Waterstone Support Foundation Inc

Organization Overview

Waterstone Support Foundation Inc is located in Colorado Springs, CO. The organization was established in 1998. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, 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. Waterstone Support Foundation Inc 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 03/2022, Waterstone Support Foundation Inc generated $45.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.4% each year . All expenses for the organization totaled $42.3m during the year ending 03/2022. While expenses have increased by 18.9% per year over the past 7 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 2015, Waterstone Support Foundation Inc has awarded 73 individual grants totaling $77,822,219. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

SUPPORTS THE CHARITABLE & RELIGIOUS PURPOSES OF CCF DBA WATERSTONE & NATIONAL FOUNDATION INC.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE FOUNDATION IS ORGANIZED AND IS OPERATED AS A SUPPORTING ORGANIZATION FOR THE SUPPORT AND FURTHERANCE OF THE RELIGIOUS, CHARITABLE, AND EDUCATIONAL TAX-EXEMPT PURPOSES OF CHRISTIAN COMMUNITY FOUNDATION (CCF) AND NATIONAL FOUNDATION INC. THE FOUNDATION RAISES AND DISTRIBUTES FUNDS TO VARIOUS ORGANIZATIONS QUALIFYING UNDER SECTION 501(C)(3) AND ADMINISTERS AND SUPPORTS A VARIETY OF CHARITABLE AND EDUCATIONAL PROJECTS AND MINISTRY CHARITY PROJECTS IN PURSUIT OF ITS EXEMPT PURPOSE.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Christian Community Foundation
Management Services
$1,012,592
Hamann Property Management Inc
Real Estate Management
$167,000
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$232,902
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$24,453,985
Noncash contributions included in lines 1a–1f $23,539,894
Total Revenue from Contributions, Gifts, Grants & Similar$24,686,887
Total Program Service Revenue$17,758,657
Investment income $1,845,797
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $483,239
Net Gain/Loss on Asset Sales $355,153
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $45,122,757

Grants Awarded

Over the last fiscal year, Waterstone Support Foundation Inc has awarded $25,423,623 in support to 9 organizations.

Grant RecipientAmount

CHRISTIAN COMMUNITY FOUNDATION

Org PageRecipient Profile

Colorado Springs, CO

PURPOSE: GENERAL SUPPORT

$22,878,937

PREGNANCY CARE CLINIC

PURPOSE: GENERAL SUPPORT

$1,950,000

WILLIAM JESSUP UNIVERSITY

Org PageRecipient Profile

Rocklin, CA

PURPOSE: GENERAL SUPPORT

$177,337

FAIRVIEW BAPTIST CHURCH

Org PageRecipient Profile

Edmond, OK

PURPOSE: GENERAL SUPPORT

$161,344

ROSS DILLON SPECIAL NEEDS TRUST

PURPOSE: MINISTRY SUPPORT

$150,000

PROFESSIONAL CHRISTIAN COUNSELING SERVICES

PURPOSE: MINISTRY SUPPORT

$70,549
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 5 grants that Waterstone Support Foundation Inc has recieved totaling $23,400,553.

Awarding OrganizationAmount
Waterstone Support Foundation Inc

Colorado Springs, CO

PURPOSE: GENERAL SUPPORT

$22,878,937
Organization Name not Listed

PURPOSE: Transfer of trusteeship for a charitable trust

|

$227,014
Christian Community Foundation Inc

Colorado Springs, CO

PURPOSE: GENERAL SUPPORT

$221,071
Schwab Charitable Fund

San Francisco, CA

PURPOSE: PUBLIC, SOCIETAL BENEFIT

$68,250
Organization Name not Listed

PURPOSE: Relief & Development

|

$5,281
View Grant Recipient Profile

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