2020-04-15T20:25:44-05:00 2019-05-31 261659234 CW ASSOCIATES CPAS 700 BISHOP STREET SUITE 1040 HONOLULU HI 96813 990 2018-06-01 990078306 HAWAII PREPARATORY ACADEMY HAWA 8088857321 65-1692 KOHALA MOUNTAIN ROAD KAMUELA HI 967438476 PATRICK PHILLIPS HEAD OF SCHOOL 8088857321 2020-04-15 1 MELANIE A KING P00220997 8085311040 67.53.223.34 2020-04-15 11:29:36 HS P 8C88AA400D19617837465336ECDACC50D65DF9B9 462BB3DC975C3364FF5F4C6E8B73743921F7DA39 2018 2021-01-29 14:40:06Z PATRICK PHILLIPS 65-1692 KOHALA MOUNTAIN ROAD KAMUELA HI 967438476 38437256 0 X WWW.HPA.EDU X 1957 HI EDUCATION 16 16 314 146 492199 -113321 1615870 1198704 22025246 22210808 2433887 3261036 653371 760912 26728374 27431460 4031553 3953086 0 0 13908142 14849024 77978 15875 770274 8862306 9121486 26879979 27939471 -151605 -508011 139279747 138105625 8662317 10740846 130617430 127364779 TO PROVIDE EXCEPTIONAL LEARNING OPPORTUNITIES IN A DIVERSE COMMUNITY HONORING THE TRADITIONS OF HAWAII. SEE SCHEDULE O. 0 0 22540494 3953086 22475650 K-12 EDUCATIONAL PROGRAM - PROVIDES EDUCATION FOR APPROXIMATELY 613 STUDENTS FROM KINDERGARTEN TO GRADE 12 22540494 1 1 0 0 0 1 0 1 0 1 1 0 0 1 0 1 1 0 1 0 0 0 0 1 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 1 X 74 0 1 314 1 1 1 0 0 0 0 1 1 0 0 0 1 0 0 0 X 16 16 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X KIM HERRENKOHL 8088857321 65-1692 KOHALA MOUNTAIN ROAD KAMUELA HI 967438476 LAURIE T AINSLIE PRESIDENT/TREASURER/BOARD MEMBER 2.00 X X 0 0 0 RICH MATSUDA FIRST VICE PRESIDENT/BOARD MEMBER 2.00 X X 0 0 0 TAFFI WISE SECRETARY/BOARD MEMBER 2.00 X X 0 0 0 ROBERT BUDWAY BOARD MEMBER 2.00 X 0 0 0 MICHAEL J CHUN BOARD MEMBER 2.00 X 0 0 0 TAYLOR EASLEY BOARD MEMBER 2.00 X 0 0 0 ALLISON HOLT GENDREAU BOARD MEMBER 2.00 X 0 0 0 NONA HASEGAWA BOARD MEMBER 2.00 X 0 0 0 CINDY MCMACKIN BOARD MEMBER 2.00 X 0 0 0 PAUL NAKAYAMA BOARD MEMBER 2.00 X 0 0 0 SAM PRATT BOARD MEMBER 2.00 X 0 0 0 WILLIAM D PRATT BOARD MEMBER 2.00 X 0 0 0 MICHAEL S SPALDING BOARD MEMBER 2.00 X 0 0 0 PETER M VITOUSEK BOARD MEMBER 2.00 X 0 0 0 ROBERT WITT BOARD MEMBER 2.00 X 0 0 0 DAVID ZIERK BOARD MEMBER 2.00 X 0 0 0 C SCOTT BRADLEY FORMER PRESIDENT & CHAIRMAN 2.00 X X 0 0 0 GREGORY R MOOERS FORMER FIRST VP & BOARD MEMBER 2.00 X X 0 0 0 WILL J HANCOCK FORMER SECRETARY 2.00 X X 0 0 0 JOHN ARRILLAGA JR FORMER TREASURER 2.00 X X 0 0 0 DANIEL J PETRILL FORMER ASSISTANT TREASURER 40.00 X 91253 0 16743 ROBERT B MCKENDRY SECOND VP & HEAD OF SCHOOL 40.00 X 200820 0 41151 KATHERINE PURDY ASSISTANT SECRETARY 40.00 X 56319 0 7056 ERIN MORGAN ASSISTANT TREASURER 40.00 X 51854 0 88 MARK NOETZEL DEAN OF CAMPUS LIFE 40.00 X 133683 0 15209 GARY JARVILL TEACHER 40.00 X 113974 0 29235 ALAIN CARMEN SYKES DEAN OF ACADEMICS 40.00 X 101118 0 17097 749021 0 126579 4 0 1 0 SODEXO AMERICA LLC DEPT 880328 LOS ANGELES CA 900880328 FOOD SERVICE 1617328 FLANSBURGH ASSOCIATES INC 77 N WASHINGTON ST SUITE 600 BOSTON MA 02114 ARCHITECTURAL SERVICES 575209 ALLIED UNIVERSAL SECURITY SERVICES 1132 BISHOP ST 300 HONOLULU HI 96813 SECURITY SERVICES 506413 VILLAGE AUDIO & LIGHTING 288 OE ST KIHEI HI 96753 AUDIO UPGRADE SERVICES 300433 KRISTIN FOGDALL STUDIO 285 JERSEY WAY MORRISVILLE VT 05661 COMMUNICATIONS & PUBLICATION CONSULT 209389 11 20950 1177754 250726 1198704 TUITION AND FEES 611710 21265343 21265343 SPECIAL EVENTS 611710 945465 945465 22210808 2416594 2416594 11792015 10947573 844442 844442 844442 11095 20950 7224 3871 3871 73200 50999 22201 22201 ISAACS ART GALLERY 900099 492199 492199 STATE ENERGY TAX CREDIT 900099 231747 231747 OTHER INCOME 900099 10894 10894 734840 27431460 22475650 492199 3264907 3953086 3953086 458046 73079 360607 24360 9550164 7823196 1230525 496443 758240 603099 124604 30537 3342236 2631827 696329 14080 740338 607077 96244 37017 153350 153350 52640 52640 15875 15875 126896 126896 365561 237657 127904 106412 106412 1364445 760258 558116 46071 1692794 1580080 98212 14502 294746 245806 15726 33214 165987 162253 3734 137408 137408 1312208 1246598 65610 FOOD SERVICES 1255342 1245336 10006 STUDENT ACTIVITIES 832151 830629 1522 OTHER EXPENSES 637320 91117 491762 54441 ART CENTER OPERATIONS 510340 505237 5103 113886 113886 27939471 22540494 4628703 770274 626902 1512446 302189 451310 75587 15544 204510 187132 2184595 2188210 286022 369075 75169059 23517124 49877221 51651935 25909400 23118257 59813321 58611716 139279747 138105625 2316138 2493628 2653465 2551360 3692714 5695858 8662317 10740846 X 51984364 51754504 11881630 10096001 66751436 65514274 130617430 127364779 139279747 138105625 X -508011 -1490135 -1254505 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 582996 0 0 1840235 X X X X FUNDRAISING 1 26398306 18238 82951 2701514 23797981 25368701 -428607 2568332 1110120 26398306 22630619 1006737 2829336 1097991 25368701 24319765 36838 -601363 1124621 22630619 23690843 354562 1376077 1101717 24319765 0.41160 0.42410 0.16430 1 0 6312078 6312078 51880550 12595757 39284793 928121 544030 384091 16048310 10377337 5670973 51651935 DONATED ARTWORK HELD FOR INVESTMENT 2438897 BENEFICIAL INTEREST IN PARKER RANCH FOUNDATION 34515765 BENEFICIAL INTEREST IN TRUSTS HELD BY OTHERS 20905984 DONATED REAL ESTATE HELD FOR INVESTMENT 751070 58611716 X 20648558 -1490135 4875 -5228969 -6714229 27362787 126896 -58223 68673 27431460 23901209 4875 58223 63098 23838111 126896 3974464 4101360 27939471 PART III, LINE 4: THE ACADEMY MAINTAINS AN EXTENSIVE COLLECTION OF HAWAIIAN ART INCLUDING PAINTINGS AND HAND-MADE ARTIFACTS. ARTWORK IS DONATED TO THE ACADEMY AND MAINTAINED BY THE ISAACS ART GALLERY. ARTWORK IS KEPT FOR EDUCATIONAL PURPOSES, PRESERVATION OF HAWAIIAN CULTURE OR SOLD FOR FUNDRAISING PURPOSES. PART V, LINE 4: THE ACADEMY'S ENDOWMENT INCLUDES 76 INDIVIDUAL DONOR-RESTRICTED FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. THE ACADEMY'S ENDOWMENT CONSISTS OF BOTH DONOR-RESTRICTED FUNDS AND FUNDS DESIGNATED BY THE BOARD TO FUNCTION AS ENDOWMENTS. NET ASSETS ASSOCIATED WITH THESE ENDOWMENT FUNDS, INCLUDING BOARD-DESIGNATED FUNDS, ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. THE ACADEMY HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS SUPPORTED BY ITS ENDOWMENT WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS. ENDOWMENT ASSETS INCLUDE THOSE ASSETS OF DONOR-RESTRICTED FUNDS THAT THE ACADEMY MUST HOLD IN PERPETUITY OR FOR A DONOR-SPECIFIED PERIOD AS WELL AS BOARD-DESIGNATED FUNDS. UNDER THIS POLICY, THE ENDOWMENT ASSETS ARE INVESTED IN A MANNER TO ENSURE THAT THE FUTURE GROWTH OF THE ENDOWMENT ASSETS IS SUFFICIENT TO OFFSET NORMAL INFLATION PLUS REASONABLE SPENDING, THEREBY PRESERVING THE CONSTANT DOLLAR VALUE AND PURCHASING POWER OF THE ENDOWMENT FUNDS FOR FUTURE GENERATIONS. PART X, LINE 2: ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE UNCERTAIN TAX POSITIONS TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS IF THEY ARE MORE LIKELY THAN NOT TO FAIL UPON REGULATORY EXAMINATION. MANAGEMENT HAS EVALUATED THE ACADEMY'S TAX POSITIONS AS OF MAY 31, 2019 AND 2018 AND FOR THE YEARS THEN ENDED BY REVIEWING ITS INCOME TAX RETURNS AND CONFERRING WITH ITS TAX ADVISORS, AND DETERMINED THAT THE ACADEMY HAD NO UNCERTAIN TAX POSITIONS REQUIRED TO BE REPORTED IN ACCORDANCE WITH SUCH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES. THE ACADEMY IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS IN PROGRESS FOR ANY OPEN TAX PERIODS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGES IN BENEFICIAL INTERESTS IN TRUSTS HELD BY OTHERS -1,254,505. STUDENT AID & TUITION REMISSION (NETTED AGAINST REVENUE PER AUDIT REPORT) -3,974,464. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF SALES - INVENTORY (NETTED AGAINST REVENUE PER TAX RETURN) -50,999. FUNDRAISING EXPENSES -7,224. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES - INVENTORY (NETTED AGAINST REVENUE PER TAX RETURN) 50,999. FUNDRAISING EXPENSES 7,224. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID & TUITION REMISSION (NETTED AGAINST REVENUE PER AUDIT REPORT) 3,974,464. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 NONDISCRIMINATORY POLICY PRINTED ON ADMISSION AND FINANCIAL AID PUBLICATION AND IN NEWSPAPER ADVERTISEMENTS. X X X X X 1 UGUISU RESEARCH LLC 30 N GOULD ST SUITE 4245 SHERIDAN WY 82801 DONOR RESEARCH 0 0 15750 0 15750 HI DAY OF THE DEAD 27175 19350 7825 4757 1 4870 1600 3270 2467 32045 20950 11095 7224 7224 3871 1 STUDENT TUITION FINANCIAL AID 251 3953086 PART I, LINE 2: THE SCHOOL PROVIDES GRANTS IN THE FORM OF CREDITS AGAINST TUITION INVOICES. GRANT FUNDS ARE NOT ACTUALLY DISBURSED FROM THE SCHOOL. X X X 1 1 X X X 0 0 0 0 0 0 0 0 0 ROBERT B MCKENDRY SECOND VP & HEAD OF SCHOOL 200820 0 0 0 0 0 16767 0 24384 0 241971 0 0 0 PART I, LINE 1A THE HEAD OF SCHOOL RESIDES ON CAMPUS AS A CONDITION OF EMPLOYMENT. X 18 33053 FAIR MARKET VALUE X 2 10525 FAIR MARKET VALUE X 1 40000 FAIR MARKET VALUE X 1 2478 FAIR MARKET VALUE X 1 52900 FAIR MARKET VALUE X PROGRAM/AUCTION ITEMS 33 111770 FAIR MARKET VALUE 10 0 1 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS. FORM 990, PART V, LINE 1G: QUESTION 7G IS NOT APPLICABLE TO THE EXEMPT ORGANIZATION. AS SUCH, IT HAS BEEN LEFT BLANK. FORM 990, PART VI, SECTION A, LINE 2 WILLIAM D. PRATT (BOARD MEMBER) AND SAM PRATT (BOARD MEMBER) HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B HPA'S ASSISTANT TREASURER WORKS WITH THE RETURN PREPARER TO COMPLETE THE FORM 990. THE COMPLETE FORM 990 IS PROVIDED TO THE FULL BOARD FOR THEIR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C A QUESTIONNAIRE IS SENT TO ALL BOARD MEMBERS AND OFFICERS ANNUALLY, EDUCATING THEM ABOUT THE ISSUE OF A CONFLICT OF INTEREST. THE COMMITTEE ON TRUSTEES REVIEWS INITIALLY AND ANNUALLY ALL TRANSACTIONS THAT MAY ARISE OR DO EXIST BETWEEN THE SCHOOL AND INDIVIDUALS WITH ACTUAL OR POTENTIAL CONFLICTS OF INTEREST, TRANSMITTING ITS RECOMMENDATIONS CONCERNING THE APPROPRIATENESS OF ANY SUCH TRANSACTIONS TO THE FULL BOARD OF TRUSTEES. THE BOARD OF TRUSTEES THEN DETERMINES WHETHER OR NOT TO PROCEED WITH SUCH TRANSACTION. AN OFFICER OR TRUSTEE WHO HAS POTENTIAL OR ACTUAL CONFLICT OF INTEREST, OR THE APPEARANCE THEREOF, SHALL RECUSE HIMSELF OR HERSELF FROM ANY VOTE OR ACCOMPANYING DISCUSSION. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF TRUSTEES IS SOLELY RESPONSIBLE FOR DECISIONS REGARDING THE ENTIRE COMPENSATION PACKAGE FOR THE HEAD OF SCHOOL, WHO IS THE SCHOOL'S TOP MANAGEMENT OFFICIAL AND SECOND VICE PRESIDENT, AS WELL AS OTHER OFFICERS AND KEY EMPLOYEES. A SUBCOMMITTEE OF INDEPENDENT PERSONS IS CHARGED WITH EXECUTING THE COMPENSATION POLICY, INCLUDING COLLECTING DATA (I.E. SALARY DATA FROM COMPARABLE SCHOOLS), MAKING A COMPENSATION RECOMMENDATION, AND FOLLOWING ALL DOCUMENTATION REQUIREMENTS. THIS PROCESS WAS LAST UNDERTAKEN IN 2017. FORM 990, PART VI, SECTION C, LINE 19 FORM 1023 - AVAILABLE UPON REQUEST FORM 990 - AVAILABLE UPON REQUEST OR VIA WWW.GUIDESTAR.ORG GOVERNING DOCUMENTS - AVAILABLE UPON REQUEST (FACT DEPENDENT) CONFLICT OF INTEREST POLICY - NOT AVAILABLE (INTERNAL USE ONLY) FINANCIAL STATEMENTS - AVAILABLE UPON REQUEST OR VIA WWW.GUIDESTAR.ORG FORM 990, PART XI, LINE 9: CHANGES IN BENEFICIAL INTERESTS IN TRUSTS HELD BY OTHERS -1,254,505. FORM 990, PART XII, LINE 2C: THE OVERSIGHT PROCESS OF THE AUDITED FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. FORM 990, PART III, LINE 1: FOUNDED IN 1949, HAWAII PREPARATORY ACADEMY IS AN INDEPENDENT COEDUCATIONAL SCHOOL PROVIDING A FULL RANGE OF OPPORTUNITIES FOR STUDENTS FROM KINDERGARTEN THROUGH GRADE 12. OUR BOARDING PROGRAM ADMITS STUDENTS IN GRADES 9 THROUGH 12. HPA FEATURES MANY UNIQUE COURSES AND ACTIVITIES (MARINE SCIENCE FIELD STUDIES, SEA TURTLE RESEARCH, SCUBA CERTIFICATION, AND MORE) THAT MAKE USE OF HAWAII'S GEOGRAPHICAL SETTING AND GIVE STUDENTS A STRONG SENSE OF HAWAII AND ITS CULTURE. OFFERINGS ALSO INCLUDE PROGRAMS IN THE VISUAL AND PERFORMING ARTS AS WELL AS A SUCCESSFUL UPPER SCHOOL INTERSCHOLASTIC ATHLETIC PROGRAM THAT STRESSES SCHOOL-WIDE PARTICIPATION AND TEACHES THE VALUES OF SPORTSMANSHIP AND FAIR PLAY. THE SCHOOL HAS TWO CAMPUSES IN THE TOWN OF WAIMEA (KAMUELA) ON THE ISLAND OF HAWAII. THE LOWER AND MIDDLE SCHOOLS ARE LOCATED ON NINE ACRES IN THE HEART OF HAWAII'S RANCHING COUNTRY, WHILE THE UPPER SCHOOL IS LOCATED JUST TWO MILES AWAY ON A 200-ACRE CAMPUS AT THE FOOT OF THE KOHALA MOUNTAINS. HPA IS FULLY ACCREDITED BY THE WESTERN ASSOCIATION OF SCHOOLS AND COLLEGES AND IS A MEMBER OF 12 EDUCATIONAL ORGANIZATIONS INCLUDING THE COUNCIL FOR THE ADVANCEMENT AND SUPPORT OF EDUCATION, COLLEGE ENTRANCE EXAMINATION BOARD, COUNCIL FOR SPIRITUAL AND ETHICAL EDUCATION, CUM LAUDE SOCIETY, NATIONAL ASSOCIATION OF COLLEGE ADMISSION COUNSELORS, HAWAII ASSOCIATION OF INDEPENDENT SCHOOLS, AND NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS. VISIT HTTP://WWW.HPA.EDU/ABOUT FOR MORE INFORMATION REGARDNG HPA'S ENROLLMENT, FACULTY, COLLEGE COUNSELING PROGRAM, SPORTS AND CO-CURRICULAR ATIVITIES, ADVANCED PLACEMENT PREPARATION, AND USE OF TECHNOLOGY IN THE LEARNING PROCESS. HAWAII PREPARATORY ACADEMY ALUMNI ASSOCIATION INC 65-1692 KOHALA MOUNTAIN ROAD KAMUELA HI 96743 990225471 SUPPORT HAWAII PREPARATORY ACADEMY HI 501(C)(3) LINE 11 N/A 0 PARKER RANCH FOUNDATION TRUST 66-1304 MAMALAHOA HIGHWAY KAMUELA HI 96743 996064620 SUPPORT HAWAII PREPARATORY ACADEMY AND OTHER HAWAII ORGANIZATIONS HI 501(C)(3) LINE 11 - TYPE 1 N/A 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 PARKER RANCH FOUNDATION TRUST C 384729 CASH