2026-05-15T08:12:56-05:00 2025-06-30 861065772 DELOITTE TAX LLP 695 TOWN CENTER DRIVE SUITE 1000 COSTA MESA CA 926261924 990 2024-07-01 990073480 TRUSTEES OF THE ESTATE OF BERNICE PAUAHI BISHOP DBA KAMEHAMEHA SCHOOLS TRUS 8085236200 567 S KING STREET SUITE 200 HONOLULU HI 96813 CRYSTAL ROSE TRUSTEE 8085236200 2026-05-15 0 1 JOHN W SADOFF JR P00540589 7144367100 2024 2025-03-06 01:10:19Z KAMEHAMEHA SCHOOLS LIVINGSTON SM WONG 567 S KING STREET SUITE 200 HONOLULU HI 96813 4736863244 0 X WWW.KSBE.EDU X 1885 HI 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. 5 4 3642 5000 21560273 2277226 1349235 612408 47377000 50324217 396488767 730074852 143612102 146444494 588827104 927455971 98871910 106803433 0 0 307978008 338688142 0 0 3276691 1001304709 329548656 1408154627 775040231 -819327523 152415740 12171215830 13000665087 1746285714 1733643506 10424930116 11267021581 X 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. 0 0 478253306 106803433 56287707 KAMEHAMEHA SCHOOLS WAS ESTABLISHED UNDER THE WILL AND CODICILS OF BERNICE PAUAHI BISHOP IN 1885 AND OPENED IN 1887 AND IS NOW ONE OF THE LARGEST SCHOOLS IN THE UNITED STATES SERVING KINDERGARTEN THROUGH GRADE 12 AND 30 PRESCHOOLS. FOR OVER ONE-HUNDRED AND THIRTY YEARS, KAMEHAMEHA SCHOOLS HAS CONTINUOUSLY PROVIDED QUALITY EDUCATION GIVING PREFERENCE TO STUDENTS OF HAWAIIAN ANCESTRY TO THE EXTENT PERMITTED BY LAW.SEE SCHEDULE O 478253306 1 1 0 1 0 0 0 1 0 1 1 1 0 0 1 1 0 1 1 1 1 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 0 0 1 1 1 1 0 0 1 X 1081 0 1 3642 1 1 1 1 BR CA CH CO DA EI EZ HU IC ID IS JA KS NO PE PL PO RO SW TU UK 0 0 0 0 0 0 0 0 1 0 X 5 4 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 1 1 HI X LOUIS K ANDERSON 8085236200 567 S KING STREET SUITE 200 HONOLULU HI 96813 X ELLIOT MILLS CHAIR/TRUSTEE 10.00 2.00 X 222826 0 0 MICHELLE KA'UHANE TRUSTEE 10.00 2.00 X 179330 0 0 JENNIFER GOODYEAR-KA'OPUA TRUSTEE 10.00 2.00 X 174330 0 0 ROBERT NOBRIGA TRUSTEE 10.00 2.00 X 166830 0 0 CRYSTAL ROSE TRUSTEE 10.00 2.00 X 161830 0 0 L JACK WONG CEO 50.00 1.00 X 1554050 0 167881 DARREL HOKE EVP - ADMINISTRATION 50.00 1.00 X 549810 0 82961 BENJAMIN SALAZAR VP OF FINANCE & CFO 50.00 1.00 X 448324 0 69744 M NALANI FUJIMORI KAINA GENERAL COUNSEL & VP 50.00 0.00 X 468134 0 44624 T KA'EO DUARTE VP OF AINA PAUAHI 50.00 1.00 X 453756 0 58353 MIA OKINAGA VP, INTERNAL AUDIT 50.00 0.00 X 403645 0 62702 M WAI'ALE'ALE ARROYO VP-HI'IALO/INT HEAD OF SCHOOL - KSK 50.00 0.00 X 354370 0 64786 KEHAU ABAD VP OF S & E 50.00 0.00 X 330491 0 42220 SHELLI KIM INT VP - HI'IALO FROM 3/25 50.00 0.00 X 287082 0 38593 TIMOTHY DONOHUE CIO 50.00 1.00 X 2389226 0 78068 TARAN CHUN HEAD OF SCHOOL - KSK UNTIL 3/25 50.00 0.00 X 460219 0 69029 M KAHEALANI NAE'OLE-WONG HEAD OF SCHOOL - BIG ISLAND 50.00 0.00 X 384634 0 68439 SCOTT PARKER HEAD OF SCHOOL - MAUI 50.00 0.00 X 372594 0 46473 BURTON YUEN MANAGING DIR. - FIN'L ASSETS 50.00 1.00 X 1176822 0 79064 CHRISTOPHER PICCIONE COO, FINANCIAL ASSETS 50.00 0.00 X 919749 0 86336 JON IWATANI MANAGING DIR. - FIN'L ASSETS 50.00 1.00 X 923449 0 68379 DAVID AMES MANAGING DIR. - FIN'L ASSETS 50.00 0.00 X 844161 0 61297 JEFF HEIDSIECK MANAGING DIR. - FIN'L ASSETS 50.00 0.00 X 817372 0 57789 SABRINA TOMA FORMER INT GENERAL COUNSEL & VP 50.00 0.00 X 254524 0 52737 ANDREA KANNO-KALAMA FORMER INT VP COMM & CCO 50.00 0.00 X 222220 0 30130 CARRIE SHODA-SUTHERLAND FORMER INTERIM VP S&T 50.00 0.00 X 187075 0 49145 WALTER THOEMMES FMR MAN DIR COMM RE 50.00 0.00 X 389359 0 66473 15096212 0 1445223 897 1 1 0 QUALITY GENERAL INC 99-1219 IWAENA ST RM 220E AIEA HI 96701 CONSTRUCTION 27678327 SWINERTON BUILDERS 841 BISHOP ST ST 500 HONOLULU HI 96813 CONSTRUCTION 19895572 QUINN EMANUEL URQUHART & SULLIVAN LLP 50 CALIFORNIA STREET 22 FL SAN FRANCISCO CA 94111 LEGAL 12096700 UWORKCOM INC 200 WALKER ST SW STE B ATLANTA GA 30313 LABOR 9876469 WILLIAMS SCOTSMAN INC 91-282 KALAELOA BLVD KAPOLEI HI 96707 CONSTRUCTION 8459134 116 524618 87790 612408 TUITION 611600 42210913 42210913 STUDENT FEES 611600 7573501 7573501 BOOKSTORE 611600 382731 382731 OTHER 611600 157072 157072 50324217 66416508 14057101 52359407 1215035 1215035 297257793 166993764 130264029 130264029 130264029 4239884915 65768411 3641986015 8967 597898900 65759444 663658344 663658344 1163926 418527 745399 745399 GOLF REVENUE 713910 5392265 5392265 NET PREMIUMS EARNED 524126 3596036 3595722 314 PARKING 812930 2848474 2095213 753261 2383256 2367768 15380 108 14220031 927455971 56287707 21560273 848995583 36715017 36715017 70088416 70088416 11985839 2388671 9597168 1047820 501783 317173 228864 250260957 164284463 84251999 1724495 22102703 14509378 7441021 152304 34769842 22824754 11705496 239592 18520981 12158147 6235211 127623 816933 118895 698038 19618439 19618089 350 821486 821486 271044 271044 26842747 26842747 58578228 20256674 38139390 182164 810332 142406 667926 2838549 893788 1928722 16039 15496984 283728 15120079 93177 13709687 10371930 3335676 2081 4613340 2293783 2041245 278312 1201067 744061 455646 1360 21338241 21338241 50367675 44344721 6022954 10973591 75269 10898322 REPAIRS & MAINTENANCE 62856446 48814583 14041863 SUPPLIES 23016270 21333178 1632389 50703 BUSINESS EXPENSES 13393106 3927287 9297535 168284 OTHER STUDENT EXPENSES 8893212 5697794 3195005 413 -6908721 -4515420 -2404231 10930 775040231 478253306 293510234 3276691 12200 14819 298475436 411471085 156099490 161367411 317694 482122 139985151 146583822 1938241997 1099372275 827243707 838869722 434435981 566506351 10130707580 10681114425 183938591 194255330 12171215830 13000665087 105780489 78045222 142033688 136357642 553783809 568179761 944687728 951060881 1746285714 1733643506 X 10424930116 11267021581 10424930116 11267021581 12171215830 13000665087 X 152415740 688948669 727056 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 271044 271044 771173151 771444195 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 120369 167131 137205 271044 695749 250000 250000 250000 250000 1000000 1500000 519 0 0 519 598707 X X X X 0 38418747 1848731 4762986 788199 44242265 33734403 953897 4505925 775478 38418747 30211321 553320 3184637 214875 33734403 33710689 850496 -4016657 333207 30211321 23210910 5649296 5408822 558339 33710689 0.02000 0.98000 0.00000 0 1 1 164821105 164821105 1572808042 1023823142 548984900 114941740 75202773 39738967 85671110 346360 85324750 838869722 EQUITY 6695429000 F ABSOLUTE RETURN 3100704000 F REAL ASSETS 540256000 F OTHER 344725425 F 10681114425 WILDFIRE LEGAL CLAIMS ACCRUAL 855000000 ACCRUED POST RETIREMENT 54993728 DEFERRED COMPENSATION PLAN 10048966 SECURITY DEPOSITS 8715433 LEASE OPERATING 20717492 OTHER LIABILITIES 1585262 951060881 X PART III, LINE 4: ART COLLECTION THE KAMEHAMEHA SCHOOLS' FINE ARTS COLLECTION ("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. 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 COLLECTION SERVES AS A VALUABLE EDUCATIONAL RESOURCE FOR TEACHERS AND STUDENTS. THE ADMINISTRATION AND GOVERNANCE OF THE COLLECTION IS THE RESPONSIBILITY OF KAMEHAMEHA SCHOOLS' ENTERPRISE INFORMATION GOVERNANCE (EIG) DEPARTMENT. EIG WILL WORK WITH INTERNAL ADVISORY DEPARTMENTS, SUCH AS VISUAL ARTS, HERITAGE CENTER, AND KA'IWAKILOUMOKU, TO ALIGN THE EDUCATIONAL VALUE, CULTURAL SIGNIFICANCE, AND ARTISTIC MERIT OF THE COLLECTION WITH THE DEVELOPMENT AND ENFORCEMENT OF APPROPRIATE GOVERNANCE STANDARDS OF PRACTICE FOR FINE ART LIFECYCLE MANAGEMENT (FROM ACQUISITION TO DISPOSITION). 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: 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, 2025 AND 2024, MANAGEMENT BELIEVES THERE WERE NO SIGNIFICANT UNCERTAIN TAX POSITIONS. SCHEDULE D, PART V, LINES 2A AND 2B ENDOWMENT PRESENTATION AND PERCENTAGES: THE PERCENTAGE SHOWN AS BOARD DESIGNATED OR QUASI-ENDOWMENT REPRESENTS ENDOWMENT NET ASSETS WITHOUT DONOR RESTRICTIONS. THE PERCENTAGE SHOWN AS PERMANENT ENDOWMENT REPRESENTS ENDOWMENT NET ASSETS WITH DONOR RESTRICTIONS INCLUDING THOSE WITH TEMPORARY RESTRICTIONS. THIS IS CONSISTENT WITH THE PRESENTATION OF NET ASSETS ON THE AUDITED FINANCIAL STATEMENTS, WHICH ARE CLASSIFIED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 KAMEHAMEHA SCHOOLS DRAWS ITS STUDENTS FROM LOCAL COMMUNITIES AND FOLLOWS A RACIALLY NONDISCRIMINATORY POLICY AS TO STUDENTS IN ACCORDANCE WITH IRS GUIDANCE INCLUDING REV. PROC. 75-50, SECTION 4.03(2)(C). CENTRAL AMERICA AND THE CARIBBEAN INVESTMENTS 3120875766 EAST ASIA AND THE PACIFIC INVESTMENTS 8044076 EUROPE (INCLUDING ICELAND & GREENLAND) INVESTMENTS 16311203 NORTH AMERICA INVESTMENTS 2930822 SUB-SAHARAN AFRICA INVESTMENTS 152753240 0 0 0 0 0 0 3300915107 0 3300915107 1 0 1 1 1 1 STUDENT ACTIVITY 1163926 1163926 418527 1163926 1163926 418527 418527 745399 1 AFTER-SCHOOL ALL-STARS HAWAII 1523 KALAKAUA AVENUE HONOLULU HI 96826 274604870 501(C)(3) 160000 0 EDUCATIONAL SUPPORT AHA PUNANA LEO 96 PUUHONU PL HILO HI 96720 990226111 501(C)(3) 1412681 0 EDUCATIONAL SUPPORT AHAHUI O NA KAUKA ASSOCIATION OF NATIVE HAWAIIAN PHYSICIANS 677 ALA MOANA BLVD HONOLULU HI 96813 990337991 501(C)(3) 25000 0 EDUCATIONAL SUPPORT AKAULA SCHOOL 1000 KALAE HIGHWAY KAUNAKAKAI HI 96748 562393609 501(C)(3) 151400 0 EDUCATIONAL SUPPORT ALU LIKE 2969 MAPUNAPUNA PL SUITE 200 HONOLULU HI 96819 510151095 501(C)(3) 525311 0 EDUCATIONAL SUPPORT ALU LIKE INC 550 PAIEA STREET HONOLULU HI 96819 510151095 501(C)(3) 296947 0 EDUCATIONAL SUPPORT ASSETS SCHOOLS ONE OHANA NUI WAY HONOLULU HI 96818 996001152 501(C)(3) 258000 0 EDUCATIONAL SUPPORT AWAIAULU INC 2667 ANUU PLACE HONOLULU HI 96819 263841515 501(C)(3) 30000 0 EDUCATIONAL SUPPORT BIG ISLAND SUBSTANCE ABUSE COUNCIL 16-179 MELEKAHIWA STREET KEAAU HI 96749 990118043 501(C)(3) 202500 0 EDUCATIONAL SUPPORT BISHOP MUSEUM 1525 BERNICE STREET HONOLULU HI 96817 990161980 501(C)(3) 454393 0 EDUCATIONAL SUPPORT BOYS & GIRLS CLUB OF THE BIG ISLAND 100 KAMAKAHONU STREET HILO HI 96720 810575345 501(C)(3) 242000 0 EDUCATIONAL SUPPORT BOYS AND GIRLS CLUB OF HAWAII 1000 BISHOP STREET HONOLULU HI 96813 996005407 501(C)(3) 442430 0 EDUCATIONAL SUPPORT CHAMINADE UNIVERSITY OF HONOLULU MISC 3140 WAIALAE AVE HONOLULU HI 96816 990272261 501(C)(3) 1672131 0 EDUCATIONAL SUPPORT CONSORTIUM FOR HAWAII ECOLOGICAL 2040 BACHELOT STREET HONOLULU HI 96817 990353084 501(C)(3) 127444 0 EDUCATIONAL SUPPORT COUNCIL FOR NATIVE HAWAIIAN ADVANCEMENT 91-1207 KINOIKI STREET KAPOLEI HI 96707 910313383 501(C)(3) 340000 0 EDUCATIONAL SUPPORT EA ECOVERSITY PO BOX 431 HILO HI 96721 881408564 501(C)(3) 177000 0 EDUCATIONAL SUPPORT FRIENDS OF THE LEEWARD COAST PUBLIC 89-195 FARRINGTON HWY WAIANAE HI 96792 200090779 501(C)(3) 550000 0 EDUCATIONAL SUPPORT HAEYC 1806 S KING STEET HONOLULU HI 96826 237425746 501(C)(3) 170000 0 EDUCATIONAL SUPPORT HALAU KEALAOKAMAILE PO BOX 881040 PUKALANI HI 96788 990275732 501(C)(3) 700000 0 EDUCATIONAL SUPPORT HALELEA ARTS FOUNDATION 47-636 UAKEA PLACE KANEOHE HI 96744 800439325 501(C)(3) 25000 0 EDUCATIONAL SUPPORT HANA LAULIMA LAHUI O KAU INC PO BOX 839 NAALEHU HI 96772 990318869 501(C)(3) 87500 0 EDUCATIONAL SUPPORT HANA RETREAT PO BOX 489 HANA HI 96713 300131313 501(C)(3) 50000 0 EDUCATIONAL SUPPORT HAWAII ALLIANCE OF NONPROFIT 1020 SOUTH BERETANIA STREET HONOLULU HI 96814 990073497 501(C)(3) 150000 0 EDUCATIONAL SUPPORT HAWAII FARMERS UNION FOUNDATION PO BOX 1532 KAPAA HI 96746 475653259 501(C)(3) 45758 0 EDUCATIONAL SUPPORT HAWAII INVESTMENT READY 4545-A SIERRA DRIVE HONOLULU HI 96816 814611816 501(C)(3) 100000 0 EDUCATIONAL SUPPORT HAWAIIKIDSCAN PO BOX 450 KAILUA HI 96734 273069592 501(C)(3) 25000 0 EDUCATIONAL SUPPORT HOA AINA O MAKAHA 84-766 LAHAINA STREET WAIANAE HI 96792 990292821 501(C)(3) 117500 0 EDUCATIONAL SUPPORT HOALA AINA KUPONO PO BOX 300 304 KAAAWA HI 96730 800359663 501(C)(3) 133818 0 EDUCATIONAL SUPPORT HOMESTEAD COMMUNITY DEVELOPMENT CORP PO BOX 646 ANAHOLA HI 96703 272012662 501(C)(3) 162500 0 EDUCATIONAL SUPPORT HOOKAKOO CORPORATION 1360 S BERETANIA STREET HONOLULU HI 96814 760717301 501(C)(3) 892694 0 EDUCATIONAL SUPPORT HOOULU LAHUI 1437 KILAUEA AVENUE HILO HI 96720 990323345 501(C)(3) 309010 0 EDUCATIONAL SUPPORT HUI HOOLEIMALUO 2306 KALANIANAOLE AVENUE HILO HI 96720 822529777 501(C)(3) 562770 0 EDUCATIONAL SUPPORT HUI MALAMA I KE ALA ULILI PO BOX 6 PAAUILO HI 96776 371799081 501(C)(3) 137500 0 EDUCATIONAL SUPPORT HUI MALAMA O KE KAI FOUNDATION 41-477 HIHIMANU STREET WAIMANALO HI 96795 990356784 501(C)(3) 58050 0 EDUCATIONAL SUPPORT HUI O WA'A KAULUA PO BOX 330258 KAHULUI HI 967330258 990222917 501(C)(3) 72862 0 EDUCATIONAL SUPPORT I OLA LAHUI INC 1441 KAPIOLANI BLVD HONOLULU HI 96814 208924382 501(C)(3) 25000 0 EDUCATIONAL SUPPORT INSTITUTE FOR NATIVE PACIFIC EDUCATION & 1001 KAMOKILA BLVD KAPOLEI HI 96707 990315193 501(C)(3) 1465391 0 EDUCATIONAL SUPPORT ISLAND PACIFIC ACADEMY INC 909 HAUMEA ST KAPOLEI HI 96707 680534162 501(C)(3) 300000 0 EDUCATIONAL SUPPORT ISLAND SCHOOL 3-1875 KAUMUALII HWY LIHUE HI 96766 990171474 501(C)(3) 542500 0 EDUCATIONAL SUPPORT KA HULI O HALOA PO BOX 1159 KANEOHE HI 967441159 753115246 501(C)(3) 69840 0 EDUCATIONAL SUPPORT KA IPU MAKANI CULTURAL HERITAGE CENTER PO BOX 1077 KAUNAKAKAI HI 96748 474947135 501(C)(3) 42064 0 EDUCATIONAL SUPPORT KAALA FARM INC PO BOX 630 WAIANAE HI 96792 990242181 501(C)(3) 146820 0 EDUCATIONAL SUPPORT KAHUA PAA MUA INC PO BOX 896 KAPAAU HI 967550896 453682506 501(C)(3) 119000 0 EDUCATIONAL SUPPORT KAI LOA INC 46-500 KUNEKI ST KANEOHE HI 96744 201632545 501(C)(3) 131241 0 EDUCATIONAL SUPPORT KAKOO OIWI PO BOX 5307 KANEOHE HI 96744 571236490 501(C)(3) 675000 0 EDUCATIONAL SUPPORT KALANIHALE 89-1831 MILOLII ROAD CAPTAIN COOK HI 96704 460840554 501(C)(3) 85189 0 EDUCATIONAL SUPPORT KANU O KA AINA LEARNING OHANA PO BOX 6511 KAMUELA HI 96743 990352665 501(C)(3) 499066 0 EDUCATIONAL SUPPORT KAUAHEA INC PO BOX 947 KILAUEA HI 96754 842027061 501(C)(3) 87500 0 EDUCATIONAL SUPPORT KAUAI PLANNING AND ACTION ALLIANCE 2959 UMI STREET LIHUE HI 96766 201579949 501(C)(3) 125000 0 EDUCATIONAL SUPPORT KAULUAKALANA PO BOX 833 KAILUA HI 96734 833612121 501(C)(3) 160500 0 EDUCATIONAL SUPPORT KAUNALEWA PO BOX 334 KEKAHA HI 967520334 851616385 501(C)(3) 341905 0 EDUCATIONAL SUPPORT KE KULA NUI O WAIMANALO PO BOX 723 WAIMANALO HI 96794 823955043 501(C)(3) 87500 0 EDUCATIONAL SUPPORT KE KULA O PIILANI PO BOX 1934 WAILUKU HI 96793 812656151 501(C)(3) 931000 0 EDUCATIONAL SUPPORT KEAUKAHA ONE YOUTH DEVELOPMENT 67 KEOKEA LOOP HILO HI 96720 205386779 501(C)(3) 177500 0 EDUCATIONAL SUPPORT KEIKI O KA AINA PRESCHOOL INC 3097 KALIHI STREET HONOLULU HI 968193022 990327534 501(C)(3) 408000 0 EDUCATIONAL SUPPORT LONOA HONUA LLC 1114 AUWAE ROAD HILO HI 96720 850683057 100000 0 EDUCATIONAL SUPPORT PARKWAY VILLAGE PRESCHOOL 689 MANAWAI STREET UNIT E114 KAPOLEI HI 96707 990266482 GOVT ENTITY 1081102 0 EDUCATIONAL SUPPORT KOKUA KALIHI VALLEY COMPREHENSIVE 2239 NORTH SCHOOL STREET HONOLULU HI 96819 990149797 501(C)(3) 771514 0 EDUCATIONAL SUPPORT KUALOA-HEEIA ECUMENICAL YOUTH PROJECT 47-200 WAIHEE RD KANEOHE HI 96744 990118209 501(C)(3) 130000 0 EDUCATIONAL SUPPORT KUMANO I KE ALA O MAKAWELI PO BOX 181 WAIMEA HI 96796 473180959 501(C)(3) 102500 0 EDUCATIONAL SUPPORT KUULANI KEOHOKALOLE 45-447 KANEOHE BAY DRIVE KANEOHE HI 96744 833483643 501(C)(3) 93194 0 EDUCATIONAL SUPPORT LAIOPUA 2020 PO BOX 1764 KAILUA KONA HI 96745 562638917 501(C)(3) 195540 0 EDUCATIONAL SUPPORT LALAKEA FOUNDATION 2106 KAIWIKI ROAD HILO HI 96720 943272419 501(C)(3) 25000 0 EDUCATIONAL SUPPORT LANAI CULTURE & HERITAGE CENTER PO BOX 631500 LANAI CITY HI 96763 760847875 501(C)(3) 77190 0 EDUCATIONAL SUPPORT LEADERSHIP IN DISABILITIES & ACHIEVEMENT 245 N KUKUI STREET 205 HONOLULU HI 96817 990119223 501(C)(3) 177500 0 EDUCATIONAL SUPPORT LHES FOUNDATION PO BOX 630633 LANAI CITY HI 96763 453680782 501(C)(3) 83500 0 EDUCATIONAL SUPPORT MA KA HANA KA IKE BUILDING PROGRAM PO BOX 968 HANA HI 96713 020556883 501(C)(3) 248385 0 EDUCATIONAL SUPPORT MAKAPUU BODYBOARDING CLUB 41-256 NAKINI STREET WAIMANALO HI 96795 872084983 501(C)(3) 72500 0 EDUCATIONAL SUPPORT MALAMA HONUA PUBLIC CHARTER SCHOOL 41-054 EHUKAI STREET WAIMNALO HI 96795 465734248 501(C)(3) 119596 0 EDUCATIONAL SUPPORT MALAMA HULEIA PO BOX 662092 LIHUE HI 96766 471610214 501(C)(3) 90850 0 EDUCATIONAL SUPPORT MALAMA LEARNING CENTER PO BOX 1662 HONOLULU HI 968061662 200442056 501(C)(3) 247150 0 EDUCATIONAL SUPPORT MALAMA LOKO EA FOUNDATION PO BOX 553 HALEIWA HI 96712 271307663 501(C)(3) 119400 0 EDUCATIONAL SUPPORT MAUI ECONOMIC DEVELOPMENT BOARD INC 1305 N HOLOPONO STREET KIHEI HI 96753 990226377 501(C)(3) 310000 0 EDUCATIONAL SUPPORT MAUKA TO MAKAI MAKAHA FOUNDATION INC 84-814 MOUA STREET MAKAHA HI 96792 861745283 501(C)(3) 264500 0 EDUCATIONAL SUPPORT MAULIOLA KEEHI 94-115 PUANANE LOOP MILILANI HI 96789 834690376 501(C)(3) 112350 0 EDUCATIONAL SUPPORT MOLOKAI COMMUNITY SERVICE COUNCIL INC PO BOX 2047 KAUNAKAKAI HI 96748 237426312 501(C)(3) 60000 0 EDUCATIONAL SUPPORT NA KAHU O HOAI INC PO BOX 715 LAWAI HI 96765 833691468 501(C)(3) 112500 0 EDUCATIONAL SUPPORT NA KALAI WAA MOKU O KEAWE 65-1206 MAMALAHOA HWY BLD 1 SUITE 101 KAMUELA HI 96743 990304846 501(C)(3) 772440 0 EDUCATIONAL SUPPORT NA MAKA HALOA O WAIPIO PO BOX 4001 HILO HI 96720 912079670 501(C)(3) 86960 0 EDUCATIONAL SUPPORT NA MAKA ONAONA PO BOX 947 KILAUEA HI 96754 842027061 501(C)(3) 227988 0 EDUCATIONAL SUPPORT NA MAMO ALOHA AINA O HONOKOHAU PO BOX 12022 LAHAINA HI 96761 843838841 501(C)(3) 103750 0 EDUCATIONAL SUPPORT NA PUUWAI PO BOX 130 KAUNAKAKAI HI 96748 990255760 501(C)(3) 25000 0 EDUCATIONAL SUPPORT NATIONAL TROPICAL BOTANICAL GARDEN 3530 PAPALINA ROAD KALAHEO HI 967419599 526057064 501(C)(3) 146598 0 EDUCATIONAL SUPPORT NATIVE NATIONS EDUCATION FOUNDATION PO BOX 2478 HILO HI 96720 481307077 501(C)(3) 261909 0 EDUCATIONAL SUPPORT NURTURE CULTIVATE INC 200 N VINEYARD BLVD HONOLULU HI 96817 861661578 501(C)(3) 125408 0 EDUCATIONAL SUPPORT PAPA KU MANA 2101 MAKIKI HEIGHTS DRIVE HONOLULU HI 96822 472189065 501(C)(3) 110000 0 EDUCATIONAL SUPPORT PAPAHANA ALOHA AINA HAWAII 47-527 HENOHENO STREET KANEOHE HI 96744 834084667 501(C)(3) 146200 0 EDUCATIONAL SUPPORT PAPAHANA KUAOLA 46-403 HAIKU ROAD KANEOHE HI 96744 202565007 501(C)(3) 148852 0 EDUCATIONAL SUPPORT PARENTS AND CHILDREN TOGETHER 1300 HALONA STREET HONOLULU HI 96817 990119678 501(C)(3) 60000 0 EDUCATIONAL SUPPORT PARTNERS IN DEVELOPMENT FOUNDATION 2040 BACHELOT STREET HONOLULU HI 96817 943271325 501(C)(3) 1617498 0 EDUCATIONAL SUPPORT PATCH - PEOPLE ATTENTIVE TO CHILDREN 560 N NIMITZ HWY HONOLULU HI 96817 990167464 501(C)(3) 125000 0 EDUCATIONAL SUPPORT POUHANA CONSULTATION SERVICES 95-216 AUINA PLACE MILILANI HI 96789 883531527 99910 0 EDUCATIONAL SUPPORT PURPLE MAIA FOUNDATION 98-820 MOANALUA ROAD 15-547 AIEA HI 96701 464326249 501(C)(3) 642847 0 EDUCATIONAL SUPPORT ST ANDREW'S SCHOOLS 224 QUEEN EMMA SQUARE HONOLULU HI 96813 990073525 501(C)(3) 529000 0 EDUCATIONAL SUPPORT ST LOUIS SCHOOL 3142 WAIALAE AVENUE HONOLULU HI 96816 990272260 501(C)(3) 1847100 0 EDUCATIONAL SUPPORT STATE OF HAWAIIDOEKAU-KEAAU-PAHOA CMP PO BOX 2360 HONOLULU HI 96804 990266482 GOVT ENTITY 22088 0 EDUCATIONAL SUPPORT STATE OF HAWAIIDOEOAHUHONOLULU DIST PO BOX 2360 HONOLULU HI 96804 990266482 GOVT ENTITY 96347 0 EDUCATIONAL SUPPORT STATE OF HAWAIIDOEOAHUWINDWARD DIST PO BOX 2360 HONOLULU HI 96804 990266482 GOVT ENTITY 86539 0 EDUCATIONAL SUPPORT SUPPORTING THE LANGUAGE OF KAUAI INC 3-1821J KAUMUALII HWY LIHUE HI 96766 204088998 501(C)(3) 175935 0 EDUCATIONAL SUPPORT THE ESTRIA FOUNDATION 484 LAKE PARK AVE 667 OAKLAND CA 94610 273639013 501(C)(3) 428685 0 EDUCATIONAL SUPPORT THE KOHALA CENTER INC PO BOX 437462 KAMUELA HI 97643 990354676 501(C)(3) 247632 0 EDUCATIONAL SUPPORT THE WAIPA FOUNDATION PO BOX 1189 HANALEI HI 96714 990313224 501(C)(3) 84730 0 EDUCATIONAL SUPPORT ULU AE LEARNING CENTER 1120 KAKALA STREET 503 KAPOLEI HI 96707 465123215 501(C)(3) 228446 0 EDUCATIONAL SUPPORT UNIVERSITY OF HAWAII FOUNDATION 1314 SOUTH KING STREET HONOLULU HI 96814 990085260 501(C)(3) 790000 0 EDUCATIONAL SUPPORT UNIVERSITY OF HAWAII MISC 2440 CAMPUS ROAD HONOLULU HI 968222234 996000354 501(C)(3) 1015634 0 EDUCATIONAL SUPPORT WAIANAE COMMUNITY RE-DEVELOPMENT CORP PO BO 441 WAIANAE HI 96792 990350803 501(C)(3) 421095 0 EDUCATIONAL SUPPORT WAIMANALO HEALTH CENTER 41-1347 KALANIANAOLE HIGHWAY WAIMANALO HI 96795 990273205 501(C)(3) 12500 0 EDUCATIONAL SUPPORT YMCA OF HAWAII ISLAND 145 ULULANI STREET HILO HI 96720 990079762 501(C)(3) 400000 0 EDUCATIONAL SUPPORT KE ALI'I PAUAHI FOUNDATION 567 S KING ST HONOLULU HI 96813 943263044 501(C)(3) 411046 0 ADMIN SUPPORT 107 2 SCHOLARSHIPS - PRESCHOOL 1074 13919404 SCHOLARSHIPS - K-12 565 8033975 SCHOLARSHIPS - POST-HIGH 2385 10205408 STIPENDS - POST-HIGH 90 213000 FIN. AID - KS STUDENTS PK-12 & SUMMER SCHOOL 7649 37716629 PART I, LINE 2: 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 REGULAR CHECK-INS WITH GRANTEES AND MAY PERIODICALLY CHOOSE TO CONDUCT SITE VISITS TO HELP ENSURE THE OBJECTIVES OF THE GRANT ARE ACHIEVED AND ADDRESS ANY CHALLENGES/ISSUES ON A TIMELY BASIS. GRANTS TO INDIVIDUALS: (I) SCHOLARSHIPS: SCHOLARSHIPS ARE AWARDED TO STUDENTS WHO MEET ELIGIBILITY CRITERIA. FUNDS ARE DISBURSED DIRECTLY TO THE STUDENT'S ENROLLED SCHOOL AND APPLIED AGAINST THE COST OF ATTENDANCE. ANY UNUSED FUNDS ARE RETURNED TO KS. FOR COLLEGE SCHOLARSHIPS, PO'O KULA AWARDS MAY ALSO BE DISBURSED DIRECTLY TO THE AWARDEE TO COVER SCHOOL-RELATED COSTS SUCH AS TUITION, BOOKS, TRAVEL, HOUSING. (II) STIPENDS: STIPENDS ARE AWARDED AND DISBURSED DIRECTLY TO STUDENTS UPON COMPLETION OF HOURS THROUGH AN APPROVED INTERNSHIP, WHICH IS COORDINATED AND MONITORED BY KS STAFF. (III) FINANCIAL AID: FINANCIAL AID IS AWARDED ON A NON-DISCRIMINATORY BASIS TO CURRENTLY ENROLLED STUDENTS OF KS' PREK-12 PROGRAMS WHO DEMONSTRATE FINANCIAL NEED. THESE FUNDS COVER THE COST OF KS TUITION, MEALS, AND TRANSPORTATION. X X 1 1 X X X 0 1 0 0 0 0 0 1 0 TIMOTHY DONOHUE CIO 1090405 0 1295959 0 2862 0 55950 0 22118 0 2467294 0 0 0 L JACK WONG CEO 834226 0 599200 0 120624 0 140059 0 27822 0 1721931 0 0 0 BURTON YUEN MANAGING DIR. - FIN'L ASSETS 673258 0 500000 0 3564 0 55650 0 23414 0 1255886 0 0 0 CHRISTOPHER PICCIONE COO, FINANCIAL ASSETS 488507 0 430000 0 1242 0 56400 0 29936 0 1006085 0 0 0 JON IWATANI MANAGING DIR. - FIN'L ASSETS 519705 0 400000 0 3744 0 56386 0 11993 0 991828 0 0 0 DAVID AMES MANAGING DIR. - FIN'L ASSETS 443675 0 400000 0 486 0 51587 0 9710 0 905458 0 0 0 JEFF HEIDSIECK MANAGING DIR. - FIN'L ASSETS 443766 0 370000 0 3606 0 56566 0 1223 0 875161 0 0 0 DARREL HOKE EVP - ADMINISTRATION 497397 0 50085 0 2328 0 53742 0 29219 0 632771 0 0 0 TARAN CHUN HEAD OF SCHOOL - KSK UNTIL 3/25 416965 0 41895 0 1359 0 42262 0 26767 0 529248 0 0 0 BENJAMIN SALAZAR VP OF FINANCE & CFO 405362 0 41000 0 1962 0 41620 0 28124 0 518068 0 0 0 M NALANI FUJIMORI KAINA GENERAL COUNSEL & VP 424352 0 42000 0 1782 0 34986 0 9638 0 512758 0 0 0 T KA'EO DUARTE VP OF AINA PAUAHI 422224 0 29750 0 1782 0 32732 0 25621 0 512109 0 0 0 MIA OKINAGA VP, INTERNAL AUDIT 401323 0 0 0 2322 0 51386 0 11316 0 466347 0 0 0 WALTER THOEMMES FMR MAN DIR COMM RE 387037 0 0 0 2322 0 41212 0 25261 0 455832 0 0 0 M KAHEALANI NAE'OLE-WONG HEAD OF SCHOOL - BIG ISLAND 346312 0 35280 0 3042 0 37965 0 30474 0 453073 0 0 0 M WAI'ALE'ALE ARROYO VP-HI'IALO/INT HEAD OF SCHOOL - KSK 320404 0 32634 0 1332 0 35194 0 29592 0 419156 0 0 0 SCOTT PARKER HEAD OF SCHOOL - MAUI 337391 0 33421 0 1782 0 36556 0 9917 0 419067 0 0 0 KEHAU ABAD VP OF S & E 297323 0 30000 0 3168 0 18014 0 24206 0 372711 0 0 0 SHELLI KIM INT VP - HI'IALO FROM 3/25 285504 0 0 0 1578 0 28193 0 10400 0 325675 0 0 0 SABRINA TOMA FORMER INT GENERAL COUNSEL & VP 250936 0 0 0 3588 0 25450 0 27287 0 307261 0 0 0 ANDREA KANNO-KALAMA FORMER INT VP COMM & CCO 221541 0 0 0 679 0 20571 0 9559 0 252350 0 0 0 CARRIE SHODA-SUTHERLAND FORMER INTERIM VP S&T 186595 0 0 0 480 0 20408 0 28737 0 236220 0 0 0 ELLIOT MILLS CHAIR/TRUSTEE 222826 0 0 0 0 0 0 0 0 0 222826 0 0 0 MICHELLE KA'UHANE TRUSTEE 179330 0 0 0 0 0 0 0 0 0 179330 0 0 0 JENNIFER GOODYEAR-KA'OPUA TRUSTEE 174330 0 0 0 0 0 0 0 0 0 174330 0 0 0 ROBERT NOBRIGA TRUSTEE 166830 0 0 0 0 0 0 0 0 0 166830 0 0 0 CRYSTAL ROSE TRUSTEE 161830 0 0 0 0 0 0 0 0 0 161830 0 0 0 PART I, LINE 1A THE HEAD OF SCHOOL FOR KAPALAMA CAMPUS IS PROVIDED HOUSING IN ACCORDANCE WITH SECTION 119 OF THE CODE BECAUSE THOSE IN THIS POSITION ARE REQUIRED TO LIVE ON CAMPUS AS A CONDITION OF EMPLOYMENT. THE RESIDENCE IS NOT TREATED AS TAXABLE COMPENSATION. IN ACCORDANCE WITH KS' TRAVEL POLICIES, TWO TRUSTEES, ONE KEY EMPLOYEE, AND THE TOP FIVE HIGHEST PAID EMPLOYEES FLEW FIRST CLASS FOR BUSINESS TRIPS THAT WERE TAKEN SOLELY TO FURTHER KS' CHARITABLE MISSION. THIS BENEFIT WAS PROPERLY TREATED AS NONTAXABLE. PART I, LINE 4B L. "JACK" WONG RECEIVED A CONTRIBUTION OF $83,659 TO HIS SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN IN CALENDAR YEAR 2024. THIS AMOUNT IS INCLUDED IN COLUMN C OF SCHEDULE J, PART II. PART I, LINE 7 THE CEO AND CURRENT OFFICERS' PERFORMANCE AND ACCOMPLISHMENTS ARE REVIEWED AND EVALUATED EACH YEAR BY THE BOARD OF TRUSTEES, WHO, AT THEIR DISCRETION, MAY PROVIDE A BONUS PAYMENT TO THE CEO AND/OR CURRENT OFFICERS COMMENSURATE WITH SUCH PERFORMANCE AND ACCOMPLISHMENTS. THE PERFORMANCE AND ACCOMPLISHMENTS OF OTHER EMPLOYEES ARE REVIEWED AND EVALUATED EACH YEAR BY THE CEO, WHO, AT HIS DISCRETION, MAY PROVIDE A BONUS PAYMENT TO OTHER EMPLOYEES COMMENSURATE WITH SUCH PERFORMANCE AND ACCOMPLISHMENTS. SCHEDULE J, PART II, COLUMN (B)(II) CERTAIN INVESTMENT PROFESSIONALS RESPONSIBLE FOR THE INVESTMENT PORTFOLIO HAVE A PORTION OF THEIR COMPENSATION PLACED 'AT RISK AND AWARDED ONLY WHEN SPECIFIC INVESTMENT RETURN BENCHMARKS ARE MET OR EXCEEDED. INCENTIVE COMPENSATION IS BASED ON THE PORTFOLIO'S PRIOR FISCAL YEARS' PERFORMANCE, AND IT IS AWARDED IN THE CURRENT FISCAL YEAR. THE 'AT RISK' COMPENSATION PLAN IS ALIGNED WITH ENDOWMENT INDUSTRY STANDARDS. KAWIKA ROSE SEE PART V 152282 SEE PART V 0 SCHEDULE L, PART IV, COLUMN (B) KAWIKA ROSE IS AN EMPLOYEE OF THE ORGANIZATION AND FAMILY MEMBER OF CRYSTAL ROSE, A TRUSTEE OF THE ORGANIZATION. SCHEDULE L, PART IV, COLUMN (D) DESCRIPTION OF TRANSACTION: COMPENSATION FORM 990, PART III, LINE 4A, DESCRIPTION OF PROGRAM SERVICE: FOR THE FISCAL YEAR ENDING JUNE 30, 2025, KAMEHAMEHA SCHOOLS' TOTAL EDUCATIONAL SPEND WAS $530 MILLION. EDUCATIONAL SPENDING AND LEARNERS SERVED INCLUDE: CAMPUSES: $311 MILLION SERVING 7,226 LEARNERS, AS FOLLOWS: - 30 PRESCHOOLS: $48 MILLION SERVING 1,683 LEARNERS. - K-12 CAMPUSES: $263 MILLION SERVING 5,543 LEARNERS FROM KAMEHAMEHA SCHOOLS HAWAI'I (1,190 LEARNERS), KAMEHAMEHA SCHOOLS MAUI (1,141 LEARNERS), AND KAMEHAMEHA SCHOOLS KAPALAMA (3,212 LEARNERS). COMMUNITY EDUCATION: $94.2 MILLION SERVING 47,873 LEARNERS, AS FOLLOWS: SCHOLARSHIPS: $32.8 MILLION SERVING 4,114 LEARNERS, INCLUDING: - $10.3 MILLION FOR EARLY LEARNING SCHOLARSHIPS SERVING 1,074 LEARNERS; - $4.8 MILLION FOR K-12 SCHOLARSHIPS SERVING 535 LEARNERS; AND - $17.7 MILLION FOR POST-HIGH SCHOLARSHIPS SERVING 2,505 LEARNERS. COMMUNITY INVESTMENTS: $61.4 MILLION SERVING 43,759 LEARNERS, INCLUDING: - $34.6 MILLION FOR INVESTMENTS IN 118 COMMUNITY ORGANIZATIONS SERVING 36,231 LEARNERS; AND - $26.8 MILLION FOR COMMUNITY ENGAGEMENTS, INTERNSHIPS, COLLEGE & CAREER COUNSELING, LEADERSHIP, AND OTHER PROGRAMMING SERVING 7,528 LEARNERS. OTHER EDUCATIONAL SPENDING: $125 MILLION FOR EDUCATIONAL INFRASTRUCTURE AND COSTS, INCLUDING CAPITAL, DEBT FINANCING AND RESERVES, AND SUPPORT SERVICES. THIS ALSO INCLUDES FINANCIAL AID AND WAIVERS OF $37.7 MILLION SERVING 5,770 LEARNERS (FROM OUR PRESCHOOLS AND K-12 CAMPUSES), AND ADDITIONAL COMMUNITY LEARNERS SERVED THROUGH VARIOUS EDUCATION PROGRAMS (3,021) AND 'AINA PAUAHI PROGRAMS (32,009). ADDITIONALLY, KAMEHAMEHA SCHOOLS (I) INVESTED $57.7 MILLION (NET OF AGRICULTURE RENTS) TO STEWARD AGRICULTURAL AND CONSERVATION 'AINA ACROSS HAWAI'I, AND (II) SUPPORTED AND CONTRIBUTED-ALONGSIDE MANY OTHERS-TO HEALING, RECOVERY, RESOLUTION, AND RESTORATION EFFORTS FOLLOWING THE LAHAINA WILDFIRES. FORM 990, PART VI, SECTION A, LINE 2 BISHOP HOLDINGS CORPORATION - ELLIOT MILLS, CRYSTAL ROSE, JENNIFER GOODYEAR-KA'OPUA, MICHELLE KA'UHANE, AND ROBERT NOBRIGA (BUSINESS RELATIONSHIP - BISHOP HOLDINGS CORPORATION IS A SUBSIDIARY OF PARENT ORGANIZATION KAMEHAMEHA SCHOOLS AND THESE INDIVIDUALS SERVED ON THE BOARD) KAMEHAMEHA INVESTMENT CORPORATION - ELLIOT MILLS, CRYSTAL ROSE, JENNIFER GOODYEAR-KA'OPUA, MICHELLE KA'UHANE, AND ROBERT NOBRIGA (BUSINESS RELATIONSHIP - KAMEHAMEHA INVESTMENT CORPORATION IS A 2ND TIER SUBSIDIARY OF KAMEHAMEHA SCHOOLS AND THESE INDIVIDUALS SERVED ON THE BOARD) PAUAHI MANAGEMENT CORPORATION - ELLIOT MILLS, CRYSTAL ROSE, JENNIFER GOODYEAR-KA'OPUA, MICHELLE KA'UHANE, AND ROBERT NOBRIGA (BUSINESS RELATIONSHIP - PAUAHI MANAGEMENT CORPORATION IS A 2ND TIER SUBSIDIARY OF KAMEHAMEHA SCHOOLS AND THESE INDIVIDUALS SERVED ON THE BOARD) FORM 990, PART VI, SECTION B, 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 THE TAX DEPARTMENT AND CONTROLLER'S DIVISION; (2) THE RETURN IS REVIEWED BY THE VICE PRESIDENT OF LEGAL, THE VICE PRESIDENT OF FINANCE AND CHIEF FINANCIAL OFFICER, COMMUNICATIONS DIVISION, AND THE CHIEF INVESTMENT OFFICER; (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 FOR FINAL APPROVAL. FORM 990, PART VI, SECTION B, 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, SECTION B, LINE 15 THE CEO'S COMPENSATION IS APPROVED EACH YEAR BY THE BOARD OF TRUSTEES. AS PART OF THE APPROVAL PROCESS, THE HUMAN RESOURCE DIVISION OF KS PREPARES AN INTERNAL DOCUMENT (A REQUEST FOR APPROVAL, THE "RFA") FOR THE TRUSTEES' 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 REVIEW THE RFA, DELIBERATE AND MAKE 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, SECTION C, 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. THE CONFLICT OF INTEREST POLICY IS NOT AVAILABLE TO THE PUBLIC. 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 KEY EMPLOYEES. THE AVERAGE HOURS THAT THE TRUSTEES SPEND ON KAMEHAMEHA SCHOOLS BUSINESS MATTERS RANGES FROM 10-20 HOURS PER WEEK, WHICH INCLUDES ATTENDANCE AT THEIR REGULAR MEETINGS AND MEETINGS OF THE AUDIT COMMITTEE, AS WELL AS PARTICIPATION AND ATTENDANCE AT OTHER SCHOOL EVENTS SUCH AS GRADUATION, SCHOOL PERFORMANCES, ATHLETIC EVENTS, CULTURAL ENGAGEMENTS, AND ALUMNI EVENTS. IN ADDITION, AS AMBASSADORS OF KAMEHAMEHA SCHOOLS, THE TRUSTEES MAY DEVOTE ADDITIONAL TIME TO VARIOUS COMMUNITY LAHUI EVENTS AND ACTIVITIES. THE ACTUAL NUMBER OF HOURS PER WEEK DEVOTED TO RELATED ORGANIZATIONS BY ALL PERSONS LISTED IN PART VII RANGE FROM LESS THAN ONE HOUR PER WEEK TO TWO HOURS PER WEEK PER RELATED ORGANIZATION. FORM 990, PART XI, LINE 9: EQUITY IN EARNINGS OF SUBSIDIARIES 2,975,811. CUM. EFFECT OF CHANGE IN ACCOUNTING PRINCIPLES -2,248,755. 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 745 FORT STREET HONOLULU HI 96813 990315757 INSURANCE HI 4570723 18331139 TRUSTEES OF THE ESTATE OF BERNICE PAUAHI BISHOP KALOKO'ELI PROPERTIES LLC 567 S KING ST 200 HONOLULU HI 96813 475464058 REAL ESTATE HI 1791962 19447310 TRUSTEES OF THE ESTATE OF BERNICE PAUAHI BISHOP GE HAWAII BLOCK A2 HOLDING LLC 567 S KING ST 200 HONOLULU HI 96813 811329814 INVESTMENTS DE 6778634 70902936 TRUSTEES OF THE ESTATE OF BERNICE PAUAHI BISHOP GE HAWAII BLOCK A2 LLC 567 S KING ST 200 HONOLULU HI 96813 320466906 INVESTMENTS DE 6778634 70902936 GE HAWAII BLOCK A2 HOLDING LLC KE ALI'I PAUAHI FOUNDATION 567 S KING ST 160 HONOLULU HI 96813 943263044 FUNDRAISING HI 501(C)(3) 12A, I TRUSTEES OF THE ESTATE OF BERNICE PAUAHI BISHOP 1 CHARLES REED BISHOP TRUST PO BOX 3466 HONOLULU HI 96801 996005262 SUPPORT ORG. HI 501(C)(3) 12D, III-O TRUSTEES OF THE ESTATE OF BERNICE PAUAHI BISHOP 1 SINO FINANCE GROUP LLC PO BOX 3466 HONOLULU HI 96801 990324938 INTL BUS IN CHINA DE KS EXCLUDED 676830 6679580 0 0 0.90480 KAYNE KS CREDIT FUND LP 1800 AVE OF THE STARS LOS ANGELES CA 90067 352507517 INVESTMENTS DE KS EXCLUDED -377850 15344666 0 0 0.99670 CRESCENTKAMEHAMEHA SCHOOLS PARTNERSHIP 1100 SANTA MONICA BLVD LOS ANGELES CA 90401 464668874 INVESTMENTS DE KS EXCLUDED 358962 45748080 0 0 0.99980 KURAMO AFRICA OPPORTUNITY FUND LP 500 5TH AVE NEW YORK NY 10110 452495612 INVESTMENTS DE KS EXCLUDED -875007 9378147 0 0 0.83630 ORION MINE FINANCE (DELAWARE) FUND I-A LP 1211 AVE OF THE AMERICAS NEW YORK NY 10036 465243062 INVESTMENTS DE KS EXCLUDED 4162189 4345145 0 0 0.64210 CSKS OPPORTUNITIES FUND LP 575 LEXINGTON AVE NEW YORK NY 10022 824067070 INVESTMENTS DE KS EXCLUDED 9017270 11661930 0 476979 0 0.95630 KSOH LLC 2003 WESTERN AVE SEATTLE WA 98121 834182235 INVESTMENTS DE KS EXCLUDED 2688114 26540129 0 0 0.98900 KSBCS FUND LP 209 ORANGE ST WILMINGTON DE 19801 882425768 INVESTMENTS DE KS EXCLUDED 43234 3075542 0 -13504 0 1.00000 BISHOP HOLDINGS CORPORATION 567 S KING ST 150 HONOLULU HI 96813 990335777 HOLDING COMPANY HI KS C 510129 15775990 1.00000 1 PAUAHI MANAGEMENT CORPORATION 567 S KING ST 150 HONOLULU HI 96813 990335778 PROPERTY MGMT HI BISHOP HOLDINGS CORPORATION C 1 KAMEHAMEHA INVESTMENT CORPORATION 567 S KING ST 150 HONOLULU HI 96813 990115292 RE DEV/INVESTMENT HI BISHOP HOLDINGS CORPORATION C 1 KBH INC 567 S KING ST 150 HONOLULU HI 96813 990334862 RE ASSET MGMT HI PAUAHI MANAGEMENT CORPORATION C 1 KEAUHOU COMMUNITY SERVICES INC 567 S KING ST 150 HONOLULU HI 96813 990291186 WASTEWATER TRMT HI KAMEHAMEHA INVESTMENT CORPORATION C 1 KAUPULEHU FOUNDATION 567 S KING ST 200 HONOLULU HI 96813 462780038 LAND MANAGEMENT HI KS C 169550 138821 1.00000 1 KAIAULU'O KAKA'AKO OWNERS ASSOC INC PO BOX 3466 HONOLULU HI 96801 472928115 OWNER ASSOCIATION HI KS C 390346 386730 1.00000 1 KAMVUS FUND BLK 6 INT FIN SVCS CTR DUBLIN EI EI-1 INVESTMENTS EI KS C 94380602 336179156 1.00000 1 0 1 1 0 0 0 0 0 0 0 1 1 0 1 1 1 0 0 0 KE ALI'I PAUAHI FOUNDATION B 411046 BOOK VALUE KE ALI'I PAUAHI FOUNDATION C 524418 BOOK VALUE KE ALI'I PAUAHI FOUNDATION L 450000 BOOK VALUE KAMEHAMEHA INVESTMENT CORPORATION L 169284 BOOK VALUE KAYNE KS CRDT FD LP C 12698103 BOOK VALUE CRESCENTKS PTNRSHP C 9106668 BOOK VALUE CSKS OPPS FUND LP C 1646849 BOOK VALUE KAMVUS FUND C 46903150 BOOK VALUE KURAMO AFRC OPP FD C 243143 BOOK VALUE KSBCS FUND LP C 3800000 BOOK VALUE