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Nonprofit · EIN 74-3020203

HEADWATERS SCHOOL

Tax-exempt · AUSTIN, TX 78701

Financials

$13.2M$12.6M2023$12.4M$12.6M2024
Revenue Expenses · by fiscal year end
Financials of HEADWATERS SCHOOL by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$12,377,832$12,581,529-$203,697$25,222,823$15,560,910$9,661,913
June 30, 2024990$13,172,220$12,554,608$617,612$20,779,124$10,952,965$9,826,159
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$228,915
Program service revenue
$11,855,158
Investment income
$188,059
Net rental income
$79,787
Net income from fundraising events
$25,913
Other revenue
$105,700

Expenses

Grants and similar amounts paid
$977,540
Compensation of officers, directors and key employees
$486,874
Other salaries and wages
$6,914,528
Salaries, compensation and benefits (total)
$8,577,347
Professional fundraising fees
$0
Legal fees
$22,374
Accounting fees
$25,634
Occupancy
$1,126,961
Depreciation
$539,721
Program services (functional)
$9,670,841
Management and general (functional)
$2,420,549
Fundraising (functional)
$490,139

Balance sheet and other

Total assets, start of year
$20,779,124
Total assets, end of year
$25,222,823
Total liabilities, end of year
$15,560,910
Net assets, end of year
$9,661,913
Land, buildings and equipment
$15,512,900
Net assets without donor restrictions
$9,593,619
Net assets with donor restrictions
$68,294
Gross receipts
$12,397,389
Employees
170
Volunteers
100
Year formed
2001
State of legal domicile
TX

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.

NameTitleHours / weekCompensationOther / benefits
TED GRAFHEAD OF SCHOOL
Officer
40$311,590$17,852
ALEXANDRA PENRYSR DIR FOR FINANCE AND ADVANCEMENT
Officer
40$163,700$12,660
AVE LUKE-SIMPSONHIGH SCHOOL DIRECTOR
Highest-paid employee
40$125,732$3,681
TIMOTHY REILLYDIRECTOR
Highest-paid employee
40$119,850$4,794
ELIZABETH DEMARESTSR DIR OF EARLY CHILDHOOD
Highest-paid employee
40$108,131$9,477
TERRA LYNCHMIDDLE SCHOOL DIRECTOR
Highest-paid employee
40$105,484$4,219
JESSICA RIOBOARD MEMBER/TREASURER
Trustee or director, Officer
0.25$0$0
MAGDALENA VIALCHAIR
Trustee or director, Officer
5$0$0
KEITH MARTINVICE CHAIR
Trustee or director, Officer
0.25$0$0
TRACY MANIERBOARD MEMBER
Trustee or director
0.25$0$0
ANAND ANBALAGANTREASURER
Trustee or director, Officer
0.25$0$0
BRIAN SZYMCZAKSECRETARY
Trustee or director, Officer
0.25$0$0
STACEY JORDANBOARD MEMBER (09/05/24 TO 12/13/24)
Trustee or director
0.25$0$0
JEAN YANGBOARD MEMBER
Trustee or director
0.25$0$0
MEGAN MOOREBOARD MEMBER
Trustee or director
0.25$0$0
2 more people on this return
NameTitleHours / weekCompensation
JOHN BERKOWITZBOARD MEMBER
Trustee or director
0.25$0
ED MUZIOBOARD MEMBER
Trustee or director
0.25$0
990 for the year ended June 30, 2024: 12 people
NameTitleHours / weekCompensationOther / benefits
TED GRAFHEAD OF SCHOOL
Officer
40$265,749$14,803
ALEXANDRA PENRYSR DIR FOR FINANCE AND ADVANCEMENT
Officer
40$161,027$10,897
AVE LUKE-SIMPSONHIGH SCHOOL DIRECTOR
Highest-paid employee
40$118,637$3,482
ELIZABETH DEMARESTSR DIR OF EARLY CHILDHOOD
Highest-paid employee
40$102,439$8,381
JESSICA RIOBOARD MEMBER/TREASURER
Trustee or director, Officer
0.25$0$0
MAGDALENA VIALCHAIR
Trustee or director, Officer
5$0$0
KEITH MARTINVICE CHAIR
Trustee or director, Officer
0.25$0$0
TRACY MANIERBOARD MEMBER
Trustee or director
0.25$0$0
ANAND ANBALAGANTREASURER
Trustee or director, Officer
0.25$0$0
BRIAN SZYMCZAKSECRETARY
Trustee or director, Officer
0.25$0$0
JEAN YANGBOARD MEMBER
Trustee or director
0.25$0$0
JOHN BERKOWITZBOARD MEMBER
Trustee or director
0.25$0$0

Address and contacts

Address (IRS master file)
801 RIO GRANDE ST, AUSTIN, TX 78701-2219
In care of
% JENNIFER ALACK
Principal officer (990 for 2024)
MAGDALENA VIAL, 801 RIO GRANDE ST, AUSTIN, TX 78701
Signed the 990
MAGDALENA VIAL, BOARD CHAIR
Phone
(512) 480-8142
Return prepared by
ATCHLEY & ASSOCIATES LLP

Mission

BEGINNING WITH A MONTESSORI FOUNDATION AND PROGRESSING TO THE INTERNATIONAL BACCALAUREATE (IB) DIPLOMA PROGRAMME, HEADWATERS SERVES STUDENTS FROM EARLY CHILDHOOD THROUGH GRADE 12 TO LIVE AUTHENTICALLY, THINK EXPANSIVELY, AND CREATE BRAVELY. WE ARE INSPIRED, ORGANIZED, AND GUIDED BY OUR PURPOSE, PROMISE, AND PACT. THESE IDEAS SERVE AS THE FOUNDATION FOR OUR DAILY WORK.

990 for the year ended June 30, 2025

Program accomplishments

  • EDUCATION FOR EARLY CHILDHOOD THROUGH GRADE 12.
    Expenses $9,670,841 · grants $977,540 · revenue $11,934,945

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 yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
74-3020203
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
2002
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B28)
Assets (IRS master file)
$25,222,823
Income (IRS master file)
$12,397,389

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$12,377,832$12,581,529$25,222,823XML
990June 2024$13,172,220$12,554,608$20,779,124XML
990June 2023$12,900,322$12,660,826$20,589,237IRS
990June 2022$11,289,242$9,702,572$17,418,867IRS
990June 2021–––IRS
990June 2020–––IRS
990June 2019–––IRS
990June 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 74-3020203).

Questions about HEADWATERS SCHOOL

What is the EIN of HEADWATERS SCHOOL?
The employer identification number (EIN) of HEADWATERS SCHOOL is 74-3020203.
Is HEADWATERS SCHOOL tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2002.
Are donations to HEADWATERS SCHOOL tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does HEADWATERS 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 HEADWATERS 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 HEADWATERS 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 HEADWATERS SCHOOL?
The 990 for the year ended June 30, 2025 names MAGDALENA VIAL.
Who are the officers and directors of HEADWATERS SCHOOL?
The 990 for the year ended June 30, 2025 lists 17 people; 6 received compensation from the organization, the highest $311,590 (TED GRAF, HEAD OF SCHOOL).
How much revenue does HEADWATERS SCHOOL have?
On its 990 for the year ended June 30, 2025 it reported revenue of $12,377,832, expenses of $12,581,529 and total assets of $25,222,823 at year end.

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