Civic Intelligence

The Little School

EIN 91-0698646 • 501(c)3 • Bellevue, WA

Profile

The mission of the little School is to keep alive each child's natural curiosity and enthusiasm for learning, to support balanced social and academic skill development, and to foster community minded, compassionate and intrinsically motivated students.

2812 - 116th Avenue NEBellevue, WA 98004

www.thelittleschool.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

73rd percentile

0.50x

Higher debt load relative to assets than 73% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2025

Liabilities / Revenue

82nd percentile

1.36x

Higher debt load relative to revenue than 82% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2025

Net Margin

49th percentile

3.9%

Higher net margin than 49% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2025

Top Officer Pay

52nd percentile

$269,553

Higher top officer pay than 52% of similar nonprofits.

Top officer pay equals 2.8% of source-year revenue.

501(c)3 • $25M-$50M nonprofits • Source year 2025

Asset Growth

47th percentile

4.3%

Faster asset growth than 47% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2024 to 2025

Revenue Growth

45th percentile

5.9%

Faster revenue growth than 45% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2024 to 2025

Assets

Up

$25,342,173

Up $816,943 (+3.3%) from 2023

Liabilities

Down

$12,922,124

Down $235,258 (-1.8%) from 2023

Net Assets

Up

$12,420,049

Up $1,052,201 (+9.3%) from 2023

Revenue

Up

$9,135,039

Up $1,020,468 (+13%) from 2023

Expenses

Up

$8,564,826

Up $838,654 (+11%) from 2023

Net Income

Up

$570,213

Up $181,814 (+47%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$30M$20M$10M$0Assets 2010: $5,845,725Liabilities 2010: $779,163Net Assets 2010: $5,066,5622010Assets 2011: $5,776,628Liabilities 2011: $624,473Net Assets 2011: $5,152,1552011Assets 2012: $5,942,973Liabilities 2012: $723,223Net Assets 2012: $5,219,7502012Assets 2013: $6,128,823Liabilities 2013: $785,530Net Assets 2013: $5,343,2932013Assets 2014: $6,620,045Liabilities 2014: $804,097Net Assets 2014: $5,815,9482014Assets 2015: $6,627,569Liabilities 2015: $821,606Net Assets 2015: $5,805,9632015Assets 2016: $6,703,122Liabilities 2016: $786,726Net Assets 2016: $5,916,3962016Assets 2017: $7,319,221Liabilities 2017: $889,018Net Assets 2017: $6,430,2032017Assets 2018: $9,097,785Liabilities 2018: $1,753,078Net Assets 2018: $7,344,7072018Assets 2019: $10,280,266Liabilities 2019: $1,389,960Net Assets 2019: $8,890,3062019Assets 2020: $19,722,493Liabilities 2020: $10,179,068Net Assets 2020: $9,543,4252020Assets 2021: $25,974,714Liabilities 2021: $14,736,140Net Assets 2021: $11,238,5742021Assets 2022: $23,923,659Liabilities 2022: $13,222,349Net Assets 2022: $10,701,3102022Assets 2023: $24,525,230Liabilities 2023: $13,157,382Net Assets 2023: $11,367,8482023Assets 2024: $25,342,173Liabilities 2024: $12,922,124Net Assets 2024: $12,420,0492024

Highlighted filing

2024

Assets$25,342,173
Liabilities$12,922,124
Net Assets$12,420,049

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$10M$5.0M$0-$5.0MExpenses 2010: $2,760,2922010Revenue 2011: $2,929,723Expenses 2011: $3,005,859Net Income 2011: -$76,1362011Expenses 2012: $3,070,7992012Expenses 2013: $3,398,4832013Revenue 2014: $3,583,339Expenses 2014: $3,360,141Net Income 2014: $223,1982014Revenue 2015: $3,646,654Expenses 2015: $3,563,790Net Income 2015: $82,8642015Revenue 2016: $3,932,307Expenses 2016: $3,733,093Net Income 2016: $199,2142016Revenue 2017: $4,189,656Expenses 2017: $3,989,179Net Income 2017: $200,4772017Revenue 2018: $5,089,499Expenses 2018: $4,404,113Net Income 2018: $685,3862018Revenue 2019: $6,361,867Expenses 2019: $4,755,068Net Income 2019: $1,606,7992019Revenue 2020: $5,302,677Expenses 2020: $4,567,085Net Income 2020: $735,5922020Revenue 2021: $6,913,219Expenses 2021: $6,126,650Net Income 2021: $786,5692021Revenue 2022: $7,289,743Expenses 2022: $6,768,408Net Income 2022: $521,3352022Revenue 2023: $8,114,571Expenses 2023: $7,726,172Net Income 2023: $388,3992023Revenue 2024: $9,135,039Expenses 2024: $8,564,826Net Income 2024: $570,2132024

Highlighted filing

2024

Revenue$9,135,039
Expenses$8,564,826
Net Income$570,213

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Summary only. Only limited summary data is available for this year.$25.3$12.9$12.4$9.14$8.56$0.57
2023Summary only. Only limited summary data is available for this year.$24.5$13.2$11.4$8.11$7.73$0.39
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$23.9$13.2$10.7$7.29$6.77$0.52
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$26.0$14.7$11.2$6.91$6.13$0.79
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$19.7$10.2$9.54$5.30$4.57$0.74
2019Summary only. Only limited summary data is available for this year.$10.3$1.39$8.89$6.36$4.76$1.61
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.10$1.75$7.34$5.09$4.40$0.69
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.32$0.89$6.43$4.19$3.99$0.20
2016Summary only. Only limited summary data is available for this year.$6.70$0.79$5.92$3.93$3.73$0.20
2015Summary only. Only limited summary data is available for this year.$6.63$0.82$5.81$3.65$3.56$0.08
2014Detailed filing. Detailed filing data is available for this year.$6.62$0.80$5.82$3.58$3.36$0.22
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.13$0.79$5.34$3.40
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.94$0.72$5.22$3.07
2011Summary only. Only limited summary data is available for this year.$5.78$0.62$5.15$2.93$3.01$0.08
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.85$0.78$5.07$2.76
Latest Detailed Filing

The latest 2024 filing currently has summary financial data only. Showing the latest detailed filing from 2021 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Dec 16, 2021
Return Version
2020v4.1
Gross Receipts
$6,976,678
Mission and Program Overview

Mission

The mission of the little school is to keep alive each child's natural curiosity and enthusiasm for learning, to support balanced social and academic skill development, and to foster community minded, compassionate and intrinsically motivated students.

Keep alive each child's natural curiosity to support balanced social and academic skill development, & foster community minded, compassionate, & intrinsically motivated students.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$11,665,090$17,374,907▲ $5,709,817
Investments in Publicly Traded Securities$4,723,123$5,835,318▲ $1,112,195
Cash and Non-Interest-Bearing Accounts$1,133,131$1,674,704▲ $541,573
Savings and Temporary Cash Investments$931,477$0▼ $931,477
Pledges and Grants Receivable$1,086,070$890,137▼ $195,933
Prepaid Expenses and Deferred Charges$70,123$123,926▲ $53,803
Accounts Receivable$113,479$75,722▼ $37,757
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$19,722,493$25,974,714▲ $6,252,221
Other Assets Total$0$0→ $0
Liabilities
Tax Exempt Bond Liabilities$7,525,015$11,996,555▲ $4,471,540
Accounts Payable and Accrued Expenses$1,464,613$1,567,763▲ $103,150
Deferred Revenue$532,356$1,171,822▲ $639,466
Unsecured Notes Loans Payable$657,084$0▼ $657,084
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Other Liabilities$0$0→ $0
Escrow Account Liability$0$0→ $0
Total Liabilities$10,179,068$14,736,140▲ $4,557,072
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$5,399,208$10,307,374▲ $4,908,166
Net Assets With Donor Restrictions$4,144,217$931,200▼ $3,213,017
Total Net Assets Fund Balance$9,543,425$11,238,574▲ $1,695,149
Total Liabilities and Net Assets / Fund Balance$19,722,493$25,974,714▲ $6,252,221

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$16,196,204$4,761,108$20,957,312
Land$945,431-$945,431
Equipment$205,665$495,274$700,939
Leasehold Improvements$27,607$96,798$124,405

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$708,072---$708,072
2019$708,072---$708,072
2018$708,072-▲ $413,376$413,376$708,072
2017$708,072---$708,072
2016$1,850,191-▲ $199,369$1,341,488$708,072
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Julie KalmusHead of SchoolFT$161,500$31,557$193,057
Alice HauschkaAssistant Head of SchoolFT$101,954$17,246$119,200
Nancy GellermanDirector of Fin&ops Through 5/31/21FT$101,334$15,408$116,742

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Bayley ConstructionConstruction8005 SE 28TH ST, Mercer Island, WA 98040$5,544,017
Studio Meng StrazzaraArchitect2001 WESTERN AVE, Seattle, WA 98121$102,068
Revenue and Support

Revenue Composition

Contributions and Grants
$1,540,953
Program Service Revenue
$4,549,631
Investment Income
$169,772
Other Revenue
$652,863
All Other Contributions
$1,227,863
Change in Net Assets
$786,569

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table140$36,236Fair market value
Total Noncash Contributions140$36,236-

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,913,219
Revenue Not Reported on Form 990
$232,679
Total Revenue per Audited Statements
$7,145,898
Total Revenue per Form 990
$6,913,219
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,755,821
Other Expenses$1,728,464
Grants and Similar Amounts Paid$642,365
Total Fundraising Expense$267,190
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,700,771$571,118$168,583$3,440,472
Grants to Domestic Individuals$642,365--$642,365
Depreciation Depletion$494,255--$494,255
Current Officers, Directors, Trustees, and Key Employees$247,549$52,348$15,452$315,349
Occupancy$69,047$189,211$9,907$268,165
Interest$263,581--$263,581
Fees for Services Other$7,757$115,423$34,692$157,872
All Other Expenses$14,631$19,097$8,823$42,551
Fees for Service Investment Mgmnt Fees-$37,861-$37,861
Other Expenses$373$11,377$20,023$31,773
Conferences and Meetings$9,957$6,465$22$16,444
Total Functional Expenses$4,548,080$1,311,380$267,190$6,126,650

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$6,126,650
Total Expenses per Audited Statements$5,450,749
Expenses per Audited Statements$5,446,424
Expenses Not Reported on Financial Statements$680,226
Other Expense Adjustments$642,365
Expenses Not Reported on Form 990$4,325
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$19,242
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Auction$313,090-$16,374-
Total Events$313,090-$19,242$-19,242
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Bond Issues

BondIssuerIssuedIssue PricePurpose
AWashington State Housing Finance Commission2019-05-31$11,500,000To provide funds for capital impro
AWashington State Housing Finance Commission2019-05-31$3,500,000To provide funds for capital impro

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$11,500,000$0$0$264,983
A$3,500,000$0$0$0

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Exception to rebate
No
Corrective action procedures
Yes
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

Part VI, Section B, Line 11B

THE FORM 990 IS REVIEWED BY THE FINANCE COMMITTEE for approval and a copy is provided to the Board prior to its filing with the IRS.

Part VI, Section B, Line 12C

Board and committee members are required to annually sign a conflict of interest statement. Statements are reviewed by the executive committee of the board. If a conflict is disclosed, the conflicted member will at the least recuse themselves from dicussions pertaining to the conflict.

Part VI, Section B, Line 15 A & B

The Little School participates in the NORTHWEST Association of Independent Schools Stats-online to obtain comparative compensation (benchmarking). The Executive Committee of the Board sets the salary for the head of school in executive session. The Head of school sets salary for other key employees within the framework of the operating budget and compensation reported through stats-online. Stats-online benchmarking has data compiled back to 1980 and is reviewed on an annual basis.

Part VI, Section C, Line 18 & 19

Governing documents, conflict of interest policy, and the form 990 are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
The Little School
EIN
91-0698646
In Care Of
% KINGSTON GOVATI
Phone
4258274609
Address
2812 - 116TH AVENUE NE, BELLEVUE, WA 98004

Signing Officer

Name
Julie Kalmus
Title
Head of School
Phone
4258274609
Signed
2021-12-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Julie Kalmus
Formed
1959
Legal Domicile
Wa
Voting Board Members
17
Independent Board Members
17
Employees
61
Volunteers
39

Preparer

Firm
Bader Martin Ps
Address
1000 2ND AVE 34TH FLOOR, SEATTLE, WA 98104-1022
Preparer
Steven B Bishop
Phone
2066211900
Supplemental Narrative

Financial Statement Notes

Part V, Line 4

ENDOWMENT FUNDS WERE ESTABLISHED FOR SCHOLARSHIPS AND FACULTY DEVELOPMENT. PART X, LINE 2 THE SCHOOL CURRENTLY EVALUATES ITS UNCERTAIN TAX POSITIONS AND A LOSS CONTINGENCY IS RECOGNIZED WHEN IT IS MORE LIKELY THAN NOT THAT A LIABILITY HAS BEEN INCURRED BY THE SCHOOL AS OF THE DATE OF THE FINANCIAL STATEMENTS AND THE AMOUNT CAN BE REASONABLY ESTIMATED. PART XI, LINE 4B Tuition financial aid and extended day financial aid: $642,365 INVESTMENT MANAGEMENT FEES: 37,861 PART XII, LINE 4B Tuition financial aid and extended day financial aid: $642,365 INVESTMENT MANAGEMENT FEES: 37,861

Raw XML AppendixShowing 400 of 821 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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