The Waldorf Educational Association of Nc Inc

Nonprofit profile at a glance

EIN
561379068
IRS 990 coverage
2011–2024
Forms available
Form 990 2024, Form 990-T 2021
Location
Chapel Hill, NC, USA
Phone
9199671858
Rating
83
Verdict
STRONG
Rating confidence
Moderate
Sector
Kindergarten, Preschool, Nursery School, Early Admissions

Official website

Reported finances

Revenue
$7,100,525
Expenses
$6,898,670
Assets
$6,523,279
Liabilities
$1,557,303

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

15 people listed

Executive titles in this filing

  • LUIS LOPEZ NARANJO (PRESIDENT)
  • ENGLISH SALL (VICE PRESIDENT)

Highest reported compensation

  • COLLEEN EVERHARDT-MASSIE (DIRECTOR OF EDUCATION/BOARD): $67,415 total reported compensation
  • BENJAMIN TRUEBLOOD (BOARD MEMBER/FACULTY REP): $63,724 total reported compensation
  • ANDREW HUBBUCH (BOARD MEMBER/FACULTY REP): $48,710 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The emerson waldorf school provides an integrated waldorf curriculum and environment which encourage and promote independent thinking and social responsibility as well as academic and artistic excellence. The unique gifts and contributions of each child are honored through a developmentally appropriate awakening of thinking, feeling, and willing. Further, the emerson waldorf school understands children as beings of body, soul, and spirit, and guides them to develop compassion and reverence for themselves and the world community. The emerson waldorf school does not discriminate on the basis of race, color, creed, or national or ethnic origin in the administration of its education policies, admissions policies, tuition adjustment program, athletic, or other school administered programs.

What it reported doing in 2024

The waldorf educational association of North Carolina, inc., doing business as emerson waldorf school, operates as a school and encourages and sponsors educational activities in North Carolina based on the principles and philosophies given by rudolf steiner. The school provides students a strong foundation in literature, foreign language, history, geography, music, fine and practical arts, mathematics, and science; responds to the needs of the child at each stage of development; and promotes creativity, critical thinking, and a lifelong love of learning. This fiscal year, the school served children in nursery school through high school. Our students meet and exceed the state average sat scores and are routinely accepted into private and public colleges and universities.

Operating model

Revenue model
Earned-program. 94% of the money available for current operations came from fees and other program revenue.
Distribution model
Hybrid. The nonprofit split its reported program spending across 60% for direct work, and 40% for grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 76
  • Transparency & Controls: 94
  • Accountability: 84
  • Sustainability: 44
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 83.6%; rating input score 84
  • Program expense ratio: 87.2%; rating input score 87
  • Fundraising efficiency: $2.38 raised per $1 spent on fundraising; rating input score 6; 6th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 73.3%; rating input score 73; 12th percentile among comparable filings
  • Governance controls: 8 of 8 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 2.8%; rating input score 44; 44th percentile among comparable filings
  • Total-asset coverage ratio: 0.95; rating input score 35; 35th percentile among comparable filings
  • Liabilities to assets ratio: 0.24; rating input score 40; 40th percentile among comparable filings
  • Officer compensation ratio: 3.3%; rating input score 67; 67th percentile among comparable filings

Growth

  • Program expense growth: 9.1% per year; rating input score 100; 61st percentile among comparable filings
  • Revenue growth: 8.2% per year; rating input score 100; 61st percentile among comparable filings
  • Asset growth: 6.8% per year; rating input score 100; 44th percentile among comparable filings

Details

  • Where the money goes: 83.6% of revenue deployed · 87.2% of spending went to programs
  • Governance: 11 of 15 board members independent · 8 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $6M in reported program spending
  • Leadership: top reported pay $67K · 15 people listed
  • Consistency: 35 of 35 current checks pass
  • Schedules: 7 filed schedules · includes major donors and grants
  • Filing history: 9 filing years from 2011 to 2024
  • Contacts: How to reach this organization
  • Money network: 4 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Fundraising efficiency scored 6/100.
  • Moderate — Sustainability: Operating margin scored 44/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 35/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 40/100.