,120,923$-330,207▲ $790,716
Total Net Assets Fund Balance$-1,120,923$-330,207▲ $790,716
Total Liabilities and Net Assets / Fund Balance$1,221,320$1,894,808▲ $673,488

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$134,458$118,317$252,775
Other Land Buildings$0$1,347$1,347
Land$0--
Other Assets Org$0--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Dave MossExecutive DirectorFT$135,000$135,000

Board Members and Trustees

NameTitle
Paul KosasaChairman
Vicky CayetanoVice Chairwoman
J David KennedyDirector
Jose FajardoDirector
Katie PickmanDirector
Marilyn KatzmanDirector
Michael TittertonDirector
Mitchell D'OlierDirector
Richard IngDirector
Shelley CramerDirector
Virginia TiuDirector
Kenneth RobbinsSecretary
Jason KravittTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$3,246,345
Program Service Revenue
$179,343
Investment Income
$0
Other Revenue
$1,900
All Other Contributions
$2,715,729
Change in Net Assets
$790,716

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table12$128,736current Fair Market Value (FMV) of donated services
Other Non Cash Contri Table40$33,600current Fair Market Value (FMV) of donated items
Other Non Cash Contri Table12$33,340current Fair Market Value (FMV) of donated services
Other Non Cash Contri Table1$20,000current Fair Market Value (FMV) of donated item
Total Noncash Contributions65$215,676-

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,427,588
Total Revenue per Audited Statements
$3,427,588
Total Revenue per Form 990
$3,427,588
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,799,623
Other Expenses$744,710
Professional Fundraising Fees$92,539
Total Fundraising Expense$92,539
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$697,373$379,756$0$1,077,129
Other Employee Benefits$473,225$59,690$0$532,915
All Other Expenses$168,512$0$0$168,512
Occupancy$0$154,837$0$154,837
Payroll Taxes$84,800$38,293$0$123,093
Fees for Services Professional Fundraising--$92,539$92,539
Advertising$81,574$0$0$81,574
Pension Plan Contributions$62,689$3,797$0$66,486
Travel$47,841$0$0$47,841
Office Expenses$0$47,792$0$47,792
Insurance$0$31,746$0$31,746
Fees for Services Other$0$21,340$0$21,340
Depreciation Depletion$0$20,631$0$20,631
Interest$0$20,059$0$20,059
Other Expenses$16,667$0$0$16,667
Fees for Services Accounting$0$617$0$617
Total Functional Expenses$1,765,775$778,558$92,539$2,636,872

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,636,872
Total Expenses per Audited Statements$2,636,872
Total Expenses per Form 990$2,636,872
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$92,539
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$829,847$810,847▼ $19,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Hawaii Symphony Orchestra
EIN
45-2861988
Phone
8083807722
Address
3610 Waialae Avenue, Honolulu, HI 96816

Signing Officer

Name
David Moss
Title
Executive Director
Phone
8083807722
Signed
2021-11-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Moss
Formed
2011
Legal Domicile
Hi
Voting Board Members
13
Independent Board Members
13
Employees
173
Volunteers
50

Preparer

Firm
Gerald Y Ushijima CPA
Address
1110 UNIVERSITY AVE STE 508, HONOLULU, HI 96826
Preparer
Gregory Ushijima
Phone
8089495588
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

The Form 990 with schedules is available to each director for review. Questions are directed to the Executive Director or Director of Finance.

Pt VI, Line 19

The Form 990 is filed in the organization's office and is made available upon request.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0Establish and operate a professional symphony in Hawaii that will present the highest quality performances of great music, bringing national and international distinction to the orchestra and the community to delight and educate diverse audiences of all ages and enhance the cultural vitality and quality of life in the region and operate in a financially sound manner.
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IRS990/Organization501c3Ind0X
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt20
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IRS990/PrincipalOfficerNm0David Moss
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IRS990ScheduleA/Post1975UBTIGrp/CurrentTaxYearAmt00
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