Island School FY2021 filing

Tax-deductible

Lihue, HI501(c)(3)Since 1977EducationEIN 99-0171474Revenue $7.7M in FY2021

On file with the IRSischool.org3-1875 Kaumualii Hwy, 96766-9561 · Lihue, HITax-exempt since Jul 1976School — 170(b)(1)(A)(ii)

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To prepare our students to live productive, fulfilling lives as confident, responsible life-long learners and contributing members of society; to express fully the talents of our faculty and administration through a challenging curriculum that prepares students for successful higher education; to provide a safe, nurturing environment that fosters creativity, critical thinking, initiative and respect for self and others.

501(c)(3) charity; gifts are tax-deductible.
69¢ of each $1 spent went to programs.
$71K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $1.2M a year · 15% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
69%
of spending
Fine: 69% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$71K
to officers and key staff · 1% of spending
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
7 mo
of spending, in cash
Looks good: 7.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
5
named funders · $2.3M
Looks good: 5 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$6.0M
31% of total assets
Looks good: liabilities are 31% of assets; 50% or less.
Pt X · Ln 26
Independent board members
18
of 19 voting members
Looks good: 18 of 19 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$7.7M
+7% vs prior year
Spent
$5.9M
To programs
69%
Net assets
$13.2M
By yearFY2020–FY2024
Revenue
$7.7M
FY2021▲ +7%
Tap a bar for its year
Revenue by fiscal year
FY2020$7.2M
FY2021$7.7M
FY2022$8.2M
FY2023$9.5M
FY2024$9.6M
FY2024$11.2M
Expenses
$5.9M
FY2021▼ -6%
Tap a bar for its year
Expenses by fiscal year
FY2020$6.3M
FY2021$5.9M
FY2022$6.9M
FY2023$7.7M
FY2024$9.2M
FY2024$9.1M
Net assets
$13.2M
FY2021▲ +18%
Tap a bar for its year
Net assets by fiscal year
FY2020$11.2M
FY2021$13.2M
FY2022$14.2M
FY2023$16.1M
FY2024$16.9M
FY2024$19.3M

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 1976.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

69 cents of each dollar spent went to programs.

Program services 69% · $4.1M Management & general 31% · $1.9M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

20 people listed on the 990; $71K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Head of School/ Principal
$70,918Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Asst. Treasurer
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Asst. Secretary
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A

Nancy Nagramada’s $228K as Head of Scho is at the 47th percentile of top reported officer pay among 3683 $10–100M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 5 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Nancy Nagramada$228,224$116,778————
L Shannon Graves—————$156,397
Kate Conway———$145,373$70,918—
Vincent Durnan——$116,800———
Colby Ayonon—$1,000————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Island School executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Prepares Kauai's youth to lead significant lives through education and inspiration.

Provided by the organization

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1 program · $4.1M · in their own filed words · FY2020
01

Pre- kindergarten thru twelfth grade school operation- 420 students

$4.1Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 5 funders →

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$7.7M
Ln 12
Fees for servicesLn 2g$5.2M
Gifts and grantsLn 1h$2.3M
Investment incomeLn 3$129K
Money outPt IX
$5.9M
Ln 25
Programscol B$4.1M
Managementcol C$1.9M
Owns and owesPt X
$13.2M
net assets · Ln 32
Cash and savingsLn 1–2$3.6M
Total assetsLn 16$19.2M
LiabilitiesLn 26$6.0M
PeoplePt VI, VII
20
listed · VII A
PaidVII A1
Voting boardVI 1a19
IndependentVI 1b18
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.3M
Fundraising eventsLn 1c$117K
Fees for servicesLn 2g$5.2M
Investment incomeLn 3$129K
Other incomeLn 4–11$76K
Gains on assetsLn 7$96K
Total revenueLn 12$7.7M
Assets in detailPt X, end of year
CashLn 1$3.6M
Cash and savings togetherLn 1–2$3.6M
InvestmentsLn 11–13$1.6M
Land, buildings, equipmentLn 10c$9.3M
Other assetsLn 15$1.3M
Total assetsLn 16$19.2M
LiabilitiesLn 26$6.0M
Net assetsLn 32$13.2M
OperationsPt I, VI
EmployeesI 5130
VolunteersI 620
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$2.7M$3.6M
InvestmentsLn 11–13$1.3M$1.6M
Land, buildings, equipmentLn 10c$8.2M$9.3M
Total assetsLn 16$16.1M$19.2M
LiabilitiesLn 26$4.9M$6.0M
Net assetsLn 32$11.2M$13.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$188K$188K
Other salaries and wagesLn 7$3.5M$2.6M$978K
Pension plan contributionsLn 8$53K$36K$16K
Other employee benefitsLn 9$436K$300K$136K
Payroll taxesLn 10$268K$184K$84K
Accounting feesLn 11c$62K$62K
Office expensesLn 13$15K$15K
InterestLn 20$4K$4K
Depreciation, depletion and amortizationLn 22$334K$301K$33K
InsuranceLn 23$75K$75K
Other expenses (24a–d)Ln 24$609K$452K$156K
All other expensesLn 24e$356K$247K$110K
Total functional expensesLn 25$5.9M$4.1M$1.9M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $9.6M$9.2M$403K$16.9M 990 PDF
FY2023 $9.5M$7.7M$1.8M$16.1M 990 PDF
FY2022 $8.2M$6.9M$1.3M$14.2M 990 PDF
FY2021 Viewing $7.7M$5.9M$1.8M$13.2M 990 PDF
FY2020 $7.2M$6.3M$889K$11.2M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $7,685,620 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,435,580$2,326,281
I-9 Program service revenuePrior year $5,512,203$5,153,770
I-10 Investment incomePrior year $58,982$129,336
I-11 Other revenuePrior year $188,489$76,233
I-12 Total revenuePrior year $7,195,254$7,685,620
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $4,604,016$4,476,741
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,701,865$1,454,600
I-18 Total expensesPrior year $6,305,881$5,931,341
I-19 Revenue less expensesPrior year $889,373$1,754,279
Part VI · Governance 18 of 19 board members independent, 1 to look at
VI-1a Voting members of the governing body19
VI-1b Independent voting members18
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $7,685,620 across 9 lines filed
VIII-1c Fundraising events$116,745
VIII-1f All other contributions, gifts and grants$2,209,536
VIII-1h Total contributions, gifts and grants$2,326,281
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $5,153,770$5,153,770
VIII-3 Investment incomeExcluded from tax $33,140$33,140
VIII-6 Net rental income or lossRelated to mission $27,068$27,068
VIII-7 Net gain or loss on sales of assetsExcluded from tax $96,196$96,196
VIII-8 Net income from fundraising eventsExcluded from tax $49,165$49,165
VIII-12 Total revenueRelated to mission $5,180,838 · Unrelated business $0 · Excluded from tax $178,501$7,685,620
Part IX · Statement of functional expenses $5,931,341 across 12 lines filed
IX-5 Pay of current officers, directors and key staffManagement $187,521$187,521
IX-7 Other salaries and wagesPrograms $2,554,977 · Management $977,798$3,532,775
IX-8 Pension plan contributionsPrograms $36,237 · Management $16,416$52,653
IX-9 Other employee benefitsPrograms $299,913 · Management $135,867$435,780
IX-10 Payroll taxesPrograms $184,451 · Management $83,561$268,012
IX-11c Accounting feesManagement $62,266$62,266
IX-13 Office expensesManagement $15,133$15,133
IX-20 InterestManagement $3,648$3,648
IX-22 Depreciation, depletion and amortizationPrograms $300,575 · Management $33,397$333,972
IX-23 InsuranceManagement $74,757$74,757
IX-24 Other expenses (24a–d)Programs $452,473 · Management $156,041$608,514
IX-24e All other expensesPrograms $246,592 · Management $109,718$356,310
IX-25 Total functional expensesPrograms $4,075,218 · Management $1,856,123 · Fundraising $0$5,931,341
Part X · Balance sheet $19,211,778 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $2,715,749$3,601,075
X-4 Accounts receivableStart of year $2,399,339$3,247,666
X-8 Inventories for sale or useStart of year $8,546$4,813
X-9 Prepaid expenses and deferred chargesStart of year $74,592$116,674
X-10c Land, buildings and equipment, netStart of year $8,166,583$9,300,897
X-12 Other securitiesStart of year $1,306,619$1,599,987
X-15 Other assetsStart of year $1,429,453$1,340,666
X-16 Total assetsStart of year $16,100,881$19,211,778
X-17 Accounts payable and accrued expensesStart of year $327,641$461,582
X-19 Deferred revenueStart of year $3,510,330$5,317,213
X-25 Other liabilitiesStart of year $276,896$7,108
X-26 Total liabilitiesStart of year $4,898,467$6,032,754
X-27 Net assets without donor restrictionsStart of year $8,623,232$10,375,839
X-28 Net assets with donor restrictionsStart of year $2,579,182$2,803,185
X-32 Total net assets or fund balancesStart of year $11,202,414$13,179,024
X-33 Total liabilities and net assetsStart of year $16,100,881$19,211,778
Part XI · Reconciliation of net assets $13,179,024 net assets at year end
XI-1 Total revenue$7,685,620
XI-2 Total expenses$5,931,341
XI-3 Revenue less expenses$1,754,279
XI-4 Net assets at start of year$11,202,414
XI-5 Net unrealized gains (losses) on investments$222,331
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$13,179,024

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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