Assets School
- Assets
- $29.4m
- Revenue
- $10.9m
- Investments
- $0.0
- Employees
- 120
- Location
- Honolulu, HI
- Founding
- 03/1956
- Data as of
- 06/2021
- EIN
- 99-6001152
Organization Overview
Assets School is located in Honolulu, HI. The organization was established in 1956. According to its NTEE Classification (B28) the organization is classified as: Special Education, under the broad grouping of Education and related organizations. As of 06/2021, Assets School employed 120 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Assets School 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, Assets School generated $10.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $8.6m during the year ending 06/2021. 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
IS TO SERVE GIFTED AND CAPABLE STUDENTS, SPECIALIZING IN THOSE WITH DYSLEXIA AND OTHER LANGUAGE-BASED LEARNING DIFFERENCES. WE PROVIDE A STRENGTH-BASED PROGRAM, COMPLEMENTED BY OUTREACH AND TRAINING, THAT EMPOWERS STUDENTS TO BECOME EFFECTIVE LEARNERS AND CONFIDENT SELF-ADVOCATES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED LEARNING AND STRENGTH-BASED PROGRAMS, COMPLEMENTED BY OUTREACH & TRAINING TO CHILDREN IN GRADES K-12 WHO ARE GIFTED, DYSLEXIC AND WITH LEARNING DISABILITIES AND/OR BOTH. APPROXIMATE ENROLLMENT DURING THE FISCAL YEAR ENDING JUNE 30, 2021 WAS 340 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ryan Masa Head Of School | Officer | 40 | $179,699 |
Simon Treacy Vice Chairman | OfficerTrustee | 2 | $0 |
Kent R Lau Secretary | OfficerTrustee | 2 | $0 |
Kitty Yannone Chairman Of Board | OfficerTrustee | 3 | $0 |
Joann Lumsden Treasurer | OfficerTrustee | 3 | $0 |
Peter Backus Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Maloney Construction General Contractor For Repairs | 6/29/18 | $194,533 |
Group 70 International Design Services For K4 Village | 6/29/18 | $113,942 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $18,048 |
| Membership dues | $0 |
| Fundraising events | $108,920 |
| Related organizations | $0 |
| Government grants | $1,052,600 |
| All other contributions, gifts, grants, and similar amounts not included above | $532,590 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,712,158 |
| Total Program Service Revenue | $8,313,613 |
| Investment income | $363,030 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $308,211 |
| Net Income from Fundraising Events | $161,228 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,858,240 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,196,532 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $269,576 |
| Compensation of current officers, directors, key employees. | $53,915 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,487,806 |
| Pension plan accruals and contributions | $90,473 |
| Other employee benefits | $713,163 |
| Payroll taxes | $340,684 |
| 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 | $45,372 |
| Fees for services: Other | $182,865 |
| Advertising and promotion | $46,951 |
| Office expenses | $287,890 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $202,429 |
| Travel | $2,900 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $802 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $545,226 |
| Insurance | $78,267 |
| All other expenses | $0 |
| Total functional expenses | $8,607,124 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,818,253 |
| Savings and temporary cash investments | $3,705,589 |
| Pledges and grants receivable | $300,435 |
| Accounts receivable, net | $151,853 |
| 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 | $154,312 |
| Net Land, buildings, and equipment | $17,182,421 |
| Investments—publicly traded securities | $5,037,876 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $29,350,739 |
| Accounts payable and accrued expenses | $372,692 |
| Grants payable | $0 |
| Deferred revenue | $295,283 |
| 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 | $667,975 |
| Net assets without donor restrictions | $13,479,673 |
| Net assets with donor restrictions | $15,203,091 |
| 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 | $29,350,739 |
Grants Recieved
Over the last fiscal year, we have identified 13 grants that Assets School has recieved totaling $121,309.
| Awarding Organization | Amount |
|---|---|
Hawaii Dental Service Honolulu, HI PURPOSE: SUPPORT FOR COMMUNITY SERVICES PROVIDED BY THE NON-PROFIT ORGANIZATION | $50,000 |
Aloha United Way Inc Honolulu, HI PURPOSE: GENERAL OPERATING GRANT | $18,387 |
Cottington Trust For Gifted Children Honolulu, HI PURPOSE: ASSITANCE FOR GIFTED | $11,000 |
Cades Foundation Honolulu, HI PURPOSE: UNRESTRICTED GIFT | $10,000 |
Macnaughton Foundation Honolulu, HI PURPOSE: EDUCATION | $10,000 |
Central Pacific Bank Foundation Honolulu, HI PURPOSE: ILLUMINATIONS FUNDRAISING EVENT | $10,000 |
Endowment Analysis
| Beg. Balance | $3,827,933 |
| Earnings | $874,877 |
| Ending Balance | $4,702,810 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Institute For The Redesign Of Learning South Pasadena, CA | $15,785,438 | $19,718,110 |
New School For Child Development A Non-Profit Corp Sherman Oaks, CA | $70,855,402 | $24,393,908 |
Mirman School For Gifted Children Los Angeles, CA | $47,520,876 | $18,601,911 |
Ecole Bilingue Berkeley, CA | $33,006,768 | $15,759,391 |
H E L P Group West Sherman Oaks, CA | $26,040,794 | $16,433,872 |
Learning With A Difference Inc Encino, CA | $24,959,978 | $17,556,894 |
Charles Armstrong School Belmont, CA | $29,837,306 | $12,609,845 |
Escuela Popular Del Pueblo San Jose, CA | $34,236,937 | $14,055,995 |
Pediatric Therapy Network Torrance, CA | $0 | $12,859,191 |
Institute For Effective Education San Diego, CA | $31,029,793 | $13,927,303 |
Villa Esperanza Services Pasadena, CA | $33,971,130 | $14,047,530 |
Therapeutic Living Centers For The Blind Inc Reseda, CA | $9,807,613 | $12,335,730 |