INNOVATIONS PUBLIC CHARTER SCHOOL FOUNDATION

Address
75-5815 QUEEN KAAHUMANU HWY
KAILUA KONA, HI 96740
Contact
Website: http://ipcs.info/foundation
Phone: +1 (808) 327-6205
Nonprofit
NTEE: B29 - Education
EIN: 30-0218474

Mission

TO PROVIDE FACILITIES, RAISE FUNDS FOR CAPITAL CAMPAIGNS, SEEK CONTRIBUTIONS AND PRESERVE THE ENDOWMENT FOR INNOVATIONS PUBLIC CHARTER SCHOOL.
 20172016201520142013
Basic features of the organization
Year of formation2003
Subsection code03
PF filing required0    
Form of organization
CorporationTrue
Human resources, including compensation
Summary compensation info
Number of employees0000 
Number of volunteers75602525 
Number of highly compensated contractors  2  
Personnel
Carroll, Susan
TitleCHAIRCHAIRCHAIRCHAIR 
Name of key/compensated personSUSAN CARROLLSUSAN CARROLLSUSAN CARROLLSUSAN CARROLL 
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrue 
Current officerTrueTrueTrueTrue 
Average hours per week working for org2.002.002.002.00 
Reportable compensation from org$0.00$0.00$0.00$0.00 
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00 
Average hours per week working for related orgs0.000.000.000.00 
Collins, Christina
TitleMEMBERMEMBER   
Name of key/compensated personCHRISTINA COLLINSCHRISTINA COLLINS   
Position of compensated person
Current individual trustee or directorTrueTrue   
Average hours per week working for org2.002.00   
Reportable compensation from org$0.00$0.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Average hours per week working for related orgs0.000.00   
Hauanio, Jason
TitleMEMBERMEMBERMEMBERMEMBER 
Name of key/compensated personJASON IKAIKA HAUANIOJASON IKAIKA HAUANIOJASON IKAIKA HAUANIOJASON IKAIKA HAUANIO 
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrue 
Average hours per week working for org2.002.002.002.00 
Reportable compensation from org$0.00$0.00$0.00$0.00 
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00 
Average hours per week working for related orgs0.000.000.000.00 
Hiro, Jennifer
TitleSECRETARYSECRETARYSECRETARYSECRETARY 
Name of key/compensated personJENNIFER HIROJENNIFER HIROJENNIFER HIROJENNIFER HIRO 
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrue 
Current officerTrueTrueTrueTrue 
Average hours per week working for org2.002.002.002.00 
Reportable compensation from org$0.00$0.00$0.00$0.00 
Other comp, non-reportable, from org and related orgs$35,931.00$29,188.00$0.00$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs $91,084.00$90,352.00$85,692.00$0.00 
Average hours per week working for related orgs40.0040.0040.0040.00 
Morton, Rebecca
TitleMEMBERMEMBERMEMBERMEMBER 
Name of key/compensated personREBECCA MORTONREBECCA MORTONREBECCA MORTONREBECCA MORTON 
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrue 
Average hours per week working for org2.002.002.002.00 
Reportable compensation from org$0.00$0.00$0.00$0.00 
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00 
Average hours per week working for related orgs0.000.000.000.00 
Nelson, Lee
TitleMEMBERMEMBERMEMBERMEMBER 
Name of key/compensated personLEE NELSONLEE NELSONLEE NELSONLEE NELSON 
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrue 
Average hours per week working for org2.002.002.002.00 
Reportable compensation from org$0.00$0.00$0.00$0.00 
Other comp, non-reportable, from org and related orgs$42,447.00$25,025.00$0.00$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs $64,411.00$79,899.00$84,708.00$0.00 
Average hours per week working for related orgs40.0040.0040.0040.00 
Rapoza, Ed
TitleMEMBERMEMBERMEMBERMEMBER 
Name of key/compensated personED RAPOZAED RAPOZAED RAPOZAED RAPOZA 
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrue 
Average hours per week working for org2.002.002.002.00 
Reportable compensation from org$0.00$0.00$0.00$0.00 
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00 
Average hours per week working for related orgs0.000.000.000.00 
Woerner, Barbara
Title  MEMBERMEMBER 
Name of key/compensated person  BARBARA WOERNERBARBARA WOERNER 
Position of compensated person
Current individual trustee or director  TrueTrue 
Average hours per week working for org  2.002.00 
Reportable compensation from org  $0.00$0.00 
Other comp, non-reportable, from org and related orgs  $0.00$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00$0.00 
Average hours per week working for related orgs  0.000.00 
Wong, William
TitleTREASURERTREASURERTREASURERTREASURER 
Name of key/compensated personWILLIAM WONGWILLIAM WONGWILLIAM WONGWILLIAM WONG 
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrue 
Current officerTrueTrueTrueTrue 
Average hours per week working for org2.002.002.002.00 
Reportable compensation from org$0.00$0.00$0.00$0.00 
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00 
Average hours per week working for related orgs0.000.000.000.00 
Yamasaki, Kimberly
TitleMEMBERMEMBER   
Name of key/compensated personKIMBERLY YAMASAKIKIMBERLY YAMASAKI   
Position of compensated person
Current individual trustee or directorTrueTrue   
Average hours per week working for org2.002.00   
Reportable compensation from org$0.00$0.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Average hours per week working for related orgs0.000.00   
Purpose: mission, activities, & accomplishments
Mission or significant activitiesTO PROVIDE FACILITIES, RAISE FUNDS FOR CAPITAL CAMPAIGNS, SEEK CONTRIBUTIONS AND PRESERVE THE ENDOWMENT FOR INNOVATIONS PUBLIC CHARTER SCHOOL.TO PROVIDE FACILITIES, RAISE FUNDS FOR CAPITAL CAMPAIGNS, SEEK CONTRIBUTIONS AND PRESERVE THE ENDOWMENT FOR INNOVATIONS PUBLIC CHARTER SCHOOL.TO PROVIDE FACILITIES, RAISE FUNDS FOR CAPITAL CAMPAIGNS, SEEK CONTRIBUTIONS AND PRESERVE THE ENDOWMENT FOR INNOVATIONS PUBLIC CHARTER SCHOOL.TO PROVIDE FACILITIES, RAISE FUNDS FOR CAPITAL CAMPAIGNS, SEEK CONTRIBUTIONS AND PRESERVE THE ENDOWMENT FOR INNOVATIONS PUBLIC CHARTER SCHOOL. 
Program service expenses, total$364,908.00$149,430.00$193,785.00$176,534.00 
Programs, including revenue & expenses
TO PROVIDE FACILITIES, RAISE FUNDS FOR CAPITAL CAMPAIGNS, SEEK CONTRIBUTIONS AND PRESERVE THE ENDOWMENT FOR INNOVATIONS PUBLIC CHARTER SCHOOL.
Program expenses$364,908.00$149,430.00$193,785.00$176,534.00 
Grants and allocations made$11,125.00$12,500.00$13,000.00$21,000.00 
Program revenue$420,000.00$360,000.00$360,000.00$360,000.00 
Program descriptionTO PROVIDE FACILITIES, RAISE FUNDS FOR CAPITAL CAMPAIGNS, SEEK CONTRIBUTIONS AND PRESERVE THE ENDOWMENT FOR INNOVATIONS PUBLIC CHARTER SCHOOL.TO PROVIDE FACILITIES, RAISE FUNDS FOR CAPITAL CAMPAIGNS, SEEK CONTRIBUTIONS AND PRESERVE THE ENDOWMENT FOR INNOVATIONS PUBLIC CHARTER SCHOOL.TO PROVIDE FACILITIES, RAISE FUNDS FOR CAPITAL CAMPAIGNS, SEEK CONTRIBUTIONS AND PRESERVE THE ENDOWMENT FOR INNOVATIONS PUBLIC CHARTER SCHOOL.TO PROVIDE FACILITIES, RAISE FUNDS FOR CAPITAL CAMPAIGNS, SEEK CONTRIBUTIONS AND PRESERVE THE ENDOWMENT FOR INNOVATIONS PUBLIC CHARTER SCHOOL. 
Financial data
Revenue
Total revenue$431,300.00$376,505.00$373,400.00$381,000.00 
Revenue from contributions (total)$11,300.00$12,505.00$13,400.00$21,000.00$12,542.00
Investment income, current yr$0.00$4,000.00$0.00$0.00 
Total revenue from grants, etc., current yr$11,300.00$12,505.00$13,400.00$21,000.00 
Total unrelated business revenue$0.00$0.00$0.00$0.00 
Other revenue, current yr$0.00$0.00$0.00$0.00 
Program service revenue (total)$420,000.00$360,000.00$360,000.00$360,000.00$180,000.00
Gross receipts$431,300.00$376,505.00$373,400.00$381,000.00 
Sources of contributions
Revenue from gov't grants$3,125.00$5,000.00$5,000.00$10,000.00 
Revenue from all other contributions$8,175.00$7,505.00$8,400.00$11,000.00 
Other types of revenue
Net rental income  $0.00$0.00$0.00
Expense categories (totals)
Total functional expenses: sum of all$364,908.00$149,430.00$193,785.00$176,534.00 
Total functional expenses: program service $364,908.00$149,430.00$193,785.00$176,534.00 
Total functional expenses: management and general$0.00$0.00$0.00$0.00 
Total functional expenses: fundraising$0.00$0.00$0.00$0.00 
Fees for services
Fundraising service fees (total)$0.00$0.00$0.00$0.00 
Assets and liabilities
Total assets$6,689,652.00$6,796,965.00$5,864,200.00$4,462,961.00$3,261,992.00
Total assets, beginning of year$6,796,965.00$5,864,200.00$4,462,961.00$3,261,992.00 
Total liabilities$4,269,137.00$4,442,842.00$3,737,152.00$2,515,528.00$1,519,025.00
Total liabilities, beginning of year$4,442,842.00$3,737,152.00$2,515,528.00$1,519,025.00 
Unrestricted net assets, end of yr$2,420,515.00$2,354,123.00$2,127,048.00$1,925,013.00 
Temporarily restricted net assets   $22,420.00 
Net assets$2,420,515.00$2,354,123.00$2,127,048.00$1,947,433.00 
Net assets, beginning of year$2,354,123.00$2,127,048.00$1,947,433.00$1,742,967.00 
Other assets  $2,000.00$4,500.00 
Cash: non-interest bearing$778,343.00$771,255.00$676,999.00$711,186.00 
Cash: non-interest bearing, beginning of year$771,255.00$676,999.00$711,186.00$492,811.00 
Other financial variables
Revenue less expenses$66,392.00$227,075.00$179,615.00$204,466.00 
Accounts receivable, net$60,000.00$2,500.00   
Prepaid expenses & deferred charges$2,116.00$2,247.00$2,593.00$1,976.00 
Accounts payable & accrued expenses$12,067.00$199,855.00$60,263.00$356,955.00 
Unsecured notes & loans to unrelated parties   $127,580.00 
Secured mortgages and notes payable$4,257,070.00$4,242,987.00$3,676,889.00$2,030,993.00 
Total net assets or fund balances$2,420,515.00$2,354,123.00$2,127,048.00$1,947,433.00 
Depreciation, depletion, amortization$171,770.00$64,404.00$64,404.00$65,553.00 
Governance and accountability
Number of voting members9988 
Number of independent voting members7766 
Financial sheets auditedTrueTrueTrueTrue 
Accrual accountingTrueTrueTrueTrue 
Tax year start date2016-07-012015-07-012014-07-012013-07-01 
Tax year end date2017-06-012016-06-012015-06-012014-06-012013-06-01
Indicators for schedules (selected)
Grants to domestic org/gov't >$5kTrueTrueTrueTrue 
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990990990990 
Date e-filing submitted2018-01-112017-09-052016-03-182015-05-14 
IRS schema version2016v3.02015v3.02014v6.02013v4.0 
Filing identifier201723249349300222201701289349302395201620149349301337201520929349300037 
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