Iolani School
87% goes to programs $15 to raise $100 Strong reserves
Iolani School is a 501(c)(3) organization based in Honolulu, Hawaii, registered in 1942, with $104,930,602 in FY2023 revenue. CharityIndex grades it A, and it directs about 87% of spending to programs.
563 Kamoku St, Honolulu, HI, 96826 EIN 99-0073502 Since 1942
Revenue (FY2023)
$104.9M
▲ 5.7% vs prior year
Education median: $200K
Expenses (FY2023)
$94.3M
Net assets
$338.6M
Employees
1,365
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating87% to programs · $15 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Iolani School: 87% to programs · $15 to raise $100 earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating43 mo reserves · +10% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Iolani School: 43 mo reserves · +10% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Iolani School: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Iolani School: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
To develop educated, well-rounded individuals who are well prepared for college.
What they do
'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.
'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.
Contact & location
- Address
- 563 Kamoku St, Honolulu, HI, 96826
- City
- Honolulu
- State
- Hawaii
- Category
- Education
- Subcategory
- Elementary & Secondary Schools
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $52.8M (FY2013) to $104.9M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $111.3MNet assets $338.6M
Operating margin
10.1%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$449.8M
Total liabilities
$111.3M
Net assets
$338.6M
Salaries & benefits
$57.9M
61% of expenses
Board members
25
22 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $104,930,602▲5.7% | $94,286,547▲7.8% | $338,569,989▲9.9% | $449,841,490▲7.2% | 990 |
| 2022 | $99,292,108▲4.0% | $87,484,359▲8.7% | $308,138,198▲12.2% | $419,655,758▲18.7% | 990 |
| 2021 | $95,433,531▼1.3% | $80,466,054▲6.9% | $274,717,188▼10.0% | $353,549,094▼9.0% | 990 |
| 2020 | $96,713,611▲27.3% | $75,252,375▲4.9% | $305,214,916▲20.8% | $388,589,856▲10.1% | 990 |
| 2019 | $76,001,363▲5.5% | $71,715,310▲11.0% | $252,641,212▼0.1% | $352,851,321▲3.3% | 990 |
| 2018 | $72,048,337▲2.3% | $64,623,022▲6.8% | $252,982,059▲2.3% | $341,578,035▲9.5% | 990 |
| 2017 | $70,416,955▼3.0% | $60,523,295▲5.8% | $247,197,545▲4.8% | $311,825,102▲8.2% | 990 |
| 2016 | $72,613,340▼12.7% | $57,204,452▲1.9% | $235,960,007▲10.5% | $288,198,519▲8.2% | 990 |
| 2015 | $83,158,603▲42.5% | $56,128,755▲4.5% | $213,542,322▼1.7% | $266,267,476▼2.5% | 990 |
| 2014 | $58,351,223▲10.5% | $53,697,985▲2.3% | $217,182,313▼0.8% | $273,118,891▼1.0% | 990 |
| 2013 | $52,802,953 | $52,493,894▲16.7% | $218,997,662▲17.5% | $275,754,072▲20.6% | 990 |
| 2011 | — | $44,975,675▲0.4% | $186,370,231▼5.2% | $228,630,675▼4.0% | 990 |
| 2010 | — | $44,802,038▲6.1% | $196,570,388▲19.3% | $238,113,784▲14.8% | 990 |
| 2009 | — | $42,211,013 | $164,704,956 | $207,333,822 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Timothy R Cottrell — $643,573 (0.68% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Timothy R Cottrell | Head of School, Ex Officio | 40 | $643,573 |
| Reid Gushiken | Chief Financial Officer | 40 | $290,316 |
| Aster Chin | Dean of Upper School | 40 | $289,634 |
| Kimberly Hagi | Executive Dir. of Advancement | 40 | $257,855 |
| Burl Brown | Dean of Operational Programs | 40 | $238,722 |
| Michael F Lomuscio | Dean of Studies | 40 | $221,839 |
| Melanie Pfingsten | Dean of Lower School | 40 | $217,218 |
| Stephen Enos Thru 63024 | Ex Officio Mbr Board of Gov | 1 | $2,640 |
| Bill D Mills Thru 63024 | Member of Board of Governors | 1 | — |
| Calvin S Oishi | Member of Board of Governors | 1 | — |
| Emelda Wong Trainor | Member of Board of Governors | 1 | — |
| Eun Joo Milken | Member of Board of Governors | 1 | — |
| Jill A Otake | Member of Board of Governors | 1 | — |
| Jodi Shin Yamamoto | Member of Board of Governors | 1 | — |
| John C Dean Jr | Member of Board of Governors | 1 | — |
| Jonathan K Poe | Member of Board of Governors | 1 | — |
| Kent Tsukamoto | Member of Board of Governors | 1 | — |
| Lisa Mk Sakamoto | Member of Board of Governors | 1 | — |
| Mark H Yamakawa | Board of Governors Secretary | 1 | — |
| Mark M Mugiishi | Board of Governors Chair | 1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Wcit Architecture | Architect Services | $2,277,030 |
| P3 Management LLC | Project Management | $203,097 |
| Economy Plumbing & Sheet Metal LLC | A/c Services | $159,191 |
| Siu's Electric Corp | Electrical Services | $149,477 |
| Jeditree LLC | Tree Trimming | $143,665 |
Grants received · $2.8M total
57 grants to Iolani School totaling $2.8M, reported by foundations on their Schedule I filings — showing the 15 most recent.
Similar organizations in Education
Education
University of Hawaii Foundation
Honolulu, HI
$112.0M
Aannual revenue
Education
Chaminade University of Honolulu
Honolulu, HI
$89.5M
Aannual revenue
Education
Council For Native Hawaiian Advancement
Kapolei, HI
$86.0M
A+annual revenue
Education
Hui Huliau
Waianae, HI
$83.3M
Cannual revenue
Education
Hawaii Pacific University
Honolulu, HI
$146.8M
Aannual revenue
Education
Punahou School
Honolulu, HI
$157.4M
Aannual revenue
Education
Kamaaina Care Inc
Kailua, HI
$41.4M
Bannual revenue
Education
Hawaii Preparatory Academy
Kamuela, HI
$35.5M
Dannual revenue
- Education
University of the Nations Kona Inc
Kailua Kona, HI
$35.2M
Bannual revenue
Education
Hanalani Schools
Mililani, HI
$22.0M
Bannual revenue
Compare Iolani School
Frequently asked questions
- Is Iolani School a legitimate nonprofit?
- Yes. Iolani School is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 99-0073502, based in Honolulu, Hawaii. Donations are tax-deductible.
- What is Iolani School's EIN?
- Iolani School's Employer Identification Number (EIN) is 99-0073502.
- How much revenue does Iolani School report?
- Iolani School reported $104,930,602 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Iolani School's spending goes to programs?
- Iolani School spends about 87% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Iolani School have?
- CharityIndex grades Iolani School A, based on program efficiency and fundraising cost.
- How much does Iolani School's highest-paid employee make?
- The highest reported compensation on Iolani School's latest Form 990 is $643,573, paid to Timothy R Cottrell (Head of School, Ex Officio).
More nonprofits in Honolulu
Explore more
Data for Iolani School (EIN 99-0073502) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.