The Overlake School
Nonprofit profile at a glance
- EIN
- 910814431
- IRS 990 coverage
- 2010–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- Redmond, WA, USA
- Phone
- 425-868-1000
- Rating
- 72
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Secondary, High School
Reported finances
- Revenue
- $53,447,977
- Expenses
- $31,231,331
- Assets
- $143,331,722
- Liabilities
- $35,711,625
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
28 people listed
Executive titles in this filing
- JULI RASMUSSEN (PRESIDENT)
- PRIENCA PUNHANI (VICE PRESIDENT)
Highest reported compensation
- GRETCHEN WARNER (HEAD OF SCHOOL): $357,711 total reported compensation
- ERIC TEMPLE (FORMER KEY EMPLOYEE): $353,148 total reported compensation
- WARREN GILLES (BUSINESS MANAGER): $317,899 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The Overlake School inspires students to pursue lives of purpose, integrity, and intellectual courage.
What it reported doing in 2024
The overlake school is an independent coeducational suburban dayschool, offering a rigorous college preparatory program in the liberal arts tradition for students in grades 5 through 12. The school's goal is to prepare a diverse student body for admission to colleges and universities around the country and for a lifetime of ongoing learning and success. During the 2024-2025 school year, approximately 557 students attend the overlake school.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 91% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and the filing reports few safeguards for money sent abroad.
Rating breakdown
- Financial Efficiency: 58
- Transparency & Controls: 70
- Accountability: 95
- Sustainability: 78
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 45.9%; rating input score 46
- Program expense ratio: 74.6%; rating input score 75
- Fundraising efficiency: $30.72 raised per $1 spent on fundraising; rating input score 66; 66th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Scored; rating input score 0
- Grant itemization coverage: 100%; rating input score 100; 77th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 77th percentile among comparable filings
- Governance controls: 7 of 8 controls in place; rating input score 88
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Pass
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 41.6%; rating input score 95; 95th percentile among comparable filings
- Total-asset coverage ratio: 4.59; rating input score 84; 84th percentile among comparable filings
- Liabilities to assets ratio: 0.25; rating input score 62; 62nd percentile among comparable filings
- Officer compensation ratio: 6.8%; rating input score 8; 8th percentile among comparable filings
Growth
- Program expense growth: 4.8% per year; rating input score 100; 38th percentile among comparable filings
- Revenue growth: 6.5% per year; rating input score 100; 56th percentile among comparable filings
- Asset growth: 5.2% per year; rating input score 100; 38th percentile among comparable filings
Details
- What they do: 4 programs and campaigns described on the official site · 2 operating locations identified
- Where the money goes: 45.9% of revenue deployed · 74.6% of spending went to programs
- Governance: 20 of 20 board members independent · 7 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $23.3M in reported program spending
- Leadership: top reported pay $358K · 28 people listed · 3 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $3M reported
- Consistency: 35 of 35 current checks pass
- Schedules: 10 filed schedules · includes major donors, foreign activity, grants, and executive pay
- Filing history: 15 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 8 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Mission deployment rate scored 46/100.
- High — Transparency & Controls: Foreign activity oversight scored 0/100.
- Review — Accountability: Governance controls: Form 990 shared with the board not reported.
- High — Sustainability: Officer compensation ratio scored 8/100.