Impact Public Schools
- Assets
- $63.4m
- Revenue
- $25.6m
- Investments
- $0.0
- Employees
- 227
- Location
- Tukwila, WA
- Founding
- 01/2017
- Data as of
- 08/2023
- EIN
- 81-4086218
Organization Overview
Impact Public Schools is located in Tukwila, WA. The organization was established in 2017. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 08/2023, Impact Public Schools employed 227 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Impact Public Schools 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, Impact Public Schools generated $25.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 64.1% each year . All expenses for the organization totaled $21.9m during the year ending 08/2023. 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 PREPARE A DIVERSE STUDENT POPULATION TO SUCCEED IN COLLEGE & IMPACT COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IMPACT PUBLIC SCHOOLS (IPSE/ISSE/ICBE) IS A CHARTER SCHOOL NETWORK PROVIDING EDUCATIONAL OPPORTUNITIES TO THE SURROUNDING COMMUNITY AND PROVIDES ITS DIVERSE STUDENTS WITH A HIGH-QUALITY EDUCATION, AS EVIDENCED BY ITS STUDENTS' IMPRESSIVE ACADEMIC RESULTS ON THE 2023 SMARTER BALANCED ASSESSMENT. OVER A DOZEN LANGUAGES ARE SPOKEN AND ITS MULTILINGUAL LEARNERS ARE AMONG THE TOP 7% OF MULTILINGUAL LEARNERS ACROSS WASHINGTON STATE IN BOTH ELA AND MATH. IPSE IS ONE OF THE BEST SCHOOLS IN THE STATE FOR LOW-INCOME STUDENTS SCORING IN THE TOP 3% OF SCHOOLS SERVING LOW-INCOME STUDENTS ACROSS WASHINGTON STATE FOR MATH. IPS IS THE HIGHEST PERFORMING CHARTER SCHOOL IN WASHINGTON STATE FOR MATH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Zavala Board Chair (left Jun '23) | OfficerTrustee | 1 | $0 |
Noah Wepman Board Chair | OfficerTrustee | 1 | $0 |
Faduma Ahmed Board Vice Chair (left Mar '23) | OfficerTrustee | 1 | $0 |
Amanda Sanchez Board Vice Chair (as Of Nov '22) | OfficerTrustee | 1 | $0 |
Patrick Methvin Secretary/treasurer | OfficerTrustee | 1 | $0 |
Micaela Razo Board Member (left Mar '23) | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,365,624 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,872,352 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,237,976 |
| Total Program Service Revenue | $17,264,116 |
| Investment income | $1,487 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $4,000 |
| 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 | $25,615,579 |
| 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. | $564,799 |
| Compensation of current officers, directors, key employees. | $112,960 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,590,087 |
| Pension plan accruals and contributions | $245,070 |
| Other employee benefits | $2,373,865 |
| Payroll taxes | $571,258 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $136,968 |
| Fees for services: Accounting | $114,424 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,327,321 |
| Advertising and promotion | $199,201 |
| Office expenses | $217,452 |
| Information technology | $241,556 |
| Royalties | $0 |
| Occupancy | $385,931 |
| Travel | $530,996 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $215,328 |
| Interest | $1,349,233 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,215,312 |
| Insurance | $84,991 |
| All other expenses | $211,358 |
| Total functional expenses | $21,947,322 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $12,633,476 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $774,265 |
| 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 | $143,076 |
| Net Land, buildings, and equipment | $46,490,035 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $172,567 |
| Other assets | $3,165,737 |
| Total assets | $63,379,156 |
| Accounts payable and accrued expenses | $3,536,760 |
| Grants payable | $0 |
| Deferred revenue | $557,500 |
| 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 | $43,352,538 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,075,900 |
| Total liabilities | $50,522,698 |
| 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 | $3,310,064 |
| Retained earnings, endowment, accumulated income, or other funds | $9,546,394 |
| Total liabilities and net assets/fund balances | $63,379,156 |