Pacific Buddhist Academy FY2020 filing

Tax-deductible

Honolulu, HI501(c)(3)Since 2002EducationEIN 04-3660909Revenue $2.0M in FY2020

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.
67¢ of each $1 spent went to programs.
$105K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · 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
67%
of spending
Fine: 67% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$105K
to officers and key staff · 5% of spending
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
7 mo
of spending, in cash
Looks good: 6.8 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
$323K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.0M
Spent
$2.3M
To programs
67%
Net assets
$10.3M
By yearFY2020–FY2025
Revenue
$2.0M
FY2020
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
$2.3M
FY2020
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
$10.3M
FY2020
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 FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

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

67 cents of each dollar spent went to programs.

Program services 67% · $1.5M Management & general 20% · $447K Fundraising 13% · $293K

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

15 people listed on the 990; $105K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Head of School
$104,534Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$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 · $1.5M · in their own filed words · FY2019
01

Pacific buddhist adademy (pba) is a hais and wasc accredited private non-profit high 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 nuture peace.

$1.5Mprogram 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
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 FY2020 990, line by line.

1The main four
Money inPt VIII
$2.0M
Ln 12
Fees for servicesLn 2g$1.5M
Gifts and grantsLn 1h$396K
Investment incomeLn 3$27K
Money outPt IX
$2.3M
Ln 25
Programscol B$1.5M
Managementcol C$447K
Fundraisingcol D$293K
Owns and owesPt X
$10.3M
net assets · Ln 32
Cash and savingsLn 1–2$1.3M
Total assetsLn 16$10.7M
LiabilitiesLn 26$323K
PeoplePt VI, VII
15
listed · VII A
PaidVII A1
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$396K
Noncash giftsLn 1g$9K
Fundraising eventsLn 1c$137K
Fees for servicesLn 2g$1.5M
Investment incomeLn 3$27K
Total revenueLn 12$2.0M
Assets in detailPt X, end of year
CashLn 1$553K
SavingsLn 2$730K
Cash and savings togetherLn 1–2$1.3M
InvestmentsLn 11–13$1.1M
Land, buildings, equipmentLn 10c$8.1M
Total assetsLn 16$10.7M
LiabilitiesLn 26$323K
Net assetsLn 32$10.3M
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 FY20End FY20
Cash and savingsLn 1–2$1.1M$1.3M
InvestmentsLn 11–13$1.0M$1.1M
Land, buildings, equipmentLn 10c$8.4M$8.1M
Total assetsLn 16$10.8M$10.7M
LiabilitiesLn 26$159K$323K
Net assetsLn 32$10.7M$10.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$124K$124K
Pay of current officers, directors and key staffLn 5$118K$24K$91K$4K
Other salaries and wagesLn 7$867K$611K$150K$107K
Pension plan contributionsLn 8$40K$26K$10K$5K
Other employee benefitsLn 9$94K$66K$16K$11K
Payroll taxesLn 10$113K$74K$27K$13K
Legal feesLn 11b$8K$8K
Accounting feesLn 11c$24K$11K$12K$1K
Other fees for servicesLn 11g$66K$355$1K$65K
Advertising and promotionLn 12$33K$33K
Office expensesLn 13$72K$35K$11K$26K
Information technologyLn 14$39K$21K$11K$7K
OccupancyLn 16$43K$38K$4K$1K
TravelLn 17$3K$8$3K
Conferences, conventions and meetingsLn 19$10K$1K$6K$3K
Depreciation, depletion and amortizationLn 22$333K$283K$33K$17K
InsuranceLn 23$42K$42K
Other expenses (24a–d)Ln 24$242K$217K$22K$3K
Total functional expensesLn 25$2.3M$1.5M$447K$293K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $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 Viewing $2.0M$2.3M−$320K$10.3M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $1,950,768 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $357,385$395,979
I-9 Program service revenuePrior year $1,346,623$1,542,876
I-10 Investment incomePrior year $46,268$27,325
I-11 Other revenuePrior year −$11,785−$15,412
I-12 Total revenuePrior year $1,738,491$1,950,768
I-13 Grants and similar amounts paidPrior year $123,220$123,641
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,053,545$1,232,558
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $978,727$914,218
I-18 Total expensesPrior year $2,155,492$2,270,417
I-19 Revenue less expensesPrior year −$417,001−$319,649
Part VI · Governance 14 of 14 board members independent, no flags
VI-1a Voting members of the governing body14
VI-1b Independent voting members14
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 $1,950,768 across 8 lines filed
Lines not itemized here account for $891 of total revenue; see the IRS return.
VIII-1c Fundraising events$137,402
VIII-1f All other contributions, gifts and grants$258,577
VIII-1g Noncash contributions (included above)$8,675
VIII-1h Total contributions, gifts and grants$395,979
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,542,876$1,542,876
VIII-3 Investment incomeExcluded from tax $27,325$27,325
VIII-8 Net income from fundraising eventsExcluded from tax −$16,303−$16,303
VIII-12 Total revenueRelated to mission $1,543,767 · Unrelated business $0 · Excluded from tax $11,022$1,950,768
Part IX · Statement of functional expenses $2,270,417 across 18 lines filed
IX-2 Grants to domestic individualsPrograms $123,641$123,641
IX-5 Pay of current officers, directors and key staffPrograms $23,648 · Management $91,048 · Fundraising $3,547$118,243
IX-7 Other salaries and wagesPrograms $610,628 · Management $149,729 · Fundraising $106,576$866,933
IX-8 Pension plan contributionsPrograms $26,242 · Management $9,613 · Fundraising $4,540$40,395
IX-9 Other employee benefitsPrograms $66,065 · Management $16,453 · Fundraising $11,058$93,576
IX-10 Payroll taxesPrograms $73,938 · Management $26,821 · Fundraising $12,652$113,411
IX-11b Legal feesManagement $7,696$7,696
IX-11c Accounting feesPrograms $10,868 · Management $11,761 · Fundraising $1,252$23,881
IX-11g Other fees for servicesPrograms $355 · Management $1,065 · Fundraising $64,756$66,176
IX-12 Advertising and promotionFundraising $33,012$33,012
IX-13 Office expensesPrograms $35,263 · Management $11,211 · Fundraising $25,712$72,186
IX-14 Information technologyPrograms $21,180 · Management $11,216 · Fundraising $6,847$39,243
IX-16 OccupancyPrograms $37,609 · Management $4,325 · Fundraising $1,000$42,934
IX-17 TravelPrograms $8 · Management $2,785$2,793
IX-19 Conferences, conventions and meetingsPrograms $1,440 · Management $5,584 · Fundraising $2,809$9,833
IX-22 Depreciation, depletion and amortizationPrograms $283,119 · Management $33,308 · Fundraising $16,654$333,081
IX-23 InsuranceManagement $41,780$41,780
IX-24 Other expenses (24a–d)Programs $216,576 · Management $22,122 · Fundraising $2,905$241,603
IX-25 Total functional expensesPrograms $1,530,580 · Management $446,517 · Fundraising $293,320$2,270,417
Part X · Balance sheet $10,663,192 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $386,056$553,308
X-2 Savings and temporary cash investmentsStart of year $714,137$729,831
X-3 Pledges and grants receivableStart of year $209,744$107,602
X-4 Accounts receivableStart of year $79,836$39,733
X-9 Prepaid expenses and deferred chargesStart of year $39,619$18,854
X-10c Land, buildings and equipment, netStart of year $8,356,091$8,149,102
X-11 Publicly traded securitiesStart of year $1,027,487$1,064,762
X-16 Total assetsStart of year $10,812,970$10,663,192
X-17 Accounts payable and accrued expensesStart of year $93,444$99,323
X-19 Deferred revenueStart of year $56,420$3,000
X-24 Unsecured notes and loans payable$209,000
X-26 Total liabilitiesStart of year $159,323$323,100
X-27 Net assets without donor restrictionsStart of year $9,244,993$8,833,357
X-28 Net assets with donor restrictionsStart of year $1,408,654$1,506,735
X-32 Total net assets or fund balancesStart of year $10,653,647$10,340,092
X-33 Total liabilities and net assetsStart of year $10,812,970$10,663,192
Part XI · Reconciliation of net assets $10,340,092 net assets at year end
XI-1 Total revenue$1,950,768
XI-2 Total expenses$2,270,417
XI-3 Revenue less expenses−$319,649
XI-4 Net assets at start of year$10,653,647
XI-5 Net unrealized gains (losses) on investments$6,094
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$10,340,092

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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