THE FRIENDS OF IOLANI PALACE

EIN: 990115665 501(c)(3)

HONOLULU, HI

Total Revenue
$6,317,712
Total Expenses
$3,942,861
Total Assets
$10,906,655
Net Assets
$9,906,240
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Financial Trends

Organization Details

Formation Year
1966
Legal Domicile
HI
Principal Officer
PAULA LA GUANZON
Phone
8085220822
Tax Period
2023-07-01 to 2024-06-30

THE FRIENDS OF IOLANI PALACE, founded in 1966, is a community nonprofit that reported $6.3M in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year. The organization ran a surplus of $2.4M, a strong 38% operating margin.

Mission

TO PRESERVE, RESTORE, INTERPRET, SHARE, AND CELEBRATE THE UNIQUE CULTURAL, HISTORICAL, AND SPIRITUAL QUALITIES OF `IOLANI PALACE AND ITS GROUNDS FOR THE BENEFIT OF NATIVE HAWAIIANS, THE PEOPLE OF HAWAI`I, AND THE WORLD.

Program Service Accomplishments

Program 1
Expenses: $2,851,661 Revenue: $2,342,763

MUSEUM OPERATIONS - VISITORS FROM AROUND THE WORLD VISIT THE PALACE. AUDIO TOURS ARE AVAILABLE IN ENGLISH, FRENCH, GERMAN, JAPANESE, KOREAN, MANDARIN CHINESE, SPANISH AND ITALIAN. WE ALSO OFFER A...

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MUSEUM OPERATIONS - VISITORS FROM AROUND THE WORLD VISIT THE PALACE. AUDIO TOURS ARE AVAILABLE IN ENGLISH, FRENCH, GERMAN, JAPANESE, KOREAN, MANDARIN CHINESE, SPANISH AND ITALIAN. WE ALSO OFFER A HAWAIIAN-LANGUAGE AUDIO TOUR, PRIMARILY FOR STUDENTS IN HAWAIIAN LANGUAGE IMMERSION SCHOOLS. OUR VISITOR COUNT TOTAL WAS 103,815 FOR THE REPORTING YEAR.WE DESIGNATE THE SECOND SUNDAY OF EVERY MONTH AS "KAMA'AINA SUNDAY," WHERE UP TO 500 RESIDENTS RECEIVE A SELF-GUIDED AUDIO TOUR OF THE PALACE WITHOUT HAVING TO PAY AN ADMISSION FEE. THE MUSEUM SERVES A CONSIDERABLE NUMBER OF FOREIGN DIGNITARIES WHOSE COMPLIMENTARY VISITS TO THE PALACE ARE ARRANGED BY THEIR RESPECTIVE CONSULS GENERAL IN HONOLULU. THE PALACE HAS ALSO WELCOMED IN THE PAST THE HEAD OF STATE FOR THE INDEPENDENT NATION OF SAMOA, THE KING OF AOTEAROA (NEW ZEALAND), THE KING OF TONGA, THE VICE PREMIER OF THE STATE COUNCIL FOR THE PEOPLE'S REPUBLIC OF CHINA, GOVERNORS OF VARIOUS PREFECTURES IN JAPAN, AND HIS HOLINESS THE DALAI LAMA.THE PALACE OFFERS AN EDUCATIONAL PROGRAM THAT FOCUSES ON HAWAIIAN HISTORY AND THE LAST MONARCH OF THE KINGDOM OF HAWAI'I. WE ARE COMMITTED TO PROVIDING STUDENTS WITH A WELL-ROUNDED EDUCATIONAL EXPERIENCE THAT COMBINES HISTORY AND CULTURE. THERE WERE 4361 STUDENT VISITORS THIS YEAR.

Program 2

PALACE SHOPS - PRIMARILY SELLING PRODUCTS DERIVED FROM OR RELATED TO IOLANI PALACE HISTORY, ALONG WITH ITEMS FOR THE CONVENIENCE OF VISITORS.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,522,339
Program Service Revenue $2,406,989
Investment Income $345,990
Other Revenue $42,394
TOTAL REVENUE $6,317,712

Expense Breakdown

Grants Paid $192,735
Salaries & Benefits $2,166,298
Fundraising Expenses $278,387
Program Expenses $2,851,661
Other Expenses $1,583,828
TOTAL EXPENSES $3,942,861

Year-over-Year Comparison

2023 2022 Change
Revenue $6,317,712 $7,388,299 -0.1%
Expenses $3,942,861 $2,898,637 +0.4%
Net Income $2,374,851 $4,489,662 -0.5%
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
22
Independent Members
22
Employees
49
Volunteers
132

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
7
$250,756
Total Directors
22
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BILLY PIEPER PRESIDENT 1.00
Officer Director
$0 $0 $0
BRIAN KEALOHA FIRST VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
RON WALKER SECOND VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
LEILANI WILLIAMS-SOLOMON TREASURER 1.00
Officer Director
$0 $0 $0
RICHARD KENNEDY CORPORATE SECRETARY 1.00
Officer Director
$0 $0 $0
ISAIAH AINA DIRECTOR 1.00
Director
$0 $0 $0
GERARD AKAKA DIRECTOR 1.00
Director
$0 $0 $0
FRANCIS ALCAIN DIRECTOR 1.00
Director
$0 $0 $0
WARREN ALTONA DIRECTOR 1.00
Director
$0 $0 $0
DONNE DAWSON DIRECTOR 1.00
Director
$0 $0 $0
ELENA FARDEN DIRECTOR 1.00
Director
$0 $0 $0
ALLEN HOE DIRECTOR 1.00
Director
$0 $0 $0
MALCOLM INAMINE DIRECTOR 1.00
Director
$0 $0 $0
KUHIO LEWIS DIRECTOR 1.00
Director
$0 $0 $0
PATTI LOOK DIRECTOR 1.00
Director
$0 $0 $0
JAMES MONIZ DIRECTOR 1.00
Director
$0 $0 $0
BRENNON MORIOKA DIRECTOR 1.00
Director
$0 $0 $0
ALISA ONISHI DIRECTOR 1.00
Director
$0 $0 $0
ASHLEY ONO DIRECTOR 1.00
Director
$0 $0 $0
KAULANA PARK DIRECTOR 1.00
Director
$0 $0 $0
STEVETTE SANTIAGO DIRECTOR 1.00
Director
$0 $0 $0
DAVID TUBMAN DIRECTOR 1.00
Director
$0 $0 $0
PAULA GUANZON PRESIDENT & CEO 40.00
Officer
$172,617 $13,022 $185,639
SEE WAI WAN CHIEF FINANCIAL OFFICER 40.00
Officer
$61,312 $3,805 $65,117
MICHELLE MORIHARA DIRECTOR OF DEVELOPMENT & COMMUNICATIONS 40.00
Highest
$102,776 $10,319 $113,095
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 $6,317,712 $3,942,861 $10,906,655 $2,374,851
2023 $7,388,299 $2,898,637 $8,400,426 $4,489,662
2022 $3,579,013 $2,059,778 $3,887,957 $1,519,235
2021 $2,547,195 $1,933,466 $2,354,724 $613,729
2020 $3,141,450 $3,740,142 $1,651,460 $-598,692
2019 $3,406,586 $2,814,948 $1,916,485 $591,638
2018 $2,897,735 $2,543,223 $1,658,959 $354,512
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