Island School
- Assets
- $19.2m
- Revenue
- $7.7m
- Investments
- $1.6m
- Employees
- 110
- Location
- Lihue, HI
- Founding
- 07/1976
- Data as of
- 06/2021
- 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 06/2021, Island School employed 110 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 06/2021, Island School generated $7.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $5.9m during the year ending 06/2021. While expenses have increased by 0.3% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
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- 420 STUDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kate Conway Head Of School/ Principal | Officer | 40 | $70,918 |
David W Pratt Vice President | OfficerTrustee | 1 | $0 |
Christine Ing Asst. Secretary | OfficerTrustee | 1 | $0 |
Samuel W Pratt Treasurer | OfficerTrustee | 1 | $0 |
Sonia Topenio Secretary | OfficerTrustee | 1 | $0 |
Laura Cushnie Vice President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $116,745 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,209,536 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,326,281 |
| Total Program Service Revenue | $5,153,770 |
| Investment income | $33,140 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $27,068 |
| Net Gain/Loss on Asset Sales | $96,196 |
| Net Income from Fundraising Events | $49,165 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,685,620 |
| 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. | $187,521 |
| Compensation of current officers, directors, key employees. | $187,521 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,532,775 |
| Pension plan accruals and contributions | $52,653 |
| Other employee benefits | $435,780 |
| Payroll taxes | $268,012 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $62,266 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $15,133 |
| 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 | $3,648 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $333,972 |
| Insurance | $74,757 |
| All other expenses | $356,310 |
| Total functional expenses | $5,931,341 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,601,075 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,247,666 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,813 |
| Prepaid expenses and deferred charges | $116,674 |
| Net Land, buildings, and equipment | $9,300,897 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,599,987 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,340,666 |
| Total assets | $19,211,778 |
| Accounts payable and accrued expenses | $461,582 |
| Grants payable | $0 |
| Deferred revenue | $5,317,213 |
| 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 | $246,851 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $7,108 |
| Total liabilities | $6,032,754 |
| Net assets without donor restrictions | $10,375,839 |
| Net assets with donor restrictions | $2,803,185 |
| 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 | $19,211,778 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Island School has recieved totaling $235,857.
| Awarding Organization | Amount |
|---|---|
Lga Family Foundation Honolulu, HI PURPOSE: BUILD NEW CLASSROOM BUILDING | $100,000 |
S W Wilcox Trust Honolulu, HI PURPOSE: CAPITAL CAMPAIGN | $50,000 |
Garmar Foundation Honolulu, HI PURPOSE: CHARITABLE GRANT FOR CAPITAL CAMPAIGN | $25,000 |
Waimakua Foundation Lihue, HI PURPOSE: RESTRICTED - CAPITAL CAMPAIGN FOR NEW BUILDING | $25,000 |
Indian River Community Foundation Vero Beach, FL PURPOSE: GENERAL OPERATING | $10,000 |
Bank Of Hawaii Foundation Honolulu, HI PURPOSE: BASEBALL FIELD PROJECT | $10,000 |
Endowment Analysis
| Beg. Balance | $1,348,892 |
| Earnings | $349,720 |
| Admin Expense | $12,559 |
| Net Contributions | $7,656 |
| Other Expense | $60,978 |
| Ending Balance | $1,632,731 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Childrens Day School Inc San Francisco, CA | $48,363,638 | $20,220,768 |
Great Valley Academy Modesto, CA | $24,077,962 | $19,349,620 |
San Francisco Day School San Francisco, CA | $90,241,572 | $23,860,788 |
Synapse School Menlo Park, CA | $20,691,097 | $17,078,899 |
Mark Day School San Rafael, CA | $46,409,583 | $18,444,024 |
Hillbrook School Los Gatos, CA | $32,644,985 | $20,493,868 |
Heights Christian Schools La Habra Heights, CA | $13,507,090 | $16,795,259 |
Griffin Technology Academies Vallejo, CA | $23,322,546 | $19,613,805 |
Valley Christian School System Cerritos, CA | $15,496,227 | $17,847,318 |
Redlands Christian School Redlands, CA | $36,719,487 | $19,631,459 |
John Thomas Dye School Los Angeles, CA | $79,181,916 | $17,060,481 |
Christian Unified Schools Of San Diego El Cajon, CA | $3,718,599 | $16,847,093 |