Trustees Of The Estate Of Bernice Pauahi Bishop
- Assets
- $11.9b
- Revenue
- $1.6b
- Investments
- $9.6b
- Employees
- 3,265
- 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 06/2021, Kamehameha Schools employed 3,265 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 6 years, it has increased revenue by an average of 23.2% each year . All expenses for the organization totaled $526.3m during the year ending 06/2021. While expenses have increased by 2.6% 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.
Since 2015, Kamehameha Schools has awarded 853 individual grants totaling $299,000,253. 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
990T
Mission & Program ActivityExcerpts From the 990T 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:
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 29 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 | $2,593,000 |
Burton Yuen Managing Dir. - Fin'l Assets | 50 | $1,178,218 | |
M'liss Moore Until 12021 Managing Dir. - Fin'l Assets | 50 | $744,085 | |
Timothy Slottow Evp - Finance & CFO | Officer | 50 | $741,131 |
L Jack Wong CEO | Officer | 50 | $680,838 |
Cara Nakamura Managing Dir. - Fin'l Assets | 50 | $520,916 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Uworkcom Inc Workforce Solutions | 6/29/21 | $6,038,808 |
Kprs Hawaii Construction Inc Construction Service | 6/29/21 | $3,603,427 |
S M Sakamoto Inc Construction Service | 6/29/21 | $3,479,957 |
Kiewit Building Group Inc Construction Service | 6/29/21 | $3,694,612 |
Cades Schutte Llp Legal Services | 6/29/21 | $3,431,661 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $727,820 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $24,177 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $751,997 |
| Total Program Service Revenue | $34,721,332 |
| 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 organizations and domestic governments. | $34,389,048 |
| 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 of current officers, directors, key employees. | $7,970,193 |
| 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 | $6,281,329 |
| 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 |
| Net Land, buildings, and equipment | $810,695,713 |
| 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 | $11,279,346,057 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $11,860,305,202 |
Grants Awarded
Over the last fiscal year, Trustees Of The Estate Of Bernice Pauahi Bishop has awarded $34,348,551 in support to 120 organizations.
| Grant Recipient | Amount |
|---|---|
Honolulu, HI PURPOSE: EDUCATIONAL SUPPORT | $2,686,181 |
UNIVERSITY OF HAWAII PURPOSE: EDUCATIONAL SUPPORT | $2,240,093 |
Honolulu, HI PURPOSE: EDUCATIONAL SUPPORT | $1,957,590 |
Honolulu, HI PURPOSE: EDUCATIONAL SUPPORT | $1,880,000 |
Honolulu, HI PURPOSE: EDUCATIONAL SUPPORT | $1,866,617 |
Hilo, HI PURPOSE: EDUCATIONAL SUPPORT | $1,726,259 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Trustees Of The Estate Of Bernice Pauahi Bishop has recieved totaling $14,898.
| Awarding Organization | Amount |
|---|---|
Tulsa Community Foundation Tulsa, OK PURPOSE: SCHOLARSHIP | $14,898 |
Endowment Analysis
| Beg. Balance | $23,210,910 |
| Earnings | $5,408,822 |
| Net Contributions | $5,649,296 |
| Grants | $558,339 |
| Ending Balance | $33,710,689 |
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 |