Kcaa Preschools of Hawaii

“A copy of the form 990 was provided to the entire board of directors prior to filing, and was reviewed and approved by the finance committee.”

“Officers and trustees are given a copy of the conflict of interest policy. If there is a conflict of interest, it is brought to the attention of the president, who presents the conflict to the chairman of the board. If a conflict is found, that person will recuse himself/herself from discussions regarding such conflicts.”

“For the president, the board reviews and approves compensation. For all officer compensation, a compensation study is conducted using information from the hawaii alliance of non-profit organizations (hano) and guidestar. The determination of salary is then documented in the persons file and is subject to annual review.”

“For officers below the president, the president reviews and approves compensation. For all officer compensation, a compensation study is conducted using information from the hawaii alliance of non-profit organizations (hano) and guidestar. The determination of salary is then documented in the persons file and is subject to annual review.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

“Form 990, part iv, line 12a and part xii, line 2b: kcaa's financial statements have been audited by an independent accountant. Preliminary audit report presented to kcaa board on 4/29/25 and final audit report was approved by the kcaa board on 5/27/25.”

“Due to teacher shortages and low enrollment, kcaa's wai kahala preschool was closed effective 12/31/2023.”

“Line 7g: the organization did not receive any contributions of qualified intellectual property. As such, this question has been marked no. Line 7h: the organization did not receive any contributions of cars, boats, airplanes, or other vehicles. As such, this question has been marked no.”

“Other fees 532,024 562,748 0”

“Prior period adjustment 941,715 loss on campus closure -1,837,021 total -895,306 prior period adjustment - subsequent to the filing of the organization's fye 8/31/2023 form 990, the audit was completed and the final audit report was issued. Net assets as of 8/31/2023 per the final audited financials was 941,715 higher than net assets as of 8/31/2023 per the form 990 filed. Loss on campus closure - due to teacher shortages and low enrollment, kcaa's wai kahala preschool was closed effective 12/31/2023.”