Hawaii Pacific University
- Assets
- $252.0m
- Revenue
- $108.5m
- Investments
- $0.0
- Employees
- 1,298
- Location
- Honolulu, HI
- Founding
- 10/1966
- Data as of
- 06/2021
- EIN
- 99-0113930
Organization Overview
Hawaii Pacific University is located in Honolulu, HI. The organization was established in 1966. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2021, Hawaii Pacific University employed 1,298 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hawaii Pacific University 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, Hawaii Pacific University generated $108.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $104.7m during the year ending 06/2021. While expenses have increased by 0.0% 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
HPU IS AN INTERNATIONAL LEARNING COMMUNITY SET IN THE RICH CULTURAL CONTEXT OF HAWAII. OUR INNOVATIVE PROGRAMS PREPARE OUR GRADUATES AS ACTIVE MEMBERS OF A GLOBAL SOCIETY.
Describe the Organization's Program Activity:
THE UNIVERSITY PROVIDES HIGHER EDUCATION SERVICES TO APPROXIMATELY 5000 STUDENTS. GRANTS ARE PRIMARILY MERIT AND NEED-BASED SCHOLARSHIPS PROVIDED TO STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Gotanda Trustee, President | OfficerTrustee | 40 | $672,805 |
David Kostecki SVP & CFO | Officer | 40 | $267,918 |
Jan Boivin Svp, General Counsel, Secretary | Officer | 40 | $260,481 |
Jennifer Walsh SVP & Provost | Officer | 40 | $258,421 |
Samuel Moku Executive Director Of Athletics | 40 | $211,980 | |
Gregory Grauman Vp, Enrollment Management | 40 | $207,264 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Allied Universal Security Services Security Services | 6/29/21 | $1,040,970 |
Aramark Services Inc Food Services | 6/29/21 | $2,471,464 |
Servi-tek Inc Janitorial Services | 6/29/21 | $408,221 |
Ellucian Company Lp Information Technology | 6/29/21 | $470,512 |
Ernst & Young Llp Cpa Services | 6/29/21 | $285,741 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,779,143 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,602,573 |
| Noncash contributions included in lines 1a–1f | $4,825 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,381,716 |
| Total Program Service Revenue | $96,255,022 |
| Investment income | $1,217,648 |
| Tax Exempt Bond Proceeds | $112,854 |
| Royalties | $16,810 |
| Net Rental Income | -$5,069,271 |
| Net Gain/Loss on Asset Sales | $1,194,699 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $108,453,356 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $33,893,606 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,351,533 |
| Compensation of current officers, directors, key employees. | $1,498,100 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $31,036,125 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,319,672 |
| Payroll taxes | $2,353,853 |
| Fees for services: Management | $6,027 |
| Fees for services: Legal | -$100,541 |
| Fees for services: Accounting | $154,687 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $53,635 |
| Fees for services: Other | $6,355,160 |
| Advertising and promotion | $933,109 |
| Office expenses | $1,971,481 |
| Information technology | $2,618,383 |
| Royalties | $0 |
| Occupancy | $7,462,641 |
| Travel | $594,397 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $315,604 |
| Interest | $4,807,454 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,439,426 |
| Insurance | $1,198,874 |
| All other expenses | $787,660 |
| Total functional expenses | $104,721,368 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $995 |
| Savings and temporary cash investments | $14,033,062 |
| Pledges and grants receivable | $2,026,416 |
| Accounts receivable, net | $4,549,118 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $948,409 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,393,481 |
| Net Land, buildings, and equipment | $87,904,693 |
| Investments—publicly traded securities | $57,150,366 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $84,017,082 |
| Total assets | $252,023,622 |
| Accounts payable and accrued expenses | $6,486,101 |
| Grants payable | $0 |
| Deferred revenue | $5,490,946 |
| Tax-exempt bond liabilities | $73,839,485 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,203,056 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $83,040,493 |
| Total liabilities | $170,060,081 |
| Net assets without donor restrictions | $56,876,421 |
| Net assets with donor restrictions | $25,087,120 |
| 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 | $252,023,622 |
Grants Awarded
Over the last fiscal year, Hawaii Pacific University has awarded $132,743 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF HAWAII PURPOSE: RESEARCH | $118,374 |
UNIVERSITY OF HAWAII HILO PURPOSE: RESEARCH | $14,369 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Hawaii Pacific University has recieved totaling $14,000.
| Awarding Organization | Amount |
|---|---|
Atlas Insurance Agency Foundation Honolulu, HI PURPOSE: SUPPORT PROGRAMS | $9,000 |
Island Insurance Foundation Honolulu, HI PURPOSE: EXEMPT PURPOSES OF THE ORGANIZATION | $5,000 |
Endowment Analysis
| Beg. Balance | $43,037,065 |
| Earnings | $11,817,438 |
| Net Contributions | $5,007,216 |
| Other Expense | $3,344,667 |
| Ending Balance | $56,517,052 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chapman University Orange, CA | $2,132,825,456 | $697,718,019 |
Loyola Marymount University Los Angeles, CA | $1,676,232,440 | $723,872,616 |
Pepperdine University Malibu, CA | $2,047,744,709 | $580,174,202 |
University Of San Francisco San Francisco, CA | $1,277,161,356 | $554,812,646 |
University Of San Diego San Diego, CA | $1,513,056,957 | $520,612,377 |
President-Board Of Trustees Santa Clara College Santa Clara, CA | $2,958,910,318 | $543,668,030 |
National University San Diego, CA | $1,578,654,080 | $391,699,793 |
University Of The Pacific Stockton, CA | $1,331,534,766 | $478,311,062 |
Loma Linda University Loma Linda, CA | $1,843,254,584 | $350,502,232 |
Loma Linda University Shared Services Loma Linda, CA | $270,756,141 | $292,339,481 |
Azusa Pacific University Azusa, CA | $364,665,569 | $273,144,020 |
Biola University Inc La Mirada, CA | $495,437,445 | $217,190,577 |