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← INNOVATION SPOKANE SCHOOLS

Form 990 for tax year 2024

Filed by INNOVATION SPOKANE SCHOOLS.

Totals

Total revenue
$4,292,421
Total expenses
$4,428,775
Contributions and grants received
$760,359
Grants paid
$0
Program service revenue
$3,278,464
Investment income
$11,365
Other revenue
$242,233
Total assets, end of year
$7,255,023
Total liabilities, end of year
$4,936,648
Net assets or fund balances, end of year
$2,318,375
Program services expenses (Part IX)
$4,185,191
Management and general expenses
$236,202
Fundraising expenses
$7,382
Program service expenses (Part III)
$4,185,191

Program services were 94.5% 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)

    $434,296

  • 1f · All other contributions, gifts and grants

    $326,063

  • 2a · Program service revenue: State Apportionment

    total $3,153,026 · related or exempt $3,153,026

  • 2b · Program service revenue: Food Services

    total $125,438 · related or exempt $125,438

  • 3 · Investment income

    total $11,365 · excluded $11,365

  • 11a · Other revenue: Loan Forgiveness

    total $242,233 · excluded $242,233

  • 11e · Other revenue, total

    $242,233

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $147,641 · program services $118,113 · management and general $22,146 · fundraising $7,382

  • 7 · Other salaries and wages

    total $2,218,304 · program services $2,107,389 · management and general $110,915

  • 8 · Pension plan contributions

    total -$48,883 · program services -$46,439 · management and general -$2,444

  • 9 · Other employee benefits

    total $428,480 · program services $407,056 · management and general $21,424

  • 10 · Payroll taxes

    total $212,348 · program services $201,731 · management and general $10,617

  • 11b · Fees: legal

    total $4,959 · program services $4,711 · management and general $248

  • 11c · Fees: accounting

    total $152,866 · program services $145,223 · management and general $7,643

  • 11g · Fees: other

    total $346,227 · program services $328,915 · management and general $17,312

  • 12 · Advertising and promotion

    total $52,317 · program services $49,701 · management and general $2,616

  • 13 · Office expenses

    total $71,951 · program services $68,353 · management and general $3,598

  • 14 · Information technology

    total $83,067 · program services $78,914 · management and general $4,153

  • 16 · Occupancy

    total $248,194 · program services $235,784 · management and general $12,410

  • 17 · Travel

    total $5,146 · program services $4,889 · management and general $257

  • 19 · Conferences, conventions and meetings

    total $15,664 · program services $14,881 · management and general $783

  • 20 · Interest

    total $5,560 · program services $5,282 · management and general $278

  • 22 · Depreciation, depletion and amortization

    total $85,874 · program services $81,580 · management and general $4,294

  • 23 · Insurance

    total $25,229 · program services $23,968 · management and general $1,261

  • 24a · Other expenses: Student Activities

    total $173,387 · program services $164,718 · management and general $8,669

  • 24b · Other expenses: Oversight Fee

    total $93,715 · program services $89,029 · management and general $4,686

  • 24c · Other expenses: Supplies & Materials

    total $79,262 · program services $75,299 · management and general $3,963

  • 24d · Other expenses: Staff Development

    total $20,041 · program services $19,039 · management and general $1,002

  • 24e · All other expenses

    total $7,426 · program services $7,055 · management and general $371

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,089,601 · end of year $904,941

  • 2 · Savings and temporary cash investments

    beginning of year $1,171,292 · end of year $909,791

  • 4 · Accounts receivable

    beginning of year $13,000 · end of year $18,509

  • 9 · Prepaid expenses and deferred charges

    beginning of year $95,539 · end of year $42,237

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

    $1,002,424

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

    $628,593

  • 10c · Land, buildings and equipment, net

    beginning of year $335,297 · end of year $373,831

  • 15 · Other assets

    beginning of year $6,823,600 · end of year $5,005,714

  • 17 · Accounts payable and accrued expenses

    beginning of year $308,514 · end of year $273,382

  • 19 · Deferred revenue

    beginning of year $4,594

  • 23 · Secured mortgages and notes payable

    beginning of year $378,035 · end of year $88,714

  • 25 · Other liabilities

    beginning of year $7,113,452 · end of year $4,574,552

  • 27 · Net assets without donor restrictions

    beginning of year $2,718,072 · end of year $2,222,853

  • 28 · Net assets with donor restrictions

    beginning of year $5,662 · end of year $95,522

Mission and programs · 2024

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 $4,185,191 · Revenue $3,278,464

As filed on the 2024 return.

Listed in Part VII

  • Courtney Lee

    Chair

    Total calculated
    $0
    Hours/week
    2

  • Ted Zhang

    Treasurer

    Total calculated
    $0
    Hours/week
    2

  • Karen Boone

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Maliek Martin

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Keith Stanhill

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Paige Banaugh

    Executive Director

    Total calculated
    $190,776
    From this org
    $160,000
    From related orgs
    $0
    Other
    $30,776
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $160,000
    Bonus
    $0
    Other
    $0
    Deferred
    $17,264
    Nontaxable benefits
    $13,512
    Filer's total
    $190,776

  • Sara Kennedy

    School Leader

    Total calculated
    $146,316
    From this org
    $121,001
    From related orgs
    $0
    Other
    $25,315
    Hours/week
    40

  • Michelle Portrey

    Special Ed Teacher

    Total calculated
    $144,099
    From this org
    $120,047
    From related orgs
    $0
    Other
    $24,052
    Hours/week
    40

  • Brian Via

    Administrator

    Total calculated
    $131,252
    From this org
    $107,277
    From related orgs
    $0
    Other
    $23,975
    Hours/week
    40

  • Rebecca Clinard

    Teacher

    Total calculated
    $129,240
    From this org
    $105,442
    From related orgs
    $0
    Other
    $23,798
    Hours/week
    40

  • Christopher Hoyt

    Teacher

    Total calculated
    $128,346
    From this org
    $104,633
    From related orgs
    $0
    Other
    $23,713
    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
2024
Filed
20 June 2026
IRS schema version
2024v5.5
Source object
202631739349300043

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