Emerald Heights Academy EIN 91-1598587 Form 990 (PDF) Claim this org

Emerald Heights Academy

Not yet claimed Claim this org →

Develops Christ-centered leaders through academic, spiritual, character, and apostolic formation. For fiscal year 2024 it reported $799K in revenue, $855K in expenses, and $294K in net assets.Pt I

Founded
1993
Type
Public charity (501(c)(3)) · Nonprofit
Location
Issaquah, WA
Website
www.emeraldheights.org
Filings
5 on file (2020–2024)
Revenue
$799KFY2024
Expenses
$855K
Net assets
$294K
People
4
Filings
5
Updates
0
More identity details & actions ⌄
EIN  91-1598587 Public charity (501(c)(3)) Issaquah, WA Founded 1993
Form 990 (PDF)
Compare with another nonprofit →
Is this your organization?
Claim this profile to manage it and share your story.
Claim
Provided by the organization

This section is blank until Emerald Heights Academy claims this page.

Know this organization? Claim it to add your story

Size
$100K–1M
What they do
Develops Christ-centered leaders through academic, spiritual, character, and apostolic formation.
Leadership
Joseph Thomas · Principal · $98K
Money in and out
$799K revenue, $855K expenses
Bottom line
79% program efficiency
Where the money goes · FY2024
Total revenue
$799K
Pt VIII · Ln 12
Total expenses
$855K
Pt IX · Ln 25
Net assets
$294K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$56K
Where spending went · Part IX cols B–D
Program services $0.79 Management & general $0.18 Fundraising $0.04
Program efficiency
79%
of spending reaches programs▲ +5% vs prior filing year
Operating runway
4.2mo
months of highly liquid reserves at operating expense rate▼ -26% vs prior filing year
Surplus margin
-7%
revenue over expenses, this year▼ -449% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$799K
FY2024▲ +3%
Expenses
$855K
FY2024▲ +9%
Total assets
$300K
FY2024▼ -16%
Total liabilities
$6K
FY2024▼ -3%
Total revenue
$799K
Pt VIII · Ln 12
Total expenses
$855K
Pt IX · Ln 25
Net assets
$294K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$56K
Total assetsPt X · Ln 16$300K
Program-expense ratioPt IX · col B79%
Voting members of governing bodyPt I · Ln 32
Independent voting membersPt I · Ln 42
Mission & Programs · Part III

Where the work happens

2 program services account for $674K of program spending, described in the organization's own filed words · FY2024.
01

Full-time student program

$671Kprogram expense
02

Homeschool enrichment program

$2Kprogram expense

Run this program? Claim this org to tell your story

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CEmerald Heights Academy
EINHdr · item D91-1598587
Principal addressHdr · item CIssaquah, WA
WebsiteHdr · item Jwww.emeraldheights.org
Year of formationHdr · item L1993
State of legal domicileHdr · item MWA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFApr 1994

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a2
Independent voting membersPt VI · Ln 1b2
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
Principal
$97,809Pt VII · Sec A
Finance Manager
$33,498Pt VII · Sec A
Board Secretary
$0Pt VII · Sec A
Board President
$0Pt VII · Sec A

Compensation history total reportable pay by year · 6 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Joseph Thomas$97,809$77,998
Joseph Thomas$93,715
Kimberly Bentler$73,288$64,189$62,889
Paul Parietti$33,498
Brian Richard$31,145$19,162
Paul Parietti$30,977

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 Emerald Heights Academy executive salaries →

Are you one of these people? Claim this org to confirm your role

Statement of Revenue

Part VIII
Program service revenue$629K · 79%
Contributions & grants$168K · 21%
Program service revenue79%$629K
Contributions & grants21%$168K
Investment income$477
Other revenue$3K
Total revenueLn 12$799K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.79 Management & general $0.18 Fundraising $0.04
Program services79%$674K
Management & general18%$151K
Fundraising4%$30K
Total functional expensesLn 25$855K

Balance Sheet

Part X · end of year
CashLn 1$286K
Total assetsLn 16$300K
Total liabilitiesLn 26$6K
Total net assetsLn 32$294K
Months of cash on handcomputed4.0

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $292K · Operating expenses (Pt IX) $855K · Less non-cash grants $30K · Cash operating expenses/yr $825K
4.2 months
Where the money goes
Program services
Program services $674K · Total expenses $855K
79%
Management & General
Management & general $151K · Total expenses $855K
18%
Fundraising
Fundraising $30K · Total expenses $855K
4%
Cost to raise $1
Fundraising expense (3-yr avg) $18K · Solicited contributions (3-yr avg) $164K
$0.11 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $168K · Total revenue $799K
21%
Government reliance
Government grants — · Total revenue $799K
Earned-income share
Program service revenue $629K · Total revenue $799K
79%
Investment reliance
Investment income $477 · Total revenue $799K
+0.06%
Program self-sufficiency
Program service revenue $629K · Total expenses $855K
74%
Growth & trend
Revenue growth (YoY)
This year $799K · Prior year $778K
+3%
Revenue CAGR
FY2019 $538K · FY2024 $799K
+8%
Net-asset trend (YoY)
End of year $294K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $799K · Expenses $855K
-7%
Liabilities-to-Assets
Total liabilities — · Total assets $300K
Net-asset ratio
Net assets $294K · Total assets $300K
98%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $6K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $300K
2%
People & payroll
Highest Reported Total Compensation
Individual Joseph Thomas · Reported title PRINCIPAL · Highest reported compensation $98K · Total expenses $855K
11%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $550K · Total expenses $855K
64%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 79%
Overhead ratio 18%
Fundraising cost ratio 18%
Revenue growth 3%

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 · funders on record
Grants received · FY2024
Total grants receivedfrom 3 funders$43K
See all 3 funders →

Similar Organizations

Closest in mission — by what they do
See all organizations like Emerald Heights Academy →

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$778K revenue · ⤓ 990 PDF
FY2023$607K revenue · ⤓ 990 PDF
FY2022$801K revenue · ⤓ 990 PDF
FY2021$691K revenue · ⤓ 990 PDF
FY2020$538K revenue · ⤓ 990 PDF

Want to add your own materials alongside these filings? Claim this org

Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the peer-cohort and compensation comparisons above.