Cascade Public Schools
- Assets
- $13.5m
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 55
- Location
- Des Moines, WA
- Founding
- 07/2019
- Data as of
- 08/2023
- EIN
- 83-3285687
Organization Overview
Cascade Public Schools is located in Des Moines, WA. The organization was established in 2019. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 08/2023, Cascade Public Schools employed 55 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cascade 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, Cascade Public Schools generated $3.6m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 64.9% each year . All expenses for the organization totaled $4.3m 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
WHY NOT YOU ACADEMY WILL SURROUND STUDENTS WITH A WEB OF SUPPORTS, FROM CARING TEACHERS, SUCCESS-FOCUSED PEERS, EXPERIENCED SCHOOL LEADERS, MENTORS FROM THE PROFESSIONAL COMMUNITY, AND INTERNSHIPS FOCUSED ON REAL-WORLD APPLICATIONS OF THEIR CLASSROOM LEARNING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATING A CHARTER SCHOOL IN DES MOINES, WA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bobby Humes Member | Trustee | 2 | $0 |
Tonya Seabern Member | Trustee | 2 | $0 |
Katherine Silberstein Secretary/treasurer | OfficerTrustee | 2 | $0 |
Chika Monu Member | Trustee | 2 | $0 |
Bonnie Lathram Member | Trustee | 2 | $0 |
Casey Agena Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Washington Charter School Development Building Construction | 12/30/20 | $369,537 |
Workspace Development Llc Building Furniture | 8/30/21 | $151,633 |
Korsmo Construction Building Construction | 8/30/21 | $665,852 |
Korsmo Construction Building Construction | 12/30/20 | $101,613 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $852,863 |
| All other contributions, gifts, grants, and similar amounts not included above | $309,279 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,162,142 |
| Total Program Service Revenue | $2,430,786 |
| Investment income | $10,932 |
| 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 | $3,603,860 |
| 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. | $144,407 |
| Compensation of current officers, directors, key employees. | $21,661 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,453,733 |
| Pension plan accruals and contributions | $170,496 |
| Other employee benefits | $239,058 |
| Payroll taxes | $114,816 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,992 |
| Fees for services: Accounting | $159,753 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $488,070 |
| Advertising and promotion | $72,178 |
| Office expenses | $117,066 |
| Information technology | $109,859 |
| Royalties | $0 |
| Occupancy | $581,164 |
| Travel | $38,174 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,092 |
| Interest | $166,559 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $177,199 |
| Insurance | $49,027 |
| All other expenses | $0 |
| Total functional expenses | $4,318,425 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $664,663 |
| Savings and temporary cash investments | $417,707 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,071,034 |
| 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 | $45,265 |
| Net Land, buildings, and equipment | $5,252,249 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,009,868 |
| Total assets | $13,460,786 |
| Accounts payable and accrued expenses | $95,627 |
| Grants payable | $0 |
| Deferred revenue | $43,124 |
| 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 | $3,994,372 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,713,579 |
| Total liabilities | $10,846,702 |
| Net assets without donor restrictions | $2,436,344 |
| Net assets with donor restrictions | $177,740 |
| 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 | $13,460,786 |