Lake Washington Schools Foundation

Tax-deductible

Redmond, WA501(c)(3)Since 2005Foundations & GrantmakersEIN 55-0891792

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The Lake Washington Schools Foundation raises funds and amplifies community resources to provide students in Lake Washington School District what they need to thrive, both now and in the future.

501(c)(3) charity; gifts are tax-deductible.
83¢ of each $1 spent went to programs.
Run by 500 volunteers and 6 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average surplus $35K a year · 5% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$100K
to officers and key staff · 12% of spending
Top officer’s pay higher than 85% of similar orgs
Looks good: pay to officers and key staff is 12% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
7 mo
of spending, in cash
Looks good: 6.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $6K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$178K
27% of total assets
Looks good: liabilities are 27% of assets; 50% or less.
Pt X · Ln 26
Independent board members
17
of 17 voting members
Looks good: 17 of 17 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$815K
+29% vs prior year
Spent
$837K
To programs
83%
Net assets
$474K
By yearFY2020–FY2024
Revenue
$815K
FY2024▲ +29%
Revenue by fiscal year
FY2020$669K
FY2021$830K
FY2022$651K
FY2023$618K
FY2024$633K
FY2024$815K
Expenses
$837K
FY2024▲ +7%
Expenses by fiscal year
FY2020$542K
FY2021$439K
FY2022$654K
FY2023$814K
FY2024$781K
FY2024$837K
Net assets
$474K
FY2024▼ -4%
Net assets by fiscal year
FY2020$484K
FY2021$842K
FY2022$839K
FY2023$643K
FY2024$496K
FY2024$474K

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 2005.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

83 cents of each dollar spent went to programs.

Program services 83% · $698K Management & general 3% · $29K Fundraising 13% · $110K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

18 people listed on the 990; $100K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Direc
$100,464Pt VII · Sec A
Co-Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Co-Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Co-Vice Pres.
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Katy Philips’s $100K as Executive Direc is at the 85th percentile of top reported officer pay among 1264 $100K–1M philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Katy Philips$100,464$98,210$94,683$91,347$37,002$41,171
Helen K Sernett————$49,471—
Helen K Sernett—————$48,147
Chris Wheaton—————$37,500

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Lake Washington Schools Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Funds schools to give students resources they need to thrive.

Provided by the organization

This section is blank until Lake Washington Schools Foundation claims this page.

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3 program services account for $641K of program spending, described in the organization's own filed words · FY2024.
01

Pantry Packs

The Foundation funded and operated the Pantry Packs Program, which is a weekend food program for Food Insecure Students in the Lake Washington School District. Over the course of the ten-month school year, more than 1,000 students receive packs of nutritious, shelf-stable food each weekend.

$361Kprogram expense
02

Community Grants

The foundation granted funds for amazing reading challenge, battle of the books, noticias en espanol (spanish translation video newsletter), mental health wellness resources for students, care solace, kids coming together, college essay workshops, and other grants to support students and families in the lake washington school district.

$232Kprogram expense
03

Links

The LINKS program provides one-on-one mentoring for youth in the Lake Washington School District. Volunteers are adults from various backgrounds, educational levels, and stages of life who can spare an hour a week to spend with a child.

$48Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$6K
Grants paid · 9 grants · $986K · 2019–2024
Lake Washington School DistriFY2024$179,009
Nourishing Networks CentralFY2024$26,000
Unitemized GrantFY2024$5,234
Lake Washington School DistriFY2023$138,153
Nourishing Networks CentralFY2023$50,000
Lake Washington School DistriFY2022$254,896
Lake Washington School DistriFY2021$185,477
Lake Washington School DistriFY2020$68,865
Lake Washington School DistriFY2019$78,808

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$815K
Ln 12
Gifts and grantsLn 1h$839K
Investment incomeLn 3$13K
Money outPt IX
$837K
Ln 25
Programscol B$698K
Managementcol C$29K
Fundraisingcol D$110K
Owns and owesPt X
$474K
net assets · Ln 32
Cash and savingsLn 1–2$469K
Total assetsLn 16$652K
LiabilitiesLn 26$178K
PeoplePt VI, VII
18
listed · VII A
PaidVII A1
Voting boardVI 1a17
IndependentVI 1b17
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$839K
Government grantsLn 1e$85K
Noncash giftsLn 1g$12K
Fundraising eventsLn 1c$299K
Investment incomeLn 3$13K
Gains on assetsLn 7$0
Total revenueLn 12$815K
Assets in detailPt X, end of year
CashLn 1$86K
SavingsLn 2$382K
Cash and savings togetherLn 1–2$469K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$145K
Total assetsLn 16$652K
LiabilitiesLn 26$178K
Net assetsLn 32$474K
OperationsPt I, VI
EmployeesI 56
VolunteersI 6500
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$491K$469K
InvestmentsLn 11–13$5K$0
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$730K$652K
LiabilitiesLn 26$234K$178K
Net assetsLn 32$496K$474K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$217K$217K
Grants to domestic individualsLn 2$5K$5K
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$111K$56K$16K$39K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$96K$58K$3K$35K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$17K$10K$2K$6K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$16K$9K$2K$6K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$25$25
Other fees for servicesLn 11g$24K$24K$143$626
Advertising and promotionLn 12$882$132$364$386
Office expensesLn 13$4K$2K$348$2K
Information technologyLn 14$17K$10K$1K$6K
RoyaltiesLn 15$0
OccupancyLn 16$16K$15K$988
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$46K$46K
InsuranceLn 23$12K$7K$993$4K
Other expenses (24a–d)Ln 24$245K$233K$2K$10K
All other expensesLn 24e$7K$5K$424$2K
Total functional expensesLn 25$837K$698K$29K$110K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $633K$781K−$148K$496K 990 PDF
FY2023 $618K$814K−$196K$643K 990 PDF
FY2022 $651K$654K−$3K$839K 990 PDF
FY2021 $830K$439K$392K$842K 990 PDF
FY2020 $669K$542K$128K$484K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $815,362 across 11 lines filed
VIII-1c Fundraising events$299,311
VIII-1e Government grants$84,505
VIII-1f All other contributions, gifts and grants$455,491
VIII-1g Noncash contributions (included above)$12,457
VIII-1h Total contributions, gifts and grants$839,307
VIII-3 Investment incomeRelated to mission $13,213$13,213
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events−$37,158
VIII-12 Total revenueRelated to mission $13,213$815,362
Part IX · Statement of functional expenses $836,963 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $217,207$217,207
IX-2 Grants to domestic individualsPrograms $5,234$5,234
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $56,148 · Management $16,069 · Fundraising $38,972$111,189
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $58,294 · Management $3,267 · Fundraising $34,722$96,283
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxesPrograms $9,591 · Management $1,621 · Fundraising $6,176$17,388
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesPrograms $9,020 · Management $1,524 · Fundraising $5,808$16,352
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management feesManagement $25$25
IX-11g Other fees for servicesPrograms $23,724 · Management $143 · Fundraising $626$24,493
IX-12 Advertising and promotionPrograms $132 · Management $364 · Fundraising $386$882
IX-13 Office expensesPrograms $2,469 · Management $348 · Fundraising $1,523$4,340
IX-14 Information technologyPrograms $9,809 · Management $1,382 · Fundraising $6,051$17,242
IX-15 Royalties$0
IX-16 OccupancyPrograms $15,379 · Management $988$16,367
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $45,879$45,879
IX-23 InsurancePrograms $7,044 · Management $993 · Fundraising $4,346$12,383
IX-24 Other expenses (24a–d)Programs $233,429 · Management $1,707 · Fundraising $9,565$244,701
IX-24e All other expensesPrograms $4,713 · Management $424 · Fundraising $1,861$6,998
IX-25 Total functional expensesPrograms $698,072 · Management $28,855 · Fundraising $110,036$836,963
Part X · Balance sheet $652,310 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $23,207$86,413
X-2 Savings and temporary cash investmentsStart of year $467,546$382,326
X-3 Pledges and grants receivableStart of year $34,754$25,986
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $16,797$12,823
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securitiesStart of year $4,942$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $182,363$144,762
X-16 Total assetsStart of year $729,609$652,310
X-17 Accounts payable and accrued expensesStart of year $24,473$8,936
X-25 Other liabilitiesStart of year $209,583$169,422
X-26 Total liabilitiesStart of year $234,056$178,358
X-27 Net assets without donor restrictionsStart of year $450,401$473,952
X-32 Total net assets or fund balancesStart of year $495,553$473,952
X-33 Total liabilities and net assetsStart of year $729,609$652,310
Part XI · Reconciliation of net assets $473,952 net assets at year end
XI-1 Total revenue$815,362
XI-2 Total expenses$836,963
XI-3 Revenue less expenses−$21,601
XI-4 Net assets at start of year$495,553
XI-10 Net assets at end of year$473,952

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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