Mid-Pacific Institute
- Assets
- $123.1m
- Revenue
- $56.8m
- Investments
- $36.4m
- Employees
- 527
- Location
- Honolulu, HI
- Founding
- 05/1946
- Data as of
- 07/2023
- 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 07/2023, Mid-Pacific Institute employed 527 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 07/2023, Mid-Pacific Institute generated $56.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $44.0m during the year ending 07/2023. While expenses have increased by 1.9% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
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 1,400 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 |
|---|---|---|---|
Susanne Millard Trustee | Trustee | 0.5 | $0 |
Denis Isono Trustee | Trustee | 0.5 | $0 |
Norman Chong Trustee | Trustee | 0.8 | $0 |
Christopher Dods Trustee | Trustee | 0.5 | $0 |
Karl H Fujii Trustee | Trustee | 0.5 | $0 |
Dr Garrett T Hayashi Trustee | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Erc Specialists Llc Professional Service Fee For Filing Erc | 7/30/23 | $596,420 |
Eoh Enterprises Llc It Projects (Configure Network, Cabling, | 7/30/23 | $294,736 |
Sports Medicine Hawaii Ltd Athletic Trainer Services | 7/30/23 | $288,687 |
Lyle Hamasaki Construction Llc Construction Services | 7/30/23 | $286,989 |
Trane Us Inc Chiller / Ac Maintenance & Repairs | 7/30/23 | $203,155 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $22,340 |
| Related organizations | $0 |
| Government grants | $5,964,200 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,658,740 |
| Noncash contributions included in lines 1a–1f | $98,135 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,645,280 |
| Total Program Service Revenue | $43,279,528 |
| Investment income | $1,874,396 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $70,088 |
| Net Gain/Loss on Asset Sales | $60,954 |
| Net Income from Fundraising Events | $53,751 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,492 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $56,808,456 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $6,930,674 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,875,729 |
| Compensation of current officers, directors, key employees. | $664,206 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $18,703,560 |
| Pension plan accruals and contributions | $643,114 |
| Other employee benefits | $2,846,116 |
| Payroll taxes | $1,508,135 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $42,100 |
| Fees for services: Accounting | $73,440 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $94,792 |
| Fees for services: Investment Management | $57,841 |
| Fees for services: Other | $1,049,729 |
| Advertising and promotion | $42,350 |
| Office expenses | $630,943 |
| Information technology | $363,913 |
| Royalties | $0 |
| Occupancy | $1,432,643 |
| Travel | $150,458 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $96,351 |
| Interest | $228,292 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,943,993 |
| Insurance | $746,481 |
| All other expenses | $669,622 |
| Total functional expenses | $44,009,698 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,365,323 |
| Savings and temporary cash investments | $31,494,784 |
| Pledges and grants receivable | $5,883,984 |
| Accounts receivable, net | $558,703 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $30,047 |
| Prepaid expenses and deferred charges | $1,162,492 |
| Net Land, buildings, and equipment | $46,144,774 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $36,443,022 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $123,083,129 |
| Accounts payable and accrued expenses | $2,814,124 |
| Grants payable | $0 |
| Deferred revenue | $12,953,861 |
| Tax-exempt bond liabilities | $10,093,174 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $64,733 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,533,615 |
| Total liabilities | $27,459,507 |
| Net assets without donor restrictions | $73,534,462 |
| Net assets with donor restrictions | $22,089,160 |
| 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 | $123,083,129 |