Pacific Rim Education Foundation Inc

What it reported doing in 2024

Kokua Academy PREF supported the private school called Kokua Academy (grade K to 5th). Their school was held on the PREF owned property at 75-1048 Henry St, Kailua Kona, Hawaii. In 2024 the school existed from January to June with up to 40 total students. Kokua Academy is a private, independent day school. The school is dedicated to providing a positive educational environment for each student by engaging them in real-world, project based learning experiences. Kona Ocean Challenge Program The Annual Ocean Challenge program sponsored by PREF was held in December, 2024 at the Hawaiian Queen Coffee Garden. The outdoor education program for young people centered on personal growth and self? discovery. The seven day program consisted of morning devotional readings, boating, hiking, fishing and discovering the sites on the Big Island. A total of 8 participants plus five staff members participated.Ukulele & Guitar LessonsThroughout 2024 PREF has sponsored free Ukulele at the Hawaii Queen Coffee Garden for the Kona Community. Approximately fourteen to fifteen lessons took place at the Hawaiian Queen Coffee Garden in 2024. Rev. Chuck Frumin is the teacher of the lessons.Origami ClassOn December 14, 2024 PREF offering a community Origami class to learn the art of Japanese Paper Folding.Approximately 8 people attended.Community EventsBig Island Excellence in Parenting Award ProgramThe Excellence in Parenting Award Program on July 26, 2024 was sponsored by PREF. Held at the Hawaiian Queen Coffee Garden the program promotes and encourages families to invest in our young children in our community. Big Island Mayor Mitch Roth sent a written message congratulating the two Kona couples who won the award: Dana Mclaughlin, founder of the Hawaii Keiki Museum and Charis Higginson, founder of Humanity Hale both won the Excellence in Parenting Award. They received $500 each from PREF as an award.Thanksgiving Interfaith ConcertThe Kona Thanksgiving Interfaith Concert held on November 25, 2024 was sponsored by PREF. Choirs from diverse faith communities in Kona participated in the Interfaith event. Although sponsored by PREF the event took place at the Lutheran Church of the Holy Trinity in Kona. Donations at the event were collected for the Hawaii Island Food Bank in Kona. Ten different religious organization from Kona performed.Religious ProgramsOutdoor Church BBQ Service for the CommunityAn outdoor BBQ and Ping Pong Tournament for the community was held on Sept. 22, 2024 in honor of World Peace Day. PREF and also the Kona Family Church sponsored the event. It was a family event including games and an inflatable Jumper for children. It included a Ping Pong Tournament. Kids also had an opportunity to learn Japanese Origami paper folding. Approximately 48 people attended.Easter Egg HuntPREF sponsored an Easter Egg hunt on March 31, 2024 at the Hawaiian Queen Coffee Garden.Approximately twenty people including parents with children participated in the Egg Hunt.Religious Organizations Using the Hawaiian Queen Coffee GardenIn 2024 the following Religious organizations used the PREF owned facility at 75-1048 Henry Street, Kailua Kona, Hawaii for their own religious services. Congregation Kona Beth Shalom --- Used approximately 6 times in 2024Marshallese Assembly of God --- Used approximately 24 times in 2024Kona Family Church ---- Used approximately 52 times in 2024Self Realization Fellowship ---- Used approximately 9 times in 2024

Financial Efficiency

• Mission deployment rate: 100%; rating input score 100
• Program expense ratio: 70.5%; rating input score 71
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
• Pay-setting controls: Limited
• Foreign activity oversight: 1 of 8 controls in place; rating input score 12
  • Claims monitoring procedures: Pass
  • Requires narrative reports: Fail
  • Conducts field audits: Fail
  • May suspend future funding: Fail
  • Requires financial reports: Fail
  • Conducts site visits: Fail
  • Requires grant agreements: Fail
  • May require repayment: Fail
• Grant itemization coverage: 98.4%; rating input score 98; 58th percentile among comparable filings
• Major donor itemization: Limited
• Related-party transparency: Limited

Accountability

• Independent voting board: 80%; rating input score 80; 21st percentile among comparable filings
• Governance controls: 6 of 8 controls in place; rating input score 75
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: NotApplicable
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Missing
  • Independent financial-statement audit: Fail

Sustainability

• Operating margin: -102.3%; rating input score 2; 2nd percentile among comparable filings
• Total-asset coverage ratio: 53.68; rating input score 99; 99th percentile among comparable filings
• Liabilities to assets ratio: 0; rating input score 59; 59th percentile among comparable filings
• Officer compensation ratio: 13.3%; rating input score 26; 26th percentile among comparable filings

Growth

• Program expense growth: 3.7% per year; rating input score 100; 48th percentile among comparable filings
• Revenue growth: -28.6% per year; rating input score 0; 2nd percentile among comparable filings
• Asset growth: -1.5% per year; rating input score 0; 19th percentile among comparable filings