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EIN 75-1750059

WaterStone

IRS 501(c) type
501(c)(3)
Num. employees
20
City
Colorado Springs
State
Colorado
Year formed
1980
Most recent tax filings
2024-03-01
NTEE code, primary
T31: Community Foundations
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
$263,240,053
2024
Total expenses
$232,399,350
2024
Total assets
$616,655,526
2024
Num. employees
20
2024

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
Hexagon FoundationGeneral Support$43,228,028
Waterstone Support FoundationGeneral Support$15,227,914
Waterstone Supporting Organization Trust 1General Support$13,075,555
...and 952 more grants made totalling $196,515,908

Who funds WaterStone

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Waterstone Supporting Organization Trust 1General Support$21,585,926
Waterstone Support FoundationGeneral Support$16,465,868
National Christian Foundation / Natl Christian Charitable FDN IncSupport$4,343,822
...and 29 more grants received totalling $60,369,346

Personnel at WaterStone

NameTitleCompensation
Ken HarrisonChief Executive Officer
Rick von GnechtenChief Operating Officer
Chris StartChief Financial Officer$234,558
Gina ShelleyDirector of Human Resources and Executive Assistant To Chief Executive Officer
Gayle PerkinsGiving Strategies Manager
...and 5 more key personnel

Financials for WaterStone

RevenuesFYE 03/2024
Total grants, contributions, etc.$232,725,892
Program services$7,604,721
Investment income and dividends$16,393,270
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$18,180
Net gain from sale of non-inventory assets$6,497,990
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$263,240,053

Form 990s for WaterStone

Fiscal year endingDate received by IRSFormPDF link
2024-032025-01-16990View PDF
2023-032024-01-29990View PDF
2022-032022-12-12990View PDF
2021-032021-12-21990View PDF
2020-032021-04-05990View PDF
...and 14 more Form 990s
Data update history
March 2, 2025
Updated personnel
Identified 1 new personnel
January 5, 2025
Received grants
Identified 13 new grant, including a grant for $21,585,926 from Waterstone Supporting Organization Trust 1
June 1, 2024
Posted financials
Added Form 990 for fiscal year 2023
May 21, 2024
Updated personnel
Identified 2 new personnel
May 19, 2024
Used new vendors
Identified 2 new vendors, including , and
Nonprofit Types
Grantmaking organizationsCommunity foundationsHeadquarter / parent organizationsCharitiesDonor Advised Funds (DAFs)
Issues
Community improvement
Characteristics
Operates donor advised fundsProvides grantsOperates internationallyNational levelProvides scholarshipsTax deductible donationsAccepts online 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
Central organization
California AB-488 details
AB 488 status
May Operate or Solicit for Charitable Purposes
Charity Registration status
Current
FTB status revoked
Not revoked
AG Registration Number
110216
FTB Entity ID
1971920
AB 488 data last updated ("as-of") date
2025-03-19
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