Summit Public Schools Washington
- Assets
- $27.9m
- Revenue
- $18.4m
- Investments
- $0.0
- Employees
- 122
- Location
- Seattle, WA
- Founding
- 05/2014
- Data as of
- 08/2023
- EIN
- 46-4118400
Organization Overview
Summit Public Schools Washington is located in Seattle, WA. The organization was established in 2014. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 08/2023, Summit Public Schools Washington employed 122 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Summit Public Schools Washington 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 08/2023, Summit Public Schools Washington generated $18.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.5% each year . All expenses for the organization totaled $18.1m during the year ending 08/2023. While expenses have increased by 22.8% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO COLLECTIVELY PREPARE A DIVERSE COMMUNITY OF YOUNG PEOPLE WITH THE SKILLS, KNOWLEDGE, AND HABITS TO ATTAIN ECONOMIC EMPOWERMENT AND SUCCESS IN A CHOSEN CONCRETE NEXT STEP FOR A FULFILLED LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUMMIT PUBLIC SCHOOLS WASHINGTON (SPS WA) WAS FORMED TO OPERATE CHARTER SCHOOLS AS PROVIDED IN THE WASHINGTON STATE CHARTER SCHOOLS ACT. SPS WA'S MISSION IS TO PROVIDE EDUCATIONAL, TECHNICAL, AND SUPPORTING SERVICES TO THE VARIOUS SCHOOLS IN THE STATE. DURING THE YEAR ENDED AUGUST 31, 2023, SPS WA OPERATED 3 SCHOOLS AND SERVED APPROXIMATELY 850 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diane Travenner CEO | Officer | 2 | $0 |
Ed Lee CFO | Officer | 2 | $0 |
Andrea Klein Atlas Ms Executive Director | 40 | $195,774 | |
Daniel Effland Atlas Hs Executive Director | 40 | $139,137 | |
Carrie Crain Olympus Hs History Teacher | 40 | $136,126 | |
Rachel Henty Atlas Ms Math Teacher | 40 | $128,180 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Harlow's Bus Services Inc Student Transportation | 8/30/23 | $580,357 |
Jani - King Of Western Washington Janitorial Services | 8/30/23 | $226,322 |
Mango Strategic Llc Marketing Services | 8/30/23 | $201,565 |
Family Of Agencies - Seneca Special Education Services | 8/30/23 | $570,434 |
Fresh N' Local Food Student Food | 8/30/23 | $162,722 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $13,165,313 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,833,751 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,999,064 |
| Total Program Service Revenue | $0 |
| Investment income | $326,125 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $18,356,018 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,317,831 |
| Pension plan accruals and contributions | $1,017,024 |
| Other employee benefits | $1,092,360 |
| Payroll taxes | $642,125 |
| Fees for services: Management | $405,922 |
| Fees for services: Legal | $11,030 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,018,873 |
| Advertising and promotion | $0 |
| Office expenses | $76,493 |
| Information technology | $490,599 |
| Royalties | $0 |
| Occupancy | $1,671,502 |
| Travel | $9,749 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $39,270 |
| Insurance | $350 |
| All other expenses | $0 |
| Total functional expenses | $18,108,224 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $9,139,075 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $232,346 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $800,759 |
| Net Land, buildings, and equipment | $581,037 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $17,112,688 |
| Total assets | $27,865,905 |
| Accounts payable and accrued expenses | $1,766,954 |
| Grants payable | $0 |
| Deferred revenue | $1,610,365 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $18,494,156 |
| Total liabilities | $21,871,475 |
| Net assets without donor restrictions | $5,994,430 |
| Net assets with donor restrictions | $0 |
| 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 | $27,865,905 |