Hawaii Performing Arts Company Ltd
- Assets
- $1.8m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 26
- Location
- Honolulu, HI
- Founding
- 12/1971
- Data as of
- 08/2023
- EIN
- 99-0148833
Organization Overview
Hawaii Performing Arts Company Ltd, operating under the name Manoa Valley Theatre, is located in Honolulu, HI. The organization was established in 1971. According to its NTEE Classification (A65) the organization is classified as: Theater, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 08/2023, Manoa Valley Theatre employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Manoa Valley Theatre is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 08/2023, Manoa Valley Theatre generated $1.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $1.3m during the year ending 08/2023. While expenses have increased by 4.8% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
COMMUNITY THEATRE PLAY PRODUCTIONS
Describe the Organization's Program Activity:
Part 3 - Line 4a
MANOA VALLEY THEATRE (MVT) PRESENTED CABARET 2022, THE GAME'S AFOOT, THE MYSTERY OF EDWIN DROOD, TICK TICK BOOM!, THE PLAY THAT GOESWRONG, THE CHINESE LADY AND LISA MATSUMOTO'S ONCE UPON ONE NODDAH TIME. THE LAST PRODUCTION WAS PRESENTED IN COLLABORATION WITH KAIMUKI HIGH SCHOOL PERFORMING ARTS CENTER. FOUR OF THE SEVEN PRODUCTIONS HAD EXTENDED RUNS DUE TO HIGH DEMAND FOR TICKETS.WE EXCEEDED THE TOTAL ESTIMATED ATTENDANCE OF 16,000, REACHING 18,211 DUPLICATE INDIVIDUALS AND 12,512 UNDUPLICATED INDIVIDUALS. WE ALSO EXCEEDED OUR ORIGINAL OBJECTIVE FOR THE NUMBER OF STUDENTS REACHED THROUGH THE KAIMUKI HIGH SCHOOL PERFORMING ARTS CENTER PROGRAM. WE HAD PROJECTED THAT 160 KAIMUKI HIGH SCHOOL STUDENTS WOULD BENEFIT FROM OUR PARTNERSHIP WITH THEIR SCHOOL. A TOTAL OF 866 UNDUPLICATED STUDENTS AND YOUNG ADULTS UNDER AGE 25 CAME TO THE PERFORMANCE OF THE MUSICAL COMEDY ONCE UPON ONE NODDAH TIME, AND ENABLED 45 KAIMUKI HIGH SCHOOL STUDENTS TO PARTICIPATE IN A SUMMER INTERNSHIP AND/OR BE ON A CREW FOR THE MVT PRODUCTION.MVT OFFERED SIX MUSIC AND COMEDY SERIES PERFORMANCES TO 914 UNDUPLICATED ATTENDEES BLACK VOICES MATTER: FOR YOUR CONSIDERATION, HAROLD PINTER'S THE DUMB WAITER, SOMETIMES LOVE, BARRYMORE, SYMPHONY IN MANILA, AND THE LIVING.CURRENTLY IN ITS THIRD YEAR, THE MUSIC & COMEDY/DARK NIGHT SERIES KICKED OFF IN FEBRUARY 2023 WITH "FOR YOUR CONSIDERATION '24 LIVE TOUR," FEATURING INTERNATIONAL SPOKEN WORD ARTISTS SHAWN WILLIAM AND PRENTICE POWELL AND HOSTED BY Z OF BALTIMORE. 2023 IS A HISTORIC YEAR FOR THIS ART FORM SINCE THE GRAMMYS HAVE ADDED A NEW SPOKEN WORD CATEGORY FOR POETS. LATER IN FEBRUARY 2023, BENNY RIETVELD, MUSICAL DIRECTOR AND BASSIST FOR SANTANA, BROUGHT AN ALL-STAR LINEUP OF HAWAII AND INTERNATIONAL ARTISTS TO MANOA VALLEY THEATRE. IN MARCH, THE LEGENDARY ACTOR RICHARD CHAMBERLAIN INTRODUCED AND NARRATED SOMETIMES LOVE, A NEW MUSICAL BOOK ABOUT FRIENDSHIP AND LIFE'S CHALLENGES, WITH MUSIC AND LYRICS BY MARTIN RABBETT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey Portnoy Chairman Of The Board | OfficerTrustee | 0.5 | $0 |
David Kenney President | OfficerTrustee | 0.5 | $0 |
Peter Ehrman Vice President | OfficerTrustee | 0.5 | $0 |
Scott Larimer Secretary | OfficerTrustee | 0.5 | $0 |
Robert Taylor Treasurer | OfficerTrustee | 0.5 | $0 |
George Apter Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $44,736 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $388,109 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $432,845 |
| Total Program Service Revenue | $572,747 |
| Investment income | $4,181 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $32,454 |
| Net Income from Fundraising Events | $81,473 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $31,543 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,155,243 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $81,354 |
| Compensation of current officers, directors, key employees. | $25,160 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $361,233 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $31,574 |
| Payroll taxes | $52,412 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,863 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,316 |
| Fees for services: Other | $187,993 |
| Advertising and promotion | $53,654 |
| Office expenses | $58,343 |
| Information technology | $22,827 |
| Royalties | $0 |
| Occupancy | $148,034 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,186 |
| Interest | $13,913 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $47,052 |
| Insurance | $21,192 |
| All other expenses | $0 |
| Total functional expenses | $1,310,114 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,415 |
| Savings and temporary cash investments | $29,924 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $18,960 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $5,003 |
| Prepaid expenses and deferred charges | $38,629 |
| Net Land, buildings, and equipment | $419,767 |
| Investments—publicly traded securities | $892,476 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $430,894 |
| Total assets | $1,840,068 |
| Accounts payable and accrued expenses | $79,702 |
| Grants payable | $0 |
| Deferred revenue | $246,456 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $600,000 |
| Unsecured mortgages and notes payable | $13,669 |
| Other liabilities | $464,545 |
| Total liabilities | $1,404,372 |
| Net assets without donor restrictions | $285,696 |
| Net assets with donor restrictions | $150,000 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,840,068 |