The Overlake School

Tax-deductible

Redmond, WA501(c)(3)Since 1967EducationEIN 91-0814431Revenue $53.4M in FY2025

On file with the IRSoverlake.org20301 Ne 108th St, 98053-7437 · Redmond, WATax-exempt since Jun 1966School — 170(b)(1)(A)(ii)

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The Overlake School champions students and their vast potential through engaging educational experiences in a diverse and inclusive community. Students are valued as multifaceted individuals and graduate with a passion for learning, ready for any path that contributes to a better world.

501(c)(3) charity; gifts are tax-deductible.
75¢ of each $1 spent went to programs.
Run by 220 volunteers and 257 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $6.8M a year · 21% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
75%
of spending
Fine: 75% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.6M
to officers and key staff · 5% of spending
Top officer’s pay higher than 57% of similar orgs
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
10 mo
of spending, in cash
Looks good: 9.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $3K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$35.7M
25% of total assets
Looks good: liabilities are 25% of assets; 50% or less.
Pt X · Ln 26
Independent board members
20
of 20 voting members
Looks good: 20 of 20 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$53.4M
+80% vs prior year
Spent
$31.2M
To programs
75%
Net assets
$107.6M
By yearFY2020–FY2025
Revenue
$53.4M
FY2025▲ +80%
Tap a bar for its year
Revenue by fiscal year
FY2020$28.3M
FY2021$25.5M
FY2022$25.7M
FY2023$31.6M
FY2024$29.7M
FY2025$53.4M
Expenses
$31.2M
FY2025▲ +12%
Tap a bar for its year
Expenses by fiscal year
FY2020$21.3M
FY2021$21.6M
FY2022$24.1M
FY2023$27.5M
FY2024$28.0M
FY2025$31.2M
Net assets
$107.6M
FY2025▲ +28%
Tap a bar for its year
Net assets by fiscal year
FY2020$68.5M
FY2021$77.7M
FY2022$74.6M
FY2023$79.9M
FY2024$84.3M
FY2025$107.6M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 1966.

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

Where the money goes

75 cents of each dollar spent went to programs.

Program services 75% · $23.3M Management & general 23% · $7.2M Fundraising 2% · $752K

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

28 people listed on the 990; $1.6M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Business Manager
$267,876Pt VII · Sec A
Head of School
$245,421Pt VII · Sec A
Former Key Employee
$239,240Pt VII · Sec A
Director of Development
$189,542Pt VII · Sec A
Upper School Head
$167,211Pt VII · Sec A
Middle School Head
$166,199Pt VII · Sec A
Teaching and Learning (thru 06/25)
$164,493Pt VII · Sec A
Director of Communications
$153,439Pt VII · Sec A

Warren Gilles’s $268K as Business Manager is at the 57th percentile of top reported officer pay among 3683 $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

NameFY2025FY2024FY2023FY2022FY2021FY2020
Matthew Horvat——$346,722$316,767$302,076$288,150
Warren Gilles$267,876$345,532$249,402$225,778$228,947$224,018
Gretchen Warner$245,421—————
Eric Temple$239,240$236,832————
Brisen Brady$189,542$192,804$179,732$154,879$147,326$144,365
Gerald Buhaly——$181,443$162,786$155,095$150,427
Matthew Horvat - Head of—$177,236————
Marshall McCurties$167,211—————

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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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

Inspires excellence, fosters curiosity, teaches responsibility, and embraces diversity in all it does.

Questions for The Overlake School

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1 program · $23.3M · in their own filed words · FY2024
01

The overlake school is an independent coeducational suburban dayschool, offering a rigorous college preparatory program in the liberal arts tradition for students in grades 5 through 12. The school's goal is to prepare a diverse student body for admission to colleges and universities around the country and for a lifetime of ongoing…

$23.3Mprogram expense

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$3K
Grants paid · 6 grants · $10.3M · 2019–2024
Unitemized GrantFY2024$1,993,626
Unitemized GrantFY2023$1,779,431
Unitemized GrantFY2022$1,534,351
Unitemized GrantFY2021$1,699,967
Unitemized GrantFY2020$1,825,870
Unitemized GrantFY2019$1,503,445

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$53.4M
Ln 12
Fees for servicesLn 2g$28.1M
Gifts and grantsLn 1h$23.1M
Investment incomeLn 3$2.3M
Money outPt IX
$31.2M
Ln 25
Programscol B$23.3M
Managementcol C$7.2M
Fundraisingcol D$752K
Owns and owesPt X
$107.6M
net assets · Ln 32
Cash and savingsLn 1–2$25.2M
Total assetsLn 16$143.3M
LiabilitiesLn 26$35.7M
PeoplePt VI, VII
28
listed · VII A
PaidVII A8
Voting boardVI 1a20
IndependentVI 1b20
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$23.1M
Noncash giftsLn 1g$17.2M
Fees for servicesLn 2g$28.1M
Investment incomeLn 3$2.3M
Gains on assetsLn 7$567K
Total revenueLn 12$53.4M
Assets in detailPt X, end of year
CashLn 1$9.6M
SavingsLn 2$15.6M
Cash and savings togetherLn 1–2$25.2M
InvestmentsLn 11–13$47.7M
Land, buildings, equipmentLn 10c$66.2M
Total assetsLn 16$143.3M
LiabilitiesLn 26$35.7M
Net assetsLn 32$107.6M
OperationsPt I, VI
EmployeesI 5257
VolunteersI 6220
Fiscal year endsHeaderJune
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 FY25End FY25
Cash and savingsLn 1–2$12.3M$25.2M
InvestmentsLn 11–13$35.2M$47.7M
Land, buildings, equipmentLn 10c$57.1M$66.2M
Total assetsLn 16$109.9M$143.3M
LiabilitiesLn 26$25.5M$35.7M
Net assetsLn 32$84.3M$107.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$2.0M$2.0M
Pay of current officers, directors and key staffLn 5$1.3M$1.3M
Other salaries and wagesLn 7$14.2M$10.9M$2.8M$480K
Pension plan contributionsLn 8$957K$758K$166K$33K
Other employee benefitsLn 9$1.4M$1.2M$179K$52K
Payroll taxesLn 10$1.2M$891K$309K$39K
Legal feesLn 11b$90K$90K
Accounting feesLn 11c$80K$80K
Investment management feesLn 11f$126K$126K
Other fees for servicesLn 11g$1.6M$1.0M$481K$93K
Advertising and promotionLn 12$8K$70$8K
Office expensesLn 13$1.2M$1.0M$140K$44K
Information technologyLn 14$350K$350K
OccupancyLn 16$1.8M$1.7M$59K
TravelLn 17$498K$434K$64K$709
Conferences, conventions and meetingsLn 19$658K$570K$85K$4K
InterestLn 20$751K$751K
Depreciation, depletion and amortizationLn 22$2.4M$2.4M
InsuranceLn 23$386K$386K
Other expenses (24a–d)Ln 24$199K$27K$173K−$1K
Total functional expensesLn 25$31.2M$23.3M$7.2M$752K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $53.4M$31.2M$22.2M$107.6M 990 PDF
FY2024 $29.7M$28.0M$1.8M$84.3M 990 PDF
FY2023 $31.6M$27.5M$4.1M$79.9M 990 PDF
FY2022 $25.7M$24.1M$1.6M$74.6M 990 PDF
FY2021 $25.5M$21.6M$3.9M$77.7M 990 PDF
FY2020 $28.3M$21.3M$7.0M$68.5M 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 FY2025 990 (6 parts)
Part I · Summary $53,447,977 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $3,078,336$23,109,211
I-9 Program service revenuePrior year $25,500,947$28,052,687
I-10 Investment incomePrior year $1,156,569$2,286,079
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $29,735,852$53,447,977
I-13 Grants and similar amounts paidPrior year $1,779,431$1,993,626
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $17,532,797$19,046,436
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $8,644,856$10,191,269
I-18 Total expensesPrior year $27,957,084$31,231,331
I-19 Revenue less expensesPrior year $1,778,768$22,216,646
Part VI · Governance 20 of 20 board members independent, no flags
VI-1a Voting members of the governing body20
VI-1b Independent voting members20
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $53,447,977 across 7 lines filed
Lines not itemized here account for $106,467 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$23,109,211
VIII-1g Noncash contributions (included above)$17,231,552
VIII-1h Total contributions, gifts and grants$23,109,211
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $27,946,220$27,946,220
VIII-3 Investment incomeExcluded from tax $1,719,500$1,719,500
VIII-7 Net gain or loss on sales of assetsExcluded from tax $566,579$566,579
VIII-12 Total revenueRelated to mission $28,052,687 · Unrelated business $0 · Excluded from tax $2,286,079$53,447,977
Part IX · Statement of functional expenses $31,231,331 across 20 lines filed
IX-2 Grants to domestic individualsPrograms $1,993,626$1,993,626
IX-5 Pay of current officers, directors and key staffManagement $1,269,421$1,269,421
IX-7 Other salaries and wagesPrograms $10,868,672 · Management $2,824,740 · Fundraising $480,148$14,173,560
IX-8 Pension plan contributionsPrograms $757,646 · Management $165,798 · Fundraising $33,471$956,915
IX-9 Other employee benefitsPrograms $1,175,917 · Management $178,959 · Fundraising $51,949$1,406,825
IX-10 Payroll taxesPrograms $891,300 · Management $309,040 · Fundraising $39,375$1,239,715
IX-11b Legal feesManagement $90,323$90,323
IX-11c Accounting feesManagement $80,325$80,325
IX-11f Investment management feesManagement $126,329$126,329
IX-11g Other fees for servicesPrograms $1,043,498 · Management $481,418 · Fundraising $92,789$1,617,705
IX-12 Advertising and promotionManagement $70 · Fundraising $7,818$7,888
IX-13 Office expensesPrograms $1,045,489 · Management $139,607 · Fundraising $43,606$1,228,702
IX-14 Information technologyPrograms $349,621$349,621
IX-16 OccupancyPrograms $1,726,459 · Management $58,906$1,785,365
IX-17 TravelPrograms $433,737 · Management $63,859 · Fundraising $709$498,305
IX-19 Conferences, conventions and meetingsPrograms $569,543 · Management $84,775 · Fundraising $3,701$658,019
IX-20 InterestManagement $751,410$751,410
IX-22 Depreciation, depletion and amortizationPrograms $2,412,853$2,412,853
IX-23 InsuranceManagement $385,589$385,589
IX-24 Other expenses (24a–d)Programs $26,748 · Management $173,420 · Fundraising −$1,333$198,835
IX-25 Total functional expensesPrograms $23,295,109 · Management $7,183,989 · Fundraising $752,233$31,231,331
Part X · Balance sheet $143,331,722 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $9,431,361$9,577,892
X-2 Savings and temporary cash investmentsStart of year $2,903,356$15,576,576
X-3 Pledges and grants receivableStart of year $3,830,379$3,282,882
X-4 Accounts receivableStart of year $278,986$287,012
X-9 Prepaid expenses and deferred chargesStart of year $1,083,019$758,060
X-10c Land, buildings and equipment, netStart of year $57,116,091$66,166,027
X-11 Publicly traded securitiesStart of year $35,233,770$47,683,273
X-16 Total assetsStart of year $109,877,262$143,331,722
X-17 Accounts payable and accrued expensesStart of year $2,119,159$4,361,046
X-19 Deferred revenueStart of year $4,322,633$4,827,686
X-20 Tax-exempt bond liabilitiesStart of year $19,106,827$26,522,893
X-26 Total liabilitiesStart of year $25,548,619$35,711,625
X-27 Net assets without donor restrictionsStart of year $68,341,278$78,041,855
X-28 Net assets with donor restrictionsStart of year $15,987,365$29,578,242
X-32 Total net assets or fund balancesStart of year $84,328,643$107,620,097
X-33 Total liabilities and net assetsStart of year $109,877,262$143,331,722
Part XI · Reconciliation of net assets $107,620,097 net assets at year end
XI-1 Total revenue$53,447,977
XI-2 Total expenses$31,231,331
XI-3 Revenue less expenses$22,216,646
XI-4 Net assets at start of year$84,328,643
XI-5 Net unrealized gains (losses) on investments$1,074,808
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$107,620,097

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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