The Bertschi School FY2021 filing

Tax-deductible

Seattle, WA501(c)(3)Since 1976EducationEIN 91-0975541Revenue $9.1M in FY2021

On file with the IRSbertschi.org2227 10th Ave E, 98102-4107 · Seattle, WATax-exempt since May 1978School — 170(b)(1)(A)(ii)

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To educate children to become compassionate, confident, and creative learners in a global community.

501(c)(3) charity; gifts are tax-deductible.
72¢ of each $1 spent went to programs.
$961K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · 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
5 of 5
filings with a surplus
Average surplus $1.0M a year · 10% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
72%
of spending
Fine: 72% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$961K
to officers and key staff · 11% of spending
Looks good: pay to officers and key staff is 11% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 5.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
14
named funders · $953K
Looks good: 14 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$12.1M
38% of total assets
Looks good: liabilities are 38% of assets; 50% or less.
Pt X · Ln 26
Independent board members
16
of 20 voting members
Looks good: 16 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
$9.1M
+4% vs prior year
Spent
$9.1M
To programs
72%
Net assets
$19.8M
By yearFY2020–FY2024
Revenue
$9.1M
FY2021▲ +4%
Tap a bar for its year
Revenue by fiscal year
FY2020$8.8M
FY2021$9.1M
FY2022$9.8M
FY2023$10.6M
FY2024$13.4M
FY2024$13.6M
Expenses
$9.1M
FY2021▲ +8%
Tap a bar for its year
Expenses by fiscal year
FY2020$8.4M
FY2021$9.1M
FY2022$9.2M
FY2023$9.4M
FY2024$10.3M
FY2024$10.7M
Net assets
$19.8M
FY2021▲ +12%
Tap a bar for its year
Net assets by fiscal year
FY2020$17.7M
FY2021$19.8M
FY2022$18.5M
FY2023$20.2M
FY2024$24.3M
FY2024$28.5M

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 1978.

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

Where the money goes

72 cents of each dollar spent went to programs.

Program services 72% · $6.6M Management & general 26% · $2.4M Fundraising 2% · $170K

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

30 people listed on the 990; $961K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Head of School
$253,221Pt VII · Sec A
$218,990Pt VII · Sec A
Associate Head of School
$166,642Pt VII · Sec A
Director of Learning Services
$117,950Pt VII · Sec A
Director of Campus Planning
$102,816Pt VII · Sec A
Director of Institutional Advancement
$101,678Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Raymond Yu’s $333K as Head of School is at the 71st 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

NameFY2024FY2024FY2023FY2022FY2021FY2020
Raymond Yu$332,592$317,470$179,114———
Mike Gardner$286,965$271,267$238,572$229,075$218,990$217,911
Rafael Del Castillo———$133,427$253,221$260,442
Teresa D Barnett——$108,024$187,722$166,642$148,647
Jennifer Bloch Garcia—$121,439$119,078$146,649$117,950$104,941
Rose Bellini$143,734—————
Michele Sanchez$136,370$126,169$119,691———
Jennifer Boch Garcia$127,118—————

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

Teaches children to be compassionate, confident, and creative global citizens.

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Provided by the organization

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1 program · $6.6M · in their own filed words · FY2020
01

Bertschi school is an independent day school, offering pre-kindergarten and primary education to approximately 240 day students from the seattle metro area. Our curriculum includes after school extended day programming, student clubs, and a six-week summer camp.

$6.6Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
See all 14 funders →

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$9.1M
Ln 12
Fees for servicesLn 2g$7.3M
Gifts and grantsLn 1h$1.6M
Investment incomeLn 3$258K
Money outPt IX
$9.1M
Ln 25
Programscol B$6.6M
Managementcol C$2.4M
Fundraisingcol D$170K
Owns and owesPt X
$19.8M
net assets · Ln 32
Cash and savingsLn 1–2$4.2M
Total assetsLn 16$31.9M
LiabilitiesLn 26$12.1M
PeoplePt VI, VII
30
listed · VII A
PaidVII A6
Voting boardVI 1a20
IndependentVI 1b16
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.6M
Government grantsLn 1e$921K
Noncash giftsLn 1g$22K
Fees for servicesLn 2g$7.3M
Investment incomeLn 3$258K
Gains on assetsLn 7$77
Total revenueLn 12$9.1M
Assets in detailPt X, end of year
CashLn 1$2.7M
SavingsLn 2$1.5M
Cash and savings togetherLn 1–2$4.2M
InvestmentsLn 11–13$13.5M
Land, buildings, equipmentLn 10c$13.6M
Other assetsLn 15$196K
Total assetsLn 16$31.9M
LiabilitiesLn 26$12.1M
Net assetsLn 32$19.8M
OperationsPt I, VI
EmployeesI 594
VolunteersI 6100
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 FY21End FY21
Cash and savingsLn 1–2$4.1M$4.2M
InvestmentsLn 11–13$12.5M$13.5M
Land, buildings, equipmentLn 10c$12.4M$13.6M
Total assetsLn 16$29.7M$31.9M
LiabilitiesLn 26$12.0M$12.1M
Net assetsLn 32$17.7M$19.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$989K$989K
Pay of current officers, directors and key staffLn 5$562K$407K$143K$11K
Other salaries and wagesLn 7$4.5M$3.3M$1.2M$92K
Pension plan contributionsLn 8$253K$184K$65K$5K
Other employee benefitsLn 9$496K$359K$126K$10K
Payroll taxesLn 10$357K$259K$91K$7K
Legal feesLn 11b$4K$4K
Accounting feesLn 11c$25K$25K
Other fees for servicesLn 11g$183K$11K$171K$975
Office expensesLn 13$124K$4K$91K$29K
OccupancyLn 16$403K$288K$110K$4K
InterestLn 20$263K$49K$214K
Depreciation, depletion and amortizationLn 22$521K$442K$72K$7K
InsuranceLn 23$79K$67K$11K$1K
Other expenses (24a–d)Ln 24$307K$227K$77K$3K
Total functional expensesLn 25$9.1M$6.6M$2.4M$170K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $13.4M$10.3M$3.1M$24.3M 990 PDF
FY2023 $10.6M$9.4M$1.2M$20.2M 990 PDF
FY2022 $9.8M$9.2M$536K$18.5M 990 PDF
FY2021 Viewing $9.1M$9.1M$55K$19.8M 990 PDF
FY2020 $8.8M$8.4M$374K$17.7M 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 FY2021 990 (6 parts)
Part I · Summary $9,139,910 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $694,857$1,551,644
I-9 Program service revenuePrior year $7,784,882$7,330,444
I-10 Investment incomePrior year $328,943$257,822
I-11 Other revenuePrior year $14,780$0
I-12 Total revenuePrior year $8,823,462$9,139,910
I-13 Grants and similar amounts paidPrior year $981,346$989,447
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $5,619,480$6,188,607
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,849,047$1,907,345
I-18 Total expensesPrior year $8,449,873$9,085,399
I-19 Revenue less expensesPrior year $373,589$54,511
Part VI · Governance 16 of 20 board members independent, no flags
VI-1a Voting members of the governing body20
VI-1b Independent voting members16
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 $9,139,910 across 8 lines filed
VIII-1e Government grants$920,534
VIII-1f All other contributions, gifts and grants$631,110
VIII-1g Noncash contributions (included above)$22,262
VIII-1h Total contributions, gifts and grants$1,551,644
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $7,330,444$7,330,444
VIII-3 Investment incomeExcluded from tax $257,745$257,745
VIII-7 Net gain or loss on sales of assetsExcluded from tax $77$77
VIII-12 Total revenueRelated to mission $7,330,444 · Unrelated business $0 · Excluded from tax $257,822$9,139,910
Part IX · Statement of functional expenses $9,085,399 across 15 lines filed
IX-2 Grants to domestic individualsPrograms $989,447$989,447
IX-5 Pay of current officers, directors and key staffPrograms $407,202 · Management $143,338 · Fundraising $11,413$561,953
IX-7 Other salaries and wagesPrograms $3,275,673 · Management $1,153,057 · Fundraising $91,815$4,520,545
IX-8 Pension plan contributionsPrograms $183,560 · Management $64,614 · Fundraising $5,145$253,319
IX-9 Other employee benefitsPrograms $359,065 · Management $126,393 · Fundraising $10,064$495,522
IX-10 Payroll taxesPrograms $258,883 · Management $91,129 · Fundraising $7,256$357,268
IX-11b Legal feesManagement $3,730$3,730
IX-11c Accounting feesManagement $24,543$24,543
IX-11g Other fees for servicesPrograms $11,234 · Management $170,812 · Fundraising $975$183,021
IX-13 Office expensesPrograms $3,710 · Management $91,177 · Fundraising $28,742$123,629
IX-16 OccupancyPrograms $288,228 · Management $110,419 · Fundraising $4,316$402,963
IX-20 InterestPrograms $49,190 · Management $213,523$262,713
IX-22 Depreciation, depletion and amortizationPrograms $442,222 · Management $71,514 · Fundraising $7,083$520,819
IX-23 InsurancePrograms $67,288 · Management $10,881 · Fundraising $1,078$79,247
IX-24 Other expenses (24a–d)Programs $226,647 · Management $77,490 · Fundraising $2,543$306,680
IX-25 Total functional expensesPrograms $6,562,349 · Management $2,352,620 · Fundraising $170,430$9,085,399
Part X · Balance sheet $31,898,721 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $4,113,124$2,738,107
X-2 Savings and temporary cash investmentsStart of year $500$1,461,602
X-3 Pledges and grants receivableStart of year $52,357$21,111
X-4 Accounts receivable$8,960
X-9 Prepaid expenses and deferred chargesStart of year $190,239$150,647
X-10c Land, buildings and equipment, netStart of year $12,432,204$13,639,335
X-11 Publicly traded securitiesStart of year $12,503,399$13,525,571
X-14 Intangible assetsStart of year $165,073$156,892
X-15 Other assetsStart of year $196,496$196,496
X-16 Total assetsStart of year $29,653,392$31,898,721
X-17 Accounts payable and accrued expensesStart of year $913,949$914,591
X-19 Deferred revenueStart of year $2,839,589$3,328,609
X-20 Tax-exempt bond liabilitiesStart of year $5,277,487$5,077,536
X-24 Unsecured notes and loans payableStart of year $920,534$0
X-26 Total liabilitiesStart of year $11,991,559$12,126,063
X-27 Net assets without donor restrictionsStart of year $11,797,511$12,403,535
X-28 Net assets with donor restrictionsStart of year $5,864,322$7,369,123
X-32 Total net assets or fund balancesStart of year $17,661,833$19,772,658
X-33 Total liabilities and net assetsStart of year $29,653,392$31,898,721
Part XI · Reconciliation of net assets $19,772,658 net assets at year end
XI-1 Total revenue$9,139,910
XI-2 Total expenses$9,085,399
XI-3 Revenue less expenses$54,511
XI-4 Net assets at start of year$17,661,833
XI-5 Net unrealized gains (losses) on investments$2,056,314
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$19,772,658

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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