WATERFORD INSTITUTE INC: Form 990, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- WATERFORD INSTITUTE INC (EIN 51-0202349)
- Tax period
- 2022-09-01 to 2023-08-31
- Filed
- 2024-07-15
- IRS object ID
- 202411979349302666
- Schema version
- 2022v5.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule F
- Schedule J
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-07-15T17:43:22-05:00 | ReturnTs |
| Tax Period End | 2023-08-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 202253063 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TANNER LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 36 S STATE STREET SUITE 600 | AddressLine1Txt |
| City | SALT LAKE CITY | CityNm |
| State Abbreviation | UT | StateAbbreviationCd |
| ZIP | 84111 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2022-09-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 510202349 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WATERFORD INSTITUTE INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | WATE | BusinessNameControlTxt |
| Phone | 8015764900 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4246 SOUTH RIVERBOAT ROAD | AddressLine1Txt |
| City | TAYLORSVILLE | CityNm |
| State Abbreviation | UT | StateAbbreviationCd |
| ZIP | 84123 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | TOM NESS | PersonNm |
| Person Title | CFO | PersonTitleTxt |
| Phone | 8015764900 | PhoneNum |
| Signature | 2024-07-15 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | TOM | PersonFirstNm |
| Person Last | NESS | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | XXX-XX-XXXX | SSN |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | MARC A METCALF | PreparerPersonNm |
| PTIN | P00170461 | PTIN |
| Phone | 8015327444 | PhoneNum |
| Preparation | 2024-07-15 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2022 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990 IRS990
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4246 SOUTH RIVERBOAT ROAD | AddressLine1Txt |
| City | TAYLORSVILLE | CityNm |
| State Abbreviation | UT | StateAbbreviationCd |
| ZIP | 84123 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $73,532,657 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | N/A | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1976 | FormationYr |
| Legal Domicile State | UT | LegalDomicileStateCd |
| Activity Or Mission | PROVIDING ACADEMIC EQUITY FOR ALL LEARNERS THROUGH COMMUNITY, SCHOOL, AND HOME PROGRAMS. | ActivityOrMissionDesc |
| Voting Members Governing Body | 9 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 7 | VotingMembersIndependentCnt |
| Total Employee | 448 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $9,207,396 | PYContributionsGrantsAmt |
| CY Contributions Grants | $18,360,495 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $49,744,696 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $53,656,488 | CYProgramServiceRevenueAmt |
| PY Investment Income | $34,423 | PYInvestmentIncomeAmt |
| CY Investment Income | $1,493,332 | CYInvestmentIncomeAmt |
| PY Other Revenue | $41,673 | PYOtherRevenueAmt |
| CY Other Revenue | $22,342 | CYOtherRevenueAmt |
| PY Total Revenue | $59,028,188 | PYTotalRevenueAmt |
| CY Total Revenue | $73,532,657 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $34,749,854 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $39,263,910 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $477,370 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $22,998,744 | PYOtherExpensesAmt |
| CY Other Expenses | $21,173,917 | CYOtherExpensesAmt |
| PY Total Expenses | $57,748,598 | PYTotalExpensesAmt |
| CY Total Expenses | $60,437,827 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $1,279,590 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $13,094,830 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $68,734,767 | TotalAssetsBOYAmt |
| Total Assets EOY | $72,458,924 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $55,658,477 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $46,222,101 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $13,076,290 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $26,236,823 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | PROVIDING ACADEMIC EQUITY FOR ALL LEARNERS THROUGH COMMUNITY, SCHOOL, AND HOME PROGRAMS. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $54,470,707 | ExpenseAmt |
| Revenue | $53,678,830 | RevenueAmt |
| Desc | WATERFORD.ORG SEEKS TO BLEND THE BEST ASPECTS OF LEARNING SCIENCE, MENTORING RELATIONSHIPS, AND INNOVATIVE TECHNOLOGIES TO FORM COMMUNITY, SCHOOL, AND HOME PROGRAMS THAT DELIVER EXCELLENCE AND EQUITY FOR ALL LEARNERS. OUR COLLABORATIVE MODEL OF CHILD, FAMILY, AND EDUCATOR ENGAGEMENT DELIVERS SIGNIFICANT AND LASTING GAINS IN ACADEMIC ACHIEVEMENT. SCHOOL, LEGISLATIVE AND PHILANTHROPIC SPONSORS ENABLE WATERFORD UPSTART, OUR AT-HOME, KINDERGARTEN READINESS PROGRAM, TO PREPARE FOUR- AND FIVE-YEAR OLD CHILDREN FOR SCHOOL. SPONSORS CUSTOMIZE WATERFORD UPSTART BASED ON LOCAL NEEDS, CHOOSING FROM OUR ARRAY OF CAPABILITIES IN CURRICULUM & INSTRUCTION, EDUCATOR SERVICES, FAMILY SERVICES, ACCESSIBILITY, AND PROGRAM MANAGEMENT. THE INSTRUCTIONAL SOFTWARE AND OTHER DIGITAL COMPONENTS OF WATERFORD UPSTART CONTINUE INTO KINDERGARTEN AND GO THROUGH THIRD GRADE, AND THESE ARE AVAILABLE FOR SCHOOL PURCHASE AS WATERFORD READING ACADEMY - A COMPREHENSIVE, INDIVIDUALIZED AND ADAPTIVE PLATFORM THAT GUIDES STUDENTS WHILE "LEARNING TO READ AND "READING TO LEARN." | Desc |
| Total Program Service Expenses | $54,470,707 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | Yes (1) | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | 0 | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | Yes (1) | ForeignOfficeInd |
| Foreign Activities | Yes (1) | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | Yes (1) | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | Yes (1) | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 40 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 448 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | Yes (1) | ForeignFinancialAccountInd |
| Foreign Country | RO | ForeignCountryCd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 9 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 7 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | 0 | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | UT | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NY | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WATERFORD INSTITUTE - TOM NESS | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 8013492218 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4246 SOUTH RIVERBOAT ROAD | AddressLine1Txt |
| City | TAYLORSVILLE | CityNm |
| State Abbreviation | UT | StateAbbreviationCd |
| ZIP | 84123 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (28 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Key EmployeeKeyEmployeeInd | Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd |
|---|---|---|---|---|---|---|---|---|---|
| DAVID ANDREW MYERS | |||||||||
| CEO CHIEF EXECUTIVE OFFICER | 40.00 | Yes (X) | $414,107 | $0 | $46,077 | ||||
| EDWARD BENJAMIN HEUSTON | |||||||||
| EXECUTIVE DIRECTOR | 40.00 | $337,721 | $0 | $36,512 | Yes (X) | ||||
| WINDY ROSEMEYER | |||||||||
| DIRECTOR SCHOOL RELATIONS | 40.00 | $335,168 | $0 | $39,578 | Yes (X) | ||||
| JODI SOHRT | |||||||||
| DIRECTOR SCHOOL RELATIONS | 40.00 | $317,761 | $0 | $39,578 | Yes (X) | ||||
| SHERI BLACK | |||||||||
| VP OF SCHOOL RELATIONS | 40.00 | $314,886 | $0 | $34,404 | Yes (X) | ||||
| CLAUDIA MINER | |||||||||
| EXECUTIVE DIRECTOR & CO-FOUNDER OF UPSTART | 40.00 | $271,313 | $0 | $20,844 | Yes (X) | ||||
| CHRISTOPHER STEVENSON | |||||||||
| EXECUTIVE VICE PRESIDENT OF SCHOOL RELATIONS | 40.00 | $260,714 | $0 | $46,078 | Yes (X) | ||||
| DANIEL NEWBOLD | |||||||||
| SENIOR DIRECTOR OF SCHOOL RELATIONS | 40.00 | $260,299 | $0 | $31,244 | Yes (X) | ||||
| THOMAS NESS | |||||||||
| CHIEF FINANCIAL OFFICER | 40.00 | Yes (X) | $258,325 | $0 | $39,017 | ||||
| CLARK H BEAL | |||||||||
| INTERIM SVP SCHOOL RELATIONS | 40.00 | $226,484 | $0 | $35,175 | Yes (X) | ||||
| RICHARD STOMBRES | |||||||||
| SENIOR VICE PRESIDENT- GOVERNMENT RELATIONS | 40.00 | $217,674 | $0 | $29,940 | Yes (X) | ||||
| DONIQUE CHANEL NOBLES MUHAMMAD | |||||||||
| SENIOR VICE PRESIDENT OF OUTREACH | 40.00 | $216,427 | $0 | $10,788 | Yes (X) | ||||
| KATHY LANDON | |||||||||
| CHIEF OPERATING OFFICER | 40.00 | Yes (X) | $212,930 | $0 | $19,909 | ||||
| MICHAEL HIGHT | |||||||||
| CHIEF TECHNOLOGY OFFICER | 40.00 | Yes (X) | $209,775 | $0 | $29,832 | ||||
| LORI PUGH | |||||||||
| CHIEF PEOPLE OFFICER | 40.00 | Yes (X) | $205,163 | $0 | $22,217 | ||||
| BRECK NIELSEN | |||||||||
| DIRECTOR SCHOOL RELATIONS | 40.00 | $204,543 | $0 | $26,746 | Yes (X) | ||||
| LEAH DOZIER WALKER | |||||||||
| EVP, EQUITY AND INCLUSION | 40.00 | $197,978 | $0 | $29,365 | Yes (X) | ||||
| BRANDON SMITH | |||||||||
| DIRECTOR SCHOOL RELATIONS | 40.00 | $192,993 | $0 | $24,806 | Yes (X) | ||||
| SCOTT WOOD | |||||||||
| SVP OF TECHNOLOGY | 40.00 | $186,976 | $0 | $30,657 | Yes (X) | ||||
| ROB HAWKS | |||||||||
| DIRECTOR SCHOOL RELATIONS | 40.00 | $175,677 | $0 | $32,018 | Yes (X) | ||||
| ALLISON GUSHEE MOLKENTHIN | |||||||||
| BOARD CHAIR | 5.00 | $0 | $0 | $0 | Yes (X) | ||||
| JAMES HOLBROOK | |||||||||
| BOARD MEMBER | 2.00 | $0 | $0 | $0 | Yes (X) | ||||
| TODD CRANNEY | |||||||||
| BOARD MEMBER | 2.00 | $0 | $0 | $0 | Yes (X) | ||||
| WAYNE YSAGUIRRE | |||||||||
| BOARD MEMBER | 2.00 | $0 | $0 | $0 | Yes (X) | ||||
| ANN CHRISTENSEN | |||||||||
| BOARD MEMBER | 2.00 | $0 | $0 | $0 | Yes (X) | ||||
| STEPHANIE MONROE | |||||||||
| BOARD MEMBER | 2.00 | $0 | $0 | $0 | Yes (X) | ||||
| ERNEST BLACKWELL | |||||||||
| BOARD MEMBER | 2.00 | $0 | $0 | $0 | Yes (X) | ||||
| MATT GRIMES | |||||||||
| BOARD MEMBER | 2.00 | $0 | $0 | $0 | Yes (X) | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $5,016,914 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $624,785 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 33 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | Yes (1) | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| EVALUATION AND TRAINING INSTITUTE | |||||
| 100 CORPORATE POINTE SUITE 387 | CULVER CITY | CA | 90230 | EVALUATION SERVICES | $1,067,537 |
| AMAZON WEB SERVICES INC | |||||
| PO BOX 84023 | SEATTLE | WA | 98124 | PROFESSIONAL CONSULTING SERVICES | $930,214 |
| KIPI BI LLC | |||||
| 13357 CRESTMOOR DR | FRISCO | TX | 75035 | SOLUTION ARCHITECT CONSULTANTS | $214,794 |
| THOMPSON COBURN LLP | |||||
| PO BOX 18379M | ST LOUIS | MO | 63195 | CONSULTANT | $201,600 |
| SHANNAN SKIDMORE CONSULTING SERVICES LL | |||||
| 12113 E NEX PERCE LANE | SPOKANE | WA | 99206 | GRANT WRITER CONSULTANT | $197,065 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 9 | CntrctRcvdGreaterThan100KCnt |
| All Other Contributions | $18,360,495 | AllOtherContributionsAmt |
| Total Contributions | $18,360,495 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | GOVT AGENCY FEES | Desc |
| Total Revenue Column | $53,656,488 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $53,656,488 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $53,656,488 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,493,332 | TotalRevenueColumnAmt |
| Exclusion | $1,493,332 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OTHER INCOME | Desc |
| Total Revenue Column | $22,342 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $22,342 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $22,342 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $73,532,657 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $53,678,830 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $1,493,332 | ExclusionAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,016,914 | TotalAmt |
| Program Services | $4,519,862 | ProgramServicesAmt |
| Management And General | $457,288 | ManagementAndGeneralAmt |
| Fundraising | $39,764 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $26,855,880 | TotalAmt |
| Program Services | $24,195,127 | ProgramServicesAmt |
| Management And General | $2,447,893 | ManagementAndGeneralAmt |
| Fundraising | $212,860 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,249,833 | TotalAmt |
| Program Services | $4,729,705 | ProgramServicesAmt |
| Management And General | $478,518 | ManagementAndGeneralAmt |
| Fundraising | $41,610 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,141,283 | TotalAmt |
| Program Services | $1,929,135 | ProgramServicesAmt |
| Management And General | $195,176 | ManagementAndGeneralAmt |
| Fundraising | $16,972 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $53,745 | TotalAmt |
| Program Services | $48,420 | ProgramServicesAmt |
| Management And General | $4,899 | ManagementAndGeneralAmt |
| Fundraising | $426 | FundraisingAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $205,133 | TotalAmt |
| Program Services | $184,809 | ProgramServicesAmt |
| Management And General | $18,698 | ManagementAndGeneralAmt |
| Fundraising | $1,626 | FundraisingAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,886,762 | TotalAmt |
| Program Services | $2,886,762 | ProgramServicesAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,274,497 | TotalAmt |
| Program Services | $1,902,930 | ProgramServicesAmt |
| Management And General | $341,842 | ManagementAndGeneralAmt |
| Fundraising | $29,725 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,468,777 | TotalAmt |
| Program Services | $3,125,107 | ProgramServicesAmt |
| Management And General | $316,176 | ManagementAndGeneralAmt |
| Fundraising | $27,494 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,103,654 | TotalAmt |
| Program Services | $6,399,857 | ProgramServicesAmt |
| Management And General | $647,493 | ManagementAndGeneralAmt |
| Fundraising | $56,304 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $586,650 | TotalAmt |
| Program Services | $528,527 | ProgramServicesAmt |
| Management And General | $53,473 | ManagementAndGeneralAmt |
| Fundraising | $4,650 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,501,392 | TotalAmt |
| Program Services | $2,253,566 | ProgramServicesAmt |
| Management And General | $228,000 | ManagementAndGeneralAmt |
| Fundraising | $19,826 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $287,834 | TotalAmt |
| Program Services | $259,317 | ProgramServicesAmt |
| Management And General | $26,236 | ManagementAndGeneralAmt |
| Fundraising | $2,281 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $245,364 | TotalAmt |
| Program Services | $221,054 | ProgramServicesAmt |
| Management And General | $22,365 | ManagementAndGeneralAmt |
| Fundraising | $1,945 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $154,365 | TotalAmt |
| Program Services | $139,071 | ProgramServicesAmt |
| Management And General | $14,070 | ManagementAndGeneralAmt |
| Fundraising | $1,224 | FundraisingAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| POSTAGE | $520,791 | $469,193 | $47,470 | $4,128 |
| PRINTING | $244,395 | $220,182 | $22,276 | $1,937 |
| CONTRACT SERVICES | $241,381 | $217,466 | $22,002 | $1,913 |
| OTHER | $225,981 | $84,580 | $130,089 | $11,312 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $173,196 | TotalAmt |
| Program Services | $156,037 | ProgramServicesAmt |
| Management And General | $15,786 | ManagementAndGeneralAmt |
| Fundraising | $1,373 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $60,437,827 | TotalAmt |
| Program Services | $54,470,707 | ProgramServicesAmt |
| Management And General | $5,489,750 | ManagementAndGeneralAmt |
| Fundraising | $477,370 | FundraisingAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $25,044,790 | BOYAmt |
| EOY | $33,710,918 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,193,711 | BOYAmt |
| EOY | $892,850 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $25,682,012 | BOYAmt |
| EOY | $26,518,985 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,102,510 | BOYAmt |
| EOY | $2,263,700 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,126,799 | BOYAmt |
| EOY | $2,163,597 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $1,995,841 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $637,996 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $146,590 | BOYAmt |
| EOY | $1,357,845 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,438,355 | BOYAmt |
| EOY | $5,551,029 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $68,734,767 | BOYAmt |
| EOY | $72,458,924 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,463,936 | BOYAmt |
| EOY | $6,728,120 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $42,469,464 | BOYAmt |
| EOY | $33,908,572 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,725,077 | BOYAmt |
| EOY | $5,585,409 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $55,658,477 | BOYAmt |
| EOY | $46,222,101 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,882,579 | BOYAmt |
| EOY | $21,007,181 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,193,711 | BOYAmt |
| EOY | $5,229,642 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $13,076,290 | BOYAmt |
| EOY | $26,236,823 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $68,734,767 | BOYAmt |
| EOY | $72,458,924 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $13,094,830 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $65,703 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (1) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (1) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $33,020,068 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $50,607,260 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $58,044,668 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $58,993,765 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $72,039,325 | CurrentTaxYearAmt |
| Total | $272,705,086 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $33,020,068 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $50,607,260 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $58,044,668 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $58,993,765 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $72,039,325 | CurrentTaxYearAmt |
| Total | $272,705,086 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $10,908,025 | SubstantialContributorsTotAmt |
| Public Support Total170 | $261,797,061 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $360 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $93,139 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $35,933 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $34,423 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,493,332 | CurrentTaxYearAmt |
| Total | $1,657,187 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $274,362,273 | TotalSupportAmt |
| Public Support CY170 | 0.95420 | PublicSupportCY170Pct |
| Public Support PY170 | 0.99400 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Political Expenditures | $0 | PoliticalExpendituresAmt |
| Volunteer Hours | 0 | VolunteerHoursCnt |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Volunteers | 0 | VolunteersInd |
| Paid Staff Or Management | Yes (1) | PaidStaffOrManagementInd |
| Media Advertisements | 0 | MediaAdvertisementsInd |
| Mailings Members | 0 | MailingsMembersInd |
| Publications Or Broadcast | 0 | PublicationsOrBroadcastInd |
| Grants Other Organizations | Yes (1) | GrantsOtherOrganizationsInd |
| Grants Other Organizations | $1,150,000 | GrantsOtherOrganizationsAmt |
| Direct Contact Legislators | Yes (1) | DirectContactLegislatorsInd |
| Rallies Demonstrations | 0 | RalliesDemonstrationsInd |
| Other Activities | 0 | OtherActivitiesInd |
| Total Lobbying Expenditures | $1,150,000 | TotalLobbyingExpendituresAmt |
| Not Described Section501c3 | 0 | NotDescribedSection501c3Ind |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART II-B, LINE 1: | FormAndLineReferenceDesc |
| Explanation | THE WATERFORD INSTITUTE LOBBIES TO INFORM AND EDUCATE LEGISLATORS ON PROGRAMS AND PRACTICES THAT MAY ENHANCE THE EDUCATION OF STUDENTS. | ExplanationTxt |
Schedule D IRS990ScheduleD
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,379,431 | OtherCostOrOtherBasisAmt |
| Depreciation | $144,181 | DepreciationAmt |
| Book Value | $1,235,250 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $616,410 | OtherCostOrOtherBasisAmt |
| Depreciation | $493,815 | DepreciationAmt |
| Book Value | $122,595 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $1,357,845 | TotalBookValueLandBuildingsAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $73,598,360 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $65,703 | NetUnrealizedGainsInvstAmt |
| Revenue Not Reported | $65,703 | RevenueNotReportedAmt |
| Revenue Subtotal | $73,532,657 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $73,532,657 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $60,228,141 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $2,380,719 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $2,380,719 | ExpensesNotReportedAmt |
| Expenses Subtotal | $57,847,422 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $2,590,405 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $2,590,405 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $60,437,827 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART X, LINE 2: | MANAGEMENT OF WATERFORD BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR THE INCOME TAX POSITIONS TAKEN AND TO BE TAKEN ON ITS TAX RETURN. A LIABILITY FOR UNCERTAIN TAX POSITIONS INITIALLY NEEDS TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS WHEN IT IS MORE-LIKELY-THAN-NOT THE POSITION WILL NOT BE SUSTAINED UPON EXAMINATION BY TAX AUTHORITIES. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | PROJECT UPSTART ACTIVITY REPORTED ON SEPARATE RETURN 2,380,719. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | INTERCOMPANY EXPENSES INCURRED 2,590,405. |
Schedule F IRS990ScheduleF
Account Activities Outside US AccountActivitiesOutsideUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Region | EUROPE (INCLUDING ICELAND AND GREENLAND) (ROMANIA) | RegionTxt |
| Offices | 1 | OfficesCnt |
| Employee | 43 | EmployeeCnt |
| Type Of Activities Conducted | PROGRAM SERVICES | TypeOfActivitiesConductedTxt |
| Specific Services Provided | SOFTWARE DEVELOPMENT AND TESTING FOR WATERFORD INSTITUTE, INC. | SpecificServicesProvidedTxt |
| Region Total Expenditures | $3,104,813 | RegionTotalExpendituresAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 1 | SubtotalOfficesCnt |
| Subtotal Employees | 43 | SubtotalEmployeesCnt |
| Continuation Total Office | 0 | ContinuationTotalOfficeCnt |
| Continuation Total Employee | 0 | ContinuationTotalEmployeeCnt |
| Total Office | 1 | TotalOfficeCnt |
| Total Employee | 43 | TotalEmployeeCnt |
| Subtotal Spent | $3,104,813 | SubtotalSpentAmt |
| Continuation Spent | $0 | ContinuationSpentAmt |
| Total Spent | $3,104,813 | TotalSpentAmt |
| Transfer To Foreign Corp | 0 | TransferToForeignCorpInd |
| Interest In Foreign Trust | 0 | InterestInForeignTrustInd |
| Foreign Corp Ownership | 0 | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | 0 | PassiveForeignInvestmestCoInd |
| Foreign Partnership | Yes (1) | ForeignPartnershipInd |
| Boycott Countries | 0 | BoycottCountriesInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART III ACCOUNTING METHOD: | FormAndLineReferenceDesc |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | Yes (1) | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (20 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DAVID ANDREW MYERS | ||||||||||||||
| CEO CHIEF EXECUTIVE OFFICER | $376,542 | $0 | $37,565 | $0 | $0 | $0 | $27,000 | $0 | $19,077 | $0 | $460,184 | $0 | $0 | $0 |
| EDWARD BENJAMIN HEUSTON | ||||||||||||||
| EXECUTIVE DIRECTOR | $337,572 | $0 | $149 | $0 | $0 | $0 | $17,435 | $0 | $19,077 | $0 | $374,233 | $0 | $0 | $0 |
| WINDY ROSEMEYER | ||||||||||||||
| DIRECTOR SCHOOL RELATIONS | $308,007 | $0 | $27,161 | $0 | $0 | $0 | $20,500 | $0 | $19,078 | $0 | $374,746 | $0 | $0 | $0 |
| JODI SOHRT | ||||||||||||||
| DIRECTOR SCHOOL RELATIONS | $223,420 | $0 | $94,341 | $0 | $0 | $0 | $20,500 | $0 | $19,078 | $0 | $357,339 | $0 | $0 | $0 |
| SHERI BLACK | ||||||||||||||
| VP OF SCHOOL RELATIONS | $239,820 | $0 | $75,066 | $0 | $0 | $0 | $20,500 | $0 | $13,904 | $0 | $349,290 | $0 | $0 | $0 |
| CLAUDIA MINER | ||||||||||||||
| EXECUTIVE DIRECTOR & CO-FOUNDER OF U | $271,171 | $0 | $142 | $0 | $0 | $0 | $14,377 | $0 | $6,467 | $0 | $292,157 | $0 | $0 | $0 |
| CHRISTOPHER STEVENSON | ||||||||||||||
| EXECUTIVE VICE PRESIDENT OF SCHOOL R | $199,553 | $0 | $61,161 | $0 | $0 | $0 | $27,000 | $0 | $19,078 | $0 | $306,792 | $0 | $0 | $0 |
| DANIEL NEWBOLD | ||||||||||||||
| SENIOR DIRECTOR OF SCHOOL RELATIONS | $195,626 | $0 | $64,673 | $0 | $0 | $0 | $12,166 | $0 | $19,078 | $0 | $291,543 | $0 | $0 | $0 |
| THOMAS NESS | ||||||||||||||
| CHIEF FINANCIAL OFFICER | $258,176 | $0 | $149 | $0 | $0 | $0 | $19,940 | $0 | $19,077 | $0 | $297,342 | $0 | $0 | $0 |
| CLARK H BEAL | ||||||||||||||
| INTERIM SVP SCHOOL RELATIONS | $127,012 | $0 | $99,472 | $0 | $0 | $0 | $20,500 | $0 | $14,675 | $0 | $261,659 | $0 | $0 | $0 |
| RICHARD STOMBRES | ||||||||||||||
| SENIOR VICE PRESIDENT- GOVERNMENT RE | $217,523 | $0 | $151 | $0 | $0 | $0 | $10,862 | $0 | $19,078 | $0 | $247,614 | $0 | $0 | $0 |
| DONIQUE CHANEL NOBLES MUHAMMAD | ||||||||||||||
| SENIOR VICE PRESIDENT OF OUTREACH | $216,357 | $0 | $70 | $0 | $0 | $0 | $10,788 | $0 | $0 | $0 | $227,215 | $0 | $0 | $0 |
| KATHY LANDON | ||||||||||||||
| CHIEF OPERATING OFFICER | $212,777 | $0 | $153 | $0 | $0 | $0 | $19,909 | $0 | $0 | $0 | $232,839 | $0 | $0 | $0 |
| MICHAEL HIGHT | ||||||||||||||
| CHIEF TECHNOLOGY OFFICER | $209,626 | $0 | $149 | $0 | $0 | $0 | $10,754 | $0 | $19,078 | $0 | $239,607 | $0 | $0 | $0 |
| LORI PUGH | ||||||||||||||
| CHIEF PEOPLE OFFICER | $205,021 | $0 | $142 | $0 | $0 | $0 | $15,750 | $0 | $6,467 | $0 | $227,380 | $0 | $0 | $0 |
| BRECK NIELSEN | ||||||||||||||
| DIRECTOR SCHOOL RELATIONS | $170,248 | $0 | $34,295 | $0 | $0 | $0 | $8,864 | $0 | $17,882 | $0 | $231,289 | $0 | $0 | $0 |
| LEAH DOZIER WALKER | ||||||||||||||
| EVP, EQUITY AND INCLUSION | $197,904 | $0 | $74 | $0 | $0 | $0 | $10,287 | $0 | $19,078 | $0 | $227,343 | $0 | $0 | $0 |
| BRANDON SMITH | ||||||||||||||
| DIRECTOR SCHOOL RELATIONS | $134,804 | $0 | $58,189 | $0 | $0 | $0 | $9,703 | $0 | $15,103 | $0 | $217,799 | $0 | $0 | $0 |
| SCOTT WOOD | ||||||||||||||
| SVP OF TECHNOLOGY | $186,827 | $0 | $149 | $0 | $0 | $0 | $11,579 | $0 | $19,078 | $0 | $217,633 | $0 | $0 | $0 |
| ROB HAWKS | ||||||||||||||
| DIRECTOR SCHOOL RELATIONS | $141,990 | $0 | $33,687 | $0 | $0 | $0 | $18,114 | $0 | $13,904 | $0 | $207,695 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 5 | FormAndLineReferenceDesc |
| Explanation | WATERFORD PROVIDES A VARIABLE COMPENSATION PROGRAM TO CERTAIN EMPLOYEES IN SCHOOL RELATIONS WHICH PROVIDES INCENTIVE COMMISSION PAYMENTS BASED ON SALES MADE TO SCHOOL DISTRICTS. WATERFORD PROVIDES A BONUS TO ALL EMPLOYEES THAT ARE NOT ELIGIBLE FOR A VARIABLE COMPENSATION PROGRAM. THIS BONUS IS PAID IF THE ORGANIZATION MEETS TOTAL ORGANIZATION GOALS. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION B, LINE 11B | THE TAX FIRM ENGAGED BY THE WATERFORD INSTITUTE AND THE WATERFORD INSTITUTE FINANCE TEAM WORK TOGETHER TO GATHER THE INFORMATION NECESSARY TO COMPLETE THE FORM 990. THE TAX FIRM PREPARES AN INITIAL DRAFT FORM 990, WHICH IS REVIEWED BY MANAGEMENT AS WELL AS THE BOARD OF TRUSTEES. ANY RECOMMENDED CHANGES AND COMMENTS ARE CONSIDERED AND THE FORM 990 IS UPDATED WITH A FINAL COPY DISTRIBUTED TO THE BOARD OF TRUSTEES PRIOR TO THE FILING OF THE FORM 990 WITH THE INTERNAL REVENUE SERVICE. |
| FORM 990, PART VI, SECTION B, LINE 12C | WE REQUEST BOARD MEMBERS TO DISCLOSE ANY CONFLICTS AT BOARD MEETINGS. |
| FORM 990, PART VI, SECTION B, LINE 15 | PERIODICALLY, AN INDEPENDENT COMPENSATION REVIEW TAKES PLACE FOR DAVID ANDREW MYERS AND BENJAMIN HEUSTON. THIS WAS LAST COMPLETED BY SULLIVANCOTTER FOR FISCAL YEAR END 8/31/2020. |
| FORM 990, PART VI, SECTION C, LINE 19 | THESE DOCUMENTS ARE MADE AVAILABLE UPON REQUEST. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Total IncomeTotalIncomeAmt | End Of Year AssetsEndOfYearAssetsAmt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Legal Domicile Foreign CountryLegalDomicileForeignCountryCd |
|---|---|---|---|---|---|---|---|---|---|
| WATERFORD RESEARCH INSTITUTE LLC | |||||||||
| 4246 SOUTH RIVERBOAT ROAD | TAYLORSVILLE | UT | 84123 | SOFTWARE DEVELOPMENT | UT | -$16,858,725 | $74,563,359 | WATERFORD INSTITUTE INC | |
| WATERFORD RESEARCH SRL | |||||||||
| 4246 SOUTH RIVERBOAT ROAD | TAYLORSVILLE | UT | 84123 | SOFTWARE DEVELOPMENT | -$231,770 | $947,698 | WATERFORD INSTITUTE INC | RO | |
| WATERFORD HOLDINGS LLC | |||||||||
| 4246 SOUTH RIVERBOAT ROAD | TAYLORSVILLE | UT | 84123 | HOLDING COMPANY | UT | $0 | $0 | WATERFORD INSTITUTE INC | |
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PROJECT UPSTART INC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4246 SOUTH RIVERBOAT ROAD | AddressLine1Txt |
| City | TAYLORSVILLE | CityNm |
| State Abbreviation | UT | StateAbbreviationCd |
| ZIP | 84123 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 842864795 | EIN |
| Primary Activities | LOBBYING | PrimaryActivitiesTxt |
| Legal Domicile State | UT | LegalDomicileStateCd |
| Exempt Code Section | 501(C)(4) | ExemptCodeSectionTxt |
| Public Charity Status | LINE 7 | PublicCharityStatusTxt |
| Controlled Organization | 0 | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | Yes (1) | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | Yes (1) | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (2 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| PROJECT UPSTART INC | ||
| B | $2,590,405 | CASH |
| PROJECT UPSTART INC | ||
| R | $131,737 | CASH |