Waldorf Educational Association Of Nc Inc
- Assets
- $5.9m
- Revenue
- $5.7m
- Investments
- $0.0
- Employees
- 97
- Location
- Chapel Hill, NC
- Founding
- 04/1984
- Data as of
- 06/2023
- EIN
- 56-1379068
Organization Overview
Waldorf Educational Association Of Nc Inc, operating under the name Emerson Waldorf School, is located in Chapel Hill, NC. The organization was established in 1984. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 06/2023, Emerson Waldorf School employed 97 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Emerson Waldorf School 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, Emerson Waldorf School generated $5.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.2% each year . All expenses for the organization totaled $5.2m during the year ending 06/2023. While expenses have increased by 11.7% per year over the past 6 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
THE EMERSON WALDORF SCHOOL PROVIDES AN INTEGRATED WALDORF CURRICULUM AND ENVIRONMENT WHICH ENCOURAGE AND PROMOTE INDEPENDENT THINKING AND SOCIAL RESPONSIBILITY AS WELL AS ACADEMIC AND ARTISTIC EXCELLENCE. THE UNIQUE GIFTS AND CONTRIBUTIONS OF EACH CHILD ARE HONORED THROUGH A DEVELOPMENTALLY APPROPRIATE AWAKENING OF THINKING, FEELING, AND WILLING. FURTHER, THE EMERSON WALDORF SCHOOL UNDERSTANDS CHILDREN AS BEINGS OF BODY, SOUL, AND SPIRIT, AND GUIDES THEM TO DEVELOP COMPASSION AND REVERENCE FOR THEMSELVES AND THE WORLD COMMUNITY. THE EMERSON WALDORF SCHOOL DOES NOT DISCRIMINATE ON THE BASIS OF RACE, COLOR, CREED, OR NATIONAL OR ETHNIC ORIGIN IN THE ADMINISTRATION OF ITS EDUCATION POLICIES, ADMISSIONS POLICIES, TUITION ADJUSTMENT PROGRAM, ATHLETIC, OR OTHER SCHOOL ADMINISTERED PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE WALDORF EDUCATIONAL ASSOCIATION OF NORTH CAROLINA, INC., DOING BUSINESS AS EMERSON WALDORF SCHOOL, OPERATES AS A SCHOOL AND ENCOURAGES AND SPONSORS EDUCATIONAL ACTIVITIES IN NORTH CAROLINA BASED ON THE PRINCIPLES AND PHILOSOPHIES GIVEN BY RUDOLF STEINER. THE SCHOOL PROVIDES STUDENTS A STRONG FOUNDATION IN LITERATURE, FOREIGN LANGUAGE, HISTORY, GEOGRAPHY, MUSIC, FINE AND PRACTICAL ARTS, MATHEMATICS, AND SCIENCE; RESPONDS TO THE NEEDS OF THE CHILD AT EACH STAGE OF DEVELOPMENT; AND PROMOTES CREATIVITY, CRITICAL THINKING, AND A LIFELONG LOVE OF LEARNING. THIS FISCAL YEAR, THE SCHOOL SERVED CHILDREN IN NURSERY SCHOOL THROUGH HIGH SCHOOL. OUR STUDENTS MEET AND EXCEED THE STATE AVERAGE SAT SCORES AND ARE ROUTINELY ACCEPTED INTO PRIVATE AND PUBLIC COLLEGES AND UNIVERSITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gareth Dicker Board Member | Trustee | 40 | $39,825 |
Robin Olson Board Member | Trustee | 40 | $53,088 |
Corey Mcintyre Co-Treasurer | OfficerTrustee | 10 | $0 |
Mark Davis Co-Treasurer | OfficerTrustee | 10 | $0 |
Jill Austin President | OfficerTrustee | 10 | $0 |
Kathryn Mentz Secretary | OfficerTrustee | 10 | $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 | $218,347 |
| Noncash contributions included in lines 1a–1f | $17,892 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $218,347 |
| Total Program Service Revenue | $5,408,506 |
| Investment income | $57,260 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $850 |
| Net Gain/Loss on Asset Sales | $614 |
| Net Income from Fundraising Events | $12,120 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,719,772 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,628,486 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $199,055 |
| Compensation of current officers, directors, key employees. | $40,209 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,986,290 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $247,040 |
| Payroll taxes | $169,769 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,162 |
| Fees for services: Accounting | $19,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $90,541 |
| Advertising and promotion | $23,894 |
| Office expenses | $147,576 |
| Information technology | $25,787 |
| Royalties | $0 |
| Occupancy | $78,689 |
| Travel | $21,952 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $52,210 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $132,828 |
| Insurance | $47,971 |
| All other expenses | $44,786 |
| Total functional expenses | $5,207,335 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $468,917 |
| Savings and temporary cash investments | $1,553,693 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $13,553 |
| 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 | $26,083 |
| Net Land, buildings, and equipment | $2,805,092 |
| Investments—publicly traded securities | $1,047,463 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,914,801 |
| Accounts payable and accrued expenses | $49,455 |
| Grants payable | $0 |
| Deferred revenue | $529,695 |
| 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 | $1,172,400 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,751,550 |
| Net assets without donor restrictions | $3,962,818 |
| Net assets with donor restrictions | $200,433 |
| 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 | $5,914,801 |