Charles Wright Academy
- Assets
- $79.7m
- Revenue
- $21.1m
- Investments
- $7.7m
- Employees
- 199
- Location
- Tacoma, WA
- Founding
- 10/1958
- Data as of
- 06/2021
- EIN
- 91-0673111
Organization Overview
Charles Wright Academy is located in Tacoma, WA. The organization was established in 1958. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Charles Wright Academy employed 199 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Charles Wright 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 06/2021, Charles Wright Academy generated $21.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $18.3m during the year ending 06/2021. 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
AN INDEPENDENT SCHOOL FOR CHILDREN FROM PRESCHOOL THROUGH 12TH GRADE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHARLES WRIGHT ACADEMY IS AN INDEPENDENT SCHOOL FOR CHILDREN FROM PRESCHOOL THROUGH 12TH GRADE. OUR TEACHERS SUPPORT, STRETCH, AND CHALLENGE OUR STUDENTS TO BECOME RESILIENT, SELF-RELIANT, INDEPENDENT LEARNERS AND THINKERS. STUDENTS BENEFIT FROM A COMPREHENSIVE CURRICULUM THAT INCLUDES LAB SCIENCE, VISUAL AND PERFORMING ART, FOREIGN LANGUAGE AND PHYSICAL EDUCATION. CLASSROOM LEARNING IS ENHANCED BY INTERSCHOLASTIC ATHLETICS, CLUBS, EXPERIENTIAL LEARNING AND OUTDOOR EDUCATION. AT THE HEART OF THE CHARLES WRIGHT EXPERIENCE IS A COMMUNITY THAT HELPS STUDENTS DEVELOP THEIR FULL POTENTIAL AND BECOME INSPIRED, LIFE-LONG LEARNERS. TOTAL ENROLLMENT FOR THE 2021-22 SCHOOL YEAR WAS 570 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Toby Murray Board Chair | OfficerTrustee | 5 | $0 |
Mark Hood Board Vice Chair | OfficerTrustee | 5 | $0 |
Scott Limoli Board Treasurer | OfficerTrustee | 5 | $0 |
Adam Blackney Board Secretary | OfficerTrustee | 5 | $0 |
Drew Bamford Board Member | Trustee | 2 | $0 |
Roger Bass Board Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Marty K Inc Janatorial Service | 6/29/22 | $397,892 |
Flik Dining Services Food Service | 6/29/22 | $226,637 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,884,132 |
| Investment income | $751,379 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $30,527 |
| Net Gain/Loss on Asset Sales | $1,155,666 |
| Net Income from Fundraising Events | -$23,445 |
| Net Income from Gaming Activities | $3,660 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $21,069,701 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $2,655,377 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $418,901 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,127,976 |
| Pension plan accruals and contributions | $471,409 |
| Other employee benefits | $1,441,463 |
| Payroll taxes | $633,875 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $567,893 |
| Fees for services: Accounting | $58,324 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $71,256 |
| Fees for services: Other | $167,193 |
| Advertising and promotion | $98,516 |
| Office expenses | $112,150 |
| Information technology | $96,809 |
| Royalties | $0 |
| Occupancy | $343,102 |
| Travel | $4,186 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,147 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,641,638 |
| Insurance | $240,296 |
| All other expenses | $0 |
| Total functional expenses | $18,342,601 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,163,269 |
| Savings and temporary cash investments | $2,265,901 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,689,152 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $32,161 |
| Prepaid expenses and deferred charges | $384,202 |
| Investments—publicly traded securities | $34,190,651 |
| Investments—other securities | $7,685,697 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $79,716,455 |
| Accounts payable and accrued expenses | $1,525,958 |
| Grants payable | $0 |
| Deferred revenue | $12,590,903 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $27,400 |
| 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 | $42,987 |
| Total liabilities | $14,187,248 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $65,529,207 |