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      <NumberIndividualsGT100K>3</NumberIndividualsGT100K>
      <FormersListed>0</FormersListed>
      <TotalCompGT150K>1</TotalCompGT150K>
      <CompensationFromOtherSources>0</CompensationFromOtherSources>
      <ContractorCompensation>
        <NameOfContractor>
          <NameBusiness>
            <BusinessNameLine1>ISEMOTO CONTRACTING CO LTD</BusinessNameLine1>
          </NameBusiness>
        </NameOfContractor>
        <AddressOfContractor>
          <AddressUS>
            <AddressLine1>74-5039 B QUEEN KAAHUMANU HWY</AddressLine1>
            <City>KAILUAKONA</City>
            <State>HI</State>
            <ZIPCode>96740</ZIPCode>
          </AddressUS>
        </AddressOfContractor>
        <DescriptionOfServices>CONSTRUCTION</DescriptionOfServices>
        <Compensation>2350686</Compensation>
      </ContractorCompensation>
      <ContractorCompensation>
        <NameOfContractor>
          <NameBusiness>
            <BusinessNameLine1>QUALITY BUILDERS INC</BusinessNameLine1>
          </NameBusiness>
        </NameOfContractor>
        <AddressOfContractor>
          <AddressUS>
            <AddressLine1>PO BOX 2135</AddressLine1>
            <City>KAMUELA</City>
            <State>HI</State>
            <ZIPCode>96743</ZIPCode>
          </AddressUS>
        </AddressOfContractor>
        <DescriptionOfServices>CONSTRUCTION</DescriptionOfServices>
        <Compensation>689354</Compensation>
      </ContractorCompensation>
      <ContractorCompensation>
        <NameOfContractor>
          <NameBusiness>
            <BusinessNameLine1>PA'AHANA ENTERPRISES</BusinessNameLine1>
          </NameBusiness>
        </NameOfContractor>
        <AddressOfContractor>
          <AddressUS>
            <AddressLine1>PO BOX 109</AddressLine1>
            <City>KEALAKEKUA</City>
            <State>HI</State>
            <ZIPCode>96750</ZIPCode>
          </AddressUS>
        </AddressOfContractor>
        <DescriptionOfServices>CONSTRUCTION</DescriptionOfServices>
        <Compensation>112670</Compensation>
      </ContractorCompensation>
      <NumberOfContractorsGT100K>3</NumberOfContractorsGT100K>
      <FundraisingEvents>342756</FundraisingEvents>
      <AllOtherContributions>2357388</AllOtherContributions>
      <NoncashContributions>701099</NoncashContributions>
      <TotalContributions>2700144</TotalContributions>
      <ProgramServiceRevenue>
        <Description>TUITION FEES AND STUDE</Description>
        <BusinessCode>611710</BusinessCode>
        <TotalRevenueColumn>15630096</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>15630096</RelatedOrExemptFunctionIncome>
      </ProgramServiceRevenue>
      <ProgramServiceRevenue>
        <Description>SPECIAL PROGRAMS</Description>
        <BusinessCode>611710</BusinessCode>
        <TotalRevenueColumn>877263</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>877263</RelatedOrExemptFunctionIncome>
      </ProgramServiceRevenue>
      <TotalProgramServiceRevenue>16507359</TotalProgramServiceRevenue>
      <InvestmentIncome>
        <TotalRevenueColumn>2156652</TotalRevenueColumn>
        <ExclusionAmount>2156652</ExclusionAmount>
      </InvestmentIncome>
      <GrossRents>
        <Real>8400</Real>
      </GrossRents>
      <RentalIncomeOrLoss>
        <Real>8400</Real>
      </RentalIncomeOrLoss>
      <NetRentalIncomeOrLoss>
        <TotalRevenueColumn>8400</TotalRevenueColumn>
        <ExclusionAmount>8400</ExclusionAmount>
      </NetRentalIncomeOrLoss>
      <GrossAmountSalesAssets>
        <Securities>7774005</Securities>
      </GrossAmountSalesAssets>
      <LessCostOthBasisSalesExpenses>
        <Securities>6954581</Securities>
      </LessCostOthBasisSalesExpenses>
      <GainOrLoss>
        <Securities>819424</Securities>
      </GainOrLoss>
      <NetGainOrLossInvestments>
        <TotalRevenueColumn>819424</TotalRevenueColumn>
        <ExclusionAmount>819424</ExclusionAmount>
      </NetGainOrLossInvestments>
      <GrossIncomeFundraisingEvents>525424</GrossIncomeFundraisingEvents>
      <CntrbtnsRprtdFundraisingEvents>342756</CntrbtnsRprtdFundraisingEvents>
      <FundraisingDirectExpenses>405830</FundraisingDirectExpenses>
      <NetIncomeFromFundraisingEvents>
        <TotalRevenueColumn>119594</TotalRevenueColumn>
        <ExclusionAmount>119594</ExclusionAmount>
      </NetIncomeFromFundraisingEvents>
      <GrossSalesOfInventory>227468</GrossSalesOfInventory>
      <CostOfGoodsSold>165415</CostOfGoodsSold>
      <NetIncomeOrLoss>
        <TotalRevenueColumn>62053</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>62053</RelatedOrExemptFunctionIncome>
      </NetIncomeOrLoss>
      <OtherRevenueMisc>
        <Description>ISAACS ART GALLERY</Description>
        <BusinessCode>900099</BusinessCode>
        <TotalRevenueColumn>738962</TotalRevenueColumn>
        <UnrelatedBusinessRevenue>738962</UnrelatedBusinessRevenue>
      </OtherRevenueMisc>
      <OtherRevenueMisc>
        <Description>OTHER INCOME</Description>
        <BusinessCode>900099</BusinessCode>
        <TotalRevenueColumn>4503</TotalRevenueColumn>
        <ExclusionAmount>4503</ExclusionAmount>
      </OtherRevenueMisc>
      <TotalOtherRevenue>743465</TotalOtherRevenue>
      <TotalRevenue>
        <TotalRevenueColumn>23117091</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>16569412</RelatedOrExemptFunctionIncome>
        <UnrelatedBusinessRevenue>738962</UnrelatedBusinessRevenue>
        <ExclusionAmount>3108573</ExclusionAmount>
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      <GrantsToDomesticIndividuals>
        <Total>2644890</Total>
        <ProgramServices>2644890</ProgramServices>
      </GrantsToDomesticIndividuals>
      <CompCurrentOfficersDirectors>
        <Total>328063</Total>
        <ProgramServices>56119</ProgramServices>
        <ManagementAndGeneral>249496</ManagementAndGeneral>
        <Fundraising>22448</Fundraising>
      </CompCurrentOfficersDirectors>
      <OtherSalariesAndWages>
        <Total>7162645</Total>
        <ProgramServices>5715935</ProgramServices>
        <ManagementAndGeneral>1275387</ManagementAndGeneral>
        <Fundraising>171323</Fundraising>
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      <PensionPlanContributions>
        <Total>555497</Total>
        <ProgramServices>423615</ProgramServices>
        <ManagementAndGeneral>122042</ManagementAndGeneral>
        <Fundraising>9840</Fundraising>
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      <OtherEmployeeBenefits>
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        <ProgramServices>1601692</ProgramServices>
        <ManagementAndGeneral>572344</ManagementAndGeneral>
        <Fundraising>39404</Fundraising>
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      <PayrollTaxes>
        <Total>571547</Total>
        <ProgramServices>435854</ProgramServices>
        <ManagementAndGeneral>122371</ManagementAndGeneral>
        <Fundraising>13322</Fundraising>
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      <FeesForServicesLegal>
        <Total>1074</Total>
        <ManagementAndGeneral>1074</ManagementAndGeneral>
      </FeesForServicesLegal>
      <FeesForServicesAccounting>
        <Total>48148</Total>
        <ManagementAndGeneral>48148</ManagementAndGeneral>
      </FeesForServicesAccounting>
      <FeesForServicesOther>
        <Total>85943</Total>
        <ProgramServices>83423</ProgramServices>
        <ManagementAndGeneral>2520</ManagementAndGeneral>
      </FeesForServicesOther>
      <Advertising>
        <Total>36755</Total>
        <ProgramServices>36755</ProgramServices>
      </Advertising>
      <OfficeExpenses>
        <Total>1051373</Total>
        <ProgramServices>436095</ProgramServices>
        <ManagementAndGeneral>601146</ManagementAndGeneral>
        <Fundraising>14132</Fundraising>
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      <Occupancy>
        <Total>1439535</Total>
        <ProgramServices>1327220</ProgramServices>
        <ManagementAndGeneral>106564</ManagementAndGeneral>
        <Fundraising>5751</Fundraising>
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      <Travel>
        <Total>164241</Total>
        <ProgramServices>143599</ProgramServices>
        <ManagementAndGeneral>10036</ManagementAndGeneral>
        <Fundraising>10606</Fundraising>
      </Travel>
      <Interest>
        <Total>226850</Total>
        <ManagementAndGeneral>226850</ManagementAndGeneral>
      </Interest>
      <DepreciationDepletion>
        <Total>950388</Total>
        <ProgramServices>876237</ProgramServices>
        <ManagementAndGeneral>70354</ManagementAndGeneral>
        <Fundraising>3797</Fundraising>
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      <OtherExpenses>
        <Description>FOOD/FOOD SERVICES</Description>
        <Total>1148190</Total>
        <ProgramServices>1148190</ProgramServices>
      </OtherExpenses>
      <OtherExpenses>
        <Description>ART CENTER OPERATIONS</Description>
        <Total>767763</Total>
        <ProgramServices>758396</ProgramServices>
        <ManagementAndGeneral>9367</ManagementAndGeneral>
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      <OtherExpenses>
        <Description>STUDENT ACTIVITIES</Description>
        <Total>411706</Total>
        <ProgramServices>411706</ProgramServices>
      </OtherExpenses>
      <OtherExpenses>
        <Description>GO GREEN PROJECTS</Description>
        <Total>147568</Total>
        <ProgramServices>147568</ProgramServices>
      </OtherExpenses>
      <OtherExpenses>
        <Description>TENNANT GALLERY</Description>
        <Total>74139</Total>
        <ManagementAndGeneral>74139</ManagementAndGeneral>
      </OtherExpenses>
      <AllOtherExpenses>
        <Total>794119</Total>
        <ProgramServices>235746</ProgramServices>
        <ManagementAndGeneral>551058</ManagementAndGeneral>
        <Fundraising>7315</Fundraising>
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      <TotalFunctionalExpenses>
        <Total>20823874</Total>
        <ProgramServices>16483040</ProgramServices>
        <ManagementAndGeneral>4042896</ManagementAndGeneral>
        <Fundraising>297938</Fundraising>
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        <EOY>423245</EOY>
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      <SavingsAndTempCashInvestments>
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        <EOY>1692146</EOY>
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        <EOY>348053</EOY>
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        <EOY>1350</EOY>
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        <EOY>48067</EOY>
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        <EOY>2259715</EOY>
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        <EOY>133758</EOY>
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      <LandBuildingsEquipmentBasisNet>
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        <EOY>42842118</EOY>
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      <InvestmentsPubTradedSecurities>
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        <EOY>21694332</EOY>
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        <BOY>22352498</BOY>
        <EOY>23765841</EOY>
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      <TotalAssets>
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        <EOY>93444196</EOY>
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      <AccountsPayableAccruedExpenses>
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      <DeferredRevenue>
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        <EOY>2108186</EOY>
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      <MortNotesPyblSecuredInvestProp>
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        <EOY>4347605</EOY>
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      <UnsecuredNotesLoansPayable>
        <EOY>500000</EOY>
      </UnsecuredNotesLoansPayable>
      <OtherLiabilities>
        <BOY>105215</BOY>
        <EOY>209132</EOY>
      </OtherLiabilities>
      <TotalLiabilities>
        <BOY>10160900</BOY>
        <EOY>8989872</EOY>
      </TotalLiabilities>
      <FollowSFAS117>X</FollowSFAS117>
      <UnrestrictedNetAssets>
        <BOY>43817265</BOY>
        <EOY>46714019</EOY>
      </UnrestrictedNetAssets>
      <TemporarilyRestrictedNetAssets>
        <BOY>10365416</BOY>
        <EOY>10212635</EOY>
      </TemporarilyRestrictedNetAssets>
      <PermanentlyRestrictedNetAssets>
        <BOY>24091735</BOY>
        <EOY>27527670</EOY>
      </PermanentlyRestrictedNetAssets>
      <TotalNetAssetsFundBalances>
        <BOY>78274416</BOY>
        <EOY>84454324</EOY>
      </TotalNetAssetsFundBalances>
      <TotalLiabNetAssetsFundBalances>
        <BOY>88435316</BOY>
        <EOY>93444196</EOY>
      </TotalLiabNetAssetsFundBalances>
      <InfoInScheduleOPartXI>X</InfoInScheduleOPartXI>
      <ReconcilationRevenueExpenses>2293217</ReconcilationRevenueExpenses>
      <ReconcilationOtherChanges>3886691</ReconcilationOtherChanges>
      <InfoInScheduleOPartXII>X</InfoInScheduleOPartXII>
      <MethodOfAccountingAccrual>X</MethodOfAccountingAccrual>
      <AccountantCompileOrReview>0</AccountantCompileOrReview>
      <FSAudited>1</FSAudited>
      <AuditCommittee>1</AuditCommittee>
      <FinancialStatementSeparate>X</FinancialStatementSeparate>
      <FederalGrantAuditRequired>0</FederalGrantAuditRequired>
    </IRS990>
    <IRS990ScheduleA documentId="RetDoc1039100001">
      <School170b1Aii>X</School170b1Aii>
    </IRS990ScheduleA>
    <IRS990ScheduleB documentId="RetDoc1234500001">
      <ContributorInfo>
        <ContributorNumber>RESTRICTED</ContributorNumber>
        <ContributorNameBusiness>
          <BusinessNameLine1>RESTRICTED</BusinessNameLine1>
        </ContributorNameBusiness>
        <ContributorAddressUS>
          <AddressLine1>RESTRICTED</AddressLine1>
          <AddressLine2>RESTRICTED</AddressLine2>
          <City>RESTRICTED</City>
          <State>RESTRICTED</State>
          <ZIPCode>RESTRICTED</ZIPCode>
        </ContributorAddressUS>
        <AggregateContributions>RESTRICTED</AggregateContributions>
      </ContributorInfo>
    </IRS990ScheduleB>
    <IRS990ScheduleD documentId="RetDoc1039900001">
      <NumberFundsHeld>1</NumberFundsHeld>
      <GrantsFundsAndOtherAccounts>6807</GrantsFundsAndOtherAccounts>
      <AggregateFundValue>450826</AggregateFundValue>
      <DisclosedOrgsLegalControl>0</DisclosedOrgsLegalControl>
      <DisclosedForCharitablePurposes>0</DisclosedForCharitablePurposes>
      <HeldWorksOfArtAmts>
        <RevenuesIncluded>0</RevenuesIncluded>
        <AssetsInPartX>1896512</AssetsInPartX>
      </HeldWorksOfArtAmts>
      <CollectUsedForPublicExhibition>X</CollectUsedForPublicExhibition>
      <CollectUsedForPreservation>X</CollectUsedForPreservation>
      <CollectUsedForLoanOrExchPrgrms>X</CollectUsedForLoanOrExchPrgrms>
      <CollectionUsedForOther>
        <CollectionUsedForOtherPurposes>X</CollectionUsedForOtherPurposes>
        <DescriptionOfOtherPurposes>FUNDRAISING</DescriptionOfOtherPurposes>
      </CollectionUsedForOther>
      <SolicitedAssetsForSale>1</SolicitedAssetsForSale>
      <CurrentYear>
        <BeginningOfYearBalance>17809651</BeginningOfYearBalance>
        <Contributions>1503552</Contributions>
        <InvestmentEarningsOrLosses>3685993</InvestmentEarningsOrLosses>
        <OtherExpenditures>1283107</OtherExpenditures>
        <EndOfYearBalance>21716089</EndOfYearBalance>
      </CurrentYear>
      <CurrentYearMinus1Year>
        <BeginningOfYearBalance>15694279</BeginningOfYearBalance>
        <Contributions>1272028</Contributions>
        <InvestmentEarningsOrLosses>1925739</InvestmentEarningsOrLosses>
        <OtherExpenditures>1082395</OtherExpenditures>
        <EndOfYearBalance>17809651</EndOfYearBalance>
      </CurrentYearMinus1Year>
      <CurrentYearMinus2Years>
        <BeginningOfYearBalance>21130804</BeginningOfYearBalance>
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        <InvestmentEarningsOrLosses>-4589300</InvestmentEarningsOrLosses>
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        <EndOfYearBalance>15694279</EndOfYearBalance>
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      <EndowmentsHeldByUnrelatedOrgs>1</EndowmentsHeldByUnrelatedOrgs>
      <EndowmentsHeldByRelatedOrgs>0</EndowmentsHeldByRelatedOrgs>
      <Land>
        <InvestmentCostOrOtherBasis>6312078</InvestmentCostOrOtherBasis>
        <BookValue>6312078</BookValue>
      </Land>
      <Buildings>
        <InvestmentCostOrOtherBasis>42495510</InvestmentCostOrOtherBasis>
        <Depreciation>8150291</Depreciation>
        <BookValue>34345219</BookValue>
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      <Equipment>
        <InvestmentCostOrOtherBasis>9139361</InvestmentCostOrOtherBasis>
        <Depreciation>7880929</Depreciation>
        <BookValue>1258432</BookValue>
      </Equipment>
      <OtherLandBuildings>
        <InvestmentCostOrOtherBasis>926389</InvestmentCostOrOtherBasis>
        <BookValue>926389</BookValue>
      </OtherLandBuildings>
      <TotalOfBookValueLandBuildings>42842118</TotalOfBookValueLandBuildings>
      <OtherAssets>
        <Description>BENEFICIAL INTERESTS IN TRUSTS HELD BY OTHERS</Description>
        <BookValue>18490587</BookValue>
      </OtherAssets>
      <OtherAssets>
        <Description>DONATED ARTWORK HELD FOR INVESTMENT</Description>
        <BookValue>2648697</BookValue>
      </OtherAssets>
      <OtherAssets>
        <Description>DONATED REAL ESTATE HELD FOR INVESTMENT</Description>
        <BookValue>2626557</BookValue>
      </OtherAssets>
      <TotalBookValueOtherAssets>23765841</TotalBookValueOtherAssets>
      <OtherLiabilities>
        <Description>CHARITABLE GIFT ANNUITY LIABILITIES</Description>
        <Amount>98721</Amount>
      </OtherLiabilities>
      <OtherLiabilities>
        <Description>GENERAL EXCISE TAX LIABILITY</Description>
        <Amount>110411</Amount>
      </OtherLiabilities>
      <TotalOfAmounts>209132</TotalOfAmounts>
      <TotalRevenue>23117091</TotalRevenue>
      <TotalExpenses>20823874</TotalExpenses>
      <ExcessOrDeficitForYear>2293217</ExcessOrDeficitForYear>
      <NetUnrealizedGLOnInvestments>2441108</NetUnrealizedGLOnInvestments>
      <OtherAmount>1445583</OtherAmount>
      <TotalAdjustments>3886691</TotalAdjustments>
      <ExcessOrDeficitPerFS>6179908</ExcessOrDeficitPerFS>
      <TotRevenueEtcAuditedFinclStmt>28102396</TotRevenueEtcAuditedFinclStmt>
      <NetUnrealizedGainsInvestments>2441108</NetUnrealizedGainsInvestments>
      <OtherRevenues>1972952</OtherRevenues>
      <RevenueNotRptdF990>4414060</RevenueNotRptdF990>
      <RevenueSubtotal>23688336</RevenueSubtotal>
      <OtherRevenuesNotIncluded>-571245</OtherRevenuesNotIncluded>
      <RevenueNotRptdOnFinStmt>-571245</RevenueNotRptdOnFinStmt>
      <TotalRevenuePerForm990>23117091</TotalRevenuePerForm990>
      <TotExpensesEtcAuditedFinclStmt>21922488</TotExpensesEtcAuditedFinclStmt>
      <OtherExpensesIncluded>1098614</OtherExpensesIncluded>
      <ExpensesNotRptdF990>1098614</ExpensesNotRptdF990>
      <ExpensesSubtotal>20823874</ExpensesSubtotal>
      <ExpensesNotRptdOnFinStmt>0</ExpensesNotRptdOnFinStmt>
      <TotalExpensesPerForm990>20823874</TotalExpensesPerForm990>
      <Form990ScheduleDPartXIV>
        <ReturnReference>PART III, LINE 4:</ReturnReference>
        <Explanation>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.</Explanation>
      </Form990ScheduleDPartXIV>
      <Form990ScheduleDPartXIV>
        <Identifier>DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS:</Identifier>
        <ReturnReference>PART V, LINE 4:</ReturnReference>
        <Explanation>THE ACADEMY'S ENDOWMENT INCLUDES 70 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.</Explanation>
      </Form990ScheduleDPartXIV>
      <Form990ScheduleDPartXIV>
        <Identifier>PART XI, LINE 8 - OTHER ADJUSTMENTS:</Identifier>
        <Explanation>CHANGES IN BENEFICIAL INTERESTS IN TRUSTS HELD BY OTHERS 1,943,912. WRITE-DOWN OF DONATED REAL ESTATE -527,369. FUNDRAISING EVENT GROSS RECEIPTS (INCLUDED ON PRIOR YEAR FORM 990) 29,040.</Explanation>
      </Form990ScheduleDPartXIV>
      <Form990ScheduleDPartXIV>
        <Identifier>PART XII, LINE 2D - OTHER ADJUSTMENTS:</Identifier>
        <Explanation>CHANGES IN BENEFICIAL INTERESTS IN TRUSTS HELD BY OTHERS 1,943,912. FUNDRAISING EVENT GROSS RECEIPTS (INCLUDED ON PRIOR YEAR FORM 990) 29,040.</Explanation>
      </Form990ScheduleDPartXIV>
      <Form990ScheduleDPartXIV>
        <Identifier>PART XII, LINE 4B - OTHER ADJUSTMENTS:</Identifier>
        <Explanation>FUNDRAISING EVENT EXPENSES (NETTED AGAINST REVENUE PER TAX RETURN) -405,830. COST OF SALES - INVENTORY (NETTED AGAINST REVENUE PER TAX RETURN) -165,415.</Explanation>
      </Form990ScheduleDPartXIV>
      <Form990ScheduleDPartXIV>
        <Identifier>PART XIII, LINE 2D - OTHER ADJUSTMENTS:</Identifier>
        <Explanation>FUNDRAISING EVENT EXPENSES (NETTED AGAINST REVENUE PER TAX RETURN) 405,830. COST OF SALES - INVENTORY (NETTED AGAINST REVENUE PER TAX RETURN) 165,415. WRITE-DOWN OF DONATED REAL ESTATE 527,369.</Explanation>
      </Form990ScheduleDPartXIV>
    </IRS990ScheduleD>
    <IRS990ScheduleE documentId="RetDoc1040400001">
      <NondiscriminatoryPolicyStmt>1</NondiscriminatoryPolicyStmt>
      <PolicyStatementInBrochuresEtc>1</PolicyStatementInBrochuresEtc>
      <PolicyPublViaBroadcastMedia>1</PolicyPublViaBroadcastMedia>
      <MaintRacialCompositionRecords>1</MaintRacialCompositionRecords>
      <MaintScholarshipsRecords>1</MaintScholarshipsRecords>
      <MaintCopiesOfBrochuresEtc>1</MaintCopiesOfBrochuresEtc>
      <MaintCopiesOfAllSolicitations>1</MaintCopiesOfAllSolicitations>
      <DiscriminateRaceStudentsRights>0</DiscriminateRaceStudentsRights>
      <DiscriminateRaceAdmissPolicies>0</DiscriminateRaceAdmissPolicies>
      <DiscriminateRaceEmplmnFaculty>0</DiscriminateRaceEmplmnFaculty>
      <DiscriminateRaceScholarships>0</DiscriminateRaceScholarships>
      <DiscriminateRaceEducPolicies>0</DiscriminateRaceEducPolicies>
      <DiscriminateRaceUseOfFclts>0</DiscriminateRaceUseOfFclts>
      <DiscriminateRaceAthleticProg>0</DiscriminateRaceAthleticProg>
      <DiscriminateRaceOtherActy>0</DiscriminateRaceOtherActy>
      <GovernmentFinancialAidReceived>0</GovernmentFinancialAidReceived>
      <GovernmentFinancialAidRevoked>0</GovernmentFinancialAidRevoked>
      <ComplianceWithRevProc7550>1</ComplianceWithRevProc7550>
      <Form990ScheduleEPartII>
        <Identifier>EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION</Identifier>
        <ReturnReference>SCHEDULE E, PART I, LINE 3</ReturnReference>
        <Explanation>NONDISCRIMINATORY POLICY PRINTED ON ADMISSION AND FINANCIAL AID PUBLICATION AND IN NEWSPAPER ADVERTISEMENTS.</Explanation>
      </Form990ScheduleEPartII>
    </IRS990ScheduleE>
    <IRS990ScheduleG documentId="RetDoc1041300001">
      <EventsInformation>
        <NameOfEvent1>GOLF EVENT</NameOfEvent1>
        <GrossReceiptsEvent1>30224</GrossReceiptsEvent1>
        <CharitableContributionsEvent1>21300</CharitableContributionsEvent1>
        <GrossRevenueEvent1>8924</GrossRevenueEvent1>
        <NonCashPrizesEvent1>4950</NonCashPrizesEvent1>
        <RentFacilityCostsEvent1>3000</RentFacilityCostsEvent1>
        <OtherDirectExpensesEvent1>3362</OtherDirectExpensesEvent1>
        <NameOfEvent2>SCHOLARSHIP AUCTION</NameOfEvent2>
        <GrossReceiptsEvent2>837956</GrossReceiptsEvent2>
        <CharitableContributionsEvent2>321456</CharitableContributionsEvent2>
        <GrossRevenueEvent2>516500</GrossRevenueEvent2>
        <RentFacilityCostsEvent2>47986</RentFacilityCostsEvent2>
        <OtherDirectExpensesEvent2>346532</OtherDirectExpensesEvent2>
        <GrossReceiptsTotal>868180</GrossReceiptsTotal>
        <CharitableContributionsTotal>342756</CharitableContributionsTotal>
        <GrossRevenueTotalEvents>525424</GrossRevenueTotalEvents>
        <NonCashPrizesTotalEvents>4950</NonCashPrizesTotalEvents>
        <RentFacilityCostsTotalEvents>50986</RentFacilityCostsTotalEvents>
        <OtherDirectExpensesTotalEvents>349894</OtherDirectExpensesTotalEvents>
        <DirectExpenseSummaryEvents>405830</DirectExpenseSummaryEvents>
        <NetIncomeSummary>119594</NetIncomeSummary>
      </EventsInformation>
    </IRS990ScheduleG>
    <IRS990ScheduleI documentId="RetDoc1041900001">
      <RecordsMaintained>1</RecordsMaintained>
      <Form990ScheduleIPartIII>
        <TypeOfGrant>STUDENT TUITION FINANCIAL AID</TypeOfGrant>
        <NumberOfRecipients>228</NumberOfRecipients>
        <AmountOfCashGrant>2644890</AmountOfCashGrant>
        <AmountOfNonCashAssistance>0</AmountOfNonCashAssistance>
      </Form990ScheduleIPartIII>
      <Form990ScheduleIPartIV>
        <Identifier>PROCEDURE FOR MONITORING GRANTS IN THE U.S.:</Identifier>
        <ReturnReference>PART I, LINE 2:</ReturnReference>
        <Explanation>SCHEDULE I, 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.</Explanation>
      </Form990ScheduleIPartIV>
    </IRS990ScheduleI>
    <IRS990ScheduleJ documentId="RetDoc1042400001">
      <TravelForCompanions>X</TravelForCompanions>
      <DiscretionarySpendingAccount>X</DiscretionarySpendingAccount>
      <HousingAllowanceOrResidence>X</HousingAllowanceOrResidence>
      <ClubDuesOrFees>X</ClubDuesOrFees>
      <PersonalServices>X</PersonalServices>
      <WrittenPolicyReTAndEExpenses>1</WrittenPolicyReTAndEExpenses>
      <SubstantiationRequired>1</SubstantiationRequired>
      <CompensationCommittee>X</CompensationCommittee>
      <CompensationSurvey>X</CompensationSurvey>
      <SeverancePayment>0</SeverancePayment>
      <SupplementalNonqualRetirePlan>0</SupplementalNonqualRetirePlan>
      <EquityBasedCompArrangement>0</EquityBasedCompArrangement>
      <CompBasedOnRevenueOfFilingOrg>0</CompBasedOnRevenueOfFilingOrg>
      <CompBasedOnRevenueRelatedOrgs>0</CompBasedOnRevenueRelatedOrgs>
      <CompBasedNetEarningsFilingOrg>0</CompBasedNetEarningsFilingOrg>
      <CompBasedNetEarningsRelateOrgs>0</CompBasedNetEarningsRelateOrgs>
      <AnyNonFixedPayments>0</AnyNonFixedPayments>
      <InitialContractException>0</InitialContractException>
      <Form990ScheduleJPartII>
        <NamePerson>LINDSAY R BARNES</NamePerson>
        <BaseCompensationFilingOrg>185873</BaseCompensationFilingOrg>
        <CompBasedOnRelatedOrgs>0</CompBasedOnRelatedOrgs>
        <BonusFilingOrg>0</BonusFilingOrg>
        <BonusRelatedOrgs>0</BonusRelatedOrgs>
        <OtherCompensationFilingOrg>0</OtherCompensationFilingOrg>
        <OtherCompensationRelatedOrgs>0</OtherCompensationRelatedOrgs>
        <DeferredCompFilingOrg>21109</DeferredCompFilingOrg>
        <DeferredCompRelatedOrgs>0</DeferredCompRelatedOrgs>
        <NontaxableBenefitsFilingOrg>13937</NontaxableBenefitsFilingOrg>
        <NontaxableBenefitsRelatedOrgs>0</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationFilingOrg>220919</TotalCompensationFilingOrg>
        <TotalCompensationRelatedOrgs>0</TotalCompensationRelatedOrgs>
        <CompReportPrior990FilingOrg>0</CompReportPrior990FilingOrg>
        <CompReportPrior990RelatedOrgs>0</CompReportPrior990RelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartIII>
        <ReturnReference>PART I, LINE 1A</ReturnReference>
        <Explanation>THE HEADMASTER AND SPOUSE MAY TRAVEL BETWEEN HAWAII AND THE U.S. MAINLAND UNDER AN ACCOUNTABLE PLAN ARRANGEMENT. THE HEADMASTER RESIDES ON CAMPUS AS A CONDITION OF EMPLOYMENT. THE HEADMASTER IS A MEMBER OF A COUNTRY CLUB FOR THE PURPOSE OF RECREATION, NETWORKING, AND ENTERTAINMENT.</Explanation>
      </Form990ScheduleJPartIII>
    </IRS990ScheduleJ>
    <IRS990ScheduleL documentId="RetDoc1042800001">
      <LoanTable>
        <NamePerson>MARK NOETZEL</NamePerson>
        <PurposeOfLoan>PAYROLL ADVANCE, ONE YEAR PAYMENT SCHEDULE</PurposeOfLoan>
        <LoanFromOrganization>X</LoanFromOrganization>
        <OriginalPrincipalAmount>2000</OriginalPrincipalAmount>
        <BalanceDue>1350</BalanceDue>
        <Default>0</Default>
        <ApprovedByBoard>0</ApprovedByBoard>
        <WrittenAgreement>1</WrittenAgreement>
      </LoanTable>
      <TotalBalanceDue>1350</TotalBalanceDue>
      <Form990ScheduleLPartIV>
        <NameOfInterestedPerson>
          <NamePerson>DONNA TANOUE AND MICHAEL CHUN</NamePerson>
        </NameOfInterestedPerson>
        <Relationship>BOARD MEMBERS ARE AN OFFICER (TANOUE) AND DIRECTOR (CHUN) OF BANK OF HAWAII</Relationship>
        <AmountOfTransaction>151538</AmountOfTransaction>
        <DescriptionOfTransaction>INVESTMENT MANAGEMENT FEES, INTEREST EXPENSE</DescriptionOfTransaction>
        <SharingOfRevenues>0</SharingOfRevenues>
      </Form990ScheduleLPartIV>
    </IRS990ScheduleL>
    <IRS990ScheduleM documentId="RetDoc1042900001">
      <WorksOfArt>
        <NonCashCheckbox>X</NonCashCheckbox>
        <NumberOfContributions>18</NumberOfContributions>
        <NoncashContribsRptdF990>86125</NoncashContribsRptdF990>
        <MethodOfDeterminingRevenues>FAIR MARKET VALUE</MethodOfDeterminingRevenues>
      </WorksOfArt>
      <ClothingAndHouseholdGoods>
        <NonCashCheckbox>X</NonCashCheckbox>
        <NoncashContribsRptdF990>11330</NoncashContribsRptdF990>
        <MethodOfDeterminingRevenues>FAIR MARKET VALUE</MethodOfDeterminingRevenues>
      </ClothingAndHouseholdGoods>
      <SecuritiesPubliclyTraded>
        <NonCashCheckbox>X</NonCashCheckbox>
        <NumberOfContributions>8</NumberOfContributions>
        <NoncashContribsRptdF990>537235</NoncashContribsRptdF990>
        <MethodOfDeterminingRevenues>FAIR MARKET VALUE</MethodOfDeterminingRevenues>
      </SecuritiesPubliclyTraded>
      <FoodInventory>
        <NonCashCheckbox>X</NonCashCheckbox>
        <NumberOfContributions>1</NumberOfContributions>
        <NoncashContribsRptdF990>1400</NoncashContribsRptdF990>
        <MethodOfDeterminingRevenues>FAIR MARKET VALUE</MethodOfDeterminingRevenues>
      </FoodInventory>
      <OtherNonCashContributionsTable>
        <NonCashCheckbox>X</NonCashCheckbox>
        <Description>SADDLE</Description>
        <NumberOfContributions>1</NumberOfContributions>
        <NoncashContribsRptdF990>1700</NoncashContribsRptdF990>
        <MethodOfDeterminingRevenues>FAIR MARKET VALUE</MethodOfDeterminingRevenues>
      </OtherNonCashContributionsTable>
      <OtherNonCashContributionsTable>
        <NonCashCheckbox>X</NonCashCheckbox>
        <Description>RADIO TOWER</Description>
        <NumberOfContributions>1</NumberOfContributions>
        <NoncashContribsRptdF990>10813</NoncashContribsRptdF990>
        <MethodOfDeterminingRevenues>FAIR MARKET VALUE</MethodOfDeterminingRevenues>
      </OtherNonCashContributionsTable>
      <OtherNonCashContributionsTable>
        <NonCashCheckbox>X</NonCashCheckbox>
        <Description>PLACK PEARL</Description>
        <NumberOfContributions>1</NumberOfContributions>
        <NoncashContribsRptdF990>3000</NoncashContribsRptdF990>
        <MethodOfDeterminingRevenues>FAIR MARKET VALUE</MethodOfDeterminingRevenues>
      </OtherNonCashContributionsTable>
      <OtherNonCashContributionsTable>
        <NonCashCheckbox>X</NonCashCheckbox>
        <Description>RESORT PACKAGES</Description>
        <NumberOfContributions>24</NumberOfContributions>
        <NoncashContribsRptdF990>49496</NoncashContribsRptdF990>
        <MethodOfDeterminingRevenues>FAIR MARKET VALUE</MethodOfDeterminingRevenues>
      </OtherNonCashContributionsTable>
      <NumberOf8283Received>44</NumberOf8283Received>
      <AnyPropertyThatMustBeHeld>0</AnyPropertyThatMustBeHeld>
      <ReviewProcessUnusualNCGifts>1</ReviewProcessUnusualNCGifts>
      <ThirdPartiesUsed>0</ThirdPartiesUsed>
    </IRS990ScheduleM>
    <IRS990ScheduleO documentId="RetDoc1044400001">
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART IV, LINE 25A:</ReturnReference>
        <Explanation>DURING THE FISCAL YEAR COVERED BY THIS FORM 990, HPA DETERMINED THAT IT HAD PROVIDED EXCESS COMPENSATION TO A FORMER EMPLOYEE. ALTHOUGH THE EMPLOYEE DOES NOT APPEAR TO BE A DISQUALIFIED PERSON, HPA DISCLOSED THE COMPLETE DETAILS OF THE TRANSACTION, UNDER AN ABUNDANCE OF CAUTION, TO THE IRS IN A LETTER DATED MARCH 6, 2012. HPA ALSO DISCLOSED COMPLETE DETAILS OF THE TRANSACTION TO THE HAWAII ATTORNEY GENERAL'S OFFICE, WHICH HAS APPROVED HPA'S CORRECTIVE ACTIONS.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Explanation>FORM 990, PART V: QUESTIONS 7G AND 7H ARE NOT APPLICABLE TO THE EXEMPT ORGANIZATION. AS SUCH, THEY HAVE BEEN MARKED NO.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>FORM 990, PART VI, SECTION A, LINE 2</Identifier>
        <Explanation>DAVID W. PRATT (BOARD MEMBER) IS THE FATHER OF WILLIAM D. PRATT (BOARD MEMBER). PETER M. VITOUSEK (BOARD MEMBER) IS THE BROTHER OF ROY A. VITOUSEK, III (BOARD MEMBER).</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>FORM 990, PART VI, SECTION B, LINE 11</Identifier>
        <Explanation>HPA'S ASSISTANT TREASURER WORKS WITH THE RETURN PREPARER TO COMPLETE THE FORM 990. THE RETURN IS PROVIDED TO THE AUDIT COMMITTEE FOR REVIEW. AUDIT COMMITTEE MEMBERSHIP INCLUDES THE PRESIDENT AND CHAIRMAN, TREASURER, VICE PRESIDENT AND ASSISTANT TREASURER. PRIOR TO FILING, THE CHAIR OF THE AUDIT COMMITTEE PROVIDES THE RETURN TO THE FULL BOARD AT A REGULARLY SCHEDULED MEETING.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION B, LINE 12C</ReturnReference>
        <Explanation>A QUESTIONNAIRE IS SENT TO ALL BOARD MEMBERS PRIOR TO THE FILING OF THE 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.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION B, LINE 15</ReturnReference>
        <Explanation>THE BOARD OF TRUSTEES IS SOLELY RESPONSIBLE FOR DECISIONS REGARDING THE ENTIRE COMPENSATION PACKAGE FOR THE HEADMASTER, OTHER OFFICERS, AND KEY EMPLOYEES. A SUBCOMMITTEE OF INDEPENDENT PERSONS IS CHARGED WITH EXECUTING OUR OFFICER AND KEY EMPLOYEE COMPENSATION POLICY, INCLUDING COLLECTING DATA, MAKING A COMPENSATION RECOMMENDATION, AND FOLLOWING ALL DOCUMENTATION REQUIREMENTS.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION C, LINE 19</ReturnReference>
        <Explanation>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</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>CHANGES IN NET ASSETS OR FUND BALANCES:</Identifier>
        <ReturnReference>FORM 990, PART XI, LINE 5:</ReturnReference>
        <Explanation>NET UNREALIZED GAINS ON INVESTMENTS: 2,441,108. CHANGES IN BENEFICIAL INTERESTS IN TRUSTS HELD BY OTHERS 1,943,912. WRITE-DOWN OF DONATED REAL ESTATE -527,369. FUNDRAISING EVENT GROSS RECEIPTS (INCLUDED ON PRIOR YEAR FORM 990) 29,040. TOTAL TO FORM 990, PART XI, LINE 5: 3,886,691.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Explanation>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.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, SCHEDULE D, PART IX:</ReturnReference>
        <Explanation>THE ACADEMY ALSO HAS A 16% BENEFICIAL INTEREST IN THE PARKER RANCH FOUNDATION TRUST. THE ACADEMY HAS NOT RECORDED AN ASSET AND RELATED CONTRIBUTION REVENUE FOR ITS BENEFICIAL INTEREST IN THIS TRUST BECAUSE MANAGEMENT BELIEVES THAT THE FAIR VALUE OF THE TRUST IS NOT DETERMINABLE. ACCORDING TO ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA, THE FAIR VALUE OF THE CONTRIBUTION SHOULD BE MEASURED BY USING A VALUATION TECHNIQUE SUCH AS THE PRESENT VALUE OF THE EXPECTED FUTURE CASH RECEIPTS FROM THE TRUST'S ASSETS. DISTRIBUTIONS FROM THE TRUST IN PRIOR YEARS HAVE BEEN INCONSISTENT IN AMOUNTS. ACCORDINGLY, MANAGEMENT DOES NOT BELIEVE THAT IT IS FEASIBLE TO CALCULATE THE PRESENT VALUE OF EXPECTED CASH FLOWS FROM THE TRUST. ALTHOUGH THE TRUST HAS REPORTED FAIR VALUE INFORMATION ABOUT ITS ASSETS IN THE PAST, MANAGEMENT IS AWARE THAT A SIGNIFICANT PORTION OF THE ASSETS IS UNDEVELOPED LAND, AND THUS, IS UNCERTAIN AS TO THE CASH FLOWS FROM SUCH LAND. INCOME FROM THE TRUST IS CLASSIFIED AS UNRESTRICTED INVESTMENT INCOME.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART III, LINE 1:</ReturnReference>
        <Explanation>HTTP://WWW.HPA.EDU/ABOUT ABOUT HPA: 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 SIX 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. GEOGRAPHICAL REPRESENTATION: HPA ENROLLS BOARDING STUDENTS FROM ALL OVER THE WORLD. IN 2009-2010, OUR STUDENTS CAME FROM THE HAWAIIAN ISLANDS, 14 OTHER STATES AND U.S. TERRITORIES, AND 19 OTHER COUNTRIES. ENROLLMENT: THERE ARE 350 STUDENTS AT THE UPPER SCHOOL - HALF BOARDERS AND HALF DAY STUDENTS - WITH VIRTUAL PARITY IN THE NUMBER OF BOYS AND GIRLS. CLASS SIZES AT THE UPPER SCHOOL RANGE FROM 6 TO 20 STUDENTS, AVERAGING 13 STUDENTS PER CLASS. GRADES K-8 AT THE VILLAGE CAMPUS COMPRISE 250 STUDENTS, WITH AN AVERAGE CLASS SIZE OF 17. THE ACADEMIC DAY: UPPER SCHOOL STUDENTS ATTEND CLASS MONDAY THROUGH FRIDAY FROM 8 A.M. TO 2:45 P.M.. STUDENTS IN GRADES 6-8 ATTEND CLASS FROM 7:50 A.M. TO 3:10 P.M. AND K-5 FROM 7:55 A.M. TO 2:45 P.M., MONDAY THROUGH FRIDAY. FACULTY: HPA HAS 65 TEACHERS, WITH TWO-THIRDS HOLDING GRADUATE DEGREES. THE AVERAGE TENURE IS 10 YEARS. 32 FACULTY AND ADMINISTRATORS LIVE IN CAMPUS HOUSING AND SUPPORT THE RESIDENTIAL PROGRAMS. COLLEGE COUNSELING: THE COLLEGE COUNSELING PROGRAM AT HPA IS HIGHLY INDIVIDUALIZED TO ADDRESS THE NEEDS OF EACH STUDENT. COLLEGE COUNSELORS MEET WITH FRESHMEN AND SOPHMORES IN GROUPS, AND WITH JUNIORS AND SENIORS INDIVIDUALLY, TO DISCUSS COLLEGE ADMISSION AND TO HELP STUDENTS AND PARENTS CHOOSE COLLEGES THAT WILL OFFER THE STUDENT THE BEST POSSIBLE ACADEMIC AND PERSONAL GROWTH. THE COLLEGE COUNSELING CENTER CONTAINS CURRENT PRINTED, COMPUTER, AND VIDEO MATERIALS FOR STUDENTS TO RESEARCH UNIVERSITIES OF INTEREST. EACH YEAR, HPA GRADUATES ATTEND SOME OF THE MOST SELECTIVE UNIVERSITIES IN THE UNITED STATES, INCLUDING STANFORD, YALE, MIT, CORNELL, WELLESLEY, AND MORE, AS WELL AS PUBLIC UNIVERSITIES ON THE U.S. MAINLAND AND INTERNATIONAL COLLEGES. SPORTS AND ACTIVITIES: EACH WEEK, ALL UPPER SCHOOL STUDENTS PARTICIPATE IN VARSITY SPORTS AND OTHER CO-CURRICULAR ACTIVITIES FOR A TWO HOUR DAILY ACTIVITY PERIOD AFTER SCHOOL. ADVANCED PLACEMENT PREPARATION: HPA OFFERS STUDENTS ADVANCED PLACEMENT COURSES IN ART HISTORY, BIOLOGY, CALCULUS AB AND BC, CHEMISTRY, ENGLISH LANGUAGE AND COMPOSITION, ENVIRONMENTAL SCIENCE, LITERATURE AND COMPOSITION, FRENCH, JAPANESE, PHYSICS B &amp; C, PSYCHOLOGY, SPANISH, STATISTICS, STUDIO ART, U.S. HISTORY AND WORLD HISTORY. TECHNOLOGY: UPPER SCHOOL STUDENTS USE THREE COMPUTER LABORATORIES THAT HOUSE OVER 100 MACINTOSH AND PC COMPUTERS. THE UPPER CAMPUS IS FULLY NETWORKED WITH FIBER OPTIC, CAT5, AND WIRELESS INFRASTRUCTURE. A FILTERED DS 3 (45 MBPS) AND 8 MBSP BACKUP INTERNET CONNECTION IS PROVIDED IN ALL CLASSROOMS AND IN ALL UPPER SCHOOL DORM ROOMS. AT THE VILLAGE CAMPUS, TWO COMPUTER LABS FEATURE MACINTOSH SYSTEMS AND THE LYNN TAYLOR LIBRARY ALSO HAS A BANK OF COMPUTERS USED FOR RESEARCH AND CLASS PROJECTS. MIDDLE SCHOOL BOARDERS HAVE INTERNET ACCESS IN THEIR DORM ROOMS AND THEY ALSO HAVE ACCESS TO THE COMPUTER LABS AFTER SCHOOL. HPA PROVIDES A VARIETY OF SOFTWARE, INCLUDING THE MICROSOFT OFFICE SUITE, GRAPHIC ARTS, BROWSERS, AND E-MAIL, AND DIGITAL MEDIA CLASSES ARE AVAILABLE TO STUDENTS ON BOTH CAMPUSES.</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
    <IRS990ScheduleR documentId="RetDoc1043400001">
      <Form990ScheduleRPartII>
        <NameOfDisregardedEntity>
          <BusinessNameLine1>HAWAII PREPARATORY ACADEMY ALUMNI ASSOCIATION INC</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>65-1692 KOHALA MOUNTAIN ROAD</AddressLine1>
          <City>KAMUELA</City>
          <State>HI</State>
          <ZIPCode>96743</ZIPCode>
        </AddressUS>
        <EIN>990225471</EIN>
        <PrimaryActivities>SUPPORT HAWAII PREPARATORY ACADEMY</PrimaryActivities>
        <LegalDomicileState>HI</LegalDomicileState>
        <ExemptCodeSection>501(C)(3)</ExemptCodeSection>
        <PublicCharityStatus>LINE 11</PublicCharityStatus>
        <DirectControllingEntityNA>N/A</DirectControllingEntityNA>
        <ControlledOrg>0</ControlledOrg>
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      <Form990ScheduleRPartII>
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        </NameOfDisregardedEntity>
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          <AddressLine1>65-1692 KOHALA MOUNTAIN ROAD</AddressLine1>
          <City>KAMUELA</City>
          <State>HI</State>
          <ZIPCode>96743</ZIPCode>
        </AddressUS>
        <EIN>237105675</EIN>
        <PrimaryActivities>SUPPORT HAWAII PREPARATORY ACADEMY</PrimaryActivities>
        <LegalDomicileState>HI</LegalDomicileState>
        <ExemptCodeSection>501(C)(3)</ExemptCodeSection>
        <PublicCharityStatus>LINE 11</PublicCharityStatus>
        <DirectControllingEntityNA>N/A</DirectControllingEntityNA>
        <ControlledOrg>0</ControlledOrg>
      </Form990ScheduleRPartII>
      <Form990ScheduleRPartII>
        <NameOfDisregardedEntity>
          <BusinessNameLine1>PARKER RANCH FOUNDATION TRUST</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>66-1304 MAMALAHOA HIGHWAY</AddressLine1>
          <City>KAMUELA</City>
          <State>HI</State>
          <ZIPCode>96743</ZIPCode>
        </AddressUS>
        <EIN>996064620</EIN>
        <PrimaryActivities>SUPPORT HAWAII PREPARATORY ACADEMY AND OTHER HAWAII ORGANIZATIONS</PrimaryActivities>
        <LegalDomicileState>HI</LegalDomicileState>
        <ExemptCodeSection>501(C)(3)</ExemptCodeSection>
        <PublicCharityStatus>LINE 11 - TYPE 1</PublicCharityStatus>
        <DirectControllingEntityNA>N/A</DirectControllingEntityNA>
        <ControlledOrg>0</ControlledOrg>
      </Form990ScheduleRPartII>
      <ReceiptOfIntAnnRentsRoyalties>0</ReceiptOfIntAnnRentsRoyalties>
      <GiftGrantOrCapContrToOtherOrg>0</GiftGrantOrCapContrToOtherOrg>
      <GiftGrantOrCapContrFrOtherOrg>1</GiftGrantOrCapContrFrOtherOrg>
      <LoansOrGuaranteesToOtherOrg>0</LoansOrGuaranteesToOtherOrg>
      <LoansOrGuaranteesFromOtherOrg>0</LoansOrGuaranteesFromOtherOrg>
      <SaleOfAssetsToOtherOrg>0</SaleOfAssetsToOtherOrg>
      <PurchaseOfAssetsFromOtherOrg>0</PurchaseOfAssetsFromOtherOrg>
      <ExchangeOfAssets>0</ExchangeOfAssets>
      <RentalOfFacilitiesToOtherOrgs>0</RentalOfFacilitiesToOtherOrgs>
      <RentalOfFacilitiesFrOtherOrgs>0</RentalOfFacilitiesFrOtherOrgs>
      <PerformOfServicesForOtherOrgs>0</PerformOfServicesForOtherOrgs>
      <PerformOfServicesByOtherOrgs>0</PerformOfServicesByOtherOrgs>
      <SharingOfFacilities>0</SharingOfFacilities>
      <SharingOfPaidEmployees>0</SharingOfPaidEmployees>
      <ReimbursementPaidToOtherOrg>0</ReimbursementPaidToOtherOrg>
      <ReimbursementPaidByOtherOrg>0</ReimbursementPaidByOtherOrg>
      <OtherTransferToOtherOrg>0</OtherTransferToOtherOrg>
      <OtherTransferFromOtherOrg>0</OtherTransferFromOtherOrg>
      <TransactionsRelatedOrgsTable>
        <NameOfOtherOrganization>
          <BusinessNameLine1>HAWAII PREPARATORY ACADEMY ALUMNI ASSOCIATION INC</BusinessNameLine1>
        </NameOfOtherOrganization>
        <TransactionType>C</TransactionType>
        <AmountInvolved>4000</AmountInvolved>
        <MethodOfAmtDetermination>CASH</MethodOfAmtDetermination>
      </TransactionsRelatedOrgsTable>
      <TransactionsRelatedOrgsTable>
        <NameOfOtherOrganization>
          <BusinessNameLine1>HAWAII PREPARATORY ACADEMY PARENTS ASSOCIATION INC</BusinessNameLine1>
        </NameOfOtherOrganization>
        <TransactionType>C</TransactionType>
        <AmountInvolved>3260</AmountInvolved>
        <MethodOfAmtDetermination>CASH</MethodOfAmtDetermination>
      </TransactionsRelatedOrgsTable>
      <TransactionsRelatedOrgsTable>
        <NameOfOtherOrganization>
          <BusinessNameLine1>PARKER RANCH FOUNDATION TRUST</BusinessNameLine1>
        </NameOfOtherOrganization>
        <TransactionType>C</TransactionType>
        <AmountInvolved>512000</AmountInvolved>
        <MethodOfAmtDetermination>CASH</MethodOfAmtDetermination>
      </TransactionsRelatedOrgsTable>
    </IRS990ScheduleR>
  </ReturnData>
</Return>