Soundview School
- Assets
- $4.4m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 36
- Location
- Lynnwood, WA
- Founding
- 08/2003
- Data as of
- 06/2021
- EIN
- 91-1832492
Organization Overview
Soundview School is located in Lynnwood, WA. The organization was established in 2003. 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, Soundview School employed 36 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Soundview 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, Soundview School generated $2.6m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $2.5m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (1.4%) per year over the past 6 years. 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
WE EDUCATE INTELLECTUALLY MOTIVATED STUDENTS THROUGH THE INTERNATIONAL BACCALAUREATE TO BECOME KNOWLEDGEABLE, COMPASSIONATE, ETHICAL CITIZENS AND LEADERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SOUNDVIEW SCHOOL SERVED 113 STUDENTS WITH A FACULTY OF 17 TEACHERS/STAFF AND 9 ADMINISTRATORS DURING THE 2020-21 FISCAL YEAR. OUR MISSION GUIDES EVERY DECISION AND ACTION AT SOUNDVIEW. IT DIFFERENTIATES US AND SHAPES THE EXCELLENCE OF OUR PROGRAMS. OUR STUDENTS BUILD HABITS AND MINDSETS BASED ON THE ELEMENTS OF OUR MISSION. THEY LEARN SOCIAL RESPONSIBILITY AND THE COMPETENCIES OF CITIZENSHIP AND LEADERSHIP. THROUGHOUT THEIR LIVES, OUR STUDENTS CONTINUE TO LIVE OUR MISSION AS THEY SERVE THEIR COMMUNITIES INTO THE FUTURE. WE ARE ALSO GUIDED BY OUR MISSION WHEN PLANNING AND EXECUTING OUR AFTER-SCHOOL ACTIVITIES AND OUR SUMMER CAMP PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Watson Head Of School | Officer | 40 | $148,900 |
Alison Suttles Secretary | OfficerTrustee | 2 | $0 |
Elizabeth Smith President | OfficerTrustee | 4 | $0 |
Todd Miller Treasurer | OfficerTrustee | 2 | $0 |
Christi Trimble-Kreutz Vice President | OfficerTrustee | 2 | $0 |
Rachel Read Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $40,961 |
| Related organizations | $0 |
| Government grants | $240,100 |
| All other contributions, gifts, grants, and similar amounts not included above | $718,272 |
| Noncash contributions included in lines 1a–1f | $8,108 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $999,333 |
| Total Program Service Revenue | $1,527,551 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$1,659 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,558,979 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $334,265 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $149,087 |
| Compensation of current officers, directors, key employees. | $46,217 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,362,834 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $96,620 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $123,441 |
| Insurance | $16,566 |
| All other expenses | $334,709 |
| Total functional expenses | $2,480,049 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $707,662 |
| Savings and temporary cash investments | $179,503 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $25,516 |
| 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 | $3,476,722 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $17,040 |
| Other assets | $6,900 |
| Total assets | $4,413,343 |
| Accounts payable and accrued expenses | $16,660 |
| Grants payable | $0 |
| Deferred revenue | $241,220 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $2,800,000 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $241,800 |
| Other liabilities | $114,649 |
| Total liabilities | $3,414,329 |
| Net assets without donor restrictions | $999,014 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $4,413,343 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Soundview School has recieved totaling $464,713.
| Awarding Organization | Amount |
|---|---|
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: EDUCATION | $330,000 |
Paypal Charitable Giving Fund Washington, DC PURPOSE: General Support | $67,242 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $47,072 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $12,698 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $7,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $701 |
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 |