Waterside School Inc

Organization Overview

Waterside School Inc is located in Stamford, CT. The organization was established in 2002. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Waterside School Inc employed 81 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Waterside School Inc 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, Waterside School Inc generated $11.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.1% each year . All expenses for the organization totaled $9.0m during the year ending 06/2022. While expenses have increased by 11.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2021, Waterside School Inc has awarded 20 individual grants totaling $340,856. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE AN EARLY YEAR EDUCATIONAL FOUNDATION FOR MOTIVATED, DISADVANTAGED CHILDREN.

Describe the Organization's Program Activity:

TO PROVIDE AN EDUCATIONAL PROGRAM TO CHILDREN IN GRADES KINDERGARTEN THROUGH THE FIFTH GRADE.


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Board, Officers & Key Employees

Name (title)Compensation
Duncan Edwards
Former Executive Director
$308,654
Jamel Keels
Head Of School - Ex Officio
$171,500
David Olson
Executive Director
$112,500
Jody Visage
Director
$70,000
Kevin Gasvoda
Director
$0
Michael Schwabe
Director Chair Finance Committee
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$5,320,507
Noncash contributions included in lines 1a–1f $266,101
Total Revenue from Contributions, Gifts, Grants & Similar$5,320,507
Total Program Service Revenue$3,780,468
Investment income $538,001
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $2,150,476
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $11,789,452

Grants Awarded

Over the last fiscal year, Waterside School Inc has awarded $154,825 in support to 9 organizations.

Grant RecipientAmount

EAGLE HILL SCHOOL

Org PageRecipient Profile

Greenwich, CT

PURPOSE: STUDENT TUITION

$35,825

Annandaleonhudson, NY

PURPOSE: STUDENT TUITION

$30,000

New York, NY

PURPOSE: STUDENT TUITION

$24,000

UNIVERSITY OF CONNECTICUT

Org PageRecipient Profile

Storrs, CT

PURPOSE: STUDENT TUITION

$19,000

HOWARD UNIVERSITY

Org PageRecipient Profile

Washington, DC

PURPOSE: STUDENT TUITION

$10,000

RICHMOND UNIVERSITY

Org PageRecipient Profile

Richmond, VA

PURPOSE: STUDENT TUITION

$10,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Waterside School Inc has recieved totaling $60,000.

Awarding OrganizationAmount
Oaklawn Foundation

Wilton, CT

PURPOSE: 2022 GRANT FOR OAKLAWN FOUNDATION SCHOLARSHIPS AND DIRECTOR'S GRANT TO 501C ORGANIZATION

$30,000
Birdsong Family Foundation Inc

Fort Collins, CO

PURPOSE: TO SUPPORT THE EDUCATIONAL MISSION AND WORK OF WATERSIDE SCHOOL

$30,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$21,583,801
Earnings-$2,519,446
Net Contributions$1,575,291
Grants$108,000
Ending Balance$20,531,646

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