Washington Charter School Development Inc
- Assets
- $95.6m
- Revenue
- $4.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Seattle, WA
- Founding
- 02/2015
- Data as of
- 12/2023
- 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 12/2023, Washington Charter School Development Inc generated $4.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (17.0%) each year. All expenses for the organization totaled $6.1m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Washington Charter School Development Inc has awarded 33 individual grants totaling $11,639,303. 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
2023
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 | OfficerTrustee | 2 | $0 |
Scarlet Sy Treasurer | Officer | 10 | $0 |
Bill Kiolbasa Secretary | OfficerTrustee | 1 | $0 |
Patrick Ontiveros Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Marpac Construction Construction | 12/30/22 | $941,538 |
Playcreation Inc Play Equipment | 12/30/22 | $102,336 |
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 | $12 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12 |
| Total Program Service Revenue | $4,063,369 |
| Investment income | $112,284 |
| 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 | $4,177,474 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,584,801 |
| 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 | $243 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $288,388 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,066,389 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,000,595 |
| Insurance | $127,694 |
| All other expenses | $0 |
| Total functional expenses | $6,068,541 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $234,767 |
| Savings and temporary cash investments | $7,309,466 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $101,901 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,683,529 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $29,316 |
| Net Land, buildings, and equipment | $74,772,523 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,442,044 |
| Total assets | $95,573,546 |
| Accounts payable and accrued expenses | $68,511 |
| Grants payable | $0 |
| Deferred revenue | $149,630 |
| 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 | $33,457,789 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,224,919 |
| Total liabilities | $39,900,849 |
| Net assets without donor restrictions | $55,672,697 |
| Net assets with donor restrictions | $0 |
| 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 | $95,573,546 |
Grants Awarded
Over the last fiscal year, Washington Charter School Development Inc has awarded $2,584,801 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
CASCADE PUBLIC SCHOOLS PURPOSE: EDUCATION | $35,038 |
IMPACT PUBLIC SCHOOLS PURPOSE: EDUCATION | $223,287 |
PACIFIC CHARTER SCHOOL DEVELO PURPOSE: EDUCATION | $2,044,069 |
PINNACLES PREP CHARTER SCHOOL PURPOSE: EDUCATION | $102,269 |
PULLMAN COMMUNITY MONTESSORI PURPOSE: EDUCATION | $19,773 |
ROOTED SCHOOL VANCOUVER PURPOSE: EDUCATION | $160,365 |