Mercer Island Schools Foundation
- Assets
- $900.5k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 3
- Location
- Mercer Island, WA
- Founding
- 07/1981
- Data as of
- 08/2023
- EIN
- 91-1143444
Organization Overview
Mercer Island Schools Foundation is located in Mercer Island, WA. The organization was established in 1981. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 08/2023, Mercer Island Schools Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mercer Island Schools Foundation 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 08/2023, Mercer Island Schools Foundation generated $1.1m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $1.2m during the year ending 08/2023. As we would expect to see with falling revenues, expenses have declined by (2.8%) per year over the past 7 years. 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 CONNECT THE RESOURCES OF THE COMMUNITY TO THE IDENTIFIED ACADEMIC NEEDS OF MERCER ISLAND SCHOOLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACADEMIC SUPPORT AND ENRICHMENT: GRANTS WHICH DIRECTLY SUPPORT THE ACADEMIC AND FINE ARTS PROGRAMS IN THE SCHOOLS INCLUDING SCHOOL IMPROVEMENT PLANS, CLASSROOM ENRICHMENT GRANTS, INSTRUCTIONAL MATERIALS, CURRICULUM REVIEWS AND ADOPTIONS, AS WELL AS DESIGNATED GIFTS TO EXTRACURRICULAR PROGRAMS.
PROFESSIONAL DEVELOPMENT OPPORTUNITIES FOR STAFF: GRANTS FOR TEACHER TRAINING AND OPPORTUNITIES FOR NATIONAL BOARD CERTIFICATION SO OUR SCHOOL DISTRICT CAN ATTRACT AND RETAIN EXCELLENT TEACHERS.
THE SPRING FOR SCHOOLS CAMPAIGN WAS AN ONGOING COMMUNITY-WIDE FUNDRAISING CAMPAIGN. FUNDS WERE USED TO HELP THE DISTRICT MAINTAIN THE HIGHEST ACADEMIC STANDARDS AND THE LOWEST CLASS SIZES POSSIBLE.
STUDENT SUPPORT PROGRAMS: GRANTS WHICH SUPPORT THE VARIED AND SPECIAL NEEDS OF STUDENTS, PARTICULARLY SPECIAL SERVICES, THE ELEMENTARY SCHOOL'S 2ND STEP PROGRAM THAT TEACHES SOCIAL/EMOTIONAL LEARNING, THE MIDDLE SCHOOL "WHERE EVERYBODY BELONGS" PROGRAM, AND THE HIGH SCHOOL ISLANDER HOUR PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michelle Dumler President | OfficerTrustee | 5 | $0 |
Sheri Blumenthal Vice President | OfficerTrustee | 5 | $0 |
Daniel Odievich Treasurer | OfficerTrustee | 5 | $0 |
Ruby Azeem Secretary | OfficerTrustee | 5 | $0 |
Meghan Banta Director (incoming Co-President) | Trustee | 2 | $0 |
Lisa Kalscheur Director (incoming Co-President) | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $395,720 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $748,017 |
| Noncash contributions included in lines 1a–1f | $7,800 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,143,737 |
| Total Program Service Revenue | $0 |
| Investment income | $20,740 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $201 |
| Net Income from Fundraising Events | -$43,198 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,121,740 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $882,096 |
| 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. | $111,067 |
| Compensation of current officers, directors, key employees. | $55,534 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $67,599 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $14,513 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,040 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,157 |
| Office expenses | $25,057 |
| Information technology | $9,848 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,546 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,553 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $255 |
| All other expenses | $0 |
| Total functional expenses | $1,180,803 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $115,093 |
| Savings and temporary cash investments | $770,790 |
| Pledges and grants receivable | $10,783 |
| 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 | $3,799 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $900,465 |
| Accounts payable and accrued expenses | $1,037 |
| Grants payable | $455,883 |
| 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 | $0 |
| Total liabilities | $456,920 |
| Net assets without donor restrictions | $290,085 |
| Net assets with donor restrictions | $153,460 |
| 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 | $900,465 |
Grants Awarded
Over the last fiscal year, Mercer Island Schools Foundation has awarded $894,856 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MERCER ISLAND SCHOOL DISTRICT PURPOSE: PROGRAM SUPPORT | $856,007 |
MERCER ISLAND SCHOOLS DRAMA BOOSTERS PURPOSE: PROGRAM SUPPORT | $38,849 |