American Renaissance Academy
- Assets
- $2.6m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 29
- Location
- Kapolei, HI
- Founding
- 03/2008
- Data as of
- 12/2022
- EIN
- 26-0186914
Organization Overview
American Renaissance Academy is located in Kapolei, HI. The organization was established in 2008. 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 12/2022, American Renaissance Academy employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Renaissance 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 12/2022, American Renaissance Academy generated $2.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $2.2m during the year ending 12/2022. While expenses have increased by 3.2% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
AMERICAN RENAISSANCE ACADEMY ARA IS AN INDEPENDENT, NON-DENOMINATIONAL EDUCATIONAL INSTITUTION ITS MISSION IS TO PROVIDE THE HIGHEST QUALITY COLLEGE PREPARATORY EDUCATION IN THE STATE OF HAWAII. IT IS COMMITTED TO A RIGOROUS, INDIVIDUALIZED AND COMPREHENSIVE CURRICULUM INCLUDING A STRONG EMPHASIS ON THE ARTS AND ATHLETICS IN A SAFE, SMALL AND SUPPORTIVE ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ARAS IS LICENSED BY THE HAWAII COUNCIL OF INDEPENDENT SCHOOLS AND PROVIDES SCHOOL CURRICULUM FOR STUDENTS IN GRADES PK-12. CURRICULUM PROGRAM COSTS ALSO INCLUDE THOSE FOR VARIOUS AFTER SCHOOL PROGRAMS TO PROMOTE THE ARTS AND ATHLETICS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daimon Hudson Chairman | OfficerTrustee | 24 | $0 |
Kelly Tanizaki Chief Executive Officer | OfficerTrustee | 24 | $0 |
Laurie K Chesney Treasurer | OfficerTrustee | 1 | $0 |
Derek Tanizaki-Hudson Secretary | OfficerTrustee | 1 | $0 |
Dave Porter Member-At-Large | Trustee | 1 | $0 |
Gary M Levitt Attorney-At-Law | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $515,749 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $515,749 |
| Total Program Service Revenue | $1,596,438 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $42,301 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $15,731 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,171,732 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $804,000 |
| Pension plan accruals and contributions | $48,000 |
| Other employee benefits | $0 |
| Payroll taxes | $76,834 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $62 |
| Fees for services: Accounting | $9,722 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $74,970 |
| Advertising and promotion | $5,225 |
| Office expenses | $9,293 |
| Information technology | $4,837 |
| Royalties | $0 |
| Occupancy | $473,773 |
| Travel | $6,861 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,446 |
| Interest | $50 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $141,756 |
| Insurance | $141,756 |
| All other expenses | $183,619 |
| Total functional expenses | $2,241,732 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $281,436 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $507,198 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $496,830 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,292,124 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $63,410 |
| Total assets | $2,640,998 |
| Accounts payable and accrued expenses | $52,762 |
| Grants payable | $0 |
| Deferred revenue | $580,428 |
| 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 | $2,339,669 |
| Total liabilities | $2,972,859 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | -$331,861 |
| 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 | $2,640,998 |