Waterford Country School Incorporated
- Assets
- $11.3m
- Revenue
- $15.2m
- Investments
- $0.0
- Employees
- 211
- Location
- Quaker Hill, CT
- Founding
- 09/1970
- Data as of
- 06/2022
- EIN
- 06-0861862
Organization Overview
Waterford Country School Incorporated is located in Quaker Hill, CT. The organization was established in 1970. According to its NTEE Classification (B28) the organization is classified as: Special Education, under the broad grouping of Education and related organizations. As of 06/2023, Waterford Country School Incorporated employed 211 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Waterford Country School Incorporated 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, Waterford Country School Incorporated generated $15.2m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $14.5m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (1.2%) per year over the past 7 years. 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 SERVE CHILDREN WITH SPECIAL NEEDS, AND THEIR FAMILIES, OFFERING A WIDE RANGE OF PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPECIAL EDUCATION PROGRAM - ACADEMIC, PREVOCATIONAL, BEHAVIOR MANAGEMENT, LIFE SKILLS AND SUPPORT PROGRAMS FOR THERAPEUTIC BOARDING AND DAY STUDENTS.
TREATMENT FOSTER CARE - COMMUNITY PLACEMENTS THROUGHOUT EASTERN CONNECTICUT FOR SPECIAL NEEDS CHILDREN AGES 3-18 IN CARING, SPECIALLY TRAINED FOSTER HOMES.ALSO INCLUDING FUNCTIONAL FAMILY THERAPY - FOSTER CARE (FFT FC) IS AN EVIDENCED BASED IN-HOME CLINICAL INTERVENTION WITH A RELATIONAL FOCUS ON THE FAMILY UNIT FOR DCF-INVOLVED CHILDREN RECEIVING CLINICAL TREATMENT WITIN A THERAPEUTIC FOSTER CARE SETTING. IN ADDITION TO CLINICAL TREATMENT, FFT FC ALSO OFFERS CORRESPONDING CASE MANAGEMENT SERVICES. BIRTH FAMILIES AND FOSTER FAMILIES ARE THE PRIMARY UNIT OF INTERVENTION. FFT FC IS BUILT ON THE CORE FFT MODEL; IT IS COMPLETED ONCE WITH THE FOSTER FAMILY AND AGAIN WITH THE BIRTH FAMILY WHEN THE YOUTH IS REUNIFIED. THE CONTRACTOR AND FOSTER PARENTS WILL RECEIVE INITIAL TRAINING ON THE FFT FC MODEL FROM FFT FC PARTNERS. UPON COMPLETION OF INITIAL TRAINING BOTH THE CONTRACTOR AND FOSTER PARENTS WILL RECEIVE ONGOING CLINICAL CONSULTATION AND BOOSTER TRAINING FOR THE FIRST THREE YEARS OF IMPLEMENTATION.
RESIDENTIAL TREATMENT PROGRAM - 24 HOUR A DAY PROGRAM THAT ADDRESSES THE SOCIAL, EMOTIONAL AND BEHAVIORAL NEEDS OF RESIDENTS AND THEIR FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert P Anderson Jr Chairman Board Of Trustees | OfficerTrustee | 4 | $0 |
Ray Currier First Vice Chairman/truste | OfficerTrustee | 3 | $0 |
Kathleen F Jacques Second Vice Chairman/trust | OfficerTrustee | 3 | $0 |
Kenneth P Levy Treasurer/trustee | OfficerTrustee | 4 | $0 |
Emily C Schacht Secretary/trustee | OfficerTrustee | 1 | $0 |
Beth M Camassar Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $74,582 |
| All other contributions, gifts, grants, and similar amounts not included above | $174,750 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $249,332 |
| Total Program Service Revenue | $14,677,809 |
| Investment income | $136,707 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $24,200 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $63,040 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,151,088 |
| 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. | $354,232 |
| Compensation of current officers, directors, key employees. | $354,232 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,047,671 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,441,331 |
| Payroll taxes | $613,957 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $20,165 |
| Fees for services: Other | $110,258 |
| Advertising and promotion | $0 |
| Office expenses | $819,531 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $608,966 |
| Travel | $198,576 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $66,088 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $547,788 |
| Insurance | $0 |
| All other expenses | $13,382 |
| Total functional expenses | $14,465,090 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,298,623 |
| Savings and temporary cash investments | $7,988 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,288,622 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $5,135 |
| Prepaid expenses and deferred charges | $146,180 |
| Net Land, buildings, and equipment | $6,085,866 |
| Investments—publicly traded securities | $2,441,660 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $15,036 |
| Other assets | $0 |
| Total assets | $11,289,110 |
| Accounts payable and accrued expenses | $1,217,892 |
| Grants payable | $0 |
| Deferred revenue | $492,304 |
| 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 | $1,338,502 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,048,698 |
| Net assets without donor restrictions | $7,784,076 |
| Net assets with donor restrictions | $456,336 |
| 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 | $11,289,110 |