Civic Intelligence

Seabury Hall

990 • Fiscal year 2021 • EIN 99-0110784

Jun 01, 2020 to May 31, 2021 • Filed on Apr 13, 2021

480 Olinda RoadMakawao, HI 96768

(808) 572-7235

Siviq Scores

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

Liabilities / Assets

22nd percentile

0.04x

Higher debt load relative to assets than 22% of similar nonprofits.

2021 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2021

Liabilities / Revenue

30th percentile

0.16x

Higher debt load relative to revenue than 30% of similar nonprofits.

2021 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2021

Net Margin

70th percentile

24%

Higher net margin than 70% of similar nonprofits.

2021 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2021

Top Officer Pay

31st percentile

$239,820

Higher top officer pay than 31% of similar nonprofits.

Top officer pay equals 1.4% of source-year revenue.

2021 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2021

Asset Growth

50th percentile

11%

Faster asset growth than 50% of similar nonprofits.

2021 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2020 to 2021

Revenue Growth

73rd percentile

33%

Faster revenue growth than 73% of similar nonprofits.

2021 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2020 to 2021

Assets

Up

$73,507,043

Up $7,394,046 (+11%) from 2020

Net Assets

Up

$70,625,932

Up $7,892,063 (+13%) from 2020

Liabilities

Down

$2,881,111

Down $498,017 (-15%) from 2020

Revenue

Up

$17,625,227

Up $4,391,225 (+33%) from 2020

Expenses

Up

$13,307,746

Up $1,077,125 (+8.8%) from 2020

Net Income

Up

$4,317,481

Up $3,314,100 (+330%) from 2020

Historical Trend

Balance Sheet Trend

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

$80M$60M$40M$20M$0Assets 2010: $44,326,245Liabilities 2010: $3,497,657Net Assets 2010: $40,828,5882010Assets 2011: $49,342,718Liabilities 2011: $4,021,567Net Assets 2011: $45,321,1512011Assets 2012: $54,096,104Liabilities 2012: $4,285,156Net Assets 2012: $49,810,9482012Assets 2013: $57,290,849Liabilities 2013: $4,130,662Net Assets 2013: $53,160,1872013Assets 2014: $58,909,320Liabilities 2014: $4,077,436Net Assets 2014: $54,831,8842014Assets 2015: $60,421,015Liabilities 2015: $4,656,776Net Assets 2015: $55,764,2392015Assets 2016: $60,861,546Liabilities 2016: $5,142,749Net Assets 2016: $55,718,7972016Assets 2017: $61,568,574Liabilities 2017: $3,100,741Net Assets 2017: $58,467,8332017Assets 2018: $63,443,547Liabilities 2018: $2,430,264Net Assets 2018: $61,013,2832018Assets 2019: $64,316,786Liabilities 2019: $2,586,298Net Assets 2019: $61,730,4882019Assets 2020: $66,112,997Liabilities 2020: $3,379,128Net Assets 2020: $62,733,8692020Assets 2021: $73,507,043Liabilities 2021: $2,881,111Net Assets 2021: $70,625,9322021Assets 2022: $71,634,434Liabilities 2022: $3,305,307Net Assets 2022: $68,329,1272022Assets 2023: $69,513,259Liabilities 2023: $3,689,565Net Assets 2023: $65,823,6942023

Highlighted filing

2021

Assets$73,507,043
Liabilities$2,881,111
Net Assets$70,625,932

Operations Trend

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

$20M$15M$10M$5.0M$0-$5.0MExpenses 2010: $9,132,2952010Expenses 2011: $9,254,5502011Expenses 2012: $9,613,8282012Expenses 2013: $9,922,4082013Revenue 2014: $12,095,027Expenses 2014: $10,423,330Net Income 2014: $1,671,6972014Revenue 2015: $11,769,947Expenses 2015: $10,837,592Net Income 2015: $932,3552015Revenue 2016: $11,111,633Expenses 2016: $11,157,075Net Income 2016: -$45,4422016Revenue 2017: $13,891,212Expenses 2017: $11,142,176Net Income 2017: $2,749,0362017Revenue 2018: $14,156,396Expenses 2018: $11,610,946Net Income 2018: $2,545,4502018Revenue 2019: $12,851,229Expenses 2019: $12,134,024Net Income 2019: $717,2052019Revenue 2020: $13,234,002Expenses 2020: $12,230,621Net Income 2020: $1,003,3812020Revenue 2021: $17,625,227Expenses 2021: $13,307,746Net Income 2021: $4,317,4812021Revenue 2022: $12,939,706Expenses 2022: $14,748,434Net Income 2022: -$1,808,7282022Revenue 2023: $17,602,995Expenses 2023: $16,543,198Net Income 2023: $1,059,7972023

Highlighted filing

2021

Revenue$17,625,227
Expenses$13,307,746
Net Income$4,317,481
Jump To
Filing Snapshot
Filing Period
Jun 1, 2020 to May 31, 2021
Signed
Apr 13, 2021
Return Version
2020v4.0
Gross Receipts
$17,757,588
Mission and Program Overview

Mission

Seabury hall inspires a high standard of academic achievement through a balanced program nurturing respect and dignity of character rooted in our school and spiritual values.

Prepare students for successful college and university work; move students to develop mind, body, and soul; cause students to realize their responsibility to community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$25,048,622$25,572,026▲ $523,404
Investments in Publicly Traded Securities$20,593,148$20,930,276▲ $337,128
Cash and Non-Interest-Bearing Accounts$2,537,078$5,688,195▲ $3,151,117
Prepaid Expenses and Deferred Charges$100,749$199,629▲ $98,880
Pledges and Grants Receivable-$27,520-
Accounts Receivable$2,048--
Total Assets$66,112,997$73,507,043▲ $7,394,046
Other Assets Total$17,831,352$21,089,397▲ $3,258,045
Liabilities
Other Liabilities$1,187,627$2,061,114▲ $873,487
Unsecured Notes Loans Payable$1,150,405--
Accounts Payable and Accrued Expenses$1,041,096$819,997▼ $221,099
Total Liabilities$3,379,128$2,881,111▼ $498,017
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$35,116,616$38,035,252▲ $2,918,636
Net Assets With Donor Restrictions$27,617,253$32,590,680▲ $4,973,427
Total Net Assets Fund Balance$62,733,869$70,625,932▲ $7,892,063
Total Liabilities and Net Assets / Fund Balance$66,112,997$73,507,043▲ $7,394,046

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$21,907,264$14,230,537$36,137,801
Land$2,890,941-$2,890,941
Equipment$773,821$1,047,132$1,820,953
Other Assets Org$21,089,397--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$32,254,338$162,090▲ $7,296,002-$39,198,490
2019$31,497,391$836,543▲ $390,758-$32,254,338
2018$30,884,638$133,655▲ $884,627-$31,497,391
2017$28,999,186$1,640,560▲ $589,038-$30,884,638
2016$26,419,320$926,463▲ $1,912,796-$28,999,186
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mrs Maureen MaddenHead MasterFT$230,274$9,546$239,820
Mrs Elaine NelsonAdmissions DFT$116,041$16,199$132,240
Mr Jon TodaTech DirectoFT$101,628$15,185$116,813
Ms Natalie WaltersBusiness ManFT$100,791$15,185$115,976
Revenue and Support

Revenue Composition

Contributions and Grants
$3,017,983
Program Service Revenue
$10,314,610
Investment Income
$4,245,541
Other Revenue
$47,093
All Other Contributions
$1,842,504
Change in Net Assets
$4,317,481

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded2$54,330Fair Market Value
Other Non Cash Contri Table25$16,289Fair Market Value
Other Non Cash Contri Table11$9,462Fair Market Value
Total Noncash Contributions38$80,081-

Audited Revenue Reconciliation

Revenue per Audited Statements
$17,625,227
Revenue Not Reported on Form 990
$3,574,582
Total Revenue per Audited Statements
$21,199,809
Total Revenue per Form 990
$17,625,227
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$7,385,197
Other Expenses$3,646,996
Grants and Similar Amounts Paid$2,275,553
Total Fundraising Expense$299,369
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$4,156,875$1,305,400$203,554$5,665,829
Grants to Domestic Individuals$2,275,553--$2,275,553
Depreciation Depletion-$1,170,429-$1,170,429
Other Employee Benefits$513,087$154,282$23,798$691,167
Fees for Services Other$207,243$400,140$4,333$611,716
Payroll Taxes$356,107$104,011$17,053$477,171
All Other Expenses$212,934$142,607$15,667$371,208
Pension Plan Contributions$221,371$81,321$8,518$311,210
Insurance$97,211$200,255$4,361$301,827
Current Officers, Directors, Trustees, and Key Employees$175,825$55,441$8,554$239,820
Occupancy-$206,057-$206,057
Other Expenses$32,508$108,818$5,102$146,428
Advertising-$62,672$1,369$64,041
Office Expenses$1,967$38,533$7,060$47,560
Travel-$6,215-$6,215
Total Functional Expenses$8,803,093$4,205,284$299,369$13,307,746

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$13,307,746
Total Expenses per Audited Statements$13,307,746
Total Expenses per Form 990$13,307,746
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$125,124
Fundraising Direct Expenses$78,031
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tournament$97,886$81,597$33,978$47,619
Maunalei Market$52,312$43,527$32,625$10,902
Total Events$150,198$125,124$78,031$47,093
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Prepaid Tuition and Advanced Deposit$2,061,114
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
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

A copy of the 990 tax return was furnished to the board of trustees for review and approval prior to being filed.

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

The conflict of interest policy is communicated to all staff and board of trustees. Any trustee with a potential conflict of interest is expected to recuse themselves from voting and disclose the conflict. However, seabury hall has not identified any potential conflict of interest.

Form 990, Page 6, Part VI, Line 15A

Compensation for the headmaster is reviewed by the board of trustees and based upon annual goals set forth by the governing body.

Form 990, Page 6, Part VI, Line 15B

There are currently no compensated officers; however, compensation would be determined by the headmaster or the board of trustees as appropriate.

Form 990, Page 6, Part VI, Line 19

Copies of the form 990 and exempt application are available at the business office upon request.

Filing and Contact Details

Filer

Filer Name
Seabury Hall
EIN
99-0110784
Phone
8085727235
Address
480 OLINDA ROAD, MAKAWAO, HI 96768

Signing Officer

Name
Mr Glenn Yamasaki
Title
Treasurer
Phone
8085727235
Signed
2021-04-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mr R Clay Sutherland
Formed
1964
Legal Domicile
Hi
Voting Board Members
23
Independent Board Members
23
Employees
165
Volunteers
198

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, Page 2, Part III, Line 4D

Financial aid to assist those students who are in need and to encourage other students to attend.

Form 990, Part XI, Line 9

Change in perpetual trust 3,574,582

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

The school's endowment funds consist of 17 individual funds for a variety of donor designated purposes.

Schedule D, Page 3, Part X

The school, a not-for-profit corporation, is exempt from federal 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 financial statements. Under that guidance, the school 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 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 2021 or 2020. The school files its forms 990 in the u.s. Federal jurisdiction and the office of the state's attorney general for the state of hawaii. The school is generally no longer subject to examination by the internal revenue service for years before 2018.

Schedule D, Page 4, Part XI, Line 2D

Change in perpetual trust 3,574,582

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IRS990/Form990PartVIISectionAGrp/PersonNm5MR ZADOC BROWN JR
IRS990/Form990PartVIISectionAGrp/PersonNm6MS LEE CARSON
IRS990/Form990PartVIISectionAGrp/PersonNm7MS ANNE CARTER
IRS990/Form990PartVIISectionAGrp/PersonNm8MS CHRISTY CHURCHILL
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE-PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt11TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt12TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt13TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt14TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt15TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt16TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt17TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt18TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt19TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt20TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt21TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt22TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt23HEAD MASTER
IRS990/Form990PartVIISectionAGrp/TitleTxt24ADMISSIONS D
IRS990/Form990PartVIISectionAGrp/TitleTxt25BUSINESS MAN
IRS990/Form990PartVIISectionAGrp/TitleTxt26TECH DIRECTO
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IRS990/FormationYr01964
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IRS990/MissionDesc0PREPARE STUDENTS FOR SUCCESSFUL COLLEGE AND UNIVERSITY WORK; MOVE STUDENTS TO DEVELOP MIND, BODY, AND SOUL; CAUSE STUDENTS TO REALIZE THEIR RESPONSIBILITY TO COMMUNITY.
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IRS990/OtherExpensesGrp/Desc0FOOD SERVICES SUPPLIES
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IRS990/OtherExpensesGrp/Desc2REPAIR AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc3DUES AND SUBSCRIPTIONS
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IRS990/OtherExpensesGrp/ProgramServicesAmt0301034
IRS990/OtherExpensesGrp/ProgramServicesAmt1250163
IRS990/OtherExpensesGrp/ProgramServicesAmt21215
IRS990/OtherExpensesGrp/ProgramServicesAmt332508
IRS990/OtherExpensesGrp/TotalAmt0301034
IRS990/OtherExpensesGrp/TotalAmt1255430

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$69.5$3.69$65.8$17.6$16.5$1.06
2022Summary only. Only limited summary data is available for this year.$71.6$3.31$68.3$12.9$14.7$1.81
2021Detailed filing. Detailed filing data is available for this year.$73.5$2.88$70.6$17.6$13.3$4.32
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$66.1$3.38$62.7$13.2$12.2$1.00
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$64.3$2.59$61.7$12.9$12.1$0.72
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$63.4$2.43$61.0$14.2$11.6$2.55
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$61.6$3.10$58.5$13.9$11.1$2.75
2016Detailed filing. Detailed filing data is available for this year.$60.9$5.14$55.7$11.1$11.2$0.05
2015Detailed filing. Detailed filing data is available for this year.$60.4$4.66$55.8$11.8$10.8$0.93
2014Detailed filing. Detailed filing data is available for this year.$58.9$4.08$54.8$12.1$10.4$1.67
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$57.3$4.13$53.2$9.92
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$54.1$4.29$49.8$9.61
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$49.3$4.02$45.3$9.25
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$44.3$3.50$40.8$9.13