2020-07-15T19:16:47-05:00 2019-07-31 421539623 KMH LLP 1003 BISHOP STREET SUITE 2400 HONOLULU HI 96813 990 2018-08-01 990073514 MID-PACIFIC INSTITUTE MID- 8089735000 2445 KAALA STREET HONOLULU HI 96822 PATRICK GARVEY CHIEF FINANCIAL OFFICER 8089735000 2020-07-15 1 DEANNA C AWA P00647777 8085262255 64.128.4.162 2020-07-15 14:16:39 HS P 7ECE3876831F137A68BA466C0705FF7896C1DC7C 1ED7DE64C3541AA0D8CC2DE6BD0B8F34F4774A76 2018 2020-09-22 18:59:49Z PATRICK GARVEY 2445 KAALA STREET HONOLULU HI 96822 50112450 0 X WWW.MIDPAC.EDU X 1908 HI TO PREPARE THE STUDENTS FOR HIGHER EDUCATION AND LIFE IN A CONSTANTLY CHANGING WORLD. 21 21 515 1200 0 0 2325412 2519984 40132614 41286582 624472 948366 808426 685628 43890924 45440560 6197908 6779245 0 0 25093842 25793670 6754 24281 1537120 10099259 10495469 41397763 43092665 2493161 2347895 88454151 93547803 29104084 30403450 59350067 63144353 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 33504033 6779245 41286582 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 1,500 STUDENTS, 7% 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. 33504033 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 X 139 0 1 515 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 CHAIR 1.50 X 0 0 0 DENNIS ISONO VICE CHAIR 0.80 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 DAVID B ERDMAN 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 JAMES KOMETANI TRUSTEE 0.80 X 0 0 0 GREGORY LEONG TRUSTEE 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 0.50 X 0 0 0 JOE RICE HONORARY TRUSTEE 0.00 X 0 0 0 C F DAMON JR IN MEMORIAM 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 DONALD KIM IN MEMORIAM 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 DR PAUL TURNBULL PRESIDENT 40.00 X 347161 0 77384 PATRICK GARVEY VP FOR OPERATIONS AND CHIEF FINANCIAL OFFICER 40.00 X 236096 0 42353 SCOTT SIEGFRIED VP FOR EXTERNAL AFFAIRS AND ENROLLMENT MANAGEMENT 40.00 X 159711 0 64529 GARY CORDOVA VP FOR INSTITUITIONAL ADVANCEMENAT 40.00 X 160333 0 38896 EDNA HUSSEY ELEMENTARY SCHOOL PRINCIPAL 40.00 X 191056 0 33531 DR DWAYNE PRIESTER MIDDLE SCHOOL PRINCIPAL 40.00 X 173188 0 31259 THOMAS MCMANUS HIGH SCHOOL PRINCIPAL 40.00 X 134440 0 25468 LORRAINE MATSUZAKI CONTROLLER 40.00 X 119822 0 86002 SCOTT WAGNER ATHLETIC DIRECTOR 40.00 X 117803 0 60091 LINDA MYERS MAJOR GIFTS OFFICER 40.00 X 119960 0 47883 RYAN TERAYAMA DIRECTOR OF FACILITIES & MAINT 40.00 X 114474 0 40239 1874044 0 547635 19 0 1 0 KELLY SERVICES INC PO BOX 31001-0422 PASADENA CA 911100422 SUBSTITUTE TEACHERS 332212 ALAKA'I MECHANICAL CORPORATION 2655 WAIWAI LOOP HONOLULU HI 96819 AIR CONDITIONING MAINTENANCE AND REPAIRS 199528 SPORTSMEDICINE HAWAII LTD 800 S BERETANIA STREET SUITE 100 HONOLULU HI 96813 CONTRACTING ATHLETIC TRAINERS 185500 EDWARD ENTERPRISES INC PO BOX 30468 HONOLULU HI 96820 PRINTING AND MAILING SERVICES, INCLUDING 170860 TRANE US INC PO BOX 98167 CHICAGO IL 60693 AIR CONDITIONING MAINTENANCE AND REPAIRS 143240 7 8800 20691 2490493 387952 2519984 TUITION & FEES 611710 37929649 37929649 AUXILIARY & STUDENT FEES 611710 3148140 3148140 SUNDRY 900099 208793 208793 41286582 653011 653011 268052 201578 66474 66474 66474 4624593 4329238 295355 295355 295355 165765 20691 114662 51103 51103 18020 26412 -8392 -8392 MISCELLANEOUS 611110 576443 576443 576443 45440560 41286582 0 1633994 6779245 6779245 1708362 713039 628576 366747 18256460 13945138 3610984 700338 1350260 1029155 266492 54613 3036009 2314017 599197 122795 1442579 1099520 284712 58347 133989 6258 127731 84541 84541 24281 24281 50700 50700 362530 244752 117778 87518 87518 454952 153155 239856 61941 301108 239341 61752 15 3948 3948 1521639 1514464 7175 249149 163237 63735 22177 226990 205690 19660 1640 557377 4829 552548 2899927 2800825 99102 286286 220478 65808 OUTSIDE SERVICES 912290 354743 516524 41023 SUBSTITUTE/TEMPORARY LA 471440 456863 14577 MEALS & ENTERTAINMENT 307739 144986 119598 43155 PROGRAM/BUSINESS FEES 85716 82754 2962 1497630 940078 517504 40048 43092665 33504033 8051512 1537120 3065910 3094879 14566258 17617946 696355 771218 83496 127443 64827 52076 1571041 1273730 89181941 41123812 49580426 48058129 18825838 20209715 0 2342667 88454151 93547803 2341630 3067700 14026854 15301277 10922382 10545113 262305 122606 1550913 1366754 29104084 30403450 X 49352115 51544557 1473572 2395431 8524380 9204365 59350067 63144353 88454151 93547803 X 2347895 1322918 123473 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 14392066 1373252 219444 358481 15656281 13064537 807953 852690 333114 14392066 10441892 1479778 1199068 56201 13064537 10207876 461470 -62559 164895 10441892 11920079 232392 104048 239643 1809000 10207876 0.33000 0.59000 0.08000 0 0 9414457 9414457 64678584 29660408 35018176 11728371 9840088 1888283 3360529 1623316 1737213 48058129 CASH AND MONEY MARKET 5213024 F COMMON STOCKS 8651552 F MUTUAL FUNDS 5249602 F FIXED INCOME SECURITIES 1095537 F 20209715 DEPOSITS HELD FOR OTHERS 568778 CAPITAL LEASE OBLIGATIONS 692409 OPERATING LEASE OBLIGATIONS 105567 1366754 X 42593912 1322918 -4338911 -3015993 45609905 -169345 -169345 45440560 38799626 227990 227990 38571636 4521029 4521029 43092665 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, 2019 AND 2018. 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 -27,250. BAD DEBT EXP INCL IN SCHOOL ENDOW-OTHER INCOME 403. FINANCIAL AID GRANTS & AWARDS -4,494,185. CHANGE IN REMAINDER VALUE 182,121. PART XI, LINE 4B - OTHER ADJUSTMENTS: INTEREST EXPENSE ANNUITY 26,806. BOOKSTORE COGS -26,412. RENTAL EXPENSE -201,578. GIFTS-IN-KIND 31,839. PART XII, LINE 2D - OTHER ADJUSTMENTS: BOOKSTORE COGS 26,412. RENTAL EXPENSE 201,578. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID GRANTS & AWARDS 4,494,185. BANK FEES INCL IN SCHOOL ENDOW GAIN/LOSS-OTHER INCOME 27,250. ROUNDING -3. BAD DEBT EXP INCL IN SCHOOL ENDOW-OTHER INCOME -403. 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 SCHEDULE E, PART I, LINE 3 THE SCHOOL INADVERTENTLY DID NOT INCLUDE THE NONDISCRIMINATORY POLICY IN THEIR NEWSPAPER ADVERTISEMENTS FOR THE YEAR ENDED JULY 31, 2019. HOWEVER, THEY WILL INCLUDE THE POLICY IN THEIR NEWSPAPER ADVERTISEMENTS BEGINNING IN JUNE 2020. A LINK TO THE NONDISCRIMINATORY POLICY WAS INCLUDED ON THE SCHOOL'S INTERNET HOMEPAGE FOR THE YEAR ENDED JULY 31, 2019. HOWEVER, THE SCHOOL UPDATED THEIR WEBSITE TO MAKE THE POLICY DIRECTLY VISIBLE FROM THEIR HOMEPAGE IN FEBRUARY 2020. THE SCHOOL'S STUDENT BODY IS HIGHLY DIVERSIFIED. OF THE SCHOOL'S CURRENT ENROLLED POPULATION, APPROXIMATELY 79% OF THE STUDENTS IDENITIFIED AS MINORITY OR MULTI-RACIAL ETHNIC BACKGROUNDS. ANOTHER 5.2% IDENTIFIED AS INTERNATIONAL STUDENTS. SCHEDULE E, PART I, LINE 7 THE SCHOOL DID NOT MEET THE REQUIREMENTS OF SECTION 4.02 AS THE NONDISCRIMINATORY POLICY WAS INADVERTENTLY NOT STATED IN THE SCHOOL'S BROCHURES AND CATALOGUES FOR THE YEAR ENDED JULY 31, 2019. THE SCHOOL DID NOT MEET THE REQUIREMENTS OF SECTION 4.03 FOR REASONS STATED IN THE EXPLANATION GIVEN FOR LINE 3 ABOVE. EAST ASIA & THE PACIFIC 0 0 PROGRAM SERVICES SENDING EMPLOYEES TO TEACH TEACHERS ABOUT PROJECT BASED LEARNING 13500 0 0 0 0 0 0 13500 0 13500 0 0 0 0 0 0 X X X X X X 0 MPIAA GOLF TOURNAMENT 115505 3500 112005 600 2975 12744 10337 40517 MPIAA CHICKEN 70951 17191 53760 1360 46129 186456 20691 165765 600 2975 12744 11697 86646 114662 51103 1 GRANTS 17 151227 AWARDS 444 4342958 TUITION WAIVERS 119 2258660 OTHER AWARDS (GRADUATION) 19 26400 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 314729 0 31500 0 932 0 27500 0 41264 0 415925 0 0 0 PATRICK GARVEY VP FOR OPERATIONS AND CHIEF FINANCIA 205528 0 6000 0 24568 0 21968 0 13335 0 271399 0 0 0 SCOTT SIEGFRIED VP FOR EXTERNAL AFFAIRS AND ENROLLME 158811 0 0 0 900 0 16646 0 41152 0 217509 0 0 0 GARY CORDOVA VP FOR INSTITUITIONAL ADVANCEMENAT 159433 0 0 0 900 0 16646 0 16243 0 193222 0 0 0 EDNA HUSSEY ELEMENTARY SCHOOL PRINCIPAL 163488 0 3000 0 24568 0 17071 0 13263 0 221390 0 0 0 DR DWAYNE PRIESTER MIDDLE SCHOOL PRINCIPAL 158288 0 2000 0 12900 0 9600 0 13179 0 195967 0 0 0 THOMAS MCMANUS HIGH SCHOOL PRINCIPAL 126915 0 0 0 7525 0 12691 0 13357 0 160488 0 0 0 LORRAINE MATSUZAKI CONTROLLER 117160 0 2500 0 162 0 13026 0 64648 0 197496 0 0 0 SCOTT WAGNER ATHLETIC DIRECTOR 105971 0 2500 0 9332 0 11666 0 40991 0 170460 0 0 0 LINDA MYERS MAJOR GIFTS OFFICER 119960 0 0 0 0 0 0 0 41318 0 161278 0 0 0 RYAN TERAYAMA DIRECTOR OF FACILITIES & MAINT 113574 0 0 0 900 0 0 0 37316 0 151790 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 - $4,044 A DEPT OF BUDGET & FINANCE OF THE STATE OF HAWAII 990266961 419800GG6 2006-03-22 15085847 SEE PART VI 0 0 0 A 410000 15085847 992809 257245 538127 13326144 2008 0 0 0 0 A 0 0 0 0 0 0 0 A 0 0 0 1 0 0 0 0 0 A 0 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: DEPT OF BUDGET & FINANCE OF THE STATE OF HAWAII DATE THE REBATE COMPUTATION WAS PERFORMED: 03/28/2019 SCHEDULE K, PART IV, ARBITRAGE, LINE 2C SCHEDULE K PART I TAX EXEMPT BOND PURPOSE THE BORROWER USED THE PROCEEDS OF THE BONDS TO REFINANCE DEBT INCURRED OR REIMBURSE FUNDS ADVANCED FOR OR 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 AMBASSADOR - MID-P FAMILY MEMBER OF OFFICER 50400 COMPENSATION FOR EMPLOYMENT - DEVELOPS AND/OR ENHANCES RELATIONSHIPS WITH THOSE THAT ARE CURRENTLY OR MAY POTENTIALLY SUPPORT MID-PACIFIC IN CONJUNCTION WITH EXTERNAL AFFAIRS AND INSTITUTIONAL ADVANCEMENT DEPARTMENTS. 0 X 9 355105 FMV AT DATE OF DONATION X ATHLETIC EQUIPMENT 2 31839 FMV AT DATE OF DONAT 0 1 0 FORM 990, PART V, LINE 3A THE ORGANIZATION DID NOT HAVE UNRELATED BUSINESS GROSS INCOME. HOWEVER, THEY FILED FORM 990-T TO REPORT THE NET OPERATING LOSS CARRYFORWARD. 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 XI, LINE 9: INTEREST EXPENSE ANNUITY INCLUDED ON FINANCIAL STATEMENTS, BUT NOT ON 990 -26,806. ROUNDING -3. CHANGE IN ANNUITY 182,121. GIFTS-IN-KIND -31,839.