Nonprofit · EIN 47-0858757
WATERSHED HIGH SCHOOL
Tax-exempt · MINNEAPOLIS, MN 55416
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $944,495 | $1,027,503 | -$83,008 | $825,454 | $803,778 | $21,676 |
| June 30, 2024 | 990 | $1,260,022 | $969,670 | $290,352 | $990,373 | $885,689 | $104,684 |
| June 30, 2023 | 990 | $1,009,896 | $978,378 | $31,518 | $479,524 | $665,192 | -$185,668 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $930,589
- of which government grants
- $917,056
- Program service revenue
- $109
- Investment income
- $7,890
- Other revenue
- $5,907
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $154,070
- Other salaries and wages
- $318,007
- Salaries, compensation and benefits (total)
- $555,833
- Professional fundraising fees
- $0
- Legal fees
- $2,082
- Accounting fees
- $67,949
- Occupancy
- $135,867
- Travel
- $20,961
- Program services (functional)
- $730,333
- Management and general (functional)
- $297,170
Balance sheet and other
- Total assets, start of year
- $990,373
- Total assets, end of year
- $825,454
- Total liabilities, end of year
- $803,778
- Net assets, end of year
- $21,676
- Land, buildings and equipment
- $234,124
- Gross receipts
- $944,495
- Employees
- 16
- Volunteers
- 3
- Year formed
- 2002
- State of legal domicile
- MN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Elizabeth Kneip | Executive Director Officer | 45 | $62,943 | $13,677 |
| Hayley Grey | Member/Teacher (end 3.9.25) Trustee or director | 42 | $47,164 | $4,392 |
| Ryan Cooper | Member and Teacher Trustee or director | 42 | $39,241 | $8,303 |
| Andrew Schmidt | Member/Teacher (beg 3.21.25) Trustee or director | 2 | $14,273 | $0 |
| Carissa Anderson | Board Chair Trustee or director, Officer | 2 | $0 | $0 |
| Tim Nelson | Secretary Trustee or director, Officer | 2 | $0 | $0 |
| Patrick McLaughlin | Member Trustee or director | 2 | $0 | $0 |
| Melissa Scott | Member (beg 3.8.25) Trustee or director | 2 | $0 | $0 |
990 for the year ended June 30, 2024: 6 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Elizabeth Kneip | Executive Director Officer | 45 | $47,481 | $7,037 |
| Ryan Cooper | Member and Teacher Trustee or director | 42 | $42,510 | $7,543 |
| Hayley Grey | Member and Teacher Trustee or director | 42 | $45,969 | $3,753 |
| Carissa Anderson | Board Chair Trustee or director, Officer | 2 | $0 | $0 |
| Tim Nelson | Secretary Trustee or director, Officer | 2 | $0 | $0 |
| Patrick McLaughlin | Member Trustee or director | 2 | $0 | $0 |
990 for the year ended June 30, 2023: 5 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Hayley Grey | Member and Teacher Trustee or director | 42 | $43,000 | $4,204 |
| Nicholas Lange | Treasurer and Teacher Trustee or director, Officer | 42 | $42,950 | $4,199 |
| Joy Roellinger | Board Chair Trustee or director, Officer | 2 | $0 | $0 |
| Carissa Anderson | Secretary Trustee or director, Officer | 2.5 | $0 | $0 |
| Jason Kinsley | Member Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 5353 GAMBLE DR STE 320, MINNEAPOLIS, MN 55416-1545
- In care of
- % PAUL M KINSLEY
- Principal officer (990 for 2024)
- Patrick McLaughlin, 6541 16th Ave S, Richfield, MN 55423
- Signed the 990
- Carissa Anderson, Board Chair
- Phone
- (612) 871-4363
- Website
- www.watershedhs.org
- Return prepared by
- Abdo LLP
Mission
The mission of Watershed High School is to empower students to grow socially and academically in a safe, flexible, supportive arts-infused environment.
Program accomplishments
- 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. At Watershed, a community of allies recognizes and encourages each individual student's strengths.Expenses $730,333 · revenue $6,016
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 47-0858757
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2004
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B29)
- Assets (IRS master file)
- $825,454
- Income (IRS master file)
- $944,495
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $944,495 | $1,027,503 | $825,454 | XML |
| 990 | June 2024 | $1,260,022 | $969,670 | $990,373 | XML |
| 990 | June 2023 | $1,009,896 | $978,378 | $479,524 | XML |
| 990 | June 2022 | $966,707 | $812,056 | $720,999 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 47-0858757).
Questions about WATERSHED HIGH SCHOOL
- What is the EIN of WATERSHED HIGH SCHOOL?
- The employer identification number (EIN) of WATERSHED HIGH SCHOOL is 47-0858757.
- Is WATERSHED HIGH SCHOOL tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2004.
- Are donations to WATERSHED HIGH SCHOOL tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does WATERSHED HIGH SCHOOL file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of WATERSHED HIGH SCHOOL due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did WATERSHED HIGH SCHOOL last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of WATERSHED HIGH SCHOOL?
- The 990 for the year ended June 30, 2025 names Patrick McLaughlin.
- Who are the officers and directors of WATERSHED HIGH SCHOOL?
- The 990 for the year ended June 30, 2025 lists 8 people; 4 received compensation from the organization, the highest $62,943 (Elizabeth Kneip, Executive Director).
- How much revenue does WATERSHED HIGH SCHOOL have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $944,495, expenses of $1,027,503 and total assets of $825,454 at year end.
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