SOUTH SOUND CHRISTIAN SCHOOLS

EIN: 910719487 501(c)(3)

TACOMA, WA

Total Revenue
$3,078,758
Total Expenses
$4,919,921
Total Assets
$2,396,317
Net Assets
$-5,025,282
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Financial Trends

Organization Details

Formation Year
1960
Legal Domicile
WA
Principal Officer
SEONGBAE KIM
Phone
2534757226
Tax Period
2023-07-01 to 2024-06-30

SOUTH SOUND CHRISTIAN SCHOOLS, founded in 1960, is a community nonprofit that reported $3.1M in total revenue in fiscal year 2023. Revenue decreased 16% compared to the prior year. Expenses of $4.9M exceeded revenue, resulting in a 60% operating deficit.

Mission

TO SUPPORT THE CHRISTIAN HOME AND CHURCH BY PROVIDING A BIBLICALLY-BASED EDUCATION FOR PRE-KINDERGARTEN TO 12TH GRADES THAT CHALLENGES YOUNG LIVES TO GROW IN FAITH, KNOWLEDGE & SKILL SO THAT THEY MAY GLORIFY GOD AND SERVE OTHERS.

Program Service Accomplishments

Program 1
Expenses: $3,556,941 Revenue: $2,864,059

FOUNDED IN 1960, SOUND CHRISTIAN ACADEMY PROVIDES A QUALITY, AFFORDABLE EDUCATION WITH A BIBLICAL WORLD VIEW IN THE CONTEXT OF DISCIPLESHIP AND COMMUNITY. THIS YEAR WE SERVED 308 STUDENTS FROM...

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FOUNDED IN 1960, SOUND CHRISTIAN ACADEMY PROVIDES A QUALITY, AFFORDABLE EDUCATION WITH A BIBLICAL WORLD VIEW IN THE CONTEXT OF DISCIPLESHIP AND COMMUNITY. THIS YEAR WE SERVED 308 STUDENTS FROM PRE-KINDERGARTEN THROUGH 12TH GRADE. TO SUPPORT FAMILIES, WE AIM TO KEEP OUR TUITION LOW RELATIVE TO OTHER PEER INSTITUTIONS. HALF OF OUR STUDENT BODY ALSO RECEIVE SOME FORM OF DISCOUNTED TUITION OR NEED BASED FINANCIAL ASSISTANCE. OUR HIGH SCHOOL STUDENTS PARTICIPATE IN A SPORTS PROGRAM, INCLUDING A BASKETBALL TEAM THAT WENT TO THE STATE CHAMPIONSHIP. UNUSUAL AMONG PRIVATE CHRISTIAN SCHOOLS IN OUR AREA, WE PROVIDE A RANGE OF SERVICES FOR STUDENTS WITH DIAGNOSED LEARNING NEEDS. SINCE OUR FOUNDING AS TACOMA BAPTIST SCHOOLS, THE SCHOOL HAS REFLECTED THE QUALITIES AND DIVERSITY OF THE CITY OF TACOMA. MANY OF OUR FAMILIES ARE NOT WHAT WOULD BE THOUGHT OF AS TRADITIONAL PRIVATE SCHOOL FAMILIES. INSTEAD, THE MAJORITY COME FROM BLUE COLLAR BACKGROUNDS AND WORKING-CLASS FAMILIES WHO WORK HARD AND SACRIFICE MUCH TO PUT THEIR CHILDREN AND GRANDCHILDREN THROUGH PRIVATE SCHOOL BECAUSE THEY PASSIONATELY BELIEVE IN THE MISSION OF THE SCHOOL AND THE COMMUNITY IT OFFERS. WE ARE A GRITTY SCHOOL WITH A CAN-DO ATTITUDE, WITH A STAFF AND STUDENT CULTURE THAT PULLS TOGETHER TO ACCOMPLISH OUR MISSION. THOUSANDS OF STUDENTS HAVE PASSED THROUGH TACOMA BAPTIST SCHOOLS/ SOUND CHRISTIAN ACADEMY. OUR GRADUATES LIVE OUT THEIR CALLING AND VOCATIONS AS MEN AND WOMEN FULFILLING THEIR MANDATE AS GOD'S IMAGE-BEARERS AND ENGAGE THE WORLD FOR CHRIST AND HIS KINGDOM. WE ARE PASSIONATE ABOUT EDUCATION BECAUSE WE ARE PASSIONATE ABOUT SEEING THE WORK OF GOD GROW IN THE LIVES OF OUR STUDENTS, IN TACOMA, AND AROUND THE WORLD.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $220,514
Program Service Revenue $2,864,059
Investment Income $0
Other Revenue $-5,815
TOTAL REVENUE $3,078,758

Expense Breakdown

Grants Paid $213,852
Salaries & Benefits $3,287,066
Fundraising Expenses $10,308
Program Expenses $3,556,941
Other Expenses $1,419,003
TOTAL EXPENSES $4,919,921

Year-over-Year Comparison

2023 2022 Change
Revenue $3,078,758 $3,666,749 -0.2%
Expenses $4,919,921 $4,598,253 +0.1%
Net Income $-1,841,163 $-931,504 +1.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
8
Independent Members
4
Employees
119
Volunteers
87

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
7
$212,316
Total Directors
13
$18,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICK JOHNSEN INTERIM EXECUTIVE DIRECTOR 24.00
Officer
$115,946 $0 $115,946
MATTHEW RICHEY INTERIM HEAD OF SCHOOL 40.00
Officer
$78,370 $0 $78,370
RON NELSON TREASURER /CFO 30.00
Officer Director
$18,000 $0 $18,000
CARRI JO TIMMER BOARD CHAIR 4.00
Officer Director
$0 $0 $0
SEONGBAE KIM VICE CHAIR 4.00
Officer Director
$0 $0 $0
LI ER HANSON SECRETARY 4.00
Officer Director
$0 $0 $0
COURTNEY MCDANIEL SECRETARY 2.00
Officer Director
$0 $0 $0
HEATHER WAIT BOARD MEMBER 2.00
Director
$0 $0 $0
LARRY LEWIEN BOARD MEMBER 2.00
Director
$0 $0 $0
RYAN FREDERICK BOARD MEMBER 2.00
Director
$0 $0 $0
TERRY FRANZEN BOARD MEMBER 2.00
Director
$0 $0 $0
NEAL EIFLING BOARD MEMBER 2.00
Director
$0 $0 $0
CRAIG KESSEL BOARD MEMBER 2.00
Director
$0 $0 $0
RAY MYERS BOARD MEMBER 2.00
Director
$0 $0 $0
STEVE WESTCOTT BOARD MEMBER 2.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $3,078,758 $4,919,921 $2,396,317 $-1,841,163
2023 $3,666,749 $4,598,253 $2,583,751 $-931,504
2022 $3,504,425 $4,187,228 $2,431,251 $-682,803
2021 $3,215,663 $2,989,891 $2,969,171 $225,772
2020 $2,982,247 $3,614,864 $2,017,363 $-632,617
2019 $3,339,824 $3,510,654 $1,840,134 $-170,830
2018 $3,248,102 $3,610,749 $2,092,767 $-362,647
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