2026-04-15T16:47:35-05:00 2025-06-30 742920819 ATCHLEY & ASSOCIATES LLP 1005 LA POSADA DRIVE AUSTIN TX 78752 990 2024-07-01 743020203 HEADWATERS SCHOOL HEAD 5124808142 801 RIO GRANDE ST AUSTIN TX 78701 MAGDALENA VIAL BOARD CHAIR 5124808142 2026-04-14 1 1 RENAE DUNCAN P01257722 5123462086 2026-04-14 2024 2025-03-06 01:10:19Z MAGDALENA VIAL 801 RIO GRANDE ST AUSTIN TX 78701 12397389 0 X WWW.HEADWATERS.ORG X 2001 TX BEGINNING WITH A MONTESSORI FOUNDATION AND PROGRESSING TO THE INTERNATIONAL BACCALAUREATE (IB) DIPLOMA PROGRAMME, HEADWATERS SERVES STUDENTS FROM EARLY CHILDHOOD THROUGH GRADE 12 TO LIVE AUTHENTICALLY, THINK EXPANSIVELY, AND CREATE BRAVELY. WE ARE INSPIRED, ORGANIZED, AND GUIDED BY OUR PURPOSE, PROMISE, AND PACT. THESE IDEAS SERVE AS THE FOUNDATION FOR OUR DAILY WORK. 10 10 170 100 0 0 1139403 228915 11742140 11855158 236870 188059 53807 105700 13172220 12377832 990654 977540 0 0 7806793 8577347 0 0 490139 3757161 3026642 12554608 12581529 617612 -203697 20779124 25222823 10952965 15560910 9826159 9661913 X BEGINNING WITH A MONTESSORI FOUNDATION AND PROGRESSING TO THE INTERNATIONAL BACCALAUREATE (IB) DIPLOMA PROGRAMME, HEADWATERS SERVES STUDENTS FROM EARLY CHILDHOOD THROUGH GRADE 12 TO LIVE AUTHENTICALLY, THINK EXPANSIVELY, AND CREATE BRAVELY. WE ARE INSPIRED, ORGANIZED, AND GUIDED BY OUR PURPOSE, PROMISE, AND PACT. THESE IDEAS SERVE AS THE FOUNDATION FOR OUR DAILY WORK. 0 0 9670841 977540 11934945 EDUCATION FOR EARLY CHILDHOOD THROUGH GRADE 12. 9670841 1 1 0 0 0 0 1 0 0 0 1 0 0 1 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 39 0 1 170 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 10 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X ALEXANDRA PENRY 5125372026 801 RIO GRANDE ST AUSTIN TX 78701 JESSICA RIO BOARD MEMBER/TREASURER 0.25 X X 0 0 0 MAGDALENA VIAL CHAIR 5.00 X X 0 0 0 KEITH MARTIN VICE CHAIR 0.25 X X 0 0 0 TRACY MANIER BOARD MEMBER 0.25 X 0 0 0 ANAND ANBALAGAN TREASURER 0.25 X X 0 0 0 BRIAN SZYMCZAK SECRETARY 0.25 X X 0 0 0 STACEY JORDAN BOARD MEMBER (09/05/24 TO 12/13/24) 0.25 X 0 0 0 JEAN YANG BOARD MEMBER 0.25 X 0 0 0 MEGAN MOORE BOARD MEMBER 0.25 X 0 0 0 JOHN BERKOWITZ BOARD MEMBER 0.25 X 0 0 0 ED MUZIO BOARD MEMBER 0.25 X 0 0 0 TED GRAF HEAD OF SCHOOL 40.00 X 311590 0 17852 ALEXANDRA PENRY SR DIR FOR FINANCE AND ADVANCEMENT 40.00 X 163700 0 12660 ELIZABETH DEMAREST SR DIR OF EARLY CHILDHOOD 40.00 X 108131 0 9477 AVE LUKE-SIMPSON HIGH SCHOOL DIRECTOR 40.00 X 125732 0 3681 TERRA LYNCH MIDDLE SCHOOL DIRECTOR 40.00 X 105484 0 4219 TIMOTHY REILLY DIRECTOR 40.00 X 119850 0 4794 934487 0 52683 6 0 1 0 0 16653 212262 26468 228915 TUITION AND FEES 611600 11006232 11006232 OTHER PROGRAM REVENUE 611600 848926 848926 11855158 188059 188059 79787 0 79787 79787 79787 45470 16653 19557 25913 25913 12377832 11934945 0 213972 977540 977540 486874 344726 116618 25530 6914528 4895761 1656190 362577 165526 117199 39647 8680 472905 334835 113272 24798 537514 380581 128747 28186 22374 22374 25634 25634 156914 98550 53158 5206 81391 69996 10581 814 1126961 973841 142183 10937 230903 198577 30017 2309 539721 464160 70164 5397 108723 93502 14134 1087 CLASS EXPENSES 385684 385684 OTHER OPERATING EXPENSE 274186 227108 42738 4340 CAFE EXPENSES 29947 29947 REPAIRS & MAINTENANCE 22887 22887 21317 7939 3100 10278 12581529 9670841 2420549 490139 1958904 1051291 6196721 6807959 48823 103238 150568 132793 19452152 3939252 11761120 15512900 662988 1614642 20779124 25222823 127071 191422 3403888 3719355 6621916 6358209 3350000 800090 1941924 10952965 15560910 X 9746090 9593619 80069 68294 9826159 9661913 20779124 25222823 X -203697 14613 24838 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 1 10.70 0 0 1 0 12.00 2725 2826090 2826090 9803465 3031876 6771589 2852880 907376 1945504 3969717 3969717 15512900 REFUNDABLE DEPOSITS 62183 RIGHT OF USE ASSET 1552459 1614642 OPERATING LEASE LIABILITY 1552459 FINANCE LEASE LIABILITY 389465 1941924 X 11459300 14613 44395 59008 11400292 977540 977540 12377832 11623546 19557 19557 11603989 977540 977540 12581529 PART II, LINE 9: THE EASEMENT IS LISTED IN ORGANIZATION'S BALANCE SHEET UNDER FIXED ASSETS - LAND. THE EXPENSE TO MAINTAIN IT IS LISTED IN OUR FUNCTIONAL EXPENSE UNDER REPAIRS & MAINTENANCE - BIRD'S NEST. PART X, LINE 2: THE SCHOOL IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AS WELL AS STATE INCOME TAXES. UNRELATED BUSINESS INCOME, OF WHICH THE SCHOOL HAD NO SIGNIFICANT AMOUNTS FOR THE YEARS ENDED JUNE 30, 2025 AND 2024, IS SUBJECT TO FEDERAL INCOME TAXES. ACCORDINGLY, THERE IS NO PROVISION OR LIABILITY FOR FEDERAL INCOME TAXES IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE SCHOOL IS CLASSIFIED AS AN ORGANIZATION OTHER THAN A PRIVATE FOUNDATION. MANAGEMENT BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO ITS FISCAL YEAR ENDED JUNE 30, 2022. THE SCHOOL REGULARLY ASSESSES UNCERTAIN TAX POSITIONS IN EACH OF THE TAX JURISDICTIONS IN WHICH IT HAS OPERATIONS AND ACCOUNTS FOR THE RELATED FINANCIAL STATEMENT IMPLICATIONS. UNRECOGNIZED TAX BENEFITS ARE REPORTED USING THE TWO-STEP APPROACH UNDER WHICH TAX EFFECTS OF A POSITION ARE RECOGNIZED ONLY IF IT IS "MORE-LIKELY-THAN-NOT" TO BE SUSTAINED AND THE AMOUNT OF THE TAX BENEFIT RECOGNIZED IS EQUAL TO THE LARGEST TAX BENEFIT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED UPON ULTIMATE SETTLEMENT OF THE TAX POSITION. DETERMINING THE APPROPRIATE LEVEL OF UNRECOGNIZED TAX BENEFITS REQUIRES THE SCHOOL TO EXERCISE JUDGMENT REGARDING THE UNCERTAIN APPLICATION OF TAX LAW. THE AMOUNT OF UNRECOGNIZED TAX BENEFITS IS ADJUSTED WHEN INFORMATION BECOMES AVAILABLE OR WHEN AN EVENT OCCURS INDICATING A CHANGE IS APPROPRIATE. FUTURE CHANGES IN UNRECOGNIZED TAX BENEFITS REQUIREMENTS COULD HAVE A MATERIAL IMPACT ON THE RESULTS OF OPERATIONS. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE SCHOOL AND HAS CONCLUDED THAT AS OF JUNE 30, 2025 AND 2024, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 19,557. GRANT REFUND 24,838. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID AND GRANTS 977,540. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 19,557. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID AND GRANTS 977,540. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 POLICY IS POSTED ON THE SCHOOL'S WEBSITE. PACT CHALLENGE 6056 6056 480 FOUNDING DAY FLING 56067 10597 45470 9077 10000 1 62123 16653 45470 9077 10480 19557 25913 1 FINANCIAL AID, TUITION REMISSION, SIBLING DISCOUNTS, PAYMENT PLAN DISCOUNTS 257 977540 PART I, LINE 2: THE LEVEL OF FINANCIAL AID IS DETERMINED PRIMARILY BY MEASURING A FAMILY'S INCOME AGAINST THE SCHOOL'S TOTAL EDUCATION EXPENSES. THIS PROCESS TAKES INTO CONSIDERATION AS MANY FINANCIAL FACTORS AS POSSIBLE. X X 1 0 X X 0 0 0 0 0 0 0 0 0 TED GRAF HEAD OF SCHOOL 260592 0 30000 0 20998 0 12357 0 5495 0 329442 0 0 0 ALEXANDRA PENRY SR DIR FOR FINANCE AND ADVANCEMENT 163392 0 0 0 308 0 7140 0 5520 0 176360 0 0 0 PART I, LINE 1A TED GRAF RECEIVES A HOUSING ALLOWANCE OF $12,900. A WALLIS CULTURAL EDUCATION FACILITIES CORPORATION 760599530 NONEAVAIL 2020-09-23 7250000 REFINANCE OF DEBT 0 0 0 A 7250000 81733 48000 2020 1 0 1 1 A 0 0 1 0 0 0 0 0 0 A 0 X EQUIPMENT AND MATERIALS - EANS 8 17391 FMV X PASSES/TICKETS 46 3438 FMV X OTHER DONATED GOODS 80 3149 FMV X GIFT CARDS 45 2490 FMV 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE TAX RETURN IS REVIEWED IN DETAIL BY THE DIRECTOR OF FINANCE AND OPERATIONS OF SCHOOL AND THE TREASURER OF THE BOARD OF TRUSTEES. A REVIEWED FINAL COPY (WITH SCHEDULE B EXCLUDED FOR DONOR CONFIDENTIALITY) IS ALSO PROVIDED TO ALL BOARD OF TRUSTEES FOR THEIR REVIEW BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C ALL INTERESTED PARTIES ARE REQUIRED TO SIGN AN ACKNOWLEDGEMENT OF THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 TOP MANAGEMENT OFFICIALS' SALARIES ARE SET BY THE HEAD OF SCHOOL, WITH DATA FROM NAIS. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST, ANNUAL REPORT. FORM 990, PART XI, LINE 9: GOVERNMENT GRANT REFUND 24,838. FORM 990, PART XII, LINE 2C: THE OVERSIGHT PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.