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Pacific Buddhist Academy

Tax-deductible

Honolulu, HI501(c)(3)Since 2002Education EIN 04-3660909Revenue $2.9M in FY2025

On file with the IRSpacificbuddhistacademy.org1754 Lusitana St, 96813-1657 · Honolulu, HITax-exempt since Oct 2002School — 170(b)(1)(A)(ii)

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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.

501(c)(3) charity; gifts are tax-deductible.
66¢ of each $1 spent went to programs.
Run by 25 volunteers and 26 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 6
filings with a surplus
Average deficit $30K a year · 1% of revenue · last 6 filings
Concern: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
66%
of spending
Fine: 66% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$120K
to officers and key staff · 6% of spending
Top officer’s pay lower than 55% of similar orgs
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Plus $3.3M in investments, Pt X · Ln 11–13
Looks good: 3.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
6
named funders · $67K
Looks good: 6 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$182K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.9M
+41% vs prior year
Spent
$2.2M
To programs
66%
Net assets
$10.7M
By yearFY2020–FY2025
Revenue
$2.9M
FY2025▲ +41%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.0M
FY2021$2.2M
FY2022$2.1M
FY2023$2.2M
FY2024$2.1M
FY2025$2.9M
Expenses
$2.2M
FY2025▼ -12%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.3M
FY2021$2.1M
FY2022$2.3M
FY2023$2.3M
FY2024$2.5M
FY2025$2.2M
Net assets
$10.7M
FY2025▲ +7%
Tap a bar for its year
Net assets by fiscal year
FY2020$10.3M
FY2021$10.4M
FY2022$10.2M
FY2023$10.1M
FY2024$10.0M
FY2025$10.7M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 2002.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

66 cents of each dollar spent went to programs.

Program services 66% · $1.4M Management & general 25% · $531K Fundraising 9% · $204K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

11 people listed on the 990; $120K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Josh Hernandez Morse
Head of School
$119,908Pt VII · Sec A
$0Pt VII · Sec A
Jon Teraizumi
Treasurer
$0Pt VII · Sec A
Cindy Alm
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Josh Hernandez Morse’s $120K as Head of School is at the 45th percentile of top reported officer pay among 3394 $1–10M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Josh Hernandez Morse$119,908$125,515$112,499$116,888$102,727$104,534

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Educates students with a challenging, Buddhist-values curriculum in an affordable, safe, accredited high school.

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Provided by the organization

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1 program · $1.4M · in their own filed words · FY2024
01

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.

$1.4Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Mamoru and Aiko Takitani Foundation INCFY2024$50K
Aloha United Way INCFY2024$6K
Greater HorizonsFY2024$6K
Tradewind Group FoundationFY2024$4K
J Watumull FundFY2024$1K
Ksk FoundationFY2024$250
Total grants receivedfrom 6 funders$67K
See all 6 funders →
Grants paid · 15 grants · $837K · 2019–2023
Unitemized GrantFY2023$225,741
Unitemized GrantFY2023$27,000
Unitemized GrantFY2023$3,800
Unitemized GrantFY2022$148,200
Unitemized GrantFY2022$22,000
Unitemized GrantFY2022$3,600
Unitemized GrantFY2021$97,426
Unitemized GrantFY2021$52,500
Unitemized GrantFY2021$5,175
Unitemized GrantFY2020$71,650
Unitemized GrantFY2020$52,500
Unitemized GrantFY2020$3,450
Unitemized GrantFY2019$69,586
Unitemized GrantFY2019$49,000
Unitemized GrantFY2019$5,055

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$2.9M
Ln 12
Fees for servicesLn 2g$1.4M
Gifts and grantsLn 1h$1.2M
Investment incomeLn 3$327K
Money outPt IX
$2.2M
Ln 25
Programscol B$1.4M
Managementcol C$531K
Fundraisingcol D$204K
Owns and owesPt X
$10.7M
net assets · Ln 32
Cash and savingsLn 1–2$625K
Total assetsLn 16$10.9M
LiabilitiesLn 26$182K
PeoplePt VI, VII
11
listed · VII A
PaidVII A1
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.2M
Fundraising eventsLn 1c$68K
Fees for servicesLn 2g$1.4M
Investment incomeLn 3$327K
Other incomeLn 4–11$68K
Total revenueLn 12$2.9M
Assets in detailPt X, end of year
CashLn 1$113K
SavingsLn 2$512K
Cash and savings togetherLn 1–2$625K
InvestmentsLn 11–13$3.3M
Land, buildings, equipmentLn 10c$6.8M
Total assetsLn 16$10.9M
LiabilitiesLn 26$182K
Net assetsLn 32$10.7M
OperationsPt I, VI
EmployeesI 526
VolunteersI 625
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$830K$625K
InvestmentsLn 11–13$2.2M$3.3M
Land, buildings, equipmentLn 10c$7.0M$6.8M
Total assetsLn 16$10.1M$10.9M
LiabilitiesLn 26$129K$182K
Net assetsLn 32$10.0M$10.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$132K$26K$102K$4K
Other salaries and wagesLn 7$929K$630K$187K$113K
Pension plan contributionsLn 8$40K$21K$14K$5K
Other employee benefitsLn 9$163K$114K$32K$17K
Payroll taxesLn 10$140K$90K$35K$15K
Accounting feesLn 11c$30K$4K$23K$3K
Other fees for servicesLn 11g$3K$2K$873$10
Advertising and promotionLn 12$7K$7K
Office expensesLn 13$65K$30K$18K$17K
Information technologyLn 14$54K$23K$26K$5K
OccupancyLn 16$54K$48K$5K$1K
TravelLn 17$14K$4K$9K$727
Conferences, conventions and meetingsLn 19$7K$6K$614$282
InterestLn 20$2$2
Depreciation, depletion and amortizationLn 22$264K$225K$26K$13K
InsuranceLn 23$30K$30K
Other expenses (24a–d)Ln 24$217K$193K$21K$3K
All other expensesLn 24e$1K$1K
Total functional expensesLn 25$2.2M$1.4M$531K$204K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $2.9M$2.2M$760K$10.7M 990 PDF
FY2024 $2.1M$2.5M−$398K$10.0M 990 PDF
FY2023 $2.2M$2.3M−$113K$10.1M 990 PDF
FY2022 $2.1M$2.3M−$154K$10.2M 990 PDF
FY2021 $2.2M$2.1M$43K$10.4M 990 PDF
FY2020 $2.0M$2.3M−$320K$10.3M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $2,910,930 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $307,391$1,164,501
I-9 Program service revenuePrior year $1,575,480$1,351,250
I-10 Investment incomePrior year $86,565$327,236
I-11 Other revenuePrior year $89,004$67,943
I-12 Total revenuePrior year $2,058,440$2,910,930
I-13 Grants and similar amounts paidPrior year $256,541$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,359,433$1,404,266
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $840,170$746,759
I-18 Total expensesPrior year $2,456,144$2,151,025
I-19 Revenue less expensesPrior year −$397,704$759,905
Part VI · Governance 10 of 10 board members independent, no flags
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $2,910,930 across 7 lines filed
Lines not itemized here account for $15,314 of total revenue; see the IRS return.
VIII-1c Fundraising events$68,365
VIII-1f All other contributions, gifts and grants$1,096,136
VIII-1h Total contributions, gifts and grants$1,164,501
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,351,250$1,351,250
VIII-3 Investment incomeExcluded from tax $327,236$327,236
VIII-8 Net income from fundraising eventsExcluded from tax $52,629$52,629
VIII-12 Total revenueRelated to mission $1,366,564 · Unrelated business $0 · Excluded from tax $379,865$2,910,930
Part IX · Statement of functional expenses $2,151,025 across 18 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $26,395 · Management $101,625 · Fundraising $3,959$131,979
IX-7 Other salaries and wagesPrograms $629,763 · Management $186,527 · Fundraising $113,039$929,329
IX-8 Pension plan contributionsPrograms $20,645 · Management $13,852 · Fundraising $5,418$39,915
IX-9 Other employee benefitsPrograms $114,308 · Management $32,443 · Fundraising $16,561$163,312
IX-10 Payroll taxesPrograms $90,352 · Management $34,644 · Fundraising $14,735$139,731
IX-11c Accounting feesPrograms $3,938 · Management $23,491 · Fundraising $2,962$30,391
IX-11g Other fees for servicesPrograms $2,182 · Management $873 · Fundraising $10$3,065
IX-12 Advertising and promotionFundraising $6,567$6,567
IX-13 Office expensesPrograms $29,678 · Management $18,371 · Fundraising $17,387$65,436
IX-14 Information technologyPrograms $23,055 · Management $26,092 · Fundraising $4,630$53,777
IX-16 OccupancyPrograms $47,778 · Management $5,399 · Fundraising $1,000$54,177
IX-17 TravelPrograms $4,352 · Management $8,775 · Fundraising $727$13,854
IX-19 Conferences, conventions and meetingsPrograms $6,019 · Management $614 · Fundraising $282$6,915
IX-20 InterestManagement $2$2
IX-22 Depreciation, depletion and amortizationPrograms $224,780 · Management $26,445 · Fundraising $13,222$264,447
IX-23 InsuranceManagement $30,024$30,024
IX-24 Other expenses (24a–d)Programs $192,813 · Management $20,867 · Fundraising $3,386$217,066
IX-24e All other expensesManagement $1,038$1,038
IX-25 Total functional expensesPrograms $1,416,058 · Management $531,082 · Fundraising $203,885$2,151,025
Part X · Balance sheet $10,857,435 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $111,684$112,740
X-2 Savings and temporary cash investmentsStart of year $718,240$512,102
X-3 Pledges and grants receivableStart of year $2,779$2,779
X-4 Accounts receivableStart of year $65,513$149,762
X-9 Prepaid expenses and deferred chargesStart of year $28,464$23,936
X-10c Land, buildings and equipment, netStart of year $6,984,694$6,804,888
X-11 Publicly traded securitiesStart of year $2,170,710$3,251,228
X-16 Total assetsStart of year $10,082,084$10,857,435
X-17 Accounts payable and accrued expensesStart of year $131,291$96,768
X-19 Deferred revenueStart of year −$6,093$85,256
X-26 Total liabilitiesStart of year $128,578$182,024
X-27 Net assets without donor restrictionsStart of year $7,780,685$8,314,718
X-28 Net assets with donor restrictionsStart of year $2,172,821$2,360,693
X-32 Total net assets or fund balancesStart of year $9,953,506$10,675,411
X-33 Total liabilities and net assetsStart of year $10,082,084$10,857,435
Part XI · Reconciliation of net assets $10,675,411 net assets at year end
XI-1 Total revenue$2,910,930
XI-2 Total expenses$2,151,025
XI-3 Revenue less expenses$759,905
XI-4 Net assets at start of year$9,953,506
XI-8 Prior period adjustments−$38,000
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$10,675,411

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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