philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Watershed High School

Tax-deductible

Minneapolis, MN501(c)(3)Since 2002EducationEIN 47-0858757Revenue $944K in FY2024

On file with the IRSwatershedhs.org5353 Gamble Dr Ste 320, 55416-1545 · Minneapolis, MNTax-exempt since May 2004School — 170(b)(1)(A)(ii)

This page gets seen. Tell your story. Claim this org.

The mission of Watershed High School is to empower students to grow socially and academically in a safe, flexible, supportive arts-infused environment.

501(c)(3) charity; gifts are tax-deductible.
71¢ of each $1 spent went to programs.
Run by 3 volunteers and 16 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $86K a year · 9% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
71%
of spending
Fine: 71% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$164K
to officers and key staff · 16% of spending
Top officer’s pay higher than 55% of similar orgs
Fine: pay to officers and key staff is 16% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Fine: 2.9 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $177
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$804K
97% of total assets
Concern: liabilities are 97% of assets; over 80%.
Pt X · Ln 26
Independent board members
4
of 7 voting members
Looks good: 4 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$944K
-25% vs prior year
Spent
$1.0M
To programs
71%
Net assets
$22K
By yearFY2020–FY2024
Revenue
$944K
FY2024▼ -25%
Tap a bar for its year
Revenue by fiscal year
FY2020$836K
FY2021$858K
FY2022$967K
FY2023$1.0M
FY2024$1.3M
FY2024$944K
Expenses
$1.0M
FY2024▲ +6%
Tap a bar for its year
Expenses by fiscal year
FY2020$906K
FY2021$832K
FY2022$812K
FY2023$978K
FY2024$970K
FY2024$1.0M
Net assets
$22K
FY2024▼ -79%
Tap a bar for its year
Net assets by fiscal year
FY2020−$398K
FY2021−$372K
FY2022−$217K
FY2023−$186K
FY2024$105K
FY2024$22K

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 2004.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

71 cents of each dollar spent went to programs.

Program services 71% · $730K Management & general 29% · $297K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? The org can add a note here. Request edit privileges.

Who runs it and what they're paid

8 people listed on the 990; $164K paid to officers and key staff.

Part VII, Section A · reportable compensation
Elizabeth Kneip
Executive Director
$62,943Pt VII · Sec A
Hayley Grey
Member/Teacher (end 3.9.25)
$47,164Pt VII · Sec A
Ryan Cooper
Member and Teacher
$39,241Pt VII · Sec A
Andrew Schmidt
Member/Teacher (beg 3.21.25)
$14,273Pt VII · Sec A
$0Pt VII · Sec A
Tim Nelson
Secretary
$0Pt VII · Sec A
Carissa Anderson
Board Chair
$0Pt VII · Sec A
Melissa Scott
Member (beg 3.8.25)
$0Pt VII · Sec A

Elizabeth Kneip’s $63K as Executive Director is at the 55th percentile of top reported officer pay among 1613 $100K–1M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Destiny Sparks———$83,924$78,764$79,800
Elizabeth Kneip$62,943$47,481————
Jason Kinsley———$44,113$47,670$48,410
Hayley Grey$47,164$45,969$43,000———
Alan Stellpflug————$43,630$44,290
Nicholas Lange——$42,950$44,274——
Ryan Cooper$39,241$42,510————
Hayley Vetsch————$34,689$35,217

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Watershed High School executive salaries →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Request edit privileges.

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Helps students grow socially and academically in a safe, supportive environment.

Questions for Watershed High School

Tap to ask. Watershed High School sees how many people are interested.

Your first name shows with your question. Watershed High School answers here, for everyone.

Provided by the organization

Know this organization? Claim it to add your story

1 program · $730K · in their own filed words · FY2024
01

Watershed High School's vision is to help each student believe they can succeed in whatever they dream for themselves, starting with graduating from high school. Students will develop self-confidence, respect for themselves and others, the ability to advocate for themselves, and the ability to stick it out when the going gets tough.

$730Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2023
Amazonsmile FoundationFY2023$177
Total grants receivedfrom 1 funder$177

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$944K
Ln 12
Gifts and grantsLn 1h$931K
Investment incomeLn 3$8K
Other incomeLn 4–11$6K
Money outPt IX
$1.0M
Ln 25
Programscol B$730K
Managementcol C$297K
Owns and owesPt X
$22K
net assets · Ln 32
Cash and savingsLn 1–2$252K
Total assetsLn 16$825K
LiabilitiesLn 26$804K
PeoplePt VI, VII
8
listed · VII A
PaidVII A4
Voting boardVI 1a7
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$931K
Government grantsLn 1e$917K
Noncash giftsLn 1g$1K
Fees for servicesLn 2g$109
Investment incomeLn 3$8K
Other incomeLn 4–11$6K
Total revenueLn 12$944K
Assets in detailPt X, end of year
CashLn 1$64K
SavingsLn 2$187K
Cash and savings togetherLn 1–2$252K
Land, buildings, equipmentLn 10c$234K
Other assetsLn 15$99K
Total assetsLn 16$825K
LiabilitiesLn 26$804K
Net assetsLn 32$22K
OperationsPt I, VI
EmployeesI 516
VolunteersI 63
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$487K$252K
Land, buildings, equipmentLn 10c$312K$234K
Total assetsLn 16$990K$825K
LiabilitiesLn 26$886K$804K
Net assetsLn 32$105K$22K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$154K$91K$63K
Other salaries and wagesLn 7$318K$277K$41K
Pension plan contributionsLn 8$23K$15K$8K
Other employee benefitsLn 9$26K$10K$15K
Payroll taxesLn 10$35K$27K$8K
Legal feesLn 11b$2K$2K
Accounting feesLn 11c$68K$68K
Other fees for servicesLn 11g$144K$83K$61K
Office expensesLn 13$45K$21K$24K
Information technologyLn 14$13K$8K$5K
OccupancyLn 16$136K$136K
TravelLn 17$21K$20K$1K
InsuranceLn 23$14K$14K
Other expenses (24a–d)Ln 24$29K$29K
Total functional expensesLn 25$1.0M$730K$297K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $1.3M$970K$290K$105K 990 PDF
FY2023 $1.0M$978K$32K−$186K 990 PDF
FY2022 $967K$812K$155K−$217K 990 PDF
FY2021 $858K$832K$26K−$372K 990 PDF
FY2020 $836K$906K−$70K−$398K 990 PDF

Want to add your own materials alongside these filings? Claim this org

Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $944,495 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,169,218$930,589
I-9 Program service revenuePrior year $0$109
I-10 Investment incomePrior year $10,841$7,890
I-11 Other revenuePrior year $79,963$5,907
I-12 Total revenuePrior year $1,260,022$944,495
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $561,157$555,833
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $408,513$471,670
I-18 Total expensesPrior year $969,670$1,027,503
I-19 Revenue less expensesPrior year $290,352−$83,008
Part VI · Governance 4 of 7 board members independent, no flags
VI-1a Voting members of the governing body7
VI-1b Independent voting members4
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $944,495 across 8 lines filed
VIII-1e Government grants$917,056
VIII-1f All other contributions, gifts and grants$13,533
VIII-1g Noncash contributions (included above)$1,316
VIII-1h Total contributions, gifts and grants$930,589
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $109$109
VIII-3 Investment incomeExcluded from tax $7,890$7,890
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $5,907$5,907
VIII-12 Total revenueRelated to mission $6,016 · Unrelated business $0 · Excluded from tax $7,890$944,495
Part IX · Statement of functional expenses $1,027,503 across 14 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $91,127 · Management $62,943$154,070
IX-7 Other salaries and wagesPrograms $276,700 · Management $41,307$318,007
IX-8 Pension plan contributionsPrograms $15,073 · Management $7,819$22,892
IX-9 Other employee benefitsPrograms $10,349 · Management $15,181$25,530
IX-10 Payroll taxesPrograms $27,359 · Management $7,975$35,334
IX-11b Legal feesManagement $2,082$2,082
IX-11c Accounting feesManagement $67,949$67,949
IX-11g Other fees for servicesPrograms $82,927 · Management $61,453$144,380
IX-13 Office expensesPrograms $20,686 · Management $24,328$45,014
IX-14 Information technologyPrograms $7,765 · Management $4,993$12,758
IX-16 OccupancyPrograms $135,867$135,867
IX-17 TravelPrograms $19,821 · Management $1,140$20,961
IX-23 InsurancePrograms $13,867$13,867
IX-24 Other expenses (24a–d)Programs $28,792$28,792
IX-25 Total functional expensesPrograms $730,333 · Management $297,170 · Fundraising $0$1,027,503
Part X · Balance sheet $825,454 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $143,821$64,321
X-2 Savings and temporary cash investmentsStart of year $343,367$187,343
X-3 Pledges and grants receivableStart of year $62,009$229,395
X-4 Accounts receivableStart of year $1,526$2,500
X-9 Prepaid expenses and deferred chargesStart of year $17,198$9,028
X-10c Land, buildings and equipment, netStart of year $312,166$234,124
X-15 Other assetsStart of year $110,286$98,743
X-16 Total assetsStart of year $990,373$825,454
X-17 Accounts payable and accrued expensesStart of year $42,242$75,581
X-25 Other liabilitiesStart of year $843,447$728,197
X-26 Total liabilitiesStart of year $885,689$803,778
X-32 Total net assets or fund balancesStart of year $104,684$21,676
X-33 Total liabilities and net assetsStart of year $990,373$825,454
Part XI · Reconciliation of net assets $21,676 net assets at year end
XI-1 Total revenue$944,495
XI-2 Total expenses$1,027,503
XI-3 Revenue less expenses−$83,008
XI-4 Net assets at start of year$104,684
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$21,676

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.