2026-04-02T16:12:00-05:00 2025-07-31 421539623 KMH LLP 1003 BISHOP STREET SUITE 2400 HONOLULU HI 96813 990 2024-08-01 990073514 MID-PACIFIC INSTITUTE MID- 8089735000 2445 KAALA STREET HONOLULU HI 96822 LESLEY KANESHIRO CHIEF OPERATING OFFICER 8089735000 2026-04-02 1 0 DANIELLE A HARANO P01258470 8085262255 2026-04-02 2024 2025-03-06 01:10:19Z LESLEY KANESHIRO 2445 KAALA STREET HONOLULU HI 96822 105825999 0 X WWW.MIDPAC.EDU X 1908 HI TO CREATE A PLACE OF BELONGING THAT CULTIVATES COMPASSIONATE, WORLD-READY LEARNERS WHO MAKE A POSITIVE IMPACT THROUGH PURPOSE-DRIVEN PASSIONS AND CREATIVITY, ROOTED IN OUR CHRISTIAN HERITAGE. 20 20 540 500 0 0 2520750 5316798 44963758 46439206 3108713 4093187 507844 413457 51101065 56262648 8096238 8634169 0 0 27019737 28253291 106653 136080 1409435 11398443 12121207 46621071 49144747 4479994 7117901 128580974 135702631 26730597 27441116 101850377 108261515 X TO CREATE A PLACE OF BELONGING THAT CULTIVATES COMPASSIONATE, WORLD-READY LEARNERS WHO MAKE A POSITIVE IMPACT THROUGH PURPOSE-DRIVEN PASSIONS AND CREATIVITY, ROOTED IN OUR CHRISTIAN HERITAGE. 0 0 39649741 8634169 46439206 MID-PACIFIC, ONE OF HAWAII'S MOST DYNAMIC AND FORWARD-THINKING EDUCATIONAL INSTITUTIONS, CONTINUES TO SET THE BAR AS A RIGOROUS, COEDUCATIONAL, COLLEGE PREPARATORY DAY SCHOOL FOR PRESCHOOL, KINDERGARTEN AND GRADES 1-12. CONSISTENTLY, MID-PACIFIC IS RECOGNIZED AS AN INNOVATOR OF EDUCATIONAL, TECHNOLOGICAL AND ARTISTIC PROGRAMS THAT DEVELOP ENLIGHTENED LEARNERS AND LEADERS. IT, TOO, IS COMMITTED TO PROVIDING A LEARNING ENVIRONMENT WHERE STUDENTS REACH THEIR FULL POTENTIAL ACADEMICALLY, ARTISTICALLY, SOCIALLY, PHYSICALLY AND SPIRITUALLY. MID-PACIFIC IS HOME TO 1,400 STUDENTS, 4% OF WHICH ARE FROM FOREIGN COUNTRIES, AND THIS INTERNATIONALISM PROMOTES AN UNDERSTANDING AND RESPECT FOR DIVERSITY THAT IS ESSENTIAL IN THE GLOBAL COMMUNITY. MID-PACIFIC INSTITUTE WAS THE FIRST SCHOOL IN HAWAII TO OFFER AN ACCREDITED, PRE-PROFESSIONAL ARTS TRAINING PROGRAM AS A COMPLEMENT TO ITS COLLEGE-PREPARATORY CURRICULUM, AS WELL AS THE FIRST SCHOOL IN THE STATE TO OFFER THE INTERNATIONAL BACCALAUREATE DIPLOMA PROGRAM. 39649741 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 1 1 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 115 0 1 540 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 20 20 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X MID-PACIFIC INSTITUTE 8089735000 2445 KAALA STREET HONOLULU HI 96822 NORMAN T S CHONG TRUSTEE 0.80 X 0 0 0 CHRISTOPHER DODS TREASURER 0.50 X 0 0 0 KARL H FUJII TRUSTEE 0.50 X 0 0 0 DR GARRETT T HAYASHI TRUSTEE 0.50 X 0 0 0 DENIS ISONO TRUSTEE 0.50 X 0 0 0 PATRICK JONES ESQ SECRETARY 0.80 X 0 0 0 ROBERTA KAMEDA ESQ TRUSTEE 0.50 X 0 0 0 SHELEE KIMURA TRUSTEE 0.50 X 0 0 0 PATRICK K KOBAYASHI VICE CHAIR 0.80 X 0 0 0 HOWARD LEE TRUSTEE 0.50 X 0 0 0 WOO JEONG LEE TRUSTEE 0.50 X 0 0 0 GREGORY S LEONG CHAIR 0.80 X 0 0 0 SUSANNE M MILLARD TRUSTEE 0.50 X 0 0 0 KATHLEEN MORIMOTO TRUSTEE 0.50 X 0 0 0 KEITH K OGATA TRUSTEE 0.80 X 0 0 0 G MARCUS POLIVKA TRUSTEE 0.50 X 0 0 0 YOSHIHIRO SASAKAWA TRUSTEE 0.50 X 0 0 0 JENNIFER WOOD TRUSTEE 0.50 X 0 0 0 RONALD YARA TRUSTEE 0.50 X 0 0 0 DR NI ZHANG TRUSTEE 0.80 X 0 0 0 EMILY HINO FUJII HONORARY TRUSTEE 0.00 X 0 0 0 SANDRA T HARTLEY HONORARY TRUSTEE 0.00 X 0 0 0 BERT KOBAYASHI HONORARY TRUSTEE 0.00 X 0 0 0 JAMES KOMETANI HONORARY TRUSTEE 0.00 X 0 0 0 JOE C RICE HONORARY TRUSTEE 0.00 X 0 0 0 DR PAUL TURNBULL PRESIDENT 40.00 X 472339 0 47430 LESLEY KANESHIRO CHIEF OPERATING OFFICER 40.00 X 274333 0 31752 ELIZABETH CLEARY VP OF ACADEMIC AFFAIRS 40.00 X 244998 0 10946 EDNA HUSSEY ELEMENTARY SCHOOL PRINCIPAL 40.00 X 232331 0 31391 SHANNON CLEARY VP OF INSTITUTIONAL ADVANCEMENT 40.00 X 229687 0 19832 CHRISTIE MUKAI VP OF HUMAN RESOURCES 40.00 X 175210 0 31516 JIACHEN CHEN CONTROLLER 40.00 X 145396 0 24587 1774294 0 197454 24 0 1 0 GROUP 70 INTERNATIONAL 111 S KING STREET SUITE 170 HONOLULU HI 96813 ARCHITECTURAL SERVICES 1572231 ALLIED BUILDERS SYSTEM 1717 AKAHI STREET HONOLULU HI 96819 CONSTRUCTION SERVICES 1563152 ARITA POULSON GENERAL CONTRACTING LLC PO BOX 1035 PUUNENE HI 96784 CONSTRUCTION SERVICES 501738 HAWAII CENTER FOR CHILDREN AND FAMILIES 550 KUNEHI STREET SUITE 206 KAPOLEI HI 96707 COUNSELING SERVICES 368915 S & M SAKAMOTO INC 1928 HAU STREET HONOLULU HI 96819 CONSTRUCTION SERVICES 270948 21 5316798 184632 5316798 TUITION & FEES 611710 42968220 42968220 AUXILIARY & STUDENT FEES 611710 3348123 3348123 SUNDRY 900099 122863 122863 46439206 2421346 2421346 191477 375245 -183768 -183768 -183768 50828358 1000 49157517 0 1670841 1000 1671841 1671841 145257 29316 115941 115941 15082 1273 13809 13809 MISCELLANEOUS 611110 467475 467475 467475 56262648 46439206 0 4506644 8634169 8634169 1877449 745752 846316 285381 20628629 17677645 2708566 242418 711123 582410 112357 16356 3372752 2189232 1029570 153950 1663338 1362274 262807 38257 123148 123148 368194 368194 136080 136080 94903 94903 2171331 1409586 739713 22032 55242 55242 859128 565561 230097 63470 335663 243384 54182 38097 1283167 963659 306677 12831 519544 324618 100743 94183 106789 66723 20707 19359 205231 173010 29963 2258 3547336 3011620 533569 2147 1013989 655037 350840 8112 RESOURCE MATERIAL 620320 606909 5491 7920 OTHER EXPENSES 292271 31667 33290 227314 MEALS & ENTERTAINMENT 292037 118329 134438 39270 SUBSTITUTE/TEMPORARY LA 122501 122501 110413 110413 49144747 39649741 8085571 1409435 1433325 1431520 25078204 30066104 5651027 3976303 1385851 521898 36989 38337 1629117 1726524 103240377 53097475 48664221 50142902 44702240 47799043 128580974 135702631 3993937 4279538 11893532 13486796 9639154 8917959 107583 94785 1096391 662038 26730597 27441116 X 80053594 84768567 21796783 23492948 101850377 108261515 128580974 135702631 X 7117901 305604 -1012367 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 23088760 1124508 2186063 497400 25901931 20711444 690731 1941556 254971 23088760 19940686 467036 763374 459652 20711444 20296062 1827162 -1709126 473412 19940686 16379717 685969 3679264 448888 20296062 0.16000 0.53000 0.31000 0 0 9414457 9414457 73954529 40748560 33205969 11860586 9971471 1889115 8010805 2377444 5633361 50142902 CASH AND MONEY MARKET 2183282 F COMMON STOCKS 20236729 F MUTUAL FUNDS 4096927 F FIXED INCOME SECURITIES 21282105 F 47799043 DEPOSITS HELD FOR OTHERS 662038 662038 X 50487159 305604 -990000 -684396 51171555 5091093 5091093 56262648 44076021 376518 376518 43699503 5445244 5445244 49144747 PART V, LINE 4: A PORTION OF THE ENDOWMENT FUNDS ARE FOR STUDENT SCHOLARSHIPS AND AWARDS. A PORTION IS AT THE DISCRETION OF ADMINISTRATION AND/OR THE BOARD FOR GENERAL OPERATIONS OR OTHER PURPOSES. PART X, LINE 2: IN EVALUATING A TAX POSITION FOR RECOGNITION, THE SCHOOL EVALUATES WHETHER IT IS MORE-LIKELY-THAN-NOT THAT A TAX POSITION WILL BE SUSTAINED UPON EXAMINATION, INCLUDING RESOLUTION OF RELATED APPEALS OR LITIGATION PROCESSES, BASED ON THE TECHNICAL MERITS OF THE POSITION. IF THE TAX POSITION MEETS THE MORE-LIKELY-THAN-NOT RECOGNITION THRESHOLD, THE TAX POSITION IS MEASURED AND RECOGNIZED IN THE FINANCIAL STATEMENTS AS THE LARGEST AMOUNT OF TAX BENEFIT THAT, IN MANAGEMENT'S JUDGMENT, IS GREATER THAN 50% LIKELY OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE SCHOOL FILES INFORMATIONAL RETURNS IN THE UNITED STATES (U.S.) FEDERAL AND STATE OF HAWAII JURISDICTIONS. THERE ARE NO SIGNIFICANT TAX LIABILITIES FOR INCOME TAX ASSOCIATED WITH UNRECOGNIZED TAX BENEFITS AS OF JULY 31, 2025 AND 2024. IT IS THE SCHOOL'S POLICY TO RECOGNIZE INTEREST ACCRUED AND PENALTIES RELATED TO UNDERPAYMENT OF INCOME TAXES IN ADMINISTRATIVE EXPENSE. PART XI, LINE 2D - OTHER ADJUSTMENTS: WRITE-OFF OF UNCOLLECTIBLE CONTRIBUTION RECEIVABLE -990,000. PART XI, LINE 4B - OTHER ADJUSTMENTS: INTEREST EXPENSE ANNUITY 22,367. BOOKSTORE COGS -1,273. RENTAL EXPENSE -375,245. FINANCIAL AID GRANTS & AWARDS 5,445,244. PART XII, LINE 2D - OTHER ADJUSTMENTS: BOOKSTORE COGS 1,273. RENTAL EXPENSE 375,245. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID GRANTS & AWARDS 5,445,244. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 THE POLICY ON NONDISCRIMINATORY PRACTICES IS STATED IN THE OFFICIAL SCHOOL INFORMATION BROCHURE AND ALL ADVERTISEMENTS RUN FOR NEW APPLICANTS. EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES INTERPRETATION SERVICES 693 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES ASSISTING FOREIGN FAMILIES WITH THE ADMISSION PROCESS 16442 0 0 0 0 0 0 17135 0 17135 0 0 0 0 0 0 X X X X X X 0 GOLF TOURNAMENT 145257 145257 29316 145257 145257 29316 29316 115941 1 TUITION WAIVERS 103 3146206 OTHER AWARDS (GRADUATION) 23 42719 FINANCIAL AID GRANTS 405 5445244 PART I, LINE 2: GRANTS ARE PRIMARILY TO STUDENTS FOR FINANCIAL AID. THE FINANCIAL AID IS APPLIED AGAINST THE STUDENTS' ACCOUNTS. X X X 1 1 X X X X 0 1 0 0 0 0 0 0 0 DR PAUL TURNBULL PRESIDENT 411690 0 58686 0 1963 0 21870 0 25560 0 519769 0 0 0 LESLEY KANESHIRO CHIEF OPERATING OFFICER 273433 0 0 0 900 0 13336 0 18416 0 306085 0 0 0 EDNA HUSSEY ELEMENTARY SCHOOL PRINCIPAL 201213 0 0 0 31118 0 9950 0 21441 0 263722 0 0 0 ELIZABETH CLEARY VP OF ACADEMIC AFFAIRS 226098 0 0 0 18900 0 0 0 10946 0 255944 0 0 0 SHANNON CLEARY VP OF INSTITUTIONAL ADVANCEMENT 208759 0 0 0 20928 0 10123 0 9709 0 249519 0 0 0 CHRISTIE MUKAI VP OF HUMAN RESOURCES 174310 0 0 0 900 0 8722 0 22794 0 206726 0 0 0 JIACHEN CHEN CONTROLLER 145396 0 0 0 0 0 0 0 24587 0 169983 0 0 0 PART I, LINE 1A HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE: THE PRESIDENT IS REQUIRED TO LIVE ON CAMPUS AS HE WOULD BE ONE OF THE FIRST TO RESPOND TO EMERGENCY SITUATIONS. ADDITIONALLY THE PRESIDENT SERVES AS THE HOST FOR SCHOOL MEETINGS AND ACTIVITIES AT THE RESIDENCE. HEALTH OR SOCIAL CLUB DUES OR INITIATION FEES: THE MEMBERSHIPS AT THREE SOCIAL CLUBS ARE TO PROVIDE VENUES FOR MEETINGS AND FUNCTIONS FOR SCHOOL RELATED GROUPS. PERSONAL SERVICES: THE SCHOOL PRESIDENT'S HOME HAS MAID SERVICE. THE SERVICE INCLUDES AREAS OF THE HOME THAT ARE SHARED BETWEEN BUSINESS AND PERSONAL USE. PART I, LINE 4B DR. PAUL TURNBULL, PRESIDENT - $5,595 A DEPT OF BUDGET & FINANCE OF THE STATE OF HAWAII 990266961 419800MN4 2020-03-02 10851705 SEE PART VI 0 0 0 A 610000 10851705 1427595 340295 9614805 2008 1 0 1 1 A 0 0 0 0 0 0 0 A 1 0 0 0 0 0 A 0 SCHEDULE K PART I TAX EXEMPT BOND PURPOSE THE BORROWER USED THE PROCEEDS OF THE BONDS TO REFUND PRIOR BONDS THAT WERE ISSUED ON 03/22/2006. THE REFUNDED BONDS WERE USED TO FINANCE (I) CONSTRUCTION AND FURNISHING OF ITS NEW ELEMENTARY SCHOOL; (II) CONSTRUCTION OF ITS MATH, SCIENCE, AND TECHNOLOGY COMPLEX; (III) EXPANSION OF AN AIR CONDITIONING PLANT (IV) REPAIRS AND IMPROVEMENTS TO EXISTING BUILDINGS AND INFRASTRUCTURE IN AND SURROUNDING THE QUADRANGLE AREA OF THE SCHOOL CAMPUS. PROCEEDS OF THE BONDS WILL ALSO BE USED TO PAY THE COSTS OF ISSUING THE BONDS, INCLUDING THE PREMIUM FOR THE BOND INSURANCE POLICY. X 2 184632 FMV AT DATE OF DONATION 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B BOARD MEMBERS ARE PROVIDED A COPY OF THE TAX RETURN FOR THEIR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C TRANSACTIONS WITH MID-PACIFIC INSTITUTE BY OFFICERS, DIRECTORS, TRUSTEES AND KEY EMPLOYEES, WHERE THERE IS A FINANCIAL INTEREST THAT MAY BE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST ARE DISCLOSED ANNUALLY AND WHEN THE TRANSACTIONS OR ARRANGEMENTS ARE PROPOSED. ALL MATERIAL FACTS OF THE TRANSACTIONS ARE GIVEN TO THE BOARD COMMITTEES DELEGATED OVERSIGHT POWERS TO CONSIDER THE PROPOSED TRANSACTION OR ARRANGEMENT. THE COMMITTEE WILL DETERMINE WHETHER THE TRANSACTION IS IN MID-PACIFIC INSTITUTE'S BEST INTEREST, AND WHETHER IT IS FAIR AND REASONABLE OR WHETHER A MORE ADVANTAGEOUS ARRANGEMENT, NOT PRODUCING A CONFLICT OF INTEREST IS POSSIBLE. IF THERE IS REASONABLE CAUSE TO BELIEVE AN OFFICER, DIRECTOR, TRUSTEE OR KEY EMPLOYEE HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST THAT PERSON SHALL BE INFORMED OF THE BASIS OF SUCH BELIEF AND SHALL BE AFFORDED AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. AFTER HEARING THE RESPONSE AND AFTER FURTHER INVESTIGATION AS WARRANTED, IF THE OVER SIGHT COMMITTEE DETERMINES THERE HAS BEEN A FAILURE TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST THE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION WILL BE TAKEN. FORM 990, PART VI, SECTION B, LINE 15 AN ANALYSIS IS PREPARED BY THE COO OF SALARIES OF COMPARABLE SCHOOLS IN HAWAII AND THE WESTERN UNITED STATES FROM INFORMATION OBTAINED FROM THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS AND GUIDE STAR FORMS 990. IF REQUIRED, ADDITIONAL SALARY INFORMATION IS OBTAINED FROM THE HAWAII ASSOCIATION OF INDEPENDENT SCHOOLS. THE ANALYSIS IS GIVEN TO THE BOARD OF TRUSTEES FOR REVIEW TO APPROVE OF ANNUAL SALARY LEVELS FOR APPROPRIATE POSITIONS. THE PRESIDENT'S SALARY IS DETERMINED BY BOARD OF TRUSTEES. FORM 990, PART VI, SECTION C, LINE 19 MID-PACIFIC INSTITUTE MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND/OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: INTEREST EXPENSE ANNUITY INCLUDED ON FINANCIAL STATEMENTS, BUT NOT ON 990 -22,367. WRITE-OFF OF UNCOLLECTIBLE CONTRIBUTION RECEIVABLE -990,000.