2022-05-16T02:27:34-05:00 2021-07-31 421539623 KMH LLP 1003 BISHOP STREET SUITE 2400 HONOLULU HI 96813 990 2020-08-01 990073514 MID-PACIFIC INSTITUTE MID- 8089735000 2445 KAALA STREET HONOLULU HI 96822 LESLEY KANESHIRO CHIEF OPERATING OFFICER 8089735000 2022-05-15 1 LESLEY KANESHIRO 999009999 DEANNA C AWA P00647777 8085262255 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z LESLEY KANESHIRO 2445 KAALA STREET HONOLULU HI 96822 51737269 0 X WWW.MIDPAC.EDU X 1908 HI TO PREPARE THE STUDENTS FOR HIGHER EDUCATION AND LIFE IN A CONSTANTLY CHANGING WORLD. 21 21 471 50 0 0 2441668 2392081 42039376 41024782 -365520 1560963 299912 75771 44415436 45053597 6973283 7785528 0 0 26944926 26817549 20314 113378 1234711 10633412 8653575 44571935 43370030 -156499 1683567 97081468 101803937 33213215 34044524 63868253 67759413 X MID-PACIFIC INSTITUTE, A PRESCHOOL THROUGH HIGH SCHOOL, COLLEGE-PREPARATORY COMMUNITY FOUNDED ON CHRISTIAN VALUES, NURTURES AND CHALLENGES STUDENTS TO DEVELOP INTELLECTUAL, EMOTIONAL, ARTISTIC, SPIRITUAL AND PHYSICAL STRENGTHS TO BECOME COMPASSIONATE AND RESPONSIBLE LIFELONG LEARNERS AND GLOBAL CITIZENS. 0 0 34280315 7785528 41024782 MID-PACIFIC, ONE OF HAWAII'S MOST DYNAMIC AND FORWARD-THINKING EDUCATIONAL INSTITUTIONS, CONTINUES TO SET THE BAR AS A RIGOROUS, COEDUCATIONAL, COLLEGE PREPARATORY DAY SCHOOL FOR PRESCHOOL, KINDERGARTEN AND GRADES 1-12. CONSISTENTLY, MID-PACIFIC IS RECOGNIZED AS AN INNOVATOR OF EDUCATIONAL, TECHNOLOGICAL AND ARTISTIC PROGRAMS THAT DEVELOP ENLIGHTENED LEARNERS AND LEADERS. IT, TOO, IS COMMITTED TO PROVIDING A LEARNING ENVIRONMENT WHERE STUDENTS REACH THEIR FULL POTENTIAL ACADEMICALLY, ARTISTICALLY, SOCIALLY, PHYSICALLY AND SPIRITUALLY. MID-PACIFIC IS HOME TO 1,430 STUDENTS, 4% OF WHICH ARE FROM FOREIGN COUNTRIES, AND THIS INTERNATIONALISM PROMOTES AN UNDERSTANDING AND RESPECT FOR DIVERSITY THAT IS ESSENTIAL IN THE GLOBAL COMMUNITY. MID-PACIFIC INSTITUTE WAS THE FIRST SCHOOL IN HAWAII TO OFFER AN ACCREDITED, PRE-PROFESSIONAL ARTS TRAINING PROGRAM AS A COMPLEMENT TO ITS COLLEGE-PREPARATORY CURRICULUM, AS WELL AS THE FIRST SCHOOL IN THE STATE TO OFFER THE INTERNATIONAL BACCALAUREATE DIPLOMA PROGRAM. 34280315 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 112 0 1 471 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 21 21 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X MID-PACIFIC INSTITUTE 8089735000 2445 KAALA STREET HONOLULU HI 96822 SUSANNE MILLARD TRUSTEE 0.80 X 0 0 0 DENIS ISONO CHAIR 1.50 X 0 0 0 NORMAN CHONG TREASURER 0.80 X 0 0 0 PETER STARN SECRETARY 0.80 X 0 0 0 CHRISTOPHER DODS TRUSTEE 0.50 X 0 0 0 KARL H FUJII TRUSTEE 0.50 X 0 0 0 DR GARRETT T HAYASHI TRUSTEE 0.50 X 0 0 0 PETER HIRSCHMANN TRUSTEE 0.50 X 0 0 0 PETER INGRAM TRUSTEE 0.80 X 0 0 0 ROBERTA KAMEDA TRUSTEE 0.50 X 0 0 0 GREGORY LEONG VICE CHAIR 0.80 X 0 0 0 KEITH OGATA TRUSTEE 0.80 X 0 0 0 G MARCUS POLIVKA TRUSTEE 0.50 X 0 0 0 YOSHIHIRO SASAKAWA TRUSTEE 0.50 X 0 0 0 RAYMOND VARA JR TRUSTEE 0.50 X 0 0 0 MICHAEL WOOD TRUSTEE 0.50 X 0 0 0 RONALD YARA TRUSTEE 0.50 X 0 0 0 SCOTT YOSHIHARA TRUSTEE 0.80 X 0 0 0 JOE RICE HONORARY TRUSTEE 0.00 X 0 0 0 EMILY FUJII HONORARY TRUSTEE 0.00 X 0 0 0 SANDRA HARTLEY HONORARY TRUSTEE 0.00 X 0 0 0 BERT KOBAYASHI HONORARY TRUSTEE 0.00 X 0 0 0 FRANK WATASE HONORARY TRUSTEE 0.00 X 0 0 0 PATRICK JONES TRUSTEE 0.50 X 0 0 0 PATRICK KOBAYASHI TRUSTEE 0.80 X 0 0 0 HOWARD LEE TRUSTEE 0.50 X 0 0 0 JAMES KOMETANI HONORARY TRUSTEE 0.00 X 0 0 0 DR PAUL TURNBULL PRESIDENT 40.00 X 340753 0 82920 PATRICK GARVEY VP FOR OPERATIONS AND CHIE 40.00 X 235304 0 43851 GARY CORDOVA VP FOR INSTITUITIONAL ADVA 40.00 X 101785 0 22495 LEIGH FITZGERALD VP OF ACADEMIC AFFAIRS 40.00 X 233944 0 47249 SHANNON CLEARY VP OF INSTITUTIONAL ADVANCEMENT 40.00 X 73045 0 4442 LESLEY KANESHIRO CHIEF OPERATING OFFICER 40.00 X 48662 0 4430 EDNA HUSSEY ELEMENTARY SCHOOL PRINCIPA 40.00 X 201579 0 20798 DR DWAYNE PRIESTER MIDDLE SCHOOL PRINCIPAL 40.00 X 188505 0 41256 LORRAINE MATSUZAKI CONTROLLER 40.00 X 126794 0 92176 SCOTT WAGNER ATHLETIC DIRECTOR 40.00 X 122781 0 63738 RYAN TERAYAMA DIRECTOR OF FACILITIES & M 40.00 X 121897 0 55812 MARK HINES TEACHER/PROGRAM HEAD 37.50 X 123130 0 52644 CHRISTI-ANNE KUDO CHOCK SAFETY & COMPLIANCE OFFICER 40.00 X 135395 0 52144 2053574 0 583955 24 0 1 0 TRANE US INC PO BOX 98167 CHICAGO IL 60693 CONSTRUCTION 209673 KELLY SERVICES INC PO BOX 31001-0422 PASADENA CA 911100422 SUBSTITUTE TEACHERS 183235 EDWARD ENTERPRISES INC PO BOX 30468 HONOLULU HI 96820 PRINTING & MAILING SERVICES 169994 PROMETHEUS CONSTRUCTION INC 4990 ANITA LANE SANTA BARBARA CA 93111 CONSTRUCTION & REPAIR 160865 HAWAII CENTER FOR CHILDREN AND FAMILIES 550 KUNEHI STREET SUITE 205 KAPOLEI HI 96707 BEHARVIORAL, PSYCH & COUNSELING 140523 7 8985 2383096 89728 2392081 TUITION & FEES 611710 38498744 38498744 AUXILIARY & STUDENT FEES 611710 2343360 2343360 SUNDRY 900099 182678 182678 41024782 354925 354925 171537 286752 -115215 -115215 -115215 7507912 6301874 1206038 1206038 1206038 80620 8985 77328 3292 3292 17260 17718 -458 -458 MISCELLANEOUS 611110 188152 188152 188152 45053597 41024782 0 1636734 7785528 7785528 2075344 910511 857538 307295 18471713 14413366 3584150 474197 1404597 1088210 270604 45783 3320350 2572439 639684 108227 1545545 1197410 297758 50377 82189 22158 60031 67052 67052 113378 113378 48966 48966 617011 270134 328785 18092 30673 30673 382839 102962 243798 36079 345883 262144 79473 4266 1089 1089 1399190 1357634 41556 3576 1702 1874 64576 37094 27087 395 235098 21949 213149 2982247 2959809 22438 368616 293257 75359 OUTSIDE SERVICES 755318 216065 529229 10024 MEALS & ENTERTAINMENT 84565 25157 29842 29566 PROGRAM/BUSINESS FEES 64086 56221 7865 0 SUBSTITUTE/TEMPORARY LA 5392 5392 1115209 649411 430640 35158 43370030 34280315 7855004 1234711 X 2787112 2858268 22542535 26062692 703472 588373 1079319 281082 38111 39361 1869423 1853534 92812924 46262344 48192538 46550580 17559786 21272060 2309172 2297987 97081468 101803937 3351637 3323195 12130456 13771254 10447241 10327703 148841 122582 5011100 5011100 2123940 1488690 33213215 34044524 X 51501190 53345870 12367063 14413543 63868253 67759413 97081468 101803937 X 1683567 2216499 -8906 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 16379717 685969 3679264 448888 20296062 15626281 555062 256098 57724 16379717 14392066 1373252 219444 358481 15626281 13064537 807953 852690 333114 14392066 10441892 1479778 1199068 56201 13064537 0.35000 0.50000 0.15000 0 0 9414457 9414457 66518401 33522044 32996357 13185039 10925348 2259691 3695027 1814952 1880075 46550580 CASH AND MONEY MARKET 2167168 F COMMON STOCKS 14830181 F MUTUAL FUNDS 2749119 F FIXED INCOME SECURITIES 1525592 F 21272060 DEPOSITS HELD FOR OTHERS 690524 CAPITAL LEASE OBLIGATIONS 744739 OPERATING LEASE OBLIGATIONS 53427 1488690 X 42285280 2216499 -26204 2190295 40094985 4958612 4958612 45053597 38394120 304470 304470 38089650 5280380 5280380 43370030 PART V, LINE 4: A PORTION OF THE ENDOWMENT FUNDS ARE FOR STUDENT SCHOLARSHIPS AND AWARDS. A PORTION IS AT THE DISCRETION OF ADMINISTRATION AND/OR THE BOARD FOR GENERAL OPERATIONS OR OTHER PURPOSES. PART X, LINE 2: IN EVALUATING A TAX POSITION FOR RECOGNITION, THE SCHOOL JUDGMENTALLY EVALUATE WHETHER IT IS MORE-LIKELY-THAN-NOT THAT A TAX POSITION WILL BE SUSTAINED UPON EXAMINATION, INCLUDING RESOLUTION OF RELATED APPEALS OR LITIGATION PROCESSES, BASED ON THE TECHNICAL MERITS OF THE POSITION. IF THE TAX POSITION MEETS THE MORE-LIKELY-THAN-NOT RECOGNITION THRESHOLD, THE TAX POSITION IS MEASURED AND RECOGNIZED IN THE FINANCIAL STATEMENTS AS THE LARGEST AMOUNT OF TAX BENEFIT THAT, IN MANAGEMENT'S JUDGMENT, IS GREATER THAN 50% LIKELY OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE SCHOOL FILES INFORMATIONAL RETURNS IN THE UNITED STATES (U.S.) FEDERAL AND STATE OF HAWAII JURISDICTIONS. THERE ARE NO SIGNIFICANT TAX LIABILITIES FOR INCOME TAX ASSOCIATED WITH UNRECOGNIZED TAX BENEFITS AS OF JULY 31, 2021 AND 2020. IT IS THE SCHOOL'S POLICY TO RECOGNIZE INTEREST ACCRUED AND PENALTIES RELATED TO UNDERPAYMENT OF INCOME TAXES IN ADMINISTRATIVE EXPENSE. PART XI, LINE 2D - OTHER ADJUSTMENTS: BANK FEES INCL IN SCHOOL ENDOW GAIN/LOSS-OTHER INCOME -26,804. BAD DEBT EXP INCL IN SCHOOL ENDOW-OTHER INCOME 600. PART XI, LINE 4B - OTHER ADJUSTMENTS: INTEREST EXPENSE ANNUITY 8,906. BOOKSTORE COGS -17,718. RENTAL EXPENSE -286,752. FINANCIAL AID GRANTS & AWARDS 5,254,176. PART XII, LINE 2D - OTHER ADJUSTMENTS: BOOKSTORE COGS 17,718. RENTAL EXPENSE 286,752. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID GRANTS & AWARDS 5,254,176. BANK FEES INCL IN SCHOOL ENDOW GAIN/LOSS-OTHER INCOME 26,804. BAD DEBT EXP INCL IN SCHOOL ENDOW-OTHER INCOME -600. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 THE POLICY ON NONDISCRIMINATORY PRACTICES IS STATED IN THE OFFICIAL SCHOOL INFORMATION BROCHURE AND ALL ADVERTISEMENTS RUN FOR NEW APPLICANTS. X X X X X X 0 MPIAA SIDE STREET FUNDRAISER 89605 8985 80620 77328 89605 8985 80620 77328 77328 3292 1 GRANTS 13 156700 AWARDS 509 5097476 TUITION WAIVERS 103 2504680 OTHER AWARDS (GRADUATION) 16 26672 PART I, LINE 2: GRANTS ARE PRIMARILY TO STUDENTS FOR FINANCIAL AID. THE FINANCIAL AID IS APPLIED AGAINST THE STUDENTS' ACCOUNTS. X X 1 1 X X X X 0 1 0 0 0 0 0 0 0 DR PAUL TURNBULL PRESIDENT 339853 0 0 0 900 0 28500 0 44069 0 413322 0 0 0 LEIGH FITZGERALD VP OF ACADEMIC AFFAIRS 196819 0 0 0 37125 0 0 0 41512 0 275456 0 0 0 PATRICK GARVEY VP FOR OPERATIONS AND CHIE 219068 0 0 0 16236 0 22747 0 13707 0 271758 0 0 0 DR DWAYNE PRIESTER MIDDLE SCHOOL PRINCIPAL 175380 0 0 0 13125 0 18540 0 13822 0 220867 0 0 0 EDNA HUSSEY ELEMENTARY SCHOOL PRINCIPA 174159 0 0 0 27420 0 3720 0 14184 0 219483 0 0 0 LORRAINE MATSUZAKI CONTROLLER 126569 0 0 0 225 0 13601 0 70244 0 210639 0 0 0 CHRISTI-ANNE KUDO CHOCK SAFETY & COMPLIANCE OFFICER 127670 0 0 0 7725 0 0 0 44158 0 179553 0 0 0 SCOTT WAGNER ATHLETIC DIRECTOR 113256 0 0 0 9525 0 12153 0 44209 0 179143 0 0 0 RYAN TERAYAMA DIRECTOR OF FACILITIES & M 120997 0 0 0 900 0 12498 0 40445 0 174840 0 0 0 MARK HINES TEACHER/PROGRAM HEAD 122830 0 0 0 300 0 13234 0 31017 0 167381 0 0 0 PART I, LINE 1A HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE: THE PRESIDENT IS REQUIRED TO LIVE ON CAMPUS AS HE WOULD BE ONE OF THE FIRST TO RESPOND TO EMERGENCY SITUATIONS. ADDITIONALLY THE PRESIDENT SERVES AS THE HOST FOR SCHOOL MEETINGS AND ACTIVITIES AT THE RESIDENCE. HEALTH OR SOCIAL CLUB DUES OR INITIATION FEES: THE MEMBERSHIPS AT THREE SOCIAL CLUBS ARE TO PROVIDE VENUES FOR MEETINGS AND FUNCTIONS FOR SCHOOL RELATED GROUPS. PART I, LINE 4B DR. PAUL TURNBULL, PRESIDENT - $46,596 A DEPT OF BUDGET & FINANCE OF THE STATE OF HAWAII 990266961 419800MN4 2020-03-02 10851705 SEE PART VI 0 0 0 A 10851705 973559 340295 9614805 2008 1 0 1 1 A 0 0 0 0 0 0 0 A 0 1 0 0 0 0 0 0 0 A 0 SCHEDULE K PART I TAX EXEMPT BOND PURPOSE THE BORROWER USED THE PROCEEDS OF THE BONDS TO REFUND PRIOR BONDS THAT WERE ISSUED ON 03/22/2006. THE REFUNDED BONDS WERE USED TO FINANCE (I) CONSTRUCTION AND FURNISHING OF ITS NEW ELEMENTARY SCHOOL; (II) CONSTRUCTION OF ITS MATH, SCIENCE, AND TECHNOLOGY COMPLEX; (III) EXPANSION OF AN AIR CONDITIONING PLANT (IV) REPAIRS AND IMPROVEMENTS TO EXISTING BUILDINGS AND INFRASTRUCTURE IN AND SURROUNDING THE QUADRANGLE AREA OF THE SCHOOL CAMPUS. PROCEEDS OF THE BONDS WILL ALSO BE USED TO PAY THE COSTS OF ISSUING THE BONDS, INCLUDING THE PREMIUM FOR THE BOND INSURANCE POLICY. LESLIE TURNBULL FAMILY MEMBER OF OFFICER 333 MEMBERSHIP DUES CULTIVATING DONOR RELATIONS AND/OR COMMUNITY RELATIONS X 6 89728 FMV AT DATE OF DONATION 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B BOARD MEMBERS ARE PROVIDED A COPY OF THE TAX RETURN FOR THEIR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C TRANSACTIONS WITH MID-PACIFIC INSTITUTE BY OFFICERS, DIRECTORS, TRUSTEES AND KEY EMPLOYEES, WHERE THERE IS A FINANCIAL INTEREST THAT MAY BE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST ARE DISCLOSED ANNUALLY AND WHEN THE TRANSACTIONS OR ARRANGEMENTS ARE PROPOSED. ALL MATERIAL FACTS OF THE TRANSACTIONS ARE GIVEN TO THE BOARD COMMITTEES DELEGATED OVERSIGHT POWERS TO CONSIDER THE PROPOSED TRANSACTION OR ARRANGEMENT. THE COMMITTEE WILL DETERMINE WHETHER THE TRANSACTION IS IN MID-PACIFIC INSTITUTE'S BEST INTEREST, AND WHETHER IT IS FAIR AND REASONABLE OR WHETHER A MORE ADVANTAGEOUS ARRANGEMENT, NOT PRODUCING A CONFLICT OF INTEREST IS POSSIBLE. IF THERE IS REASONABLE CAUSE TO BELIEVE AN OFFICER, DIRECTOR, TRUSTEE OR KEY EMPLOYEE HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST THAT PERSON SHALL BE INFORMED OF THE BASIS OF SUCH BELIEF AND SHALL BE AFFORDED AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. AFTER HEARING THE RESPONSE AND AFTER FURTHER INVESTIGATION AS WARRANTED, IF THE OVER SIGHT COMMITTEE DETERMINES THERE HAS BEEN A FAILURE TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST THE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION WILL BE TAKEN. FORM 990, PART VI, SECTION B, LINE 15 AN ANALYSIS IS PREPARED BY THE CFO OF SALARIES OF COMPARABLE SCHOOLS IN HAWAII AND THE WESTERN UNITED STATES FROM INFORMATION OBTAINED FROM THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS AND GUIDE STAR FORMS 990. IF REQUIRED, ADDITIONAL SALARY INFORMATION IS OBTAINED FROM THE HAWAII ASSOCIATION OF INDEPENDENT SCHOOLS. THE ANALYSIS IS GIVEN TO THE BOARD OF TRUSTEES FOR REVIEW TO APPROVE OF ANNUAL SALARY LEVELS FOR APPROPRIATE POSITIONS. THE PRESIDENT'S SALARY IS DETERMINED BY BOARD OF TRUSTEES. FORM 990, PART VI, SECTION C, LINE 19 MID-PACIFIC INSTITUTE MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND/OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART X, LINE 24: THE ORGANIZATION WAS GRANTED A LOAN IN THE AMOUNT OF $5,011,100, UNDER THE PAYCHECK PROTECTION PROGRAM (PPP) ADMINISTERED BY A SMALL BUSINESS ADMINISTRATION (SBA) APPROVED PARTNER. THE PROMISSORY NOTE MATURES TWO YEARS FROM THE DATE OF THE FIRST DISBURSEMENT OF THE LOAN AND BEAR INTEREST AT A RATE OF 1.00% PER ANNUM. THE LOAN AND ACCRUED INTEREST MAY BE FORGIVEN AS LONG AS THE ORGANIZATION USES THE LOAN PROCEEDS FOR ELIGIBLE PURPOSES, INCLUDING PAYROLL COSTS, DURING THE 24 WEEK PERIOD BEGINNING ON THE DATE OF FIRST DISBURSEMENT OF THE LOAN. THE ORGANIZATION HAS USED THE LOAN PROCEEDS FOR PURPOSES CONSISTENT WITH THE PPP AND BELIEVES THAT THEY HAVE MET THE CONDITIONS FOR FORGIVENESS OF THE LOAN. THE LOAN PROCEEDS ARE RECORDED AS A LOAN PAYABLE ON ITS BALANCE SHEET. SUBSEQUENT TO YEAR END, ON AUGUST 20, 2021, THE ORGANIZATION WAS NOTIFIED BY THE SBA THAT THE LOAN WAS FORGIVEN IN FULL. FORM 990, PART XI, LINE 9: INTEREST EXPENSE ANNUITY INCLUDED ON FINANCIAL STATEMENTS, BUT NOT ON 990 -8,906.