2011-03-14T15:22:52-05:00 2010-07-31 PKF PACIFIC HAWAII LLP 1132 BISHOP STREET SUITE 2500 HONOLULU HI 96813 990 2009-08-01 990073514 Mid-Pacific Institute MID- 8089735000 2445 Kaala Street Honolulu HI 96822 PATRICK GARVEY 8089735000 2011-03-09 1 Deneen Nakashima 8085360066 2009 2016-02-24 21:20:13Z PATRICK GARVEY 2445 KAALA STREET HONOLULU HI 96822 44852220 0 X WWW.MIDPAC.EDU X 1908 HI TO PREPARE THE STUDENTS FOR HIGHER EDUCATION AND LIFE IN A CONSTANTLY CHANGING WORLD. 23 23 592 1250 -13095 -13095 1194446 924903 26271810 27146902 -226650 464215 684278 601348 27923884 29137368 2943862 3511458 0 16567975 17020503 26191 517423 7255541 7116603 26767378 27674755 1156506 1462613 70836996 72685800 30049214 30038433 40787782 42647367 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 22466912 3511458 27146902 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. 22466912 1 1 0 0 0 0 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 1 0 0 0 0 0 0 0 0 1 80 0 592 1 1 1 0 0 0 1 1 1 1 0 0 1 0 0 0 23 23 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 JAMES KOMETANI X 0 0 0 KENNETH KUPCHACK ESQUIRE X 0 0 0 GAYLORD WILCOX X 0 0 0 DICKSON LEE ESQUIRE X 0 0 0 NORMAN CHONG X 0 0 0 DENIS ISONO X 0 0 0 MOHSEN AGSEN X 0 0 0 FRANK ATHERTON X 0 0 0 JAMES BELL X 0 0 0 REVEREND DR CHARLES BUC X 0 0 0 GEORGE BUCK X 0 0 0 MELVYN CHOY X 0 0 0 ROBERT CROWELL X 0 0 0 HOLLY GORENCE X 0 0 0 SANDRA HARTLEY X 0 0 0 KENNETH KOBATAKE X 0 0 0 KEITH OGATA X 0 0 0 DIANE ONO ESQUIRE X 0 0 0 WALTER OZAWA X 0 0 0 SUSANNE PEARCE X 0 0 0 STEVEN TERUYA X 0 0 0 MICHAEL WOOD X 0 0 0 ALBERT YAMADA X 0 0 0 CF DAMON JR ESQUIRE X 0 0 0 EMILY FUJII X 0 0 0 DONALD HORNER X 0 0 0 DONALD KIM X 0 0 0 BERT KOBAYASHI X 0 0 0 FRANK WATASE X 0 0 0 JOE RICE 50.00 X 239963 0 36896 PATRICK GARVEY 50.00 X 170795 1020 27531 KRISTY TONG 50.00 X 124438 0 20009 RICHARD SCHAFFER 50.00 X 153340 0 17446 JOHN WILLIAMSON 50.00 X 117102 0 8364 EDNA HUSSEY 50.00 X 109231 0 21912 DR DWAYNE PRIESTER 50.00 X 105436 0 10428 GRACE CRUZ 50.00 X 104267 0 4930 1124572 1020 147516 8 0 1 0 S&M SAKAMOTO INC 96-1385 WAIHONA STREET PEARL CITY HI 96782 CONSTRUCTION SERVICES RENOVATE AAUDITORI 789713 TRANE US INC 17760 ROWLAND STREET CITY OF INDUSTRY CA 91748 SERVICE, MAINTAIN, AND EXPAND CHILL WATE 382548 PRO SOUND & VIDEO 7401 LAUREL CANYON BLVD SUITE 29 NORTH HOLLYWOOD CA 91605 EQUIPMENT AND INSTALLATION SOUND AND VID 293094 WACKENHUT CORPORATION PO BOX 277469 ATLANTA GA 30384 SECURITY SERVICES 259209 EOH ENTERPRISES LLC 1000 BISHOP STREET 2ND FLOOR HONOLULU HI 96813 UPGRADE, INSTALL, MAINTAIN NETWORK AND T 207587 5 9775 61578 853550 59858 924903 TUITION & FEES 611710 25210211 25210211 AUXILIARY & STUDENT FE 611710 1796583 1796583 SUNDRY 900099 140108 140108 27146902 189575 189575 172995 47880 125115 125115 -13095 138210 15381444 15106804 274640 274640 274640 720988 61578 481156 239832 239832 106237 79012 27225 27225 MISCELLANEOUS 611110 209176 209176 209176 29137368 0 -13095 28225560 3511458 3511458 1040666 433999 408613 198054 12424073 10303343 1979829 140901 906112 747129 143564 15419 1653254 1363180 261940 28134 996398 821573 157869 16956 52338 52338 85338 85338 26191 26191 29221 29221 133578 116833 16745 100903 100903 968203 582367 316567 69269 206345 185179 16136 5030 2485 2485 1294974 1289558 5416 146977 128212 18765 73265 58276 14254 735 680346 680346 1724450 1851514 -127064 118972 68573 48255 2144 OUTSIDE SERVICES 425275 85749 332934 6592 NON-CAPITALIZED EQUIPME 215239 189470 25690 79 PROGRAM/BUSINESS FEES 147709 145159 2550 0 MEALS & ENTERTAINMENT 141574 64936 70912 5726 SUBSTITUTE/TEMPORARY LA 113684 113684 0 0 455727 303332 150202 2193 27674755 22466912 4690420 517423 4036493 4047975 8147553 9751428 51566 19504 16571 12190 68095 84677 1415727 1562426 66402613 23776936 40958987 42625677 16142004 14551923 0 30000 70836996 72685800 2268736 2402850 10289139 10711709 14450494 14157266 701369 689084 2339476 2077524 30049214 30038433 X 35728441 37079798 319428 624352 4739913 4943217 40787782 42647367 70836996 72685800 X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 9333177 238129 901334 -141156 10331484 0.46390 0.47600 0.06010 0 0 3815576 3815576 53527315 15923454 37603861 7817374 6664708 1152666 1242348 1188774 53574 42625677 CASH AND MONEY MARKET 9499579 F COMMON STOCKS 199004 F MUTUAL FUNDS 260418 F INVESTMENT IN THE COMMON FUND 4592922 F 14551923 Deposits Held for Others 399841 Capital Lease Obligation 1677683 2077524 29137368 27674755 1462613 423519 -26547 396972 1859585 27359666 423520 423520 26936146 2201222 2201222 29137368 25500081 130623 130623 25369458 2305297 2305297 27674755 SCHEDULE D, PART XI, LINE 8 RECONCILIATION OF CHANGE IN NET ASSETS: NET DIFFERENCE BETWEEN INCOME/EXPENSES REPORTED ON F/S AND INCOME EXPENSES REPORTED ON TAX RETURN (26,547) SCHEDULE D, PART XII, LINE 4b REVENUE RECONCILIATION: INTEREST EXPENSE ANNUITY 26,327 FINANCIAL AID GRANTS AND AWARDS 2,295,533 RENTAL EXPENSE (47,880) COGS (79,012) CHANGE IN REMAINDER VALUE (3,494) BANK FEES 8,211 SPECIAL EVENTS 1,536 MISCELLANEOUS 1 EXPENSE RECONCILIATION: SCHEDULE D, PART XIII, LINE 2d SUBTRACTIONS FROM EXPENSE AMOUNT: CHANGE IN REMAINDER VALUE (3,494) BOOKSTORE COGS (79,012) RENTAL EXPENSE (47,880) INTEREST ANNUITY (237) SCHEDULE D, PART XIII, LINE 4b ADDITIONS TO EXPENSE AMOUNT: TUITION 2,295,533 SPECIAL EVENTS 1,536 BANK FEES INCL IN SCHOOL ENDOW GAIN/LOSS 8,211 MISCELLANEOUS 17 SCHEDULE D, PART X FIN 48 EXPLANATION IN EVALUATING A TAX POSITION FOR RECOGNITION, THE SCHOOL JUDGEMENTALLY 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 SCHOOL'S FINANCIAL STATEMENTS AS THE LARGEST AMOUT OF TAX BENEFIT THAT, IN MANAGEMENT'S JUDGEMENT, IS GREATER THAN 50% LIKELY OF BEING REALIZED UPON ULTIMATE SETTLEMENT. 1 1 1 THE POLICY ON NONDISCRIMINATORY PRACTICES IS STATED IN THE OFFICIAL SCHOOL INFORMATION BROCHURE AND ALL ADVERTISEMENTS RUN FOR NEW APPLICANTS. 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 X 0 HI PCA GIFT CARDS 294810 138 294672 202 275695 MOON OVER MANOA 235576 33249 202327 4220 56915 1700 28533 3 252182 28192 223990 24783 300 78203 782568 61579 720989 4220 81900 2000 382431 470551 250438 1 FINANCIAL AID 348 2125783 TUITION WAIVERS 71 1153638 AWARDS 23 169750 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: GRANT MONITORING SCHEDULE I, PART I GRANS 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 221563 0 17500 0 900 0 24300 0 12596 0 276859 0 291243 0 PATRICK GARVEY 148687 1020 5000 0 17108 0 15621 0 11910 0 198326 1020 168377 0 RICHARD SCHAFFER 102965 0 0 0 50375 0 10529 0 6917 0 170786 0 136010 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 TWO SOCIAL CLUBS ARE TO PROVIDE VENUES FOR MEETINGS AND FUNCTIONS FOR SCHOOL RELATED GROUPS. DEPT OF BUDGET & FINANCE OF THE STATE OF HAWAII 990266961 419800GG6 2006-03-22 15085847 PLEASE SEE SCHEDULE O 0 0 15085847 964331 795372 13326144 2008 0 0 0 0 0 0 0 0 0 0.00000 0.00000 0.00000 1 0 0 0 0 0 0 X 5 59858 CURRENT MARKET VALUE 0 1 0 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 OVER SITE POWERS TO CONSIDER THE PROPOSED TRANSACTION OR ARRANGEMENT. THE COMMITTEE WILL DETERMINE WHETHER THE TRANSACTION IS IN MID PACIFIC INSTITUTES 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 SITE 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. SCHEDULE K PART I TAX-EXEMPT BOND PURPOSE THE BORROWER USED THE PROCEEDS OF THE BONDS TO REFINANCE A 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 A CENTRAL AIR CONDITIONING PLANT; AND (IV) REPAIRS AND IMPROVEMENTS TO EXISTING BUILDINGS AND INFRASTRUCTURE IN AND SURROUNDING THE QUADRANGLE AREA OF THE SCHOOL CAMPUS. PROCEEDS OF THE BONDS WERE ALSO USED TO PAY THE COSTS OF ISSUING THE BONDS, INCLUDING THE PREMIUM FOR THE BOND INSURANCE POLICY. FORM 990 PART VI, SECTION C DISCLOSURES, LINE 19 AVAILABILITY TO PUBLIC MID-PACIFIC INSTITUTE MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND/OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.