Skip to content
Nonprofiteer
← FRIENDS OF IOLANI PALACE

Form 990 for tax year 2024

Filed by FRIENDS OF IOLANI PALACE.

Totals

Total revenue
$6,151,835
Total expenses
$4,400,801
Contributions and grants received
$3,358,951
Grants paid
$324,523
Program service revenue
$2,420,381
Investment income
$440,695
Other revenue
-$68,192
Total assets, end of year
$12,633,455
Total liabilities, end of year
$974,371
Net assets or fund balances, end of year
$11,659,084
Program services expenses (Part IX)
$3,205,430
Management and general expenses
$921,188
Fundraising expenses
$274,183
Program service expenses (Part III)
$3,205,430

Program services were 72.8% 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.

  • 1b · Membership dues

    $115,474

  • 1c · Fundraising events

    $310,500

  • 1e · Government grants (contributions)

    $2,163,052

  • 1f · All other contributions, gifts and grants

    $769,925

  • 1g · Noncash contributions included above

    $12,590

  • 2a · Program service revenue: PALACE TOURS

    total $2,420,381 · related or exempt $2,420,381

  • 3 · Investment income

    total $440,695 · excluded $440,695

  • 6a · Gross rents

    real property $12,430

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $12,430

  • 6d · Net rental income or loss

    total $12,430 · excluded $12,430

  • 8a · Fundraising events: gross income

    $102,924

  • 8a · Fundraising events: contributions included on line 1c

    $310,500

  • 8b · Fundraising events: direct expenses

    $99,255

  • 8c · Net income from fundraising events

    total $3,669 · excluded $3,669

  • 10a · Gross sales of inventory

    $527,147

  • 10b · Cost of goods sold

    $618,852

  • 10c · Net income from sales of inventory

    total -$91,705 · related or exempt -$91,705

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $7,414 · related or exempt $7,414

  • 11e · Other revenue, total

    $7,414

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $324,523 · program services $324,523

  • 5 · Compensation of officers, directors and key employees

    total $365,849 · management and general $365,849

  • 7 · Other salaries and wages

    total $1,581,454 · program services $1,296,074 · management and general $133,802 · fundraising $151,578

  • 8 · Pension plan contributions

    total $10,237 · program services $9,685 · management and general $289 · fundraising $263

  • 9 · Other employee benefits

    total $264,748 · program services $191,954 · management and general $44,641 · fundraising $28,153

  • 10 · Payroll taxes

    total $152,123 · program services $104,924 · management and general $35,049 · fundraising $12,150

  • 11b · Fees: legal

    total $6,201 · management and general $6,201

  • 11c · Fees: accounting

    total $22,852 · management and general $22,852

  • 11f · Fees: investment management

    total $45 · management and general $45

  • 11g · Fees: other

    total $184,152 · program services $139,415 · management and general $42,237 · fundraising $2,500

  • 12 · Advertising and promotion

    total $41,847 · management and general $41,847

  • 13 · Office expenses

    total $172,044 · program services $145,760 · management and general $14,433 · fundraising $11,851

  • 16 · Occupancy

    total $271,570 · program services $228,652 · management and general $31,815 · fundraising $11,103

  • 17 · Travel

    total $5,709 · program services $1,633 · management and general $2,324 · fundraising $1,752

  • 19 · Conferences, conventions and meetings

    total $1,290 · management and general $920 · fundraising $370

  • 20 · Interest

    total $13,168 · management and general $13,168

  • 22 · Depreciation, depletion and amortization

    total $35,371 · management and general $35,371

  • 23 · Insurance

    total $26,222 · program services $21,417 · management and general $3,326 · fundraising $1,479

  • 24a · Other expenses: MAINTENANCE AND REPAIR

    total $767,625 · program services $675,459 · management and general $75,553 · fundraising $16,613

  • 24b · Other expenses: TAXES AND FEES

    total $85,246 · program services $56,502 · management and general $5,700 · fundraising $23,044

  • 24c · Other expenses: MISCELLANEOUS

    total $40,431 · program services $1,282 · management and general $38,404 · fundraising $745

  • 24d · Other expenses: DUES AND SUBSCRIPTIONS

    total $28,094 · program services $8,150 · management and general $7,362 · fundraising $12,582

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $76,879 · end of year $31,003

  • 2 · Savings and temporary cash investments

    beginning of year $7,252,662 · end of year $9,339,619

  • 3 · Pledges and grants receivable

    beginning of year $733,050 · end of year $758,529

  • 4 · Accounts receivable

    beginning of year $371,394 · end of year $40,173

  • 8 · Inventories for sale or use

    beginning of year $173,805 · end of year $141,663

  • 9 · Prepaid expenses and deferred charges

    beginning of year $77,627 · end of year $74,708

  • 10a · Land, buildings and equipment: cost or other basis

    $591,480

  • 10b · Land, buildings and equipment: accumulated depreciation

    $462,992

  • 10c · Land, buildings and equipment, net

    beginning of year $137,922 · end of year $128,488

  • 11 · Investments: publicly traded securities

    beginning of year $2,058,732 · end of year $2,051,975

  • 15 · Other assets

    beginning of year $24,584 · end of year $67,297

  • 17 · Accounts payable and accrued expenses

    beginning of year $392,827 · end of year $281,943

  • 19 · Deferred revenue

    beginning of year $98,124 · end of year $149,798

  • 24 · Unsecured notes and loans payable

    beginning of year $486,267 · end of year $472,951

  • 25 · Other liabilities

    beginning of year $23,197 · end of year $69,679

  • 27 · Net assets without donor restrictions

    beginning of year $7,610,172 · end of year $9,695,689

  • 28 · Net assets with donor restrictions

    beginning of year $2,296,068 · end of year $1,963,395

Mission and programs · 2024

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.

Activities or mission (Part I)

EDUCATION, RESEARCH, RESTORATION, REFURBISHMENT AND OPERATION FOR THE IOLANI PALACE.

  • 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 105,359 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 4,361 STUDENT VISITORS THIS YEAR.

    Expenses $3,205,430 · Grants $324,523 · Revenue $2,336,090

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

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Billy Pieper

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • Brian Kealoha

    1ST VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • Leilani Williams-Solomon

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Richard Kennedy

    CORPORATE SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • Isaiah Aina

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Gerard Akaka

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Francis Alcain

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Warren Altona

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Donne Dawson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Shawn Donlin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Allen Hoe

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Malcolm Inamine

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Patti Look

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • James Moniz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Brennon Morioka

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Alisa Onishi

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Kaulana Park

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Stevette Santiago

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • David Tubman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Ron Walker

    FORMER 2ND VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • Elena Farden

    FORMER DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Paula Guanzon

    PRESIDENT & CEO

    Total calculated
    $214,278
    From this org
    $196,387
    From related orgs
    $0
    Other
    $17,891
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $186,387
    Bonus
    $10,000
    Other
    $0
    Deferred
    $5,654
    Nontaxable benefits
    $12,237
    Filer's total
    $214,278
  • See Wai Wan

    CHIEF FINANCIAL OFFICER

    Total calculated
    $133,474
    From this org
    $122,420
    From related orgs
    $0
    Other
    $11,054
    Hours/week
    40
  • Michelle Morihara

    DIRECTOR OF DEVELOPMENT

    Total calculated
    $112,835
    From this org
    $102,217
    From related orgs
    $0
    Other
    $10,618
    Hours/week
    40

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

  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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

  • STATE OF HAWAII DEPARTMENT OF LAND AND NATURAL RESOURCES

    $324,523

    FLOW THROUGH FUNDS FOR THE REPAIR OF THE ROOF ON THE 'IOLANI PALACE

Provenance

Return type
form_990
Tax year
2024
Filed
7 November 2025
IRS schema version
2024v5.2
Source object
202513119349303976

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.