Watershed High School FY2020 filing

Tax-deductible

Minneapolis, MN501(c)(3)Since 2002EducationEIN 47-0858757

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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.
$208K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · 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
$208K
to officers and key staff · 23% of spending
Worth a look: pay to officers and key staff is 23% of spending; over 20%.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 4.1 months of spending in cash; 3 or more.
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
$1.2M
148% of total assets
Concern: liabilities are 148% 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
$836K
Spent
$906K
To programs
71%
Net assets
−$398K
By yearFY2020–FY2024
Revenue
$836K
FY2020
Revenue by fiscal year
FY2020$836K
FY2021$858K
FY2022$967K
FY2023$1.0M
FY2024$1.3M
FY2024$944K
Expenses
$906K
FY2020
Expenses by fiscal year
FY2020$906K
FY2021$832K
FY2022$812K
FY2023$978K
FY2024$970K
FY2024$1.0M
Net assets
−$398K
FY2020
Net assets by fiscal year
FY2020−$398K
FY2021−$372K
FY2022−$217K
FY2023−$186K
FY2024$105K
FY2024$22K

From the FY2020 Form 990 (year ending June 2020) · see the original

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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% · $641K Management & general 29% · $265K

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

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Who runs it and what they're paid

8 people listed on the 990; $208K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Executive Director
$79,800Pt VII · Sec A
Treasurer
$48,410Pt VII · Sec A
$44,290Pt VII · Sec A
$35,217Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$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 →

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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.

Provided by the organization

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1 program · $641K · in their own filed words · FY2019
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.

$641Kprogram 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
Total grants receivedfrom 1 funder$177

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$836K
Ln 12
Gifts and grantsLn 1h$828K
Fees for servicesLn 2g$4K
Other incomeLn 4–11$4K
Money outPt IX
$906K
Ln 25
Programscol B$641K
Managementcol C$265K
Owns and owesPt X
−$398K
net assets · Ln 32
Cash and savingsLn 1–2$306K
Total assetsLn 16$835K
LiabilitiesLn 26$1.2M
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$828K
Government grantsLn 1e$825K
Fees for servicesLn 2g$4K
Investment incomeLn 3$5
Other incomeLn 4–11$4K
Total revenueLn 12$836K
Assets in detailPt X, end of year
CashLn 1$294K
SavingsLn 2$13K
Cash and savings togetherLn 1–2$306K
Land, buildings, equipmentLn 10c$4K
Other assetsLn 15$466K
Total assetsLn 16$835K
LiabilitiesLn 26$1.2M
Net assetsLn 32−$398K
OperationsPt I, VI
EmployeesI 516
VolunteersI 63
Fiscal year endsHeaderJune
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 FY20End FY20
Cash and savingsLn 1–2$65K$306K
Land, buildings, equipmentLn 10c$7K$4K
Total assetsLn 16$957K$835K
LiabilitiesLn 26$1.3M$1.2M
Net assetsLn 32−$327K−$398K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$208K$153K$55K
Other salaries and wagesLn 7$194K$163K$31K
Pension plan contributionsLn 8$98K$68K$30K
Other employee benefitsLn 9$30K$18K$12K
Payroll taxesLn 10$33K$23K$10K
Other fees for servicesLn 11g$120K$12K$108K
Office expensesLn 13$24K$21K$4K
OccupancyLn 16$118K$118K
TravelLn 17$32K$29K$3K
Depreciation, depletion and amortizationLn 22$3K$674$2K
InsuranceLn 23$9K$9K
Other expenses (24a–d)Ln 24$38K$27K$11K
All other expensesLn 24e$478$478
Total functional expensesLn 25$906K$641K$265K$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 Viewing $836K$906K−$70K−$398K 990 PDF

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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 FY2020 990 (5 parts)
Part I · Summary $835,610 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $865,609$827,729
I-9 Program service revenuePrior year $7,445$4,369
I-10 Investment incomePrior year $2$5
I-11 Other revenuePrior year $158,174$3,507
I-12 Total revenuePrior year $1,031,230$835,610
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 $497,189$563,137
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $346,380$342,894
I-18 Total expensesPrior year $843,569$906,031
I-19 Revenue less expensesPrior year $187,661−$70,421
Part VIII · Statement of revenue $835,610 across 8 lines filed
VIII-1e Government grants$825,125
VIII-1f All other contributions, gifts and grants$2,604
VIII-1h Total contributions, gifts and grants$827,729
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $4,369$4,369
VIII-3 Investment incomeExcluded from tax $5$5
VIII-8 Net income from fundraising eventsExcluded from tax $492$492
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $3,015$3,015
VIII-12 Total revenueRelated to mission $4,369 · Unrelated business $0 · Excluded from tax $3,512$835,610
Part IX · Statement of functional expenses $906,031 across 13 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $152,672 · Management $55,045$207,717
IX-7 Other salaries and wagesPrograms $162,990 · Management $31,205$194,195
IX-8 Pension plan contributionsPrograms $68,165 · Management $29,605$97,770
IX-9 Other employee benefitsPrograms $17,867 · Management $12,376$30,243
IX-10 Payroll taxesPrograms $23,335 · Management $9,877$33,212
IX-11g Other fees for servicesPrograms $12,322 · Management $107,635$119,957
IX-13 Office expensesPrograms $20,515 · Management $3,560$24,075
IX-16 OccupancyPrograms $117,543$117,543
IX-17 TravelPrograms $28,871 · Management $2,784$31,655
IX-22 Depreciation, depletion and amortizationPrograms $674 · Management $2,154$2,828
IX-23 InsurancePrograms $8,661$8,661
IX-24 Other expenses (24a–d)Programs $26,532 · Management $11,165$37,697
IX-24e All other expensesPrograms $478$478
IX-25 Total functional expensesPrograms $640,625 · Management $265,406 · Fundraising $0$906,031
Part X · Balance sheet $835,241 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $52,343$293,799
X-2 Savings and temporary cash investmentsStart of year $12,511$12,514
X-3 Pledges and grants receivableStart of year $207,801$24,541
X-4 Accounts receivableStart of year $12,008$15,519
X-9 Prepaid expenses and deferred chargesStart of year $9,028$19,417
X-10c Land, buildings and equipment, netStart of year $6,615$3,787
X-15 Other assetsStart of year $657,123$465,664
X-16 Total assetsStart of year $957,429$835,241
X-17 Accounts payable and accrued expensesStart of year $73,668$60,315
X-25 Other liabilitiesStart of year $1,211,178$1,079,314
X-26 Total liabilitiesStart of year $1,284,846$1,233,079
X-32 Total net assets or fund balancesStart of year −$327,417−$397,838
X-33 Total liabilities and net assetsStart of year $957,429$835,241
Part XI · Reconciliation of net assets −$397,838 net assets at year end
XI-1 Total revenue$835,610
XI-2 Total expenses$906,031
XI-3 Revenue less expenses−$70,421
XI-4 Net assets at start of year−$327,417
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$397,838

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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