2024-11-12T17:32:54-06:00 2024-06-30 911194016 CLARK NUBER PS 10900 NE 4TH STREET SUITE 1400 BELLEVUE WA 98004 990 2023-07-01 910564971 LAKESIDE SCHOOL LAKE 2063683610 14050 1ST AVE NE SEATTLE WA 98125 BIRAGE TANDON ASSOCIATE HEAD OF SCHOOL/CFO 2063683610 2024-11-12 1 0 SARAH B HUANG P00745974 4254544919 2024-11-12 2023 2024-10-15 13:58:12Z KAI BYNUM 14050 1ST AVE NE SEATTLE WA 98125 117804297 0 X WWW.LAKESIDESCHOOL.ORG X 1923 WA TO EDUCATE STUDENTS IN GRADES 5-12. 20 20 545 220 0 0 34262241 19587206 40779179 42670628 3263037 14310511 590285 475128 78894742 77043473 9648516 10204204 0 0 31510758 34287152 0 0 1418634 13765242 14218538 54924516 58709894 23970226 18333579 445547196 496836195 38688590 41758388 406858606 455077807 X THE MISSION OF LAKESIDE SCHOOL IS TO DEVELOP IN INTELLECTUALLY CAPABLE YOUNG PEOPLE THE CREATIVE MINDS, HEALTHY BODIES, AND ETHICAL SPIRITS NEEDED TO CONTRIBUTE WISDOM, COMPASSION, AND LEADERSHIP TO A GLOBAL SOCIETY. WE PROVIDE A RIGOROUS, DYNAMIC ACADEMIC PROGRAM THROUGH WHICH EFFECTIVE EDUCATORS LEAD STUDENTS TO TAKE RESPONSIBILITY FOR LEARNING. WE ARE COMMITTED TO SUSTAINING A SCHOOL IN WHICH INDIVIDUALS REPRESENTING DIVERSE CULTURES AND EXPERIENCES INSTRUCT ONE ANOTHER IN THE MEANING AND VALUE OF COMMUNITY AND IN THE JOY AND IMPORTANCE OF LIFELONG LEARNING. 0 0 42504877 9156398 37847955 LAKESIDE SCHOOL CONTINUES ITS FOCUS ON THE CORE ELEMENTS OF ITS MISSION: ACADEMIC EXCELLENCE, DIVERSITY, AND GLOBAL EDUCATION, TO PROVIDE A WORLD CLASS EDUCATION FOR THE 21ST CENTURY. IN ADDITION TO ITS COMPREHENSIVE SCHOOL-YEAR PROGRAM, THE SCHOOL OFFERS A RICH ARRAY OF SUMMER ACADEMIC COURSES AND STEM AND ATHLETIC CAMPS AS WELL AS THE LAKESIDE EXPERIENTIAL EDUCATIONAL PROGRAM (LEEP), WHICH SERVES RISING 6TH AND 9TH GRADERS IN THE SEATTLE PUBLIC SCHOOLS BY PROVIDING GREATER ACCESS TO LAKESIDE'S CAMPUS AND OPPORTUNITIES. 3217150 720608 1780535 AUXILIARY ENTERPRISES - LAKESIDE'S FOOD SERVICE FOCUSES ON SERVING STUDENTS AND EMPLOYEES HEALTHY FOOD AND BEVERAGE OPTIONS FOR BREAKFAST, LUNCH, AND SNACKS. ETHNICALLY DIVERSE FOOD CHOICES ARE OFTEN OFFERED AT LUNCH TO SUPPORT THE GLOBAL EDUCATION INITIATIVE. TO SUPPORT TOOLS FOR LEARNING, LAKESIDE SELLS LAPTOP COMPUTERS AND E-LEARNING MATERIALS TO STUDENTS' FAMILIES. 2683816 327198 3042138 THE DOWNTOWN SCHOOL, A MICRO SCHOOL IN SEATTLE CENTER, OPENED IN FALL 2018. THE MODEL PRESERVES THE ESSENCE OF A LAKESIDE ACADEMIC EDUCATION AT APPROXIMATELY HALF THE TUITION. 48405843 1 1 0 0 0 0 0 0 1 1 1 1 0 0 1 0 1 0 1 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 1 0 0 0 0 1 0 0 0 1 X 99 0 545 1 1 0 0 0 0 0 0 0 0 0 0 0 0 X 20 20 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 CA X BIRAGE TANDON 2063683610 14050 1ST AVE NE SEATTLE WA 98125 KAI BYNUM HEAD OF SCHOOL 40.00 0.00 X X 826032 0 33385 ARTEMIOS PANOS CHAIR 5.00 0.00 X X 0 0 0 SEAN O'DONNELL VICE CHAIR 5.00 0.00 X X 0 0 0 BRIDGETTE TAYLOR SECRETARY 5.00 0.00 X X 0 0 0 MARK KLEBANOFF TREASURER 5.00 0.00 X X 0 0 0 CAREY CRUTCHER SMITH IMMEDIATE PAST CHAIR 2.00 0.00 X 0 0 0 DR SARAH BARTON TRUSTEE 2.00 0.00 X 0 0 0 NATE BENJAMIN TRUSTEE 2.00 0.00 X 0 0 0 JOANNA BLACK TRUSTEE 2.00 0.00 X 0 0 0 MICHELLE CHANG CHEN TRUSTEE 2.00 0.00 X 0 0 0 DAVID DE LA FUENTE TRUSTEE 2.00 0.00 X 0 0 0 LLOYD D FRINK TRUSTEE 2.00 0.00 X 0 0 0 CHARLOTTE GUYMAN TRUSTEE 2.00 0.00 X 0 0 0 MICHAEL NACHBAR TRUSTEE 2.00 0.00 X 0 0 0 GURDEEP PALL TRUSTEE 2.00 0.00 X 0 0 0 EDUARDO PENALVER TRUSTEE 2.00 0.00 X 0 0 0 KEITH TRAVERSE TRUSTEE 2.00 0.00 X 0 0 0 BRANDON VAUGHAN TRUSTEE 2.00 0.00 X 0 0 0 DAVID VICTOR TRUSTEE 2.00 0.00 X 0 0 0 ANNA WHITE TRUSTEE 2.00 0.00 X 0 0 0 BIRAGE TANDON ASST. HEAD OF SCHOOL/CFO 40.00 0.00 X 419091 0 36085 SUE BELCHER HEAD OF DOWNTOWN SCHOOL 40.00 0.00 X 264835 0 44798 RYAN BOCCUZZI UPPER SCHOOL DIRECTOR 40.00 0.00 X 266508 0 42889 DAIGA GALINS DIRECTOR OF DEVELOPMENT 40.00 0.00 X 241541 0 55288 REEM ABU RAHMEH MIDDLE SCHOOL DIRECTOR 40.00 0.00 X 201570 0 22603 JAMIE ASAKA DIRECTOR OF STUDENT SUPPORT 40.00 0.00 X 177559 0 55065 WELLESLEY WILSON DIRECTOR OF ADMISSIONS 40.00 0.00 X 202847 0 24482 JAMIE BRITTO DIRECTOR OF TECHNOLOGY 40.00 0.00 X 193805 0 26358 CHRISTOPHER HARTLEY DIRECTOR OF ATHLETICS 40.00 0.00 X 185536 0 23129 ARI WORTHMAN DIRECTOR OF COLLEGE COUNSELING 40.00 0.00 X 182426 0 25495 3161750 0 389577 95 0 1 0 LMN ARCHITECTS LLP 801 2ND AVE STE 501 SEATTLE WA 98104 ARCHITECTURAL SERVICES 713725 KNOWING TECHNOLOGIES LLC 660 PRICE AVE STE C REDWOOD CITY CA 94063 TECHNOLOGY SERVICES 589769 SENECA GROUP INC 1191 2ND AVE UNIT 1500 SEATTLE WA 98101 BUILDING PROJECT MANAGEMENT SERVICES 341007 DURABLE CAPITAL ONSHORE FUND LP 4747 BETHESDA AVENUE 1002 BETHESDA MD 20814 INVESTMENT MANAGEMENT FEES 337834 CAMBRIDGE ASSOCIATES 115 FEDERAL STREET SUITE 2600 BOSTON MA 02110 INVESTMENT ADVISORY SERVICES 330162 21 19587206 755543 19587206 TUITION FEES 611600 40890093 40890093 AUXILIARY SERVICES 611710 1780535 1780535 42670628 5966989 5966989 449033 0 449033 449033 449033 47657636 1446710 40697257 63567 6960379 1383143 8343522 8343522 REFUNDS/REBATES 900099 19555 19555 FSA UNUSED FORFEITURES 900099 6105 6105 435 435 26095 77043473 42670628 0 14785639 10204204 10204204 2392125 504494 1595319 292312 25239776 21740726 2728667 770383 1430597 1225052 154830 50715 3328643 2772537 471825 84281 1896011 1593708 228423 73880 173498 8574 164924 66392 66392 2064605 2064605 722846 320577 393954 8315 31995 25986 6009 2712011 2345118 300296 66597 824704 645257 172231 7216 2576852 2459491 94158 23203 1355608 1301910 53072 626 145889 124168 19556 2165 2614704 2510116 78441 26147 403950 306685 94792 2473 HOSPITALITY 451511 262676 178514 10321 TUITION EXPENSE 54564 54564 TAXES 2198 2198 17211 17211 58709894 48405843 8885417 1418634 1562150 2891297 5345518 75630124 11567641 3180538 27722384 30841964 44100 110033 2035878 2364541 97002518 35940057 58949622 61062461 143746545 131729453 192979276 187591418 1594082 1434366 445547196 496836195 4236258 4979703 31582014 35188209 1242313 174162 1628005 1416314 38688590 41758388 X 133681479 142153594 273177127 312924213 406858606 455077807 445547196 496836195 X 18333579 29795518 90104 X 0 1 X 1 0 X 6050674 8246570 6162931 34262241 19587206 74309622 6050674 8246570 6162931 34262241 19587206 74309622 39691785 34617837 3755830 2427403 3583828 4406090 6416022 20589173 30393 17756 9639 119482 26095 203365 95102160 193216132 0.36400 0.43330 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: REFUNDS/REBATES - 2019 AMOUNT: $ 13,326. 2020 AMOUNT: $ 17,237. 2021 AMOUNT: $ 5,342. 2022 AMOUNT: $ 25,893. 2023 AMOUNT: $ 19,555. UNCLAIMED PROPERTY - 2019 AMOUNT: $ 9,550. 2021 AMOUNT: $ 1,567. MISCELLANEOUS INCOME - 2019 AMOUNT: $ 3,007. 2020 AMOUNT: $ 279. 2021 AMOUNT: $ 2,690. 2022 AMOUNT: $ 530. 2023 AMOUNT: $ 435. BOOK SALES - 2019 AMOUNT: $ 4,510. 2020 AMOUNT: $ 240. 2021 AMOUNT: $ 40. BUS EXCHANGE PROGRAM - 2022 AMOUNT: $ 93,059. FSA UNUSED FORFEITURES - 2023 AMOUNT: $ 6,105. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 264113597 879262 34061185 10141183 288912861 248963672 1279914 23158414 9288403 264113597 280694888 2332710 -25581816 8482110 248963672 214462398 1759684 71980513 7507707 280694888 223288275 1052066 -1442065 8435878 214462398 0.03024 0.51977 0.44999 0 0 2890168 2890168 75119614 27393201 47726413 1687514 974687 712827 6241677 3060988 3180689 11063545 4511181 6552364 61062461 ALTERNATIVE INVESTMENTS 185980724 F CHARITABLE REMAINDER TRUSTS 1610694 F 187591418 LEASE LIABILITY 1416314 1416314 94660286 29795518 -10114100 19681418 74978868 2064605 2064605 77043473 46441085 0 46441085 2064605 10204204 12268809 58709894 PART IV, LINE 2B: LAKESIDE'S AGENCY FUNDS REPRESENT A VARIETY OF ACCOUNTS THAT THE SCHOOL MAINTAINS FOR STUDENT GROUPS AND PROGRAMS. THE FUNDS ARE GENERALLY MAINTAINED BY THE SCHOOL AND THE TREASURER/ADMINISTRATOR OF THE ORGANIZATION/CLUB DEPOSITS AND WITHDRAWS FUNDS FROM LAKESIDE AS NEEDED. PART V, LINE 4: THE EARNINGS ARE DESIGNATED FOR THE FOLLOWING PURPOSES: FINANCIAL AID FOR STUDENTS, EDUCATIONAL PROGRAMS, EMPLOYEE COMPENSATION AND PROFESSIONAL GROWTH, PURCHASE AND/OR PRESERVATION OF CAPITAL ASSETS, AND GENERAL OPERATIONS OF THE SCHOOL. PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID -10,204,204. CHANGE IN VALUE OF TRUSTS 90,104. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 10,204,204. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 THE SCHOOL'S NONDISCRIMINATORY POLICY IS ON THE WEBSITE AND PART OF THE STATEMENT OF COMMUNITY EXPECTATIONS THAT ALL COMMUNITY MEMBERS MUST ASSERT THAT THEY HAVE READ AND ACKNOWLEDGED EACH YEAR AS PART OF THE ENROLLMENT/RE-ENROLLMENT PROCESS (FOR STUDENTS AND FAMILIES) AND EMPLOYMENT CONTRACT RENEWALS (FOR EMPLOYEES). CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS N/A 31763262 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENTS N/A 12715460 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES COMMUNITY SERVICE AND CULTURAL IMMERSION 81583 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES COMMUNITY SERVICE AND CULTURAL IMMERSION 512006 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES COMMUNITY SERVICE AND CULTURAL IMMERSION 120122 SOUTH AMERICA 0 0 PROGRAM SERVICES COMMUNITY SERVICE AND CULTURAL IMMERSION 108553 NORTH AMERICA - CANADA AND MEXICO 0 1 PROGRAM SERVICES COMMUNITY SERVICE AND CULTURAL IMMERSION 2250 0 1 0 0 0 1 45303236 0 45303236 1 0 1 0 1 0 PART I, LINE 3: EXPENDITURES ARE BASED ON THE ACCRUAL METHOD OF ACCOUNTING. 1 FINANCIAL AID FOR TUITION 308 9483596 BOOK VALUE REDUCTION OF FAMILIES' TUITION COST FINANCIAL AID FOR OTHER SCHOOL-RELATED COSTS 308 720608 BOOK VALUE REDUCTION OF GENERAL SCHOOL COSTS PART I, LINE 2: FAMILIES EXPENSES FOR STUDENTS' TUITION AND OTHER COSTS AT LAKESIDE SCHOOL ARE REDUCED BY AN AMOUNT WHICH IS DERIVED FROM A FORMAL APPLICATION AND CURRENT TAX RETURNS, USING A NATIONAL FINANCIAL AID SERVICE (SSS) FOR CONSISTENT CALCULATION. X X 1 1 X X X X X 0 0 0 0 0 0 0 1 0 KAI BYNUM HEAD OF SCHOOL 650000 0 124700 0 51332 0 23100 0 10285 0 859417 0 0 0 BIRAGE TANDON ASST. HEAD OF SCHOOL/CFO 376541 0 40198 0 2352 0 23100 0 12985 0 455176 0 0 0 SUE BELCHER HEAD OF DOWNTOWN SCHOOL 191864 0 29427 0 43544 0 14179 0 30619 0 309633 0 0 0 RYAN BOCCUZZI UPPER SCHOOL DIRECTOR 223925 0 200 0 42383 0 16262 0 26627 0 309397 0 0 0 DAIGA GALINS DIRECTOR OF DEVELOPMENT 235477 0 198 0 5866 0 17562 0 37726 0 296829 0 0 0 JAMIE ASAKA DIRECTOR OF STUDENT SUPPORT 166330 0 217 0 11012 0 12785 0 42280 0 232624 0 0 0 WELLESLEY WILSON DIRECTOR OF ADMISSIONS 199369 0 197 0 3281 0 13972 0 10510 0 227329 0 0 0 REEM ABU RAHMEH MIDDLE SCHOOL DIRECTOR 199594 0 196 0 1780 0 13972 0 8631 0 224173 0 0 0 JAMIE BRITTO DIRECTOR OF TECHNOLOGY 182986 0 217 0 10602 0 13023 0 13335 0 220163 0 0 0 CHRISTOPHER HARTLEY DIRECTOR OF ATHLETICS 183485 0 215 0 1836 0 12844 0 10285 0 208665 0 0 0 ARI WORTHMAN DIRECTOR OF COLLEGE COUNSELING 181369 0 217 0 840 0 12860 0 12635 0 207921 0 0 0 PART I, LINE 1A THE HEAD OF SCHOOL ELECTS FIRST CLASS TRAVEL WHILE TRAVELING ON BEHALF OF THE SCHOOL FOR HEALTH-RELATED REASONS AND BETTER PERFORMANCE. HEAD OF SCHOOL, UPPER SCHOOL DIRECTOR AND DIRECTOR OF TECHNOLOGY ALL LIVE IN RENTAL HOMES OWNED BY LAKESIDE SCHOOL. FOR THE HEAD OF SCHOOL AND UPPER SCHOOL DIRECTOR, THE FULL MARKET VALUE OF THE HOUSING IS TREATED AS IMPUTED INCOME. FOR THE OTHER EMPLOYEES IDENTIFIED, THEY PAY A BELOW-MARKET RATE RENT MONTHLY AND THE DIFFERENCE BETWEEN RENT PAID AND THE MARKET VALUE IS TREATED AS IMPUTED INCOME. PART I, LINE 7 KAI BYNUM, HEAD OF SCHOOL, BIRAGE TANDON, ASST HEAD OF SCHOOL/CFO, DAIGA GALINS, DIRECTOR OF DEVELOPMENT, SUE BELCHER, HEAD OF DOWNTOWN SCHOOL, RYAN BOCCUZZI, UPPER SCHOOL DIRECTOR, REEM ABU RAHMEH, MIDDLE SCHOOL DIRECTOR, WELLESLEY WILSON, DIRECTOR OF ADMISSIONS, JAMIE BRITTO, DIRECTOR OF TECHNOLOGY, ARI WORTHMAN, DIRECTOR OF COLLEGE COUNSELING, CHRISTOPHER HARTLEY, DIRECTOR OF ATHLETICS, AND JAMIE ASAKA, DIRECTOR OF STUDENT SUPPORT, ALL RECEIVED A BONUS DURING THE YEAR THAT WAS SUBJECT TO THE DISCRETION OF THE BOARD BUT CAPPED AT A FIXED AMOUNT. NA N/A 42520 FINANCIAL AID FINANCIAL AID X 50 755543 FAIR MARKET VALUE 0 0 1 0 PART I, COLUMN (B): THE AMOUNT IN COLUMN (B) REPRESENTS THE NUMBER OF ITEMS RECEIVED FROM DONORS DURING THE YEAR. FORM 990, PART I, LINE 6: VOLUNTEERS PROVIDE SUPPORT ACROSS MANY AREAS OF THE SCHOOL, SUCH AS THE VOLUNTEER BOARD OF TRUSTEES, FUNDRAISING COMMITTEES, EXTRACURRICULAR STUDENT ACTIVITIES, PARENTS AND GUARDIANS ASSOCIATION (PGA) ACTIVITIES, AND MORE. FOR THE 2023-2024 FISCAL YEAR WE HAD APPROXIMATELY 220 VOLUNTEERS, WHO INCLUDED SCHOOL BOARD MEMBERS, PGA BOARD MEMBERS, COMMITTEE CHAIRS, LEADERSHIP ROLES, ROAR AUCTION VOLUNTEERS, ETC. FORM 990, PART V, LINE 3B FORM 990-T WILL BE FILED AFTER FORM 990. LAKESIDE SCHOOL IS INVESTED IN MANY PASS-THROUGH INVESTMENTS THAT GENERATE SCHEDULE K-1S. THE FORM 990-T WILL BE PREPARED ONCE ALL THE K-1S ARE RECEIVED. FORM 990, PART VI, SECTION B, LINE 11B THE ASSETS MANAGEMENT COMMITTEE OF THE BOARD IS RESPONSIBLE FOR OVERSEEING THE SCHOOL'S FINANCES. THIS COMMITTEE REVIEWS A PUBLIC DISCLOSURE COPY OF THE FORM 990 WITH THE EXTERNAL TAX PREPARER AND THEN VOTES TO ACCEPT IT EACH YEAR. FORM 990, PART VI, SECTION B, LINE 12C ALL TRUSTEES, OFFICERS AND KEY EMPLOYEES COMPLETE AND SIGN A DOCUMENT ASSERTING THEY HAVE READ AND UNDERSTOOD THE POLICY, DISCLOSING CONFLICTS, IF ANY, AND CONFIRMING THEIR COMPLIANCE WITH THE POLICY. A COMMITTEE OF THE BOARD REVIEWS THE ANNUAL WRITTEN STATEMENTS. THE SAME COMMITTEE RESPONDS TO ANY INDICATION OF NON-COMPLIANCE. IF THERE IS CONFLICT OF INTEREST, THE INDIVIDUAL IS EXCUSED FROM VOTING ON THE ISSUE. FORM 990, PART VI, SECTION B, LINE 15 THE CURRENT HEAD OF SCHOOL WAS APPOINTED ON A 5-YEAR CONTRACT BEGINNING JULY 5, 2022. COMPENSATION INCLUDES ANNUAL BASE PAY, ANNUAL BONUS, SIGNING BONUS THAT VESTS OVER THE TERM OF THE CONTRACT, AND OTHER BENEFITS BASED ON NATIONAL AND GLOBAL COMPENSATION BENCHMARKING DONE BY THE EXECUTIVE SEARCH FIRM, SPENCER STUART. COMPENSATION FOR OFFICERS AND KEY EMPLOYEES IS BENCHMARKED AGAINST NATIONAL PEER SCHOOLS USING THE ANNUALLY AVAILABLE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS (NAIS) DATA ANALYSIS FOR SCHOOL LEADERSHIP (DASL) SURVEY. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AND REQUIRE PRIOR APPROVAL TO BE SHARED. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF TRUSTS 90,104. CHARITABLE REMAINDER TRUST (2) INVESTMENTS WA N/A T 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1