2023-07-17T22:26:10-05:00 2022-08-31 421539623 KMH LLP 1003 BISHOP STREET SUITE 2400 HONOLULU HI 96813 990 2021-09-01 990075242 KCAA PRESCHOOLS OF HAWAII KCAA 8089419414 2707 SOUTH KING STREET HONOLULU HI 96826 CHRISTINA COX PRESIDENT 8089419414 2023-07-17 1 CHRISTINA COX 999009999 CHRISTOPHER CASSIDY P01237316 8085262255 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z CHRISTINA COX 2707 SOUTH KING STREET HONOLULU HI 96826 9022691 0 X WWW.KCAAPRESCHOOLS.ORG X 1895 HI TO BUILD A SOLID FOUNDATION FOR HAWAII'S CHILDREN THROUGH EXCELLENT EARLY EDUCATION PROGRAMS. 15 15 89 0 0 0 1928088 491041 2829000 5644023 156164 159251 24165 2130271 4937417 8424586 90567 157403 0 0 3091867 4535413 31414 31414 31414 2354140 3257806 5567988 7982036 -630571 442550 11692279 11157868 3321317 3258274 8370962 7899594 THE MISSION OF KCAA IS TO BUILD A SOLID FOUNDATION FOR HAWAII'S CHILDREN THROUGH EXCELLENT EARLY EDUCATION PROGRAMS. 0 0 6245270 157403 5644023 PROVIDING A NURTURING AND DEVELOPMENTALLY APPROPRIATE LEARNING ENVIRONMENT FOR CHILDREN BETWEEN THE AGES OF 2 YEARS AND 6 YEARS. THE AVERAGE ENROLLMENT WAS 332/MONTH. KCAA WAS CLOSED DUE TO COVID-19 FROM MARCH 2021 - JUNE 2021 AND REOPENED TWO OF ITS SIX LOCATIONS IN JULY 2021. FIVE OF ITS SIX LOCATIONS WERE OPEN DURING FY2022. 6245270 1 1 0 0 0 0 0 0 0 1 1 1 0 1 1 1 0 0 1 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 X 15 0 1 89 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X CHRISTINA COX 8089419414 2707 SOUTH KING STREET HONOLULU HI 96826 KIMO STEINWASCHER CHAIRMAN 1.00 X X 0 0 0 ALAN S ITO VICE CHAIRMAN 1.00 X X 0 0 0 ROBERT S OSTREM JR SECRETARY 1.00 X X 0 0 0 SUSAN E YAMADA TRUSTEE 1.00 X 0 0 0 PIIA AARMA TRUSTEE 1.00 X 0 0 0 ALAN H ARIZUMI TRUSTEE 1.00 X 0 0 0 PATRICIA L CHAN TRUSTEE 1.00 X 0 0 0 ELIZABETH CHUN TRUSTEE 1.00 X 0 0 0 JEFFREY DINSMORE TRUSTEE 1.00 X 0 0 0 MARK H FUKUNAGA TRUSTEE 1.00 X 0 0 0 JIM MCCOY TRUSTEE 1.00 X 0 0 0 PAUL F MORGAN TRUSTEE 1.00 X 0 0 0 CHARLES G BRADEN JR TREASURER 1.00 X X 0 0 0 CHRISTOPHER R DANG TRUSTEE 1.00 X 0 0 0 BENJAMIN ANCHETA TRUSTEE 1.00 X 0 0 0 CHRISTINA COX PRESIDENT 60.00 X 156212 0 3741 NEIL OSATO DIRECTOR OF FINANCE & HUMA 60.00 X 69036 0 12195 225248 0 15936 1 0 1 0 CULINARY FLIGHT HAWAII LLC PO BOX 1290 KAILUA HI 96734 CATERING SERVICES 375227 HI EMPLOYMENT 745 FORT STREET SUITE 124 HONOLULU HI 96813 SUBSTITUTE TEACHERS 329758 RESOURCE GLOBAL PROFESSIONALS PO BOX 740909 LOS ANGELES CA 90074 ACCOUNTING SERVICES 260425 ROBERT HALF PO BOX 743295 LOS ANGELES CA 90074 ACCOUNTING SERVICES 200518 ANAGO OF HAWAII PO BOX 17567 HONOLULU HI 96817 CATERING SERVICES 172098 5 6893 290672 193476 491041 PRE-SCHOOL SERVICE FEE 611600 5644023 5644023 5644023 66634 66634 33403 0 33403 33403 33403 690722 598105 92617 92617 92617 PAYCHECK PROTECTION PR 611600 2096868 2096868 2096868 8424586 7740891 0 192654 157403 157403 3738563 3257087 481476 58079 30126 27953 454990 414468 40522 283781 254058 29723 11777 11777 420561 420561 31414 31414 12592 12592 355360 4771 350589 18547 621 17926 295659 200966 94693 901485 802372 99113 5126 683 4443 5455 3476 1979 3059 3059 341794 341794 161279 118023 43256 FOOD SUPPLIES 510602 510602 0 MISCELLANEOUS 85984 66244 19740 BANK FEES 70017 51782 18235 EQUIPMENT REPAIRS AND M 44483 25828 18655 14026 4966 9060 7982036 6245270 1705352 31414 2000 2000 940074 1853363 -7280 85719 41267 99503 10185965 5674936 4832065 4511029 2977236 2413958 1000000 1000000 1906917 1192296 11692279 11157868 391658 2257642 451367 583814 2072347 0 405945 416818 3321317 3258274 X 4141115 3776796 4229847 4122798 8370962 7899594 11692279 11157868 442550 -508683 -405235 0 X X 0 0 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3386311 144256 230000 3300567 3409164 112147 135000 3386311 3845405 118759 555000 3409164 3743193 115311 13099 3845405 3803634 204787 265228 3743193 0.47810 0.52190 0 0 73601 73601 6576576 2889678 3686898 619918 584639 35279 2846933 2149602 697331 68937 51017 17920 4511029 FHB TIME DEPOSIT - WEINBERG FDN ENDOWMENT 1000000 C 1000000 OTHER RECEIVABLE 40973 NON-CURRENT DEPOSITS 1151323 1192296 ACCRUED PAYROLL & RELATED EXPENSES 75329 ACCRUED VACATION 195844 DEFERRED RENT 13299 OTHER NON- CURRENT LIABILITIES 130875 ACCRUED SERVICE FEE 1471 416818 X 7758500 -508683 -508683 8267183 157403 157403 8424586 7824633 0 7824633 157403 157403 7982036 PART V, LINE 4: TO FULFILL SPECIFIC PURPOSES AS REQUESTED BY GRANTORS (TUITION ASSISTANCE FOR LOW INCOME FAMILIES, PRESCHOOL TUITION AID FOR THE ORGANIZATION'S FAMILIES AND CHILDREN IN NEED, AND GENERAL OPERATIONS OF THE ORGANIZATION'S FACILITIES) PART X, LINE 2: KCAA PRESCHOOLS OF HAWAII (THE ASSOCIATION) IS RECOGNIZED BY THE INTERNAL REVENUE SERVICE AS AN EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE ASSOCIATION HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A) OF THE INTERNAL REVENUE CODE. THE ASSOCIATION IS NOT SUBJECT TO INCOME TAXES IN THE U.S. FEDERAL JURISDICTION AND THE STATE OF HAWAII. TAX REGULATIONS WITHIN EACH JURISDICTION ARE SUBJECT TO INTERPRETATION OF THE RELATED TAX LAWS AND REGULATIONS AND REQUIRE SIGNIFICANT JUDGMENT TO APPLY. THE ASSOCIATION RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF IT IS MORE-LIKELY-THAN-NOT THAT THE TAX POSITION WILL BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX EFFECTS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST AMOUNT THAT HAS A GREATER THAN 50 PERCENT LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. CHANGES IN RECOGNITION OR MEASUREMENT ARE REFLECTED IN THE PERIOD IN WHICH THE CHANGE IN JUDGMENT OCCURS. ANY INTEREST OR PENALTIES RELATED TO ANY UNRECOGNIZED TAX BENEFIT/LIABILITY ARE CLASSIFIED AS MANAGEMENT AND GENERAL EXPENSES. PART XI, LINE 4B - OTHER ADJUSTMENTS: TUITION AID 157,403. PART XII, LINE 4B - OTHER ADJUSTMENTS: TUITION AID 157,403. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 INCLUDED ON THE ORGANIZATION'S ADVERTISEMENTS. SCHEDULE E, PART I, LINE 6 THE ORGANIZATION RECEIVES A GOVERNMENT GRANT FROM THE USDA NUTRITION PROGRAM. THE USDA NUTRITION PROGRAM PROVIDES SUBSIDIZED WELL-BALANCED AND NUTRITIOUS MEALS FOR CHILDREN IN CHILD CARE FACILITIES. X X X X 1 CREATIVE GRANT WRITING SERVICES LLC 98-891 KUHAO PLACE AIEA HI 96701 ENGAGE IN CAPITAL AND CAMPAIGN AND FUND DEVELOPMENT 0 177415 31414 146001 177415 31414 146001 HI 1 TUITION ASSISTANCE GRANT - AWARD OR CREDIT TO STUDENTS, WHICH REDUCES THEIR MONTHLY CO-PAY AMOUNT. 17 106647 EMPLOYEE TUITION DISCOUNT - PERCENTAGE DISCOUNTS ON THE TUITION FOR CHILDREN OF EMPLOYEES, DETERMINED BY NUMBER OF HOURS WORKED BY EMPLOYEES. 4 20229 PROMOTIONAL TUITION DISCOUNT - SIBLING - 10% DISCOUNT FOR FAMILIES WITH MORE THAN 1 CHILD ATTENDING THE ORGANIZATION.PROMOTIONAL TUITION DISCOUNT - MYPROCARE - $50 OFF PER ACCOUNT. 288 30527 PART I, LINE 2: SCHEDULE I, PART I, LINE 2: KCAA MONITORS THE USE OF ITS GRANTS THROUGH AN APPLICATION AND REVIEW PROCESS. APPLICATIONS ARE ACCEPTED AT ANY TIME THROUGHOUT THE SCHOOL YEAR. FAMILIES WHO WOULD LIKE CONSIDERATION FOR TUITION AID FOR THE CHILD(REN) MUST FIRST COMPLETE A TUITION AID APPLICATION FORM ALONG WITH SUPPORTING DOCUMENTATION. THE CENTER DIRECTORS CONDUCT THE INITIAL REVIEW OF THE APPLICATIONS. APPLICATIONS ARE THEN REVIEWED AND EVALUATED BY THE TUITION AID SPECIALIST AT THE ADMINISTRATIVE OFFICE. EVALUATION OF TUITION AID IS BASED ON AN INTERNAL ELIGIBILITY SCALE USING STATE POVERTY INDEX, INCOME AND FAMILY SIZE. THE LEGAL GUARDIAN MUST BE EMPLOYED A MINIMUM AMOUNT OF HOURS PER WEEK OR BE AN ENROLLED STUDENT. ALL AWARDS MUST BE GIVEN FINAL APPROVAL BY THE PRESIDENT. FINANCIAL AID IS RENEWABLE ON AN ANNUAL BASIS. 0 0 0 0 0 0 0 0 0 CHRISTINA COX PRESIDENT 156212 0 0 0 0 0 1366 0 2375 0 159953 0 0 0 FORM 990, PART VIII, LINE 11A ON APRIL 13, 2020, THE ORGANIZATION RECEIVED LOAN PROCEEDS IN THE AMOUNT OF $1,067,200, UNDER THE PAYCHECK PROTECTION PROGRAM (PPP) AS PART OF THE CARES ACT. ON FEBRUARY 17, 2021, THE ORGANIZATION RECEIVED LOAN PROCEEDS IN THE AMOUNT OF $1,005,147, UNDER THE PAYCHECK PROTECTION PROGRAM (PPP - ROUND TWO) AS PART OF THE CARES ACT. THE PROMISSORY NOTES MATURE TWO AND FIVE YEARS, RESPECTIVELY, FROM THE DATE OF THE FIRST DISBURSEMENT OF THE LOAN AND BEAR INTEREST AT A RATE OF 1.00% PER ANNUM. THE LOAN AND ACCRUED INTEREST MAY BE FORGIVEN AS LONG AS THE ORGANIZATION USES THE LOAN PROCEEDS FOR ELIGIBLE PURPOSES, INCLUDING PAYROLL COSTS, DURING THE 24 WEEK PERIOD BEGINNING ON THE DATE OF FIRST DISBURSEMENT OF THE LOAN. THE ORGANIZATION HAS USED THE LOAN PROCEEDS FOR PURPOSES CONSISTENT WITH THE PPP AND BELIEVES THAT THEY HAVE MET THE CONDITIONS FOR FORGIVENESS OF THE LOAN. THE LOANS WERE FORGIVEN ON SEPTEMBER 21, 2021 AND JANUARY 10, 2022, RESPECTIVELY. THE ORGANIZATION RECORDED THE FORGIVENESS AS PUBLIC SUPPORT AND REVENUES IN THE STATEMENT OF ACTIVITIES FOR THE YEAR ENDED AUGUST 31, 2022. FORM 990, PART IV, LINE 12B AND PART XII, LINE 2B SIMILAR TO PRIOR YEARS, THE ORGANIZATION'S FINANCIAL STATEMENTS WILL BE AUDITED BY AN INDEPENDENT ACCOUNTANT. HOWEVER, THE AUDIT HAS NOT BEEN COMPLETED AT THE TIME OF FILING. FORM 990, PART V, LINE 7G THE ORGANIZATION DID NOT RECEIVE ANY CONTRIBUTIONS OF QUALIFIED INTELLECTUAL PROPERTY. AS SUCH, THIS QUESTION HAS BEEN MARKED NO. FORM 990, PART V, LINE 7H THE ORGANIZATION DID NOT RECEIVE ANY CONTRIBUTIONS OF CARS, BOATS, AIRPLANES, AND OTHER VEHICLES. AS SUCH, THIS QUESTION HAS BEEN MARKED NO. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 WAS PROVIDED TO THE ENTIRE BOARD OF DIRECTORS PRIOR TO FILING, AND WAS REVIEWED AND APPROVED BY THE FINANCE COMMITTEE. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS AND TRUSTEES ARE GIVEN A COPY OF THE CONFLICT OF INTEREST POLICY. IF THERE IS A CONFLICT OF INTEREST, IT IS BROUGHT TO THE ATTENTION OF THE PRESIDENT, WHO PRESENTS THE CONFLICT TO THE CHAIRMAN OF THE BOARD. IF A CONFLICT IS FOUND, THAT PERSON WILL RECUSE HIMSELF/HERSELF FROM DISCUSSIONS REGARDING SUCH CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15 FOR OFFICERS BELOW THE PRESIDENT, THE PRESIDENT REVIEWS AND APPROVES COMPENSATION. FOR THE PRESIDENT, THE BOARD REVIEWS AND APPROVES COMPENSATION. FOR ALL OFFICER COMPENSATION, A COMPENSATION STUDY IS CONDUCTED USING INFORMATION FROM THE HAWAII ALLIANCE OF NON-PROFIT ORGANIZATIONS (HANO) AND GUIDESTAR. THE DETERMINATION OF SALARY IS THEN DOCUMENTED IN THE PERSON'S FILE AND IS SUBJECT TO ANNUAL REVIEW. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. FORM 990 - GOOD FAITH STATEMENT THE ORGANIZATION HAS MADE ITS BEST EFFORTS TO COMPLY WITH TAX LAWS BASED UPON THE INFORMATION AVAILABLE AT THE TIME OF FILING. AT THE TIME OF FILING, THE AUDIT OF THE ORGANIZATION'S FINANCIAL STATEMENTS HAS NOT BEEN COMPLETED. RATHER THAN FILE A DELINQUENT TAX RETURN, THE ORGANIZATION AND TAX PROFESSIONALS MADE THEIR BEST EFFORTS TO DETERMINE THE PROPER TAX TREATMENT AND REPORTING OF VARIOUS ITEMS BASED ON THE ORGANIZATION'S UNAUDITED FINANCIALS. THE ORGANIZATION WILL AMEND THIS RETURN TO ATTACH THE FINANCIAL STATEMENTS ONCE THEY HAVE BEEN ISSUED. IF IT'S DETERMINED THAT ANY OTHER INFORMATION REPORTED ON THIS RETURN IS MATERIALLY INCORRECT, THE ORGANIZATION WILL ALSO REVISE AND REPORT THAT INFORMATION ACCURATELY IN THE AMENDED RETURN. FORM 990, PART XI, LINE 8 PRIOR YEAR AUDIT ADJUSTING JOURNAL ENTRIES