Civic Intelligence

Evergreen School

EIN 91-0756462 • 501(c)3 • Shoreline, WA

Profile

Evergreen school inspires & empowers highly capable, creative learners from preschool to 8th grade to lead with curiosity, compassion and courage in an ever changing global community.

15201 Meridian Ave NShoreline, WA 98133

www.evergreenschool.org

Siviq Scores

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

Liabilities / Assets

60th percentile

0.38x

Higher debt load relative to assets than 60% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2025

Liabilities / Revenue

76th percentile

1.23x

Higher debt load relative to revenue than 76% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2025

Net Margin

84th percentile

31%

Higher net margin than 84% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2025

Top Officer Pay

44th percentile

$446,865

Higher top officer pay than 44% of similar nonprofits.

Top officer pay equals 1.4% of source-year revenue.

501(c)3 • $100M-$250M nonprofits • Source year 2025

Asset Growth

97th percentile

77%

Faster asset growth than 97% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2024 to 2025

Revenue Growth

87th percentile

41%

Faster revenue growth than 87% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2024 to 2025

Assets

Up

$106,942,603

Up $46,692,779 (+77%) from 2024

Liabilities

Up

$40,262,199

Up $34,378,499 (+584%) from 2024

Net Assets

Up

$66,680,404

Up $12,314,280 (+23%) from 2024

Revenue

Up

$32,661,087

Up $9,550,991 (+41%) from 2024

Expenses

Up

$22,549,973

Up $2,437,105 (+12%) from 2024

Net Income

Up

$10,111,114

Up $7,113,886 (+237%) from 2024

Trend Graphs

Balance Sheet Trend

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

$150M$100M$50M$0Assets 2011: $24,287,573Liabilities 2011: $10,381,407Net Assets 2011: $13,906,1662011Assets 2012: $23,528,883Liabilities 2012: $9,385,668Net Assets 2012: $14,143,2152012Assets 2013: $25,304,321Liabilities 2013: $8,887,473Net Assets 2013: $16,416,8482013Assets 2014: $35,049,072Liabilities 2014: $9,346,562Net Assets 2014: $25,702,5102014Assets 2015: $37,487,370Liabilities 2015: $9,531,185Net Assets 2015: $27,956,1852015Assets 2016: $39,681,840Liabilities 2016: $8,697,628Net Assets 2016: $30,984,2122016Assets 2017: $47,162,925Liabilities 2017: $8,581,715Net Assets 2017: $38,581,2102017Assets 2018: $48,282,597Liabilities 2018: $8,148,801Net Assets 2018: $40,133,7962018Assets 2019: $48,742,181Liabilities 2019: $7,835,308Net Assets 2019: $40,906,8732019Assets 2020: $48,041,273Liabilities 2020: $6,944,964Net Assets 2020: $41,096,3092020Assets 2021: $55,857,454Liabilities 2021: $7,630,494Net Assets 2021: $48,226,9602021Assets 2022: $54,109,732Liabilities 2022: $7,610,099Net Assets 2022: $46,499,6332022Assets 2023: $55,884,843Liabilities 2023: $6,339,717Net Assets 2023: $49,545,1262023Assets 2024: $60,249,824Liabilities 2024: $5,883,700Net Assets 2024: $54,366,1242024Assets 2025: $106,942,603Liabilities 2025: $40,262,199Net Assets 2025: $66,680,4042025

Highlighted filing

2025

Assets$106,942,603
Liabilities$40,262,199
Net Assets$66,680,404

Operations Trend

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

$40M$30M$20M$10M$0Expenses 2011: $8,937,8482011Expenses 2012: $9,680,1102012Expenses 2013: $10,107,2382013Revenue 2014: $18,258,854Expenses 2014: $10,517,542Net Income 2014: $7,741,3122014Revenue 2015: $15,882,450Expenses 2015: $11,047,591Net Income 2015: $4,834,8592015Revenue 2016: $15,861,641Expenses 2016: $12,538,540Net Income 2016: $3,323,1012016Revenue 2017: $19,845,823Expenses 2017: $13,302,268Net Income 2017: $6,543,5552017Revenue 2018: $15,033,529Expenses 2018: $13,760,309Net Income 2018: $1,273,2202018Revenue 2019: $15,795,054Expenses 2019: $14,627,192Net Income 2019: $1,167,8622019Revenue 2020: $16,734,805Expenses 2020: $15,059,156Net Income 2020: $1,675,6492020Revenue 2021: $20,702,712Expenses 2021: $15,491,040Net Income 2021: $5,211,6722021Revenue 2022: $18,688,724Expenses 2022: $16,694,125Net Income 2022: $1,994,5992022Revenue 2023: $19,673,241Expenses 2023: $18,642,409Net Income 2023: $1,030,8322023Revenue 2024: $23,110,096Expenses 2024: $20,112,868Net Income 2024: $2,997,2282024Revenue 2025: $32,661,087Expenses 2025: $22,549,973Net Income 2025: $10,111,1142025

Highlighted filing

2025

Revenue$32,661,087
Expenses$22,549,973
Net Income$10,111,114

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$107$40.3$66.7$32.7$22.5$10.1
2024Summary only. Only limited summary data is available for this year.$60.2$5.88$54.4$23.1$20.1$3.00
2023Summary only. Only limited summary data is available for this year.$55.9$6.34$49.5$19.7$18.6$1.03
2022Summary only. Only limited summary data is available for this year.$54.1$7.61$46.5$18.7$16.7$1.99
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$55.9$7.63$48.2$20.7$15.5$5.21
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$48.0$6.94$41.1$16.7$15.1$1.68
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$48.7$7.84$40.9$15.8$14.6$1.17
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$48.3$8.15$40.1$15.0$13.8$1.27
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$47.2$8.58$38.6$19.8$13.3$6.54
2016Detailed filing. Detailed filing data is available for this year.$39.7$8.70$31.0$15.9$12.5$3.32
2015Detailed filing. Detailed filing data is available for this year.$37.5$9.53$28.0$15.9$11.0$4.83
2014Detailed filing. Detailed filing data is available for this year.$35.0$9.35$25.7$18.3$10.5$7.74
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$25.3$8.89$16.4$10.1
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$23.5$9.39$14.1$9.68
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$24.3$10.4$13.9$8.94
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Dec 17, 2025
Return Version
2024v5.2
Gross Receipts
$37,864,555
Mission and Program Overview

Mission

We inspire highly capable, creative learners to lead with curiosity, compassion, and courage in a diverse and dynamic world.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$25,905,094$44,533,008▲ $18,627,914
Savings and Temporary Cash Investments$4,290,341$28,411,732▲ $24,121,391
Land, Buildings, and Equipment, Net$24,908,054$26,730,552▲ $1,822,498
Pledges and Grants Receivable$277,729$3,947,906▲ $3,670,177
Investments Other Securities$1,658,114$1,555,471▼ $102,643
Cash and Non-Interest-Bearing Accounts$2,987,925$847,169▼ $2,140,756
Intangible Assets$25,158$597,089▲ $571,931
Accounts Receivable$87,117$161,018▲ $73,901
Prepaid Expenses and Deferred Charges$110,292$158,658▲ $48,366
Total Assets$60,249,824$106,942,603▲ $46,692,779
Liabilities
Tax Exempt Bond Liabilities$2,540,000$35,011,801▲ $32,471,801
Accounts Payable and Accrued Expenses$1,516,536$2,722,496▲ $1,205,960
Deferred Revenue$1,827,164$2,527,902▲ $700,738
Total Liabilities$5,883,700$40,262,199▲ $34,378,499
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$33,732,021$34,982,921▲ $1,250,900
Net Assets With Donor Restrictions$20,634,103$31,697,483▲ $11,063,380
Total Net Assets Fund Balance$54,366,124$66,680,404▲ $12,314,280
Total Liabilities and Net Assets / Fund Balance$60,249,824$106,942,603▲ $46,692,779

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$17,678,401$11,068,391$28,746,792
Other Land Buildings$4,872,172-$4,872,172
Land$3,666,100-$3,666,100
Equipment$513,879$1,569,410$2,083,289

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$23,098,808$128,604▲ $5,388,000$2,017,165$26,598,247
2023$23,567,473$105,464▲ $2,425,871$3,000,000$23,098,808
2022$22,291,209$91,448▲ $1,981,202$796,386$23,567,473
2021$25,384,585$115,089▼ $2,209,793$998,672$22,291,209
2020$19,451,252$176,205▲ $5,757,128-$25,384,585
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
William Halsey BellHead of SchoolFT$375,626$71,239$446,865
Long PhanAssociate Head of SchoolFT$193,477$23,424$216,901
Duncan LinnCFOFT$189,216$21,611$210,827
Catherine GorrissenDirector of AdvancementFT$170,394$21,795$192,189
John ZapataUpper Division HeadFT$157,620$11,608$169,228
Michelle HarrisonPrimary Division HeadFT$145,290$20,072$165,362
John McleanDirector of AdmissionFT$138,999$19,995$158,994

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Community Counselling Service Co LLCCampaign Fundraising Service527 MADISON AVENUE 5TH FL, New York, NY 10022$414,422
Revenue and Support

Revenue Composition

Contributions and Grants
$10,595,838
Program Service Revenue
$21,863,452
Investment Income
$74,807
Other Revenue
$126,990
All Other Contributions
$10,407,569
Change in Net Assets
$10,111,114

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
Securities Publicly Traded15$3,407,748Fair Market Value (FMV) Donation Date
Securities Miscellaneous5$80,157Fair Market Value (FMV) Donation Date
Total Noncash Contributions20$3,487,905-

Audited Revenue Reconciliation

Revenue per Audited Statements
$30,588,677
Revenue Not Reported on Financial Statements
$2,072,410
Revenue Not Reported on Form 990
$2,203,757
Other Revenue Adjustments
$2,024,523
Total Revenue per Audited Statements
$32,792,434
Total Revenue per Form 990
$32,661,087
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$14,467,916
Other Expenses$5,814,834
Grants and Similar Amounts Paid$2,024,523
Total Fundraising Expense$775,132
Professional Fundraising Fees$242,700

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$8,284,929$2,216,679$324,791$10,826,399
Grants to Domestic Individuals$2,024,523--$2,024,523
Other Employee Benefits$1,110,940$297,238$43,552$1,451,730
Depreciation Depletion$982,770$74,776$10,682$1,068,228
Occupancy$844,568$64,261$9,180$918,009
Fees for Services Other$285,295$622,774-$908,069
Payroll Taxes$683,291$182,818$26,787$892,896
Current Officers, Directors, Trustees, and Key Employees$528,648$146,073$20,868$695,589
Pension Plan Contributions$460,148$123,115$18,039$601,302
Interest$473,230$36,007$5,144$514,381
Information Technology$60,742$300,551$28,347$389,640
Fees for Services Professional Fundraising--$242,700$242,700
Office Expenses$33,733$166,909$15,742$216,384
Insurance$163,351$12,429$1,776$177,556
Other Expenses$13,645$67,512$6,367$87,524
Fees for Service Investment Mgmnt Fees-$47,887-$47,887
Fees for Services Accounting$11,345$32,228$2,192$45,765
Fees for Services Legal$3,750$10,652$724$15,126
Total Functional Expenses$17,170,855$4,603,986$775,132$22,549,973

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$22,549,973
Total Expenses per Audited Statements$20,478,154
Expenses per Audited Statements$20,477,563
Expenses Not Reported on Financial Statements$2,072,410
Other Expense Adjustments$2,024,523
Expenses Not Reported on Form 990$591
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$242,700
Fundraising Direct Expenses$179,295
Fundraising Gross Income$179,295

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Spring Benefit$367,564$179,295$24,328$154,967
Total Events$367,564$179,295$179,295$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Bond Issues

BondIssuerIssuedIssue PricePurpose
AWashington State Housing Finance Co2025-03-13$25,885,000Early childhood education center construction
DWashington State Housing Finance Co2025-03-13$3,815,000Early childhood education center construction
AWashington State Housing Finance Co2025-03-13$2,095,000Early childhood education center construction
BWashington State Housing Finance Co2025-03-13$2,095,000Early childhood education center construction
CWashington State Housing Finance Co2025-03-13$1,875,000Early childhood education center construction

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$25,885,000--$454,689
D$3,815,000--$67,013
A$2,095,000--$36,800
B$2,095,000--$36,800
C$1,875,000--$32,936

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
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
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
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 4

Articles were amended in 2020 to change the organization's name to "the evergreen school" from "evergreen school." a copy of the amended articles of incorporation and proof of filing with washington state have been attached to this form 990.

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

The complete form 990 draft is reviewed by the evergreen school controller, the cfo, and an independent cpa firm, and the second draft is reviewed by the finance committee chair. Following the review process, the head of school signs the final form 990. The public disclosure copy of the form 990 is distributed to the evergreen school board of directors before filing with the irs.

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

The board members, officers and key employees complete a conflict of interest survey once a year. The cfo reviews the surveys to determine if there are any possible conflicts. Any conflicts found would be disclosed to the head of school and the chair of the board who would evaluate it. In the event of a conflict of interest, a trustee has a duty to (i) disclose the conflict to other members of the board or committee, (ii) refrain from engaging in the discussion or action under consideration, and (iii) recuse himself or herself from any vote on the action before the board or committee.

Form 990, Part VI, Section B, Line 15A

The board reviews the head of school's compensation annually using northwest association of independent schools (nwais), national association of independent schools, (nais), and local, regional and national salary surveys as compensation guidelines. The head of school's compensation was last reviewed in june 2024.

Form 990, Part VI, Section C, Line 19

The school makes their governing documents, conflict of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
The Evergreen School
EIN
91-0756462
Phone
2069571526
Address
15201 MERIDIAN AVE N, SHORELINE, WA 98133

Signing Officer

Name
William Halsey Bell
Title
Head of School
Phone
2069571526
Signed
2025-12-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William Halsey Bell
Formed
1963
Legal Domicile
Wa
Voting Board Members
25
Independent Board Members
25
Employees
243
Volunteers
150

Preparer

Firm
Greenwood Ohlund Ps
Address
4241 21ST AVE W SUITE 400, SEATTLE, WA 98199
Preparer
Eric L Kimpton
Phone
2067821767
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

BAD DEBT: -591.

Financial Statement Notes

PART V, LINE 4:

The earnings from endowment funds support undesignated professional development, stewardship of campus assets, outreach and enrichment, and financial aid programs.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Financial aid to page 10, part ix, line 2: 2,024,523.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Bad debt to page 12, part xi, line 9: 591.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Financial aid to page 10, part ix, line 2: 2,024,523.

Raw XML AppendixShowing 400 of 1,149 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
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IRS990/ActivitiesConductedPrtshpInd00
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IRS990/BooksInCareOfDetail/USAddress/ZIPCd098133
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IRS990/EngagedInExcessBenefitTransInd00
IRS990/EscrowAccountInd00
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IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
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IRS990/ForeignActivitiesInd00
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