EIN 75-1750059

WaterStone

IRS 501(c) type
501(c)(3)
Num. employees
24
Year formed
1980
Most recent tax filings
2023-03-01
NTEE code, primary
Description
To provide education, innovation and comprehensive giving strategies to our clients as they seek to turn their assets into genuine change for a hurting world.
Also known as...
Christian Community Foundation
Total revenues
$232,951,454
2023
Total expenses
$163,944,873
2023
Total assets
$545,944,923
2023
Num. employees
24
2023

Program areas at WaterStone

We provide creative gifting solutions to donors, encouraging them in a broad range of charitable and educational endeavors as well as direct Christian ministries. We offer a variety of gift-planning solutions, including donor advised funds, field-of-interest funds, ministry charity projects, charitable trusts, charitable gift annuities, and supporting organizations, each structured to meet the specific donor's needs and charitable vision. Distributions recommended by donors and approved by the Waterstone board of directors go to thousands of domestic and foreign nonprofit organizations.

Grants made by WaterStone

GranteeGrant descriptionAmount
Waterstone Supporting Organization Trust 1General Support$12,119,095
WaterStone Real Estate FoundationGeneral Support$11,167,115
Hexagon FoundationGeneral Support$7,500,000
...and 936 more grants made totalling $137,541,649

Who funds WaterStone

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Waterstone Supporting Organization Trust 1General Support$42,311,161
The Hoppe FoundationFunding for Redistribution To Charitable Organizations$11,581,866
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$6,242,632
...and 24 more grants received totalling $93,182,701

Personnel at WaterStone

NameTitleCompensation
Ken R. HarrisonChief Executive Officer
Rick von GnechtenChief Operating Officer and Chief Gift Strategist
Chris StartChief Financial Officer$213,808
Terry CargillVice President of Generosity$104,606
Gina ShelleyDirector of Human Resources and Executive Assistant To Chief Executive Officer
...and 10 more key personnel

Financials for WaterStone

RevenuesFYE 03/2023
Total grants, contributions, etc.$220,026,634
Program services$-308,524
Investment income and dividends$14,317,879
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$18,180
Net gain from sale of non-inventory assets$-1,102,715
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$232,951,454

Form 990s for WaterStone

Fiscal year endingDate received by IRSFormPDF link
2022-032022-12-12990View PDF
2021-032021-12-21990View PDF
2020-032021-04-05990View PDF
2019-032020-10-21990View PDF
2018-032019-03-15990View PDF
...and 12 more Form 990s
Data update history
December 31, 2023
Received grants
Identified 9 new grant, including a grant for $5,128,729 from Bradley Impact Fund
December 24, 2023
Received grants
Identified 15 new grant, including a grant for $42,311,161 from Waterstone Supporting Organization Trust 1
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2022
July 6, 2023
Updated personnel
Identified 1 new personnel
May 21, 2023
Used new vendors
Identified 1 new vendor, including
Nonprofit Types
Grantmaking organizationsCommunity foundationsCharities
Issues
Community improvement
Characteristics
Operates donor advised fundsProvides grantsOperates internationallyNational levelProvides scholarshipsTax deductible donations
General information
Address
10807 New Allegiance Dr 240
Colorado Springs, CO 80921
Metro area
Colorado Springs, CO
County
El Paso County, CO
Website URL
waterstone.org/ 
Phone
(719) 447-4620
Facebook page
waterstoneorg 
Twitter profile
@waterstoneorg 
IRS details
EIN
75-1750059
Fiscal year end
March
Taxreturn type
Form 990
Year formed
1980
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T31: Community Foundations
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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