Watermark Classical Academy
- Assets
- $1.6m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 12
- Location
- Sewickley, PA
- Founding
- Data as of
- 12/2022
- EIN
- 84-4704783
Organization Overview
Watermark Classical Academy is located in Sewickley, PA. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 12/2022, Watermark Classical Academy employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Watermark Classical 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 12/2022, Watermark Classical Academy generated $1.3m in total revenue. All expenses for the organization totaled $515.6k during the year ending 12/2022. While expenses have increased by 46.5% per year over the past 3 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
GRADES K-8 HOMESCHOOLING CLASSES
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION EMPLOYS ELEVEN CLASSROOM TEACHERS AND FOUR PART-TIME TEACHERS WHO PARTNER WITH PARENTS TO PROVIDE CLASSICAL INSTRUCTION FROM A CHRISTIAN WORLDVIEW IN CORE CONTENT AREAS. SERVICES WERE PROVIDED TO 139 STUDENTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anna Conley Head Of Scho | OfficerTrustee | 40 | $62,100 |
Caleb Vits Head Of Scho | OfficerTrustee | 40 | $49,680 |
Justin Bryan President | OfficerTrustee | 3 | $0 |
Brendan Conley Treasurer | OfficerTrustee | 3 | $0 |
Brittany Kinol Director | Trustee | 1 | $0 |
Adam Lucas Director | Trustee | 2 | $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 | $830,050 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $830,050 |
| Total Program Service Revenue | $441,619 |
| Investment income | $20 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$926 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,270,763 |
| 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. | $111,780 |
| Compensation of current officers, directors, key employees. | $22,356 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $237,260 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $29,021 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,625 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $10,601 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $36,208 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $12,078 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,060 |
| Insurance | $6,502 |
| All other expenses | $11,822 |
| Total functional expenses | $515,551 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $137,477 |
| Savings and temporary cash investments | $512,491 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $17,110 |
| 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 | $3,069 |
| Net Land, buildings, and equipment | $962,499 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,161 |
| Total assets | $1,639,807 |
| Accounts payable and accrued expenses | $18,155 |
| Grants payable | $0 |
| Deferred revenue | $98,761 |
| 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 | $595,747 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $7,381 |
| Total liabilities | $720,044 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $919,763 |
| Total liabilities and net assets/fund balances | $1,639,807 |