Island Pacific Academy Inc
- Assets
- $15.1m
- Revenue
- $10.7m
- Investments
- $0.0
- Employees
- 146
- Location
- Kapolei, HI
- Founding
- 08/2003
- Data as of
- 06/2021
- EIN
- 68-0534162
Organization Overview
Island Pacific Academy Inc is located in Kapolei, HI. The organization was established in 2003. 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 06/2021, Island Pacific Academy Inc employed 146 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Island Pacific Academy 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, Island Pacific Academy Inc generated $10.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $10.3m during the year ending 06/2021. While expenses have increased by 4.5% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
ISLAND PACIFIC ACADEMY (IPA) IS A K-12 INDEPENDENT, COED, COLLEGE PREPARATORY SCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE A LEARNING ENVIRONMENT CONDUCIVE TO ACADEMIC SUCCESS FOR APPROXIMATELY 560 CHILDREN IN PRE-KINDERGARDEN THROUGH THE TWELFTH GRADE.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gerald Teramae Head Of Scho | Officer | 40 | $213,101 |
Sharon Yoshida Director Of | Officer | 40 | $99,993 |
Mike Hulser Former CFO | $15,570 | ||
Martha Camacho President | OfficerTrustee | 0.5 | $0 |
Del Mochizuki Treasurer | OfficerTrustee | 0.5 | $0 |
Patricia Liu Vice Preside | OfficerTrustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $181,025 |
| Related organizations | $0 |
| Government grants | $12,511 |
| All other contributions, gifts, grants, and similar amounts not included above | $588,880 |
| Noncash contributions included in lines 1a–1f | $17,994 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $782,416 |
| Total Program Service Revenue | $9,811,883 |
| Investment income | $61,259 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$138,531 |
| Net Gain/Loss on Asset Sales | $211,184 |
| Net Income from Fundraising Events | -$16,249 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,771 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,713,733 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $500 |
| Grants and other assistance to domestic individuals. | $819,005 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $321,389 |
| Compensation of current officers, directors, key employees. | $321,389 |
| Compensation to disqualified persons | $15,570 |
| Other salaries and wages | $4,768,283 |
| Pension plan accruals and contributions | $30,958 |
| Other employee benefits | $1,023,281 |
| Payroll taxes | $374,687 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $49,993 |
| Fees for services: Accounting | $37,539 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $21,731 |
| Fees for services: Other | $148,834 |
| Advertising and promotion | $50,176 |
| Office expenses | $92,843 |
| Information technology | $189,396 |
| Royalties | $0 |
| Occupancy | $1,111,557 |
| Travel | $259 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $34,184 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $220,833 |
| Insurance | $42,394 |
| All other expenses | $248,268 |
| Total functional expenses | $10,274,838 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,095,885 |
| Savings and temporary cash investments | $25,498 |
| Pledges and grants receivable | $40,000 |
| Accounts receivable, net | $7,896,291 |
| 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 | $114,844 |
| Net Land, buildings, and equipment | $881,569 |
| Investments—publicly traded securities | $2,664,536 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $418,101 |
| Total assets | $15,136,724 |
| Accounts payable and accrued expenses | $197,739 |
| Grants payable | $0 |
| Deferred revenue | $9,060,441 |
| 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 | $1,162,255 |
| Unsecured mortgages and notes payable | $1,093,500 |
| Other liabilities | $250,022 |
| Total liabilities | $11,763,957 |
| Net assets without donor restrictions | $2,907,212 |
| Net assets with donor restrictions | $465,555 |
| 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 | $15,136,724 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Island Pacific Academy Inc has recieved totaling $3,000.
| Awarding Organization | Amount |
|---|---|
Samuel Friedman Foundation Mission Hills, CA PURPOSE: EDUCATION OF CHILDREN | $3,000 |
Endowment Analysis
| Earnings | $504 |
| Admin Expense | $39 |
| Net Contributions | $10,000 |
| Ending Balance | $10,466 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Sierra Canyon High School Foundation Chatsworth, CA | $85,774,367 | $48,990,674 |
Mid-Pacific Institute Honolulu, HI | $101,803,937 | $45,053,597 |
St Margaret Of Scotland Episcopal School San Juan Capistrano, CA | $134,064,500 | $40,914,385 |
Polytechnic School Pasadena, CA | $171,943,339 | $44,872,252 |
Robert Louis Stevenson School Pebble Beach, CA | $122,648,077 | $40,501,209 |
Head-Royce School Oakland, CA | $139,836,677 | $50,710,547 |
San Domenico School San Anselmo, CA | $70,945,076 | $41,031,926 |
Buckley School Sherman Oaks, CA | $161,147,758 | $37,463,452 |
The High Desert Partnership In Academic Excellence Foundation Inc Apple Valley, CA | $122,407,472 | $39,911,807 |
Marlborough School Los Angeles, CA | $216,323,000 | $35,078,648 |