Spring Street International School
- Assets
- $2.8m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 40
- Location
- Friday Harbor, WA
- Founding
- 03/1996
- Data as of
- 08/2021
- EIN
- 91-1693033
Organization Overview
Spring Street International School is located in Friday Harbor, WA. The organization was established in 1996. 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 08/2021, Spring Street International School employed 40 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Spring Street International 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 08/2021, Spring Street International School generated $3.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.8% each year. All expenses for the organization totaled $2.3m during the year ending 08/2021. While expenses have increased by 5.8% 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
SPRING STREET INTERNATIONAL SCHOOL NURTURES THE DEVELOPMENT OF INTELLECTUALLY CURIOUS STUDENTS, ENABLING THEM TO MEET ACADEMIC AND PERSONAL CHALLENGES WITH CONFIDENCE AS IT PREPARES THEM FOR HIGHER EDUCATION AND LIFE-LONG LEARNING. THE SCHOOL INTEGRATES RIGOROUS ACADEMICS WITH EXPERIENTIAL LEARNING, FOSTERS COMPASSION AND RESPECT, AND HELPS STUDENTS TO REALIZE THEIR FULL POTENTIAL AND RESPONSIBILITIES IN THE LOCAL AND GLOBAL COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BASIC EDUCATION FOR 115 STUDENTS. GRADES 6-12 INCLUDING INSTRUCTION IN MATHEMATICS,LANGUAGE ARTS, SCIENCE, SOCIAL STUDIES, ART, MUSIC & ESL. TYPICAL SCHOOL YEAR IS FROM SEPTEMBER TO JUNE. THE SCHOOL IS OPEN 5 DAYS A WEEK WITH THE EXCEPTION OF HOLIDAY, BREAKS AND SUMMER VACATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Louis Prussack Head Of Scho | Officer | 40 | $124,000 |
David Bledsoe Co-Chair | OfficerTrustee | 2 | $0 |
Renee Giovarelli Co-Chair | OfficerTrustee | 2 | $0 |
Bernadette Holthuis Treasurer | OfficerTrustee | 2 | $0 |
John Moalli Secretary | OfficerTrustee | 2 | $0 |
Megan Dethier Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $1,410 |
| Membership dues | $0 |
| Fundraising events | $55,450 |
| Related organizations | $0 |
| Government grants | $318,550 |
| All other contributions, gifts, grants, and similar amounts not included above | $69,270 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $444,680 |
| Total Program Service Revenue | $2,149,721 |
| Investment income | $764 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,138 |
| Net Income from Fundraising Events | $131,520 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,987,562 |
| 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. | $124,000 |
| Compensation of current officers, directors, key employees. | $89,280 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,136,531 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $296,972 |
| Payroll taxes | $115,267 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,125 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $134 |
| Fees for services: Other | $24,144 |
| Advertising and promotion | $13,300 |
| Office expenses | $11,346 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $214,767 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $43,426 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $45,571 |
| Insurance | $26,129 |
| All other expenses | $20,050 |
| Total functional expenses | $2,312,025 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,455,190 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $35,165 |
| 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 | $0 |
| Net Land, buildings, and equipment | $1,292,763 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $2,807 |
| Other assets | $17,391 |
| Total assets | $2,803,316 |
| Accounts payable and accrued expenses | -$4,857 |
| 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 | $1,904,829 |
| Total liabilities | $1,899,972 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $903,344 |
| Total liabilities and net assets/fund balances | $2,803,316 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Spring Street International School has recieved totaling $71,259.
| Awarding Organization | Amount |
|---|---|
Bny Mellon Charitable Gift Fund Boston, MA PURPOSE: TO FURTHER THE ORGANIZATION'S EXEMPT PURPOSE | $25,000 |
Islam Family Foundation Bremerton, WA PURPOSE: STUDENT EDUCATION | $21,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $15,800 |
San Juan Island Community Foundation Friday Harbor, WA PURPOSE: PROGRAM SUPPORT | $9,310 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $149 |
Endowment Analysis
| Earnings | $1,805 |
| Admin Expense | $134 |
| Net Contributions | $15,720 |
| Ending Balance | $17,391 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Oregonians For Online Education Inc Scio, OR | $4,402,348 | $19,081,202 |
Head Start Of Lane County Springfield, OR | $2,527,429 | $16,579,600 |
Bellevue Christian School Clyde Hill, WA | $30,172,969 | $19,117,313 |
Cascade Christian Schools Puyallup, WA | $24,414,305 | $18,312,938 |
Delphi Schools Inc Sheridan, OR | $68,746,624 | $17,868,394 |
Sun Valley Community School Inc Sun Valley, ID | $39,076,653 | $16,449,416 |
Idaho Arts Charter School Nampa, ID | $27,001,838 | $12,430,623 |
St Marys Of Medford Inc Medford, OR | $29,778,861 | $10,667,764 |
Compass Public Charter School Inc Meridian, ID | $30,633,815 | $11,054,812 |
Saint Georges School Spokane, WA | $26,592,411 | $9,553,681 |
Eton School Foundation Bellevue, WA | $11,656,623 | $8,432,891 |
International School Portland, OR | $15,344,083 | $7,525,530 |