Washington State Charter Schools Association
Nonprofit profile at a glance
- EIN
- 463224248
- IRS 990 coverage
- 2013–2024
- Forms available
- Form 990 2024
- Location
- Seattle, WA, USA
- Phone
- 2064242780
- Rating
- 89
- Verdict
- STRONG
- Rating confidence
- Standard
- Sector
- Education N.E.C.
Reported finances
- Revenue
- $7,233,904
- Expenses
- $11,414,870
- Assets
- $6,508,478
- Liabilities
- $284,722
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
23 people listed
Executive titles in this filing
- CHRISTINE KORSMO (EXECUTIVE DIRECTOR)
- NATALIE HESTER (CO-PRESIDENT, EXTERNAL AFFAIRS)
- REKHA BHATT (CO-PRESIDENT, INNOVATIVE SCHOOL)
- ELIZABETH HAID BLOXHAM (CO-PRESIDENT, FINANCE & OPS)
- DIANA MARKER (VICE PRESIDENT OF INNOVATIVE SCHOOLS)
Highest reported compensation
- NATALIE HESTER (CO-PRESIDENT, EXTERNAL AFFAIRS): $256,455 total reported compensation
- REKHA BHATT (CO-PRESIDENT, INNOVATIVE SCHOOL): $253,404 total reported compensation
- ELIZABETH HAID BLOXHAM (CO-PRESIDENT, FINANCE & OPS): $253,030 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Through advocacy and policy, the Washington state charter schools association works to ensure a strong, vibrant, and growing community of charter public schools that deliver excellent educational opportunities to all families, especially those who have been historically underserved.
What it reported doing in 2024
The Washington state charter schools association supports the charter public school sector through education, communications, policy development and advocacy.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 40% for direct work, and 60% for grants.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 92
- Transparency & Controls: 89
- Accountability: 100
- Sustainability: 17
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 84.6%; rating input score 85
- Fundraising efficiency: $36.51 raised per $1 spent on fundraising; rating input score 73; 73rd percentile among comparable filings
Transparency & Controls
- Consistency checks: 93.3%; rating input score 93; 17th percentile among comparable filings
- Pay-setting controls: 4 of 6 controls in place; rating input score 67
- Compensation committee: Missing
- Independent consultant: Pass
- Other Form 990s reviewed: Pass
- Written employment contract: Pass
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 96.6%; rating input score 97; 32nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 8 of 8 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -57.8%; rating input score 2; 2nd percentile among comparable filings
- Total-asset coverage ratio: 0.57; rating input score 20; 20th percentile among comparable filings
- Liabilities to assets ratio: 0.04; rating input score 72; 72nd percentile among comparable filings
- Officer compensation ratio: 15.3%; rating input score 18; 18th percentile among comparable filings
Growth
- Program expense growth: 9.3% per year; rating input score 100; 61st percentile among comparable filings
- Revenue growth: 4.6% per year; rating input score 100; 39th percentile among comparable filings
- Asset growth: 6.6% per year; rating input score 100; 43rd percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 84.6% of spending went to programs
- Governance: 12 of 12 board members independent · 8 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $9.7M in reported program spending
- Leadership: top reported pay $256K · 23 people listed · 4 of 6 pay-setting controls reported
- Highest-paid contractors: 1 contractor listed · $132K reported
- Consistency: 27 of 28 current checks pass · 1 finding to review
- Schedules: 8 filed schedules · includes major donors, grants, and executive pay
- Filing history: 12 filing years from 2013 to 2024
- Contacts: How to reach this organization
- Money network: 22 filed money-flow records
- Related organizations: 15 filed related-organization links
- 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Operating margin scored 2/100.
- High — Sustainability: Total-asset coverage ratio scored 20/100.
- High — Sustainability: Officer compensation ratio scored 18/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.