Watermark Institute
- Assets
- $287.7k
- Revenue
- $869.1k
- Investments
- $0.0
- Employees
- 4
- Location
- Saratoga, CA
- Founding
- 08/2001
- Data as of
- 12/2021
- EIN
- 94-3373788
Organization Overview
Watermark Institute is located in Saratoga, CA. The organization was established in 2001. According to its NTEE Classification (S43) the organization is classified as: Small Business Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Watermark Institute employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Watermark Institute 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 12/2021, Watermark Institute generated $869.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.3%) each year. All expenses for the organization totaled $1.6m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO INCREASE REPRESENTATION OF WOMEN IN LEADERSHIP ROLES BY EMPOWERING THEM TO MAKE THEIR MARK IN AND FOR THEIR COMPANIES, THEIR CAREERS AND THEIR COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WATERMARK INSTITUTE OFFERS EDUCATION AND COMMUNITY THROUGH PUBLIC EDUCATIONAL EVENTS, BOTH LIVE AND VIRTUAL. OUR GOAL IS TO ASSIST WOMEN IN ADVANCING THEIR LEADERSHIP ABILITIES WHEREVER THEY ARE IN THEIR CAREER JOURNEY. WE OFFER PROGRAMS AIMED AT SENIOR AND EMERGING EXECUTIVES, INCLUDING TRAINING AND ADVICE FOR SECURING A BOARD SEAT, LEADING DIVERSE TEAMS MORE EFFECTIVELY, AND BUILDING INTENTIONAL NETWORKS. WE BRING TOGETHER SENIOR EXECUTIVES, SUCCESSFUL ENTREPRENEURS, AND WOMEN THOUGHT-LEADERS, WHO PASS ALONG THEIR INSIGHTS AND ACT AS MENTORS TO OUR BROADER COMMUNITY. OUR MAJOR EVENT EACH YEAR IS THE WATERMARK CONFERENCE FOR WOMEN, SILICON VALLEY, A DAY-LONG EDUCATIONAL EVENT FEATURING INSPIRATIONAL, NATIONALLY KNOWN SPEAKERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Margaretta Northrop CEO | Officer | 36 | $248,952 |
Erika Varga Mcenroe Secretary | OfficerTrustee | 1 | $0 |
Derek Dewinter Treasurer | OfficerTrustee | 1 | $0 |
Mary Ann Bianco-Pfeiffer Chairman | OfficerTrustee | 2 | $0 |
Jessica Aquirre Director | Trustee | 1 | $0 |
Divya Ghatak Director (1/1-6/10/21) | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $62,361 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $511,564 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $573,925 |
| Total Program Service Revenue | $246,043 |
| Investment income | $22 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $869,138 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $250,000 |
| Compensation of current officers, directors, key employees. | $62,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $182,876 |
| Pension plan accruals and contributions | $6,732 |
| Other employee benefits | $39,213 |
| Payroll taxes | $24,351 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $25,012 |
| Fees for services: Accounting | $67,268 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $126,537 |
| Advertising and promotion | $120 |
| Office expenses | $32,792 |
| Information technology | $34,368 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,333 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,607,043 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $138,571 |
| Savings and temporary cash investments | $103,640 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $25,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $441 |
| Net Land, buildings, and equipment | $16,667 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,333 |
| Total assets | $287,652 |
| Accounts payable and accrued expenses | $60,307 |
| Grants payable | $0 |
| Deferred revenue | $192,372 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $252,679 |
| Net assets without donor restrictions | $34,973 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $287,652 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Watermark Institute has recieved totaling $17,500.
| Awarding Organization | Amount |
|---|---|
Aarp Washington, DC PURPOSE: Sponsorship of the Conference for Women | $17,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Raza Development Fund Inc Phoenix, AZ | $287,338,176 | $23,229,153 |
Craft3 Astoria, OR | $178,565,925 | $26,936,516 |
Business Finance Capital Los Angeles, CA | $7,749,774 | $11,735,552 |
Los Angeles Cleantech Incubator Los Angeles, CA | $4,675,991 | $8,340,208 |
Economic Development Corporation Of Los Angeles Los Angeles, CA | $29,436,314 | $9,374,870 |
Main Street Launch Oakland, CA | $33,776,792 | $12,838,427 |
Inquiring Systems Inc Santa Rosa, CA | $7,524,299 | $8,764,937 |
Oregon Manufacturing Extension Partnership Inc Portland, OR | $2,663,862 | $6,607,892 |
Mce Social Capital San Francisco, CA | $62,791,597 | $6,149,930 |
Renaissance Entrepreneurship Center San Francisco, CA | $5,879,123 | $7,123,665 |
Pacific Community Ventures Oakland, CA | $20,029,825 | $8,516,576 |
Pacific Coast Regional Urban Small Business Development Corporation Los Angeles, CA | $22,353,411 | $11,894,942 |