Island Waldorf Community Inc
- Assets
- $1.1m
- Revenue
- $394.6k
- Investments
- $0.0
- Employees
- 7
- Location
- West Tisbury, MA
- Founding
- 06/1996
- Data as of
- 06/2021
- EIN
- 22-3200998
Organization Overview
Island Waldorf Community Inc is located in West Tisbury, MA. The organization was established in 1996. According to its NTEE Classification (O99) the organization is classified as: Youth Development N.E.C., under the broad grouping of Youth Development and related organizations. As of 06/2023, Island Waldorf Community Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Island Waldorf Community Inc 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, Island Waldorf Community Inc generated $394.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.3% each year . All expenses for the organization totaled $215.0k during the year ending 06/2021. While expenses have increased by 6.2% per year over the past 7 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
TO ESTABLISH, MAINTAIN AND CONDUCT SCHOOLS WITH PRINCIPLES AND PHILOSOPHY OF EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
PLUM HILL SCHOOL - PROVIDE EARLY CHILDHOOD EDUCATION TO PRESCHOOL AGED CHILDREN
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura Marashlian Treasurer & Teacher | OfficerTrustee | 22.5 | $38,057 |
Emmy Mayhew Director & Teacher | Trustee | 1 | $32,362 |
Matilda Alexander Director & Teacher | Trustee | 1 | $32,076 |
Michelle Brescia Director & Business Manager | Trustee | 1 | $18,000 |
Lucia Dillon Director & Teacher | Trustee | 22.5 | $14,975 |
Alex Bullen President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $213,581 |
| Investment income | $4 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $16,500 |
| 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 | $394,620 |
| Statement of Expenses | |
|---|---|
| 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. | $63,414 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $25,773 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,399 |
| Payroll taxes | $7,166 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $24,813 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $487 |
| Office expenses | $7,906 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,398 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $17,954 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,449 |
| Insurance | $14,230 |
| All other expenses | $0 |
| Total functional expenses | $215,023 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $54,734 |
| Savings and temporary cash investments | $17,132 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $44,651 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $24,013 |
| Total assets | $1,142,881 |
| Accounts payable and accrued expenses | $22,656 |
| Grants payable | $0 |
| Deferred revenue | $2,950 |
| 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 | $429,535 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $455,141 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $687,740 |