Hong Kong International School Association Limited
- Assets
- $465.2m
- Revenue
- $109.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Founding
- 11/2007
- Data as of
- 07/2021
- EIN
- 98-0483109
Organization Overview
Hong Kong International School Association Limited is located in null. The organization was established in 2007. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hong Kong International School Association Limited 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 07/2021, Hong Kong International School Association Limited generated $109.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $81.8m during the year ending 07/2021. While expenses have increased by 3.1% 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
HKIS PROVIDES AN AMERICAN STYLE EDUCATION GROUNDED IN CHRISTIAN FAITH AND RESPECTING THE SPIRITUAL LIVES OF ALL. THE SCHOOL PROVIDES OPPORTUNITIES FOR ACADEMIC DEVELOPMENT, INTELLECTUAL GROWTH, ARTISTIC FULFILLMENT AND MORAL AWARENESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HKIS IS A CO-EDUCATIONAL DAY SCHOOL SERVICING STUDENTS FROM OUR 4 YEAR OLD PRE-SCHOOL PROGRAM TO GRADE 12, WHO SEEK AN AMERICAN STYLE EDUCATION, GROUNDED IN CHRISTIAN FAITH AND RESPECTING THE SPIRITUAL LIVES OF ALL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ronald Anthony Roukema Head Of School | Officer | 40 | $0 |
Joy Yuri Okazaki Chief Operating Officer | Officer | 40 | $0 |
Kenneth Blake Fowler Chief Financial Officer | Officer | 40 | $0 |
Ho Young Kim Chairman | Trustee | 5 | $0 |
Eunie Lee Board Member | Trustee | 5 | $0 |
Christina Gaw Board Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $971,413 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,616,295 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,587,708 |
| Total Program Service Revenue | $74,758,917 |
| Investment income | $67,760 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $109,698,313 |
| 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 | $94,279 |
| 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 | $37,187,827 |
| Pension plan accruals and contributions | $3,890,728 |
| Other employee benefits | $15,871,459 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $377,335 |
| Fees for services: Accounting | $43,026 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $835,777 |
| Advertising and promotion | $206,614 |
| Office expenses | $235,667 |
| Information technology | $699,107 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $526,418 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $25,475 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,665,610 |
| Insurance | $335,620 |
| All other expenses | $848,458 |
| Total functional expenses | $81,759,623 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,207,722 |
| Savings and temporary cash investments | $90,025,200 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $255,116 |
| 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 | $694,967 |
| Net Land, buildings, and equipment | $235,000,025 |
| Investments—publicly traded securities | $126,826,073 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $171,795 |
| Total assets | $465,180,898 |
| Accounts payable and accrued expenses | $7,608,228 |
| Grants payable | $0 |
| Deferred revenue | $41,410,483 |
| 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 | $115,823,125 |
| Total liabilities | $164,841,836 |
| Net assets without donor restrictions | $0 |
| 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 | $272,400,372 |
| Retained earnings, endowment, accumulated income, or other funds | $27,938,690 |
| Total liabilities and net assets/fund balances | $465,180,898 |
Endowment Analysis
| Beg. Balance | $690,737 |
| Earnings | $160,942 |
| Net Contributions | $11,300 |
| Grants | -$3,466 |
| Ending Balance | $859,513 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mcmaster University Ontario | $2,782,562,539 | $954,591,107 |
Hebrew University Association Jerusalem Palestine | $3,248,315,000 | $946,360,171 |
University Of Saskatchewan | $2,207,784,972 | $816,404,692 |
Queens University At Kingston Department Of Financial Services | $2,643,962,738 | $804,073,117 |
Tel Aviv University | $2,569,449,000 | $866,534,000 |
University Of Manitoba | $2,384,369,000 | $788,244,000 |
Simon Fraser University | $2,219,643,595 | $690,303,634 |
Dalhousie University | $2,012,270,000 | $654,417,000 |
Universite De Sherbrooke | $840,417,269 | $587,133,569 |
University Of Victoria | $1,491,562,584 | $512,310,368 |
Carleton University | $1,411,228,764 | $491,246,640 |
University Of Regina | $613,836,715 | $302,225,011 |