Civic Intelligence

Maui Preparatory Academy

EIN 27-2023362 • 501(c)3 • Lahaina, HI

Profile

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.

4910 Honoapiilani HighwayLahaina, HI 96761
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

17th percentile

0.01x

Higher debt load relative to assets than 17% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2025

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2025

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on the latest valid filing.

Source year 2025

Top Officer Pay

23rd percentile

$0

Higher top officer pay than 23% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2025

Asset Growth

29th percentile

-1.9%

Faster asset growth than 29% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2024 to 2025

Revenue Growth

1st percentile

-100%

Faster revenue growth than 1% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets17th percentile

Assets

Down

$6,708,419

Down $129,583 (-1.9%) from 2023

Liabilities

Down

$35,599

Down $2,043,493 (-98%) from 2023

Net Assets

Up

$6,672,820

Up $1,913,910 (+40%) from 2023

Operations
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

Up

$2,056,779

Up $1,627,067 (+379%) from 2023

Expenses

Down

$142,869

Down $64,729 (-31%) from 2023

Net Income

Up

$1,913,910

Up $1,691,796 (+762%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth29th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$8.0M$6.0M$4.0M$2.0M$0Assets 2019: $7,356,335Liabilities 2019: $4,497,283Net Assets 2019: $2,859,0522019Assets 2020: $7,226,752Liabilities 2020: $3,421,492Net Assets 2020: $3,805,2602020Assets 2021: $7,097,168Liabilities 2021: $2,549,244Net Assets 2021: $4,547,9242021Assets 2022: $6,967,585Liabilities 2022: $2,430,789Net Assets 2022: $4,536,7962022Assets 2023: $6,838,002Liabilities 2023: $2,079,092Net Assets 2023: $4,758,9102023Assets 2024: $6,708,419Liabilities 2024: $35,599Net Assets 2024: $6,672,8202024

Highlighted filing

2024

Assets$6,708,419
Liabilities$35,599
Net Assets$6,672,820
Open 2024 Filing

Operations Trend

Revenue Growth1st percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2019: $589,949Expenses 2019: $346,975Net Income 2019: $242,9742019Revenue 2020: $1,271,674Expenses 2020: $325,466Net Income 2020: $946,2082020Revenue 2021: $994,005Expenses 2021: $251,341Net Income 2021: $742,6642021Revenue 2022: $203,742Expenses 2022: $214,870Net Income 2022: -$11,1282022Revenue 2023: $429,712Expenses 2023: $207,598Net Income 2023: $222,1142023Revenue 2024: $2,056,779Expenses 2024: $142,869Net Income 2024: $1,913,9102024

Highlighted filing

2024

Revenue$2,056,779
Expenses$142,869
Net Income$1,913,910
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$6,708,419
Liabilities
$35,599
Net assets
$6,672,820
Revenue
$2,056,779
Expenses
$142,869
Net income
$1,913,910
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$6.71$0.04$6.67$2.06$0.14$1.91
2023Detailed filing. Detailed filing data is available for this year.$6.84$2.08$4.76$0.43$0.21$0.22
2022Detailed filing. Detailed filing data is available for this year.$6.97$2.43$4.54$0.20$0.21$0.01
2021Detailed filing. Detailed filing data is available for this year.$7.10$2.55$4.55$0.99$0.25$0.74
2020Detailed filing. Detailed filing data is available for this year.$7.23$3.42$3.81$1.27$0.33$0.95
2019Detailed filing. Detailed filing data is available for this year.$7.36$4.50$2.86$0.59$0.35$0.24
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Mar 8, 2025
Return Version
2023v6.0
Gross Receipts
$2,056,779
Mission and Program Overview

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.

Maui preparatory academy foundation holds the title to all land, buildings, and leasehold improvements used, or to be used, by maui preparatory academy.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$6,838,002$6,708,419▼ $129,583
Total Assets$6,838,002$6,708,419▼ $129,583
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,043,493--
Other Liabilities$35,599$35,599→ $0
Total Liabilities$2,079,092$35,599▼ $2,043,493
Net Assets / Fund Balance
Net Assets With Donor Restrictions$4,540,000$4,540,000→ $0
Net Assets Without Donor Restrictions$218,910$2,132,820▲ $1,913,910
Total Net Assets Fund Balance$4,758,910$6,672,820▲ $1,913,910
Total Liabilities and Net Assets / Fund Balance$6,838,002$6,708,419▼ $129,583

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,168,419$2,950,607$5,119,026
Land$4,540,000-$4,540,000
Compensation and Service Providers
Top Officer Pay23rd percentile

Board Members and Trustees

NameTitle
Mary Anne Le VietDirector
Scott ShoemakerDirector
Tim HehemannDirector
Nam Le VietPres/secreta
Mark MerrillTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,712,774
Program Service Revenue
$344,005
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$1,913,910
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$142,869
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$90,708$38,875-$129,583
Interest$9,300$3,986-$13,286
Total Functional Expenses$100,008$42,861$0$142,869
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
Due to Maui Preparatory Academy$35,599
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

“Nam leviet mary anne leviet pres/sec director married”

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

“The form 990 is reviewed and approved by the board treasurer and finance committee.”

Form 990, Page 6, Part VI, Line 12C

“The foundation regularly and consistently monitors and enforces compliance with their conflict of interest policy by having the foundation's members and executive committee communicate all potential conflict of interest concerns.”

Form 990, Page 6, Part VI, Line 19

“The foundation makes its governing documents, conflict of interest policies, forms 990, and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Maui Preparatory Academy
EIN
27-2023362
Phone
8086659966
Address
4910 HONOAPIILANI HIGHWAY, LAHAINA, HI 96761

Signing Officer

Name
Nam Le Viet
Title
Pres/secretary
Phone
8086659966
Signed
2025-03-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Nam Le Viet
Formed
2010
Legal Domicile
Hi
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
5

Preparer

Firm
Carbonaro Cpas & Management Group
Address
1885 MAIN ST STE 408, WAILUKU, HI 96793
Preparer
Gretchen Kremeyer
Phone
8082425002
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S 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.”

Financial Statement Notes

Schedule D, Page 3, Part X

“The organization is exempt from federal income taxes under section 501(c) (3) of the internal revenue code and also from state of hawaii income taxes under section 237-23 (b) of the hawaii revised statutes. The accounting standard on accounting for uncertainty in income taxes addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the combined financial statements. Under that guidance, the organization may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities based on the technical merits of the position. The tax benefits recognized in the combined financial statements from such a position are measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. There were no unrecognized tax benefits identified or recorded as liabilities for fiscal years 2024 and 2023. The organization's forms 990, return of organization exempt from income tax, for the years ending 2021, 2022, and 2023 are subject to examination by the irs, generally for 3 years after they were filed.”

Raw XML Appendix366 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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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt035599
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO MAUI PREPARATORY ACADEMY
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C) (3) OF THE INTERNAL REVENUE CODE AND ALSO FROM STATE OF HAWAII INCOME TAXES UNDER SECTION 237-23 (B) OF THE HAWAII REVISED STATUTES. THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE COMBINED FINANCIAL STATEMENTS. UNDER THAT GUIDANCE, THE ORGANIZATION MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFITS RECOGNIZED IN THE COMBINED FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THERE WERE NO UNRECOGNIZED TAX BENEFITS IDENTIFIED OR RECORDED AS LIABILITIES FOR FISCAL YEARS 2024 AND 2023. THE ORGANIZATION'S FORMS 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, FOR THE YEARS ENDING 2021, 2022, AND 2023 ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR 3 YEARS AFTER THEY WERE FILED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/TotalBookValueLandBuildingsAmt06708419
IRS990ScheduleD/TotalLiabilityAmt035599
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MAUI 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NAM LEVIET MARY ANNE LEVIET PRES/SEC DIRECTOR MARRIED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORM 990 IS REVIEWED AND APPROVED BY THE BOARD TREASURER AND FINANCE COMMITTEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FOUNDATION REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THEIR CONFLICT OF INTEREST POLICY BY HAVING THE FOUNDATION'S MEMBERS AND EXECUTIVE COMMITTEE COMMUNICATE ALL POTENTIAL CONFLICT OF INTEREST CONCERNS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE FOUNDATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICIES, FORMS 990, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0990354508
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0HI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0EDUCATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt02
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt04910 HONOAPIILANI HIGHWAY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0LAHINA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0HI
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IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
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IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0344005
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt11712774
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0COST
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1BOOK
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IRS990/StatesWhereCopyOfReturnIsFldCd0HI
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt06838002
IRS990/TotalAssetsEOYAmt06708419
IRS990/TotalAssetsGrp/BOYAmt06838002
IRS990/TotalAssetsGrp/EOYAmt06708419
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01712774
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt042861
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0100008
IRS990/TotalFunctionalExpensesGrp/TotalAmt0142869
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02079092
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IRS990/TotalLiabilitiesGrp/BOYAmt02079092
IRS990/TotalLiabilitiesGrp/EOYAmt035599
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt04758910
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt06672820
IRS990/TotalProgramServiceExpensesAmt0100008
IRS990/TotalProgramServiceRevenueAmt0344005
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0344005
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02056779
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt06838002
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt06708419
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
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IRS990/VotingMembersGoverningBodyCnt05
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IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0NAM LE VIET
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRES/SECRETARY
ReturnHeader/BusinessOfficerGrp/PhoneNum08086659966
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-03-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MAUI PREPARATORY ACADEMY
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0MAUI
ReturnHeader/Filer/EIN0272023362
ReturnHeader/Filer/PhoneNum08086659966
ReturnHeader/Filer/USAddress/AddressLine1Txt04910 HONOAPIILANI HIGHWAY
ReturnHeader/Filer/USAddress/CityNm0LAHAINA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0HI
ReturnHeader/Filer/USAddress/ZIPCd096761
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0990303190
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CARBONARO CPAS & MANAGEMENT GROUP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01885 MAIN ST STE 408
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WAILUKU
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0HI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd096793
ReturnHeader/PreparerPersonGrp/PhoneNum08082425002
ReturnHeader/PreparerPersonGrp/PreparationDt02025-03-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0GRETCHEN KREMEYER
ReturnHeader/ReturnTs02025-03-13T23:39:11-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

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