2024-03-27T14:09:36-05:00 2023-06-30 911194016 CLARK NUBER PS 10900 NE 4TH STREET SUITE 1400 BELLEVUE WA 98004 990 2022-07-01 911223580 THE SEATTLE ACADEMY OF ARTS & SCIENCES SEAT 2063236600 1201 EAST UNION STREET SEATTLE WA 981223925 DOUGLAS AMBACH CHIEF FINANCIAL OFFICER 2063236600 2024-03-26 1 DOUGLAS AMBACH 999009999 0 SARAH B HUANG P00745974 4254544919 2024-03-26 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z ROB PHILLIPS 1201 EAST UNION STREET SEATTLE WA 981223925 66506385 0 X WWW.SEATTLEACADEMY.ORG X 1983 WA INDEPENDENT, COEDUCATIONAL, COLLEGE PREPARATORY SCHOOL SERVING GRADES 6 - 12. 23 23 348 375 0 0 7902167 8893695 47466056 52894494 619971 1287514 605446 402956 56593640 63478659 8720922 9675799 0 0 27839469 28945259 336270 219420 1869916 17402141 18049006 54298802 56889484 2294838 6589175 152815286 164758116 49411303 53123709 103403983 111634407 SEATTLE ACADEMY IS A DYNAMIC COMMUNITY THAT CHALLENGES STUDENTS TO QUESTION, IMAGINE, AND CREATE IN ORDER TO CONTRIBUTE TO A CHANGING WORLD. 0 0 48094963 9675799 52894494 SEATTLE ACADEMY IS A DYNAMIC COMMUNITY THAT CHALLENGES STUDENTS TO QUESTION, IMAGINE, AND CREATE IN ORDER TO CONTRIBUTE TO A CHANGING WORLD. WE SEEK A DIVERSIFIED STUDENT BODY AND FACULTY. WE OFFER A DEMANDING COLLEGE-PREPARATORY CURRICULUM, INTEGRATING THE ARTS AND EMPHASIZING A GLOBAL PERSPECTIVE. WE UTILIZE THE COMPLEX RESOURCES OF OUR URBAN ENVIRONMENT TO EXTEND OUR CLASSROOMS, TO ENHANCE OUR PROGRAMS, AND TO ENGAGE OUR STUDENTS IN PUBLIC SERVICE. SEATTLE ACADEMY ADMITS STUDENTS OF ANY RACE, RELIGION, NATIONALITY OR ETHNIC ORIGIN, SEXUAL ORIENTATION, OR DISABILITY. ENROLLMENT IN THE 2022/2023 ACADEMIC YEAR WAS 1,114. 48094963 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 0 1 0 1 0 1 1 0 1 1 1 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 87 0 348 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 23 23 0 0 1 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X DOUGLAS AMBACH 2066766894 1201 EAST UNION STREET SEATTLE WA 98122 MATT ECHOHAWK HAYASHI CHAIR 3.00 X X 0 0 0 MARIAN JOH VICE PRESIDENT 3.00 X X 0 0 0 BRUCE CADY TREASURER 3.00 X X 0 0 0 BRIAN OSERAN SECRETARY 3.00 X X 0 0 0 ANDY BAKER TRUSTEE 1.00 X 0 0 0 ALANA BELL TRUSTEE 1.00 X 0 0 0 HALSEY BELL TRUSTEE 1.00 X 0 0 0 CLAUDIA HUNG TRUSTEE 1.00 X 0 0 0 KAMILA KENNEDY TRUSTEE 1.00 X 0 0 0 BRIAN LANGSTRAAT TRUSTEE 1.00 X 0 0 0 DWAYNE MCCLAIN TRUSTEE 1.00 X 0 0 0 TONY MESTRES TRUSTEE 1.00 X 0 0 0 MIKE MYINT TRUSTEE 1.00 X 0 0 0 TRACY NEWMAN TRUSTEE 1.00 X 0 0 0 JILL NISHI TRUSTEE 1.00 X 0 0 0 TJAL PASTIKIA TRUSTEE 1.00 X 0 0 0 DARRYL RAWLINGS TRUSTEE 1.00 X 0 0 0 MATT ROSAUER TRUSTEE 1.00 X 0 0 0 ARAVIND SWAMINATHAN TRUSTEE 1.00 X 0 0 0 MARK VADON TRUSTEE 1.00 X 0 0 0 KIMBERLY WATSON TRUSTEE 1.00 X 0 0 0 ANNA WOODARD TRUSTEE 1.00 X 0 0 0 SUNG YANG TRUSTEE 1.00 X 0 0 0 ROB PHILLIPS HEAD OF SCHOOL 60.00 X 654629 0 44815 DOUGLAS AMBACH CHIEF FINANCIAL OFFICER 50.00 X 258506 0 33557 TODD JOHNSON CHIEF OPERATIONS OFFICER 50.00 X 208333 0 28808 GISELLE FURLONG ASSOCIATE HEAD OF SCHOOL 50.00 X 252627 0 33142 LORI METCALF ENROLLMENT DIRECTOR 50.00 X 156047 0 26542 SANDRA MIDKIFF DEVELOPMENT DIRECTOR 50.00 X 167409 0 22142 GISELLE CONFEHR HUMAN RESOURCES AND PAYROLL DIRECTOR 50.00 X 154400 0 24622 FRED STRONG DEAN OF ARTS & ATHLETICS 50.00 X 164070 0 25902 CATHERINE EZZO UPPER SCHOOL DIVISION HEAD 50.00 X 143196 0 24542 WILLIAM FELTON TECHNOLOGY DIRECTOR 50.00 X 134128 0 24062 MADELINE PENNINGTON COMMUNICATIONS DIRECTOR 50.00 X 141250 0 23442 2434595 0 311576 48 0 1 0 CWC CHARTERS LLC PO BOX 308 SEDRO WOOLLEY WA 98284 TRANSPORTATION 764691 OPTIMA ENTERPRISES LLC 28906 13TH AVE S FEDERAL WAY WA 98003 JANITORIAL 618533 MARKHAM INVESTIGATION & PROTECTION LLC PO BOX 110651 TACOMA WA 98411 SECURITY 491545 SEATTLE TOURS AND ACTIVITIES 3832 EASTERN AVE N APT 3 SEATTLE WA 98103 RECREATIONAL 173640 VERACROSS LLC PO BOX 844683 BOSTON MA 02284 TECHNOLOGY 171777 5 976330 7917365 694871 8893695 STUDENT TUITION 611600 50517196 50517196 FEES 611710 2377298 2377298 52894494 957954 957954 169769 0 169769 169769 169769 3062326 8500 2741266 0 321060 8500 329560 329560 157950 976330 267368 -109418 -109418 32300 19092 13208 13208 STUDENT/STAFF PARKING 812930 329397 329397 329397 63478659 52894494 0 1690470 9661830 9661830 13969 13969 2084110 296197 1447954 339959 20717152 17292726 2907072 517354 1716842 1447582 207440 61820 2625874 2241606 310494 73774 1801281 1471618 266221 63442 61080 12809 20811 27460 194195 40725 66164 87306 219420 219420 1020514 673606 177685 169223 21187 6200 13904 1083 806113 272955 491697 41461 717581 652208 35213 30160 2751647 2686112 37554 27981 540365 540365 129263 63658 61651 3954 658396 102631 534370 21395 2764796 2629936 106533 28327 756413 726157 22692 7564 TRANSPORTATION 2880383 2873850 6533 DINING PROGRAM 2010826 1827636 98674 84516 CLASSROOM SUPPLIES 1428998 1330499 55272 43227 REPAIRS & MAINTENANCE 1281341 1230088 38440 12813 25908 24764 1144 56889484 48094963 6924605 1869916 234359 14327 19207984 21078976 3962362 5579589 16515914 18304759 681387 1012400 117912990 25104307 90989041 92808683 20963714 22694605 260525 3264777 152815286 164758116 4377412 3081782 19697501 22156723 24333790 23376450 1002600 4508754 49411303 53123709 X 75664425 77463957 27739558 34170450 103403983 111634407 152815286 164758116 6589175 1641249 0 X 0 1 X 1 0 X 2959096 5181020 4617522 7902167 8893695 29553500 2959096 5181020 4617522 7902167 8893695 29553500 5891895 23661605 720549 992952 967584 983417 1127723 4792225 105315 105315 34451040 218079592 0.68680 0.66990 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 35650 X X EDUCATIONAL BENEFIT 0 20905736 259350 2460324 1087264 22538146 25057931 278026 -3625825 804396 20905736 19698006 13667 5841758 495500 25057931 19170408 129500 981698 583600 19698006 18298317 105051 1383555 616515 19170408 0.00000 0.53300 0.46700 0 0 17132195 17132195 88645255 20737886 67907369 1037926 753853 284073 4035959 3612568 423391 7061655 7061655 92808683 STUDENT DEPOSITS 1004455 LEASE LIABILITY 3504299 4508754 55736038 1641249 -9661830 -8020581 63756619 -277960 -277960 63478659 47505614 277960 277960 47227654 9661830 9661830 56889484 PART III, LINE 4: A COLLECTION OF 10 PAINTINGS AND PHOTOGRAPHS WERE DONATED BY A SINGLE DONOR IN OCTOBER 2013. THE 10 PIECES WERE APPRAISED AND VALUED AT $35,650 BY LAURANT ART APPRAISAL & ESTATE SERVICES. OUR VISUAL ARTS DEPARTMENT ACCEPTED THE DONATION FOR THE EDUCATIONAL PURPOSE OF HELPING TO EXPLAIN AND ILLUSTRATE TECHNIQUES AND PROCESSES USING ORIGINAL WORKS OF ART IN OUR CLASSES. PART V, LINE 4: ENDOWMENT FOR FINANCIAL AID REPRESENTS 75% OF THE TOTAL; ENDOWMENT FOR TRAVEL AND OUTDOOR PROGRAM EXPENSES (INCLUDING FINANCIAL AID) REPRESENTS 20%; ENDOWMENT FOR LEARNING SUPPORT PROGRAM EXPENSES REPRESENTS 3%; ENDOWMENT FOR SPEECH AND DEBATE AND MUSIC PROGRAM EXPENSES REPRESENTS 2%. PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID REPORTED ON PART IX -9,661,830. PART XI, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES NETTED AGAINST SPECIAL EVENT REVENUE -286,460. GAIN ON SALE OF ASSETS REPORTED ON PART VIII 8,500. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES NETTED AGAINST SPECIAL EVENT REVENUE 286,460. GAIN ON SALE OF ASSETS REPORTED ON PART VIII -8,500. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID REPORTED ON PART IX 9,661,830. 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 NON-DISCRIMINATION AD FOR SEATTLE ACADEMY IS DISPLAYED ON THE SCHOOL'S PUBLICLY AVAILABLE WEB SITE AT ALL TIMES AND IN THE FOOTER OF EVERY PAGE. ADDITIONALLY, THE SCHOOL INCLUDES THE NON-DISCRIMINATION STATEMENT IN ALL ADMISSIONS BROCHURES AND MATERIALS AS WELL AS PUBLICLY AVAILABLE ANNUAL REPORTS. 1 SUB-SAHARAN AFRICA 0 0 GRANTMAKING N/A 13969 0 0 0 0 0 0 13969 0 13969 SUB-SAHARAN AFRICA TUITION ASSISTANCE 13969 WIRE TRANSFER 0 1 0 1 0 0 0 0 0 PART I, LINE 2: RECORDS OF HOW THE DONATIONS AND GRANTS TO SCHOOLS HAVE BEEN SPENT ARE MAINTAINED AT SEATTLE ACADEMY. PART I, LINE 3: THE ACCRUAL METHOD WAS USED IN ACCOUNTING FOR EXPENDITURES IN PARTS I AND II. PART III ACCOUNTING METHOD: PART IV, LINE 1: FORM 926 IS NOT REQUIRED TO BE FILED BECAUSE THE TRANSFER TO A FOREIGN CORPORATION DOES NOT MEET THE REPORTING REQUIREMENTS UNDER IRC SEC 6038(A)(1)(A). X X X X X X 1 KINA WALKER-NISBET CONSULTING 5561 S HOLLY ST SEATTLE WA 98118 CAPITAL CAMPAIGN CONSULTING 0 0 131420 -131420 T CAREY CONSULTING 1752 NW MARKET ST 945 SEATTLE WA 98107 DEVELOPMENT DEPARTMENT CONSULTING 0 0 88000 -88000 219420 -219420 WA SAAS IN THE CITY 1134280 976330 157950 98366 118977 15650 34375 1134280 976330 157950 98366 118977 15650 34375 267368 -109418 32300 18000 1092 1 1.00000 32300 18000 1092 19092 13208 WA 1 0 0 0 0.00000 1.00000 KATHLEEN FRAESE 1201 E UNION STREET SEATTLE WA 98122 0 SANDRA MIDKIFF 0 SANDRA MIDKIFF HANDLED THE RAFFLE PORTION OF THE FUNDRAISING EVENT AS PART OF HER ROLE IN THE DEVELOPMENT DEPARTMENT. SHE APPLIED FOR THE LICENSE AND ENSURED THAT SAAS IS IN COMPLIANCE WITH THE LICENSE REQUIREMENTS. THE TIME SPENT IS INSIGNIFICANT TO HER OVERALL ROLE AS AN EMPLOYEE. X 1 32300 1 NEED-BASED FINANCIAL AID TO STUDENTS 266 9661830 BOOK TUITION ASSISTANCE BASED ON NEED PART I, LINE 2: TUITION ASSISTANCE IS GRANTED ON THE BASIS OF A DETERMINATION OF NEED BY THE SCHOOL AND STUDENT SERVICE FOR FINANCIAL AID, A SERVICE OF THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS, BASED ON THEIR ANALYSIS OF A PARENT'S FINANCIAL STATEMENT. ONCE A STUDENT HAS BEEN ACCEPTED FOR ENROLLMENT AT SEATTLE ACADEMY, HIS/HER/THEIR NEED FOR TUITION ASSISTANCE IS EVALUATED AGAINST THE RELATIVE NEED OF ALL OTHER ACCEPTED APPLICANTS FOR TUITION ASSISTANCE. WHEN A STUDENT COMPLETES ENROLLMENT AND ACCEPTS A GRANT OF TUITION ASSISTANCE, THE AMOUNT OF TUITION ASSISTANCE GRANTED IS APPLIED TO HIS/HER/THEIR ACCOUNT TO REDUCE THE TUITION DUE FOR THE SCHOOL YEAR. STUDENTS AWARDED TUITION ASSISTANCE GRANTS WILL ALSO RECEIVE ASSISTANCE WITH FEES REQUIRED TO PARTICIPATE IN THE OVERALL SCHOOL PROGRAM, INCLUDING ASSISTANCE WITH TRANSPORTATION, TRIPS, LUNCH, AND TECHNOLOGY. X X X 0 1 0 0 0 0 0 1 0 ROB PHILLIPS HEAD OF SCHOOL 604629 0 50000 0 0 0 32673 0 12142 0 699444 0 0 0 DOUGLAS AMBACH CHIEF FINANCIAL OFFICER 258506 0 0 0 0 0 21415 0 12142 0 292063 0 0 0 GISELLE FURLONG ASSOCIATE HEAD OF SCHOOL 252627 0 0 0 0 0 21000 0 12142 0 285769 0 0 0 TODD JOHNSON CHIEF OPERATIONS OFFICER 208333 0 0 0 0 0 16666 0 12142 0 237141 0 0 0 FRED STRONG DEAN OF ARTS & ATHLETICS 164070 0 0 0 0 0 13760 0 12142 0 189972 0 0 0 SANDRA MIDKIFF DEVELOPMENT DIRECTOR 167409 0 0 0 0 0 10000 0 12142 0 189551 0 0 0 LORI METCALF ENROLLMENT DIRECTOR 156047 0 0 0 0 0 14400 0 12142 0 182589 0 0 0 GISELLE CONFEHR HUMAN RESOURCES AND PAYROLL DIRECTOR 154400 0 0 0 0 0 12480 0 12142 0 179022 0 0 0 CATHERINE EZZO UPPER SCHOOL DIVISION HEAD 143196 0 0 0 0 0 12400 0 12142 0 167738 0 0 0 MADELINE PENNINGTON COMMUNICATIONS DIRECTOR 141250 0 0 0 0 0 11300 0 12142 0 164692 0 0 0 WILLIAM FELTON TECHNOLOGY DIRECTOR 134128 0 0 0 0 0 11920 0 12142 0 158190 0 0 0 PART I, LINE 4B HEAD OF SCHOOL PARTICIPATED IN A 457(F) NONQUALIFIED DEFERRED COMPENSATION PLAN FOR SERVICE FROM 7/1/22 TO 6/30/23. THE PLAN AWARD IS BASED ON 6% OF HIS ANNUAL BASE SALARY FROM 7/1/2022 TO 6/30/2023. THE FUNDS ARE INVESTED AT THE BOARD'S DISCRETION. THE AWARD EXPENSE WAS $33,400 FOR 7/1/22 TO 6/30/23. IN ADDITION, THE HEAD OF SCHOOL HAS A 457B PLAN WITH MATCHING FUNDS PAID BY THE SCHOOL. THE EXPENSE TO THE SCHOOL FOR THE 457B WAS $9,000 FOR 7/1/22 TO 6/30/23. PART I, LINE 7 THE BONUS FOR THE HEAD OF SCHOOL IS DETERMINED AT THE DISCRETION OF THE EXECUTIVE COMMITTEE OF THE BOARD. A WASHINGTON STATE HOUSING FINANCE COMMISSION 911874730 2016-10-13 27500000 CONSTRUCT EDUCATIONAL BLDG 0 0 0 A 4123550 27500000 100000 27400000 2018 0 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 1 0 1 A 1 1 0 0 1 A 1 NA N/A 139633 FINANCIAL AID FINANCIAL AID X 16 645259 FAIR MARKET VALUE X WINE 80 30312 FAIR MARKET VALUE X RAFFLE ITEMS 2 18000 FAIR MARKET VALUE X CHOCOLATE 1 1300 FAIR MARKET VALUE 0 0 1 1 PART I, COLUMN (B): STOCK DONATIONS AND RAFFLE ITEMS ARE COUNTED BY DONOR. DONATED WINE AND OTHER ITEMS ARE COUNTED BY ITEMS RECEIVED. PART I, LINE 32B: FOR GIFTED PROPERTY, SUCH AS VEHICLES, IF NOT KEEPING THEM, WE HAVE THEM SOLD USING A THIRD PARTY. FORM 990, PART I, LINE 6: BOARD OF TRUSTEES AND BOARD COMMITTEE MEMBERS ARE ALL VOLUNTEERS. PARENTS VOLUNTEER IN ALL ARTS, ATHLETICS, EXTRACURRICULAR, AND FUNDRAISING EVENTS. THEY ASSIST IN VARIOUS WAYS, INCLUDING SET-UP, CLEAN-UP, GREETING, FOOD PREPARATION, SERVING, COMMUNICATION AND PROMOTION, PICTURE TAKING, AND OVERALL EVENT COORDINATION TO SUPPORT THE SCHOOL'S ACTIVITIES, EDUCATIONAL PROGRAMS, AND EVENTS. PARENTS AND FRIENDS VOLUNTEER AS SPEAKERS IN EDUCATIONAL PROGRAMS FOR STUDENTS, SUCH AS GUEST SPEAKERS IN CLASSES AND CAREER DAYS. FORM 990, PART VI, SECTION A, LINE 4 DURING FY23, THE BYLAWS WERE UPDATED TO EXPAND THE NUMBER OF VOTING MEMBERS OF THE GOVERNING BODY FROM 25 TO 31. CLARIFICATION WAS ALSO ADDED FOR TERM EXTENSIONS OF VOTING TRUSTEES AND DEFINITION OF AN HONORARY TRUSTEE. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE FINANCE & AUDIT COMMITTEE OF THE BOARD OF TRUSTEES PRIOR TO SIGNING BY THE CHIEF FINANCIAL OFFICER. A PUBLIC DISCLOSURE COPY OF THE RETURN IS PROVIDED TO ALL BOARD MEMBERS PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF TRUSTEES HAS A CONFLICT OF INTEREST POLICY THAT IS DISTRIBUTED EACH YEAR. ALL TRUSTEES, MEMBERS OF BOARD COMMITTEES, AND KEY/SENIOR MANAGEMENT EMPLOYEES ARE REQUIRED TO SIGN AND RETURN A DOCUMENT ACKNOWLEDGING THE POLICY. WHERE A POTENTIAL CONFLICT OF INTEREST EXISTS, IT IS THE RESPONSIBILITY OF THE INTERESTED PERSON INVOLVED, OR ANY OTHER PERSON WITH KNOWLEDGE, TO NOTIFY THE BOARD OF TRUSTEES OF THE CIRCUMSTANCES RESULTING IN THE POTENTIAL CONFLICT. AFTER DISCLOSURE, THE BOARD PRESIDENT, IN CONCERT WITH THE GOVERNANCE COMMITTEE, WILL REVIEW THE POTENTIAL CONFLICT AND TAKE FURTHER ACTION AS APPROPRIATE. IF A CONFLICT DOES EXIST, THE PERSON WITH THE CONFLICT IS EXCUSED FROM ATTENDING MEETINGS, PARTICIPATING IN DISCUSSIONS, AND FROM VOTING ON ITEMS WHERE THERE IS A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES SETS COMPENSATION FOR THE HEAD OF SCHOOL (THE "HEAD") EACH YEAR. THE HEAD'S CONTRACTED COMPENSATION CAN BE IMPACTED PERFORMANCE REVIEW AND ANALYSIS OF COMPENSATION STATISTICS OF COMPARABLE POSITIONS IN COMPARABLE SCHOOLS REGIONALLY AND NATIONALLY PROVIDED BY THE NORTHWEST ASSOCIATION OF INDEPENDENT SCHOOLS AND THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS. THE EXECUTIVE COMMITTEE MEETS TO DISCUSS COMPENSATION AND/OR BONUS AND RECORDS ITS DELIBERATION. THE COMPENSATIONS REVIEW FOR THE 2022-23 FISCAL YEAR OCCURRED IN THE SPRING OF 2022 AND THE NEW COMPENSATION STARTED JULY 1. THE EMPLOYED OFFICERS OTHER THAN THE HEAD OF SCHOOL, AS WELL AS THE KEY EMPLOYEES, HAVE THEIR JOB PERFORMANCE REVIEWED ANNUALLY BY THE HEAD OF SCHOOL. THE HEAD OF SCHOOL SETS THE COMPENSATION IN THE SPRING FOR A CHANGE IN COMPENSATION STARTING IN JULY. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.