Overview
What is Waterstone Supporting Organization Trust 1?
Waterstone Supporting Organization Trust 1 is a charitable entity based in Colorado Springs, Colorado, with an address at 10807 New Allegiance Drive 240. Its primary mission is to support Christian Community Foundation, doing business as Waterstone, and other public charities. By receiving and managing donations, this trust works towards furthering the objectives of Waterstone and the charities it assists.
Official website here: www.waterstone.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 91%, Four-Star out of Four Star rating.
Waterstone Supporting Organization Trust 1 has achieved a commendable Four-Star rating from Charity Navigator, indicating strong accountability and financial health. With a perfect score in multiple categories, including financial statements and conflict of interest policies, the organization demonstrates a commitment to transparency and responsible management of resources.
The nonprofit excels in its program expense ratio, allocating nearly all of its funds directly to programs, which reflects a focused mission and effective use of donations. Additionally, the organization maintains a low liabilities-to-assets ratio, suggesting a strong financial position and minimal debt, which contributes to its sustainability.
While the organization shows significant strengths in accountability, there are no noted weaknesses or limitations based on the data reviewed. Overall, Waterstone Supporting Organization Trust 1 is positioned as a trustworthy and effective nonprofit, making efficient use of resources to support its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Waterstone Supporting Organization Trust 1 legitimate?
Waterstone Supporting Organization Trust 1 is a legitimate nonprofit organization registered as a 501(c)(3) entity. Waterstone Supporting Organization Trust 1 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.waterstone.org
What is the mission statement of Waterstone Supporting Organization Trust 1?
Waterstone Supporting Organization Trust 1 is established to support the Christian Community Foundation, Inc., also known as Waterstone. Its mission is to assist Waterstone in achieving its charitable objectives by managing and receiving donations on its behalf. This trust operates with the primary goal of furthering the purposes of Waterstone by collaborating with other public charities. By doing so, it amplifies the impact of the donations received and contributes to the fulfillment of the charitable initiatives that Waterstone undertakes.
Official website here: www.waterstone.org
Who is the CEO of Waterstone Supporting Organization Trust 1?
Richard Von Gnechten is the Trustee of Waterstone Supporting Organization Trust 1.
Official website here: www.waterstone.org
What is the revenue of Waterstone Supporting Organization Trust 1?
Waterstone Supporting Organization Trust 1's revenue in 2022 was $121,997,589.
Official website here: www.waterstone.org
Who are the executives of Waterstone Supporting Organization Trust 1 and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $244,865
- Other: $34,667
- Compensation: $0
- Related: $213,808
- Other: $45,241
Official website here: www.waterstone.org
Where can I find the form 990 for Waterstone Supporting Organization Trust 1?
Waterstone Supporting Organization Trust 1's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.waterstone.org
Learn more at the official website: www.waterstone.org
Mission Statement of Waterstone Supporting Organization Trust 1
Waterstone Supporting Organization Trust 1 is a charitable trust organized to support the Christian Community Foundation, Inc. dba Waterstone, and other public charities that align with its purposes. In simpler terms, the Trust functions as a conduit for managing and distributing donations to further the causes championed by Waterstone. The Trust's mission is rooted in its dedication to Christian Community Foundation and similar organizations, enabling them to carry out their respective missions effectively.
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Impact
October, 2024
Waterstone Supporting Organization Trust 1 plays a significant role in enhancing the impact of the Christian Community Foundation, also known as Waterstone, by receiving and managing charitable contributions. This support facilitates the work of various public charities aligned with Waterstone's mission, which focuses on community improvement and the advancement of Christian values. Through its financial stewardship, the Trust enables these ministries to thrive, ultimately fostering greater community engagement and support for initiatives that align with its core purposes. Its efforts contribute to a broader network of charitable activities, empowering organizations to make a meaningful difference in the lives of individuals and communities.
This information is meant to be a general summary of Waterstone Supporting Organization Trust 1. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $32,191,476
- Gross Receipts: $122,015,029
Assets and Liabilities:
- Total Assets: $86,237,462
- Total Liabilities: $612,000
- Net Assets: $85,625,462
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Organization Details
Founding Year
2012
Phone
(719) 447-4620Principal Officer
Richard Von Gnechten
Main Address
10807 NEW ALLEGIANCE DRIVE 240, COLORADO SPRINGS, CO, 80921
Website
www.waterstone.orgNTEE Category
Code: S11 - Community improvement
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