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Nonprofiteer
← CHRISTIAN COMMUNITY FOUNDATION INC

Form 990 for tax year 2023

Filed by CHRISTIAN COMMUNITY FOUNDATION INC.

Totals

Total revenue
$263,240,053
Total expenses
$232,399,350
Contributions and grants received
$232,725,892
Grants paid
$211,066,974
Program service revenue
$7,604,721
Investment income
$22,891,260
Other revenue
$18,180
Total assets, end of year
$616,655,526
Total liabilities, end of year
$67,798,357
Net assets or fund balances, end of year
$548,857,169
Program services expenses (Part IX)
$225,334,830
Management and general expenses
$5,810,701
Fundraising expenses
$1,253,819
Program service expenses (Part III)
$225,334,830

Program services were 97.0% 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

    $36,448,818

  • 1f · All other contributions, gifts and grants

    $196,277,074

  • 1g · Noncash contributions included above

    $31,479,755

  • 2a · Program service revenue: MANAGEMENT FEES

    total $6,141,906 · related or exempt $6,141,906

  • 2b · Program service revenue: PARTNERSHIP DISTRIBUTIONS

    total $1,573,601 · related or exempt $1,573,601

  • 2c · Program service revenue: CONSULTING FEES

    total $298,565 · related or exempt $298,565

  • 2d · Program service revenue: CHANGE IN VALUE OF SPLIT INTEREST

    total -$680,116 · related or exempt -$680,116

  • 2f · All other program service revenue

    total $270,765 · related or exempt $270,765

  • 3 · Investment income

    total $16,393,270 · unrelated business $18,795 · excluded $16,374,475

  • 6a · Gross rents

    real property $18,180

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $18,180

  • 6d · Net rental income or loss

    total $18,180 · related or exempt $18,180

  • 7a · Gross sales of assets other than inventory

    securities $119,964,320

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

    securities $113,466,330

  • 7c · Gain or loss

    securities $6,497,990

  • 7d · Net gain or loss

    total $6,497,990 · excluded $6,497,990

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $206,670,897 · program services $206,670,897

  • 2 · Grants to domestic individuals

    total $41,638 · program services $41,638

  • 3 · Grants to foreign organizations and individuals

    total $4,354,439 · program services $4,354,439

  • 5 · Compensation of officers, directors and key employees

    total $1,338,453 · program services $66,921 · management and general $1,136,348 · fundraising $135,184

  • 7 · Other salaries and wages

    total $1,389,900 · program services $69,495 · management and general $1,180,025 · fundraising $140,380

  • 8 · Pension plan contributions

    total $52,011 · program services $2,601 · management and general $44,157 · fundraising $5,253

  • 9 · Other employee benefits

    total $219,079 · program services $10,954 · management and general $185,998 · fundraising $22,127

  • 10 · Payroll taxes

    total $167,784 · program services $8,389 · management and general $142,449 · fundraising $16,946

  • 11b · Fees: legal

    total $77,031 · management and general $77,031

  • 11c · Fees: accounting

    total $88,087 · management and general $88,087

  • 11f · Fees: investment management

    total $3,380,111 · program services $3,380,111

  • 11g · Fees: other

    total $5,069,936 · program services $4,933,805 · management and general $136,131

  • 12 · Advertising and promotion

    total $2,045,845 · management and general $1,406,529 · fundraising $639,316

  • 13 · Office expenses

    total $50,860 · management and general $50,860

  • 14 · Information technology

    total $371,583 · management and general $371,583

  • 16 · Occupancy

    total $396,591 · management and general $396,591

  • 19 · Conferences, conventions and meetings

    total $267,307 · program services $2,709 · management and general $259,127 · fundraising $5,471

  • 22 · Depreciation, depletion and amortization

    total $37,751 · management and general $37,751

  • 23 · Insurance

    total $143,036 · program services $1,185 · management and general $141,851

  • 24a · Other expenses: UNCOLLECTIBLE NOTES REC

    total $5,791,686 · program services $5,791,686

  • 24b · Other expenses: PAY IT FORWARD DAF CONT

    total $289,142 · fundraising $289,142

  • 24c · Other expenses: MEMBERSHIPS AND SUBSCRI

    total $78,108 · management and general $78,108

  • 24d · Other expenses: LICENSES & TAXES

    total $59,353 · management and general $59,353

  • 24e · All other expenses

    total $18,722 · management and general $18,722

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $7,466,110 · end of year $504,280

  • 7 · Other notes and loans receivable

    beginning of year $21,549,280 · end of year $1,691,970

  • 9 · Prepaid expenses and deferred charges

    beginning of year $307,291 · end of year $584,934

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

    $552,842

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

    $286,812

  • 10c · Land, buildings and equipment, net

    beginning of year $92,912 · end of year $266,030

  • 11 · Investments: publicly traded securities

    beginning of year $464,813,932 · end of year $549,735,570

  • 12 · Investments: other securities

    beginning of year $48,103,337 · end of year $61,370,576

  • 15 · Other assets

    beginning of year $3,612,061 · end of year $2,502,166

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,363,055 · end of year $5,136,821

  • 25 · Other liabilities

    beginning of year $54,757,033 · end of year $62,661,536

  • 27 · Net assets without donor restrictions

    beginning of year $470,414,830 · end of year $528,787,660

  • 28 · Net assets with donor restrictions

    beginning of year $17,410,005 · end of year $20,069,509

Mission and programs · 2023

Mission

HONORING GOD THROUGH THE TRANSFORMATIONAL POWER OF GIVING, SERVING GIVERS AT THE INTERSECTION OF FAITH AND FINANCE, AND BUILDING THE KINGDOM BY TRANSFORMING ASSETS TO LIVING WATER.

Activities or mission (Part I)

PROVIDE EXCELLENCE IN PERSONALIZED CHARITABLE GIVING SERVICES AND EDUCATION RESOURCES.

  • WE PROVIDE CREATIVE GIFTING SOLUTIONS TO DONORS, ENCOURAGING THEM IN A BROAD RANGE OF CHARITABLE AND EDUCATIONAL ENDEAVORS AS WELL AS DIRECT CHRISTIAN MINISTRIES. WE OFFER A VARIETY OF GIFT-PLANNING SOLUTIONS, INCLUDING DONOR ADVISED FUNDS, FIELD-OF-INTEREST FUNDS, MINISTRY CHARITY PROJECTS, CHARITABLE TRUSTS, CHARITABLE GIFT ANNUITIES, AND SUPPORTING ORGANIZATIONS, EACH STRUCTURED TO MEET THE SPECIFIC DONOR'S NEEDS AND CHARITABLE VISION. DISTRIBUTIONS RECOMMENDED BY DONORS AND APPROVED BY THE WATERSTONE BOARD OF DIRECTORS GO TO THOUSANDS OF DOMESTIC AND FOREIGN NONPROFIT ORGANIZATIONS.

    Expenses $225,334,830 · Grants $211,066,974 · Revenue $7,622,901

As filed on the 2023 return.

Listed in Part VII

  • KENNETH HARRISON

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $525,797
    From this org
    $481,119
    From related orgs
    $0
    Other
    $44,678
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $328,402
    Bonus
    $152,717
    Other
    $0
    Deferred
    $14,692
    Nontaxable benefits
    $31,820
    Filer's total
    $527,631

  • DOUG H KIESEWETTER JR

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • KITTIE W WATSON

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • RICHARD A LAVINSKI

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • ALAN BROWN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • BOB BROWN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • KIM COBB

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • THOMAS LYLES

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • OS GUINNESS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • PASTOR JOEL SANDERS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • GREGORY VIGIL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • RICHARD CAPLIN

    BOARD MEMBER (BEG 10/2023)

    Total calculated
    $0
    Hours/week
    1

  • DAVID DUNN

    BOARD MEMBER (BEG 10/2023)

    Total calculated
    $0
    Hours/week
    1

  • JOHN MULDER

    BOARD MEMBER/CHIEF GENEROSITY ADVISOR

    Total calculated
    $170,304
    From this org
    $163,362
    From related orgs
    $0
    Other
    $6,942
    Hours/week
    20 + 5 related

    Schedule J breakdown matched by us

    Base
    $139,964
    Bonus
    $23,398
    Other
    $0
    Deferred
    $6,942
    Nontaxable benefits
    $0
    Filer's total
    $170,304

  • CHRIS START

    TREASURER

    Total calculated
    $274,731
    From this org
    $234,558
    From related orgs
    $0
    Other
    $40,173
    Hours/week
    40 + 13 related

    Schedule J breakdown matched by us

    Base
    $186,308
    Bonus
    $48,250
    Other
    $0
    Deferred
    $9,650
    Nontaxable benefits
    $32,358
    Filer's total
    $276,566

  • RUTHANN WITKOP

    ASSISTANT SECRETARY

    Total calculated
    $107,216
    From this org
    $72,993
    From related orgs
    $0
    Other
    $34,223
    Hours/week
    40 + 2 related

  • RICHARD VON GNECHTEN

    VICE PRESIDENT

    Total calculated
    $312,622
    From this org
    $282,820
    From related orgs
    $0
    Other
    $29,802
    Hours/week
    40 + 5 related

    Schedule J breakdown matched by us

    Base
    $233,852
    Bonus
    $48,968
    Other
    $0
    Deferred
    $6,685
    Nontaxable benefits
    $24,951
    Filer's total
    $314,456

  • STEPHANIE HOFF

    SENIOR GIFT STRATEGIST

    Total calculated
    $156,023
    From this org
    $127,685
    From related orgs
    $0
    Other
    $28,338
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $109,309
    Bonus
    $18,376
    Other
    $0
    Deferred
    $5,222
    Nontaxable benefits
    $24,444
    Filer's total
    $157,351

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

  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 7
THE ORGANIZATION'S COMPENSATION COMMITTEE ANNUALLY REVIEWS THE PERFORMANCES OF THE EXECUTIVE STAFF AND OTHER STAFF TO DETERMINE IF ADDITIONAL COMPENSATION IN THE FORM OF BONUSES WILL BE PAID. DURING CALENDAR YEAR ENDING DECEMBER 31, 2023, BONUSES WERE AWARED BASED ON REVIEW OF EACH INDIVIDUAL'S PERFORMANCE AND SERVICES TO THE ORGANIZATION.

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

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

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.

  • WATERSTONE SUPPORT FOUNDATION INC

    501(C)(3) · SUPPORT ACTIVITIES OF CHRISTIAN COMMUNITY FOUNDATION, INC. DBA WATERSTONE · CO · controlled entity

    Directly controlled by CHRISTIAN COMMUNITY FOUNDATION INC

  • NATIONAL FOUNDATION INC

    501(C)(3) · SUPPORT ACTIVITIES OF CHRISTIAN COMMUNITY FOUNDATION, INC. DBA WATERSTONE · MD · controlled entity

    Directly controlled by CHRISTIAN COMMUNITY FOUNDATION INC

  • CARY BROWN FAMILY FOUNDATION

    501(C)(3) · SUPPORT ACTIVITIES OF CHRISTIAN COMMUNITY FOUNDATION, INC. DBA WATERSTONE · TX · controlled entity

    Directly controlled by CHRISTIAN COMMUNITY FOUNDATION INC

  • THE GENESIS FOUNDATION

    501(C)(3) · SUPPORT ACTIVITIES OF CHRISTIAN COMMUNITY FOUNDATION, INC. DBA WATERSTONE · CO · controlled entity

    Directly controlled by CHRISTIAN COMMUNITY FOUNDATION INC

  • JONNA & JILL FOUNDATION

    501(C)(3) · SUPPORT ACTIVITIES OF CHRISTIAN COMMUNITY FOUNDATION, INC. DBA WATERSTONE · TX · controlled entity

    Directly controlled by CHRISTIAN COMMUNITY FOUNDATION INC

  • MATTHEW 620 FOUNDATION

    501(C)(3) · SUPPORT ACTIVITIES OF CHRISTIAN COMMUNITY FOUNDATION, INC. DBA WATERSTONE · TX · controlled entity

    Directly controlled by CHRISTIAN COMMUNITY FOUNDATION INC

  • MORIAH FOUNDATION

    501(C)(3) · SUPPORT ACTIVITIES OF CHRISTIAN COMMUNITY FOUNDATION, INC. DBA WATERSTONE · CO · controlled entity

    Directly controlled by CHRISTIAN COMMUNITY FOUNDATION INC

  • ROUGH ACRES FOUNDATION

    501(C)(3) · SUPPORT ACTIVITIES OF CHRISTIAN COMMUNITY FOUNDATION, INC. DBA WATERSTONE · CO · controlled entity

    Directly controlled by CHRISTIAN COMMUNITY FOUNDATION INC

  • OC INTERNATIONAL SUPPORT FOUNDATION

    501(C)(3) · SUPPORT ACTIVITIES OF CHRISTIAN COMMUNITY FOUNDATION, INC. DBA WATERSTONE · CO · controlled entity

    Directly controlled by CHRISTIAN COMMUNITY FOUNDATION INC

  • ATA FOUNDATION INC

    501(C)(3) · SUPPORT ACTIVITIES OF CHRISTIAN COMMUNITY FOUNDATION, INC. DBA WATERSTONE · CO · controlled entity

    Directly controlled by CHRISTIAN COMMUNITY FOUNDATION INC

  • THE WATERSTONE SUPPORTING ORGANIZATION TRUST 1

    4947(A)(1) · SUPPORT ACTIVITIES OF CHRISTIAN COMMUNITY FOUNDATION, INC. DBA WATERSTONE · TX · controlled entity

    Directly controlled by CHRISTIAN COMMUNITY FOUNDATION INC

  • THE WATERSTONE SUPPORTING ORGANIZATION TRUST 2

    501(C)(3) · SUPPORT ACTIVITIES OF CHRISTIAN COMMUNITY FOUNDATION, INC. DBA WATERSTONE · TX · controlled entity

    Directly controlled by CHRISTIAN COMMUNITY FOUNDATION INC

  • OVERFLOW INC

    501(C)(3) · SUPPORT ACTIVITIES OF CHRISTIAN COMMUNITY FOUNDATION, INC. DBA WATERSTONE · CO · controlled entity

    Directly controlled by CHRISTIAN COMMUNITY FOUNDATION INC

  • WATERSTONE REAL ESTATE FOUNDATION

    501(C)(3) · SUPPORT ACTIVITIES OF CHRISTIAN COMMUNITY FOUNDATION, INC. DBA WATERSTONE · CO · controlled entity

    Directly controlled by CHRISTIAN COMMUNITY FOUNDATION INC

  • HEXAGON FOUNDATION

    501(C)(3) · SUPPORT ACTIVITIES OF CHRISTIAN COMMUNITY FOUNDATION, INC. DBA WATERSTONE · CO · controlled entity

    Directly controlled by CHRISTIAN COMMUNITY FOUNDATION INC

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • POOLED INCOME FUNDS (36)

    CHARITABLE POOLED INCOME FUNDS · CO · controlled entity

Provenance

Return type
form_990
Tax year
2023
Filed
15 January 2025
IRS schema version
2023v6.0
Source object
202510169349301041

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