Bright Water Waldorf Society
- Assets
- $1.3m
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 66
- Location
- Seattle, WA
- Founding
- 08/1998
- Data as of
- 07/2019
- EIN
- 91-1897098
Organization Overview
Bright Water Waldorf Society is located in Seattle, WA. The organization was established in 1998. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 07/2019, Bright Water Waldorf Society employed 66 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bright Water Waldorf Society 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 07/2019, Bright Water Waldorf Society generated $3.4m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $3.2m during the year ending 07/2019. While expenses have increased by 6.1% per year over the past 5 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
WALDORF PRESCHOOL AND GRADE SCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BRIGHT WATER WALDORF SOCIETY DBA BRIGHT WATER SCHOOL (THE SCHOOL) WAS FOUNDED IN 1998 OUT OF A DESIRE FOR GREATER ACCESS TO WALDORF EDUCATION IN SEATTLE, WASHINGTON. WALDORF EDUCATION IS BASED ON A DEEP UNDERSTANDING OF THE NEEDS OF THE GROWING CHILD AND THE MATURING ADOLESCENT. THROUGH A RICH CURRICULUM AND INNOVATIVE TEACH METHODS, WALDORF EDUCATION ADDRESSES THE WHOLE CHILD, WORKING TO DEVELOP CLARITY IN THOUGHT, BALANCE IN FEELINGS, AND INITIATIVE IN ACTION. CURRENTLY, THE SCHOOL HAS AN ENROLLMENT OF APPROXIMATELY 170 STUDENTS.
AFTER SCHOOL PROGRAMS SUCH AS CHILD CARE SERVICES AND SPORTS.
OTHER RELATED PROGRAM REVENUE SUCH AS NEW STUDENT FEES, FACULTY REMISSION PAYMENTS, APPLICATION FEES, INTEREST, LATE FEES, ROOM RENTAL TO OTHER LIKE NON-PROFITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chaya Keefe Head Of School (current) | Officer | 50 | $58,488 |
Jayasri Ghosh Head Of School (former) | Officer | 50 | $43,450 |
Holly Morris Treasurer | OfficerTrustee | 2 | $0 |
Doug Eriksen Secretary | OfficerTrustee | 2 | $0 |
John Healy Board Chair | OfficerTrustee | 4 | $0 |
Elizabeth Swift Board Vice-Chair | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $239,267 |
| Investment income | $1,761 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $38,046 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$39,296 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,386,436 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $429,703 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $108,075 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,589,222 |
| Pension plan accruals and contributions | $23,859 |
| Other employee benefits | $168,233 |
| Payroll taxes | $131,155 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,004 |
| Fees for services: Accounting | $19,660 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $15,083 |
| Advertising and promotion | $0 |
| Office expenses | $43,302 |
| Information technology | $9,607 |
| Royalties | $0 |
| Occupancy | $369,948 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $20,554 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,367 |
| Insurance | $8,762 |
| All other expenses | $0 |
| Total functional expenses | $3,216,433 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $776,340 |
| Savings and temporary cash investments | $402,611 |
| Pledges and grants receivable | $20,000 |
| Accounts receivable, net | $14,122 |
| 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 | $18,650 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,666 |
| Total assets | $1,311,357 |
| Accounts payable and accrued expenses | $66,279 |
| Grants payable | $0 |
| Deferred revenue | $647,651 |
| 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 | $713,930 |
| Net assets without donor restrictions | $510,228 |
| Net assets with donor restrictions | $87,199 |
| 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 | $597,427 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Bright Water Waldorf Society has recieved totaling $44,133.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $17,688 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $17,688 |
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $7,500 |
The@zephyr Charitable Foundation Inc Wilmington, DE PURPOSE: COMMUNITY FUND | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $257 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Day 1 Academies Mercer Island, WA | $35,976,300 | $29,810,665 |
Villa Academy Seattle, WA | $24,276,388 | $13,840,238 |
Epiphany School Seattle, WA | $36,455,927 | $10,306,014 |
Waldorf School Association Of Seattle Seattle, WA | $16,310,724 | $9,141,587 |
Westside School Seattle, WA | $16,952,387 | $9,211,084 |
Woodinville Montessori School Bothell, WA | $15,931,467 | $9,107,096 |
Portland Jewish Academy Portland, OR | $8,709,251 | $10,309,622 |
Sound Child Care Solutions Seattle, WA | $4,171,227 | $8,436,558 |
Ccs Early Learning Wasilla, AK | $2,890,390 | $8,197,288 |
Friends Of Children And Families Inc Boise, ID | $3,302,852 | $6,133,054 |
Christian School Society Of Portland Portland, OR | $7,285,846 | $6,199,837 |
Lighthouse Christian School Gig Harbor, WA | $9,441,366 | $5,288,130 |