2024-03-12T14:31:42-05:00 2023-05-31 261659234 CW ASSOCIATES CPAS 700 BISHOP STREET SUITE 1040 HONOLULU HI 96813 990 2022-06-01 990078306 HAWAII PREPARATORY ACADEMY HAWA 8088857321 65-1692 KOHALA MOUNTAIN ROAD KAMUELA HI 967438476 S FRED WAWNER HEAD OF SCHOOL 8088857321 2024-03-12 1 S FRED WAWNER 999009999 0 RODNEY M HARANO P00389596 8085311040 2024-03-12 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z S FRED WAWNER 65-1692 KOHALA MOUNTAIN ROAD KAMUELA HI 967438476 37788983 0 X WWW.HPA.EDU X 1957 HI EDUCATION 12 12 298 123 478450 0 2009078 2584733 23006552 23846428 3100219 1660068 485742 463252 28601591 28554481 3109108 3173300 0 0 16676912 17461771 0 0 698554 9047185 8900733 28833205 29535804 -231614 -981323 147131736 144299572 11550117 12636856 135581619 131662716 TO PROVIDE EXCEPTIONAL LEARNING OPPORTUNITIES IN A DIVERSE COMMUNITY HONORING THE TRADITIONS OF HAWAII. SEE SCHEDULE O. 0 0 24113472 3173300 23873447 K-12 EDUCATIONAL PROGRAM - PROVIDES EDUCATION FOR APPROXIMATELY 600 STUDENTS FROM KINDERGARTEN TO GRADE 12 24113472 1 1 0 0 0 1 0 1 0 1 1 0 0 1 0 1 1 0 1 0 0 0 0 0 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 50 0 298 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 12 12 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X VICTORIA YU 8088857321 65-1692 KOHALA MOUNTAIN ROAD KAMUELA HI 967438476 ROBERT BUDWAY PRESIDENT/BOARD MEMBER 2.00 X X 0 0 0 BONNIE WEDEMEYER FIRST VP/BOARD MEMBER 2.00 X X 0 0 0 LAURIE T AINSLIE TREASURER/BOARD MEMBER 2.00 X X 0 0 0 MICHAEL J CHUN BOARD MEMBER 2.00 X 0 0 0 WARREN DOI BOARD MEMBER 2.00 X 0 0 0 ALLISON HOLT GENDREAU BOARD MEMBER 2.00 X 0 0 0 ROB O'DONOHUE BOARD MEMBER 2.00 X 0 0 0 HANS LORANGE 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 MAX UNGER BOARD MEMBER 2.00 X 0 0 0 NONA HASEGAWA FORMER BOARD MEMBER 2.00 X 0 0 0 ANA HIYANE FORMER BOARD MEMBER 2.00 X 0 0 0 S FRED WAWNER SECOND VP & HEAD OF SCHOOL 40.00 X 183919 0 39721 KATHERINE PURDY ASSISTANT SECRETARY 40.00 X 64805 0 15577 CHRISTINE FABIAN ASSISTANT TREASURER 40.00 X 81866 0 5153 MARK A NOETZEL DEAN OF CAMPUS LIFE 40.00 X 138533 0 16015 GLENN W CHICKERING MS PRINCIPAL 40.00 X 112232 0 25412 AMY LEIGH COLE DIRECTOR OF STUDIES 40.00 X 130972 0 15330 JOHN K SPENCER US PRINCIPAL 40.00 X 117294 0 15373 WILLIAM DAVID WIECKING DIRECTOR OF ENERGY 40.00 X 118316 0 39187 947937 0 171768 9 0 1 0 FLIK INDEPENDENT SCHOOL DINING 1887 MAKUAKANE STREET BLDG 52 HONOLULU HI 96817 FOOD SERVICE 2412651 BASIS DIAGNOSTICS 39655 EUREKA DR NEWARK CA 94560 CLINICAL TESTING - COVID TESTINGS 308062 ALLIED UNIVERSAL SECURITY SERVICES PO BOX 31001-2374 PASADENA CA 91110 SECURITY SERVICES 282444 L ARAFILES BUILDERS LLC 65-1409 KAWAIHAE ROAD KAMUELA HI 96743 BUILDING & GROUNDS IMPROVEMENT 171705 CADES SCHUTTE LLP PO BOX 939 HONOLULU HI 96808 LEGAL SERVICES 145779 6 181580 2403153 71907 2584733 TUITION AND FEES 611710 22876171 22876171 SPECIAL EVENTS 611710 970257 970257 23846428 2079368 2079368 8635256 300 9054856 0 -419600 300 -419300 -419300 68020 181580 110237 -42217 -42217 95930 69409 26521 26521 ISAACS ART GALLERY 900099 478450 478450 OTHER INCOME 900099 498 498 478948 28554481 23873447 478450 1617851 3173300 3173300 435693 130708 261416 43569 11444740 9175421 1766648 502671 1000039 780436 203690 15913 3604742 3176086 409074 19582 976557 779012 183654 13891 120707 120707 45671 45671 151403 151403 381924 363392 18532 123545 2132 120881 532 1556145 798042 712487 45616 439 439 1712397 1612608 87875 11914 132473 118874 6469 7130 106908 104142 2766 135381 135381 1554330 1476614 77716 FOOD SERVICES 1739754 1723780 9333 6641 STUDENT ACTIVITIES 461047 461047 ART CENTER OPERATIONS 319318 316125 3193 BAD DEBT 77144 77144 282147 25895 227923 28329 29535804 24113472 4723778 698554 547402 1630886 930475 1954031 295000 1240950 115935 107682 2361199 2465283 379991 346781 79394727 29724100 50541570 49670627 27187512 25237608 64772652 61645724 147131736 144299572 3262420 2673247 2405837 5033858 3531860 3049751 2350000 1880000 11550117 12636856 X 49718867 48537379 85862752 83125337 135581619 131662716 147131736 144299572 X -981323 189348 -3126928 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 646382 0 0 1840235 X X X X FUNDRAISING 1 28491789 1157234 -79209 1192066 28378756 29022885 1087700 -551929 1066867 28491789 23902962 36043 6123955 1040075 29022885 23797981 135984 1122828 1153831 23902962 26398306 18238 82951 2701514 23797981 0.40000 0.41000 0.19000 1 0 6312078 6312078 55267087 15559179 39707908 1013627 796368 217259 16801935 13368553 3433382 49670627 DONATED ARTWORK HELD FOR INVESTMENT 2426797 BENEFICIAL INTEREST IN PARKER RANCH FOUNDATION 37604490 BENEFICIAL INTEREST IN TRUSTS HELD BY OTHERS 20863367 DONATED REAL ESTATE HELD FOR INVESTMENT 751070 61645724 X 25208959 189348 -6300228 -6110880 31319839 151403 -2916761 -2765358 28554481 26390747 179646 179646 26211101 151403 3173300 3324703 29535804 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 80 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 WITH DONOR RESTRICTIONS 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: U.S. GAAP REQUIRES 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, 2023 AND 2022 AND FOR THE YEARS THEN ENDED AND DETERMINED THAT THE ACADEMY HAD NO UNCERTAIN TAX POSITIONS REQUIRED TO BE REPORTED IN ACCORDANCE WITH U.S. GAAP. 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: STUDENT AID & TUITION REMISSION (NETTED AGAINST REVENUE PER AUDIT REPORT) -3,173,300. CHANGES IN BENEFICIAL INTERESTS IN TRUSTS -3,126,928. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF SALES - INVENTORY (NETTED AGAINST REVENUE PER TAX RETURN) -69,409. INCREASE (DECREASE) IN NET ASSETS WITH DONOR RESTRICTIONS -2,737,415. GAIN (LOSS) ON DISPOSAL OF FIXED ASSETS 300. DIRECT FUNDRAISING EXPENSES -110,237. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES - INVENTORY (NETTED AGAINST REVENUE PER TAX RETURN) 69,409. DIRECT FUNDRAISING EXPENSES 110,237. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID & TUITION REMISSION (NETTED AGAINST REVENUE PER AUDIT REPORT) 3,173,300. 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. ALU MAI 249600 181580 68020 2125 53643 30594 15968 7907 249600 181580 68020 2125 53643 30594 15968 7907 110237 -42217 1 STUDENT TUITION FINANCIAL AID 283 3173300 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 X 1 1 X X X X 0 0 0 0 0 0 0 0 0 S FRED WAWNER SECOND VP & HEAD OF SCHOOL 183919 0 0 0 0 0 15377 0 24344 0 223640 0 0 0 WILLIAM DAVID WIECKING DIRECTOR OF ENERGY 118316 0 0 0 0 0 14891 0 24296 0 157503 0 0 0 MARK A NOETZEL DEAN OF CAMPUS LIFE 138533 0 0 0 0 0 15426 0 589 0 154548 0 0 0 PART I, LINE 1A THE HEAD OF SCHOOL RESIDES ON CAMPUS AS A CONDITION OF EMPLOYMENT. IN ADDITION, MEMBERSHIP DUES AT A SOCIAL CLUB ARE PAID BY THE SCHOOL. X 11 50073 FAIR MARKET VALUE X PROGRAM/AUCTION ITEMS 4 21834 FAIR MARKET VALUE 2 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. THIS PROCESS WAS LAST UNDERTAKEN IN 2022. 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 -3,126,928. 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. 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 644139 CASH