2023-01-23T15:39:45-06:00 2022-06-30 911194016 CLARK NUBER PS 10900 NE 4TH STREET SUITE 1400 BELLEVUE WA 98004 990 2021-07-01 910564971 LAKESIDE SCHOOL LAKE 2063683610 14050 1ST AVE NE SEATTLE WA 98125 BIRAGE TANDON ASST. HEAD OF SCHOOL/CFO 2063683610 2023-01-17 1 BIRAGE TANDON 999009999 SARA ELIZABETH H JONES P00235495 4254544919 2023-01-17 3 AAL1 IAL1 2021 2023-03-07 01:45:13Z KAI BYNUM 14050 1ST AVE NE SEATTLE WA 98125 73392691 0 X WWW.LAKESIDESCHOOL.ORG X 1923 WA TO EDUCATE STUDENTS IN GRADES 5-12. 18 17 517 168 0 0 8246570 6162931 36322514 39063743 10753038 19421833 416965 405621 55739087 65054128 9003728 8843841 0 0 27969352 29626548 0 0 1029463 11836239 13747581 48809319 52217970 6929768 12836158 426505041 394164521 34190289 35794798 392314752 358369723 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 38446162 8151185 34469609 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. 2675464 541906 1690484 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. 2206444 150750 2903650 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 A LAB" BY LEVERAGING OFF VARIOUS TEACHING RESOURCES IN DOWNTOWN SEATTLE. 43328070 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 139 0 517 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 CAREY CRUTCHER SMITH CHAIR 5.00 0.00 X X 0 0 0 ARTEMIOS PANOS VICE CHAIR 5.00 0.00 X X 0 0 0 BERTRAND VALDMAN IMMEDIATE PAST CHAIR, TREASURER 5.00 0.00 X X 0 0 0 SEAN O'DONNELL SECRETARY 2.00 0.00 X X 0 0 0 AMY CRICHTON HONORARY TRUSTEE 2.00 0.00 X 0 0 0 SARAH BARTON TRUSTEE 2.00 0.00 X 0 0 0 MICHELLE CHEN TRUSTEE 2.00 0.00 X 0 0 0 LLOYD FRINK TRUSTEE 2.00 0.00 X 0 0 0 DAVID DE LA FUENTE TRUSTEE 2.00 0.00 X 0 0 0 MARK KLEBANOFF TRUSTEE 2.00 0.00 X 0 0 0 MICHAEL LARSON TRUSTEE 2.00 0.00 X 0 0 0 KATHLEEN MURRAY TRUSTEE 2.00 0.00 X 0 0 0 MICHAEL NACHBAR TRUSTEE 2.00 0.00 X 0 0 0 NICHOLAS STEVENS TRUSTEE 2.00 0.00 X 0 0 0 BRIDGETTE TAYLOR TRUSTEE 2.00 0.00 X 0 0 0 KATIE 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 BERNIE NOE HEAD OF SCHOOL 40.00 0.00 X 655185 0 131221 BIRAGE TANDON ASST HEAD OF SCHOOL/CFO 40.00 0.00 X 322673 0 26724 SUE BELCHER HEAD OF DOWNTOWN SCHOOL 40.00 0.00 X 201756 0 29595 FELICIA WILKS ASST HEAD OF SCHOOL/UPPER SCHOOL DIRECTOR 40.00 0.00 X 313779 0 16866 DAIGA GALINS DIRECTOR OF DEVELOPMENT 40.00 0.00 X 236099 0 42212 REEM ABU RAHMEH MIDDLE SCHOOL DIRECTOR 40.00 0.00 X 193428 0 16901 WELLESLEY WILSON DIRECTOR OF ADMISSIONS 40.00 0.00 X 191244 0 20412 BRYAN SMITH DIRECTOR OF EXPERIENTIAL EDUCATION 40.00 0.00 X 191380 0 36433 CHRISTOPHER HARTLEY DIRECTOR OF ATHLETICS 40.00 0.00 X 170005 0 20744 JAMES BRITTO DIRECTOR OF TECHNOLOGY 40.00 0.00 X 173762 0 16655 ARI WORTHMAN DIRECTOR OF COLLEGE COUNSELING 40.00 0.00 X 170213 0 18905 2819524 0 376668 79 0 1 0 FIDALAB LLC 4242 22ND AVE W SEATTLE WA 98199 COVID LAB SERVICES 1168230 DURABLE CAPITAL ONSHORE FUND LP 5425 WISCONSIN AVE STE 802 CHEVY CHASE MD 20815 INVESTMENT MANAGEMENT 478074 SPENCER STUART PO BOX 98991 CHICAGO IL 60693 RECRUITING 260089 ALLIED UNIVERSAL SECURITY SERVICES PO BOX 31001 PASADENA CA 91110 SECURITY SERVICES 243536 US BANK 1555 N RIVERCENTER DR STE 300 MILWAUKEE WI 53212 INVESTMENT MANAGEMENT 221926 11 6162931 1092920 6162931 TUITION FEES 611600 37373259 37373259 AUXILIARY SERVICES 611710 1690484 1690484 39063743 3189344 3189344 394484 0 394484 394484 394484 24538490 32562 8338170 393 16200320 32169 16232489 16232489 REFUNDS/REBATES 900099 5342 5342 UNCLAIMED PROPERTY 900099 1567 1567 HONORARIUM 900099 1500 1500 2728 2728 11137 65054128 39063743 0 19827454 8843841 8843841 2011035 464235 1284048 262752 30553 30553 21824338 18789748 2550762 483828 1221162 1046647 143524 30991 2900800 2396609 450901 53290 1638660 1366909 221084 50667 54623 54623 65264 65264 1719129 1719129 1653254 1232838 401293 19123 28043 741 27302 2727765 2356322 316631 54812 580872 461869 116666 2337 2306843 2180473 104699 21671 683717 630778 52922 17 266820 243136 23547 137 2677136 2570052 80313 26771 373336 359118 10663 3555 HOSPITALITY 535866 296402 223019 16445 TUITION EXPENSE 52500 52500 OTHER TAXES 2527 2527 19886 5299 11520 3067 52217970 43328070 7860437 1029463 7170628 6680115 8709508 6057848 5023025 2730183 25395482 26353127 27661 34793 1336040 1884443 91821278 33292160 58623272 58529118 138118813 112773397 181970764 178923077 129848 198420 426505041 394164521 3573066 4191825 29145182 30080712 978312 1004918 493729 517343 34190289 35794798 X 114974564 113612362 277340188 244757361 392314752 358369723 426505041 394164521 X 12836158 -46814803 33616 X 0 1 X 1 0 X 5262962 13159866 6050674 8246570 6150189 38870261 5262962 13159866 6050674 8246570 6150189 38870261 6755669 32114592 2328981 2652568 3755830 2427403 3583828 14748610 23666 6021 30393 17756 9639 87475 53706346 173686530 0.59800 0.60940 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: REFUNDS/REBATES - 2017 AMOUNT: $ 3,245. 2018 AMOUNT: $ 4,479. 2019 AMOUNT: $ 13,326. 2020 AMOUNT: $ 17,237. 2021 AMOUNT: $ 5,342. UNCLAIMED PROPERTY - 2019 AMOUNT: $ 9,550. 2021 AMOUNT: $ 1,567. MISCELLANEOUS INCOME - 2017 AMOUNT: $ 1,868. 2018 AMOUNT: $ 1,542. 2019 AMOUNT: $ 3,007. 2020 AMOUNT: $ 279. 2021 AMOUNT: $ 2,690. BENEFITS REIMBURSEMENT - 2017 AMOUNT: $ 17,553. CASH AWARD - 2017 AMOUNT: $ 1,000. BOOK SALES - 2019 AMOUNT: $ 4,510. 2020 AMOUNT: $ 240. 2021 AMOUNT: $ 40. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 280694888 2332710 -25581816 8482110 248963672 214462398 1759684 71980513 7507707 280694888 223288275 1052066 -1442065 8435878 214462398 222568190 1579397 7551286 8410598 223288275 213709387 797396 16168833 8107426 222568190 0.03575 0.59529 0.36896 0 0 2890168 2890168 74827458 24455021 50372437 1666456 628652 1037804 5392922 3109446 2283476 7044274 5099041 1945233 58529118 ALTERNATIVE INVESTMENTS 177228059 F CHARITABLE REMAINDER TRUSTS 1695018 F 178923077 OTHER CURRENT LIABILITIES 517343 517343 7709971 -46814803 -8810225 -55625028 63334999 1719129 1719129 65054128 41655000 0 41655000 1719129 8843841 10562970 52217970 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 -8,843,841. CHANGE IN VALUE OF TRUSTS 33,616. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 8,843,841. 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. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS N/A 33713595 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENTS N/A 9404980 CENTRAL AMERICA AND THE CARIBBEAN 0 12 PROGRAM SERVICES COMMUNITY SERVICE AND CULTURAL IMMERSION 95916 NORTH AMERICA 0 9 PROGRAM SERVICES COMMUNITY SERVICE AND CULTURAL IMMERSION 66659 0 21 0 0 0 21 43281150 0 43281150 1 0 1 0 1 0 PART III ACCOUNTING METHOD: 1 FINANCIAL AID FOR TUITION 294 0 8301935 BOOK VALUE REDUCTION OF FAMILIES' TUITION COST FINANCIAL AID FOR OTHER SCHOOL-RELATED COSTS 294 0 541906 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 561850 0 83858 0 9477 0 20300 0 110921 0 786406 0 0 0 BIRAGE TANDON ASST HEAD OF SCHOOL/CFO 320081 0 0 0 2592 0 20300 0 6424 0 349397 0 0 0 FELICIA WILKS ASST HEAD OF SCHOOL/UPPER SCHOOL DIR 240939 0 0 0 72840 0 16866 0 0 0 330645 0 0 0 DAIGA GALINS DIRECTOR OF DEVELOPMENT 230267 0 0 0 5832 0 16119 0 26093 0 278311 0 0 0 SUE BELCHER HEAD OF DOWNTOWN SCHOOL 174336 0 24275 0 3145 0 12204 0 17391 0 231351 0 0 0 BRYAN SMITH DIRECTOR OF EXPERIENTIAL EDUCATION 165102 0 5000 0 21278 0 11557 0 24876 0 227813 0 0 0 WELLESLEY WILSON DIRECTOR OF ADMISSIONS 180900 0 0 0 10344 0 12663 0 7749 0 211656 0 0 0 REEM ABU RAHMEH MIDDLE SCHOOL DIRECTOR 180900 0 0 0 12528 0 12663 0 4238 0 210329 0 0 0 CHRISTOPHER HARTLEY DIRECTOR OF ATHLETICS 168409 0 0 0 1596 0 11789 0 8955 0 190749 0 0 0 JAMES BRITTO DIRECTOR OF TECHNOLOGY 165800 0 0 0 7962 0 11606 0 5049 0 190417 0 0 0 ARI WORTHMAN DIRECTOR OF COLLEGE COUNSELING 169373 0 0 0 840 0 11856 0 7049 0 189118 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, SUE BELCHER, HEAD OF DOWNTOWN SCHOOL, AND BRYAN SMITH, DIRECTOR OF EXPERIENTIAL EDUCATION, 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 80134 FINANCIAL AID FINANCIAL AID MARY ANNE CHRISTY SEE PART V 30553 EMPLOYMENT 0 SCH L, PART IV, BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS: (A) HAME OF PERSON: MARY ANNE CHRISTY(B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: FAMILY MEMBER OF MARK KLEBANOFF, TRUSTEE X 31 1092920 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 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 2021/2022 CALENDAR YEAR WE HAD APPROXIMATELY 150 VOLUNTEERS THAT WERE PART OF PGA BOARD MEMBERS ALONG WITH COMMITTEE CHAIRS, LEADERSHIP ROLES AND ALSO SUPPORTED THE 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 B, LINE 11B THE COMMITTEE OF THE BOARD IS 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 33,616. 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