Totals
- Total revenue
- $14,553,755
- Total expenses
- $11,579,582
- Contributions and grants received
- $2,932,560
- Grants paid
- $1,378,287
- Program service revenue
- $11,113,944
- Investment income
- $288,640
- Other revenue
- $218,611
- Total assets, end of year
- $19,908,402
- Total liabilities, end of year
- $12,102,355
- Net assets or fund balances, end of year
- $7,806,047
- Program services expenses (Part IX)
- $8,641,174
- Management and general expenses
- $2,579,083
- Fundraising expenses
- $359,325
- Program service expenses (Part III)
- $8,641,174
Program services were 74.6% 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.
-
1c · Fundraising events
$27,235
-
1e · Government grants (contributions)
$2,435,190
-
1f · All other contributions, gifts and grants
$470,135
-
1g · Noncash contributions included above
$24,652
-
2a · Program service revenue: TUITION & FEES
total $10,484,166 · related or exempt $10,484,166
-
2b · Program service revenue: BEFORE/AFTER SCHOOL PROGRAMS
total $211,661 · related or exempt $211,661
-
2c · Program service revenue: SUMMER SCHOOL
total $161,426 · related or exempt $161,426
-
2d · Program service revenue: APPLICATION & OTHER FEES
total $141,346 · related or exempt $141,346
-
2e · Program service revenue: CLUB & OTHER FEES
total $115,345 · related or exempt $115,345
-
3 · Investment income
total $288,640 · excluded $288,640
-
8a · Fundraising events: gross income
$401,760
-
8a · Fundraising events: contributions included on line 1c
$27,235
-
8b · Fundraising events: direct expenses
$178,850
-
8c · Net income from fundraising events
total $222,910 · excluded $222,910
-
10a · Gross sales of inventory
$13,439
-
10b · Cost of goods sold
$17,738
-
10c · Net income from sales of inventory
total -$4,299 · related or exempt -$4,299
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $1,378,287 · program services $1,378,287
-
5 · Compensation of officers, directors and key employees
total $329,094 · management and general $329,094
-
7 · Other salaries and wages
total $5,543,793 · program services $4,271,475 · management and general $1,049,742 · fundraising $222,576
-
8 · Pension plan contributions
total $58,647 · program services $55,295 · management and general $3,043 · fundraising $309
-
9 · Other employee benefits
total $497,486 · program services $369,830 · management and general $105,637 · fundraising $22,019
-
10 · Payroll taxes
total $430,058 · program services $312,910 · management and general $99,746 · fundraising $17,402
-
11b · Fees: legal
total $17,949 · management and general $17,949
-
11c · Fees: accounting
total $80,736 · management and general $80,736
-
11f · Fees: investment management
total $22,439 · management and general $22,439
-
11g · Fees: other
total $371,245 · program services $371,245
-
12 · Advertising and promotion
total $101,425 · management and general $101,425
-
13 · Office expenses
total $210,496 · program services $80,922 · management and general $119,459 · fundraising $10,115
-
14 · Information technology
total $211,441 · program services $65,737 · management and general $145,704
-
16 · Occupancy
total $1,545,028 · program services $1,143,321 · management and general $339,906 · fundraising $61,801
-
19 · Conferences, conventions and meetings
total $15,377 · management and general $15,377
-
20 · Interest
total $21,314 · management and general $21,314
-
22 · Depreciation, depletion and amortization
total $268,500 · program services $198,690 · management and general $59,070 · fundraising $10,740
-
24a · Other expenses: STUDENT ACT & FIELD TRI
total $131,354 · program services $131,354
-
24b · Other expenses: INSTRUCTIONAL EXPENSES
total $113,938 · program services $113,938
-
24c · Other expenses: PROFESSIONAL DEVELOPMEN
total $67,481 · program services $21,425 · management and general $46,056
-
24d · Other expenses: ATHLETIC EXPENSES
total $55,136 · program services $55,136
-
24e · All other expenses
total $108,358 · program services $71,609 · management and general $22,386 · fundraising $14,363
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,586,019 · end of year $2,619,539
-
2 · Savings and temporary cash investments
beginning of year $36,916 · end of year $35,148
-
3 · Pledges and grants receivable
beginning of year $30,000 · end of year $20,000
-
4 · Accounts receivable
beginning of year -$535,854 · end of year $8,606,292
-
9 · Prepaid expenses and deferred charges
beginning of year $43,478 · end of year $104,184
-
10a · Land, buildings and equipment: cost or other basis
$6,606,520
-
10b · Land, buildings and equipment: accumulated depreciation
$3,769,822
-
10c · Land, buildings and equipment, net
beginning of year $720,996 · end of year $2,836,698
-
11 · Investments: publicly traded securities
beginning of year $2,285,596 · end of year $5,684,970
-
15 · Other assets
beginning of year $1,301,482 · end of year $1,571
-
17 · Accounts payable and accrued expenses
beginning of year $171,515 · end of year $530,385
-
19 · Deferred revenue
beginning of year $887,449 · end of year $10,629,152
-
23 · Secured mortgages and notes payable
beginning of year $473,489 · end of year $395,915
-
25 · Other liabilities
beginning of year $120,898 · end of year $546,903
-
27 · Net assets without donor restrictions
beginning of year $4,323,338 · end of year $7,643,138
-
28 · Net assets with donor restrictions
beginning of year $491,944 · end of year $162,909
Mission and programs · 2022
Mission
SEE SCHEDULE O.
Activities or mission (Part I)
ISLAND PACIFIC ACADEMY (IPA) IS A K-12 INDEPENDENT, COED, COLLEGE PREPARATORY SCHOOL
-
PROVIDE A LEARNING ENVIRONMENT CONDUCIVE TO ACADEMIC SUCCESS FOR APPROXIMATELY 560 CHILDREN IN PRE-KINDERGARTEN THROUGH THE TWELFTH GRADE.
Expenses $8,641,174 · Grants $1,378,287 · Revenue $11,109,645
As filed on the 2022 return.
Listed in Part VII
-
Martha CamachoMARTHA CAMACHO
PRESIDENT
- Total calculated
- $0
- Hours/week
- 0.5
-
Del MochizukiDEL MOCHIZUKI
TREASURER
- Total calculated
- $0
- Hours/week
- 0.5
-
Cayenne PE'ACAYENNE PE'A
SECRETARY
- Total calculated
- $0
- Hours/week
- 0.5
-
Teddi AndersonTEDDI ANDERSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
James MalinsJAMES MALINS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Keith OgataKEITH OGATA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Leon RichardsLEON RICHARDS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Mike RompelMIKE ROMPEL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Eric SeitzERIC SEITZ
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Kimberly UehisaKIMBERLY UEHISA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Lance WilhelmLANCE WILHELM
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Peter YoungPETER YOUNG
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Gerald TeramaeGERALD TERAMAE
HEAD OF SCHOOL
- Total calculated
- $215,086
- From this org
- $211,851
- From related orgs
- $0
- Other
- $3,235
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $210,750
- Bonus
- $1,101
- Other
- $0
- Deferred
- $3,190
- Nontaxable benefits
- $45
- Filer's total
- $215,086
-
Sharon YoshidaSHARON YOSHIDA
DIRECTOR OF FINANCE
- Total calculated
- $110,715
- From this org
- $102,370
- From related orgs
- $0
- Other
- $8,345
- Hours/week
- 40
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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Written employment contract
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 7 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202431289349303548
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