WaterStone Support Foundation Inc

The information on this page was last updated 3/11/2022. If you see errors or omissions, please email: [email protected]


Summary

WaterStone Support Foundation is a financial foundation dedicated to the support of WaterStone, whose profile information is shared below.

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:
WaterStone Support Foundation Inc
10807 New Allegiance Dr
Suite 240
Colorado Springs, CO 80921

Website: waterstone.org

Phone: 719-447-4620

Email: [email protected]


Organization details

EIN: 841430063

CEO/President: Ken Harrison / John Mulder

Chairman: Doug Kiesewetter

Board size: 11

Founder:

Ruling year: 1998

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

Show donor confidence score details

Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Christian Growth

CategoryRatingOverall rankSector rank
Overall efficiency rating207 of 103312 of 75
Fund acquisition rating23 of 10351 of 75
Resource allocation rating5 of 10351 of 75
Asset utilization rating999 of 103371 of 75

Financial ratios

Funding ratiosSector median20212020201920182017
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
6%0%0%0%0%0%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
4%0%0%0%0%0%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
82%109%29%60%42%18%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
5%0%0%0%0%0%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
18%-9%71%40%58%82%
 
Operating ratiosSector median20212020201920182017
Program expense ratio Program expense ratio =
Program services /
Total expenses
81%99%98%100%98%96%
Spending ratio Spending ratio =
Total expenses /
Total revenue
94%108%64%73%130%117%
Program output ratio Program output ratio =
Program services /
Total revenue
73%107%63%73%127%113%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
6%-8%36%27%-30%-17%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
8%-2%7%11%-7%-4%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
13%1%2%0%2%4%
 
Investing ratiosSector median20212020201920182017
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.910.130.090.180.160.13
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.354.264.875.313.082.78
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.450.570.430.950.490.36
 
Liquidity ratiosSector median20212020201920182017
Current ratio Current ratio =
Total current assets /
Total current liabilities
15.31682.26516.27196.75390.51491.42
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.060.000.000.010.000.00
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
7.3420.9927.8512.6324.5233.14
 
Solvency ratiosSector median20212020201920182017
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
8%38%33%38%45%45%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
92%467%756%347%348%421%

Financials

Balance sheet
 
Assets20212020201920182017
Cash$1,713,642$1,441,821$1,547,525$1,271,785$4,880,271
Receivables, inventories, prepaids$118,748$159,822$73,079$3,267,468$3,575,585
Short-term investments$19,950,104$14,850,435$10,368,705$16,952,679$16,951,824
Other current assets$0$0$0$0$0
Total current assets$21,782,494$16,452,078$11,989,309$21,491,932$25,407,680
Long-term investments$57,971,744$51,547,130$39,844,583$37,753,075$38,873,015
Fixed assets$9,660,885$6,559,884$6,029,066$4,251,133$3,926,623
Other long-term assets$3,461,743$5,538,739$5,851,520$2,645,267$2,485,324
Total long-term assets$71,094,372$63,645,753$51,725,169$44,649,475$45,284,962
Total assets$92,876,866$80,097,831$63,714,478$66,141,407$70,692,642
 
Liabilities20212020201920182017
Payables and accrued expenses$31,927$31,867$60,936$55,035$51,703
Other current liabilities$0$0$0$0$0
Total current liabilities$31,927$31,867$60,936$55,035$51,703
Debt$0$0$0$0$0
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$34,807,077$26,572,581$24,352,912$29,607,987$31,967,498
Total long-term liabilities$34,807,077$26,572,581$24,352,912$29,607,987$31,967,498
Total liabilities$34,839,004$26,604,448$24,413,848$29,663,022$32,019,201
 
Net assets20212020201920182017
Without donor restrictions$52,813,823$49,695,730$34,946,923$31,410,130$32,886,614
With donor restrictions$5,224,039$3,797,653$4,353,707$5,068,255$5,786,827
Net assets$58,037,862$53,493,383$39,300,630$36,478,385$38,673,441
 
Revenues and expenses
 
Revenue20212020201920182017
Total contributions$12,538,034$3,209,104$9,289,488$3,420,314$1,389,988
Program service revenue($3,913,146)$6,325,150$3,699,822$3,169,121$3,901,251
Membership dues$0$0$0$0$0
Investment income$2,595,395$1,140,154$2,365,216$1,366,598$2,251,222
Other revenue$255,733$316,810$199,270$137,170$279,194
Total other revenue($1,062,018)$7,782,114$6,264,308$4,672,889$6,431,667
Total revenue$11,476,016$10,991,218$15,553,796$8,093,203$7,821,655
 
Expenses20212020201920182017
Program services$12,271,249$6,920,148$11,295,937$10,294,116$8,842,006
Management and general$164,840$152,716$39,182$196,340$339,564
Fundraising$0$1,115$0$0$0
Total expenses$12,436,089$7,073,979$11,335,119$10,490,456$9,181,570
 
Change in net assets20212020201920182017
Surplus (deficit)($960,073)$3,917,239$4,218,677($2,397,253)($1,359,915)
Other changes in net assets$0$0$0$0$0
Total change in net assets($960,073)$3,917,239$4,218,677($2,397,253)($1,359,915)

Compensation

NameTitleCompensation
Kenneth R HarrisonCEO$299,440
John MulderPresident$275,276
Chris StartTreasurer$212,709
Ruthann WitkopAssistant Secretary$89,817

Compensation data as of: 3/31/2020


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 3/11/2022. To update the information below, please email: [email protected]


History


Program accomplishments

Since 1980, WaterStone has...
$1.4 billion contributions
$700 million+ complex assets contributions
$800 million grants
5,000+ charities supported
$1.5 million+ in grants weekly
$750 million in assets under advisement


Needs