2020-07-13T16:18:27-07:00 2019-06-30 990 2018-07-01 990113930 HAWAII PACIFIC UNIVERSITY HAWA 8083565272 500 ALA MOANA BLVD SUITE 6420 HONOLULU HI 96813 David Kostecki SVP & CFO 8083565256 2020-05-15 198.199.136.6 2018 2021-01-29 14:40:06Z JOHN GOTANDA 500 ALA MOANA BLVD SUITE 6420 HONOLULU HI 96813 122656468 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. 14 13 1427 299 2050641 926273 4830166 3792671 83352130 91732862 955335 2268951 3183280 -841309 92320911 96953175 24982056 27911909 0 0 43278001 43277033 0 0 1167233 33739461 36718426 101999518 107907368 -9678607 -10954193 177079088 174124965 95392445 102899451 81686643 71225514 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 70955427 27911909 91732862 THE UNIVERSITY PROVIDES HIGHER EDUCATION SERVICES TO APPROXIMATELY 5000 STUDENTS. GRANTS ARE PRIMARILY MERIT AND NEED-BASED SCHOLARSHIPS PROVIDED TO STUDENTS. 0 0 0 70955427 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 0 1 1 1 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 1 1 1 0 0 0 1 2609 0 1427 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 14 13 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 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 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 JOHN GOTANDA TRUSTEE, PRESIDENT 40 X X 550970 0 53814 BRUCE EDWARDS SVP & CFO (UNTIL 1/3/19) 40 X 294078 0 34955 JAN BOIVIN SVP, GENERAL COUNSEL, SECRETARY 40 X 288722 0 22274 DAVID KOSTECKI SVP & CFO 40 X 16542 0 60 WILLIAM RHEY DEAN, COLLEGE OF BUSINESS 40 X 203536 0 23844 SHAUN MOSS EXECUTIVE DIRECTOR - OI 40 X 200151 0 38284 JAYNE SMITTEN ASSOC DEAN, COLL. OF HEALTH & SOCIETY 40 X 167840 0 16923 ALLISON GOUGH DEAN, LIBERAL ARTS 40 X 167068 0 19248 BRENDA JENSEN DEAN, CNCS 40 X 166750 0 14307 MANISH SEHGAL DEAN, COLLEGE OF PROF. STUDIES 40 X 151095 0 29438 GREGORY GRAUMAN VP, ENROLLMENT MANAGEMENT 40 X 206525 0 39241 CODY DOWN ASSOC VP & CIO 40 X 195034 0 23460 SAMUEL MOKU VP, UNIVERSITY RELATIONS 40 X 186755 0 42569 ERIKA STRAWN ASSOCIATE GENERAL COUNSEL 40 X 159490 0 12096 BROOKE CARROLL ASSOC VP, CHIEF DEVELOPMENT OFFICER 40 X 150460 0 26242 MATTHEW LIAO-TROTH FORMER SVP & PROVOST 0 X 249228 0 5473 3354244 0 402228 52 1 1 0 SWINERTON BUILDERS 1003 BISHOP ST STE 1340 HONOLULU HI 96813 CONTRACTOR 3124138 SODEXO 9801 WASHINGTONIAN BLVD GAITHERSBURG MD 20878 FOOD SERVICES 817535 STAR PROTECTION AGENCY 846 S HOTEL STREET NO 200 HONOLULU HI 96813 SECURITY SERVICES 772099 ARAMARK SERVICES INC 27310 NETWORK PLACE CHICAGO IL 60673 FOOD SERVICES 669300 VIP TRANSPORTATION INC 443 KALEWA ST HONOLULU HI 96819 TRANSPORTATION SERVICES 596091 37 0 0 111117 0 2293180 1388374 87569 3792671 TUITION & FEES 611310 81798551 81798551 0 0 STUDENT HOUSING 611310 4569597 4569597 0 0 STUDENT MEAL SERVICE 611310 2984728 2984728 0 0 RESEARCH AND TECHNICAL SERVICES 541690 2158441 2158441 0 0 BY-PRODUCT SALES 541690 221545 221545 0 0 0 0 0 0 91732862 1096949 0 0 1096949 404565 0 0 404565 10256 0 0 10256 2678827 0 6330017 0 -3651190 0 -3651190 0 0 -3651190 20019496 0 19183272 68787 836224 -68787 767437 0 0 767437 86957 111117 121217 -34260 0 -34260 PARKING REVENUE 812930 2062569 0 1825492 237077 OTHER REVENUE - BOOKSTORE 451211 246630 0 0 246630 EVENTS 531190 188703 0 188703 0 335983 0 36446 299537 2833885 96953175 91732862 2050641 -622999 0 0 27911909 27911909 0 0 0 0 2508304 1206627 1301677 0 32058 32058 0 0 33516232 26179914 6727118 609200 1930568 1494192 401563 34813 2811075 2080854 708866 21355 2478796 1897159 539310 42327 12109 0 12109 0 889892 3333 886559 0 314138 0 314138 0 0 0 0 0 0 0 43996 0 43996 0 7537777 3880122 3454064 203591 884660 361026 464005 59629 2495860 2068810 349933 77117 2594008 71284 2513571 9153 0 0 0 0 6971313 149357 6792976 28980 2025812 1792828 193015 39969 0 0 0 0 406747 293138 91241 22368 4895378 0 4895378 0 0 0 0 0 2117763 0 2117763 0 1023604 102059 921545 0 UTILITIES 1198429 278371 920058 0 RECRUITMENT 1114953 844167 270786 0 REPAIRS AND MAINTENANCE 338818 69448 267978 1392 BAD DEBT 800503 0 800503 0 1052666 238771 796556 17339 107907368 70955427 35784708 1167233 2595 1051 15178059 16073618 1076131 840374 4967030 5848030 0 0 0 0 2030182 1684102 0 0 1758215 1894786 131069599 34646600 82934232 96422999 58890052 41431452 0 0 0 0 9114524 8888076 1128068 1040477 177079088 174124965 10112785 12176637 0 0 3911531 9805769 76007997 75319796 0 0 0 0 2184881 2421998 0 0 3175251 3175251 95392445 102899451 X 67757648 53516919 6596520 0 7332475 17708595 81686643 71225514 177079088 174124965 -10954193 493064 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 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 65165311 79965 -590500 0 2908320 0 61746456 0.6471 0.3529 0 1 0 0 0 0 0 71596750 13884103 57712647 0 8963091 1641157 7321934 0 13279676 8433565 4846111 0 37230082 10687775 26542307 96422999 0 FEDERAL STUDENT LOAN OBLIGATIONS 3175251 3175251 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 IS TAX-EXEMPT UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE (CODE) AS AN ORGANIZATION DESCRIBED IN CODE SECTION 501(C)(3) AND, GENERALLY, IS NOT SUBJECT TO FEDERAL OR STATE INCOME TAXES. THE UNIVERSITY IS, HOWEVER, SUBJECT TO FEDERAL AND STATE INCOME TAX ON UNRELATED BUSINESS INCOME, AND APPROPRIATE PROVISION FOR ANY SUCH TAXES IS INCLUDED IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. THE TAXABLE SUBSIDIARY, OI CONSULTANTS, OF THE UNIVERSITY UTILIZES THE ASSET AND LIABILITY METHOD OF ACCOUNTING FOR INCOME TAXES. UNDER THIS METHOD, DEFERRED INCOME TAX ASSETS AND LIABILITIES ARE DETERMINED BASED ON DIFFERENCES BETWEEN THE FINANCIAL REPORTING AND TAX BASIS OF ASSETS AND LIABILITIES, AND ARE MEASURED USING THE CURRENTLY ENACTED TAX RATES AND LAWS. DURING THE YEARS ENDED JUNE 30, 2019 AND 2018, NO DEFERRED TAX ASSETS OR LIABILITIES WERE RECORDED ON THE CONSOLIDATED FINANCIAL STATEMENTS. 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. 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 0.3%, ASIAN/NATIVE HAWAIIAN/PACIFIC ISLANDER 13.6%, BLACK OR AFRICAN AMERICA 5.6%, HISPANIC/LATINO 15.0%, WHITE 20.9%, NON-RESIDENT ALIEN 10.3, AND TWO OR MORE RACES/OTHER/UNKNOWN 34.3%. THE UNIVERSITY COMPLIED WITH ALL ASPECTS OF REV. PROC. 75-50, SECTIONS 4.01 THROUGH 4.05. East Asia and the Pacific 0 3 Program Services RECRUITMENT 189032 Europe (including Iceland and Greenland) 0 3 Program Services RECRUITMENT 178755 East Asia and the Pacific 0 0 Program Services STUDY ABROAD 33557 East Asia and the Pacific 0 0 Program Services CONSULTING 69137 South Asia 0 0 Program Services CONSULTING 29060 Europe (including Iceland and Greenland) 0 0 Program Services RESEARCH 4809 East Asia and the Pacific 0 0 Program Services RESEARCH 2500 North America (including Canada and Mexico, but not the United States) 0 0 Speaking at Seminars or Conferences FACULTY DEVELOPMENT 4614 Europe (including Iceland and Greenland) 0 0 Speaking at Seminars or Conferences FACULTY DEVELOPMENT 15958 East Asia and the Pacific 0 0 Speaking at Seminars or Conferences FACULTY DEVELOPMENT 21483 South America 0 0 Speaking at Seminars or Conferences FACULTY DEVELOPMENT 3325 0 6 552230 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. TRUSTEE DINNER 132917 111117 21800 0 0 3437 50296 18845 28710 0 0 132917 111117 21800 0 0 3437 50296 18845 28710 101288 -79488 1 FINANCIAL AID & SCHOLARSHIPS 2145 27911909 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 0 1 X X X X X X 1 0 0 0 0 0 0 0 0 JOHN GOTANDA TRUSTEE, PRESIDENT 419597 0 44000 0 87373 0 16200 0 37614 0 604784 0 0 0 BRUCE EDWARDS SVP & CFO (UNTIL 1/3/19) 287808 0 0 0 6270 0 16200 0 18755 0 329033 0 0 0 JAN BOIVIN SVP, GENERAL COUNSEL, SECRETARY 282452 0 0 0 6270 0 16200 0 6074 0 310996 0 0 0 DAVID KOSTECKI SVP & CFO 16042 0 0 0 500 0 0 0 60 0 16602 0 0 0 WILLIAM RHEY DEAN, COLLEGE OF BUSINESS 186439 0 0 0 17097 0 11050 0 12794 0 227380 0 0 0 SHAUN MOSS EXECUTIVE DIRECTOR - OI 193377 0 0 0 6774 0 12000 0 26284 0 238435 0 0 0 JAYNE SMITTEN ASSOC DEAN, COLL. OF HEALTH & SOCIETY 157104 0 0 0 10736 0 9600 0 7323 0 184763 0 0 0 ALLISON GOUGH DEAN, LIBERAL ARTS 166654 0 0 0 414 0 10200 0 9048 0 186316 0 0 0 BRENDA JENSEN DEAN, CNCS 166480 0 0 0 270 0 10076 0 4231 0 181057 0 0 0 MANISH SEHGAL DEAN, COLLEGE OF PROF. STUDIES 146225 0 0 0 4870 0 9876 0 19562 0 180533 0 0 0 GREGORY GRAUMAN VP, ENROLLMENT MANAGEMENT 200345 0 0 0 6180 0 13190 0 26051 0 245766 0 0 0 CODY DOWN ASSOC VP & CIO 194764 0 0 0 270 0 12000 0 11460 0 218494 0 0 0 SAMUEL MOKU VP, UNIVERSITY RELATIONS 186341 0 0 0 414 0 12600 0 29969 0 229324 0 0 0 ERIKA STRAWN ASSOCIATE GENERAL COUNSEL 159400 0 0 0 90 0 9600 0 2496 0 171586 0 0 0 BROOKE CARROLL ASSOC VP, CHIEF DEVELOPMENT OFFICER 149230 0 0 0 1230 0 2400 0 23842 0 176702 0 0 0 MATTHEW LIAO-TROTH FORMER SVP & PROVOST 112180 0 0 0 137048 0 4500 0 973 0 254701 0 0 0 Schedule J, Part I, Line 1a HPU PRESIDENT JOHN GOTANDA RECEIVED A FULLY TAXABLE HOUSING ALLOWANCE OF $76,050. HPU ALSO PAYS FOR PRESIDENT GOTANDA'S SOCIAL CLUB DUES. BECAUSE THE SOCIAL CLUB BENEFITS ARE USED PRIMARILY FOR BUSINESS PURPOSES, THE DUES ARE NOT INCLUDED IN PRESIDENT GOTANDA'S REPORTABLE COMPENSATION. Schedule J, Part I, Line 1b THERE WAS NO WRITTEN POLICY REGARDING PAYMENT OF SOCIAL CLUB MEMBERSHIP DUES. THE CFO APPROVES THE SOCIAL CLUB DUES EACH MONTH, AND THE PRESIDENT REIMBURSES HPU FOR ANY PERSONAL EXPENSES INCURRED. 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. Schedule J, Part I, Line 4 FORMER SVP & PROVOST MATTHEW LIAO-TROTH RECEIVED A ONE-TIME SEVERANCE PAYMENT OF $125,000 IN 2018. 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 700000 0 42756660 3868161 1804485 0 0 0 0 37084014 0 0 2015 0 0 1 1 B 0 0 33915000 2608091 0 0 339012 0 0 0 31071138 51 1 0 1 1 A 0 1 1 1 0 0.031 0.013 0.044 0 0 1 B 0 1 1 1 0 0.029 0.013 0.042 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 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 TYLER MOSS SON OF KEY EMPLOYEE 27331 EMPLOYEE COMPENSATION 0 SUBSTANTIAL CONTRIBUTOR SUBSTANTIAL CONTRIBUTOR 160419 OFFICE CLEANING SERVICES 0 SUBSTANTIAL CONTRIBUTOR SUBSTANTIAL CONTRIBUTOR 248071 COMMUNICATIONS CONSULTING 0 SUBSTANTIAL CONTRIBUTOR SUBSTANTIAL CONTRIBUTOR 2111219 HEALTH INSURANCE 0 SUBSTANTIAL CONTRIBUTOR SUBSTANTIAL CONTRIBUTOR 1242811 ARCHITECTURAL DESIGN 0 SUBSTANTIAL CONTRIBUTOR SUBSTANTIAL CONTRIBUTOR 3754805 CONSTRUCTION CONTRACTOR 0 X 97 FMV X 4 84964 FMV X VARIOUS GIFT CARDS 8 971 FMV X FITNESS EQUIPMENT 1 787 FMV X SHELLS, CORALS, AND CRUSTACEANS 1 750 FMV 0 0 1 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 CORPORATION AND DELEGATE TO OTHER COMMITTEES SUCH OF ITS POWERS AND DUTIES AS IT DEEMS APPROPRIATE. 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 DID NOT EXERCISE 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 WORK-PAPERS 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. THIS PROCESS WAS LAST COMPLETED ON AUGUST 13, 2019. 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. 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