Civic Intelligence

Hualalai Academy Incorported

990 • Fiscal year 2015 • EIN 99-0312113

Jul 01, 2014 to Jun 30, 2015 • Filed on Apr 01, 2016

Organization ProfileWWW.HUALALAI.ORG

View Organization Page

75-6099 Kuakini HwyKailuakona, HI 96740

(808) 326-9866

Siviq Scores

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

Liabilities / Assets

25th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Liabilities / Revenue

25th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Net Margin

1st percentile

-355%

Higher net margin than 1% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Asset Growth

18th percentile

-8.6%

Faster asset growth than 18% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Revenue Growth

1st percentile

-98%

Faster revenue growth than 1% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets25th percentile

Assets

Down

$561,977

Down $52,917 (-8.6%) from 2014

Net Assets

Down

$561,977

Down $39,722 (-6.6%) from 2014

Liabilities

Down

$0

Down $13,195 (-100%) from 2014

Revenue And Expenses
Liabilities / Revenue25th percentileNet Margin1st percentile

Revenue

Down

$11,202

Down $437,248 (-98%) from 2014

Expenses

Down

$50,924

Down $2,153,892 (-98%) from 2014

Net Income

Up

-$39,722

Up $1,716,644 (+98%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth18th percentile

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

$6.0M$4.0M$2.0M$0Assets 2010: $5,259,521Liabilities 2010: $2,118,459Net Assets 2010: $3,141,0622010Assets 2011: $5,068,697Liabilities 2011: $2,205,226Net Assets 2011: $2,863,4712011Assets 2012: $4,815,933Liabilities 2012: $2,160,054Net Assets 2012: $2,655,8792012Assets 2013: $4,559,863Liabilities 2013: $2,201,898Net Assets 2013: $2,357,9652013Assets 2014: $614,894Liabilities 2014: $13,195Net Assets 2014: $601,6992014Assets 2015: $561,977Liabilities 2015: $0Net Assets 2015: $561,9772015Assets 2016: $558,359Liabilities 2016: $0Net Assets 2016: $558,3592016Assets 2017: $555,519Liabilities 2017: $0Net Assets 2017: $555,5192017

Highlighted filing

2015

Assets$561,977
Liabilities$0
Net Assets$561,977
Open 2015 Filing

Operations Trend

Revenue Growth1st percentile

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

$4.0M$2.0M$0-$2.0MExpenses 2010: $2,383,3972010Expenses 2011: $2,117,2502011Expenses 2012: $2,152,5022012Revenue 2013: $1,915,776Expenses 2013: $2,197,674Net Income 2013: -$281,8982013Revenue 2014: $448,450Expenses 2014: $2,204,816Net Income 2014: -$1,756,3662014Revenue 2015: $11,202Expenses 2015: $50,924Net Income 2015: -$39,7222015Revenue 2016: $0Expenses 2016: $3,618Net Income 2016: -$3,6182016Revenue 2017: $404Expenses 2017: $3,244Net Income 2017: -$2,8402017

Highlighted filing

2015

Revenue$11,202
Expenses$50,924
Net Income-$39,722
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Apr 1, 2016
Return Version
2014v6.0
Gross Receipts
$11,202
Mission and Program Overview

Mission

Hualalai academy is a not for profit organization committed to providing academic excellence for school children from grades kindergarten through twelfth. The school prepares students for a future of cultural, environmental and technological changes.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$597,282$561,977▼ $35,305
Accounts Receivable$17,612$0▼ $17,612
Land, Buildings, and Equipment, Net-$0-
Total Assets$614,894$561,977▼ $52,917
Liabilities
Accounts Payable and Accrued Expenses$13,195$0▼ $13,195
Mortgage Notes Payable Secured by Investment Property-$0-
Deferred Revenue-$0-
Total Liabilities$13,195$0▼ $13,195
Net Assets / Fund Balance
Unrestricted Net Assets$518,702$478,980▼ $39,722
Temporarily Rstr Net Assets$82,997$82,997→ $0
Permanently Rstr Net Assets-$0-
Total Net Assets Fund Balance$601,699$561,977▼ $39,722
Total Liabilities and Net Assets / Fund Balance$614,894$561,977▼ $52,917

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$0--$0-
2013$116,303--$116,303-
2012$116,383-▲ $565$645$116,303
2011$116,781-▲ $599$997$116,383
2010$116,285-▲ $646$150$116,781
Compensation and Service Providers
Top Officer Pay49th percentile

Board Members and Trustees

NameTitle
Matthew JamesPresident
Carl HulenDirector
Felicity JohnsonDirector
Shawn NakoaDirector
Tom Morton JrDirector
John ColsonCEO/head of School
Karen AuSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$30
Investment Income
$150
Other Revenue
$11,022
Change in Net Assets
$-39,722
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$48,213
Salaries, Compensation, and Employee Benefits$2,711
Total Fundraising Expense$1,050
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$15,973$2,701$617$19,291
Office Expenses$4,442$751$172$5,365
Occupancy$3,905$660$151$4,716
Payroll Taxes$1,311$222$51$1,584
Insurance$501$85$19$605
Other Employee Benefits$478$81$18$577
Other Salaries and Wages$455$77$18$550
Other Expenses$112$19$4$135
Total Functional Expenses$44,918$4,956$1,050$50,924
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
No
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 11

“The finance committee reviews and recommends approval to the board of directors. The board of directors finalizes and approves the issuance of form 990.”

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

“The organization requires all officers, directors and key employees to sign an annual conflict of interest policy. Documents signed annually at first board of directors meeting of the new fiscal year.”

Form 990, Part VI, Section B, Line 15A

“A subcommittee comprised of members of the board of directors provide authority and policy decisions related to compensation of the head of school. The committee reviews comparability data in the area as well as consideration of other salaries in other areas of hawaii and nationally. Final determination is based on an annual review. This process was last completed in 2013 and is documented in the personnel file. The committee is in the process of establishing compensation policies for other executives and key employees.”

Form 990, Part VI, Section C, Line 19

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

Filing and Contact Details

Filer

Filer Name
Hualalai Academy Inc
EIN
99-0312113
Phone
8083269866
Address
75-6099 KUAKINI HWY, KAILUAKONA, HI 96740

Signing Officer

Name
Dr Matthew James
Title
President
Phone
8083269866
Signed
2016-04-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr Matthew James
Formed
1994
Legal Domicile
Hi
Voting Board Members
6
Independent Board Members
6
Employees
24
Volunteers
7

Preparer

Firm
Cw Associates Cpas
Address
700 BISHOP STREET SUITE 1040, HONOLULU, HI 96813
Preparer
Mark a Hayes
Phone
8085311040
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Professional fees : program service expenses 15,973. Management and general expenses 2,701. Fundraising expenses 617. Total expenses 19,291.”

Financial Statement Notes

PART V, LINE 4:

“The intended use of the organization's term endowment funds is to continue the programs of the organization. The intended use of the organization's permanent endowment funds is to provide income solely for the maintenance and upkeep of the academy's harry and jeanette weinberg building. Endowment funds were used to pay off the organization's line of credit, and the remaining balance was deposited into its operating account.”

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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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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE INTENDED USE OF THE ORGANIZATION'S TERM ENDOWMENT FUNDS IS TO CONTINUE THE PROGRAMS OF THE ORGANIZATION. THE INTENDED USE OF THE ORGANIZATION'S PERMANENT ENDOWMENT FUNDS IS TO PROVIDE INCOME SOLELY FOR THE MAINTENANCE AND UPKEEP OF THE ACADEMY'S HARRY AND JEANETTE WEINBERG BUILDING. ENDOWMENT FUNDS WERE USED TO PAY OFF THE ORGANIZATION'S LINE OF CREDIT, AND THE REMAINING BALANCE WAS DEPOSITED INTO ITS OPERATING ACCOUNT.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
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 SCHOOL PUBLICIZES ITS RACIALLY NONDISCRIMINATORY POLICY VIA ITS WEBSITE, LITERATURE AND PROMOTIONAL MATERIALS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FINANCE COMMITTEE REVIEWS AND RECOMMENDS APPROVAL TO THE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS FINALIZES AND APPROVES THE ISSUANCE OF FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION REQUIRES ALL OFFICERS, DIRECTORS AND KEY EMPLOYEES TO SIGN AN ANNUAL CONFLICT OF INTEREST POLICY. DOCUMENTS SIGNED ANNUALLY AT FIRST BOARD OF DIRECTORS MEETING OF THE NEW FISCAL YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A SUBCOMMITTEE COMPRISED OF MEMBERS OF THE BOARD OF DIRECTORS PROVIDE AUTHORITY AND POLICY DECISIONS RELATED TO COMPENSATION OF THE HEAD OF SCHOOL. THE COMMITTEE REVIEWS COMPARABILITY DATA IN THE AREA AS WELL AS CONSIDERATION OF OTHER SALARIES IN OTHER AREAS OF HAWAII AND NATIONALLY. FINAL DETERMINATION IS BASED ON AN ANNUAL REVIEW. THIS PROCESS WAS LAST COMPLETED IN 2013 AND IS DOCUMENTED IN THE PERSONNEL FILE. THE COMMITTEE IS IN THE PROCESS OF ESTABLISHING COMPENSATION POLICIES FOR OTHER EXECUTIVES AND KEY EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PROFESSIONAL FEES : PROGRAM SERVICE EXPENSES 15,973. MANAGEMENT AND GENERAL EXPENSES 2,701. FUNDRAISING EXPENSES 617. TOTAL EXPENSES 19,291.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt082997
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt082997
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0614894
IRS990/TotalAssetsEOYAmt0561977
IRS990/TotalAssetsGrp/BOYAmt0614894
IRS990/TotalAssetsGrp/EOYAmt0561977
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt024
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt01050
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt04956
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt044918
IRS990/TotalFunctionalExpensesGrp/TotalAmt050924
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt013195
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt013195
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0601699
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0561977
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt044918
IRS990/TotalProgramServiceRevenueAmt030
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt011202
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt011202
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0614894
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0561977
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0518702
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0478980
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt075-6099 KUAKINI HWY
IRS990/USAddress/CityNm0KAILUAKONA
IRS990/USAddress/StateAbbreviationCd0HI
IRS990/USAddress/ZIPCd096740
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0WWW.HUALALAI.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02016-08-17 19:52:53Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0DR MATTHEW JAMES
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08083269866
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-04-01
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HUALALAI ACADEMY INC
ReturnHeader/Filer/BusinessNameControlTxt0HUAL
ReturnHeader/Filer/EIN0990312113
ReturnHeader/Filer/PhoneNum08083269866
ReturnHeader/Filer/USAddress/AddressLine1Txt075-6099 KUAKINI HWY
ReturnHeader/Filer/USAddress/CityNm0KAILUAKONA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0HI
ReturnHeader/Filer/USAddress/ZIPCd096740
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0261659234
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CW ASSOCIATES CPAS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0700 BISHOP STREET SUITE 1040
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0HONOLULU
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0HI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd096813
ReturnHeader/PreparerPersonGrp/PhoneNum08085311040
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MARK A HAYES
ReturnHeader/ReturnTs02016-04-02T14:37:45-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-07-01
ReturnHeader/TaxPeriodEndDt02015-06-30
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$561,977
Liabilities
$0
Net assets
$561,977
Revenue
$11,202
Expenses
$50,924
Net income
-$39,722
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2017Detailed filing. Detailed filing data is available for this year.$0.56$0.00$0.56$0.00$0.00$0.00
2016Detailed filing. Detailed filing data is available for this year.$0.56$0.00$0.56$0.00$0.00$0.00
2015Detailed filing. Detailed filing data is available for this year.$0.56$0.00$0.56$0.01$0.05$0.04
2014Detailed filing. Detailed filing data is available for this year.$0.61$0.01$0.60$0.45$2.20$1.76
2013Summary only. Only limited summary data is available for this year.$4.56$2.20$2.36$1.92$2.20$0.28
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.82$2.16$2.66$2.15
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.07$2.21$2.86$2.12
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.26$2.12$3.14$2.38