Seagull Schools Inc
- Assets
- $20.0m
- Revenue
- $8.6m
- Investments
- $0.0
- Employees
- 210
- Location
- Kailua, HI
- Founding
- 01/1974
- Data as of
- 06/2021
- EIN
- 99-0155163
Organization Overview
Seagull Schools Inc is located in Kailua, HI. The organization was established in 1974. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 06/2021, Seagull Schools Inc employed 210 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Seagull Schools 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 06/2021, Seagull Schools Inc generated $8.6m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $7.9m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (2.6%) per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO MEET THE EDUCATIONAL AND ELDERLY CARE NEEDS OF HAWAII'S DIVERSE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEAGULL'S STUDENT ENROLLMENT STABILIZED DURING THE SECOND YEAR OF THE PANDEMIC WITH FIVE EARLY EDUCATION CENTERS OPERATING AT ABOUT 75% OF OVERALL LICENSED CAPACITY. FINANCIALLY, THE ORGANIZATION ALSO DID VERY WELL TO SECURE A SECOND PPP LOAN WHICH WE CONVERTED TO A GRANT AND SECURING ALMOST $3M IN FEDERAL ARPA FUNDING. THE COMBINATION OF LOANS AND GRANTS HAS HELPED RESTORE THE EARLY EDUCATION PROGRAMS AND HAS PUT THE ORGANIZATION ON MORE SOLID FOOTING. SEAGULL SCHOOLS ALSO CONTINUES TO BE A LEADER IN THE EARLY EDUCATION SECTOR IN HAWAII, TAKING A LEAD ROLE ON THE STATE'S EARLY LEARNING BOARD, CHILDCARE BUSINESS COALITION AND IS A REGULAR SUPPORTER OF OTHER NON-PROFITS IN EARLY EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Megan Mccorriston CEO | Officer | 40 | $179,993 |
Julie Upton CFO | Officer | 40 | $105,642 |
Peter Heimerdinger COO | Officer | 40 | $81,732 |
Keane Omaye-Backman Vice President | OfficerTrustee | 10 | $0 |
Cheryl Soon Director | Trustee | 2 | $0 |
Kevin Doyle President | OfficerTrustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,300,739 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,226 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,306,965 |
| Total Program Service Revenue | $7,319,104 |
| Investment income | $406 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $6,162 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,632,707 |
| 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. | $378,449 |
| Compensation of current officers, directors, key employees. | $239,195 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,956,841 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $813,447 |
| Payroll taxes | $307,319 |
| 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 | $153,918 |
| Advertising and promotion | $52,718 |
| Office expenses | $129,748 |
| Information technology | $5,726 |
| Royalties | $0 |
| Occupancy | $197,371 |
| Travel | $8,525 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,834 |
| Interest | $138,965 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $427,164 |
| Insurance | $151,717 |
| All other expenses | $104,037 |
| Total functional expenses | $7,909,671 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,396,856 |
| Savings and temporary cash investments | $1,093,670 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $222,496 |
| 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 | $109,286 |
| Net Land, buildings, and equipment | $13,165,507 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $19,987,815 |
| Accounts payable and accrued expenses | $455,412 |
| Grants payable | $0 |
| Deferred revenue | $620,122 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $3,418,995 |
| Other liabilities | $3,457,217 |
| Total liabilities | $7,951,746 |
| Net assets without donor restrictions | $12,036,069 |
| Net assets with donor restrictions | $0 |
| 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 | $19,987,815 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Seagull Schools Inc has recieved totaling $22,619.
| Awarding Organization | Amount |
|---|---|
Samuel N & Mary Castle Foundation Honolulu, HI PURPOSE: TUITION ASSISTANCE FOR LOW-INCOME FAMILIES | $15,000 |
Aloha United Way Inc Honolulu, HI PURPOSE: GENERAL OPERATING GRANT | $7,523 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $96 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Child Start Incorporated Napa, CA | $8,014,837 | $18,886,545 |
Institute For Human & Social Development Inc San Mateo, CA | $7,306,180 | $14,787,145 |
Keys Family Day School Inc Palo Alto, CA | $33,258,594 | $15,731,611 |
The San Francisco School San Francisco, CA | $30,677,373 | $14,481,306 |
Hanalani Schools Mililani, HI | $23,961,358 | $16,139,886 |
Berkeley Hall School Foundation Los Angeles, CA | $27,121,443 | $12,682,160 |
Vacaville Christian Academy Vacaville, CA | $16,291,223 | $10,950,312 |
Renu Hope Foundation Beaumont, CA | $4,671,347 | $11,223,542 |
Keiki O Ka Aina Preschool Inc Honolulu, HI | $8,797,502 | $10,994,448 |
Marin Montessori School Inc Corte Madera, CA | $24,835,339 | $10,702,603 |
Seagull Schools Inc Kailua, HI | $19,987,815 | $8,632,707 |
Fountainhead Inc Dublin, CA | $4,895,908 | $2,127,012 |