Civic Intelligence

Billings Middle School

990 • Fiscal year 2015 • EIN 91-1107067

Jul 01, 2014 to Jun 30, 2015 • Filed on Jan 25, 2016

7217 Woodlawn Avenue NortheastSeattle, WA 98115-5335

(206) 547-4614

Siviq Scores

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

Liabilities / Assets

74th percentile

0.39x

Higher debt load relative to assets than 74% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

77th percentile

0.53x

Higher debt load relative to revenue than 77% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

81st percentile

22%

Higher net margin than 81% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

79th percentile

$127,894

Higher top officer pay than 79% of similar nonprofits.

Top officer pay equals 3.7% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

70th percentile

8.3%

Faster asset growth than 70% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

77th percentile

21%

Faster revenue growth than 77% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Up

$4,709,960

Up $359,589 (+8.3%) from 2014

Net Assets

Up

$2,863,211

Up $769,492 (+37%) from 2014

Liabilities

Down

$1,846,749

Down $409,903 (-18%) from 2014

Revenue

Up

$3,493,670

Up $602,769 (+21%) from 2014

Expenses

Up

$2,724,178

Up $93,508 (+3.6%) from 2014

Net Income

Up

$769,492

Up $509,261 (+196%) from 2014

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2011: $3,997,753Liabilities 2011: $2,601,144Net Assets 2011: $1,396,6092011Assets 2012: $4,238,134Liabilities 2012: $2,540,855Net Assets 2012: $1,697,2792012Assets 2013: $4,200,781Liabilities 2013: $2,367,293Net Assets 2013: $1,833,4882013Assets 2014: $4,350,371Liabilities 2014: $2,256,652Net Assets 2014: $2,093,7192014Assets 2015: $4,709,960Liabilities 2015: $1,846,749Net Assets 2015: $2,863,2112015Assets 2016: $4,682,781Liabilities 2016: $1,876,955Net Assets 2016: $2,805,8262016Assets 2017: $5,026,742Liabilities 2017: $1,839,916Net Assets 2017: $3,186,8262017Assets 2018: $7,293,073Liabilities 2018: $1,093,057Net Assets 2018: $6,200,0162018Assets 2019: $12,979,337Liabilities 2019: $6,080,405Net Assets 2019: $6,898,9322019Assets 2020: $13,150,176Liabilities 2020: $6,562,276Net Assets 2020: $6,587,9002020Assets 2021: $12,935,389Liabilities 2021: $5,939,283Net Assets 2021: $6,996,1062021Assets 2022: $13,093,653Liabilities 2022: $5,445,643Net Assets 2022: $7,648,0102022Assets 2023: $12,594,243Liabilities 2023: $5,403,225Net Assets 2023: $7,191,0182023Assets 2024: $11,594,980Liabilities 2024: $4,661,353Net Assets 2024: $6,933,6272024

Highlighted filing

2015

Assets$4,709,960
Liabilities$1,846,749
Net Assets$2,863,211

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2011: $2,618,9192011Expenses 2012: $2,526,5762012Revenue 2013: $2,805,706Expenses 2013: $2,669,497Net Income 2013: $136,2092013Revenue 2014: $2,890,901Expenses 2014: $2,630,670Net Income 2014: $260,2312014Revenue 2015: $3,493,670Expenses 2015: $2,724,178Net Income 2015: $769,4922015Revenue 2016: $2,809,350Expenses 2016: $2,866,735Net Income 2016: -$57,3852016Revenue 2017: $3,293,483Expenses 2017: $2,912,483Net Income 2017: $381,0002017Revenue 2018: $6,133,144Expenses 2018: $3,119,954Net Income 2018: $3,013,1902018Revenue 2019: $4,104,227Expenses 2019: $3,405,311Net Income 2019: $698,9162019Revenue 2020: $3,677,883Expenses 2020: $3,863,371Net Income 2020: -$185,4882020Revenue 2021: $4,382,521Expenses 2021: $3,972,003Net Income 2021: $410,5182021Revenue 2022: $5,137,864Expenses 2022: $4,739,214Net Income 2022: $398,6502022Revenue 2023: $4,294,045Expenses 2023: $4,876,808Net Income 2023: -$582,7632023Revenue 2024: $3,949,187Expenses 2024: $4,172,428Net Income 2024: -$223,2412024

Highlighted filing

2015

Revenue$3,493,670
Expenses$2,724,178
Net Income$769,492
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Jan 25, 2016
Return Version
2014v6.0
Gross Receipts
$3,774,069
Mission and Program Overview

Mission

Billings middle school is a dynamic academic community intentionally designed to stretch, support, and inspire early adolescent learners. Students develop intellect, creativity, communication and collaboration skills, self-confidence, and an openness to new information.

Billings middle school is a dynamic academic community intentionally designed to stretch, support and inspire early adolescent learners. Each student develops intellect and creativity, powerful communication and collaboration skills, self-confidence and an openness to new information.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,646,031$2,408,740▼ $237,291
Savings and Temporary Cash Investments$1,511,433$1,188,423▼ $323,010
Pledges and Grants Receivable$22,543$504,109▲ $481,566
Investments Program Related$2,772$462,663▲ $459,891
Cash and Non-Interest-Bearing Accounts$53,410$45,003▼ $8,407
Prepaid Expenses and Deferred Charges$32,381$38,845▲ $6,464
Accounts Receivable$9,162$9,619▲ $457
Inventories for Sale or Use$1,257$367▼ $890
Total Assets$4,350,371$4,709,960▲ $359,589
Other Assets Total$71,382$52,191▼ $19,191
Liabilities
Tax Exempt Bond Liabilities$1,073,909$1,007,780▼ $66,129
Deferred Revenue$828,684$672,264▼ $156,420
Mortgage Notes Payable Secured by Investment Property$190,861--
Accounts Payable and Accrued Expenses$163,198$166,705▲ $3,507
Total Liabilities$2,256,652$1,846,749▼ $409,903
Net Assets / Fund Balance
Unrestricted Net Assets$1,751,163$1,838,951▲ $87,788
Permanently Rstr Net Assets$2,300$550,964▲ $548,664
Temporarily Rstr Net Assets$340,256$473,296▲ $133,040
Total Net Assets Fund Balance$2,093,719$2,863,211▲ $769,492
Total Liabilities and Net Assets / Fund Balance$4,350,371$4,709,960▲ $359,589

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,052,383$1,629,741$2,682,124
Land$1,317,619-$1,317,619
Equipment$30,151$440,694$470,845
Leasehold Improvements$8,587$28,574$37,161
Investment Program Related Org$462,663--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$2,772$548,662▲ $18-$551,452
2013$2,653$100▲ $19-$2,772
2012$2,530$100▲ $23-$2,653
2011$2,500-▲ $30-$2,530
2010$2,469-▲ $31-$2,500
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Theodore L KalmusHead of SchoFT$106,875$21,019$127,894
Kristin L KnopfBus. Officer-$78,194$14,146$92,340

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$1,030,610
Program Service Revenue
$2,499,074
Investment Income
$1,171
Other Revenue
$-37,185
All Other Contributions
$844,641
Change in Net Assets
$769,492

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
Other Non Cash Contri Table280$539,908-
Securities Publicly Traded10$205,243AVERAGE DAY'S VALUE
Total Noncash Contributions290$745,151-

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,066,470
Revenue Not Reported on Financial Statements
$427,200
Revenue Not Reported on Form 990
$40,466
Other Revenue Adjustments
$427,200
Total Revenue per Audited Statements
$3,106,936
Total Revenue per Form 990
$3,493,670
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,421,683
Other Expenses$875,295
Grants and Similar Amounts Paid$427,200
Total Fundraising Expense$99,541
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$657,271$244,041$35,802$937,114
Grants to Domestic Individuals$427,200--$427,200
Depreciation Depletion$257,016$13,765$7,174$277,955
Occupancy$203,740$25,693$15,727$245,160
Current Officers, Directors, Trustees, and Key Employees$46,964$171,676$24,894$243,534
Other Employee Benefits$92,244$31,479$4,413$128,136
Travel$82,789$2,330$98$85,217
Payroll Taxes$58,869$21,423$3,715$84,007
Fees for Services Other$24,633$44,103$625$69,361
Office Expenses$25,903$27,910$3,731$57,544
Information Technology$35,726$3,499$2,087$41,312
Pension Plan Contributions$17,286$11,606-$28,892
Insurance$14,688$2,827$511$18,026
Advertising-$11,991$599$12,590
Fees for Services Accounting-$10,280-$10,280
Conferences and Meetings$5,627$3,757$125$9,509
Other Expenses$3,674$3,697$40$7,411
Fees for Services Legal-$1,307-$1,307
Total Functional Expenses$1,993,253$631,384$99,541$2,724,178

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$2,724,178
Total Expenses per Audited Statements$2,337,444
Expenses per Audited Statements$2,296,978
Expenses Not Reported on Financial Statements$427,200
Other Expense Adjustments$427,200
Expenses Not Reported on Form 990$40,466
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$74,539
Fundraising Gross Income$37,354
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Auction$223,323$37,354$53,637$-16,283
Total Events$223,323$37,354$74,539$-37,185
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Brian HannersFamilyEmploymentNo$60,955
Debt and Bond Financing

Bond Issues

BondIssuerIssuedIssue PricePurpose
AWa State Housing Fin Com2010-05-06$1,484,000Refinance real estate loan

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$1,484,000-$476,220$29,680

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
No
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 family members
Yes
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
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, Page 6, Part VI, Line 11B

The board finance committee reviews the form 990. After any necessary changes, the final form 990 without schedule b is posted on the board's home page and an e-mail is sent notifying board members that it is available for their review.

Form 990, Page 6, Part VI, Line 12C

Each year all board members review and sign the conflict of interest policy. Whenever a matter arises in which there may be a conflict of interest the trustees are specifically asked if they have a conflict. If there is a conflict, the impacted trustee(s) disclose the conflict and do not participate in any voting or other decision making related to the conflict.

Form 990, Page 6, Part VI, Line 15A

The board's executive committee gathered salary and benefit data about heads of comparable schools. After reviewing the data the committee approved the compensation for the head of school. The head of school is responsible for all other employee salaries. Salaries at peer schools are reviewed for comparability.

Form 990, Page 6, Part VI, Line 19

The school's governing documents, conflict of interest policy and financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Billings Middle School
EIN
91-1107067
Phone
2065474614
Address
7217 WOODLAWN AVENUE NORTHEAST, SEATTLE, WA 98115-5335

Signing Officer

Name
Anne-evan Williams
Title
Head of School
Phone
2065474614
Signed
2016-01-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Same as C Above
Formed
1980
Legal Domicile
Wa
Voting Board Members
16
Independent Board Members
16
Employees
55
Volunteers
125

Preparer

Firm
Luby and Thomson Pllc
Address
419 OCCIDENTAL AVE S 600, SEATTLE, WA 98104
Preparer
Pamela a Thomson
Phone
2066284991
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Billings middle school is a dynamic academic community intentionally designed to stretch, support and inspire early adolescent learners. Each student develops intellect and creativity, powerful communication and collaboration skills, self-confidence and an openness to new information.

Form 990, Part XI, Line 9

Direct expenses of fundraising event 34,477 net loss on sale of non-inventory assets 1,989 financial aid (contra revenue on fs) -427,200 direct expenses of fundraising event -34,477 net loss on sale of non-inventory assets -1,989 financial aid (contra revenue on fs) 427,200

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 2D

Direct expenses of fundraising event 34,477 net loss on sale of non-inventory assets 1,989

Schedule D, Page 4, Part XI, Line 4B

Financial aid (contra revenue on fs) 427,200

Schedule D, Page 4, Part XII, Line 2D

Direct expenses of fundraising event 34,477 net loss on sale of non-inventory assets 1,989

Schedule D, Page 4, Part XII, Line 4B

Financial aid (contra revenue on fs) 427,200

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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$11.6$4.66$6.93$3.95$4.17$0.22
2023Detailed filing. Detailed filing data is available for this year.$12.6$5.40$7.19$4.29$4.88$0.58
2022Detailed filing. Detailed filing data is available for this year.$13.1$5.45$7.65$5.14$4.74$0.40
2021Detailed filing. Detailed filing data is available for this year.$12.9$5.94$7.00$4.38$3.97$0.41
2020Detailed filing. Detailed filing data is available for this year.$13.2$6.56$6.59$3.68$3.86$0.19
2019Detailed filing. Detailed filing data is available for this year.$13.0$6.08$6.90$4.10$3.41$0.70
2018Detailed filing. Detailed filing data is available for this year.$7.29$1.09$6.20$6.13$3.12$3.01
2017Detailed filing. Detailed filing data is available for this year.$5.03$1.84$3.19$3.29$2.91$0.38
2016Detailed filing. Detailed filing data is available for this year.$4.68$1.88$2.81$2.81$2.87$0.06
2015Detailed filing. Detailed filing data is available for this year.$4.71$1.85$2.86$3.49$2.72$0.77
2014Detailed filing. Detailed filing data is available for this year.$4.35$2.26$2.09$2.89$2.63$0.26
2013Summary only. Only limited summary data is available for this year.$4.20$2.37$1.83$2.81$2.67$0.14
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.24$2.54$1.70$2.53
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.00$2.60$1.40$2.62