The Waverly School
The Waverly School reported $12.3 million in revenue and $12.9 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $90.89 went to program services, $6.63 to management and general costs and $2.48 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 91.9% of the total. The highest compensation it reported for one person was $332,223 (HEAD OF SCHOOL). 9 people received more than $100,000 in reportable compensation. Revenue rose 31% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $13MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $12MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 90.9% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 6.6% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 2.5% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.43 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 6.0% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 91.9% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $332,223 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 2.58% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 9 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 5.3 | 13.3 |
| Independent voting board members Part VI 1a–1b | 13 of 18 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseThe Waverly School is a non-profit, educational institution, serving children from preschool through twelfth grade. The current whole school enrollment is 320 students. Families who chose the Waverly School come from diverse backgrounds in terms of their ethnicity, culture, socioeconomic status, profession and educational attainment level
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| HEAD OF SCHOOL Officer, 50.00 hrs/week | $305,416 | $0 | $26,807 | $332,223 |
| HEAD OF ELEMENTARY SCHOOL Highest compensated employee, 40.00 hrs/week | $151,393 | $0 | $64,313 | $215,706 |
| DIRECTOR OF FINANCE AND OPERATIONS Officer, 40.00 hrs/week | $157,826 | $0 | $21,898 | $179,724 |
| HEAD OF MIDDLE SCHOOL Highest compensated employee, 40.00 hrs/week | $171,600 | $0 | $1,571 | $173,171 |
| DIRECTOR OF STUDENT LIFE Highest compensated employee, 40.00 hrs/week | $152,235 | $0 | $12,670 | $164,905 |
| FACULTY AND AFTER SCHOOL DIRECTOR Highest compensated employee, 40.00 hrs/week | $123,120 | $0 | $12,950 | $136,070 |
| FACULTY Highest compensated employee, 40.00 hrs/week | $114,361 | $0 | $19,599 | $133,960 |
9 people received more than $100,000 in reportable compensation from The Waverly School (Part VII, line 2). Compensation of current officers, directors and key employees totaled $540K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b18 · 13 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 5106
- Volunteers Part I, line 620
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| HINES BUILDING MAINTENANCE Building maintenance services | $256,049 |
| SAMMY'S JANITORIAL CLEANING SERVICE Janitorial services | $210,429 |
Individuals listed as contractors are left out. 2 contractors were paid more than $100,000 in all.
Private foundation grants it received
2 private foundations reported grants to The Waverly School totaling $10,269 on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from The Waverly School's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for The Waverly School, you can publish a response that is linked from this page.
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Of every $100 The Waverly School spent in FY2025, $90.89 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Yinghua AcademyMinneapolis, MN · revenue $12M · programs 89.7% · FY2025
- New Horizons Community Charter SchoolNewark, NJ · revenue $12M · programs 80.7% · FY2025
- Freedom Classical AcademyNorth Las Vegas, NV · revenue $12M · programs 72.7% · FY2025
- Cincinnati Christian SchoolsFairfield Township, OH · revenue $12M · programs 66.9% · FY2025
- Brite Divinity SchoolFort Worth, TX · revenue $12M · programs 73.7% · FY2025
Questions people ask
How much of The Waverly School's spending goes to programs?
In the fiscal year ending June 30, 2025, The Waverly School reported that 90.9% of its $12.9 million in expenses went to program services, 6.6% to management and general and 2.5% to fundraising (Form 990, Part IX).
How much does The Waverly School pay its top executive?
The largest total compensation The Waverly School reported for one person in the fiscal year ending June 30, 2025 was $332,223, for the role of HEAD OF SCHOOL (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does The Waverly School get its money?
Of $12.3 million in revenue in the fiscal year ending June 30, 2025, 6.0% came from contributions and grants and 91.9% from program service revenue (Form 990, Part VIII).
Is The Waverly School a registered charity?
The IRS lists EIN 95-4869859 as a 501(c)(3) organization (school), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202611339349305886 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202512549349300746 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202411369349303331 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202312719349300226 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202231329349307498 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202111339349304576 · read the filing
All filings for EIN 95-4869859: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.