2019-11-07T14:17:44-06:00 2019-06-30 911194016 CLARK NUBER PS 10900 NE 4TH STREET SUITE 1400 BELLEVUE WA 98004 990 2018-07-01 910564971 LAKESIDE SCHOOL LAKE 2063683610 14050 1ST AVE NE SEATTLE WA 98125 BIRAGE TANDON CHIEF FINANCIAL OFFICER 2063683610 2019-11-07 1 SARA ELIZABETH J HYRE P00235495 4254544919 2019-11-07 65.158.230.194 2019-11-07 10:18:47 PS P BB354ABF92EC963E3C5F00DBAC0B26400951866D A141FB3625E8E1F7D4E363D58C4636EEEB9F909F 2018 2020-03-31 21:24:44Z BERNIE NOE 14050 1ST AVE NE SEATTLE WA 98125 108652844 0 X WWW.LAKESIDESCHOOL.ORG X 1923 WA TO EDUCATE STUDENTS IN GRADES 5-12. 18 17 487 1350 0 0 5262962 13159866 30909258 33010947 10886576 18940327 304212 341931 47363008 65453071 7119829 7963876 0 0 23462089 25505580 0 0 839655 10827624 11823730 41409542 45293186 5953466 20159885 319207467 330077263 7730423 8115687 311477044 321961576 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. 1 0 33007067 7147649 30664184 LAKESIDE SCHOOL CONTINUES ITS FOCUS ON CORE ELEMENTS OF ITS MISSION OF ACADEMIC EXCELLENCE, DIVERSITY, AND GLOBAL EDUCATION TO PROVIDE A LEADING-EDGE EDUCATION FOR THE 21ST CENTURY. IN ADDITION TO ITS SCHOOL YEAR INSTRUCTION, IT OFFERS A RICH ARRAY OF SUMMER ACADEMIC COURSES AND ATHLETIC CAMPS AS WELL AS THE LAKESIDE EXPERIENTIAL EDUCATIONAL PROGRAM (LEEP), WHICH SERVES INCOMING 6TH AND 9TH GRADERS IN THE SEATTLE PUBLIC SCHOOLS TO PROVIDE GREATER ACCESS TO LAKESIDE'S CAMPUS AND OPPORTUNITIES. 2751946 793310 1549863 AUXILIARY ENTERPRISES - LAKESIDE'S FOOD SERVICE FOCUSES ON SERVING STUDENTS AND STAFF 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. 1452802 22917 796900 THE DOWNTOWN SCHOOL - A MICROSCHOOL IN DOWNTOWN SEATTLE OPENED DUE 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, LEASING SPACE IN AN EXISTING BUILDING, AND USING THE "CITY AS LAB" BY LEVERAGING OFF VARIOUS TEACHING RESOURCES IN DOWNTOWN SEATTLE. 37211815 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 82 0 1 487 1 1 0 0 0 0 0 0 0 0 0 0 0 0 X 18 17 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 BERTRAND VALDMAN CHAIR 5.00 X X 0 0 0 NATASHA SMITH JONES PAST CHAIR 2.00 X X 0 0 0 CAREY CRUTCHER SMITH VICE CHAIR 5.00 X X 0 0 0 STEPHEN SUNDBORG SECRETARY 2.00 X X 0 0 0 MARK KLEBANOFF TREASURER 3.00 X X 0 0 0 SARAH BARTON TRUSTEE 2.00 X 0 0 0 CARMEN BEST TRUSTEE 2.00 X 0 0 0 JULIA CHO TRUSTEE 2.00 X 0 0 0 AMY CRICHTON TRUSTEE 2.00 X 0 0 0 CLAUDIA HUNG TRUSTEE 2.00 X 0 0 0 MICHAEL LARSON TRUSTEE 2.00 X 0 0 0 MONA LEE LOCKE TRUSTEE 2.00 X 0 0 0 KATHLEEN MURRAY TRUSTEE 2.00 X 0 0 0 SEAN O'DONNEL TRUSTEE 2.00 X 0 0 0 ARTEMIOS PANOS 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 BERNIE NOE HEAD OF SCHOOL 70.00 X 536015 0 121537 BIRAGE TANDON CHIEF FINANCIAL OFFICER 65.00 X 263508 0 29256 SUE BELCHER HEAD OF SCHOOL, THE DOWNTOWN SCHOOL 70.00 X 133468 0 21158 FELICIA WILKS DIRECTOR UPPER SCHOOL 60.00 X 302939 0 15150 ELAINE CHRISTENSEN DIRECTOR MIDDLE SCHOOL 60.00 X 195158 0 24749 BOOTH KYLE ASSOC. HEAD OF SCHOOL/DIR. OF ADMISSIONS & FIN AID 50.00 X 240784 0 25694 DAIGA GALINS DIRECTOR OF DEVELOPMENT 60.00 X 205632 0 25735 THOMAS RONA MATH TEACHER AND DEPARTMENT HEAD 40.00 X 155469 0 18515 CHRISTOPHER HARTLEY DIRECTOR OF ATHLETICS 40.00 X 153542 0 21471 ARI WORTHMAN DIRECTOR OF COLLEGE COUNSELING 40.00 X 151761 0 21505 JAMIE ASAKA DIR. OF STUDENT AND FAMILY SUPPORT 40.00 X 140549 0 19361 JENNIFER LAMKINS TECHNOLOGY DIRECTOR 40.00 X 140234 0 20073 2619059 0 364204 38 0 1 0 SELLEN CONSTRUCTION CO INC PO BOX 9970 SEATTLE WA 98109 CONSTRUCTION 1875562 KIRTLEY-COLE ASSOCIATES LLC 2820 OAKES AVENUE SUITE B EVERETT WA 98201 CONSTRUCTION 1033270 FIELDTURF USA INC 7445 COTE-DE-LIESSE ROAD SUITE 200 MONTREAL CA H4T 1G2 CONSTRUCTION 867819 NORTHWEST SECURITY SERVICES INC 14824 WESTMINSTER WAY N SEATTLE WA 98133 SECURITY 240222 ANM FACILITY SERVICES LLC PO BOX 6355 BELLEVUE WA 98008 JANITORIAL 223053 7 117850 13042016 1226532 13159866 TUITION FEES 611600 31461084 31461084 AUXILIARY SERVICES 611710 1549863 1549863 33010947 2316658 2316658 335910 0 335910 335910 335910 59823343 99 42517466 682307 17305877 -682208 16623669 16623669 REBATES 900099 4479 4479 1542 1542 6021 65453071 33010947 0 19282258 7963876 7963876 1978305 537996 1208942 231367 317580 317580 17847576 15316849 2165167 365560 1055090 881722 148290 25078 2930242 2471701 411360 47181 1376787 1144895 189032 42860 108777 108777 93595 93595 1535497 1535497 736145 231154 493063 11928 23048 151 22872 25 2629506 2265516 306249 57741 416057 359722 56335 1900799 1769994 111125 19680 1246257 1149341 96748 168 105418 73120 32233 65 2275033 2184032 68251 22750 263921 254373 7187 2361 HOSPITALITY 386626 202414 171321 12891 LOCAL TAXES 53983 53983 0 0 TUITION EXPENSE 40065 30803 9262 0 OTHER EXPENSES 9003 2593 6410 45293186 37211815 7241716 839655 14764338 14958742 12505743 5874554 3105811 2917852 212574 142049 26279 16972 72321 68402 1316418 1478386 88207530 26595280 60800572 61612250 72251067 98481756 153877540 144305737 274804 220563 319207467 330077263 3318964 3209802 2996335 3377609 887396 927831 527728 600445 7730423 8115687 X 92506523 103958215 75525830 73615738 143444691 144387623 311477044 321961576 319207467 330077263 X 20159885 -9653103 -22250 X 0 1 X 1 0 X 6700002 4731023 6107129 5262962 13159866 35960982 6700002 4731023 6107129 5262962 13159866 35960982 7061435 28899547 2241725 2272316 1882427 2328981 2652568 11378017 76897 76897 18957 35287 17286 23666 6021 101217 47517113 149326033 0.60820 0.50530 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: REIMBURSEMENTS - 2014 AMOUNT: $ 4,565. 2015 AMOUNT: $ 4,649. 2016 AMOUNT: $ 3,020. 2017 AMOUNT: $ 3,245. 2018 AMOUNT: $ 4,479. FSA FORFEITURES EXCHANGE FUNDS - 2014 AMOUNT: $ 13,402. MISCELLANEOUS INCOME - 2014 AMOUNT: $ 990. 2015 AMOUNT: $ 833. 2016 AMOUNT: $ 446. 2017 AMOUNT: $ 1,868. 2018 AMOUNT: $ 1,542. US LAKESIDE OUTDOOR PROGRAM - 2015 AMOUNT: $ 29,805. BENEFITS REIMBURSEMENT - 2016 AMOUNT: $ 13,820. 2017 AMOUNT: $ 17,553. CASH AWARD - 2017 AMOUNT: $ 1,000. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 222568190 1579397 7551286 8410598 223288275 213709387 797396 16168833 8107426 222568190 193521555 1033439 27204007 8049614 213709387 207874278 1278804 -7717720 7913807 193521555 214891644 2783668 -2096288 7704746 207874278 0.04380 0.31920 0.63700 0 0 2118240 2118240 72790376 20204581 52585795 1450212 238082 1212130 4771416 2466492 2304924 7077286 3686125 3391161 61612250 ALTERNATIVE INVESTMENTS 142794646 F CHARITABLE REMAINDER TRUSTS 1511091 F 144305737 OTHER CURRENT LIABILITIES 600445 600445 46278345 -9653103 -9521623 -19174726 65453071 0 65453071 35793813 0 35793813 1535497 7963876 9499373 45293186 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 -7,963,876. CHANGE IN VALUE OF TRUSTS -22,250. INVESTMENT EXPENSES -1,535,497. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 7,963,876. 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. EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES COMMUNITY SERVICE AND CULTURAL IMMERSION 370040 SOUTH AMERICA 0 0 PROGRAM SERVICES COMMUNITY SERVICE AND CULTURAL IMMERSION 163284 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES COMMUNITY SERVICE AND CULTURAL IMMERSION 86185 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENTS N/A 7173679 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS N/A 20063437 0 0 0 0 0 0 27856625 0 27856625 1 0 1 0 0 0 1 FINANCIAL AID FOR TUITION 271 7170566 BOOK VALUE REDUCTION OF FAMILIES' TUITION COST FINANCIAL AID FOR OTHER SCHOOL-RELATED COSTS 271 793310 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 0 0 0 0 0 0 0 1 0 BERNIE NOE HEAD OF SCHOOL 459280 0 67990 0 8745 0 19250 0 102287 0 657552 0 0 0 BIRAGE TANDON CHIEF FINANCIAL OFFICER 260192 0 0 0 3316 0 18353 0 10903 0 292764 0 0 0 SUE BELCHER HEAD OF SCHOOL, THE DOWNTOWN SCHOOL 127324 0 0 0 6144 0 10255 0 10903 0 154626 0 0 0 FELICIA WILKS DIRECTOR UPPER SCHOOL 202067 0 0 0 100872 0 14182 0 968 0 318089 0 0 0 ELAINE CHRISTENSEN DIRECTOR MIDDLE SCHOOL 189880 0 0 0 5278 0 13846 0 10903 0 219907 0 0 0 BOOTH KYLE ASSOC. HEAD OF SCHOOL/DIR. OF ADMISS 201651 0 0 0 39133 0 14791 0 10903 0 266478 0 0 0 DAIGA GALINS DIRECTOR OF DEVELOPMENT 198982 0 0 0 6650 0 14832 0 10903 0 231367 0 0 0 THOMAS RONA MATH TEACHER AND DEPARTMENT HEAD 150638 0 0 0 4831 0 7612 0 10903 0 173984 0 0 0 CHRISTOPHER HARTLEY DIRECTOR OF ATHLETICS 150972 0 0 0 2570 0 10568 0 10903 0 175013 0 0 0 ARI WORTHMAN DIRECTOR OF COLLEGE COUNSELING 149859 0 0 0 1902 0 10602 0 10903 0 173266 0 0 0 JAMIE ASAKA DIR. OF STUDENT AND FAMILY SUPPORT 133970 0 0 0 6579 0 8458 0 10903 0 159910 0 0 0 JENNIFER LAMKINS TECHNOLOGY DIRECTOR 130607 0 0 0 9627 0 9170 0 10903 0 160307 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, RECEIVED A BONUS DURING THE YEAR THAT WAS SUBJECT TO THE DISCRETION OF THE BOARD BUT CAPPED AT A FIXED AMOUNT. NA N/A 66140 FINANCIAL AID FINANCIAL AID MARY ANNE CHRISTY SEE PART V 98783 EMPLOYMENT 0 ERIK CHRISTENSEN SEE PART V 116714 EMPLOYMENT 0 COLLEEN KYLE SEE PART V 102083 EMPLOYMENT 0 SCH L, PART IV, BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS: (A) NAME OF PERSON: MARY ANNE CHRISTY(B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: FAMILY MEMBER OF MARK KLEBANOFF, BOARD MEMBER 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, KEY EMPLOYEE SCH L, PART IV, BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS: (A) NAME OF PERSON: COLLEEN KYLE(B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: FAMILY MEMBER OF BOOTH KYLE, KEY EMPLOYEE X 38 1226532 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: VOLUNTEERS PROVIDE SUPPORT FOR EXTRACURRICULAR STUDENT ACTIVITIES AS WELL AS PARENTS AND GUARDIANS ASSOCIATION (PGA) ACTIVITIES. FORM 990, PART III, LINE 2 IN THE FALL OF 2018 LAKESIDE SCHOOL OPENED THE DOWNTOWN SCHOOL, ITS FIRST MICROSCHOOL. THE SCHOOL WAS OPENED IN RESPONSE TO INCREASING DEMAND DUE TO THE GROWING POPULATION IN 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, LEASING SPACE IN AN EXISTING BUILDING, AND USING THE "CITY AS LAB" BY LEVERAGING OFF VARIOUS TEACHING RESOURCES SUCH AS MUSEUMS IN DOWNTOWN SEATTLE. 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 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, CHIEF FINANCIAL OFFICER, ASSOCIATE HEAD AND DIRECTOR OF ADMISSIONS, UPPER SCHOOL AND MIDDLE SCHOOL DIVISION DIRECTORS AND DIRECTOR OF DEVELOPMENT 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 HEAD OF SCHOOL SIGNED A NEW FIVE YEAR CONTRACT BEGINNING JULY 1, 2015. BASE PAY FOR THIS CONTRACT WAS BENCHMARKED AGAINST TEN NAIS (NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS) PEER SCHOOLS AT THE 67TH PERCENTILE. 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 -22,250. 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