Maui Preparatory Academy
- Assets
- $8.5m
- Revenue
- $7.3m
- Investments
- $0.0
- Employees
- 68
- Location
- Lahaina, HI
- Founding
- 07/2001
- Data as of
- 06/2022
- 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 06/2022, Maui Preparatory Academy employed 68 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 06/2022, Maui Preparatory Academy generated $7.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $6.5m during the year ending 06/2022. While expenses have increased by 4.6% per year over the past 7 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
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. 291 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 |
|---|---|---|---|
Miguel Solis Head Of Scho | Officer | 40 | $162,196 |
Ralph Pais President | OfficerTrustee | 15 | $0 |
Amy Wisthoff-Martin Secretary | OfficerTrustee | 2 | $0 |
Ma'ann Sabino Vice Preside | OfficerTrustee | 10 | $0 |
Mark Merrill Treasurer | OfficerTrustee | 10 | $0 |
Raymond S F Chin Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Negotiated Construction Llc Construction | 6/29/20 | $3,342,873 |
We Are More Technology | 6/29/20 | $106,738 |
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 | $0 |
| Related organizations | $0 |
| Government grants | $426,093 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,377,514 |
| Noncash contributions included in lines 1a–1f | $411,090 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,803,607 |
| Total Program Service Revenue | $5,527,567 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,331,174 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $986,719 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $171,502 |
| Compensation of current officers, directors, key employees. | $51,451 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,621,591 |
| Pension plan accruals and contributions | $39,249 |
| Other employee benefits | $264,555 |
| Payroll taxes | $226,481 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $19,339 |
| Fees for services: Accounting | $21,448 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $30,069 |
| Advertising and promotion | $6,575 |
| Office expenses | $15,784 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $557,273 |
| Travel | $5,813 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $9,826 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $331,952 |
| Insurance | $70,330 |
| All other expenses | $101,196 |
| Total functional expenses | $6,505,730 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,215,687 |
| Savings and temporary cash investments | $130,343 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $133,905 |
| 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 | $65,095 |
| Net Land, buildings, and equipment | $6,940,189 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,485,219 |
| Accounts payable and accrued expenses | $210,778 |
| Grants payable | $0 |
| Deferred revenue | $861,955 |
| 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 | $148,652 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,221,385 |
| Net assets without donor restrictions | $6,946,199 |
| Net assets with donor restrictions | $317,635 |
| 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 | $8,485,219 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Maui Preparatory Academy has recieved totaling $344,013.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $175,500 |
Ohana Foundation San Francisco, CA PURPOSE: TO MAKE UP FOR THE GAP BETWEEN TUITION AND THE ACTUAL COST OF EDUCATING THE STUDENTS | $100,000 |
Graham Family Foundation Inc Atlanta, GA PURPOSE: GENERAL PROGRAM SERVICES | $26,500 |
The Roddenberry Foundation Sherman Oaks, CA PURPOSE: EDUCATIONAL OFFERINGS FOR K-12 STUDENTS | $10,000 |
Goldsmith Foundation Incorporated Memphis, TN PURPOSE: ANNUAL SUPPORT | $10,000 |
Atherton Family Foundation Honolulu, HI PURPOSE: PUEO TECHNOLOGICAL ADVANCES | $10,000 |
Endowment Analysis
| Beg. Balance | $2,250 |
| Ending Balance | $2,250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Synergy Academies Los Angeles, CA | $22,403,920 | $21,618,793 |
San Diego Jewish Academy San Diego, CA | $60,657,178 | $18,702,706 |
Curtis School Foundation Los Angeles, CA | $75,927,733 | $19,348,920 |
Excel Academy Charter Schools San Marcos, CA | $11,403,735 | $18,058,297 |
Le Lycee Francais De Los Angeles Los Angeles, CA | $97,517,378 | $23,043,510 |
Willows Community School Culver City, CA | $69,044,375 | $19,353,304 |
Hawking Steam Charter Schools Inc Chula Vista, CA | $87,803,315 | $18,115,527 |
Stem Preparatory Schools Inc Los Angeles, CA | $15,250,781 | $22,306,511 |
San Jacinto Valley Academy Inc San Jacinto, CA | $34,100,540 | $18,923,540 |
Educational Enrichment Systems Inc San Diego, CA | $11,058,337 | $15,963,702 |
Drew School San Francisco, CA | $38,712,933 | $16,113,133 |
Ojai Valley School Ojai, CA | $55,273,215 | $19,168,595 |