Civic Intelligence

Seattle Nativity School

990 • Fiscal year 2022 • EIN 45-3088244

Jul 01, 2021 to Jun 30, 2022 • Filed on May 04, 2023

4200 S Mead StreetSeattle, WA 98118

(206) 494-4708

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

33rd percentile

0.01x

Higher debt load relative to assets than 33% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

29th percentile

0.02x

Higher debt load relative to revenue than 29% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

92nd percentile

59%

Higher net margin than 92% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

95th percentile

113%

Faster asset growth than 95% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

93rd percentile

129%

Faster revenue growth than 93% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Up

$4,822,048

Up $2,560,919 (+113%) from 2021

Net Assets

Up

$4,754,858

Up $2,546,252 (+115%) from 2021

Liabilities

Up

$67,190

Up $14,667 (+28%) from 2021

Revenue

Up

$4,321,810

Up $2,438,399 (+129%) from 2021

Expenses

Up

$1,775,558

Up $289,892 (+20%) from 2021

Net Income

Up

$2,546,252

Up $2,148,507 (+540%) from 2021

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0Assets 2013: $1,572,638Liabilities 2013: $5,835Net Assets 2013: $1,566,8032013Assets 2014: $2,161,923Liabilities 2014: $151,104Net Assets 2014: $2,010,8192014Assets 2015: $2,156,260Liabilities 2015: $40,819Net Assets 2015: $2,115,4412015Assets 2016: $2,141,565Liabilities 2016: $33,235Net Assets 2016: $2,108,3302016Assets 2017: $2,418,793Liabilities 2017: $20,152Net Assets 2017: $2,398,6412017Assets 2018: $2,296,151Liabilities 2018: $35,339Net Assets 2018: $2,260,8122018Assets 2019: $2,093,107Liabilities 2019: $58,078Net Assets 2019: $2,035,0292019Assets 2020: $2,006,342Liabilities 2020: $195,481Net Assets 2020: $1,810,8612020Assets 2021: $2,261,129Liabilities 2021: $52,523Net Assets 2021: $2,208,6062021Assets 2022: $4,822,048Liabilities 2022: $67,190Net Assets 2022: $4,754,8582022Assets 2023: $5,171,149Liabilities 2023: $103,044Net Assets 2023: $5,068,1052023

Highlighted filing

2022

Assets$4,822,048
Liabilities$67,190
Net Assets$4,754,858

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2013: $1,618,996Expenses 2013: $54,438Net Income 2013: $1,564,5582013Revenue 2014: $860,396Expenses 2014: $437,959Net Income 2014: $422,4372014Revenue 2015: $770,431Expenses 2015: $665,809Net Income 2015: $104,6222015Revenue 2016: $889,267Expenses 2016: $874,305Net Income 2016: $14,9622016Revenue 2017: $1,142,000Expenses 2017: $851,512Net Income 2017: $290,4882017Revenue 2018: $989,926Expenses 2018: $958,393Net Income 2018: $31,5332018Revenue 2019: $900,144Expenses 2019: $1,106,824Net Income 2019: -$206,6802019Revenue 2020: $1,095,184Expenses 2020: $1,265,929Net Income 2020: -$170,7452020Revenue 2021: $1,883,411Expenses 2021: $1,485,666Net Income 2021: $397,7452021Revenue 2022: $4,321,810Expenses 2022: $1,775,558Net Income 2022: $2,546,2522022Revenue 2023: $2,556,430Expenses 2023: $2,209,049Net Income 2023: $347,3812023

Highlighted filing

2022

Revenue$4,321,810
Expenses$1,775,558
Net Income$2,546,252
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 4, 2023
Return Version
2021v4.2
Gross Receipts
$4,346,785
Mission and Program Overview

Mission

The primary mission of the seattle nativity school (sns) is to break the cycle of poverty through education that nourishes souls and ignites leaders for love and service. The mission shall be accomplished through operation of a first-in-class middle school for students from economically disadvantaged backgrounds, operated in accordance with the basic tenets of the roman catholic faith in affiliation with the archdiocese of seattle and endorsed by the oregon province of the society of jesus. Sns is organized exclusively for charitable, religious, educational, and scientific purposes.

Seattle nativity school is a catholic, jesuit-endorsed, science, technology, engineering, and mathematics (stem) middle school seeking to break the cycle of poverty through an education that nourishes souls and ignites leaders for love and service.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$688,675$2,166,238▲ $1,477,563
Pledges and Grants Receivable$804,343$1,869,096▲ $1,064,753
Savings and Temporary Cash Investments$635,729$637,195▲ $1,466
Land, Buildings, and Equipment, Net$111,795$111,159▼ $636
Prepaid Expenses and Deferred Charges$15,587$33,360▲ $17,773
Total Assets$2,261,129$4,822,048▲ $2,560,919
Other Assets Total$5,000$5,000→ $0
Liabilities
Accounts Payable and Accrued Expenses$52,523$67,190▲ $14,667
Total Liabilities$52,523$67,190▲ $14,667
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,890,177$4,367,435▲ $2,477,258
Net Assets With Donor Restrictions$318,429$387,423▲ $68,994
Total Net Assets Fund Balance$2,208,606$4,754,858▲ $2,546,252
Total Liabilities and Net Assets / Fund Balance$2,261,129$4,822,048▲ $2,560,919

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$75,323$264,137$339,460
Equipment$35,836$160,747$196,583

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$318,429$68,994--$387,423
2020$300,000$18,429--$318,429
2019$300,000---$300,000
2018$300,000---$300,000
2017$286,750$13,250--$300,000
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$4,310,997
Program Service Revenue
$21,673
Investment Income
$1,466
Other Revenue
$-12,326
All Other Contributions
$3,878,218
Change in Net Assets
$2,546,252

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded7$159,971Market Price
Other Non Cash Contri Table4$9,600Fair Market Value (FMV)
Total Noncash Contributions11$169,571-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$895,386
Other Expenses$808,672
Total Fundraising Expense$389,571
Professional Fundraising Fees$71,500
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$530,831$142,601$92,006$765,438
Occupancy$138,263$12,290$3,073$153,626
Fees for Services Management$38,300$22,980$15,320$76,600
Fees for Services Professional Fundraising--$71,500$71,500
Payroll Taxes$48,847$13,122$8,466$70,435
Office Expenses$32,164$8,640$5,575$46,379
Other Employee Benefits$30,734$8,256$5,327$44,317
Fees for Services Other$39,800--$39,800
Insurance$22,461$6,034$3,893$32,388
Depreciation Depletion$16,379$4,400$2,839$23,618
Pension Plan Contributions$10,538$2,831$1,827$15,196
Other Expenses$8,066$2,167$1,398$11,631
All Other Expenses$5,904$23$3,305$9,232
Fees for Services Accounting-$7,313-$7,313
Travel$2,274$611$394$3,279
Information Technology$1,188$319$206$1,713
Total Functional Expenses$1,140,572$245,415$389,571$1,775,558
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$71,500
Fundraising Direct Expenses$24,975
Fundraising Gross Income$11,998

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Luncheon$348,942$7,893$5,238$2,655
Game on$95,835$4,105$1,234$2,871
Total Events$444,777$11,998$24,975$-12,977
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 1A

Ex-officio members of the board may attend all board meetings, but shall have no right to vote on any matter before the board and shall not be included in determining the presence or absence of a quorum of the board. The president shall be an ex-officio member of the board. The chair may recommend to the board, the approval of one or more additional individuals to serve as non-voting ex-officio members of the board, for a term to be recommended by the chair. At any one time there may be no more than two (2) ex officio members of the board (in addition to the president). The chair, chair-elect, past chair, president, vice president, treasurer and secretary shall constitute the executive committee of the board of directors. The executive committee shall possess all or such portion of the authority of the board of directors with respect to the management and control of sns and such other powers and duties as may be delegated to it by the board of directors. The executive committee meetings may be called from time to time by the chair on such terms and conditions as are reasonable to further the purpose and objectives of sns. (please note that the vice-president position is currently vacant.

Form 990, Part VI, Section A, Line 2

John mckay and christine mullaney mckay have a familial relationship.

Form 990, Part VI, Section B, Line 11B

Prior to filing, a complete copy of the form 990 is emailed to every member of the board of directors. The board has to approve the draft before it is submitted to irs by the tax accountant.

Form 990, Part VI, Section B, Line 12C

The purpose of the conflict of interest policy is to protect the interests of seattle nativity school ("sns") when it is contemplating entering into a transaction or arrangement that might benefit the private interest of an officer or director of sns or might result in a possible excess benefit transaction. An interested person is defined as "any director, principal officer, or member of a committee with governing board delegated powers, who has a direct or indirect financial interest." in connection with any actual or possible conflict of interest, an interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors and members of committees with governing board delegated powers considering the proposed transaction or arrangement. The sns conflict of interest policy is distributed on a yearly basis.

Form 990, Part VI, Section C, Line 19

Sns does not currently make governing documents, conflict of interest policy, and financial statements available to the general public.

Filing and Contact Details

Filer

Filer Name
Seattle Nativity School
EIN
45-3088244
Phone
2064944708
Address
4200 S MEAD STREET, SEATTLE, WA 98118

Signing Officer

Name
Fr Jeff Mcdougall Sj
Title
President
Phone
2064944708
Signed
2023-05-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Fr Jeff Mcdougall Sj
Formed
2012
Legal Domicile
Wa
Voting Board Members
21
Independent Board Members
21
Employees
22
Volunteers
59

Preparer

Firm
Cliftonlarsonallen Llp
Address
10700 NORTHUP WAY SUITE 200, BELLEVUE, WA 98004
Preparer
Allen Gilbert CPA
Phone
4252506100
Supplemental Narrative

Additional Explanations

Form 990, Part III Line 1

The primary mission of the seattle nativity school (sns) is to break the cycle of poverty through education that nourishes souls and ignites leaders for love and service. The mission shall be accomplished through operation of a first-in-class middle school for students from economically disadvantaged backgrounds, operated in accordance with the basic tenets of the roman catholic faith in partnership and as articulated by the archdiocese of seattle and society of jesus. Sns is organized exclusively for charitable, religious, educational, and scientific purposes.

Financial Statement Notes

PART V, LINE 4:

To generate student sponsorship.

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IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
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