2015-05-04T15:50:32-05:00 2014-06-30 911194016 CLARK NUBER PS 10900 NE 4TH STREET SUITE 1700 BELLEVUE WA 98004 990 2013-07-01 910974344 UNIVERSITY PREPARATORY ACADEMY UNIV 2068321107 8000 25TH AVENUE NE SEATTLE WA 98115 SUSAN LANSVERK CHIEF FINANCIAL OFFICER 2068321107 2015-04-28 1 SARA ELIZABETH J HYRE P00235495 4254544919 2015-04-28 2013 2016-04-25 22:37:26Z MATT LEVINSON 8000 25TH AVENUE NE SEATTLE WA 98115 20743472 0 X WWW.UNIVERSITYPREP.ORG X 1976 WA INDEPENDENT SCHOOL PROVIDING PRIVATE EDUCATION TO 528 STUDENTS GRADES 6 THRU 12 FOUNDED 1976. 27 25 215 100 0 0 941171 1600534 14612493 15915514 1244095 1645822 -15538 7786 16782221 19169656 2129831 2113044 0 0 8988476 9375375 0 0 697585 4580496 4567766 15698803 16056185 1083418 3113471 44647057 47875899 12172190 11942588 32474867 35933311 UNIVERSITY PREPARATORY ACADEMY IS COMMITTED TO DEVELOPING EACH STUDENT'S POTENTIAL TO BECOME AN INTELLECTUALLY COURAGEOUS AND SOCIALLY RESPONSIBLE CITIZEN OF THE WORLD. 0 0 13284179 2113044 15915514 INDEPENDENT SCHOOL PROVIDING PRIVATE EDUCATION TO 528 STUDENTS GRADES 6 THRU 12. ACCREDITED WITH NORTHWEST ASSOCIATION OF INDEPENDENT SCHOOLS AND THE STATE OF WASHINGTON. COMMITTED TO DEVELOPING EACH STUDENT'S POTENTIAL TO BECOME AN INTELLECTUALLY COURAGEOUS AND SOCIALLY RESPONSIBLE CITIZEN OF THE WORLD. 13284179 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 1 0 1 0 1 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 55 0 1 215 1 0 0 0 0 0 1 1 0 0 0 0 X 27 25 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 1 1 0 X SUSAN LANSVERK 2068321103 8000 25TH AVENUE NE SEATTLE WA 98115 X ERICA HAMLIN HEAD OF SCHOOL 50.00 X X 301381 0 23791 BOB DAVIDSON VICE PRESIDENT 2.00 X X 0 0 0 SPOON DICKEY PRESIDENT 10.00 X X 0 0 0 BILL CAMPBELL TREASURER 2.00 X X 0 0 0 RUTH TRESSEL SECRETARY/VP 10.00 X X 0 0 0 ELIZABETH CAUSBY-MILES TRUSTEE 1.00 X 0 0 0 ARU CHANDORKAR TRUSTEE 2.00 X 0 0 0 WENDY NAKATSUKASA-ONO TRUSTEE 1.00 X 0 0 0 ABHI SHETH TRUSTEE 1.00 X 0 0 0 TERRY FROGGATT TRUSTEE 1.00 X 133 0 0 DAVE HANOWER TRUSTEE 1.00 X 0 0 0 SARA KRANWINKLE TRUSTEE 2.00 X 0 0 0 SHAHINA PIYARALI TRUSTEE 1.00 X 0 0 0 PERIS JOYNER TRUSTEE 1.00 X 0 0 0 DAVE BEITEL TRUSTEE 3.00 X 0 0 0 PATRICIA LANDY RETIRED FACULTY/ CURRENT TRUSTEE 1.00 X 0 0 0 GAIL KLEMENCIC TRUSTEE 1.00 X 0 0 0 GARY SHENK TRUSTEE 0.50 X 0 0 0 BILL HESTON TRUSTEE 3.00 X 0 0 0 PATRICIA WASHINGTON TRUSTEE 1.00 X 0 0 0 MIKAL THOMSEN TRUSTEE 5.00 X 0 0 0 LINDA WALKER TRUSTEE 1.00 X 0 0 0 KATE MARKS TRUSTEE 1.00 X 0 0 0 SUSIE WU TRUSTEE 1.00 X 0 0 0 PAULA SIMON TRUSTEE 1.00 X 0 0 0 ANNE BINGHAM CURRENT FACULTY/TRUSTEE 40.00 X 72593 0 12497 YUVAL NEEMAN TRUSTEE 2.00 X 0 0 0 SUSAN LANSVERK CHIEF FINANCIAL OFFICER 50.00 X 185169 0 19124 KEN JAFFE ASSISTANT HEAD OF SCHOOL 50.00 X 163182 0 17534 MARIANNE PICHA MIDDLE SCHOOL DIRECTOR 50.00 X 112029 0 14123 PAUL RUDNICK DIRECTOR OF DEVELOPMENT 50.00 X 125939 0 15742 KELLY HERRINGTON DIRECTOR OF COLLEGE COUNSELING 50.00 X 111979 0 13864 RICHARD KASSISSIEH ACADEMIC DEAN 50.00 X 114160 0 8706 MITCH TURNER IT MANAGER 40.00 X 111826 0 10734 1298391 0 136115 8 0 1 0 LAKESIDE SCHOOL 14505 1ST AVE NE SEATTLE WA 98125 TRANSPORTATION 156419 SKANSKA USA BUILDING 221 YALE AVENUE SUITE 400 SEATTLE WA 98109 CONTRACTOR SERVICES 124056 ARTERIAN 3600 15TH AVE W SUITE 300 SEATTLE WA 98119 IT SERVICES 123305 MARTY K INC 13606 NE 20TH ST SUITE 300 BELLEVUE WA 98005 JANITORIAL SERVICES 100348 4 42117 165385 1393032 146056 1600534 TUITION AND FEES 611110 15822744 15822744 FORFEITED DEPOSITS 611110 53910 53910 APPLICATION FEES 611110 38860 38860 15915514 217522 217522 10163 17038 -6875 -6875 -6875 1780694 1070902 344544 1078752 1436150 -7850 1428300 1428300 137263 165385 132282 4981 4981 9900 1200 8700 8700 MISCELLANEOUS 900099 980 980 980 19169656 15915514 0 1653608 2113044 2113044 841446 276146 512809 52491 6903731 5948199 650135 305397 403492 349331 36129 18032 677166 554097 91529 31540 549540 443810 80359 25371 34583 34583 43092 43092 128347 128347 222497 155326 58002 9169 43255 36637 4455 2163 1304737 1162784 63004 78949 722113 611629 74378 36106 17651 13708 2923 1020 136214 109388 21648 5178 129808 109948 13370 6490 1350362 1143757 139087 67518 BUS PASSES 154651 154651 DUES 63005 40447 20412 2146 BAD DEBT EXPENSE 57474 5000 52474 STUDENT ACTIVITIES 30058 30058 129919 31219 95159 3541 16056185 13284179 2074421 697585 6976573 7962860 654644 2986207 801281 774036 77790 4936 221812 169296 35599880 13482654 23238951 22117226 11388158 13653897 6750 5130 1281098 202311 44647057 47875899 1152511 942358 4963053 5171026 5432626 5171751 624000 657453 12172190 11942588 X 24357679 26305363 2121391 2820928 5995797 6807020 32474867 35933311 44647057 47875899 3113471 344973 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 7267561 703652 1153864 147555 139587 8837935 6705685 128224 701158 137299 130207 7267561 6816594 82329 57372 130331 120279 6705685 5319058 573966 1151201 121107 106524 6816594 4499538 423914 395606 5319058 0.09330 0.69350 0.21320 0 0 329072 329072 32775663 11644927 21130736 2495145 1837727 657418 22117226 DEFERRED POST RETIREMENT BENEFITS 455142 RETIREMENT ANNUITY PAYABLE 202311 657453 17345950 344973 -2113044 -1768071 19114021 128347 -72712 55635 19169656 13887506 72712 72712 13814794 128347 2113044 2241391 16056185 PART V, LINE 4: THE FUNDS ARE USED ACCORDING TO THE ENDOWMENT SPENDING POLICY. THE PERMANENTLY RESTRICTED ENDOWMENTS HAVE SPECIFIC PURPOSES THEY WERE GIVEN FOR BY DONORS: FINANCIAL AID, PROFESSIONAL DEVELOPMENT, AND UNRESTRICTED USE AMONGST OTHERS. THE UNRESTRICTED FUNDS SUPPORT THE GENERAL OPERATING BUDGET. OUR CAMPAIGN FOR ENDOWMENT GAVE DONORS THE ABILITY TO GIVE TO UNRESTRICTED USE, FINANCIAL AID, PROFESSIONAL DEVELOPMENT, FACULTY SALARY SUPPORT, AND INTERNATIONAL EDUCATION. OUR MOST RECENT ENDOWMENT CAMPAIGN FUNDED THE NEW ERICA AND NASON HAMLIN ENDOWED SCHOLARSHIP FUND. PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID GROUPED WITH REVENUE ON THE FINANCIAL STATEMENTS -2,113,044. PART XI, LINE 4B - OTHER ADJUSTMENTS: DIRECT SPECIAL EVENT EXPENSES NETTED AGAINST REVENUE -54,474. RENTAL EXPENSE NETTED AGAINST REVENUE -17,038. GAMING EXPENSE NETTED AGAINST REVENUE -1,200. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT SPECIAL EVENT EXPENSES NETTED AGAINST REVENUE 54,474. GAMING EXPENSE NETTED AGAINST REVENUE 1,200. RENTAL EXPENSE NETTED AGAINST REVENUE 17,038. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID GROUPED WITH REVENUE ON THE FINANCIAL STATEMENTS 2,113,044. 1 1 1 1 1 1 1 0 0 0 1 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 WE JOIN WITH OTHER SCHOOLS ACCREDITED BY THE NORTHWEST ASSOCIATION OF INDEPENDENT SCHOOLS TO ADVERTISE ANNUALLY OUR NONDISCRIMINATORY POLICY IN THE MEDIA FOR THE COMMUNITY WE SERVE. UNIVERSITY PREPARATORY ACADEMY IS SPECIFICALLY LISTED IN THESE ADVERTISEMENTS. SCHEDULE E, PART I, LINE 5 WE AWARD SEVERAL NEED-BASED SCHOLARSHIPS TO STUDENTS WHO PARTICIPATE IN THE RAINIER SCHOLARS, A PROGRAM THAT SERVES ONLY STUDENTS OF COLOR. 1 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICE STUDENT TRAVEL AND EDUCATION PROGRAMS 14000 SOUTH ASIA 0 0 PROGRAM SERVICE STUDENT TRAVEL AND EDUCATION PROGRAMS 4000 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICE STUDENT TRAVEL AND EDUCATION PROGRAMS 11000 0 0 0 0 0 0 29000 0 29000 0 0 0 0 0 0 PART I, LINE 2: FUNDS ARE USED FOR OUR GLOBAL EDUCATION TRIPS OUTSIDE THE U.S. THE FUNDS ARE USED FOR HOUSING, FOOD, AND PROGRAM EXPENSES DURING THE TRIPS. SCHEDULE F, PART I, COLUMN F: AMOUNTS ARE BASED ON AN ACCRUAL METHOD OF ACCOUNTING. ANNUAL AUCTION 302648 165385 137263 46218 2500 83564 302648 165385 137263 46218 2500 83564 132282 4981 1 FINANCIAL AID 90 2049544 BOOK INCLUDES TUITION, FEES, TRANSPORTATION AND LUNCH EXCHANGE STUDENTS 2 58500 BOOK TUITION FOR 2 FOREIGN EXCHANGE STUDENTS WELGAN SCHOLARSHIP 1 5000 BOOK RECEIVED AS CREDIT ON TUITION INVOICE PART I, LINE 2: THE ASSOCIATE DIRECTOR OF FINANCIAL AID PROCESSES APPLICATIONS FOR FINANCIAL AID. THE FINANCIAL AID COMMITTEE REVIEWS AND APPROVES THE RECOMMENDED AWARDS. APPROVED AWARDS ARE REFLECTED ON CONTRACTS THAT ARE SIGNED BY PARENTS. X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 ERICA HAMLIN HEAD OF SCHOOL 270381 0 20000 0 11000 0 17850 0 5941 0 325172 0 0 0 SUSAN LANSVERK CHIEF FINANCIAL OFFICER 185169 0 0 0 0 0 13183 0 5941 0 204293 0 0 0 KEN JAFFE ASSISTANT HEAD OF SCHOOL 163182 0 0 0 0 0 11593 0 5941 0 180716 0 0 0 PART I, LINE 1A ERICA HAMLIN RECEIVED $5,000 AS HOUSING ALLOWANCE AND $6,000 AS CAR ALLOWANCE. THESE PAYMENTS WERE TREATED AS TAXABLE COMPENSATION. THE DISCRETIONARY SPENDING ACCOUNT IS FOR SCHOOL RELATED EXPENSES AND RECEIPTS ARE PROVIDED. THESE PAYMENTS WERE NOT TREATED AS TAXABLE COMPENSATION. X 6 68248 FAIR MARKET VALUE X AUCTION ITEMS 203 77808 COST/SELLING PRICE 0 0 1 0 PART I, COLUMN (B): REPRESENTS THE NUMBER OF CONTRIBUTORS OF STOCK AND NUMBER OF CONTRIBUTED AUCTION ITEMS. FORM 990, PART I, LINE 6; VOLUNTEERS ORGANIZE THE ANNUAL AUCTION AND SERVE ON COMMITTEES/BOARD AND PARENT COUNCIL ACTIVITIES. 25 MEMBERS OF THE BOARD ALSO SERVE AS VOLUNTEERS. FORM 990, PART VI, SECTION A, LINE 2 MIKAL THOMSEN AND YUVAL NEEMAN HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11 THE FINANCE AND EXECUTIVE COMMITTEES REVIEW AND APPROVE THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C A CONFLICT OF INTEREST STATEMENT IS COMPLETED BY EACH TRUSTEE AND OFFICER EACH YEAR. THEY ARE REVIEWED BY THE CHIEF FINANCIAL OFFICER TO DETERMINE IF ANY CONFLICTS ARE INDICATED. THE PRESIDENT OF THE BOARD WOULD REVIEW ANY CONFLICTS THAT ARE DISCLOSED. IF A CONFLICT IS FOUND, THE TRUSTEE WOULD RECUSE HIMSELF/HERSELF FROM VOTING ON OR DISCUSSING THE MATTER. FORM 990, PART VI, SECTION B, LINE 15 THE HEAD OF SCHOOL'S COMPENSATION IS ESTABLISHED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES THROUGH A THOROUGH PROCESS OF REVIEWING PERFORMANCE AND COMPARABLE COMPENSATION DATA FROM PEER SCHOOLS COLLECTED FROM AN INDEPENDENT SOURCE. THIS PROCESS WAS LAST UNDERTAKEN IN FEBRUARY 2013. THE CHIEF FINANCIAL OFFICER'S COMPENSATION AND ASSISTANT HEAD OF SCHOOL'S COMPENSATION ARE ESTABLISHED BY THE HEAD OF SCHOOL USING THE SAME PROCESS. THIS PROCESS WAS LAST UNDERTAKEN IN MAY 2014. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. PART VII SOME OF THE TRUSTEES ARE ALSO TEACHERS FOR THE ORGANIZATION AND RECEIVE COMPENSATION FOR THEIR SERVICES AS TEACHERS ONLY. THE HEAD OF THE SCHOOL IS CONSIDERED AN OFFICER AND RECEIVES COMPENSATION FOR HER SERVICE AS CEO. COMPENSATED INDIVIDUALS RECUSE THEMSELVES FROM DISCUSSING AND VOTING ON CERTAIN MATTERS PER THE BY-LAWS.