Ucic School
- Assets
- $5.2m
- Revenue
- $4.4m
- Investments
- $0.0
- Employees
- 89
- Location
- Bothell, WA
- Founding
- 05/2019
- Data as of
- 08/2023
- EIN
- 82-2672988
Organization Overview
Ucic School is located in Bothell, WA. The organization was established in 2019. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 08/2023, Ucic School employed 89 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ucic 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 08/2023, Ucic School generated $4.4m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $4.3m during the year ending 08/2023. While expenses have increased by 3.7% per year over the past 5 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
OUR MISSION IS TO TEACH TRUE KNOWLEDGE AND WISDOM THROUGH A BIBLICALLY-BASED, ACADEMICALLY EXCELLENT EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
UCIC SCHOOL PROVIDES A HIGH-QUALITY EDUCATION TO TEACH APPROXIMATELY 350 STUDENTS IN PRESCHOOL THROUGH 5TH GRADE WITH TRUE KNOWLEDGE AND WISDOM THROUGH A BIBLICALLY-BASED, ACADEMICALLY EXCELLENT EDUCATION. THE UCIC IS TO ENSURE THAT THE CREATION OF CHRISTIAN CULTURE FOR BETTER COMMUNITY TO INSTILL A GODLY PERSPECTIVE AND BIBLICAL WORLDVIEW IN THE HEART AND MIND OF EACH STUDENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Seungho Pi Head Of School | 40 | $143,206 | |
Teresa Ju Elementary Principal | Officer | 40 | $69,137 |
Hart Kelsey Admissions Director | Officer | 40 | $50,896 |
Samuel Roh Board Member | Trustee | 5 | $0 |
James Kwon Board Chairperson | Trustee | 5 | $0 |
Joong-Bin Im Board Secretary | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $36,400 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $36,400 |
| Total Program Service Revenue | $4,235,363 |
| Investment income | $429 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $96,000 |
| 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 | $4,398,110 |
| 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. | $263,239 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,498,763 |
| Pension plan accruals and contributions | $11,265 |
| Other employee benefits | $135,581 |
| Payroll taxes | $257,878 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $78,097 |
| Advertising and promotion | $8,331 |
| Office expenses | $90,884 |
| Information technology | $7,537 |
| Royalties | $0 |
| Occupancy | $73,291 |
| Travel | $1,554 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $110,939 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $73,980 |
| Insurance | $12,965 |
| All other expenses | $323,845 |
| Total functional expenses | $4,316,706 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $416,645 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,538 |
| 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 | $0 |
| Net Land, buildings, and equipment | $4,823,504 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $351 |
| Total assets | $5,248,038 |
| Accounts payable and accrued expenses | $8,171 |
| Grants payable | $0 |
| Deferred revenue | $89,671 |
| 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 | $3,112,310 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,210,152 |
| Net assets without donor restrictions | $2,037,886 |
| 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 | $5,248,038 |