Waterford Institute Inc

Taylorsville, UT
Tax-exempt since Oct. 1976
EIN: 51-0202349

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Science and Technology Research Institutes, Services / Computer Science (NTEE)

Donations to this organization are tax deductible.

Revenue

$73.5M (2023)

Expenses

$60.4M (2023)

Total Assets

$72.5M (2023)

Total Liabilities

$46.2M (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings and Audits by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Audits are required to be submitted by nonprofit organizations that spend $750,000 or more in federal grant money in a fiscal year. "Single audits" look at the entire organization's finances and compliance, while other audits are program specific. Nonprofit Explorer has PDFs of audits for some nonprofits for fiscal year 2015 and later. Audit data is from the Federal Audit Clearinghouse.

Fiscal Year Ending Aug.
2023

Revenue

$73,532,657

Expenses

$60,437,827

Net Income

$13,094,830

Net Assets

$26,236,823

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$18,360,495	25.0%
Program Services	$53,656,488	73.0%
Investment Income	$1,493,332	2.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$22,342	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$5,016,914	8.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$26,855,880	44.4%

Assets/Debt
Total Assets	$72,458,924
Total Liabilities	$46,222,101
Net Assets	$26,236,823

Compensation

Key Employees and Officers	Compensation	Related	Other
David Andrew Myers (Ceo Chief Executive Officer)	$414,107	$0	$46,077
Edward Benjamin Heuston (Executive Director)	$337,721	$0	$36,512
Windy Rosemeyer (Director School Relations)	$335,168	$0	$39,578
Jodi Sohrt (Director School Relations)	$317,761	$0	$39,578
Sheri Black (Vp Of School Relations)	$314,886	$0	$34,404
Claudia Miner (Executive Director & Co Founder Of Upstart)	$271,313	$0	$20,844
Christopher Stevenson (Executive Vice President Of School Relations)	$260,714	$0	$46,078
Daniel Newbold (Senior Director Of School Relations)	$260,299	$0	$31,244
Thomas Ness (Chief Financial Officer)	$258,325	$0	$39,017
Clark H Beal (Interim Svp School Relations)	$226,484	$0	$35,175
Richard Stombres (Senior Vice President Government Relations)	$217,674	$0	$29,940
Donique Chanel Nobles Muhammad (Senior Vice President Of Outreach)	$216,427	$0	$10,788
Kathy Landon (Chief Operating Officer)	$212,930	$0	$19,909
Michael Hight (Chief Technology Officer)	$209,775	$0	$29,832
Lori Pugh (Chief People Officer)	$205,163	$0	$22,217
Breck Nielsen (Director School Relations)	$204,543	$0	$26,746
Leah Dozier Walker (Evp, Equity And Inclusion)	$197,978	$0	$29,365
Brandon Smith (Director School Relations)	$192,993	$0	$24,806
Scott Wood (Svp Of Technology)	$186,976	$0	$30,657
Rob Hawks (Director School Relations)	$175,677	$0	$32,018
Allison Gushee Molkenthin (Board Chair)	$0	$0	$0
James Holbrook (Board Member)	$0	$0	$0
Todd Cranney (Board Member)	$0	$0	$0
Wayne Ysaguirre (Board Member)	$0	$0	$0
Ann Christensen (Board Member)	$0	$0	$0
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990

Filed on July 15, 2024

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Audit for a nonprofit that spends $750,000+ in federal grant money in a fiscal year

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Fiscal Year Ending Aug.
2022

Revenue

$59,028,188

Expenses

$57,748,598

Net Income

$1,279,590

Net Assets

$13,076,290

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$9,207,396	15.6%
Program Services	$49,744,696	84.3%
Investment Income	$34,423	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$41,673	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$5,374,299	9.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$23,092,909	40.0%

Assets/Debt
Total Assets	$68,734,767
Total Liabilities	$55,658,477
Net Assets	$13,076,290

Compensation

Key Employees and Officers	Compensation	Related	Other
David Andrew Myers (Ceo)	$404,158	$0	$43,683
Sheri Black (Sr Director School Relations)	$374,822	$0	$40,484
Jodi Sohrt (Director School Relations)	$372,434	$0	$38,147
Edward Benjamin Heuston (Executive Director)	$368,619	$0	$38,005
Christoper Stevenson (Vp School Relations)	$353,816	$0	$45,078
Trevor Kerr (Vp Inside School Relations)	$345,261	$0	$38,578
Claudia Miner (Chief Upstart Officer)	$286,257	$0	$20,740
Jason Hoopes (Regional Vp)	$285,407	$0	$18,552
Daniel Newbold (Director School Relations)	$273,546	$0	$39,373
Thomas Ness (Cfo)	$269,725	$0	$33,123
Brandon Smith (Director School Relations)	$256,941	$0	$35,178
Michael Hight (Chief Technology Officer)	$223,415	$0	$12,039
Richard Stombres (Sr Vp Government Relations)	$220,321	$0	$30,524
Kathy Landon (Chief Program Officer)	$215,455	$0	$19,500
Lori Pugh (Chief People Officer)	$210,238	$0	$22,358
Mark Welling (Chief Marketing Officer)	$202,396	$0	$10,137
Scott Wood (Software Engineer)	$188,013	$0	$28,713
James Lund (Svp, Program Success)	$186,973	$0	$28,472
Michael Hudson (Director Of It And Dev Ops)	$172,785	$0	$22,527
Jennifer Torres (Svp, Curriculum & Instruction)	$163,718	$0	$8,170
Allison Gushee Molkenthin (Board Chair)	$0	$0	$0
Ernest Blackwell (Board Member)	$0	$0	$0
James Holbrook (Board Member)	$0	$0	$0
Todd Cranney (Board Member)	$0	$0	$0
Wayne Ysaguirre (Board Member)	$0	$0	$0
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990

Filed on July 17, 2023

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Audits

Audit for a nonprofit that spends $750,000+ in federal grant money in a fiscal year

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Fiscal Year Ending Aug.
2021

Revenue

$58,080,601

Expenses

$47,412,035

Net Income

$10,668,566

Net Assets

$11,592,856

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$11,319,011	19.5%
Program Services	$46,692,439	80.4%
Investment Income	$35,933	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$33,218	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$7,337,480	15.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$17,098,496	36.1%

Assets/Debt
Total Assets	$69,642,790
Total Liabilities	$58,049,934
Net Assets	$11,592,856

Compensation

Key Employees and Officers	Compensation	Related	Other
David Andrew Myers (President)	$520,226	$0	$33,016
Edward Benjamin Heuston (Ceo)	$332,835	$0	$23,136
Sheri Black (Sr Director School Relations)	$293,219	$0	$30,535
Christoper Stevenson (Vp School Relations)	$268,241	$0	$28,630
Claudia Miner (Chief Upstart Officer)	$261,909	$0	$18,216
Trevor Kerr (Vp Inside School Relations)	$249,349	$0	$34,573
Thomas Ness (Cfo)	$246,867	$0	$26,299
Ann Treacy (Sr Director Employee Relations)	$235,565	$0	$14,021
Daniel Newbold (Director School Relations)	$229,609	$0	$34,641
Jodi Sohrt (Director School Relations)	$216,919	$0	$24,974
Michael Hight (Chief Technology Officer)	$197,980	$0	$0
Jason Hoopes (Regional Vp)	$192,030	$0	$12,639
Kathy Landon (Chief Program Officer)	$188,748	$0	$19,500
Lori Pugh (Chief People Officer)	$184,673	$0	$14,489
Mark Welling (Chief Marketing Officer)	$171,111	$0	$8,365
Michael Hudson (Director Of It And Dev Ops)	$151,406	$0	$18,575
Michael Nelson (Director School Relations)	$144,304	$0	$0
Alfia Perrin (Sr Director Of School Relations)	$114,788	$0	$0
Jami Marino (Director School Relations)	$112,362	$0	$0
Timothy Hellbusch (School Relations Specialist)	$106,756	$0	$0
Steven Esposito (School Relations Specialist)	$101,896	$0	$0
Andrea Tompkins (Director School Relations)	$100,160	$0	$0
Allison Gushee Molkenthin (Board Chair)	$0	$0	$0
James Holbrook (Board Member)	$0	$0	$0
Todd Cranney (Board Member)	$0	$0	$0
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990

Filed on July 15, 2022

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Fiscal Year Ending Aug.
2020

Revenue

$50,700,399

Expenses

$42,677,643

Net Income

$8,022,756

Net Assets

$803,277

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$17,703,726	34.9%
Program Services	$32,899,567	64.9%
Investment Income	$93,139	0.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$3,967	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$3,592,652	8.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$16,194,163	37.9%

Assets/Debt
Total Assets	$37,694,597
Total Liabilities	$36,891,320
Net Assets	$803,277

Compensation

Key Employees and Officers	Compensation	Related	Other
David Andrew Myers (President)	$341,860	$0	$33,990
Edward Benjamin Heuston (Ceo)	$329,726	$0	$25,544
Christoper Stevenson (Vp School Relations)	$285,737	$0	$25,363
Sheri Black (Sr Director School Relations)	$276,609	$0	$24,917
Claudia Miner (Chief Upstart Officer)	$274,320	$0	$17,425
Thomas Ness (Cfo)	$249,089	$0	$16,352
Jami Marino (Director School Relations)	$231,260	$0	$20,013
Trevor Kerr (Vp Inside School Relations)	$221,333	$0	$27,402
Daniel Newbold (Director School Relations)	$209,898	$0	$30,999
Elizabeth Anne Brown (Vp Business Development)	$202,339	$0	$31,665
Richard Stombres (Sr Vp Government Relations)	$187,452	$0	$26,049
Lisa White (Vp Customer Success)	$181,671	$0	$27,688
Michael Hight (Chief Technology Officer)	$174,717	$0	$16,352
Michael Nelson (Director School Relations)	$155,356	$0	$4,678
Steven Esposito (School Relations Specialist)	$130,743	$0	$0
Alfia Perrin (Sr Director Of School Relations)	$104,491	$0	$0
Dr Dustin H Heuston (Strategy Officer)	$36,051	$0	$0
A Scott Anderson (Board Chair)	$0	$0	$0
James Holbrook (Board Member)	$0	$0	$0
Todd Craney (Board Member)	$0	$0	$0
Allison Gushee Molkenthin (Board Member)	$0	$0	$0
Ann Christensen (Board Member)	$0	$0	$0
Stephanie Monroe (Board Member)	$0	$0	$0

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990

Filed on July 15, 2021

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Audit for a nonprofit that spends $750,000+ in federal grant money in a fiscal year

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Fiscal Year Ending Aug.
2019

Revenue

$32,670,428

Expenses

$31,816,159

Net Income

$854,269

Net Assets

-$7,292,052

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$7,958,790	24.4%
Program Services	$24,711,278	75.6%
Investment Income	$360	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,907,837	9.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$13,744,174	43.2%

Assets/Debt
Total Assets	$23,879,656
Total Liabilities	$31,171,708
Net Assets	-$7,292,052

Compensation

Key Employees and Officers	Compensation	Related	Other
David Andrew Myers (Coo & President)	$352,714	$0	$32,068
Sheri Black (Sr Director School Relations)	$351,064	$0	$19,667
Benjamin Heuston (Ceo)	$333,935	$0	$27,573
Christoper Stevenson (Vp School Relations)	$289,317	$0	$27,218
Dr Dustin H Heuston (Strategy Officer)	$279,775	$0	$5,239
Daniel Newbold (Director Of School Relations)	$273,479	$0	$22,372
Claudia Miner (Chief Upstart Officer)	$200,512	$0	$17,164
Trevor Kerr (Vp Inside School Relations)	$179,180	$0	$25,156
Richard Stombres (Director State Advocacy)	$176,493	$0	$26,508
Alfia Perrin (Sr Director School Relations)	$161,312	$0	$21,474
Thomas Ness (Cfo)	$159,326	$0	$18,382
Michael Nelson (Sr Director School Relations)	$150,729	$0	$4,613
Nancy M Heuston (Board Member)	$0	$0	$0
A Scott Anderson (Board Chair)	$0	$0	$0
James Holbrook (Board Member)	$0	$0	$0
Todd Craney (Board Member)	$0	$0	$0
Allison Gushee Molkenthin (Board Member)	$0	$0	$0
Ann Christensen (Board Member)	$0	$0	$0
Stephanie Monroe (Board Member)	$0	$0	$0

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990

Filed on July 16, 2020

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Audit for a nonprofit that spends $750,000+ in federal grant money in a fiscal year

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Fiscal Year Ending Aug.
2018

Revenue

$26,341,309

Expenses

$25,255,133

Net Income

$1,086,176

Net Assets

-$8,914,928

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$3,357,120	12.7%
Program Services	$22,984,182	87.3%
Investment Income	$7	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,715,127	10.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$11,306,667	44.8%

Assets/Debt
Total Assets	$13,905,997
Total Liabilities	$22,820,925
Net Assets	-$8,914,928

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Benjamin Heuston (President & Ceo)	$331,830	$0	$0
Dr Dustin H Heuston (Strategy Officer)	$279,821	$0	$0
Claudia Miner (Vp)	$200,278	$0	$0
Sheri Black (Sr Director School Relations)	$185,046	$0	$0
Christopher Stevenson (Vp)	$181,885	$0	$0
Michael Nelson (Director School Relations)	$180,286	$0	$0
Adele Winter (Vp Inside School Relations)	$175,284	$0	$0
Richard Stombres (Director State Advocacy)	$169,985	$0	$0
Thomas Ness (Cfo)	$166,235	$0	$0
David Andrew Myers (Coo)	$153,084	$0	$0
Michael Hight (Vp Of Products)	$145,850	$0	$0
Pam Palmer (Director School Relations)	$145,224	$0	$0
Elizabeth A Brown (Vp Business Development)	$144,322	$0	$0
Mark Weathers (Director)	$136,112	$0	$0
Daniel Newbold (Account Executive)	$135,153	$0	$0
Cory Saunders (Vp Of Technology)	$132,847	$0	$0
Gwen Dobson (Director Of It)	$126,283	$0	$0
Ann Treacy (Vp Of Hr And Facilities)	$123,150	$0	$0
Haya Samir (Director)	$115,491	$0	$0
Veronica Ross (Director Of Professional S)	$111,247	$0	$0
Alfia Perrin (Account Executive)	$110,159	$0	$0
Derek Papa (Director)	$107,049	$0	$0
Nancy M Heuston (Board Member)	$0	$0	$0
A Scott Anderson (Board Chair)	$0	$0	$0
James Holbrook (Board Member)	$0	$0	$0
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990

Filed on July 15, 2019

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Audit for a nonprofit that spends $750,000+ in federal grant money in a fiscal year

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Fiscal Year Ending Aug.
2017

Revenue

$22,279,661

Expenses

$23,752,718

Net Income

-$1,473,057

Net Assets

-$10,131,883

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$4,090,192	18.4%
Program Services	$18,189,436	81.6%
Investment Income	$33	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$3,379,647	14.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$9,140,821	38.5%

Assets/Debt
Total Assets	$12,222,396
Total Liabilities	$22,354,279
Net Assets	-$10,131,883

Compensation

Key Employees and Officers	Compensation	Related	Other
Benjamin Heuston (President & Coo)	$344,037	$0	$0
Dr Dustin H Heuston (Ceo)	$279,821	$0	$0
Daniel Newbold (Account Executive)	$220,921	$0	$0
Claudia Miner (Vp)	$204,501	$0	$0
Barbara Roberts (Account Executive)	$198,497	$0	$0
Thomas Ness (Cfo)	$171,588	$0	$10,958
Charles Callis (Vp)	$151,292	$0	$0
Sheri Black (Account Executive)	$146,909	$0	$0
Jason Dance (Vp)	$145,849	$0	$0
Cory Saunders (Vp)	$133,476	$0	$0
Ann Treacy (Vp)	$124,322	$0	$0
Pam Palmer (Director)	$122,775	$0	$0
Adele Winter (Account Executive)	$121,504	$0	$0
Gwen Dobson (Director Of It)	$119,012	$0	$0
Mark Weathers (Director)	$118,512	$0	$0
Haya Samir (Director)	$115,491	$0	$0
Alfia Perrin (Account Executive)	$113,455	$0	$0
Achim Octavian Laies (Data Architect)	$111,291	$0	$0
Michael Hight (Vp Of Technology)	$110,489	$0	$0
Diane Weaver (Director Of Marketing)	$107,959	$0	$0
John Lane (Account Executive)	$106,119	$0	$0
Veronica Ross (Director Of Professional Services)	$100,870	$0	$0
Nancy M Heuston (Board Member)	$0	$0	$0
Benjamin V Lambert (Board Member)	$0	$0	$0
Lawrence W Leighton (Board Member)	$0	$0	$0
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990

Filed on July 16, 2018

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Fiscal Year Ending Aug.
2016

Revenue

$15,642,127

Expenses

$20,106,878

Net Income

-$4,464,751

Net Assets

-$8,633,766

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,957,205	12.5%
Program Services	$13,684,917	87.5%
Investment Income	$5	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,739,688	13.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$8,015,728	39.9%

Assets/Debt
Total Assets	$10,743,958
Total Liabilities	$19,377,724
Net Assets	-$8,633,766

Compensation

Key Employees and Officers	Compensation	Related	Other
Benjamin Heuston (President & Coo)	$315,652	$0	$0
Sheri Black (Account Executive)	$281,200	$0	$0
Dr Dustin H Heuston (Ceo)	$279,739	$0	$0
Jason Dance (Vp)	$188,434	$0	$0
Claudia Miner (Vp)	$185,463	$0	$0
Charles Callis (Vp)	$153,815	$0	$0
Thomas Ness (Cfo)	$145,830	$0	$0
Cory Saunders (Vp)	$133,576	$0	$0
Mikkel Storm (Vp)	$133,321	$0	$0
Ann Treacy (Vp)	$123,866	$0	$0
Shae Rohrer (Account Executive)	$121,498	$0	$0
Greg Johnson (Data Architect)	$121,004	$0	$0
Mark Weathers (Director)	$118,512	$0	$0
Haya Samir (Director)	$115,491	$0	$0
Pam Palmer (Director)	$113,372	$0	$0
Fred Thompson (Account Executive)	$108,009	$0	$0
Achim Octavian Laies (Data Architect)	$100,906	$0	$0
Nancy M Heuston (Board Member)	$0	$0	$0
Benjamin V Lambert (Board Member)	$0	$0	$0
Lawrence W Leighton (Board Member)	$0	$0	$0
Priscilla Winn Barlow (Board Member)	$0	$0	$0
Allison Gushee Molkenthin (Board Member)	$0	$0	$0
James Latchford (Board Member)	$0	$0	$0
Suanne Rheault (Board Member)	$0	$0	$0

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990

Filed on July 18, 2017

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Audit for a nonprofit that spends $750,000+ in federal grant money in a fiscal year

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Fiscal Year Ending Aug.
2015

Revenue

$12,911,999

Expenses

$18,182,166

Net Income

-$5,270,167

Net Assets

-$5,217,438

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,452,863	11.3%
Program Services	$11,459,111	88.7%
Investment Income	$25	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,424,275	13.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$7,422,761	40.8%

Assets/Debt
Total Assets	$5,583,948
Total Liabilities	$10,801,386
Net Assets	-$5,217,438

Compensation

Key Employees and Officers	Compensation	Related	Other
Benjamin Heuston (President & Coo)	$322,628	$0	$0
Dr Dustin H Heuston (Ceo)	$283,442	$0	$0
Jason Dance (Vp)	$266,062	$0	$0
Sheri Black (Account Executive)	$196,091	$0	$0
Claudia Miner (Vp)	$185,040	$0	$0
Charles Callis (Vp)	$151,902	$0	$0
Shae Rohrer (Account Executive)	$151,514	$0	$0
Thomas Chapman (Account Executive)	$137,708	$0	$0
Veronica Ross (Director)	$136,306	$0	$0
Cory Saunders (Vp)	$130,254	$0	$0
Mikkel Storm (Vp)	$127,508	$0	$0
Ann Treacy (Vp)	$118,980	$0	$0
Haya Samir (Director)	$114,654	$0	$0
Fred Thompson (Account Executive)	$102,186	$0	$0
Nancy M Heuston (Board Member)	$0	$0	$0
Benjamin V Lambert (Board Member)	$0	$0	$0
Lawrence W Leighton (Board Member)	$0	$0	$0
Priscilla Winn Barlow (Board Member)	$0	$0	$0
Allison Gushee Molkenthin (Board Member)	$0	$0	$0
James Latchford (Board Member)	$0	$0	$0
Suanne Rheault (Board Member)	$0	$0	$0

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990

Filed on July 15, 2016

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Aug.
2014

Revenue

$10,755,793

Expenses

$14,692,025

Net Income

-$3,936,232

Net Assets

$98,233

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,168,289	10.9%
Program Services	$9,378,343	87.2%
Investment Income	$2,101	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$207,060	1.9%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,653,404	11.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$5,314,042	36.2%

Assets/Debt
Total Assets	$9,176,660
Total Liabilities	$9,078,427
Net Assets	$98,233

Compensation

Key Employees and Officers	Compensation	Related	Other
Benjamin Heuston (President & Coo)	$296,514	$0	$0
Dr Dustin H Heuston (Ceo)	$265,999	$0	$0
Claudia Miner (Vp)	$175,001	$0	$0
Jason Dance (Vp)	$166,870	$0	$0
Charles Callis (Vp)	$141,666	$0	$0
John Montgomery (Vp)	$140,701	$0	$0
Cory Saunders (Vp)	$122,288	$0	$0
Peter Lambert (Vp)	$116,944	$0	$0
Daren Child (Vp)	$116,019	$0	$0
Ann Treacy (Vp)	$111,402	$0	$0
Nancy M Heuston (Board Member)	$0	$0	$0
Benjamin V Lambert (Board Member)	$0	$0	$0
Lawrence W Leighton (Board Member)	$0	$0	$0
Priscilla Winn Barlow (Board Member)	$0	$0	$0
Allison Gushee Molkenthin (Board Member)	$0	$0	$0
James Latchford (Board Member)	$0	$0	$0
Suanne Rheault (Board Member)	$0	$0	$0

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990

Filed on July 15, 2015

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Aug.
2013

Revenue

$8,935,586

Expenses

$8,930,152

Net Income

$5,434

Net Assets

$4,175,896

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$465,647	5.2%
Program Services	$7,686,797	86.0%
Investment Income	$1,222	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$781,920	8.8%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,805,639	20.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$3,159,939	35.4%

Assets/Debt
Total Assets	$6,756,989
Total Liabilities	$2,581,093
Net Assets	$4,175,896

990

Filed on July 25, 2014

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Aug.
2012

Revenue

$5,963,009

Expenses

$11,866,440

Net Income

-$5,903,431

Net Assets

$4,221,881

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$54,644	0.9%
Program Services	$5,818,945	97.6%
Investment Income	$1,878	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$69,256	1.2%
Net Inventory Sales	$0
Other Revenue	$18,286	0.3%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,805,639	15.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$5,260,710	44.3%

Assets/Debt
Total Assets	$7,811,768
Total Liabilities	$3,589,887
Net Assets	$4,221,881

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Aug.
2011

Revenue

$33,218,414

Expenses

$29,889,549

Net Income

$3,328,865

Net Assets

$15,415,349

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,071,400	3.2%
Program Services	$31,876,434	96.0%
Investment Income	$16,535	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$232,501	0.7%
Net Inventory Sales	$0
Other Revenue	$21,544	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,648,852	8.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$14,459,502	48.4%

Assets/Debt
Total Assets	$41,288,810
Total Liabilities	$25,873,461
Net Assets	$15,415,349

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

Raw filing data. Includes EINs and summary financials as structured data.
Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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By Andrea Suozzo, Alec Glassford and Ash Ngu, ProPublica, and Brandon Roberts, Special to ProPublica.
Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

Updated October 30, 2024

Waterford Institute Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $73.5M (2023)

Expenses $60.4M (2023)

Total Assets $72.5M (2023)

Total Liabilities $46.2M (2023)

Tax Filings and Audits by Year

Fiscal Year Ending Aug. 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Audits

Fiscal Year Ending Aug. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Audits

Fiscal Year Ending Aug. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Audits

Fiscal Year Ending Aug. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Audits

Fiscal Year Ending Aug. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Audits

Fiscal Year Ending Aug. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Audits

Fiscal Year Ending Aug. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Audits

Fiscal Year Ending Aug. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Audits

Fiscal Year Ending Aug. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Aug. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Aug. 2013

Extracted Financial Data

Revenue

$73.5M (2023)

Expenses

$60.4M (2023)

Total Assets

$72.5M (2023)

Total Liabilities

$46.2M (2023)

Fiscal Year Ending Aug.
2023

Fiscal Year Ending Aug.
2022

Fiscal Year Ending Aug.
2021

Fiscal Year Ending Aug.
2020

Fiscal Year Ending Aug.
2019

Fiscal Year Ending Aug.
2018

Fiscal Year Ending Aug.
2017

Fiscal Year Ending Aug.
2016

Fiscal Year Ending Aug.
2015

Fiscal Year Ending Aug.
2014

Fiscal Year Ending Aug.
2013

Fiscal Year Ending Aug.
2012

Fiscal Year Ending Aug.
2011

Fiscal Year Ending Aug.
2010

Fiscal Year Ending Aug.
2009

Fiscal Year Ending Aug.
2008

Fiscal Year Ending Aug.
2007

Fiscal Year Ending Aug.
2006

Fiscal Year Ending Aug.
2005

Fiscal Year Ending Aug.
2004

Fiscal Year Ending Aug.
2003

Fiscal Year Ending Aug.
2002

Fiscal Year Ending Aug.
2001