Punahou School
- Assets
- $664.5m
- Revenue
- $122.3m
- Investments
- $295.4m
- Employees
- 1,747
- Location
- Honolulu, HI
- Founding
- 04/1938
- Data as of
- 06/2021
- EIN
- 99-0073523
Organization Overview
Punahou School is located in Honolulu, HI. The organization was established in 1938. 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 06/2021, Punahou School employed 1,747 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Punahou School 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, Punahou School generated $122.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $167.1m during the year ending 06/2021. While expenses have increased by 8.2% per year over the past 6 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PUNAHOU SCHOOL IS A PRIMARY AND SECONDARY SCHOOL THAT IS RECOGNIZED FOR ITS ACADEMIC EXCELLENCE, ATHLETICS, AND EXTRACURRICULAR ACTIVITIES FOR MORE THAN 3750 STUDENTS IN GRADES K-12.
Describe the Organization's Program Activity:
ACADEMIC CURRICULUM - PUNAHOU SCHOOL IS A COEDUCATIONAL COLLEGE PREPATORY DAY SCHOOL OFFERING EDUCATIONAL EXCELLENCE. MORE THAN 96 PERCENT OF PUNAHOU GRADUATES GO ON TO ATTEND COLLEGE. CURRENTLY, PUNAHOU IS DIVIDED INTO THE JUNIOR SCHOOL, KINDERGARTEN THROUGH GRADE 8, AND THE ACADEMY, GRADES 9-12. THE JUNIOR SCHOOL (K-8) IS COMPOSED OF THREE SECTIONS WITH A PRINCIPAL AND FIVE SUPERVISORS OVERSEEING APPROXIMATELY 2,000 STUDENTS. THESE SMALLER, SELF-CONTAINED SECTIONS FOR K-2, 3-5 AND 6-8 ARE DESIGNED TO MEET THE SPECIAL NEEDS OF THESE GROUPS OF CHILDREN. SUPPLEMENTAL EDUCATION, SUCH AS OUTDOOR AND CAMP EXPERIENCES, ARE ALSO OFFERED IN THE JUNIOR SCHOOL.THE CASE MIDDLE SCHOOL WAS COMPLETED IN 2005 FOR GRADES 6-8. THIS EXPANDED AREA OF CAMPUS WAS DESIGNED TO SUPPORT AN EDUCATION PROGRAM DESIGNED SPECIFICALLY TO MEET THE INTELLECTUAL AND SOCIAL NEEDS OF EARLY ADOLESCENTS. THE LEARNING ENVIRONMENT RECOGNIZES THIS DEVELOPMENTAL PERIOD THROUGH MORE INTIMATE ORGANIZATIONAL STRUCTURES, FACILITIES MORE OPEN TO THE ENVIRONMENT AND CLASSROOM AND GATHERING SPACES DESIGNED TO ENCOURAGE COLLABORATION AND INTEGRATED LEARNING.IN THE ACADEMY, COLLEGE PREPARATORY GRADUATION REQUIREMENTS INCLUDE CREDITS IN ENGLISH, SCIENCE, SOCIAL STUDIES, MATHEMATICS, FOREIGN LANGUAGE, PHYSICAL EDUCATION, PERFORMING ARTS, AND COMMUNITY SERVICE.
SUMMER SCHOOL OFFERS A VARIED AND ENRICHED PROGRAM IN ACADEMICS, SPORTS, MUSIC AND DANCE. THE PROGRAMS STIMULATE INTEREST, CREATIVITY AND ENJOYMENT IN SPECIAL AREAS THAT ARE NOT ALWAYS COVERED DURING THE REGULAR SCHOOL YEAR.
CO-CURRICULAR ACTIVITIES ARE AN ESSENTIAL PART OF THE PUNAHOU EXPERIENCE, HELPING STUDENTS DEVELOP A SENSE OF RESPONSIBILITY, COMMITMENT, CONFIDENCE AND LEADERSHIP.WITH A FOCUS ON EXPERIENTIAL, HANDS-ON, AND COLLABORATIVE LEARNING, THE CURRICULUM IS SUPPORTED BY A WIDE VARIETY OF MEDIA SERVICES, TECHNOLOGY RESOURCES AND A WELL-ROUNDED ARTS PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael E Latham President | Officer | 40 | $538,540 |
James K Scott Former President | 0 | $273,764 | |
Sunny Donenfeld VP & Treasurer | Officer | 40 | $265,022 |
James Laclair Cio - Information Technology | 40 | $248,768 | |
Paris T Priore-Kim Principal - Junior School | Officer | 40 | $244,957 |
Emily N Mccarren Principal - Academy | Officer | 40 | $243,678 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rha Energy Partners Llc Construction | 6/29/21 | $6,260,443 |
S & M Sakamoto Construction | 6/29/21 | $1,065,345 |
Nordic Pcl Construction Construction | 6/29/21 | $1,022,755 |
Whitespace Architects Inc Architects | 6/29/21 | $966,052 |
Applied Surfacing Technology Flooring/surfaces | 6/29/21 | $877,735 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,790,670 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,136,842 |
| Noncash contributions included in lines 1a–1f | $877,560 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,927,512 |
| Total Program Service Revenue | $106,563,859 |
| Investment income | $1,680,671 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $206,793 |
| Net Gain/Loss on Asset Sales | $759,086 |
| Net Income from Fundraising Events | -$133,075 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$9,507 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $122,251,506 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $10,920,634 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,757,426 |
| Compensation of current officers, directors, key employees. | $1,766,329 |
| Compensation to disqualified persons | $184,487 |
| Other salaries and wages | $57,043,471 |
| Pension plan accruals and contributions | $5,139,483 |
| Other employee benefits | $16,041,230 |
| Payroll taxes | $4,493,077 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $40,443,874 |
| Fees for services: Accounting | $170,332 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $21,600 |
| Fees for services: Investment Management | $697,101 |
| Fees for services: Other | $2,615,640 |
| Advertising and promotion | $56,868 |
| Office expenses | $5,418,950 |
| Information technology | $2,348,203 |
| Royalties | $0 |
| Occupancy | $2,544,365 |
| Travel | $400,280 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $230,056 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,686,339 |
| Insurance | $1,746,315 |
| All other expenses | $74,443 |
| Total functional expenses | $167,104,735 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,165,074 |
| Savings and temporary cash investments | $5,127,119 |
| Pledges and grants receivable | $14,681,257 |
| Accounts receivable, net | $19,037 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,580,198 |
| Prepaid expenses and deferred charges | $1,793,595 |
| Net Land, buildings, and equipment | $200,233,721 |
| Investments—publicly traded securities | $85,349,030 |
| Investments—other securities | $295,420,342 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $28,166,889 |
| Total assets | $664,536,262 |
| Accounts payable and accrued expenses | $9,788,396 |
| Grants payable | $0 |
| Deferred revenue | $8,036,233 |
| 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 | $20,000,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $66,782,224 |
| Total liabilities | $104,606,853 |
| Net assets without donor restrictions | $321,284,593 |
| Net assets with donor restrictions | $238,644,816 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $664,536,262 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Punahou School has recieved totaling $93,700.
| Awarding Organization | Amount |
|---|---|
Gates Family Foundation Denver, CO PURPOSE: SCHOLARSHIPS/FELLOWSHIPS | $30,000 |
Gates Family Foundation Denver, CO PURPOSE: RENOVATION | $25,000 |
Gates Family Foundation Denver, CO PURPOSE: RENOVATION | $25,000 |
S S Fook Sing Foundation Honolulu, HI PURPOSE: TO SUPPORT THE EDUCATIONAL PURPOSE OF THE SCHOOL | $12,500 |
Lowell Berry Foundation Lafayette, CA PURPOSE: GENERAL SUPPORT | $500 |
De La Cour Family Foundation Glen Cove, NY PURPOSE: TO HELP FUND THE RECIPIENTS OPERATING BUDGET | $500 |
Endowment Analysis
| Beg. Balance | $270,425,749 |
| Earnings | $114,965,514 |
| Admin Expense | $659,691 |
| Net Contributions | $4,269,654 |
| Other Expense | $5,648,564 |
| Grants | $3,778,029 |
| Ending Balance | $379,574,633 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Trustees Of The Estate Of Bernice Pauahi Bishop Honolulu, HI | $11,860,305,202 | $1,626,952,465 |
Aspire Public Schools Oakland, CA | $207,841,845 | $233,476,749 |
Punahou School Honolulu, HI | $664,536,262 | $122,251,506 |
Harvard-Westlake School Studio City, CA | $519,427,126 | $134,983,009 |
The Harker School San Jose, CA | $301,623,113 | $112,065,304 |
Taipei American School Foundation Los Angeles, CA | $200,440,067 | $84,912,591 |
Roessler-Chadwick Foundation Palos Verdes Peninsula, CA | $148,653,684 | $85,001,982 |
Antelope Valley Learning Academy Inc Valencia, CA | $39,011,789 | $89,911,071 |
Iolani School Honolulu, HI | $388,589,856 | $96,713,611 |
Valley Christian Schools San Jose, CA | $114,034,879 | $67,792,442 |
Crossroads School For Arts And Sciences Santa Monica, CA | $228,466,642 | $71,695,660 |
Brentwood School Los Angeles, CA | $181,845,528 | $61,517,128 |