Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $13,212,958

• 1f · All other contributions, gifts and grants

  $224,436

• 2f · All other program service revenue

  total $31,152 · related or exempt $31,152

• 3 · Investment income

  total $76 · excluded $76

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $319,124 · program services $287,212 · management and general $31,912

• 7 · Other salaries and wages

  total $5,726,564 · program services $4,892,739 · management and general $833,825

• 8 · Pension plan contributions

  total $363,391 · program services $303,827 · management and general $59,564

• 9 · Other employee benefits

  total $1,359,700 · program services $1,136,774 · management and general $222,926

• 10 · Payroll taxes

  total $490,526 · program services $420,486 · management and general $70,040

• 11b · Fees: legal

  total $9,318 · management and general $9,318

• 11c · Fees: accounting

  total $33,591 · management and general $33,591

• 11g · Fees: other

  total $748,063 · program services $265,171 · management and general $482,892

• 12 · Advertising and promotion

  total $4,134 · management and general $4,134

• 13 · Office expenses

  total $704,729 · program services $242,627 · management and general $462,102

• 14 · Information technology

  total $127,486 · program services $72,132 · management and general $55,354

• 16 · Occupancy

  total $456,076 · program services $19,563 · management and general $436,513

• 17 · Travel

  total $712,793 · program services $54,716 · management and general $658,077

• 19 · Conferences, conventions and meetings

  total $66,658 · program services $54,333 · management and general $12,325

• 20 · Interest

  total $788,320 · management and general $788,320

• 22 · Depreciation, depletion and amortization

  total $1,082,338 · program services $698,716 · management and general $383,622

• 23 · Insurance

  total $76,181 · management and general $76,181

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $4,354,943 · end of year $5,450,095

• 2 · Savings and temporary cash investments

  beginning of year $1,356,407 · end of year $1,356,329

• 4 · Accounts receivable

  beginning of year $307,991 · end of year $21,745

• 9 · Prepaid expenses and deferred charges

  beginning of year $77,738 · end of year $55,202

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

  $23,312,204

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

  $3,075,826

• 10c · Land, buildings and equipment, net

  beginning of year $20,815,673 · end of year $20,236,378

• 15 · Other assets

  beginning of year $1,549,687 · end of year $1,653,328

• 17 · Accounts payable and accrued expenses

  beginning of year $157,978 · end of year $381,712

• 19 · Deferred revenue

  beginning of year $95,485 · end of year $68,916

• 20 · Tax-exempt bond liabilities

  beginning of year $19,413,586 · end of year $19,268,439

• 23 · Secured mortgages and notes payable

  beginning of year $120,000 · end of year $0

• 25 · Other liabilities

  beginning of year $1,489,930 · end of year $1,468,920

• 29 · Capital stock, trust principal or current funds

  beginning of year $0 · end of year $0

• 30 · Paid-in or capital surplus, or land, building or equipment fund

  beginning of year $1,157,883 · end of year $767,246

• 31 · Retained earnings, endowment or other funds

  beginning of year $6,027,577 · end of year $6,817,844

The filer's explanations (Part III)

Form 990, Schedule J Part II, Column C

The Organization participates in Washington State defined benefit plans managed by the Washington State Department of Retirement Systems. Due to the size and varied participants in this plan the actuarial value is not calculated on a per employee basis. The amount included in column C for deferred compensation includes the actual contributions to the plan but does not include any amount for a reasonable estimate of the increase in actuarial value.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• Spokane International Academy - Magnesium LLC

  Real Estate Holding · WA · income $1,034,425 · assets $19,478,407

  Directly controlled by Spokane International Academy