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Lakeside School

Seattle, WA · EIN 91-0564971 · 501(c)(3) · School
Latest filing: Form 990 for the fiscal year ending June 30, 2025 (tax year 2024) · View the filing · Correct or respond

Lakeside School reported $125.3 million in revenue and $62.7 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $82.37 went to program services, $15.01 to management and general costs and $2.62 to fundraising. Its largest source of revenue was contributions and grants: 52.1% of the total. The highest compensation it reported for one person was $896,284 (HEAD OF SCHOOL). 112 people received more than $100,000 in reportable compensation. Revenue rose 126% between FY2020 and FY2025. Source: Form 990, FY2025.

Where $100 of spending went

The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $63M

Program services$82.37 $52M
Management & general$15.01 $9.4M
Fundraising$2.62 $1.6M

For context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $125M

Contributions & grants (non-government)$52.08 $65M
Program service revenue$36.17 $45M
Investment income$11.36 $14M
Other revenue$0.39 $490K

The 990 scorecard · same measures for every charity, no grades

FY2025 filing. Median across 5,499 covered charities in this category, from their latest filings.
Measure	FY2025	Median
Program services Part IX 25(B) ÷ 25(A)	82.4%	84.4%
Management & general Part IX 25(C) ÷ 25(A)	15.0%	13.4%
Fundraising Part IX 25(D) ÷ 25(A)	2.6%	0.8%
Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h	$0.03	$0.04
Contributions & grants share of revenue Part VIII 1h ÷ 12	52.1%	19.1%
Government grants share of revenue Part VIII 1e ÷ 12	0.0%	1.1%
Program service revenue share Part VIII 2g ÷ 12	36.2%	69.9%
Highest reported compensation Part VII-A, columns D–F	$896,284	$331,578
Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A)	1.43%	1.28%
People paid over $100,000 Part VII, line 2	112	8
Net assets, in months of expenses Part X 33(B) ÷ monthly expenses	103.9	13.3
Independent voting board members Part VI 1a–1b	19 of 20	100.0%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

FY2025 · Form 990, Part III · the three largest programs by expense

$49M expenses · 94.2% of program spending · grants $10.0M · revenue $42M

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 school's comprehensive middle and upper school program includes excellent academics, athletics, experiential education, and visual and performing arts. The financial aid program provides tuition- and non-tuition financial aid to approximately a third of the student population. The food service program offers meals and snacks to all students and employees. In…

$2.7M expenses · 5.2% of program spending · grants $347K · revenue $3.1M

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

$287K expenses · 0.6% of program spending · grants $160K · revenue $366K

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

Highest reported compensation

FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here

Role	From this org	From related orgs	Other	Total
HEAD OF SCHOOL Director/trustee, officer, 40.00 hrs/week	$861,336	$0	$34,948	$896,284
ASSOC. HEAD OF SCHOOL/CFO Officer, 40.00 hrs/week	$498,725	$0	$34,948	$533,673
HEAD OF DOWNTOWN SCHOOL Officer, 40.00 hrs/week	$305,962	$0	$42,204	$348,166
UPPER SCHOOL DIRECTOR Key employee, 40.00 hrs/week	$291,381	$0	$37,097	$328,478
DIRECTOR OF DEVELOPMENT Key employee, 40.00 hrs/week	$252,461	$0	$41,868	$294,329
MIDDLE SCHOOL DIRECTOR Key employee, 40.00 hrs/week	$224,727	$0	$26,440	$251,167
DIRECTOR OF EXPERIENTIAL EDUCATION Highest compensated employee, 40.00 hrs/week	$202,696	$0	$36,652	$239,348
DIRECTOR OF ADMISSIONS Highest compensated employee, 40.00 hrs/week	$212,409	$0	$25,634	$238,043

112 people received more than $100,000 in reportable compensation from Lakeside School (Part VII, line 2). Compensation of current officers, directors and key employees totaled $2.8M (Part IX, line 5).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked

RevenueExpenses

Filing	Revenue	Expenses	Programs	Net assets	Top pay
FY2025 ⓘ	$125M	$63M	82.4%	$542M	$896,284
FY2024 ⓘ	$77M	$59M	82.4%	$455M	$859,417
FY2023 ⓘ	$79M	$55M	81.8%	$407M	$446,462
FY2022 ⓘ	$65M	$52M	83.0%	$358M	$786,406
FY2021 ⓘ	$56M	$49M	83.0%	$392M	$758,138
FY2020 ⓘ	$55M	$46M	82.6%	$317M	$759,408

Governance answers, as filed

FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means

Voting board members, and how many are independent Part VI, lines 1a–1b20 · 19 independent
Audited financial statements Part XII 2bYes
Conflict-of-interest policy Part VI 12aYes
Whistleblower policy Part VI 13Yes
Document retention policy Part VI 14Yes
Independent process for top executive pay Part VI 15aYes
Board given the 990 before filing Part VI 11aNo
Family or business ties among insiders Part VI 2No
Aware of a significant diversion of assets Part VI 5No
Excess benefit transaction with an insider Part IV 25aNo
Loans to or from insiders outstanding Part IV 26No
Lobbying, or a 501(h) election in effect Part IV 4No
Over $15,000 of professional fundraising services Part IV 18Yes
Over $10,000 of activity outside the U.S. Part IV 14bYes
Employees Part I, line 5559
Volunteers Part I, line 6220

Largest outside contractors

FY2025 · Form 990, Part VII, Section B · businesses only

BNBUILDERS INC Construction services	$4,602,205
LMN ARCHITECTS LLP Architectural services	$2,885,196
KNOWING TECHNOLOGIES LLC Technology services	$726,471
SENECA GROUP Building project management services	$386,044
SAGE DINING SERVICES INC Food services	$369,147

Individuals listed as contractors are left out. 21 contractors were paid more than $100,000 in all.

Private foundation grants it received

21 private foundations reported grants to Lakeside School totaling $15M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.

Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.

Correct a figure or respond

Every number above is copied from Lakeside School's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Lakeside School, you can publish a response that is linked from this page.

Report a correction Respond as Lakeside School How this works

Similar-sized charities in this cause

Charleston Southern University
Charleston, SC · revenue $125M · programs 91.6% · FY2025
University of Toledo Physicians Clinical Faculty
Toledo, OH · revenue $126M · programs 94.2% · FY2025
Washington State University Foundation
Pullman, WA · revenue $125M · programs 75.0% · FY2025
Saint Peter's University
Jersey City, NJ · revenue $126M · programs 81.5% · FY2025
Alfred University
Alfred, NY · revenue $125M · programs 88.4% · FY2025

All education charities · Largest charities in Washington

Questions people ask

How much of Lakeside School's spending goes to programs?

In the fiscal year ending June 30, 2025, Lakeside School reported that 82.4% of its $62.7 million in expenses went to program services, 15.0% to management and general and 2.6% to fundraising (Form 990, Part IX).

How much does Lakeside School pay its top executive?

The largest total compensation Lakeside School reported for one person in the fiscal year ending June 30, 2025 was $896,284, for the role of HEAD OF SCHOOL (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Lakeside School get its money?

Of $125.3 million in revenue in the fiscal year ending June 30, 2025, 52.1% came from contributions and grants and 36.2% from program service revenue (Form 990, Part VIII).

Is Lakeside School a registered charity?

The IRS lists EIN 91-0564971 as a 501(c)(3) organization (school), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202513189349314466 · read the filing · XML
FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202403179349309105 · read the filing
FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202323129349302582 · read the filing
FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202340239349301419 · read the filing
FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202103169349305425 · read the filing
FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202013189349310216 · read the filing

All filings for EIN 91-0564971: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.