2021-11-12T11:42:44-06:00 2021-06-30 911194016 CLARK NUBER PS 10900 NE 4TH STREET SUITE 1400 BELLEVUE WA 98004 990 2020-07-01 910564971 LAKESIDE SCHOOL LAKE 2063683610 14050 1ST AVE NE SEATTLE WA 98125 BIRAGE TANDON ASST. HEAD OF SCHOOL/CFO 2063683610 2021-11-11 1 BIRAGE TANDON 999009999 SARAH B HUANG P00745974 4254544919 2021-11-11 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z BERNIE NOE 14050 1ST AVE NE SEATTLE WA 98125 65353278 0 X WWW.LAKESIDESCHOOL.ORG X 1923 WA TO EDUCATE STUDENTS IN GRADES 5-12. 16 16 420 100 0 0 6050674 8246570 34380068 36322514 14507324 10753038 416775 416965 55354841 55739087 8360185 9003728 0 0 26370182 27969352 0 0 985954 11313219 11836239 46043586 48809319 9311255 6929768 324867505 426505041 7911892 34190289 316955613 392314752 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 36586004 8340880 33405712 LAKESIDE SCHOOL CONTINUES ITS FOCUS ON THE CORE ELEMENTS OF ITS MISSION OF ACADEMIC EXCELLENCE, DIVERSITY, AND GLOBAL EDUCATION TO PROVIDE A WORLD CLASS EDUCATION FOR THE 21ST CENTURY. IN ADDITION TO ITS COMPREHENSIVE SCHOOL-YEAR PROGRAM, IT OFFERS A RICH ARRAY OF SUMMER ACADEMIC COURSES AND ATHLETIC CAMPS AS WELL AS THE LAKESIDE EXPERIENTIAL EDUCATIONAL PROGRAM (LEEP), WHICH SERVES RISING 6TH AND 9TH GRADERS IN THE SEATTLE PUBLIC SCHOOLS TO PROVIDE GREATER ACCESS TO LAKESIDE'S CAMPUS AND OPPORTUNITIES. 1935158 543418 587527 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 INITIATIVE.TO SUPPORT TOOLS FOR LEARNING, LAKESIDE SELLS TO ITS STUDENTS' LAPTOP COMPUTERS AND E-LEARNING MATERIALS. 2008469 119430 2329275 THE DOWNTOWN SCHOOL - A MICRO-SCHOOL IN SEATTLE CENTER OPENED IN RESPONSE TO THE GROWING POPULATION OF THE REGION, AND THE INCREASINGLY UNAFFORDABLE COST OF INDEPENDENT SCHOOL EDUCATION. THE MODEL PRESERVES THE ESSENCE OF A LAKESIDE ACADEMIC EDUCATION AT APPROXIMATELY HALF OF THE COST BY OFFERING NO ATHLETICS OR GLOBAL PROGRAM, LEASING SPACE IN AN EXISTING BUILDING, AND USING THE "CITY AS LAB" BY LEVERAGING OFF VARIOUS TEACHING RESOURCES IN DOWNTOWN SEATTLE. 40529631 1 1 0 0 0 0 0 0 1 1 1 1 0 0 1 0 1 0 1 0 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 0 1 0 1 0 0 0 0 1 0 0 0 1 X 89 0 420 1 1 0 0 0 0 0 0 0 0 0 0 0 0 X 16 16 0 0 1 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 BERNIE NOE HEAD OF SCHOOL 60.00 X 632967 0 125171 BIRAGE TANDON ASST HEAD OF SCHOOL/CFO 50.00 X 333207 0 31025 FELICIA WILKS ASST HEAD OF SCHOOL/UPPER SCHOOL DIRECTOR 50.00 X 304894 0 17229 DAIGA GALINS DIRECTOR OF DEVELOPMENT 50.00 X 243098 0 26838 SUE BELCHER HEAD OF DOWNTOWN SCHOOL 50.00 X 172724 0 22064 CHRISTOPHER HARTLEY DIRECTOR OF ATHLETICS 40.00 X 169464 0 22470 ARI WORTHMAN DIRECTOR OF COLLEGE COUNSELING 40.00 X 164448 0 22503 BRYAN SMITH DIRECTOR OF EXPERIENTIAL EDUCATION 40.00 X 159925 0 22021 THOMAS RONA MATH TEACHER AND DEPARTMENT HEAD 40.00 X 159518 0 17551 DAN DAWKINS DIRECTOR OF FACILITIES 40.00 X 150420 0 21957 ELAINE CHRISTENSEN MIDDLE SCHOOL DIRECTOR 40.00 X 105818 0 11680 CAREY CRUTCHER SMITH CHAIR 5.00 X X 0 0 0 ARTEMIOS PANOS VICE CHAIR 2.00 X X 0 0 0 BERTRAND VALDMAN IMMEDIATE PAST CHAIR, TREASURER 5.00 X X 0 0 0 SEAN O'DONNELL SECRETARY 2.00 X X 0 0 0 SARAH BARTON TRUSTEE 2.00 X 0 0 0 AMY CRICHTON HONARARY TRUSTEE 2.00 X 0 0 0 DAVID DE LA FUENTE TRUSTEE 2.00 X 0 0 0 LLOYD FRINK TRUSTEE 2.00 X 0 0 0 APRIL JOSEPH TRUSTEE 2.00 X 0 0 0 MICHAEL LARSON TRUSTEE 2.00 X 0 0 0 KATHLEEN MURRAY TRUSTEE 2.00 X 0 0 0 MICHAEL NACHBAR TRUSTEE 2.00 X 0 0 0 BRIDGETTE TAYLOR TRUSTEE 2.00 X 0 0 0 BRANDON VAUGHAN TRUSTEE 2.00 X 0 0 0 DAVID VICTOR TRUSTEE 2.00 X 0 0 0 ELIZABETH VIGDOR TRUSTEE 2.00 X 0 0 0 2596483 0 340509 59 1 1 0 CAMBRIDGE ASSOCIATES 125 HIGH STREET BOSTON MA 02110 INVESTMENT ADVISORY 219000 KIRTLEY-COLE ASSOCIATES 2820 OAKES AVE SUITE B EVERETT WA 98201 CONSTRUCTION SERVICES 168970 CLARK NUBER 10900 NE 4TH ST SUITE 1400 BELLEVUE WA 98004 ACCOUNTING/AUDIT SERVICES 104392 3 8246570 2636267 8246570 TUITION FEES 611600 35734987 35734987 AUXILIARY SERVICES 611710 587527 587527 36322514 2028194 2028194 399209 0 399209 399209 399209 18338485 550 9583167 31024 8755318 -30474 8724844 8724844 REFUNDS/REBATES 900099 17237 17237 MISCELLANEOUS REVENUE 900099 279 279 BOOK SALES 900099 240 240 17756 55739087 36322514 0 11170003 9003728 9003728 1952864 462489 1233481 256894 20636005 17722051 2430475 483479 1208071 1026967 149902 31202 2711867 2212955 442306 56606 1460545 1217631 192397 50517 110692 110692 104275 104275 1455606 1455606 1707101 1157552 535975 13574 10922 249 10673 2340571 2014743 275601 50227 653442 540556 112853 33 2118980 2049142 54950 14888 241053 241049 4 71611 66339 4463 809 2459294 2360922 73779 24593 309920 298028 8919 2973 HOSPITALITY 146644 89161 57324 159 TUITION EXPENSE 48750 48750 UBI TAXES 35000 35000 OTHER TAXES 2953 36 2917 19425 17283 2142 48809319 40529631 7293734 985954 13044157 7170628 8529813 8709508 2967974 5023025 34356 25395482 13872 0 25077 27661 1306039 1336040 89498910 30875638 60640067 58623272 104868472 138118813 133267966 181970764 169712 129848 324867505 426505041 3204260 3573066 3413830 29145182 874169 978312 419633 493729 7911892 34190289 X 107413762 114974564 209541851 277340188 316955613 392314752 324867505 426505041 X 6929768 68340554 88817 X 0 1 X 1 0 X 6107129 5262962 13159866 6050674 8246570 38827201 6107129 5262962 13159866 6050674 8246570 38827201 7156885 31670316 1882427 2328981 2652568 3755830 2427403 13047209 17286 23666 6021 30393 17756 95122 51969532 164252127 0.60940 0.58580 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: REIMBURSEMENTS - 2016 AMOUNT: $ 3,020. 2017 AMOUNT: $ 3,245. 2018 AMOUNT: $ 4,479. 2019 AMOUNT: $ 13,326. 2020 AMOUNT: $ 17,237. UNCLAIMED PROPERTY - 2019 AMOUNT: $ 9,550. MISCELLANEOUS INCOME - 2016 AMOUNT: $ 446. 2017 AMOUNT: $ 1,868. 2018 AMOUNT: $ 1,542. 2019 AMOUNT: $ 3,007. 2020 AMOUNT: $ 279. BENEFITS REIMBURSEMENT - 2016 AMOUNT: $ 13,820. 2017 AMOUNT: $ 17,553. CASH AWARD - 2017 AMOUNT: $ 1,000. BOOK SALES - 2019 AMOUNT: $ 4,510. 2020 AMOUNT: $ 240. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 214462398 1759684 71980513 7507707 280694888 223288275 1052066 -1442065 8435878 214462398 222568190 1579397 7551286 8410598 223288275 213709387 797396 16168833 8107426 222568190 193521555 1033439 27204007 8049614 213709387 0.03280 0.52009 0.44711 0 0 2118240 2118240 73610286 22959251 50651035 1666456 551869 1114587 5331545 3049697 2281848 6772383 4314821 2457562 58623272 ALTERNATIVE INVESTMENTS 180309362 F CHARITABLE REMAINDER TRUSTS 1661402 F 181970764 OTHER CURRENT LIABILITIES 493729 493729 113636919 68340554 -8987116 59353438 54283481 1455606 1455606 55739087 38277780 0 38277780 1455606 9075933 10531539 48809319 PART IV, LINE 2B: LAKESIDE'S AGENCY FUNDS REPRESENT A VARIETY OF ACCOUNTS THAT THE SCHOOL MAINTAINS FOR STUDENT, ALUMNI, AND PARENT ORGANIZATIONS. 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 FIXED ASSETS, AND GENERAL OPERATIONS OF THE SCHOOL. PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID -9,003,728. CHANGE IN VALUE OF TRUSTS 88,817. ACCOUNTING FEES AND OTHER RELATED EXPENSES -72,205. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 9,003,728. ACCOUNTING FEES AND OTHER RELATED EXPENSES 72,205. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 WITH OTHER SCHOOLS, THE NOTICE IS PUBLISHED IN THE SPRING IN BOTH MAJOR AND LOCAL NEWSPAPERS IN THE SEATTLE AREA. EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENTS N/A 8913643 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS N/A 34395611 0 0 0 0 0 0 43309254 0 43309254 1 0 1 0 1 0 PART III ACCOUNTING METHOD: 1 FINANCIAL AID FOR TUITION 293 0 8607030 BOOK VALUE REDUCTION OF FAMILIES' TUITION COST FINANCIAL AID FOR OTHER SCHOOL-RELATED COSTS 293 0 396698 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 BERNIE NOE HEAD OF SCHOOL 550165 0 81191 0 1611 0 19950 0 105221 0 758138 0 0 0 BIRAGE TANDON ASST HEAD OF SCHOOL/CFO 308207 0 0 0 25000 0 19950 0 11075 0 364232 0 0 0 FELICIA WILKS ASST HEAD OF SCHOOL/UPPER SCHOOL DIR 235651 0 0 0 69243 0 16496 0 733 0 322123 0 0 0 DAIGA GALINS DIRECTOR OF DEVELOPMENT 218098 0 0 0 25000 0 15763 0 11075 0 269936 0 0 0 SUE BELCHER HEAD OF DOWNTOWN SCHOOL 149526 0 23198 0 0 0 11077 0 10987 0 194788 0 0 0 CHRISTOPHER HARTLEY DIRECTOR OF ATHLETICS 163868 0 0 0 5596 0 11471 0 10999 0 191934 0 0 0 ARI WORTHMAN DIRECTOR OF COLLEGE COUNSELING 163948 0 0 0 500 0 11503 0 11000 0 186951 0 0 0 BRYAN SMITH DIRECTOR OF EXPERIENTIAL EDUCATION 159925 0 0 0 0 0 11245 0 10776 0 181946 0 0 0 THOMAS RONA MATH TEACHER AND DEPARTMENT HEAD 103723 0 0 0 55795 0 7603 0 9948 0 177069 0 0 0 DAN DAWKINS DIRECTOR OF FACILITIES 150420 0 0 0 0 0 10973 0 10984 0 172377 0 0 0 ELAINE CHRISTENSEN MIDDLE SCHOOL DIRECTOR 105818 0 0 0 0 0 7229 0 4451 0 117498 0 0 0 PART I, LINE 1A BERNIE NOE, HEAD OF SCHOOL, LIVES IN A CAMPUS HOUSE PROVIDED BY LAKESIDE SCHOOL. A HOUSE MANAGER AND HOUSE CLEANER ARE ALSO PROVIDED. THE VALUE OF HOUSING PROVIDED TO MR. NOE MEETS THE REQUIREMENTS OF IRC SECTION 119 AND THEREFORE IS NOT INCLUDED IN HIS TAXABLE COMPENSATION. PART I, LINE 7 BERNIE NOE, HEAD OF SCHOOL, AND SUE BELCHER, HEAD OF DOWNTOWN SCHOOL, BOTH RECEIVED A BONUS DURING THE YEAR THAT WAS SUBJECT TO THE DISCRETION OF THE BOARD BUT CAPPED AT A FIXED AMOUNT. NA N/A 113070 FINANCIAL AID FINANCIAL AID ERIK CHRISTENSEN SEE PART V 105398 EMPLOYMENT 0 SCH L, PART IV, BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS: (A) NAME OF PERSON: ERIK CHRISTENSEN(B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: FAMILY MEMBER OF ELAINE CHRISTENSEN, FORMER KEY EMPLOYEE X 31 1516267 FAIR MARKET VALUE X 1 1120000 FAIR MARKET VALUE 0 0 1 0 PART I, COLUMN (B): THE AMOUNT IN COLUMN (B) REPRESENTS THE NUMBER OF GIFTS RECEIVED FROM DONORS DURING THE YEAR. FORM 990, PART I, LINE 6: GIVEN THE PANDEMIC, VOLUNTEER SUPPORT WAS DOWN FOR THE 2020/2021 SCHOOL YEAR. 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 2020/2021 CALENDAR YEAR, WE HAD APPROXIMATELY 100 VOLUNTEERS THAT WERE PART OF PGA BOARD MEMBERS ALONG WITH COMMITTEE CHAIRS, LEADERSHIP ROLES AND ALSO SUPPORTED THE VIRTUAL ROAR AUCTION. 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 A, LINE 4 THE BYLAWS WERE UPDATED IN MAY OF 2021 TO REDUCE THE TOTAL NUMBER OF BOARD MEMBERS FROM A MAXIMUM OF THIRTY-SIX TO TWENTY-FIVE. FORM 990, PART VI, SECTION B, LINE 11B THE COMMITTEE OF THE BOARD RESPONSIBLE FOR OVERSEEING THE SCHOOL'S ASSETS REVIEWS A PUBLIC DISCLOSURE COPY OF THE FORM 990 WITH THE EXTERNAL TAX PREPARER AND THEN VOTES TO ACCEPT IT. FORM 990, PART VI, SECTION B, LINE 12C ALL TRUSTEES, HEAD OF SCHOOL, ASST HEAD OF SCHOOL/CFO, ASST HEAD OF SCHOOL/UPPER SCHOOL DIRECTOR, HEAD OF DOWNTOWN SCHOOL, MIDDLE SCHOOL DIRECTOR, DIRECTOR OF DEVELOPMENT, DIRECTOR OF ADMISSIONS FILL OUT AND SIGN A DOCUMENT ASSERTING THEY HAVE READ AND UNDERSTOOD THE POLICY AND DISCLOSING THEIR COMPLIANCE. A COMMITTEE OF THE BOARD REVIEWS THE ANNUAL WRITTEN STATEMENTS. THE SAME COMMITTEE RESPONDS TO ANY INDICATION OF NON-COMPLIANCE. ANY TIME THERE IS A CONFLICT OF INTEREST, THE INDIVIDUAL IS EXCUSED FROM THE VOTE ON THE ISSUE. FORM 990, PART VI, SECTION B, LINE 15 THE CURRENT HEAD OF SCHOOL SIGNED HIS FIFTH 5-YEAR CONTRACT BEGINNING JULY 1, 2018, BASED ON A COMPENSATION REVIEW BENCHMARKED AGAINST NATIONAL PEER SCHOOLS. IN DECEMBER 2020, THE HEAD OF SCHOOL ANNOUNCED HIS RETIREMENT AT THE END OF THE 2021-2022 SCHOOL YEAR. AFTER A GLOBAL SEARCH, A NEW HEAD OF SCHOOL HAS BEEN 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. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF TRUSTS 88,817. 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