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Watershed Charlotte

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 364571824 ✦ Charlotte, NC ✦ Designated as a 501(c)(3)

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Overview

What is Watershed Charlotte?

Watershed Charlotte is a nonprofit organization situated at 2101 Shenandoah Ave, Charlotte, NC 28205. Its primary mission is to foster deep thought, reflection, and spiritual connection to God, accomplished through Sunday gatherings featuring live music, interactive worship, and stimulating conversations. The organization also encourages personal encounters with God through small group sessions during the week. Beyond religious activities, Watershed Charlotte extends its support to various communities, offering financial assistance to both local and global entities as part of its charitable work. The organization is staffed by a team of nine dedicated individuals.


Official website here: www.watershedcharlotte.com

What are the reviews and ratings of this charity?

Charity Navigator Rating: 30%

Watershed Charlotte has received a low rating of 30% from Charity Navigator, which translates to a Zero-Star out of Four Star rating. This score highlights significant concerns regarding the organization's accountability and financial practices. Notably, the nonprofit has not established a majority of independent board members, which raises questions about governance and oversight.

The organization has some strengths, such as maintaining a proper independent board size and scoring well on the material diversion of assets. However, critical areas such as financial transparency and conflict of interest policies have not been adequately addressed, resulting in a poor score for financial statements and overall accountability measures.

Furthermore, the organization’s program expense ratio is low at 23.13%, indicating that a smaller portion of its expenditures goes towards its mission-driven programs. This raises concerns about resource allocation and effectiveness in achieving its goals. Overall, while Watershed Charlotte has some structural strengths, its governance and financial practices need significant improvement to enhance its credibility and effectiveness as a nonprofit.


This AI summary has been generated from information found on Charity Navigator.

What do the Facebook reviews say about Watershed Charlotte?

98% of 15 reviewers on Facebook recommend Watershed Charlotte. Here is a summary of their reviews:

The overwhelming sentiment is one of positivity, highlighting the welcoming atmosphere created by the ministers. Many appreciate the open-minded love and care that they experience, suggesting a strong sense of community and support within the organization. Reviewers also mention the variety of fellowship opportunities available, reinforcing the idea that the nonprofit is successful in fostering connections and inclusivity.

Overall, Watershed Charlotte appears to significantly fulfill its mission by providing a caring environment and engaging community activities, leading to a high recommendation rate among its members.


This AI summary has been generated from reviews found on Facebook.

Is Watershed Charlotte legitimate?

Watershed Charlotte is a legitimate nonprofit organization registered as a 501(c)(3) entity. Watershed Charlotte submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $214,401
Professional Fundraising Fees: $0
Other Salaries and Wages: $190,102

For more financial information, click here


Official website here: www.watershedcharlotte.com

What is the mission statement of Watershed Charlotte?

Watershed Charlotte, as an organization, gathers on Sundays for song, teaching, and discussions, as well as in small groups throughout the week. This community is committed to providing financial assistance to both local and global communities. Their worship services on Sundays include live music, interactive worship, and thought-provoking conversations, fostering an environment where individuals can encounter God. This mission of Watershed Charlotte aims to create a place that stimulates deep thought, reflection, and connection to a higher power.


Official website here: www.watershedcharlotte.com

Who is the CEO of Watershed Charlotte?

Matthew Oneil is the Elder of Watershed Charlotte.


Official website here: www.watershedcharlotte.com

What is the revenue of Watershed Charlotte?

Watershed Charlotte's revenue in 2022 was $672,883.


Official website here: www.watershedcharlotte.com

Who are the executives of Watershed Charlotte and what are their salaries?

The average compensation at Watershed Charlotte during 2022 was $44,945. There are 9 employees and 75 volunteers at Watershed Charlotte.


Here are 7 key members and their salaries:


Desmond Smith (Elder)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rich Robles (Elder)
  • Compensation: $0
  • Related: $0
  • Other: $0
Elizabeth Watson (Elder)
  • Compensation: $0
  • Related: $0
  • Other: $0
Shawn Bowers Buxton (Elder)
  • Compensation: $0
  • Related: $0
  • Other: $0
Scott Hoffert (Co-Pastor)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matthew Oneil (Co-Pastor)
  • Compensation: $0
  • Related: $0
  • Other: $0
Samantha Cordialini (Secretarytreasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.watershedcharlotte.com

Where can I find the form 990 for Watershed Charlotte?

Watershed Charlotte's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.watershedcharlotte.com

Learn more at the official website: www.watershedcharlotte.com

Mission Statement of Watershed Charlotte

Watershed Charlotte, a nonprofit organization, fulfills its mission by gathering individuals for worship on Sundays, involving song, teaching, and engaging discussions. This weekly gathering is complemented by small group meetings during the rest of the week. Beyond these religious activities, Watershed Charlotte extends its reach by providing financial aid to both local and global communities.

Worship at Watershed Charlotte is a vital element in furthering its mission of fostering deep thought, reflection, and connection to a higher power. During Sunday gatherings, the atmosphere is vibrant and interactive, with live music, stimulating worship, and thought-provoking conversations that create an environment for individuals to encounter the divine.

In addition to its religious activities, Watershed Charlotte demonstrates its commitment to giving back by offering financial assistance to various communities. By doing so, the organization plays a crucial role in supporting those in need, both locally and globally, thereby enriching and uplifting numerous lives.

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Impact




July, 2024

Watershed Charlotte's impact can be seen in its role as a gathering place for worship and community engagement. Through its Sunday gatherings for song, teaching, and discussion, as well as activities in small groups during the week, Watershed Charlotte fosters deep thought, reflection, and connections to God among its participants. Additionally, the organization provides financial assistance to both local and global communities, furthering its mission of creating a space where people can encounter God and engage in meaningful conversations.




This information is meant to be a general summary of Watershed Charlotte. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$672,883 (2022)
Expenses
$684,901 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $1
  • Gross Receipts: $672,883

Assets and Liabilities:

  • Total Assets: $1,768,082
  • Total Liabilities: $1,030,576
  • Net Assets: $737,506

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Organization Details

Founding Year

2005

Principal Officer

Matthew Oneil

Main Address

2101 SHENANDOAH AVE, Charlotte, NC, 282056021

NTEE Category

Code: X20 - Religion related

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