Waterford Country School Incorporated
- Assets
- $11.3m
- Revenue
- $15.2m
- Investments
- $0.0
- Employees
- 225
- Location
- Quaker Hill, CT
- Founding
- 09/1970
- Data as of
- 06/2022
- EIN
- 06-0861862
Organization Overview
Waterford Country School Incorporated is located in Quaker Hill, CT. The organization was established in 1970. According to its NTEE Classification (B28) the organization is classified as: Special Education, under the broad grouping of Education and related organizations. As of 06/2022, Waterford Country School Incorporated employed 225 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Waterford Country School Incorporated is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Waterford Country School Incorporated generated $15.2m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $14.5m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (1.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SERVE CHILDREN WITH SPECIAL NEEDS, AND THEIR FAMILIES, OFFERING A WIDE RANGE OF PROGRAMS.
Describe the Organization's Program Activity:
SPECIAL EDUCATION PROGRAM - ACADEMIC, PREVOCATIONAL, BEHAVIOR MANAGEMENT, LIFE SKILLS, AND SUPPORT PROGRAMS FOR RESIDENTIAL AND DAY STUDENTS.
TREATMENT FOSTER CARE - COMMUNITY PLACEMENTS THROUGHOUT EASTERN CONNECTICUT FOR SPECIAL NEEDS CHILDREN AGES 3-18 IN CARING, SPECIALLY TRAINED FOSTER HOMES.
RESIDENTIAL TREATMENT PROGRAM - 24 HOUR A DAY PROGRAM THAT ADDRESSES THE SOCIAL, EMOTIONAL, AND BEHAVIORAL NEEDS OF RESIDENTS AND THEIR FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Lacey Chief Executive Officer | Officer | 40 | $115,222 |
Sharon Butcher Director Of Education | 40 | $101,532 | |
Stacy Lowry Chief Financial Officer | Officer | 40 | $89,807 |
Emily Thomson Chief Operating Officer | Officer | 40 | $88,460 |
Robert P Anderson Jr Chairman Board Of Trustees | OfficerTrustee | 4 | $0 |
Ray Currier First Vice Chairman/truste | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $74,582 |
| All other contributions, gifts, grants, and similar amounts not included above | $174,750 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $249,332 |
| Total Program Service Revenue | $14,677,809 |
| Investment income | $136,707 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $24,200 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $63,040 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,151,088 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $354,232 |
| Compensation of current officers, directors, key employees. | $354,232 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,047,671 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,441,331 |
| Payroll taxes | $613,957 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $20,165 |
| Fees for services: Other | $110,258 |
| Advertising and promotion | $0 |
| Office expenses | $819,531 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $608,966 |
| Travel | $198,576 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $66,088 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $547,788 |
| Insurance | $0 |
| All other expenses | $13,382 |
| Total functional expenses | $14,465,090 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,298,623 |
| Savings and temporary cash investments | $7,988 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,288,622 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $5,135 |
| Prepaid expenses and deferred charges | $146,180 |
| Net Land, buildings, and equipment | $6,085,866 |
| Investments—publicly traded securities | $2,441,660 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $15,036 |
| Other assets | $0 |
| Total assets | $11,289,110 |
| Accounts payable and accrued expenses | $1,217,892 |
| Grants payable | $0 |
| Deferred revenue | $492,304 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,338,502 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,048,698 |
| Net assets without donor restrictions | $7,784,076 |
| Net assets with donor restrictions | $456,336 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $11,289,110 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Waterford Country School Incorporated has recieved totaling $10,424.
| Awarding Organization | Amount |
|---|---|
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $10,078 |
Pfizer Foundation Inc New York, NY PURPOSE: MATCHING GIFTS | $200 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $146 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hillcrest Educational Centers Inc Pittsfield, MA | $31,700,149 | $41,848,314 |
Landmark School Inc Prides Crossing, MA | $81,242,185 | $45,882,089 |
Mary Cariola Childrens Center Inc Rochester, NY | $32,501,953 | $38,497,065 |
Winston Preparatory School New York, NY | $56,916,189 | $37,261,516 |
American School For The Deaf West Hartford, CT | $58,629,293 | $44,148,151 |
Eden Ii School For Autistic Childern Inc Staten Island, NY | $32,260,171 | $32,379,334 |
New York Institute For Special Education Bronx, NY | $182,971,152 | $45,507,452 |
Boston Higashi School Inc Randolph, MA | $25,103,107 | $28,530,069 |
Stephen Gaynor School New York, NY | $123,265,362 | $36,695,130 |
Robert F Kennedy Community Alliance Lancaster, MA | $47,975,968 | $28,689,265 |
The Learning Center For The Deaf Inc Framingham, MA | $24,501,055 | $27,545,565 |
Hebrew Academy For Special Children Inc Brooklyn, NY | $16,318,917 | $35,401,629 |