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← THE SEATTLE ACADEMY OF ARTS AND SCIENCES

Form 990 for tax year 2023

Filed by THE SEATTLE ACADEMY OF ARTS AND SCIENCES.

Totals

Total revenue
$75,774,051
Total expenses
$67,462,141
Contributions and grants received
$8,949,469
Grants paid
$13,124,401
Program service revenue
$61,348,264
Investment income
$5,315,041
Other revenue
$161,277
Total assets, end of year
$320,931,862
Total liabilities, end of year
$199,025,921
Net assets or fund balances, end of year
$121,905,941
Program services expenses (Part IX)
$56,655,799
Management and general expenses
$9,118,153
Fundraising expenses
$1,688,189
Program service expenses (Part III)
$56,655,799

Program services were 84.0% 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.

  • 1c · Fundraising events

    $1,410,543

  • 1f · All other contributions, gifts and grants

    $7,538,926

  • 1g · Noncash contributions included above

    $405,258

  • 2a · Program service revenue: STUDENT TUITION

    total $58,109,388 · related or exempt $58,109,388

  • 2b · Program service revenue: FEES

    total $3,238,876 · related or exempt $3,238,876

  • 3 · Investment income

    total $4,574,653 · excluded $4,574,653

  • 6a · Gross rents

    real property $2,620

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $2,620

  • 6d · Net rental income or loss

    total $2,620 · excluded $2,620

  • 7a · Gross sales of assets other than inventory

    securities $23,553,280 · other assets $1,000

  • 7b · Less cost or other basis and sales expenses

    securities $22,638,901 · other assets $174,991

  • 7c · Gain or loss

    securities $914,379 · other assets -$173,991

  • 7d · Net gain or loss

    total $740,388 · excluded $740,388

  • 8a · Fundraising events: gross income

    $66,200

  • 8a · Fundraising events: contributions included on line 1c

    $1,410,543

  • 8b · Fundraising events: direct expenses

    $416,469

  • 8c · Net income from fundraising events

    total -$350,269 · excluded -$350,269

  • 9a · Gaming: gross income

    $32,925

  • 9b · Gaming: direct expenses

    $12,280

  • 9c · Net income from gaming

    total $20,645 · excluded $20,645

  • 11a · Other revenue: STUDENT/STAFF PARKING

    total $488,281 · excluded $488,281

  • 11e · Other revenue, total

    $488,281

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,000,000 · program services $2,000,000

  • 2 · Grants to domestic individuals

    total $11,124,401 · program services $11,124,401

  • 5 · Compensation of officers, directors and key employees

    total $2,532,230 · program services $374,637 · management and general $1,778,443 · fundraising $379,150

  • 7 · Other salaries and wages

    total $22,003,641 · program services $18,445,705 · management and general $2,962,083 · fundraising $595,853

  • 8 · Pension plan contributions

    total $1,949,906 · program services $1,628,033 · management and general $256,558 · fundraising $65,315

  • 9 · Other employee benefits

    total $3,614,219 · program services $3,137,173 · management and general $373,936 · fundraising $103,110

  • 10 · Payroll taxes

    total $2,042,134 · program services $1,649,460 · management and general $325,744 · fundraising $66,930

  • 11b · Fees: legal

    total $64,237 · management and general $64,237

  • 11c · Fees: accounting

    total $201,584 · management and general $201,584

  • 11e · Fees: professional fundraising services

    total $161,400 · fundraising $161,400

  • 11g · Fees: other

    total $794,691 · program services $700,817 · management and general $59,418 · fundraising $34,456

  • 12 · Advertising and promotion

    total $15,983 · program services $4,428 · management and general $10,098 · fundraising $1,457

  • 13 · Office expenses

    total $818,275 · program services $347,683 · management and general $424,983 · fundraising $45,609

  • 14 · Information technology

    total $743,257 · program services $674,735 · management and general $40,878 · fundraising $27,644

  • 16 · Occupancy

    total $2,984,722 · program services $2,445,676 · management and general $539,046

  • 17 · Travel

    total $896,008 · program services $896,008

  • 19 · Conferences, conventions and meetings

    total $159,607 · program services $54,430 · management and general $100,979 · fundraising $4,198

  • 20 · Interest

    total $4,616,511 · program services $4,137,664 · management and general $412,824 · fundraising $66,023

  • 22 · Depreciation, depletion and amortization

    total $2,826,403 · program services $2,694,574 · management and general $102,298 · fundraising $29,531

  • 23 · Insurance

    total $1,053,936 · program services $23,954 · management and general $1,029,982

  • 24a · Other expenses: TRANSPORTATION

    total $2,261,091 · program services $2,252,464 · management and general $8,627

  • 24b · Other expenses: DINING PROGRAM

    total $1,871,742 · program services $1,699,182 · management and general $102,943 · fundraising $69,617

  • 24c · Other expenses: CLASSROOM SUPPLIES

    total $1,479,575 · program services $1,376,701 · management and general $65,213 · fundraising $37,661

  • 24d · Other expenses: REPAIRS & MAINTENANCE

    total $1,206,088 · program services $988,074 · management and general $217,779 · fundraising $235

  • 24e · All other expenses

    total $40,500 · management and general $40,500

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $14,327 · end of year $33,867

  • 2 · Savings and temporary cash investments

    beginning of year $21,078,976 · end of year $129,331,811

  • 3 · Pledges and grants receivable

    beginning of year $5,579,589 · end of year $4,178,823

  • 4 · Accounts receivable

    beginning of year $18,304,759 · end of year $44,171,159

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,012,400 · end of year $304,558

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

    $142,222,865

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

    $26,943,601

  • 10c · Land, buildings and equipment, net

    beginning of year $92,808,683 · end of year $115,279,264

  • 11 · Investments: publicly traded securities

    beginning of year $22,694,605 · end of year $25,044,420

  • 15 · Other assets

    beginning of year $3,264,777 · end of year $2,587,960

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,081,782 · end of year $7,234,227

  • 19 · Deferred revenue

    beginning of year $22,156,723 · end of year $51,750,691

  • 20 · Tax-exempt bond liabilities

    beginning of year $23,376,450 · end of year $137,167,766

  • 25 · Other liabilities

    beginning of year $4,508,754 · end of year $2,873,237

  • 27 · Net assets without donor restrictions

    beginning of year $77,463,957 · end of year $81,599,637

  • 28 · Net assets with donor restrictions

    beginning of year $34,170,450 · end of year $40,306,304

Mission and programs · 2023

Mission

SEATTLE ACADEMY IS A DYNAMIC COMMUNITY THAT CHALLENGES STUDENTS TO QUESTION, IMAGINE, AND CREATE IN ORDER TO CONTRIBUTE TO A CHANGING WORLD.

Activities or mission (Part I)

INDEPENDENT, COEDUCATIONAL, COLLEGE PREPARATORY SCHOOL SERVING GRADES 6 - 12.

  • SEATTLE ACADEMY IS A DYNAMIC COMMUNITY THAT CHALLENGES STUDENTS TO QUESTION, IMAGINE, AND CREATE IN ORDER TO CONTRIBUTE TO A CHANGING WORLD. WE SEEK A DIVERSIFIED STUDENT BODY AND FACULTY. WE OFFER A DEMANDING COLLEGE-PREPARATORY CURRICULUM, INTEGRATING THE ARTS AND EMPHASIZING A GLOBAL PERSPECTIVE. WE UTILIZE THE COMPLEX RESOURCES OF OUR URBAN ENVIRONMENT TO EXTEND OUR CLASSROOMS, TO ENHANCE OUR PROGRAMS, AND TO ENGAGE OUR STUDENTS IN PUBLIC SERVICE. SEATTLE ACADEMY ADMITS STUDENTS OF ANY RACE, RELIGION, NATIONALITY OR ETHNIC ORIGIN, SEXUAL ORIENTATION, OR DISABILITY. ENROLLMENT IN THE 2023/2024 ACADEMIC YEAR WAS 1,179.

    Expenses $56,655,799 · Grants $13,124,401 · Revenue $61,348,264

As filed on the 2023 return.

Listed in Part VII

  • Matt Echohawk Hayashi

    CHAIR

    Total calculated
    $0
    Hours/week
    3

  • Marian Joh

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    3

  • Martinique Grigg

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    3

  • Bruce Cady

    TREASURER

    Total calculated
    $0
    Hours/week
    3

  • Claudia Hung

    SECRETARY

    Total calculated
    $0
    Hours/week
    3

  • Andy Baker

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Alana Bell

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Halsey Bell

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jake Byrne

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jennie Fox

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Angela Gaynor

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Kamila Kennedy

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Dwayne McClain

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Tony Mestres

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Tracy Newman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jill Nishi

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Brian Oseran

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Babak Parviz

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Tajal Pastakia

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Darryl Rawlings

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Matt Rosauer

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Mimi Rosen

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Aravind Swaminathan

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Mark Vadon

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Kimberly Watson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Anna Woodard

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Sung Yang

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Rob Phillips

    HEAD OF SCHOOL

    Total calculated
    $748,897
    From this org
    $669,927
    From related orgs
    $0
    Other
    $78,970
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $576,719
    Bonus
    $50,000
    Other
    $43,208
    Deferred
    $36,600
    Nontaxable benefits
    $42,370
    Filer's total
    $748,897

  • Douglas Ambach

    CHIEF FINANCIAL OFFICER

    Total calculated
    $374,643
    From this org
    $289,697
    From related orgs
    $0
    Other
    $84,946
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $289,697
    Bonus
    $0
    Other
    $0
    Deferred
    $24,000
    Nontaxable benefits
    $60,946
    Filer's total
    $374,643

  • Todd Johnson

    CHIEF OPERATIONS OFFICER

    Total calculated
    $265,654
    From this org
    $232,500
    From related orgs
    $0
    Other
    $33,154
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $232,500
    Bonus
    $0
    Other
    $0
    Deferred
    $18,600
    Nontaxable benefits
    $14,554
    Filer's total
    $265,654

  • Giselle Furlonge

    ASSOCIATE HEAD OF SCHOOL

    Total calculated
    $322,921
    From this org
    $284,708
    From related orgs
    $0
    Other
    $38,213
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $284,708
    Bonus
    $0
    Other
    $0
    Deferred
    $23,659
    Nontaxable benefits
    $14,554
    Filer's total
    $322,921

  • Lori Metcalf

    CHIEF ADMISSIONS & ENROLLMENT

    Total calculated
    $199,661
    From this org
    $169,407
    From related orgs
    $0
    Other
    $30,254
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $169,407
    Bonus
    $0
    Other
    $0
    Deferred
    $15,700
    Nontaxable benefits
    $14,554
    Filer's total
    $199,661

  • Sandra Midkiff

    CHIEF DEVELOPMENT OFFICER

    Total calculated
    $300,254
    From this org
    $264,500
    From related orgs
    $0
    Other
    $35,754
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $264,500
    Bonus
    $0
    Other
    $0
    Deferred
    $21,200
    Nontaxable benefits
    $14,554
    Filer's total
    $300,254

  • Giselle Confehr

    HUMAN RESOURCES DIRECTOR

    Total calculated
    $192,514
    From this org
    $164,600
    From related orgs
    $0
    Other
    $27,914
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $164,600
    Bonus
    $0
    Other
    $0
    Deferred
    $13,360
    Nontaxable benefits
    $14,554
    Filer's total
    $192,514

  • Shavette McGhee

    ASST. HEAD OF STUDENT EXPERIENCE

    Total calculated
    $218,476
    From this org
    $181,458
    From related orgs
    $0
    Other
    $37,018
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $181,458
    Bonus
    $0
    Other
    $0
    Deferred
    $22,464
    Nontaxable benefits
    $14,554
    Filer's total
    $218,476

  • James Lemmon

    DIVISION HEAD OF MIDDLE SCHOOL

    Total calculated
    $256,466
    From this org
    $171,458
    From related orgs
    $0
    Other
    $85,008
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $171,458
    Bonus
    $0
    Other
    $0
    Deferred
    $24,062
    Nontaxable benefits
    $60,946
    Filer's total
    $256,466

  • Catherine Ezzo

    DIVISION HEAD OF UPPER SCHOOL

    Total calculated
    $236,304
    From this org
    $161,358
    From related orgs
    $0
    Other
    $74,946
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $161,358
    Bonus
    $0
    Other
    $0
    Deferred
    $14,000
    Nontaxable benefits
    $60,946
    Filer's total
    $236,304

  • William Felton

    TECHNOLOGY DIRECTOR

    Total calculated
    $173,028
    From this org
    $145,918
    From related orgs
    $0
    Other
    $27,110
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $145,918
    Bonus
    $0
    Other
    $0
    Deferred
    $12,556
    Nontaxable benefits
    $14,554
    Filer's total
    $173,028

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 · Compensation committee
  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 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 4B
HEAD OF SCHOOL PARTICIPATED IN A 457(F) NONQUALIFIED DEFERRED COMPENSATION PLAN FOR SERVICE FROM 7/1/23 TO 6/30/24. THE PLAN AWARD IS BASED ON 6% OF HIS ANNUAL BASE SALARY. THE FUNDS ARE INVESTED AT THE BOARD'S DISCRETION. THE AWARD EXPENSE WAS $37,460 FOR FY24. IN ADDITION, THE HEAD OF SCHOOL HAS A 457B PLAN WITH MATCHING FUNDS PAID BY THE SCHOOL. THE EXPENSE TO THE SCHOOL FOR THE 457B WAS $9,000 FOR FY24.
PART I, LINE 7
THE BONUS FOR THE HEAD OF SCHOOL IS DETERMINED AT THE DISCRETION OF THE EXECUTIVE COMMITTEE OF THE BOARD.

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

  • CITY OF SEATTLE

    $2,000,000

    SOUTH PARK COMMUNITY CENTER SITE REDEVELOPMENT

Provenance

Return type
form_990
Tax year
2023
Filed
25 March 2025
IRS schema version
2023v6.0
Source object
202540869349301709

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