Liabilities / Assets
98th percentile
Higher debt load relative to assets than 98% of similar nonprofits.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
1.40x
Liabilities / Revenue
93rd percentile
Higher debt load relative to revenue than 93% of similar nonprofits.
Net Margin
21st percentile
Higher net margin than 21% of similar nonprofits.
Top Officer Pay
87th percentile
Higher top officer pay than 87% of similar nonprofits.
Top officer pay equals 9.3% of source-year revenue.
Asset Growth
47th percentile
Faster asset growth than 47% of similar nonprofits.
Revenue Growth
39th percentile
Faster revenue growth than 39% of similar nonprofits.
Balance Sheet
Assets
Up$6,571,203
Up $284,573 (+4.5%) from 2022
Net Assets
Down-$2,606,568
Down $312,049 (-14%) from 2022
Liabilities
Up$9,177,771
Up $596,622 (+7.0%) from 2022
Revenue And Expenses
Revenue
Up$3,059,379
Up $10,567 (+0.3%) from 2022
Expenses
Down$3,371,428
Down $183,281 (-5.2%) from 2022
Net Income
Up-$312,049
Up $193,848 (+38%) from 2022
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2023 to Dec 31, 2023
- Signed
- Nov 13, 2024
- Return Version
- 2023v5.0
- Gross Receipts
- $3,059,379
Mission and Program Overview
Mission
SEE SCHEDULE O
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Land, Buildings, and Equipment, Net | $6,235,273 | $6,073,205 | ▼ $162,068 |
| Cash and Non-Interest-Bearing Accounts | $47,316 | $494,855 | ▲ $447,539 |
| Intangible Assets | $4,041 | $3,143 | ▼ $898 |
| Total Assets | $6,286,630 | $6,571,203 | ▲ $284,573 |
| Liabilities | |||
| Other Liabilities | $8,581,149 | $9,177,771 | ▲ $596,622 |
| Total Liabilities | $8,581,149 | $9,177,771 | ▲ $596,622 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $-2,294,519 | $-2,606,568 | ▼ $312,049 |
| Total Net Assets Fund Balance | $-2,294,519 | $-2,606,568 | ▼ $312,049 |
| Total Liabilities and Net Assets / Fund Balance | $6,286,630 | $6,571,203 | ▲ $284,573 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Other Land Buildings | $3,209,913 | $660,848 | $3,870,761 |
| Buildings | $1,535,508 | $463,429 | $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 | $284,000 | $284,000 |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $3,059,379
- Program Service Revenue
- $0
- Investment Income
- $0
- Other Revenue
- $0
- All Other Contributions
- $3,059,379
- Change in Net Assets
- $-312,049
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Salaries, Compensation, and Employee Benefits | $1,870,081 |
| Other Expenses | $1,501,347 |
| 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 | $1,437,324 | - | - | $1,437,324 |
| All Other Expenses | $392,689 | - | - | $392,689 |
| Current Officers, Directors, Trustees, and Key Employees | - | $284,000 | - | $284,000 |
| Depreciation Depletion | $162,966 | - | - | $162,966 |
| Other Expenses | $149,003 | - | - | $149,003 |
| Payroll Taxes | $148,757 | - | - | $148,757 |
| Fees for Services Accounting | - | $22,500 | - | $22,500 |
| Total Functional Expenses | $3,064,928 | $306,500 | $0 | $3,371,428 |
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 | $5,745,517 |
| Loan Payable - New Pacific | $3,380,000 |
| Payroll Taxes Payable | $50,070 |
| Pension Payable | $2,184 |
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
- 2024-11-13
- 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
- 48
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
“Afterschool activity 132,460 0 0 marketing 61,294 0 0 restaurant expenses 52,622 0 0 auto expenses 44,591 0 0 outside expenses 37,550 0 0 repair & maintenance 27,406 0 0 faculty expenses 19,806 0 0 travel expenses 7,820 0 0 health office expenses 6,727 0 0 moving expenses 2,338 0 0 bank charges 75 0 0 total 392,689 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 | AFTERSCHOOL ACTIVITY 132,460 0 0 MARKETING 61,294 0 0 RESTAURANT EXPENSES 52,622 0 0 AUTO EXPENSES 44,591 0 0 OUTSIDE EXPENSES 37,550 0 0 REPAIR & MAINTENANCE 27,406 0 0 FACULTY EXPENSES 19,806 0 0 TRAVEL EXPENSES 7,820 0 0 HEALTH OFFICE EXPENSES 6,727 0 0 MOVING EXPENSES 2,338 0 0 BANK CHARGES 75 0 0 TOTAL 392,689 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 | 6286630 |
| IRS990/TotalAssetsEOYAmt | 0 | 6571203 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 6286630 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 6571203 |
| IRS990/TotalCompGreaterThan150KInd | 0 | true |
| IRS990/TotalContributionsAmt | 0 | 3059379 |
| IRS990/TotalEmployeeCnt | 0 | 48 |
| IRS990/TotalFunctionalExpensesGrp/FundraisingAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 306500 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 3064928 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 3371428 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 8581149 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 9177771 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 8581149 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 9177771 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | -2294519 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | -2606568 |
| IRS990/TotalProgramServiceExpensesAmt | 0 | 3064928 |
| IRS990/TotalReportableCompFromOrgAmt | 0 | 284000 |
| IRS990/TotalRevenueGrp/TotalRevenueColumnAmt | 0 | 3059379 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt | 0 | 6286630 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 6571203 |
| 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 | 2024-10-15 13:58:12Z |
| 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 | 2024-11-13 |
| 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 | 2024-11-13 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | DAVID HAN |
| ReturnHeader/ReturnTs | 0 | 2024-11-15T11:51:49-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990 |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2023-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2023-12-31 |
| ReturnHeader/TaxYr | 0 | 2023 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2023 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $6,571,203
- Liabilities
- $9,177,771
- Net assets
- -$2,606,568
- Revenue
- $3,059,379
- Expenses
- $3,371,428
- Net income
- -$312,049