Headwaters Academy
- Assets
- $11.3m
- Revenue
- $1.7m
- Investments
- $3.1m
- Employees
- 34
- Location
- Bozeman, MT
- Founding
- 11/1990
- Data as of
- 06/2023
- EIN
- 36-3727667
Organization Overview
Headwaters Academy is located in Bozeman, MT. The organization was established in 1990. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2023, Headwaters Academy employed 34 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Headwaters Academy 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 06/2023, Headwaters Academy generated $1.7m 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 $2.0m during the year ending 06/2023. While expenses have increased by 16.7% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO CULTIVATE CONFIDENT, CAPABLE LEARNERS AND LEADERS FOR THE CHANGING WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HEADWATERS ACADEMY IS A PRIVATE INDEPENDENT MIDDLE SCHOOL IN BOZEMAN MONTANA OFFERING A CURRICULUM TO STUDENTS, GRADES 6-8, SEEKING EXPERIENTIAL LEARNING, OUTDOOR EDUCATION AND FIELD STUDY. HEADWATERS ACADEMY FOCUSES ON DEVELOPING STUDENTS WHO POSSESS GREAT INDEPENDENCE, STRONG SELF-ADVOCACY, GOOD DECISION-MAKING SKILLS, AND A SOLID SET OF PERSONAL VALUES. WE CARE AS MUCH ABOUT WHO OUR CHILDREN ARE BECOMING AS WHAT THEY LEARNING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julianne Williams President | OfficerTrustee | 2 | $0 |
Kevin Cook Vice President | OfficerTrustee | 2 | $0 |
Tanya Cunningham 2nd Vice President | OfficerTrustee | 2 | $0 |
Mike Halat Treasurer | Trustee | 2 | $0 |
Nina Jaeger Secretary | OfficerTrustee | 2 | $0 |
Larry Bartel Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $278,113 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $278,113 |
| Total Program Service Revenue | $1,339,275 |
| Investment income | $81,237 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $5,237 |
| Net Gain/Loss on Asset Sales | $1,693 |
| Net Income from Fundraising Events | $42,575 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,748,130 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $106,651 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $67,915 |
| Compensation of current officers, directors, key employees. | $22,166 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $960,051 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $111,967 |
| Payroll taxes | $92,346 |
| Fees for services: Management | $29,847 |
| Fees for services: Legal | $2,120 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $13,397 |
| Advertising and promotion | $5,443 |
| Office expenses | $49,233 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $92,424 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $217,049 |
| Insurance | $39,728 |
| All other expenses | $15,619 |
| Total functional expenses | $2,016,237 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $111,405 |
| Savings and temporary cash investments | $988,855 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $13,498 |
| Net Land, buildings, and equipment | $7,053,831 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $3,099,022 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,427 |
| Total assets | $11,272,038 |
| Accounts payable and accrued expenses | $30,808 |
| Grants payable | $0 |
| Deferred revenue | $62,041 |
| 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 | $92,849 |
| Net assets without donor restrictions | $11,175,189 |
| Net assets with donor restrictions | $4,000 |
| 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 | $11,272,038 |