Charles Wright Academy
- Assets
- $63.7m
- Revenue
- $20.2m
- Investments
- $6.1m
- Employees
- 211
- Location
- Tacoma, WA
- Founding
- 10/1958
- Data as of
- 06/2020
- 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 06/2021, Charles Wright Academy employed 211 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 06/2020, Charles Wright Academy generated $20.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $20.3m during the year ending 06/2020. While expenses have increased by 1.7% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
AN INDEPENDENT SCHOOL FOR GIRLS AND BOYS FROM PRESCHOOL THROUGH 12TH GRADE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHARLES WRIGHT ACADEMY IS AN INDEPENDENT SCHOOL FOR GIRLS AND BOYS 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 2020-21 SCHOOL YEAR WAS 570 STUDENTS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matt Culberson Former Officer | 60 | $211,630 | |
Susan Rice Head Of School | Officer | 60 | $179,419 |
Unhi Pak CFO Thru 11/20 | Officer | 60 | $146,473 |
William Schuver Head Of Middle/upper School | 60 | $137,962 | |
Catherine Ezzo Head Of Upper School | 60 | $113,498 | |
Nancy Schauer Board Chair | OfficerTrustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Marty K Inc Janitorial Services | 6/29/21 | $399,998 |
Mountain Construction Contruction Services | 6/29/21 | $110,613 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,452,539 |
| Investment income | $861,708 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $38,190 |
| Net Gain/Loss on Asset Sales | $364,634 |
| Net Income from Fundraising Events | -$71,547 |
| Net Income from Gaming Activities | $8,200 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $20,214,757 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $2,858,206 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $629,820 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,379,016 |
| Pension plan accruals and contributions | $519,798 |
| Other employee benefits | $1,603,996 |
| Payroll taxes | $707,549 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,720 |
| Fees for services: Accounting | $53,942 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $52,387 |
| Fees for services: Other | $639,100 |
| Advertising and promotion | $83,409 |
| Office expenses | $541,116 |
| Information technology | $99,259 |
| Royalties | $0 |
| Occupancy | $383,470 |
| Travel | $20,674 |
| 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 | $1,539,803 |
| Insurance | $202,829 |
| All other expenses | $0 |
| Total functional expenses | $20,336,969 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,262,610 |
| Savings and temporary cash investments | $4,733,669 |
| Pledges and grants receivable | $1,820 |
| Accounts receivable, net | $198,929 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $41,493 |
| Prepaid expenses and deferred charges | $348,864 |
| Investments—publicly traded securities | $24,467,818 |
| Investments—other securities | $6,054,010 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $63,747,007 |
| Accounts payable and accrued expenses | $1,694,937 |
| Grants payable | $0 |
| Deferred revenue | $3,331,164 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $17,247 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $2,094,580 |
| Other liabilities | $84,914 |
| Total liabilities | $7,222,842 |
| 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 | $56,524,165 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Charles Wright Academy has recieved totaling $49,565.
| Awarding Organization | Amount |
|---|---|
Ben B Cheney Foundation Inc Tacoma, WA PURPOSE: ATHLETICS FACILITIES COMMUNITY IMPROVEMENTS | $25,000 |
Powell Family Foundation Nancy E Powell Family Division Seattle, WA PURPOSE: FOR THE ANNUAL FUND | $12,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $7,227 |
Hyde Family Foundation Lakewood, WA PURPOSE: EDUCATION | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $338 |
Endowment Analysis
| Beg. Balance | $30,252,438 |
| Earnings | $8,105,855 |
| Admin Expense | $71,252 |
| Net Contributions | $11,336 |
| Other Expense | $774,307 |
| Grants | $470,804 |
| Ending Balance | $37,053,266 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Catlin Gabel School Portland, OR | $84,016,930 | $34,455,336 |
Annie Wright Schools Tacoma, WA | $86,822,047 | $28,900,199 |
Bush School Seattle, WA | $78,878,554 | $33,051,809 |
The Northwest School Of The Arts Humanities And Environment Seattle, WA | $79,999,966 | $22,972,982 |
University Preparatory Academy Seattle, WA | $104,232,720 | $29,101,265 |
Bear Creek School Redmond, WA | $66,422,507 | $24,721,144 |
Eastside Preparatory School Kirkland, WA | $91,598,705 | $24,415,326 |
Southern Oregon Child And Family Council Inc Central Point, OR | $12,815,042 | $21,527,920 |
Charles Wright Academy Tacoma, WA | $63,747,007 | $20,214,757 |
Oregonians For Online Education Inc Scio, OR | $4,402,348 | $19,081,202 |
Head Start Of Lane County Springfield, OR | $2,527,429 | $16,579,600 |
Bellevue Christian School Clyde Hill, WA | $30,172,969 | $19,117,313 |