Spokane International Academy
- Assets
- $28.5m
- Revenue
- $13.7m
- Investments
- $0.0
- Employees
- 147
- Location
- Spokane, WA
- Founding
- 08/2014
- Data as of
- 08/2023
- EIN
- 47-1091821
Organization Overview
Spokane International Academy is located in Spokane, 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, Spokane International Academy employed 147 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Spokane International Academy 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, Spokane International Academy generated $13.7m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 38.3% each year . All expenses for the organization totaled $12.3m during the year ending 08/2023. While expenses have increased by 37.6% per year over the past 8 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
EDUCATION THAT FOCUSES ON HIGH ACADEMIC STANDARDS, DEVELOPING STRONG CHARACTER & GLOBAL WORLD VIEW.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPOKANE INTERNATIONAL ACADEMY EDUCATED AND SERVED 732 STUDENTS ENROLLED IN KINDERGARTEN THROUGH 10TH GRADE FOR THE 2022-2023 SCHOOL YEAR. NEITHER STUDENTS NOR THEIR FAMILIES WERE REQUIRED TO PAY TUITION OR OTHER COSTS. DURING THE SCHOOL YEAR WE RAISED AMPLE FUNDS VIA FUNDRAISING AND IN-KIND DONATIONS TO SUPPORT OUR EDUCATION EFFORTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Velazquez Board Chair | OfficerTrustee | 0.5 | $0 |
Jeff Hyslop Vice-Chair | OfficerTrustee | 0.5 | $0 |
Dr Stacy Hill Secretary | OfficerTrustee | 0.5 | $0 |
Dr Matt Hoag Treasurer | OfficerTrustee | 0.5 | $0 |
James Wilburn Jr Board Member | Trustee | 0.5 | $0 |
Ken Vorhees Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $12,716,188 |
| All other contributions, gifts, grants, and similar amounts not included above | $837,611 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,553,799 |
| Total Program Service Revenue | $145,492 |
| Investment income | $74 |
| 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 | $13,699,365 |
| 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. | $334,832 |
| Compensation of current officers, directors, key employees. | $33,483 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,305,333 |
| Pension plan accruals and contributions | $271,857 |
| Other employee benefits | $1,218,654 |
| Payroll taxes | $458,101 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $20,972 |
| Fees for services: Accounting | $62,148 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $660,089 |
| Advertising and promotion | $4,487 |
| Office expenses | $837,287 |
| Information technology | $122,995 |
| Royalties | $0 |
| Occupancy | $503,800 |
| Travel | $714,090 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $35,760 |
| Interest | $794,577 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $920,343 |
| Insurance | $0 |
| All other expenses | $42,692 |
| Total functional expenses | $12,308,017 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,354,943 |
| Savings and temporary cash investments | $1,356,407 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $307,991 |
| 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 | $77,738 |
| Net Land, buildings, and equipment | $20,815,673 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,549,687 |
| Total assets | $28,462,439 |
| Accounts payable and accrued expenses | $157,978 |
| Grants payable | $0 |
| Deferred revenue | $95,485 |
| Tax-exempt bond liabilities | $19,413,586 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $120,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,489,930 |
| Total liabilities | $21,276,979 |
| Net assets without donor restrictions | $0 |
| 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 | $1,157,883 |
| Retained earnings, endowment, accumulated income, or other funds | $6,027,577 |
| Total liabilities and net assets/fund balances | $28,462,439 |