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Waterford Institute Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 510202349 ✦ Taylorsville, UT ✦ Designated as a 501(c)(3)

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Overview

What is Waterford Institute Inc?

Waterford Institute Inc is a nonprofit organization based in Taylorsville, Utah, with a workforce of 405 employees. Their mission is to promote academic equity for all learners by blending the best aspects of learning science, mentoring relationships, and innovative technologies. They offer community, school, and home programs that leverage a collaborative model of child, family, and educator engagement to deliver significant and lasting gains in academic achievement. Sponsors enable Waterford's at-home kindergarten readiness program, Waterford Upstart, which customizes offerings based on local needs and includes curriculum & instruction, educator services, family services, accessibility, and program management. Waterford Upstart's instructional software and digital components continue into kindergarten and through sixth grade, available for schools as Waterford Reading Academy.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 82% (Three-Star out of Four Stars)

Waterford Institute Inc has earned a Three-Star rating from Charity Navigator, reflecting a solid performance in both accountability and community engagement. With an 83% score in Accountability & Finance and a remarkable 90% in Culture & Community, the organization demonstrates effective management of resources and a strong connection with its constituents. The high scores in feedback collection and usage indicate a commitment to listening and responding to the needs of those they serve.

User feedback is overwhelmingly positive, with clients praising the Waterford Upstart program for its effectiveness in teaching early literacy skills. Parents have reported significant improvements in their children's reading and writing abilities, attributing their success to the structured and engaging approach of the program. Professional reviewers also highlight the organization's impact, noting its capacity to provide valuable educational opportunities across different states.

While the organization has a good financial standing, as evidenced by its program expense ratio of 90.49%, it still faces challenges as indicated by a lower score in Culture & Community. This may suggest areas for improvement in further engaging with the community or enhancing organizational culture. Overall, Waterford Institute Inc is recognized for its impactful educational programs and a strong commitment to accountability.


This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.

Is Waterford Institute Inc legitimate?

Waterford Institute Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Waterford Institute Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $5,374,299
Professional Fundraising Fees: $0
Other Salaries and Wages: $23,092,909

For more financial information, click here

What is the mission statement of Waterford Institute Inc?

Waterford Institute Inc is dedicated to providing academic equity for all learners through community, school, and home programs. They strive to blend the best of learning science, mentoring relationships, and innovative technologies to create effective and equitable learning opportunities. Their collaborative approach engaging children, families, and educators leads to significant gains in academic achievement.

Waterford Upstart, their at-home kindergarten readiness program, prepares four- and five-year-old children for school. Program sponsors can customize Waterford Upstart based on local needs, choosing from their offerings in curriculum & instruction, educator services, family services, accessibility, and program management. The instructional software and digital components of Waterford Upstart continue through sixth grade and are available for school purchase as Waterford Reading Academy, a comprehensive, individualized and adaptive platform that guides students in their reading journey.

Who is the CEO of Waterford Institute Inc?

David Andrew Myers is the Ceo of Waterford Institute Inc. The CEO's salary of Waterford Institute Inc is $404,158 and their total compensation is $447,841.

What is the revenue of Waterford Institute Inc?

Waterford Institute Inc's revenue in 2022 was $59,028,188.

Who are the executives of Waterford Institute Inc and what are their salaries?

The average compensation at Waterford Institute Inc during 2022 was $70,289. There are 405 employees at Waterford Institute Inc.


Here are 27 key members and their salaries (Waterford Institute Inc's CEO's salary is $404,158 and their total compensation is $447,841):


David Andrew Myers (Ceo)
  • Compensation: $404,158
  • Related: $0
  • Other: $43,683
Sheri Black (Sr Director School Relations)
  • Compensation: $374,822
  • Related: $0
  • Other: $40,484
Jodi Sohrt (Director School Relations)
  • Compensation: $372,434
  • Related: $0
  • Other: $38,147
Edward Benjamin Heuston (Executive Director)
  • Compensation: $368,619
  • Related: $0
  • Other: $38,005
Christoper Stevenson (Vp School Relations)
  • Compensation: $353,816
  • Related: $0
  • Other: $45,078
Trevor Kerr (Vp Inside School Relations)
  • Compensation: $345,261
  • Related: $0
  • Other: $38,578
Daniel Newbold (Director School Relations)
  • Compensation: $273,546
  • Related: $0
  • Other: $39,373
Claudia Miner (Chief Upstart Officer)
  • Compensation: $286,257
  • Related: $0
  • Other: $20,740
Jason Hoopes (Regional Vp)
  • Compensation: $285,407
  • Related: $0
  • Other: $18,552
Thomas Ness (Cfo)
  • Compensation: $269,725
  • Related: $0
  • Other: $33,123
Brandon Smith (Director School Relations)
  • Compensation: $256,941
  • Related: $0
  • Other: $35,178
Richard Stombres (Sr Vp Government Relations)
  • Compensation: $220,321
  • Related: $0
  • Other: $30,524
Michael Hight (Chief Technology Officer)
  • Compensation: $223,415
  • Related: $0
  • Other: $12,039
Kathy Landon (Chief Program Officer)
  • Compensation: $215,455
  • Related: $0
  • Other: $19,500
Lori Pugh (Chief People Officer)
  • Compensation: $210,238
  • Related: $0
  • Other: $22,358
Scott Wood (Software Engineer)
  • Compensation: $188,013
  • Related: $0
  • Other: $28,713
James Lund (Svp, Program Success)
  • Compensation: $186,973
  • Related: $0
  • Other: $28,472
Mark Welling (Chief Marketing Officer)
  • Compensation: $202,396
  • Related: $0
  • Other: $10,137
Michael Hudson (Director Of It And Dev Ops)
  • Compensation: $172,785
  • Related: $0
  • Other: $22,527
Jennifer Torres (Svp, Curriculum & Instruction)
  • Compensation: $163,718
  • Related: $0
  • Other: $8,170
Allison Gushee Molkenthin (Board Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ernest Blackwell (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Holbrook (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Todd Cranney (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Wayne Ysaguirre (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ann Christensen (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stephanie Monroe (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Waterford Institute Inc?

Waterford Institute Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Waterford Institute Inc

Waterford Institute Inc, a renowned nonprofit organization, strives to provide academic equity for all learners by implementing community, school, and home programs. Their ultimate goal is to blend the most effective aspects of learning science, mentoring relationships, and innovative technologies. Through this collaborative approach, Waterford Institute Inc fosters significant and lasting gains in academic achievement for learners.

The organization's mission is brought to life through Waterford Upstart, their at-home kindergarten readiness program. This initiative equips four- and five-year-old children with the necessary skills to succeed in school. Waterford Institute Inc offers customizable solutions based on local needs, providing a range of capabilities in curriculum & instruction, educator services, family services, accessibility, and program management. The instructional software and other digital components of Waterford Upstart continue through sixth grade, making it available for school purchase as Waterford Reading Academy. This comprehensive, individualized, and adaptive platform guides students as they learn to read and read to learn.

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Impact




October, 2024

Waterford Institute Inc significantly impacts academic equity by creating innovative programs that integrate the best practices of learning science, mentoring, and technology. By fostering partnerships among communities, schools, and families, Waterford aims to enhance the educational experiences of all learners, particularly those who may face barriers to achievement.

One of their key initiatives, Waterford Upstart, focuses on kindergarten readiness, preparing four- and five-year-olds for school through tailored programs that address local community needs. The initiative emphasizes a collaborative approach, engaging children, families, and educators to ensure that every child has access to high-quality educational resources. This program not only supports early learning but also contributes to lasting improvements in academic performance as children progress through their educational journey.

The impact of Waterford's instructional software, particularly the Waterford Reading Academy, extends beyond early childhood education, providing comprehensive support to students up to sixth grade. This adaptive platform guides learners through essential literacy skills, effectively equipping them for academic success. By prioritizing accessibility and customization, Waterford ensures that different learning styles and community requirements are met, reinforcing their commitment to equity in education.

Through these thoughtful, evidence-based programs and a focus on collaboration, Waterford Institute Inc creates significant and meaningful advancements in educational outcomes, helping to close the achievement gap and foster a love of learning among all students.




This information is meant to be a general summary of Waterford Institute Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$59,028,188 (2022)
Expenses
$57,748,598 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $34,423
  • Program Service Revenue: $49,744,696
  • Gross Receipts: $59,028,188

Assets and Liabilities:

  • Total Assets: $68,734,767
  • Total Liabilities: $55,658,477
  • Net Assets: $13,076,290

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

GOVT AGENCY FEES

Revenue

$49,744,696

Organization Details

Founding Year

1976

Principal Officer

David Andrew Myers

Main Address

4246 SOUTH RIVERBOAT ROAD, TAYLORSVILLE, UT, 84123

NTEE Category

Code: U410 - Science research

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