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 PieperBILLY PIEPER
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Brian KealohaBRIAN KEALOHA
1ST VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Leilani Williams-SolomonLEILANI WILLIAMS-SOLOMON
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Richard KennedyRICHARD KENNEDY
CORPORATE SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Isaiah AinaISAIAH AINA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Gerard AkakaGERARD AKAKA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Francis AlcainFRANCIS ALCAIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Warren AltonaWARREN ALTONA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Donne DawsonDONNE DAWSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Shawn DonlinSHAWN DONLIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Allen HoeALLEN HOE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Malcolm InamineMALCOLM INAMINE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Patti LookPATTI LOOK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
James MonizJAMES MONIZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Brennon MoriokaBRENNON MORIOKA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Alisa OnishiALISA ONISHI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kaulana ParkKAULANA PARK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Stevette SantiagoSTEVETTE SANTIAGO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
David TubmanDAVID TUBMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ron WalkerRON WALKER
FORMER 2ND VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Elena FardenELENA FARDEN
FORMER DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Paula GuanzonPAULA 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 WanSEE 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 MoriharaMICHELLE 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.
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