Waterford School Holding Corporation
- Assets
- $48.8m
- Revenue
- $34.1m
- Investments
- $11.2m
- Employees
- 430
- Location
- Sandy, UT
- Founding
- 04/2011
- Data as of
- 08/2021
- 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 08/2023, Waterford School Holding Corporation employed 430 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 08/2021, Waterford School Holding Corporation generated $34.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.9% each year. All expenses for the organization totaled $25.3m during the year ending 08/2021. While expenses have increased by 5.8% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
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 |
|---|---|---|---|
Chantal Dolan Trustee | Trustee | 3 | $0 |
Ray Etcheverry Trustee | Trustee | 3 | $0 |
Eric Huefner Board Chair | Trustee | 6 | $0 |
Ron Mika Trustee | Trustee | 3 | $0 |
Steve Miller Trustee | Trustee | 3 | $0 |
Kristin Stockham Trustee | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,408,842 |
| Investment income | $11,978 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $39,265 |
| Net Gain/Loss on Asset Sales | $1,137 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $34,068,333 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $3,018,630 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,328,502 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,238,375 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,275,629 |
| 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 | $481,895 |
| Advertising and promotion | $7,031 |
| Office expenses | $0 |
| Information technology | $384,825 |
| Royalties | $0 |
| Occupancy | $667,175 |
| Travel | $27,377 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $133 |
| Interest | $94,666 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $865,340 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $25,309,362 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $16,771,666 |
| Pledges and grants receivable | $2,011,300 |
| Accounts receivable, net | $1,168,419 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $320,044 |
| Prepaid expenses and deferred charges | $149,617 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $11,244,025 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $48,815,478 |
| Accounts payable and accrued expenses | $1,127,779 |
| Grants payable | $0 |
| Deferred revenue | $16,923,468 |
| 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 | $5,482,478 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $707,317 |
| Total liabilities | $24,241,042 |
| Net assets without donor restrictions | $12,050,940 |
| Net assets with donor restrictions | $12,523,496 |
| 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 | $24,574,436 |