Liabilities / Assets
97th percentile
Higher debt load relative to assets than 97% of similar nonprofits.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
1.36x
Liabilities / Revenue
92nd percentile
Higher debt load relative to revenue than 92% of similar nonprofits.
Net Margin
14th percentile
Higher net margin than 14% of similar nonprofits.
Top Officer Pay
90th percentile
Higher top officer pay than 90% of similar nonprofits.
Top officer pay equals 10.7% of source-year revenue.
Asset Growth
63rd percentile
Faster asset growth than 63% of similar nonprofits.
Revenue Growth
34th percentile
Faster revenue growth than 34% of similar nonprofits.
Balance Sheet
Assets
Up$6,286,630
Up $379,215 (+6.4%) from 2021
Net Assets
Down-$2,294,519
Down $505,897 (-28%) from 2021
Liabilities
Up$8,581,149
Up $885,112 (+12%) from 2021
Revenue And Expenses
Revenue
Down$3,048,812
Down $128,479 (-4.0%) from 2021
Expenses
Up$3,554,709
Up $576,578 (+19%) from 2021
Net Income
Down-$505,897
Down $705,057 (-354%) from 2021
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2022 to Dec 31, 2022
- Signed
- Nov 13, 2023
- Return Version
- 2022v5.0
- Gross Receipts
- $3,048,812
Mission and Program Overview
Mission
SEE SCHEDULE O
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Land, Buildings, and Equipment, Net | $5,075,324 | $6,235,273 | ▲ $1,159,949 |
| Cash and Non-Interest-Bearing Accounts | $827,151 | $47,316 | ▼ $779,835 |
| Intangible Assets | $4,940 | $4,041 | ▼ $899 |
| Total Assets | $5,907,415 | $6,286,630 | ▲ $379,215 |
| Liabilities | |||
| Other Liabilities | $7,696,037 | $8,581,149 | ▲ $885,112 |
| Total Liabilities | $7,696,037 | $8,581,149 | ▲ $885,112 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $-1,788,622 | $-2,294,519 | ▼ $505,897 |
| Total Net Assets Fund Balance | $-1,788,622 | $-2,294,519 | ▼ $505,897 |
| Total Liabilities and Net Assets / Fund Balance | $5,907,415 | $6,286,630 | ▲ $379,215 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Other Land Buildings | $3,320,726 | $550,035 | $3,870,761 |
| Buildings | $1,586,763 | $412,174 | $1,998,937 |
| Land | $1,327,784 | - | $1,327,784 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Total |
|---|---|---|---|---|
| Euysung Kim | President | FT | $325,250 | $325,250 |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $3,048,803
- Program Service Revenue
- $0
- Investment Income
- $9
- Other Revenue
- $0
- All Other Contributions
- $3,048,803
- Change in Net Assets
- $-505,897
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Salaries, Compensation, and Employee Benefits | $1,880,514 |
| Other Expenses | $1,674,195 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | $1,410,251 | - | - | $1,410,251 |
| All Other Expenses | $456,111 | - | - | $456,111 |
| Current Officers, Directors, Trustees, and Key Employees | - | $325,250 | - | $325,250 |
| Depreciation Depletion | $198,730 | - | - | $198,730 |
| Other Expenses | $154,692 | - | - | $154,692 |
| Payroll Taxes | $145,013 | - | - | $145,013 |
| Fees for Services Accounting | - | $15,000 | - | $15,000 |
| Total Functional Expenses | $3,214,459 | $340,250 | $0 | $3,554,709 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| 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
| Liability | Amount |
|---|---|
| Loan Payable | $5,151,420 |
| Loan Payable - New Pacific | $3,380,000 |
| Payroll Taxes Payable | $45,777 |
| Pension Payable | $3,952 |
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 35% controlled entity
- 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
- President
- Phone
- 7146864942
- Signed
- 2023-11-13
- Discuss with paid preparer
- Yes
Organization Details
- Principal Officer
- Euysung Kim
- Formed
- 2008
- Legal Domicile
- CA
- Voting Board Members
- 5
- Independent Board Members
- 0
- Employees
- 51
Preparer
- Firm
- Han & Associates Cpas Inc
- Address
- 810 ROOSEVELT, IRVINE, CA 92620-3663
- Preparer
- David 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
“Marketing 117,716 0 0 academic expenses 100,842 0 0 outside expenses 48,400 0 0 auto expenses 46,534 0 0 afterschool activity 40,706 0 0 travel expenses 39,415 0 0 faculty expenses 27,948 0 0 restaurant expenses 19,367 0 0 health office expenses 12,783 0 0 moving expenses 2,400 0 0 total 456,111 0 0”
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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/ExplanationTxt | 0 | < 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/ExplanationTxt | 1 | <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/ExplanationTxt | 2 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | 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 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | 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 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | UPON REQUEST |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | MARKETING 117,716 0 0 ACADEMIC EXPENSES 100,842 0 0 OUTSIDE EXPENSES 48,400 0 0 AUTO EXPENSES 46,534 0 0 AFTERSCHOOL ACTIVITY 40,706 0 0 TRAVEL EXPENSES 39,415 0 0 FACULTY EXPENSES 27,948 0 0 RESTAURANT EXPENSES 19,367 0 0 HEALTH OFFICE EXPENSES 12,783 0 0 MOVING EXPENSES 2,400 0 0 TOTAL 456,111 0 0 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PART III |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PAGE 6, PART VI, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PAGE 6, PART VI, LINE 15A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PAGE 6, PART VI, LINE 15B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990, PAGE 6, PART VI, LINE 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | FORM 990, PART IX, LINE 24E |
| IRS990/SchoolOperatingInd | 0 | true |
| IRS990/SignificantChangeInd | 0 | false |
| IRS990/SignificantNewProgramSrvcInd | 0 | false |
| IRS990/StatesWhereCopyOfReturnIsFldCd | 0 | CA |
| IRS990/SubjectToExcsTaxNetInvstIncInd | 0 | false |
| IRS990/SubjectToProxyTaxInd | 0 | false |
| IRS990/SubjToTaxRmnrtnExPrchtPymtInd | 0 | false |
| IRS990/TaxablePartyNotificationInd | 0 | false |
| IRS990/TaxExemptBondsInd | 0 | false |
| IRS990/TerminateOperationsInd | 0 | false |
| IRS990/TotalAssetsBOYAmt | 0 | 5907415 |
| IRS990/TotalAssetsEOYAmt | 0 | 6286630 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 5907415 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 6286630 |
| IRS990/TotalCompGreaterThan150KInd | 0 | true |
| IRS990/TotalContributionsAmt | 0 | 3048803 |
| IRS990/TotalEmployeeCnt | 0 | 51 |
| IRS990/TotalFunctionalExpensesGrp/FundraisingAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 340250 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 3214459 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 3554709 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 7696037 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 8581149 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 7696037 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 8581149 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | -1788622 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | -2294519 |
| IRS990/TotalProgramServiceExpensesAmt | 0 | 3214459 |
| IRS990/TotalReportableCompFromOrgAmt | 0 | 325250 |
| IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 9 |
| IRS990/TotalRevenueGrp/TotalRevenueColumnAmt | 0 | 3048812 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt | 0 | 5907415 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 6286630 |
| IRS990/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990/TypeOfOrganizationCorpInd | 0 | X |
| IRS990/UnrelatedBusIncmOverLimitInd | 0 | false |
| IRS990/UponRequestInd | 0 | X |
| IRS990/VotingMembersGoverningBodyCnt | 0 | 5 |
| IRS990/VotingMembersIndependentCnt | 0 | 0 |
| IRS990/WebsiteAddressTxt | 0 | N/A |
| IRS990/WhistleblowerPolicyInd | 0 | false |
| ReturnHeader/BuildTS | 0 | 2023-04-26 12:10:37Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | EUYSUNG KIM |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRESIDENT |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 7146864942 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2023-11-13 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | ASIA PACIFIC EDUCATIONAL FOUNDATION |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | ASIA |
| ReturnHeader/Filer/EIN | 0 | 263940271 |
| ReturnHeader/Filer/PhoneNum | 0 | 7146864942 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 54-230 KAMEHAMEHA HWY |
| ReturnHeader/Filer/USAddress/CityNm | 0 | HAUULA |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | HI |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 96717 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | false |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 842573640 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | HAN & ASSOCIATES CPAS INC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 810 ROOSEVELT |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | IRVINE |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | CA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 926203663 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 9497775577 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2023-11-13 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | DAVID HAN |
| ReturnHeader/ReturnTs | 0 | 2023-11-15T17:07:04-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990 |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm | 0 | EUYSUNG |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm | 0 | KIM |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2022-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2022-12-31 |
| ReturnHeader/TaxYr | 0 | 2022 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2022 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $6,286,630
- Liabilities
- $8,581,149
- Net assets
- -$2,294,519
- Revenue
- $3,048,812
- Expenses
- $3,554,709
- Net income
- -$505,897