Ucic School
- Assets
- $1.8m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 93
- Location
- Bothell, WA
- Founding
- 05/2019
- Data as of
- 08/2021
- 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 08/2021, Ucic School employed 93 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 08/2021, Ucic School generated $3.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (10.8%) each year. All expenses for the organization totaled $2.4m during the year ending 08/2021. As we would expect to see with falling revenues, expenses have declined by (12.9%) per year over the past 3 years. 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
2021
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 | Officer | 50 | $92,650 |
Paige Wescott Elementary Principal | Officer | 50 | $61,220 |
Tina Kim Early Education Director | Officer | 50 | $58,228 |
Samuel Roh Board Member | Trustee | 5 | $0 |
Joong-Bin Im Board Secretary | Trustee | 5 | $0 |
James Kwon Board Chairperson | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $532,765 |
| 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 | $532,765 |
| Total Program Service Revenue | $2,414,235 |
| Investment income | $4,114 |
| 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 | $2,994,067 |
| 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. | $212,098 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,288,502 |
| Pension plan accruals and contributions | $8,300 |
| Other employee benefits | $83,378 |
| Payroll taxes | $150,796 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $33,730 |
| Advertising and promotion | $0 |
| Office expenses | $34,076 |
| Information technology | $678 |
| Royalties | $0 |
| Occupancy | $74,773 |
| Travel | $984 |
| 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 | $0 |
| Insurance | $8,903 |
| All other expenses | $156,707 |
| Total functional expenses | $2,373,999 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $270,219 |
| Savings and temporary cash investments | $1,323,525 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $16,840 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $150,000 |
| Total assets | $1,760,584 |
| Accounts payable and accrued expenses | $1,126 |
| Grants payable | $0 |
| Deferred revenue | $82,373 |
| 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 | $0 |
| Total liabilities | $83,499 |
| Net assets without donor restrictions | $1,677,085 |
| 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 | $1,760,584 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Ucic School has recieved totaling $17.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $17 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Day 1 Academies Mercer Island, WA | $35,976,300 | $29,810,665 |
Villa Academy Seattle, WA | $24,276,388 | $13,840,238 |
Epiphany School Seattle, WA | $36,455,927 | $10,306,014 |
Waldorf School Association Of Seattle Seattle, WA | $16,310,724 | $9,141,587 |
Westside School Seattle, WA | $16,952,387 | $9,211,084 |
Woodinville Montessori School Bothell, WA | $15,931,467 | $9,107,096 |
Portland Jewish Academy Portland, OR | $8,709,251 | $10,309,622 |
Sound Child Care Solutions Seattle, WA | $4,171,227 | $8,436,558 |
Ccs Early Learning Wasilla, AK | $2,890,390 | $8,197,288 |
Friends Of Children And Families Inc Boise, ID | $3,302,852 | $6,133,054 |
Christian School Society Of Portland Portland, OR | $7,285,846 | $6,199,837 |
Lighthouse Christian School Gig Harbor, WA | $9,441,366 | $5,288,130 |