2025-11-14T16:53:37-06:00 2025-06-30 911194016 CLARK NUBER PS 555 110TH AVE NE SUITE 700 BELLEVUE WA 98004 990 2024-07-01 910564971 LAKESIDE SCHOOL LAKE 2063683610 14050 1ST AVE NE SEATTLE WA 98125 BIRAGE TANDON ASSOCIATE HEAD OF SCHOOL/CFO 2063683610 2025-11-14 1 0 SARAH B HUANG P00745974 4254544919 2025-11-14 2024 2025-03-06 01:10:19Z KAI BYNUM 14050 1ST AVE NE SEATTLE WA 98125 214888552 0 X WWW.LAKESIDESCHOOL.ORG X 1923 WA TO EDUCATE STUDENTS IN GRADES 5-12. 20 19 559 220 0 0 19587206 65276017 42670628 45337873 14310511 14235345 475128 490017 77043473 125339252 10204204 10500141 0 0 34287152 35714465 0 30000 1643219 14218538 16421056 58709894 62665662 18333579 62673590 496836195 590461413 41758388 48077527 455077807 542383886 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 48633002 9993263 41910209 LAKESIDE SCHOOL CONTINUES ITS FOCUS ON THE CORE ELEMENTS OF ITS MISSION THROUGH THE THREE AREAS OF ITS STRATEGIC PLAN: EDUCATIONAL EXCELLENCE; COMMUNITY EXPERIENCE, ENGAGEMENT, AND IMPACT; AND INFRASTRUCTURE, OPERATIONS, AND CAPACITY. THE SCHOOL'S COMPREHENSIVE MIDDLE AND UPPER SCHOOL PROGRAM INCLUDES EXCELLENT ACADEMICS, ATHLETICS, EXPERIENTIAL EDUCATION, AND VISUAL AND PERFORMING ARTS. THE FINANCIAL AID PROGRAM PROVIDES TUITION- AND NON-TUITION FINANCIAL AID TO APPROXIMATELY A THIRD OF THE STUDENT POPULATION. THE FOOD SERVICE PROGRAM OFFERS MEALS AND SNACKS TO ALL STUDENTS AND EMPLOYEES. IN ADDITION TO THE SCHOOL-YEAR PROGRAM, THE SCHOOL OFFERS A RICH ARRAY OF SUMMER PROGRAMMING TO SCHOOL AGE CHILDREN, INCLUDING ACADEMIC COURSES, INVESTIGATIVE LEARNING AND ATHLETICS CAMPS, AND THE SIGNATURE LAKESIDE EDUCATIONAL ENRICHMENT PROGRAM (LEEP) WHICH SERVES SEATTLE PUBLIC SCHOOL STUDENTS. 2694913 347243 3061912 THE DOWNTOWN SCHOOL, A SMALLER HIGH SCHOOL IN SEATTLE CENTER, OPENED IN FALL 2018. THE MODEL PRESERVES THE ESSENCE AND QUALITY OF THE LAKESIDE ACADEMIC PROGRAM AT A SUBSTANTIALLY LOWER COST. 286671 159635 365752 TO SUPPORT TOOLS FOR LEARNING, THE SCHOOL SELLS LAPTOPS, BOOKS, AND OTHER INSTRUCTIONAL MATERIALS TO STUDENTS' FAMILIES, INCLUDING PROVIDING FINANCIAL AID TO COVER THE COST OF THESE MATERIALS TO QUALIFYING FAMILIES. 51614586 1 1 0 0 0 0 0 0 1 1 1 1 0 0 1 0 1 0 1 1 1 0 0 1 1 1 0 0 1 1 0 0 0 0 1 0 0 0 1 0 0 0 0 1 0 0 0 1 X 113 0 559 1 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 20 19 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 KAI BYNUM HEAD OF SCHOOL 40.00 0.00 X X 861336 0 34948 SEAN O'DONNELL CHAIR 5.00 0.00 X X 0 0 0 JOANNA BLACK VICE CHAIR 5.00 0.00 X X 0 0 0 CHARLOTTE GUYMAN SECRETARY 5.00 0.00 X X 0 0 0 MARK KLEBANOFF TREASURER 5.00 0.00 X X 0 0 0 ARTEMIOS PANOS IMMEDIATE PAST CHAIR 2.00 0.00 X 0 0 0 BRIDGETTE TAYLOR TRUSTEE 2.00 0.00 X 0 0 0 SARAH BARTON TRUSTEE 2.00 0.00 X 0 0 0 NATE BENJAMIN TRUSTEE 2.00 0.00 X 0 0 0 MICHELLE CHANG 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 MICHAEL NACHBAR TRUSTEE 2.00 0.00 X 0 0 0 GURDEEP PALL TRUSTEE 2.00 0.00 X 0 0 0 EDUARDO PENALVER TRUSTEE 2.00 0.00 X 0 0 0 LATOSHA SMITH 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 MERRIE WILLIAMSON TRUSTEE 2.00 0.00 X 0 0 0 BIRAGE TANDON ASSOC. HEAD OF SCHOOL/CFO 40.00 0.00 X 498725 0 34948 SUE BELCHER HEAD OF DOWNTOWN SCHOOL 40.00 0.00 X 305962 0 42204 DAIGA GALINS DIRECTOR OF DEVELOPMENT 40.00 0.00 X 252461 0 41868 RYAN BOCCUZZI UPPER SCHOOL DIRECTOR 40.00 0.00 X 291381 0 37097 REEM ABU RAHMEH MIDDLE SCHOOL DIRECTOR 40.00 0.00 X 224727 0 26440 WELLESLEY WILSON DIRECTOR OF ADMISSIONS 40.00 0.00 X 212409 0 25634 JAMIE BRITTO DIRECTOR OF TECHNOLOGY 40.00 0.00 X 202599 0 24466 ARI WORTHMAN DIRECTOR OF COLLEGE COUNSELING 40.00 0.00 X 191127 0 24328 JAMIE ASAKA DIRECTOR OF STUDENT SUPPORT 40.00 0.00 X 180927 0 40712 BRYAN SMITH DIRECTOR OF EXPERIENTIAL EDUCATION 40.00 0.00 X 202696 0 36652 3424350 0 369297 112 0 1 0 BNBUILDERS INC 2815 ELLIOTT AVENUE SEATTLE WA 98121 CONSTRUCTION SERVICES 4602205 LMN ARCHITECTS LLP 801 2ND AVENUE SUITE 501 SEATTLE WA 98104 ARCHITECTURAL SERVICES 2885196 KNOWING TECHNOLOGIES LLC 660 PRICE AVE STE C REDWOOD CITY CA 94063 TECHNOLOGY SERVICES 726471 SENECA GROUP 1191 2ND AVE UNIT 1500 SEATTLE WA 98101 BUILDING PROJECT MANAGEMENT SERVICES 386044 SAGE DINING SERVICES INC 18 BEAUMONT AVE WALLINGFORD CT 06492 FOOD SERVICES 369147 21 255083 65020934 54348339 65276017 TUITION FEES 611600 44972121 44972121 AUXILIARY SERVICES 611710 365752 365752 45337873 8299499 8299499 487565 0 487565 487565 487565 95234311 89283255 15210 5951056 -15210 5935846 5935846 204698 255083 250835 -46137 -46137 23925 0 23925 23925 REFUNDS/REBATES 900099 24136 24136 528 528 24664 125339252 45337873 0 14725362 10500141 10500141 2776950 628453 1774128 374369 26081962 22333192 2928568 820202 1493059 1277651 157319 58089 3408292 2855481 457436 95375 1954202 1640295 231307 82600 82092 3861 78191 40 66468 66468 30000 30000 1907950 1907950 2611485 1983943 627542 49181 3925 45256 2284827 1943736 336091 5000 885323 694628 174422 16273 3370163 3042524 210027 117612 1318966 1283823 33628 1515 307568 271680 34781 1107 2665035 2558434 79951 26650 388437 291626 94122 2689 HOSPITALITY 420950 245644 165091 10215 TUITION EXPENSE 48937 48937 TAXES 5485 4002 1483 8189 6612 1577 62665662 51614586 9407857 1643219 2891297 2978171 75630124 113424212 3180538 2302598 30841964 32592608 110033 187180 2364541 2074178 126941563 38434006 61062461 88507557 131729453 167498108 187591418 179770678 1434366 1126123 496836195 590461413 4979703 9477064 35188209 37320731 174162 214570 1416314 1065162 41758388 48077527 X 142153594 175797961 312924213 366585925 455077807 542383886 496836195 590461413 X 62673590 24551413 81076 X 0 1 X 1 0 X 8246570 6162931 34262241 19587206 5541343 73800291 8246570 6162931 34262241 19587206 5541343 73800291 38324696 35475595 2427403 3583828 4406090 6416022 8787064 25620407 17756 9639 119482 26095 24664 197636 99618334 204173937 0.35610 0.36400 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: REFUNDS/REBATES - 2020 AMOUNT: $ 17,237. 2021 AMOUNT: $ 5,342. 2022 AMOUNT: $ 25,893. 2023 AMOUNT: $ 19,555. 2024 AMOUNT: $ 24,136. UNCLAIMED PROPERTY - 2021 AMOUNT: $ 1,567. MISCELLANEOUS INCOME - 2020 AMOUNT: $ 279. 2021 AMOUNT: $ 2,690. 2022 AMOUNT: $ 530. 2023 AMOUNT: $ 435. 2024 AMOUNT: $ 528. BOOK SALES - 2020 AMOUNT: $ 240. 2021 AMOUNT: $ 40. BUS EXCHANGE PROGRAM - 2022 AMOUNT: $ 93,059. FSA UNUSED FORFEITURES - 2023 AMOUNT: $ 6,105. SCHEDULE A, PART VI, LIST OF UNUSUAL GRANTS: DESCRIPTION: CASH & MARKETABLE SECURITIES DATE: 07/03/24 AMOUNT: 59734674. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 288912861 871050 32574545 10690733 311667723 264113597 879262 34061185 10141183 288912861 248963672 1279914 23158414 9288403 264113597 280694888 2332710 -25581816 8482110 248963672 214462398 1759684 71980513 7507707 280694888 0.04454 0.48462 0.47084 0 0 2890168 2890168 75227742 28907956 46319786 1687514 1147879 539635 7434857 3554345 3880512 39701282 4823826 34877456 88507557 ALTERNATIVE INVESTMENTS 178078908 F CHARITABLE REMAINDER TRUSTS 1691770 F 179770678 LEASE LIABILITY 1065162 1065162 137968713 24551413 -10419065 14132348 123836365 1907950 -405063 1502887 125339252 50662634 405063 405063 50257571 1907950 10500141 12408091 62665662 PART IV, LINE 2B: LAKESIDE'S AGENCY FUNDS REPRESENT A VARIETY OF ACCOUNTS THAT THE SCHOOL MAINTAINS FOR STUDENT GROUPS AND PROGRAMS. 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 CAPITAL ASSETS, AND GENERAL OPERATIONS OF THE SCHOOL. PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID -10,500,141. CHANGE IN VALUE OF TRUSTS 81,076. PART XI, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES -139,737. CURRENT YEAR PLEDGE WRITE-OFF -265,326. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 139,737. CURRENT YEAR PLEDGE WRITE-OFF 265,326. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 10,500,141. 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 SCHOOL'S NONDISCRIMINATORY POLICY IS ON THE WEBSITE AND PART OF THE STATEMENT OF COMMUNITY EXPECTATIONS THAT ALL COMMUNITY MEMBERS MUST ASSERT THAT THEY HAVE READ AND ACKNOWLEDGED EACH YEAR AS PART OF THE ENROLLMENT/RE-ENROLLMENT PROCESS (FOR STUDENTS AND FAMILIES) AND EMPLOYMENT CONTRACT RENEWALS (FOR EMPLOYEES). CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS N/A 49577315 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENTS N/A 15390141 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES COMMUNITY SERVICE AND CULTURAL ACADEMIC IMMERSION 90924 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES COMMUNITY SERVICE AND CULTURAL IMMERSION 348055 SOUTH ASIA 0 0 PROGRAM SERVICES COMMUNITY SERVICE AND CULTURAL IMMERSION 111529 SOUTH AMERICA 0 0 PROGRAM SERVICES COMMUNITY SERVICE AND CULTURAL IMMERSION 130208 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES COMMUNITY SERVICE AND CULTURAL IMMERSION 257008 NORTH AMERICA 0 0 INVESTMENTS N/A 612007 0 0 0 0 0 0 66517187 0 66517187 1 0 1 1 1 0 PART I, LINE 3: EXPENDITURES ARE BASED ON THE ACCRUAL METHOD OF ACCOUNTING. X X X X X X 1 SANDRA JEREZ 310 W PROSPECT ST SEATTLE WA 98119 FUNDRAISING AND COMMUNICATION STRATEGIST FOR DOWNTOWN SCHOOL 0 0 30000 0 30000 WA ROAR AUCTION 459781 255083 204698 17850 58756 45468 128761 459781 255083 204698 17850 58756 45468 128761 250835 -46137 23925 1 0.50000 23925 23925 WA 1 0 1 0 0.00000 1.00000 LANI CARPENTER 14050 1ST AVE NE SEATTLE WA 98125 0 LANI CARPENTER 433 OVERSIGHT OF FUNDRAISING RAFFLING ACTIVITIES X 1 23925 1 FINANCIAL AID FOR TUITION 309 9733458 FAIR MARKET VALUE REDUCTION OF FAMILIES' TUITION COST FINANCIAL AID FOR OTHER SCHOOL-RELATED COSTS 309 766683 FAIR MARKET 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 (CLARITY) FOR CONSISTENT CALCULATION. X 1 1 X X X X X 0 0 0 0 0 0 0 1 0 KAI BYNUM HEAD OF SCHOOL 682500 0 124700 0 54136 0 24150 0 10798 0 896284 0 0 0 BIRAGE TANDON ASSOC. HEAD OF SCHOOL/CFO 434750 0 62523 0 1452 0 24150 0 10798 0 533673 0 0 0 SUE BELCHER HEAD OF DOWNTOWN SCHOOL 197098 0 67340 0 41524 0 14943 0 27261 0 348166 0 0 0 RYAN BOCCUZZI UPPER SCHOOL DIRECTOR 248755 0 200 0 42426 0 17942 0 19155 0 328478 0 0 0 DAIGA GALINS DIRECTOR OF DEVELOPMENT 248968 0 198 0 3295 0 18431 0 23437 0 294329 0 0 0 REEM ABU RAHMEH MIDDLE SCHOOL DIRECTOR 223749 0 198 0 780 0 15711 0 10729 0 251167 0 0 0 BRYAN SMITH DIRECTOR OF EXPERIENTIAL EDUCATION 176097 0 215 0 26384 0 13215 0 23437 0 239348 0 0 0 WELLESLEY WILSON DIRECTOR OF ADMISSIONS 211443 0 198 0 768 0 14836 0 10798 0 238043 0 0 0 JAMIE BRITTO DIRECTOR OF TECHNOLOGY 192050 0 217 0 10332 0 13668 0 10798 0 227065 0 0 0 JAMIE ASAKA DIRECTOR OF STUDENT SUPPORT 177476 0 217 0 3234 0 13451 0 27261 0 221639 0 0 0 ARI WORTHMAN DIRECTOR OF COLLEGE COUNSELING 190430 0 217 0 480 0 13530 0 10798 0 215455 0 0 0 PART I, LINE 1A HEAD OF SCHOOL, UPPER SCHOOL DIRECTOR AND DIRECTOR OF TECHNOLOGY ALL LIVE IN RENTAL HOMES OWNED BY LAKESIDE SCHOOL. FOR THE HEAD OF SCHOOL AND UPPER SCHOOL DIRECTOR, THE FULL MARKET VALUE OF THE HOUSING IS TREATED AS IMPUTED INCOME. FOR THE OTHER EMPLOYEES IDENTIFIED, THEY PAY A BELOW-MARKET RATE RENT MONTHLY AND THE DIFFERENCE BETWEEN RENT PAID AND THE MARKET VALUE IS TREATED AS IMPUTED INCOME. PART I, LINE 7 KAI BYNUM, THE HEAD OF SCHOOL, BIRAGE TANDON, ASSOCIATE HEAD OF SCHOOL/CFO AND SUE BELCHER, HEAD OF DOWNTOWN SCHOOL, ALL RECEIVED A BONUS DURING THE YEAR THAT WAS SUBJECT TO THE DISCRETION OF THE BOARD BUT CAPPED AT A FIXED AMOUNT. ALL OTHER EMPLOYEES RECEIVED A DISCRETIONARY BONUS APPROVED BY KAI BYNUM, HEAD OF SCHOOL. NA N/A 77423 FINANCIAL AID FINANCIAL AID X 40 54237241 FAIR MARKET VALUE X AUCTION ITEMS 292 111098 FAIR MARKET VALUE 0 0 1 0 PART I, COLUMN (B): THE AMOUNT IN COLUMN (B) REPRESENTS THE NUMBER OF SEPARATE CONTRIBUTIONS 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 2024-2025 FISCAL YEAR WE HAD APPROXIMATELY 220 VOLUNTEERS, WHO INCLUDED SCHOOL BOARD MEMBERS, PGA BOARD MEMBERS, COMMITTEE CHAIRS, LEADERSHIP ROLES, ROAR AUCTION VOLUNTEERS, ETC. 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 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 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 AND REQUIRE PRIOR APPROVAL TO BE SHARED. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF TRUSTS 81,076. 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