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EIN 81-4320609

Watermark Auto Group Foundation

IRS 501(c) type
501(c)(3)
Num. employees
Unknown
City
Wilmington
State
Delaware
Year formed
2017
Most recent tax filings
2022-12-01
NTEE code, primary
T20: Private Foundations
Description
The Watermark Auto Group Foundation is a private foundation based in Wilmington, DE that primarily funds charitable events and projects such as trophy cases fund, purchasing a new Toyota truck/rig for well-digging purposes, the learning resource center project outdoor study area plant. Its purpose is to support economic development and revitalization of communities through ethos, a small bus incubator & community development center. The foundation made seven grants last year to grantees including Marion Medical Mission and others.
Total revenues
$1,161,610
2022
Total expenses
$177,031
2022
Total assets
$2,203,835
2022
Num. employees
n/a

Program areas at Watermark Auto Group Foundation

Ethos is a small bus incubator &community development center set up to provide economic development & revitalization of economically depressed & blighted marion bus area
Podcast - small town big business highlights bus development in furtherance of public interest small-town mid-america by capturing diverse perspectives on entrepreneurial startups
Ethos (entrepreneurial and technical opportunities) is a small business incubator and community development center set up to provide economic development and revitalization of the economically depressed and blighted marion business area in furtherance of the greater public interest of revitalizing the area and in order to lessen the burdens of government.

Grants made by Watermark Auto Group Foundation

GranteeGrant descriptionAmount
Artstarts CompanyCharitable Event$6,000
Rend Lake College FoundationThe Learning Resource Center Project Outdoor Study$6,000
Marion Rotary Club Scholarship FoudationGeneral & Unrestricted$5,000
...and 4 more grants made

Personnel at Watermark Auto Group Foundation

NameTitleCompensation
Michael AbsherPresident$0

Financials for Watermark Auto Group Foundation

RevenuesFYE 12/2022
Total grants, contributions, etc.$1,109,035
Investment income and dividends$1,174
Net rental income$12,884
Net gain from sale of non-inventory assets$0
Gross sales of inventory$0
Miscellaneous revenues$21,401
Total revenues$1,161,610

Form 990s for Watermark Auto Group Foundation

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-12990PFView PDF
2021-122022-11-15990PFView PDF
2020-122021-11-09990PFView PDF
2019-122021-06-09990PFView PDF
2018-122019-06-19990PFView PDF
...and 2 more Form 990s
Data update history
January 3, 2024
Posted financials
Added Form 990PF for fiscal year 2022
November 25, 2023
Posted financials
Added Form 990PF for fiscal year 2021
July 6, 2023
Updated personnel
Identified 1 new personnel
June 28, 2023
Posted financials
Added Form 990PF for fiscal year 2020
June 4, 2023
Updated personnel
Identified 1 new personnel
Nonprofit Types
Grantmaking organizationsPrivate foundationsPrivate non-operating foundationsCharities
Issues
No issues found
Characteristics
MembershipsProvides grantsPartially liquidatedTax deductible donationsNo full-time employees
General information
Address
Foundation Source 501 Silverside Rd
Wilmington, DE 19809
Metro area
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
County
New Castle County, DE
Phone
(800) 839-1754
IRS details
EIN
81-4320609
Fiscal year end
December
Taxreturn type
Form 990-PF
Year formed
2017
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T20: Private Foundations
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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