Waterstone Supporting Organization Trust 1
92% goes to programs $0 to raise $100 Strong reserves Declining revenue
Waterstone Supporting Organization Trust 1 is a 501(c)(3) organization based in Colorado Spgs, Colorado, registered in 2012, with $61,792,016 in FY2024 revenue. CharityIndex grades it A, and it directs about 92% of spending to programs.
10807 New Allegiance Dr Ste 240, Colorado Spgs, CO, 80921 EIN 45-4295864 Since 2012
Revenue (FY2024)
$61.8M
▼ 25.2% vs prior year
Community median: $184K
Expenses (FY2024)
$23.5M
Net assets
$230.6M
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 rating92% 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 Supporting Organization Trust 1: 92% to programs · $0 to raise $100 earns a A+ on this criterion. See the exact thresholds →
B+Financial health25% of the rating118 mo reserves · +62% 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 Supporting Organization Trust 1: 118 mo reserves · +62% margin earns a B+ on this criterion. See the exact thresholds →
BGovernance25% of the rating4 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 Supporting Organization Trust 1: 4 of 6 checks met earns a B 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 Supporting Organization Trust 1: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Support the purposes of christian community foundation dba waterstone.
Contact & location
- Address
- 10807 New Allegiance Dr Ste 240, Colorado Spgs, CO, 80921
- City
- Colorado Spgs
- State
- Colorado
- Subcategory
- Support Foundations & Fundraising
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $8.0M (FY2014) to $61.8M (FY2024) across 6 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $5.0MNet assets $230.6M
Operating margin
62.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$235.6M
Total liabilities
$5.0M
Net assets
$230.6M
Salaries & benefits
$0
0% of expenses
Board members
3
1 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $61,792,016▼25.2% | $23,484,908▼7.2% | $230,550,595▲56.4% | $235,579,666▲56.7% | 990 |
| 2023 | $82,555,170▼32.3% | $25,297,765▼46.8% | $147,384,975▲72.1% | $150,327,642▲74.3% | 990 |
| 2022 | $121,997,589▲57.7% | $47,538,157▲20.3% | $85,625,462▲110% | $86,237,462▲112% | 990 |
| 2021 | $77,364,111▲171% | $39,517,200▲118% | $40,765,931▲11.0% | $40,765,931▲11.0% | 990 |
| 2020 | $28,548,386▲255% | $18,143,532▲3831% | $36,727,249▲270% | $36,727,249▲266% | 990 |
| 2014 | $8,030,891 | $461,605 | $9,930,971 | $10,036,846 | 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 |
|---|---|---|---|
| Chris Start | Trustee | 1 | — |
| Richard Lavinski | Trustee | 1 | — |
| Richard Von Gnechten | Trustee | 1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Christian Community Foundation | Management Services | $979,778 |
Grants received · $61.1M total
12 grants to Waterstone Supporting Organization Trust 1 totaling $61.1M, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Hexagon Foundation | General support | 2024 | $24,743,045 |
| Christian Community Foundation Inc | General support | 2024 | $3,817,662 |
| Christian Community Foundation Inc | General support | 2023 | $13,075,555 |
| Christian Community Foundation Inc | General support | 2022 | $12,119,095 |
| Impact Investing Charitable Foundation Inc | Humanitarian help | 2022 | $650,000 |
| Waterstone Support Foundation Inc | General support | 2022 | $46,448 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2022 | $6,000 |
| Christian Community Foundation Inc | General support | 2021 | $1,332,118 |
| Christian Community Foundation Inc | General support | 2020 | $2,452,995 |
| Christian Community Foundation Inc | General support | 2019 | $192,014 |
| Christian Community Foundation Inc | General support | 2018 | $2,597,355 |
| Christian Community Foundation Inc | General support | 2017 | $50,000 |
Grants made · $21.6M in FY2024
3 grants totaling $21.6M in FY2024. All grants made by Waterstone Supporting Organization Trust 1 →
| Recipient | Purpose | Amount |
|---|---|---|
| Waterstone Support Foundation Inc | General support | $21,625,515 |
| Moriah Foundation | General support | $6,104 |
| Cary Brown Family Foundation | General support | $6,103 |
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Frequently asked questions
- Is Waterstone Supporting Organization Trust 1 a legitimate nonprofit?
- Yes. Waterstone Supporting Organization Trust 1 is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 45-4295864, based in Colorado Spgs, Colorado. Donations are tax-deductible.
- What is Waterstone Supporting Organization Trust 1's EIN?
- Waterstone Supporting Organization Trust 1's Employer Identification Number (EIN) is 45-4295864.
- How much revenue does Waterstone Supporting Organization Trust 1 report?
- Waterstone Supporting Organization Trust 1 reported $61,792,016 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Waterstone Supporting Organization Trust 1's spending goes to programs?
- Waterstone Supporting Organization Trust 1 spends about 92% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Waterstone Supporting Organization Trust 1 have?
- CharityIndex grades Waterstone Supporting Organization Trust 1 A, based on program efficiency and fundraising cost.
- How much does Waterstone Supporting Organization Trust 1's highest-paid employee make?
- The highest reported compensation on Waterstone Supporting Organization Trust 1's latest Form 990 is $0, paid to Chris Start (Trustee).
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Data for Waterstone Supporting Organization Trust 1 (EIN 45-4295864) 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.