2022-05-13T13:34:27-05:00 2021-06-30 911194016 CLARK NUBER PS 10900 NE 4TH STREET SUITE 1400 BELLEVUE WA 98004 990 2020-07-01 910673111 CHARLES WRIGHT ACADEMY CHAR 2536208300 7723 CHAMBERS CREEK ROAD TACOMA WA 98467 SUSAN RICE HEAD OF SCHOOL 2536208312 2022-05-11 1 SUSAN RICE 999009999 SARAH B HUANG P00745974 4254544919 2022-05-10 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z SUSAN RICE 7723 CHAMBERS CREEK ROAD TACOMA WA 98467 21482321 0 X WWW.CHARLESWRIGHT.ORG X 1957 WA AN INDEPENDENT SCHOOL FOR GIRLS AND BOYS FROM PRESCHOOL THROUGH 12TH GRADE. 21 20 211 200 0 13959 1452539 2884132 17559303 16266782 1226342 1907045 -23427 11742 20214757 21069701 2858206 2655377 0 0 12840179 11093624 0 0 668698 4638584 4593600 20336969 18342601 -122212 2727100 63747007 79716455 7222842 14187248 56524165 65529207 TO INSPIRE ACTIVE, JOYFUL LEARNING WHILE NURTURING AND CHALLENGING OUR STUDENTS TO DEVELOP THE CHARACTER, CREATIVITY, AND SKILLS TO SUCCESSFULLY NAVIGATE THE FUTURE WITH CONFIDENCE. 0 0 14679352 2655377 16266782 CHARLES WRIGHT ACADEMY IS AN INDEPENDENT SCHOOL FOR GIRLS AND BOYS FROM PRESCHOOL THROUGH 12TH GRADE. OUR TEACHERS SUPPORT, STRETCH, AND CHALLENGE OUR STUDENTS TO BECOME RESILIENT, SELF-RELIANT, INDEPENDENT LEARNERS AND THINKERS. STUDENTS BENEFIT FROM A COMPREHENSIVE CURRICULUM THAT INCLUDES LAB SCIENCE, VISUAL AND PERFORMING ART, FOREIGN LANGUAGE AND PHYSICAL EDUCATION. CLASSROOM LEARNING IS ENHANCED BY INTERSCHOLASTIC ATHLETICS, CLUBS, EXPERIENTIAL LEARNING AND OUTDOOR EDUCATION. AT THE HEART OF THE CHARLES WRIGHT EXPERIENCE IS A COMMUNITY THAT HELPS STUDENTS DEVELOP THEIR FULL POTENTIAL AND BECOME INSPIRED, LIFE-LONG LEARNERS. TOTAL ENROLLMENT FOR THE 2020-21 SCHOOL YEAR WAS 570 STUDENTS. 14679352 1 1 0 0 0 0 0 0 1 1 1 1 0 0 1 0 1 0 1 0 1 0 0 0 1 0 0 0 1 1 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 73 0 211 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 21 20 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 X SUSAN RICE 2536208300 7723 CHAMBERS CREEK ROAD TACOMA WA 98467 MATT CULBERSON FORMER OFFICER 60.00 X 211630 0 15757 SUSAN RICE HEAD OF SCHOOL 60.00 X 179419 0 16505 UNHI PAK CFO THRU 11/20 60.00 X 146473 0 18897 WILLIAM SCHUVER HEAD OF MIDDLE/UPPER SCHOOL 60.00 X 137962 0 19316 CATHERINE EZZO HEAD OF UPPER SCHOOL 60.00 X 113498 0 18566 NANCY SCHAUER BOARD CHAIR 5.00 X X 0 0 0 DAPHNE MACKEY BOARD VICE CHAIR 5.00 X X 0 0 0 SUE MAYER BOARD TREASURER 5.00 X X 0 0 0 TOBY MURRAY BOARD SECRETARY 5.00 X X 0 0 0 DREW BAMFORD BOARD MEMBER 2.00 X 0 0 0 ROGER BASS BOARD MEMBER 2.00 X 0 0 0 ADAM BLAKNEY BOARD MEMBER 2.00 X 0 0 0 BLAKE GOLDBERG BOARD MEMBER 2.00 X 0 0 0 MARK HOOD BOARD MEMBER 2.00 X 0 0 0 RITA IRVIN BOARD MEMBER 2.00 X 0 0 0 KENDALL LEITH BOARD MEMBER 2.00 X 0 0 0 DIVYA MCMILLIN BOARD MEMBER 2.00 X 0 0 0 ELLEN MIDDLETON BOARD MEMBER 2.00 X 0 0 0 MIKE OPITZ BOARD MEMBER 2.00 X 0 0 0 JENNIFER SMITH BOARD MEMBER 2.00 X 0 0 0 LIZ SNYDER BOARD MEMBER 2.00 X 0 0 0 IAN TONER BOARD MEMBER 2.00 X 0 0 0 SHAN VIPOND BOARD MEMBER 2.00 X 0 0 0 SARAH WEYERHAEUSER BOARD MEMBER 2.00 X 0 0 0 TREVOR WILL BOARD MEMBER 2.00 X 0 0 0 LIZ WILLIAMS BOARD MEMBER 2.00 X 0 0 0 TIMOTHY G GOULD CFO FROM 01/21 60.00 X 0 0 0 788982 0 89041 5 1 1 0 MARTY K INC 720 N 10TH STREET SUITE A-334 RENTON WA 98057 JANITORIAL SERVICES 399998 MOUNTAIN CONSTRUCTION 7457 SOUTH MADISON ST TACOMA WA 98409 CONTRUCTION SERVICES 110613 2 277844 1913976 692312 36876 2884132 TUITION AND FEES 611710 15928657 15928657 AUXILIARY ACTIVITIES 611710 338125 338125 16266782 751379 751379 39403 8876 30527 30527 30527 1511356 4911 360601 0 1150755 4911 1155666 1155666 19698 277844 43143 -23445 -23445 3660 0 3660 3660 1000 1000 1000 21069701 16266782 0 1918787 2655377 2655377 418901 138728 262832 17341 8127976 6556145 1248618 323213 471409 408724 51625 11060 1441463 1210829 201805 28829 633875 506182 104542 23151 567893 136454 431375 64 58324 58324 71256 71256 167193 42795 96289 28109 98516 300 98216 112150 5420 50922 55808 96809 53253 43370 186 343102 325741 15817 1544 4186 4186 2147 2147 1641638 1560623 73810 7205 240296 162936 76645 715 STUDENT ACTIVITY 460931 393331 50930 16670 EQUIP. RENT/MAINTENANCE 301581 272673 25570 3338 DUES AND SUBSCRIPTIONS 222566 118624 72543 31399 FOOD COSTS 72211 51170 11661 9380 132801 74014 46317 12470 18342601 14679352 2994551 668698 4262610 5163269 4733669 2265901 1820 0 198929 7689152 41493 32161 348864 384202 50890094 28584672 23637794 22305422 24467818 34190651 6054010 7685697 63747007 79716455 1694937 1525958 3331164 12590903 17247 27400 2094580 0 84914 42987 7222842 14187248 X 35772010 39996957 20752155 25532250 56524165 65529207 63747007 79716455 2727100 6277942 0 X 0 1 X 1 0 X 1033555 1688765 999400 1452539 2884132 8058391 1033555 1688765 999400 1452539 2884132 8058391 259112 7799279 670828 635468 918891 909085 781906 3916178 7535 56545 3033 1730 1000 69843 12044412 88528719 0.64750 0.59840 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: FLEX PLAN FORFEITURES - 2016 AMOUNT: $ 7,535. 2017 AMOUNT: $ 3,233. 2018 AMOUNT: $ 2,238. 2019 AMOUNT: $ 1,730. 2020 AMOUNT: $ 1,000. MISCELLANEOUS - 2017 AMOUNT: $ 3,043. 2018 AMOUNT: $ 795. DEBT RECOVERY - 2017 AMOUNT: $ 4,690. INSURANCE PROCEEDS - 2017 AMOUNT: $ 45,579. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 30252438 11336 8105855 470804 774307 71252 37053266 29853949 527733 909801 402917 423476 212652 30252438 28998255 64741 1809305 396514 580223 41615 29853949 27118003 687311 2206874 389471 583067 41395 28998255 24641135 373931 3109934 380761 579087 47149 27118003 0.32930 0.31620 0.35450 0 0 806653 806653 45912581 26090725 19821856 4170860 2493947 1676913 22305422 HEDGE FUND 3312929 F PRIVATE EQUITY 4372768 F 7685697 LEASE PAYABLE 42987 42987 24673029 6277942 -2726633 3551309 21121720 -52019 -52019 21069701 15667987 52019 52019 15615968 71256 2655377 2726633 18342601 PART IV, LINE 2B: CHARLES WRIGHT ACADEMY ACTS AS AN AGENT FOR STUDENT ORGANIZATIONS AND THE PA (PARENT ASSOCIATION). THE MONEY IS HELD BY CHARLES WRIGHT ACADEMY FOR EACH ACTIVITY AND ORGANIZATION. THE AMOUNTS ARE CONSIDERED A LIABILITY TO CHARLES WRIGHT ACADEMY. PART V, LINE 4: PURE ENDOWMENT FUNDS ARE HELD INTO PERPETUITY AS DESIGNATED BY THE BENEFACTOR. QUASI-ENDOWMENT FUNDS ARE HELD AS DESIGNATED BY THE BOARD OF TRUSTEES. ANNUALLY 4% IS DRAWN FROM THE ENDOWMENT BY BOARD POLICY USE TO FUND FINANCIAL AID AND OTHER OPERATIONAL EXPENSES. PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID REPORTED WITH EXPENSES ON TAX RETURN -2,655,377. INVESTMENT EXPENSES REPORTED WITH EXPENSES ON TAX RETURN -71,256. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES REPORTED WITH REVENUE ON TAX RETURN -8,876. SPECIAL EVENT EXPENSES REPORTED WITH REVENUE ON TAX RETURN -43,143. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES REPORTED WITH REVENUE ON TAX RETURN 8,876. SPECIAL EVENT EXPENSES REPORTED WITH REVENUE ON TAX RETURN 43,143. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID REPORTED WITH EXPENSES ON TAX RETURN 2,655,377. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE SCHOOL PARTICIPATES IN AN ANNUAL ADVERTISEMENT WITH OTHER INDEPENDENT SCHOOLS IN THE REGION, WHERE THE NONDISCRIMINATORY POLICY IS PUBLISHED IN ALL REGIONAL NEWSPAPERS AND JOURNALS. SCHEDULE E, PART I, LINE 6 THE SCHOOL WAS A RECIPIENT OF A PAYROLL PROTECTION PRGRAM (PPP) LOAN UNDER THE CORONAVIRUS AID, RELIEF, AND ECONOMIC SECURITY ACT, THROUGH THE SMALL BUSINESS ADMINISTRATION. THE AMOUNT REPORTED AS CONTRIBUTION REVENUE FROM GOVERNMENT GRANTS IN FY21 WAS $1,824,796. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMNTS N/A 3704573 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENTS N/A 2461281 0 0 0 0 0 0 6165854 0 6165854 1 0 1 0 1 0 PART III ACCOUNTING METHOD: AUCTION 297542 277844 19698 2449 20996 19698 297542 277844 19698 2449 20996 19698 43143 -23445 1 FINANCIAL AID 223 2655377 BOOK FINANCIAL AID PART I, LINE 2: EACH YEAR STUDENTS WISHING TO APPLY FOR FINANCIAL AID FILL OUT THE NECESSARY APPLICATION FORMS. THE APPLICATIONS ARE SENT TO SSS, A 3RD-PARTY FINANCIAL AID/SCHOLARSHIP REVIEW COMPANY, WHO PROCESSES THE APPLICATIONS AND REPORTS TO THE SCHOOL THEIR DETERMINATION OF EACH APPLICANTS ESTIMATED FAMILY CONTRIBUTION (EFC). THE SCHOOL HAS A STANDING COMMITTEE, CONSISTING OF THE DIRECTOR OF ENROLLMENT MANAGEMENT, CFO AND THE HEAD OF SCHOOL. THIS STANDING COMMITTEE REVIEWS EACH REPORT FROM SSS AND THE REPORTED EFC. THE COMMITTEE USES THE REPORTED EFC AS A STARTING POINT TO DETERMINE A CWA-REVISED EFC, WHICH ADJUSTS FOR MORE SPECIFIC FACTORS APPLICABLE TO THE APPLICANTS, SUCH AS COST OF LIVING ALLOWANCE FOR THE STUDENTS CITY OF RESIDENCE. THE DIFFERENCE BETWEEN THE FINAL CWA-REVISED EFC AND TUITION IS THE AMOUNT OF NEED. ANY SUBSEQUENT CHANGES TO THE FINANCIAL AID AWARDS ARE INITIATED BY THE DIRECTOR OF ENROLLMENT MANAGEMENT AND ARE APPROVED BY THE HEAD OF SCHOOL AND CFO. STUDENTS GRANTED FINANCIAL AID MUST REAPPLY FOR IT EVERY YEAR. X 1 0 X X X X X 0 0 0 0 0 0 0 0 0 MATT CULBERSON FORMER OFFICER 190630 0 0 0 21000 0 10688 0 5069 0 227387 0 0 0 SUSAN RICE HEAD OF SCHOOL 161561 0 0 0 17858 0 10688 0 5817 0 195924 0 0 0 UNHI PAK CFO THRU 11/20 146473 0 0 0 0 0 11636 0 7261 0 165370 0 0 0 WILLIAM SCHUVER HEAD OF MIDDLE/UPPER SCHOOL 137962 0 0 0 0 0 7212 0 12104 0 157278 0 0 0 PART I, LINE 1A THE HEAD OF SCHOOL RECEIVES AN ANNUAL HOUSING ALLOWANCE. THE AMOUNT IS INCLUDED IN TAXABLE INCOME. NA N/A 15500 FINANCIAL AID FINANCIAL AID X 26 7210 SELLING PRICE X AUCTION ITEMS 158 19698 FAIR MARKET VALUE X GIFTS IN-KIND 6 9968 FAIR MARKET VALUE 0 0 1 0 PART I, COLUMN (B): DONATED SECURITIES AND OTHER IN-KIND ARE COUNTED BY THE NUMBER OF CONTRIBUTORS. AUCTION ITEMS ARE COUNTED BY THE NUMBER OF ITEMS RECEIVED. FORM 990, PART I, LINE 6, VOLUNTEERS: PARENTS VOLUNTEER IN A NUMBER OF WAYS AT CHARLES WRIGHT ACADEMY. THESE INCLUDE CLASSROOM PARENTS; PARENT ASSOCIATION SUPPORT FOR FUNDRAISING ACTIVITIES SUCH AS THE ANNUAL AUCTION; SPORTS BOOSTERS; AND STUDENT ACTIVITIES AND CLUBS. THERE ARE ALSO 21 VOLUNTEER BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B A PUBLIC DISCLOSURE COPY OF THE FORM 990 TAX RETURN IS MADE AVAILABLE TO THE BOARD OF TRUSTEES PRIOR TO FILING WITH THE IRS. IN ADDITION, THE AUDIT COMMITTEE REVIEWS THE FINAL FORM 990 SIGNED AND FILED BY A NON-TRUSTEE FINANCIAL OFFICER. FORM 990, PART VI, SECTION B, LINE 12C CHARLES WRIGHT ACADEMY REQUIRES A CONFLICT OF INTEREST DISCLOSURE STATEMENT COMPLETED BY OFFICERS, BOARD MEMBERS AND KEY EMPLOYEES ON AN ANNUAL BASIS. THE POLICY SPECIFIES THAT NO INDIVIDUAL CAN HAVE MORE THAN A 5% MATERIAL INTEREST IN ANY ENTITY THAT IS LIKELY TO CONFLICT WITH THEIR OFFICIAL DUTIES FOR THE SCHOOL. IT IS A PRACTICE AT CWA NOT TO SELECT INDIVIDUALS TO SERVE IN ANY CAPACITY FOR THE SCHOOL, IF THEY ARE A VENDOR OR AGENT THAT WOULD OBTAIN PERSONAL GAIN FROM THIS RELATIONSHIP. THE HEAD OF SCHOOL AND CHAIR OF THE BOARD REVIEW THESE DISCLOSURES FOR COMPLIANCE. THE HEAD OF SCHOOL AND CHAIR OF THE BOARD ALSO REVIEW ANY POTENTIAL CONFLICTS OF INTEREST TO DETERMINE WHETHER A CONFLICT EXISTS. A PERSON WHO HAS A CONFLICT OF INTEREST SHALL NOT PARTICIPATE IN DISCUSSION AND VOTING ON THE MATTER. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION OF THE CEO (HEAD OF SCHOOL) IS DETERMINED BY A BOARD COMPENSATION COMMITTEE THAT ANNUALLY REVIEWS COMPARABILITY DATA. THE HEAD OF SCHOOL DETERMINES THE COMPENSATION FOR OTHER OFFICERS AND SENIOR ADMINISTRATORS. THE LAST COMPENSATION REVIEW OCCURRED IN SEPTEMBER 2019 FOR THE NEW INCOMING HEAD OF SCHOOL. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.