Civic Intelligence

MID-Pacific Institute

990 • Fiscal year 2025 • EIN 99-0073514

Aug 01, 2024 to Jul 31, 2025

2445 Kaala StreetHonolulu, HI 96822

(808) 973-5000

Siviq Scores

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

Liabilities / Assets

50th percentile

0.20x

Higher debt load relative to assets than 50% of similar nonprofits.

2025 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2025

Liabilities / Revenue

55th percentile

0.49x

Higher debt load relative to revenue than 55% of similar nonprofits.

2025 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2025

Net Margin

63rd percentile

13%

Higher net margin than 63% of similar nonprofits.

2025 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2025

Top Officer Pay

65th percentile

$519,769

Higher top officer pay than 65% of similar nonprofits.

Top officer pay equals 0.9% of source-year revenue.

2025 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2025

Asset Growth

50th percentile

5.5%

Faster asset growth than 50% of similar nonprofits.

2025 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2024 to 2025

Revenue Growth

60th percentile

10%

Faster revenue growth than 60% of similar nonprofits.

2025 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2024 to 2025

Assets

Up

$135,702,631

Up $7,121,657 (+5.5%) from 2024

Net Assets

Up

$108,261,515

Up $6,411,138 (+6.3%) from 2024

Liabilities

Up

$27,441,116

Up $710,519 (+2.7%) from 2024

Revenue

Up

$56,262,648

Up $5,161,583 (+10%) from 2024

Expenses

Up

$49,144,747

Up $2,523,676 (+5.4%) from 2024

Net Income

Up

$7,117,901

Up $2,637,907 (+59%) from 2024

Historical Trend

Balance Sheet Trend

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

$150M$100M$50M$0Assets 2010: $72,685,800Liabilities 2010: $30,038,433Net Assets 2010: $42,647,3672010Assets 2011: $73,353,729Liabilities 2011: $29,642,296Net Assets 2011: $43,711,4332011Assets 2012: $75,110,291Liabilities 2012: $30,731,564Net Assets 2012: $44,378,7272012Assets 2013: $75,888,366Liabilities 2013: $29,338,016Net Assets 2013: $46,550,3502013Assets 2014: $80,423,766Liabilities 2014: $31,429,378Net Assets 2014: $48,994,3882014Assets 2015: $85,947,569Liabilities 2015: $34,412,202Net Assets 2015: $51,535,3672015Assets 2016: $83,585,903Liabilities 2016: $30,737,605Net Assets 2016: $52,848,2982016Assets 2017: $86,999,424Liabilities 2017: $30,585,824Net Assets 2017: $56,413,6002017Assets 2018: $88,454,151Liabilities 2018: $29,104,084Net Assets 2018: $59,350,0672018Assets 2019: $93,547,803Liabilities 2019: $30,403,450Net Assets 2019: $63,144,3532019Assets 2020: $97,081,468Liabilities 2020: $33,213,215Net Assets 2020: $63,868,2532020Assets 2021: $101,803,937Liabilities 2021: $34,044,524Net Assets 2021: $67,759,4132021Assets 2022: $120,126,925Liabilities 2022: $29,038,974Net Assets 2022: $91,087,9512022Assets 2023: $123,083,129Liabilities 2023: $27,459,507Net Assets 2023: $95,623,6222023Assets 2024: $128,580,974Liabilities 2024: $26,730,597Net Assets 2024: $101,850,3772024Assets 2025: $135,702,631Liabilities 2025: $27,441,116Net Assets 2025: $108,261,5152025

Highlighted filing

2025

Assets$135,702,631
Liabilities$27,441,116
Net Assets$108,261,515

Operations Trend

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

$80M$60M$40M$20M$0-$20MExpenses 2010: $27,674,7552010Revenue 2011: $29,974,332Expenses 2011: $29,576,118Net Income 2011: $398,2142011Expenses 2012: $31,253,8462012Expenses 2013: $31,955,2242013Revenue 2014: $34,721,916Expenses 2014: $32,986,609Net Income 2014: $1,735,3072014Revenue 2015: $38,822,286Expenses 2015: $35,346,067Net Income 2015: $3,476,2192015Revenue 2016: $39,594,144Expenses 2016: $37,969,187Net Income 2016: $1,624,9572016Revenue 2017: $42,344,902Expenses 2017: $39,824,871Net Income 2017: $2,520,0312017Revenue 2018: $43,890,924Expenses 2018: $41,397,763Net Income 2018: $2,493,1612018Revenue 2019: $45,440,560Expenses 2019: $43,092,665Net Income 2019: $2,347,8952019Revenue 2020: $44,415,436Expenses 2020: $44,571,935Net Income 2020: -$156,4992020Revenue 2021: $45,053,597Expenses 2021: $43,370,030Net Income 2021: $1,683,5672021Revenue 2022: $68,250,844Expenses 2022: $41,870,464Net Income 2022: $26,380,3802022Revenue 2023: $56,808,456Expenses 2023: $44,009,698Net Income 2023: $12,798,7582023Revenue 2024: $51,101,065Expenses 2024: $46,621,071Net Income 2024: $4,479,9942024Revenue 2025: $56,262,648Expenses 2025: $49,144,747Net Income 2025: $7,117,9012025

Highlighted filing

2025

Revenue$56,262,648
Expenses$49,144,747
Net Income$7,117,901
Jump To
Filing Snapshot
Filing Period
Aug 1, 2024 to Jul 31, 2025
Signed
Apr 2, 2026
Return Version
2024v5.5
Gross Receipts
$105,825,999
Mission and Program Overview

Mission

To create a place of belonging that cultivates compassionate, world-ready learners who make a positive impact through purpose-driven passions and creativity, rooted in our christian heritage.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$48,664,221$50,142,902▲ $1,478,681
Investments Other Securities$44,702,240$47,799,043▲ $3,096,803
Savings and Temporary Cash Investments$25,078,204$30,066,104▲ $4,987,900
Pledges and Grants Receivable$5,651,027$3,976,303▼ $1,674,724
Prepaid Expenses and Deferred Charges$1,629,117$1,726,524▲ $97,407
Cash and Non-Interest-Bearing Accounts$1,433,325$1,431,520▼ $1,805
Accounts Receivable$1,385,851$521,898▼ $863,953
Inventories for Sale or Use$36,989$38,337▲ $1,348
Total Assets$128,580,974$135,702,631▲ $7,121,657
Liabilities
Deferred Revenue$11,893,532$13,486,796▲ $1,593,264
Tax Exempt Bond Liabilities$9,639,154$8,917,959▼ $721,195
Accounts Payable and Accrued Expenses$3,993,937$4,279,538▲ $285,601
Other Liabilities$1,096,391$662,038▼ $434,353
Mortgage Notes Payable Secured by Investment Property$107,583$94,785▼ $12,798
Total Liabilities$26,730,597$27,441,116▲ $710,519
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$80,053,594$84,768,567▲ $4,714,973
Net Assets With Donor Restrictions$21,796,783$23,492,948▲ $1,696,165
Total Net Assets Fund Balance$101,850,377$108,261,515▲ $6,411,138
Total Liabilities and Net Assets / Fund Balance$128,580,974$135,702,631▲ $7,121,657

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$33,205,969$40,748,560-
Other Land Buildings$5,633,361$2,377,444-
Land$9,414,457--
Equipment$1,889,115$9,971,471-
Other Securities$21,282,105--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$23,088,760$1,124,508▲ $2,186,063-$25,901,931
2023$20,711,444$690,731▲ $1,941,556-$23,088,760
2022$19,940,686$467,036▲ $763,374-$20,711,444
2021$20,296,062$1,827,162▼ $1,709,126-$19,940,686
2020$16,379,717$685,969▲ $3,679,264-$20,296,062
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dr Paul TurnbullPresidentFT$411,690$108,079$519,769
Lesley KaneshiroChief Operating OfficerFT$273,433$32,652$306,085
Edna HusseyElementary School PrincipalFT$201,213$62,509$263,722
Elizabeth ClearyVP of Academic AffairsFT$226,098$29,846$255,944
Shannon ClearyVP of Institutional AdvancementFT$208,759$40,760$249,519
Christie MukaiVP of Human ResourcesFT$174,310$32,416$206,726
Jiachen ChenControllerFT$145,396$24,587$169,983

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Group 70 InternationalArchitectural Services111 S KING STREET SUITE 170, Honolulu, HI 96813$1,572,231
Allied Builders SystemConstruction Services1717 AKAHI STREET, Honolulu, HI 96819$1,563,152
Arita Poulson General Contracting LLCConstruction ServicesPO BOX 1035, Puunene, HI 96784$501,738
Hawaii Center For Children And FamiliesCounseling Services550 KUNEHI STREET SUITE 206, Kapolei, HI 96707$368,915
S & M Sakamoto INCConstruction Services1928 HAU STREET, Honolulu, HI 96819$270,948
Revenue and Support

Revenue Composition

Contributions and Grants
$5,316,798
Program Service Revenue
$46,439,206
Investment Income
$4,093,187
Other Revenue
$413,457
All Other Contributions
$5,316,798
Change in Net Assets
$7,117,901

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded2$184,632Fair Market Value (FMV) at Date of Donation
Total Noncash Contributions2$184,632-

Audited Revenue Reconciliation

Revenue per Audited Statements
$51,171,555
Revenue Not Reported on Financial Statements
$5,091,093
Revenue Not Reported on Form 990
$-684,396
Other Revenue Adjustments
$5,091,093
Total Revenue per Audited Statements
$50,487,159
Total Revenue per Form 990
$56,262,648
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$28,253,291
Other Expenses$12,121,207
Grants and Similar Amounts Paid$8,634,169
Total Fundraising Expense$1,409,435
Professional Fundraising Fees$136,080

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$17,677,645$2,708,566$242,418$20,628,629
Grants to Domestic Individuals$8,634,169--$8,634,169
Depreciation Depletion$3,011,620$533,569$2,147$3,547,336
Other Employee Benefits$2,189,232$1,029,570$153,950$3,372,752
Fees for Services Other$1,409,586$739,713$22,032$2,171,331
Current Officers, Directors, Trustees, and Key Employees$745,752$846,316$285,381$1,877,449
Payroll Taxes$1,362,274$262,807$38,257$1,663,338
Occupancy$963,659$306,677$12,831$1,283,167
Insurance$655,037$350,840$8,112$1,013,989
Office Expenses$565,561$230,097$63,470$859,128
Pension Plan Contributions$582,410$112,357$16,356$711,123
Travel$324,618$100,743$94,183$519,544
Fees for Services Accounting-$368,194-$368,194
Information Technology$243,384$54,182$38,097$335,663
Interest$173,010$29,963$2,258$205,231
Fees for Services Professional Fundraising--$136,080$136,080
Fees for Services Legal-$123,148-$123,148
Other Expenses$122,501$134,438$39,270$122,501
All Other Expenses$110,413--$110,413
Conferences and Meetings$66,723$20,707$19,359$106,789
Fees for Service Investment Mgmnt Fees-$94,903-$94,903
Advertising$55,242--$55,242
Total Functional Expenses$39,649,741$8,085,571$1,409,435$49,144,747

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$49,144,747
Total Expenses per Audited Statements$44,076,021
Expenses per Audited Statements$43,699,503
Expenses Not Reported on Financial Statements$5,445,244
Other Expense Adjustments$5,445,244
Expenses Not Reported on Form 990$376,518
International Activity

International Summary

Offices
0
Employees
0
Spending
$17,135

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
East Asia and the PacificProgram ServicesAssisting Foreign Families With the Admission Process00$16,442
East Asia and the PacificProgram ServicesInterpretation Services00$693
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$145,257
Professional Fundraising Fees$136,080
Fundraising Direct Expenses$29,316

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tournament$145,257$145,257$29,316$115,941
Total Events$145,257$145,257$29,316$115,941
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deposits Held for Others$662,038

Bond Issues

BondIssuerIssuedIssue PricePurpose
ADept of Budget & Finance of the State of Hawaii2020-03-02$10,851,705SEE PART VI

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$10,851,705$9,614,805$610,000$340,295

Bond Financing Compliance

Form 8038-T filed
Yes
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Corrective action procedures
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
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, Part VI, Section B, Line 11B

Board members are provided a copy of the tax return for their review prior to filing.

Form 990, Part VI, Section B, Line 12C

Transactions with mid-pacific institute by officers, directors, trustees and key employees, where there is a financial interest that may be an actual or possible conflict of interest are disclosed annually and when the transactions or arrangements are proposed. All material facts of the transactions are given to the board committees delegated oversight powers to consider the proposed transaction or arrangement. The committee will determine whether the transaction is in mid-pacific institute's best interest, and whether it is fair and reasonable or whether a more advantageous arrangement, not producing a conflict of interest is possible. If there is reasonable cause to believe an officer, director, trustee or key employee has failed to disclose an actual or possible conflict of interest that person shall be informed of the basis of such belief and shall be afforded an opportunity to explain the alleged failure to disclose. After hearing the response and after further investigation as warranted, if the over sight committee determines there has been a failure to disclose an actual or possible conflict of interest the appropriate disciplinary and corrective action will be taken.

Form 990, Part VI, Section B, Line 15

An analysis is prepared by the coo of salaries of comparable schools in hawaii and the western united states from information obtained from the national association of independent schools and guide star forms 990. If required, additional salary information is obtained from the hawaii association of independent schools. The analysis is given to the board of trustees for review to approve of annual salary levels for appropriate positions. The president's salary is determined by board of trustees.

Form 990, Part VI, Section C, Line 19

Mid-pacific institute makes its governing documents, conflict of interest policy, and/or financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Mid-pacific Institute
EIN
99-0073514
Phone
8089735000
Address
2445 KAALA STREET, HONOLULU, HI 96822

Signing Officer

Name
Lesley Kaneshiro
Title
Chief Operating Officer
Phone
8089735000
Signed
2026-04-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lesley Kaneshiro
Formed
1908
Legal Domicile
Hi
Voting Board Members
20
Independent Board Members
20
Employees
540
Volunteers
500

Preparer

Firm
Kmh Llp
Address
1003 BISHOP STREET SUITE 2400, HONOLULU, HI 96813
Preparer
Danielle a Harano
Phone
8085262255
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Interest expense annuity included on financial statements, but not on 990 -22,367. Write-off of uncollectible contribution receivable -990,000.

Financial Statement Notes

PART V, LINE 4:

A portion of the endowment funds are for student scholarships and awards. A portion is at the discretion of administration and/or the board for general operations or other purposes.

PART X, LINE 2:

In evaluating a tax position for recognition, the school evaluates whether it is more-likely-than-not that a tax position will be sustained upon examination, including resolution of related appeals or litigation processes, based on the technical merits of the position. If the tax position meets the more-likely-than-not recognition threshold, the tax position is measured and recognized in the financial statements as the largest amount of tax benefit that, in management's judgment, is greater than 50% likely of being realized upon ultimate settlement. The school files informational returns in the united states (u.s.) federal and state of hawaii jurisdictions. There are no significant tax liabilities for income tax associated with unrecognized tax benefits as of july 31, 2025 and 2024. It is the school's policy to recognize interest accrued and penalties related to underpayment of income taxes in administrative expense.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Write-off of uncollectible contribution receivable -990,000.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Interest expense annuity 22,367. Bookstore cogs -1,273. Rental expense -375,245. Financial aid grants & awards 5,445,244.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Bookstore cogs 1,273. Rental expense 375,245.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Financial aid grants & awards 5,445,244.

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IRS990/Desc0MID-PACIFIC, ONE OF HAWAII'S MOST DYNAMIC AND FORWARD-THINKING EDUCATIONAL INSTITUTIONS, CONTINUES TO SET THE BAR AS A RIGOROUS, COEDUCATIONAL, COLLEGE PREPARATORY DAY SCHOOL FOR PRESCHOOL, KINDERGARTEN AND GRADES 1-12. CONSISTENTLY, MID-PACIFIC IS RECOGNIZED AS AN INNOVATOR OF EDUCATIONAL, TECHNOLOGICAL AND ARTISTIC PROGRAMS THAT DEVELOP ENLIGHTENED LEARNERS AND LEADERS. IT, TOO, IS COMMITTED TO PROVIDING A LEARNING ENVIRONMENT WHERE STUDENTS REACH THEIR FULL POTENTIAL ACADEMICALLY, ARTISTICALLY, SOCIALLY, PHYSICALLY AND SPIRITUALLY. MID-PACIFIC IS HOME TO 1,400 STUDENTS, 4% OF WHICH ARE FROM FOREIGN COUNTRIES, AND THIS INTERNATIONALISM PROMOTES AN UNDERSTANDING AND RESPECT FOR DIVERSITY THAT IS ESSENTIAL IN THE GLOBAL COMMUNITY. MID-PACIFIC INSTITUTE WAS THE FIRST SCHOOL IN HAWAII TO OFFER AN ACCREDITED, PRE-PROFESSIONAL ARTS TRAINING PROGRAM AS A COMPLEMENT TO ITS COLLEGE-PREPARATORY CURRICULUM, AS WELL AS THE FIRST SCHOOL IN THE STATE TO OFFER THE INTERNATIONAL BACCALAUREATE DIPLOMA PROGRAM.
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IRS990/Form990PartVIISectionAGrp/TitleTxt20HONORARY TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt21HONORARY TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt22HONORARY TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt23HONORARY TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt24HONORARY TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt25PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt26CHIEF OPERATING OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt27VP OF ACADEMIC AFFAIRS
IRS990/Form990PartVIISectionAGrp/TitleTxt28ELEMENTARY SCHOOL PRINCIPAL
IRS990/Form990PartVIISectionAGrp/TitleTxt29VP OF INSTITUTIONAL ADVANCEMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt30VP OF HUMAN RESOURCES
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$136$27.4$108$56.3$49.1$7.12
2024Detailed filing. Detailed filing data is available for this year.$129$26.7$102$51.1$46.6$4.48
2023Detailed filing. Detailed filing data is available for this year.$123$27.5$95.6$56.8$44.0$12.8
2022Detailed filing. Detailed filing data is available for this year.$120$29.0$91.1$68.3$41.9$26.4
2021Detailed filing. Detailed filing data is available for this year.$102$34.0$67.8$45.1$43.4$1.68
2020Detailed filing. Detailed filing data is available for this year.$97.1$33.2$63.9$44.4$44.6$0.16
2019Detailed filing. Detailed filing data is available for this year.$93.5$30.4$63.1$45.4$43.1$2.35
2018Detailed filing. Detailed filing data is available for this year.$88.5$29.1$59.4$43.9$41.4$2.49
2017Detailed filing. Detailed filing data is available for this year.$87.0$30.6$56.4$42.3$39.8$2.52
2016Detailed filing. Detailed filing data is available for this year.$83.6$30.7$52.8$39.6$38.0$1.62
2015Detailed filing. Detailed filing data is available for this year.$85.9$34.4$51.5$38.8$35.3$3.48
2014Detailed filing. Detailed filing data is available for this year.$80.4$31.4$49.0$34.7$33.0$1.74
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$75.9$29.3$46.6$32.0
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$75.1$30.7$44.4$31.3
2011Summary only. Only limited summary data is available for this year.$73.4$29.6$43.7$30.0$29.6$0.40
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$72.7$30.0$42.6$27.7