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Nonprofiteer
← INNOVATION SPOKANE SCHOOLS

Form 990 for tax year 2023

Filed by INNOVATION SPOKANE SCHOOLS.

Totals

Total revenue
$8,126,739
Total expenses
$7,945,812
Contributions and grants received
$1,415,021
Grants paid
$0
Program service revenue
$6,575,624
Investment income
$14,978
Other revenue
$121,116
Total assets, end of year
$10,528,329
Total liabilities, end of year
$7,804,595
Net assets or fund balances, end of year
$2,723,734
Program services expenses (Part IX)
$7,524,138
Management and general expenses
$413,546
Fundraising expenses
$8,128
Program service expenses (Part III)
$7,524,138

Program services were 94.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $1,359,511

  • 1f · All other contributions, gifts and grants

    $55,510

  • 2a · Program service revenue: State Apportionment

    total $6,332,271 · related or exempt $6,332,271

  • 2b · Program service revenue: Food Services

    total $243,353 · related or exempt $243,353

  • 3 · Investment income

    total $14,978 · excluded $14,978

  • 11a · Other revenue: Loan Forgiveness

    total $121,116 · excluded $121,116

  • 11e · Other revenue, total

    $121,116

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $162,556 · program services $130,045 · management and general $24,383 · fundraising $8,128

  • 7 · Other salaries and wages

    total $3,211,722 · program services $3,051,136 · management and general $160,586

  • 8 · Pension plan contributions

    total $174,494 · program services $165,769 · management and general $8,725

  • 9 · Other employee benefits

    total $554,400 · program services $526,680 · management and general $27,720

  • 10 · Payroll taxes

    total $297,169 · program services $282,311 · management and general $14,858

  • 11b · Fees: legal

    total $1,906 · program services $1,810 · management and general $96

  • 11c · Fees: accounting

    total $165,133 · program services $156,876 · management and general $8,257

  • 11g · Fees: other

    total $355,333 · program services $337,566 · management and general $17,767

  • 12 · Advertising and promotion

    total $21,940 · program services $20,843 · management and general $1,097

  • 13 · Office expenses

    total $43,913 · program services $41,717 · management and general $2,196

  • 14 · Information technology

    total $196,108 · program services $186,303 · management and general $9,805

  • 16 · Occupancy

    total $1,266,915 · program services $1,203,569 · management and general $63,346

  • 17 · Travel

    total $830,360 · program services $788,842 · management and general $41,518

  • 19 · Conferences, conventions and meetings

    total $12,127 · program services $11,521 · management and general $606

  • 20 · Interest

    total $13,528 · program services $12,852 · management and general $676

  • 22 · Depreciation, depletion and amortization

    total $74,887 · program services $71,143 · management and general $3,744

  • 23 · Insurance

    total $49,318 · program services $46,852 · management and general $2,466

  • 24a · Other expenses: Student Activities

    total $210,588 · program services $200,059 · management and general $10,529

  • 24b · Other expenses: Oversight Fee

    total $167,259 · program services $158,896 · management and general $8,363

  • 24c · Other expenses: Supplies & Materials

    total $106,691 · program services $101,356 · management and general $5,335

  • 24d · Other expenses: Staff Development

    total $23,420 · program services $22,249 · management and general $1,171

  • 24e · All other expenses

    total $6,045 · program services $5,743 · management and general $302

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,727,299 · end of year $2,089,601

  • 2 · Savings and temporary cash investments

    beginning of year $656,314 · end of year $1,171,292

  • 4 · Accounts receivable

    beginning of year $33,750 · end of year $13,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $113,297 · end of year $95,539

  • 10a · Land, buildings and equipment: cost or other basis

    $908,035

  • 10b · Land, buildings and equipment: accumulated depreciation

    $572,738

  • 10c · Land, buildings and equipment, net

    beginning of year $410,184 · end of year $335,297

  • 15 · Other assets

    beginning of year $7,465,699 · end of year $6,823,600

  • 17 · Accounts payable and accrued expenses

    beginning of year $459,851 · end of year $308,514

  • 19 · Deferred revenue

    end of year $4,594

  • 23 · Secured mortgages and notes payable

    beginning of year $687,681 · end of year $378,035

  • 25 · Other liabilities

    beginning of year $7,716,204 · end of year $7,113,452

  • 27 · Net assets without donor restrictions

    beginning of year $1,699,989 · end of year $2,718,072

  • 28 · Net assets with donor restrictions

    beginning of year $842,818 · end of year $5,662

Mission and programs · 2023

Mission

To prepare a diverse range of students for a life of learning in post-secondary education, citizenship, and leadership.

  • Operating a public charter school in Spokane, WA

    Expenses $7,524,138 · Revenue $6,575,624

As filed on the 2023 return.

Listed in Part VII

  • Ashley Erickson

    Chair

    Total calculated
    $0
    Hours/week
    2

  • Keith Stanhill

    Vice Chair

    Total calculated
    $0
    Hours/week
    2

  • Courtney Lee

    Treasurer

    Total calculated
    $0
    Hours/week
    2

  • Karen Boone

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Ted Zhang

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Paige Albrecht

    Chief Operations Manager

    Total calculated
    $184,943
    From this org
    $154,570
    From related orgs
    $0
    Other
    $30,373
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $154,570
    Bonus
    $0
    Other
    $0
    Deferred
    $17,765
    Nontaxable benefits
    $12,608
    Filer's total
    $184,943

  • Brenda Eastman

    Superintentend/Principal

    Total calculated
    $210,197
    From this org
    $174,780
    From related orgs
    $0
    Other
    $35,417
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $174,780
    Bonus
    $0
    Other
    $0
    Deferred
    $22,809
    Nontaxable benefits
    $12,608
    Filer's total
    $210,197

  • Michelle Portrey

    Director of Special Ed

    Total calculated
    $133,952
    From this org
    $107,420
    From related orgs
    $0
    Other
    $26,532
    Hours/week
    40

  • Brian Via

    Teacher/Administrator

    Total calculated
    $131,355
    From this org
    $105,093
    From related orgs
    $0
    Other
    $26,262
    Hours/week
    40

  • Andrea Zink

    Administrator

    Total calculated
    $130,361
    From this org
    $103,763
    From related orgs
    $0
    Other
    $26,598
    Hours/week
    40

  • Rebecca Clinard

    Teacher

    Total calculated
    $128,201
    From this org
    $102,310
    From related orgs
    $0
    Other
    $25,891
    Hours/week
    40

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

  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee

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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • Pride Public Charter School Parent Teacher

    501(c)(3) · Charter School Support · WA

Provenance

Return type
form_990
Tax year
2023
Filed
18 February 2025
IRS schema version
2023v6.0
Source object
202500529349300545

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