2025-07-15T12:04:21-05:00 2024-08-31 202253063 TANNER LLC 36 S STATE STREET SUITE 600 SALT LAKE CITY UT 84111 990 2023-09-01 510202349 WATERFORD INSTITUTE INC WATE 8015764900 4246 SOUTH RIVERBOAT ROAD 150 TAYLORSVILLE UT 84123 JORGE FERNANDEZ CFO 8015764900 2025-07-15 1 0 MARC A METCALF P00170461 8015327444 2025-07-15 2023 2025-03-06 01:10:19Z X 4246 SOUTH RIVERBOAT ROAD 150 TAYLORSVILLE UT 84123 46196729 0 X N/A X 1976 UT WATERFORD PROVIDES PRE-K THROUGH 2ND-GRADE READING, MATH, AND SCIENCE PROGRAMS THAT CHILDREN CAN USE WHEREVER THEY LEARN. 7 7 406 0 0 0 18360495 6494367 53656488 38137533 1493332 1543571 22342 21258 73532657 46196729 0 0 0 0 39263910 39390997 0 0 532241 21173917 19970782 60437827 59361779 13094830 -13165050 72458924 52688300 46222101 39698643 26236823 12989657 WATERFORD PROVIDES PRE-K THROUGH 2ND-GRADE READING, MATH, AND SCIENCE PROGRAMS THAT CHILDREN CAN USE WHEREVER THEY LEARN. OUR PROGRAMS HELP CHILDREN REACH CRITICAL MILESTONES BY THE 3RD GRADE, LAYING THE FOUNDATION FOR THEIR FUTURE SUCCESS. 0 0 53374083 38158791 WATERFORD SUPPORTS NEARLY 200,000 CHILDREN PRE-K - 2ND GRADE ANNUALLY THROUGH ITS HOME-BASED AND PLACE-BASED PROGRAMS (UPSTART AND WATERFORD EARLY LEARNING) THAT TEACH STUDENTS FOUNDATIONAL EARLY LEARNING SKILLS IN READING, MATH, AND SCIENCE. WATERFORD HAS STRONG EVIDENCE OF THE IMPACT OF ITS PROGRAMS ON CHILDREN'S LEARNING OUTCOMES WHEN IMPLEMENTED WITH FIDELITY, AS DEMONSTRATED VIA MULTIPLE ESSA TIER 1 RESEARCH STUDIES USING WATERFORD PROGRAMS. ON AVERAGE, STUDENTS ADVANCE A FULL YEAR OR MORE BEYOND EXPECTED GROWTH, AND THOSE GAINS CONTINUE TO BENEFIT THEM IN THE LONG TERM. 53374083 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 1 0 1 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 1 56 0 406 1 0 1 RO 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 UT NY X WATERFORD INSTITUTE - JORGE FERNANDEZ 8013492200 4246 SOUTH RIVERBOAT ROAD SUITE 150 TAYLORSVILLE UT 84123 DAVID MYERS CEO CHIEF EXECUTIVE OFFICER 40.00 X 590536 0 37125 JODI SOHRT DIRECTOR OF SCHOOL RELATIONS 40.00 X 359008 0 22500 EDWARD HEUSTON EXECUTIVE DIRECTOR 40.00 X 348787 0 24586 SHERI BLACK VICE PRESIDENT OF SCHOOL RELATIONS 40.00 X 345215 0 31210 DANIEL NEWBOLD DIRECTOR OF SCHOOL RELATIONS 40.00 X 275278 0 7200 THOMAS NESS CHIEF FINANCIAL OFFICER 40.00 X 272903 0 36300 CLAUDIA MINER EXECUTIVE DIRECTOR & CO-FOUNDER OF UPSTART 40.00 X 270967 0 24718 CLARK BEAL SVP SCHOOL RELATIONS 40.00 X 252436 0 29250 REBECCA KELLEY CHIEF OF ADVOCACY AND COMMUNITY ENGAGEMENT 40.00 X 236633 0 19546 BRECK NIELSEN DIRECTOR OF SCHOOL RELATIONS 40.00 X 235889 0 4951 LORI PUGH CHIEF PEOPLE OFFICER 40.00 X 217655 0 16872 KATHY LANDON CHIEF OPERATING OFFICER 40.00 X 217401 0 29290 MICHAEL HIGHT CHIEF TECHNOLOGY OFFICER 40.00 X 217008 0 16317 LEAH WALKER EVP, EQUITY AND INCLUSION 40.00 X 216627 0 22866 JENNI TORRES EXECUTIVE VP & CHIEF ACADEMIC OFFICER 40.00 X 191564 0 22500 KIM FISCHER VICE PRESIDENT, MARKETING 40.00 X 190836 0 30250 JAMES LUND EVP, PROGRAM SUCCESS 40.00 X 186056 0 13275 MICHAEL HUDSON VP, IT & SECURITY 40.00 X 175470 0 8992 ERNEST BLACKWELL BOARD CHAIR 2.00 X 0 0 0 ALLISON GUSHEE MOLKENTHIN BOARD MEMBER 5.00 X 0 0 0 JAMES HOLBROOK BOARD MEMBER, SECRETARY, TREASURER 2.00 X X 0 0 0 WAYNE YSAGUIRRE BOARD MEMBER 2.00 X 0 0 0 STEPHANIE MONROE BOARD MEMBER 2.00 X 0 0 0 MATT GRIMES BOARD MEMBER 2.00 X 0 0 0 JACK RYAN BOARD MEMBER 2.00 X 0 0 0 4800269 0 397748 71 1 1 0 EVALUATION AND TRAINING INSTITUTE 100 CORPORATE POINTE SUITE 387 CULVER CITY CA 90230 EVALUATION SERVICES 703475 KNOWLEDGE LEADERS LLC 555 MARKET ST STE 1800 SAN FRANCISCO CA 94105 CONTRACT RECRUITER 205453 TANNER LC 36 STATE ST STE 600 SALT LAKE CITY UT 84111 PROFESSIONAL SERVICES 108831 OFFOR WALKER GROUP LLC 90 STATE ST STE 700 ALBANY NY 12207 CONSULTING SERVICES 100200 4 6494367 6494367 GOVT AGENCY FEES 38136970 38136970 INSTITUTE CONTRACT & OTHER 563 563 38137533 1543571 1543571 OTHER INCOME 21258 21258 21258 46196729 38158791 0 1543571 5214199 4688496 478974 46729 26955719 24238003 2476141 241575 5078302 4566300 466491 45511 2142777 1926739 196835 19203 131875 118579 12114 1182 204223 183633 18760 1830 2035421 2035421 3641387 3139958 456857 44572 1943477 1747533 178527 17417 4977389 4475561 457221 44607 605977 544881 55665 5431 2321906 2087808 213289 20809 228154 205151 20958 2045 637794 573491 58587 5716 144874 130268 13308 1298 CONTRACT SERVICES 1369702 1231607 125820 12275 POSTAGE 480869 432387 44172 4310 BAD DEBT 421644 379133 38732 3779 OTHER 388064 275269 102768 10027 438026 393865 40236 3925 59361779 53374083 5455455 532241 33710918 17982745 892850 891893 26518985 24047796 2263700 990380 2163597 2295115 2238824 885873 1357845 1352951 5551029 5127420 72458924 52688300 6728120 5257901 33908572 33803365 5585409 637377 46222101 39698643 X 21007181 12985060 5229642 4597 26236823 12989657 72458924 52688300 -13165050 -82116 0 X 0 1 X 1 1 1 X 50607260 58044668 58993765 72039325 44653158 284338176 50607260 58044668 58993765 72039325 44653158 284338176 15443447 268894729 93139 35933 34423 1493332 1543571 3200398 287538574 0.93520 0.95420 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 1 0 0 0 1 600000 1 0 0 600000 0 PART II-B, LINE 1: THE WATERFORD INSTITUTE LOBBIES TO INFORM AND EDUCATE LEGISLATORS ON PROGRAMS AND PRACTICES THAT MAY ENHANCE THE EDUCATION OF STUDENTS. 1476728 359508 1117220 762096 526365 235731 1352951 X 46114614 -82116 -82116 46196730 0 46196730 59389070 1923336 1923336 57465734 1896045 1896045 59361779 PART X, LINE 2: MANAGEMENT OF WATERFORD BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR THE INCOME TAX POSITIONS TAKEN AND TO BE TAKEN ON ITS TAX RETURN. A LIABILITY FOR UNCERTAIN TAX POSITIONS INITIALLY NEEDS TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS WHEN IT IS MORE-LIKELY-THAN-NOT THE POSITION WILL NOT BE SUSTAINED UPON EXAMINATION BY TAX AUTHORITIES. PART XII, LINE 2D - OTHER ADJUSTMENTS: PROJECT UPSTART ACTIVITY REPORTED ON SEPARATE RETURN 1,923,336. PART XII, LINE 4B - OTHER ADJUSTMENTS: INTERCOMPANY EXPENSES INCURRED 1,896,045. EUROPE (INCLUDING ICELAND AND GREENLAND) (ROMANIA) 1 48 PROGRAM SERVICES SOFTWARE DEVELOPMENT AND TESTING FOR WATERFORD INSTITUTE, INC. 3532877 1 48 0 0 1 48 3532877 0 3532877 0 0 0 0 1 0 X X X X X 0 0 0 1 0 0 0 0 0 DAVID MYERS CEO CHIEF EXECUTIVE OFFICER 391129 0 199407 0 0 0 30000 0 7125 0 627661 0 0 0 JODI SOHRT DIRECTOR OF SCHOOL RELATIONS 268869 0 90139 0 0 0 22500 0 0 0 381508 0 0 0 EDWARD HEUSTON EXECUTIVE DIRECTOR 348787 0 0 0 0 0 17386 0 7200 0 373373 0 0 0 SHERI BLACK VICE PRESIDENT OF SCHOOL RELATIONS 253054 0 92161 0 0 0 22500 0 8710 0 376425 0 0 0 DANIEL NEWBOLD DIRECTOR OF SCHOOL RELATIONS 206380 0 68898 0 0 0 0 0 7200 0 282478 0 0 0 THOMAS NESS CHIEF FINANCIAL OFFICER 272903 0 0 0 0 0 29000 0 7300 0 309203 0 0 0 CLAUDIA MINER EXECUTIVE DIRECTOR & CO-FOUNDER OF U 270967 0 0 0 0 0 18910 0 5808 0 295685 0 0 0 CLARK BEAL SVP SCHOOL RELATIONS 160274 0 92162 0 0 0 22500 0 6750 0 281686 0 0 0 REBECCA KELLEY CHIEF OF ADVOCACY AND COMMUNITY ENGA 236633 0 0 0 0 0 11796 0 7750 0 256179 0 0 0 BRECK NIELSEN DIRECTOR OF SCHOOL RELATIONS 189418 0 46471 0 0 0 2351 0 2600 0 240840 0 0 0 LORI PUGH CHIEF PEOPLE OFFICER 217655 0 0 0 0 0 13122 0 3750 0 234527 0 0 0 KATHY LANDON CHIEF OPERATING OFFICER 217401 0 0 0 0 0 29290 0 0 0 246691 0 0 0 MICHAEL HIGHT CHIEF TECHNOLOGY OFFICER 217008 0 0 0 0 0 10817 0 5500 0 233325 0 0 0 LEAH WALKER EVP, EQUITY AND INCLUSION 216627 0 0 0 0 0 15118 0 7748 0 239493 0 0 0 JENNI TORRES EXECUTIVE VP & CHIEF ACADEMIC OFFICE 191564 0 0 0 0 0 22500 0 0 0 214064 0 0 0 KIM FISCHER VICE PRESIDENT, MARKETING 190836 0 0 0 0 0 22500 0 7750 0 221086 0 0 0 JAMES LUND EVP, PROGRAM SUCCESS 186056 0 0 0 0 0 9275 0 4000 0 199331 0 0 0 MICHAEL HUDSON VP, IT & SECURITY 175470 0 0 0 0 0 8992 0 0 0 184462 0 0 0 PART I, LINE 5 WATERFORD PROVIDES A VARIABLE COMPENSATION PROGRAM TO CERTAIN EMPLOYEES IN SCHOOL RELATIONS WHICH PROVIDES INCENTIVE COMMISSION PAYMENTS BASED ON SALES MADE TO SCHOOL DISTRICTS. WATERFORD PROVIDES A BONUS TO ALL EMPLOYEES THAT ARE NOT ELIGIBLE FOR A VARIABLE COMPENSATION PROGRAM. THIS BONUS IS PAID IF THE ORGANIZATION MEETS TOTAL ORGANIZATION GOALS. FORM 990, PART VI, SECTION B, LINE 11B THE TAX FIRM ENGAGED BY THE WATERFORD INSTITUTE AND THE WATERFORD INSTITUTE FINANCE TEAM WORK TOGETHER TO GATHER THE INFORMATION NECESSARY TO COMPLETE THE FORM 990. THE TAX FIRM PREPARES AN INITIAL DRAFT FORM 990, WHICH IS REVIEWED BY MANAGEMENT AS WELL AS THE BOARD OF TRUSTEES. ANY RECOMMENDED CHANGES AND COMMENTS ARE CONSIDERED AND THE FORM 990 IS UPDATED WITH A FINAL COPY DISTRIBUTED TO THE BOARD OF TRUSTEES PRIOR TO THE FILING OF THE FORM 990 WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C WE REQUEST BOARD MEMBERS TO DISCLOSE ANY CONFLICTS AT BOARD MEETINGS. FORM 990, PART VI, SECTION B, LINE 15 PERIODICALLY, AN INDEPENDENT COMPENSATION REVIEW TAKES PLACE FOR DAVID ANDREW MYERS AND BENJAMIN HEUSTON. THIS WAS LAST COMPLETED BY SULLIVANCOTTER FOR FISCAL YEAR END 8/31/2020. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE MADE AVAILABLE UPON REQUEST. WATERFORD RESEARCH INSTITUTE LLC 4246 SOUTH RIVERBOAT ROAD TAYLORSVILLE UT 84123 SOFTWARE DEVELOPMENT UT 13432629 54696441 WATERFORD INSTITUTE INC WATERFORD RESEARCH SRL 4246 SOUTH RIVERBOAT ROAD TAYLORSVILLE UT 84123 SOFTWARE DEVELOPMENT RO -247615 1030548 WATERFORD INSTITUTE INC WATERFORD HOLDINGS LLC 4246 SOUTH RIVERBOAT ROAD TAYLORSVILLE UT 84123 HOLDING COMPANY UT WATERFORD INSTITUTE INC PROJECT UPSTART INC 4246 SOUTH RIVERBOAT ROAD TAYLORSVILLE UT 84123 842864795 LOBBYING UT 501(C)(4) LINE 7 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 PROJECT UPSTART INC B 1896045 CASH PROJECT UPSTART INC R 106407 CASH