Watermark Auto Group Foundation
- Assets
- $2.2m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 07/2017
- Data as of
- 12/2022
- EIN
- 81-4320609
Organization Overview
Watermark Auto Group Foundation is located in Wilmington, DE. The organization was established in 2017. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Watermark Auto Group Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Watermark Auto Group Foundation generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 29.1% each year . All expenses for the organization totaled $177.0k during the year ending 12/2022. While expenses have increased by 13.3% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Watermark Auto Group Foundation has awarded 111 individual grants totaling $640,284. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
ETHOS IS A SMALL BUS INCUBATOR &COMMUNITY DEVELOPMENT CENTER SET UP TO PROVIDE ECONOMIC DEVELOPMENT & REVITALIZATION OF ECONOMICALLY DEPRESSED & BLIGHTED MARION BUS AREA
PODCAST - SMALL TOWN BIG BUSINESS HIGHLIGHTS BUS DEVELOPMENT IN FURTHERANCE OF PUBLIC INTEREST SMALL-TOWN MID-AMERICA BY CAPTURING DIVERSE PERSPECTIVES ON ENTREPRENEURIAL STARTUPS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cheryl D Absher Dir | 1 | $0 | |
Michael W Absher Dir, Pres, Sec, Treas | 1 | $0 | |
David J Griffin Dir | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,109,035 |
| Interest on Savings | $1,174 |
| Dividends & Interest | $0 |
| Net Rental Income | $12,884 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $21,401 |
| Total Revenue | $1,161,610 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $16,745 |
| Depreciation | $19,838 |
| Occupancy | $3,177 |
| Travel, conferences, and meetings | $2,192 |
| Printing and publications | $0 |
| Other expenses | $93,769 |
| Total operating and administrative expenses | $151,531 |
| Contributions, gifts, grants paid | $25,500 |
| Total expenses and disbursements | $177,031 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,414,884 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $157,790 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $631,161 |
| Other assets | $0 |
| Total assets | $2,203,835 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Watermark Auto Group Foundation has awarded $25,500 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
ARTSTARTS COMPANY PURPOSE: CHARITABLE EVENT | $6,000 |
BOOK FOR HOPE INC PURPOSE: CHARITABLE EVENT | $1,000 |
MARION ROTARY CLUB SCHOLARSHIP FOUDATION INC PURPOSE: GENERAL & UNRESTRICTED | $5,000 |
REFUGE TEMPLE CHURCH OF GOD IN CHRIST INC PURPOSE: CHARITABLE EVENT | $2,500 |
REND LAKE COLLEGE FOUNDATION PURPOSE: THE LEARNING RESOURCE CENTER PROJECT OUTDOOR STUDY | $6,000 |
THE BOYS AND GIRLS CLUB OF SOUTHERN ILLINOIS PURPOSE: CHARITABLE EVENT | $500 |