Friends Of Iolani Palace
- Assets
- $1.7m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 52
- Location
- Honolulu, HI
- Founding
- 03/1967
- Data as of
- 06/2020
- 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 06/2021, Friends Of Iolani Palace employed 52 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 06/2020, Friends Of Iolani Palace generated $3.1m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 9.2% each year. All expenses for the organization totaled $3.7m during the year ending 06/2020. While expenses have increased by 14.2% per year over the past 5 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATION, RESEARCH, RESTORATION, REFURBISHMENT AND OPERATION FOR THE IOLANI PALACE COMPLEX.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MUSEUM OPERATIONS - OPERATE AND MAINTAIN IOLANI PALACE; TRAIN STAFF FOR TOURS; PLAN PROGRAMS, EXHIBITS AND CEREMONIES. RESERVATIONS FOR SCHOOL TOURS AT IOLANI PALACE CAN BE BOOKED ON TUESDAYS THROUGH FRIDAYS TO ACCOMMODATE STUDENTS FROM VARIOUS PUBLIC SCHOOLS. HIGH SCHOOL AND COLLEGE STUDENTS, AS WELL AS THOSE STUDENTS FROM PRIVATE SCHOOLS, ARE MORE FLEXIBLE IN THEIR SCHEDULES AND USUALLY TAKE THE SELF-GUIDED AUDIO TOURS IN THE AFTERNOONS. THERE WERE 1,477 STUDENTS WHO VISITED THE PALACE IN 2020. GIVEN THE DISPROPORTIONATELY LARGE NUMBER OF MILITARY PERSONNEL AND THEIR FAMILIES LIVING ON OAHU, WE HAVE BEEN PARTICIPATING SINCE 2012 IN THE NATIONAL BLUE STAR MUSEUMS PROGRAM BY OFFERING FREE ADMISSION TO ACTIVE DUTY MEMBERS AND THEIR FAMILIES FROM MEMORIAL DAY THROUGH LABOR DAY. WE ALSO DESIGNATE ONE SUNDAY OF EVERY MONTH AS "KAMAAINA SUNDAY" WHERE LOCAL RESIDENTS RECEIVE A DOCENT-LED TOUR OF THE PALACE WITHOUT HAVING TO PAY AN ADMISSION FEE.TO SERVE THE INTERNATIONAL COMMUNITY, THE MUSEUM OFFERS AUDIO TOURS IN MANDARIN CHINESE, SPANISH, FRENCH, GERMAN, ENGLISH, JAPANESE, AND KOREAN. (WE ALSO OFFER A HAWAIIAN-LANGUAGE AUDIO TOUR, PRIMARILY FOR IMMERSION SCHOOL STUDENTS.) THE MUSEUM IS ALSO AN ASSOCIATE MEMBER OF THE CONSULAR CORPS OF HAWAII, OWING TO THE CONSIDERABLE NUMBER OF FOREIGN DIGNITARIES WHOSE COMPLIMENTARY VISITS TO THE PALACE ARE ARRANGED BY THEIR RESPECTIVE CONSULS GENERAL IN HONOLULU. THE MUSEUM 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.
PALACE SHOPS - PRIMARILY SELLING PRODUCTS DERIVED FROM OR RELATED TO IOLANI PALACE HISTORY, ALONG WITH UNRELATED ITEMS FOR THE CONVENIENCE OF VISITORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paula Guanzon Executive Director | Officer | 40 | $123,104 |
Pono Shim President | OfficerTrustee | 4 | $0 |
Billy Pieper First Vice President | OfficerTrustee | 2 | $0 |
Leilani Williams-Soloman Treasurer | OfficerTrustee | 2 | $0 |
Mark Shklov Second Vice President | OfficerTrustee | 2 | $0 |
Kawena Beaupre Secretary | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mrc Roofing Llc Construction | 6/29/20 | $267,218 |
Robert M Kaya Builders Inc Construction | 6/29/20 | $563,279 |
Creo Industrial Arts Llc Construction | 6/29/20 | $200,000 |
Robert M Kaya Builders Inc Construction | 6/29/20 | $563,279 |
Mrc Roofing Llc Construction | 6/29/20 | $267,218 |
Creo Industrial Arts Llc Construction | 6/29/20 | $200,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $91,580 |
| Fundraising events | $41,160 |
| Related organizations | $0 |
| Government grants | $891,533 |
| All other contributions, gifts, grants, and similar amounts not included above | $528,156 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,552,429 |
| Total Program Service Revenue | $1,524,325 |
| Investment income | $531 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,750 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $87,015 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$25,936 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,141,450 |
| 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. | $143,176 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,353,673 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,424 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $71,499 |
| Advertising and promotion | $61,956 |
| Office expenses | $86,811 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $159,579 |
| Travel | $4,452 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,286 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $46,560 |
| Insurance | $37,341 |
| All other expenses | $3,057 |
| Total functional expenses | $3,740,142 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,342,207 |
| Savings and temporary cash investments | $50,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,434 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $96,557 |
| Prepaid expenses and deferred charges | $9,675 |
| Net Land, buildings, and equipment | $130,787 |
| Investments—publicly traded securities | $9,800 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,651,460 |
| Accounts payable and accrued expenses | $475,595 |
| Grants payable | $0 |
| Deferred revenue | $277,483 |
| 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 | $50,000 |
| Unsecured mortgages and notes payable | $184,915 |
| Other liabilities | $0 |
| Total liabilities | $987,993 |
| Net assets without donor restrictions | $232,913 |
| Net assets with donor restrictions | $430,554 |
| 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 | $1,651,460 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Friends Of Iolani Palace has recieved totaling $32,104.
| Awarding Organization | Amount |
|---|---|
John R Halligan Charitable Fund Bannockburn, IL PURPOSE: UNRESTRICTED FOR GENERAL USE OF CHARITY | $10,000 |
Gates Family Foundation Denver, CO PURPOSE: UNRESTRICTED | $7,500 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $6,000 |
Altres Foundation Honolulu, HI PURPOSE: FOR MUSEUM PRESERVATION | $5,000 |
Central Pacific Bank Foundation Honolulu, HI PURPOSE: CPB WOMEN'S LEADERSHIP PROGRAM | $1,885 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $1,207 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Uss Missouri Memorial Association Inc Aiea, HI | $41,047,033 | $13,975,147 |
Marines Memorial Association San Francisco, CA | $13,712,707 | $12,603,653 |
Ntc Foundation San Diego, CA | $54,489,877 | $9,435,197 |
Pacific Historic Parks Aiea, HI | $16,680,796 | $4,440,631 |
Hobart Preservation Foundation San Francisco, CA | $24,942,337 | $3,593,927 |
Friends Of Iolani Palace Honolulu, HI | $1,651,460 | $3,141,450 |
Los Angeles Conservancy Los Angeles, CA | $8,280,807 | $3,801,748 |
Shapell Manuscript Foundation Los Angeles, CA | $1,711,574 | $1,663,093 |
Gamble House Conservancy Pasadena, CA | $12,495,280 | $2,319,965 |
Casa Romantica Cultural Center And Gardens San Clemente, CA | $3,421,962 | $1,657,499 |
Santa Barbara Trust For Historic Preservation Santa Barbara, CA | $13,260,806 | $2,053,886 |
Manoa Heritage Center Honolulu, HI | $3,677,328 | $732,815 |