Bear Creek School
- Assets
- $74.8m
- Revenue
- $28.1m
- Investments
- $0.0
- Employees
- 288
- Location
- Redmond, WA
- Founding
- 09/1990
- Data as of
- 06/2023
- EIN
- 91-1420530
Organization Overview
Bear Creek School is located in Redmond, WA. The organization was established in 1990. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2023, Bear Creek School employed 288 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bear Creek 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 06/2023, Bear Creek School generated $28.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $25.4m during the year ending 06/2023. While expenses have increased by 5.1% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATION FOR STUDENTS IN GRADES PRESCHOOL THROUGH GRADE 12.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BEAR CREEK SCHOOL (THE SCHOOL) IS A PRIVATE, NONPROFIT ORGANIZATION FOUNDED TO PROVIDE A HIGH QUALITY, CHRISTIAN LIBERAL ARTS EDUCATION IN A NURTURING ENVIRONMENT FOR ITS STUDENTS. THE SCHOOL CURRENTLY HAS 877 STUDENTS IN PRE-SCHOOL, PRE-KINDERGARTEN AND IN KINDERGARTEN THROUGH TWELFTH GRADE. THE SCHOOL OPERATES AT THREE LOCATIONS WITH PRE-SCHOOL ATTENDING AT THE VALLEY CAMPUS, KINDERGARTEN THROUGH 8TH ATTENDING AT THE REDMOND MAIN CAMPUS, AND 9TH THROUGH 12TH ATTENDING AT THE REDMOND UPPER SCHOOL CAMPUS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick Carruth President And Headmaster | OfficerTrustee | 50 | $255,688 |
Andrea Lairson Board Chair | OfficerTrustee | 5 | $0 |
Fileno Alleva Vice Chair | OfficerTrustee | 5 | $0 |
Curtis Kraft Treasurer | OfficerTrustee | 5 | $0 |
Kurt Maass Trustee At Large | Trustee | 5 | $0 |
Kevin Keith Trustee At Large | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Zones Llc Technology | 6/29/23 | $173,847 |
Marty K Inc Janitorial | 6/29/23 | $216,822 |
Synthetic Turf Northwest Playground Turf | 6/29/23 | $150,057 |
Air Systems Engineering Inc Hvac | 6/29/23 | $112,457 |
Greening America Landscaping Landscaping | 6/29/23 | $105,056 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $712,893 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,364,507 |
| Noncash contributions included in lines 1a–1f | $94,964 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,077,400 |
| Total Program Service Revenue | $25,686,470 |
| Investment income | $156,464 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $9,000 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$47,415 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $169,252 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $28,051,171 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,597,121 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $873,614 |
| Compensation of current officers, directors, key employees. | $462,914 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,500,844 |
| Pension plan accruals and contributions | $500,465 |
| Other employee benefits | $1,287,468 |
| Payroll taxes | $1,082,528 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $20,499 |
| Fees for services: Accounting | $54,665 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $85,825 |
| Advertising and promotion | $162,742 |
| Office expenses | $233,617 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,732,540 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $857,993 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,560,561 |
| Insurance | $239,169 |
| All other expenses | $757,914 |
| Total functional expenses | $25,399,616 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,602,363 |
| Savings and temporary cash investments | $12,088,159 |
| Pledges and grants receivable | $888,000 |
| Accounts receivable, net | $11,597,699 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,712 |
| Prepaid expenses and deferred charges | $519,045 |
| Net Land, buildings, and equipment | $32,253,353 |
| Investments—publicly traded securities | $9,631,825 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $189,026 |
| Total assets | $74,774,182 |
| Accounts payable and accrued expenses | $2,323,372 |
| Grants payable | $0 |
| Deferred revenue | $22,784,848 |
| Tax-exempt bond liabilities | $15,986,111 |
| 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 | $650,065 |
| Total liabilities | $41,744,396 |
| Net assets without donor restrictions | $28,615,003 |
| Net assets with donor restrictions | $4,414,783 |
| 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 | $74,774,182 |