Island Pacific Academy Inc
- Assets
- $6.5m
- Revenue
- $12.2m
- Investments
- $0.0
- Employees
- 169
- Location
- Kapolei, HI
- Founding
- 08/2003
- Data as of
- 06/2022
- EIN
- 68-0534162
Organization Overview
Island Pacific Academy Inc is located in Kapolei, HI. The organization was established in 2003. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Island Pacific Academy Inc employed 169 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Island Pacific Academy Inc 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 06/2022, Island Pacific Academy Inc generated $12.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $10.4m during the year ending 06/2022. While expenses have increased by 4.1% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
ISLAND PACIFIC ACADEMY (IPA) IS A K-12 INDEPENDENT, COED, COLLEGE PREPARATORY SCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE A LEARNING ENVIRONMENT CONDUCIVE TO ACADEMIC SUCCESS FOR APPROXIMATELY 560 CHILDREN IN PRE-KINDERGARDEN THROUGH THE TWELFTH GRADE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Martha Camacho President | OfficerTrustee | 0.5 | $0 |
Mike Rompel Vice Preside | OfficerTrustee | 0.5 | $0 |
Del Mochizuki Treasurer | OfficerTrustee | 0.5 | $0 |
Cayenne Pe'a Secretary | OfficerTrustee | 0.5 | $0 |
Teddi Anderson Trustee | Trustee | 0.5 | $0 |
Susan Eichor Trustee | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $181,639 |
| Related organizations | $0 |
| Government grants | $1,108,272 |
| All other contributions, gifts, grants, and similar amounts not included above | $813,899 |
| Noncash contributions included in lines 1a–1f | $14,691 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,103,810 |
| Total Program Service Revenue | $10,208,982 |
| Investment income | $67,294 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$156,167 |
| Net Gain/Loss on Asset Sales | -$51,384 |
| Net Income from Fundraising Events | $47,059 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $4,959 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,224,553 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $728,263 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $312,706 |
| Compensation of current officers, directors, key employees. | $312,706 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,759,265 |
| Pension plan accruals and contributions | $28,842 |
| Other employee benefits | $913,820 |
| Payroll taxes | $379,497 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $36,047 |
| Fees for services: Accounting | $60,209 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $24,608 |
| Fees for services: Other | $229,513 |
| Advertising and promotion | $163,706 |
| Office expenses | $94,716 |
| Information technology | $194,532 |
| Royalties | $0 |
| Occupancy | $1,012,276 |
| Travel | $2,634 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $16,167 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $349,251 |
| Insurance | $76,372 |
| All other expenses | $412,427 |
| Total functional expenses | $10,421,850 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,586,019 |
| Savings and temporary cash investments | $36,916 |
| Pledges and grants receivable | $30,000 |
| Accounts receivable, net | -$535,854 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $43,478 |
| Net Land, buildings, and equipment | $720,996 |
| Investments—publicly traded securities | $2,285,596 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,301,482 |
| Total assets | $6,468,633 |
| Accounts payable and accrued expenses | $171,515 |
| Grants payable | $0 |
| Deferred revenue | $887,449 |
| 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 | $473,489 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $120,898 |
| Total liabilities | $1,653,351 |
| Net assets without donor restrictions | $4,323,338 |
| Net assets with donor restrictions | $491,944 |
| 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 | $6,468,633 |