Meridian School
- Assets
- $11.1m
- Revenue
- $8.4m
- Investments
- $5.7k
- Employees
- 82
- Location
- Seattle, WA
- Founding
- 04/1979
- Data as of
- 06/2022
- EIN
- 91-1005629
Organization Overview
Meridian School is located in Seattle, WA. The organization was established in 1979. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Meridian School employed 82 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Meridian 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, Meridian School generated $8.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $7.7m during the year ending 06/2022. While expenses have increased by 7.1% 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
ELEMENTARY EDUCATION FOR GRADES KINDERGARTEN THROUGH 5TH GRADE, INCLUDING BEFORE AND AFTER SCHOOL CARE AND SUMMER CAMP AND ENRICHMENT PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kelley Williams Director Of Finance And Operations | Officer | 40 | $92,097 |
Tracy Bennett Interim Head Of School | Officer | 40 | $73,503 |
Amee Patel Secretary | OfficerTrustee | 10 | $0 |
April Yu Sturgell Vice Chair | OfficerTrustee | 10 | $0 |
Todd Haberly Treasurer | OfficerTrustee | 10 | $0 |
Andrew Beers Chair | OfficerTrustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $773,533 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,116,306 |
| Noncash contributions included in lines 1a–1f | $125,230 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,889,839 |
| Total Program Service Revenue | $6,236,798 |
| Investment income | $316,973 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,560 |
| Net Gain/Loss on Asset Sales | -$6,400 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,438,770 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $818,206 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $336,213 |
| Compensation of current officers, directors, key employees. | $72,647 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,344,410 |
| Pension plan accruals and contributions | $168,514 |
| Other employee benefits | $355,261 |
| Payroll taxes | $291,715 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $306,059 |
| Advertising and promotion | $31,623 |
| Office expenses | $107,547 |
| Information technology | $159,570 |
| Royalties | $0 |
| Occupancy | $653,900 |
| Travel | $65,739 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $94,432 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $219,703 |
| Insurance | $35,970 |
| All other expenses | $0 |
| Total functional expenses | $7,692,212 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,093,765 |
| Savings and temporary cash investments | $170,689 |
| Pledges and grants receivable | $103,666 |
| Accounts receivable, net | $0 |
| 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 | $96,298 |
| Net Land, buildings, and equipment | $1,879,028 |
| Investments—publicly traded securities | $4,755,259 |
| Investments—other securities | $5,659 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $11,104,364 |
| Accounts payable and accrued expenses | $607,569 |
| Grants payable | $0 |
| Deferred revenue | $2,260,914 |
| 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 | $2,927,467 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $384,052 |
| Total liabilities | $6,180,002 |
| Net assets without donor restrictions | $3,201,127 |
| Net assets with donor restrictions | $1,723,235 |
| 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 | $11,104,364 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Meridian School has recieved totaling $129,361.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $93,980 |
The Seattle Foundation Seattle, WA PURPOSE: TO SUPPORT THE MARILYN EASTON ENDOWMENT; TO SUPPORT THE FUND-A-VISION: FUND-A-VISION: EXPERTS AND EXPLORERS | $35,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $381 |
Endowment Analysis
| Beg. Balance | $2,948,931 |
| Earnings | -$198,878 |
| Net Contributions | $8,500 |
| Other Expense | $91,970 |
| Ending Balance | $2,666,583 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Evergreen School Shoreline, WA | $54,109,732 | $18,688,724 |
University Child Development School Seattle, WA | $35,789,355 | $15,422,217 |
Seattle Country Day School Seattle, WA | $55,770,404 | $17,470,349 |
St Thomas School Medina, WA | $79,286,782 | $15,883,490 |
French American School Of Puget Sound Mercer Island, WA | $16,865,271 | $13,425,838 |
The Open Window School Bellevue, WA | $36,380,827 | $12,092,167 |
Gresham Arthur Academy Public Charter School Portland, OR | $14,718,484 | $9,208,791 |
Kings Way Christian Schools Vancouver, WA | $6,224,718 | $10,439,261 |
The Bertschi School Seattle, WA | $29,979,926 | $9,759,275 |
Northwest Christian Schools Inc Colbert, WA | $28,921,822 | $10,264,854 |
Meridian School Seattle, WA | $11,104,364 | $8,438,770 |
Santiam Christian Schools Adair Village, OR | $11,670,742 | $5,933,883 |