Catalyst Public Schools
- Assets
- $12.4m
- Revenue
- $7.9m
- Investments
- $0.0
- Employees
- 74
- Location
- Bremerton, WA
- Founding
- 09/2019
- Data as of
- 08/2023
- EIN
- 83-2652050
Organization Overview
Catalyst Public Schools is located in Bremerton, WA. The organization was established in 2019. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 08/2023, Catalyst Public Schools employed 74 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Catalyst Public Schools 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 08/2023, Catalyst Public Schools generated $7.9m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 63.9% each year . All expenses for the organization totaled $6.6m during the year ending 08/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
CATALYST PUBLIC SCHOOL IS A TUITION-FREE PUBLIC SCHOOL OFFERING A SCHOOL ENVIRONMENT THAT PREPARES OUR SCHOLARS TO BE LEADERS AND CHANGE-MAKERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATING A PUBLIC CHARTER SCHOOL IN BREMERTON, WA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie Kennedy President | OfficerTrustee | 2 | $0 |
Shaylynn Houston Director | Trustee | 2 | $0 |
Tykera Williams Director | Trustee | 2 | $0 |
Amy Kiyota Vice President/secretary | OfficerTrustee | 2 | $0 |
Ken Riley Director | Trustee | 2 | $0 |
Blake Di Marco Herrera Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $578,384 |
| All other contributions, gifts, grants, and similar amounts not included above | $622,576 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,200,960 |
| Total Program Service Revenue | $6,645,157 |
| Investment income | $4,048 |
| 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 | $7,850,165 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $268,288 |
| Compensation of current officers, directors, key employees. | $40,243 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,899,932 |
| Pension plan accruals and contributions | $232,782 |
| Other employee benefits | $627,804 |
| Payroll taxes | $204,172 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $76,986 |
| Fees for services: Accounting | $183,708 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $340,048 |
| Advertising and promotion | $13,858 |
| Office expenses | $77,092 |
| Information technology | $196,620 |
| Royalties | $0 |
| Occupancy | $236,943 |
| Travel | $69,107 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,386 |
| Interest | $412,678 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $280,387 |
| Insurance | $35,094 |
| All other expenses | $1,247 |
| Total functional expenses | $6,630,428 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,595,131 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $65,965 |
| 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 | $99,490 |
| Net Land, buildings, and equipment | $8,710,282 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $886,631 |
| Total assets | $12,357,499 |
| Accounts payable and accrued expenses | $29,983 |
| Grants payable | $0 |
| Deferred revenue | $72,000 |
| 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 | $8,819,610 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $846,133 |
| Total liabilities | $9,767,726 |
| Net assets without donor restrictions | $2,098,789 |
| Net assets with donor restrictions | $490,984 |
| 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 | $12,357,499 |