Overview
What is Waterstone Support Foundation Inc?
Waterstone Support Foundation Inc is a Colorado Springs, Colorado-based nonprofit organization. It operates as a supporting body for Christian Community Foundation (CCF) and National Foundation Inc, furthering their religious, charitable, and educational tax-exempt missions. The foundation raises and distributes funds to organizations under Section 501(c)(3) and administers various charitable and educational projects under its exempt purpose. Waterstone Support Foundation's role is to bolster the charitable initiatives of CCF and National Foundation Inc.
Official website here: www.waterstone.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 91% (Four-Star out of Four Stars)
Waterstone Support Foundation Inc has achieved a strong Four-Star rating from Charity Navigator, reflecting its commendable performance in Accountability and Finance. The overall score is derived solely from the organization’s financial practices, showcasing a commitment to transparency and responsible governance. With an impressive 91% in Accountability and Finance, the foundation demonstrates effective oversight and management of resources.
The organization excels in several key areas, including having a majority of independent board members and robust financial practices. It has received full marks for its audit and oversight committee, conflict of interest policy, and other essential governance policies. Additionally, a high program expense ratio indicates that a significant portion of its funding is directed toward its charitable mission rather than administrative or fundraising costs.
However, while the program expense ratio is outstanding, the fundraising efficiency ratio requires attention, as it is notably low. This suggests that the foundation may have room for improvement in optimizing fundraising efforts. Overall, Waterstone Support Foundation Inc is recognized as a well-managed organization with a strong commitment to its mission and responsible financial practices.
This AI summary has been generated from information found on Charity Navigator.
Is Waterstone Support Foundation Inc legitimate?
Waterstone Support Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Waterstone Support Foundation Inc 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 Support Foundation Inc?
Waterstone Support Foundation Inc is a charitable organization dedicated to furthering the religious, charitable, and educational purposes of Christian Community Foundation (CCF) and National Foundation Inc. The foundation supports these tax-exempt organizations by raising and distributing funds to qualified Section 501(C)(3) organizations and administering various charitable and educational projects. Through its efforts, Waterstone Support Foundation Inc aims to make a significant impact on these causes, working in pursuit of their noble objectives.
Official website here: www.waterstone.org
Who is the CEO of Waterstone Support Foundation Inc?
John C Mulder is the Principal Officer of Waterstone Support Foundation Inc. The CEO's salary of Waterstone Support Foundation Inc is $0 and their total compensation is $374,872.
Official website here: www.waterstone.org
What is the revenue of Waterstone Support Foundation Inc?
Waterstone Support Foundation Inc's revenue in 2022 was $45,122,757.
Official website here: www.waterstone.org
Who are the executives of Waterstone Support Foundation Inc and what are their salaries?
There 4 volunteers at Waterstone Support Foundation Inc.
Here are 8 key members and their salaries (Waterstone Support Foundation Inc's CEO's salary is $0 and their total compensation is $374,872):
- Compensation: $0
- Related: $331,958
- Other: $42,914
- Compensation: $0
- Related: $286,817
- Other: $11,044
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $173,256
- Other: $47,974
- Compensation: $0
- Related: $61,918
- Other: $44,144
Official website here: www.waterstone.org
Where can I find the form 990 for Waterstone Support Foundation Inc?
Waterstone Support Foundation Inc'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 Support Foundation Inc
Waterstone Support Foundation, a supporting organization, plays a crucial role in furthering the religious, charitable, and educational purposes of Christian Community Foundation (CCF) and National Foundation Inc. The Foundation's primary objective is to raise and distribute funds to organizations qualified under section 501(C)(3). By administering and supporting various charitable and educational projects, Waterstone Support Foundation contributes significantly to the pursuit of these exempt purposes.
In essence, Waterstone Support Foundation serves as a vital partner to CCF and National Foundation Inc., aiding in their mission to make a positive impact on communities. The organization's commitment extends beyond fundraising, as it also supports a multitude of charity projects and ministry initiatives. By doing so, Waterstone Foundation contributes to the broader goal of improving lives and addressing the needs of those in need.
Waterstone Support Foundation's activities are rooted in its mission to support the religious, charitable, and educational tax-exempt purposes of CCF and National Foundation Inc. The Foundation's dedication to this mission is evident in its daily operations, as it works tirelessly to distribute funds and provide administrative support to various charitable and educational projects. Through its efforts, Waterstone Support Foundation plays a crucial role in making a difference in the lives of individuals and communities, ultimately contributing to a more compassionate and caring society.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Waterstone Support Foundation Inc plays a significant role in advancing charitable, religious, and educational initiatives that align with the missions of the Christian Community Foundation (CCF) and National Foundation Inc. By raising and distributing funds to various qualifying 501(c)(3) organizations, it supports a wide array of projects that enrich the community and extend a helping hand to those in need.
The foundation's efforts help to sustain and promote diverse charitable and educational endeavors, fostering a culture of philanthropy that empowers individuals and groups. Through its commitment to supporting ministry charity projects, Waterstone enhances the capacity of organizations to fulfill their missions and address pressing societal challenges. Its operations in Colorado Springs serve as a hub for impactful philanthropy, enabling the direct support and furtherance of crucial programs that touch many lives.
This information is meant to be a general summary of Waterstone Support Foundation Inc. 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: $2,200,950
- Program Service Revenue: $17,758,657
- Gross Receipts: $73,179,295
Assets and Liabilities:
- Total Assets: $127,103,327
- Total Liabilities: $70,158,283
- Net Assets: $56,945,044
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ACTUARIAL ADJUSTMENT
Revenue
$12,595,965
PARTNERSHIP DISTRIBUTION INCOME
Revenue
$2,939,686
TRUSTEE FEES
Revenue
$2,223,006
Organization Details
Founding Year
1997
Phone
(719) 447-4620Principal Officer
John C Mulder
Main Address
10807 NEW ALLEGIANCE DRIVE 240, COLORADO SPRINGS, CO, 80921
Website
www.waterstone.orgNTEE Category
Code: T50Z - Philanthropy
If you are a representative of Waterstone Support Foundation Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.