West Sound Academy
- Assets
- $4.7m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 21
- Location
- Poulsbo, WA
- Founding
- 06/1998
- Data as of
- 06/2021
- EIN
- 91-1879042
Organization Overview
West Sound Academy is located in Poulsbo, WA. The organization was established in 1998. 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, West Sound Academy employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. West Sound Academy 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, West Sound Academy generated $2.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $1.9m during the year ending 06/2021. 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
WEST SOUND ACADEMY IS A COLLEGE PREPARATORY SCHOOL THAT GRADUATES ACCOMPLISHED, CREATIVE, INTELLECTUALLY CURIOUS YOUNG ADULTS PREPARED TO CONTRIBUTE RESPONSIBLY TO THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLEGE PREPARATORY SCHOOL FOR STUDENTS GRADES 6 THROUGH 12.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Phelan Vice Chair | OfficerTrustee | 1 | $0 |
Teri Bicknell Secretary | OfficerTrustee | 1 | $0 |
Crystal Thornell Vice Chair | OfficerTrustee | 1 | $0 |
Bill Hulseman Trustee | Trustee | 1 | $0 |
Madeline Pratt Trustee | Trustee | 1 | $0 |
Andrew Allemann Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $136,920 |
| Related organizations | $0 |
| Government grants | $6,096 |
| All other contributions, gifts, grants, and similar amounts not included above | $70,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $213,016 |
| Total Program Service Revenue | $1,991,304 |
| Investment income | $483 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,204,803 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,003,377 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $114,010 |
| Payroll taxes | $95,925 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $10,704 |
| Office expenses | $11,788 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $11,646 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $155,520 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $134,709 |
| Insurance | $24,101 |
| All other expenses | $115,522 |
| Total functional expenses | $1,880,285 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $434,099 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $39,753 |
| 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 | $26,347 |
| Net Land, buildings, and equipment | $4,228,940 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,729,139 |
| Accounts payable and accrued expenses | $14,809 |
| Grants payable | $0 |
| Deferred revenue | $335,681 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $60,252 |
| Secured mortgages and notes payable | $3,936,246 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,346,988 |
| Net assets without donor restrictions | $352,836 |
| Net assets with donor restrictions | $29,315 |
| 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 | $4,729,139 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that West Sound Academy has recieved totaling $82,533.
| Awarding Organization | Amount |
|---|---|
The Seattle Foundation Seattle, WA PURPOSE: SEE TRANSMITTAL LETTER FOR DESIGNATION OF FUNDS; TO PROVIDE GENERAL SUPPORT; TO SUPPORT THE BUFF THE BUILDINGS CAMPAIGN | $62,000 |
Tt Foundation Seattle, WA PURPOSE: GENERAL PURPOSE | $20,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $533 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Wyeast Mountain Academy Inc Sandy, OR | $1,053,254 | $3,302,025 |
Partnerships For Academically Creative Teaching Terrebonne, OR | $228,241 | $2,919,996 |