Trustees of the Estate of Bernice Pauahi Bishop Dba Kamehameha Schools
Nonprofit profile at a glance
- EIN
- 990073480
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Honolulu, HI, USA
- Phone
- 8085236200
- Rating
- 78
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Elementary, Secondary Education, K - 12
Reported finances
- Revenue
- $927,455,971
- Expenses
- $775,040,231
- Assets
- $13,000,665,087
- Liabilities
- $1,733,643,506
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
27 people listed
Executive titles in this filing
- L JACK WONG (CEO)
Highest reported compensation
- TIMOTHY DONOHUE (CIO): $2,467,294 total reported compensation
- L JACK WONG (CEO): $1,721,931 total reported compensation
- BURTON YUEN (MANAGING DIR. - FIN'L ASSETS): $1,255,886 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Kamehameha schools' mission is to fulfill pauahi's desire to create educational opportunities in perpetuity to improve the capability and well-being of people of hawaiian ancestry.
What it reported doing in 2024
Kamehameha schools was established under the will and codicils of bernice pauahi bishop in 1885 and opened in 1887 and is now one of the largest schools in the united states serving kindergarten through grade 12 and 30 preschools. For over one-hundred and thirty years, kamehameha schools has continuously provided quality education giving preference to students of hawaiian ancestry to the extent permitted by law.see schedule o
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 78% for direct work, and 22% for grants.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports few safeguards for money sent abroad and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 76
- Transparency & Controls: 71
- Accountability: 88
- Sustainability: 83
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 61.7%; rating input score 62
- Fundraising efficiency: $0.19 raised per $1 spent on fundraising; rating input score 1; 1st percentile among comparable filings
Transparency & Controls
- Consistency checks: 93.8%; rating input score 94; 25th percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Missing
- Independent consultant: Pass
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Scored; rating input score 0
- Grant itemization coverage: 96.9%; rating input score 97; 31st percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 80%; rating input score 80; 28th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 16.4%; rating input score 84; 84th percentile among comparable filings
- Total-asset coverage ratio: 16.77; rating input score 95; 95th percentile among comparable filings
- Liabilities to assets ratio: 0.13; rating input score 78; 78th percentile among comparable filings
- Officer compensation ratio: 2.1%; rating input score 53; 53rd percentile among comparable filings
Growth
- Program expense growth: 3.8% per year; rating input score 100; 29th percentile among comparable filings
- Revenue growth: 4.2% per year; rating input score 100; 34th percentile among comparable filings
- Asset growth: 4.1% per year; rating input score 100; 29th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 61.7% of spending went to programs
- Governance: 4 of 5 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $478.3M in reported program spending
- Leadership: top reported pay $2.5M · 27 people listed · 3 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $78M reported
- Consistency: 41 of 42 current checks pass · 1 finding to review
- Schedules: 12 filed schedules · includes major donors, foreign activity, grants, executive pay, and related organizations
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 136 filed money-flow records
- Related organizations: 130 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Transparency & Controls: Foreign activity oversight scored 0/100.
- High — Financial Efficiency: Fundraising efficiency scored 1/100.
- Review — Sustainability: Officer compensation ratio scored 53/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.