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Nonprofiteer
← LAKESIDE SCHOOL

Form 990 for tax year 2022

Filed by LAKESIDE SCHOOL.

Totals

Total revenue
$78,894,742
Total expenses
$54,924,516
Contributions and grants received
$34,262,241
Grants paid
$9,648,516
Program service revenue
$40,779,179
Investment income
$3,263,037
Other revenue
$590,285
Total assets, end of year
$445,547,196
Total liabilities, end of year
$38,688,590
Net assets or fund balances, end of year
$406,858,606
Program services expenses (Part IX)
$44,919,131
Management and general expenses
$8,891,156
Fundraising expenses
$1,114,229
Program service expenses (Part III)
$44,919,131

Program services were 81.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • KAI BYNUM

    HEAD OF SCHOOL

    Total calculated
    $432,307
    From this org
    $406,217
    From related orgs
    $0
    Other
    $26,090
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $325,000
    Bonus
    $198
    Other
    $81,019
    Deferred
    $21,350
    Nontaxable benefits
    $4,740
    Filer's total
    $432,307

  • BERNIE NOE

    HEAD OF SCHOOL (THRU 6/22)

    Total calculated
    $446,462
    From this org
    $367,092
    From related orgs
    $0
    Other
    $79,370
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $278,316
    Bonus
    $84,697
    Other
    $4,079
    Deferred
    $19,763
    Nontaxable benefits
    $59,607
    Filer's total
    $446,462

  • BIRAGE TANDON

    ASST HEAD OF SCHOOL/CFO

    Total calculated
    $368,357
    From this org
    $336,405
    From related orgs
    $0
    Other
    $31,952
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $333,615
    Bonus
    $198
    Other
    $2,592
    Deferred
    $21,350
    Nontaxable benefits
    $10,602
    Filer's total
    $368,357

  • DAIGA GALINS

    DIRECTOR OF DEVELOPMENT

    Total calculated
    $280,064
    From this org
    $228,376
    From related orgs
    $0
    Other
    $51,688
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $222,521
    Bonus
    $198
    Other
    $5,657
    Deferred
    $16,604
    Nontaxable benefits
    $35,084
    Filer's total
    $280,064

  • SUE BELCHER

    HEAD OF DOWNTOWN SCHOOL

    Total calculated
    $252,433
    From this org
    $209,345
    From related orgs
    $0
    Other
    $43,088
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $178,287
    Bonus
    $28,025
    Other
    $3,033
    Deferred
    $13,406
    Nontaxable benefits
    $29,682
    Filer's total
    $252,433

  • WELLESLEY WILSON

    DIRECTOR OF ADMISSIONS

    Total calculated
    $222,832
    From this org
    $197,686
    From related orgs
    $0
    Other
    $25,146
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $183,645
    Bonus
    $196
    Other
    $13,845
    Deferred
    $13,044
    Nontaxable benefits
    $12,102
    Filer's total
    $222,832

  • BRYAN SMITH

    DIRECTOR OF EXPERIENTIAL EDUCATION

    Total calculated
    $228,748
    From this org
    $183,053
    From related orgs
    $0
    Other
    $45,695
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $156,689
    Bonus
    $196
    Other
    $26,168
    Deferred
    $11,905
    Nontaxable benefits
    $33,790
    Filer's total
    $228,748

  • REEM ABU RAHMEH

    MIDDLE SCHOOL DIRECTOR

    Total calculated
    $213,935
    From this org
    $193,000
    From related orgs
    $0
    Other
    $20,935
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $186,345
    Bonus
    $196
    Other
    $6,459
    Deferred
    $13,044
    Nontaxable benefits
    $7,891
    Filer's total
    $213,935

  • JAMES BRITTO

    DIRECTOR OF TECHNOLOGY

    Total calculated
    $207,738
    From this org
    $183,174
    From related orgs
    $0
    Other
    $24,564
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $173,040
    Bonus
    $196
    Other
    $9,938
    Deferred
    $12,312
    Nontaxable benefits
    $12,252
    Filer's total
    $207,738

  • CHRISTOPHER HARTLEY

    DIRECTOR OF ATHLETICS

    Total calculated
    $202,267
    From this org
    $175,245
    From related orgs
    $0
    Other
    $27,022
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $173,442
    Bonus
    $196
    Other
    $1,607
    Deferred
    $12,143
    Nontaxable benefits
    $14,879
    Filer's total
    $202,267

  • ARI WORTHMAN

    DIRECTOR OF COLLEGE COUNSELING

    Total calculated
    $196,517
    From this org
    $172,092
    From related orgs
    $0
    Other
    $24,425
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $171,056
    Bonus
    $196
    Other
    $840
    Deferred
    $12,173
    Nontaxable benefits
    $12,252
    Filer's total
    $196,517

  • FELICIA WILKS

    ASST HEAD OF SCHOOL (THRU 6/22)

    Total calculated
    $165,573
    From this org
    $157,098
    From related orgs
    $0
    Other
    $8,475
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $121,068
    Bonus
    $0
    Other
    $36,030
    Deferred
    $8,475
    Nontaxable benefits
    $0
    Filer's total
    $165,573

  • RYAN BOCCUZZI

    UPPER SCHOOL DIRECTOR

    Total calculated
    $167,307
    From this org
    $146,918
    From related orgs
    $0
    Other
    $20,389
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $108,393
    Bonus
    $215
    Other
    $38,310
    Deferred
    $7,875
    Nontaxable benefits
    $12,514
    Filer's total
    $167,307

  • ARTEMIOS PANOS

    CHAIR

    Total calculated
    $0
    Hours/week
    5

  • SEAN O'DONNELL

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    5

  • MARK KLEBANOFF

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • BRIDGETTE TAYLOR

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • CAREY CRUTCHER SMITH

    IMMEDIATE PAST CHAIR

    Total calculated
    $0
    Hours/week
    5

  • SARAH BARTON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • MICHELLE CHEN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • DAVID DE LA FUENTE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • LLOYD FRINK

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • CHARLOTTE GUYMAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • ANNE MARIE KRIVENS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • MICHAEL NACHBAR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • EDUARDO PENALVER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • NICHOLAS STEVENS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • KEITH TRAVERSE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • BRANDON VAUGHAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • DAVID VICTOR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Housing allowance or residence for personal use
  • 1a · Personal services (maid, chauffeur, chef)
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
BERNIE NOE, FORMER HEAD OF SCHOOL, LIVED IN CAMPUS HOUSING PROVIDED BY LAKESIDE ALONG WITH A HOUSE MANAGER AND HOUSE CLEANER. THE VALUE OF THE HOUSING PROVIDED MET THE REQUIREMENTS OF IRC SECTION 119 AND THEREFORE WAS NOT INCLUDED IN HIS TAXABLE COMPENSATION. KAI BYNUM, FELICIA WILKS, FORMER ASSISTANT HEAD OF SCHOOL AND FORMER UPPER SCHOOL DIRECTOR, AND RYAN BOCCUZZI LIVE IN RENTALS OWNED BY LAKESIDE SCHOOL. THE MARKET VALUE OF THE HOUSING WAS BOOKED AS IMPUTED INCOME. WELLESLEY WILSON LIVED IN A LAKESIDE RENTAL THROUGH 1/16/2023 & REEM ABU RAHMEH LIVED IN A LAKESIDE RENTAL THROUGH 5/16/2022 - BOTH PAID UNDER MARKET RENT WITH THE BALANCE BEING BOOKED AS IMPUTED INCOME.
PART I, LINE 7
KAI BYNUM, HEAD OF SCHOOL, BERNIE NOE, FORMER HEAD OF SCHOOL, BIRAGE TANDON, ASST HEAD OF SCHOOL/CFO, DAIGA GALINS, DIRECTOR OF DEVELOPMENT, SUE BELCHER, HEAD OF DOWNTOWN SCHOOL, BRYAN SMITH, DIRECTOR OF EXPERIENTIAL EDUCATION, WELLESLEY WILSON, DIRECTOR OF ADMISSIONS, REEM ABU RAHMEH, MIDDLE SCHOOL DIRECTOR, JAMES BRITTO, DIRECTOR OF TECHNOLOGY, CHRISTOPHER HARTLEY, DIRECTOR OF ATHLETICS, ARI WORTHMAN, DIRECTOR OF COLLEGE COUNSELING, AND RYAN BOCCUZZI, UPPER SCHOOL DIRECTOR, ALL RECEIVED A BONUS DURING THE YEAR THAT WAS SUBJECT TO THE DISCRETION OF THE BOARD BUT CAPPED AT A FIXED AMOUNT.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • CHARITABLE REMAINDER TRUST (2)

    T · INVESTMENTS · WA · controlled entity

Provenance

Return type
form_990
Tax year
2022
Filed
7 November 2023
IRS schema version
2022v5.0
Source object
202323129349302582

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