Maui Preparatory Academy
- Assets
- $8.9m
- Revenue
- $8.2m
- Investments
- $0.0
- Employees
- 62
- Location
- Lahaina, HI
- Founding
- 07/2001
- Data as of
- 06/2023
- EIN
- 99-0354508
Organization Overview
Maui Preparatory Academy is located in Lahaina, HI. The organization was established in 2001. 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 06/2023, Maui Preparatory Academy employed 62 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maui 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 06/2023, Maui Preparatory Academy generated $8.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $7.8m during the year ending 06/2023. While expenses have increased by 6.4% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE SCHOOL STRIVES TO PROVIDE A SUPERIOR EDUCATIONAL PROGRAM IN A SAFE, NUTURING, AND STIMULATING ENVIRONMENT. THE SCHOOL IS DEVOTED TO HELPING STUDENTS REACH BEYOND THEIR PERCEIVED LEVEL OF ABILITY THROUGH A CURRICULUM THAT FOCUSES ON EQUITY, ECOLOGY AND ECONOMY AS TEACHING GOALS AND LEARNING OBJECTIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHILDREN ARE PROVIDED WITH A CURRICULUM THAT BLENDS A RIGOROUS INTERDISCIPLINARY ACADEMIC PROGRAM WITH A COMMITMENT TO PROVIDE A NURTURING, CARING, AND SAFE LEARNING EXPERIENCE. 288 CHILDREN IN PRE-SCHOOL, KINDERGARTEN, AND GRADES 1-12 RECEIVED COLLEGE PREPARATORY EDUCATION DURING THE SCHOOL YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ma'ann Sabino President | OfficerTrustee | 15 | $0 |
Steve Triplett Vice Preside | OfficerTrustee | 10 | $0 |
Tim Hehemann Secretary | OfficerTrustee | 15 | $0 |
Mark Merrill Treasurer | OfficerTrustee | 10 | $0 |
Ralph Pais Trustee | Trustee | 2 | $0 |
Thad Henry Trustee | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
We Are More Technology | 6/29/20 | $106,738 |
Negotiated Construction Llc Construction | 6/29/20 | $3,342,873 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $197,154 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,056,847 |
| Noncash contributions included in lines 1a–1f | $167,855 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,254,001 |
| Total Program Service Revenue | $6,145,284 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$458 |
| Net Income from Fundraising Events | -$57,141 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,187,161 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,311,702 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $187,851 |
| Compensation of current officers, directors, key employees. | $56,355 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,280,645 |
| Pension plan accruals and contributions | $35,049 |
| Other employee benefits | $327,277 |
| Payroll taxes | $278,320 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $27,995 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $35,636 |
| Advertising and promotion | $9,871 |
| Office expenses | $18,221 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $897,650 |
| Travel | $2,582 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $395,962 |
| Insurance | $92,611 |
| All other expenses | $102,818 |
| Total functional expenses | $7,787,222 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,770,341 |
| Savings and temporary cash investments | $129,793 |
| Pledges and grants receivable | $25,000 |
| Accounts receivable, net | $41,468 |
| 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 | $45,120 |
| Net Land, buildings, and equipment | $6,903,570 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,915,292 |
| Accounts payable and accrued expenses | $230,026 |
| Grants payable | $0 |
| Deferred revenue | $1,021,493 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,251,519 |
| Net assets without donor restrictions | $7,308,955 |
| Net assets with donor restrictions | $354,818 |
| 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 | $8,915,292 |