Trustees Of The Estate Of Bernice Pauahi Bishop
- Assets
- $11.9b
- Revenue
- $1.6b
- Investments
- $9.6b
- Employees
- 3,381
- Location
- Honolulu, HI
- Founding
- 02/1939
- Data as of
- 06/2021
- EIN
- 99-0073480
Organization Overview
Trustees Of The Estate Of Bernice Pauahi Bishop, operating under the name Kamehameha Schools, is located in Honolulu, HI. The organization was established in 1939. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Kamehameha Schools employed 3,381 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kamehameha Schools is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Kamehameha Schools generated $1.6b in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.6% each year . All expenses for the organization totaled $526.3m during the year ending 06/2021. While expenses have increased by 2.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Kamehameha Schools has awarded 846 individual grants totaling $296,966,973. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
KAMEHAMEHA SCHOOLS' MISSION IS TO FULFILL PAUAHI'S DESIRE TO CREATE EDUCATIONAL OPPORTUNITIES IN PERPETUITY TO IMPROVE THE CAPABILITY AND WELL-BEING OF PEOPLE OF HAWAIIAN ANCESTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
KAMEHAMEHA SCHOOLS WAS ESTABLISHED UNDER THE WILL AND CODICILS OF BERNICE PAUAHI BISHOP IN 1885 AND OPENED IN 1887 AND IS NOW ONE OF THE LARGEST SCHOOLS IN THE UNITED STATES SERVING KINDERGARTEN THROUGH GRADE 12 AND 30 PRESCHOOLS. FOR OVER ONE-HUNDRED AND THIRTY YEARS, KAMEHAMEHA SCHOOLS HAS CONTINUOUSLY PROVIDED QUALITY EDUCATION GIVING PREFERENCE TO STUDENTS OF HAWAIIAN ANCESTRY TO THE EXTENT PERMITTED BY LAW. (SEE SCHEDULE O FOR ADDITIONAL INFORMATION ON PROGRAM SERVICE ACCOMPLISHMENTS).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy Donohue Cio | Officer | 50 | $2,652,396 |
Burton Yuen Managing Dir. - Fin'l Assets | 50 | $1,307,087 | |
Jon Iwatani Managing Dir. - Fin'l Assets | 50 | $873,008 | |
Cara Nakamura Managing Dir. - Fin'l Assets | 50 | $866,993 | |
Christopher Piccione COO Financial Assets | 50 | $871,849 | |
Timothy Slottow Evp-Fin. & CFO (until 3/2022) | Officer | 50 | $741,194 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Uworkcom Inc Workforce Solutions | 6/29/22 | $7,136,600 |
Constructors Hawaii Inc Construction Service | 6/29/22 | $5,713,846 |
Ralph S Inouye Co Ltd Construction Service | 6/29/22 | $4,662,177 |
S M Sakamoto Inc Construction Service | 6/29/22 | $3,503,491 |
Cades Schutte Llp Legal Services | 6/29/22 | $2,985,745 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $751,997 |
| Investment income | $54,176,188 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,186,161 |
| Net Rental Income | $102,417,356 |
| Net Gain/Loss on Asset Sales | $1,425,211,399 |
| Net Income from Fundraising Events | $14,349 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,626,952,465 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $55,479,337 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $9,058,789 |
| Compensation to disqualified persons | $3,213,269 |
| Other salaries and wages | $177,211,185 |
| Pension plan accruals and contributions | $16,195,603 |
| Other employee benefits | $26,578,908 |
| Payroll taxes | $14,470,349 |
| Fees for services: Management | $671,497 |
| Fees for services: Legal | $4,489,645 |
| Fees for services: Accounting | $340,780 |
| Fees for services: Lobbying | $110,165 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $27,263,960 |
| Fees for services: Other | $29,669,431 |
| Advertising and promotion | $448,765 |
| Office expenses | $6,265,426 |
| Information technology | $9,994,302 |
| Royalties | $0 |
| Occupancy | $13,738,334 |
| Travel | $121,007 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,319,468 |
| Interest | $8,671,709 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $45,602,404 |
| Insurance | $4,390,695 |
| All other expenses | $0 |
| Total functional expenses | $526,306,499 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,350 |
| Savings and temporary cash investments | $122,368,335 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,155,547 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $133,372,414 |
| Investments—publicly traded securities | $1,047,810,492 |
| Investments—other securities | $9,641,017,109 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $96,871,242 |
| Total assets | $11,860,305,202 |
| Accounts payable and accrued expenses | $85,221,889 |
| Grants payable | $0 |
| Deferred revenue | $152,255,128 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $255,247,618 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $88,234,510 |
| Total liabilities | $580,959,145 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $11,279,346,057 |
Grants Awarded
Over the last fiscal year, Trustees Of The Estate Of Bernice Pauahi Bishop has awarded $44,715,716 in support to 136 organizations.
| Grant Recipient | Amount |
|---|---|
50CAN INC PURPOSE: EDUCATIONAL SUPPORT | $50,000 |
AFTER-SCHOOL ALL STARS HAWAII PURPOSE: EDUCATIONAL SUPPORT | $320,000 |
AHA PUNANA LEO INC PURPOSE: EDUCATIONAL SUPPORT | $1,771,111 |
AHA KANE PURPOSE: EDUCATIONAL SUPPORT | $219,225 |
AINA MOMONA PURPOSE: EDUCATIONAL SUPPORT | $192,500 |
AKAULA SCHOOL PURPOSE: EDUCATIONAL SUPPORT | $131,400 |