Civic Intelligence

Seabury Hall

990 • Fiscal year 2022 • EIN 99-0110784

Jun 01, 2021 to May 31, 2022 • Filed on Mar 27, 2023

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

0.05x

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

2022 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2022

Liabilities / Revenue

42nd percentile

0.26x

Higher debt load relative to revenue than 42% of similar nonprofits.

2022 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2022

Net Margin

12th percentile

-14%

Higher net margin than 12% of similar nonprofits.

2022 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2022

Top Officer Pay

49th percentile

$349,485

Higher top officer pay than 49% of similar nonprofits.

Top officer pay equals 2.7% of source-year revenue.

2022 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2022

Asset Growth

44th percentile

-2.5%

Faster asset growth than 44% of similar nonprofits.

2022 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2021 to 2022

Revenue Growth

14th percentile

-27%

Faster revenue growth than 14% of similar nonprofits.

2022 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2021 to 2022

Assets

Flat

$71,634,434

Flat from 2022

Net Assets

Flat

$68,329,127

Flat from 2022

Liabilities

Flat

$3,305,307

Flat from 2022

Revenue

Flat

$12,939,706

Flat from 2022

Expenses

Flat

$14,748,434

Flat from 2022

Net Income

Flat

-$1,808,728

Flat from 2022

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 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

2022

Assets$71,634,434
Liabilities$3,305,307
Net Assets$68,329,127

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 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

2022

Revenue$12,939,706
Expenses$14,748,434
Net Income-$1,808,728
Jump To
Filing Snapshot
Filing Period
Jun 1, 2021 to May 31, 2022
Signed
Mar 27, 2023
Return Version
2021v4.0
Gross Receipts
$13,234,172
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$25,572,026$25,589,969▲ $17,943
Investments in Publicly Traded Securities$20,930,276$20,003,918▼ $926,358
Cash and Non-Interest-Bearing Accounts$5,688,195$5,203,956▼ $484,239
Prepaid Expenses and Deferred Charges$199,629$235,271▲ $35,642
Pledges and Grants Receivable$27,520--
Total Assets$73,507,043$71,634,434▼ $1,872,609
Other Assets Total$21,089,397$20,601,320▼ $488,077
Liabilities
Other Liabilities$2,061,114$2,332,737▲ $271,623
Accounts Payable and Accrued Expenses$819,997$972,570▲ $152,573
Total Liabilities$2,881,111$3,305,307▲ $424,196
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$38,035,252$37,113,702▼ $921,550
Net Assets With Donor Restrictions$32,590,680$31,215,425▼ $1,375,255
Total Net Assets Fund Balance$70,625,932$68,329,127▼ $2,296,805
Total Liabilities and Net Assets / Fund Balance$73,507,043$71,634,434▼ $1,872,609

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$21,800,055$15,126,551$36,926,606
Land$2,890,941-$2,890,941
Equipment$898,973$1,374,378$2,273,351
Other Assets Org$20,601,320--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$39,198,490$411,579▼ $1,534,345-$37,442,710
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
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Ms Maureen MaddenHead MasterFT$247,756$101,729$349,485
Ms Elaine NelsonAdmissions DFT$127,106$14,631$141,737
Ms Natalie WaltersBusiness ManFT$113,527$15,923$129,450
Mr Jon TodaTech DirectoFT$110,274$16,560$126,834
Revenue and Support

Revenue Composition

Contributions and Grants
$1,801,969
Program Service Revenue
$12,306,279
Investment Income
$-1,208,927
Other Revenue
$40,385
All Other Contributions
$1,801,969
Change in Net Assets
$-1,808,728

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 Traded1$253,085Fair Market Value
Other Non Cash Contri Table2$225Fair Market Value
Total Noncash Contributions3$253,310-

Audited Revenue Reconciliation

Revenue per Audited Statements
$12,939,706
Revenue Not Reported on Form 990
$-488,077
Total Revenue per Audited Statements
$12,451,629
Total Revenue per Form 990
$12,939,706
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$7,978,362
Other Expenses$4,281,229
Grants and Similar Amounts Paid$2,488,843
Total Fundraising Expense$372,551
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$4,612,715$1,315,470$225,255$6,153,440
Grants to Domestic Individuals$2,488,843--$2,488,843
Depreciation Depletion$978,607$244,652-$1,223,259
Other Employee Benefits$522,262$162,539$27,271$712,072
Fees for Services Other$205,813$481,598$19,659$707,070
Payroll Taxes$374,246$105,815$19,034$499,095
All Other Expenses$194,490$142,077$25,758$362,325
Pension Plan Contributions$246,729$81,970$12,838$341,537
Insurance$135,928$191,279$8,941$336,148
Current Officers, Directors, Trustees, and Key Employees$203,484$58,740$9,994$272,218
Occupancy$183,246$45,812-$229,058
Other Expenses$57,610$109,656-$167,266
Travel$101,576$1,240-$102,816
Office Expenses$26,892$50,773$20,179$97,844
Advertising-$31,120$3,622$34,742
Total Functional Expenses$11,305,017$3,070,866$372,551$14,748,434

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$14,748,434
Total Expenses per Audited Statements$14,748,434
Total Expenses per Form 990$14,748,434
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$81,597
Fundraising Direct Expenses$41,212
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tournament$81,597$81,597$24,732$56,865
Total Events$81,597$81,597$41,212$40,385
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$2,332,737
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
2023-03-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mr R Clay Sutherland
Formed
1964
Legal Domicile
Hi
Voting Board Members
21
Independent Board Members
21
Employees
170
Volunteers
346

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 value of perpetual trust -488,077

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 2022 or 2021. 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 2019.

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

Change in value of perpetual trust -488,077

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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/TitleTxt21HEAD MASTER
IRS990/Form990PartVIISectionAGrp/TitleTxt22ADMISSIONS D
IRS990/Form990PartVIISectionAGrp/TitleTxt23BUSINESS MAN
IRS990/Form990PartVIISectionAGrp/TitleTxt24TECH DIRECTO
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01964
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IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0true
IRS990/FundraisingDirectExpensesAmt041212
IRS990/FundraisingGrossIncomeAmt081597
IRS990/GainOrLossGrp/SecuritiesAmt0-279
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IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
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IRS990/IncludeFIN48FootnoteInd0true
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IRS990/InsuranceGrp/ProgramServicesAmt0135928
IRS990/InsuranceGrp/TotalAmt0336148
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IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
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.
IRS990/MoreThan5000KToIndividualsInd0false
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IRS990/OtherExpensesGrp/Desc2REPAIR AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2109656
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IRS990/OtherExpensesGrp/ProgramServicesAmt1337428
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IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0246729
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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0235271
IRS990/PrincipalOfficerNm0MR R CLAY SUTHERLAND
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/BusinessCd2611710
IRS990/ProgramServiceRevenueGrp/BusinessCd3611710
IRS990/ProgramServiceRevenueGrp/Desc0TUITION AND FEES
IRS990/ProgramServiceRevenueGrp/Desc1AUXILLARY INCOME
IRS990/ProgramServiceRevenueGrp/Desc2SUMMER SCHOOL AND ACTIVITIES
IRS990/ProgramServiceRevenueGrp/Desc3PERFORMING ARTS PROGRAM
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt011377016
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1686511
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2214972
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt327780
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt011377016
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1686511
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2214972
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt327780
IRS990/ProgSrvcAccomActy2Grp/Desc0AUXILIARY ACTIVITIES INCLUDING RENTAL HOUSING FOR FACULTY AND SUMMER HOUSING FOR VISITING STUDENTS.

Document Assets

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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
2022Detailed filing. Detailed filing data is available for this year.$71.6$3.31$68.3$12.9$14.7$1.81
2022Summary only. Only limited summary data is available for this year.$71.6$3.31$68.3$12.9$14.7$1.81
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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