Civic Intelligence

Hawaii Public Charter Schools Network

990 • Fiscal year 2017 • EIN 99-0344930

Jul 01, 2016 to Jun 30, 2017 • Filed on Nov 14, 2017

PO Box 38101Honolulu, HI 96837

(808) 380-6403

Siviq Scores

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

Liabilities / Assets

56th percentile

0.00x

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

56th percentile

0.00x

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

24th percentile

-9.0%

Higher net margin than 24% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

96th percentile

$70,681

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 34.3% of source-year revenue.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

17th percentile

-26%

Faster asset growth than 17% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

78th percentile

30%

Faster revenue growth than 78% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Down

$52,759

Down $18,581 (-26%) from 2016

Net Assets

Down

$52,759

Down $18,581 (-26%) from 2016

Liabilities

$0

No earlier filing loaded for comparison.

Revenue

Up

$206,081

Up $47,529 (+30%) from 2016

Expenses

Up

$224,662

Up $41,825 (+23%) from 2016

Net Income

Up

-$18,581

Up $5,704 (+23%) from 2016

Historical Trend

Balance Sheet Trend

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

$100K$50K$0Assets 2010: $27,684Net Assets 2010: $27,6842010Assets 2011: $37,566Net Assets 2011: $37,5662011Assets 2012: $40,585Liabilities 2012: $3,024Net Assets 2012: $37,5612012Assets 2013: $81,947Liabilities 2013: $0Net Assets 2013: $81,9472013Assets 2014: $47,980Liabilities 2014: $282Net Assets 2014: $47,6982014Assets 2015: $99,239Liabilities 2015: $3,614Net Assets 2015: $95,6252015Assets 2016: $71,340Net Assets 2016: $71,3402016Assets 2017: $52,759Liabilities 2017: $0Net Assets 2017: $52,7592017Assets 2018: $28,949Liabilities 2018: $597Net Assets 2018: $28,3522018Assets 2023: $59,723Liabilities 2023: $02023

Highlighted filing

2017

Assets$52,759
Liabilities$0
Net Assets$52,759

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2010: $61,350Expenses 2010: $103,828Net Income 2010: -$42,4782010Revenue 2011: $126,712Expenses 2011: $116,830Net Income 2011: $9,8822011Revenue 2012: $200,477Expenses 2012: $200,482Net Income 2012: -$52012Revenue 2013: $240,424Expenses 2013: $199,061Net Income 2013: $41,3632013Revenue 2014: $391,298Expenses 2014: $425,547Net Income 2014: -$34,2492014Revenue 2015: $163,276Expenses 2015: $115,349Net Income 2015: $47,9272015Revenue 2016: $158,552Expenses 2016: $182,837Net Income 2016: -$24,2852016Revenue 2017: $206,081Expenses 2017: $224,662Net Income 2017: -$18,5812017Revenue 2018: $167,853Expenses 2018: $186,461Net Income 2018: -$18,6082018Revenue 2023: $9,444Expenses 2023: $4,880Net Income 2023: $4,5642023

Highlighted filing

2017

Revenue$206,081
Expenses$224,662
Net Income-$18,581
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Nov 14, 2017
Return Version
2016v3.0
Gross Receipts
$206,081
Mission and Program Overview

Mission

Through lokahi for our children and community, the purpose of the network shall be to enable, support, and unify charter schools and the charter school system in the state of hawaii. The activities of the network shall include linking charter schools in the state of hawaii to each other and to the charter efforts in other states, providing information and services to schools and individuals interested in establishing or improving the performance of charter schools in hawaii, promoting and conducting research on educational reform, serving as a vendor for services needed by charter schools, and promoting partnerships with businesses and organizations for both the network and its member schools.

To provide a communication link between charter schools throughout the state of hawaii, a link to charter schools nationally, and internationally.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$71,340$52,759▼ $18,581
Total Assets$71,340$52,759▼ $18,581
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$71,340$52,759▼ $18,581
Total Net Assets Fund Balance$71,340$52,759▼ $18,581
Total Liabilities and Net Assets / Fund Balance$71,340$52,759▼ $18,581
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Jeannine SoukiExecutive DiFT$70,681$70,681

Board Members and Trustees

NameTitle
Shannon ClearyPresident
Daniel CaluyaPresident to
Dennis HokamaDirector
Usha KotnerDirector
Brad RussellDirector Since 11
Steve HirakamiDirector Since 11
James DixonSecretary
Anthony BaldomeroTreasurer
Patricia BrandtVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$204,239
Program Service Revenue
$1,301
Investment Income
$0
Other Revenue
$541
All Other Contributions
$97,514
Change in Net Assets
$-18,581

Audited Revenue Reconciliation

Revenue per Audited Statements
$206,081
Revenue Not Reported on Form 990
$4,977
Total Revenue per Audited Statements
$211,058
Total Revenue per Form 990
$206,081
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$150,862
Other Expenses$73,800
Total Fundraising Expense$22,463
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$64,667$12,934$8,621$86,222
Other Salaries and Wages$42,978$8,596$5,729$57,303
Fees for Services Other$34,100$6,819$4,547$45,466
Travel$8,748$1,750$1,166$11,664
Payroll Taxes$5,503$1,101$733$7,337
Other Expenses$3,193$638$425$4,256
Information Technology$2,348$470$313$3,131
Fees for Services Accounting$1,880$376$250$2,506
Conferences and Meetings$1,740$348$232$2,320
Insurance$1,526$305$204$2,035
Office Expenses$1,266$252$169$1,687
Occupancy$551$110$74$735
Total Functional Expenses$168,500$33,699$22,463$224,662

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$229,639
Expenses per Audited Statements$224,662
Total Expenses per Form 990$224,662
Expenses Not Reported on Form 990$4,977
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
Yes
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
No
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, Page 6, Part VI, Line 4

The network's bylaws were amended on february 2017. Changes included clarifying membership and elections of the board of directors; resignation or removal of non-active board members; terms and role of the executive council and other updates for style and consistency.

Form 990, Page 6, Part VI, Line 6

The network has five categories of membership: (1) charter schools; (2) individual members; (3) associate members; (4) organizationa/institutional members; and (5) corporate sponsor/partner members.

Form 990, Page 6, Part VI, Line 11B

Finance committe reviews and approves tax return before it is filed with the internal revenue service.

Form 990, Page 6, Part VI, Line 19

Governing documents are provided upon request.

Filing and Contact Details

Filer

Filer Name
Hawaii Public Charter Schools
EIN
99-0344930
Phone
8083806403
Address
PO BOX 38101, HONOLULU, HI 96837

Signing Officer

Name
Anthony Baldomero
Title
Treasurer
Phone
8089653730
Signed
2017-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jeannine Souki
Formed
1998
Legal Domicile
Hi
Voting Board Members
8
Independent Board Members
8
Employees
1
Volunteers
9

Preparer

Firm
Jay Miyaki CPA LLC
Address
600 QUEEN ST SUITE C-4, HONOLULU, HI 96813-5113
Preparer
Jay Miyaki
Phone
8085221042
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Through lokahi for our children and community, the purpose of the network shall be to enable, support, and unify charter schools and the charter school system in the state of hawaii. The activities of the network shall include linking charter schools in the state of hawaii to each other and to the charter efforts in other states, providing information and services to schools and individuals interested in establishing or improving the performance of charter schools in hawaii, promoting and conducting research on educational reform, serving as a vendor for services needed by charter schools, and promoting partnerships with businesses and organizations for both the network and its member schools.

Form 990, Part IX, Line 11G

Member support 34,100 6,819 4,547

Raw XML AppendixShowing 400 of 421 raw XML fields

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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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0MEMBER SERVICE FEES 30,184 CONTRACT REVENUE 16,100 CONFERENCE FEES 34,540 OTHER 541
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0154415
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0147380
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0147380
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0158262
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0805584
IRS990ScheduleA/TotalSupportAmt0886949
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IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
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IRS990ScheduleC/MailingsMembersInd0true
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IRS990ScheduleC/PaidStaffOrManagementInd0true
IRS990ScheduleC/PublicationsOrBroadcastInd0false
IRS990ScheduleC/RalliesDemonstrationsInd0false
IRS990ScheduleC/SupplementalInformationDetail/ExplanationTxt0HPCSN ADVOCATES AND SUPPORTS QUALITY PUBLIC CHARTER SCHOOLS IN HAWAII. HPCSN DOES NOT ENGAGE IN POLITICAL ACTIVITIES AND DOES NOT ENDORSE THE VIEWS OF ANY POLITICAL CANDIDATES OR AFFILIATED PARTIES. VOLUNTEER BOARDMEMBERS AND THE EXECUTIVE DIRECTOR MEET WITH STATE AND ELECTED OFFICIALS TO DISCUSS ISSUES AFFECTING CHARTER SCHOOLS IN HAWAII.
IRS990ScheduleC/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE C, PART II-B, LINE 1
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IRS990ScheduleD/DonatedServicesUseFcltsAmt04977
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THROUGH LOKAHI FOR OUR CHILDREN AND COMMUNITY, THE PURPOSE OF THE NETWORK SHALL BE TO ENABLE, SUPPORT, AND UNIFY CHARTER SCHOOLS AND THE CHARTER SCHOOL SYSTEM IN THE STATE OF HAWAII. THE ACTIVITIES OF THE NETWORK SHALL INCLUDE LINKING CHARTER SCHOOLS IN THE STATE OF HAWAII TO EACH OTHER AND TO THE CHARTER EFFORTS IN OTHER STATES, PROVIDING INFORMATION AND SERVICES TO SCHOOLS AND INDIVIDUALS INTERESTED IN ESTABLISHING OR IMPROVING THE PERFORMANCE OF CHARTER SCHOOLS IN HAWAII, PROMOTING AND CONDUCTING RESEARCH ON EDUCATIONAL REFORM, SERVING AS A VENDOR FOR SERVICES NEEDED BY CHARTER SCHOOLS, AND PROMOTING PARTNERSHIPS WITH BUSINESSES AND ORGANIZATIONS FOR BOTH THE NETWORK AND ITS MEMBER SCHOOLS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE NETWORK'S BYLAWS WERE AMENDED ON FEBRUARY 2017. CHANGES INCLUDED CLARIFYING MEMBERSHIP AND ELECTIONS OF THE BOARD OF DIRECTORS; RESIGNATION OR REMOVAL OF NON-ACTIVE BOARD MEMBERS; TERMS AND ROLE OF THE EXECUTIVE COUNCIL AND OTHER UPDATES FOR STYLE AND CONSISTENCY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE NETWORK HAS FIVE CATEGORIES OF MEMBERSHIP: (1) CHARTER SCHOOLS; (2) INDIVIDUAL MEMBERS; (3) ASSOCIATE MEMBERS; (4) ORGANIZATIONA/INSTITUTIONAL MEMBERS; AND (5) CORPORATE SPONSOR/PARTNER MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FINANCE COMMITTE REVIEWS AND APPROVES TAX RETURN BEFORE IT IS FILED WITH THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS ARE PROVIDED UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5MEMBER SUPPORT 34,100 6,819 4,547
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0168500
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IRS990/TravelGrp/FundraisingAmt01166
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IRS990/TravelGrp/TotalAmt011664
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IRS990/TypeOfOrganizationCorpInd0X
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IRS990/UnrestrictedNetAssetsGrp/BOYAmt071340
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IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0C/O PO BOX 38101
IRS990/USAddress/CityNm0HONOLULU
IRS990/USAddress/StateAbbreviationCd0HI
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IRS990/WebsiteAddressTxt0HTTP://HAWAIICHARTERSCHOOLS.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ANTHONY BALDOMERO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum08089653730
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HAWAII PUBLIC CHARTER SCHOOLS
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0NETWORK
ReturnHeader/Filer/BusinessNameControlTxt0HAWA
ReturnHeader/Filer/EIN0990344930

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