Christian Community Foundation, dba WaterStone

The information on this page was last updated 1/30/2024. If you see errors or omissions, please email: [email protected]


Summary

At WaterStone, we understand the act of giving may be straightforward, but the gift of certain assets may be complex.

WaterStone is a Christian foundation that comes alongside givers, advisors and ministries to provide trusted counsel and innovative giving strategies. Since 1980, we have assisted our clients in developing comprehensive plans for sharing their resources with ministries and organizations to fulfill their charitable intent.

Our expertise is working with business owners and stewards of family wealth to unlock the giving potential of their non-cash assets like real estate, business interests, oil and gas and agricultural commodities. Through WaterStone, families can multiply their giving impact for the Kingdom, minimize taxes and heighten the joy of generosity.

The bulk of your portfolio may be comprised of complex, non-cash assets. Working through WaterStone, you can multiply your giving impact by transforming your complex assets into living water. Contact Giving Strategies for more information. We believe that generosity is the greatest act of worship.

Through generosity, we give back to God what He has given to us, and show love to our brothers and sisters in the process. For nearly 40 years, we have been blessed to see lives changed, hearts turned to the Lord, and The Spirit guide people to lead lives of significance - all through the grace of giving.

WaterStone is here to guide you through innovative giving solutions that will help you minimize taxes and multiply the impact of giving. We hope you will be our partner in the many life-changing stories that we have been blessed to be a part of since our founding.


Contact information

Mailing address:
Christian Community Foundation, dba WaterStone
10807 New Allegiance Dr
Ste 240
Colorado Springs, CO 80921

Website: waterstone.org

Phone: 719-447-4620

Email: [email protected]


Organization details

EIN: 751750059

CEO/President: Ken Harrison / John Mulder

Chairman: Doug Kiesewetter

Board size: 11

Founder:

Ruling year: 1981

Tax deductible: Yes

Fiscal year end: 03/31

Member of ECFA: Yes

Member of ECFA since: 1997


Purpose

Vision: "Every Christian a faith-filled intentional giver."

WaterStone serves as a conduit between givers and Kingdom causes, crafting personalized giving plans that honor God by blessing ministries and the people they serve.

By partnering with WaterStone, advisors can incorporate giving strategies into their wealth management practices and help their clients make a greater Kingdom impact.

With WaterStone's Charity Advised Funds, churches and nonprofits can efficiently manage pools of money set aside for a specific purpose.


Mission statement

Honoring God through the transformational power of giving. Serving Givers at the intersection of faith and finance. Building the Kingdom by transforming assets into living water.


Statement of faith

WE BELIEVE ...

The entire Bible is the inspired and inerrant Word of God, the only infallible rule of faith and practice. We believe that there is one God, eternally existing in three persons: Father, Son and Holy Spirit.

We believe that Jesus Christ is the only begotten Son of God, conceived by the Holy Spirit, born of the Virgin Mary, and was true Man and is true God.

We believe that in this age, God manifests Himself through the Holy Spirit who is a distinct personality, eternally coexistent with the Father and the Son, whose basic task is to convict sinners, regenerate those who believe and empower believers to live godly lives and in every way glorify the Father and the Son through His indwelling presence.

We believe that man was created in the image of God, that he sinned and thereby incurred not only physical death but also spiritual death that was eternal separation from God and is upon all men.

We believe that the Lord Jesus Christ died for our sins according to the Scriptures, as a representative and substitutionary sacrifice, and that all who believe in Him are justified on the basis of His shed blood.

We believe that the Lord Jesus Christ was resurrected in body, ascended into heaven, presently lives there for us as High Priest and Advocate, and that His personal, physical return to earth is imminent.

We believe that there will be a bodily resurrection of both the just and the unjust, the just to the everlasting blessedness of the saved and the unjust to the everlasting conscious suffering of the lost.

Donor confidence score

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Transparency grade

A

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Financial efficiency ratings

Sector: Christian Foundations

CategoryRatingOverall rankSector rank
Overall efficiency rating806 of 111210 of 10
Fund acquisition rating1112 of 111310 of 10
Resource allocation rating693 of 11138 of 10
Asset utilization rating307 of 11126 of 10

Financial ratios

Funding ratiosSector median20232022202120202019
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
0%1%1%1%0%1%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
0%1%1%0%0%1%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
94%94%82%74%91%85%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
0%1%1%1%1%1%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
6%6%18%26%9%15%
 
Operating ratiosSector median20232022202120202019
Program expense ratio Program expense ratio =
Program services /
Total expenses
98%96%95%96%96%94%
Spending ratio Spending ratio =
Total expenses /
Total revenue
73%70%50%70%61%63%
Program output ratio Program output ratio =
Program services /
Total revenue
71%68%47%67%59%59%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
27%30%50%30%39%37%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
11%14%22%11%19%14%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
2%3%4%3%3%5%
 
Investing ratiosSector median20232022202120202019
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.300.300.200.230.270.20
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.571.161.181.211.231.21
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
0.470.350.230.270.330.25
 
Liquidity ratiosSector median20232022202120202019
Current ratio Current ratio =
Total current assets /
Total current liabilities
395.82140.52443.63330.20374.82248.17
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.000.010.000.000.000.00
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
25.7434.3552.1943.5735.7348.62
 
Solvency ratiosSector median20232022202120202019
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
3%11%10%11%10%12%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
305%298%459%390%330%431%

Financials

Balance sheet
 
Assets20232022202120202019
Cash$7,466,110$7,522,455$7,945,063$6,790,856$25,018,212
Receivables, inventories, prepaids$307,291$410,884$232,938$119,159$421,900
Short-term investments$464,813,932$415,803,885$334,969,232$245,982,610$209,855,057
Other current assets$0$0$0$0$0
Total current assets$472,587,333$423,737,224$343,147,233$252,892,625$235,295,169
Long-term investments$48,103,337$50,367,156$46,023,338$30,878,876$17,540,457
Fixed assets$92,912$437,090$69,152$94,288$41,733
Other long-term assets$25,161,341$23,353,263$25,002,890$28,158,682$31,534,016
Total long-term assets$73,357,590$74,157,509$71,095,380$59,131,846$49,116,206
Total assets$545,944,923$497,894,733$414,242,613$312,024,471$284,411,375
 
Liabilities20232022202120202019
Payables and accrued expenses$3,363,055$955,156$1,039,207$674,710$948,126
Other current liabilities$0$0$0$0$0
Total current liabilities$3,363,055$955,156$1,039,207$674,710$948,126
Debt$0$0$0$0$0
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$54,757,033$50,937,161$45,912,932$31,901,667$34,054,609
Total long-term liabilities$54,757,033$50,937,161$45,912,932$31,901,667$34,054,609
Total liabilities$58,120,088$51,892,317$46,952,139$32,576,377$35,002,735
 
Net assets20232022202120202019
Without donor restrictions$470,414,830$424,806,623$348,927,745$271,582,782$234,695,291
With donor restrictions$17,410,005$21,195,793$18,362,729$7,865,312$14,713,349
Net assets$487,824,835$446,002,416$367,290,474$279,448,094$249,408,640
 
Revenues and expenses
 
Revenue20232022202120202019
Total contributions$220,026,634$158,434,768$99,302,026$125,812,481$77,746,890
Program service revenue($308,524)$8,743,683$13,482,706($2,162,943)$3,416,599
Membership dues$0$0$0$0$0
Investment income$13,215,164$26,969,541$21,623,173$14,103,590$10,450,523
Other revenue$18,180$18,180$21,648$20,928$17,316
Total other revenue$12,924,820$35,731,404$35,127,527$11,961,575$13,884,438
Total revenue$232,951,454$194,166,172$134,429,553$137,774,056$91,631,328
 
Expenses20232022202120202019
Program services$157,996,715$91,931,577$90,568,840$81,293,263$54,352,973
Management and general$4,640,641$3,994,705$3,076,903$2,802,678$2,801,119
Fundraising$1,307,517$1,284,230$584,630$618,702$682,793
Total expenses$163,944,873$97,210,512$94,230,373$84,714,643$57,836,885
 
Change in net assets20232022202120202019
Surplus (deficit)$69,006,581$96,955,660$40,199,180$53,059,413$33,794,443
Other changes in net assets$0$0$0$0$0
Total change in net assets$69,006,581$96,955,660$40,199,180$53,059,413$33,794,443

Compensation

NameTitleCompensation
Kenneth HarrisonChief Executive Officer$384,881
Richard von GnechtenVice President$279,532
Chris StartTreasurer$259,049
John C MulderBoard Member/(pres. Thru 6/22)$203,308
Stephanie HoffSenior Gift Strategist$140,078
Ruthann WitkopAssistant Secretary$107,905

Compensation data as of: 3/31/2023


Response from ministry

No response has been provided by this ministry.


The information below was provided to MinistryWatch by the ministry itself. It was last updated 1/30/2024. To update the information below, please email: [email protected]


History


Program accomplishments

Since 1980, Waterstone has...
$1.4 billion contributions
$800 million grants
5,000+ charities supported


Needs