Overlake School
- Assets
- $103.8m
- Revenue
- $25.7m
- Investments
- $0.0
- Employees
- 247
- Location
- Redmond, WA
- Founding
- 06/1966
- Data as of
- 06/2022
- EIN
- 91-0814431
Organization Overview
Overlake School is located in Redmond, WA. The organization was established in 1966. 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 06/2022, Overlake School employed 247 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Overlake 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 06/2022, Overlake School generated $25.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $24.1m during the year ending 06/2022. While expenses have increased by 2.8% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO INSPIRE EXCELLENCE, DEVELOP INTELLECTUAL CURIOSITY, TEACH RESPONSIBILITY, AND EMBRACE DIVERSITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE OVERLAKE SCHOOL IS AN INDEPENDENT COEDUCATIONAL SUBURBAN DAYSCHOOL, OFFERING A RIGOROUS COLLEGE PREPARATORY PROGRAM IN THE LIBERAL ARTS TRADITION FOR STUDENTS IN GRADES 5 THROUGH 12. THE SCHOOL'S GOAL IS TO PREPARE A DIVERSE STUDENT BODY FOR ADMISSION TO COLLEGES AND UNIVERSITIES AROUND THE COUNTRY AND FOR A LIFETIME OF ONGOING LEARNING AND SUCCESS. DURING THE 2021-2022 SCHOOL YEAR, APPROXIMATELY 540 STUDENTS ATTEND THE OVERLAKE SCHOOL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Horvat Head Of School | Officer | 40 | $316,767 |
Warren Gilles Business Manager | Officer | 40 | $225,778 |
Gerald Buhaly Head Of Upper School | 40 | $162,786 | |
Brisen Brady Development Director | 40 | $154,879 | |
Susan Messier Director Of Communications | 40 | $126,937 | |
Michael Davidson Head Of Middle School | 40 | $113,299 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Marty K Cleaning Services | 6/29/22 | $242,312 |
Sea Conn Llc Construction | 6/29/22 | $2,688,382 |
Seahurst Electric Inc Electrical & Mechanical | 6/29/22 | $135,702 |
Alliance Construction Management Construction Coordination | 6/29/22 | $148,836 |
Johansen Mechanical Hvac Install & Maintenance | 6/29/22 | $126,988 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,273,192 |
| Noncash contributions included in lines 1a–1f | $16,683 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,273,192 |
| Total Program Service Revenue | $22,957,091 |
| Investment income | $850,096 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$350,330 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $25,730,049 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,699,967 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $873,665 |
| Compensation of current officers, directors, key employees. | $873,665 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,060,142 |
| Pension plan accruals and contributions | $778,218 |
| Other employee benefits | $1,417,657 |
| Payroll taxes | $982,122 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,830 |
| Fees for services: Accounting | $61,245 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $838,492 |
| Advertising and promotion | $12,046 |
| Office expenses | $815,095 |
| Information technology | $299,149 |
| Royalties | $0 |
| Occupancy | $1,212,813 |
| Travel | $303,256 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $528,945 |
| Interest | $657,568 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,165,826 |
| Insurance | $312,066 |
| All other expenses | $0 |
| Total functional expenses | $24,117,264 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,152,696 |
| Savings and temporary cash investments | $2,658,013 |
| Pledges and grants receivable | $9,032,458 |
| Accounts receivable, net | $143,571 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,172 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $509,662 |
| Net Land, buildings, and equipment | $55,336,657 |
| Investments—publicly traded securities | $27,965,479 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $103,799,708 |
| Accounts payable and accrued expenses | $2,857,374 |
| Grants payable | $0 |
| Deferred revenue | $2,556,990 |
| Tax-exempt bond liabilities | $23,774,870 |
| 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 | $29,189,234 |
| Net assets without donor restrictions | $65,605,291 |
| Net assets with donor restrictions | $9,005,183 |
| 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 | $103,799,708 |