Hawaii Pacific University
- Assets
- $243.8m
- Revenue
- $132.1m
- Investments
- $0.0
- Employees
- 1,296
- Location
- Honolulu, HI
- Founding
- 10/1966
- Data as of
- 06/2022
- 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 06/2022, Hawaii Pacific University employed 1,296 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 06/2022, Hawaii Pacific University generated $132.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $128.6m during the year ending 06/2022. While expenses have increased by 3.0% per year over the past 7 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
2022
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 | $599,577 |
James Ajello Trustee, Treasurer | OfficerTrustee | 2 | $0 |
Adrian Bellamy Trustee | Trustee | 1 | $0 |
Elizabeth Bryant Trustee | Trustee | 1 | $0 |
Jeffrey Boromisa Trustee | Trustee | 1 | $0 |
Joachim Cox Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aramark Services Inc Food Services | 6/29/22 | $2,623,401 |
Allied Universal Security Services Security Services | 6/29/22 | $722,194 |
Ellucian Company Lp Information Technology | 6/29/22 | $487,318 |
Vip Transportation Inc Transportation/shuttle Services | 6/29/22 | $351,858 |
Hawaiian Airlines Air Transportation Services | 6/29/22 | $334,392 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $40,505 |
| Related organizations | $0 |
| Government grants | $15,928,225 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,441,192 |
| Noncash contributions included in lines 1a–1f | $51,069 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,409,922 |
| Total Program Service Revenue | $111,068,322 |
| Investment income | $1,172,670 |
| Tax Exempt Bond Proceeds | $175,297 |
| Royalties | $26,294 |
| Net Rental Income | -$4,540,652 |
| Net Gain/Loss on Asset Sales | $2,599,303 |
| Net Income from Fundraising Events | $71,285 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $132,058,773 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $40,672,178 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,663,403 |
| Compensation of current officers, directors, key employees. | $1,712,253 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $31,584,972 |
| Pension plan accruals and contributions | $1,513,946 |
| Other employee benefits | $3,199,039 |
| Payroll taxes | $2,619,574 |
| Fees for services: Management | $4,314 |
| Fees for services: Legal | $244,180 |
| Fees for services: Accounting | $260,733 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,654,230 |
| Advertising and promotion | $1,841,097 |
| Office expenses | $2,638,086 |
| Information technology | $4,996,547 |
| Royalties | $0 |
| Occupancy | $9,454,638 |
| Travel | $1,566,812 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $474,236 |
| Interest | $4,713,658 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,657,964 |
| Insurance | $1,331,161 |
| All other expenses | $4,900,487 |
| Total functional expenses | $128,638,023 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $997 |
| Savings and temporary cash investments | $11,824,805 |
| Pledges and grants receivable | $2,022,075 |
| Accounts receivable, net | $12,146,505 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $849,052 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,664,027 |
| Net Land, buildings, and equipment | $86,772,813 |
| Investments—publicly traded securities | $48,478,375 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $80,086,334 |
| Total assets | $243,844,983 |
| Accounts payable and accrued expenses | $9,100,809 |
| Grants payable | $0 |
| Deferred revenue | $5,844,295 |
| Tax-exempt bond liabilities | $71,720,837 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $891,390 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $82,645,732 |
| Total liabilities | $170,203,063 |
| Net assets without donor restrictions | $51,458,315 |
| Net assets with donor restrictions | $22,183,605 |
| 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 | $243,844,983 |
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 |