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Nonprofiteer
← WATERTOWN COMMUNITY FOUNDATION

Form 990 for tax year 2023

Filed by WATERTOWN COMMUNITY FOUNDATION.

Totals

Total revenue
$2,520,866
Total expenses
$1,563,118
Contributions and grants received
$1,070,846
Grants paid
$903,746
Program service revenue
$124,511
Investment income
$1,208,635
Other revenue
$116,874
Total assets, end of year
$33,313,922
Total liabilities, end of year
$12,384,042
Net assets or fund balances, end of year
$20,929,880
Program services expenses (Part IX)
$903,746
Management and general expenses
$582,211
Fundraising expenses
$77,161
Program service expenses (Part III)
$903,746

Program services were 57.8% 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.

  • 1f · All other contributions, gifts and grants

    $1,070,846

  • 2a · Program service revenue: INCOME FROM AGENCY FUND

    total $108,850 · related or exempt $108,850

  • 2b · Program service revenue: RENT FROM REAL ESTATE

    total $15,661 · related or exempt $15,661

  • 3 · Investment income

    total $636,316 · related or exempt $636,316

  • 7a · Gross sales of assets other than inventory

    securities $6,437,322

  • 7b · Less cost or other basis and sales expenses

    securities $5,865,003

  • 7c · Gain or loss

    securities $572,319

  • 7d · Net gain or loss

    total $572,319 · related or exempt $572,319

  • 8a · Fundraising events: gross income

    $116,874

  • 8c · Net income from fundraising events

    total $116,874 · excluded $116,874

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $884,421 · program services $884,421

  • 2 · Grants to domestic individuals

    total $19,325 · program services $19,325

  • 7 · Other salaries and wages

    total $239,813 · management and general $239,813

  • 9 · Other employee benefits

    total $23,002 · management and general $23,002

  • 10 · Payroll taxes

    total $22,011 · management and general $22,011

  • 11b · Fees: legal

    total $22,005 · management and general $22,005

  • 11c · Fees: accounting

    total $23,427 · management and general $23,427

  • 11g · Fees: other

    total $180,147 · management and general $180,147

  • 12 · Advertising and promotion

    total $67,756 · fundraising $67,756

  • 13 · Office expenses

    total $27,275 · management and general $25,648 · fundraising $1,627

  • 16 · Occupancy

    total $13,281 · management and general $13,281

  • 19 · Conferences, conventions and meetings

    total $4,562 · management and general $4,562

  • 22 · Depreciation, depletion and amortization

    total $10,662 · management and general $10,662

  • 23 · Insurance

    total $9,742 · management and general $9,742

  • 24a · Other expenses: MEMBERSHIP FEES

    total $6,039 · management and general $6,039

  • 24b · Other expenses: MISCELLANEOUS

    total $9,650 · management and general $1,872 · fundraising $7,778

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $11,140 · end of year $7,046

  • 2 · Savings and temporary cash investments

    beginning of year $2,991,066 · end of year $2,685,791

  • 3 · Pledges and grants receivable

    end of year $98,920

  • 4 · Accounts receivable

    beginning of year $2,790

  • 10a · Land, buildings and equipment: cost or other basis

    $407,386

  • 10b · Land, buildings and equipment: accumulated depreciation

    $149,005

  • 10c · Land, buildings and equipment, net

    beginning of year $233,135 · end of year $258,381

  • 11 · Investments: publicly traded securities

    beginning of year $26,794,767 · end of year $30,186,637

  • 15 · Other assets

    beginning of year $59,802 · end of year $77,147

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,709 · end of year $4,581

  • 18 · Grants payable

    beginning of year $890,893 · end of year $686,065

  • 21 · Escrow or custodial account liability

    beginning of year $10,499,945 · end of year $11,693,396

  • 27 · Net assets without donor restrictions

    beginning of year $1,978,744 · end of year $2,021,681

  • 28 · Net assets with donor restrictions

    beginning of year $16,718,409 · end of year $18,908,199

Mission and programs · 2023

Mission

SEE SCHEDULE O

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $850,206 · Grants $850,206

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $53,540 · Grants $53,540 · Revenue $108,850

As filed on the 2023 return. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • JOEL VOCKRODT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JULIE RANUM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CHARLIE EWALT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SCOTT OLSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • JACOB SCHAFFER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • TOM BEADNELL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LIAM CULHANE

    VICE CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1

  • DR JEFF DANIELSEN

    CHAIRPERSON

    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.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2023
Filed
13 November 2024
IRS schema version
2023v5.1
Source object
202413209349322961

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.