Assets School
- Assets
- $30.4m
- Revenue
- $10.8m
- Investments
- $0.0
- Employees
- 123
- Location
- Honolulu, HI
- Founding
- 03/1956
- Data as of
- 06/2022
- 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 06/2022, Assets School employed 123 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 06/2022, Assets School generated $10.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $9.0m during the year ending 06/2022. While expenses have increased by 0.3% 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
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, 2022 WAS 319 STUDENTS.
PROVIDED COMPREHENSIVE PSYCHOLOGICAL & PSYCHOEDUCTIONAL ASSESSMENTS TO CHILDREN WHO MAY BE STRUGGLING WITH COGNITIVE DIFFICULTIES, LEARNING DIFFERENCES AND/OR EMTIONAL AND BEHAVIOR CHALLENGES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Catherine Yannone Chairman Of Board | OfficerTrustee | 3 | $0 |
Suzy Hollinger Vice Chairman | OfficerTrustee | 2 | $0 |
Kent R Lau Secretary | OfficerTrustee | 2 | $0 |
Joann Lumsden Treasurer | OfficerTrustee | 2 | $0 |
Peter Backus Trustee | Trustee | 1 | $0 |
Maenette K P Benham Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Group 70 International Design Services For K4 Village | 6/29/18 | $113,942 |
Maloney Construction General Contractor For Repairs | 6/29/18 | $194,533 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $11,023 |
| Membership dues | $0 |
| Fundraising events | $105,440 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,096,767 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,213,230 |
| Total Program Service Revenue | $9,033,456 |
| Investment income | $94,845 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $350,201 |
| Net Income from Fundraising Events | $71,277 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,763,009 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,209,723 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $204,775 |
| Compensation of current officers, directors, key employees. | $40,955 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,585,290 |
| Pension plan accruals and contributions | $91,298 |
| Other employee benefits | $675,680 |
| Payroll taxes | $354,597 |
| 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 | $54,329 |
| Fees for services: Other | $174,484 |
| Advertising and promotion | $86,524 |
| Office expenses | $469,018 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $218,222 |
| Travel | $4,928 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $524,967 |
| Insurance | $104,985 |
| All other expenses | $0 |
| Total functional expenses | $8,955,995 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,700,410 |
| Savings and temporary cash investments | $4,732,369 |
| Pledges and grants receivable | $90,648 |
| Accounts receivable, net | $103,120 |
| 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 | $180,809 |
| Net Land, buildings, and equipment | $16,984,956 |
| Investments—publicly traded securities | $4,623,516 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $30,415,828 |
| Accounts payable and accrued expenses | $336,363 |
| Grants payable | $0 |
| Deferred revenue | $377,749 |
| 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 | $714,112 |
| Net assets without donor restrictions | $15,002,687 |
| Net assets with donor restrictions | $14,699,029 |
| 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 | $30,415,828 |