Waterford School Holding Corporation
- Assets
- $35.9m
- Revenue
- $26.1m
- Investments
- $5.8m
- Employees
- 356
- Location
- Sandy, UT
- Founding
- 04/2011
- Data as of
- 08/2020
- EIN
- 27-4865865
Organization Overview
Waterford School Holding Corporation is located in Sandy, UT. The organization was established in 2011. 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 08/2021, Waterford School Holding Corporation employed 356 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Waterford School Holding Corporation 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 08/2020, Waterford School Holding Corporation generated $26.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $24.4m during the year ending 08/2020. While expenses have increased by 6.1% per year over the past 6 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
OPERATE A PRE-K TO GRADE 12 INDEPENDENT SCHOOL
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATE A PRE-K TO GRADE 12 INDEPENDENT SCHOOL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Menke Head Of School | OfficerTrustee | 55 | $413,920 |
Brandon Bennett Associate Head Of School | 55 | $160,509 | |
Todd Winters Director Of Admissions | 55 | $145,177 | |
Greg Miles Chief Financial Officer | Officer | 55 | $138,152 |
Melanie Battistone Lower School Head | 55 | $129,132 | |
Andrew Swindle Director Of Advancement | 45 | $127,075 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,900,963 |
| Investment income | $84,491 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $44,092 |
| Net Gain/Loss on Asset Sales | $3,399 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $26,122,549 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $3,249,510 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,215,159 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,478,724 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,022,782 |
| Payroll taxes | $0 |
| 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 | $0 |
| Fees for services: Other | $547,944 |
| Advertising and promotion | $15,854 |
| Office expenses | $0 |
| Information technology | $217,691 |
| Royalties | $0 |
| Occupancy | $585,953 |
| Travel | $319,805 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $455 |
| Interest | $145,247 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $850,328 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $24,393,595 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $13,838,464 |
| Pledges and grants receivable | $578,000 |
| Accounts receivable, net | $1,092,052 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $335,391 |
| Prepaid expenses and deferred charges | $93,960 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $5,762,224 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $35,882,761 |
| Accounts payable and accrued expenses | $1,011,500 |
| Grants payable | $0 |
| Deferred revenue | $14,740,627 |
| 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 | $2,663,993 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,999,374 |
| Total liabilities | $21,415,494 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $14,467,267 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Waterford School Holding Corporation has recieved totaling $3,600,922.
| Awarding Organization | Amount |
|---|---|
Larry H Miller & Gail Miller Family Foundation Sandy, UT PURPOSE: GENERAL FINANCIAL SUPPORT | $3,333,334 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $175,481 |
Joan And Tim Fenton Family Foundation Holladay, UT PURPOSE: GENERAL SUPPORT | $50,000 |
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: EDUCATION | $30,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $11,520 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $587 |
Endowment Analysis
| Beg. Balance | $5,105,292 |
| Earnings | $1,300,007 |
| Net Contributions | $1,004,600 |
| Grants | $50,000 |
| Ending Balance | $7,359,899 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Colorado Academy Denver, CO | $114,741,916 | $44,259,013 |
Paragon Management Surprise, AZ | $64,904,410 | $28,676,995 |
Waterford School Holding Corporation Sandy, UT | $35,882,761 | $26,122,549 |
Phoenix Country Day School Paradise Valley, AZ | $77,907,724 | $28,726,427 |
American Heritage Schools Inc American Fork, UT | $76,345,416 | $17,728,637 |
Dr Miriam And Sheldon G Adelson Educational Institute Las Vegas, NV | $45,249,882 | $16,559,222 |
Vail Mountain School Vail, CO | $56,713,678 | $17,984,280 |
Harvest Power Community Development Group Inc Yuma, AZ | $16,728,343 | $18,038,703 |
Sandia School Albuquerque, NM | $27,571,490 | $14,904,182 |
St Annes Episcopal School Inc Denver, CO | $46,260,720 | $15,462,450 |
Highline Academy Incorporation Denver, CO | $14,864,642 | $15,484,851 |
Legacy Traditional School-Phoenix Chandler, AZ | $39,660,573 | $11,666,395 |