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← INNOVATIONS PUBLIC CHARTER SCHOOL FOUNDATION

Form 990 for tax year 2022

Filed by INNOVATIONS PUBLIC CHARTER SCHOOL FOUNDATION.

Totals

Total revenue
$655,561
Total expenses
$341,475
Contributions and grants received
$150,122
Grants paid
$15,000
Program service revenue
$480,000
Investment income
$25,439
Other revenue
$0
Total assets, end of year
$7,605,844
Total liabilities, end of year
$3,938,572
Net assets or fund balances, end of year
$3,667,272
Program services expenses (Part IX)
$341,475
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$341,475

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $144,454

  • 1f · All other contributions, gifts and grants

    $5,668

  • 2a · Program service revenue: RENTAL INCOME

    total $480,000 · related or exempt $480,000

  • 3 · Investment income

    total $25,439 · excluded $25,439

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $15,000 · program services $15,000

  • 11c · Fees: accounting

    total $14,550 · program services $14,550

  • 11g · Fees: other

    total $3,351 · program services $3,351

  • 20 · Interest

    total $136,878 · program services $136,878

  • 22 · Depreciation, depletion and amortization

    total $154,285 · program services $154,285

  • 23 · Insurance

    total $17,043 · program services $17,043

  • 24a · Other expenses: OTHER EXPENSE

    total $218 · program services $218

  • 24b · Other expenses: BANK FEES

    total $150 · program services $150

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $358,209 · end of year $13,931

  • 2 · Savings and temporary cash investments

    beginning of year $1,773,996 · end of year $2,150,990

  • 4 · Accounts receivable

    beginning of year $49,924 · end of year $25,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,387 · end of year $3,073

  • 10a · Land, buildings and equipment: cost or other basis

    $7,058,514

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,792,181

  • 10c · Land, buildings and equipment, net

    beginning of year $5,058,899 · end of year $5,266,333

  • 15 · Other assets

    beginning of year $99,258 · end of year $146,517

  • 17 · Accounts payable and accrued expenses

    beginning of year $11,800 · end of year $17,340

  • 23 · Secured mortgages and notes payable

    beginning of year $4,005,380 · end of year $3,921,232

  • 27 · Net assets without donor restrictions

    beginning of year $3,325,493 · end of year $3,667,272

Mission and programs · 2022

Mission

TO PROVIDE FACILITIES, RAISE FUNDS FOR CAPITAL CAMPAIGNS, SEEK CONTRIBUTIONS AND PRESERVE THE ENDOWMENT FOR INNOVATIONS PUBLIC CHARTER SCHOOL.

  • TO PROVIDE FACILITIES, RAISE FUNDS FOR CAPITAL CAMPAIGNS, SEEK CONTRIBUTIONS AND PRESERVE THE ENDOWMENT FOR INNOVATIONS PUBLIC CHARTER SCHOOL.

    Expenses $341,475 · Grants $15,000 · Revenue $480,000

As filed on the 2022 return.

Listed in Part VII

  • Kiley Nakagawa

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • William Wong

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Schel Reyes

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Ed Rapoza

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Rebecca Morton

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Kimberly Yamasaki

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Christina Collins

    MEMBER

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

  • INNOVATIONS PUBLIC CHARTER SCHOOL

    $15,000

    SUPPORT

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • INNOVATIONS PUBLIC CHARTER SCHOOL

    SCHOOL · HI

Provenance

Return type
form_990
Tax year
2022
Filed
27 March 2024
IRS schema version
2022v5.0
Source object
202401089349300835

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