Totals
- Total revenue
- $1,695,009
- Total expenses
- $1,763,157
- Contributions and grants received
- $84,968
- Grants paid
- $0
- Program service revenue
- $1,612,447
- Investment income
- $542
- Other revenue
- -$2,948
- Total assets, end of year
- $5,168,668
- Total liabilities, end of year
- $1,005,756
- Net assets or fund balances, end of year
- $4,162,912
- Program services expenses (Part IX)
- $1,692,378
- Management and general expenses
- $60,784
- Fundraising expenses
- $9,995
- Program service expenses (Part III)
- $1,692,378
Program services were 96.0% 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
$9,684
-
1e · Government grants (contributions)
$9,100
-
1f · All other contributions, gifts and grants
$66,184
-
2a · Program service revenue: TUITION
total $1,575,808 · related or exempt $1,575,808
-
2b · Program service revenue: OTHER INCOME
total $16,403 · related or exempt $16,403
-
2c · Program service revenue: ENROLLMENT FEES
total $14,500 · related or exempt $14,500
-
2d · Program service revenue: MATERIAL FEES
total $2,890 · related or exempt $2,890
-
2e · Program service revenue: PIANO LESSONS
total $2,135 · related or exempt $2,135
-
2f · All other program service revenue
total $711 · related or exempt $711
-
3 · Investment income
total $542 · excluded $542
-
8a · Fundraising events: gross income
$0
-
8a · Fundraising events: contributions included on line 1c
$9,684
-
8b · Fundraising events: direct expenses
$2,948
-
8c · Net income from fundraising events
total -$2,948 · excluded -$2,948
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $128,851 · program services $123,529 · management and general $4,729 · fundraising $593
-
7 · Other salaries and wages
total $850,453 · program services $815,329 · management and general $31,212 · fundraising $3,912
-
9 · Other employee benefits
total $19,328 · program services $18,530 · management and general $709 · fundraising $89
-
10 · Payroll taxes
total $82,561 · program services $79,151 · management and general $3,030 · fundraising $380
-
11b · Fees: legal
total $1,545 · management and general $1,545
-
11c · Fees: accounting
total $4,309 · program services $2,809 · management and general $1,500
-
11g · Fees: other
total $7,243 · program services $7,243
-
12 · Advertising and promotion
total $6,678 · program services $5,405 · management and general $1,273
-
13 · Office expenses
total $35,755 · program services $32,562 · management and general $218 · fundraising $2,975
-
14 · Information technology
total $3,064 · program services $2,938 · management and general $112 · fundraising $14
-
16 · Occupancy
total $355,905 · program services $341,206 · management and general $13,062 · fundraising $1,637
-
17 · Travel
total $5,038 · program services $4,830 · management and general $185 · fundraising $23
-
20 · Interest
total $36,709 · program services $35,193 · management and general $1,347 · fundraising $169
-
21 · Payments to affiliates
total $27,425 · program services $27,425
-
22 · Depreciation, depletion and amortization
total $144,401 · program services $144,401
-
23 · Insurance
total $17,491 · program services $16,769 · management and general $642 · fundraising $80
-
24a · Other expenses: BANK FEES
total $26,633 · program services $25,533 · management and general $977 · fundraising $123
-
24b · Other expenses: SCHOOL MATERIALS AND SU
total $9,230 · program services $9,230
-
24c · Other expenses: LICENSES
total $243 · management and general $243
-
24d · Other expenses: AMORTIZATION
total $195 · program services $195
-
24e · All other expenses
total $100 · program services $100
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $329,520 · end of year $67,172
-
2 · Savings and temporary cash investments
beginning of year $51,327 · end of year $114,369
-
10a · Land, buildings and equipment: cost or other basis
$5,877,972
-
10b · Land, buildings and equipment: accumulated depreciation
$928,361
-
10c · Land, buildings and equipment, net
beginning of year $5,026,859 · end of year $4,949,611
-
14 · Intangible assets
beginning of year $7,238 · end of year $7,154
-
15 · Other assets
beginning of year $0 · end of year $30,362
-
17 · Accounts payable and accrued expenses
beginning of year $91,342 · end of year $67,536
-
22 · Loans and payables to officers and key people
beginning of year $725,152 · end of year $565,579
-
23 · Secured mortgages and notes payable
beginning of year $367,390 · end of year $372,641
-
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 $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $4,231,060 · end of year $4,162,912
Mission and programs · 2022
Mission
TO PROVIDE PRIVATE ELEMENTARY EDUCATION TO CHILDREN IN A SAFE ENVIRONMENT USING APPLIED SCHOLASTICS' STUDY TECHNOLOGY, TO PRODUCE HAPPY, CHALLENDGED, SUPPORTED AND WELL-EDUCATED STUDENTS.
Activities or mission (Part I)
TO PROVIDE PRIVATE ELEMENTARY EDUCATION TO CHILDREN IN A SAFE ENVIRONMENT.
-
WE BELIEVE THAT ALL CHILDREN HAVE GREAT POTENTIAL AND START OFF LIFE WITH GREAT INTEREST IN LEARNING, AND THAT DIFFICULTIES IN SCHOOL ARE PRIMARILY A RESULT OF A POOR OR FLAWED EDUCATIONAL APPROACH AND METHODS. IF CHILDREN HAVE A PURPOSE FOR THE SUBJECTS BEING LEARNED, ALONG WITH THE PROPER TOOLS FOR RECOGNIZING BARRIERS TO LEARNING AND HOW TO REMEDY THEM, THEY CAN BE MORE RESPONSIBLE FOR THEIR OWN LEARNING SITUATION AND MAINTAIN THEIR INTEREST IN THE SUBJECTS THEY WANT TO KNOW ABOUT. WE PROVIDE THIS EDUCATION FROM K-6TH GRADE IN ORGANIZED ACTIVITIES USING A FULL-YEAR CURRICULUM. DUE TO ITS LOCATION, CLOSE TO THE UNIVERSITY OF WASHINGTON AND OTHER INTERNATIONAL BUSINESSES, OUR SCHOOL ATTRACTS A DIVERSE POPULATION OF FAMILIES FROM ALL OVER THE WORLD. (CONTINUED ON SCHEDULE O) CURRENTLY SERVING 118 CHILDREN BETWEEN THE AGES OF 2 AND 12 YEARS IN 9 CLASSROOMS.OUR KINDER PREP PROGRAM IS SUCCESSFULLY BRIDGING CHILDREN UP FROM THE PRESCHOOL INTO THE ELEMENTARY, GIVING THEM SKILLS AND EXPERIENCE TO NAVIGATE IN AN ELEMENTARY SETTING, JUST AS OUR GRADUATING STUDENTS ARE ACHIEVING SUCCESS IN THEIR NEW MIDDLE SCHOOL ENVIRONMENTS.
Expenses $1,692,378 · Revenue $1,612,447
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Jeanne FrengJEANNE FRENG
EXECUTIVE DIRECTOR
- Total calculated
- $128,851
- From this org
- $128,851
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Tim StonerTIM STONER
DIRECTOR & PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Shanis WindlandSHANIS WINDLAND
DIRECTOR & TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Shannon BurkeSHANNON BURKE
DIRECTOR & SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Kelly KertchumKELLY KERTCHUM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Jay WindlandJAY WINDLAND
DIRECTOR
- 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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 14 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202313189349306391
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