2024-05-15T11:44:58-05:00 2023-06-30 871353108 EISNER ADVISORY GROUP LLC 733 THIRD AVENUE NEW YORK NY 100172703 990 2022-07-01 061609222 WATERSIDE SCHOOL INC WATE 2039758579 770 PACIFIC STREET STAMFORD CT 069020000 LISA STUART BOARD CHAIR 2039758579 2024-05-14 1 LISA STUART 999009999 1 CANDICE METH P01306891 2129498700 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z LISA STUART 770 PACIFIC STREET STAMFORD CT 069020000 17948273 0 X WWW.WATERSIDESCHOOL.ORG X 2021 CT TO PROVIDE AN EARLY YEAR EDUCATIONAL FOUNDATION FOR MOTIVATED, DISADVANTAGED CHILDREN. 28 25 94 5 5373 3936 5320507 4879436 3780468 4238157 2688477 2209539 0 0 11789452 11327132 3719358 4065299 0 0 3379909 3917508 0 0 474745 1859526 2042330 8958793 10025137 2830659 1301995 65783983 68105804 162671 265723 65621312 67840081 TO PROVIDE A SUPERB, WELL-ROUNDED EARLY YEAR EDUCATIONAL FOUNDATION FOR MOTIVATED, DISADVANTAGED CHILDREN, STARTING WITH PRE-KINDERGARTEN THROUGH FIFTH GRADE. 0 0 8569257 4065299 4238157 TO PROVIDE AN EDUCATIONAL PROGRAM TO CHILDREN IN GRADES KINDERGARTEN THROUGH FIFTH GRADE. 8569257 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 25 0 1 94 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 28 25 0 0 0 0 0 0 0 1 1 0 0 1 0 1 1 1 1 0 X CHARLIE LEIGH 2039758579 770 PACIFIC STREET STAMFORD CT 069020000 X DAVID OLSON EXECUTIVE DIRECTOR (THRU 6/30/23) 40.00 0.00 X X 225000 0 21711 TOBY COBB DIRECTOR 4.00 0.00 X 0 0 0 TIM ARMSTRONG DIRECTOR 4.00 0.00 X 0 0 0 TED FERRARONE DIRECTOR 4.00 0.00 X 0 0 0 ROSE SHABET DIRECTOR 4.00 0.00 X 0 0 0 ROBERT MORRIS DIRECTOR 4.00 0.00 X 0 0 0 ROBERT GLANVILLE DIRECTOR 4.00 0.00 X 0 0 0 RICHARD AXILROD DIRECTOR 4.00 0.00 X 0 0 0 PHILIP A HADLEY DIRECTOR 4.00 0.00 X 0 0 0 NANCY BETTER DIRECTOR 4.00 0.00 X 0 0 0 MICHAEL SCHWABE DIRECTOR & CHAIR FINANCE COMMITTEE 4.00 0.00 X X 0 0 0 MERRICK R RICK KLEEMAN DIRECTOR 4.00 0.00 X 0 0 0 MATTHEW LUCEY DIRECTOR 4.00 0.00 X 0 0 0 LISA STUART CHAIR 4.00 0.00 X X 0 0 0 KONRAD KRUGER FOUNDER 4.00 0.00 X X 0 0 0 KIRSTEN DZIALGA DIRECTOR 4.00 0.00 X 0 0 0 KEVIN GASVODA DIRECTOR 4.00 0.00 X X 0 0 0 JOSEPH BOATENG DIRECTOR 4.00 0.00 X 0 0 0 JOHN HOCK DIRECTOR 4.00 0.00 X 0 0 0 JODY VISAGE DIRECTOR 4.00 0.00 X 6498 0 0 JAMES W BERGER DIRECTOR 4.00 0.00 X 0 0 0 JAMES D CAREY DIRECTOR 4.00 0.00 X 0 0 0 ERYN BINGLE DIRECTOR (THRU 6/29/23) 4.00 0.00 X 0 0 0 DEBBY WEINBERG DIRECTOR 4.00 0.00 X 0 0 0 CARMEN HUGHES DIRECTOR 4.00 0.00 X 0 0 0 BART D OSMAN DIRECTOR 4.00 0.00 X 0 0 0 A JOE DELGADO DIRECTOR 4.00 0.00 X 0 0 0 WILLIAM HENNESSEY DIRECTOR 4.00 0.00 X 0 0 0 DANIEL TAYLOR DIRECTOR 4.00 0.00 X 0 0 0 JAMEL KEELS HEAD OF SCHOOL - EX OFFICIO 40.00 0.00 X 177423 0 13474 KAITLYN E WINTERBOTTOM DIRECTOR OF DEVELOPMENT 40.00 0.00 X 132923 0 6358 DUNCAN EDWARDS FORMER OFFICER 40.00 0.00 X 200000 0 0 741844 0 41543 4 1 1 0 OFFIT CAPITAL ADVISORS LLC 485 LEXINGTON AVE FL 24 NEW YORK NY 10017 INVESTMENT MANAGER 181312 1 X 4879436 189267 4879436 TUITION 611710 4238157 4238157 4238157 929863 5373 924490 7900817 6621141 1279676 1279676 1279676 11327132 4238157 5373 2204166 217654 217654 3847645 3847645 434850 334175 58829 41846 2941506 2260502 397942 283062 78865 60607 10669 7589 203632 156488 27548 19596 258655 198772 34992 24891 7045 7045 108289 108289 181312 181312 42163 42163 49687 39750 7453 2484 44202 26521 13261 4420 118469 118469 5564 5564 442903 376468 66435 71001 60351 10650 INSTRUCTIONAL AND OTHER 595892 581345 14547 CAFETERIA EXPENSES 284946 284946 CATERING COST 90857 90857 10025137 8569257 981135 474745 2901516 2589705 1323283 1876885 1452485 781246 100000 67000 22119590 5933507 16481615 16186083 22282361 27554261 21177793 19031758 64930 18866 65783983 68105804 162671 210869 54854 162671 265723 X 44641396 45679312 20979916 22160769 65621312 67840081 65783983 68105804 1301995 916774 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 20531646 645000 1260204 396000 22040850 21583801 1575291 -2519446 108000 20531646 13623103 3035000 5035698 110000 21583801 11589206 1965000 68897 13623103 10060027 1485435 86024 42280 11589206 0.12000 0.73000 0.15000 0 0 8504680 8504680 12948611 5322422 7626189 666299 611085 55214 16186083 PRIVATE EQUITY AND HEDGE FUNDS 19031758 F 19031758 X 8214949 916774 916774 7298175 181312 3847645 4028957 11327132 5996180 0 5996180 181312 3847645 4028957 10025137 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, LINE 4B FINANCIAL AID OF $3,847,645, NETTED AGAINST REVENUE PER AUDITED FINANCIAL STATEMENTS, INCLUDED IN EXPENSES PER FORM 990. PART XII, LINE 4B FINANCIAL AID OF $3,847,645, 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 - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, INVESTMETNS 9457888 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM INVESTMENTS 2034076 0 0 0 0 0 0 11491964 0 11491964 1 0 0 0 1 0 PART III ACCOUNTING METHOD: PART I, LINE 3, COLUMN F AMOUNTS REPORTED ON THE ACCRUAL BASIS OF ACCOUNTING. 1 FORDHAM UNIVERSITY 400 WESTCHESTER AVE WEST HARRISON NY 10604 131740451 5850 0 STUDENT TUITION QUINNIPIAC UNIVERSITY 275 MOUNT CARMEL AVE NEW HAVEN CT 06518 060646701 13000 0 STUDENT TUITION SCHOOL OF HOLY CHILD 2225 WESTCHESTER AVENUE RYE NY 10580 131635305 7000 0 STUDENT TUITION ST LUKES SCHOOL 77 NORTH WILTON ROAD NEW CANAAN CT 06840 237099149 52775 0 STUDENT TUITION UNIVERSITY OF CONNECTICUT 2131 HILLSIDE RD STORRS CT 06269 066070722 28000 0 STUDENT TUITION UNIVERSITY OF HARTFORD 200 BLOOMFIELD AVENUE WEST HARTFORD CT 06117 060731360 5529 0 STUDENT TUITION UNQUOWA SCHOOL 981 STRATFIELD ROAD FAIRFIELD CT 02865 060646937 20000 0 STUDENT TUITION VILLANOVA UNIVERSITY 800 LANCASTER AVR VILLANOVA PA 19085 231352688 8000 0 STUDENT TUITION 8 SCHOLARSHIP AND FINANCIAL AID 144 3847645 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 X X X 0 0 0 0 0 0 0 0 0 DAVID OLSON EXECUTIVE DIRECTOR (THRU 6/30/23) 225000 0 0 0 0 0 21711 0 0 0 246711 0 0 0 DUNCAN EDWARDS FORMER OFFICER 0 0 0 0 200000 0 0 0 0 0 200000 0 0 0 JAMEL KEELS HEAD OF SCHOOL - EX OFFICIO 177423 0 0 0 0 0 13474 0 0 0 190897 0 0 0 DUNCAN EDWARDS FORMER OFFICER OF THE SCHOOL LOAN X 100000 67000 0 1 0 67000 JONATHAN J DUENNEBIER FAMILY MEMBER OF DIRECTOR 87427 SALARY 0 ELIZA M KRUGER FAMILY MEMBER OF DIRECTOR 57316 SALARY 0 ELIZABETH HARRINGTON FAMILY MEMBER OF DIRECTOR 61958 SALARY 0 SALLY G EDWARDS FAMILY MEMBER OF FORMER OFFICER/DIRECTOR 53769 SALARY 0 X 5 189267 PUBLISHED MARKET QUOTES 0 0 0 PART I, COLUMN (B): THE SCHOOL RECEIVED STOCK SECURITIES FROM 5 DONORS DURING FISCAL YEAR 2023. 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 JODY VISAGE WAS COMPENSATED IN HER CAPACITY AS FORMER HEAD OF SCHOOL THROUGH 6/30/2021. SHE IS NOT COMPENSATED FOR HER CURRENT ROLE AS A DIRECTOR. DUNCAN EDWARDS WAS COMPENSATED AS AN OUTSIDE CONSULTANT IN CALENDAR YEAR 2022. FORM 990, PART VIII, LINE 2A THE TUITION AND FEES OF $4,238,157 WERE REDUCED BY SCHOLARSHIPS TOTALING $3,847,645, RESULTING IN NET CASH RECEIPTS OF $390,512 FOR FISCAL YEAR 2023. IT IS THE SCHOOL'S POLICY THAT FAMILIES ARE ONLY CHARGED TUITION BASED ON WHAT THEY CAN AFFORD.