Lake Washington Education Association
- Assets
- $1.9m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Redmond, WA
- Founding
- 03/1969
- Data as of
- 08/2023
- EIN
- 91-0820344
Organization Overview
Lake Washington Education Association is located in Redmond, WA. The organization was established in 1969. According to its NTEE Classification (B03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Washington Education Association is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 08/2023, Lake Washington Education Association generated $1.5m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $1.5m during the year ending 08/2023. While expenses have increased by 5.6% per year over the past 4 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE CAUSE OF PUBLIC EDUCATION ON BEHALF OF ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE PROGRAMS AND SERVICES TO MEMBER LOCAL ASSOCIATIONS THROUGH COORDINATED ACTIVITIES BETWEEN NATIONAL, STATE, AND LOCAL CONFIGURATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Howard Mawhinney President | Officer | 40 | $196,242 |
Kathryn Badger Vice Preside | Officer | 40 | $158,998 |
Patricia Cook Board Member | Trustee | 2 | $0 |
Fareeha Nasir Board Member | Trustee | 2 | $0 |
Hattie Midboe Board Member | Trustee | 2 | $0 |
Bethany Shoda Board Member | Trustee | 2 | $0 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,448,024 |
| Investment income | $4,264 |
| 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 | $1,453,089 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,188 |
| 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. | $355,240 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $337,921 |
| Pension plan accruals and contributions | $117,712 |
| Other employee benefits | $133,332 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,443 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $36,710 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $164,353 |
| Travel | $10,800 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $98,329 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,930 |
| Insurance | $873 |
| All other expenses | $0 |
| Total functional expenses | $1,505,331 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $64,729 |
| Savings and temporary cash investments | $958,286 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $97,731 |
| 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 | $105,195 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $670,068 |
| Total assets | $1,896,009 |
| Accounts payable and accrued expenses | $119,144 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $782,718 |
| Total liabilities | $901,862 |
| Net assets without donor restrictions | $994,147 |
| 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 | $1,896,009 |
Grants Awarded
Over the last fiscal year, Lake Washington Education Association has awarded $30,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
FRIENDS OF YOUTH | | | $6,000 |
BOYS & GIRLS CLUB OF KING COUNTY | | | $8,000 |
FOOD LIFELINE | | | $10,000 |
TREEHOUSE | | | $6,000 |