2024-05-16T03:03:02-05:00 2023-06-30 465002021 ALEX J SMITH CPA 1403 FRANK STREET HONOLULU HI 96816 990 2022-07-01 043660909 PACIFIC BUDDHIST ACADEMY PACI 8085322649 1754 LUSITANA STREET HONOLULU HI 96813 JOSH HERNANDEZ MORSE HEAD OF SCHOOL 8085322649 2024-05-15 1 JOSH HERNANDEZ MORSE 999009999 1 ALEX J SMITH P00994702 8089271725 X 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JOSH HERNANDEZ MORSE 1754 LUSITANA STREET HONOLULU HI 96813 2223395 0 X WWW.PACIFICBUDDHISTACADEMY.ORG X 2002 HI DEVELOPING AND OPERATING A HIGH SCHOOL WITH AN ACADEMICALLY CHALLENGING CURRICULUM THAT IS ROOTED IN BUDDHIST VALUES AND THAT IS ACCREDITED, AFFORDABLE, SAFE, AND OPEN TO ALL. 11 11 28 20 0 0 595097 631963 1514634 1432315 4612 31401 8346 72122 2122689 2167801 155101 173800 0 0 1314713 1295592 0 0 201877 806428 811520 2276242 2280912 -153553 -113111 10279962 10323464 129615 181829 10150347 10141635 DEVELOPING AND OPERATING A HIGH SCHOOL WITH AN ACADEMICALLY CHALLENGING CURRICULUM THAT IS ROOTED IN BUDDHIST VALUES AND THAT IS ACCREDITED, AFFORDABLE, SAFE, AND OPEN TO ALL. 0 0 1500252 173800 1436315 PACIFIC BUDDHIST ACADEMY (PBA) IS AN HAIS- AND WASC-ACCREDITED NON-PROFIT INDEPENDENT SCHOOL WHOSE MISSION IS TO PREPARE STUDENTS FOR COLLEGE THROUGH ACADEMIC EXCELLENCE; TO ENRICH THEIR LIVES WITH BUDDHIST VALUES; AND TO DEVELOP THEIR COURAGE TO NURTURE PEACE. PROGRAM OFFERINGS INCLUDE LEADERSHIP DEVELOPMENT THROUGH COMMUNITY ENGAGEMENT AND INTERNSHIPS, MIXED GRADE-LEVEL ADVISORIES, EXCHANGE PROGRAMS WITH SISTER SCHOOLS IN JAPAN, FINE AND PERFORMING ARTS WITH EMPHASIS ON JAPANESE CULTURAL ARTS LIKE SADO AND TAIKO, AND INTERSCHOLASTIC CLUBS AND SPORTS IN THE ILH AND PAC-FIVE. PBA CURRENTLY SERVES 75 STUDENTS OF DIVERSE BACKGROUNDS, INCLUDING INTERNATIONAL AND NEURODIVERGENT LEARNERS. PBA IS IN ITS 20TH ACADEMIC YEAR AND HAS HAD OVER 251 GRADUATES ACCEPTED TO COLLEGES THROUGHOUT THE U.S., EUROPE, AND JAPAN. 1500252 1 1 0 0 0 0 0 0 1 1 1 0 0 0 0 1 0 0 1 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 5 0 28 1 0 0 0 0 0 1 1 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 X THE ORGANIZATION 8085322649 1754 LUSITANA STREET HONOLULU HI 96813 EUGENE NISHIMURA CHAIR 5.00 X X 0 0 0 SCOTT NISHIMOTO SECRETARY 5.00 X X 0 0 0 JON TERAIZUMI TREASURER 5.00 X X 0 0 0 CINDY ALM TRUSTEE 2.00 X 0 0 0 SOPHIE HALLIDAY TRUSTEE 2.00 X 0 0 0 REVEREND YUIKA HASEBE TRUSTEE 2.00 X 0 0 0 CAROLE HAYASHINO TRUSTEE 2.00 X 0 0 0 JAYMI LUKACS TRUSTEE 2.00 X 0 0 0 BISHOP TOSHIYUKI UMITANI TRUSTEE 2.00 X 0 0 0 DR WARREN TAMAMOTO TRUSTEE 2.00 X 0 0 0 JOOANN YOSEMORI TRUSTEE 2.00 X 0 0 0 JOSH HERNANDEZ MORSE HEAD OF SCHOOL 40.00 X 112499 0 13800 112499 0 13800 1 0 0 0 0 49780 210679 371504 631963 TUITION AND FEES, NET 611710 1432315 1432315 1432315 31401 31401 123716 49780 55594 68122 68122 4000 4000 4000 2167801 1436315 0 99523 173800 173800 136456 27291 105071 4094 901790 556136 232254 113400 19850 12555 5202 2093 101311 65326 24612 11373 136185 78792 42337 15056 35286 8334 25797 1155 3567 400 941 2226 3833 3833 64736 30758 13953 20025 58352 25340 24629 8383 65345 57862 6483 1000 13255 6836 6187 232 551 228 268 55 333586 283548 33359 16679 40869 40869 OTHER PROGRAM EXPENSES 141663 139094 1317 1252 REPAIRS & MAINTENANCE 45427 32104 12907 416 DUES & SUBSCRIPTIONS 4047 1848 1594 605 1003 1003 2280912 1500252 578783 201877 111602 416178 767612 704888 27779 15279 27764 68027 31855 3654 9592720 2366756 7557379 7225964 1755971 1889474 10279962 10323464 94778 131807 31207 46392 3630 3630 129615 181829 X 8368871 8246656 1781476 1894979 10150347 10141635 10279962 10323464 -113111 104399 0 X 0 0 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 2534646 372429 116827 173800 194678 2655424 2240347 376809 155101 -72591 2534646 1956779 361847 255749 127600 206428 2240347 1985234 112244 28847 123641 45905 1956779 1980081 146483 56459 123220 74569 1985234 0.28640 0.18830 0.52530 0 0 8781853 1647117 7134736 734838 677152 57686 76029 42487 33542 7225964 X PART IV, LINE 2B: ESCROW ACCOUNTS REPRESENT STUDENT CLASS FUNDS, HELD ON THEIR BEHALF FOR FUTURE CLASS PROJECTS. PART V, LINE 4: SCHOLARSHP FUNDS $1,310,826 ENDOWMENT FOR BLDG MAINENANCE 500,000 DONOR RESTRICTED FOR BUILDING MAINTENANCE 34,153 BOARD DESIGNATED FOR RESERVE 713,171 BOARD DESIGNATED FOR PROFESSIONAL DEVELOPMENT 47,274 RESTRICTED FOR FINANCIAL AID 50,000 TOTAL $2,655,424 PART X, LINE 2: PACIFIC BUDDHIST ACADEMY FOLLOWS ACCOUNTING STANDARDS CODIFICATION TOPIC (ASC 740), INCOME TAXES, WHICH PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, AND PROVIDES GUIDANCE ON DERECOGNITION, CLASSIFICATION, INTEREST, AND PENALTIES, DISCLOSURE, AND TRANSITION. MANAGEMENT BELIEVES THAT NO SUCH UNCERTAIN TAX POSITION EXISTS FOR PACIFIC BUDDHIST ACADEMY. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSE SHOWN NET. PART XI, LINE 4B - OTHER ADJUSTMENTS: DONATED AUCTION ITEMS DEDUCTED AGAINST CONTRIBUTIONS. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSE SHOWN NET. PART XII, LINE 4B - OTHER ADJUSTMENTS: DONATED AUCTION ITEMS DEDUCTED AGAINST CONTRIBUTIONS. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 POLICY HAS BEEN STATED IN LIVE PRESENTATIONS TO THE COMMUNITY, AND PUBLISHED IN THE NEWSPAPER. BANQUET 122193 48080 74113 26940 3288 TAIKO 40362 1700 38662 6314 2377 162555 49780 112775 6314 26940 5665 38919 73856 1 TUITION REMISSION 1 3600 FINANCIAL AID 17 148200 SCHOLARSHIPS 8 22000 PART I, LINE 2: FINANCIAL AID, SCHOLARSHIPS, AND TUITION REMISSION IS EASILY TRACKED BECAUSE IT CAN ONLY BE USED AT PACIFIC BUDDHIST ACADEMY, AND IS ACCOUNTED FOR IN THE ACCOUNTS SET UP TO TRACK STUDENT PAYMENTS, FOR THE APPLICABLE STUDENTS. FORM 990, PART VI, SECTION A, LINE 1A MEMBERS OF THE EXECUTIVE COMMITTEE: EUGENE NISHIMURA - CHAIR, SCOTT NISHIMOTO - SECRETARY, AND JON TERAIZUMI - TREASURER. FORM 990, PART VI, SECTION B, LINE 11B DUE TO BEING CLOSE TO THE DEADLINE TO FILE, THE HEAD OF SCHOOL REVEIWED THE 990 PRIIR TO FILING. THE ENTIRE BOARD WILL REVIEW THE 990 AT THEIR NEXT MEETING. FORM 990, PART VI, SECTION B, LINE 12C EACH BOARD TRUSTEE WILL SIGN THEIR AGREEMENT WITH THE POLICY AND ANY DISCLOSURES AT THE FIRST MEETING OF EACH FISCAL YEAR. FORM 990, PART VI, SECTION B, LINE 15A THE CHAIRMAN OF THE BOARD OVERSEES THE EVALUATION OF THE HEAD OF SCHOOL ON AN ANNUAL BASIS. COMPENSATION IS BASED ON PERFORMANCE, ACHIEVEMENTS, AND BUDGET. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE ON A CASE BY CASE BASIS UPON REQUEST.