Watermark Foundation
- Assets
- $169.7k
- Revenue
- $100.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Triangle, VA
- Founding
- Data as of
- 12/2023
- EIN
- 88-4316769
Organization Overview
Watermark Foundation is located in Triangle, VA. According to its NTEE Classification (B19) the organization is classified as: Support N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Watermark Foundation 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 12/2023, Watermark Foundation generated $100.3k in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 0.2% each year.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE WATERMARK FOUNDATION (TWF) VIEWS EDUCATION AS ENCOMPASSING THE SCOPES OF TRADITIONAL PRIMARY AND SECONDARY SCHOOLS, AS WELL AS INNOVATIVE AND ALTERNATIVE EDUCATIONAL PROGRAMS AND EXPERIENCES THAT TAKE PLACE OUTSIDE THE CLASSROOM. TWF FURTHER UNDERSTANDS, AND APPRECIATES, THE CRITICAL ROLE OF EDUCATION IN ADVANCING COMMUNITIES TO BE HEALTHIER, SAFER, AND HAPPIER FOR ALL.TWF WILL IDENTIFY EDUCATIONAL SYSTEMS AND OPPORTUNITIES, AS WELL AS OTHER ORGANIZATIONS, SERVING IN AND AROUND THE PRINCE WILLIAM COUNTY, VIRGINIA COMMUNITY AND OTHER AREAS OF THE UNITED STATES THAT SHARE TWF'S MISSION OF PROMOTING EDUCATION TO THE PUBLIC. ONCE IDENTIFIED, TWF WILL OFFER AND DELIVER SUPPORT TO THESE ENTITIES AND PROGRAMS BY MEANS OF VOLUNTEERING AND/OR PROVIDING FINANCIAL CONTRIBUTIONS.
IT ALSO BELIEVES THAT PROMOTING BETTER HEALTH FOR ALL, ESPECIALLY SERVICE MEMBERS, VETERANS, AND THEIR FAMILIES, WILL SIMILARLY ADVANCE AND IMPROVE COMMUNITIES.TWF WILL SIMILARLY INVOLVE THE IDENTIFICATION OF SERVICES, PROGRAMS, AND ORGANIZATIONS DEDICATED TO PROMOTING PUBLIC HEALTH FOR SERVICE MEMBERS, VETERANS, AND THEIR FAMILIES IN THE UNITED STATES. ONCE IDENTIFIED, TWF WILL THEREAFTER OFFER AND DELIVER SUPPORT TO THESE ENTITIES AND PROGRAMS BY MEANS OF VOLUNTEERING AND/OR PROVIDING FINANCIAL CONTRIBUTIONS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Hodges President | 0.5 | $0 | |
Angela Hodges Vice President | 0.5 | $0 | |
Jaci Fisher Secretary | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $100,000 |
| Interest on Savings | $4 |
| Dividends & Interest | $322 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $100,326 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $697 |
| Total operating and administrative expenses | $11,117 |
| Contributions, gifts, grants paid | $19,500 |
| Total expenses and disbursements | $30,617 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $119,482 |
| Savings and temporary cash investments | $50,227 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $169,709 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Watermark Foundation has awarded $19,500 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
7 BENEFIT LTD PURPOSE: GENERAL SUPPORT | $12,000 |
ASIS INTERNATIONAL INC PURPOSE: SCHOLARSHIPS FOR MILITARY PERSONNEL | $5,000 |
SAN ANTONIO VETERANS MOTORCYCLE CLUB PURPOSE: SCHOOL SUPPLIES FOR UNDERSERVED COMMUNITIES | $2,500 |