Christian Community Foundation Inc
- Assets
- $497.9m
- Revenue
- $194.2m
- Investments
- $50.4m
- Employees
- 24
- Location
- Colorado Springs, CO
- Founding
- 05/1981
- Data as of
- 03/2022
- EIN
- 75-1750059
Organization Overview
Christian Community Foundation Inc, operating under the name Waterstone, is located in Colorado Springs, CO. The organization was established in 1981. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 03/2023, Waterstone employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Waterstone 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 generated $194.2m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 18.7% each year . All expenses for the organization totaled $97.2m during the year ending 03/2022. While expenses have increased by 7.6% per year over the past 8 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 has awarded 7,943 individual grants totaling $586,453,156. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE EXCELLENCE IN PERSONALIZED CHARITABLE GIVING SERVICES AND EDUCATION RESOURCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE PROVIDE CREATIVE GIFTING SOLUTIONS TO DONORS, ENCOURAGING THEM IN A BROAD RANGE OF CHARITABLE AND EDUCATIONAL ENDEAVORS AS WELL AS DIRECT CHRISTIAN MINISTRIES. WE OFFER A VARIETY OF GIFT-PLANNING SOLUTIONS, INCLUDING DONOR ADVISED FUNDS, FIELD-OF-INTEREST FUNDS, MINISTRY CHARITY PROJECTS, CHARITABLE TRUSTS, CHARITABLE GIFT ANNUITIES, AND SUPPORTING ORGANIZATIONS, EACH STRUCTURED TO MEET THE SPECIFIC DONOR'S NEEDS AND CHARITABLE VISION. DISTRIBUTIONS RECOMMENDED BY DONORS AND APPROVED BY THE WATERSTONE BOARD OF DIRECTORS GO TO THOUSANDS OF DOMESTIC AND FOREIGN NONPROFIT ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth Harrison Chief Executive Officer | OfficerTrustee | 40 | $335,827 |
John C Mulder Board Member/(pres. Thru 6/22) | Trustee | 20 | $196,104 |
Doug H Kiesewetter Jr Chairman | OfficerTrustee | 1 | $0 |
Kittie W Watson Vice Chair | OfficerTrustee | 1 | $0 |
Richard A Lavinski Secretary | OfficerTrustee | 1 | $0 |
Alan Brown Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Excellence In Giving Llc Professional Advisory Services | 3/30/23 | $661,332 |
Stellar Technology Solutions Llc Web Computer Services | 3/30/23 | $274,593 |
Paradiem Advisory Services | 3/30/23 | $164,000 |
Philanthrocorp Fund Raising/advisory Services | 3/30/23 | $417,185 |
Bossa Nova Strategies Professional Marketing Services | 3/30/23 | $116,748 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $158,434,768 |
| Investment income | $12,372,764 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $18,180 |
| Net Gain/Loss on Asset Sales | $14,596,777 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $194,166,172 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $87,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $549,270 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,290,313 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $867,779 |
| Pension plan accruals and contributions | $31,323 |
| Other employee benefits | $131,135 |
| Payroll taxes | $125,752 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $28,975 |
| Fees for services: Accounting | $77,423 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,811,205 |
| Fees for services: Other | $3,956,767 |
| Advertising and promotion | $1,295,193 |
| Office expenses | $66,318 |
| Information technology | $305,226 |
| Royalties | $0 |
| Occupancy | $212,694 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $218,668 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $23,471 |
| Insurance | $109,036 |
| All other expenses | $0 |
| Total functional expenses | $97,210,512 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $7,522,455 |
| 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 | $23,253,017 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $410,884 |
| Investments—publicly traded securities | $415,803,885 |
| Investments—other securities | $50,367,156 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $100,246 |
| Total assets | $497,894,733 |
| Accounts payable and accrued expenses | $955,156 |
| 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 | $50,937,161 |
| Total liabilities | $51,892,317 |
| Net assets without donor restrictions | $424,806,623 |
| Net assets with donor restrictions | $21,195,793 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $446,002,416 |
Grants Awarded
Over the last fiscal year, Christian Community Foundation Inc has awarded $143,132,120 in support to 1,265 organizations.
| Grant Recipient | Amount |
|---|---|
12STONE CHURCH PURPOSE: GENERAL SUPPORT, MINISTRY SUPPORT | $30,000 |
1792 EXCHANGE PURPOSE: GENERAL SUPPORT, MINISTRY SUPPORT | $1,000,000 |
168 HOUR FILM PROJECT PURPOSE: GENERAL SUPPORT | $20,000 |
19 MINISTRIES PURPOSE: MINISTRY SUPPORT | $15,000 |
40 DAYS FOR LIFE PURPOSE: GENERAL SUPPORT | $5,240 |
4KIDS OF SOUTH FLORIDA PURPOSE: GENERAL SUPPORT | $70,000 |