Island School
- Assets
- $3.6m
- Revenue
- $1.8m
- Investments
- $272.2k
- Employees
- 38
- Location
- Bainbridge Island, WA
- Founding
- 08/1977
- Data as of
- 06/2021
- EIN
- 91-0983455
Organization Overview
Island School is located in Bainbridge Island, WA. The organization was established in 1977. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2021, Island School employed 38 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Island 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, Island School generated $1.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $1.7m during the year ending 06/2021. While expenses have increased by 1.7% per year over the past 7 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO EDUCATE EACH OF OUR CHILDREN; TO NOURISH THEIR INNATE CURIOSITY, INSPIRE A LIFELONG ENTHUSIASM FOR LEARNING, AND FOSTER RESPECT AND APPRECIATION FOR THEMSELVES AND OTHERS.
Describe the Organization's Program Activity:
INDEPENDENT DAY SCHOOL FOR KINDERGARTEN THROUGH FIFTH GRADE SERVING 91 STUDENTS: WE RAISED OVER $86,000 FOR FINANCIAL AID DESPITE HAVING TO MOVE TO A VIRTUAL AUCTION EVENT DUE TO THE COVID-19 PANDEMIC. WE AWARDED FINANCIAL AID TO 44% OF OUR STUDENTS. OUR GRADUATES ARE ACTIVELY RECRUITED BY THE TWO AREA INDEPENDENT MIDDLE SCHOOLS AND MOVE ON TO HAVE EXTREMELY SUCCESSFUL HIGH SCHOOL AND COLLEGE EXPERIENCES.
EXTENDED DAY PROGRAM - DUE TO COVID, WE SUSPENDED BEFORE AND AFTER SCHOOL CARE. HOWEVER, WE DID CONTINUE TO OFFER KINDERGARTEN EXTENDED DAY AS A BENEFIT TO WORKING FAMILIES WHO NEEDED AFTER SCHOOL CARE FOR THEIR CHILDREN. WE ALSO OFFERED A TWO WEEK SUMMER FOREST CAMP FOR STUDENTS IN GRADES K-5.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amanda Ward Head Of School | Officer | 40 | $117,650 |
Lorraine Scott President | OfficerTrustee | 2 | $0 |
Kathleen Smith Secretary | OfficerTrustee | 2 | $0 |
Alice Hunting Vice President | OfficerTrustee | 2 | $0 |
Kimberly Wilson Treasurer | OfficerTrustee | 2 | $0 |
Bill Baxter Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $370,088 |
| Investment income | $26,439 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $205 |
| Net Rental Income | -$21,948 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$1,639 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,842,332 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $311,585 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $147,696 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $788,942 |
| Pension plan accruals and contributions | $32,285 |
| Other employee benefits | $85,269 |
| Payroll taxes | $75,116 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,328 |
| Fees for services: Other | $6,112 |
| Advertising and promotion | $5,976 |
| Office expenses | $69,050 |
| Information technology | $4,108 |
| Royalties | $0 |
| Occupancy | $60,246 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,484 |
| Interest | $8,996 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $75,088 |
| Insurance | $20,132 |
| All other expenses | $0 |
| Total functional expenses | $1,709,773 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $123,954 |
| Savings and temporary cash investments | $1,252,741 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $759 |
| 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 | $5,072 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $272,197 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,628,771 |
| Accounts payable and accrued expenses | $133,881 |
| Grants payable | $0 |
| Deferred revenue | $192,004 |
| 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 | $234,381 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $560,266 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $3,068,505 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Island School has recieved totaling $8,588.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $5,500 |
Clovis Foundation Bainbridge Island, WA PURPOSE: UNRESTRICTED | $2,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $488 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $100 |
Endowment Analysis
| Beg. Balance | $245,345 |
| Earnings | $66,354 |
| Admin Expense | $4,328 |
| Net Contributions | $250 |
| Other Expense | $7,856 |
| Ending Balance | $299,765 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Evergreen School Shoreline, WA | $54,109,732 | $18,688,724 |
University Child Development School Seattle, WA | $35,789,355 | $15,422,217 |
Seattle Country Day School Seattle, WA | $55,770,404 | $17,470,349 |
St Thomas School Medina, WA | $79,286,782 | $15,883,490 |
French American School Of Puget Sound Mercer Island, WA | $16,865,271 | $13,425,838 |
The Open Window School Bellevue, WA | $36,380,827 | $12,092,167 |
Gresham Arthur Academy Public Charter School Portland, OR | $14,718,484 | $9,208,791 |
Kings Way Christian Schools Vancouver, WA | $6,224,718 | $10,439,261 |
The Bertschi School Seattle, WA | $29,979,926 | $9,759,275 |
Northwest Christian Schools Inc Colbert, WA | $28,921,822 | $10,264,854 |
Meridian School Seattle, WA | $11,104,364 | $8,438,770 |
Santiam Christian Schools Adair Village, OR | $11,670,742 | $5,933,883 |