2018-03-03T07:54:11-06:00 2017-05-31 261659234 CW ASSOCIATES CPAS 700 BISHOP STREET SUITE 1040 HONOLULU HI 96813 990 2016-06-01 990078306 HAWAII PREPARATORY ACADEMY HAWA 8088857321 65-1692 KOHALA MOUNTAIN ROAD KAMUELA HI 967438476 ROBERT MCKENDRY HEAD OF SCHOOL 8088857321 2018-03-02 1 MARK A HAYES P00085205 8085311040 67.53.223.34 2018-03-02 15:32:40 HS P 8B630C6035B5F89F234BFEE9445D039E4A608110 9303637E14B9B137199D3B25373DC4C11471B40B 2016 2021-01-29 14:40:06Z ROBERT MCKENDRY 65-1692 KOHALA MOUNTAIN ROAD KAMUELA HI 967438476 38245967 0 X WWW.HPA.EDU X 1957 HI EDUCATION 23 23 302 315 577159 -29154 2864898 5102530 20084441 21194873 1196038 1859871 572510 588894 24717887 28746168 3996302 4461294 0 0 12925551 13404621 31830 115283 981696 8797258 7703160 25750941 25684358 -1033054 3061810 130731679 137391887 7740688 8317327 122990991 129074560 TO PROVIDE EXCEPTIONAL LEARNING OPPORTUNITIES IN A DIVERSE COMMUNITY HONORING THE TRADITIONS OF HAWAII. SEE SCHEDULE O. 0 0 21093215 4461294 21254072 K-12 EDUCATIONAL PROGRAM - PROVIDES EDUCATION FOR APPROXIMATELY 640 STUDENTS FROM KINDERGARTEN TO GRADE 12 21093215 1 1 0 0 0 1 0 1 0 1 1 0 0 1 0 1 1 0 1 0 0 0 0 1 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 51 0 302 1 1 1 0 0 0 0 0 0 0 0 0 X 23 23 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X DANIEL J PETRILL 8088857321 65-1692 KOHALA MOUNTAIN ROAD KAMUELA HI 967438476 C SCOTT BRADLEY PRESIDENT & CHAIRMAN 2.00 X X 0 0 0 GREGORY R MOOERS FIRST VICE PRESIDENT & BOARD MEMBER 2.00 X X 0 0 0 WILL J HANCOCK SECRETARY 2.00 X X 0 0 0 MICHAEL K FUJIMOTO TREASURER 2.00 X X 0 0 0 LAURIE T AINSLIE BOARD MEMBER 2.00 X 0 0 0 JOHN ARRILLAGA JR BOARD MEMBER 2.00 X 0 0 0 MICHAEL J CHUN BOARD MEMBER 2.00 X 0 0 0 TAYLOR EASLEY BOARD MEMBER 2.00 X 0 0 0 ALLISON HOLT GENDREAU BOARD MEMBER 2.00 X 0 0 0 NONA HASEGAWA BOARD MEMBER 2.00 X 0 0 0 CHARLES G KING BOARD MEMBER 2.00 X 0 0 0 DUNCAN MACNAUGHTON BOARD MEMBER 2.00 X 0 0 0 RICH MATSUDA BOARD MEMBER 2.00 X 0 0 0 CINDY MCMACKIN BOARD MEMBER 2.00 X 0 0 0 PAUL NAKAYAMA 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 HANNAH K SPRINGER BOARD MEMBER 2.00 X 0 0 0 PETER M VITOUSEK BOARD MEMBER 2.00 X 0 0 0 ROY A VITOUSEK III BOARD MEMBER 2.00 X 0 0 0 TAFFI WISE BOARD MEMBER 2.00 X 0 0 0 DAVID ZIERK BOARD MEMBER 2.00 X 0 0 0 PUTMAN D CLARK FORMER BOARD MEMBER 2.00 X 0 0 0 ROBERT B MCKENDRY SECOND VICE PRESIDENT & HEAD OF SCHOOL 40.00 X 195685 0 39437 KATHERINE PURDY ASSISTANT SECRETARY 40.00 X 54367 0 6581 DANIEL J PETRILL ASSISTANT TREASURER 40.00 X 109594 0 19135 SHIRLEY-ANN FUKUMOTO DEAN OF AUXILIARY PROGRAMS 40.00 X 129004 0 18515 MARK NOETZEL DEAN OF CAMPUS LIFE 40.00 X 121083 0 11381 LUCY LEWIS DIRECTOR OF ADVANCEMENT 40.00 X 101619 0 31046 711352 0 126095 5 0 1 0 QUALITY BUILDERS INC PO BOX 2135 KAMUELA HI 96743 CONSTRUCTION CONTRACTOR 2085578 SODEXO AMERICA LLC DEPT 880328 LOS ANGELES CA 900880328 FOOD SERVICE 1651390 CENTRAL PACIFIC MANAGEMENT LLC PO BOX 944 KAMUELA HI 96743 PV SYSTEM CONTRACTOR 531436 UNIVERSAL PROTECTION SERVICE LP 1551 NORTH TUSTIN AVENUE SUITE 650 SANTA ANA CA 92705 SECURITY SERVICES 324450 FLANSBURGH ASSOCIATES INC 77 N WASHINGTON ST SUITE 600 BOSTON MA 02114 ARCHITECTURAL SERVICES 307706 8 201250 4901280 180053 5102530 TUITION AND FEES 611710 20353519 20353519 SPECIAL EVENTS 611710 841354 841354 21194873 1833656 1833656 9262910 100 9236145 650 26765 -550 26215 26215 168286 201250 215750 -47464 -47464 77058 47254 29804 29804 ISAACS ART GALLERY 900099 577159 577159 OTHER INCOME 900099 29395 29395 606554 28746168 21254072 577159 1812407 4461294 4461294 428901 71450 333634 23817 8687181 7070987 1146306 469888 658486 533374 92188 32924 2978258 2204489 745240 28529 651795 527954 91251 32590 71237 71237 49008 49008 115283 115283 117538 117538 455087 289774 7123 158190 63576 63576 1034371 628275 368956 37140 1379158 1288278 79528 11352 262048 224170 12437 25441 105097 97319 7778 95709 95709 1102645 1047513 55132 FOOD SERVICES 1258399 1248877 9522 STUDENT ACTIVITIES 789281 786394 2887 ART CENTER OPERATIONS 519201 514009 5192 PROVISION FOR UNCOLLECT 135614 135614 265191 132801 93626 38764 25684358 21093215 3609447 981696 747618 645187 122538 787105 143877 1089083 362698 341065 2276718 2216552 209856 263093 70634313 21456410 45439688 49177903 22716943 23366356 58711743 59505543 130731679 137391887 2386535 2263504 2238861 2483014 1824287 3570809 1291005 0 7740688 8317327 X 47294157 50564717 10540713 11637161 65156121 66872682 122990991 129074560 130731679 137391887 X 3061810 2209234 812525 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 550409 0 0 1840235 X X X X FUNDRAISING 1 22630619 1006737 2829336 1097991 25368701 24319765 36838 -601363 1124621 22630619 23690843 354562 1376077 1101717 24319765 21887047 72595 2790787 1059586 23690843 19581957 177615 3483782 1356307 21887047 0.44060 0.41410 0.14530 1 0 6312078 6312078 50165854 11316367 38849487 1022994 855929 167065 13133387 9284114 3849273 49177903 DONATED ARTWORK HELD FOR INVESTMENT 2438897 BENEFICIAL INTEREST IN PARKER RANCH FOUNDATION 34719909 BENEFICIAL INTEREST IN TRUSTS HELD BY OTHERS 21648567 DONATED REAL ESTATE HELD FOR INVESTMENT 698170 59505543 X 26325588 2209234 35139 -4927957 -2683584 29009172 -263004 -263004 28746168 20242019 35139 263004 298143 19943876 5740482 5740482 25684358 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 76 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 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: ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE 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, 2017 AND 2016 AND FOR THE YEARS THEN ENDED BY REVIEWING ITS INCOME TAX RETURNS AND CONFERRING WITH ITS TAX ADVISORS, AND DETERMINED THAT THE ACADEMY HAD NO UNCERTAIN TAX POSITIONS REQUIRED TO BE REPORTED IN ACCORDANCE WITH SUCH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES. 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: CHANGES IN BENEFICIAL INTERESTS IN TRUSTS HELD BY OTHERS 812,525. STUDENT AID & TUITION REMISSION (NETTED AGAINST REVENUE PER AUDIT REPORT) -5,740,482. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF SALES - INVENTORY (NETTED AGAINST REVENUE PER TAX RETURN) -47,254. FUNDRAISING EXPENSES -215,750. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES - INVENTORY (NETTED AGAINST REVENUE PER TAX RETURN) 47,254. FUNDRAISING EXPENSES 215,750. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID & TUITION REMISSION (NETTED AGAINST REVENUE PER AUDIT REPORT) 5,740,482. 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. X X 1 NETZEL GRIGSBY ASSOCIATES INC PO BOX 5122 CULVER CITY CA 90231 CONDUCT CAMPAIGN FEASIBILITY STUDY 0 0 89258 0 UGUISU RESEARCH LLC 2389 MAIN STREET SUITE 100 GLASTONBURY CT 06033 CONDUCT DONOR RESEARCH 0 0 26025 0 115283 HI ALU MAI 367800 201000 166800 18837 22823 166156 GOLF 1736 250 1486 2164 5770 369536 201250 168286 21001 22823 171926 215750 -47464 1 STUDENT TUITION FINANCIAL AID 298 4461294 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 1 1 X X X 0 0 0 0 0 0 0 0 0 ROBERT B MCKENDRY SECOND VICE PRESIDENT & HEAD OF SCHO 195685 0 0 0 0 0 16260 0 23177 0 235122 0 0 0 PART I, LINE 1A THE HEAD OF SCHOOL RESIDES ON CAMPUS AS A CONDITION OF EMPLOYMENT. X 13 32001 FAIR MARKET VALUE X 1 4000 FAIR MARKET VALUE X 2 21434 FAIR MARKET VALUE X DONATED AUCTION ITEMS - EVENTS, JEWELRY, GIFT CARDS, PERSONAL ITEMS 84 90560 FAIR MARKET VALUE X FUNDRAISING EVENT PROGRAM COSTS 2 24999 FAIR MARKET VALUE X PROGRAM ITEMS 13 7059 FAIR MARKET VALUE 43 0 1 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS RECEIVED. FORM 990, PART V: QUESTIONS 7G AND 7H ARE NOT APPLICABLE TO THE EXEMPT ORGANIZATION. AS SUCH, THEY HAVE 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. PETER M. VITOUSEK (BOARD MEMBER) AND ROY A. VITOUSEK, III (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 FULL FORM 990, WITH THE EXCEPTION OF REDACTING THE NAME AND ADDRESS OF A DONOR WHO WISHES TO REMAIN ANONYMOUS, IS PROVIDED TO THE AUDIT COMMITTEE FOR REVIEW. AUDIT COMMITTEE MEMBERSHIP INCLUDES THE PRESIDENT AND CHAIRMAN, TREASURER, SECOND VICE PRESIDENT AND ASSISTANT TREASURER. PRIOR TO FILING, THE CHAIR OF THE AUDIT COMMITTEE PROVIDES THE FORM 990 (WITH ANONYMOUS DONOR NAME AND ADDRESS REDACTED FROM LIST OF CONTRIBUTORS IN SCHEDULE B) TO THE FULL BOARD AT A REGULARLY SCHEDULED MEETING. FORM 990, PART VI, SECTION B, LINE 12C A QUESTIONNAIRE IS SENT TO ALL BOARD MEMBERS AND OFFICERS PRIOR TO THE FILING OF FORM 990, 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, AS WELL AS OTHER OFFICERS AND KEY EMPLOYEES. A SUBCOMMITTEE OF INDEPENDENT PERSONS IS CHARGED WITH EXECUTING THE COMPENSATION POLICY, INCLUDING COLLECTING DATA (I.E. SALARY DATA FROM COMPARABLE SCHOOLS), MAKING A COMPENSATION RECOMMENDATION, AND FOLLOWING ALL DOCUMENTATION REQUIREMENTS. DURING THE 2016-17 FISCAL YEAR, THE ORGANIZATIONS'S DIRECTOR OF HUMAN RESOURCES COLLECTED COMPARABLE DATA FOR THE POSITION OF HEAD OF SCHOOL, WHO IS THE SCHOOL'S TOP MANAGEMENT OFFICIAL AND SECOND VICE PRESIDENT, FOR USE BY A COMPENSATION SUBCOMMITTEE. DATA SOURCES INCLUDED PUBLIC DISCLOSURE COPIES OF FORM 990 FOR COMPARABLE INDEPENDENT SCHOOLS. A SUBCOMMITTEE COMPRISED OF MEMBERS OF THE BOARD OF TRUSTEES, INCLUDING THE BOARD CHAIR, REVIEWED COMPARABILITY DATA FOR THE HEAD OF SCHOOL POSITION AND DOCUMENTED IN A PERSONNEL FILE DECISIONS MADE AT SUBCOMMITTEE MEETINGS. THE COMPENSATION PACKAGE FOR HEAD OF SCHOOL WAS APPROVED BY THE FULL BOARD OF TRUSTEES AT A REGULARLY SCHEDULED BOARD MEETING. 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 812,525. 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. HAWAII PREPARATORY ACADEMY ALUMNI ASSOCIATION INC 65-1692 KOHALA MOUNTAIN ROAD KAMUELA HI 96743 990225471 SUPPORT HAWAII PREPARATORY ACADEMY HI 501(C)(3) LINE 11 N/A 0 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 367584 CASH