Eastside Preparatory School
- Assets
- $91.6m
- Revenue
- $24.4m
- Investments
- $0.0
- Employees
- 163
- Location
- Kirkland, WA
- Founding
- 12/2002
- Data as of
- 06/2022
- EIN
- 37-1430960
Organization Overview
Eastside Preparatory School is located in Kirkland, WA. The organization was established in 2002. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Eastside Preparatory School employed 163 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Eastside Preparatory School is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Eastside Preparatory School generated $24.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.8% each year. All expenses for the organization totaled $21.4m during the year ending 06/2022. While expenses have increased by 7.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF EASTSIDE PREPARATORY SCHOOL IS TO CREATE AN EXCEPTIONAL LEARNING ENVIRONMENT THAT FOSTERS THE INTELLECTUAL, PHYSICAL, SOCIAL AND EMOTIONAL WELL-BEING OF STUDENTS. THIS IS ACHIEVED THROUGH AN INTERDISCIPLINARY PROGRAM INCORPORATING INQUIRY-BASED AND EXPERIENTIAL INSTRUCTION, THE TEACHERS INSPIRE EACH STUDENT TO DEVELOP INTELLECTUAL CHARACTER, ETHICAL DISCERNMENT AND RESPONSIBILITY FOR SELF AND OTHERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EASTSIDE PREPARATORY SCHOOL PROVIDES INSTRUCTION FOR STUDENTS IN GRADES 5 THROUGH 12. DURING THE 2021-2022 ACADEMIC YEAR, 516 STUDENTS WERE ENROLLED. OUR THINKING CURRICULUM IS THE HALLMARK OF OUR PROGRAM, WHICH FOCUSES ON TEACHING STUDENTS TO THINK LIKE THE WRITERS, SCIENTISTS, HISTORIANS, ARTISTS AND MATHEMATICIANS WHOSE WORK THEY STUDY. AT EASTSIDE PREP, OUR COMMITMENT IS TO ENABLE OUR STUDENTS TO THINK FOR THEMSELVES - AND FOR THE GOOD OF THE PLANET. ADDITIONALLY, EASTSIDE PREPARATORY SCHOOL HAS PROVIDED $1,041,248 IN SCHOLARSHIPS TO AID IN TUITION AND OTHER SCHOOL RELATED COSTS IN 2021-2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terry Macaluso Head Of School | Officer | 40 | $902,858 |
Samuel Uzwack Middle School Head | 40 | $222,166 | |
Casey Otley Director Of Finance & Ops. | Officer | 40 | $205,097 |
Jonathan Briggs Director Of Tech & Innovation | 40 | $193,099 | |
Francis Gummere College Counseling & Alumni | 40 | $179,570 | |
Henry Stegeman Upper School Head | 40 | $174,205 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Valor Builds General Contractor | 6/29/22 | $2,511,201 |
Jan-pro Cleaning Systems Commercial Cleaning | 6/29/22 | $204,043 |
Samian Llc Consulting | 6/29/22 | $147,000 |
Parking & Transportation Mgmt Services Bus Driving Services | 6/29/22 | $156,159 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,079,412 |
| Noncash contributions included in lines 1a–1f | $13,799 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,079,412 |
| Total Program Service Revenue | $21,676,848 |
| Investment income | $216,430 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $39,682 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $402,954 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $24,415,326 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,041,248 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $765,546 |
| Compensation of current officers, directors, key employees. | $399,204 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,007,261 |
| Pension plan accruals and contributions | $430,658 |
| Other employee benefits | $1,264,029 |
| Payroll taxes | $828,123 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $45,042 |
| Fees for services: Accounting | $32,223 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,558 |
| Fees for services: Other | $610,000 |
| Advertising and promotion | $56,423 |
| Office expenses | $713,342 |
| Information technology | $215,676 |
| Royalties | $0 |
| Occupancy | $650,558 |
| Travel | $47,247 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $138,212 |
| Interest | $382,911 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,753,312 |
| Insurance | $0 |
| All other expenses | $265,535 |
| Total functional expenses | $21,444,315 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,190,478 |
| Savings and temporary cash investments | $620,631 |
| Pledges and grants receivable | $98,168 |
| Accounts receivable, net | $9,734,496 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $20,621 |
| Prepaid expenses and deferred charges | $420,965 |
| Net Land, buildings, and equipment | $58,050,797 |
| Investments—publicly traded securities | $21,462,549 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $91,598,705 |
| Accounts payable and accrued expenses | $1,598,711 |
| Grants payable | $0 |
| Deferred revenue | $20,422,000 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $16,041,595 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $140,281 |
| Total liabilities | $38,202,587 |
| Net assets without donor restrictions | $51,083,000 |
| Net assets with donor restrictions | $2,313,118 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $91,598,705 |
Grants Recieved
Over the last fiscal year, we have identified 14 grants that Eastside Preparatory School has recieved totaling $976,529.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $629,924 |
Apex Foundation Bellevue, WA PURPOSE: CAPITAL CAMPAIGN | $75,000 |
Apex Foundation Bellevue, WA PURPOSE: CAPITAL CAMPAIGN | $75,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $59,600 |
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: EDUCATION | $56,250 |
The Seattle Foundation Seattle, WA PURPOSE: TO PROVIDE GENERAL SUPPORT; TO SUPPORT THE EPS ANNUAL FUND | $35,000 |
Endowment Analysis
| Beg. Balance | $149,636 |
| Earnings | $364 |
| Net Contributions | $7,500 |
| Ending Balance | $157,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Catlin Gabel School Portland, OR | $84,016,930 | $34,455,336 |
Annie Wright Schools Tacoma, WA | $86,822,047 | $28,900,199 |
Bush School Seattle, WA | $78,878,554 | $33,051,809 |
The Northwest School Of The Arts Humanities And Environment Seattle, WA | $79,999,966 | $22,972,982 |
University Preparatory Academy Seattle, WA | $104,232,720 | $29,101,265 |
Bear Creek School Redmond, WA | $66,422,507 | $24,721,144 |
Eastside Preparatory School Kirkland, WA | $91,598,705 | $24,415,326 |
Southern Oregon Child And Family Council Inc Central Point, OR | $12,815,042 | $21,527,920 |
Charles Wright Academy Tacoma, WA | $63,747,007 | $20,214,757 |
Oregonians For Online Education Inc Scio, OR | $4,402,348 | $19,081,202 |
Head Start Of Lane County Springfield, OR | $2,527,429 | $16,579,600 |
Bellevue Christian School Clyde Hill, WA | $30,172,969 | $19,117,313 |