Civic Intelligence

Headwaters School

990 • Fiscal year 2023 • EIN 74-3020203

Jul 01, 2022 to Jun 30, 2023 • Filed on Apr 01, 2024

Organization ProfileWWW.HEADWATERS.ORG

View Organization Page

801 Rio Grande StAustin, TX 78701

(512) 480-8142

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

80th percentile

0.59x

Higher debt load relative to assets than 80% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

79th percentile

0.94x

Higher debt load relative to revenue than 79% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Net Margin

44th percentile

1.9%

Higher net margin than 44% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

75th percentile

$279,337

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 2.2% of source-year revenue.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Asset Growth

76th percentile

18%

Faster asset growth than 76% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

66th percentile

14%

Faster revenue growth than 66% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets80th percentile

Assets

Up

$20,589,237

Up $3,170,370 (+18%) from 2022

Net Assets

Up

$8,525,053

Up $1,650,302 (+24%) from 2022

Liabilities

Up

$12,064,184

Up $1,520,068 (+14%) from 2022

Revenue And Expenses
Liabilities / Revenue79th percentileNet Margin44th percentile

Revenue

Up

$12,900,322

Up $1,611,080 (+14%) from 2022

Expenses

Up

$12,660,826

Up $2,958,254 (+30%) from 2022

Net Income

Down

$239,496

Down $1,347,174 (-85%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth76th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$30M$20M$10M$0Assets 2011: $4,000,182Liabilities 2011: $2,490,362Net Assets 2011: $1,509,8202011Assets 2012: $6,109,432Liabilities 2012: $4,239,565Net Assets 2012: $1,869,8672012Assets 2013: $6,391,416Liabilities 2013: $4,368,999Net Assets 2013: $2,022,4172013Assets 2014: $7,026,716Liabilities 2014: $5,322,467Net Assets 2014: $1,704,2492014Assets 2015: $7,057,108Liabilities 2015: $5,780,796Net Assets 2015: $1,276,3122015Assets 2016: $8,215,761Liabilities 2016: $5,563,078Net Assets 2016: $2,652,6832016Assets 2017: $12,948,755Liabilities 2017: $9,344,723Net Assets 2017: $3,604,0322017Assets 2018: $13,652,067Liabilities 2018: $9,668,240Net Assets 2018: $3,983,8272018Assets 2019: $13,659,328Liabilities 2019: $9,432,943Net Assets 2019: $4,226,3852019Assets 2020: $13,733,480Liabilities 2020: $10,039,227Net Assets 2020: $3,694,2532020Assets 2021: $15,508,663Liabilities 2021: $10,220,582Net Assets 2021: $5,288,0812021Assets 2022: $17,418,867Liabilities 2022: $10,544,116Net Assets 2022: $6,874,7512022Assets 2023: $20,589,237Liabilities 2023: $12,064,184Net Assets 2023: $8,525,0532023Assets 2024: $20,779,124Liabilities 2024: $10,952,965Net Assets 2024: $9,826,1592024

Highlighted filing

2023

Assets$20,589,237
Liabilities$12,064,184
Net Assets$8,525,053
Open 2023 Filing

Operations Trend

Revenue Growth66th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$15M$10M$5.0M$0-$5.0MRevenue 2011: $4,470,978Expenses 2011: $4,227,945Net Income 2011: $243,0332011Expenses 2012: $6,296,9502012Revenue 2013: $3,024,945Expenses 2013: $2,872,395Net Income 2013: $152,5502013Revenue 2014: $6,863,165Expenses 2014: $6,776,772Net Income 2014: $86,3932014Revenue 2015: $7,085,720Expenses 2015: $7,513,657Net Income 2015: -$427,9372015Revenue 2016: $8,809,675Expenses 2016: $7,433,303Net Income 2016: $1,376,3722016Revenue 2017: $8,969,021Expenses 2017: $8,017,672Net Income 2017: $951,3492017Revenue 2018: $8,528,200Expenses 2018: $8,148,405Net Income 2018: $379,7952018Revenue 2019: $8,890,455Expenses 2019: $8,647,897Net Income 2019: $242,5582019Revenue 2020: $8,530,521Expenses 2020: $8,807,052Net Income 2020: -$276,5312020Revenue 2021: $9,385,546Expenses 2021: $7,791,718Net Income 2021: $1,593,8282021Revenue 2022: $11,289,242Expenses 2022: $9,702,572Net Income 2022: $1,586,6702022Revenue 2023: $12,900,322Expenses 2023: $12,660,826Net Income 2023: $239,4962023Revenue 2024: $13,172,220Expenses 2024: $12,554,608Net Income 2024: $617,6122024

Highlighted filing

2023

Revenue$12,900,322
Expenses$12,660,826
Net Income$239,496
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Apr 1, 2024
Return Version
2022v5.0
Gross Receipts
$12,918,886
Mission and Program Overview

Mission

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.

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 principles. These ideas serve as the foundation for our daily work.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$11,302,516$11,909,275▲ $606,759
Savings and Temporary Cash Investments$3,063,225$4,312,800▲ $1,249,575
Cash and Non-Interest-Bearing Accounts$2,847,352$2,844,623▼ $2,729
Prepaid Expenses and Deferred Charges$167,880$214,183▲ $46,303
Accounts Receivable$227$66,593▲ $66,366
Inventories for Sale or Use$9,810$9,810→ $0
Total Assets$17,418,867$20,589,237▲ $3,170,370
Other Assets Total$27,857$1,231,953▲ $1,204,096
Liabilities
Tax Exempt Bond Liabilities$6,924,884$6,775,622▼ $149,262
Deferred Revenue$3,316,996$3,702,565▲ $385,569
Other Liabilities$0$1,376,568▲ $1,376,568
Accounts Payable and Accrued Expenses$302,236$209,429▼ $92,807
Total Liabilities$10,544,116$12,064,184▲ $1,520,068
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$6,850,553$8,495,689▲ $1,645,136
Net Assets With Donor Restrictions$24,198$29,364▲ $5,166
Total Net Assets Fund Balance$6,874,751$8,525,053▲ $1,650,302
Total Liabilities and Net Assets / Fund Balance$17,418,867$20,589,237▲ $3,170,370

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$8,173,747$2,429,771$10,603,518
Land$2,826,090-$2,826,090
Equipment$580,518$1,035,253$1,615,771
Other Land Buildings$328,920-$328,920
Other Assets Org$1,181,401--
Compensation and Service Providers
Top Officer Pay75th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Ted GrafHead of SchoolFT$266,502$12,835$279,337
Alexandra PenrySr Director for Finance and AdvancementFT$146,802$9,345$156,147
Alexandra PenrySr Director for Finance and Advancem-$146,802$9,345$156,147
Ave Luke-simpsonHigh School DirectorFT$108,227$4,505$112,732
Amy NylandSr Director of EnrollmentFT$103,557$7,586$111,143
Elizabeth DemarestSr Director of Early ChildhoodFT$100,662$7,482$108,144

Board Members and Trustees

NameTitle
Allan ColeChair
Magdalena VialVice Chair
Adam BattaniBoard Member
Anand AnbalaganBoard Member
Keith MartinBoard Member
Melanie MeadorBoard Member
Sean MurphyBoard Member
Taina Palombo-priceBoard Member
Tracy ManierBoard Member
Jerry AubinSecretary
Jessica RioTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,244,841
Program Service Revenue
$10,468,268
Investment Income
$150,560
Other Revenue
$36,653
All Other Contributions
$1,014,113
Change in Net Assets
$239,496

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1$766,968Fair Market Value (FMV)
Other Non Cash Contri Table62$3,500Fair Market Value (FMV)
Other Non Cash Contri Table25$1,355Fair Market Value (FMV)
Total Noncash Contributions88$771,823-

Audited Revenue Reconciliation

Revenue per Audited Statements
$12,080,891
Revenue Not Reported on Financial Statements
$819,431
Revenue Not Reported on Form 990
$1,429,370
Other Revenue Adjustments
$819,431
Total Revenue per Audited Statements
$13,510,261
Total Revenue per Form 990
$12,900,322
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$7,087,851
Other Expenses$4,753,544
Grants and Similar Amounts Paid$819,431
Total Fundraising Expense$476,256
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$4,173,699$1,265,428$289,227$5,728,354
Occupancy$1,126,326$165,814$12,755$1,304,895
Fees for Services Other$979,715$95,046$55,419$1,130,180
Grants to Domestic Individuals$819,431--$819,431
Payroll Taxes$349,293$105,902$24,205$479,400
Current Officers, Directors, Trustees, and Key Employees$316,129$95,847$21,907$433,883
Depreciation Depletion$362,478$54,794$4,214$421,486
Other Employee Benefits$265,899$80,618$18,427$364,944
Interest$190,513$28,799$2,215$221,527
Information Technology$85,378$12,906$993$99,277
Insurance$71,120$10,751$827$82,698
Pension Plan Contributions$59,213$17,954$4,103$81,270
Other Expenses$79,332$34,864$2,651$79,332
All Other Expenses$8,331-$36,537$44,868
Fees for Services Legal$40,136--$40,136
Fees for Services Accounting$30,336--$30,336
Total Functional Expenses$10,172,335$2,012,235$476,256$12,660,826

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$12,660,826
Total Expenses per Audited Statements$11,859,959
Expenses per Audited Statements$11,841,395
Expenses Not Reported on Financial Statements$819,431
Other Expense Adjustments$819,431
Expenses Not Reported on Form 990$18,564
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$26,700
Fundraising Direct Expenses$18,564
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Founding Day Fling$41,270$26,700$1,614$25,086
Pact Challenge$12,977-$1,150-
Total Events$54,247$26,700$18,564$8,136
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Liability$1,376,568

Bond Issues

BondIssuerIssuedIssue PricePurpose
AWallis Cultural Education Facilities Corporation2020-09-23$7,250,000REFINANCE OF DEBT

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$7,250,000--$81,733

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
Yes
Corrective action procedures
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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.”

Filing and Contact Details

Filer

Filer Name
Headwaters School
EIN
74-3020203
Phone
5124808142
Address
801 RIO GRANDE ST, AUSTIN, TX 78701

Signing Officer

Name
Allan Cole
Title
Board Chair
Phone
5124808142
Signed
2024-04-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Allan Cole
Formed
2001
Legal Domicile
TX
Voting Board Members
11
Independent Board Members
11
Employees
172
Volunteers
100

Preparer

Firm
Atchley & Associates Llp
Address
1005 LA POSADA DRIVE, AUSTIN, TX 78752
Preparer
Renae Duncan
Phone
5123462086
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“The oversight process has not changed from the prior year.”

Financial Statement Notes

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 facilities expenses - landscaping.”

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, 2023 and 2022, 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, 2020. 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, 2023 and 2022, 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 18,564.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Financial aid and grants 819,431.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Fundraising expenses 18,564.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Financial aid and grants 819,431.”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ActivityOrMissionDesc0BEGINNING 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 PRINCIPLES. THESE IDEAS SERVE AS THE FOUNDATION FOR OUR DAILY WORK.
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IRS990/Form990PartVIISectionAGrp/PersonNm2MELANIE MEADOR
IRS990/Form990PartVIISectionAGrp/PersonNm3TAINA PALOMBO-PRICE
IRS990/Form990PartVIISectionAGrp/PersonNm4JESSICA RIO
IRS990/Form990PartVIISectionAGrp/PersonNm5ALLAN COLE
IRS990/Form990PartVIISectionAGrp/PersonNm6MAGDALENA VIAL
IRS990/Form990PartVIISectionAGrp/PersonNm7SEAN MURPHY
IRS990/Form990PartVIISectionAGrp/PersonNm8KEITH MARTIN
IRS990/Form990PartVIISectionAGrp/PersonNm9TRACY MANIER
IRS990/Form990PartVIISectionAGrp/PersonNm10ANAND ANBALAGAN
IRS990/Form990PartVIISectionAGrp/PersonNm11TED GRAF
IRS990/Form990PartVIISectionAGrp/PersonNm12ALEXANDRA PENRY
IRS990/Form990PartVIISectionAGrp/PersonNm13ELIZABETH DEMAREST
IRS990/Form990PartVIISectionAGrp/PersonNm14AVE LUKE-SIMPSON
IRS990/Form990PartVIISectionAGrp/PersonNm15AMY NYLAND
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt11266502
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt12146802
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt13100662
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt14108227
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt15103557
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/TitleTxt0SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt5CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt6VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11HEAD OF SCHOOL
IRS990/Form990PartVIISectionAGrp/TitleTxt12SR DIRECTOR FOR FINANCE AND ADVANCEMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt13SR DIRECTOR OF EARLY CHILDHOOD
IRS990/Form990PartVIISectionAGrp/TitleTxt14HIGH SCHOOL DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15SR DIRECTOR OF ENROLLMENT
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02001
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt027547
IRS990/FundraisingDirectExpensesAmt018564
IRS990/FundraisingGrossIncomeAmt026700
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt011
IRS990/GovernmentGrantsAmt01203181
IRS990/GrantAmt0819431
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt0819431
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt0819431
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt012918886
IRS990/GrossRentsGrp/RealAmt028517
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt011
IRS990/IndivRcvdGreaterThan100KCnt05
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt0993
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt012906
IRS990/InformationTechnologyGrp/ProgramServicesAmt085378
IRS990/InformationTechnologyGrp/TotalAmt099277
IRS990/InsuranceGrp/FundraisingAmt0827
IRS990/InsuranceGrp/ManagementAndGeneralAmt010751
IRS990/InsuranceGrp/ProgramServicesAmt071120
IRS990/InsuranceGrp/TotalAmt082698
IRS990/InterestGrp/FundraisingAmt02215
IRS990/InterestGrp/ManagementAndGeneralAmt028799
IRS990/InterestGrp/ProgramServicesAmt0190513
IRS990/InterestGrp/TotalAmt0221527
IRS990/InventoriesForSaleOrUseGrp/BOYAmt09810
IRS990/InventoriesForSaleOrUseGrp/EOYAmt09810
IRS990/InvestmentIncomeGrp/ExclusionAmt0150560
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0150560
IRS990/InvestmentInJointVentureInd00
IRS990/InvestTaxExemptBondsInd00
IRS990/IRPDocumentCnt052
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt03465024
IRS990/LandBldgEquipBasisNetGrp/BOYAmt011302516
IRS990/LandBldgEquipBasisNetGrp/EOYAmt011909275
IRS990/LandBldgEquipCostOrOtherBssAmt015374299
IRS990/LegalDomicileStateCd0TX
IRS990/LessRentalExpensesGrp/RealAmt00
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0BEGINNING 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 PRINCIPLES. THESE IDEAS SERVE AS THE FOUNDATION FOR OUR DAILY WORK.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt06874751
IRS990/NetAssetsOrFundBalancesEOYAmt08525053
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt08136
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt08136
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt028517
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt028517
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt06850553
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt08495689
IRS990/NoncashContributionsAmt0771823
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt012755
IRS990/OccupancyGrp/ManagementAndGeneralAmt0165814
IRS990/OccupancyGrp/ProgramServicesAmt01126326
IRS990/OccupancyGrp/TotalAmt01304895
IRS990/OfficerMailingAddressInd00
IRS990/OnBehalfOfIssuerInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt027857
IRS990/OtherAssetsTotalGrp/EOYAmt01231953
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt018427
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt080618
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0265899
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0364944
IRS990/OtherExpensesGrp/Desc0CLASS EXPENSES
IRS990/OtherExpensesGrp/Desc1OTHER OPERATING EXPENSE
IRS990/OtherExpensesGrp/Desc2STAFF DEVELOPMENT
IRS990/OtherExpensesGrp/Desc3REPAIRS & MAINTENANCE
IRS990/OtherExpensesGrp/FundraisingAmt046
IRS990/OtherExpensesGrp/FundraisingAmt12730
IRS990/OtherExpensesGrp/FundraisingAmt22651
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0598
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt142914
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt234864
IRS990/OtherExpensesGrp/ProgramServicesAmt0752135
IRS990/OtherExpensesGrp/ProgramServicesAmt1234835
IRS990/OtherExpensesGrp/ProgramServicesAmt2228036
IRS990/OtherExpensesGrp/ProgramServicesAmt379332
IRS990/OtherExpensesGrp/TotalAmt0752779
IRS990/OtherExpensesGrp/TotalAmt1280479
IRS990/OtherExpensesGrp/TotalAmt2265551
IRS990/OtherExpensesGrp/TotalAmt379332
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt01376568
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0289227
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt01265428
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt04173699
IRS990/OtherSalariesAndWagesGrp/TotalAmt05728354
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt024205
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0105902
IRS990/PayrollTaxesGrp/ProgramServicesAmt0349293
IRS990/PayrollTaxesGrp/TotalAmt0479400
IRS990/PensionPlanContributionsGrp/FundraisingAmt04103
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt017954
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt059213
IRS990/PensionPlanContributionsGrp/TotalAmt081270
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0167880
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0214183
IRS990/PrincipalOfficerNm0ALLAN COLE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/BusinessCd1611600
IRS990/ProgramServiceRevenueGrp/Desc0TUITION AND FEES
IRS990/ProgramServiceRevenueGrp/Desc1OTHER PROGRAM REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt09789924
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1678344
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt09789924
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1678344
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0964529
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0873862
IRS990/PYInvestmentIncomeAmt06233
IRS990/PYOtherExpensesAmt02606946
IRS990/PYOtherRevenueAmt039894
IRS990/PYProgramServiceRevenueAmt010278586
IRS990/PYRevenuesLessExpensesAmt01586670
IRS990/PYSalariesCompEmpBnftPaidAmt06221764
IRS990/PYTotalExpensesAmt09702572
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt011289242
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0239496
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt028517
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt010496785
IRS990/SavingsAndTempCashInvstGrp/BOYAmt03063225
IRS990/SavingsAndTempCashInvstGrp/EOYAmt04312800
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt08173747
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02429771
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt010603518
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt01410806
IRS990ScheduleD/EquipmentGrp/BookValueAmt0580518
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01035253
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01615771
IRS990ScheduleD/ExpensesIncurredEnforcementAmt02850
IRS990ScheduleD/ExpensesNotReportedAmt018564
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0819431
IRS990ScheduleD/ExpensesSubtotalAmt011841395

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$20,589,237
Liabilities
$12,064,184
Net assets
$8,525,053
Revenue
$12,900,322
Expenses
$12,660,826
Net income
$239,496
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$20.8$11.0$9.83$13.2$12.6$0.62
2023Detailed filing. Detailed filing data is available for this year.$20.6$12.1$8.53$12.9$12.7$0.24
2022Detailed filing. Detailed filing data is available for this year.$17.4$10.5$6.87$11.3$9.70$1.59
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.5$10.2$5.29$9.39$7.79$1.59
2020Detailed filing. Detailed filing data is available for this year.$13.7$10.0$3.69$8.53$8.81$0.28
2019Detailed filing. Detailed filing data is available for this year.$13.7$9.43$4.23$8.89$8.65$0.24
2018Detailed filing. Detailed filing data is available for this year.$13.7$9.67$3.98$8.53$8.15$0.38
2017Detailed filing. Detailed filing data is available for this year.$12.9$9.34$3.60$8.97$8.02$0.95
2016Summary only. Only limited summary data is available for this year.$8.22$5.56$2.65$8.81$7.43$1.38
2015Detailed filing. Detailed filing data is available for this year.$7.06$5.78$1.28$7.09$7.51$0.43
2014Detailed filing. Detailed filing data is available for this year.$7.03$5.32$1.70$6.86$6.78$0.09
2013Summary only. Only limited summary data is available for this year.$6.39$4.37$2.02$3.02$2.87$0.15
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.11$4.24$1.87$6.30
2011Summary only. Only limited summary data is available for this year.$4.00$2.49$1.51$4.47$4.23$0.24