Lakeside School
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Educates students in grades 5-12. For fiscal year 2025 it reported $125.3M in revenue, $62.7M in expenses, and $542.4M in net assets.Pt I
Summary of the Filing
Where the work happens
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 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.
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Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
Kai Bynum’s $861K as Head of School is at the 68th percentile of top reported officer pay among 674 $100M+ education 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 · 8 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Kai Bynum | $861,336 | $826,032 | $406,217 | — | — |
| Bernie Noe | — | — | $367,092 | $655,185 | $632,967 |
| Birage Tandon | $498,725 | $419,091 | $336,405 | $322,673 | $333,207 |
| Felicia Wilks | — | — | $157,098 | $313,779 | $304,894 |
| Sue Belcher | $305,962 | $264,835 | $209,345 | $201,756 | $172,724 |
| Ryan Boccuzzi | $291,381 | $266,508 | $146,918 | — | — |
| Daiga Galins | $252,461 | $241,541 | $228,376 | $236,099 | $243,098 |
| Reem Abu Rahmeh | $224,727 | $201,570 | $193,000 | $193,428 | — |
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.
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Statement of Revenue
Statement of Functional Expenses
Balance Sheet
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 82% | — | — |
| Overhead ratio | 15% | — | — |
| Fundraising cost ratio | 3% | — | — |
| Revenue growth | 63% | — | — |
| Investment management fee ratio | 0% | — | — |
| Legal fee ratio | 0% | — | — |
| Accounting fee ratio | 0% | — | — |
| Fundraising fee ratio | 0% | — | — |
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
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Filings & Schedule Manifest
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