2024-07-16T12:54:31-05:00 2023-08-31 450250958 Eide Bailly LLP 800 Nicollet Mall Ste 1300 Minneapolis MN 554027033 990 2022-09-01 471091821 Spokane International Academy SPOK 5092098730 777 E Magnesium Rd Spokane WA 99208 Mary Velazquez Board Chair 5092098730 2024-07-15 1 Mary Velazquez 999009999 1 Deb Nelson CPA P01264758 6122536500 2024-07-15 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z Travis Franklin 777 E Magnesium Rd Spokane WA 99208 13699365 0 X www.spokaneintlacademy.org X 2014 WA Education that focuses on high academic standards, developing strong character & global world view. 10 10 147 150 0 0 12768598 13553799 30346 145492 114 74 0 0 12799058 13699365 0 0 0 0 6620144 7588777 0 0 0 4257951 4719240 10878095 12308017 1920963 1391348 28031716 28462439 22237604 21276979 5794112 7185460 Spokane International Academy empowers its students with the academic skills, habits of mind and global competence necessary to complete advanced courses in high school and a four-year college degree in order to become leaders who can powerfully transform our communities. 0 0 8209227 145492 Spokane International Academy educated and served 732 students enrolled in kindergarten through 10th grade for the 2022-2023 school year. Neither students nor their families were required to pay tuition or other costs. During the school year we raised ample funds via fundraising and in-kind donations to support our education efforts. 8209227 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 12 0 1 147 1 0 0 0 0 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 0 0 X Morgen Flowers-Washington 5092098730 777 E Magnesium Rd Spokane WA 99208 X Mary Velazquez Board Chair 0.50 X X 0 0 0 Jeff Hyslop Vice-Chair 0.50 X X 0 0 0 Dr Stacy Hill Secretary 0.50 X X 0 0 0 Dr Matt Hoag Treasurer 0.50 X X 0 0 0 James Wilburn Jr Board Member 0.50 X 0 0 0 Ken Vorhees Board Member 0.50 X 0 0 0 Bob Castle Board Member (From Mid-Year) 0.50 X 0 0 0 Cassie Anderson Board Member (From Mid-Year) 0.50 X 0 0 0 Guillermo Espinosa Board Member (From Mid-Year) 0.50 X 0 0 0 John Pell Board Member (From Mid-Year) 0.50 X 0 0 0 Travis Franklin Chief Executive Officer 40.00 X 159521 0 34990 Heather Dauphin Chief Financial Officer 40.00 X 123500 0 26292 Morgen Flowers Washington Head of School 40.00 X 136214 0 31898 Brook Wilkerson Chief Operations Officer 40.00 X 114529 0 26292 Nathan Pelton Assistant Principal 40.00 X 113553 0 29270 647317 0 148742 5 0 1 0 0 12716188 837611 13553799 Magnesium LLC Income 531390 9300 9300 136192 136192 145492 74 74 13699365 145492 0 74 334832 301349 33483 5305333 4612313 693020 271857 244674 27183 1218654 1058008 160646 458101 400538 57563 20972 20972 62148 62148 660089 176207 483882 4487 3763 724 837287 504749 332538 122995 99091 23904 503800 50276 453524 714090 78645 635445 35760 20945 14815 794577 794577 920343 615977 304366 42692 42692 12308017 8209227 4098790 0 3418771 4354943 1343476 1356407 193260 307991 33984 77738 22809161 1993488 21627227 20815673 1414998 1549687 28031716 28462439 433925 157978 148197 95485 19474204 19413586 310000 120000 1871278 1489930 22237604 21276979 X 0 0 1659525 1157883 4134587 6027577 5794112 7185460 28031716 28462439 1391348 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1100000 1100000 10200000 616250 9583750 11114014 1162544 9951470 227595 98166 129429 167552 116528 51024 20815673 Deferred Outflow of Resources 1436582 Net Pension Asset 113105 1549687 Net Pension Liability 765137 Deferred Inflows - Pensions 671347 Lease Obligations 53446 1489930 X 13699365 0 13699365 0 13699365 12308017 0 12308017 0 12308017 Part X, Line 2: The accounting standard on accounting for uncertainty in income taxes addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under that guidance, the School may recognize tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than 50 percent likelihood of being realized upon ultimate settlement. There were no unrecognized tax benefits identified or recorded as liabilities for fiscal year 2023. The School files a Form 990 in the U.S. federal jurisdiction. 1 1 1 1 0 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 Non-discriminatory policies are made public during registration periods and are always displayed on the school website's homepage. Schedule E, Part I, Line 4 As a public charter school we do not provide scholarships or financial aid. Schedule E, Part I, Line 6 The State of Washington is the primary funding source of Spokane International Academy. The school also receives federal grants under Title I, Title II and Title IV. X 0 0 0 0 0 0 0 0 0 Travis Franklin Chief Executive Officer 159521 0 0 0 0 0 23142 0 11848 0 194511 0 0 0 Morgen Flowers Washington Head of School 136214 0 0 0 0 0 20050 0 11848 0 168112 0 0 0 Form 990, Schedule J Part II, Column C The Organization participates in Washington State defined benefit plans managed by the Washington State Department of Retirement Systems. Due to the size and varied participants in this plan the actuarial value is not calculated on a per employee basis. The amount included in column C for deferred compensation includes the actual contributions to the plan but does not include any amount for a reasonable estimate of the increase in actuarial value. A Washington State Housing Finance Commission 911874730 93978LGH3 2021-03-23 19551908 See Part VI 0 0 0 A 19551908 1086543 390000 17315145 760220 2022 0 1 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 0 0 0 0 0 0 A 1 Schedule K, Part I, Column F Series 2021A bonds issued 3/23/2021 to fund the acquisition of land and building structures to support the development of the school. Portion of the proceeds were to refund a taxable bond issued 8/5/2020. Form 990, Part VI, Section A, line 8b No committee with broad authority was active during the fiscal year. Form 990, Part VI, Section B, line 11b The Form 990 and all required supporting schedules are reviewed by the Board before filing. The Board receives a copy of the Form 990 and the required schedules prior to filing to review for completeness and correctness. Form 990, Part VI, Section B, line 12c Our conflict-of-interest policy covers both the Board of Directors and Employees of the Organization. Conflicts are monitored on a continual basis and if any conflicts were to arise, they would be reviewed by the board. If a conflict is found then the board member with the conflict will abstain from voting. Form 990, Part VI, Section B, line 15a The governing board made up of independent members is responsible for negotiating the salary for the CEO. The board uses comparisons of other district-level admin data for establishing compensation (within budget constraints). The deliberations and vote are contained in the board minutes. Form 990, Part VI, Section C, line 19 The school makes its Form 990, governing documents and conflict of interest policy available to the public by providing copies upon request or allowing inspection at its office. Form 990, Part VII, Column F: The Organization participates in Washington State defined benefit plans managed by the Washington State Department of Retirement Systems. Due to the size and varied participants in this plan the actuarial value is not calculated on a per employee basis. The amount included in column F for deferred compensation includes the actual contributions to the plan but does not include any amount for a reasonable estimate of the increase in actuarial value. Spokane International Academy - Magnesium LLC 777 E Magnesium Rd Spokane WA 99208 862440293 Real Estate Holding WA 1086352 19478486 Spokane International Academy