West Sound Academy
- Assets
- $5.3m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 31
- Location
- Poulsbo, WA
- Founding
- 06/1998
- Data as of
- 06/2024
- EIN
- 91-1879042
Organization Overview
West Sound Academy is located in Poulsbo, WA. The organization was established in 1998. 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 06/2024, West Sound Academy employed 31 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. West Sound 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 06/2024, West Sound Academy generated $2.4m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $1.9m during the year ending 06/2024. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
WEST SOUND ACADEMY SUPPORTS STUDENTS ALONG AN ENGAGING EDUCATIONAL JOURNEY WHERE THEY CAN IGNITE THEIR UNIQUE SPARK AND LEARN TO USE IT TO MAKE A POSTIVIE IMPACT IN THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLEGE PREPARATORY SCHOOL FOR STUDENTS GRADES 6 THROUGH 12.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Alleman Board Chair | OfficerTrustee | 2 | $0 |
Virginia Staab Vice Chair | OfficerTrustee | 1 | $0 |
Maureen Mckeeman Governance Chair | OfficerTrustee | 1 | $0 |
Brian Mccallister Finance Chair | OfficerTrustee | 1 | $0 |
Tamar Lowell Trustee | Trustee | 1 | $0 |
Madeline Reeves Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $96,939 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $242,754 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $339,693 |
| Total Program Service Revenue | $1,942,054 |
| Investment income | $44,535 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,975 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,351,006 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $107,102 |
| Compensation of current officers, directors, key employees. | $9,639 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $864,145 |
| Pension plan accruals and contributions | $10,340 |
| Other employee benefits | $44,769 |
| Payroll taxes | $88,396 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $654 |
| Fees for services: Other | $92,002 |
| Advertising and promotion | $34,984 |
| Office expenses | $2,350 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $157,874 |
| Travel | $16,945 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $112,335 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $132,042 |
| Insurance | $30,521 |
| All other expenses | $0 |
| Total functional expenses | $1,878,402 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $393,126 |
| Savings and temporary cash investments | $892,185 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $21,643 |
| 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 | $40,201 |
| Net Land, buildings, and equipment | $3,857,272 |
| Investments—publicly traded securities | $21,571 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $4,558 |
| Other assets | $107,948 |
| Total assets | $5,338,504 |
| Accounts payable and accrued expenses | $18,262 |
| Grants payable | $0 |
| Deferred revenue | $295,008 |
| 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 | $3,631,981 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,945,251 |
| Net assets without donor restrictions | $1,393,253 |
| 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 | $5,338,504 |