Lakeside School
82% goes to programs $3 to raise $100 Strong reserves Growing revenue
Lakeside School is a 501(c)(3) organization based in Seattle, Washington, registered in 1952, with $125,339,252 in FY2024 revenue. CharityIndex grades it A, and it directs about 82% of spending to programs.
14050 1st Ave Ne, Seattle, WA, 98125 EIN 91-0564971 Since 1952
Revenue (FY2024)
$125.3M
▲ 62.7% vs prior year
Education median: $200K
Expenses (FY2024)
$62.7M
Net assets
$542.4M
Employees
559
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating82% to programs · $3 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Lakeside School: 82% to programs · $3 to raise $100 earns a A on this criterion. See the exact thresholds →
B+Financial health25% of the rating104 mo reserves · +50% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Lakeside School: 104 mo reserves · +50% margin earns a B+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Lakeside School: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Lakeside School: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
To educate students in grades 5-12.
What they do
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.
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.
Contact & location
- Address
- 14050 1st Ave Ne, Seattle, WA, 98125
- City
- Seattle
- State
- Washington
- Category
- Education
- Subcategory
- Elementary & Secondary Schools
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $35.9M (FY2013) to $125.3M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $48.1MNet assets $542.4M
Operating margin
50.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$590.5M
Total liabilities
$48.1M
Net assets
$542.4M
Salaries & benefits
$35.7M
57% of expenses
Board members
20
19 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $125,339,252▲62.7% | $62,665,662▲6.7% | $542,383,886▲19.2% | $590,461,413▲18.8% | 990 |
| 2023 | $77,043,473▼2.3% | $58,709,894▲6.9% | $455,077,807▲11.9% | $496,836,195▲11.5% | 990 |
| 2022 | $78,894,742▲21.3% | $54,924,516▲5.2% | $406,858,606▲13.5% | $445,547,196▲13.0% | 990 |
| 2021 | $65,054,128▲16.7% | $52,217,970▲7.0% | $358,369,723▼8.7% | $394,164,521▼7.6% | 990 |
| 2020 | $55,739,087▲0.7% | $48,809,319▲6.0% | $392,314,752▲23.8% | $426,505,041▲31.3% | 990 |
| 2019 | $55,354,841▼15.4% | $46,043,586▲1.7% | $316,955,613▼1.6% | $324,867,505▼1.6% | 990 |
| 2018 | $65,453,071▲38.2% | $45,293,186▲9.4% | $321,961,576▲3.4% | $330,077,263▲3.4% | 990 |
| 2017 | $47,363,008▲12.1% | $41,409,542▲3.2% | $311,477,044▲4.4% | $319,207,467▲4.6% | 990 |
| 2016 | $42,259,417▲13.6% | $40,133,538 | $298,489,751▲9.5% | $305,244,171▲9.3% | 990 |
| 2015 | $37,190,570▼22.9% | $40,140,212▲3.5% | $272,482,222▼4.4% | $279,342,002▼4.6% | 990 |
| 2014 | $48,215,224▲34.3% | $38,764,559▲4.6% | $284,918,680▼1.7% | $292,907,029▼1.5% | 990 |
| 2013 | $35,889,434 | $37,059,512▲2.8% | $289,805,493▲9.9% | $297,487,254▲9.3% | 990 |
| 2012 | — | $36,056,939▲6.8% | $263,773,936▲9.0% | $272,213,177▲9.6% | 990 |
| 2011 | — | $33,768,257▲0.7% | $242,001,148▼3.1% | $248,467,801▼2.9% | 990 |
| 2010 | — | $33,528,666 | $249,791,892 | $255,783,370 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Kai Bynum — $861,336 (1.37% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Kai Bynum | Head of School | 40 | $861,336 |
| Birage Tandon | Assoc. Head of School/cfo | 40 | $498,725 |
| Sue Belcher | Head of Downtown School | 40 | $305,962 |
| Ryan Boccuzzi | Upper School Director | 40 | $291,381 |
| Daiga Galins | Director of Development | 40 | $252,461 |
| Reem Abu Rahmeh | Middle School Director | 40 | $224,727 |
| Wellesley Wilson | Director of Admissions | 40 | $212,409 |
| Bryan Smith | Director of Experiential Education | 40 | $202,696 |
| Jamie Britto | Director of Technology | 40 | $202,599 |
| Ari Worthman | Director of College Counseling | 40 | $191,127 |
| Jamie Asaka | Director of Student Support | 40 | $180,927 |
| Artemios Panos | Immediate Past Chair | 2 | — |
| Brandon Vaughan | Trustee | 2 | — |
| Bridgette Taylor | Trustee | 2 | — |
| Charlotte Guyman | Secretary | 5 | — |
| David De La Fuente | Trustee | 2 | — |
| David Victor | Trustee | 2 | — |
| Eduardo Penalver | Trustee | 2 | — |
| Gurdeep Pall | Trustee | 2 | — |
| Joanna Black | Vice Chair | 5 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Bnbuilders Inc | Construction Services | $4,602,205 |
| Lmn Architects LLP | Architectural Services | $2,885,196 |
| Knowing Technologies LLC | Technology Services | $726,471 |
| Seneca Group | Building Project Management Services | $386,044 |
| Sage Dining Services Inc | Food Services | $369,147 |
Grants received · $9.4M total
204 grants to Lakeside School totaling $9.4M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| American Online Giving Foundation Inc | General support | 2024 | $452,323 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $370,000 |
| The Seattle Foundation | Lakeside fund | 2024 | $31,000 |
| The Seattle Foundation | To provide general support | 2024 | $25,000 |
| Gs Donor Advised Philanthropy Fund For Wealth Management Inc | Education | 2024 | $24,150 |
| The Us Charitable Gift Trust | For recipient's exempt purpose | 2024 | $11,100 |
| The Seattle Foundation | To provide general support | 2024 | $10,000 |
| Charities Aid Foundation America | Charitable donation | 2024 | $5,459 |
| The Seattle Foundation | To support the 2024 annual fund. | 2024 | $2,500 |
| The Seattle Foundation | To provide general support | 2024 | $2,000 |
| The Seattle Foundation | To provide general support | 2024 | $1,000 |
| The Seattle Foundation | Annual fund contribution | 2024 | $500 |
| The Seattle Foundation | To provide general support | 2024 | $500 |
| The Seattle Foundation | To provide general support | 2024 | $500 |
| American Online Giving Foundation Inc | General support | 2023 | $401,682 |
Grants made · $100K in FY2015
1 grant totaling $100K in FY2015. All grants made by Lakeside School →
| Recipient | Purpose | Amount |
|---|---|---|
| Rainier Scholars | Capital project | $100,000 |
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Compare Lakeside School
Frequently asked questions
- Is Lakeside School a legitimate nonprofit?
- Yes. Lakeside School is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 91-0564971, based in Seattle, Washington. Donations are tax-deductible.
- What is Lakeside School's EIN?
- Lakeside School's Employer Identification Number (EIN) is 91-0564971.
- How much revenue does Lakeside School report?
- Lakeside School reported $125,339,252 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Lakeside School's spending goes to programs?
- Lakeside School spends about 82% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Lakeside School have?
- CharityIndex grades Lakeside School A, based on program efficiency and fundraising cost.
- How much does Lakeside School's highest-paid employee make?
- The highest reported compensation on Lakeside School's latest Form 990 is $861,336, paid to Kai Bynum (Head of School).
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Explore more
Data for Lakeside School (EIN 91-0564971) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.