Hanalani Schools
- Assets
- $36.9m
- Revenue
- $22.6m
- Investments
- $0.0
- Employees
- 146
- Location
- Mililani, HI
- Founding
- 05/1974
- Data as of
- 07/2023
- EIN
- 23-7334963
Organization Overview
Hanalani Schools is located in Mililani, HI. The organization was established in 1974. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 07/2023, Hanalani Schools employed 146 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hanalani Schools 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 07/2023, Hanalani Schools generated $22.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 10.0% each year. All expenses for the organization totaled $12.6m during the year ending 07/2023. While expenses have increased by 2.9% 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
OUR MISSION IS TO TRAIN CHILDREN OF HOUSEHOLDS OF FAITH AND TO PROVIDE OPPORTUNITIES FOR ALL CHILDREN TO HEAR AND RECEIVE THE GOSPEL OF JESUS CHRIST. FROM A BIBLICAL FOUNDATION, WE STRIVE TO DEVELOP THE INTELLECTUAL, EMOTIONAL, AND SPIRITUAL CAPACITY OF STUDENTS IN A WIDE VARIETY OF FIELDS, AND TO LEAD THEM TO A DEEPER WORSHIP OF GOD AND CLOSER CONFORMITY TO THE IMAGE OF CHRIST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A SCHOOL OFFERING THE FOLLOWING LEVELS OF ACADEMICS:EARLY CHILDHOOD - GRADE K3 THRU GRADE K4ELEMENTARY - GRADE K5 THRU GRADE 6 UPPER SCHOOL - GRADE 7 THRU GRADE 12
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Sugimoto Secretary/treasurer/head Of School | OfficerTrustee | 40 | $188,854 |
Elijah Yip President | OfficerTrustee | 1 | $0 |
William Hopper Vice President | OfficerTrustee | 1 | $0 |
Daniel Kokubun Trustee | Trustee | 1 | $0 |
Chris Prendergast Trustee | Trustee | 1 | $0 |
Willam Terrance Rotz Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kec Hs 2 Solar Fund Llc Photovoltaic Solar Energy Provider | 7/30/18 | $268,254 |
Kec Hs Solar Fund Llc Photovoltaic Solar Energy Provider | 7/30/18 | $438,678 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $54,943 |
| Related organizations | $0 |
| Government grants | $1,784,314 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,223,223 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,062,480 |
| Total Program Service Revenue | $11,869,051 |
| Investment income | $2,550,130 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $328,085 |
| Net Gain/Loss on Asset Sales | -$1,256,619 |
| Net Income from Fundraising Events | $4,061 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $20,719 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $22,636,443 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,400,199 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $192,668 |
| Compensation of current officers, directors, key employees. | $192,668 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,608,913 |
| Pension plan accruals and contributions | $110,079 |
| Other employee benefits | $459,638 |
| Payroll taxes | $454,847 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $37,934 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $49,461 |
| Fees for services: Other | $225,862 |
| Advertising and promotion | $256,077 |
| Office expenses | $928,502 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $165,117 |
| Travel | $44,201 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $118,157 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $655,590 |
| Insurance | $411,200 |
| All other expenses | $119,349 |
| Total functional expenses | $12,557,369 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,000,493 |
| Savings and temporary cash investments | $671,268 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,418,478 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $49,332 |
| Prepaid expenses and deferred charges | $307,586 |
| Net Land, buildings, and equipment | $7,813,952 |
| Investments—publicly traded securities | $24,604,116 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $36,865,225 |
| Accounts payable and accrued expenses | $491,408 |
| Grants payable | $0 |
| Deferred revenue | $3,294,908 |
| 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 | $2,910,977 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $6,697,293 |
| Net assets without donor restrictions | $11,053,737 |
| Net assets with donor restrictions | $19,114,195 |
| 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 | $36,865,225 |