2022-05-12T15:12:53-05:00 2021-06-30 861065772 DELOITTE TAX LLP 695 TOWN CENTER DRIVE SUITE 1200 COSTA MESA CA 926261924 990 2020-07-01 990113930 HAWAII PACIFIC UNIVERSITY HAWA 8083565272 500 ALA MOANA BLVD SUITE 6420 HONOLULU HI 96813 DAVID KOSTECKI SVP & CFO 8083565256 2022-05-12 1 DAVID KOSTECKI 999009999 JOHN W SADOFF JR P00540589 7144367100 0 AAL1 IAL1 2020 2022-09-23 18:48:47Z DAVID KOSTECKI 500 ALA MOANA BLVD SUITE 6420 HONOLULU HI 96813 125516111 0 X WWW.HPU.EDU X 1965 HI HPU IS AN INTERNATIONAL LEARNING COMMUNITY SET IN THE RICH CULTURAL CONTEXT OF HAWAII. OUR INNOVATIVE PROGRAMS PREPARE OUR GRADUATES AS ACTIVE MEMBERS OF A GLOBAL SOCIETY. 17 16 1298 119 724064 78910 6815107 13381716 95930952 96255022 2103157 2525201 -2199101 -3708583 102650115 108453356 31274684 33893606 0 0 39997951 39061183 16455 0 1758043 33723319 31766579 105012409 104721368 -2362294 3731988 167410754 252023622 98783475 170060081 68627279 81963541 X HAWAII PACIFIC UNIVERSITY IS AN INTERNATIONAL LEARNING COMMUNITY SET IN THE RICH CULTURAL CONTEXT OF HAWAII. STUDENTS FROM AROUND THE WORLD JOIN US FOR AN AMERICAN EDUCATION BUILT ON A LIBERAL ARTS FOUNDATION. OUR INNOVATIVE UNDERGRADUATE AND GRADUATE PROGRAMS ANTICIPATE THE CHANGING NEEDS OF THE COMMUNITY AND PREPARE OUR GRADUATES TO LIVE, WORK, AND LEARN AS ACTIVE MEMBERS OF A GLOBAL SOCIETY. THE UNIVERSITY IS A CO-EDUCATIONAL AND INDEPENDENT UNIVERSITY COMPRISED OF THREE CAMPUSES ON THE ISLAND OF OAHU; THE DOWNTOWN HONOLULU CAMPUS, THE WINDWARD HAWAII LOA CAMPUS AND THE MAKAPUU CAMPUS. GRADUATE AND UNDERGRADUATE PROGRAMS ARE OFFERED AT THE WINDWARD HAWAII LOA CAMPUS AND AT THE HONOLULU DOWNTOWN CAMPUS. IN ADDITION TO THE THREE MAIN CAMPUSES, THE UNIVERSITY DELIVERS SELECT DEGREE PROGRAMS AT MILITARY INSTALLATIONS AROUND OAHU. 0 0 70700067 33893606 96255022 THE UNIVERSITY PROVIDES HIGHER EDUCATION SERVICES TO APPROXIMATELY 5000 STUDENTS. GRANTS ARE PRIMARILY MERIT AND NEED-BASED SCHOLARSHIPS PROVIDED TO STUDENTS. 70700067 1 1 0 0 0 0 0 1 0 1 1 0 0 1 1 1 0 1 1 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 3011 0 1 1298 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 17 16 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X DAVID KOSTECKI 8083565256 500 ALA MOANA BLVD SUITE 6420 HONOLULU HI 96813 JOHN GOTANDA TRUSTEE, PRESIDENT 40.00 0.00 X X 672805 0 43816 JAMES AJELLO TRUSTEE, TREASURER 2.00 0.00 X X 0 0 0 ADRIAN BELLAMY TRUSTEE (BEGIN 07/20) 1.00 0.00 X 0 0 0 JEFFREY BOROMISA TRUSTEE 1.00 0.00 X 0 0 0 JOACHIM COX TRUSTEE 1.00 0.00 X 0 0 0 LAYLA DEDRICK TRUSTEE 1.00 0.00 X 0 0 0 FP GUS GUSTAVSON TRUSTEE 1.00 0.00 X 0 0 0 KAREN HUFFMAN TRUSTEE, VICE CHAIR 2.00 0.00 X X 0 0 0 RICHARD HUNTER TRUSTEE, CHAIR 2.00 0.00 X X 0 0 0 VIOLET LOO TRUSTEE, COMMITTEE CHAIR (END 06/21) 1.00 0.00 X X 0 0 0 STEPHEN METTER TRUSTEE 1.00 0.00 X 0 0 0 JAMES POLK TRUSTEE 1.00 0.00 X 0 0 0 JOEL RAPPOPORT TRUSTEE (BEGIN 07/20) 1.00 0.00 X 0 0 0 EUGENE SULLIVAN TRUSTEE (BEGIN 07/20) 1.00 0.00 X 0 0 0 DONALD TAKAKI TRUSTEE (END 06/21) 1.00 0.00 X 0 0 0 RAYMOND VARA TRUSTEE, COMMITTEE CHAIR (END 06/21) 1.00 0.00 X X 0 0 0 LANCE WILHELM TRUSTEE 1.00 0.00 X 0 0 0 JAN BOIVIN SVP, GENERAL COUNSEL, SECRETARY 40.00 0.00 X 260481 0 32216 JENNIFER WALSH SVP & PROVOST 40.00 0.00 X 258421 0 25704 DAVID KOSTECKI SVP & CFO 40.00 0.00 X 267918 0 9687 ASHLEY CHING EA TO PRES., ASSISTANT SECRETARY 40.00 0.00 X 55665 0 7898 BROOKE CARROLL VP, ADVANCEMENT 40.00 0.00 X 202119 0 14983 MANISH SEHGAL DEAN, CPS/ACTING DEAN, COLL OF BUS. 40.00 0.00 X 194523 0 21269 HALAEVALU VAKALAHI DEAN, CHS 40.00 0.00 X 197142 0 8732 ALLISON GOUGH DEAN, LIBERAL ARTS 40.00 0.00 X 163610 0 13298 BRENDA JENSEN DEAN, CNCS 40.00 0.00 X 166120 0 6714 GREGORY GRAUMAN VP, ENROLLMENT MANAGEMENT 40.00 0.00 X 207264 0 29990 SHAUN MOSS EXECUTIVE DIRECTOR - OI 40.00 0.00 X 193857 0 34674 STEPHEN WARD VP, COMM. & MARKETING 40.00 0.00 X 203783 0 20097 SAMUEL MOKU EXECUTIVE DIRECTOR OF ATHLETICS 40.00 0.00 X 211980 0 9523 CODY DOWN ASSOC. VP & CIO 40.00 0.00 X 197957 0 17547 JAYNE SMITTEN ASSOCIATE DEAN, CHS 40.00 0.00 X 136006 0 13116 3589651 0 309264 48 1 1 0 ARAMARK SERVICES INC 5880 NOLENVILLE PIKE NASHVILLE TN 37211 FOOD SERVICES 2471464 ALLIED UNIVERSAL SECURITY SERVICES 1551 N TUSTIN AVENUE 650 SANTA ANA CA 92705 SECURITY SERVICES 1040970 ELLUCIAN COMPANY LP 4 COUNTRY VIEW ROAD MALVERN PA 19355 INFORMATION TECHNOLOGY 470512 SERVI-TEK INC 631 3RD STREET SUITE 101 ENCINITAS CA 92024 JANITORIAL SERVICES 408221 ERNST & YOUNG LLP ONE MANHATTAN WEST NEW YORK NY 10001 CPA SERVICES 285741 26 6779143 6602573 4825 13381716 TUITION & FEES 611310 88183466 88183466 STUDENT HOUSING 611310 4408584 4408584 STUDENT MEAL SERVICE 611310 2803600 2803600 RESEARCH AND TECHNICAL 541690 859372 859372 96255022 1217648 1217648 112854 112854 16810 16810 1133664 6202935 -5069271 -5069271 -5069271 12054519 10741495 118325 1313024 -118325 1194699 1194699 PARKING REVENUE 812930 770701 699839 70862 BOOKSTORE REVENUE 451211 100768 100768 REBATES REVENUE 900099 68710 68710 403699 24225 379474 1343878 108453356 96255022 724064 -1907446 33893606 33893606 2351533 745933 1498100 107500 31036125 24967751 5500073 568301 3319672 1973727 1293339 52606 2353853 1815203 490943 47707 6027 6027 -100541 710 -101251 154687 1580 153107 53635 53635 6355160 3726105 2377240 251815 933109 214450 509327 209332 1971481 1614288 266199 90994 2618383 82608 2509757 26018 7462641 40931 7270112 151598 594397 371761 10393 212243 315604 194423 114338 6843 4807454 4807454 2439426 2439426 1198874 135459 1063415 UTILITIES 1019925 206554 813326 45 RECRUITMENT 565629 550537 15092 LOAN CANCELLATION 318668 318668 REPAIRS AND MAINTENANCE 264360 48175 213189 2996 787660 116266 641349 30045 104721368 70700067 32263258 1758043 995 995 11761566 14033062 1896815 2026416 5206929 4549118 1019461 948409 1434199 1393481 132239286 44334593 92926418 87904693 43568875 57150366 8661629 933867 84017082 167410754 252023622 9312645 6486101 10001926 5490946 74596971 73839485 2042028 1203056 2829905 83040493 98783475 170060081 X 52359435 56876421 16267844 25087120 68627279 81963541 167410754 252023622 3731988 9604274 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 118350 X X X 0 43037065 5007216 11817438 3344667 56517052 41911674 555228 1829396 1259233 43037065 44644947 300000 2343378 5376651 41911674 44369249 90577 2955043 2769922 44644947 55775010 94702 4653410 16153873 44369249 0.56220 0.43780 0 0 71810409 18074398 53736011 18135380 3774473 14360907 14150114 10975566 3174548 28143383 11510156 16633227 87904693 LT DEFERRED PGM DEVELOP COSTS 80976 LONG-TERM BOND ISSUANCE COSTS 841472 OPERATING LEASE RIGHT OF USE ASSET 43899930 OPERATING LEASES ROU 39194704 84017082 LT RIGHT OF USE LEASE OBLIGATIONS 45537708 OPERATING LEASE OBLIGATIONS 30754653 CURRENT PORTION OF RIGHT OF USE LEASE OBLIGATIONS 4187399 LT FEDERAL STUDENT LOAN OBLIGATIONS 2541243 DUE TO AFFILIATES 19490 83040493 X PART III, LINE 4: THE PACIFIC ISLAND ART AND ARTIFACT COLLECTION CONSISTS OF APPROXIMATELY 400 CULTURALLY SIGNIFICANT PIECES. PART OF THE COLLECTION IS CURRENTLY DISPLAYED AND THE REMAINDER WILL BE AVAILABLE FOR PUBLIC VIEWING ONCE ADDITIONAL DISPLAY LOCATIONS ARE IDENTIFIED. THE COLLECTION WILL ENRICH THE KNOWLEDGE OF MANY PACIFIC ISLAND CULTURES, HISTORIES AND CUSTOMS THROUGH THE STUDY OF THE ART AND ARTIFACTS. PART V, LINE 4: THE HAWAII PACIFIC UNIVERSITY ENDOWMENT FUND INCLUDES ENDOWMENT FUNDS WITH DONOR RESTRICTIONS AND WITHOUT DONOR RESTRICTIONS. THE UNIVERSITY HAS ADOPTED INVESTMENT AND DISTRIBUTION POLICIES FOR ENDOWMENT ASSETS TO SUPPORT THE CURRENT AND FUTURE OPERATIONS OF THE UNIVERSITY WITH A STREAM OF RELATIVELY PREDICTABLE, STABLE AND CONSTANT EARNINGS TO PRESERVE AND ENHANCE THE PURCHASING POWER OF THE ENDOWMENT ASSETS. THE PRIMARY INVESTMENT OBJECTIVE OF THE ENDOWMENT ASSETS IS TO ATTAIN AN AVERAGE ANNUAL REAL TOTAL RETURN (NET OF INVESTMENT MANAGEMENT FEES AND AFTER INFLATION) IN EXCESS OF THE SPENDING RATE OVER THE LONG TERM, DEFINED AS ROLLING THREE-YEAR PERIODS, AND TO OUT PERFORM THE MEDIAN ENDOWMENT WITHIN A UNIVERSE OF OTHER SIMILARLY ENDOWED UNIVERSITIES. THE DISTRIBUTION POLICY FOR THE UNIVERSITY IS SET AT THE RATIO OF 4.5% OF THE AVERAGE ENDING MARKET VALUES OF THE INVESTMENT PORTFOLIO FOR THE TWELVE QUARTERS. PART X, LINE 2: THE UNIVERSITY EVALUATES ITS INCOME TAX POSITIONS EACH FISCAL YEAR TO DETERMINE WHETHER ITS TAX POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED IF EXAMINED BY THE APPLICABLE TAXING AUTHORITY. THERE WERE NO UNCERTAIN TAX POSITIONS IDENTIFIED. THE FISCAL 2017 THROUGH 2019 TAX YEARS REMAIN OPEN FOR EXAMINATION BY THE TAXING AUTHORITIES. HPU IS NOT UNDER EXAMINATION BY ANY TAXING AUTHORITIES FOR ANY OPEN TAX YEARS. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 SPACE PERMITTING, PRINT ADVERTISING AND BROCHURES INCLUDE THE FOLLOWING STATEMENT: "HAWAII PACIFIC UNIVERSITY IS AN EQUAL OPPORTUNITY/AFFIRMATIVE ACTION INSTITUTION THAT PROHIBITS DISCRIMINATION AGAINST, AND HARASSMENT OF, ANY PERSON ON THE BASIS OF RACE, COLOR, NATIONAL ORIGIN, RELIGION, SEXUAL ORIENTATION, AGE, ANCESTRY, MARITAL STATUS, DISABILITY, ARREST AND COURT RECORD, OR VETERAN STATUS. SEX DISCRIMINATION INCLUDES SEXUAL HARASSMENT AND SEXUAL ASSAULT. FOR MORE INFORMATION ON HOW TO REPORT DISCRIMINATION OR HARASSMENT TO HPU, PLEASE GO TO WWW.HPU.EDU/STUDENTLIFE AND CLICK ON THE LINK TO THE STUDENT HANDBOOK." WHERE SPACE DOES NOT PERMIT THE LONG VERSION, A SHORTER VERSION IS USED: "HAWAII PACIFIC UNIVERSITY ADMITS STUDENTS OF ANY RACE, COLOR, NATIONAL AND ETHNIC ORIGIN, RELIGION, GENDER, AGE, ANCESTRY, MARITAL STATUS, SEXUAL ORIENTATION, VETERAN STATUS AND DISABILITY." SCHEDULE E, PART I, LINE 6 HAWAII PACIFIC UNIVERSITY PARTICIPATES IN UNITED STATES DEPARTMENT OF EDUCATION FINANCIAL AID PROGRAMS AND OTHER GOVERNMENT GRANT PROGRAMS FUNDING RESEARCH AND TEACHING. LINE 7 - EXPLANATION OF RACIAL NONDISCRIMINATION COMPLIANCE: HAWAII PACIFIC UNIVERSITY MEETS THE REQUIREMENTS OF REV. PROC. 75-50 PUBLICITY REQUIREMENTS BY MEETING THE 4.03(2)(B) EXCEPTION WHICH STATES "IF A SCHOOL CUSTOMARILY DRAWS A SUBSTANTIAL PERCENTAGE OF ITS STUDENTS NATIONWIDE OR WORLDWIDE FROM A LARGE GEOGRAPHIC SECTION OR SECTIONS OF THE UNITED STATES AND FOLLOWS A RACIALLY NONDISCRIMINATORY POLICY AS TO STUDENTS, THE PUBLICITY REQUIREMENT MAY BE SATISFIED BY COMPLYING WITH SECTION 4.02, SUPRA. SUCH A SCHOOL MAY DEMONSTRATE THAT IT FOLLOWS A RACIALLY NONDISCRIMINATORY POLICY WITHIN THE MEANING OF THE PRECEDING SENTENCE EITHER BY SHOWING THAT IT CURRENTLY ENROLLS STUDENTS OF RACIAL MINORITY GROUPS IN MEANINGFUL NUMBERS OR, WHEN MINORITY STUDENTS ARE NOT ENROLLED IN MEANINGFUL NUMBERS, THAT ITS PROMOTIONAL ACTIVITIES AND RECRUITING EFFORTS IN EACH GEOGRAPHIC AREA WERE REASONABLY DESIGNED TO INFORM STUDENTS OF ALL RACIAL SEGMENTS IN THE GENERAL COMMUNITIES WITHIN THE AREA OF THE AVAILABILITY OF THE SCHOOL. THE QUESTION WHETHER A SCHOOL SATISFIES THE PRECEDING SENTENCE WILL BE DETERMINED ON THE BASIS OF THE FACTS AND CIRCUMSTANCES OF EACH CASE." HAWAII PACIFIC UNIVERSITY CUSTOMARILY DRAWS STUDENTS FROM HAWAII, NATIONWIDE AND GLOBALLY AND FOLLOWS A RACIALLY NONDISCRIMINATORY POLICY AS TO STUDENTS. THE UNIVERSITY CURRENTLY ENROLLS STUDENTS OF RACIAL MINORITY GROUPS IN MEANINGFUL NUMBERS. THE RACIAL MAKEUP OF ENROLLED STUDENTS ACCORDING TO IPEDS CATEGORIES IS AS FOLLOWS: AMERICAN INDIAN OR ALASKA NATIVE 0.3%, ASIAN/NATIVE HAWAIIAN/PACIFIC ISLANDER 23.7%, BLACK OR AFRICAN AMERICAN 5.1%, HISPANIC/LATINO 16.1%, WHITE 20.3%, NON-RESIDENT ALIEN 5.1%, AND TWO OR MORE RACES/OTHER/UNKNOWN 29.4%. THE UNIVERSITY COMPLIED WITH ALL ASPECTS OF REV. PROC. 75-50, SECTIONS 4.01 THROUGH 4.05. EAST ASIA & PACIFIC PROGRAM SERVICES RECRUITMENT 2446 SOUTH ASIA 1 PROGRAM SERVICES RECRUITMENT 56517 EUROPE 1 PROGRAM SERVICES RECRUITMENT 65868 0 2 0 0 0 2 124831 0 124831 0 0 0 0 0 0 PART III ACCOUNTING METHOD: SCHEDULE F, PART I, LINE 3 THE ACCRUAL METHOD IS USED TO ACCOUNT FOR EXPENDITURES WHICH ARE CARRIED ON THE BOOKS AND RECORDS OF THE UNIVERSITY. RECRUITMENT EXPENSES INCLUDE TRAVEL FOR RECRUITERS, FEES FOR AGENTS, FEES FOR PARTICIPATION IN COLLEGE RECRUITING FAIRS AND ADVERTISING. STUDY ABROAD EXPENSES INCLUDE TRAVEL AND EDUCATIONAL EXPENSES FOR STUDY ABROAD TRIPS. CONFERENCES AND CONSULTING EXPENSES INCLUDE TRAVEL, RELATED LABOR, MEETINGS AND SITE VISITS AS WELL AS FACULTY RESEARCH EXPENSES. 1 FINANCIAL AID & SCHOLARSHIPS 2197 33893606 SCHEDULE I, PART I, LINE 2 HAWAII PACIFIC UNIVERSITY'S OFFICES OF FINANCIAL AID AND SCHOLARSHIPS OVERSEE FEDERAL AND UNIVERSITY GRANT, SCHOLARSHIP, LOAN AND WORK-STUDY PROGRAMS. FEDERAL PROGRAMS ARE ADMINISTERED ACCORDING TO THE LAWS, RULES AND REGULATIONS ISSUED BY THE U.S. DEPARTMENT OF EDUCATION, THE U.S. DEPARTMENT OF HEALTH AND HUMAN SERVICES, OR OTHER GRANTING AGENCY. UNIVERSITY SCHOLARSHIPS AND GRANTS ARE ADMINISTERED ACCORDING TO THE POLICIES AND PROCEDURES IMPLEMENTED BY THE FINANCIAL AID OFFICE TO SUPPORT THE UNIVERSITY'S ENROLLMENT PLAN. THE OFFICES AWARD AID BASED ON THE FEDERAL FREE APPLICATION FOR FEDERAL STUDENT AID (FAFSA) AND SUPPORTING DOCUMENTATION TO VERIFY A STUDENT'S ELIGIBILITY FOR NEED BASED PROGRAMS AND SCHOLARSHIPS WHERE NEED IS A CRITERIA. IN ADDITION, STUDENTS ARE REVIEWED BASED ON ACADEMIC AND TALENT QUALIFICATIONS FOR MERIT BASED SCHOLARSHIPS AND GRANTS IN AREAS SUCH AS DANCE, ATHLETICS, MUSIC, DEBATE AND OTHER AREAS. PRESIDENT'S SCHOLARS SCHOLARSHIPS ARE AWARDED BASED ON MERIT, GRADE POINT AVERAGE AND RECOMMENDATIONS. FINANCIAL AID AND THE SCHOLARSHIPS OFFICES MONITOR THE CONTINUED ELIGIBILITY OF STUDENTS FOR AWARDS. X X X X 1 1 X X X X X X 0 0 0 0 0 0 0 0 0 JOHN GOTANDA TRUSTEE, PRESIDENT 403872 0 44000 0 224933 0 5600 0 38216 0 716621 0 0 0 JAN BOIVIN SVP, GENERAL COUNSEL, SECRETARY 254184 0 0 0 6297 0 5510 0 26706 0 292697 0 0 0 JENNIFER WALSH SVP & PROVOST 251980 0 0 0 6441 0 5317 0 20387 0 284125 0 0 0 DAVID KOSTECKI SVP & CFO 261477 0 0 0 6441 0 2567 0 7120 0 277605 0 0 0 GREGORY GRAUMAN VP, ENROLLMENT MANAGEMENT 201084 0 0 0 6180 0 4425 0 25565 0 237254 0 0 0 SHAUN MOSS EXECUTIVE DIRECTOR - OI 186669 0 0 0 7188 0 3867 0 30807 0 228531 0 0 0 STEPHEN WARD VP, COMM. & MARKETING 197009 0 0 0 6774 0 4144 0 15953 0 223880 0 0 0 SAMUEL MOKU EXECUTIVE DIRECTOR OF ATHLETICS 204551 0 0 0 7429 0 4130 0 5393 0 221503 0 0 0 BROOKE CARROLL VP, ADVANCEMENT 195351 0 0 0 6768 0 3638 0 11345 0 217102 0 0 0 MANISH SEHGAL DEAN, CPS/ACTING DEAN, COLL OF BUS. 193077 0 0 0 1446 0 3587 0 17682 0 215792 0 0 0 CODY DOWN ASSOC. VP & CIO 196511 0 0 0 1446 0 4122 0 13425 0 215504 0 0 0 HALAEVALU VAKALAHI DEAN, CHS 196701 0 0 0 441 0 3967 0 4765 0 205874 0 0 0 ALLISON GOUGH DEAN, LIBERAL ARTS 163196 0 0 0 414 0 3343 0 9955 0 176908 0 0 0 BRENDA JENSEN DEAN, CNCS 165850 0 0 0 270 0 3331 0 3383 0 172834 0 0 0 JAYNE SMITTEN ASSOCIATE DEAN, CHS 135244 0 0 0 762 0 2800 0 10316 0 149122 0 0 0 PART I, LINE 1A HPU PRESIDENT JOHN GOTANDA RECEIVED A FULLY TAXABLE HOUSING ALLOWANCE AND TAXABLE GROSS-UP PAYMENT RELATED TO THE HOUSING ALLOWANCE. HPU ALSO PAYS FOR SOCIAL CLUB DUES FOR JOHN GOTANDA, JAN BOIVIN AND JENNIFER WALSH, WHICH ARE USED PRIMARILY FOR BUSINESS PURPOSES. HPU PAYS FOR FIRST CLASS TRAVEL ONLY UNDER EXTENUATING CIRCUMSTANCES AND CONSISTENT WITH HPU'S WRITTEN TRAVEL AND EXPENSE POLICY. PART I, LINE 3 ALL EXECUTIVE OFFICER COMPENSATION, INCLUDING THE PRESIDENT'S COMPENSATION, IS REVIEWED ANNUALLY BY THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES BASED ON COMPARABLE COMPENSATION FROM SIMILAR INSTITUTIONS, AND REASONABLENESS OF EXECUTIVE COMPENSATION IS ASSESSED BY AN INDEPENDENT EXECUTIVE COMPENSATION CONSULTANT. BASED ON THE COMPENSATION COMMITTEE'S RECOMMENDATIONS, THE EXECUTIVE COMMITTEE APPROVES EXECUTIVE COMPENSATION. APPROVAL IS DOCUMENTED IN THE MINUTES OF THE COMPENSATION AND EXECUTIVE COMMITTEES. PART II: PRESIDENT GOTANDA'S OTHER REPORTABLE COMPENSATION INCLUDES $124,916 OF A HOUSING ALLOWANCE TRUE-UP THAT RELATED TO PRIOR YEARS (JUNE 2016 - JULY 2020). PART II: MANISH SEHGAL WAS ALSO ACTING DEAN, COLLEGE OF BUSINESS FOR THE PERIOD 1/16/2020 - 3/31/2022, CONCURRENT WITH THE DEAN-CPS POSITION. PART II: DURING THE EARLY STAGES OF THE PANDEMIC, SENIOR LEADERSHIP TOOK A VOLUNTARY PAY REDUCTION TO HELP COVER THE COSTS ASSOCIATED WITH COVID RESPONSE EFFORTS. THIS PAY REDUCTION GENERALLY LED TO DECREASES IN TOTAL COMP FROM THE PRIOR YEAR. A STATE OF HAWAII DEPARTMENT OF BUDGET AND FINANCE 990266961 419800JA6 2013-07-30 42317997 ACQUISITION, CONSTRUCTION, AND RENOVATION OF FACILITIES 0 0 0 B DEPARTMENT OF BUDGET AND FINANCE OF THE STATE OF HAWAII 990266961 419800LX3 2018-03-15 33915000 TO CURRENT REFUND SERIES 2015 BONDS 0 0 0 A 2205000 42459947 4192359 1804485 37084014 2015 0 0 1 1 B 33915051 2637152 339063 31071138 1 0 1 1 A 0 1 1 1 0 0.00000 0.00000 0.00000 0 0 1 B 0 1 1 1 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 0 0 1 BAYERISCHE LANDESBANK 1.600000000000 1 0 1 B 0 1 1 0 0 0 0 0 1 A 1 B 1 SCHEDULE K, PART I, (F) 07/30/2013 - 42,317,997 - STATE OF HAWAII DEPARTMENT OF BUDGET AND FINANCE THE BONDS WERE ISSUED TO FINANCE THE ACQUISITION, CONSTRUCTION, AND RENOVATION OF CERTAIN EDUCATIONAL FACILITIES OF THE INSTITUTION SCHEDULE K, PART II, LINE 3 07/30/2013 - 42,317,997 - STATE OF HAWAII DEPARTMENT OF BUDGET AND FINANCE THE TOTAL PROCEEDS SHOWN IN PART II, LINE 3 DIFFERS FROM THE ISSUE PRICE SHOWN IN PART I, (E) DUE TO INTEREST EARNINGS ON INVESTED PROCEEDS. SCHEDULE K, PART II, LINE 13 03/15/2018 - 33,915,000 - DEPARTMENT OF BUDGET AND FINANCE OF THE STATE OF HAWAII AS THE BONDS WERE ISSUED TO CURRENT REFUND A PRIOR ISSUE, YEAR OF SUBSTANTIAL COMPLETION IS NOT APPLICABLE. SCHEDULE K, PART II, LINE 15 03/15/2018 - 33,915,000 - DEPARTMENT OF BUDGET AND FINANCE OF THE STATE OF HAWAII THE BONDS REFUNDED BY SERIES 2018 WERE ISSUED ON 12/18/2014. SCHEDULE K, PART III, LINE 7 07/30/2013 - 42,317,997 - STATE OF HAWAII DEPARTMENT OF BUDGET AND FINANCE AS PROVIDED IN TREASURY REGULATION SECTION 1.141-4(C)(2)(I)(B), THE AMOUNT OF PRIVATE PAYMENTS TAKEN INTO ACCOUNT UNDER THE PRIVATE PAYMENT TEST MAY NOT EXCEED THE AMOUNT OF PRIVATE BUSINESS USE AND/OR UNRELATED BUSINESS TRADE OR BUSINESS USE. ACCORDINGLY, THE AMOUNT OF PRIVATE PAYMENTS FOR THE REPORTING PERIOD DOES NOT EXCEED THE AMOUNT STATED IN PART III, LINE 6. THE ORGANIZATION HAS NOT UNDERTAKEN AN ANALYSIS OF THE PRIVATE SECURITY TEST WITH RESPECT TO THE BONDS, AS THE LEVEL OF PRIVATE BUSINESS USE AND/OR UNRELATED TRADE OR BUSINESS REPORTED IN PART III, LINE 6, IS NOT IN EXCESS OF AMOUNTS PERMITTED UNDER SECTION 145 OF THE CODE. SCHEDULE K, PART III, LINE 7 03/15/2018 - 33,915,000 - DEPARTMENT OF BUDGET AND FINANCE OF THE STATE OF HAWAII AS PROVIDED IN TREASURY REGULATION SECTION 1.141-4(C)(2)(I)(B), THE AMOUNT OF PRIVATE PAYMENTS TAKEN INTO ACCOUNT UNDER THE PRIVATE PAYMENT TEST MAY NOT EXCEED THE AMOUNT OF PRIVATE BUSINESS USE AND/OR UNRELATED BUSINESS TRADE OR BUSINESS USE. ACCORDINGLY, THE AMOUNT OF PRIVATE PAYMENTS FOR THE REPORTING PERIOD DOES NOT EXCEED THE AMOUNT STATED IN PART III, LINE 6. THE ORGANIZATION HAS NOT UNDERTAKEN AN ANALYSIS OF THE PRIVATE SECURITY TEST WITH RESPECT TO THE BONDS, AS THE LEVEL OF PRIVATE BUSINESS USE AND/OR UNRELATED TRADE OR BUSINESS REPORTED IN PART III, LINE 6, IS NOT IN EXCESS OF AMOUNTS PERMITTED UNDER SECTION 145 OF THE CODE. SCHEDULE K, PART IV, LINE 2B 03/15/2018 - 33,915,000 - DEPARTMENT OF BUDGET AND FINANCE OF THE STATE OF HAWAII THE REFUNDING PORTION OF THE BONDS HAVE QUALIFIED FOR THE 6 MONTH EXCEPTION TO REBATE. SCHEDULE K, PART IV, LINE 2C 07/30/2013 - 42,317,997 - STATE OF HAWAII DEPARTMENT OF BUDGET AND FINANCE THE 5TH ANNIVERSARY REBATE CALCULATION WAS PERFORMED AS OF SEPTEMBER 10, 2018, AND SHOWED NO REBATE LIABILITY DUE. SCHEDULE K, PART IV, LINE 5C 07/30/2013 - 42,317,997 - STATE OF HAWAII DEPARTMENT OF BUDGET AND FINANCE TERM OF GIC: 1.6 AND 9.8 YEARS FORM 990, PART VI, SECTION A, LINE 1 DURING INTERVALS BETWEEN MEETINGS OF THE BOARD, AND SUBJECT TO SUCH LIMITATIONS AS MAY BE REQUIRED BY LAW OR SPECIFICALLY IMPOSED BY ACTIONS OF THE BOARD, THE EXECUTIVE COMMITTEE SHALL HAVE AND MAY EXERCISE ALL OF THE POWERS OF THE BOARD. THE OFFICERS OF THE BOARD, WHO ARE ALSO TRUSTEES, AND THE CHAIRS OF THE STANDING COMMITTEES, CONSTITUTE THE EXECUTIVE COMMITTEE. THE CHAIR OF THE BOARD SERVES AS THE CHAIR OF THE EXECUTIVE COMMITTEE. THE SECRETARY OF THE BOARD SERVES AS THE SECRETARY OF THE EXECUTIVE COMMITTEE. DURING THE TAX YEAR, THE EXECUTIVE COMMITTEE EXERCISED ITS AUTHORITY TO ACT ON BEHALF OF THE BOARD. FORM 990, PART VI, SECTION A, LINE 2 TRUSTEES JAMES POLK AND RAYMOND VARA HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 SUPPORTING WORKPAPERS ARE PREPARED AND REVIEWED INTERNALLY BY STAFF AND MANAGEMENT, INCLUDING THE CFO OF THE ORGANIZATION. THE FORM 990 IS PREPARED BY AN EXTERNAL ACCOUNTING FIRM AND THE FINAL FORM 990 IS THEN REVIEWED BY THE AUDIT COMMITTEE, AN INDEPENDENT COMMITTEE OF THE BOARD OF TRUSTEES. THE AUDIT COMMITTEE APPROVES THE FORM 990 PRIOR TO FILING, WHICH APPROVAL WILL BE DOCUMENTED IN THE COMMITTEE MINUTES. THE FORM 990 WILL BE MADE AVAILABLE TO ALL TRUSTEES PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH TRUSTEE IS REQUIRED TO COMPLETE A CONFLICT OF INTEREST QUESTIONNAIRE ANNUALLY DISCLOSING ACTUAL OR POTENTIAL CONFLICTS OF INTEREST FOR REVIEW BY THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES. TRUSTEES WITH ANY ACTUAL OR POTENTIAL CONFLICTS MAY NOT VOTE ON MATTERS WITH WHICH THEY MAY HAVE A CONFLICT. OFFICERS AND EMPLOYEES ARE REQUIRED TO DISCLOSE ANNUALLY AND WHENEVER APPROPRIATE, ACTUAL AND POTENTIAL CONFLICTS OF INTEREST. ALL CONFLICTS ARE RESOLVED IN ACCORDANCE WITH HAWAII PACIFIC UNIVERSITY'S WRITTEN CONFLICT OF INTEREST POLICIES. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES EVALUATED AND APPROVED THE EXECUTIVE COMPENSATION OF THE PRESIDENT AND OTHER OFFICERS BASED ON COMPARABLE DATA OBTAINED FROM AN INDEPENDENT EXECUTIVE COMPENSATION CONSULTING FIRM SPECIALIZING IN HIGHER EDUCATION. THE COMPENSATION COMMITTEE REVIEWED THE COMPENSATION ANALYSIS FOR THE PRESIDENT IN RELATION TO ITS COMPENSATION PHILOSOPHY, BOARD EXPECTATIONS, AND ANY ADJUSTMENTS RECOMMENDED. THE PRESIDENT REVIEWED THE COMPENSATION OF OTHER OFFICERS BASED ON THE COMPENSATION SURVEY AND MADE RECOMMENDATIONS TO THE COMPENSATION COMMITTEE FOR APPROVAL. DECISIONS WERE DOCUMENTED IN THE MINUTES OF THE COMPENSATION COMMITTEE AND WERE SUBSEQUENTLY APPROVED AND DOCUMENTED IN THE MINUTES OF THE EXECUTIVE COMMITTEE. THIS PROCESS WAS LAST COMPLETED ON SEPTEMBER 9, 2021. FORM 990, PART VI, SECTION C, LINE 19 HAWAII PACIFIC UNIVERSITY MAKES ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE UPON REQUEST. THE UNIVERSITY'S FINANCIAL STATEMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC. HAWAII LIFESTYLE RETAIL PROPERTIES LLC 1 ALOHA TOWER DR STE 3200 HONOLULU HI 96813 320361534 REAL ESTATE HI -4663560 101978995 HPU OI CONSULTANTS INC 41-202 KALANIANAOLE HWY WAIMANALO HI 96795 990200034 CONSULTING HI HPU C 736 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0