Lake Washington Schools Foundation
- Assets
- $860.1k
- Revenue
- $830.2k
- Investments
- $0.0
- Employees
- 5
- Location
- Redmond, WA
- Founding
- 05/2005
- Data as of
- 06/2021
- EIN
- 55-0891792
Organization Overview
Lake Washington Schools Foundation is located in Redmond, WA. The organization was established in 2005. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2021, Lake Washington Schools Foundation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Washington Schools Foundation 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 06/2021, Lake Washington Schools Foundation generated $830.2k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.1% each year . All expenses for the organization totaled $438.6k during the year ending 06/2021. While expenses have increased by 0.0% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
LAKE WASHINGTON SCHOOLS FOUNDATION RAISES FUNDS TO SUPPORT ACADEMIC EXCELLENCE AND SUCCESS FOR ALL STUDENTS IN THE LAKE WASHINGTON SCHOOL DISTRICT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PANTRY PACKS: THE FOUNDATION FUNDED THE PANTRY PACKS PROGRAM, WHICH IS A WEEKEND FOOD PROGRAM FOR FOOD INSECURE STUDENTS IN THE LAKE WASHINGTON SCHOOL DISTRICT. OVER THE COURSE OF THE TEN MONTH SCHOOL YEAR, APPROXIMATELY 800-850 STUDENTS RECEIVE PACKS OF FOOD EACH WEEKEND.
FUND A NEED: THE FOUNDATION GRANTED FUNDS FOR MUSIC EDUCATION, SUMMER SCHOOL PROGRAMS AND MISCELLANOUS EDUCATION GRANTS TO SUPPORT STUDENTS IN THE LAKE WASHINGTON SCHOOL DISTRICT.
YOUTH MENTAL HEALTH FIRST AID- IS A FORMAL, NATIONALLY RECOGNIZED TRAINING PROGRAM THAT INTRODUCES ADULTS TO THE DISTINCT RISK FACTORS AND WARNING SIGNS OF MENTAL HEALTH PROBLEMS IN ADOLESCENTS, BUILDS UNDERSTANDING OF THE IMPORTANCE OF EARLY INTERVENTION, AND TEACHES INDIVIDUALS HOW TO HELP YOUTH WHO ARE IN CRISIS OR EXPERIENCING A MENTAL HEALTH CHALLENGE.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Helen K Sernett Past Exec. Dir | Officer | 40 | $49,471 |
Katy Philips Executive Direc | Officer | 40 | $37,002 |
Tim Campbell Co-Vice Pres. | OfficerTrustee | 3 | $0 |
Kim Convertino Treasurer | OfficerTrustee | 2 | $0 |
Chris Wheaton Co-Vice Pres. | OfficerTrustee | 2 | $0 |
Roy Captain President | OfficerTrustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $129,018 |
| All other contributions, gifts, grants, and similar amounts not included above | $543,722 |
| Noncash contributions included in lines 1a–1f | $32,811 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $672,740 |
| Total Program Service Revenue | $0 |
| Investment income | $592 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $156,233 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $830,157 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $63,865 |
| 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. | $86,189 |
| Compensation of current officers, directors, key employees. | $25,857 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $55,384 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $631 |
| Payroll taxes | $11,851 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,934 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $31,154 |
| Advertising and promotion | $195 |
| Office expenses | $7,665 |
| Information technology | $23,185 |
| Royalties | $0 |
| Occupancy | $42,830 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $814 |
| Insurance | $8,480 |
| All other expenses | $4,348 |
| Total functional expenses | $438,643 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $696,497 |
| Savings and temporary cash investments | $107,479 |
| Pledges and grants receivable | $41,000 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $14,201 |
| Net Land, buildings, and equipment | $916 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $860,093 |
| Accounts payable and accrued expenses | $17,883 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $17,883 |
| Net assets without donor restrictions | $374,083 |
| Net assets with donor restrictions | $468,127 |
| 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 | $860,093 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Lake Washington Schools Foundation has recieved totaling $152,375.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $121,403 |
Windermere Foundation Seattle, WA PURPOSE: FOOD SUPPORT | $15,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $13,000 |
Kaplita Fam Foundation Tr Sammamish, WA PURPOSE: EDUCATION | $2,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $822 |
Raikes Foundation Seattle, WA PURPOSE: RAIKES FOUNDATION EMPLOYEE CHARITABLE MATCH | $150 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
City Fund Beaverton, OR | $118,722,969 | $115,823,271 |
Greater Good Charities Seattle, WA | $7,916,385 | $76,960,540 |
Tisbest Philanthropy Seattle, WA | $1,169,318 | $11,028,187 |
Omprakash Inc Seattle, WA | $1,303,902 | $8,335,902 |
Momsrising Education Fund Bellevue, WA | $13,735,648 | $12,363,267 |
Community In Action Ontario, OR | $2,870,959 | $6,588,152 |
Tsf Services Seattle, WA | $41,582 | $5,196,264 |
Invested Renton, WA | $10,800,874 | $5,096,103 |
Malaria No More Fund Seattle, WA | $7,196,882 | $3,765,133 |
Emergency Feeding Program Of Seattle & King County Renton, WA | $889,754 | $3,848,246 |
Seattle International Foundation Seattle, WA | $3,557,476 | $2,971,233 |
Arctic Slope Community Foundation Anchorage, AK | $12,635,878 | $4,961,869 |