Washington Charter School Development Inc
- Assets
- $91.2m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Seattle, WA
- Founding
- 02/2015
- Data as of
- 12/2021
- EIN
- 47-1346473
Organization Overview
Washington Charter School Development Inc is located in Seattle, WA. The organization was established in 2015. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Washington Charter School Development Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Washington Charter School Development Inc generated $2.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (25.3%) each year. All expenses for the organization totaled $4.6m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Washington Charter School Development Inc has awarded 22 individual grants totaling $6,656,068. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT PCSD'S MISSION TO PROVIDE LONG-TERM AFFORDABLE FACILITIES SOLUTIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED LONG-TERM AFFORDABLE FACILITIES SOLUTIONS INCREASING THE AVAILABILITY OF HIGH QUALITY CHARTER SCHOOLS FOR UNDERSERVED STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Sun Ceo/president | OfficerTrustee | 5 | $0 |
Patrick Ontiveros Secretary | OfficerTrustee | 1 | $0 |
Scarlet Sy Treasurer | Officer | 13 | $0 |
Eli Kennedy Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Marpac Construction Construction | 12/30/20 | $4,985,292 |
Nac Architecture Architect | 12/30/20 | $138,921 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $86,085 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $86,085 |
| Total Program Service Revenue | $2,713,659 |
| Investment income | $45,379 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,883,173 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,189,424 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $24 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $568,302 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $993,356 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,721,788 |
| Insurance | $138,340 |
| All other expenses | $0 |
| Total functional expenses | $4,649,458 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,357,733 |
| Savings and temporary cash investments | $6,196,306 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $62,686 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,191,239 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $78,511,125 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,918,625 |
| Total assets | $91,237,714 |
| Accounts payable and accrued expenses | $1,198,639 |
| Grants payable | $0 |
| Deferred revenue | $38,842 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $30,924,479 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,379,338 |
| Total liabilities | $33,541,298 |
| Net assets without donor restrictions | $57,229,496 |
| Net assets with donor restrictions | $466,920 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $91,237,714 |
Grants Awarded
Over the last fiscal year, Washington Charter School Development Inc has awarded $1,189,424 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Los Angeles, CA PURPOSE: EDUCATION | $924,401 |
Tukwila, WA PURPOSE: EDUCATION | $165,023 |
Bellingham, WA PURPOSE: EDUCATION | $80,000 |
Wenatchee, WA PURPOSE: EDUCATION | $20,000 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Washington Charter School Development Inc has recieved totaling $6,315,889.
| Awarding Organization | Amount |
|---|---|
Bill & Melinda Gates Foundation Seattle, WA PURPOSE: K-12 EDUCATION | $3,000,000 |
Bill & Melinda Gates Foundation Seattle, WA PURPOSE: K-12 EDUCATION | $2,000,000 |
Bill & Melinda Gates Foundation Seattle, WA PURPOSE: K-12 EDUCATION | $831,804 |
Bill & Melinda Gates Foundation Seattle, WA PURPOSE: K-12 EDUCATION | $398,000 |
Pacific Charter School Development Inc Los Angeles, CA PURPOSE: EDUCATION | $86,085 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mission Increase Tigard, OR | $936,883 | $5,775,075 |
The Foraker Group Anchorage, AK | $6,070,531 | $7,451,192 |
Life You Can Save Sequim, WA | $5,276,771 | $7,278,091 |
Washington Charter School Development Inc Seattle, WA | $91,237,714 | $2,883,173 |
The Conservation Alliance Bend, OR | $7,750,898 | $3,428,997 |
Riverpsykhe Inc Kirkland, WA | $3,092,531 | $940,714 |
Children Of The Setting Sun Productions Bellingham, WA | $752,376 | $1,398,162 |
Historic Everett Theatre Preservation Society Everett, WA | $73,947 | $775,689 |
Dave And Wendy Morgan Foundation Snohomish, WA | $4,129,982 | $3,963,255 |
Lamb Weston Charitable Foundation Eagle, ID | $7,000,922 | $10,181 |
Keller Foundation Vancouver, WA | $5,698,972 | $1,225,617 |
Society Of St Vincent De Paul District Council Of The Columbia Brush Prairie, WA | $67,927 | $0 |