EIN 45-4295864

Waterstone Supporting Organization Trust 1

Name: Waterstone Supporting Organization Trust 1 financials for 2023
Creator: Cause IQ
License: https://creativecommons.org/licenses/by-nc-nd/4.0/

IRS 501(c) type

501(c)(3)

Num. employees

City

Colorado Springs

State

Colorado

Year formed

2012

Most recent tax filings

2023-12-01

NTEE code, primary

S11: Community Improvement and Capacity Building Single Organization Support

Description

Waterstone Supporting Organization Trust 1 supports the purposes of Christian Community Foundation dba Waterstone and other public charities by receiving and managing charitable contributions to further those ministries.

Related structure

Waterstone Supporting Organization Trust 1 is a subordinate organization under WaterStone.

Total revenues

$82,555,170

2023

Total expenses

$25,297,765

2023

Total assets

$150,327,642

2023

Num. employees

2023

Program areas at Waterstone Supporting Organization Trust 1

The Trust is organized and operated to support christian community foundation dba Waterstone and other public charities whose work furthers Waterstone's purposes by receiving and managing charitable contributions to support those ministries.

Grants made by Waterstone Supporting Organization Trust 1

Grantee	Grant description	Grant year	Amount
WaterStone	General Support	2023-12	$21,585,926
Hexagon Foundation	General Support	2023-12	$500,000

Who funds Waterstone Supporting Organization Trust 1

Grants from foundations and other nonprofits

Grantmaker	Grantmaker tax period	Description	Amount
WaterStone	2023-03	General Support	$12,119,095
Impact Foundation / Impact Investing Charitable Foundation Inc	2022-12	Humanitarian Help	$650,000
Waterstone Support Foundation	2023-03	General Support	$46,448
...and 2 more grants received

Personnel at Waterstone Supporting Organization Trust 1

Name	Title	Compensation	Date of data
Ken Harrison	Chief Executive Officer		2023-05-30
Rick von Gnechten	Chief Operating Officer and Chief Gift Strategist		2023-05-30
Chris Start	Trustee	$0	2023-10-12
Gina Shelley	Director of Human Resources and Executive Assistant To Chief Executive Officer		2023-05-30
Gayle Perkins	Giving Strategies Manager		2023-05-30

Financials for Waterstone Supporting Organization Trust 1

Revenues	FYE 12/2023	FYE 12/2022	% Change
Total grants, contributions, etc.	$63,410,857	$88,379,734	-28.3%
Program services	$0	$0	-
Investment income and dividends	$-962,371	$3,088,788	-131.2%
Tax-exempt bond proceeds	$0	$0	-
Royalty revenue	$1,515,159	$1,426,379	6.2%
Net rental income	$4,050	$0	999%
Net gain from sale of non-inventory assets	$18,587,475	$29,102,688	-36.1%
Net income from fundraising events	$0	$0	-
Net income from gaming activities	$0	$0	-
Net income from sales of inventory	$0	$0	-
Miscellaneous revenues	$0	$0	-
Total revenues	$82,555,170	$121,997,589	-32.3%

Form 990s for Waterstone Supporting Organization Trust 1

Fiscal year ending	Date received by IRS	Form	PDF link
2023-12	2024-10-24	990	View PDF
2022-12	2023-10-12	990	View PDF
2021-12	2022-11-04	990	View PDF
2020-12	2021-11-12	990	View PDF
2019-12	2021-12-03	990O	View PDF
...and 6 more Form 990s

Organizations like Waterstone Supporting Organization Trust 1

Organization	Type	Location	Revenue
Cicp Foundation	501(c)(3)	Indianapolis, IN	$34,388,088
National Christian Foundation (NCF)	501(c)(3)	Alpharetta, GA	$41,670,149
Concordia Lutheran Ministriesfoundation	501(c)(3)	Cabot, PA	$23,077,865
Waterstone Support Foundation	501(c)(3)	Colorado Springs, CO	$20,653,849
Holy Name Medical Center Foundation	501(c)(3)	Teaneck, NJ	$23,813,959
American Bar Association Fund for Justice and Education	501(c)(3)	Chicago, IL	$124,607,300
Illuminations	501(c)(3)	Alpharetta, GA	$46,309,117
The Foundation of The Catholic Diocese of Columbus	501(c)(3)	Columbus, OH	$28,160,540
Ccf-La Supporting Organization	501(c)(3)	Los Angeles, CA	$99,423,088
Buckner Foundation	501(c)(3)	Dallas, TX	$48,397,913

Data update history

December 3, 2023

Posted financials

Added Form 990 for fiscal year 2022

December 2, 2023

Updated personnel

Identified 1 new personnel

November 26, 2023

Received grants

Identified 2 new grant, including a grant for $28,500 from Moriah Foundation

July 14, 2023

Posted financials

Added Form 990 for fiscal year 2021

June 21, 2023

Posted financials

Added Form 990 for fiscal year 2020

Nonprofit Types

Grantmaking organizationsBusiness and community development organizationsChapter / child organizationsCharities

Issues

No issues found

Characteristics

Funds one specific organizationChristianReligiousTax deductible donationsNo full-time employeesAccepts 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

IRS details

EIN: 45-4295864
Fiscal year end: December
Taxreturn type: Form 990
Year formed: 2012
Eligible to receive tax-deductible contributions (Pub 78): Yes

Categorization

NTEE code, primary: S11: Community Improvement and Capacity Building Single Organization Support
NAICS code, primary: 813211: Grantmaking Foundations
Parent/child status: Subordinate organization

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Waterstone Supporting Organization Trust 1

Program areas at Waterstone Supporting Organization Trust 1

Grants made by Waterstone Supporting Organization Trust 1

Who funds Waterstone Supporting Organization Trust 1

Personnel at Waterstone Supporting Organization Trust 1

Financials for Waterstone Supporting Organization Trust 1

Form 990s for Waterstone Supporting Organization Trust 1

Organizations like Waterstone Supporting Organization Trust 1

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