Evergreen School EIN 91-0756462

Evergreen School

EIN  91-0756462 Public charity (501(c)(3)) Shoreline, WA Founded 1963
Form 990 (PDF) Compare with another nonprofit →
Verified accurate 8/7/26 · see original filing: IRS
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Size
$10–100M
What they do
Inspires creative learners to lead with curiosity, compassion, and courage.
Leadership
William Halsey Bell · Head of School · $411K
Money in and out
$32.7M revenue, $22.5M expenses
Bottom line
76% program efficiency

Inspires creative learners to lead with curiosity, compassion, and courage. For fiscal year 2025 it reported $32.7M in revenue, $22.5M in expenses, and $66.7M in net assets.Pt I

Where the money goes · FY2025
Total revenue
$32.7M
Pt VIII · Ln 12
Total expenses
$22.5M
Pt IX · Ln 25
Net assets
$66.7M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $10.1M
Where spending went · Part IX cols B–D
Program services $0.76 Management & general $0.20 Fundraising $0.03
Program efficiency
76%
of spending reaches programs▲ +1% vs prior filing year
Operating runway
47.4mo
months of highly liquid reserves at operating expense rate▲ +126% vs prior filing year
Surplus margin
+31%
revenue over expenses, this year▲ +139% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$32.7M
FY2025▲ +41%
Expenses
$22.5M
FY2025▲ +12%
Total assets
$106.9M
FY2025▲ +77%
Total liabilities
$40.3M
FY2025▲ +584%
Total revenue
$32.7M
Pt VIII · Ln 12
Total expenses
$22.5M
Pt IX · Ln 25
Net assets
$66.7M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$10.1M
Total assetsPt X · Ln 16$106.9M
Program-expense ratioPt IX · col B76%
Voting members of governing bodyPt I · Ln 325
Independent voting membersPt I · Ln 425
Mission & Programs · Part III

Where the work happens

2 program services account for $17.2M of program spending, described in the organization's own filed words · FY2024.
01

Evergreen school strives to develop in its children a compassionate attitude toward the environment and a curiosity with which they go wandering through life, a prerequisite for higher level thought. The school challenges multiple perspectives and ultimately stretches its students minds through the eighth grade.

$15.5Mprogram expense
02

The emphasis of the evergreen school's summer program, extended care, after school classes and seedlings programs is on embracing our natural environment, nurturing problem solving and thinking skills of young students, fostering their artistic and creative abilities, and providing many opportunities for healthy recreation and…

$1.7Mprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CEvergreen School
EINHdr · item D91-0756462
Principal addressHdr · item CShoreline, WA
WebsiteHdr · item Jwww.evergreenschool.org
Year of formationHdr · item L1963
State of legal domicileHdr · item MWA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B24Z)
Ruling yearIRS BMFSep 1964

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a25
Independent voting membersPt VI · Ln 1b25
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Head of School
$410,626Pt VII · Sec A
Associate Head of School
$193,477Pt VII · Sec A
$189,216Pt VII · Sec A
Director of Advancement
$170,394Pt VII · Sec A
Upper Division Head
$157,620Pt VII · Sec A
Primary Division Head
$145,290Pt VII · Sec A
Director of Admission
$138,999Pt VII · Sec A
$0Pt VII · Sec A

William Halsey Bell’s $411K as Head of School is at the 82nd percentile of top reported officer pay among 3682 $10–100M 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

NameFY2025FY2024FY2023FY2022FY2021
William Halsey Bell$410,626$326,069
William Halsey$352,655
Halsey Bell$291,575
Halsey Bell$214,285
Debra Lee-Rizzi$212,592
Veronica Codrington Cazeau$197,878
Debra Lee-Rizzi$137,419$195,656
Long Phan$193,477

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

Part VIII
Program service revenue$21.9M · 67%
Contributions & grants$10.6M · 32%
Program service revenue67%$21.9M
Contributions & grants32%$10.6M
Investment income$75K
Other revenue$127K
Total revenueLn 12$32.7M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.76 Management & general $0.20 Fundraising $0.03
Program services76%$17.2M
Management & general20%$4.6M
Fundraising3%$775K
Total functional expensesLn 25$22.5M

Balance Sheet

Part X · end of year
CashLn 1$29.3M
Total assetsLn 16$106.9M
Total liabilitiesLn 26$40.3M
Total net assetsLn 32$66.7M
Months of cash on handcomputed15.6

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $75.3M · Operating expenses (Pt IX) $22.5M · Less non-cash grants $3.5M · Cash operating expenses/yr $19.1M
47.4 months
Where the money goes
Program services
Program services $17.2M · Total expenses $22.5M
76%
Management & General
Management & general $4.6M · Total expenses $22.5M
20%
Fundraising
Fundraising $775K · Total expenses $22.5M
3%
Cost to raise $1
Fundraising expense (3-yr avg) $597K · Solicited contributions (3-yr avg) $4.6M
$0.13 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $10.6M · Total revenue $32.7M
32%
Government reliance
Government grants — · Total revenue $32.7M
Earned-income share
Program service revenue $21.9M · Total revenue $32.7M
67%
Investment reliance
Investment income $75K · Total revenue $32.7M
0%
Program self-sufficiency
Program service revenue $21.9M · Total expenses $22.5M
97%
Growth & trend
Revenue growth (YoY)
This year $32.7M · Prior year $23.1M
+41%
Revenue CAGR
FY2020 $20.7M · FY2024 $32.7M
+12%
Net-asset trend (YoY)
End of year $66.7M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $32.7M · Expenses $22.5M
+31%
Liabilities-to-Assets
Total liabilities — · Total assets $106.9M
Net-asset ratio
Net assets $66.7M · Total assets $106.9M
62%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $44.5M · Other securities (Pt X, ln 12) $1.6M · Total assets (Pt X, ln 16) $106.9M
43%
People & payroll
Highest Reported Total Compensation
Individual William Halsey Bell · Reported title HEAD OF SCHOOL · Highest reported compensation $411K · Total expenses $22.5M
2%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $14.5M · Total expenses $22.5M
64%
Fundraising vendors
Fundraiser cost ratio
Paid to fundraisers $243K · Gross raised $9.3M
3%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 76%
Overhead ratio 20%
Fundraising cost ratio 7%
Revenue growth 41%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0%
Fundraising fee ratio 1%

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.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 6 funders →
Grants paid · 6 grants · $2.8M · 2020–2021
Unitemized GrantFY2021$1,368,006
Unitemized GrantFY2021$33,577
Unitemized GrantFY2021$9,029
Unitemized GrantFY2020$1,414,351
Unitemized GrantFY2020$5,424
Unitemized GrantFY2020$3,111

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$32.7M revenue · viewing · ⤓ 990 PDF
FY2024$23.1M revenue · ⤓ 990 PDF
FY2023$19.7M revenue · ⤓ 990 PDF
FY2022$18.7M revenue · ⤓ 990 PDF
FY2021$20.7M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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