Kamalani Academy
- Assets
- $0.0
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 53
- Location
- Wahiawa, HI
- Founding
- 01/2017
- Data as of
- 06/2019
- EIN
- 81-4065927
Organization Overview
Kamalani Academy is located in Wahiawa, HI. The organization was established in 2017. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2019, Kamalani Academy employed 53 individuals. Kamalani Academy 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 06/2019, Kamalani Academy generated $2.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (8.9%) each year. All expenses for the organization totaled $2.4m during the year ending 06/2019. As we would expect to see with falling revenues, expenses have declined by (5.7%) per year over the past 2 years. 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
THE NEED BEHIND THE KAMALANI ACADEMY VISION IS WELL DESCRIBED BY THE EMINENT EDUCATOR DR. LINDA DARLING HAMMOND OF STANFORD UNIVERSITY: THE NEW MISSION OF SCHOOLS IS TO PREPARE STUDENTS TO WORK AT JOBS THAT DO NOT YET EXIST, CREATING IDEAS AND SOLUTIONS FOR PRODUCTS AND PROBLEMS THAT HAVE NOT YET BEEN IDENTIFIED, USING TECHNOLOGIES THAT HAVE NOT YET BEEN INVENTED. WE MUST TEACH OUR WAY OUT.IN THE YEARS AHEAD, IT WILL NOT BE ENOUGH TO KNOW MATH, SCIENCE, AND READING. THOSE WHO ARE SUCCESSFUL WILL BE ABLE TO DEAL WITH AN INCREASINGLY RAPID RATE OF CHANGE WHERE THE FUTURE WILL BE UNKNOWN. ALREADY, EMPLOYERS ARE SAYING THAT THEIR MOST VALUABLE EMPLOYEES ARE THOSE WHO ARE FLEXIBLE, CREATIVE, PERSISTENT, COMMUNICATE WELL, LISTEN, AND CAN WORK IN TEAMS. OUR VISION IS TO HAVE OUR STUDENTS LEARN THESE SOFT SKILLS THROUGH ARTS INTEGRATED EDUCATION.KAMALANIS VISION IS TO CREATE A SPACE WHERE CHILDREN BECOME LEADERS, PREPARED FOR A TWENTY-FIRST CENTURY WE CANNOT EVEN IMAGINE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
K-8 ELEMENTARY EDUCATION EMPHASIZING ARTS IN THE CURRICULUM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kalani Fronda Secretary | OfficerTrustee | 1 | $0 |
Ku'uipo Laumatia Chairman | OfficerTrustee | 1 | $0 |
Steve Davidson Vice Chair | OfficerTrustee | 1 | $0 |
Lani Pili Treasurer | OfficerTrustee | 1 | $0 |
Elizabeth Love Trustee | Trustee | 1 | $0 |
Scott Nakagawa Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,333,584 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,333,584 |
| Total Program Service Revenue | $60,008 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,393,592 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,134,020 |
| Pension plan accruals and contributions | $14,128 |
| Other employee benefits | $42,184 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $38,346 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $18,017 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $159,450 |
| Insurance | $0 |
| All other expenses | $100,297 |
| Total functional expenses | $2,389,495 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $303,651 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $207,201 |
| 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 | $0 |
| Net Land, buildings, and equipment | $385,080 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | -$895,932 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $311,381 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $386,066 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | -$895,932 |
| Total liabilities | -$198,485 |
| Unrestricted restricted net Assets | $72,509 |
| Temporarily restricted net Assets | $125,976 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $198,485 |
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