Civic Intelligence

Catalyst Public Schools

990 • Fiscal year 2022 • EIN 83-2652050

Sep 01, 2021 to Aug 31, 2022 • Filed on Jun 07, 2023

1305 Ironside AveBremerton, WA 98310

(360) 207-0229

Siviq Scores

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

Liabilities / Assets

90th percentile

0.87x

Higher debt load relative to assets than 90% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Liabilities / Revenue

86th percentile

1.66x

Higher debt load relative to revenue than 86% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Net Margin

36th percentile

1.4%

Higher net margin than 36% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Top Officer Pay

57th percentile

$195,781

Higher top officer pay than 57% of similar nonprofits.

Top officer pay equals 3.6% of source-year revenue.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Asset Growth

93rd percentile

70%

Faster asset growth than 93% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Revenue Growth

93rd percentile

116%

Faster revenue growth than 93% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Assets

Up

$10,404,641

Up $4,293,376 (+70%) from 2021

Net Assets

Down

$1,370,036

Down $20,046 (-1.4%) from 2021

Liabilities

Up

$9,034,605

Up $4,313,422 (+91%) from 2021

Revenue

Up

$5,431,022

Up $2,916,058 (+116%) from 2021

Expenses

Up

$5,354,068

Up $2,947,929 (+123%) from 2021

Net Income

Down

$76,954

Down $31,871 (-29%) from 2021

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2019: $928,611Liabilities 2019: $10,627Net Assets 2019: $917,9842019Assets 2020: $5,419,487Liabilities 2020: $4,138,230Net Assets 2020: $1,281,2572020Assets 2021: $6,111,265Liabilities 2021: $4,721,183Net Assets 2021: $1,390,0822021Assets 2022: $10,404,641Liabilities 2022: $9,034,605Net Assets 2022: $1,370,0362022Assets 2023: $12,357,499Liabilities 2023: $9,767,726Net Assets 2023: $2,589,7732023Assets 2024: $13,011,983Liabilities 2024: $9,616,541Net Assets 2024: $3,395,4422024

Highlighted filing

2022

Assets$10,404,641
Liabilities$9,034,605
Net Assets$1,370,036

Operations Trend

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

$10M$5.0M$0Revenue 2019: $1,088,076Expenses 2019: $170,092Net Income 2019: $917,9842019Revenue 2020: $2,185,722Expenses 2020: $1,822,449Net Income 2020: $363,2732020Revenue 2021: $2,514,964Expenses 2021: $2,406,139Net Income 2021: $108,8252021Revenue 2022: $5,431,022Expenses 2022: $5,354,068Net Income 2022: $76,9542022Revenue 2023: $7,850,165Expenses 2023: $6,630,428Net Income 2023: $1,219,7372023Revenue 2024: $9,071,576Expenses 2024: $8,265,907Net Income 2024: $805,6692024

Highlighted filing

2022

Revenue$5,431,022
Expenses$5,354,068
Net Income$76,954
Jump To
Filing Snapshot
Filing Period
Sep 1, 2021 to Aug 31, 2022
Signed
Jun 7, 2023
Return Version
2021v4.2
Gross Receipts
$5,431,022
Mission and Program Overview

Mission

Catalyst will create a school culture that allows scholars and staff to live lives aligned with their passions and purpose in life and prepare our scholars to be leaders and change-makers.

Catalyst Public School is a tuition-free public school offering a school environment that prepares our scholars to be leaders and change-makers.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,447,580$8,178,951▲ $3,731,371
Cash and Non-Interest-Bearing Accounts$1,537,810$1,233,505▼ $304,305
Prepaid Expenses and Deferred Charges$205,891$233,349▲ $27,458
Accounts Receivable$90,437$45,283▼ $45,154
Total Assets$6,281,718$10,404,641▲ $4,122,923
Other Assets Total$0$713,553▲ $713,553
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,487,026$7,280,179▲ $2,793,153
Accounts Payable and Accrued Expenses$360,313$879,040▲ $518,727
Other Liabilities$0$869,897▲ $869,897
Deferred Revenue-$5,489-
Total Liabilities$4,847,339$9,034,605▲ $4,187,266
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,378,483$998,181▼ $380,302
Net Assets With Donor Restrictions$55,896$371,855▲ $315,959
Total Net Assets Fund Balance$1,434,379$1,370,036▼ $64,343
Total Liabilities and Net Assets / Fund Balance$6,281,718$10,404,641▲ $4,122,923

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$7,577,788$411,348$7,989,136
Equipment$385,920$20,949$406,869
Leasehold Improvements$215,243$11,684$226,927
Other Assets Org$713,553--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Amanda GardnerCo-FounderFT$160,000$35,781$195,781
Tatiana EpanchinCo-FounderFT$160,000$35,696$195,696
Dustin ChurchDirector of OperationsFT$110,000$25,589$135,589

Board Members and Trustees

NameTitle
Julie KennedyPresident
Amy KiyotaVice President/Secretary
Jeffery FloodDirector
Ken RileyDirector
Shaylynn HoustonDirector
TyKera WilliamsDirector
Blake Di Marco HerreraTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,530,590
Program Service Revenue
$3,897,088
Investment Income
$3,344
Other Revenue
$0
All Other Contributions
$622,473
Change in Net Assets
$76,954

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,431,022
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$5,431,022
Total Revenue per Form 990
$5,431,022
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,319,705
Other Expenses$2,034,363
Total Fundraising Expense$16,506
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,818,974$202,108-$2,021,082
Other Employee Benefits$381,858$42,429-$424,287
Fees for Services Other$362,717$40,302-$403,019
Pension Plan Contributions$347,478$38,609-$386,087
Current Officers, Directors, Trustees, and Key Employees$264,095$49,518$16,506$330,119
Interest$243,745$27,083-$270,828
Depreciation Depletion$202,199$22,467-$224,666
Occupancy$200,963$22,329-$223,292
Payroll Taxes$142,317$15,813-$158,130
Office Expenses$113,081$12,565-$125,646
Fees for Services Accounting$104,065$11,563-$115,628
Information Technology$83,207$9,245-$92,452
Travel$48,361$5,373-$53,734
Fees for Services Legal$26,996$2,999-$29,995
Advertising$23,925$2,658-$26,583
Insurance$23,350$2,594-$25,944
Other Expenses$6,907$768-$7,675
All Other Expenses$1,851$205-$2,056
Conferences and Meetings$105$12-$117
Total Functional Expenses$4,785,649$551,913$16,506$5,354,068

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$5,354,068
Total Expenses per Audited Statements$5,354,068
Total Expenses per Form 990$5,354,068
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Net Pension Liability$869,897
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Other officer compensation reviewed
Yes
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 B, line 11B

Board members will receive a copy for review 48 hours prior to filing with the IRS.

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

Board members complete and file personal financial disclosure forms annually.

Form 990, Part VI, Section B, line 15

Board members review and approve compensation for the Co-Founders, Officers, and Key Employees.

Form 990, Part VI, Section C, line 19

Governing documents are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Catalyst Public Schools
EIN
83-2652050
Phone
3602070229
Address
1305 Ironside Ave, Bremerton, WA 98310

Signing Officer

Name
Amanda Gardner
Title
Co-Founder
Phone
3602070229
Signed
2023-06-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Amanda Gardner
Formed
2019
Legal Domicile
Wa
Voting Board Members
8
Independent Board Members
8
Employees
47
Volunteers
0

Preparer

Firm
Hingston Miller Hingston PLLC
Address
20700 44th Ave W 210, Lynnwood, WA 98036
Preparer
David Hingston
Phone
2062852777
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C:

This process has not changed from the prior year.

Financial Statement Notes

Part X, Line 2:

The accounting standard on accounting for uncertainty in income taxes addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under that guidance, the School may recognize tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than 50 percent likelihood of being realized upon ultimate settlement. There were no unrecognized tax benefits identified or recorded as liabilities for fiscal year 2022. The School files a Form 990 in the U.S. federal jurisdiction.

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IRS990/OtherExpensesGrp/Desc0Supplies & Materials
IRS990/OtherExpensesGrp/Desc1Oversight Fee
IRS990/OtherExpensesGrp/Desc2Staff Development
IRS990/OtherExpensesGrp/Desc3Dues & Subs
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt025023
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt112365
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt25885
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt3768
IRS990/OtherExpensesGrp/ProgramServicesAmt0225211
IRS990/OtherExpensesGrp/ProgramServicesAmt1111281
IRS990/OtherExpensesGrp/ProgramServicesAmt252963
IRS990/OtherExpensesGrp/ProgramServicesAmt36907
IRS990/OtherExpensesGrp/TotalAmt0250234
IRS990/OtherExpensesGrp/TotalAmt1123646
IRS990/OtherExpensesGrp/TotalAmt258848
IRS990/OtherExpensesGrp/TotalAmt37675
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt0869897
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0202108
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01818974
IRS990/OtherSalariesAndWagesGrp/TotalAmt02021082
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt015813
IRS990/PayrollTaxesGrp/ProgramServicesAmt0142317
IRS990/PayrollTaxesGrp/TotalAmt0158130
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt038609
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0347478
IRS990/PensionPlanContributionsGrp/TotalAmt0386087
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0205891
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0233349
IRS990/PrincipalOfficerNm0Amanda Gardner
IRS990/PriorPeriodAdjustmentsAmt0-141297
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/BusinessCd1611600
IRS990/ProgramServiceRevenueGrp/Desc0State Appropriation
IRS990/ProgramServiceRevenueGrp/Desc1School Food Services
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt03692806
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1204282
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt03692806
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1204282
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01063709
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01890
IRS990/PYOtherExpensesAmt02389640
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt01477163
IRS990/PYRevenuesLessExpensesAmt0153122
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt02389640
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02542762
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt076954
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt03897088
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt07577788
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0411348
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt07989136
IRS990ScheduleD/EquipmentGrp/BookValueAmt0385920
IRS990ScheduleD/EquipmentGrp/DepreciationAmt020949
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0406869
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt05354068
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0215243
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt011684
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0226927
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0713553
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Net Pension Asset
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0869897
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Net Pension Liability
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt05431022
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The accounting standard on accounting for uncertainty in income taxes addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under that guidance, the School may recognize tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than 50 percent likelihood of being realized upon ultimate settlement. There were no unrecognized tax benefits identified or recorded as liabilities for fiscal year 2022. The School files a Form 990 in the U.S. federal jurisdiction.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt08178951
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0713553
IRS990ScheduleD/TotalExpensesPerForm990Amt05354068
IRS990ScheduleD/TotalLiabilityAmt0869897
IRS990ScheduleD/TotalRevenuePerForm990Amt05431022
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05431022
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt05354068
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0Non-discrimination statement displayed prominently on homepage of website.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1Catalyst is a public school and receives local, state, and federal funds from government institutions.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Part I, Line 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Part I, Line 6
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0160000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1160000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00

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