2026-05-14T12:36:46-05:00 2025-06-30 871353108 EISNER ADVISORY GROUP LLC 733 THIRD AVENUE NEW YORK NY 100172703 990 2024-07-01 061609222 WATERSIDE SCHOOL INC WATE 2039758579 770 PACIFIC STREET STAMFORD CT 069020000 CHARLES LEIGH CONTROLLER 2039758579 2026-05-14 1 0 CANDICE METH P01306891 2129498700 2024 2025-03-06 01:10:19Z CHARLES LEIGH 770 PACIFIC STREET STAMFORD CT 069020000 23268467 0 X WWW.WATERSIDESCHOOL.ORG X 2001 CT TO PROVIDE AN EARLY YEAR EDUCATIONAL FOUNDATION FOR MOTIVATED, DISADVANTAGED CHILDREN. 25 24 97 0 144380 129042 5098253 4954164 4208483 4164946 1596540 1329346 48003 144380 10951279 10592836 4052870 4060126 0 0 4379376 4448987 0 0 457505 2127458 2233201 10559704 10742314 391575 -149478 73779150 78119884 305992 630251 73473158 77489633 TO PROVIDE A SUPERB, WELL-ROUNDED EARLY YEAR EDUCATIONAL FOUNDATION FOR MOTIVATED, DISADVANTAGED CHILDREN, STARTING WITH PRE-KINDERGARTEN THROUGH FIFTH GRADE. 0 0 8381378 4060126 4164946 TO PROVIDE AN EDUCATIONAL PROGRAM TO CHILDREN IN GRADES PRE-KINDERGARTEN THROUGH FIFTH GRADE. 8381378 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 31 0 1 97 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 25 24 0 0 0 0 0 0 0 1 1 0 0 1 1 0 0 1 1 1 1 0 X CHARLES LEIGH 2039758579 770 PACIFIC STREET STAMFORD CT 069020000 X JOSEPH POWERS EXECUTIVE DIRECTOR (THRU 6/30/25) 40.00 X X 368544 0 33500 LISA STUART CHAIR 4.00 X X 0 0 0 KONRAD KRUGER FOUNDER 4.00 X X 0 0 0 MICHAEL SCHWABE DIRECTOR & CHAIR FINANCE COMMITTEE 4.00 X X 0 0 0 A JOE DELGADO DIRECTOR 4.00 X 0 0 0 BART D OSMAN DIRECTOR 4.00 X 0 0 0 DANIEL TAYLOR DIRECTOR 4.00 X 0 0 0 DEBBY WEINBERG DIRECTOR 4.00 X 0 0 0 JAMES D CAREY DIRECTOR 4.00 X 0 0 0 JOHN HOCK DIRECTOR 4.00 X 0 0 0 JOSEPH BOATENG DIRECTOR 4.00 X 0 0 0 KEVIN GASVODA DIRECTOR 4.00 X 0 0 0 KIRSTEN DZIALGA DIRECTOR 4.00 X 0 0 0 MATTHEW LUCEY DIRECTOR 4.00 X 0 0 0 MERRICK R RICK KLEEMAN DIRECTOR 4.00 X 0 0 0 NANCY BETTER DIRECTOR 4.00 X 0 0 0 PHILIP A HADLEY DIRECTOR 4.00 X 0 0 0 RICHARD AXILROD DIRECTOR 4.00 X 0 0 0 ROBERT GLANVILLE DIRECTOR 4.00 X 0 0 0 ROBERT MORRIS DIRECTOR 4.00 X 0 0 0 ROSE SHABET DIRECTOR 4.00 X 0 0 0 TED FERRARONE DIRECTOR 4.00 X 0 0 0 TIM ARMSTRONG DIRECTOR 4.00 X 0 0 0 TOBY COBB DIRECTOR 4.00 X 0 0 0 WILLIAM HENNESSEY DIRECTOR 4.00 X 0 0 0 JAMEL KEELS DIRECTOR OF DEVELOPMENT 40.00 X 187522 0 12095 CHARLES LEIGH CONTROLLER 24.00 X 73699 0 0 DUNCAN EDWARDS FORMER OFFICER, CONSULTANT 20.00 X 233000 0 0 JESSICA C CHANG ASST HEAD OF SCHOOL 40.00 X 103909 0 9960 CORRIE DONALDSON DIRECTOR OF ADMISSIONS & TEACHER 40.00 X 102315 0 10113 LAVANDRA DUPREE PARENT SERVICES LEAD 40.00 X 101542 0 2382 JONATHAN DUENNEBIER DIR OF ALUMNI SUCCESS 40.00 X 106279 0 2366 1276810 0 70416 7 0 1 0 CULINART PO BOX 417632 BOSTON MA 02241 CATERING / FOOD SERVICES 305249 OFFIT CAPITAL ADVISORS 485 LEXINGTON AVE 24TH FL NEW YORK NY 10017 INVESTMENT ADVISORS 216333 2 X 4954164 273865 4954164 TUITION 611710 4164946 4164946 4164946 661671 661671 13343306 12675631 667675 667675 667675 PASS-THROUGH INCOME FROM K-1S 525990 144380 144380 144380 10592836 4164946 144380 1329346 264197 264197 3795929 3795929 733023 451582 223507 57934 3213109 1979451 979713 253945 81705 50334 24913 6458 155422 95748 47390 12284 265728 163703 81023 21002 8934 8934 67375 67375 227582 227582 177926 88001 89925 193882 155911 30049 7922 80350 48210 24105 8035 131400 111690 19710 5366 5366 1078 1078 453404 385125 68279 80267 68495 11772 INSTRUCTIONAL AND OTHER 485199 485199 CAFETERIA EXPENSES 320438 320438 10742314 8381378 1903431 457505 2266863 2042410 4524725 3309858 468949 434773 34000 22221399 6837493 15777311 15383906 26610430 30477175 24061200 26409579 35672 62183 73779150 78119884 271726 369717 216000 34266 12869 0 31665 305992 630251 X 48814793 49505847 24658365 27983786 73473158 77489633 73779150 78119884 X -149478 4365953 -200000 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 24886164 1322824 2708863 1852000 27065851 22040850 2065000 3078314 2298000 24886164 20531646 645000 1260204 396000 22040850 21583801 1575291 -2519446 108000 20531646 13623103 3035000 5035698 110000 21583801 0.07000 0.72000 0.21000 0 0 8504680 8504680 12975456 6173129 6802327 741263 664364 76899 15383906 PRIVATE EQUITY AND HEDGE FUNDS 26409579 F 26409579 FINANCE LEASE LIABILITY 31665 31665 X 10935278 4365953 4365953 6569325 227582 3795929 4023511 10592836 6918803 200000 200000 6718803 227582 3795929 4023511 10742314 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 ("FASB") 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. THE SCHOOL MAY BE SUBJECT TO TAXES ON UNRELATED BUSINESS INCOME PASSED THROUGH FROM ITS LIMITED-PARTNERSHIP INVESTMENTS. THE SCHOOL ACCRUES A LIABILITY FOR THIS TAX, AS NECESSARY. PART XI AND XII, LINE 4B FINANCIAL AID OF $3,795,929, NETTED AGAINST REVENUE PER AUDITED FINANCIAL STATEMENTS, INCLUDED IN EXPENSES PER FORM 990. PART XII, LINE 2D: THE SCHOOL INCURRED A LOSS ON UNCOLLECTIBLE ACCOUNTS OF $200,000 DURING THE FISCAL-YEAR ENDED JUNE 30, 2025. 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 - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, INVESTMENTS 13220398 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM INVESTMENTS 5014448 0 0 0 0 0 0 18234846 0 18234846 1 0 0 0 1 0 PART I, LINE 3, COLUMN F AMOUNTS REPORTED ON THE ACCRUAL BASIS OF ACCOUNTING. 1 COLGATE UNIVERSITY 13 OAK DRIVE HAMILTON NY 13346 150532078 501(C)(3) 10000 0 STUDENT TUITION FORDHAM UNIVERSITY 441 EAST FORDAM RD BRONX NY 10458 131740451 501(C)(3) 10000 0 STUDENT TUITION HAMILTON COLLEGE 198 COLLEGE HILL RD CLINTON NY 13323 150532200 501(C)(3) 10000 0 STUDENT TUITION HAMPTON UNIVERSITY 100 WILLIAM R HARVEY WAY HAMPTON VA 23668 540505990 501(C)(3) 10000 0 STUDENT TUITION HOWARD UNIVERSITY 2400 6TH ST NW WASHINGTON DC 20059 530204707 501(C)(3) 16500 0 STUDENT TUITION NORTHWESTERN UNIVERSITY 1201 DAVIS STREET EVANSTON IL 60208 362167817 501(C)(3) 6500 0 STUDENT TUITION QUINNIPIAC UNIVERSITY 275 MOUNT CARMEL AVE HAMDEN CT 06518 060646701 501(C)(3) 20000 0 STUDENT TUITION SACRED HEART UNIVERSITY 5151 PARK AVE FAIRFIELD CT 06825 060776644 501(C)(3) 10000 0 STUDENT TUITION UNIVERSITY OF CONNECTICUT 233 GLENBROOK ROAD STORRS CT 06269 066070722 GOVERNMENT 26500 0 STUDENT TUITION THE UNQUOWA SCHOOL 981 STRATFIELD RD FARIFIELD CT 06825 060646937 501(C)(3) 10000 0 STUDENT TUITION SACRED HEART GREENWICH 1177 KING STREET GREENWICH CT 06831 352425019 501(C)(3) 5670 0 STUDENT TUITION ARCHBISHOP STEPINAC HIGH SCHOOL 950 MAMARONECK AVE WHITE PLAINS NY 10605 270670780 501(C)(3) 10521 0 STUDENT TUITION 12 SCHOLARSHIP AND FINANCIAL AID 128 3795929 FMV REDUCTION OF TUITION 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 0 0 0 0 0 0 0 0 0 JOSEPH POWERS EXECUTIVE DIRECTOR (THRU 6/30/25) 344909 0 0 0 23635 0 16712 0 16788 0 402044 0 0 0 DUNCAN EDWARDS FORMER OFFICER, CONSULTANT 199000 0 0 0 34000 0 0 0 0 0 233000 0 0 0 JAMEL KEELS DIRECTOR OF DEVELOPMENT 187522 0 0 0 0 0 12095 0 0 0 199617 0 0 0 PART I, LINE 1A AS STIPULATED IN A WRITTEN EMPLOYMENT AGREEMENT, THE EXECUTIVE DIRECTOR RECEIVED A HOUSING STIPEND IN 2024. ELIZA M KRUGER FAMILY MEMBER OF DIRECTOR 66511 SALARY 0 SALLY G EDWARDS FAMILY MEMBER OF FORMER OFFICER/DIRECTOR 28573 SALARY 0 X 8 273865 PUBLISHED MARKET QUOTES 0 0 0 PART I, COLUMN (B): THE SCHOOL RECEIVED STOCK SECURITIES FROM 8 DONORS DURING FISCAL YEAR 2025. 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 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 2024. FORM 990, PART VIII, LINE 2A THE TUITION AND FEES OF $4,164,946 WERE REDUCED BY SCHOLARSHIPS TOTALING $3,795,929, RESULTING IN NET CASH RECEIPTS OF $369,017 FOR FISCAL YEAR 2025. IT IS THE SCHOOL'S POLICY THAT FAMILIES ARE ONLY CHARGED TUITION BASED ON WHAT THEY CAN AFFORD. FORM 990, PART XI, LINE 9: LOSS ON UNCOLLECTIBLE ACCOUNTS -200,000.