2023-11-08T13:56:14-06:00 2023-06-30 911194016 CLARK NUBER PS 10900 NE 4TH STREET SUITE 1400 BELLEVUE WA 98004 990 2022-07-01 910564971 LAKESIDE SCHOOL LAKE 2063683610 14050 1ST AVE NE SEATTLE WA 98125 BIRAGE TANDON ASST HEAD OF SCHOOL/CFO 2063683610 2023-11-07 1 BIRAGE TANDON 999009999 0 SARAH B HUANG P00745974 4254544919 2023-11-07 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z KAI BYNUM 14050 1ST AVE NE SEATTLE WA 98125 111500062 0 X WWW.LAKESIDESCHOOL.ORG X 1923 WA TO EDUCATE STUDENTS IN GRADES 5-12. 18 18 506 200 0 0 6162931 34262241 39063743 40779179 19421833 3263037 405621 590285 65054128 78894742 8843841 9648516 0 0 29626548 31510758 0 0 1114229 13747581 13765242 52217970 54924516 12836158 23970226 394164521 445547196 35794798 38688590 358369723 406858606 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 39363985 8771388 35937502 LAKESIDE SCHOOL CONTINUES ITS FOCUS ON THE CORE ELEMENTS OF ITS MISSION: ACADEMIC EXCELLENCE, DIVERSITY, AND GLOBAL EDUCATION, TO PROVIDE A WORLD CLASS EDUCATION FOR THE 21ST CENTURY. IN ADDITION TO ITS COMPREHENSIVE SCHOOL-YEAR PROGRAM, THE SCHOOL OFFERS A RICH ARRAY OF SUMMER ACADEMIC COURSES AND STEM AND ATHLETIC CAMPS AS WELL AS THE LAKESIDE EXPERIENTIAL EDUCATIONAL PROGRAM (LEEP), WHICH SERVES RISING 6TH AND 9TH GRADERS IN THE SEATTLE PUBLIC SCHOOLS BY PROVIDING GREATER ACCESS TO LAKESIDE'S CAMPUS AND OPPORTUNITIES. 3068390 664878 1972747 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 EDUCATION INITIATIVE. TO SUPPORT TOOLS FOR LEARNING, LAKESIDE SELLS LAPTOP COMPUTERS AND E-LEARNING MATERIALS TO STUDENTS' FAMILIES. 2486756 212250 2868930 THE DOWNTOWN SCHOOL, A MICRO SCHOOL IN SEATTLE CENTER, OPENED IN FALL 2018. THE MODEL PRESERVES THE ESSENCE OF A LAKESIDE ACADEMIC EDUCATION AT APPROXIMATELY HALF THE TUITION. 44919131 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 0 0 1 0 0 0 0 1 0 0 0 1 X 122 0 506 1 1 0 0 0 0 0 0 0 0 0 0 0 0 X 18 18 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 KAI BYNUM HEAD OF SCHOOL 40.00 0.00 X 406217 0 26090 BERNIE NOE HEAD OF SCHOOL (THRU 6/22) 40.00 0.00 X 367092 0 79370 BIRAGE TANDON ASST HEAD OF SCHOOL/CFO 40.00 0.00 X 336405 0 31952 DAIGA GALINS DIRECTOR OF DEVELOPMENT 40.00 0.00 X 228376 0 51688 SUE BELCHER HEAD OF DOWNTOWN SCHOOL 40.00 0.00 X 209345 0 43088 WELLESLEY WILSON DIRECTOR OF ADMISSIONS 40.00 0.00 X 197686 0 25146 BRYAN SMITH DIRECTOR OF EXPERIENTIAL EDUCATION 40.00 0.00 X 183053 0 45695 REEM ABU RAHMEH MIDDLE SCHOOL DIRECTOR 40.00 0.00 X 193000 0 20935 JAMES BRITTO DIRECTOR OF TECHNOLOGY 40.00 0.00 X 183174 0 24564 CHRISTOPHER HARTLEY DIRECTOR OF ATHLETICS 40.00 0.00 X 175245 0 27022 ARI WORTHMAN DIRECTOR OF COLLEGE COUNSELING 40.00 0.00 X 172092 0 24425 FELICIA WILKS ASST HEAD OF SCHOOL (THRU 6/22) 40.00 0.00 X 157098 0 8475 RYAN BOCCUZZI UPPER SCHOOL DIRECTOR 40.00 0.00 X 146918 0 20389 ARTEMIOS PANOS CHAIR 5.00 0.00 X X 0 0 0 SEAN O'DONNELL VICE CHAIR 5.00 0.00 X X 0 0 0 MARK KLEBANOFF TREASURER 5.00 0.00 X X 0 0 0 BRIDGETTE TAYLOR SECRETARY 2.00 0.00 X X 0 0 0 CAREY CRUTCHER SMITH IMMEDIATE PAST CHAIR 5.00 0.00 X 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 DAVID DE LA FUENTE TRUSTEE 2.00 0.00 X 0 0 0 LLOYD FRINK TRUSTEE 2.00 0.00 X 0 0 0 CHARLOTTE GUYMAN TRUSTEE 2.00 0.00 X 0 0 0 ANNE MARIE KRIVENS TRUSTEE 2.00 0.00 X 0 0 0 MICHAEL NACHBAR TRUSTEE 2.00 0.00 X 0 0 0 EDUARDO PENALVER TRUSTEE 2.00 0.00 X 0 0 0 NICHOLAS STEVENS TRUSTEE 2.00 0.00 X 0 0 0 KEITH 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 2955701 0 428839 102 1 1 0 FIELDTURF USA INC 7445 COTE-DE-LIESSE RD STE 200 MONTREAL QUEBEC CA H4T 1G2 TURF FIELD INSTALLATION 727267 KNOWING TECHNOLOGIES LLC 660 PRICE AVE SUITE C REDWOOD CA 94063 TECHNOLOGY SERVICES 546130 FIDALAB LLC 4242 22ND AVE W SEATTLE WA 98199 COVID LAB SERVICES 396536 US BANK 1555 N RIVERCENTER DR STE 300 MILWAUKEE WI 53212 INVESTMENT MANAGEMENT 345151 US FOODS INC PO BOX 34006 SEATTLE WA 98124 FOOD SERVICES 344741 17 34262241 1051542 34262241 TUITION FEES 611600 38806432 38806432 AUXILIARY SERVICES 611710 1972747 1972747 40779179 3935268 3935268 470822 0 470822 470822 470822 31758036 175053 32538702 66618 -780666 108435 -672231 -672231 BUS EXCHANGE PROGRAM 900099 93040 93040 REFUNDS/REBATES 900099 25893 25893 530 530 119463 78894742 40779179 0 3853322 9648516 9648516 2243953 468566 1499982 275405 533 533 22994784 19681403 2771367 542014 1318735 1120261 163372 35102 3233697 2599339 574000 60358 1719056 1409946 253178 55932 100508 100508 62203 62203 1876596 1876596 772019 319883 436905 15231 30954 4653 26301 2945303 2575475 304097 65731 697180 578391 118755 34 2604300 2477076 103440 23784 766574 731903 33563 1108 363429 322729 40628 72 2517595 2416892 75527 25176 437142 253653 181548 1941 HOSPITALITY 517759 267935 237483 12341 TUITION EXPENSE 35138 35138 OTHER TAXES 2270 2270 36272 6839 29433 54924516 44919131 8891156 1114229 6680115 1562150 6057848 5345518 2730183 11567641 26353127 27722384 34793 44100 1884443 2035878 93293762 34344140 58529118 58949622 112773397 143746545 178923077 192979276 198420 1594082 394164521 445547196 4191825 4236258 30080712 31582014 1262977 1242313 259284 1628005 35794798 38688590 X 113612362 133681479 244757361 273177127 358369723 406858606 394164521 445547196 X 23970226 24693085 -174428 X 0 1 X 1 0 X 13159866 6050674 8246570 6162931 34262241 67882282 13159866 6050674 8246570 6162931 34262241 67882282 31097724 36784558 2652568 3755830 2427403 3583828 4406090 16825719 6021 30393 17756 9639 119482 183291 84891292 183556451 0.43330 0.59800 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: REFUNDS/REBATES - 2018 AMOUNT: $ 4,479. 2019 AMOUNT: $ 13,326. 2020 AMOUNT: $ 17,237. 2021 AMOUNT: $ 5,342. 2022 AMOUNT: $ 25,893. UNCLAIMED PROPERTY - 2019 AMOUNT: $ 9,550. 2021 AMOUNT: $ 1,567. MISCELLANEOUS INCOME - 2018 AMOUNT: $ 1,542. 2019 AMOUNT: $ 3,007. 2020 AMOUNT: $ 279. 2021 AMOUNT: $ 2,690. 2022 AMOUNT: $ 530. BOOK SALES - 2019 AMOUNT: $ 4,510. 2020 AMOUNT: $ 240. 2021 AMOUNT: $ 40. BUS EXCHANGE PROGRAM - 2022 AMOUNT: $ 93,059. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 248963672 1279914 23158414 9288403 264113597 280694888 2332710 -25581816 8482110 248963672 214462398 1759684 71980513 7507707 280694888 223288275 1052066 -1442065 8435878 214462398 222568190 1579397 7551286 8410598 223288275 0.03356 0.56525 0.40119 0 0 2890168 2890168 74846321 25957784 48888537 1687514 801494 886020 6777648 3337962 3439686 7092111 4246900 2845211 58949622 ALTERNATIVE INVESTMENTS 191458686 F CHARITABLE REMAINDER TRUSTS 1520590 F 192979276 LEASE LIABILITY 1628005 1628005 91888287 24693085 -9822944 14870141 77018146 1876596 1876596 78894742 43399404 0 43399404 1876596 9648516 11525112 54924516 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 -9,648,516. CHANGE IN VALUE OF TRUSTS -174,428. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 9,648,516. 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 35060476 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENTS N/A 10415907 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES COMMUNITY SERVICE AND CULTURAL IMMERSION 118773 NORTH AMERICA 0 0 PROGRAM SERVICES COMMUNITY SERVICE AND CULTURAL IMMERSION 201443 0 0 0 0 0 0 45796599 0 45796599 1 0 1 0 1 0 PART I, LINE 3: EXPENDITURES ARE BASED ON THE ACCRUAL METHOD OF ACCOUNTING. PART III ACCOUNTING METHOD: 1 FINANCIAL AID FOR TUITION 304 0 8983638 BOOK VALUE REDUCTION OF FAMILIES' TUITION COST FINANCIAL AID FOR OTHER SCHOOL-RELATED COSTS 304 0 664878 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 KAI BYNUM HEAD OF SCHOOL 325000 0 198 0 81019 0 21350 0 4740 0 432307 0 0 0 BERNIE NOE HEAD OF SCHOOL (THRU 6/22) 278316 0 84697 0 4079 0 19763 0 59607 0 446462 0 0 0 BIRAGE TANDON ASST HEAD OF SCHOOL/CFO 333615 0 198 0 2592 0 21350 0 10602 0 368357 0 0 0 DAIGA GALINS DIRECTOR OF DEVELOPMENT 222521 0 198 0 5657 0 16604 0 35084 0 280064 0 0 0 SUE BELCHER HEAD OF DOWNTOWN SCHOOL 178287 0 28025 0 3033 0 13406 0 29682 0 252433 0 0 0 WELLESLEY WILSON DIRECTOR OF ADMISSIONS 183645 0 196 0 13845 0 13044 0 12102 0 222832 0 0 0 BRYAN SMITH DIRECTOR OF EXPERIENTIAL EDUCATION 156689 0 196 0 26168 0 11905 0 33790 0 228748 0 0 0 REEM ABU RAHMEH MIDDLE SCHOOL DIRECTOR 186345 0 196 0 6459 0 13044 0 7891 0 213935 0 0 0 JAMES BRITTO DIRECTOR OF TECHNOLOGY 173040 0 196 0 9938 0 12312 0 12252 0 207738 0 0 0 CHRISTOPHER HARTLEY DIRECTOR OF ATHLETICS 173442 0 196 0 1607 0 12143 0 14879 0 202267 0 0 0 ARI WORTHMAN DIRECTOR OF COLLEGE COUNSELING 171056 0 196 0 840 0 12173 0 12252 0 196517 0 0 0 FELICIA WILKS ASST HEAD OF SCHOOL (THRU 6/22) 121068 0 0 0 36030 0 8475 0 0 0 165573 0 0 0 RYAN BOCCUZZI UPPER SCHOOL DIRECTOR 108393 0 215 0 38310 0 7875 0 12514 0 167307 0 0 0 PART I, LINE 1A BERNIE NOE, FORMER HEAD OF SCHOOL, LIVED IN CAMPUS HOUSING PROVIDED BY LAKESIDE ALONG WITH A HOUSE MANAGER AND HOUSE CLEANER. THE VALUE OF THE HOUSING PROVIDED MET THE REQUIREMENTS OF IRC SECTION 119 AND THEREFORE WAS NOT INCLUDED IN HIS TAXABLE COMPENSATION. KAI BYNUM, FELICIA WILKS, FORMER ASSISTANT HEAD OF SCHOOL AND FORMER UPPER SCHOOL DIRECTOR, AND RYAN BOCCUZZI LIVE IN RENTALS OWNED BY LAKESIDE SCHOOL. THE MARKET VALUE OF THE HOUSING WAS BOOKED AS IMPUTED INCOME. WELLESLEY WILSON LIVED IN A LAKESIDE RENTAL THROUGH 1/16/2023 & REEM ABU RAHMEH LIVED IN A LAKESIDE RENTAL THROUGH 5/16/2022 - BOTH PAID UNDER MARKET RENT WITH THE BALANCE BEING BOOKED AS IMPUTED INCOME. PART I, LINE 7 KAI BYNUM, HEAD OF SCHOOL, BERNIE NOE, FORMER HEAD OF SCHOOL, BIRAGE TANDON, ASST HEAD OF SCHOOL/CFO, DAIGA GALINS, DIRECTOR OF DEVELOPMENT, SUE BELCHER, HEAD OF DOWNTOWN SCHOOL, BRYAN SMITH, DIRECTOR OF EXPERIENTIAL EDUCATION, WELLESLEY WILSON, DIRECTOR OF ADMISSIONS, REEM ABU RAHMEH, MIDDLE SCHOOL DIRECTOR, JAMES BRITTO, DIRECTOR OF TECHNOLOGY, CHRISTOPHER HARTLEY, DIRECTOR OF ATHLETICS, ARI WORTHMAN, DIRECTOR OF COLLEGE COUNSELING, AND RYAN BOCCUZZI, UPPER SCHOOL DIRECTOR, 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 62120 FINANCIAL AID FINANCIAL AID X 50 1051542 FAIR MARKET VALUE 0 0 1 0 PART I, COLUMN (B): THE AMOUNT IN COLUMN (B) REPRESENTS THE NUMBER OF ITEMS 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 2022/2023 CALENDAR YEAR WE HAD APPROXIMATELY 200 VOLUNTEERS WHO INCLUDED SCHOOL BOARD MEMBERS, COMMITTEE CHAIRS, LEADERSHIP ROLES, AND ROAR AUCTION VOLUNTEERS. 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 HONORARY TRUSTEES MAY NO LONGER BE ELECTED AND ONLY THOSE ELCETED BEFORE JUNE 30, 2018 MAY CONTINUE TO SERVE UNTIL COMPLETION OF THEIR TERM. THE BYLAWS HAVE BEEN UPDATED TO INCLUDE THE NEW POSITION OF TRUSTEE EMERITUS. THIS IS A NONVOTING POSITION. FORM 990, PART VI, SECTION B, LINE 11B THE ASSETS MANAGEMENT COMMITTEE OF THE BOARD IS RESPONSIBLE FOR OVERSEEING THE SCHOOL'S FINANCES. THIS COMMITTEE REVIEWS A PUBLIC DISCLOSURE COPY OF THE FORM 990 WITH THE EXTERNAL TAX PREPARER AND THEN VOTES TO ACCEPT IT EACH YEAR. FORM 990, PART VI, SECTION B, LINE 12C ALL TRUSTEES, OFFICERS AND KEY EMPLOYEES COMPLETE AND SIGN A DOCUMENT ASSERTING THEY HAVE READ AND UNDERSTOOD THE POLICY, DISCLOSING CONFLICTS, IF ANY, AND CONFIRMING THEIR COMPLIANCE WITH THE POLICY. A COMMITTEE OF THE BOARD REVIEWS THE ANNUAL WRITTEN STATEMENTS. THE SAME COMMITTEE RESPONDS TO ANY INDICATION OF NON-COMPLIANCE. IF TIME THERE IS CONFLICT OF INTEREST, THE INDIVIDUAL IS EXCUSED FROM VOTING ON THE ISSUE. FORM 990, PART VI, SECTION B, LINE 15 THE CURRENT HEAD OF SCHOOL WAS 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. COMPENSATION FOR OFFICERS AND KEY EMPLOYEES IS BENCHMARKED AGAINST NATIONAL PEER SCHOOLS USING THE ANNUALLY AVAILABLE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS (NAIS) DATA ANALYSIS FOR SCHOOL LEADERSHIP (DASL) SURVEY. 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 -174,428. 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