The Waverly School: FY2024 Nonprofit Profile & Form 990 (EIN 95-4869859)

Clarke Weatherspoon’s $305K as Head of School is at the 66th percentile of top reported officer pay among 3683 $10–100M 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

Name	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Clarke Weatherspoon	$305,416	$289,029	$153,380	—	—	—
Heidi Johnson	—	—	—	$163,320	$248,043	$242,756
Jason Gottlieb	—	—	—	$185,495	$157,080	$145,879
Amy Sloboda	$171,600	$141,900	$125,000	$103,500	—	—
John Huber	—	—	$160,080	$149,695	—	—
Juli Khoe	$157,826	$148,689	$130,651	$66,204	—	—
Ricco Siasoco	$152,235	—	—	—	—	—
Molly Geller	$151,393	$137,650	$127,353	—	—	—

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.

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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

Educates children from preschool through twelfth grade.

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1 program · $10.8M · in their own filed words · FY2023

01

The waverly school is a non-profit, educational institution, serving children from preschool through twelfth grade. The current whole school enrollment is 314 students. Families who chose the waverly school come from diverse backgrounds in terms of their ethnicity, culture, socioeconomic status, profession and educational attainment…

$10.8Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid

Grants received · FY2025

Noah Langholz Remembrance FundFY2025$500

Total grants receivedfrom 1 funder$500

Grants paid · 3 grants · $7.6M · 2022–2024

Unitemized GrantFY2024$2,844,942

Unitemized GrantFY2023$2,630,045

Unitemized GrantFY2022$2,084,135

By the numbers

The FY2024 990, line by line.

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1The main four

Money inPt VIII

$11.4M

Ln 12

Fees for servicesLn 2g$10.8M

Gifts and grantsLn 1h$486K

Investment incomeLn 3$120K

Money outPt IX

$12.1M

Ln 25

Programscol B$10.8M

Managementcol C$1.0M

Fundraisingcol D$309K

Owns and owesPt X

$6.3M

net assets · Ln 32

Cash and savingsLn 1–2$5.6M

Total assetsLn 16$18.5M

LiabilitiesLn 26$12.3M

PeoplePt VI, VII

22

listed · VII A

PaidVII A7

Voting boardVI 1a15

IndependentVI 1b10

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$486K

Fundraising eventsLn 1c$27K

Fees for servicesLn 2g$10.8M

Investment incomeLn 3$120K

Other incomeLn 4–11$6K

Total revenueLn 12$11.4M

Assets in detailPt X, end of year

CashLn 1$519K

SavingsLn 2$5.1M

Cash and savings togetherLn 1–2$5.6M

Land, buildings, equipmentLn 10c$12.3M

Other assetsLn 15$491K

Total assetsLn 16$18.5M

LiabilitiesLn 26$12.3M

Net assetsLn 32$6.3M

OperationsPt I, VI

EmployeesI 5106

VolunteersI 620

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

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$6.8M	$5.6M
Land, buildings, equipmentLn 10c	$12.2M	$12.3M
Total assetsLn 16	$19.8M	$18.5M
LiabilitiesLn 26	$12.8M	$12.3M
Net assetsLn 32	$7.0M	$6.3M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic individualsLn 2	$2.6M	$2.6M
Pay of current officers, directors and key staffLn 5	$503K	$263K	$208K	$33K
Other salaries and wagesLn 7	$5.1M	$4.8M	$110K	$167K
Pension plan contributionsLn 8	$149K	$144K		$5K
Other employee benefitsLn 9	$564K	$526K	$17K	$20K
Payroll taxesLn 10	$429K	$390K	$23K	$15K
Legal feesLn 11b	$248K		$240K	$9K
Accounting feesLn 11c	$41K		$41K
Other fees for servicesLn 11g	$262K	$245K	$11K	$7K
Office expensesLn 13	$75K	$68K	$4K	$3K
OccupancyLn 16	$361K	$348K	$7K	$5K
TravelLn 17	$200	$182	$11	$7
InterestLn 20	$303K		$303K
Depreciation, depletion and amortizationLn 22	$335K	$305K	$18K	$12K
InsuranceLn 23	$68K	$62K	$4K	$2K
Other expenses (24a–d)Ln 24	$1.0M	$973K	$27K	$18K
All other expensesLn 24e	$61K	$47K	$1K	$13K
Total functional expensesLn 25	$12.1M	$10.8M	$1.0M	$309K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest	$12.3M	$12.9M	−$580K	$5.7M	990 PDF
FY2024 Viewing	$11.4M	$12.1M	−$698K	$6.3M	990 PDF
FY2023	$14.9M	$10.9M	$4.0M	$7.0M	990 PDF
FY2022	$11.2M	$10.7M	$497K	$3.0M	990 PDF
FY2021	$10.3M	$10.2M	$70K	$2.8M	990 PDF
FY2020	$9.4M	$9.3M	$40K	$2.8M	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations

See the full FY2024 990 (6 parts)

Part I · Summary $11,415,464 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $4,494,528$485,793

I-9 Program service revenuePrior year $10,307,361$10,804,031

I-10 Investment incomePrior year $26,738$119,561

I-11 Other revenuePrior year $34,742$6,079

I-12 Total revenuePrior year $14,863,369$11,415,464

I-13 Grants and similar amounts paidPrior year $2,084,135$2,630,045

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $6,336,439$6,709,770

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $2,461,258$2,773,785

I-18 Total expensesPrior year $10,881,832$12,113,600

I-19 Revenue less expensesPrior year $3,981,537−$698,136

Part VI · Governance 10 of 15 board members independent, no flags

VI-1a Voting members of the governing body15

VI-1b Independent voting members10

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 $11,415,464 across 8 lines filed

VIII-1c Fundraising events$27,038

VIII-1f All other contributions, gifts and grants$458,755

VIII-1h Total contributions, gifts and grants$485,793

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $10,804,031$10,804,031

VIII-3 Investment incomeExcluded from tax $119,561$119,561

VIII-8 Net income from fundraising eventsExcluded from tax −$6,020−$6,020

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $12,099$12,099

VIII-12 Total revenueRelated to mission $10,804,031 · Unrelated business $0 · Excluded from tax $125,640$11,415,464

Part IX · Statement of functional expenses $12,113,600 across 17 lines filed

IX-2 Grants to domestic individualsPrograms $2,630,045$2,630,045

IX-5 Pay of current officers, directors and key staffPrograms $262,580 · Management $207,560 · Fundraising $32,822$502,962

IX-7 Other salaries and wagesPrograms $4,788,463 · Management $109,999 · Fundraising $167,051$5,065,513

IX-8 Pension plan contributionsPrograms $144,372 · Fundraising $4,598$148,970

IX-9 Other employee benefitsPrograms $526,229 · Management $17,307 · Fundraising $20,211$563,747

IX-10 Payroll taxesPrograms $390,399 · Management $22,848 · Fundraising $15,331$428,578

IX-11b Legal feesManagement $239,575 · Fundraising $8,888$248,463

IX-11c Accounting feesManagement $40,853$40,853

IX-11g Other fees for servicesPrograms $244,610 · Management $10,620 · Fundraising $7,126$262,356

IX-13 Office expensesPrograms $68,012 · Management $3,982 · Fundraising $2,671$74,665

IX-16 OccupancyPrograms $348,266 · Management $7,361 · Fundraising $4,939$360,566

IX-17 TravelPrograms $182 · Management $11 · Fundraising $7$200

IX-20 InterestManagement $303,164$303,164

IX-22 Depreciation, depletion and amortizationPrograms $305,481 · Management $17,878 · Fundraising $11,996$335,355

IX-23 InsurancePrograms $62,291 · Management $3,646 · Fundraising $2,446$68,383

IX-24 Other expenses (24a–d)Programs $973,185 · Management $27,309 · Fundraising $18,322$1,018,816

IX-24e All other expensesPrograms $47,114 · Management $1,022 · Fundraising $12,828$60,964

IX-25 Total functional expensesPrograms $10,791,229 · Management $1,013,135 · Fundraising $309,236$12,113,600

Part X · Balance sheet $18,542,402 assets, 16 lines filed

X-1 Cash, non-interest-bearingStart of year $330,620$518,612

X-2 Savings and temporary cash investmentsStart of year $6,486,705$5,111,547

X-3 Pledges and grants receivableStart of year $1,600$1,000

X-4 Accounts receivableStart of year $748$65,103

X-9 Prepaid expenses and deferred chargesStart of year $86,203$101,211

X-10c Land, buildings and equipment, netStart of year $12,173,093$12,254,377

X-15 Other assetsStart of year $704,751$490,552

X-16 Total assetsStart of year $19,783,720$18,542,402

X-17 Accounts payable and accrued expensesStart of year $590,899$635,800

X-19 Deferred revenueStart of year $3,319,291$3,148,521

X-25 Other liabilitiesStart of year $694,540$483,832

X-26 Total liabilitiesStart of year $12,831,512$12,288,330

X-27 Net assets without donor restrictionsStart of year $4,188,591$4,829,738

X-28 Net assets with donor restrictionsStart of year $2,763,617$1,424,334

X-32 Total net assets or fund balancesStart of year $6,952,208$6,254,072

X-33 Total liabilities and net assetsStart of year $19,783,720$18,542,402

Part XI · Reconciliation of net assets $6,254,072 net assets at year end

XI-1 Total revenue$11,415,464

XI-2 Total expenses$12,113,600

XI-3 Revenue less expenses−$698,136

XI-4 Net assets at start of year$6,952,208

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$6,254,072

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

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The Waverly School FY2024 filing

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