Watershed School Inc
- Assets
- $5.0m
- Revenue
- $4.2m
- Investments
- $0.0
- Employees
- 53
- Location
- Boulder, CO
- Founding
- 06/2002
- Data as of
- 06/2022
- EIN
- 84-1600705
Organization Overview
Watershed School Inc is located in Boulder, CO. The organization was established in 2002. According to its NTEE Classification (B28) the organization is classified as: Special Education, under the broad grouping of Education and related organizations. As of 06/2022, Watershed School Inc employed 53 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Watershed School 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 06/2022, Watershed School Inc generated $4.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.2% each year . All expenses for the organization totaled $3.5m during the year ending 06/2022. While expenses have increased by 9.5% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SPARK ADVENTURE AND WONDER, FOSTER INQUIRY AND COMMUNITY, AND BUILD THE CHARACTER AND ABILITY OF STUDENTS TO TAKE ON THE WORLD'S GREATEST CHALLENGES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN THE 2021-22 SCHOOL YEAR, WATERSHED SCHOOL PROVIDED AN INNOVATIVE, CHALLENGING, COLLEGE PREPARATORY EDUCATION TO 100 STUDENTS IN GRADES 6-12. OUR STUDENTS DEVELOP AS CURIOUS LEARNERS, ADVENTUROUS SPIRITS, AND CARING, COMMITTED GLOBAL CITIZENS AS THEY ENGAGE IN WORK THAT MATTERS - WORK THAT HAS A POSITIVE IMPACT BEYOND THE WALLS OF THE SCHOOL. WE BELIEVE THAT SCHOOLS SHOULD NOT JUST HELP STUDENTS DEVELOP THE SKILLS AND HABITS FOR FUTURE SUCCESS, BUT SHOULD AWAKEN THEIR CURIOUSITY, EXPAND THEIR VIEW OF THE WORLD, AND EMPOWER THEM TO MAKE A DIFFERENCE IN THEIR LOCAL, REGIONAL AND GLOBAL COMMUNITIES. OUR PROGRAM INCLUDES SKILLS COURSES AND EXPEDITION COURSES. ---------- CONTINUED ON SCHEDULE O -----------
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy Breen Head Of Scho | Officer | 50 | $190,972 |
Tracy Halgren Chair | OfficerTrustee | 3 | $0 |
Erica Meyer Vice Chair | OfficerTrustee | 1 | $0 |
Paul Forward Treasurer | OfficerTrustee | 1 | $0 |
Sonia Schnitzer Secretary | OfficerTrustee | 1 | $0 |
Ryan Bass Trustee | 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 | $847,481 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $847,481 |
| Total Program Service Revenue | $3,354,634 |
| Investment income | $20,891 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $4,245,823 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $354,879 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $221,831 |
| Compensation of current officers, directors, key employees. | $38,594 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,583,865 |
| Pension plan accruals and contributions | $63,874 |
| Other employee benefits | $163,159 |
| Payroll taxes | $133,737 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,192 |
| Fees for services: Accounting | $9,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $27,877 |
| Advertising and promotion | $39,189 |
| Office expenses | $29,733 |
| Information technology | $44,361 |
| Royalties | $0 |
| Occupancy | $291,775 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,637 |
| Interest | $898 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $67,354 |
| Insurance | $71,232 |
| All other expenses | $12,216 |
| Total functional expenses | $3,460,708 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $494,969 |
| Savings and temporary cash investments | $2,533,639 |
| Pledges and grants receivable | $200,000 |
| Accounts receivable, net | $4,894 |
| 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 | $33,813 |
| Net Land, buildings, and equipment | $320,694 |
| Investments—publicly traded securities | $1,421,591 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,009,600 |
| Accounts payable and accrued expenses | $61,744 |
| Grants payable | $0 |
| Deferred revenue | $1,803,450 |
| 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 | $20,968 |
| Total liabilities | $1,886,162 |
| Net assets without donor restrictions | $1,488,667 |
| Net assets with donor restrictions | $1,634,771 |
| 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 | $5,009,600 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Watershed School Inc has recieved totaling $271,673.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $114,000 |
Community First Foundation Arvada, CO PURPOSE: GENERAL PURPOSE | $77,109 |
L & M Charitable Foundation Inc Dalas, TX PURPOSE: GENERAL SUPPORT CONTRIBUTION | $30,000 |
Anthony A Sirna Foundation Inc White Plains, NY PURPOSE: DONATION | $25,000 |
Miramar Charitable Foundation Ft Mitchell, KY PURPOSE: GENERAL PURPOSES | $25,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $314 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Accel Phoenix, AZ | $21,659,622 | $16,834,387 |
Denver Academy Inc Denver, CO | $58,736,787 | $16,828,553 |
Wyoming Child & Family Developement Inc Guernsey, WY | $6,930,984 | $14,164,050 |
Ddi Vantage Salt Lake City, UT | $1,827,900 | $10,802,741 |
Arizona Autism Charter Schools Inc Phoenix, AZ | $13,345,607 | $11,054,337 |
Gompers Phoenix, AZ | $18,286,874 | $10,952,471 |
Logan School For Creative Learning Inc Denver, CO | $15,343,690 | $7,097,890 |
New Way Academy Phoenix, AZ | $6,840,428 | $8,782,802 |
Grande Innovation Academy Casa Grande, AZ | $15,827,878 | $7,387,489 |
Joshua Inc Englewood, CO | $3,598,782 | $6,861,166 |
Inspiration Field La Junta, CO | $7,395,342 | $7,021,041 |
Stride Learning Center Cheyenne, WY | $8,289,903 | $6,324,677 |