2025-04-25T13:40:43-05:00 2024-06-30 871353108 EISNER ADVISORY GROUP LLC 733 THIRD AVENUE NEW YORK NY 100172703 990 2023-07-01 061609222 WATERSIDE SCHOOL INC WATE 2039758579 770 PACIFIC STREET STAMFORD CT 069020000 JOSEPH POWERS EXECUTIVE DIRECTOR 2039758579 2025-04-25 1 0 CANDICE METH P01306891 2129498700 2023 2025-03-06 01:10:19Z JOSEPH POWERS 770 PACIFIC STREET STAMFORD CT 069020000 38896608 0 X WWW.WATERSIDESCHOOL.ORG X 2001 CT TO PROVIDE AN EARLY YEAR EDUCATIONAL FOUNDATION FOR MOTIVATED, DISADVANTAGED CHILDREN. 25 23 109 5 48003 42303 4879436 5098253 4238157 4208483 2209539 1596540 0 48003 11327132 10951279 4065299 4052870 0 0 3917508 4379376 0 0 450544 2042330 2127458 10025137 10559704 1301995 391575 68105804 73779150 265723 305992 67840081 73473158 TO PROVIDE A SUPERB, WELL-ROUNDED EARLY YEAR EDUCATIONAL FOUNDATION FOR MOTIVATED, DISADVANTAGED CHILDREN, STARTING WITH PRE-KINDERGARTEN THROUGH FIFTH GRADE. 0 0 8744697 4052870 4208483 TO PROVIDE AN EDUCATIONAL PROGRAM TO CHILDREN IN GRADES KINDERGARTEN THROUGH FIFTH GRADE. 8744697 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 1 1 0 1 0 1 0 0 0 0 0 0 1 1 1 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 36 0 1 109 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 25 23 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X CHARLIE LEIGH 2039758579 770 PACIFIC STREET STAMFORD CT 069020000 X JOSEPH POWERS EXECUTIVE DIRECTOR (AS OF 7/1/23) 40.00 0.00 X X 180004 0 25527 LISA STUART CHAIR 4.00 0.00 X X 0 0 0 KONRAD KRUGER FOUNDER 4.00 0.00 X X 0 0 0 MICHAEL SCHWABE DIRECTOR & CHAIR FINANCE COMMITTEE 4.00 0.00 X X 0 0 0 A JOE DELGADO DIRECTOR 4.00 0.00 X 0 0 0 BART D OSMAN DIRECTOR 4.00 0.00 X 0 0 0 DANIEL TAYLOR DIRECTOR 4.00 0.00 X 0 0 0 DEBBY WEINBERG DIRECTOR 4.00 0.00 X 0 0 0 JAMES D CAREY DIRECTOR 4.00 0.00 X 0 0 0 JOHN HOCK DIRECTOR 4.00 0.00 X 0 0 0 JOSEPH BOATENG DIRECTOR 4.00 0.00 X 0 0 0 KEVIN GASVODA DIRECTOR 4.00 0.00 X 0 0 0 KIRSTEN DZIALGA DIRECTOR 4.00 0.00 X 0 0 0 MATTHEW LUCEY DIRECTOR 4.00 0.00 X 0 0 0 MERRICK R RICK KLEEMAN DIRECTOR 4.00 0.00 X 0 0 0 NANCY BETTER DIRECTOR 4.00 0.00 X 0 0 0 PHILIP A HADLEY DIRECTOR 4.00 0.00 X 0 0 0 RICHARD AXILROD DIRECTOR 4.00 0.00 X 0 0 0 ROBERT GLANVILLE DIRECTOR 4.00 0.00 X 0 0 0 ROBERT MORRIS DIRECTOR 4.00 0.00 X 0 0 0 ROSE SHABET DIRECTOR 4.00 0.00 X 0 0 0 TED FERRARONE DIRECTOR 4.00 0.00 X 0 0 0 TIM ARMSTRONG DIRECTOR 4.00 0.00 X 0 0 0 TOBY COBB DIRECTOR 4.00 0.00 X 0 0 0 WILLIAM HENNESSEY DIRECTOR 4.00 0.00 X 0 0 0 JAMEL KEELS HEAD OF SCHOOL - EX OFFICIO 40.00 0.00 X 184527 0 13839 KAITLYN E WINTERBOTTOM DIRECTOR OF DEVELOPMENT 40.00 0.00 X 152077 0 0 DUNCAN EDWARDS FORMER OFFICER, CONSULTANT 20.00 0.00 X 233000 0 0 JESSICA C CHANG DEAN OF STUDIES 40.00 0.00 X 102883 0 4817 DAVID OLSON EXECUTIVE DIRECTOR (THRU 6/30/23) 0.00 0.00 X 132500 0 11250 984991 0 55433 6 1 1 0 CULINART PO BOX 417632 BOSTON MA 02241 CATERING / FOOD SERVICES 303173 OFFIT CAPITAL ADVISORS 485 LEXINGTON AVE 24TH FL NEW YORK NY 10017 INVESTMENT ADVISORS 196879 2 X 5098253 65563 5098253 TUITION 611710 4208483 4208483 4208483 917517 917517 28624352 27945329 679023 679023 679023 PASS-THROUGH INCOME FROM K-1S 525990 48003 48003 48003 10951279 4208483 48003 1596540 231500 231500 3821370 3821370 596559 427045 111973 57541 3105849 2223312 582966 299571 82928 59364 15565 7999 308411 220775 57888 29748 285629 204467 53612 27550 2336 2336 60332 60332 196879 196879 100604 100604 31527 25222 4729 1576 78413 47048 23524 7841 112868 95938 16930 9079 9079 1720 1720 450582 382995 67587 77744 66082 11662 INSTRUCTIONAL AND OTHER 668614 612458 56156 CAFETERIA EXPENSES 318042 318042 CATERING COST 18718 18718 10559704 8744697 1364463 450544 2589705 2266863 1876885 4524725 781246 468949 67000 34000 22161400 6384089 16186083 15777311 27554261 26610430 19031758 24061200 18866 35672 68105804 73779150 210869 271726 54854 34266 265723 305992 X 45679312 48814793 22160769 24658365 67840081 73473158 68105804 73779150 391575 5241502 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 22040850 2065000 3078314 2298000 24886164 20531646 645000 1260204 396000 22040850 21583801 1575291 -2519446 108000 20531646 13623103 3035000 5035698 110000 21583801 11589206 1965000 68897 13623103 0.11000 0.73000 0.16000 0 0 8504680 8504680 12957456 5745329 7212127 699264 638760 60504 15777311 PRIVATE EQUITY AND HEDGE FUNDS 24061200 F 24061200 X 12174532 5241502 5241502 6933030 196879 3821370 4018249 10951279 6541455 0 6541455 196879 3821370 4018249 10559704 PART V, LINE 4: PURPOSE OF ENDOWMENT: THE SCHOOL'S ENDOWMENT CONSISTS OF INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES SUCH AS SCHOLARSHIP, AND SUCH FUNDS ARE EITHER DESIGNATED BY DONORS TO BE RESTRICTED IN PERPETUITY, OR ARE FUNDS DESIGNATED BY THE BOARD OF DIRECTORS AS WITHOUT RESTRICTION QUASI-ENDOWMENT. PART X, LINE 2: THE SCHOOL IS SUBJECT TO THE PROVISIONS OF THE FINANCIAL ACCOUNTING STANDARDS BOARD'S ACCOUNTING STANDARDS CODIFICATION ("ASC") TOPIC 740, INCOME TAXES, AS IT RELATES TO ACCOUNTING AND REPORTING FOR UNCERTAINTY IN INCOME TAXES. BECAUSE OF THE SCHOOL'S GENERAL TAX-EXEMPT STATUS, MANAGEMENT BELIEVES ASC TOPIC 740 HAS NOT HAD, AND IS NOT ANTICIPATED TO HAVE, A MATERIAL IMPACT ON THE SCHOOL'S FINANCIAL STATEMENTS. PART XI AND XII, LINE 4B FINANCIAL AID OF $3,821,370, NETTED AGAINST REVENUE PER AUDITED FINANCIAL STATEMENTS, INCLUDED IN EXPENSES PER FORM 990. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 NOTICE PUBLISHED ONCE A YEAR IN LOCAL NEWSPAPER. OTHER WRITTEN COMMUNICATIONS HAVE SIMILAR NOTICES. CENTRAL AMERICA AND THE CARIBBEAN INVESTMENTS 11902015 EUROPE (INCLUDING ICELAND & GREENLAND) INVESTMENTS 3891609 0 0 0 0 0 0 15793624 0 15793624 1 0 0 0 1 0 PART I, LINE 3, COLUMN F AMOUNTS REPORTED ON THE ACCRUAL BASIS OF ACCOUNTING. 1 EMORY UNIVERSITY 101 BJONES CENTER ATLANTA GA 30322 580566256 7500 0 STUDENT TUITION FORDHAM UNIVERSITY 441 E FORDHAM ROAD BRONX NY 10458 131740451 10000 0 STUDENT TUITION QUINNIPIAC UNIVERSITY 275 MOUNT CARMEL AVE HAMDEN CT 06518 060646701 15000 0 STUDENT TUITION SCHOOL OF THE HOLY CHILD 2225 WESTCHESTER AVENUE RYE NY 10580 131635305 8000 0 STUDENT TUITION THE UNQUOWA SCHOOL ASSOCIATION INC 981 STRATFIELD ROAD FAIRFIELD CT 06825 060646937 20000 0 STUDENT TUITION UNIVERSITY OF CONNECTICUT 233 GLENBROOK ROAD STORRS CT 06269 066070722 29000 0 STUDENT TUITION UNIVERSITY OF NEW ENGLAND 11 HILLS BEACH ROAD BIDDEFORD ME 04005 010211810 6000 0 STUDENT TUITION UNIVERSITY OF SOUTHERN CALIFORNIA 1150 WEST JEFFERSON BLVD LOS ANGELES CA 09089 951743515 10000 0 STUDENT TUITION VILLANOVA UNIVERSITY 800 LANCASTER AVENUE VILLANOVA PA 19085 231352688 8000 0 STUDENT TUITION 9 SCHOLARSHIP AND FINANCIAL AID 146 3821370 FMV PART I, LINE 2: THE WATERSIDE SCHOOL'S FINANCIAL AID COMMITTEE REVIEWS PARENT FINANCIAL STATEMENTS, INCLUDING INDIVIDUAL TAX RETURNS, AND AWARDS STUDENTS SCHOLARSHIPS ON THE BASIS OF FINANCIAL NEED. THE WATERSIDE SCHOOL COLLEGE SUCCESS SCHOLARSHIP ("CSS") PROGRAM IS A VALUABLE RESOURCE FOR ALUMNI WHO ARE LOOKING FOR FINANCIAL ASSISTANCE TO ATTEND COLLEGE. SCHOLARSHIP RECIPIENTS WILL BE ABLE TO ATTEND THE COLLEGE OF THEIR CHOICE WITHOUT HAVING TO INCUR AN UNMANAGEABLE BURDEN OF STUDENT DEBT. THIS WILL ALLOW THEM TO FOCUS ON THEIR STUDIES AND ACHIEVE THEIR ACADEMIC GOALS. THE CSS COMMITTEE REVIEWS THE ACADEMIC ACHIEVEMENT, EVIDENCE OF PARTICIPATION IN SCHOOL ACTIVITIES AND ACCEPTANCE TO AN ACCREDITED COLLEGE OR UNIVERSITY. X 1 1 X X X X 1 0 0 0 0 0 0 0 0 DUNCAN EDWARDS FORMER OFFICER, CONSULTANT 200000 0 0 0 33000 0 0 0 0 0 233000 0 0 0 JOSEPH POWERS EXECUTIVE DIRECTOR (AS OF 7/1/23) 156369 0 0 0 23635 0 8173 0 17354 0 205531 0 0 0 JAMEL KEELS HEAD OF SCHOOL - EX OFFICIO 184527 0 0 0 0 0 13839 0 0 0 198366 0 0 0 KAITLYN E WINTERBOTTOM DIRECTOR OF DEVELOPMENT 152077 0 0 0 0 0 0 0 0 0 152077 0 0 0 DAVID OLSON EXECUTIVE DIRECTOR (THRU 6/30/23) 112500 0 0 0 20000 0 11250 0 0 0 143750 0 0 0 PART I, LINE 1A AS STIPULATED IN A WRITTEN EMPLOYMENT AGREEMENT, THE EXECUTIVE DIRECTOR RECEIVED A HOUSING STIPEND IN 2023. PART I, LINE 4A THE FORMER EXECUTIVE DIRECTOR RECEIVED A SEVERANCE OF $20,000 IN 2023. DUNCAN EDWARDS FORMER OFFICER OF THE SCHOOL LOAN X 100000 34000 0 1 0 34000 ELIZA M KRUGER FAMILY MEMBER OF DIRECTOR 64462 SALARY 0 SALLY G EDWARDS FAMILY MEMBER OF FORMER OFFICER/DIRECTOR 42589 SALARY 0 JONATHAN J DUENNEBIER FAMILY MEMBER OF FORMER OFFICER/DIRECTOR 94904 SALARY 0 ELIZABETH HARRINGTON FAMILY MEMBER OF FORMER OFFICER/DIRECTOR 75834 SALARY 0 MARGARET O EDWARDS FAMILY MEMBER OF FORMER OFFICER/DIRECTOR 54923 SALARY 0 X 4 65563 PUBLISHED MARKET QUOTES 0 0 0 PART I, COLUMN (B): THE SCHOOL RECEIVED STOCK SECURITIES FROM 4 DONORS DURING FISCAL YEAR 2024. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY MANAGEMENT AND THE BOARD OF DIRECTORS BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C MONITORING OF CONFLICT OF INTEREST POLICY: ALL BOARD MEMBERS AND OFFICERS ARE ASKED TO COMPLETE A FORMAL CONFLICT OF INTEREST FORM/QUESTIONNAIRE ANNUALLY. THE REVIEW OF THE FORMS IS CONDUCTED BY A BOARD MEMBER AND NOTED IN THE APPROPRIATE MINUTES. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS AGREES UPON CERTAIN CREDENTIALS, SKILLS, EXPERIENCE AND EXPERTISE THAT WOULD BE REQUIRED OF A PROSPECTIVE SCHOOL EMPLOYEE. SURVEYS AND RESEARCH ARE DONE (INCLUDING THE COMPARISON OF OTHER SIMILAR SCHOOLS' COMPENSATION POLICIES) TO DETERMINE REASONABLE COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS, FORM 990S, AND GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART VII, SECTION A DUNCAN EDWARDS WAS COMPENSATED AS AN OUTSIDE CONSULTANT IN CALENDAR YEAR 2023. FORM 990, PART VIII, LINE 2A THE TUITION AND FEES OF $4,208,483 WERE REDUCED BY SCHOLARSHIPS TOTALING $3,821,370, RESULTING IN NET CASH RECEIPTS OF $387,113 FOR FISCAL YEAR 2024. IT IS THE SCHOOL'S POLICY THAT FAMILIES ARE ONLY CHARGED TUITION BASED ON WHAT THEY CAN AFFORD.