Form 990 for tax year 2023
Filed by WATERFORD SCHOOL HOLDING CORPORATION.
Totals
- Total revenue
- $39,117,276
- Total expenses
- $34,350,565
- Contributions and grants received
- $6,246,270
- Grants paid
- $3,531,115
- Program service revenue
- $32,287,748
- Investment income
- $458,794
- Other revenue
- $124,464
- Total assets, end of year
- $97,409,886
- Total liabilities, end of year
- $50,941,948
- Net assets or fund balances, end of year
- $46,467,938
- Program services expenses (Part IX)
- $29,401,654
- Management and general expenses
- $4,161,152
- Fundraising expenses
- $787,759
- Program service expenses (Part III)
- $29,401,654
Program services were 85.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$6,246,270
-
1g · Noncash contributions included above
$1,203,017
-
2a · Program service revenue: TUITION & FEES
total $30,720,542 · related or exempt $30,720,542
-
2b · Program service revenue: AUXILIARY REVENUES
total $1,567,206 · related or exempt $1,567,206
-
3 · Investment income
total $445,690 · excluded $445,690
-
6a · Gross rents
real property $38,025 · personal property $86,439
-
6b · Less rental expenses
real property $0 · personal property $0
-
6c · Rental income or loss
real property $38,025 · personal property $86,439
-
6d · Net rental income or loss
total $124,464 · related or exempt $90,878 · unrelated business $33,586
-
7a · Gross sales of assets other than inventory
other assets $13,104
-
7b · Less cost or other basis and sales expenses
other assets $0
-
7c · Gain or loss
other assets $13,104
-
7d · Net gain or loss
total $13,104 · related or exempt $13,104
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $3,531,115 · program services $3,531,115
-
5 · Compensation of officers, directors and key employees
total $2,032,659 · program services $2,032,659
-
7 · Other salaries and wages
total $15,242,699 · program services $12,468,661 · management and general $2,332,471 · fundraising $441,567
-
9 · Other employee benefits
total $4,274,209 · program services $3,587,866 · management and general $577,092 · fundraising $109,251
-
11g · Fees: other
total $557,126 · program services $467,664 · management and general $75,222 · fundraising $14,240
-
12 · Advertising and promotion
total $50,698 · program services $42,557 · management and general $6,845 · fundraising $1,296
-
14 · Information technology
total $427,724 · program services $359,041 · management and general $57,750 · fundraising $10,933
-
16 · Occupancy
total $836,170 · program services $701,900 · management and general $112,897 · fundraising $21,373
-
17 · Travel
total $1,026,334 · program services $861,527 · management and general $138,573 · fundraising $26,234
-
20 · Interest
total $171,609 · program services $144,053 · management and general $23,170 · fundraising $4,386
-
22 · Depreciation, depletion and amortization
total $1,886,415 · program services $1,583,499 · management and general $254,698 · fundraising $48,218
-
24a · Other expenses: CONTRACT SERVICES
total $1,488,939 · program services $1,249,855 · management and general $201,029 · fundraising $38,055
-
24b · Other expenses: SUPPLIES
total $1,162,474 · program services $975,807 · management and general $156,954 · fundraising $29,713
-
24c · Other expenses: CATERING
total $288,506 · program services $242,179 · management and general $38,953 · fundraising $7,374
-
24d · Other expenses: EQUIPMENT COSTS
total $276,767 · program services $232,325 · management and general $37,368 · fundraising $7,074
-
24e · All other expenses
total $1,097,121 · program services $920,946 · management and general $148,130 · fundraising $28,045
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $16,816,938 · end of year $19,042,913
-
3 · Pledges and grants receivable
beginning of year $7,772,113 · end of year $4,933,246
-
4 · Accounts receivable
beginning of year $1,196,541 · end of year $722,289
-
8 · Inventories for sale or use
beginning of year $333,465 · end of year $359,620
-
9 · Prepaid expenses and deferred charges
beginning of year $1,345,114 · end of year $1,258,497
-
10a · Land, buildings and equipment: cost or other basis
$86,092,438
-
10b · Land, buildings and equipment: accumulated depreciation
$26,167,893
-
10c · Land, buildings and equipment, net
beginning of year $39,565,915 · end of year $59,924,545
-
12 · Investments: other securities
beginning of year $23,097,347 · end of year $11,168,776
-
17 · Accounts payable and accrued expenses
beginning of year $3,346,677 · end of year $2,858,576
-
19 · Deferred revenue
beginning of year $19,146,429 · end of year $20,379,632
-
23 · Secured mortgages and notes payable
beginning of year $27,775,053 · end of year $27,664,385
-
25 · Other liabilities
beginning of year $57,593 · end of year $39,355
-
27 · Net assets without donor restrictions
beginning of year $16,289,557 · end of year $30,120,024
-
28 · Net assets with donor restrictions
beginning of year $23,512,124 · end of year $16,347,914
Mission and programs · 2023
Mission
WE PROVIDE STUDENTS WITH A WORLD-CLASS LIBERAL ARTS EDUCATION THAT STIMULATES INTELLECT, IGNITES PASSION, AND SHAPES CHARACTER.
Activities or mission (Part I)
OPERATE A PRE-K TO GRADE 12 INDEPENDENT SCHOOL
-
OPERATE A PRE-K TO GRADE 12 INDEPENDENT SCHOOL
Expenses $29,401,654 · Grants $3,531,115 · Revenue $32,391,730
As filed on the 2023 return.
Listed in Part VII
-
Chantal DolanCHANTAL DOLAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 3
-
Eric HuefnerERIC HUEFNER
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 6
-
Ron MikaRON MIKA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 3
-
Steve MillerSTEVE MILLER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 3
-
Jb TaylorJB TAYLOR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 3
-
Andrew MenkeANDREW MENKE
HEAD OF SCHOOL
- Total calculated
- $478,430
- From this org
- $446,491
- From related orgs
- $0
- Other
- $31,939
- Hours/week
- 55
Schedule J breakdown matched by us
- Base
- $365,291
- Bonus
- $26,000
- Other
- $55,200
- Deferred
- $0
- Nontaxable benefits
- $31,939
- Filer's total
- $478,430
-
Aaron AizadAARON AIZAD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 3
-
Heather ScottHEATHER SCOTT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 3
-
Blake MurrayBLAKE MURRAY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 3
-
Bea WashingtonBEA WASHINGTON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 3
-
Heather ZynczakHEATHER ZYNCZAK
TRUSTEE
- Total calculated
- $0
- Hours/week
- 3
-
Matt CulbersonMATT CULBERSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 3
-
Jamie HoldenJAMIE HOLDEN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 3
-
Sunny SanyalSUNNY SANYAL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 3
-
Nate WalkingshawNATE WALKINGSHAW
TRUSTEE
- Total calculated
- $0
- Hours/week
- 3
-
Greg MilesGREG MILES
CHIEF FINANCIAL OFFICER
- Total calculated
- $235,840
- From this org
- $201,753
- From related orgs
- $0
- Other
- $34,087
- Hours/week
- 55
Schedule J breakdown matched by us
- Base
- $201,753
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $34,087
- Filer's total
- $235,840
-
Todd WintersTODD WINTERS
DIRECTOR OF ADVANCEMENT
- Total calculated
- $238,873
- From this org
- $204,587
- From related orgs
- $0
- Other
- $34,286
- Hours/week
- 55
Schedule J breakdown matched by us
- Base
- $204,587
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $34,286
- Filer's total
- $238,873
-
Brandon BennettBRANDON BENNETT
ASSOCIATE HEAD OF SCHOOL
- Total calculated
- $194,320
- From this org
- $183,686
- From related orgs
- $0
- Other
- $10,634
- Hours/week
- 55
Schedule J breakdown matched by us
- Base
- $183,686
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $10,634
- Filer's total
- $194,320
-
Melanie BattistoneMELANIE BATTISTONE
LOWER SCHOOL HEAD
- Total calculated
- $155,867
- From this org
- $146,525
- From related orgs
- $0
- Other
- $9,342
- Hours/week
- 55
Schedule J breakdown matched by us
- Base
- $146,525
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $9,342
- Filer's total
- $155,867
-
Darren BeckDARREN BECK
IT DIRECTOR
- Total calculated
- $172,834
- From this org
- $141,904
- From related orgs
- $0
- Other
- $30,930
- Hours/week
- 44
Schedule J breakdown matched by us
- Base
- $141,904
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $30,930
- Filer's total
- $172,834
-
Kathy MorrisKATHY MORRIS
MUSIC DEPARTMENT CHAIR
- Total calculated
- $171,641
- From this org
- $154,056
- From related orgs
- $0
- Other
- $17,585
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $108,247
- Bonus
- $45,809
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $17,585
- Filer's total
- $171,641
-
Charles RosettCHARLES ROSETT
ENGLISH TEACHER
- Total calculated
- $143,959
- From this org
- $121,992
- From related orgs
- $0
- Other
- $21,967
- Hours/week
- 45
-
James HarrisJAMES HARRIS
SCIENCE TEACHER
- Total calculated
- $146,104
- From this org
- $117,755
- From related orgs
- $0
- Other
- $28,349
- Hours/week
- 45
-
Nancy WollerNANCY WOLLER
LIBERAL ARTS CHAIR
- Total calculated
- $128,424
- From this org
- $114,334
- From related orgs
- $0
- Other
- $14,090
- Hours/week
- 45
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Independent compensation consultant
- 3 · Written employment contract
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
WATERFORD SCHOOL LLC
OPERATION OF WATERFORD SCHOOL · UT · income $32,875,718 · assets $36,992,533
Directly controlled by WATERFORD SCHOOL HOLDING CORPORATION
-
WATERFORD IMPATIENCE FUND LLC
RESTRICTED ENDOWMENT FUND · UT · income -$4,713 · assets $492,809
Directly controlled by WATERFORD SCHOOL HOLDING CORPORATION
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 3 July 2025
- IRS schema version
- 2023v6.0
- Source object
- 202511929349300721
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.