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Nonprofiteer
← MAUI PREPARATORY ACADEMY FOUNDATION

Form 990 for tax year 2023

Filed by MAUI PREPARATORY ACADEMY FOUNDATION.

Totals

Total revenue
$2,056,779
Total expenses
$142,869
Contributions and grants received
$1,712,774
Grants paid
$0
Program service revenue
$344,005
Investment income
$0
Other revenue
$0
Total assets, end of year
$6,708,419
Total liabilities, end of year
$35,599
Net assets or fund balances, end of year
$6,672,820
Program services expenses (Part IX)
$100,008
Management and general expenses
$42,861
Fundraising expenses
$0
Program service expenses (Part III)
$100,008

Program services were 70.0% 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.

  • 1d · Related organizations

    $1,712,774

  • 2a · Program service revenue: PROGRAM SERVICE REVENUE

    total $344,005 · related or exempt $344,005

Functional expenses

Part IX, the statement of functional expenses.

  • 20 · Interest

    total $13,286 · program services $9,300 · management and general $3,986

  • 22 · Depreciation, depletion and amortization

    total $129,583 · program services $90,708 · management and general $38,875

Balance sheet

Part X, book values.

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

    $9,659,026

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

    $2,950,607

  • 10c · Land, buildings and equipment, net

    beginning of year $6,838,002 · end of year $6,708,419

  • 23 · Secured mortgages and notes payable

    beginning of year $2,043,493

  • 25 · Other liabilities

    beginning of year $35,599 · end of year $35,599

  • 27 · Net assets without donor restrictions

    beginning of year $218,910 · end of year $2,132,820

  • 28 · Net assets with donor restrictions

    beginning of year $4,540,000 · end of year $4,540,000

Mission and programs · 2023

Mission

MAUI PREPARATORY ACADEMY FOUNDATION HOLDS THE TITLE TO ALL LAND, BUILDINGS, AND LEASEHOLD IMPROVEMENTS USED, OR TO BE USED, BY MAUI PREPARATORY ACADEMY. THE FOUNDATION MANAGES AND MAKES AVAILABLE THE LAND AND BUILDINGS FOR EDUCATIONAL ACTIVITIES. IT ENGAGES IN FUNDRAISING FOR THE ACADEMY AND OVERSEES THE IMPLEMENTATION OF A "SCHOOL OF THE FUTURE- AND OTHER PROGRAM.

Activities or mission (Part I)

MAUI PREPARATORY ACADEMY FOUNDATION HOLDS THE TITLE TO ALL LAND, BUILDINGS, AND LEASEHOLD IMPROVEMENTS USED, OR TO BE USED, BY MAUI PREPARATORY ACADEMY.

  • THE FOUNDATION MANAGES AND MAKES AVAILABLE THE LAND AND BUILDINGS FOR EDUCATIONAL ACTIVITIES. IT ENGAGES IN FUNDRAISING FOR THE ACADEMY AND OVERSEES THE IMPLEMENTATION OF A "SCHOOL OF THE FUTURE- AND OTHER PROGRAMS.

    Expenses $100,008 · Revenue $344,005

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Nam Le Viet

    PRES/SECRETA

    Total calculated
    $0
    Hours/week
    5

  • Mark Merrill

    TREASURER

    Total calculated
    $0
    Hours/week
    5 + 10 related

  • Mary Anne Le Viet

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Tim Hehemann

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5 + 10 related

  • Scott Shoemaker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

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

No itemized grants to organizations on this return.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
8 March 2025
IRS schema version
2023v6.0
Source object
202500729349300225

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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