Headwaters Academy
- Assets
- $11.6m
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 26
- Location
- Bozeman, MT
- Founding
- 11/1990
- Data as of
- 06/2022
- EIN
- 36-3727667
Organization Overview
Headwaters Academy is located in Bozeman, MT. The organization was established in 1990. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2022, Headwaters Academy employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Headwaters Academy 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, Headwaters Academy generated $3.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 31.7% each year . All expenses for the organization totaled $2.0m during the year ending 06/2022. While expenses have increased by 21.0% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO BUILD CONFIDENT, CAPABLE, ADAPTABLE LEARNERS AND LEADERS FOR THE CHANGING WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION IS A PRIVATE ALTERNATIVE SCHOOL IN BOZEMAN, MONTANA OFFERING A CURRICULUM TO MIDDLE SCHOOL AGED STUDENTS SEEKING AN ENVIRONMENT THAT WILL ASSIST THESE STUDENTS IN REALIZING THEIR POTENTIAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julianne Williams President | OfficerTrustee | 2 | $0 |
Mike Halat Treasurer, Secretary | OfficerTrustee | 2 | $0 |
Tanya Cunningham 2nd Vice President | OfficerTrustee | 2 | $0 |
Kevin Cook Vice President | OfficerTrustee | 2 | $0 |
Sayer Wickham Former Director | Trustee | 2 | $0 |
Larry Bartel Director | Trustee | 1 | $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 | $2,152,674 |
| Noncash contributions included in lines 1a–1f | $1,898,659 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,152,674 |
| Total Program Service Revenue | $1,213,703 |
| Investment income | $1,492 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $144,853 |
| Net Income from Fundraising Events | $55,728 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,568,450 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $115,221 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $163,952 |
| Compensation of current officers, directors, key employees. | $38,709 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $614,160 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $73,790 |
| Payroll taxes | $65,519 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,142 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,523 |
| Advertising and promotion | $4,610 |
| Office expenses | $22,512 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $91,219 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $614,366 |
| Insurance | $38,210 |
| All other expenses | $11,599 |
| Total functional expenses | $2,039,313 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $218,093 |
| Savings and temporary cash investments | $4,120,864 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $9,842 |
| Net Land, buildings, and equipment | $7,230,414 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,818 |
| Total assets | $11,585,031 |
| Accounts payable and accrued expenses | $1,582 |
| Grants payable | $0 |
| Deferred revenue | $166,065 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $167,647 |
| Net assets without donor restrictions | $11,413,384 |
| Net assets with donor restrictions | $4,000 |
| 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 | $11,585,031 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Headwaters Academy has recieved totaling $113,877.
| Awarding Organization | Amount |
|---|---|
Louis Foundation Minneapolis, MN PURPOSE: EDUCATION | $105,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $5,826 |
The@elizabeth Wakeman Henderson Charitable Foundation New York, NY PURPOSE: EXEMPT ORGANIZATIONS PURPOSE | $3,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $51 |
Endowment Analysis
| Beg. Balance | $6,638 |
| Earnings | -$476 |
| Admin Expense | $82 |
| Other Expense | $262 |
| Ending Balance | $5,818 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rapid City Christian Education Association Inc Rapid City, SD | $10,471,013 | $5,057,822 |
Alzar School Inc Cascade, ID | $16,452,354 | $5,443,400 |
Jackson Hole Community School Jackson, WY | $2,202,604 | $2,994,021 |
North Dakota High School Activities Association Valley City, ND | $2,766,566 | $2,790,698 |
One Stone Inc Boise, ID | $6,938,361 | $4,856,784 |
Meridian Technical Charter High School Inc Meridian, ID | $1,959,046 | $2,463,395 |
Idaho High School Activities Association Inc Boise, ID | $2,471,113 | $2,637,042 |
Headwaters Academy Bozeman, MT | $11,585,031 | $3,568,450 |
Montana High School Association Helena, MT | $1,544,993 | $1,276,622 |
Wyoming High School Activities Association Casper, WY | $2,692,055 | $1,324,043 |
Helena Christian School Inc East Helena, MT | $560,969 | $1,265,289 |
Missoula Catholic Schools Foundation Missoula, MT | $9,219,470 | $1,482,329 |