Island School FY2023 filing

Tax-deductible

Lihue, HI501(c)(3)Since 1977EducationEIN 99-0171474Revenue $9.5M in FY2023

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.
70¢ of each $1 spent went to programs.
$117K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2023 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $1.4M a year · 15% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
70%
of spending
Fine: 70% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$117K
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
8 mo
of spending, in cash
Looks good: 7.7 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
$8.2M
34% of total assets
Looks good: liabilities are 34% of assets; 50% or less.
Pt X · Ln 26
Independent board members
17
of 19 voting members
Looks good: 17 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
$9.5M
+16% vs prior year
Spent
$7.7M
To programs
70%
Net assets
$16.1M
By yearFY2020–FY2025
Revenue
$9.5M
FY2023▲ +16%
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
FY2025$11.2M
Expenses
$7.7M
FY2023▲ +12%
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
FY2025$9.1M
Net assets
$16.1M
FY2023▲ +13%
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
FY2025$19.3M

From the FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 1976.

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

Where the money goes

70 cents of each dollar spent went to programs.

Program services 70% · $5.4M Management & general 30% · $2.3M

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; $117K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Interim Head of School/ Principal
$116,800Pt 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

NameFY2025FY2024FY2023FY2022FY2021FY2020
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.

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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.

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Provided by the organization

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1 program · $5.4M · in their own filed words · FY2022
01

Pre- kindergarten thru twelfth grade school operation- 491 students

$5.4Mprogram 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 FY2023 990, line by line.

1The main four
Money inPt VIII
$9.5M
Ln 12
Fees for servicesLn 2g$7.1M
Gifts and grantsLn 1h$2.0M
Investment incomeLn 3$204K
Money outPt IX
$7.7M
Ln 25
Programscol B$5.4M
Managementcol C$2.3M
Owns and owesPt X
$16.1M
net assets · Ln 32
Cash and savingsLn 1–2$5.0M
Total assetsLn 16$24.4M
LiabilitiesLn 26$8.2M
PeoplePt VI, VII
20
listed · VII A
PaidVII A1
Voting boardVI 1a19
IndependentVI 1b17
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.0M
Fundraising eventsLn 1c$192K
Fees for servicesLn 2g$7.1M
Investment incomeLn 3$204K
Other incomeLn 4–11$202K
Gains on assetsLn 7$145K
Total revenueLn 12$9.5M
Assets in detailPt X, end of year
CashLn 1$5.0M
Cash and savings togetherLn 1–2$5.0M
InvestmentsLn 11–13$1.6M
Land, buildings, equipmentLn 10c$13.0M
Other assetsLn 15$668K
Total assetsLn 16$24.4M
LiabilitiesLn 26$8.2M
Net assetsLn 32$16.1M
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 FY23End FY23
Cash and savingsLn 1–2$3.8M$5.0M
InvestmentsLn 11–13$1.4M$1.6M
Land, buildings, equipmentLn 10c$9.3M$13.0M
Total assetsLn 16$21.4M$24.4M
LiabilitiesLn 26$7.1M$8.2M
Net assetsLn 32$14.2M$16.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$242K$242K
Other salaries and wagesLn 7$4.2M$3.2M$1.1M
Pension plan contributionsLn 8$82K$58K$24K
Other employee benefitsLn 9$551K$390K$161K
Payroll taxesLn 10$317K$224K$92K
Legal feesLn 11b$3K$3K
Accounting feesLn 11c$28K$28K
Other fees for servicesLn 11g$91K$91K
Office expensesLn 13$19K$19K
InterestLn 20$10K$10K
Depreciation, depletion and amortizationLn 22$352K$316K$35K
InsuranceLn 23$140K$140K
Other expenses (24a–d)Ln 24$1.1M$927K$170K
All other expensesLn 24e$532K$303K$230K
Total functional expensesLn 25$7.7M$5.4M$2.3M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $11.2M$9.1M$2.1M$19.3M 990 PDF
FY2024 $9.6M$9.2M$403K$16.9M 990 PDF
FY2023 Viewing $9.5M$7.7M$1.8M$16.1M 990 PDF
FY2022 $8.2M$6.9M$1.3M$14.2M 990 PDF
FY2021 $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 FY2023 990 (6 parts)
Part I · Summary $9,547,143 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,672,868$1,996,465
I-9 Program service revenuePrior year $6,360,858$7,144,495
I-10 Investment incomePrior year $94,572$204,335
I-11 Other revenuePrior year $73,321$201,848
I-12 Total revenuePrior year $8,201,619$9,547,143
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 $5,154,764$5,432,615
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,745,914$2,272,643
I-18 Total expensesPrior year $6,900,678$7,705,258
I-19 Revenue less expensesPrior year $1,300,941$1,841,885
Part VI · Governance 17 of 19 board members independent, 1 to look at
VI-1a Voting members of the governing body19
VI-1b Independent voting members17
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 $9,547,143 across 9 lines filed
VIII-1c Fundraising events$191,885
VIII-1f All other contributions, gifts and grants$1,804,580
VIII-1h Total contributions, gifts and grants$1,996,465
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $7,144,495$7,144,495
VIII-3 Investment incomeExcluded from tax $59,030$59,030
VIII-6 Net rental income or lossRelated to mission $15,231$15,231
VIII-7 Net gain or loss on sales of assetsExcluded from tax $145,305$145,305
VIII-8 Net income from fundraising eventsExcluded from tax $186,617$186,617
VIII-12 Total revenueRelated to mission $7,159,726 · Unrelated business $0 · Excluded from tax $390,952$9,547,143
Part IX · Statement of functional expenses $7,705,258 across 14 lines filed
IX-5 Pay of current officers, directors and key staffManagement $241,891$241,891
IX-7 Other salaries and wagesPrograms $3,169,620 · Management $1,071,682$4,241,302
IX-8 Pension plan contributionsPrograms $58,339 · Management $24,025$82,364
IX-9 Other employee benefitsPrograms $389,927 · Management $160,576$550,503
IX-10 Payroll taxesPrograms $224,219 · Management $92,336$316,555
IX-11b Legal feesManagement $2,548$2,548
IX-11c Accounting feesManagement $28,206$28,206
IX-11g Other fees for servicesManagement $90,884$90,884
IX-13 Office expensesManagement $19,365$19,365
IX-20 InterestManagement $10,269$10,269
IX-22 Depreciation, depletion and amortizationPrograms $316,414 · Management $35,157$351,571
IX-23 InsuranceManagement $140,226$140,226
IX-24 Other expenses (24a–d)Programs $926,901 · Management $170,185$1,097,086
IX-24e All other expensesPrograms $302,707 · Management $229,781$532,488
IX-25 Total functional expensesPrograms $5,388,127 · Management $2,317,131 · Fundraising $0$7,705,258
Part X · Balance sheet $24,353,956 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $3,795,227$4,963,752
X-4 Accounts receivableStart of year $4,176,342$4,125,302
X-8 Inventories for sale or useStart of year $7,639$7,639
X-9 Prepaid expenses and deferred chargesStart of year $91,391$49,764
X-10c Land, buildings and equipment, netStart of year $9,336,931$12,977,822
X-12 Other securitiesStart of year $1,400,946$1,561,603
X-15 Other assetsStart of year $2,551,658$668,074
X-16 Total assetsStart of year $21,360,134$24,353,956
X-17 Accounts payable and accrued expensesStart of year $379,610$555,615
X-19 Deferred revenueStart of year $6,443,604$7,186,506
X-25 Other liabilitiesStart of year $61,718$139,119
X-26 Total liabilitiesStart of year $7,124,990$8,229,115
X-27 Net assets without donor restrictionsStart of year $11,257,540$15,605,492
X-28 Net assets with donor restrictionsStart of year $2,977,604$519,349
X-32 Total net assets or fund balancesStart of year $14,235,144$16,124,841
X-33 Total liabilities and net assetsStart of year $21,360,134$24,353,956
Part XI · Reconciliation of net assets $16,124,841 net assets at year end
XI-1 Total revenue$9,547,143
XI-2 Total expenses$7,705,258
XI-3 Revenue less expenses$1,841,885
XI-4 Net assets at start of year$14,235,144
XI-5 Net unrealized gains (losses) on investments−$29,213
XI-6 Donated services and use of facilities$77,025
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$16,124,841

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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