2021-05-12T14:51:45-07:00 2020-06-30 990 2019-07-01 990113930 HAWAII PACIFIC UNIVERSITY HAWA 8083565272 500 ALA MOANA BLVD SUITE 6420 HONOLULU HI 96813 David Kostecki SVP & CFO 8083565256 2021-05-14 2019 2022-09-23 18:48:47Z JOHN GOTANDA 500 ALA MOANA BLVD SUITE 6420 HONOLULU HI 96813 111673405 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. 15 14 1419 262 1566612 563690 3792671 6815107 91732862 95930952 2268951 2103157 -841309 -2199101 96953175 102650115 27911909 31274684 0 0 43277033 39997951 0 16455 1282239 36718426 33723319 107907368 105012409 -10954193 -2362294 174124965 167410754 102899451 98783475 71225514 68627279 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 OCEANIC INSTITUTE. 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 70000782 31274684 95930952 THE UNIVERSITY PROVIDES HIGHER EDUCATION SERVICES TO APPROXIMATELY 5000 STUDENTS. GRANTS ARE PRIMARILY MERIT AND NEED-BASED SCHOLARSHIPS PROVIDED TO STUDENTS. 0 0 0 70000782 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 0 1 1 1 1 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 1 0 0 0 0 1 1 1 0 0 0 1 2722 0 1 1419 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 15 14 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 X JOHN GOTANDA TRUSTEE, PRESIDENT 40 X X 549342 0 42095 JAN BOIVIN SVP, GENERAL COUNSEL, SECRETARY 40 X 289828 0 12974 DAVID KOSTECKI SVP & CFO 40 X 278459 0 5874 WILLIAM RHEY DEAN, COLLEGE OF BUSINESS 40 X 251212 0 27096 GREGORY GRAUMAN VP, ENROLLMENT MANAGEMENT 40 X 211617 0 32439 SHAUN MOSS EXECUTIVE DIRECTOR - OI 40 X 200414 0 35711 STEPHEN WARD VP, COMM. & MARKETING 40 X 212241 0 16658 SAMUEL MOKU VP, UNIVERSITY RELATIONS 40 X 214512 0 12523 BROOKE CARROLL ASSOC VP, CHIEF DEVELOPMENT OFFICER 40 X 194736 0 30887 CODY DOWN ASSOC VP & CIO 40 X 205816 0 19132 HALAEVALU VAKALAHI DEAN, CHS 40 X 199387 0 10078 JENNIFER WALSH SVP & PROVOST 40 X 177600 0 9843 ALLISON GOUGH DEAN, LIBERAL ARTS 40 X 166722 0 15004 BRENDA JENSEN DEAN, CNCS 40 X 167198 0 10842 MANISH SEHGAL DEAN, COLLEGE OF PROF. STUDIES 40 X 139926 0 32408 JAYNE SMITTEN ASSOCIATE DEAN, CHS 40 X 136558 0 13415 JAMES AJELLO TRUSTEE, TREASURER 5 X 0 0 0 JEFFREY BOROMISA TRUSTEE 5 X 0 0 0 JOACHIM COX TRUSTEE 5 X 0 0 0 LAYLA DEDRICK TRUSTEE 5 X 0 0 0 FRED GUSTAVSON TRUSTEE 5 X 0 0 0 KAREN HUFFMAN TRUSTEE, VICE-CHAIR 5 X 0 0 0 RICHARD HUNTER TRUSTEE, CHAIR 5 X 0 0 0 LINDA LINGLE TRUSTEE 5 X 0 0 0 VIOLET LOO TRUSTEE 5 X 0 0 0 STEPHEN METTER TRUSTEE 5 X 0 0 0 JAMES POLK TRUSTEE 5 X 0 0 0 DONALD TAKAKI TRUSTEE 5 X 0 0 0 RAYMOND VARA TRUSTEE 5 X 0 0 0 LANCE WILHELM TRUSTEE 5 X 0 0 0 3595568 0 326979 48 1 1 0 ARAMARK SERVICES INC 5880 NOLENVILLE PIKE NASHVILLE TN 37211 FOOD SERVICES 3127424 ALLIED UNIVERSAL SECURITY SERVICES 1551 N TUSTIN AVENUE 650 SANTA ANA CA 92705 SECURITY SERVICES 978681 PERKINS WILL INC 410 N MICHIGAN AVENUE SUITE 1600 CHICAGO IL 60611 ARCHITECTURE 833623 WKF INC 1000 BISHOP ST STE 810 HONOLULU HI 96813 REAL ESTATE 832847 RANDALL INDUSTRIES INC PO BOX 235852 HONOLULU HI 96823 CONTRACTOR 681310 44 0 0 36765 0 2827779 3950563 5051 6815107 TUITION & FEES 611310 86298166 86298166 0 0 STUDENT HOUSING 611310 4458842 4458842 0 0 STUDENT MEAL SERVICE 611310 2888442 2888442 0 0 RESEARCH AND TECHNICAL SERVICES 541690 2285502 2285502 0 0 0 0 0 0 95930952 1074840 0 0 1074840 108333 0 0 108333 8328 0 0 8328 2241843 0 6744678 0 -4502835 0 -4502835 0 0 -4502835 3152270 0 2232286 0 919984 0 919984 0 0 919984 60957 36765 46326 14631 0 14631 PARKING REVENUE 812930 1506237 0 1405361 100876 EVENTS 531190 116967 0 116967 0 OTHER REVENUE - BOOKSTORE 451211 111971 0 0 111971 545600 0 44284 501316 2280775 102650115 95930952 1566612 -1662556 31274684 31274684 2354449 808267 1445156 101026 31933014 25762772 5522089 648153 506015 407514 88541 9960 2830251 1710286 1044063 75902 2374222 1845330 477461 51431 8305 8305 197210 460 196750 319247 319247 16455 16455 45181 45181 6043963 3633439 2280704 129820 837177 272962 458374 105841 2057542 1706518 296427 54597 2396218 47683 2343938 4597 6705541 63699 6630732 11110 1369164 1196872 119001 53291 303415 238516 55792 9107 4870741 4870741 2732518 2732518 1074057 117165 956829 63 BAD DEBT 1488199 0 1488199 0 UTILITIES 1036108 221545 814522 41 RECRUITMENT 504110 479719 24391 0 REPAIRS AND MAINTENANCE 268064 61109 205060 1895 1466559 152242 1305367 8950 105012409 70000782 33729388 1282239 1051 995 16073618 11761566 840374 1896815 5848030 5206929 1684102 1019461 1894786 1434199 133491321 40564903 96422999 92926418 41431452 43568875 8888076 8661629 1040477 933867 174124965 167410754 12176637 9312645 9805769 10001926 75319796 74596971 2421998 2042028 3175251 2829905 102899451 98783475 X 53516919 52359435 17708595 16267844 71225514 68627279 174124965 167410754 -2362294 -235941 0 0 0 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 118350 0 0 X X X 0 41911674 555228 1829396 0 1259233 0 43037065 44644947 300000 2343378 0 5376651 0 41911674 44369249 90577 2955043 0 2769922 0 44644947 55775010 94702 4653410 0 16153873 0 44369249 61746456 40598 -3302394 0 2709650 0 55775010 0.6368 0.3632 0 0 0 0 0 0 0 71605516 15969779 55635737 0 18035713 2728899 15306814 0 15179825 10442675 4737150 0 28670267 11423550 17246717 92926418 Federal Student Loan Obligations 2829905 2829905 X Schedule D, 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. Schedule D, 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. Schedule D, 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. Schedule E, Part I, Line 7 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 0.4%, ASIAN/NATIVE HAWAIIAN/PACIFIC ISLANDER 25.6%, BLACK OR AFRICAN AMERICAN 6.0%, HISPANIC/LATINO 16.1%, WHITE 21.0%, NON-RESIDENT ALIEN 7.8%, AND TWO OR MORE RACES/OTHER/UNKNOWN 23.1%. THE UNIVERSITY COMPLIED WITH ALL ASPECTS OF REV. PROC. 75-50, SECTIONS 4.01 THROUGH 4.05. East Asia and the Pacific 3 Program Services RECRUITMENT 140384 South Asia 1 Program Services RECRUITMENT 37920 Middle East and North Africa 1 Program Services RECRUITMENT 37920 Europe (including Iceland and Greenland) 1 Program Services RECRUITMENT 47969 East Asia and the Pacific Program Services STUDY ABROAD 8706 East Asia and the Pacific Speaking at Seminars or Conferences FACULTY DEVELOPMENT 6821 North America (including Canada and Mexico, but not the United States) Speaking at Seminars or Conferences FACULTY DEVELOPMENT 2072 East Asia and the Pacific Program Services CONSULTING 28985 South Asia Program Services CONSULTING 23359 Europe (including Iceland and Greenland) Program Services RESEARCH GRANTS 260 East Asia and the Pacific Program Services RESEARCH GRANTS 1178 South Asia Program Services RESEARCH GRANTS 2715 North America (including Canada and Mexico, but not the United States) Program Services RESEARCH GRANTS 402 0 6 338691 0 0 0 0 0 0 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. X X X X X X X 1 DONOR RELATIONS GURU LLC 43 RAINEY ST APT 1004 AUSTIN TX 787014435 CONSULTING 0 0 16455 -16455 0 16455 -16455 HI SHARKS DINNER 33280 25360 7920 0 0 2199 10329 0 0 FIRST PITCH DINNER 16535 11405 5130 0 0 0 4136 0 0 0 49815 36765 13050 0 0 2199 14465 0 0 16664 -3614 1 FINANCIAL AID & SCHOLARSHIPS 2270 31274684 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 418082 0 44000 0 87260 0 3000 0 39095 0 591437 0 0 0 JAN BOIVIN SVP, GENERAL COUNSEL, SECRETARY 283262 0 0 0 6566 0 7950 0 5024 0 302802 0 0 0 DAVID KOSTECKI SVP & CFO 271912 0 0 0 6547 0 0 0 5874 0 284333 0 0 0 WILLIAM RHEY DEAN, COLLEGE OF BUSINESS 247726 0 0 0 3486 0 7800 0 19296 0 278308 0 0 0 GREGORY GRAUMAN VP, ENROLLMENT MANAGEMENT 205199 0 0 0 6418 0 6750 0 25689 0 244056 0 0 0 SHAUN MOSS EXECUTIVE DIRECTOR - OI 193226 0 0 0 7188 0 6000 0 29711 0 236125 0 0 0 STEPHEN WARD VP, COMM. & MARKETING 174540 0 15000 0 22701 0 3150 0 13508 0 228899 0 0 0 SAMUEL MOKU VP, UNIVERSITY RELATIONS 207272 0 0 0 7240 0 6300 0 6223 0 227035 0 0 0 BROOKE CARROLL ASSOC VP, CHIEF DEVELOPMENT OFFICER 179932 0 0 0 14804 0 5544 0 25343 0 225623 0 0 0 CODY DOWN ASSOC VP & CIO 204825 0 0 0 991 0 6420 0 12712 0 224948 0 0 0 HALAEVALU VAKALAHI DEAN, CHS 198922 0 0 0 465 0 6000 0 4078 0 209465 0 0 0 JENNIFER WALSH SVP & PROVOST 153959 0 0 0 23641 0 0 0 9843 0 187443 0 0 0 ALLISON GOUGH DEAN, LIBERAL ARTS 166308 0 0 0 414 0 5100 0 9904 0 181726 0 0 0 BRENDA JENSEN DEAN, CNCS 166928 0 0 0 270 0 5038 0 5804 0 178040 0 0 0 MANISH SEHGAL DEAN, COLLEGE OF PROF. STUDIES 139244 0 0 0 682 0 4800 0 27608 0 172334 0 0 0 JAYNE SMITTEN ASSOCIATE DEAN, CHS 136162 0 0 0 396 0 4200 0 9215 0 149973 0 0 0 Schedule J, 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 PRESIDENT GOTANDA'S SOCIAL CLUB DUES, 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. Schedule J, 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. 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 1435000 0 42459947 4147655 1804485 0 0 37084014 0 2015 0 0 1 1 B 0 0 33915051 2636911 0 0 339012 0 31071138 1 0 1 1 A 0 1 1 1 0 0.026 0.009 0.035 0 0 1 B 0 1 1 1 0 0.024 0.009 0.033 0 0 1 A 0 0 0 1 0 0 1 SEE PART VI 1.6 1 0 1 B 0 1 1 0 0 0 0 0 1 A 1 B 1 Schedule K, Part II, Line 3-07/30/2013 42,317,997 STATE OF HAWAII DEPARTMENT OF BUDGET AND FINANCE THE DIFFERENCE BETWEEN PART I (E) AND PART II, LINE 3 IS DUE TO INTEREST EARNINGS ON BOND PROCEEDS. 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 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 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 5b-07/30/2013 42,317,997 STATE OF HAWAII DEPARTMENT OF BUDGET AND FINANCE BAYERISCHE LANDESBANK SUBSTANTIAL CONTRIBUTOR SUBSTANTIAL CONTRIBUTOR 1895330 HEALTH INSURANCE 0 ISLAND MOVERS INC ENTITY OWNED BY DONALD TAKAKI, HPU TRUSTEE 279234 OFFICE MOVING SERVICES 0 Form 990, Part VI, Section A, Line 1a 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 FORM 990 AND SUPPORTING WORKPAPERS ARE PREPARED AND REVIEWED INTERNALLY BY STAFF AND MANAGEMENT, INCLUDING THE CFO OF THE ORGANIZATION. 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, 2020. 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. Form 990, Part VII, Section A, Line 1a THE FOLLOWING INDIVIDUALS SERVED AS NON-VOTING MEMBERS OF THE BOARD OF TRUSTEES AND WERE NOT COMPENSATED FOR THEIR SERVICES: MARTIN ANDERSON, STEVEN BAKER, MICHAEL CHUN, JOHN LOCKWOOD, HENRY RICE, JAMES ROMIG, AND ALLEN ZECHA. HAWAII LIFESTYLE RETAIL PROPERTIES LLC 1 ALOHA TOWER DR STE 3200 HONOLULU HI 96813 320361534 REAL ESTATE HI -3999079 73996320 HAWAII PACIFIC UNIVERSITY OI CONSULTANTS INC 41-202 KALANIANAOLE HWY WAIMANALO HI 96795 990200034 CONSULTING HI HAWAII PACIFIC UNIVERSITY C 0 736 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0