Overlake School
- Assets
- $108.7m
- Revenue
- $25.5m
- Investments
- $0.0
- Employees
- 202
- Location
- Redmond, WA
- Founding
- 06/1966
- Data as of
- 06/2021
- EIN
- 91-0814431
Organization Overview
Overlake School is located in Redmond, WA. The organization was established in 1966. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2021, Overlake School employed 202 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Overlake School 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, Overlake School generated $25.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $21.6m during the year ending 06/2021. While expenses have increased by 1.4% 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
TO INSPIRE EXCELLENCE, DEVELOP INTELLECTUAL CURIOSITY, TEACH RESPONSIBILITY, AND EMBRACE DIVERSITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE OVERLAKE SCHOOL IS AN INDEPENDENT COEDUCATIONAL SUBURBAN DAYSCHOOL, OFFERING A RIGOROUS COLLEGE PREPARATORY PROGRAM IN THE LIBERAL ARTS TRADITION FOR STUDENTS IN GRADES 5 THROUGH 12. THE SCHOOL'S GOAL IS TO PREPARE A DIVERSE STUDENT BODY FOR ADMISSION TO COLLEGES AND UNIVERSITIES AROUND THE COUNTRY AND FOR A LIFETIME OF ONGOING LEARNING AND SUCCESS. DURING THE 2020-2021 SCHOOL YEAR, APPROXIMATELY 549 STUDENTS ATTEND THE OVERLAKE SCHOOL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Horvat Head Of School | Officer | 40 | $302,076 |
Warren Gilles Business Manager | Officer | 40 | $228,947 |
Gerald Buhaly Head Of Upper School | 40 | $155,095 | |
Brisen Brady Development Director | 40 | $147,326 | |
Charles Sabino Admissions Director | 40 | $128,919 | |
Susan Messier Director Of Communications & Marketing | 40 | $120,241 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Seahurst Electric Inc Electrical & Mechanical | 6/29/21 | $189,747 |
Marty K Cleaning Services | 6/29/21 | $153,947 |
Sea Conn Llc Construction | 6/29/21 | $8,454,864 |
Columbia Land Services Construction | 6/29/21 | $554,493 |
Alliance Construction Management Construction Coordination | 6/29/21 | $198,262 |
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 | $2,862,030 |
| Noncash contributions included in lines 1a–1f | $27,312 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,862,030 |
| Total Program Service Revenue | $21,198,349 |
| Investment income | $709,255 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $705,271 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $25,530,145 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,825,870 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $659,294 |
| Compensation of current officers, directors, key employees. | $659,294 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,639,126 |
| Pension plan accruals and contributions | $681,195 |
| Other employee benefits | $1,474,064 |
| Payroll taxes | $907,471 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,580 |
| Fees for services: Accounting | $52,719 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $64,758 |
| Fees for services: Other | $638,349 |
| Advertising and promotion | $5,569 |
| Office expenses | $305,898 |
| Information technology | $298,271 |
| Royalties | $0 |
| Occupancy | $999,745 |
| Travel | $69,932 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $264,247 |
| Interest | $855,097 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,490,947 |
| Insurance | $293,654 |
| All other expenses | $65,419 |
| Total functional expenses | $21,606,205 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,434,537 |
| Savings and temporary cash investments | $2,655,467 |
| Pledges and grants receivable | $10,728,085 |
| Accounts receivable, net | $166,839 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,322 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $450,143 |
| Net Land, buildings, and equipment | $55,787,689 |
| Investments—publicly traded securities | $31,513,107 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $108,738,189 |
| Accounts payable and accrued expenses | $2,390,453 |
| Grants payable | $0 |
| Deferred revenue | $3,823,048 |
| Tax-exempt bond liabilities | $9,905,154 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $14,885,297 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $31,003,952 |
| Net assets without donor restrictions | $68,884,573 |
| Net assets with donor restrictions | $8,849,664 |
| 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 | $108,738,189 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Overlake School has recieved totaling $2,577.
| Awarding Organization | Amount |
|---|---|
Youell Legacy Foundation Islamorada, FL PURPOSE: OPERATING EXPENSES | $2,000 |
The Kemper Freeman Foundation Bellevue, WA PURPOSE: GENERAL SUPPORT | $577 |
Endowment Analysis
| Beg. Balance | $23,412,757 |
| Earnings | $5,847,933 |
| Net Contributions | $419,541 |
| Other Expense | $787,915 |
| Ending Balance | $28,892,316 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Seattle Academy Of Arts And Sciences Seattle, WA | $130,565,499 | $44,102,575 |
Overlake School Redmond, WA | $108,738,189 | $25,530,145 |
Africa New Life Ministries International Portland, OR | $6,351,157 | $13,013,845 |
Northsound Association For Catholic Education Everett, WA | $18,986,934 | $10,534,843 |
Benton Franklin Head Start Program Richland, WA | $1,169,571 | $7,707,525 |
Northwest Academy Portland, OR | $25,854,406 | $19,083,366 |
Grace Cascade Christian Schools Medford, OR | $21,046,370 | $6,903,914 |
Westside Christian High School Tigard, OR | $16,024,565 | $4,963,827 |
Open School Inc Portland, OR | $8,309,312 | $5,000,345 |
Lake Washington Girls Middle School Seattle, WA | $6,756,406 | $3,694,139 |
Archbishop Francis Norbert Blanchet School Salem, OR | $7,476,012 | $3,497,763 |
Alzar School Inc Cascade, ID | $16,452,354 | $5,443,400 |