2014-06-16T14:31:37-05:00 2013-07-31 272365899 PKF PACIFIC HAWAII LLP 1132 BISHOP STREET SUITE 2500 HONOLULU HI 96813 990 2012-08-01 990073514 MID-PACIFIC INSTITUTE MID- 8089735000 2445 KAALA STREET HONOLULU HI 96822 PATRICK GARVEY 8089735000 2014-06-16 1 DENEEN NAKASHIMA P00130623 8085360066 2012 2015-11-30 17:44:51Z PATRICK GARVEY 2445 KAALA STREET HONOLULU HI 96822 44142253 0 X WWW.MIDPAC.EDU X 1908 HI TO PREPARE THE STUDENTS FOR HIGHER EDUCATION AND LIFE IN A CONSTANTLY CHANGING WORLD. 25 25 480 1350 -10347 -10347 1829445 1766116 29699480 31385877 -11792 106967 702112 693808 32219245 33952768 4297257 4354160 0 0 18748263 19172022 29007 38759 621373 8179319 8390283 31253846 31955224 965399 1997544 75110291 75888366 30731564 29338016 44378727 46550350 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 25352337 4354160 31385877 PROGRAM SERVICEMID-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 FROM MORE THAN 15 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. 25352337 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 0 1 1 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 105 0 1 480 1 1 1 0 0 0 1 1 1 1 0 0 0 0 0 0 X 25 25 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 KENNETH KUPCHAK 1.50 X 0 0 0 WALTER OZAWA 0.80 X 0 0 0 GAYLORD WILCOX 0.80 X 0 0 0 DICKSON LEE ESQUIRE 0.80 X 0 0 0 NORMAN CHONG 0.80 X 0 0 0 DENIS ISONO 0.80 X 0 0 0 JAMES BELL 0.50 X 0 0 0 REVEREND DR CHARLES BUCK 0.50 X 0 0 0 GEORGE BUCK 0.50 X 0 0 0 MELVYN CHOY 0.80 X 0 0 0 ROBERT CROWELL 0.50 X 0 0 0 DAVID B ERDMAN 0.50 X 0 0 0 SIDNEY HAMADA 0.50 X 0 0 0 KENNETH KOBATAKE 0.50 X 0 0 0 PATRICK K KOBAYASHI 0.50 X 0 0 0 JAMES KOMETANI 0.80 X 0 0 0 SUSANNE MILLARD 0.80 X 0 0 0 RONALD TY MOON CHIEF JUSTICE RET 0.50 X 0 0 0 KEITH OGATA 0.80 X 0 0 0 GARY OKAMOTO 0.50 X 0 0 0 DIANE ONO ESQUIRE 0.50 X 0 0 0 MAILE ROMANOWSKI 0.50 X 0 0 0 STEVEN TERUYA 0.50 X 0 0 0 MICHAEL WOOD 0.50 X 0 0 0 ALBERT YAMADA 0.50 X 0 0 0 CF DAMON JR ESQUIRE 0.00 X 0 0 0 EMILY FUJII 0.00 X 0 0 0 DONALD HORNER 0.00 X 0 0 0 DONALD KIM 0.00 X 0 0 0 BERT KOBAYASHI 0.00 X 0 0 0 FRANK WATASE 0.00 X 0 0 0 SANDRA HARLEY 0.00 X 0 0 0 JOE RICE 40.00 X 271782 0 38968 PATRICK GARVEY 40.00 X 194828 0 27095 KRISTY TONG 40.00 X 140272 0 20184 EDNA HUSSEY 40.00 X 157040 0 23057 DR DWAYNE PRIESTER 40.00 X 150375 0 13916 SCOTT SIEGFRIED 40.00 X 107700 0 23349 GARETH RUSSELL 40.00 X 109110 0 16091 MICHAEL KRAFFT 40.00 X 106220 0 19393 1237327 0 182053 8 0 1 0 SODEXO INC & AFFILIATES 2445 KAALA STREET HONOLULU HI 96822 FOOD SERVICE 728661 WICKENDEN ASSOCIATES INC 1000 HERRONTOWN ROAD PRINCETON NJ 085407716 EXECUTIVE EMPLOYEE SEARCH 119454 KELLY SERVICES INC P O BOX 31001-0422 PASADENA CA 911100422 SUBSTITUTE TEACHERS 117613 M&R ROOFING & GUTTERS LLC 91-222 EWA BEACH ROAD EWA BEACH HI 96706 RE-ROOFING, REPAIRS AND COATING SERVICES 108700 PKF PACIFIC HAWAII LLP PO BOX 1300 HONOLULU HI 968071300 ACCOUNTING AND AUDIT SERVICES 102966 7 13475 102986 1649655 21443 1766116 TUITION & FEES 611710 28755276 28755276 AUXILIARY & STUDENT FEES 611710 2067767 2067767 RENTAL 531190 371654 -10347 382001 SUNDRY 900099 191180 191180 31385877 218162 218162 9259840 9371035 -111195 -111195 -111195 1140705 102986 777852 362853 362853 58068 40598 17470 17470 MISCELLANEOUS 611110 313485 313485 313485 33952768 28946456 -10347 3250543 4354160 4354160 1313346 593031 504348 215967 13814440 11163572 2481870 168998 991951 798514 177516 15921 1946779 1567115 348416 31248 1105506 889924 197838 17744 39475 1658 37817 96508 96508 38759 38759 54035 54035 90466 6723 83743 81464 81464 1029426 604724 335517 89185 283021 260101 18019 4901 5558 5558 1384076 1305590 78486 186997 163740 23257 95611 75486 19515 610 678611 37261 641350 2221641 2156156 65485 187439 132544 52751 2144 OUTSIDE SERVICES 628906 287056 331137 10713 PROGRAM/BUSINESS FEES 178827 173388 4814 625 MEALS & ENTERTAINMENT 175924 102477 59387 14060 NON-CAPITALIZED EQUIPME 101693 74864 26829 870605 517231 342876 10498 31955224 25352337 5981514 621373 4052824 4062535 6920200 9689187 576148 475404 69346 63788 64879 61612 1608351 1586181 77059606 29969529 48666666 47090077 13151877 12859582 75110291 75888366 1938443 1761284 12694685 12800309 13541019 13215906 702835 626082 1854582 934435 30731564 29338016 X 38137336 39851274 738497 821377 5502894 5877699 44378727 46550350 75110291 75888366 X 1997544 203427 -29348 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 11087030 543689 176710 832706 10974723 11048655 420395 -240166 141854 11087030 10331484 481029 425752 189610 11048655 9333177 238129 901334 141156 10331484 0.41820 0.05300 0.52880 0 0 8973957 8973957 56512309 20547009 35965300 9744185 8155723 1588462 1829155 1266797 562358 47090077 CASH AND MONEY MARKET 6337711 F COMMON STOCKS 2241590 F MUTUAL FUNDS 2953767 F FIXED INCOME SECURITIES 1326514 F 12859582 DEPOSITS HELD FOR OTHERS 498140 CAPITAL LEASE OBLIGATION 436295 934435 X 31206630 203427 203427 31003203 2949565 2949565 33952768 29035007 40598 40598 28994409 2960815 2960815 31955224 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: 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. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: FIN 48 EXPLANATION IN EVALUATING A TAX POSITION FOR RECOGNITION, THE SCHOOL JUDGMENTALLY EVALUATES 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 SCHOOLS FINANCIAL STATEMENTS AS THE LARGEST AMOUNT OF TAX BENEFIT THAT, IN MANAGEMENTS JUDGMENT, IS GREATER THAN 50% LIKELY OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE SCHOOL FILES INFORMATION RETURNS IN THE UNITED STATES (U.S.) FEDERAL JURISDICTION. THE SCHOOLS EVALUATION OF TAX POSITIONS WAS PERFORMED FOR THE YEARS ENDED 2010 THROUGH 2013 FOR THE U.S. FEDERAL JURISDICTION, THE TAX YEARS WHICH REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE AS OF JULY 31, 2013. THE SCHOOL DID NOT RECOGNIZE ANY SIGNIFICANT TAX LIABILITIES FOR INCOME TAX ASSOCIATED WITH UNRECOGNIZED TAX BENEFITS AS OF JULY 31, 2013 AND 2012. PART XI, LINE 4B - OTHER ADJUSTMENTS: INTEREST EXPENSE ANNUITY 29,342. FINANCIAL AID GRANTS AND AWARDS 2,919,884. BOOKSTORE COGS -40,598. BANK FEES INCL IN SCHOOL ENDOW GAIN/LOSS - OTHER INCOME 37,431. BAD DEBT EXP INCL IN SCHOOL ENDOW-OTHER INCOME 3,500. MISCELLANEOUS ROUNDING 6. PART XII, LINE 2D - OTHER ADJUSTMENTS: BOOKSTORE COGS 40,598. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID & AWARDS 2,919,884. BANK FEES INCL IN SCHOOL ENDOW GAIN/LOSS-OTHER INCOME 37,431. BAD DEBT EXP INCL IN SCHOOL ENDOW-OTHER INCOME 3,500. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION 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 0 HI PCA GIFT CARDS 387980 100 387880 365114 HELPING HANDS DINNER 201602 16013 185589 3130 37059 31547 4 654109 86873 567236 61216 10696 102786 300 166003 1243691 102986 1140705 61216 13826 139845 300 562664 777851 362854 1 GRANTS 20 149000 AWARDS 395 2770884 TUITION WAIVERS 102 1411087 OTHER AWARDS (GRADUATION) 10 17589 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: GRANT MONITORING SCHEDULE I, PART I GRANTS ARE PRIMARILY TO STUDENTS FOR FINANCIAL AID. THE FINANCIAL AID IS APPLIED AGAINST THE STUDENTS' ACCOUNTS. X X 1 1 X X 0 0 0 0 0 0 0 0 0 JOE RICE 238882 0 32000 0 900 0 27652 0 17885 0 317319 0 0 0 PATRICK GARVEY 168036 0 8000 0 18792 0 18179 0 15552 0 228559 0 0 0 KRISTY TONG 137372 0 2000 0 900 0 14023 0 7829 0 162124 0 0 0 EDNA HUSSEY 133248 0 5000 0 18792 0 14141 0 12963 0 184144 0 0 0 DR DWAYNE PRIESTER 132443 0 5000 0 12932 0 5000 0 13695 0 169070 0 0 0 SUPPLEMENTAL INFORMATION PART III HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE SCHEDULE J, PART I, LINE 1A 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. SUPPLEMENTAL INFORMATION PART III HEALTH OR SOCIAL CLUB DUES OR INITIATION FEES SCHEDULE J, PART I, LINE 1A 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 PLEASE SEE PART V 0 0 0 A 1690000 15085847 964331 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 SCHEDULE K PART IV, ARBITRAGE, LINE 2C DATE REBATE COMPUTATION PERFORMED ISSUER NAME: DEPT OF BUDGET & FINANCE OF THE STATE OF HAWAII DATE THE REBATE COMPUTATION WAS PERFORMED: 03/22/2013 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. FORM 990, PART VI, SECTION B, LINE 11 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: INTEREST EXPENSE ANNUITY INCLUDED ON 990, BUT NOT ON FINANCIAL STATEMENTS -29,342. MISCELLANEOUS ROUNDING -6.