2026-08-14T10:03:07-05:00 2025-09-30 390859910 BAKER TILLY ADVISORY GROUP LP 333 BUSH STREET STE 1000 SAN FRANCISCO CA 94104 990 2024-10-01 352374612 THE WALDEN SCHOOL WALD 4155878157 7 JOOST AVENUE 204 SAN FRANCISCO CA 94131 SETH BRENZEL EXECUTIVE DIRECTOR 4155878157 2026-08-12 1 1 JANE COLEMAN P01391236 4159561500 2026-08-12 2024 2025-03-06 01:10:19Z SETH BRENZEL 7 JOOST AVENUE 204 SAN FRANCISCO CA 94131 2275652 0 X WWW.WALDENSCHOOL.ORG X 1972 NH TO INSPIRE ARTISTIC EXPRESSION AND PERSONAL GROWTH THROUGH EXPERIENTIAL MUSIC PROGRAMS. 16 16 40 35 1175 0 497012 953446 682813 678868 7180 30761 -846 999 1186159 1664074 184700 200150 0 0 477991 518487 0 0 171337 799556 819164 1462247 1537801 -276088 126273 737550 1126037 297373 388328 440177 737709 X THE WALDEN SCHOOL INSPIRES ARTISTIC EXPRESSION AND PERSONAL GROWTH THROUGH EXPERIENTIAL MUSIC PROGRAMS. 1 0 785823 176700 531272 THE WALDEN SCHOOL YOUNG MUSICIANS PROGRAM PROVIDES AN UNPARALLELED CREATIVE SUMMER EXPERIENCE FOR MUSICALLY INCLINED STUDENTS AGES 9 TO 19. PART SCHOOL, PART CAMP, AND PART FESTIVAL, THE PROGRAM CONVENES EACH SUMMER FOR FIVE WEEKS IN DUBLIN, NH. THROUGH RIGOROUS AND INNOVATIVE DAILY INSTRUCTION, STUDENTS HONE THEIR MUSICAL AND CREATIVE SKILLS WITHIN A SUPPORTIVE COMMUNITY OF LIKE-MINDED PEERS AND MENTORS. 202476 23450 147596 THE WALDEN SCHOOL CREATIVE MUSICIANS RETREAT (CMR) OFFERS TRAINING AND DEVELOPMENT OPPORTUNITIES FOR THE WELL-ROUNDED MUSICIANS (AGES 18+). AT THE CREATIVE MUSICIANS RETREAT (CMR), PARTICIPANTS TAKE CLASSES (INCLUDING COURSES IN THE WALDEN SCHOOL'S MUSICIANSHIP COURSE), SING IN THE CHORUS, WRITE MUSIC, AND IMPROVISE. PARTICIPANTS ARE EXPOSED TO A VARIETY OF WALDEN MUSICIANSHIP MATERIALS, INCLUDING ACOUSTICS, DRILLS WITH INTERVALS AND TRIADS, RESOLVING STRUCTURES, RHYTHMS, SOLFEGE AND HARMONIC ANALYSIS. CLASSES ALSO INCLUDE TOPICS IN CONTEMPORARY MUSIC AND COMPUTER MUSIC. COMPOSITION LESSONS AND MASTER CLASSES ARE OFFERED. 14647 0 0 THE WALDEN SCHOOL'S MUSICIANSHIP COURSE ENCOURAGES STUDENTS TO USE THE MATERIALS THEY STUDY TO CREATE IMPROVISATORY WORKS AND ORIGINAL COMPOSITIONS. THE METHOD NOT ONLY ENHANCES STUDENTS' MUSICAL SKILLS, BUT ALSO DEVELOPS A SENSE OF CREATIVE INDIVIDUALITY IN EXTRA-MUSICAL PURSUITS. 17556 0 0 DURING 2025, WE CONTINUED A PILOT OF THE MEMPHIS COMPOSERS INSTITUTE. WE ARE HOPING TO MAKE THIS A MORE PERMANENT, ON-GOING PROGRAM OFFERING OF THE WALDEN SCHOOL, IN PARTNERSHIP WITH THE MEMPHIS SYMPHONY ORCHESTRA AND UNIVERSITY OF MEMPHIS. WE HAD MORE THAN 100 PEOPLE PARTICIPATE AS STUDENTS, COMPOSERS, AUDIENCE MEMBERS, AND PERFORMERS DURING THIS YEAR'S INSTITUTE, AND WE HOPE TO GROW THIS IN FUTURE YEARS TO HAVE A MUCH LARGER AUDIENCE. - $9,484THE WALDEN SCHOOL HOSTS VARIOUS ALUMNI EVENTS THROUGHOUT THE YEAR, DESIGNED TO CONNECT ALUMNI TO RETAIN A VIBRANT CONNECTION TO THE ORGANIZATION. - $8,072 17556 0 0 1020502 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 32 0 1 40 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 16 16 0 0 1 0 0 0 0 1 1 0 0 0 1 1 1 0 0 1 0 0 CA NH X SETH BRENZEL 4155878157 7 JOOST AVENUE SUITE 204 SAN FRANCISCO CA 94131 PETER COLOHAN CHAIR THRU 725 VICE CHAIR (START 7/25) 1.00 X X 0 0 0 DANIELLE SCHINDLER CHEUNG CHAIR (START 7/25) 1.00 X X 0 0 0 JENNIFER WEIDMAN VICE CHAIR (START 7/25) 1.00 X X 0 0 0 DAVID ROBERTS SECRETARY 1.00 X X 0 0 0 STEPHEN SMITH TREASURER 1.00 X X 0 0 0 ANNE HAXO DIRECTOR 1.00 X 0 0 0 DAVID BIVINS DIRECTOR 1.00 X 0 0 0 DAVID KELLER DIRECTOR 1.00 X 0 0 0 JAMIE HAMILTON DIRECTOR 1.00 X 0 0 0 JOANN BALINGIT DIRECTOR 1.00 X 0 0 0 JOHN TARRH DIRECTOR (START 7/25) 1.00 X 0 0 0 KATE VALENTA DIRECTOR 1.00 X 0 0 0 RACHEL BURDICK DIRECTOR 1.00 X 0 0 0 SARAH STROUD DIRECTOR 1.00 X 0 0 0 SOLON SNIDER SWAY DIRECTOR 1.00 X 0 0 0 TESSIE MCGOUGH DIRECTOR 1.00 X 0 0 0 SETH BRENZEL EXECUTIVE DIRECTOR 40.00 X 110000 0 0 110000 0 0 1 0 0 0 0 953446 124404 953446 TUITION 611600 667600 667600 PARTICIPANT FEES 611600 6468 6468 APPLICATION FEES 611600 4800 4800 678868 30101 30101 607730 607070 660 660 660 2334 4508 -2174 -2174 ADVERTISING 541800 1175 1175 CREDIT CARD FEES 900099 1082 1082 MISCELLANEOUS REVENUE 900099 916 916 3173 1664074 678868 1175 30585 X 200150 200150 115833 56588 33684 25561 364257 177950 105926 80381 38397 18758 11166 8473 62564 62564 137508 79054 53418 5036 64667 58395 4574 1698 75242 41147 20589 13506 198347 190116 8231 58463 32970 19447 6046 1261 1261 4795 4795 22179 7767 9774 4638 KITCHEN AND FOOD 133818 128566 4474 778 PIANO RENTAL & MAINTENA 24321 23446 875 EVENTS 19974 216 19758 BOARD EXPENSES 9409 195 3854 5360 6616 4139 2375 102 1537801 1020502 345962 171337 24749 40928 4701 1659 22500 0 0 22500 666269 945486 41831 115464 737550 1126037 289419 320587 7954 67741 297373 388328 X 328607 341774 111570 395935 440177 737709 737550 1126037 X 126273 42094 129165 X 1 X 0 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 81156 267205 348361 81586 -430 81156 81586 81586 81586 81586 81586 81586 0.00000 1.00000 0.00000 0 0 22500 22500 22500 SECURITY DEPOSITS 3600 UNDEPOSITED FUNDS 43103 OPERATING LEASE RIGHT-OF-USE ASSET 66761 EMPLOYEE ADVANCE 2000 115464 OPERATING LEASE LIABILITIES 67741 67741 X 1639691 42094 -70985 -28891 1668582 -4508 -4508 1664074 1342159 4508 4508 1337651 200150 200150 1537801 PART V, LINE 4: THE ENDOWMENT FUNDS REPRESENT DONOR CONTRIBUTIONS THAT ARE SUBJECT TO RESTRICTIONS IN THE GIFT INSTRUMENTS REQUIRING THAT THE PRINCIPAL BALANCE BE MAINTAINED IN PERPETUITY; THE ENDOWMENT IS INTENDED TO ENSURE THE ORGANIZATION CAN CONTINUE TO OFFER PROGRAMS THAT EMPHASIZE CREATIVITY THROUGH MUSICIANSHIP, IMPROVISATION, AND COMPOSITION. PART X, LINE 2: FINANCIAL STATEMENT PRESENTATION FOLLOWS THE RECOMMENDATIONS OF ASC 740, INCOME TAXES. UNDER ASC 740, WALDEN IS REQUIRED TO REPORT INFORMATION REGARDING ITS EXPOSURE TO VARIOUS TAX POSITIONS IT HAS TAKEN BASED ON A TWO-STEP PROCESS THAT SEPARATES RECOGNITION FROM MEASUREMENT. THE FIRST STEP IS DETERMINING WHETHER A TAX POSITION HAS MET THE RECOGNITION THRESHOLD; THE SECOND STEP IS MEASURING A TAX POSITION THAT MEETS THE RECOGNITION THRESHOLD. MANAGEMENT BELIEVES THAT WALDEN HAS ADEQUATELY ADDRESSED ALL TAX POSITIONS AND THAT THERE ARE NO UNRECORDED TAX LIABILITIES. MANAGEMENT BELIEVES THAT WALDEN HAS ADEQUATELY EVALUATED ITS CURRENT TAX POSITIONS AND HAS CONCLUDED THAT AS OF SEPTEMBER 30, 2025 AND 2024, WALDEN DID NOT HAVE ANY UNCERTAIN TAX POSITIONS FOR WHICH A RESERVE OR AN ACCRUAL FOR A TAX LIABILITY WOULD HAVE BEEN NECESSARY. WALDEN HAS RECEIVED NOTIFICATION FROM THE INTERNAL REVENUE SERVICE AND THE STATE OF CALIFORNIA THAT IT QUALIFIES FOR TAX-EXEMPT STATUS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND SECTION 23701D OF THE CALIFORNIA REVENUE AND TAXATION CODE, RESPECTIVELY. THERE IS NO LEGAL REQUIREMENT TO OBTAIN TAX-EXEMPT STATUS FROM THE STATE OF NEW HAMPSHIRE. THE EXEMPTIONS ARE SUBJECT TO PERIODIC REVIEW BY THE FEDERAL AND CALIFORNIA TAXING AUTHORITIES, AND MANAGEMENT IS CONFIDENT THAT WALDEN CONTINUES TO SATISFY ALL FEDERAL AND STATE STATUTES IN ORDER TO QUALIFY FOR CONTINUED TAX-EXEMPT STATUS. WALDEN MAY PERIODICALLY RECEIVE UNRELATED BUSINESS INCOME REQUIRING WALDEN TO FILE SEPARATE TAX RETURNS UNDER FEDERAL AND STATE STATUTES. UNDER SUCH CONDITIONS, WALDEN CALCULATES, ACCRUES, AND REMITS THE APPLICABLE TAXES. PART XI, LINE 2D - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID -200,150. EMPLOYEE RETENTION CREDIT - PRIOR YEAR ADJUSTMENT 129,165. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD -4,508. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 4,508. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID 200,150. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 THE WALDEN SCHOOL INCLUDES ITS NON-DISCRIMINATION POLICY STATEMENT IN ITS APPLICATION MATERIALS, IN ADDITION TO BEING POSTED ON ITS WEBSITE, (WWW.WALDENSCHOOL.ORG), EMPLOYMENT DATA, BROCHURES, HANDBOOKS. 1 STUDENT FINANCIAL AID 44 200150 PART I, LINE 2: THE ORGANIZATION PROVIDES NEED-BASED FINANCIAL AID RANGING FROM 13%-100% OF TUITION, ROOM, AND BOARD. EACH STUDENT APPLYING FOR FINANCIAL AID IS REQUIRED TO COMPLETE A FINANCIAL AID APPLICATION AND PROVIDE HIS/HER GUARDIAN'S TAX RETURNS, WHICH THE ORGANIZATION UTILIZES IN DETERMINING THE AMOUNT OF FINANCIAL AID AWARDED. X 1 101904 FMV X PIANO 1 22500 FMV 0 0 1 0 PART I, COLUMN (B): REPORTS NUMBER OF CONTRIBUTIONS. SCHEDULE M, PART I, LINE 25: THE PIANO WAS RECEIVED IN FISCAL YEAR 2023 BUT WAS APPRAISED IN FISCAL YEAR 2025. FORM 990, PART III, LINE 2 THE MEMPHIS COMPOSERS INSTITUTE IS A PILOT EDUCATIONAL PROGRAM THAT IS A PARTNERSHIP BETWEEN THE MEMPHIS SYMPHONY ORCHESTRA, UNIVERSITY OF MEMPHIS, AND THE WALDEN SCHOOL. THE INSTITUTE OCCURS OVER THREE DAYS DURING THE WINTER/SPRING IN MEMPHIS, TENNESSEE, AND FEATURES LIVE SYMPHONY ORCHESTRA PERFORMANCES OF NEW WORKS BY SEVERAL SELECTED COMPOSERS. THE MEMPHIS SYMPHONY ORCHESTRA PROVIDES THE ORCHESTRA, CONDUCTOR, AND MUSICIANS; THE UNIVERSITY OF MEMPHIS PROVIDES SPACE FOR WORKSHOPS, MASTERCLASSES, REHEARSALS, AND THE CULMINATING PERFORMANCE. THE WALDEN SCHOOL ASSEMBLES A PANEL OF COMPOSERS AND PERFORMERS CONNECTED TO EACH OF THE THREE PARTNER ORGANIZATIONS AND ORGANIZES A CALL FOR SCORES AND JUDGING AND SELECTION BY THE PANEL. DURING THE MULTI-DAY INSTITUTE IN MEMPHIS, THERE ARE OUTREACH EDUCATIONAL ACTIVITIES WITH LOCAL SCHOOLS AND YOUTH MUSIC ENSEMBLES, OPEN REHEARSALS OF THE PIECES, TALKBACK CONVERSATIONS WITH THE PANELISTS AND ALSO WITH THE SELECTED COMPOSERS. FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATION'S BYLAWS WERE AMENDED IN JULY 2024 TO REMOVE THE EXECUTIVE COMMITTEE'S AUTHORITY TO ACT ON BEHALF OF THE BOARD AND TO MAKE OTHER CLARIFYING AND CONCISION-RELATED CHANGES. FORM 990, PART VI, SECTION B, LINE 11B AN INDEPENDENT TAX ACCOUNTANT PREPARES A DRAFT OF THE FORM 990; THE EXECUTIVE DIRECTOR REVIEWS THE DRAFT FORM 990 AND PROVIDES COMMENTS, EDITS, AND CORRECTIONS. AFTER REVISIONS ARE COMPLETED, THE FILING COPY OF THE FORM 990 IS PROVIDED TO FINANCE COMMITTEE LEADERSHIP FOR REVIEW AND APPROVAL. THE ORGANIZATION MAINTAINS APPROPRIATE SAFEGUARDS TO PROTECT CONFIDENTIAL DONOR INFORMATION. PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE, THE PUBLIC DISCLOSURE COPY OF FORM 990 IS PROVIDED TO ALL MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR, PRIOR TO TAKING HIS OR HER POSITION ON THE BOARD, AND ALL PRESENT DIRECTORS, SHALL SUBMIT IN WRITING TO THE CHAIR OF THE BOARD A LIST OF ALL BUSINESSES OR OTHER ORGANIZATIONS OF WHICH HE OR SHE IS AN OFFICER, DIRECTOR, TRUSTEE, MEMBER, OWNER, SHAREHOLDER, EMPLOYEE, OR AGENT, WITH WHICH THE BUSINESS HAS, OR MIGHT REASONABLY IN THE FUTURE ENTER INTO, A RELATIONSHIP OR TRANSACTION IN WHICH THE DIRECTOR WOULD HAVE CONFLICTING INTERESTS. THE CHAIR SHALL BECOME FAMILIAR WITH THE STATEMENTS OF ALL DIRECTORS IN ORDER TO GUIDE HIS OR HER CONDUCT SHOULD A CONFLICT ARISE. AT SUCH TIME AS ANY MATTER COMES BEFORE THE BOARD IN SUCH A WAY AS TO GIVE RISE TO A CONFLICT OF INTEREST, THE AFFECTED DIRECTOR SHALL MAKE KNOWN THE POTENTIAL CONFLICT, WHETHER DISCLOSED BY HIS OR HER WRITTEN STATEMENT OR NOT, AND AFTER ANSWERING ANY QUESTIONS THAT MIGHT BE ASKED OF HIM OR HER, SHALL WITHDRAW FROM THE MEETING FOR SO LONG AS THE MATTER CONTINUES UNDER DISCUSSION. IN ADDITION, OTHER DIRECTORS WHO THEMSELVES HAVE HAD PECUNIARY BENEFIT TRANSACTIONS WITH THE BUSINESS WITHIN THE SAME FISCAL YEAR, SHOULD NEITHER BE PRESENT NOR PARTICIPATE IN THE DISCUSSION. SHOULD THE MATTER BE BROUGHT TO A VOTE, NEITHER THE AFFECTED DIRECTOR NOR ANY OTHER DIRECTOR WITH A PECUNIARY BENEFIT TRANSACTION WITH THE BUSINESS THE SAME FISCAL YEAR SHALL VOTE ON IT. FORM 990, PART VI, SECTION B, LINE 15A MEMBERS OF THE BOARD OF DIRECTORS REVIEW THE COMPENSATION OF THE EXECUTIVE DIRECTOR ANNUALLY THROUGH THE ORGANIZATION'S ANNUAL BUDGETING PROCESS AND IN ACCORDANCE WITH THE IRS RULES AND REGULATIONS. COMPENSATION DATA FROM INDUSTRY SOURCES ARE CONSULTED. THE ORGANIZATION USES APPROPRIATE COMPARABILITY DATA AND THE DELIBERATION AND DECISION ARE CONTEMPORANEOUSLY DOCUMENTED. THIS PROCESS WAS LAST DONE DURING 2024. FORM 990, PART VI, SECTION B, LINE 15B HAS BEEN ANSWERED "NO" AS THE ORGANIZATION DOES NOT COMPENSATE ANY ADDITIONAL OFFICERS OR KEY EMPLOYEES (BY DEFINITION OF THE FORM 990 INSTRUCTIONS). FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G GUEST ARTISTS AND COMMISSIONS: PROGRAM SERVICE EXPENSES 55,900. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 4,750. TOTAL EXPENSES 60,650. LAUNDRY AND JANITORIAL: PROGRAM SERVICE EXPENSES 8,485. MANAGEMENT AND GENERAL EXPENSES 370. FUNDRAISING EXPENSES 286. TOTAL EXPENSES 9,141. PAYROLL SERVICES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 3,324. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,324. PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 14,669. MANAGEMENT AND GENERAL EXPENSES 49,724. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 64,393. FORM 990, PART XI, LINE 9: EMPLOYEE RETENTION CREDIT - PRIOR YEAR ADJUSTMENT 129,165.