Island School
- Assets
- $21.4m
- Revenue
- $8.2m
- Investments
- $1.4m
- Employees
- 115
- Location
- Lihue, HI
- Founding
- 07/1976
- Data as of
- 06/2022
- EIN
- 99-0171474
Organization Overview
Island School is located in Lihue, HI. The organization was established in 1976. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Island School employed 115 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Island School 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, Island School generated $8.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $6.9m during the year ending 06/2022. While expenses have increased by 2.5% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATING THE MIND. INSPIRING THE HEART. PREPARING KAUAI'S YOUTH TO LEAD LIVES OF SIGNIFICANCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRE- KINDERGARTEN THRU TWELFTH GRADE SCHOOL OPERATION- 460 STUDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katherine G Richardson President | OfficerTrustee | 1 | $0 |
David W Pratt Vice President | OfficerTrustee | 1 | $0 |
Samuel W Pratt Treasurer | OfficerTrustee | 1 | $0 |
Charles G King Asst. Treasurer | OfficerTrustee | 1 | $0 |
Laura Cushnie Vice President | OfficerTrustee | 1 | $0 |
Christine Ing Asst. Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $347,322 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,325,546 |
| Noncash contributions included in lines 1a–1f | $129,369 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,672,868 |
| Total Program Service Revenue | $6,360,858 |
| Investment income | $63,435 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $8,686 |
| Net Gain/Loss on Asset Sales | $31,137 |
| Net Income from Fundraising Events | $64,635 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,201,619 |
| 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. | $212,120 |
| Compensation of current officers, directors, key employees. | $212,120 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,027,097 |
| Pension plan accruals and contributions | $80,056 |
| Other employee benefits | $540,135 |
| Payroll taxes | $295,356 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $39,995 |
| Fees for services: Accounting | $30,343 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $38,121 |
| Advertising and promotion | $0 |
| Office expenses | $14,635 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $9,874 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $341,257 |
| Insurance | $83,615 |
| All other expenses | $401,972 |
| Total functional expenses | $6,900,678 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,795,227 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,176,342 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $7,639 |
| Prepaid expenses and deferred charges | $91,391 |
| Net Land, buildings, and equipment | $9,336,931 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,400,946 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,551,658 |
| Total assets | $21,360,134 |
| Accounts payable and accrued expenses | $379,610 |
| Grants payable | $0 |
| Deferred revenue | $6,443,604 |
| 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 | $240,058 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $61,718 |
| Total liabilities | $7,124,990 |
| Net assets without donor restrictions | $11,257,540 |
| Net assets with donor restrictions | $2,977,604 |
| 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 | $21,360,134 |