2014-04-11T15:39:14-05:00 2013-06-30 PricewaterhouseCoopers LLP 1301 K STREET NW SUITE 800W WASHINGTON DC 200053333 990 2012-07-01 990073480 TRUSTEES OF THE ESTATE OF BERNICE PAUAHI BISHOP % BENJAMIN SALAZAR TRUS 8085236200 POBOX 3466 Suite HONOLULU HI 96801 DEE JAY MAILER 8085236200 2014-03-27 2024141000 2012 2015-11-30 17:44:51Z KAMEHAMEHA SCHOOLS DEE JAY MAILER 567 SOUTH KING STREET HONOLULU HI 96813 5335085472 false X WWW.KSBE.EDU X 1887 HI SEE SCHEDULE O 5 1 3828 2486 2784612 1153132 0 47511 29715812 29714806 296062823 370264285 118319876 119102479 444098511 519129081 63385646 69641129 0 0 174551433 186658734 0 0 0 149622818 153085300 387559897 409385163 56538614 109743918 7199282096 7703205886 521255251 481328929 6678026845 7221876957 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 296538081 63104851 34654599 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 GRADES KINDERGARTEN THROUGH 12 AND 30 PRESCHOOLS. FOR OVER ONE-HUNDRED AND TWENTY-FIVE 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). 296538081 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 787 0 3828 true true true true BR CI EZ EG GR IN ID JA MU PL 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 567 SOUTH KING STREET SUITE 160 HONOLULU HI 968133036 X MICAH KANE 20.0 X 132290 0 0 J DOUGLAS ING 20.0 X 134123 0 0 ROBERT NOBRIGA 20.0 X 13500 0 0 JANEEN-ANN OLDS 20.0 X 115625 0 0 CORBETT KALAMA 20.0 X 115625 0 0 LANCE WILHELM 20.0 X 114125 0 0 DEE JAY MAILER 50.0 X 562526 0 48558 ELIZABETH HOKADA 50.0 X 587957 0 138553 MARSHA BOLSON 50.0 X 164714 0 53360 COLLEEN WONG 50.0 X 271123 0 51425 D ROD CHAMBERLAIN 50.0 X 294321 0 49259 CHRISTOPHER PATING 50.0 X 423890 0 36984 SYLVIA HUSSEY 50.0 X 230790 0 56112 BENJAMIN SALAZAR 50.0 X 183407 0 27170 LEE ANN DELIMA 50.0 X 219869 0 45226 DARREL HOKE 50.0 X 227993 0 25095 BURTON YUEN 50.0 X 345625 0 47956 R HOLOUA STENDER 50.0 X 203379 0 46469 PAUL QUINTILIANI 50.0 X 397535 0 41550 PAUL KAY 50.0 X 251228 0 31236 M'LISS MOORE 50.0 X 285129 0 47836 H RYAN LEE 50.0 X 275228 0 35073 JON IWATANI 50.0 X 267065 0 40644 ERIC MARLER - SCH O 0.0 X 163399 0 6017 MICHAEL CHUN SCH O 0.0 X 172973 0 28617 STANLEY FORTUNA JR SCH O 0.0 X 124415 0 23166 6277854 0 880306 138 true true false NORDIC PCL CONSTRUCTION INC 1099 ALAKEA ST STE 1560 HONOLULU HI 96813 CONSTRUCTION SERVICE 31334573 RAM CORPORATION DBA ALLIED BUILDERS 1717 AKAHI STREET 2ND FLR HONOLULU HI 968194265 CONSTRUCTION SERVICE 9319037 SECURITAS SECURITY SERVICES USA IN 1000 BISHOP ST STE 608 HONOLULU HI 96813 SECURITY SERVICES 2446960 CEDARCRESTONE INC 1255 ALDERMANN DRIVE ALPHARETTA GA 300054156 CONSULTING SERVICES 2010946 CHEVRON USA INC DBA CHEVRON ENGY SO 345 CALIFORNIA ST FL 18 SAN FRANCISCO CA 94104 ENERGY SUPPLIER 1919025 216 47511 47511 TUITION 611600 23780057 23780057 STUDENT FEES 611600 5389952 5389952 BOOKSTORE 611600 311198 311198 INTEREST INCOME 611600 119892 119892 FOOD SERVICES 611600 111901 111901 1806 1576 230 29714806 78950503 415965 78534538 0 227962 227962 245591378 135377827 110213551 0 110213551 110213551 4904653315 66939461 4679407061 871933 225246254 66067528 291313782 291313782 676967 299570 377397 377397 0 0 NET PREMIUMS EARNED 524126 2894515 2853079 41436 PARKING REVENUE 812930 1944689 1944689 ADVERTISING REVENUE 541800 247461 247461 3196904 1910447 134831 1151626 8283569 519129081 34478102 2784612 481818856 25257550 25257550 44383579 44383579 0 0 0 0 6313699 1032730 5280969 0 0 0 0 0 131030090 105377980 25652110 0 19647684 15223004 4424680 0 19684536 16745098 2939438 0 9982725 7734605 2248120 0 302104 0 302104 0 3274769 32600 3242169 0 194804 0 194804 0 32816 0 32816 0 0 22074698 0 22074698 0 19809380 5031293 14778087 0 692455 108652 583803 0 9189524 1473593 7715931 0 6329426 423273 5906153 0 0 0 0 0 14231114 10705593 3525521 0 2875034 2160526 714508 0 0 0 0 0 1286060 897987 388073 0 8422988 8422988 0 0 114288 91588 22700 0 32008635 28764955 3243680 0 1982250 1323482 658768 0 SUPPLIES 11962239 10710558 1251681 0 REPAIRS & MAINTENANCE 8948711 7196058 1752653 0 STUDENT EXPENSES 3783201 1153774 2629427 0 BUSINESS DEVELOPMENT 940029 553899 386130 0 4630775 1732716 2898059 409385163 296538081 112847082 0 25767 24217 56285241 22911828 0 0 3571347 18942443 0 0 0 0 0 405173 0 0 110130170 112566750 1550961679 598373348 907917539 952588331 1711542101 1984554603 4325283021 4551683696 0 0 0 0 84526910 59528845 7199282096 7703205886 62377636 61497908 0 0 22187151 23438513 0 0 0 0 0 0 272354046 275333333 0 0 164336418 121059175 521255251 481328929 X 6678026845 7221876957 0 0 0 0 6678026845 7221876957 7199282096 7703205886 X 109743918 391728828 42377366 X false true X true false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 54980 54980 541151104 541206084 1000000 250000 1000000 1000000 1000000 1000000 4000000 6000000 111953 134460 85775 54980 387168 250000 250000 250000 250000 1000000 1500000 4369 122 32 0 4523 0 3 0 0 0 2000 0 2383954 true true 583000 X X X X false 9779312 1155169 1218103 185665 11966919 9421444 371499 269139 282770 9779312 7719590 577553 1345285 220984 9421444 7331085 324328 146347 82170 7719590 8064429 45131 -542188 236287 7331085 0.05000 0.42000 0.53000 false true true 97086793 97086793 1298032155 522499705 775532450 77845967 44346029 33499938 77996764 31527613 46469150 952588331 HEDGE FUNDS 3092927594 F PRIVATE EQUITY FUNDS 1082704984 F COMMINGLED FUNDS 362199600 F OTHER 13851518 F 4551683696 123581 ACCRUED PENSION LIABILITY 68225789 ACCRUED POST RETIREMENT 39067888 DEFERRED COMPENSATION PLAN 6015560 STUDENT ACCOUNTS 5431 CAPITAL LEASE 6968358 OTHER LIABILITIES 652568 121059175 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 ESPRESSION -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, 2013, 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 3095000 East Asia and the Pacific Investments N/A 836254000 Europe (Including Iceland and Greenland) Investments N/A 1323383000 Middle East and North Africa Investments N/A 18958000 North America Investments N/A 1412506000 Russia and the Newly Independent States Investments N/A 1201000 South America Investments N/A 59861000 South Asia 1 Investments N/A 270483000 Sub-Saharan Africa Investments N/A 36443000 1 1 3962184000 3962184000 true false true true true true STUDENT ACTIVIT 676967 676967 4788 11811 282971 0 676967 676967 4788 11811 282971 299570 377397 true AHA PUNANA LEO INC 96 PUUHONU PLACE HILO HI 96720 990226111 501(c)(3) 2025815 0 N/A N/A SUPPORT HAWAIIAN EDUCATIONAL ACTIVITIES & PROGRAMS AFTER SCHOOL ALL STARS 4747 KILAUEA AVE HONOLULU HI 96816 274604870 501(c)(3) 150000 0 N/A N/A SUPPORT HAWAIIAN EDUCATIONAL ACTIVITIES & PROGRAMS ALU LIKE INC 458 KEAWE ST HONOLULU HI 96813 510151095 501(c)(3) 1409880 0 N/A N/A SUPPORT HAWAIIAN EDUCATIONAL ACTIVITIES & PROGRAMS BIG BROTHERS BIG SISTERS 418 KUWILI ST HONOLULU HI 96817 990109970 501(c)(3) 430000 0 N/A N/A SUPPORT HAWAIIAN EDUCATIONAL ACTIVITIES & PROGRAMS CHAMINADE UNIV 3140 WAIALAE AVE HONOLULU HI 96816 990272261 501(c)(3) 56784 0 N/A N/A SUPPORT HAWAIIAN EDUCATIONAL ACTIVITIES & PROGRAMS EDITH KANAKA'OLE FDN 1500 KALANIANAOLE AVE HILO HI 96720 990294540 501(c)(3) 174658 0 N/A N/A SUPPORT HAWAIIAN EDUCATIONAL ACTIVITIES & PROGRAMS FRIENDS OF PAPAHANAUMOKUAKEA PO BOX 667 CAPTAIN COOK HI 96704 208944350 501(c)(3) 42500 0 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 0 N/A N/A SUPPORT HAWAIIAN EDUCATIONAL ACTIVITIES & PROGRAMS GOOD BEGINNINGS ALLIANCE 33 S KING ST HONOLULU HI 96813 943257650 501(c)(3) 363800 0 N/A N/A SUPPORT HAWAIIAN EDUCATIONAL ACTIVITIES & PROGRAMS HAEYC HAWAII CHAPTER HONOLULU 1806 N KING ST HONOLULU HI 96826 237425746 501(c)(3) 261630 0 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3569 HARDING AVE HONOLULU HI 96816 510652665 501(c)(3) 20000 0 N/A N/A SUPPORT HAWAIIAN EDUCATIONAL ACTIVITIES & PROGRAMS MA KA HANA KA 'IKE BUILDING PROGRAM PO BOX 968 HANA HI 96713 020556883 501(c)(3) 40000 0 N/A N/A SUPPORT HAWAIIAN EDUCATIONAL ACTIVITIES & PROGRAMS MAKANA O LILOA FOUNDATION 401 WAIAKAMILO RD HONOLULU HI 96817 050580950 501(c)(3) 376432 0 N/A N/A SUPPORT HAWAIIAN EDUCATIONAL ACTIVITIES & PROGRAMS MALAMA LOKO 'EA 65-041 HUKILAU LOOP WAIALUA HI 96791 271307663 501(c)(3) 45000 0 N/A N/A SUPPORT HAWAIIAN EDUCATIONAL ACTIVITIES & PROGRAMS MANA MAOLI 1110 UNIV AVE HONOLULU HI 96826 311783481 501(c)(3) 394182 0 N/A N/A SUPPORT HAWAIIAN EDUCATIONAL ACTIVITIES & PROGRAMS MOLOKA'I COMMUNITY SERVICE COUNCIL PO BOX 2047 KAUNAKAKAI HI 96748 237426312 501(c)(3) 127800 0 N/A N/A SUPPORT HAWAIIAN EDUCATIONAL ACTIVITIES & PROGRAMS NA KAMALEI PO BOX 900 HAUULA HI 96717 990337808 501(c)(3) 19000 0 N/A N/A SUPPORT HAWAIIAN EDUCATIONAL ACTIVITIES & PROGRAMS NA KOA FOUNDATION 77-6559 SEA VIEW CIR KAILUAKONA HI 96740 270856575 501(c)(3) 16000 0 N/A N/A SUPPORT HAWAIIAN EDUCATIONAL ACTIVITIES & PROGRAMS NA'AU FOUNDATION 1365 NUUANU AVE HONOLULU HI 96817 264288536 10000 0 N/A N/A SUPPORT HAWAIIAN EDUCATIONAL ACTIVITIES & PROGRAMS PAEPAE OF HE'EIA PO BOX 6355 KANEOHE HI 96744 710903791 501(c)(3) 391200 0 N/A N/A SUPPORT HAWAIIAN EDUCATIONAL ACTIVITIES & PROGRAMS PAPAHANA KUAOLA 41-888 KAKAINA ST WAIMANALO HI 96795 202565007 501(c)(3) 394264 0 N/A N/A SUPPORT HAWAIIAN EDUCATIONAL ACTIVITIES & PROGRAMS PARTNERS IN DEVELOPMENT FOUNDATION 2040 BACHELOT ST HONOLULU HI 96817 943271325 501(c)(3) 931913 0 N/A N/A SUPPORT HAWAIIAN EDUCATIONAL ACTIVITIES & PROGRAMS QUEEN LILI'UOKALANI CHILDREN CENTER 1300 HALONA ST HONOLULU HI 96817 990078890 501(c)(3) 64000 0 N/A N/A SUPPORT HAWAIIAN EDUCATIONAL ACTIVITIES & PROGRAMS STANFORD WOODS INSTITUTE 473 VIA ORTEGA STANFORD CA 94305 941156365 501(c)(3) 60000 0 N/A N/A SUPPORT HAWAIIAN EDUCATIONAL ACTIVITIES & PROGRAMS SUPPORTING THE 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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 AND FEES IS PROVIDED TO STUDENTS WITH A DEMONSTRATED FINANCIAL NEED WHO ACTUALLY ENROLL AND ATTEND KS SCHOOLS. X true true X X X true false false false false false false false false DEE JAY MAILER 520006 0 40000 0 2520 0 33931 0 14627 0 611084 0 0 0 ELIZABETH HOKADA 361365 0 197750 0 28842 0 124715 0 13838 0 726510 0 42870 0 MARSHA BOLSON 158243 0 0 0 6471 0 45187 0 8173 0 218074 0 0 0 COLLEEN WONG 267586 0 0 0 3537 0 34295 0 17130 0 322548 0 0 0 D ROD CHAMBERLAIN 292491 0 0 0 1830 0 34164 0 15095 0 343580 0 0 0 CHRISTOPHER PATING 367208 0 55692 0 990 0 19085 0 17899 0 460874 0 0 0 SYLVIA HUSSEY 229560 0 0 0 1230 0 33449 0 22663 0 286902 0 0 0 ERIC MARLER - SCH O 54522 0 0 0 108877 0 1882 0 4135 0 169416 0 0 0 BENJAMIN SALAZAR 171046 0 0 0 12361 0 11969 0 15201 0 210577 0 0 0 MICHAEL CHUN SCH O 131852 0 0 0 41121 0 26633 0 1984 0 201590 0 0 0 STANLEY FORTUNA JR SCH O 108517 0 0 0 15898 0 17307 0 5859 0 147581 0 0 0 LEE ANN DELIMA 218666 0 0 0 1203 0 29524 0 15702 0 265095 0 0 0 DARREL HOKE 204510 0 20810 0 2673 0 17745 0 7350 0 253088 0 0 0 BURTON YUEN 236576 0 89368 0 19681 0 34624 0 13332 0 393581 0 0 0 PAUL QUINTILIANI 292728 0 102137 0 2670 0 21705 0 19845 0 439085 0 0 0 PAUL KAY 206922 0 41815 0 2491 0 15972 0 15264 0 282464 0 0 0 M'LISS MOORE 220963 0 60500 0 3666 0 44089 0 3747 0 332965 0 0 0 H RYAN LEE 207091 0 59354 0 8783 0 20536 0 14537 0 310301 0 0 0 JON IWATANI 208764 0 57750 0 551 0 32999 0 7645 0 307709 0 0 0 R HOLOUA STENDER 175259 0 0 0 28120 0 32004 0 14465 0 249848 0 0 0 PART I, LINE 1A HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE : NON-TAXABLE ON-CAMPUS HOUSING WAS PROVIDED TO KEY EMPLOYEE DR. MICHAEL CHUN. THIS HOUSING WAS PROVIDED AS A CONDITION OF EMPLOYMENT TO SUPERVISE AND INTERACT WITH STUDENTS AND, BECAUSE THE CAMPUS HAS BOARDING STUDENTS, TO BE AVAILABLE AT ALL TIMES TO MANAGE AND RESOLVE ISSUES ARISING FROM BOARDERS. HEADMASTER CHUN IS PROVIDED FREE HOUSING LOCATED WITHIN THE KAPALAMA CAMPUS. A HOUSING ALLOWANCE WAS PROVIDED TO KEY EMPLOYEES DR. STANLEY FORTUNA JR. AND HOLOUA STENDER, AND TOP 5 HIGHEST COMPENSATED EMPLOYEE, PAUL KAY. THE ENTIRE AMOUNT OF SUCH HOUSING ALLOWANCE WAS INCLUDED IN THEIR TAXABLE COMPENSATION. PART I, LINE 4A ERIC MARLER, VP AND CHIEF FINANCIAL OFFICER, RECEIVED $101,646 SEPARATION PAYMENT UPON SEPARATION OF EMPLOYMENT EFFECTIVE MARCH 2, 2012. A B PROPERTIES SEE PART V 450000 SEE PART V false A B PROPERTIES SEE PART V 1893350 SEE PART V false KIEWIT BUILDING GROUP SEE PART V 1605758 SEE PART V false FIRST HAWAIIAN BANK SEE PART V 51534 SEE PART V false FIRST HAWAIIAN BANK SEE PART V 50581 SEE PART V false HAWAIIAN ELECTRIC COMPANY SEE PART V 967059 SEE PART V false FIRST HAWAIIAN BANK SEE PART V 51534 SEE PART V false FIRST HAWAIIAN BANK SEE PART V 50581 SEE PART V false A B PROPERTIES SEE PART V 450000 SEE PART V false A B PROPERTIES SEE PART V 1893350 SEE PART V false BANK OF HAWAII SEE PART V 479191 SEE PART V false BANK OF HAWAII SEE PART V 68603 SEE PART V false BANK OF HAWAII SEE PART V 11254 SEE PART V false SCH L, PART IV, BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS: (A) NAME OF PERSON: A & B PROPERTIES (B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: JANEEN OLDS'S SPOUSE IS AN OFFICER OF THE ENTITY AND JANEEN OLDS IS A TRUSTEE OF THE ORGANIZATION. MICHAEL CHUN IS A DIRECTOR OF THE ENTITY AND A KEY EMPLOYEE OF THE ORGANIZATION. (C) AMOUNT OF TRANSACTION $450,000. (D) DESCRIPTION OF TRANSACTION: OPTION PAYMENTS (E) SHARING OF ORGANIZATION REVENUES? = NO (A) NAME OF PERSON: A & B PROPERTIES (B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: JANEEN OLDS'S SPOUSE IS AN OFFICER OF THE ENTITY AND JANEEN OLDS IS A TRUSTEE OF THE ORGANIZATION. MICHAEL CHUN IS A DIRECTOR OF THE ENTITY AND A KEY EMPLOYEE OF THE ORGANIZATION. (C) AMOUNT OF TRANSACTION $1,893,350. (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 $1,605,758. (D) DESCRIPTION OF TRANSACTION: INDEPENDENT CONTRACTOR ARRANGEMENT (E) SHARING OF ORGANIZATION REVENUES? = NO (A) NAME OF PERSON: FIRST HAWAIIAN BANK (B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: CORBETT KALAMA IS AN OFFICER OF THE ENTITY AND A TRUSTEE OF THE ORGANIZATION (C) AMOUNT OF TRANSACTION $51,534. (D) DESCRIPTION OF TRANSACTION: COMMITMENT/AGENCY FEES (E) SHARING OF ORGANIZATION REVENUES? = NO (A) NAME OF PERSON: FIRST HAWAIIAN BANK (B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: CORBETT KALAMA IS AN OFFICER OF THE ENTITY AND A TRUSTEE OF THE ORGANIZATION (C) AMOUNT OF TRANSACTION $50,581. (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 $967,059. (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 $51,534. (D) DESCRIPTION OF TRANSACTION: COMMITMENT/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 $50,581. (D) DESCRIPTION OF TRANSACTION: LEASE RENT (E) SHARING OF ORGANIZATION REVENUES? = NO (A) NAME OF PERSON: BANK OF HAWAII (B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: MICHAEL CHUN IS A DIRECTOR OF THE ENTITY AND A KEY EMPLOYEE OF THE ORGANIZATION (C) AMOUNT OF TRANSACTION $479,191. (D) DESCRIPTION OF TRANSACTION: LEASE RENT (E) SHARING OF ORGANIZATION REVENUES? = NO (A) NAME OF PERSON: BANK OF HAWAII (B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: MICHAEL CHUN IS A DIRECTOR OF THE ENTITY AND A KEY EMPLOYEE OF THE ORGANIZATION (C) AMOUNT OF TRANSACTION $68,603. (D) DESCRIPTION OF TRANSACTION: ANALYSIS FEES (E) SHARING OF ORGANIZATION REVENUES? = NO (A) NAME OF PERSON: BANK OF HAWAII (B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: MICHAEL CHUN IS A DIRECTOR OF THE ENTITY AND A KEY EMPLOYEE OF THE ORGANIZATION (C) AMOUNT OF TRANSACTION $11,254. (D) DESCRIPTION OF TRANSACTION: MERCHANT SERVICE FEES (E) SHARING OF ORGANIZATION REVENUES? = NO (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 PROGRAM SERVICE ACCOMPLISHMENTS AS OF JUNE 30, 2013, THE OVERALL FAIR VALUE OF KAMEHAMEHA SCHOOLS' ENDOWMENT WAS APPROXIMATELY $10.1 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, 2013, KAMEHAMEHA SCHOOLS SPENT APPROXIMATELY $315 MILLION ON EDUCATIONAL PROGRAMS AND EDUCATIONAL SUPPORT, WITH $110 MILLION SPENT ON COMMUNITY-FOCUSED PROGRAMS AND $168 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 2013 WAS THE EIGHTH 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 REMAINED CONSTANT FROM LAST YEAR AT APPROXIMATELY 47,400 LEARNERS. OVER 13,600 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 16,000 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 30 KS PRESCHOOL SITES ACROSS THE STATE AND OVER 4,000 STUDENTS SERVED THROUGH COMMUNITY COLLABORATIONS. OVER 2,300 PAUAHI KEIKI SCHOLARSHIPS WERE AWARDED TOTALING OVER $15 MILLION. GRADES 4 THROUGH POST-HIGH: KAMEHAMEHA SCHOOLS SERVED MORE THAN 7,800 LEARNERS THROUGH ITS EXTENSION EDUCATION AND DISTANCE LEARNING PROGRAMS SUCH AS THE EXPLORATIONS SERIES, KAMEHAMEHA SCHOLARS, 'IKE PONO AND CAREER & POST-HIGH COUNSELING. MORE THAN 2,100 POST-HIGH SCHOLARSHIPS WERE AWARDED TOTALING OVER $15.1 MILLION AND MORE THAN 4,000 STUDENTS WERE SUPPORTED WITH OVER $5.8 MILLION IN FUNDING AND SUPPORT TO 17 OF THE DEPARTMENT OF EDUCATION'S 32 PUBLIC CHARTER SCHOOLS. MORE THAN 2,000 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 2013-2014 SCHOOL YEAR. FOR MORE, INCLUDING A COPY OF KAMEHAMEHA SCHOOLS' AUDITED "CONSOLIDATED FINANCIAL STATEMENTS AND SUPPLEMENTAL SCHEDULES" FOR FISCAL YEAR 2013, PLEASE VISIT HTTP://WWW.KSBE.EDU/INDEX.PHP?TOPIC=ANNUALREPORTS. 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 SOLEY 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 FIRST HAWAIIAN BANK - CORBETT KALAMA AND DEE JAY MAILER (BUSINESS RELATIONSHIP - CORBETT KALAMA IS AN EXECUTIVE AT FIRST HAWAIIAN BANK AND DEE JAY MAILER IS A MEMBER OF THE BOARD) BISHOP HOLDINGS CORP - JANEEN OLDS, CORBETT KALAMA, DEE JAY MAILER (BUSINESS RELATIONSHIP - BISHOP HOLDINGS IS A SUBSIDIARY OF PARENT ORGANIZATION KAMEHAMEHA SCHOOLS AND THESE INDIVIDUALS SERVE WITH OTHERS ON THE BOARD WHICH CONSIST OF SEVEN MEMBERS) KAMEHAMEHA INVESTMENT CORP - JANEEN OLDS, CORBETT KALAMA, DEE JAY MAILER (BUSINESS RELATIONSHIP - KAMEHAMEHA INVESTMENT CORPORATION IS A 2ND TIER SUBSIDIARY OF KAMEHAMEHA SCHOOLS AND THESE INDIVIDUALS SERVE WITH OTHERS ON THE BOARD WHICH CONSIST OF SEVEN MEMBERS) PAUAHI MANAGEMENT CORP - JANEEN OLDS, CORBETT KALAMA, DEE JAY MAILER (BUSINESS RELATIONSHIP - PAUAHI MANAGEMENT CORPORATION IS A 2ND TIER SUBSIDIARY OF KAMEHAMEHA SCHOOLS AND THESE INDIVIDUALS SERVE WITH OTHERS ON THE BOARD WHICH CONSIST OF SEVEN MEMBERS) FORM 990, PART VI, LINE 11A 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 ERIC MARLER RESIGNED AS VP & CHIEF FINANCIAL OFFICER ON MARCH 2, 2012. DR. MICHAEL CHUN AND DR. STAN FORTUNA RETIRED AS HEAD OF SCHOOL FOR THE KAPALAMA CAMPUS AND HAWAII CAMPUS, RESPECTIVELY ON JUNE 30, 2012. FORM 990, PART XI, LINE 9 EQUITY IN EARNINGS OF SUBSIDIARIES 1,003,161 CUMULATIVE EFFECT OF CHANGE IN ACCOUNTING PRINCIPLE 41,268,985 IN-KIND CONTRIBUTIONS 95,220 OTHER ADJUSTMENT 10,000 ----------- TOTAL OTHER CHANGES IN NET ASSETS 42,377,366 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 1860526 16196518 KAMEHAMEHA KE ALI'I PAUAHI FOUNDATION PO BOX 3466 HONOLULU HI 96801 943263044 FUNDRAISING HI 501(C)(3) 11, I KAMEHAMEHA true CHARLES R BISHOP TRUST PO BOX 3466 HONOLULU HI 96801 996005262 SUPPORT OTHER HI 501(C)(3) 11D, III-O NA false SINO FINANCE GROUP PO BOX 3466 HONOLULU HI 96801 990324938 INTL BUS. 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HI PAUAHI MGT CORP C CORP 0 0 KEAUHOU COMMUNITY SERVICE INC PO BOX 5685 KAILUAKONA HI 96745 990291186 WASTEWATER TREAT HI KAMEHAMEHA INV C CORP 0 0 KAUPULEHU FOUNDATION PO BOX 5685 KAILUAKONA HI 96801 462780038 LAND MANAGEMENT KAMEHAMEHA C CORP 0 0 1.00000 true true false true false false true false false false true true true false false false true false true PAUAHI MANAGEMENT CORPORATION A 211271 BOOK VALUE KAMEHAMEHA INVESTMENT CORPORATON A 12592 BOOK VALUE KE ALI'I PAUAHI FOUNDATION B 1316786 BOOK VALUE SINO FINANCE GROUP D 337338 BOOK VALUE KBH INC H 183890 BOOK VALUE CHARLES R BISHOP TRUST L 51319 BOOK VALUE KE ALI'I PAUAHI FOUNDATION L 114288 BOOK VALUE KEAUHOU COMMUNITY SERVICE INC M 298664 BOOK VALUE KBH INC Q 130474 BOOK VALUE SOUTHERN NEVADA INCOME PROPERTIES S 23943080 BOOK VALUE KAMEHAMEHA INVESTMENT CORPORATION S 2364336 BOOK VALUE