2015-05-15T09:53:27-05:00 2014-06-30 PricewaterhouseCoopers LLP 600 13TH STREET NW SUITE 1000 WASHINGTON DC 20005 990 2013-07-01 990073480 TRUSTEES OF THE ESTATE OF BERNICE PAUAHI BISHOP % BENJAMIN SALAZAR TRUS 8085236200 PO BOX 3466 Suite HONOLULU HI 96801 LIVINGSTON SM WONG CEO 8085236200 2015-05-07 TRAVIS L PATTON P00369623 8085236200 2013 2016-03-07 17:11:31Z KAMEHAMEHA SCHOOLS LIVINGSTON WONG PO BOX 3466 HONOLULU HI 96801 5239191966 false X WWW.KSBE.EDU X 1887 HI SEE SCHEDULE O 5 1 3788 2419 6515808 3013537 47511 568991 29714806 31313802 370264285 768749588 119102479 114387903 519129081 915020284 69641129 68704641 0 0 186658734 186355877 0 0 0 153085300 177818017 409385163 432878535 109743918 482141749 7703205886 9027951453 481328929 565629082 7221876957 8462322371 X KAMEHAMEHA SCHOOL'S 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. false false 292539676 68704641 35990377 KAMEHAMEHA SCHOOLS WAS ESTABLISHED UNDER THE WILL AND CODICILS OF BERNICE PAUAHI BISHOP IN 1887 AND IS NOW ONE OF THE LARGEST SCHOOLS IN THE UNITED STATES SERVING KINDERGARTEN THROUGH GRADE 12 AND 29 PRESCHOOLS. FOR OVER ONE-HUNDRED AND TWENTY-EIGHT YEARS, KAMEHAMEHA SCHOOLS HAS CONTINUOUSLY PROVIDED QUALITY EDUCATION, GIVING PREFERENCE TO STUDENTS OF HAWAIIAN ANCESTRY TO THE EXTENT PERMITTED BY LAW. (SEE SCHEDULE O FOR ADDITIONAL INFORMATION ON PROGRAM SERVICE ACCOMPLISHMENTS) 292539676 true true false true false true false true false true true true false false true true false true true true true false false false true false false true true true false false false false false false false true false false false false true true true true false false true X 1343 0 true 3788 true true true true BR CI EZ EG IN MU PL HK TW TU false false false false false false false false X 5 1 true false false false false false false true true false false true true true true true true true true false HI X BENJAMIN SALAZAR 8085236200 PO BOX 3466 HONOLULU HI 96801 X MICAH KANE TRUSTEE 20.0 X 174333 0 0 ROBERT NOBRIGA TRUSTEE 20.0 X 146625 0 0 JANEEN-ANN OLDS TRUSTEE 20.0 1.0 X 166000 0 0 CORBETT KALAMA TRUSTEE 20.0 X 139500 0 0 LANCE WILHELM TRUSTEE 20.0 1.0 X 147000 0 0 DEE JAY MAILER CEO - THROUGH 04/01/14 50.0 1.0 X 537484 0 72431 ELIZABETH HOKADA VP - ENDOWMENT 50.0 X 665077 0 191672 MARSHA BOLSON VP-COMM RELATION/COMMUNICATION 50.0 X 173288 0 62213 COLLEEN WONG VP -LEGAL SVCS - THR. 10/18/13 50.0 X 269664 0 60863 D ROD CHAMBERLAIN VP - CAMPUS EDUCATION 50.0 X 324137 0 57085 CHRISTOPHER PATING VP-STRAT PLAN & IMPLEMENTATION 50.0 X 378441 0 55346 SYLVIA HUSSEY VP - ADMINISTRATION 50.0 X 242845 0 53408 BENJAMIN SALAZAR VP & CHIEF FINANCIAL OFFICER 50.0 1.0 X 218877 0 30716 L JACK WONG SCH O INTERIM CEO & VP LEGAL 50.0 1.0 X 196808 0 42384 RANDIE FONG - AO 32014 VP - HAWAIIAN CULTURAL AFFAIRS 50.0 X 124528 0 41747 WINONA WHITE SCH O VP - HUMAN RESOURCES 50.0 X 0 0 LEE ANN DELIMA HEAD OF SCHOOL - MAUI CAMPUS 50.0 1.0 X 228788 0 52552 DARREL HOKE DIRECTOR - INTERNAL AUDIT 50.0 X 206606 0 25227 BURTON YUEN DIRECTOR - FINANCIAL ASSETS 50.0 X 440629 0 95099 R HOLOUA STENDER HEAD OF SCHOOL - HAWAII CAMPUS 50.0 X 252672 0 118687 EARL KIM HEAD OF SCHOOL - KAPALAMA CAMP 50.0 X 265299 0 19658 PAUL QUINTILIANI SR DIR - COMMERCIAL R.E. 50.0 X 411577 0 49390 PAUL KAY AREA DEV DIR - COMMERCIAL R.E. 50.0 X 268757 0 37875 M'LISS MOORE INVESTMENT DIRECTOR - FAD 50.0 X 293699 0 38264 H RYAN LEE INVESTMENT ASSOC DIR. - FAD 50.0 X 271753 0 38558 JON IWATANI INVESTMENT ASSOC DIR. - FAD 50.0 X 274093 0 43850 J DOUGLAS ING SCH O FORMER TRUSTEE 0.0 X 10375 0 0 6828855 0 1187025 159 true true false NORDIC PCL CONSTRUCTION INC 1099 ALAKEA ST STE 1560 HONOLULU HI 96813 CONSTRUCTION SERVICE 18880752 CHARLES PANKOW BUILDERS LTD 615 PIIKOI ST STE 701 HONOLULU HI 96814 CONSTRUCTION SERVICE 4777869 KIEWIT BUILDING GROUP INC 650 IWILEI RD STE 202 HONOLULU HI 96817 CONSTRUCTION SERVICE 4595834 SECURITAS SECURITY SERVICES USA IN 1000 BISHOP ST STE 608 HONOLULU HI 96813 SECURITY GUARD SRVC. 3050565 RAM CORP DBA ALLIED BUILDERS SYST 1717 AKAHI ST 2ND FL HONOLULU HI 96819 CONSTRUCTION SERVICE 3043175 228 568991 568991 TUITION 611600 25033740 25033740 STUDENT FEES 611600 5702385 5702385 BOOKSTORE 611600 317441 317441 INTEREST INCOME 611600 133465 133465 FOOD SERVICES 611600 121115 121115 5656 5656 31313802 103273234 4062304 99210930 0 125362 125362 246902782 141311947 105590835 0 105590835 105590835 4358211231 489823062 4178673663 3884276 179537568 485938786 665476354 665476354 671104 301796 369308 369308 0 0 NET PREMIUMS EARNED 524126 2958350 2936134 22216 PARKING 812930 2182991 2182991 STUDENT ACTIVITIES 611600 1740441 1740441 1420616 248297 1172319 8302398 915020284 35990377 6515808 871945108 21880619 21880619 46824022 46824022 0 0 6503729 1344559 5159170 0 140092372 105966148 34126224 9052006 6664813 2387193 20264698 14920496 5344202 10443072 7689027 2754045 446583 446583 4775295 666 4774629 312212 312212 46775 46775 0 28454361 28454361 26607803 9139523 17468280 679482 174286 505196 7777388 885487 6891901 7716635 373542 7343093 0 13246683 10388584 2858099 3535626 2032607 1503019 0 1530963 914458 616505 7913324 7913324 114372 114372 33442396 30245263 3197133 3191060 2740122 450938 SUPPLIES 11622005 9976550 1645455 REPAIRS & MAINTENANCE 10818864 9178494 1640370 STUDENT EXPENSES 3521596 1376813 2144783 BUSINESS DEVELOPMENT 879090 491084 388006 11185504 1304817 9880687 432878535 292539676 140338859 0 24217 24017 22911828 44560686 0 0 18942443 18205153 0 0 0 0 405173 52461 0 0 112566750 113018663 1470645838 579078054 952588331 891567784 1984554603 2331004026 4551683696 5565947317 0 0 0 0 59528845 63571346 7703205886 9027951453 61497908 82442860 0 0 23438513 131129685 0 0 0 0 0 0 275333333 244547619 0 0 121059175 107508918 481328929 565629082 X 7221876957 8462322371 0 0 0 0 7221876957 8462322371 7703205886 9027951453 X 482141749 728961602 29342063 X X false true X true false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 59556 59556 573931033 573990589 1000000 250000 1000000 1000000 1000000 1000000 4000000 6000000 134460 85775 54980 59556 334771 250000 250000 250000 250000 1000000 1500000 122 32 0 154 0 3 0 0 0 2000 0 2822766 true true 583000 X X X X false 11969919 596273 1638222 359805 13844609 9779312 1155169 1218103 182665 11969919 9421444 371499 269139 282770 9779312 7719590 577553 1345285 220984 9421444 7331085 324328 146347 82170 7719590 0.05000 0.50000 0.45000 false true true 98271081 98271081 1204979303 534147150 670832153 79258759 44758719 34500040 88136695 172185 87964510 891567784 HEDGE FUNDS 3663401700 F PRIVATE EQUITY FUNDS 1285715793 F COMMINGLED FUNDS 531379564 F OTHER 85450260 F 5565947317 0 ACCRUED PENSION LIABILITY 43167040 ACCRUED POST RETIREMENT 47099190 DEFERRED COMPENSATION PLAN 6794792 STUDENT ACCOUNTS 4909 CAPITAL LEASE 10139038 OTHER LIABILITIES 303949 107508918 X PART III, LINE 4 ART COLLECTION: THE KAMEHAMEHA SCHOOLS ART COLLECTION INCLUDES OVER 500 ART PIECES THAT HAVE BEEN PURCHASED, COMMISSIONED OR ACQUIRED THROUGH DONATIONS. THE PIECES RANGE FROM HISTORICAL TO CONTEMPORARY AND ENCOMPASS A BROAD SPECTRUM OF MEDIA INCLUDING SCULPTURE, DRAWING, PAINTING, PRINTING AND PHOTOGRAPHY. THE ART COLLECTION IS MANAGED BY THE KAMEHAMEHA SCHOOLS 'IKE HAWAI'I ART CONSORTIUM, A CAREFULLY SELECTED GROUP COMPOSED OF FACULTY AND STAFF MEMBERS FROM THROUGHOUT THE ORGANIZATION. THE PRIMARY FOCUS OF THE CONSORTIUM IS TO IDENTIFY WAYS TO SHARE THE KS ART COLLECTION FOR EDUCATIONAL PURPOSES AND TO CARE FOR THE COLLECTION. THE CONSORTIUM ALSO OVERSEES THE ACQUISITION OF NEW ART PIECES THROUGH DONATION OR ACQUISITION. KAMEHAMEHA SCHOOLS HAS IDENTIFIED THE FOLLOWING AS THE ROLE OF ART WITHIN THE INSTITUTION : -TO INSPIRE AND EDUCATE -TO FOSTER AN APPRECIATION AND RESPECT FOR ARTISTIC EXPRESSION -TO EMBODY THE ESSENCE OF NATIVE HAWAIIAN LANGUAGE, CULTURE, HISTORY, TRADITIONS AND VALUES THE VAST COLLECTION SERVES AS A VALUABLE EDUCATIONAL RESOURCE FOR TEACHERS AND THEIR STUDENTS. PART V, LINE 4 INTENDED USE OF ENDOWMENT FUNDS: THE KE ALI'I PAUAHI FOUNDATION, A RELATED SUPPORTING ORGANIZATION TO KAMEHAMEHA SCHOOLS, HOLDS AND ADMINISTERS CERTAIN ENDOWMENT FUNDS FOR THE PURPOSE OF AWARDING VARIOUS SCHOLARSHIPS AND FINANCIAL AID ON BEHALF OF KAMEHAMEHA SCHOOLS. PART X, LINE 2 FIN 48 (ASC 740) FOOTNOTE: THE ORGANIZATION EVALUATES UNCERTAIN TAX POSITIONS UTILIZING A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. AT JUNE 30, 2014, MANAGEMENT BELIEVES THERE WERE NO SIGNIFICANT UNCERTAIN TAX POSITIONS. true true true true true true true false false false false false false false false false false true PART I, LINE 3 THE NONDISCRIMINATION POLICY IS PUBLISHED ANNUALLY IN A NEWSPAPER PUBLISHED IN THE STATE OF HAWAII THAT HAS GENERAL CIRCULATION IN THE STATE. Central America and the Caribbean Investments N/A 10409000 East Asia and the Pacific 1 Investments N/A 1021890000 Europe (Including Iceland and Greenland) Investments N/A 1395323000 Middle East and North Africa Investments N/A 29235000 North America Investments N/A 192716000 Russia and the Newly Independent States Investments N/A 15339000 South America Investments N/A 131895000 South Asia 1 Investments N/A 279107000 Sub-Saharan Africa Investments N/A 81018000 2 2 3156932000 3156932000 AFTER SCHOOL ALL STARS N/A N/A true false true true true true STUDENT ACTIVTY 671104 671104 1000 2880 15752 282164 0 671104 671104 1000 2880 15752 282164 301796 369308 true AHA PUNANANA LEO INC 96 PUUHONU PL HILO HI 96720 990226111 501(C)(3) 2009565 N/A N/A SUPPORT HAWAIIAN EDUCATIONAL ACTIVITIES & PROGRAMS AFTER SCHOOL ALL STARS 4747 KILAUEA AVE HONOLULU HI 96816 274604870 501(C)(3) 150000 N/A N/A SUPPORT HAWAIIAN EDUCATIONAL ACTIVITIES & PROGRAMS ALU LIKE INC 458 KEAWE ST HONOLULU HI 96813 510151095 501(C)(3) 1570442 N/A N/A SUPPORT HAWAIIAN EDUCATIONAL ACTIVITIES & PROGRAMS BIG BROTHERS BIG SISTERS 418 KUWILI ST STE 106 HONOLULU HI 96817 990109970 501(C)(3) 200000 N/A N/A SUPPORT HAWAIIAN EDUCATIONAL ACTIVITIES & PROGRAMS BIG ISLAND RESOURCE CONSERVATION AND DEV 200 KANOELEHUA AVE PMB 285 HILO HI 96720 990279188 501(C)(3) 55000 N/A N/A SUPPORT HAWAIIAN EDUCATIONAL ACTIVITIES & PROGRAMS BISHOP MUSEUM 1525 BERNICE ST HONOLULU HI 96817 990161980 501(C)(3) 750000 N/A N/A SUPPORT HAWAIIAN EDUCATIONAL ACTIVITIES & PROGRAMS CHAMINADE UNIVERSITY 3140 WAIALAE AVE HONOLULU HI 96816 990272261 501(C)(3) 58920 N/A N/A SUPPORT HAWAIIAN EDUCATIONAL ACTIVITIES & PROGRAMS COUNCIL FOR NATIVE HAWAIIAN ADVANCEMENT 2149 LAUWILIWILI ST STE 200 KAPOLEI HI 96707 910313383 501(C)(3) 40000 N/A N/A SUPPORT HAWAIIAN EDUCATIONAL ACTIVITIES & PROGRAMS FRIENDS OF HAWAII VOLCANO NATIONAL PARK PO BOX 653 VOLCANOS NATIONAL PARK HI 96785 311577169 501(C)(3) 35000 N/A N/A SUPPORT HAWAIIAN EDUCATIONAL ACTIVITIES & PROGRAMS PROGRAMS FRIENDS OF PAPAHANAUMOKUAKEA PO BOX 667 CAPTAIN COOK HI 96704 208944350 501(C)(3) 21250 N/A N/A SUPPORT HAWAIIAN EDUCATIONAL ACTIVITIES & PROGRAMS FRIENDS OF THE LEEWARD COAST 92-1480 ALIINUI DR KAPOLEI HI 96707 200090779 501(C)(3) 994182 N/A N/A SUPPORT HAWAIIAN EDUCATIONAL ACTIVITIES & PROGRAMS GOOD BEGINNINGS ALLIANCE 33 S KING ST STE 200 HONOLULU HI 96813 943257650 501(C)(3) 700000 N/A N/A SUPPORT HAWAIIAN EDUCATIONAL ACTIVITIES & PROGRAMS HAEYC HAWAII CHAPTER HONOLULU 1806 N KING ST STE 30 HONOLULU HI 96826 237425746 501(C)(3) 200000 N/A N/A SUPPORT HAWAIIAN EDUCATIONAL ACTIVITIES & PROGRAMS HAWAII ASSOCIATION OF INDEPENDENT SCHOOLS 1585 KAPIOLANI BLVD STE 1212 HONOLULU HI 96814 237067376 501(C)(3) 50000 N/A N/A SUPPORT HAWAIIAN EDUCATIONAL ACTIVITIES & PROGRAMS HAWAII DEPARTMENT OF EDUCATION PO BOX 2360 HONOLULU HI 96804 990266482 GVT ENTITY 943465 N/A N/A SUPPORT HAWAIIAN EDUCATIONAL ACTIVITIES & PROGRAMS HAWAII FORESTRY INDUSTRY ASSOC PO BOX 66 OOKALA HI 96774 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96744 753115246 501(C)(3) 287182 N/A N/A SUPPORT HAWAIIAN EDUCATIONAL ACTIVITIES & PROGRAMS KAANA INC PO BOX 610 KEKAHA HI 96752 990349254 501(C)(3) 247908 N/A N/A SUPPORT HAWAIIAN EDUCATIONAL ACTIVITIES & PROGRAMS KAI LOA INC 45-037 KANEOHE BAY DR KANEOHE HI 96744 201632545 501(C)(3) 221932 N/A N/A SUPPORT HAWAIIAN EDUCATIONAL ACTIVITIES & PROGRAMS KAMAAHA EDUCATION INITIATIVE 1500 KALANIANAOLE AVE HILO HI 96720 432029008 501(C)(3) 510408 N/A N/A SUPPORT HAWAIIAN EDUCATIONAL ACTIVITIES & PROGRAMS KANU I KA PONO INC PO BOX 12 ANAHOLA HI 96703 990347359 501(C)(3) 322908 N/A N/A SUPPORT HAWAIIAN EDUCATIONAL ACTIVITIES & PROGRAMS KANU O KA AINA LEARNING OHANA PO BOX 6511 KAMUELA HI 96743 990352665 501(C)(3) 1288158 N/A N/A SUPPORT HAWAIIAN EDUCATIONAL ACTIVITIES & PROGRAMS KEAUKAHA COMMUNITY ASSOC PO BOX 5146 HILO HI 96720 990344099 501(C)(3) 217358 N/A N/A SUPPORT HAWAIIAN EDUCATIONAL ACTIVITIES & PROGRAMS KEY PROJECT 47-200 WAIHEE RD KANEOHE HI 96744 990118209 501(C)(3) 25100 N/A N/A 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ACTIVITIES & PROGRAMS MOLOKAI COMMUNITY SVC COUNCIL PO BOX 2047 KAUNAKAKAI HI 96748 237426312 501(C)(3) 65210 N/A N/A SUPPORT HAWAIIAN EDUCATIONAL ACTIVITIES & PROGRAMS NA KALAI WAA PO BOX 748 WAIMEA HI 96743 990304846 501(C)(3) 182750 N/A N/A SUPPORT HAWAIIAN EDUCATIONAL ACTIVITIES & PROGRAMS NA KAMALEI PO BOX 900 HAUULA HI 96717 990337808 501(C)(3) 50000 N/A N/A SUPPORT HAWAIIAN EDUCATIONAL ACTIVITIES & PROGRAMS NAKOA FOUNDATION 77-6559 SEA VIEW C KAILUAKONA HI 96740 270856575 10000 N/A N/A SUPPORT HAWAIIAN EDUCATIONAL ACTIVITIES & PROGRAMS NATIVE HAWAIIAN SELF SUFFICIENCY INSTITUTE PO BOX 26243 HONOLULU HI 96825 990189812 501(C)(3) 295432 N/A N/A SUPPORT HAWAIIAN EDUCATIONAL ACTIVITIES & PROGRAMS PAEPAE O HEEIA PO BOX 6355 KANEOHE HI 96744 710903791 501(C)(3) 390000 N/A N/A SUPPORT HAWAIIAN EDUCATIONAL ACTIVITIES & PROGRAMS PAPAHANA KUAOLA 41-888 KAKAINA ST WAIMANALO HI 96795 202565007 501(C)(3) 377000 N/A N/A SUPPORT HAWAIIAN EDUCATIONAL ACTIVITIES & PROGRAMS PARTNERS IN DEVELOPMENT FOUNDATION 2040 BACHELOT ST HONOLULU HI 96817 943271325 501(C)(3) 825525 N/A N/A SUPPORT HAWAIIAN EDUCATIONAL ACTIVITIES & PROGRAMS POLYNESIAN VOYAGING SOCIETY 10 SAND ISLAND PARKWAY HONOLULU HI 96819 237302232 501(C)(3) 400000 N/A N/A SUPPORT HAWAIIAN EDUCATIONAL ACTIVITIES & PROGRAMS QUEEN LILIUOKALANI CHIDLREN CENTER 1300 HALONA ST HONOLULU HI 96817 990078890 501(C)(3) 32000 N/A N/A SUPPORT HAWAIIAN EDUCATIONAL ACTIVITIES & PROGRAMS STANFORD WOODS INSTITUTE 473 VIA ORTEGA STANFORD CA 94305 941156365 501(C)(3) 45000 N/A N/A SUPPORT HAWAIIAN EDUCATIONAL ACTIVITIES & PROGRAMS SUPPORTING THE LANGUAGE OF KAUAI PO BOX 245 LIHUE HI 96766 204088998 501(C)(3) 273408 N/A N/A SUPPORT HAWAIIAN EDUCATIONAL ACTIVITIES & PROGRAMS SUSTAIN HAWAII 3442 WAIALAE AVE HONOLULU HI 96816 200040349 501(C)(3) 50000 N/A N/A SUPPORT HAWAIIAN EDUCATIONAL ACTIVITIES & PROGRAMS TEACH FOR AMERICA INC 315 WEST 35TH ST NEW YORK NY 10018 133541913 501(C)(3) 100000 N/A N/A SUPPORT HAWAIIAN EDUCATIONAL ACTIVITIES & PROGRAMS THE DOLLYWOOD FOUNDATION 1020 DOLLYWOOD LANE PIGEON FORGE TN 37863 621348105 501(C)(3) 50255 N/A N/A SUPPORT HAWAIIAN EDUCATIONAL ACTIVITIES & PROGRAMS THE KOHALA CENTER PO BOX 437462 KAMUELA HI 96743 990354676 501(C)(3) 180000 N/A N/A SUPPORT HAWAIIAN EDUCATIONAL ACTIVITIES & PROGRAMS ULU MAU PUANUI INC PO BOX 685 KAMUELA HI 96743 272218803 501(C)(3) 60000 N/A N/A SUPPORT HAWAIIAN EDUCATIONAL ACTIVITIES & PROGRAMS ULUHAO O HUALALAI PO BOX 130 HOLUALOA HI 96725 462014974 501(C)(3) 20000 N/A N/A SUPPORT HAWAIIAN EDUCATIONAL ACTIVITIES & PROGRAMS UNIVERSITY OF HAWAII 2500 CAMPUS ROAD HONOLULU HI 96822 996000354 GVT ENTITY 450630 N/A N/A SUPPORT HAWAIIAN EDUCATIONAL ACTIVITIES & PROGRAMS UNIVERSITY OF HAWAII FOUNDATION 2444 DOLE ST BACHMAN HALL 105 HONOLULU HI 96822 990085260 501(C)(3) 204053 N/A N/A SUPPORT HAWAIIAN EDUCATIONAL ACTIVITIES & PROGRAMS UNIVERSITY OF HAWAII AT HILO 200 W KAWILI ST HILO HI 96720 996000354 GVT ENTITY 442559 N/A N/A SUPPORT HAWAIIAN EDUCATIONAL ACTIVITIES & PROGRAMS UNIVERSITY OF HAWAII AT KCC 4030 DIAMOND HEAD RD HONOLULU HI 96816 996000354 GVT ENTITY 50000 N/A N/A SUPPORT HAWAIIAN EDUCATIONAL ACTIVITIES & PROGRAMS UNIVERSITY OF HAWAII AT MCC 310 WEST KAAHUMANU AVE KAHULUI HI 96732 996000354 GVT ENTITY 37005 N/A N/A SUPPORT HAWAIIAN EDUCATIONAL ACTIVITIES & PROGRAMS UNIVERSITY OF HAWAII AT WCC 45-720 KEAAHALA RD KANEOHE HI 96744 996000354 GVT ENTITY 269285 N/A N/A SUPPORT HAWAIIAN EDUCATIONAL ACTIVITIES & PROGRAMS WAIANAE COMMUNITY RE-DEVELOPMENT CORP PO BOX 441 WAIANAE HI 96792 990350803 501(C)(3) 619208 N/A N/A SUPPORT HAWAIIAN EDUCATIONAL ACTIVITIES & PROGRAMS WAIPA FOUNDATION PO BOX 1516 HANALEI HI 96714 990313224 501(C)(3) 455600 N/A N/A SUPPORT OF HAWAIIAN EDUCATIONAL ACTIVITIES & PROGRAMS KE ALII PAUAHI FOUNDATION PO BOX 3466 HONOLULU HI 96801 943263044 501(C)(3) 1623388 N/A N/A SUPPORT HAWAIIAN EDUCATIONAL ACTIVITIES & PROGRAMS UNIVERSITY OF HAWAII AT WEST OAHU 91-1001 FARRINGTON HWY KAPOLEI HI 96707 996000354 GVT ENTITY 132810 N/A N/A EDUCATIONAL SUPPORT 63 2 SCHOLARSHIPS - PRESCHOOL 2272 10876666 N/A N/A SCHOLARSHIPS - KINDERGARTEN 575 2706273 N/A N/A SCHOLARSHIPS - POST-HIGH 2356 11785948 N/A N/A SCHOLARSHIPS - POST BACCALAUREATE 125 1462605 N/A N/A STIPENDS - POST-HIGH 55 81600 N/A N/A FINANCIAL AID - KS STUDENTS IN K-12 4911 19910930 N/A N/A GRANTS TO ORGANIZATIONS: THE GRANTS ARE MADE THROUGH A WRITTEN AGREEMENT WITH AT LEAST ANNUAL REPORTING REQUIREMENTS (PROGRAMMATIC AND FINANCIAL) BY THE ORGANIZATION WHO RECEIVES THE GRANT. IN ADDITION, KS CONDUCTS ON-SITE VISITS AND QUARTERLY CHECK-INS TO HELP ENSURE THE OBJECTIVES OF THE GRANT ARE ACHIEVED AND ADDRESS ANY CHALLENGES/ ISSUES ON A TIMELY BASIS. GRANTS TO INDIVIDUALS: (I) WITH RESPECT TO SCHOLARSHIPS: SCHOLARSHIP AWARDS ARE MADE THROUGH CHECKS IN THE NAME OF THE RECIPIENT SCHOOLS AND SENT TO THE SCHOOLS. FUNDS NOT USED ARE RETURNED TO KS. THE POST-HIGH SCHOLARSHIP RECIPIENTS ARE ALSO ASSIGNED A COUNSELOR WHO MAINTAINS REGULAR CONTACT WITH THE RECIPIENT AND PROVIDES ANY ASSISTANCE AND GUIDANCE TO HELP THEM MATRICULATE. (II) WITH RESPECT TO STIPENDS: STIPEND AWARDS ARE MADE THROUGH CHECKS IN THE NAME OF THE STUDENT UPON COMPLETION OF A PREAPPROVED INTERNSHIP PROGRAM COORDINATED BY KS. STUDENT INTERNS ARE ASSIGNED A KS COUNSELOR WHO MONITORS THE INTERNSHIP COMPLETION. (III) WITH RESPECT TO FINANCIAL AID: FINANCIAL AID FOR TUITION, MEALS, TRANSPORTATION, AND FEES IS PROVIDED TO STUDENTS WITH A DEMONSTRATED FINANCIAL NEED WHO ACTUALLY ENROLL AND ATTEND KS SCHOOLS. X true true X X X false false false false false false false false false MICAH KANE TRUSTEE 174333 0 0 0 0 0 0 0 0 0 174333 0 0 0 J DOUGLAS ING SCH O FORMER TRUSTEE 10375 0 0 0 0 0 0 0 0 0 10375 0 0 0 JANEEN-ANN OLDS TRUSTEE 166000 0 0 0 0 0 0 0 0 0 166000 0 0 0 DEE JAY MAILER CEO - THROUGH 04/01/14 534964 0 0 0 2520 0 58744 0 13687 0 609915 0 0 0 ELIZABETH HOKADA VP - ENDOWMENT 401240 0 259601 0 4236 0 176629 0 15043 0 856749 0 58752 0 MARSHA BOLSON VP-COMM RELATION/COMMUNICATION 168394 0 0 0 4894 0 58417 0 3796 0 235501 0 0 0 COLLEEN WONG VP -LEGAL SVCS - THR. 10/18/13 229704 0 0 0 39960 0 45116 0 15747 0 330527 0 0 0 D ROD CHAMBERLAIN VP - CAMPUS EDUCATION 321602 0 0 0 2535 0 40687 0 16398 0 381222 0 0 0 CHRISTOPHER PATING VP-STRAT PLAN & IMPLEMENTATION 377385 0 0 0 1056 0 38259 0 17087 0 433787 0 0 0 SYLVIA HUSSEY VP - ADMINISTRATION 241615 0 0 0 1230 0 33913 0 19495 0 296253 0 0 0 BENJAMIN SALAZAR VP & CHIEF FINANCIAL OFFICER 218067 0 0 0 810 0 16837 0 13879 0 249593 0 0 0 LEE ANN DELIMA HEAD OF SCHOOL - MAUI CAMPUS 227591 0 0 0 1197 0 37660 0 14892 0 281340 0 0 0 DARREL HOKE DIRECTOR - INTERNAL AUDIT 203916 0 0 0 2690 0 19508 0 5719 0 231833 0 0 0 BURTON YUEN DIRECTOR - FINANCIAL ASSETS 337690 0 102000 0 939 0 79607 0 15492 0 535728 0 0 0 PAUL QUINTILIANI SR DIR - COMMERCIAL R.E. 301113 0 108502 0 1962 0 25829 0 23561 0 460967 0 0 0 PAUL KAY AREA DEV DIR - COMMERCIAL R.E. 221813 0 45400 0 1544 0 20731 0 17144 0 306632 0 0 0 M'LISS MOORE INVESTMENT DIRECTOR - FAD 227869 0 62164 0 3666 0 37064 0 1200 0 331963 0 0 0 H RYAN LEE INVESTMENT ASSOC DIR. - FAD 212546 0 58907 0 300 0 21795 0 16763 0 310311 0 0 0 JON IWATANI INVESTMENT ASSOC DIR. - FAD 214633 0 58907 0 553 0 35816 0 8034 0 317943 0 0 0 R HOLOUA STENDER HEAD OF SCHOOL - HAWAII CAMPUS 207294 0 0 0 45378 0 102062 0 16625 0 371359 0 0 0 L JACK WONG SCH O INTERIM CEO & VP LEGAL 195574 0 0 0 1234 0 23875 0 18509 0 239192 0 0 0 RANDIE FONG - AO 32014 VP - HAWAIIAN CULTURAL AFFAIRS 123938 0 0 0 590 0 23658 0 18089 0 166275 0 0 0 EARL KIM HEAD OF SCHOOL - KAPALAMA CAMP 246363 0 15000 0 3936 0 17509 0 2149 0 284957 0 0 0 PART I, LINE 1A HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE: A HOUSING ALLOWANCE WAS PROVIDED TO KEY EMPLOYEE HOLOUA STENDER. THE ENTIRE AMOUNT OF SUCH HOUSING ALLOWANCE WAS INCLUDED AS TAXABLE COMPENSATION. FIRST HAWAIIAN BANK SEE PART V 52151 SEE PART V false FIRST HAWAIIAN BANK SEE PART V 59375 SEE PART V false FIRST HAWAIIAN BANK SEE PART V 675435 SEE PART V false AB PROPERTIES SEE PART V 1895913 SEE PART V false HAWAIIAN ELECTRIC COMPANY SEE PART V 892670 SEE PART V false KIEWIT BUILDING GROUP SEE PART V 4892278 SEE PART V false AB PROPERTIES SEE PART V 340000 SEE PART V false HAWAIIAN DREDGING CONSTRUCTION CO SEE PART V 1619139 SEE PART V false HECO SUBSIDIARIES SEE PART V 8338820 SEE PART V false SANDWICH ISLES COMMUNICATIONS INC SEE PART V 140918 SEE PART V false HAWAIIAN DREDGING CONSTRUCTION CO SEE PART V 28125 SEE PART V false SCH L, PART IV, BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS: (A) NAME OF PERSON: FIRST HAWAIIAN BANK (B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: DEE JAY MAILER IS A DIRECTOR OF THE ENTITY AND AN OFFICER OF THE ORGANIZATION. (C) AMOUNT OF TRANSACTION $52,151. (D) DESCRIPTION OF TRANSACTION: LEASE RENT (E) SHARING OF ORGANIZATION REVENUES? = NO (A) NAME OF PERSON: FIRST HAWAIIAN BANK (B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: DEE JAY MAILER IS A DIRECTOR OF THE ENTITY AND AN OFFICER OF THE ORGANIZATION. (C) AMOUNT OF TRANSACTION $59,375. (D) DESCRIPTION OF TRANSACTION: COMMITMENT FEE / AGENCY FEES (E) SHARING OF ORGANIZATION REVENUES? = NO (A) NAME OF PERSON: FIRST HAWAIIAN BANK (B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: DEE JAY MAILER IS A DIRECTOR OF THE ENTITY AND AN OFFICER OF THE ORGANIZATION. (C) AMOUNT OF TRANSACTION $675,435. (D) DESCRIPTION OF TRANSACTION: INTEREST (E) SHARING OF ORGANIZATION REVENUES? = NO (A) NAME OF PERSON: A & B PROPERTIES (B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: JANEEN OLDS' SPOUSE IS AN OFFICER OF THE ENTITY AND JANEEN OLDS IS A TRUSTEE OF THE ORGANIZATION. (C) AMOUNT OF TRANSACTION $1,895,913. (D) DESCRIPTION OF TRANSACTION: LEASE RENT (E) SHARING OF ORGANIZATION REVENUES? = NO (A) NAME OF PERSON: HAWAIIAN ELECTRIC COMPANY (B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: MICAH KANE IS A DIRECTOR OF THE ENTITY AND A TRUSTEE OF THE ORGANIZATION. (C) AMOUNT OF TRANSACTION $892,670. (D) DESCRIPTION OF TRANSACTION: LEASE RENT (E) SHARING OF ORGANIZATION REVENUES? = NO (A) NAME OF PERSON: KIEWIT BUILDING GROUP (B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: LANCE WILHELM IS AN OFFICER OF THE ENTITY AND A TRUSTEE OF THE ORGANIZATION. (C) AMOUNT OF TRANSACTION $4,892,278. (D) DESCRIPTION OF TRANSACTION: INDEPENDENT CONTRACTOR AGREEMENT (E) SHARING OF ORGANIZATION REVENUES? = NO (A) NAME OF PERSON: A & B PROPERTIES (B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: JANEEN OLDS' SPOUSE IS AN OFFICER OF THE ENTITY AND JANEEN OLDS IS A TRUSTEE OF THE ORGANIZATION. (C) AMOUNT OF TRANSACTION $340,000. (D) DESCRIPTION OF TRANSACTION: OPTION PAYMENTS (E) SHARING OF ORGANIZATION REVENUES? = NO (A) NAME OF PERSON: HAWAIIAN DREDGING CONSTRUCTION CO. (B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: ROBERT NOBRIGA'S BROTHER IS AN OFFICER OF THE ENTITY AND ROBERT NOBRIGA IS A TRUSTEE OF THE ORGANIZATION (C) AMOUNT OF TRANSACTION $1,619,139. (D) DESCRIPTION OF TRANSACTION: INDEPENDENT CONTRACTOR AGREEMENT (E) SHARING OF ORGANIZATION REVENUES? = NO (A) NAME OF PERSON: HECO & SUBSIDIARIES (B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: MICAH KANE IS A DIRECTOR OF THE ENTITY AND A TRUSTEE OF THE ORGANIZATION (C) AMOUNT OF TRANSACTION $8,338,820. (D) DESCRIPTION OF TRANSACTION: UTILITIES (E) SHARING OF ORGANIZATION REVENUES? = NO (A) NAME OF PERSON: SANDWICH ISLES COMMUNICATIONS, INC. (B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: JANEEN OLDS IS AN OFFICER OF THE ENTITY AND A TRUSTEE OF THE ORGANIZATION. (C) AMOUNT OF TRANSACTION $140,918. (D) DESCRIPTION OF TRANSACTION: UTILITIES (E) SHARING OF ORGANIZATION REVENUES? = NO (A) NAME OF PERSON: HAWAIIAN DREDGING CONSTRUCTION CO. (B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: ROBERT NOBRIGA'S BROTHER IS AN OFFICER OF THE ENTITY AND ROBERT NOBRIGA IS A TRUSTEE OF THE ORGANIZATION. (C) AMOUNT OF TRANSACTION $28,125. (D) DESCRIPTION OF TRANSACTION: LEASE RENT (E) SHARING OF ORGANIZATION REVENUES? = NO FORM 990, PART I, LINE 1: DESCRIPTION OF ORGANIZATION 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. FORM 990, PART III, LINE 4A: AS OF JUNE 30, 2014, THE OVERALL FAIR VALUE OF KAMEHAMEHA SCHOOLS' ENDOWMENT WAS APPROXIMATELY $11 BILLION. THE FAIR VALUE EXCLUDES NON-INVESTMENT RELATED ASSETS, SUCH AS EDUCATIONAL, ADMINISTRATIVE, AND AGRICULTURAL AND CONSERVATION ASSETS AND IS USED FOR TRUST SPENDING PURPOSES. FOR THE FISCAL YEAR ENDED JUNE 30, 2014, KAMEHAMEHA SCHOOLS SPENT APPROXIMATELY $378 MILLION ON EDUCATIONAL PROGRAMS AND EDUCATIONAL SUPPORT, WITH $112 MILLION SPENT ON COMMUNITY-FOCUSED PROGRAMS AND $165 MILLION SPENT ON CAMPUS-BASED PROGRAMS. THESE FINANCIAL RESOURCES ENABLED KAMEHAMEHA SCHOOLS TO EXTEND ITS EDUCATIONAL REACH TO MORE HAWAIIANS THROUGH ITS EDUCATION STRATEGIC PLAN, ADOPTED IN 2005 AND BASED ON THE KAMEHAMEHA SCHOOLS STRATEGIC PLAN 2000-2015. FISCAL YEAR 2014 WAS THE NINTH YEAR OF THE EDUCATION STRATEGIC PLAN SINCE ITS INCEPTION IN 2005, AND THE NUMBER OF CHILDREN AND FAMILIES IMPACTED BY KAMEHAMEHA'S CAMPUS AND COMMUNITY PROGRAMS INCREASED SLIGHTLY FROM LAST YEAR TO APPROXIMATELY 48,400 LEARNERS. OVER 12,300 PARENTS AND CAREGIVERS WERE PROVIDED TRAINING AND SUPPORT FOR FAMILIES AND CAREGIVERS OF CHILDREN IN THE PRENATAL-TO-POST HIGH COMMUNITY. PRENATAL TO 8 YEARS OF AGE: KAMEHAMEHA SCHOOLS SERVED APPROXIMATELY 9,400 KEIKI PRE-NATAL TO 8 YEARS OF AGE AND THEIR PARENTS AND CAREGIVERS THROUGH ITS KS CENTER-BASED PRESCHOOLS, PRESCHOOL SCHOLARSHIPS, LITERACY INSTRUCTION AND VARIOUS EDUCATIONAL COLLABORATIONS. THAT NUMBER INCLUDED MORE THAN 1,500 STUDENTS AT 29 KS PRESCHOOL SITES ACROSS THE STATE. OVER 2,200 PAUAHI KEIKI SCHOLARSHIPS WERE AWARDED TOTALING OVER $15.5 MILLION. GRADES 4 THROUGH POST-HIGH: KAMEHAMEHA SCHOOLS SERVED MORE THAN 21,200 LEARNERS THROUGH ITS EXTENSION EDUCATION AND DISTANCE LEARNING PROGRAMS SUCH AS THE EXPLORATIONS SERIES, KAMEHAMEHA SCHOLARS, KUPA AINA AND CAREER & POST-HIGH COUNSELING. MORE THAN 2,300 POST-HIGH SCHOLARSHIPS WERE AWARDED TOTALING OVER $15.2 MILLION AND MORE THAN 4,000 STUDENTS WERE SUPPORTED WITH OVER $7.5 MILLION IN FUNDING AND SUPPORT TO 17 OF THE DEPARTMENT OF EDUCATION'S 32 PUBLIC CHARTER SCHOOLS. MORE THAN 2,100 NON-CAMPUS LEARNERS WERE ENROLLED IN CAMPUS-BASED SUMMER PROGRAMS. CAMPUS PROGRAMS: KAMEHAMEHA SCHOOLS EDUCATED APPROXIMATELY 5,400 LEARNERS, INCLUDING GRADUATING OVER 690 SENIORS, AT CAMPUS PROGRAMS ON HAWAI'I, ON MAUI AND AT KAPALAMA. ORPHAN AND INDIGENT CHILDREN COMPRISED APPROXIMATELY 31 PERCENT OF STUDENTS INVITED TO CAMPUS PROGRAMS AND 27 PERCENT OF STUDENTS ENROLLED DURING THE 2014-2015 SCHOOL YEAR. FOR MORE, INCLUDING A COPY OF KAMEHAMEHA SCHOOLS' AUDITED "CONSOLIDATED FINANCIAL STATEMENTS AND SUPPLEMENTAL SCHEDULES" FOR FISCAL YEAR 2014, PLEASE VISIT HTTP://WWW.KSBE.EDU/ABOUT_US/PUBLICATIONS_AND_RESOURCES/ANNUAL_REPO RTS/. ATTACHMENT 1 CONTINUED: FORM 990, PART V, LINE 4B - FOREIGN COUNTRIES UNITED ARAB EMIRATES HUNGARY QATAR FORM 990, PART VI, LINES 1A & 1B: FOR PURPOSES OF DETERMINING INDEPENDENCE WITH RESPECT TO THE FORM 990 EACH MEMBER OF THE GOVERNING BODY MUST SATISFY A THREE-PART TEST. ONE SUCH PART PROVIDES THAT THE MEMBER WAS NOT INVOLVED IN A TRANSACTION WITH THE ORGANIZATION EITHER DIRECTLY OR INDIRECTLY THROUGH AN AFFILIATION WITH ANOTHER ORGANIZATION. FOUR (4) MEMBERS OF KAMEHAMEHA SCHOOLS' GOVERNING BODY WERE INVOLVED, INDIRECTLY, IN TRANSACTIONS WITH THE ORGANIZATION SOLELY THROUGH EITHER THEIR OR THEIR FAMILY MEMBER'S AFFILIATION WITH ANOTHER ORGANIZATION AS AN OFFICER OF THAT OTHER ORGANIZATION. THESE MEMBERS ARE THEREFORE NOT CONSIDERED INDEPENDENT FOR PURPOSES OF THIS SPECIFIC TEST. IT IS SIGNIFICANT TO NOTE THAT, IN ACCORDANCE WITH KS'S CONFLICT OF INTEREST POLICY, THESE FOUR MEMBERS OF KS'S GOVERNING BODY WERE PRECLUDED FROM PARTICIPATING (IN BOTH DISCUSSIONS AND DELIBERATIONS) IN THE APPROVAL PROCESS INVOLVING TRANSACTIONS BETWEEN KS AND THE ENTITIES IN WHICH THEY OR THEIR FAMILY MEMBERS WERE SERVING AS A DIRECTOR, TRUSTEE, OR AN OFFICER. THE TRUSTEES ARE SELECTED BY THE PROBATE COURT, WHICH APPOINTS MEMBERS OF A SCREENING COMMITTEE UNDER THE COURT'S CONTROL TO RECEIVE APPLICATIONS FOR A TRUSTEE VACANCY, SCREEN SUCH APPLICANTS AND RECOMMEND APPROPRIATE INDIVIDUALS TO THE COURT FOR THE COURT'S FINAL SELECTION. FORM 990, PART VI, LINE 2: BISHOP HOLDINGS CORP - JANEEN OLDS, CORBETT KALAMA, DEE JAY MAILER, MICAH KANE, ROBERT NOBRIGA, LANCE WILHELM (BUSINESS RELATIONSHIP - BISHOP HOLDINGS IS A SUBSIDIARY OF PARENT ORGANIZATION KAMEHAMEHA SCHOOLS AND THESE INDIVIDUALS SERVE WITH OTHERS ON THE BOARD) KAMEHAMEHA INVESTMENT CORP - JANEEN OLDS, CORBETT KALAMA, DEE JAY MAILER, MICAH KANE, ROBERT NOBRIGA, LANCE WILHELM (BUSINESS RELATIONSHIP - KAMEHAMEHA INVESTMENT CORPORATION IS A 2ND TIER SUBSIDIARY OF KAMEHAMEHA SCHOOLS AND THESE INDIVIDUALS SERVE WITH OTHERS ON THE BOARD) PAUAHI MANAGEMENT CORP - JANEEN OLDS, CORBETT KALAMA, DEE JAY MAILER, MICAH KANE, ROBERT NOBRIGA, LANCE WILHELM (BUSINESS RELATIONSHIP - PAUAHI MANAGEMENT CORPORATION IS A 2ND TIER SUBSIDIARY OF KAMEHAMEHA SCHOOLS AND THESE INDIVIDUALS SERVE WITH OTHERS ON THE BOARD) FORM 990, PART VI, LINE 11B: THE 5-STEP REVIEW PROCESS PRIOR TO THE RETURN BEING FILED CONSISTS OF THE FOLLOWING: (1) THE RETURN IS DRAFTED BY THE THIRD PARTY TAX RETURN PREPARER AND THEN REVIEWED BY TAX DEPARTMENT STAFF, STAFF FROM THE CONTROLLERS' DIVISION, AND THE ENDOWMENT GROUP; (2) THE RETURN IS REVIEWED BY THE VICE PRESIDENT OF LEGAL AND THE VICE PRESIDENT OF FINANCE; (3) THE RETURN IS PROVIDED TO THE CEO FOR REVIEW; (4) A MEETING IS ARRANGED WITH THE CEO, REPRESENTATIVES FROM THE TAX DEPARTMENT AND THE THIRD PARTY TAX RETURN PREPARER TO REVIEW THE RETURN IN MORE DETAIL WITH THE CEO; (5) THE TAX DEPARTMENT, THE TAX RETURN PREPARER, AND THE CEO REVIEW THE RETURN IN DETAIL WITH THE TRUSTEES, WHO GIVE FINAL APPROVAL TO FILE THE RETURN. FORM 990, PART VI, LINE 12C: COMPLIANCE IS ACCOMPLISHED AS FOLLOWS: ACTION REQUIRING APPROVAL BY THE CEO OR TRUSTEES MUST BE SUBMITTED VIA AN INTERNAL FORM, REQUEST FOR ACTION ("RFA"), THAT INCLUDES A SECTION ON CONFLICT OF INTEREST REVIEW, WHICH IS CONDUCTED BY THE LEGAL DEPARTMENT AND ANY CONFLICTS ARE DISCLOSED ON THE RFA. A PERSON WITH A CONFLICT MAY NOT PARTICIPATE IN THE DECISION OR INVOLVEMENT IN THE MATTER. IN ORDER TO DO A CONFLICT CHECK, EACH YEAR THE LEGAL GROUP SENDS OUT A REQUEST TO THE TRUSTEES AND MEMBERS OF EXECUTIVE MANAGEMENT TO COMPLETE AN ANNUAL DISCLOSURE FORM IN WHICH THEY DISCLOSE THEIR FAMILY MEMBERS AND ORGANIZATIONS IN WHICH THEY ARE SHAREHOLDERS (OTHER THAN PUBLICLY TRADED COMPANIES) OR WHERE THEY SERVE AS AN OFFICER OR DIRECTOR. INDIVIDUALS ARE REQUIRED TO REPORT ANY CHANGES TO THEIR ANNUAL DISCLOSURE DURING THE YEAR TO LEGAL. THE LEGAL GROUP THEN MAINTAINS A DATABASE OF THE DISCLOSURES FOR USE IN DETERMINING WHETHER AN INDIVIDUAL HAS A CONFLICT IN A DECISION BEFORE HIM OR HER. FOR DECISIONS DELEGATED TO VICE PRESIDENTS OR STAFF BELOW A VICE PRESIDENT, THE RFA REQUIRES DISCLOSURE OF THIRD PARTIES INVOLVED IN THE MATTER TO BE APPROVED AND THE REQUESTOR MUST THEN CONDUCT A CONFLICT CHECK AND NOTE WHETHER THERE IS ANY CONFLICT. THOSE WHO HAVE A CONFLICT MAY NOT APPROVE THE TRANSACTION. FORM 990, PART VI, LINES 15A & 15B: THE CEO'S COMPENSATION IS APPROVED EACH YEAR BY THE BOARD OF TRUSTEES, WHO ARE ALL INDEPENDENT PERSONS. AS PART OF THE APPROVAL PROCESS, THE HUMAN RESOURCE DIVISION OF KS PREPARES AN INTERNAL DOCUMENT (A REQUEST FOR APPROVAL, THE "RFA") FOR THE TRUSTEE'S APPROVAL. THE RFA INCLUDES A CURRENT COMPENSATION REPORT WITH BENCHMARKS AND COMPARABILITY DATA PREPARED BY AN INDEPENDENT EXPERT, UNLESS THE REQUESTED COMPENSATION IS WITHIN THE COMPARABILITY INFORMATION PROVIDED BY THE EXPERT FROM THE PREVIOUS YEAR. THE RFA ALSO INCLUDES JUSTIFICATION FOR THE RECOMMENDED COMPENSATION. THE TRUSTEES THEN REVIEWS THE RFA, DELIBERATE AND MAKES A DECISION. THE MINUTES OF THE TRUSTEES' MEETING AND DECISIONS ARE RETAINED. THE COMPENSATION OF OTHER OFFICERS AND KEY EMPLOYEES IS DETERMINED IN THE SAME MANNER AS ABOVE FOR THE CEO. FORM 990, PART VI, LINE 19: EACH YEAR THE TRUSTEES OF THE ESTATE OF BERNICE PAUAHI BISHOP DBA KAMEHAMEHA SCHOOLS MUST SUBMIT THEIR ACCOUNT FOR THE YEAR TO THE PROBATE COURT IN HONOLULU, HAWAII FOR APPROVAL. AS PART OF THAT PROCESS, THE GOVERNING DOCUMENT (THE WILL AND CODICILS) AND THE AUDITED FINANCIAL STATEMENTS ARE PUBLICLY AVAILABLE AND CAN ALSO BE PROVIDED UPON REQUEST. FORM 990, PART VII, LINE 1A, COLUMN B: THE ACTUAL NUMBER OF HOURS PER WEEK DEVOTED TO POSITION RANGES FROM 40 TO 60 HOURS FOR OFFICERS AND DIRECTORS AND 20 TO 40 HOURS FOR TRUSTEES. FORM 990, PART VII, COMPENSATION: L. "JACK" WONG BECAME VP - LEGAL SERVICES UPON COLLEEN WONG'S RETIREMENT ON OCTOBER 18, 2013. HE ALSO SERVED AS INTERIM CEO UPON DEE JAY MAILER'S RETIREMENT ON APRIL 1, 2014. WINONA WHITE JOINED KAMEHAMEHA SCHOOLS AS VP - HUMAN RESOURCES IN FEBRUARY 2014. SHE HAD NO REPORTABLE COMPENSATION FOR CALENDAR YEAR 2013. FORMER TRUSTEE ING'S DECEMBER 2012 COMPENSATION WAS PAID IN JANUARY 2013. FORM 990, PART XI, LINE 9: EQUITY IN EARNINGS OF SUBSIDIARIES 2,132,816 CUMULATIVE EFFECT OF CHANGE IN ACCOUNTING PRINCIPLE 27,209,247 ----------- TOTAL OTHER CHANGES IN NET ASSETS 29,342,063 FORM 990, PART XII, LINE 2B AND PART IV, LINE 12: THE INDEPENDENTLY AUDITED FINANCIAL STATEMENTS OF KAMEHAMEHA SCHOOLS ARE CONSOLIDATED WITH THOSE OF ITS WHOLLY-OWNED SUBSIDIARIES (E.G. BISHOP HOLDINGS CORPORATION, ETC.) AND THEREFORE NOT ISSUED ON A SEPARATE BASIS. P&C INSURANCE COMPANY LLC PO BOX 3466 HONOLULU HI 96801 990315757 INSURANCE HI 1529485 17011733 KAMEHAMEHA S CRESCENTKAMEHAMEHA SCHOOLS PARTNER LP PO BOX 3466 HONOLULU HI 96801 464668874 INVESTMENTS DE 301598 13896839 KAMEHAMEHA S KE ALI'I PAUAHI FOUNDATION PO BOX 3466 HONOLULU HI 96801 943263044 FUNDRAISING HI 501(C)(3) 11, I KAMEHAMEHA S true CHARLES R BISHOP TRUST PO BOX 3466 HONOLULU HI 96801 996005262 SUPPORT OTHER HI 501(C)(3) 11D, III-O KAMEHAMEHA S true SINO FINANCE GROUP PO BOX 3466 HONOLULU HI 96801 990324938 INTL. BUS. 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