2018-05-29T16:08:02-05:00 2017-07-31 421539623 KMH LLP 1003 BISHOP STREET SUITE 2400 HONOLULU HI 96813 990 2016-08-01 990073514 MID-PACIFIC INSTITUTE MID- 8089735000 2445 KAALA STREET HONOLULU HI 96822 PATRICK GARVEY CHIEF FINANCIAL OFFICER 8089735000 2018-05-29 1 ALAN ML YEE P00130314 8085262255 2016 2022-09-23 18:48:47Z PATRICK GARVEY 2445 KAALA STREET HONOLULU HI 96822 46100964 0 X WWW.MIDPAC.EDU X 1908 HI TO PREPARE THE STUDENTS FOR HIGHER EDUCATION AND LIFE IN A CONSTANTLY CHANGING WORLD. 26 26 514 1200 -2009 -2009 2054147 3137529 36776396 38369119 267914 292837 495687 545417 39594144 42344902 5412503 5744047 0 0 22819145 24237916 49184 16126 1044499 9688355 9826782 37969187 39824871 1624957 2520031 83585903 86999424 30737605 30585824 52848298 56413600 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 31475135 5744047 38369119 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. 31475135 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 0 0 1 0 1 0 0 0 0 0 0 0 0 1 128 0 1 514 1 1 1 0 0 0 0 1 1 0 0 0 0 X 26 26 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 DICKSON LEE ESQUIRE SECRETARY 0.80 X 0 0 0 KEITH OGATA ASSISTANT TREASURER 0.80 X 0 0 0 PETER STARN ASSISTANT SECRETARY 0.80 X 0 0 0 REVEREND DR CHARLES BUCK TRUSTEE 0.50 X 0 0 0 GEORGE BUCK TRUSTEE 0.50 X 0 0 0 KIMBERLY DEY TRUSTEE 0.50 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 SIDNEY HAMADA TRUSTEE 0.50 X 0 0 0 DR GARRETT T HAYASHI TRUSTEE 0.50 X 0 0 0 PETER INGRAM TRUSTEE 0.50 X 0 0 0 ROBERTA KAMEDA TRUSTEE 0.50 X 0 0 0 LESLEY L KANESHIRO TRUSTEE 0.50 X 0 0 0 PATRICK K KOBAYASHI TRUSTEE 0.80 X 0 0 0 JAMES KOMETANI TRUSTEE 0.80 X 0 0 0 GARY T OKAMOTO TRUSTEE 0.50 X 0 0 0 G MARCUS POLIVKA TRUSTEE 0.50 X 0 0 0 STEVEN TERUYA 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 FRANK DAMON 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 HORNER HONORARY TRUSTEE 0.00 X 0 0 0 DONALD KIM 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 264420 0 73955 PATRICK GARVEY VP FOR OPERATIONS AND CHIEF FINANCIAL OFFICER 40.00 X 214994 0 38501 GARY CORDOVA VP FOR INSTITUITIONAL ADVANCEMENAT 40.00 X 140146 0 41788 SCOTT SIEGFRIED VP FOR EXTERNAL AFFAIRS AND ENROLLMENT MANAGEMENT 40.00 X 139087 0 58412 THOMAS E MCMANUS HIGH SCHOOL PRINCIPAL 40.00 X 204937 0 39499 EDNA HUSSEY ELEMENTARY SCHOOL PRINCIPAL 40.00 X 173573 0 30760 DR DWAYNE PRIESTER MIDDLE SCHOOL PRINCIPAL 40.00 X 158610 0 29324 GARETH RUSSELL ASSISTANT PRINCIPAL FOR ACADEMICS 40.00 X 129786 0 20186 BRIAN M DOTE CHIEF INNOVATION OFFICER 40.00 X 125231 0 34918 AKI FAYE TEACHER 37.50 X 119908 0 19412 LORRAINE MATSUZAKI CONTROLLER 40.00 X 107975 0 68198 SCOTT WAGNER ATHLETIC DIRECTOR 40.00 X 106584 0 54962 1885251 0 509915 15 0 1 0 MRC ROOFING LLC PO BOX 17947 HONOLULU HI 96817 ROOF REPLACEMENT 851243 MARYL GROUP CONSTRUCTION INC 55 MERCHANT STREET SUITE 2000 HONOLULU HI 96813 CONSTRUCTION 413808 JAYAR CONSTRUCTION INC 1176 SAND ISLAND PARKWAY HONOLULU HI 96819 DEMO, EXCAVATION, GRADING FOR PAVING 205713 EDWARD ENTERPRISES INC PO BOX 30468 HONOLULU HI 96820 PRINTING AND MAILING SERVICES, INCLUDING 204198 KELLY SERVICES INC PO BOX 31001-0422 PASADENA CA 91110 SUBSTITUTE TEACHERS 160719 6 11850 16865 3108814 1219439 3137529 TUITION & FEES 611710 35256520 35256520 AUXILIARY & STUDENT FEES 611710 2904983 2904983 SUNDRY 900099 207616 207616 38369119 274856 274856 304800 206389 98411 98411 -2009 100420 3419724 3401743 17981 17981 17981 159552 16865 113258 46294 46294 46035 34672 11363 11363 MISCELLANEOUS 611110 389349 389349 389349 42344902 38369119 -2009 840263 5744047 5744047 1614879 669836 558767 386276 17214307 13518688 3349512 346107 1285211 1003970 248753 32488 2772947 2166147 536704 70096 1350572 1055029 261403 34140 59372 59372 70134 70134 16126 16126 52656 52656 199140 163307 35833 96516 96516 510415 200369 256522 53524 383433 344970 34352 4111 4278 4278 1312222 1310122 2100 263859 187777 60772 15310 120186 83373 34433 2380 590279 8286 581993 2800071 2700969 99102 260362 196635 63727 OUTSIDE SERVICES 952533 399267 523844 29422 MEALS & ENTERTAINMENT 257830 112928 110244 34658 SUBSTITUTE/TEMPORARY LA 183677 183677 PROGRAM/BUSINESS FEES 175131 172910 2221 1534688 1152034 362793 19861 39824871 31475135 7305237 1044499 3032710 3043815 12246070 13661658 1113354 832147 39051 34518 74419 80943 1374794 1524496 86810788 36860674 50121178 49950114 15584327 17871733 83585903 86999424 2976655 2581412 14403973 15054642 11616920 11279651 579233 296770 1160824 1373349 30737605 30585824 X 45265992 47041361 1132269 1507010 6450037 7865229 52848298 56413600 83585903 86999424 X 2520031 1071971 -26700 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10441892 1479778 1199068 56201 13064537 10207876 461470 -62559 164895 10441892 11920079 232392 104048 239643 1809000 10207876 10974723 312821 855000 222465 11920079 11087030 543689 176710 832706 10974723 0.31000 0.60000 0.09000 0 0 8973957 8973957 65103782 27413244 37690538 10290899 8008106 2282793 2442150 1439324 1002826 49950114 CASH AND MONEY MARKET 5431712 F COMMON STOCKS 8056367 F MUTUAL FUNDS 2104623 F FIXED INCOME SECURITIES 2279031 F 17871733 DEPOSITS HELD FOR OTHERS 550938 CAPITAL LEASE OBLIGATIONS 822411 1373349 X 39920168 1071971 -3711066 -2639095 42559263 -214361 -214361 42344902 36354866 241061 241061 36113805 3711066 3711066 39824871 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 AND THE ASSOCIATION 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 CONSOLIDATED 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 AND THE ASSOCIATION FILE INFORMATION RETURNS IN THE UNITED STATES (U.S.) FEDERAL JURISDICTION. THERE ARE NO SIGNIFICANT TAX LIABILITIES FOR INCOME TAX ASSOCIATED WITH UNRECOGNIZED TAX BENEFITS AS OF JULY 31, 2017 AND 2016. IT IS THE SCHOOL AND ASSOCIATION'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 -29,999. BAD DEBT EXP INCL IN SCHOOL ENDOW-OTHER INCOME 1,600. FINANCIAL AID GRANTS & AWARDS -3,682,667. PART XI, LINE 4B - OTHER ADJUSTMENTS: INTEREST EXPENSE ANNUITY 26,700. BOOKSTORE COGS -34,672. RENTAL EXPENSE -206,389. PART XII, LINE 2D - OTHER ADJUSTMENTS: BOOKSTORE COGS 34,672. RENTAL EXPENSE 206,389. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID GRANTS & AWARDS 3,682,667. BANK FEES INCL IN SCHOOL ENDOW GAIN/LOSS-OTHER INCOME 29,999. BAD DEBT EXP INCL IN SCHOOL ENDOW-OTHER INCOME -1,600. 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 HI MPIAA GOLF TOURNAMENT 112862 920 111942 600 28563 13139 9853 20094 MPIAA CHICKEN 63555 15945 47610 41009 176417 16865 159552 600 28563 13139 9853 61103 113258 46294 1 GRANTS 18 168100 AWARDS 411 3514567 TUITION WAIVERS 114 2039813 OTHER AWARDS (GRADUATION) 17 15567 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 0 0 0 0 0 0 0 0 DR PAUL TURNBULL PRESIDENT 239183 0 23052 0 2185 0 27004 0 37849 0 329273 0 0 0 PATRICK GARVEY VP FOR OPERATIONS AND CHIEF FINANCIA 186607 0 6000 0 22387 0 19981 0 12399 0 247374 0 0 0 GARY CORDOVA VP FOR INSTITUITIONAL ADVANCEMENAT 139246 0 0 0 900 0 12216 0 24559 0 176921 0 0 0 SCOTT SIEGFRIED VP FOR EXTERNAL AFFAIRS AND ENROLLME 138187 0 0 0 900 0 14126 0 37685 0 190898 0 0 0 THOMAS E MCMANUS HIGH SCHOOL PRINCIPAL 161351 0 4000 0 39586 0 16888 0 23596 0 245421 0 0 0 EDNA HUSSEY ELEMENTARY SCHOOL PRINCIPAL 148186 0 3000 0 22387 0 15512 0 12303 0 201388 0 0 0 DR DWAYNE PRIESTER MIDDLE SCHOOL PRINCIPAL 143710 0 2000 0 12900 0 9600 0 12219 0 180429 0 0 0 BRIAN M DOTE CHIEF INNOVATION OFFICER 120331 0 4000 0 900 0 5157 0 30564 0 160952 0 0 0 LORRAINE MATSUZAKI CONTROLLER 105475 0 2500 0 0 0 11838 0 48551 0 168364 0 0 0 SCOTT WAGNER ATHLETIC DIRECTOR 94824 0 2000 0 9760 0 10595 0 37550 0 154729 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. A DEPT OF BUDGET & FINANCE OF THE STATE OF HAWAII 990266961 419800GG6 2006-03-22 15085847 SEE PART VI 0 0 0 A 370000 15085847 965884 795372 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: 04/04/2017 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 48000 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 128 1219439 FMV AT DATE OF DONATION 0 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 XI, LINE 9: INTEREST EXPENSE ANNUITY INCLUDED ON FINANCIAL STATEMENTS, BUT NOT ON 990 -26,700.