Hawaii Pacific University
- Assets
- $167.4m
- Revenue
- $102.7m
- Investments
- $0.0
- Employees
- 1,419
- Location
- Honolulu, HI
- Founding
- 10/1966
- Data as of
- 06/2020
- 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 06/2020, Hawaii Pacific University employed 1,419 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 06/2020, Hawaii Pacific University generated $102.7m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 0.0% each year. All expenses for the organization totaled $105.0m during the year ending 06/2020. While expenses have increased by 0.1% 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
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:
Part 3 - Line 4a
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 | $549,342 |
Jan Boivin Svp, General Counsel, Secretary | Officer | 40 | $289,828 |
David Kostecki SVP & CFO | Officer | 40 | $278,459 |
William Rhey Dean, College Of Business | Officer | 40 | $251,212 |
Samuel Moku Vp, University Relations | 40 | $214,512 | |
Stephen Ward Vp, Comm. & Marketing | 40 | $212,241 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aramark Services Inc Food Services | 6/29/20 | $3,127,424 |
Allied Universal Security Services Security Services | 6/29/20 | $978,681 |
Perkins Will Inc Architecture | 6/29/20 | $833,623 |
Wkf Inc Real Estate | 6/29/20 | $832,847 |
Randall Industries Inc Contractor | 6/29/20 | $681,310 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $36,765 |
| Related organizations | $0 |
| Government grants | $2,827,779 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,950,563 |
| Noncash contributions included in lines 1a–1f | $5,051 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,815,107 |
| Total Program Service Revenue | $95,930,952 |
| Investment income | $1,074,840 |
| Tax Exempt Bond Proceeds | $108,333 |
| Royalties | $8,328 |
| Net Rental Income | -$4,502,835 |
| Net Gain/Loss on Asset Sales | $919,984 |
| Net Income from Fundraising Events | $14,631 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $102,650,115 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $31,274,684 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,354,449 |
| Compensation of current officers, directors, key employees. | $1,445,156 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $31,933,014 |
| Pension plan accruals and contributions | $506,015 |
| Other employee benefits | $2,830,251 |
| Payroll taxes | $2,374,222 |
| Fees for services: Management | $8,305 |
| Fees for services: Legal | $197,210 |
| Fees for services: Accounting | $319,247 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $16,455 |
| Fees for services: Investment Management | $45,181 |
| Fees for services: Other | $6,043,963 |
| Advertising and promotion | $837,177 |
| Office expenses | $2,057,542 |
| Information technology | $2,396,218 |
| Royalties | $0 |
| Occupancy | $6,705,541 |
| Travel | $1,369,164 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $303,415 |
| Interest | $4,870,741 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,732,518 |
| Insurance | $1,074,057 |
| All other expenses | $1,466,559 |
| Total functional expenses | $105,012,409 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $995 |
| Savings and temporary cash investments | $11,761,566 |
| Pledges and grants receivable | $1,896,815 |
| Accounts receivable, net | $5,206,929 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,019,461 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,434,199 |
| Net Land, buildings, and equipment | $92,926,418 |
| Investments—publicly traded securities | $43,568,875 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $8,661,629 |
| Other assets | $933,867 |
| Total assets | $167,410,754 |
| Accounts payable and accrued expenses | $9,312,645 |
| Grants payable | $0 |
| Deferred revenue | $10,001,926 |
| Tax-exempt bond liabilities | $74,596,971 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,042,028 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,829,905 |
| Total liabilities | $98,783,475 |
| Net assets without donor restrictions | $52,359,435 |
| Net assets with donor restrictions | $16,267,844 |
| 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 | $167,410,754 |
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 8 grants that Hawaii Pacific University has recieved totaling $35,130.
| Awarding Organization | Amount |
|---|---|
Takaki Foundation Honolulu, HI PURPOSE: GENERAL SUPPORT | $25,000 |
Kaiulani Home For Girls Trust Honolulu, HI PURPOSE: SCHOLARSHIP | $2,380 |
Trust U/W Frank E Page Nect Jacksonville, FL PURPOSE: UNRESTRICTED GENERAL | $2,250 |
Kaiulani Home For Girls Trust Honolulu, HI PURPOSE: SCHOLARSHIP | $2,000 |
Aiea General Hospital Association Scholarship Fund Honolulu, HI PURPOSE: SCHOLARSHIP | $1,000 |
Aiea General Hospital Association Scholarship Fund Honolulu, HI PURPOSE: SCHOLARSHIP | $1,000 |
Endowment Analysis
| Beg. Balance | $41,911,674 |
| Earnings | $1,829,396 |
| Net Contributions | $555,228 |
| Other Expense | $1,259,233 |
| Ending Balance | $43,037,065 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pepperdine University Malibu, CA | $2,047,744,709 | $580,174,202 |
Loyola Marymount University Los Angeles, CA | $1,440,707,978 | $556,313,636 |
Chapman University Orange, CA | $1,605,493,045 | $623,060,469 |
President-Board Of Trustees Santa Clara College Santa Clara, CA | $2,391,705,262 | $550,696,402 |
University Of San Diego San Diego, CA | $1,513,056,957 | $520,612,377 |
University Of San Francisco San Francisco, CA | $1,504,911,825 | $571,770,890 |
University Of The Pacific Stockton, CA | $1,134,390,428 | $460,359,740 |
Loma Linda University Loma Linda, CA | $1,680,846,175 | $284,623,400 |
Loma Linda University Shared Services Loma Linda, CA | $297,987,875 | $307,068,442 |
Azusa Pacific University Azusa, CA | $352,158,662 | $298,077,591 |
National University La Jolla, CA | $1,273,278,667 | $550,478,609 |
Biola University Inc La Mirada, CA | $488,716,476 | $260,665,144 |