Mid-Pacific Institute
- Assets
- $101.8m
- Revenue
- $45.1m
- Investments
- $21.3m
- Employees
- 471
- Location
- Honolulu, HI
- Founding
- 05/1946
- Data as of
- 07/2021
- EIN
- 99-0073514
Organization Overview
Mid-Pacific Institute is located in Honolulu, HI. The organization was established in 1946. 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 07/2021, Mid-Pacific Institute employed 471 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mid-Pacific Institute 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 07/2021, Mid-Pacific Institute generated $45.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $43.4m during the year ending 07/2021. While expenses have increased by 2.2% per year over the past 6 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PREPARE THE STUDENTS FOR HIGHER EDUCATION AND LIFE IN A CONSTANTLY CHANGING WORLD.
Describe the Organization's Program Activity:
MID-PACIFIC, ONE OF HAWAII'S MOST DYNAMIC AND FORWARD-THINKING EDUCATIONAL INSTITUTIONS, CONTINUES TO SET THE BAR AS A RIGOROUS, COEDUCATIONAL, COLLEGE PREPARATORY DAY SCHOOL FOR PRESCHOOL, KINDERGARTEN AND GRADES 1-12. CONSISTENTLY, MID-PACIFIC IS RECOGNIZED AS AN INNOVATOR OF EDUCATIONAL, TECHNOLOGICAL AND ARTISTIC PROGRAMS THAT DEVELOP ENLIGHTENED LEARNERS AND LEADERS. IT, TOO, IS COMMITTED TO PROVIDING A LEARNING ENVIRONMENT WHERE STUDENTS REACH THEIR FULL POTENTIAL ACADEMICALLY, ARTISTICALLY, SOCIALLY, PHYSICALLY AND SPIRITUALLY. MID-PACIFIC IS HOME TO 1,430 STUDENTS, 4% OF WHICH ARE FROM FOREIGN COUNTRIES, AND THIS INTERNATIONALISM PROMOTES AN UNDERSTANDING AND RESPECT FOR DIVERSITY THAT IS ESSENTIAL IN THE GLOBAL COMMUNITY. MID-PACIFIC INSTITUTE WAS THE FIRST SCHOOL IN HAWAII TO OFFER AN ACCREDITED, PRE-PROFESSIONAL ARTS TRAINING PROGRAM AS A COMPLEMENT TO ITS COLLEGE-PREPARATORY CURRICULUM, AS WELL AS THE FIRST SCHOOL IN THE STATE TO OFFER THE INTERNATIONAL BACCALAUREATE DIPLOMA PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Paul Turnbull President | Officer | 40 | $340,753 |
Patrick Garvey VP For Operations And Chie | Officer | 40 | $235,304 |
Leigh Fitzgerald VP Of Academic Affairs | Officer | 40 | $233,944 |
Edna Hussey Elementary School Principa | Officer | 40 | $201,579 |
Dr Dwayne Priester Middle School Principal | Officer | 40 | $188,505 |
Christi-Anne Kudo Chock Safety & Compliance Officer | 40 | $135,395 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Trane Us Inc Construction | 7/30/21 | $209,673 |
Kelly Services Inc Substitute Teachers | 7/30/21 | $183,235 |
Edward Enterprises Inc Printing & Mailing Services | 7/30/21 | $169,994 |
Prometheus Construction Inc Construction & Repair | 7/30/21 | $160,865 |
Hawaii Center For Children And Families Beharvioral, Psych & Counseling | 7/30/21 | $140,523 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $8,985 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,383,096 |
| Noncash contributions included in lines 1a–1f | $89,728 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,392,081 |
| Total Program Service Revenue | $41,024,782 |
| Investment income | $354,925 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$115,215 |
| Net Gain/Loss on Asset Sales | $1,206,038 |
| Net Income from Fundraising Events | $3,292 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$458 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $45,053,597 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $7,785,528 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,075,344 |
| Compensation of current officers, directors, key employees. | $857,538 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $18,471,713 |
| Pension plan accruals and contributions | $1,404,597 |
| Other employee benefits | $3,320,350 |
| Payroll taxes | $1,545,545 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $82,189 |
| Fees for services: Accounting | $67,052 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $113,378 |
| Fees for services: Investment Management | $48,966 |
| Fees for services: Other | $617,011 |
| Advertising and promotion | $30,673 |
| Office expenses | $382,839 |
| Information technology | $345,883 |
| Royalties | $1,089 |
| Occupancy | $1,399,190 |
| Travel | $3,576 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $64,576 |
| Interest | $235,098 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,982,247 |
| Insurance | $368,616 |
| All other expenses | $1,115,209 |
| Total functional expenses | $43,370,030 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,858,268 |
| Savings and temporary cash investments | $26,062,692 |
| Pledges and grants receivable | $588,373 |
| Accounts receivable, net | $281,082 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $39,361 |
| Prepaid expenses and deferred charges | $1,853,534 |
| Net Land, buildings, and equipment | $46,550,580 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $21,272,060 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,297,987 |
| Total assets | $101,803,937 |
| Accounts payable and accrued expenses | $3,323,195 |
| Grants payable | $0 |
| Deferred revenue | $13,771,254 |
| Tax-exempt bond liabilities | $10,327,703 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $122,582 |
| Unsecured mortgages and notes payable | $5,011,100 |
| Other liabilities | $1,488,690 |
| Total liabilities | $34,044,524 |
| Net assets without donor restrictions | $53,345,870 |
| Net assets with donor restrictions | $14,413,543 |
| 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 | $101,803,937 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Mid-Pacific Institute has recieved totaling $200.
| Awarding Organization | Amount |
|---|---|
Yamashita Foundation Of Hawaii Honolulu, HI PURPOSE: MID-PACIFIC FUND | $200 |
Endowment Analysis
| Beg. Balance | $16,379,717 |
| Earnings | $3,679,264 |
| Net Contributions | $685,969 |
| Grants | $448,888 |
| Ending Balance | $20,296,062 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Harvard-Westlake School Studio City, CA | $519,427,126 | $134,983,009 |
The Harker School San Jose, CA | $301,623,113 | $112,065,304 |
Taipei American School Foundation Los Angeles, CA | $200,440,067 | $84,912,591 |
Roessler-Chadwick Foundation Palos Verdes Peninsula, CA | $148,653,684 | $85,001,982 |
Antelope Valley Learning Academy Inc Valencia, CA | $39,011,789 | $89,911,071 |
Iolani School Honolulu, HI | $388,589,856 | $96,713,611 |
Valley Christian Schools San Jose, CA | $114,034,879 | $67,792,442 |
Crossroads School For Arts And Sciences Santa Monica, CA | $228,466,642 | $71,695,660 |
Brentwood School Los Angeles, CA | $181,845,528 | $61,517,128 |
Viewpoint Educational Foundation Calabasas, CA | $147,164,644 | $51,317,532 |
Francis Parker School San Diego, CA | $194,908,820 | $57,687,551 |
La Jolla Country Day School La Jolla, CA | $114,865,046 | $46,001,052 |