Walden School Corporation
- Assets
- $7.7m
- Revenue
- $5.1m
- Investments
- $0.0
- Employees
- 77
- Location
- Louisville, KY
- Founding
- 02/1976
- Data as of
- 06/2021
- EIN
- 61-0883146
Organization Overview
Walden School Corporation is located in Louisville, KY. The organization was established in 1976. 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 06/2021, Walden School Corporation employed 77 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Walden School 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 06/2021, Walden School Corporation generated $5.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $4.4m during the year ending 06/2021. While expenses have increased by 2.4% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE EDUCATION FOR GRADES K-12.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTAIN FACULTY AND FACILITIES TO PROVIDE EDUCATION FOR GRADES K-12 WITH ENROLLMENT OF 280 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alison Tyler Head Of School | Officer | 40 | $137,657 |
Jeff Hamilton Dir Of Finance | Officer | 40 | $69,915 |
Tammye Henderson Board Member | Trustee | 1 | $0 |
Alex Alvarez Board Member | Trustee | 1 | $0 |
Mina Khalil Board Member | Trustee | 1 | $0 |
Carol Mckey Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $316,706 |
| All other contributions, gifts, grants, and similar amounts not included above | $362,521 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $679,227 |
| Total Program Service Revenue | $4,327,564 |
| Investment income | $135,561 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$573 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,136,095 |
| 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. | $207,572 |
| Compensation of current officers, directors, key employees. | $207,572 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,430,228 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $245,424 |
| Payroll taxes | $190,892 |
| Fees for services: Management | $200 |
| Fees for services: Legal | $8,192 |
| Fees for services: Accounting | $11,807 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $15,973 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $15,747 |
| Advertising and promotion | $60,480 |
| Office expenses | $22,187 |
| Information technology | $52,134 |
| Royalties | $0 |
| Occupancy | $281,501 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $68,798 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $323,902 |
| Insurance | $48,935 |
| All other expenses | $61,740 |
| Total functional expenses | $4,383,194 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $550 |
| Savings and temporary cash investments | $642,442 |
| Pledges and grants receivable | $552,526 |
| Accounts receivable, net | $162,757 |
| 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 | $67,910 |
| Net Land, buildings, and equipment | $5,619,915 |
| Investments—publicly traded securities | $432,395 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $196,725 |
| Total assets | $7,675,220 |
| Accounts payable and accrued expenses | $434,145 |
| Grants payable | $0 |
| Deferred revenue | $130,900 |
| Tax-exempt bond liabilities | $1,406,613 |
| 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 | $3,687 |
| Total liabilities | $1,975,345 |
| Net assets without donor restrictions | $4,145,391 |
| Net assets with donor restrictions | $1,554,484 |
| 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 | $7,675,220 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Walden School Corporation has recieved totaling $14,014.
| Awarding Organization | Amount |
|---|---|
Robert L Oare Jr Charitable Foundation Alachua, FL PURPOSE: GENERAL SUPPORT | $10,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $3,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $514 |
Endowment Analysis
| Beg. Balance | $266,927 |
| Earnings | $73,525 |
| Net Contributions | $91,835 |
| Ending Balance | $432,287 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bernard Zell Anshe Emet Day School Chicago, IL | $69,026,609 | $20,320,544 |
Republic Schools Nashville Nashville, TN | $31,048,580 | $24,002,902 |
Congressional School Inc Falls Church, VA | $21,870,095 | $18,184,082 |
Nansemond-Suffolk Academy Association Incorporated Suffolk, VA | $19,895,333 | $17,664,822 |
Heritage Christian Schools Inc Indianapolis, IN | $19,759,630 | $19,173,955 |
Christian Academy Of Knoxville Inc Knoxville, TN | $16,374,308 | $19,411,697 |
Cornerstone Academy Inc Morristown, TN | $83,376,022 | $25,507,605 |
Trinity Episcopal School Inc Richmond, VA | $26,705,418 | $14,683,376 |
Lake Ridge Academy North Ridgeville, OH | $14,038,501 | $14,431,885 |
Summit Christian Academy Lees Summit, MO | $26,556,183 | $15,642,141 |
Orchard School Foundation Inc Indianapolis, IN | $60,553,415 | $15,394,463 |
Norfolk Collegiate School Norfolk, VA | $25,101,783 | $13,831,989 |