Christian Community Foundation Inc
- Assets
- $497.9m
- Revenue
- $194.2m
- Investments
- $50.4m
- Employees
- 18
- 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 03/2022, Waterstone employed 18 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 7 years, it has increased revenue by an average of 21.7% each year . All expenses for the organization totaled $97.2m during the year ending 03/2022. While expenses have increased by 8.7% 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 has awarded 6,678 individual grants totaling $443,321,036. 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
990T
Mission & Program ActivityExcerpts From the 990T 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:
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 | $331,958 |
John C Mulder President | Officer | 40 | $286,817 |
Richard Von Gnechten Vice President | Officer | 40 | $207,975 |
Chris Start Treasurer | Officer | 40 | $173,256 |
Ruthann Witkop Assistant Secretary | Officer | 40 | $61,918 |
Doug H Kiesewetter Jr Chairman | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Giving Crowd Fund Raising | 3/30/22 | $900,473 |
Stellar Technology Web Based Software | 3/30/22 | $225,625 |
Philanthrocorp Professional Advisory Services | 3/30/22 | $242,575 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $54,045,111 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $104,389,657 |
| Noncash contributions included in lines 1a–1f | $43,883,103 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $158,434,768 |
| Total Program Service Revenue | $8,743,683 |
| 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 organizations and domestic governments. | $84,590,586 |
| 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 of current officers, directors, key employees. | $1,095,475 |
| 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 | $8,950 |
| 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 |
| Net Land, buildings, and equipment | $437,090 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $497,894,733 |
Grants Awarded
Over the last fiscal year, Christian Community Foundation Inc has awarded $81,638,253 in support to 1,142 organizations.
| Grant Recipient | Amount |
|---|---|
Easton, MD PURPOSE: EMERGENCY SUPPORT,GENERAL SUPPORT | $3,722,669 |
Santa Clarita, CA PURPOSE: GENERAL SUPPORT | $3,502,000 |
La Mirada, CA PURPOSE: GENERAL SUPPORT,MINISTRY SUPPORT,SCHOOL OF BUSINESS SUPPORT, BUILDING FUND | $3,075,000 |
Tyrone, GA PURPOSE: MINISTRY SUPPORT, RELIEF SUPPORT, REFUGEE CHILDREN SUPPORT | $2,699,800 |
Austin, TX PURPOSE: GENERAL SUPPORT | $2,041,000 |
San Mateo, CA PURPOSE: GENERAL SUPPORT | $1,525,000 |
Grants Recieved
Over the last fiscal year, we have identified 13 grants that Christian Community Foundation Inc has recieved totaling $30,414,365.
| Awarding Organization | Amount |
|---|---|
Waterstone Supporting Organization Trust 1 Colorado Springs, CO PURPOSE: GENERAL SUPPORT | $22,326,182 |
United Charitable Ashburn, VA PURPOSE: TRANSFER LLC INTEREST TO ANOTHER 501C3 | $2,051,918 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: SUPPORT | $1,897,706 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $1,331,490 |
Independent Charitable Gift Fund Hudson, OH PURPOSE: GENERAL SUPPORT | $1,153,457 |
American Endowment Foundation Hudson, OH PURPOSE: PHILANTHROPY | $679,142 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tulsa Community Foundation Tulsa, OK | $812,010,286 | $307,738,379 |
Denver Foundation Denver, CO | $993,536,650 | $189,641,789 |
Omaha Community Foundation Omaha, NE | $518,933,550 | $149,448,714 |
Arizona Community Foundation Phoenix, AZ | $1,066,072,012 | $211,703,650 |
Christian Community Foundation Inc Colorado Springs, CO | $497,894,733 | $194,166,172 |
Community First Foundation Arvada, CO | $565,776,459 | $151,756,882 |
Omaha Community Foundation Donor Directed Depository Omaha, NE | $49,176,399 | $38,155,808 |
Nebraska Community Foundation Lincoln, NE | $227,749,373 | $20,781,363 |
Oklahoma City Community Foundation Inc Oklahoma City, OK | $855,000,248 | $159,496,642 |
Community Foundation Of Jackson Hole Jackson, WY | $113,990,661 | $47,502,372 |
Rose Community Foundation Denver, CO | $325,610,267 | $15,145,306 |
Lincoln Community Foundation Inc Lincoln, NE | $161,472,860 | $29,470,305 |