Civic Intelligence

Island Pacific Academy Inc.

990 • Fiscal year 2014 • EIN 68-0534162

Jul 01, 2013 to Jun 30, 2014 • Filed on Mar 12, 2015

Organization ProfileWWW.ISLANDPACIFICACADEMY.COM

View Organization Page

909 Haumea Street96707

(808) 674-3523

Siviq Scores

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

Liabilities / Assets

98th percentile

1.78x

Higher debt load relative to assets than 98% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Liabilities / Revenue

91st percentile

3.30x

Higher debt load relative to revenue than 91% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Net Margin

28th percentile

-1.5%

Higher net margin than 28% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Top Officer Pay

22nd percentile

$98,413

Higher top officer pay than 22% of similar nonprofits.

Top officer pay equals 1.1% of source-year revenue.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Asset Growth

29th percentile

-1.1%

Faster asset growth than 29% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2013 to 2014

Revenue Growth

32nd percentile

-1.1%

Faster revenue growth than 32% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2011 to 2014

Balance Sheet
Liabilities / Assets98th percentile

Assets

Down

$16,461,476

Down $186,794 (-1.1%) from 2013

Net Assets

Down

-$12,851,272

Down $105,152 (-0.8%) from 2013

Liabilities

Down

$29,312,748

Down $81,642 (-0.3%) from 2013

Revenue And Expenses
Liabilities / Revenue91st percentileNet Margin28th percentile

Revenue

$8,876,292

No earlier filing loaded for comparison.

Expenses

Down

$9,013,237

Down $1,928,446 (-18%) from 2013

Net Income

-$136,945

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth29th percentile

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

$40M$20M$0-$20MAssets 2011: $17,525,514Liabilities 2011: $29,312,230Net Assets 2011: -$11,786,7162011Assets 2012: $17,098,431Liabilities 2012: $28,933,013Net Assets 2012: -$11,834,5822012Assets 2013: $16,648,270Liabilities 2013: $29,394,390Net Assets 2013: -$12,746,1202013Assets 2014: $16,461,476Liabilities 2014: $29,312,748Net Assets 2014: -$12,851,2722014Assets 2015: $15,535,563Liabilities 2015: $29,832,778Net Assets 2015: -$14,297,2152015Assets 2016: $2,187,208Liabilities 2016: $1,465,073Net Assets 2016: $722,1352016Assets 2017: $3,287,476Liabilities 2017: $1,670,481Net Assets 2017: $1,616,9952017Assets 2018: $3,501,979Liabilities 2018: $1,569,040Net Assets 2018: $1,932,9392018Assets 2019: $3,696,599Liabilities 2019: $1,696,894Net Assets 2019: $1,999,7052019Assets 2020: $13,707,420Liabilities 2020: $10,940,123Net Assets 2020: $2,767,2972020Assets 2021: $15,136,724Liabilities 2021: $11,763,957Net Assets 2021: $3,372,7672021Assets 2022: $6,468,633Liabilities 2022: $1,653,351Net Assets 2022: $4,815,2822022Assets 2023: $19,908,402Liabilities 2023: $12,102,355Net Assets 2023: $7,806,0472023Assets 2024: $18,951,118Liabilities 2024: $10,590,471Net Assets 2024: $8,360,6472024Assets 2025: $21,278,429Liabilities 2025: $12,684,614Net Assets 2025: $8,593,8152025

Highlighted filing

2014

Assets$16,461,476
Liabilities$29,312,748
Net Assets-$12,851,272
Open 2014 Filing

Operations Trend

Revenue Growth32nd percentile

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

$15M$10M$5.0M$0-$5.0MRevenue 2011: $9,164,480Expenses 2011: $10,334,116Net Income 2011: -$1,169,6362011Expenses 2012: $10,554,7892012Expenses 2013: $10,941,6832013Revenue 2014: $8,876,292Expenses 2014: $9,013,237Net Income 2014: -$136,9452014Revenue 2015: $7,752,015Expenses 2015: $9,379,547Net Income 2015: -$1,627,5322015Revenue 2016: $9,954,769Expenses 2016: $7,869,975Net Income 2016: $2,084,7942016Revenue 2017: $8,410,845Expenses 2017: $7,587,142Net Income 2017: $823,7032017Revenue 2018: $8,833,842Expenses 2018: $8,540,612Net Income 2018: $293,2302018Revenue 2019: $9,119,024Expenses 2019: $9,167,823Net Income 2019: -$48,7992019Revenue 2020: $10,054,389Expenses 2020: $9,568,972Net Income 2020: $485,4172020Revenue 2021: $10,713,733Expenses 2021: $10,274,838Net Income 2021: $438,8952021Revenue 2022: $12,224,553Expenses 2022: $10,421,850Net Income 2022: $1,802,7032022Revenue 2023: $14,553,755Expenses 2023: $11,579,582Net Income 2023: $2,974,1732023Revenue 2024: $12,321,212Expenses 2024: $12,209,517Net Income 2024: $111,6952024Revenue 2025: $12,718,436Expenses 2025: $12,715,067Net Income 2025: $3,3692025

Highlighted filing

2014

Revenue$8,876,292
Expenses$9,013,237
Net Income-$136,945
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Mar 12, 2015
Return Version
2013v4.0
Gross Receipts
$8,976,641
Mission and Program Overview

Mission

To provide an independent school serving students from pre-kindergarden through grade twelve.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$15,014,264$14,407,453▼ $606,811
Cash and Non-Interest-Bearing Accounts$717,413$829,694▲ $112,281
Investments Other Securities$785,886$765,259▼ $20,627
Savings and Temporary Cash Investments-$280,784-
Accounts Receivable$109,696$95,371▼ $14,325
Investments in Publicly Traded Securities-$79,311-
Prepaid Expenses and Deferred Charges$2,000$3,604▲ $1,604
Total Assets$16,648,270$16,461,476▼ $186,794
Other Assets Total$19,011--
Liabilities
Mortgage Notes Payable Secured by Investment Property$26,758,268$26,494,583▼ $263,685
Deferred Revenue$1,287,319$1,137,088▼ $150,231
Other Liabilities$346,831$750,200▲ $403,369
Unsecured Notes Loans Payable$659,000$659,000→ $0
Accounts Payable and Accrued Expenses$342,972$271,877▼ $71,095
Total Liabilities$29,394,390$29,312,748▼ $81,642
Net Assets / Fund Balance
Temporarily Rstr Net Assets$477,037$517,711▲ $40,674
Unrestricted Net Assets$-13,223,157$-13,368,983▼ $145,826
Total Net Assets Fund Balance$-12,746,120$-12,851,272▼ $105,152
Total Liabilities and Net Assets / Fund Balance$16,648,270$16,461,476▼ $186,794

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$13,642,411$3,689,250$17,331,661
Equipment$447,649$1,786,312$2,233,961
Other Land Buildings$317,393$152,200$469,593
Compensation and Service Providers
Top Officer Pay22nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Benjamin FeinsteinHead of SchoolFT$93,352$5,061$98,413

Board Members and Trustees

NameTitle
Scott SchumakerPresident
Wendell LeeVice President/treasurer
Danton WongTrustee
Denise BechererTrustee
Donald GerryTrustee
Lance WilhelmTrustee
Larry CasterTrustee
Mary Kamoe DurrettTrustee
Matthew ViolaTrustee
Daniel E WhiteSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$302,423
Program Service Revenue
$8,322,108
Investment Income
$32,780
Other Revenue
$218,981
All Other Contributions
$296,892
Change in Net Assets
$-136,945

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,628,164
Revenue Not Reported on Financial Statements
$1,248,128
Revenue Not Reported on Form 990
$42,202
Other Revenue Adjustments
$1,240,626
Total Revenue per Audited Statements
$7,670,366
Total Revenue per Form 990
$8,876,292
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,588,182
Other Expenses$3,609,502
Grants and Similar Amounts Paid$815,553
Total Fundraising Expense$201,828
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,173,287$1,189,923$95,746$3,458,956
Occupancy$340,704$1,182,925-$1,523,629
Grants to Domestic Individuals$815,553--$815,553
Other Employee Benefits$653,442$69,722-$723,164
Depreciation Depletion$652,894--$652,894
All Other Expenses$243,994$37,830$42,470$324,294
Payroll Taxes$168,204$90,305$16,492$275,001
Fees for Services Other-$103,320$47,120$150,440
Current Officers, Directors, Trustees, and Key Employees$131,061--$131,061
Office Expenses$104,722$25,143-$129,865
Other Expenses$63,661$26,940-$90,601
Advertising-$90,384-$90,384
Interest-$72,982-$72,982
Fees for Services Accounting-$46,827-$46,827
Insurance$46,724--$46,724
Fees for Services Legal-$29,128-$29,128
Fees for Service Investment Mgmnt Fees-$7,502-$7,502
Travel-$175-$175
Total Functional Expenses$5,715,702$3,095,707$201,828$9,013,237

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$9,013,237
Expenses per Audited Statements$7,765,109
Total Expenses per Audited Statements$7,765,109
Expenses Not Reported on Financial Statements$1,248,128
Other Expense Adjustments$1,240,626
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$237,692
Fundraising Direct Expenses$82,795
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 2$141,487$136,217$12,625$123,592
Event 1$35,519$35,519$63$35,456
Total Events$196,100$190,594$73,614$116,980
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Mary FeinsteinFamily Member of Benjamin Feinstein, Head of SchoolEmployment - TeacherNo$36,625
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Contributions Due to Island Pacific Academy Foundation$750,200
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Business relationship with family members
Yes
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

“A copy of the form 990 is provided to the board of trustees for review prior to filing.”

Form 990, Part VI, Section B, Line 15

“For the head of school position, the board obtained and reviewed the nais salary data for other heads of school positions. The board approved the head of school's compensation which is considered to be in the 40 percentile of other nais heads.”

Form 990, Part VI, Section C, Line 19

“Copies are available in the business office and can be reviewed upon request.”

Filing and Contact Details

Filer

EIN
68-0534162
Phone
8086743523

Signing Officer

Name
Scott Schumaker
Title
President
Phone
8086743523
Signed
2015-03-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Scott Schumaker
Formed
2002
Legal Domicile
Hi
Voting Board Members
10
Independent Board Members
10
Employees
170
Volunteers
375

Preparer

Preparer
Catha Lee Combs
Phone
8087911414
Supplemental Narrative

Additional Explanations

Form 990, Part X

“The balance sheet amounts represent the audited financial statements for the fiscal year ended june 30, 2014 and 2013. In september 2009, island pacific academy (the academy) entered into an agreement with island pacific academy foundation (foundation) to sell the building and transfer the option agreement to purchase the land that the academy uses for operations. Since the academy is co-obligor on the debt secured by the foundation for the purchase, and is required to make payments to the foundation equal to the debt service requirements, the building continues to be reflected in the audited financial statements of the academy at its net book value.”

Financial Statement Notes

PART X, LINE 2:

“Management is required to ascertain the effect of uncertain tax positions to be recognized in the financial statements if they are more likely than not to fail upon regulatory examination. Management is not aware of any uncertain tax positions. Tax returns are open for examination by the taxing authorities until the statute of limitation (generally three years) expires.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Financial aid 815,553. Tuition remission 425,073.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Financial aid 815,553. Tuition remission 425,073.”

Raw XML AppendixShowing 400 of 561 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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IRS990/InterestGrp/ManagementAndGeneralAmt072982
IRS990/InterestGrp/TotalAmt072982
IRS990/InvestmentIncomeGrp/ExclusionAmt033441
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt033441
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt0785886
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt0765259
IRS990/InvestmentsPubTradedSecGrp/EOYAmt079311
IRS990/IRPDocumentCnt04
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt05627762
IRS990/LandBldgEquipBasisNetGrp/BOYAmt015014264
IRS990/LandBldgEquipBasisNetGrp/EOYAmt014407453
IRS990/LandBldgEquipCostOrOtherBssAmt020035215
IRS990/LegalDomicileStateCd0HI
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt017554
IRS990/LessRentalExpensesGrp/RealAmt00
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROVIDE AN INDEPENDENT SCHOOL SERVING STUDENTS FROM PRE-KINDERGARDEN THROUGH GRADE TWELVE.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt026758268
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt026494583
IRS990/NetAssetsOrFundBalancesBOYAmt0-12746120
IRS990/NetAssetsOrFundBalancesEOYAmt0-12851272
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-661
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-661
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0154897
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0154897
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt064084
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt064084
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt042202
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt01182925
IRS990/OccupancyGrp/ProgramServicesAmt0340704
IRS990/OccupancyGrp/TotalAmt01523629
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt025143
IRS990/OfficeExpensesGrp/ProgramServicesAmt0104722
IRS990/OfficeExpensesGrp/TotalAmt0129865
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt019011
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt069722
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0653442
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0723164
IRS990/OtherExpensesGrp/Desc0REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc1BAD DEBT EXPENSE
IRS990/OtherExpensesGrp/Desc2AFTER SCHOOL AND SUMMER
IRS990/OtherExpensesGrp/Desc3OTHER EXPENSES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0122601
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt126940
IRS990/OtherExpensesGrp/ProgramServicesAmt0216151
IRS990/OtherExpensesGrp/ProgramServicesAmt1105305
IRS990/OtherExpensesGrp/ProgramServicesAmt263661
IRS990/OtherExpensesGrp/TotalAmt0216151
IRS990/OtherExpensesGrp/TotalAmt1122601
IRS990/OtherExpensesGrp/TotalAmt2105305
IRS990/OtherExpensesGrp/TotalAmt390601
IRS990/OtherLiabilitiesGrp/BOYAmt0346831
IRS990/OtherLiabilitiesGrp/EOYAmt0750200
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt095746
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt01189923
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02173287
IRS990/OtherSalariesAndWagesGrp/TotalAmt03458956
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt016492
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt090305
IRS990/PayrollTaxesGrp/ProgramServicesAmt0168204
IRS990/PayrollTaxesGrp/TotalAmt0275001
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt02000
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt03604
IRS990/PrincipalOfficerNm0SCOTT SCHUMAKER
IRS990/PriorPeriodAdjustmentsAmt0-10409
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/BusinessCd3900099
IRS990/ProgramServiceRevenueGrp/BusinessCd4900099
IRS990/ProgramServiceRevenueGrp/Desc0TUITION & FEES
IRS990/ProgramServiceRevenueGrp/Desc1OTHER SCHOOL PROGRAMS
IRS990/ProgramServiceRevenueGrp/Desc2CLUB & OTHER FEES
IRS990/ProgramServiceRevenueGrp/Desc3APPLICATION AND OTHER
IRS990/ProgramServiceRevenueGrp/Desc4SUMMER SCHOOL
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt08082003
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1103941
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt265012
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt343880
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt427272
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt08082003
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1103941
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt265012
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt343880
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt427272
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0264300
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt01631040
IRS990/PYInvestmentIncomeAmt029491
IRS990/PYOtherExpensesAmt03450345
IRS990/PYOtherRevenueAmt0253038
IRS990/PYProgramServiceRevenueAmt09549245
IRS990/PYRevenuesLessExpensesAmt0-845609
IRS990/PYSalariesCompEmpBnftPaidAmt05860298
IRS990/PYTotalExpensesAmt010941683
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt010096074
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-136945
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt064084
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt08322108
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0280784
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt013642411
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03689250
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt017331661
IRS990ScheduleD/EquipmentGrp/BookValueAmt0447649
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01786312
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02233961
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt01248128
IRS990ScheduleD/ExpensesSubtotalAmt07765109
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt07502
IRS990ScheduleD/InvestmentExpensesNotIncldAmt07502
IRS990ScheduleD/NetUnrealizedGainsInvstAmt042202
IRS990ScheduleD/OtherExpensesNotIncludedAmt01240626
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0317393
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0152200
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0469593
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0750200
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CONTRIBUTIONS DUE TO ISLAND PACIFIC ACADEMY FOUNDATION
IRS990ScheduleD/OtherRevenuesNotIncludedAmt01240626
IRS990ScheduleD/RevenueNotReportedAmt042202
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt01248128
IRS990ScheduleD/RevenueSubtotalAmt07628164
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT IS REQUIRED TO ASCERTAIN THE EFFECT OF UNCERTAIN TAX POSITIONS TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS IF THEY ARE MORE LIKELY THAN NOT TO FAIL UPON REGULATORY EXAMINATION. MANAGEMENT IS NOT AWARE OF ANY UNCERTAIN TAX POSITIONS. TAX RETURNS ARE OPEN FOR EXAMINATION BY THE TAXING AUTHORITIES UNTIL THE STATUTE OF LIMITATION (GENERALLY THREE YEARS) EXPIRES.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1FINANCIAL AID 815,553. TUITION REMISSION 425,073.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2FINANCIAL AID 815,553. TUITION REMISSION 425,073.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt014407453
IRS990ScheduleD/TotalExpensesPerForm990Amt09013237
IRS990ScheduleD/TotalLiabilityAmt0750200
IRS990ScheduleD/TotalRevenuePerForm990Amt08876292
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt07670366
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt07765109
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd00
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE ACADEMY PLACED THE POLICY ON THE SCHOOL'S WEBSITE ON THE EMPLOYMENT PAGE AND THE ADMISSIONS PAGE.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt05506
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt05270
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriOtherEventsAmt0236
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt073614
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent2Amt010539

Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$16,461,476
Liabilities
$29,312,748
Net assets
-$12,851,272
Revenue
$8,876,292
Expenses
$9,013,237
Net income
-$136,945
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$21.3$12.7$8.59$12.7$12.7$0.00
2024Detailed filing. Detailed filing data is available for this year.$19.0$10.6$8.36$12.3$12.2$0.11
2023Detailed filing. Detailed filing data is available for this year.$19.9$12.1$7.81$14.6$11.6$2.97
2022Detailed filing. Detailed filing data is available for this year.$6.47$1.65$4.82$12.2$10.4$1.80
2021Detailed filing. Detailed filing data is available for this year.$15.1$11.8$3.37$10.7$10.3$0.44
2020Detailed filing. Detailed filing data is available for this year.$13.7$10.9$2.77$10.1$9.57$0.49
2019Detailed filing. Detailed filing data is available for this year.$3.70$1.70$2.00$9.12$9.17$0.05
2018Detailed filing. Detailed filing data is available for this year.$3.50$1.57$1.93$8.83$8.54$0.29
2017Detailed filing. Detailed filing data is available for this year.$3.29$1.67$1.62$8.41$7.59$0.82
2016Detailed filing. Detailed filing data is available for this year.$2.19$1.47$0.72$9.95$7.87$2.08
2015Detailed filing. Detailed filing data is available for this year.$15.5$29.8$14.3$7.75$9.38$1.63
2014Detailed filing. Detailed filing data is available for this year.$16.5$29.3$12.9$8.88$9.01$0.14
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.6$29.4$12.7$10.9
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.1$28.9$11.8$10.6
2011Summary only. Only limited summary data is available for this year.$17.5$29.3$11.8$9.16$10.3$1.17