Civic Intelligence

Asia Pacific Educational Foundation

990 • Fiscal year 2015 • EIN 26-3940271

Jan 01, 2015 to Dec 31, 2015 • Filed on Aug 15, 2016

54-230 Kamehameha HwyHauula, HI 96717

(714) 686-4942

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

93rd percentile

1.10x

Higher debt load relative to assets than 93% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

99th percentile

20.19x

Higher debt load relative to revenue than 99% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

2nd percentile

-203%

Higher net margin than 2% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

77th percentile

$120,000

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 58.3% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

74th percentile

11%

Faster asset growth than 74% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

14th percentile

-20%

Faster revenue growth than 14% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Up

$3,775,712

Up $375,246 (+11%) from 2014

Net Assets

Down

-$380,373

Down $418,095 (-1108%) from 2014

Liabilities

Up

$4,156,085

Up $793,341 (+24%) from 2014

Revenue

Down

$205,850

Down $52,597 (-20%) from 2014

Expenses

Up

$623,945

Up $338,072 (+118%) from 2014

Net Income

Down

-$418,095

Down $390,669 (-1424%) from 2014

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$10M$5.0M$0-$5.0MAssets 2012: $41,946Liabilities 2012: $1,748Net Assets 2012: $40,1982012Assets 2013: $67,026Liabilities 2013: $1,878Net Assets 2013: $65,1482013Assets 2014: $3,400,466Liabilities 2014: $3,362,744Net Assets 2014: $37,7222014Assets 2015: $3,775,712Liabilities 2015: $4,156,085Net Assets 2015: -$380,3732015Assets 2016: $4,042,965Liabilities 2016: $4,697,208Net Assets 2016: -$654,2432016Assets 2017: $4,437,912Liabilities 2017: $5,806,782Net Assets 2017: -$1,368,8702017Assets 2018: $4,875,171Liabilities 2018: $7,612,716Net Assets 2018: -$2,737,5452018Assets 2019: $5,001,112Liabilities 2019: $7,887,550Net Assets 2019: -$2,886,4382019Assets 2020: $5,382,034Liabilities 2020: $7,369,816Net Assets 2020: -$1,987,7822020Assets 2021: $5,907,415Liabilities 2021: $7,696,037Net Assets 2021: -$1,788,6222021Assets 2022: $6,286,630Liabilities 2022: $8,581,149Net Assets 2022: -$2,294,5192022Assets 2023: $6,571,203Liabilities 2023: $9,177,771Net Assets 2023: -$2,606,5682023Assets 2024: $6,079,473Liabilities 2024: $8,819,684Net Assets 2024: -$2,740,2112024

Highlighted filing

2015

Assets$3,775,712
Liabilities$4,156,085
Net Assets-$380,373

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$2.0M$0-$2.0MRevenue 2012: $126,070Expenses 2012: $163,056Net Income 2012: -$36,9862012Revenue 2013: $145,158Expenses 2013: $120,208Net Income 2013: $24,9502013Revenue 2014: $258,447Expenses 2014: $285,873Net Income 2014: -$27,4262014Revenue 2015: $205,850Expenses 2015: $623,945Net Income 2015: -$418,0952015Revenue 2016: $1,027,970Expenses 2016: $1,301,840Net Income 2016: -$273,8702016Revenue 2017: $796,840Expenses 2017: $1,511,467Net Income 2017: -$714,6272017Revenue 2018: $1,631,452Expenses 2018: $3,000,127Net Income 2018: -$1,368,6752018Revenue 2019: $2,775,931Expenses 2019: $2,924,824Net Income 2019: -$148,8932019Revenue 2020: $3,633,421Expenses 2020: $2,734,765Net Income 2020: $898,6562020Revenue 2021: $3,177,291Expenses 2021: $2,978,131Net Income 2021: $199,1602021Revenue 2022: $3,048,812Expenses 2022: $3,554,709Net Income 2022: -$505,8972022Revenue 2023: $3,059,379Expenses 2023: $3,371,428Net Income 2023: -$312,0492023Revenue 2024: $3,863,320Expenses 2024: $3,996,963Net Income 2024: -$133,6432024

Highlighted filing

2015

Revenue$205,850
Expenses$623,945
Net Income-$418,095
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Aug 15, 2016
Return Version
2015v2.1
Gross Receipts
$205,850
Mission and Program Overview

Mission

SEE SCHEDULE O

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,324,585$3,730,342▲ $405,757
Cash and Non-Interest-Bearing Accounts$64,655$35,042▼ $29,613
Intangible Assets$11,226$10,328▼ $898
Total Assets$3,400,466$3,775,712▲ $375,246
Liabilities
Other Liabilities$3,362,744$4,156,085▲ $793,341
Total Liabilities$3,362,744$4,156,085▲ $793,341
Net Assets / Fund Balance
Unrestricted Net Assets$37,722$-380,373▼ $418,095
Total Net Assets Fund Balance$37,722$-380,373▼ $418,095
Total Liabilities and Net Assets / Fund Balance$3,400,466$3,775,712▲ $375,246

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,945,547$53,390$1,998,937
Land$1,327,784-$1,327,784
Other Land Buildings$457,011$489$457,500
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Euysung KimC.e.oFT$120,000$120,000

Board Members and Trustees

NameTitle
Chang Pyo WooC.f.o.
Haeeun Helen KimSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$205,850
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$205,850
Change in Net Assets
$-418,095
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$342,111
Other Expenses$281,834
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$193,412--$193,412
Current Officers, Directors, Trustees, and Key Employees$120,000--$120,000
All Other Expenses$75,097--$75,097
Depreciation Depletion$52,641--$52,641
Payroll Taxes$28,699--$28,699
Other Expenses$19,048--$19,048
Fees for Services Accounting-$3,492-$3,492
Total Functional Expenses$620,453$3,492$0$623,945
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Loan Payable - New Pacific$3,380,000
Loan Payable$697,587
Loan Payable - Officer$62,911
Payroll Taxes Payable$15,587
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The form 990 is sent to the board of directors at least one week prior to the board meeting for their review. It is then formally presented and discussed prior to board approval.

Form 990, Page 6, Part VI, Line 15A

Compensation is evaluated by using the annual salary survey generated by the center for non-profits. The officer wages are reviewed annually by the board of directors

Form 990, Page 6, Part VI, Line 15B

Compensation is evaluated by using the annual salary survey generated by the center for non-profits. The officer wages are reviewed annually by the board of directors

Form 990, Page 6, Part VI, Line 19

UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Asia Pacific Educational Foundation
EIN
26-3940271
Phone
7146864942
Address
54-230 KAMEHAMEHA HWY, HAUULA, HI 96717

Signing Officer

Name
Euysung Kim
Title
C.e.o
Phone
7146864942
Signed
2016-08-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Euysung Kim
Formed
2008
Legal Domicile
CA
Voting Board Members
2
Independent Board Members
0
Employees
15
Volunteers
1

Preparer

Firm
David Y Han CPA & Co Ac
Address
20 CORPORATE PARK STE 120, IRVINE, CA 92606-3109
Preparer
David Y Han
Phone
9497775577
Supplemental Narrative

Additional Explanations

Form 990

< primary exempt purpose> 1. Establish and/or adninister k-12 college preparatory schools in asia pacific region that offer an american/international curriculum to meet the educational and developmental needs of u.s. And expatriate students living abroad in asia pacific region. 2. Offer educational programs including special services and esl programs to enable host country nationals and students with limited english language abilities. 3. Provide purchasing support to access educational material and equipment. 4. Provide teacher and administrator resources. 5. Serve as an informational clearinghouse by providing with 1st publications, seminars, workshops, conferences and other forums.

Form 990, Part III

<part iii> 1. Establish and/or adninister k-12 college preparatory schools in asia pacific region that offer an american/international curriculum to meet the educational and developmental needs of u.s. And expatriate students living abroad in asia pacific region. 2. Offer educational programs including special services and esl programs to enable host country nationals and students with limited english language abilities. 3. Provide purchasing support to access educational material and equipment. 4. Provide teacher and administrator resources. 5. Serve as an informational clearinghouse by providing with 1st publications, seminars, workshops, conferences and other forums.

Form 990, Part IX, Line 24E

Auto expense 14,255 0 0 insurance 13,495 0 0 moving expense 13,380 0 0 licenses & taxes 6,747 0 0 educational materials 6,500 0 0 advertising expenses 4,557 0 0 meals 3,689 0 0 postage 3,093 0 0 rent 2,515 0 0 telephone 2,125 0 0 due & subscriptions 1,300 0 0 bank charges 985 0 0 pest control 675 0 0 credit card charges 560 0 0 travel expense 530 0 0 office 480 0 0 cleaning service 211 0 0

Raw XML Appendix301 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0< PRIMARY EXEMPT PURPOSE> 1. ESTABLISH AND/OR ADNINISTER K-12 COLLEGE PREPARATORY SCHOOLS IN ASIA PACIFIC REGION THAT OFFER AN AMERICAN/INTERNATIONAL CURRICULUM TO MEET THE EDUCATIONAL AND DEVELOPMENTAL NEEDS OF U.S. AND EXPATRIATE STUDENTS LIVING ABROAD IN ASIA PACIFIC REGION. 2. OFFER EDUCATIONAL PROGRAMS INCLUDING SPECIAL SERVICES AND ESL PROGRAMS TO ENABLE HOST COUNTRY NATIONALS AND STUDENTS WITH LIMITED ENGLISH LANGUAGE ABILITIES. 3. PROVIDE PURCHASING SUPPORT TO ACCESS EDUCATIONAL MATERIAL AND EQUIPMENT. 4. PROVIDE TEACHER AND ADMINISTRATOR RESOURCES. 5. SERVE AS AN INFORMATIONAL CLEARINGHOUSE BY PROVIDING WITH 1ST PUBLICATIONS, SEMINARS, WORKSHOPS, CONFERENCES AND OTHER FORUMS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1<PART III> 1. ESTABLISH AND/OR ADNINISTER K-12 COLLEGE PREPARATORY SCHOOLS IN ASIA PACIFIC REGION THAT OFFER AN AMERICAN/INTERNATIONAL CURRICULUM TO MEET THE EDUCATIONAL AND DEVELOPMENTAL NEEDS OF U.S. AND EXPATRIATE STUDENTS LIVING ABROAD IN ASIA PACIFIC REGION. 2. OFFER EDUCATIONAL PROGRAMS INCLUDING SPECIAL SERVICES AND ESL PROGRAMS TO ENABLE HOST COUNTRY NATIONALS AND STUDENTS WITH LIMITED ENGLISH LANGUAGE ABILITIES. 3. PROVIDE PURCHASING SUPPORT TO ACCESS EDUCATIONAL MATERIAL AND EQUIPMENT. 4. PROVIDE TEACHER AND ADMINISTRATOR RESOURCES. 5. SERVE AS AN INFORMATIONAL CLEARINGHOUSE BY PROVIDING WITH 1ST PUBLICATIONS, SEMINARS, WORKSHOPS, CONFERENCES AND OTHER FORUMS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORM 990 IS SENT TO THE BOARD OF DIRECTORS AT LEAST ONE WEEK PRIOR TO THE BOARD MEETING FOR THEIR REVIEW. IT IS THEN FORMALLY PRESENTED AND DISCUSSED PRIOR TO BOARD APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COMPENSATION IS EVALUATED BY USING THE ANNUAL SALARY SURVEY GENERATED BY THE CENTER FOR NON-PROFITS. THE OFFICER WAGES ARE REVIEWED ANNUALLY BY THE BOARD OF DIRECTORS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4COMPENSATION IS EVALUATED BY USING THE ANNUAL SALARY SURVEY GENERATED BY THE CENTER FOR NON-PROFITS. THE OFFICER WAGES ARE REVIEWED ANNUALLY BY THE BOARD OF DIRECTORS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6AUTO EXPENSE 14,255 0 0 INSURANCE 13,495 0 0 MOVING EXPENSE 13,380 0 0 LICENSES & TAXES 6,747 0 0 EDUCATIONAL MATERIALS 6,500 0 0 ADVERTISING EXPENSES 4,557 0 0 MEALS 3,689 0 0 POSTAGE 3,093 0 0 RENT 2,515 0 0 TELEPHONE 2,125 0 0 DUE & SUBSCRIPTIONS 1,300 0 0 BANK CHARGES 985 0 0 PEST CONTROL 675 0 0 CREDIT CARD CHARGES 560 0 0 TRAVEL EXPENSE 530 0 0 OFFICE 480 0 0 CLEANING SERVICE 211 0 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART IX, LINE 24E
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IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt03400466
IRS990/TotalAssetsEOYAmt03775712
IRS990/TotalAssetsGrp/BOYAmt03400466
IRS990/TotalAssetsGrp/EOYAmt03775712
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IRS990/TotalContributionsAmt0205850
IRS990/TotalEmployeeCnt015
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt03492
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0620453
IRS990/TotalFunctionalExpensesGrp/TotalAmt0623945
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03362744
IRS990/TotalLiabilitiesEOYAmt04156085
IRS990/TotalLiabilitiesGrp/BOYAmt03362744
IRS990/TotalLiabilitiesGrp/EOYAmt04156085
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt037722
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-380373
IRS990/TotalProgramServiceExpensesAmt0620453
IRS990/TotalReportableCompFromOrgAmt0120000
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0205850
IRS990/TotalVolunteersCnt01
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03400466
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03775712
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt037722
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-380373
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt02
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0EUYSUNG KIM
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0C.E.O
ReturnHeader/BusinessOfficerGrp/PhoneNum07146864942
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-08-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ASIA PACIFIC EDUCATIONAL FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0ASIA
ReturnHeader/Filer/EIN0263940271
ReturnHeader/Filer/PhoneNum07146864942
ReturnHeader/Filer/USAddress/AddressLine1Txt054-230 KAMEHAMEHA HWY
ReturnHeader/Filer/USAddress/CityNm0HAUULA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0HI
ReturnHeader/Filer/USAddress/ZIPCd096717
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0464722905
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0DAVID Y HAN CPA & CO AC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt020 CORPORATE PARK STE 120
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0IRVINE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0926063109
ReturnHeader/PreparerPersonGrp/PhoneNum09497775577
ReturnHeader/PreparerPersonGrp/PreparationDt02016-11-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DAVID Y HAN
ReturnHeader/ReturnTs02016-11-14T17:57:16-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

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