Connecting Waters Charter Schools
- Assets
- $33.4m
- Revenue
- $26.6m
- Investments
- $0.0
- Employees
- 241
- Location
- Waterford, CA
- Founding
- 09/2015
- Data as of
- 06/2023
- EIN
- 47-1168738
Organization Overview
Connecting Waters Charter Schools is located in Waterford, CA. The organization was established in 2015. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2023, Connecting Waters Charter Schools employed 241 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Connecting Waters Charter Schools 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 06/2023, Connecting Waters Charter Schools generated $26.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $23.3m during the year ending 06/2023. While expenses have increased by 3.2% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE GOAL OF THE ORGANIZATION IS TO HELP STUDENTS BECOME EDUCATED INDIVIDUALS WHO ARE INSTRINSICALLY MOTIVATED TO LEARN, AND WHO HAVE DIVERSE YET WELL-DEVELOPED INTERESTS. THE ORGANIZATION IS OPEN TO ALL STUDENTS IN GRADES K-12 SEEKING A NON-TRADITIONAL EDUCATIONAL SETTING FROM THE FOLLOWING CALIFORNIA COUNTIES: STANISLAUS, MERCED, MARIPOSA, TUOLUMNE, CALAVERAS, SAN JOAQUIN, ALAMEDA AND SANTA CLARA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO OPERATE AND MANAGE THE CALIFORNIA PUBLIC CHARTER SCHOOL: CONNECTING WATERS CHARTER SCHOOL.
TO OPERATE AND MANAGE THE CALIFORNIA PUBLIC CHARTER SCHOOL: CONNECTING WATERS CENTRAL VALLEY.
TO OPERATE AND MANAGE THE CALIFORNIA PUBLIC CHARTER SCHOOL: CONNECTING WATERS EAST BAY.
TO OPERATE AND MANAGE THE CALIFORNIA PUBLIC CHARTER SCHOOL: CONNECTING WATERS CENTRAL VALLEY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sherri Nelson Exec Directo | Officer | 40 | $238,625 |
Debbie Nishihama Education Sp | 40 | $159,918 | |
Sherry Woo Education Sp | 40 | $138,304 | |
Melissa Cripe Guidance Cou | 40 | $136,299 | |
Michelle L Day Special Ed D | 40 | $122,434 | |
Shanda Rickman Education Sp | 40 | $128,058 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Delta Managed Solutions Inc Backoffice Svcs | 6/29/23 | $534,398 |
Our Lady Of The Rosary Parish Rent | 6/29/23 | $129,539 |
School Pathways Llc Info Systems | 6/29/23 | $165,802 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $26,573,702 |
| All other contributions, gifts, grants, and similar amounts not included above | $32,966 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $26,606,668 |
| Total Program Service Revenue | $0 |
| Investment income | $18,358 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $26,625,026 |
| 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. | $238,625 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,674,249 |
| Pension plan accruals and contributions | $2,238,127 |
| Other employee benefits | $1,826,952 |
| Payroll taxes | $422,083 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $69,143 |
| Fees for services: Accounting | $633,889 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,342,341 |
| Advertising and promotion | $5,172 |
| Office expenses | $95,940 |
| Information technology | $2,589 |
| Royalties | $0 |
| Occupancy | $353,346 |
| Travel | $7,669 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $122,445 |
| Interest | $202,165 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $361,546 |
| Insurance | $120,454 |
| All other expenses | $58,192 |
| Total functional expenses | $23,349,027 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,144,228 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,173,696 |
| 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 | $353,909 |
| Net Land, buildings, and equipment | $10,854,427 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $894,645 |
| Total assets | $33,420,905 |
| Accounts payable and accrued expenses | $2,317,995 |
| Grants payable | $0 |
| Deferred revenue | $688,931 |
| 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 | $4,778,332 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $899,273 |
| Total liabilities | $8,684,531 |
| Net assets without donor restrictions | $24,477,089 |
| Net assets with donor restrictions | $259,285 |
| 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 | $33,420,905 |