Hawaii Preparatory Academy
- Assets
- $147.1m
- Revenue
- $28.6m
- Investments
- $0.0
- Employees
- 315
- Location
- Kamuela, HI
- Founding
- 09/1958
- Data as of
- 05/2022
- EIN
- 99-0078306
Organization Overview
Hawaii Preparatory Academy is located in Kamuela, HI. The organization was established in 1958. 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 05/2022, Hawaii Preparatory Academy employed 315 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hawaii Preparatory 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 05/2022, Hawaii Preparatory Academy generated $28.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $28.8m during the year ending 05/2022. While expenses have increased by 1.6% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATION
Describe the Organization's Program Activity:
K-12 EDUCATIONAL PROGRAM - PROVIDES EDUCATION FOR APPROXIMATELY 600 STUDENTS FROM KINDERGARTEN TO GRADE 12
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark A Noetzel Dean Of Campus Life | 40 | $143,623 | |
S Fred Wawner Second Vice President & Head Of School | Officer | 40 | $127,591 |
Amy Leigh Cole Director Of Studies | 40 | $119,728 | |
Glenn W Chickering Ms Principal | 40 | $108,869 | |
John K Spencer Us Principal | 40 | $106,361 | |
Max Gygax Former Assistant Treasurer | Officer | 40 | $87,305 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Flik Independent School Dining Food Service | 5/30/22 | $1,877,937 |
Allied Universal Security Services Security Services | 5/30/22 | $349,163 |
L Arafiles Builders Llc Building & Grounds Improvement | 5/30/22 | $271,621 |
Kec Ohana Solar Fund 2013 Llc Solar System | 5/30/22 | $227,052 |
Kristin Fogdall Studio Production Marketing & Website Upgrade | 5/30/22 | $177,030 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $210,423 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,798,655 |
| Noncash contributions included in lines 1a–1f | $435,249 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,009,078 |
| Total Program Service Revenue | $23,006,552 |
| Investment income | $2,307,073 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $793,146 |
| Net Income from Fundraising Events | $15,571 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $27,180 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $28,601,591 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,109,108 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $396,253 |
| Compensation of current officers, directors, key employees. | $237,752 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,893,440 |
| Pension plan accruals and contributions | $753,986 |
| Other employee benefits | $3,783,826 |
| Payroll taxes | $849,407 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $232,377 |
| Fees for services: Accounting | $46,185 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $148,619 |
| Fees for services: Other | $353,176 |
| Advertising and promotion | $124,683 |
| Office expenses | $1,235,673 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,966,572 |
| Travel | $69,574 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $80,250 |
| Interest | $111,981 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,585,333 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $28,833,205 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $547,402 |
| Savings and temporary cash investments | $930,475 |
| Pledges and grants receivable | $295,000 |
| Accounts receivable, net | $115,935 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,361,199 |
| Prepaid expenses and deferred charges | $379,991 |
| Net Land, buildings, and equipment | $50,541,570 |
| Investments—publicly traded securities | $27,187,512 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $64,772,652 |
| Total assets | $147,131,736 |
| Accounts payable and accrued expenses | $3,262,420 |
| Grants payable | $0 |
| Deferred revenue | $2,405,837 |
| 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 | $3,531,860 |
| Unsecured mortgages and notes payable | $2,350,000 |
| Other liabilities | $0 |
| Total liabilities | $11,550,117 |
| Net assets without donor restrictions | $49,718,867 |
| Net assets with donor restrictions | $85,862,752 |
| 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 | $147,131,736 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Hawaii Preparatory Academy has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Gates Family Foundation Denver, CO PURPOSE: UNRESTRICTED | $5,000 |
Endowment Analysis
| Beg. Balance | $29,022,885 |
| Earnings | -$551,929 |
| Net Contributions | $1,087,700 |
| Other Expense | $1,066,867 |
| Ending Balance | $28,491,789 |
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 |