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← NATIONAL FOUNDATION INC

Form 990 for tax year 2024

Filed by NATIONAL FOUNDATION INC.

Totals

Total revenue
$9,401,857
Total expenses
$9,543,339
Contributions and grants received
$9,101,775
Grants paid
$180,002
Program service revenue
$0
Investment income
$300,082
Other revenue
$0
Total assets, end of year
$6,319,317
Total liabilities, end of year
$472,346
Net assets or fund balances, end of year
$5,846,971
Program services expenses (Part IX)
$9,536,460
Management and general expenses
$6,879
Fundraising expenses
$0
Program service expenses (Part III)
$9,536,460

Program services were 99.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $9,101,775

  • 3 · Investment income

    total $300,082 · excluded $300,082

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $180,002 · program services $180,002

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $402 · management and general $402

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $0

  • 14 · Information technology

    total $8,781,775 · program services $8,781,775

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $574,683 · program services $574,683

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $1,661 · management and general $1,661

  • 24a · Other expenses: Licenses & Taxes

    total $4,816 · management and general $4,816

  • 24e · All other expenses

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $258,110

  • 2 · Savings and temporary cash investments

    end of year $0

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    end of year $60,000

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $6,000,000 · end of year $6,000,000

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,259 · end of year $1,207

  • 10c · Land, buildings and equipment, net

    end of year $0

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $12,806 · end of year $472,346

  • 27 · Net assets without donor restrictions

    beginning of year $5,988,453 · end of year $5,846,971

Mission and programs · 2024

Mission

Encourage and Facilitate Donors to Achieve Christ-Centered Objectives by Providing Excellence in Personalized Charitable Giving Services and Education Resources

  • The Foundation is organized and operated to support the Christian Community Foundation DBA WaterStone and other public charities whose work furthers WaterStone's purpose by receiving and managing charitable contributions to support those ministries.

    Expenses $9,536,460 · Grants $180,002

As filed on the 2024 return.

Listed in Part VII

  • Kenneth Harrison

    CEO

    Total calculated
    $558,577
    From this org
    $0
    From related orgs
    $528,071
    Other
    $30,506
    Hours/week
    1 + 45 related

    Schedule J breakdown matched by us

    Base
    not reported + $325,067 related
    Bonus
    not reported + $203,004 related
    Other
    not reported
    Deferred
    not reported + $15,848 related
    Nontaxable benefits
    not reported + $14,658 related
    Filer's total
    not reported + $558,577 related
  • Richard von Gnechten

    Vice President

    Total calculated
    $558,577
    From this org
    $0
    From related orgs
    $528,071
    Other
    $30,506
    Hours/week
    1 + 43 related

    Schedule J breakdown matched by us

    Base
    not reported + $325,067 related
    Bonus
    not reported + $203,004 related
    Other
    not reported
    Deferred
    not reported + $15,848 related
    Nontaxable benefits
    not reported + $14,658 related
    Filer's total
    not reported + $558,577 related
  • Chris Start

    Treasurer

    Total calculated
    $302,530
    From this org
    $0
    From related orgs
    $275,300
    Other
    $27,230
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    not reported + $207,296 related
    Bonus
    not reported + $68,004 related
    Other
    not reported
    Deferred
    not reported + $10,348 related
    Nontaxable benefits
    not reported + $16,882 related
    Filer's total
    not reported + $302,530 related
  • John Mulder

    Chairman

    Total calculated
    $199,775
    From this org
    $0
    From related orgs
    $192,635
    Other
    $7,140
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    not reported + $149,014 related
    Bonus
    not reported + $43,621 related
    Other
    not reported
    Deferred
    not reported + $7,140 related
    Nontaxable benefits
    not reported
    Filer's total
    not reported + $199,775 related
  • Ruthann Witkop

    Assistant Sec.

    Total calculated
    $105,892
    From this org
    $0
    From related orgs
    $84,799
    Other
    $21,093
    Hours/week
    1 + 45 related
  • Doug Kiesewetter

    Secretary

    Total calculated
    $0
    Hours/week
    1
  • Rich Lavinski

    Secretary

    Total calculated
    $0
    Hours/week
    1
  • Bob Brown

    Director

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • Christian Community Foundation

    501(C)(3) · Provide Charitable Giving Services · CO

    Directly controlled by NA

  • Matthew 620 Foundation

    501(C)(3) · Support Activities of CCF DBA WaterStone · TX

    Directly controlled by Christian Community Fdn BDA WaterStone

  • WaterStone Support Foundation Inc

    501(C)(3) · Support Activities of CCF DBA WaterStone · TX

    Directly controlled by Christian Community Fdn BDA WaterStone

  • The Genesis Foundation

    501(C)(3) · Support Activities of CCF DBA WaterStone · CO

    Directly controlled by Christian Community Fdn BDA WaterStone

  • Jonna and Jill Foundatio Inc

    501(C)(3) · Support Activities of CCF DBA WaterStone · TX

    Directly controlled by Christian Community Fdn BDA WaterStone

  • Cary Brown Foundation

    501(C)(3) · Support Activities of CCF DBA WaterStone · TX

    Directly controlled by Christian Community Fdn BDA WaterStone

  • Moriah Foundation

    501(C)(3) · Support Activities of CCF DBA WaterStone · CO

    Directly controlled by Christian Community Fdn BDA WaterStone

  • Rough Acres Foundation

    501(C)(3) · Support Activities of CCF DBA WaterStone · CO

    Directly controlled by Christian Community Fdn BDA WaterStone

  • OC International Support Foundation

    501(C)(3) · Support Activities of CCF DBA WaterStone · CO

    Directly controlled by Christian Community Fdn BDA WaterStone

  • WaterStone Support Org Trust #1

    4947(A)(1) · Support Activities of CCF DBA WaterStone · TX

    Directly controlled by Christian Community Fdn BDA WaterStone

  • WaterStone Support Org Trust #2

    501(C)(3) · Support Activities of CCF DBA WaterStone

    Directly controlled by Christian Community Fdn BDA WaterStone

  • Overflow Inc

    501(C)(3) · Support Activities of CCF DBA WaterStone · CO

    Directly controlled by Christian Community Fdn BDA WaterStone

  • ATA Foundation

    501(c)(3) · Support Activities of CCF

    Directly controlled by Christian Community Fdn BDA WaterStone

  • WaterStone Real Estate Foundation

    501(c)(3) · Support Activities of CCF

    Directly controlled by Christian Community Fdn BDA WaterStone

  • Hexagon Foundation

    501(c)(3) · Support Activities of CCF · TX

    Directly controlled by Christian Community Fdn BDA WaterStone

  • Mandt Family Foundation

    501(c)(3) · Support Activities of CCF · CO

    Directly controlled by Christian Community Fdn BDA WaterStone

  • Messenger Foundation

    501(c)(3) · Support Activities of CCF · CO

    Directly controlled by Christian Community Fdn BDA WaterStone

  • Rapha Foundation

    501(c)(3) · Support Activities of CCF · CO

    Directly controlled by Christian Community Fdn BDA WaterStone

Provenance

Return type
form_990
Tax year
2024
Filed
24 October 2025
IRS schema version
2024v5.2
Source object
202542979349301139

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