Totals
- Total revenue
- $157,362,853
- Total expenses
- $145,910,071
- Contributions and grants received
- $21,580,649
- Grants paid
- $10,580,838
- Program service revenue
- $128,501,132
- Investment income
- $6,130,857
- Other revenue
- $1,150,215
- Total assets, end of year
- $691,291,288
- Total liabilities, end of year
- $66,207,837
- Net assets or fund balances, end of year
- $625,083,451
- Program services expenses (Part IX)
- $121,434,863
- Management and general expenses
- $19,713,090
- Fundraising expenses
- $4,762,118
- Program service expenses (Part III)
- $121,434,863
Program services were 83.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1d · Related organizations
$2,762,579
-
1e · Government grants (contributions)
$106,307
-
1f · All other contributions, gifts and grants
$18,711,763
-
1g · Noncash contributions included above
$1,766,622
-
2a · Program service revenue: TUITION & FEES
total $119,415,143 · related or exempt $119,415,143
-
2b · Program service revenue: INSTRUCTIONAL SERVICES
total $9,085,989 · related or exempt $9,085,989
-
3 · Investment income
total $3,780,921 · unrelated business -$83,678 · excluded $3,864,599
-
6a · Gross rents
real property $359,741
-
6b · Less rental expenses
real property $114,632
-
6c · Rental income or loss
real property $245,109
-
6d · Net rental income or loss
total $245,109 · excluded $245,109
-
7a · Gross sales of assets other than inventory
securities $69,192,658 · other assets $48,826
-
7b · Less cost or other basis and sales expenses
securities $66,891,548 · other assets $0
-
7c · Gain or loss
securities $2,301,110 · other assets $48,826
-
7d · Net gain or loss
total $2,349,936 · unrelated business $17,676 · excluded $2,332,260
-
8a · Fundraising events: gross income
$2,070,163
-
8b · Fundraising events: direct expenses
$1,860,244
-
8c · Net income from fundraising events
total $209,919 · excluded $209,919
-
10a · Gross sales of inventory
$551,481
-
10b · Cost of goods sold
$399,051
-
10c · Net income from sales of inventory
total $152,430 · excluded $152,430
-
11a · Other revenue: HANDLING REVENUE
total $214,660 · excluded $214,660
-
11b · Other revenue: EVENTS REVENUE
total $128,337 · excluded $128,337
-
11c · Other revenue: REBATES
total $59,597 · excluded $59,597
-
11d · All other revenue
total $140,163 · excluded $140,163
-
11e · Other revenue, total
$542,757
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $10,580,838 · program services $10,580,838
-
5 · Compensation of officers, directors and key employees
total $2,518,570 · program services $706,270 · management and general $1,456,288 · fundraising $356,012
-
7 · Other salaries and wages
total $68,407,644 · program services $58,393,640 · management and general $7,693,069 · fundraising $2,320,935
-
8 · Pension plan contributions
total $4,513,385 · program services $3,865,213 · management and general $486,982 · fundraising $161,190
-
9 · Other employee benefits
total $16,460,812 · program services $13,818,940 · management and general $2,154,534 · fundraising $487,338
-
10 · Payroll taxes
total $5,134,991 · program services $4,305,094 · management and general $622,423 · fundraising $207,474
-
11b · Fees: legal
total $290,727 · management and general $290,727
-
11c · Fees: accounting
total $213,622 · management and general $213,622
-
11d · Fees: lobbying
total $3,833 · management and general $3,833
-
11e · Fees: professional fundraising services
total $19,500 · fundraising $19,500
-
11f · Fees: investment management
total $871,423 · management and general $871,423
-
11g · Fees: other
total $779,352 · program services $623,481 · management and general $116,903 · fundraising $38,968
-
12 · Advertising and promotion
total $80,187 · management and general $80,187
-
13 · Office expenses
total $3,396,647 · program services $1,527,588 · management and general $1,595,389 · fundraising $273,670
-
14 · Information technology
total $5,864,080 · program services $4,355,791 · management and general $1,188,985 · fundraising $319,304
-
15 · Royalties
total $11,428 · program services $11,428
-
16 · Occupancy
total $3,345,401 · program services $2,752,268 · management and general $445,287 · fundraising $147,846
-
17 · Travel
total $2,098,363 · program services $1,148,581 · management and general $697,156 · fundraising $252,626
-
19 · Conferences, conventions and meetings
total $414,386 · program services $333,976 · management and general $61,110 · fundraising $19,300
-
20 · Interest
total $561,019 · management and general $561,019
-
22 · Depreciation, depletion and amortization
total $11,183,132 · program services $10,930,032 · management and general $200,020 · fundraising $53,080
-
23 · Insurance
total $2,553,137 · program services $2,190,604 · management and general $283,683 · fundraising $78,850
-
24a · Other expenses: PROGRAM EXPENSES
total $5,074,269 · program services $5,074,269
-
24b · Other expenses: BAD DEBTS
total $361,662 · management and general $361,662
-
24c · Other expenses: MEMBERSHIP DUES
total $276,331 · program services $39,720 · management and general $222,675 · fundraising $13,936
-
24d · Other expenses: REPAIRS & MAINTENANCE
total $241,954 · program services $232,050 · management and general $7,428 · fundraising $2,476
-
24e · All other expenses
total $653,378 · program services $545,080 · management and general $98,685 · fundraising $9,613
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $930,922 · end of year $761,545
-
2 · Savings and temporary cash investments
beginning of year $30,991,794 · end of year $57,180,417
-
3 · Pledges and grants receivable
beginning of year $7,452,870 · end of year $10,306,913
-
4 · Accounts receivable
beginning of year $1,001,654 · end of year $236,879
-
8 · Inventories for sale or use
beginning of year $144,452 · end of year $180,648
-
9 · Prepaid expenses and deferred charges
beginning of year $3,746,250 · end of year $3,701,474
-
10a · Land, buildings and equipment: cost or other basis
$401,384,237
-
10b · Land, buildings and equipment: accumulated depreciation
$219,351,548
-
10c · Land, buildings and equipment, net
beginning of year $186,103,216 · end of year $182,032,689
-
11 · Investments: publicly traded securities
beginning of year $154,273,703 · end of year $149,707,074
-
12 · Investments: other securities
beginning of year $231,590,624 · end of year $258,520,176
-
15 · Other assets
beginning of year $28,198,737 · end of year $28,663,473
-
17 · Accounts payable and accrued expenses
beginning of year $7,682,751 · end of year $9,124,652
-
19 · Deferred revenue
beginning of year $9,364,069 · end of year $10,010,322
-
23 · Secured mortgages and notes payable
beginning of year $36,009,838 · end of year $25,962,900
-
25 · Other liabilities
beginning of year $21,522,863 · end of year $21,109,963
-
27 · Net assets without donor restrictions
beginning of year $334,297,968 · end of year $355,372,263
-
28 · Net assets with donor restrictions
beginning of year $235,556,733 · end of year $269,711,188
Mission and programs · 2023
Mission
SEE SCHEDULE O IN 2023, PUNAHOU REVEALED ITS RENEWED MISSION AND VALUES STATEMENT. IT READS AS FOLLOWS: WE ARE CHILDREN OF KA PUNAHOU, THE NEW SPRING.FROM UNDER THE HALA TREE, WE WEAVE A MAT THAT SEATS MANY, OUR HOME TO DREAM AND DISCOVER OUR PURPOSE AND KULEANA TO HAWAI'I AND THE WORLD. OUR VALUES- CHILDREN OF THE NEW SPRING -- WE DEVELOP SPIRITUAL AND ETHICAL VALUES THAT AFFIRM THE WORTH AND DIGNITY OF EVERYONE, INSPIRED BY OUR HAWAIIAN AND CHRISTIAN HERITAGE. - DREAM AND DISCOVER -- WE INSPIRE A LOVE FOR LEARNING, INNOVATION, AND EXPLORATION FROM KINDERGARTEN THROUGH LIFE, EMPOWERING ALL TO DISCOVER THEIR GIFTS AND PASSIONS. - PURPOSE AND KULEANA -- WE COMMIT TO PERSONAL RESPONSIBILITY AND KULEANA AS CENTRAL TENETS OF OUR LARGER PUBLIC PURPOSE TO CREATE A JUST, COMPASSIONATE, AND SUSTAINABLE WORLD. - A MAT THAT SEATS MANY -- WE WELCOME ALL TO REALIZE THE FULL EXPRESSION OF THEMSELVES, KNOWING THAT OUR DIFFERENCES ARE OUR SOURCE OF STRENGTH.
Activities or mission (Part I)
PUNAHOU SCHOOL IS A PRIMARY AND SECONDARY SCHOOL THAT IS RECOGNIZED FOR ITS ACADEMIC EXCELLENCE, ATHLETICS, AND EXTRACURRICULAR ACTIVITIES FOR MORE THAN 3,750 STUDENTS IN GRADES K-12.
-
PUNAHOU SCHOOL IS A COEDUCATIONAL COLLEGE PREPARATORY DAY SCHOOL ACCREDITED BY THE WESTERN ASSOCIATION OF SCHOOLS AND COLLEGES. PUNAHOU OFFERS EDUCATIONAL EXCELLENCE WITH MORE THAN 99 PERCENT OF GRADUATES ATTENDING COLLEGE. PUNAHOU IS DIVIDED INTO THE JUNIOR SCHOOL (KINDERGARTEN THROUGH GRADE 8) AND THE ACADEMY (GRADES 9-12). A PRINCIPAL, TWO ASSISTANT PRINCIPALS, AND SIX DEANS OVERSEE APPROXIMATELY 2,000 JUNIOR SCHOOL STUDENTS. THE JUNIOR SCHOOL IS DIVIDED INTO SMALLER, SELF-CONTAINED SECTIONS FOR GRADES K-1, 2-5, AND 6-8 WHICH ARE DESIGNED TO MEET THE SPECIAL NEEDS OF THESE GROUPS OF CHILDREN. IN FALL 2019, THE KOSASA COMMUNITY FOR GRADES 2-5 WAS UNVEILED OFFERING STATE-OF-THE-ART CLASSROOMS AND EXPANSIVE OUTDOOR LEARNING SPACES TO PROMOTE INTERACTIVE LEARNING. THESE FACILITIES COMPLEMENT THE OMIDYAR NEIGHBORHOOD WHICH WAS BUILT IN 2010 TO SERVE THE 300 STUDENTS IN GRADES K AND 1. THE CASE MIDDLE SCHOOL WAS COMPLETED IN 2005 FOR GRADES 6-8. THIS EXPANDED AREA OF CAMPUS WAS DESIGNED FOR FACILITIES TO BE MORE OPEN TO THE ENVIRONMENT AND FOR CLASSROOM AND GATHERING SPACES TO ENCOURAGE COLLABORATION AND INTEGRATED LEARNING. SUPPLEMENTAL EDUCATION, SUCH AS OUTDOOR AND CAMP EXPERIENCES, ARE ALSO OFFERED IN THE JUNIOR SCHOOL. IN THE ACADEMY, STUDENTS GRADES 9-12 CAN PERSONALIZE THEIR MIX OF CLASSES FROM AN EXTENSIVE CATALOG OF COURSES WITHIN A MODULAR SCHEDULE. COLLEGE PREPARATORY GRADUATION REQUIREMENTS INCLUDE CREDITS IN ENGLISH, SCIENCE, SOCIAL STUDIES, MATHEMATICS, LANGUAGE, PHYSICAL EDUCATION, VISUAL AND PERFORMING ARTS, AND COMMUNITY SERVICE. THE PUNAHOU EDUCATION IS ENHANCED BY ACCESS TO LEARNING SPACES AND RESOURCES OFFERED THROUGH THE K-12 LEARNING COMMONS WHICH PROVIDES BOOKS, TECHNOLOGY, TOOLS, AND HUMAN RESOURCES THAT ASSIST STUDENTS WITH THEIR LEARNING AND PRESENTATIONS. STUDENTS ARE ALSO ENCOURAGED TO EXPLORE OTHER INTERESTS AND BUILD SKILLS BEYOND THOSE DEVELOPED IN THE CLASSROOM THROUGH PARTICIPATION IN PUNAHOU'S ACADEMIC CENTERS AND VARIOUS INITIATIVES, INCLUDING THE CASE ACCELERATOR FOR STUDENT ENTREPRENEURSHIP (CASE), DESIGN TECHNOLOGY AND ENGINEERING, KUAIHELANI CENTER FOR 'IKE HAWAII, LUKE CENTER FOR PUBLIC SERVICE, OUTDOOR EDUCATION, SUSTAINABILITY, PARTNERSHIP IN UNLIMITED EDUCATIONAL OPPORTUNITIES (PUEO) PROGRAM, AND THE WO INTERNATIONAL CENTER. THESE ACADEMIC CENTERS AND INITIATIVES OFFER MENTORSHIP, HANDS ON EXPERIENCES, AND LEARNING OPPORTUNITES IN AREAS SUCH AS ENTREPRENEURSHIP, ROBOTICS AND ENGINEERING, ENGAGED CITIZENSHIP AND HAWAIIAN STUDIES, CIVIC AND GLOBAL EDUCATION. STUDENTS THAT DEMONSTRATE COMPETENCY IN THE AREA OF FOCUS FOR THESE EDUCATIONAL CENTERS MAY RECEIVE AN OFFICIAL DISTINCTION FROM THE CENTER RECOGNIZING THEIR WORK AND DEDICATION UPON GRADUATION.
Expenses $101,992,610 · Grants $10,564,047 · Revenue $119,415,143
-
SUMMER SCHOOL OFFERS A WIDE VARIETY OF ACADEMIC, ENRICHMENT, AND TRANSITIONAL PROGRAMS. AT THE JUNIOR SCHOOL LEVEL (GRADES K-8), MOST SUMMER COURSES ARE OPEN TO ALL STUDENTS, INCLUDING THOSE FROM OUR LOCAL COMMUNITY, THE U.S. MAINLAND, AND ABROAD. ACADEMY SUMMER COURSES ARE TYPICALLY CREDIT-BEARING AND ARE ONLY OPEN TO CURRENT OR INCOMING PUNAHOU STUDENTS. THE ACADEMY COURSES OFFERED COVER A VARIETY OF ACADEMIC SUBJECTS, AS WELL AS SPORTS AND THE ARTS.
Expenses $3,945,834 · Revenue $4,049,750
-
CO-CURRICULAR AND OTHER PROGRAMS PROVIDE OPPORTUNITIES FOR GROWTH AND DEVELOPMENT BEYOND THE CLASSROOM AND REGULAR SCHOOL DAY. CO-CURRICULAR PROGRAMS INCLUDE MUSIC, DANCE, THEATRE, TENNIS, AND PUNAHOU AQUATICS. STUDENT ACTIVITIES RANGE FROM SPECIAL INTEREST CLUBS, HOLOKU PAGEANT, SPEECH AND DEBATE, TO ROBOTICS. THESE CO-CURRICULAR AND OTHER PROGRAMS ALLOW STUDENTS TO DEEPLY ENGAGE IN LEARNING THROUGH COURSES RANGING FROM RECREATION AND EXPLORATION TO ACTIVE INQUIRY, REFLECTION, AND THE PROGRESSIVE DEVELOPMENT OF ADVANCED SKILLS AND TECHNIQUES. THE ATHLETICS PROGRAM PROVIDES STUDENTS WITH THE OPPORTUNITY TO BUILD AND DEVELOP VALUES, QUALITIES, AND SKILLS THAT ARE AN ESSENTIAL PART OF THE PUNAHOU EXPERIENCE. OVER 1,700 STUDENTS IN GRADES 7-12 PARTICIPATE IN ONE OF THE 21 SPORTS PROGRAMS OFFERED THROUGH APPROXIMATELY 140 TEAMS. PUNAHOU IS A MEMBER OF THE HAWAII HIGH SCHOOL ATHLETIC ASSOCIATION (HHSAA) AND THE INTER-SCHOLASTIC LEAGUE OF HONOLULU (ILH). FOR MANY STUDENTS, PUNAHOU BECOMES MORE THAN JUST A SCHOOL; IT SERVES AS A COMMUNITY, A PLACE WHICH PROVIDES A LARGE PART OF THEIR TOTAL ENVIRONMENT.
Expenses $15,496,419 · Grants $16,791 · Revenue $5,036,239
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Wendy CrabbWENDY CRABB
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
W David P Carey IIIW DAVID P CAREY III
FIRST & SECOND VICE CHAIR, FINANCE
- Total calculated
- $0
- Hours/week
- 1
-
Kathleen Sullivan WoKATHLEEN SULLIVAN WO
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Margaret ColeMARGARET COLE
ASSISTANT SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Ethan AbbottETHAN ABBOTT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Deborah BergerDEBORAH BERGER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Gregory DickhensGREGORY DICKHENS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mark FukunagaMARK FUKUNAGA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Peter HoPETER HO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Duane KurisuDUANE KURISU
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Dr Douglas KwockDR DOUGLAS KWOCK
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Constance LauCONSTANCE LAU
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
John MorganJOHN MORGAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
William Price IIIWILLIAM PRICE III
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Emily Reber PorterEMILY REBER PORTER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Ann TeranishiANN TERANISHI
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Michael E LathamMICHAEL E LATHAM
PRESIDENT
- Total calculated
- $753,063
- From this org
- $591,629
- From related orgs
- $0
- Other
- $161,434
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $538,439
- Bonus
- $25,000
- Other
- $28,190
- Deferred
- $26,400
- Nontaxable benefits
- $135,034
- Filer's total
- $753,063
-
Sunny DonenfeldSUNNY DONENFELD
VP - FINANCE OPS AND TREASURER
- Total calculated
- $477,364
- From this org
- $417,986
- From related orgs
- $0
- Other
- $59,378
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $391,047
- Bonus
- $0
- Other
- $26,939
- Deferred
- $26,400
- Nontaxable benefits
- $32,978
- Filer's total
- $477,364
-
Noelehua Ll ArchambaultNOELEHUA LL ARCHAMBAULT
VP - INST. ADVANCEMENT
- Total calculated
- $346,344
- From this org
- $260,010
- From related orgs
- $0
- Other
- $86,334
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $252,396
- Bonus
- $0
- Other
- $7,614
- Deferred
- $25,929
- Nontaxable benefits
- $60,405
- Filer's total
- $346,344
-
Denise Sa HokeDENISE SA HOKE
ASST TREASURER & CONTROLLER
- Total calculated
- $234,061
- From this org
- $211,134
- From related orgs
- $0
- Other
- $22,927
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $210,360
- Bonus
- $0
- Other
- $774
- Deferred
- $21,098
- Nontaxable benefits
- $1,829
- Filer's total
- $234,061
-
Gustavo CarreraGUSTAVO CARRERA
PRINCIPAL - ACADEMY
- Total calculated
- $351,468
- From this org
- $223,483
- From related orgs
- $0
- Other
- $127,985
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $222,709
- Bonus
- $0
- Other
- $774
- Deferred
- $0
- Nontaxable benefits
- $127,985
- Filer's total
- $351,468
-
Todd Chow-HoyTODD CHOW-HOY
PRINCIPAL - JUNIOR SCHOOL
- Total calculated
- $343,996
- From this org
- $225,654
- From related orgs
- $0
- Other
- $118,342
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $225,240
- Bonus
- $0
- Other
- $414
- Deferred
- $30,133
- Nontaxable benefits
- $88,209
- Filer's total
- $343,996
-
Robert GelberROBERT GELBER
DIRECTOR - COMMUNICATIONS
- Total calculated
- $275,867
- From this org
- $204,777
- From related orgs
- $0
- Other
- $71,090
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $204,363
- Bonus
- $0
- Other
- $414
- Deferred
- $16,878
- Nontaxable benefits
- $54,212
- Filer's total
- $275,867
-
Raquel Kelly HicksRAQUEL KELLY HICKS
CHIEF HUMAN RESOURCE OFFICER
- Total calculated
- $267,112
- From this org
- $229,924
- From related orgs
- $0
- Other
- $37,188
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $229,510
- Bonus
- $0
- Other
- $414
- Deferred
- $3,767
- Nontaxable benefits
- $33,421
- Filer's total
- $267,112
-
Maile UoharaMAILE UOHARA
DIR. - ENROLLMENT MGMT
- Total calculated
- $247,853
- From this org
- $224,183
- From related orgs
- $0
- Other
- $23,670
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $200,433
- Bonus
- $0
- Other
- $23,750
- Deferred
- $6,978
- Nontaxable benefits
- $16,692
- Filer's total
- $247,853
-
James KakosJAMES KAKOS
ASSOC. PRINCIPAL - K-12 STUDENT LIFE
- Total calculated
- $268,353
- From this org
- $192,702
- From related orgs
- $0
- Other
- $75,651
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $192,288
- Bonus
- $0
- Other
- $414
- Deferred
- $20,213
- Nontaxable benefits
- $55,438
- Filer's total
- $268,353
-
Shigehiro MinamiSHIGEHIRO MINAMI
CHIEF INFO TECHNOLOGY OFFICER
- Total calculated
- $254,683
- From this org
- $210,673
- From related orgs
- $0
- Other
- $44,010
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $210,403
- Bonus
- $0
- Other
- $270
- Deferred
- $17,162
- Nontaxable benefits
- $26,848
- Filer's total
- $254,683
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 1a · Housing allowance or residence for personal use
- 1a · Health or social club dues or initiation fees
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 3 · Form 990 of other organizations
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 7 · Other non-fixed payments
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 1A
- A HOUSING ALLOWANCE IS PROVIDED TO SUNNY DONENFELD AND MAILE UOHARA AND IS INCLUDED IN THEIR TAXABLE COMPENSATION. ON-CAMPUS HOUSING IS PROVIDED TO DR. LATHAM, GUSTAVO CARRERA, AND TODD CHOW-HOY AS A CONDITION OF EMPLOYMENT AND IS USED FOR HOSTING SCHOOL EVENTS AND ACTIVITIES. THIS BENEFIT IS TREATED AS NONTAXABLE COMPENSATION. THE PRESIDENT, TREASURER, AND VP OF INSTITUTIONAL ADVANCEMENT ARE MEMBERS OF A SOCIAL CLUB FOR THE PURPOSE OF RECREATION, NETWORKING, AND ENTERTAINMENT. THE PORTION OF EXPENSES THAT CAN BE TRACED TO PERSONAL USE ARE PAID DIRECTLY BY THE INDIVIDUAL. TUITION REMISSION ALL REGULAR FULL-TIME FACULTY AND STAFF HIRED AFTER FEBRUARY 16, 1994 AND BEFORE JANUARY 22, 2021, ARE ELIGIBLE TO RECEIVE FULL TUITION REMISSION FOR ONE CHILD. ELIGIBLE EMPLOYEES HIRED AFTER JANUARY 22, 2021 RECEIVE $10,000 IN TUITION ASSISTANCE. BEGINNING WITH THE 2024-2025 SCHOOL YEAR, THIS TUITION ASSISTANCE BENEFIT WILL INCREASE TO 50% TUITION REMISSION FOR ONE ELIGIBLE CHILD AT A TIME DURING EMPLOYMENT AT PUNAHOU.
- PART I, LINE 7
- THE SCHOOL PRESIDENT, MICHAEL LATHAM, RECEIVED A DISCRETIONARY BONUS OF $25,000 DETERMINED AND APPROVED BY THE BOARD.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
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CNW FACULTY BENEFIT TRUST AT PUNAHOU
501(C)(3) · CHARITABLE TRUST · HI · controlled entity
Directly controlled by PUNAHOU SCHOOL
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501(C)(3) · CHARITABLE TRUST · HI · controlled entity
Directly controlled by PUNAHOU SCHOOL
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THE WATERHOUSE CHARITABLE TRUST
501(C)(3) · CHARITABLE TRUST · HI
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
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CHARITABLE REMAINDER TRUST (9)
T · TRUST · HI · controlled entity
Directly controlled by PUNAHOU SCHOOL
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T · CHARITABLE TRUST · HI · 100% owned · share of income $134,572 · share of assets $2,680,914 · controlled entity
Directly controlled by PUNAHOU SCHOOL
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 15 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202541329349304019
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