Charity Impact Media

Home › Philanthropy, voluntarism & grantmaking

Waterstone Support Foundation

Colorado Springs, CO · EIN 84-1430063 · 501(c)(3) · Supporting organization (509(a)(3))
Latest filing: Form 990 for the fiscal year ending March 31, 2025 (tax year 2024) · View the filing · Correct or respond

Waterstone Support Foundation reported $28.0 million in revenue and $22.1 million in expenses for the fiscal year ending March 31, 2025. Of every $100 it spent, $98.74 went to program services, $1.26 to management and general costs and $0.00 to fundraising. Its largest source of revenue was contributions and grants: 57.6% of the total. The highest compensation it reported for one person was $557,407 (CHIEF EXECUTIVE OFFICER). Revenue rose 155% between FY2020 and FY2025. Source: Form 990, FY2025.

Where $100 of spending went

The fiscal year ending March 31, 2025 · Form 990, Part IX, line 25 · total expenses $22M

For context, the median across 1,001 covered philanthropy, voluntarism & grantmaking charities: $91.65 programs, $6.50 management, $1.85 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

The fiscal year ending March 31, 2025 · Form 990, Part VIII · total revenue $28M

The 990 scorecard · same measures for every charity, no grades

FY2025 filing. Median across 1,001 covered charities in this category, from their latest filings.
MeasureFY2025Median
Program services
Part IX 25(B) ÷ 25(A)
98.7%90.2%
Management & general
Part IX 25(C) ÷ 25(A)
1.3%6.4%
Fundraising
Part IX 25(D) ÷ 25(A)
0.0%1.8%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.00$0.02
Contributions & grants share of revenue
Part VIII 1h ÷ 12
57.6%79.9%
Government grants share of revenue
Part VIII 1e ÷ 12
0.0%0.0%
Program service revenue share
Part VIII 2g ÷ 12
17.5%0.0%
Highest reported compensation
Part VII-A, columns D–F
$557,407$325,675
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
2.52%1.56%
People paid over $100,000
Part VII, line 2
03
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
64.556.6
Independent voting board members
Part VI 1a–1b
4 of 6100.0%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

FY2025 · Form 990, Part III · the three largest programs by expense
$22M expenses · 100.0% of program spending · grants $15M · revenue $4.9M

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

Highest reported compensation

FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
CHIEF EXECUTIVE OFFICER
Director/trustee, officer, 1.00 hrs/week
$0$528,071$29,336$557,407
VICE PRESIDENT
Officer, 1.00 hrs/week
$0$326,459$22,066$348,525
TREASURER
Officer, 13.00 hrs/week
$0$275,300$29,044$304,344
BOARD MEMBER
Director/trustee, 1.00 hrs/week
$0$192,635$7,140$199,775
ASSISTANT SECRETARY
Officer, 1.00 hrs/week
$0$84,799$20,369$105,168

0 people received more than $100,000 in reportable compensation from Waterstone Support Foundation (Part VII, line 2).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$20M$40M$60M$80MFY2020FY2021FY2022FY2023FY2024FY2025$28M$22M
FilingRevenueExpensesProgramsNet assetsTop pay
FY2025 ⓘ$28M$22M98.7%$119M$557,407
FY2024 ⓘ$69M$37M99.5%$116M$525,797
FY2023 ⓘ$21M$13M99.0%$71M$384,881
FY2022 ⓘ$45M$42M99.4%$57M$374,872
FY2021 ⓘ$11M$12M98.7%$58M$317,906
FY2020 ⓘ$11M$7.1M97.8%$53M$299,440

Governance answers, as filed

FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means
  • Voting board members, and how many are independent Part VI, lines 1a–1b6 · 4 independent
  • Audited financial statements Part XII 2bYes
  • Conflict-of-interest policy Part VI 12aYes
  • Whistleblower policy Part VI 13Yes
  • Document retention policy Part VI 14Yes
  • Independent process for top executive pay Part VI 15aNo
  • Board given the 990 before filing Part VI 11aYes
  • Family or business ties among insiders Part VI 2Yes
  • Aware of a significant diversion of assets Part VI 5No
  • Excess benefit transaction with an insider Part IV 25aNo
  • Loans to or from insiders outstanding Part IV 26No
  • Lobbying, or a 501(h) election in effect Part IV 4No
  • Over $15,000 of professional fundraising services Part IV 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bYes
  • Employees Part I, line 50
  • Volunteers Part I, line 64

Largest outside contractors

FY2025 · Form 990, Part VII, Section B · businesses only
CHRISTIAN COMMUNITY FOUNDATION INC
Management services
$828,485

Individuals listed as contractors are left out. 1 contractors were paid more than $100,000 in all.

Correct a figure or respond

Every number above is copied from Waterstone Support Foundation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Waterstone Support Foundation, you can publish a response that is linked from this page.

Similar-sized charities in this cause

All philanthropy, voluntarism & grantmaking charities · Largest charities in Colorado

Questions people ask

How much of Waterstone Support Foundation's spending goes to programs?

In the fiscal year ending March 31, 2025, Waterstone Support Foundation reported that 98.7% of its $22.1 million in expenses went to program services, 1.3% to management and general and 0.0% to fundraising (Form 990, Part IX).

How much does Waterstone Support Foundation pay its top executive?

The largest total compensation Waterstone Support Foundation reported for one person in the fiscal year ending March 31, 2025 was $557,407, for the role of CHIEF EXECUTIVE OFFICER (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Waterstone Support Foundation get its money?

Of $28.0 million in revenue in the fiscal year ending March 31, 2025, 57.6% came from contributions and grants and 17.5% from program service revenue (Form 990, Part VIII).

Is Waterstone Support Foundation a registered charity?

The IRS lists EIN 84-1430063 as a 501(c)(3) organization (supporting organization (509(a)(3))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • FY2025: Form 990 for the fiscal year ending March 31, 2025, object 202620409349302052 · read the filing · XML
  • FY2024: Form 990 for the fiscal year ending March 31, 2024, object 202423469349300647 · read the filing
  • FY2023: Form 990 for the fiscal year ending March 31, 2023, object 202400299349302260 · read the filing
  • FY2022: Form 990 for the fiscal year ending March 31, 2022, object 202203469349301025 · read the filing
  • FY2021: Form 990 for the fiscal year ending March 31, 2021, object 202103559349300730 · read the filing
  • FY2020: Form 990 for the fiscal year ending March 31, 2020, object 202043519349300519 · read the filing

All filings for EIN 84-1430063: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.