Waterstone Support Foundation Inc
99% goes to programs $0 to raise $100 Strong reserves Declining revenue
Waterstone Support Foundation Inc is a 501(c)(3) organization based in Colorado Spgs, Colorado, registered in 1998, with $27,976,052 in FY2024 revenue. CharityIndex grades it A, and it directs about 99% of spending to programs.
10807 New Allegiance Dr Ste 240, Colorado Spgs, CO, 80921 EIN 84-1430063 Since 1998
Revenue (FY2024)
$28.0M
▼ 59.4% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$22.1M
Net assets
$118.9M
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
A+Program efficiency40% of the rating99% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Waterstone Support Foundation Inc: 99% to programs · $0 to raise $100 earns a A+ on this criterion. See the exact thresholds →
B+Financial health25% of the rating65 mo reserves · +21% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Waterstone Support Foundation Inc: 65 mo reserves · +21% margin earns a B+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Waterstone Support Foundation Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Waterstone Support Foundation Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Supports the charitable & religious purposes of ccf dba waterstone & national foundation inc.
Contact & location
- Address
- 10807 New Allegiance Dr Ste 240, Colorado Spgs, CO, 80921
- City
- Colorado Spgs
- State
- Colorado
- Subcategory
- Philanthropy & Charity Promotion
- Phone
- …
- Website
- …
Financial trends
Revenue declined from $38.6M (FY2013) to $28.0M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $72.5MNet assets $118.9M
Operating margin
21.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$191.4M
Total liabilities
$72.5M
Net assets
$118.9M
Salaries & benefits
$0
0% of expenses
Board members
6
4 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $27,976,052▼59.4% | $22,113,574▼39.8% | $118,863,671▲2.6% | $191,359,297▲4.2% | 990 |
| 2023 | $68,966,412▲234% | $36,745,534▲180% | $115,861,657▲63.7% | $183,651,643▲37.1% | 990 |
| 2022 | $20,653,849▼54.2% | $13,145,403▼69.0% | $70,789,544▲24.3% | $133,909,303▲5.4% | 990 |
| 2021 | $45,122,757▲293% | $42,339,631▲240% | $56,945,044▼1.9% | $127,103,327▲36.9% | 990 |
| 2020 | $11,476,016▲4.4% | $12,436,089▲75.8% | $58,037,862▲8.5% | $92,876,866▲16.0% | 990 |
| 2019 | $10,991,218▼29.3% | $7,073,979▼37.6% | $53,493,383▲36.1% | $80,097,831▲25.7% | 990 |
| 2018 | $15,553,796▲92.2% | $11,335,119▲8.1% | $39,300,630▲7.7% | $63,714,478▼3.7% | 990 |
| 2017 | $8,093,203▲3.5% | $10,490,456▲14.3% | $36,478,385▼5.7% | $66,141,407▼6.4% | 990 |
| 2016 | $7,821,655▼32.6% | $9,181,570▼27.3% | $38,673,441▲10.2% | $70,692,642▲3.8% | 990 |
| 2015 | $11,609,746▼15.5% | $12,623,560▼55.0% | $35,102,173▼6.4% | $68,116,571▼14.0% | 990 |
| 2014 | $13,732,898▼64.4% | $28,054,742▲830% | $37,483,983▼18.9% | $79,239,608▼9.8% | 990 |
| 2013 | $38,582,194 | $3,015,731▼51.2% | $46,226,246▲276% | $87,860,769▲65.4% | 990 |
| 2012 | — | $6,183,722▲14.5% | $12,301,341▼3.8% | $53,127,182▲0.5% | 990 |
| 2011 | — | $5,399,019▼3.3% | $12,782,372▲61.6% | $52,871,253▲11.1% | 990 |
| 2010 | — | $5,584,237 | $7,909,630 | $47,594,418 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Alan Brown | Board Member | 1 | — |
| Chris Start | Treasurer | 13 | — |
| Doug H Kiesewetter Jr | Chairman | 1 | — |
| John Mulder | Board Member | 1 | — |
| Kenneth R Harrison | Chief Executive Officer | 1 | — |
| Kittie W Watson | Board Member | 1 | — |
| Richard A Lavinski | Vp/secretary | 1 | — |
| Richard Von Gnechten | Vice President | 1 | — |
| Ruthann Witkop | Assistant Secretary | 1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Christian Community Foundation Inc | Management Services | $828,485 |
Grants received · $76.3M total
43 grants to Waterstone Support Foundation Inc totaling $76.3M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Waterstone Supporting Organization Trust 1 | General support | 2024 | $21,625,515 |
| Christian Community Foundation Inc | General support | 2024 | $184,234 |
| American Online Giving Foundation Inc | General support | 2024 | $8,000 |
| Christian Community Foundation Inc | General support | 2023 | $15,227,914 |
| Donor Advised Charitable Giving | Public, societal benefit | 2023 | $215,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $25,950 |
| Donor Advised Charitable Giving | Public, societal benefit | 2022 | $370,800 |
| Christian Community Foundation Inc | General support | 2022 | $160,929 |
| Waterstone Supporting Organization Trust 1 | General support | 2022 | $32,745 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2022 | $16,000 |
| Waterstone Support Foundation Inc | General support | 2021 | $22,878,937 |
| Christian Community Foundation Inc | General support | 2021 | $221,071 |
| Donor Advised Charitable Giving | Public, societal benefit | 2021 | $68,250 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $23,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $23,000 |
Grants made · $14.8M in FY2024
13 grants totaling $14.8M in FY2024. All grants made by Waterstone Support Foundation Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Christian Community Foundation Inc | General support | $10,573,629 |
| Rapha Foundation | General support | $3,564,321 |
| Ross Dillon Special Needs Trust | General support | $240,000 |
| Fairview Baptist Church Inc | General support | $174,823 |
| Parents Television Council Inc | General support | $100,000 |
| Men With A Purpose Inc | Ministry support | $40,000 |
| Food Sourcing Group LLC | Ministry support | $20,697 |
| Autumn Life LLC | Ministry support | $18,000 |
| Professional Christian Counseling Services | Ministry support | $16,665 |
| Chaplaincy Consulting LLC | Ministry support | $12,000 |
| Rodriguez Funeral Home | Benevolent support | $10,000 |
| So They Can | General support | $10,000 |
| Agape Restoration Society Inc | General support | $7,601 |
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Frequently asked questions
- Is Waterstone Support Foundation Inc a legitimate nonprofit?
- Yes. Waterstone Support Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 84-1430063, based in Colorado Spgs, Colorado. Donations are tax-deductible.
- What is Waterstone Support Foundation Inc's EIN?
- Waterstone Support Foundation Inc's Employer Identification Number (EIN) is 84-1430063.
- How much revenue does Waterstone Support Foundation Inc report?
- Waterstone Support Foundation Inc reported $27,976,052 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Waterstone Support Foundation Inc's spending goes to programs?
- Waterstone Support Foundation Inc spends about 99% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Waterstone Support Foundation Inc have?
- CharityIndex grades Waterstone Support Foundation Inc A, based on program efficiency and fundraising cost.
- How much does Waterstone Support Foundation Inc's highest-paid employee make?
- The highest reported compensation on Waterstone Support Foundation Inc's latest Form 990 is $0, paid to Alan Brown (Board Member).
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Data for Waterstone Support Foundation Inc (EIN 84-1430063) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.