'IOLANI SCHOOL

EIN: 990073502 501(c)(3) Education

HONOLULU, HI

Total Revenue
$104,930,602
Total Expenses
$94,286,547
Total Assets
$449,841,490
Net Assets
$338,569,989
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Financial Trends

Organization Details

Formation Year
1942
Legal Domicile
HI
Principal Officer
REID GUSHIKEN
Phone
8089495355
Tax Period
2023-07-01 to 2024-06-30

'IOLANI SCHOOL, founded in 1942, is a major nonprofit in the Education sector that reported $104.9M in total revenue in fiscal year 2023. Expenses of $94.3M left a modest 10% surplus.

Mission

'IOLANI'S MISSION IS TO DEVELOP LIBERALLY EDUCATED, WELL-ROUNDED INDIVIDUALS WHO ARE WELL PREPARED FOR HIGHER EDUCATION AND FOR RESPONSIBLE, MORAL CITIZENSHIP. TO FOSTER ACADEMIC EXCELLENCE AND PERSONAL GROWTH, A SCHOOL MUST BE CHALLENGING AND COMPETITIVE YET COMPASSIONATE AND HUMANE. THE 'IOLANI MOTTO "ONE TEAM" EXPRESSES THE SPIRIT OF UNSELFISH COOPERATION AND MUTUAL SUPPORT AMONG FACULTY, STAFF, COACHES, PARENTS AND STUDENTS. 'IOLANI IS COMMITTED TO THE FOLLOWING IDEALS: - AN EDUCATION WHICH REFLECTS ITS EPISCOPAL CHURCH HERITAGE AND PROVIDES A SPIRITUAL FOUNDATION FOR THE DEVELOPMENT OF PERSONAL VALUES AND MORAL INTEGRITY. - AN EXEMPLARY COLLEGE PREPARATORY CURRICULUM WITH SMALL CLASSES, PERSONALIZED INSTRUCTION AND FREQUENT OCCASIONS TO SPEAK, LISTEN, THINK, AND WRITE. - THE DEVELOPMENT OF INDIVIDUALS WHO ARE CREATIVE AND INQUISITIVE, WHO CAN ANALYZE AND SYNTHESIZE INFORMATION TO SOLVE PROBLEMS, AND WHO CONDUCT THEMSELVES WITH CONFIDENCE, DISCRETION, TOLERANCE, AND COMPASSION. - A STUDENT BODY DIVERSE IN CULTURAL, ETHNIC, AND SOCIOECONOMIC BACKGROUNDS WHO BRING THE BEST COMBINATION OF INTELLECT, TALENT, CHARACTER AND LEADERSHIP TO THE SCHOOL. - PROGRAMS WHICH OFFER STUDENTS AMPLE OPPORTUNITY TO DEVELOP THEIR ABILITY AND CONFIDENCE IN INTELLECTUAL, SPIRITUAL, SOCIAL, AESTHETIC AND PHYSICAL PURSUITS. - A BALANCE OF COMMITMENT TO PERSONAL GROWTH WITH CONCERN FOR OTHERS. - LIFELONG LEARNING AND ACTIVE, INFORMED, PRODUCTIVE CITIZENSHIP IN THE LOCAL, NATIONAL AND GLOBAL COMMUNITIES.

Program Service Accomplishments

Program 1
Expenses: $68,634,654 Revenue: $67,103,515

'IOLANI WAS FOUNDED IN 1863 AFTER KING KAMEHAMEHA IV AND QUEEN EMMA SET OUT TO ESTABLISH AN ANGLICAN CHURCH IN HAWAII. THE SCHOOL WAS ROOTED IN THREE SMALL SCHOOLS - A LAHAINA SCHOOL ON THE ISLAND OF...

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'IOLANI WAS FOUNDED IN 1863 AFTER KING KAMEHAMEHA IV AND QUEEN EMMA SET OUT TO ESTABLISH AN ANGLICAN CHURCH IN HAWAII. THE SCHOOL WAS ROOTED IN THREE SMALL SCHOOLS - A LAHAINA SCHOOL ON THE ISLAND OF MAUI, ST. ALBAN'S COLLEGE AND 'IOLANI COLLEGE - FORMED DURING HAWAII'S MONARCHY DAYS.THE SCHOOL'S CAMPUS WAS ONCE LOCATED ON THE GROUNDS OF ST. ANDREW'S CATHEDRAL, MOVED TO NU'UANU, AND THEN FINALLY RELOCATED IN 1946 TO ITS PRESENT 25-ACRE PROPERTY. 'IOLANI WAS ORIGINALLY AN ALL-BOYS SCHOOL, BUT BECAME CO-EDUCATIONAL IN 1979.TODAY, 'IOLANI'S ENROLLMENT HAS GROWN TO APPROXIMATELY 2,200 STUDENTS, WITH ROUGHLY 1,500 IN GRADES 7 - 12. THERE ARE APPROXIMATELY 450 FULL-TIME FACULTY AND STAFF DEDICATED TO STUDENTS FROM DIVERSE BACKGROUNDS ENROLLED IN GRADES K - 12. ROUGHLY 850 PART-TIME OR SEASONAL TEACHERS, AIDES, COACHES, AND STAFF SUPPLEMENT THE SCHOOL'S EXPANSIVE AFTER-SCHOOL, SUMMER, PERFORMING ARTS, ATHLETIC AND EXTRACURRICULAR PROGRAMS. THE SCHOOL'S FACULTY IS HIGHLY QUALIFIED AND COMMITTED TO THEIR STUDENTS WITH RELATIONAL TEACHING A HIGH PRIORITY. TEACHERS ARE ENCOURAGED TO ATTEND CONFERENCES EITHER LOCALLY OR NATIONALLY TO STAY ABREAST OF CURRENT AND EFFECTIVE PEDAGOGIES.'IOLANI UPHOLDS HIGH STANDARDS OF ACADEMIC EXCELLENCE AND IS CONSIDERED AMONGST THE EDUCATIONAL LEADERS IN HAWAII AND AROUND THE WORLD. THE SCHOOL MAINTAINS A HEALTHY FINANCIAL PORTFOLIO AND ATTEMPTS TO KEEP TUITION AS LOW AS POSSIBLE. TUITION COVERS APPROXIMATELY 75% OF THE COST OF EDUCATING A CHILD WITH INVESTMENT EARNINGS FROM THE SCHOOL'S ENDOWMENT AND FUNDRAISING COVERING THE DIFFERENCE BETWEEN TUITION AND THE ACTUAL COST.'IOLANI SCHOOL IS A PRIVATE SCHOOL, YET SERVES THE PUBLIC PURPOSE OF REACHING OUT TO THE COMMUNITY, AS WELL AS BEING A RESOURCE FOR OTHER ORGANIZATIONS. THE SCHOOL IS INCREASINGLY BECOMING MORE GLOBAL, AS STUDENTS ARE CONNECTED BY TECHNOLOGY TO OTHER PARTS OF THE WORLD.IN THE SUMMER OF 2019, THE SCHOOL'S KA'I PROGRAM CELEBRATED ITS 10TH ANNIVERSARY OF SERVING UNDERPRIVILEGED YOUTH IN NEARBY PALOLO VALLEY. THIS PROGRAM BEGAN AS A SUMMER PROGRAM FOR STUDENTS ATTENDING JARRETT MIDDLE SCHOOL, A PUBLIC SCHOOL IN PALOLO. KA'I NOW INCLUDES A SUMMER DAY CARE PROGRAM, AFTER SCHOOL TUTORING DURING THE REGULAR SCHOOL YEAR, AND POST-SECONDARY EDUCATION SUPPORT.IN 2019, 'IOLANI RECEIVED A PRESTIGIOUS EE FORD FOUNDATION EDUCATIONAL LEADERSHIP GRANT FOR ITS AINA-INFORMATICS NETWORK PROGRAM WHICH AIMS TO PROVIDE SCHOOLS WITH THE TOOLS AND RESOURCES TO TEACH GENOME SCIENCE.IN THE FALL OF 2013, THE SCHOOL OPENED THE SULLIVAN CENTER FOR INNOVATION AND LEADERSHIP, A FOUR-STORY, 40,000 SQUARE FOOT GREEN DESIGNED BUILDING OFFERING COLLABORATIVE LEARNING SPACES WHERE STUDENTS LEARN TO BE EFFECTIVE LEADERS THROUGH COURSES EMPHASIZING EMPATHY, INTERPERSONAL COMMUNICATION AND REAL-WORLD PROBLEM SOLVING. THE BUILDING INCLUDES A FABRICATION LAB AND MAKER SPACES, A LIBRARY WITH COLLABORATION ROOMS, FLEXIBLE OPEN LEARNING SPACES, A WET LAB, A MEDIA CENTER, A SEMINAR ROOM, AND A ROOFTOP GARDEN. THE CENTER IS ALSO A COMMUNITY RESOURCE FOR VARIOUS LOCAL AND NATIONAL GROUPS.2013-14 WAS THE FIRST YEAR OF FULL IMPLEMENTATION OF THE I-DEPARTMENT, WHICH PROVIDES STUDENTS WITH ELECTIVES AKIN TO COLLEGE-LEVEL COURSES THAT INSPIRE INNOVATION AND ENTREPRENEURSHIP. THESE CLASSES INCLUDE DESIGN AND FABRICATION, IPAD APP DESIGN AND DEVELOPMENT, APPLIED RENEWABLE ENERGY SYSTEMS, ROBOTICS, THE ONE-MILE CLASS, AND VIDEO GAME DESIGN. IN ADDITION, THE SCHOOL MAINTAINS OUTSTANDING ACADEMIC PROGRAMS IN ENGLISH, WORLD LANGUAGES (CHINESE, JAPANESE, SPANISH, FRENCH, LATIN, HAWAIIAN, AND KOREAN), HEALTH EDUCATION, HISTORY, MATHEMATICS, PERFORMING ARTS, PHYSICAL EDUCATION, RELIGION, SCIENCE AND ATHLETICS. THERE IS AN ACTIVE STUDENT ACTIVITIES OFFICE AND EACH APRIL, 'IOLANI HOLDS A TWO-DAY COMMUNITY FAIR PROVIDING AN OPPORTUNITY TO RAISE FUNDS TO SUPPORT STUDENT TRAVEL INITIATIVES.A RESIDENTIAL HALL AND BOARDING PROGRAM, WITH A CAPACITY FOR 112 STUDENTS, OPENED IN THE 2018-19 SCHOOL YEAR. THE SCHOOL ALSO OPENED A NEW K - 1 COMMUNITY FEATURING LARGE, OPEN CLASSROOMS AND A NATURAL PLAYGROUND THAT ENCOURAGES IMAGINATION AND CREATIVITY IN THE SUMMER OF 2019. IN THE SUMMER OF 2020, THE SCHOOL OPENED TWO NEW BUILDINGS IN ITS LOWER SCHOOL, INCLUDING EXPANDED LEARNING SPACES FOR SCIENCE, RELIGION, READING, TECHNOLOGY, DANCE, AND MUSIC.STUDENT TRAVEL IS A LARGE PART OF THE 'IOLANI EXPERIENCE AS WELL, PROVIDING HANDS-ON EXPERIENCES WITH DIFFERENT CULTURES AND OPPORTUNITIES FOR DEVELOPING GLOBAL CITIZENS. 'IOLANI STUDENTS ARE SEEN AS LEADERS IN THE COMMUNITY AND ARE DEDICATED TO COMMUNITY SERVICE. STUDENT ACCOMPLISHMENTS INCLUDE STATE AND NATIONAL RECOGNITION IN COMPETITIONS SUCH AS MATH LEAGUE, SPEECH AND DEBATE, ROBOTICS, MUSIC, ART. NINETY-NINE PERCENT OF SENIORS ATTEND COLLEGE.DURING THE SUMMER, STUDENTS FROM THROUGHOUT THE STATE AND AROUND THE WORLD ENROLL IN CLASSES. 'IOLANI OFFERS AN EXTENSIVE SUMMER AND AFTER SCHOOL PROGRAM WITH REINFORCEMENT, ENRICHMENT, ELECTIVE AND CREDIT COURSES.'IOLANI SCHOOL IS ACCREDITED BY THE WESTERN ASSOCIATION OF SCHOOLS AND COLLEGES, AND LICENSED BY THE HAWAII COUNCIL OF PRIVATE SCHOOLS.

Program 2
Expenses: $6,331,878 Revenue: $3,595,201

'IOLANI OFFERS AN EXTENSIVE SUMMER AND AFTER SCHOOL PROGRAM WITH REINFORCEMENT, ENRICHMENT, ELECTIVE AND CREDIT COURSES. THESE COURSES ARE OPEN TO STUDENTS FROM ALL SCHOOLS AND ARE AVAILABLE ON A...

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'IOLANI OFFERS AN EXTENSIVE SUMMER AND AFTER SCHOOL PROGRAM WITH REINFORCEMENT, ENRICHMENT, ELECTIVE AND CREDIT COURSES. THESE COURSES ARE OPEN TO STUDENTS FROM ALL SCHOOLS AND ARE AVAILABLE ON A FIRST COME FIRST SERVE REGISTRATION BASIS. MORE THAN 2,500 STUDENTS ENROLL EACH YEAR IN 'IOLANI'S SUMMER AND SPECIAL PROGRAMS, WHICH INCLUDE OFFERINGS IN THE FOLLOWING FIELDS: DANCE, PHYSICAL EDUCATION, ART, MATH, READING, ROBOTICS, VIDEO GAME DESIGN, SAT PREPARATION, AND OTHERS. MANY STUDENTS COME FROM THE U.S. MAINLAND AND ASIA TO ENROLL THEIR CHILDREN IN 'IOLANI'S SUMMER PROGRAMS, WHICH UTILIZES TEACHERS WHO ARE EMPLOYED BY 'IOLANI, OTHER INDEPENDENT SCHOOLS, AND PUBLIC SCHOOLS. IN ADDITION, THE KA'I PROGRAM IS A SUMMER MENTORING PARTNERSHIP BETWEEN 'IOLANI AND JARRETT MIDDLE SCHOOL, A NEIGHBORING PUBLIC MIDDLE SCHOOL. THE PERFORMING ARTS DEPARTMENT AT 'IOLANI OFFERS ORCHESTRA, DANCE (HULA, BALLET, JAZZ), STAGE BAND, MARCHING BAND, JAZZ BAND, THEATER, MUSICAL THEATER, AND CHOIR. THESE DIFFERENT DISCIPLINES SHOWCASE THEIR STUDENTS' ABILITIES THROUGH PERFORMANCES HELD EITHER ON CAMPUS OR AT THEATERS AND OTHER VENUES IN THE COMMUNITY. THESE GROUPS ALSO TRAVEL TO THE MAINLAND AND FOREIGN COUNTRIES TO PERFORM. A FALL PLAY AND SPRING MUSICAL ARE PRESENTED EACH YEAR AND AUDITIONS ARE OPEN TO ALL STUDENTS IN UPPER SCHOOL AND, IF REQUIRED BY THE PRODUCTION, THE LOWER SCHOOL. GUEST ARTISTS/TEACHERS VISIT THE SCHOOL THROUGH SPONSORSHIP UNDER THE TAM & YOUNG ARTS CHAIR.

Program 3
Expenses: $3,196,026 Revenue: $69,028

'IOLANI IS A MEMBER OF THE INTERSCHOLASTIC LEAGUE OF HONOLULU (ILH). ALL PARTICIPANTS ARE EXPECTED TO FULFILL ALL ATHLETIC REQUIREMENTS, TO DISPLAY GOOD SPORTSMANSHIP, AND TO FOLLOW THE PROGRAM SET...

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'IOLANI IS A MEMBER OF THE INTERSCHOLASTIC LEAGUE OF HONOLULU (ILH). ALL PARTICIPANTS ARE EXPECTED TO FULFILL ALL ATHLETIC REQUIREMENTS, TO DISPLAY GOOD SPORTSMANSHIP, AND TO FOLLOW THE PROGRAM SET FORTH BY COACHES AND THE ATHLETIC DEPARTMENT. THERE ARE 20 VARSITY SPORTS FOR BOYS AND GIRLS, AS WELL AS MANY SPORTS IN THE JUNIOR VARSITY AND INTERMEDIATE GRADE LEVELS.FOR THE LOWER GRADE LEVELS, 'IOLANI PARTICIPATES IN THE CHRISTIAN SCHOOLS ATHLETIC LEAGUE FOR BASKETBALL AND VOLLEYBALL. THERE ARE ALSO OPPORTUNITIES FOR STUDENTS TO PARTICIPATE IN INTRAMURAL SPORTS.THE CAMPUS HOSTS NUMEROUS ATHLETIC TOURNAMENTS AND SPORTING GAMES, WHICH SCHOOLS AND TEAMS FROM ACROSS THE STATE AND AROUND THE WORLD PARTICIPATE IN. SOME EXAMPLES OF HOW THE SCHOOL SHARES ITS RESOURCES INCLUDE: THE 'IOLANI CLASSIC BASKETBALL TOURNAMENT, STATE FORENSICS TOURNAMENT, 'IOLANI INVITATIONAL CROSS COUNTRY MEET, HAWAII EDUCATIONAL SUMMIT, AND MANY MORE.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $18,658,298
Program Service Revenue $70,767,744
Investment Income $15,206,674
Other Revenue $297,886
TOTAL REVENUE $104,930,602

Expense Breakdown

Grants Paid $8,090,580
Salaries & Benefits $57,940,910
Fundraising Expenses $2,816,102
Program Expenses $81,603,077
Other Expenses $28,255,057
TOTAL EXPENSES $94,286,547

Year-over-Year Comparison

2023 2022 Change
Revenue $104,930,602 $99,292,108 +0.1%
Expenses $94,286,547 $87,484,359 +0.1%
Net Income $10,644,055 $11,807,749 -0.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
25
Independent Members
22
Employees
1365
Volunteers
7274

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$970,046
Total Directors
25
$972,686
Key Employees
1
$357,339
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TIMOTHY R COTTRELL HEAD OF SCHOOL, EX OFFICIO 40.00
Officer Director
$643,573 $326,473 $970,046
ASTER CHIN DEAN OF UPPER SCHOOL 40.00
Highest
$289,634 $76,225 $365,859
REID GUSHIKEN CHIEF FINANCIAL OFFICER 40.00
Key Emp
$290,316 $67,023 $357,339
KIMBERLY HAGI EXECUTIVE DIR. OF ADVANCEMENT 40.00
Highest
$257,855 $44,749 $302,604
MICHAEL F LOMUSCIO DEAN OF STUDIES 40.00
Highest
$221,839 $74,181 $296,020
MELANIE PFINGSTEN DEAN OF LOWER SCHOOL 40.00
Highest
$217,218 $73,923 $291,141
BURL BROWN DEAN OF OPERATIONAL PROGRAMS 40.00
Highest
$238,722 $28,848 $267,570
STEPHEN ENOS THRU 63024 EX OFFICIO MBR BOARD OF GOV 1.00
Director
$2,640 $0 $2,640
MELVIN KANESHIGE MEMBER OF BOARD OF GOVERNORS 1.00
Officer Director
$0 $0 $0
MARK M MUGIISHI BOARD OF GOVERNORS CHAIR 1.00
Officer Director
$0 $0 $0
LISA MK SAKAMOTO MEMBER OF BOARD OF GOVERNORS 1.00
Officer Director
$0 $0 $0
MARK H YAMAKAWA BOARD OF GOVERNORS SECRETARY 1.00
Officer Director
$0 $0 $0
JOHN C DEAN JR MEMBER OF BOARD OF GOVERNORS 1.00
Director
$0 $0 $0
MATTHEW KM EMERSON MEMBER OF BOARD OF GOVERNORS 1.00
Director
$0 $0 $0
RIGHT REV ROBERT L FITZPATRICK EX OFFICIO MBR BOARD OF GOV 1.00
Director
$0 $0 $0
THOMAS A JERMOLUK THRU 63024 MEMBER OF BOARD OF GOVERNORS 1.00
Director
$0 $0 $0
WHITNEY LIMM MEMBER OF BOARD OF GOVERNORS 1.00
Director
$0 $0 $0
EUN JOO MILKEN MEMBER OF BOARD OF GOVERNORS 1.00
Director
$0 $0 $0
BILL D MILLS THRU 63024 MEMBER OF BOARD OF GOVERNORS 1.00
Director
$0 $0 $0
CALVIN S OISHI MEMBER OF BOARD OF GOVERNORS 1.00
Director
$0 $0 $0
RAYMOND ONO MEMBER OF BOARD OF GOVERNORS 1.00
Director
$0 $0 $0
JILL A OTAKE MEMBER OF BOARD OF GOVERNORS 1.00
Director
$0 $0 $0
JONATHAN K POE MEMBER OF BOARD OF GOVERNORS 1.00
Director
$0 $0 $0
TAKESHI SAEKI BOARD OF GOVERNORS TREASURER 1.00
Director
$0 $0 $0
MICHELE SAITO MEMBER OF BOARD OF GOVERNORS 1.00
Director
$0 $0 $0
EMELDA WONG TRAINOR MEMBER OF BOARD OF GOVERNORS 1.00
Director
$0 $0 $0
KENT TSUKAMOTO MEMBER OF BOARD OF GOVERNORS 1.00
Director
$0 $0 $0
ROBERT W WO MEMBER OF BOARD OF GOVERNORS 1.00
Director
$0 $0 $0
REUBEN WONG MEMBER OF BOARD OF GOVERNORS 1.00
Director
$0 $0 $0
JODI SHIN YAMAMOTO MEMBER OF BOARD OF GOVERNORS 1.00
Director
$0 $0 $0
RUSSELL YAMAMOTO BOARD OF GOVERNORS VICE CHAIR 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $104,930,602 $94,286,547 $449,841,490 $10,644,055
2023 $99,292,108 $87,484,359 $419,655,758 $11,807,749
2022 $95,433,531 $80,466,054 $353,549,094 $14,967,477
2021 $96,713,611 $75,252,375 $388,589,856 $21,461,236
2020 $76,001,363 $71,715,310 $352,851,321 $4,286,053
2019 $72,048,337 $64,623,022 $341,578,035 $7,425,315
2018 $70,416,955 $60,523,295 $311,825,102 $9,893,660
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