Watermark Health A Nonprofit Corporation
- Assets
- $1.2m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 03/2009
- Data as of
- 12/2021
- EIN
- 26-3381206
Organization Overview
Watermark Health A Nonprofit Corporation is located in Dallas, TX. The organization was established in 2009. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Watermark Health A Nonprofit Corporation 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 Health A Nonprofit Corporation generated $1.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $1.6m during the year ending 12/2021. 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
CREATED FOR THE PURPOSE OF PROVIDING MEDICAL AND DENTAL ASSISTANCE TO THE UNDERPRIVILEGED MEN, WOMEN AND CHILDREN OF THE DALLAS FORTH WORTH METROPLEX.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR MISSION IS MEET THE PHYSICAL, EMOTIONAL AND SPIRITUAL NEEDS OF THE COMMUNITY WE SERVE IN CONJUNCTION WITH PARTNERS FROM PUBLIC, PRIVATE AND FAITH BASED SECTORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matt Bush President | Officer | 2 | $0 |
Scott Breedlove Director | Trustee | 1 | $0 |
Kevin Addudell Director | Trustee | 1 | $0 |
Tip Housewright Director | Trustee | 1 | $0 |
D'ann Davis Director | Trustee | 1 | $0 |
Michael Chapman Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,397,833 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,397,833 |
| Total Program Service Revenue | $0 |
| Investment income | $940 |
| 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 | $1,398,773 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,217,462 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,626 |
| Advertising and promotion | $0 |
| Office expenses | $49,956 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $56,475 |
| Travel | $41,793 |
| 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 | $81,339 |
| Insurance | $17,901 |
| All other expenses | $4,868 |
| Total functional expenses | $1,642,921 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $926,966 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $307,287 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,234,253 |
| Accounts payable and accrued expenses | $68,594 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $3,940 |
| Total liabilities | $72,534 |
| Net assets without donor restrictions | $1,161,719 |
| 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 | $1,234,253 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Watermark Health A Nonprofit Corporation has recieved totaling $751,818.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $540,000 |
Communities Foundation Of Texas Dallas, TX PURPOSE: THIS GRANT IS DESIGNATED FOR GENERAL SUPPORT. | $165,821 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $15,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $10,904 |
Givinga Foundation Inc Wellesley, MA PURPOSE: PROGRAM SUPPORT | $10,000 |
Givinga Foundation Inc Wellesley, MA PURPOSE: PROGRAM SUPPORT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Service Organization Of The Piney Woods Lubbock, TX | $125,455 | $15,876,016 |
Cyberspace Innovation Center Incoporated Bossier City, LA | $14,331,496 | $17,560,867 |
Christus Spohn Health System Development Foundation Corpus Christi, TX | $25,881,076 | $6,931,905 |
Our Lady Of The Lake Foundation Baton Rouge, LA | $22,619,327 | $9,390,002 |
The Cullen Trust For Health Care Houston, TX | $131,381,553 | $3,442,546 |
Friends Of Santa Rosa Foundation San Antonio, TX | $13,088,401 | $2,118,333 |
Sky High For St Judes Inc Houston, TX | $1,119,864 | $4,279,523 |
All Saints Health Foundation Dallas, TX | $79,123,014 | $9,942,046 |
Baylor Oral Health Foundation Dallas, TX | $75,747,917 | $4,071,225 |
Service Organizations Of Southeast Texas Lubbock, TX | $594,479 | $3,447,563 |
Legacy Community Health Endowment Inc Houston, TX | $31,762,951 | $2,359,122 |
New Mexico Hospital Association Albuquerque, NM | $20,342,182 | $3,002,347 |