Friends Of Iolani Palace
- Assets
- $3.9m
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 51
- Location
- Honolulu, HI
- Founding
- 03/1967
- Data as of
- 06/2022
- EIN
- 99-0115665
Organization Overview
Friends Of Iolani Palace is located in Honolulu, HI. The organization was established in 1967. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2023, Friends Of Iolani Palace employed 51 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of Iolani Palace 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 06/2022, Friends Of Iolani Palace generated $3.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 10.0% each year. All expenses for the organization totaled $2.1m during the year ending 06/2022. While expenses have increased by 1.2% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATION, RESEARCH, RESTORATION, REFURBISHMENT AND OPERATION FOR THE IOLANI PALACE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MUSEUM OPERATIONS - VISITORS FROM AROUND THE WORLD VISIT THE PALACE. AUDIO TOURS ARE AVAILABLE IN ENGLISH, FRENCH, GERMAN, JAPANESE, KOREAN, MANDARIN CHINESE, SPANISH AND ITALIAN. WE ALSO OFFER A HAWAIIAN-LANGUAGE AUDIO TOUR, PRIMARILY FOR STUDENTS IN HAWAIIAN LANGUAGE IMMERSION SCHOOLS. OUR VISITOR COUNT TOTAL WAS 103,815 FOR THE REPORTING YEAR.WE DESIGNATE THE SECOND SUNDAY OF EVERY MONTH AS "KAMA'AINA SUNDAY," WHERE UP TO 500 RESIDENTS RECEIVE A SELF-GUIDED AUDIO TOUR OF THE PALACE WITHOUT HAVING TO PAY AN ADMISSION FEE. THE MUSEUM SERVES A CONSIDERABLE NUMBER OF FOREIGN DIGNITARIES WHOSE COMPLIMENTARY VISITS TO THE PALACE ARE ARRANGED BY THEIR RESPECTIVE CONSULS GENERAL IN HONOLULU. THE PALACE HAS ALSO WELCOMED IN THE PAST THE HEAD OF STATE FOR THE INDEPENDENT NATION OF SAMOA, THE KING OF AOTEAROA (NEW ZEALAND), THE KING OF TONGA, THE VICE PREMIER OF THE STATE COUNCIL FOR THE PEOPLE'S REPUBLIC OF CHINA, GOVERNORS OF VARIOUS PREFECTURES IN JAPAN, AND HIS HOLINESS THE DALAI LAMA.THE PALACE OFFERS AN EDUCATIONAL PROGRAM THAT FOCUSES ON HAWAIIAN HISTORY AND THE LAST MONARCH OF THE KINGDOM OF HAWAI'I. WE ARE COMMITTED TO PROVIDING STUDENTS WITH A WELL-ROUNDED EDUCATIONAL EXPERIENCE THAT COMBINES HISTORY AND CULTURE. THERE WERE 5783 STUDENT VISITORS THIS YEAR.
PALACE SHOPS - PRIMARILY SELLING PRODUCTS DERIVED FROM OR RELATED TO IOLANI PALACE HISTORY, ALONG WITH ITEMS FOR THE CONVENIENCE OF VISITORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Billy Pieper President | OfficerTrustee | 2 | $0 |
Ashley Ono First Vice President | OfficerTrustee | 2 | $0 |
Brian Kealoha Second Vice President | OfficerTrustee | 2 | $0 |
Leilani Williams-Solomon Treasurer | OfficerTrustee | 2 | $0 |
Kuhio Lewis Secretary | OfficerTrustee | 2 | $0 |
Isaiah Aina Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mrc Roofing Llc Construction | 6/29/20 | $267,218 |
Creo Industrial Arts Llc Construction | 6/29/20 | $200,000 |
Robert M Kaya Builders Inc Construction | 6/29/20 | $563,279 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $100,898 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,150,959 |
| All other contributions, gifts, grants, and similar amounts not included above | $559,642 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,811,499 |
| Total Program Service Revenue | $1,581,997 |
| Investment income | $409 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $274 |
| Net Income from Fundraising Events | $53,970 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $123,721 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,579,013 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $98,481 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $863,846 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $162,859 |
| Payroll taxes | $103,592 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,660 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $68,645 |
| Advertising and promotion | $29,145 |
| Office expenses | $109,584 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $200,098 |
| Travel | $129 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $438 |
| Interest | $8,739 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $43,880 |
| Insurance | $26,454 |
| All other expenses | $3,075 |
| Total functional expenses | $2,059,778 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,366,646 |
| Savings and temporary cash investments | $50,164 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $201,756 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $75,611 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $85,737 |
| Investments—publicly traded securities | $108,043 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,887,957 |
| Accounts payable and accrued expenses | $168,583 |
| Grants payable | $0 |
| Deferred revenue | $65,683 |
| 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 | $44,618 |
| Unsecured mortgages and notes payable | $509,275 |
| Other liabilities | $0 |
| Total liabilities | $788,159 |
| Net assets without donor restrictions | $2,790,347 |
| Net assets with donor restrictions | $309,451 |
| 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 | $3,887,957 |