Spruce Street School

EIN: 910963223 501(c)(3) Education

Seattle, WA

Total Revenue
$4,300,557
Total Expenses
$3,798,431
Total Assets
$21,929,315
Net Assets
$7,785,014
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1976
Legal Domicile
WA
Principal Officer
Briel Schmitz
Phone
2066219211
Tax Period
2023-09-01 to 2024-08-31

Spruce Street School, founded in 1976, is a community nonprofit in the Education sector that reported $4.3M in total revenue in fiscal year 2023. Expenses of $3.8M left a modest 12% surplus.

Mission

Spruce Street School is a nurturing educational community that instills in a broad range of children the social, emotional, and intellectual skills for lifelong participation in a diverse society. We offer kindergarten through fifth grade students highly personalized instruction, supporting their social-emotional development as well as academic excellence. At Spruce Street School, we encourage students to anchor their learning in real-world applications, preparing them to be enthusiastic lifelong learners and able contributors to society. Our core values are: Community, Continuous Growth, Equity and Inclusion, and Joy.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $377,687
Program Service Revenue $3,770,664
Investment Income $112,294
Other Revenue $39,912
TOTAL REVENUE $4,300,557

Expense Breakdown

Grants Paid $661,458
Salaries & Benefits $2,163,812
Fundraising Expenses $168,809
Program Expenses $2,937,579
Other Expenses $973,161
TOTAL EXPENSES $3,798,431

Year-over-Year Comparison

2023 2022 Change
Revenue $4,300,557 $4,510,616 0.0%
Expenses $3,798,431 $3,653,702 +0.0%
Net Income $502,126 $856,914 -0.4%
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
12
Independent Members
12
Employees
46
Volunteers
100

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
6
$314,684
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Briel Schmitz Head of School 40.00
Officer
$197,233 $21,847 $219,080
Neill Warfield Teacher 40.00
$114,586 $15,081 $129,667
Deborah Wexler Teacher 40.00
$109,758 $18,910 $128,668
Shannon Orton Asst. Head of Sch. 40.00
$111,000 $15,744 $126,744
Daron Henry Teacher 40.00
$109,758 $16,648 $126,406
Laura Montagner Teacher 40.00
$109,758 $14,827 $124,585
Jane Davis-Ward Business Mgr. 40.00
Officer
$89,732 $5,872 $95,604
Anne Szeto-Millstone Chair 2.00
Officer Director
$0 $0 $0
Jessica Ross Vice Chair 2.00
Officer Director
$0 $0 $0
Marney Zellers Treasurer 2.00
Officer Director
$0 $0 $0
Meaghan Darling Secretary 2.00
Officer Director
$0 $0 $0
Chris Adams Director 2.00
Director
$0 $0 $0
Erin Becker Director 2.00
Director
$0 $0 $0
Paul Bruene Director 2.00
Director
$0 $0 $0
Donna Cochener Director 2.00
Director
$0 $0 $0
Tim Ford Director 2.00
Director
$0 $0 $0
Barbara Frailey Director 2.00
Director
$0 $0 $0
Chris Ramsborg Director 2.00
Director
$0 $0 $0
Sharron Starling Director 2.00
Director
$0 $0 $0
Takao Yamada Director 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 $4,300,557 $3,798,431 $21,929,315 $502,126
2023 $4,510,616 $3,653,702 $21,682,442 $856,914
2022 $4,200,161 $3,410,745 $21,502,857 $789,416
2021 $3,841,689 $3,404,847 $21,599,765 $436,842
2020 $3,439,611 $3,106,562 $21,307,404 $333,049
2019 $3,348,773 $3,016,899 $7,919,763 $331,874
2018 $3,429,960 $2,874,583 $7,657,157 $555,377
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