2025-11-04T11:17:46-06:00 2024-12-31 640897081 MATTHEWS CUTRER & LINDSAY PA 1020 HIGHLAND COLONY PKWY 500 RIDGELAND MS 39157 990 2024-01-01 261570909 QUIET WATERS MINISTRIES INC QUIE 6015940148 PO BOX 2247 MADISON MS 39130 CAROL MATHENY TREASURER 6015940148 2025-10-31 1 1 WILLIAM P MCCOY CPA P01350453 6018988875 2025-10-31 2024 2025-03-06 01:10:19Z X CAROL MATHENY PO BOX 2247 MADISON MS 39130 946506 0 X WWW.QUIETWATERS-MS.ORG X 2008 MS TO GLORIFY GOD AS WE SERVE PEOPLE LIVING WITH DISABILITIES, DISEASES, AND DISORDERS. 7 7 7 97 0 0 225272 886379 14622 45470 0 61 0 0 239894 931910 0 0 0 0 123306 169905 0 0 27870 93131 139273 216437 309178 23457 622732 609571 904705 445595 0 163976 904705 X TO GLORIFY GOD AS WE COME ALONGSIDE CHRIST-HONORING CHURCHES TO SERVE PEOPLE LIVING WITH DISABILITIES, DISEASES, AND DISORDERS. 0 0 223042 45470 QUIET WATERS MINISTRIES OPERATES AS A CAMP AND RECREATIONAL FACILITY TO PROVIDE A BIBLICAL BASED MINISTRY FOR PERSONS WITH DISABILITIES. THE THREE MAJOR PROGRAM SERVICES ARE RETREATS, RESPITE, AND RESTORATION. IN THE CURRENT FACILITY, THE MINISTRY IS ABLE TO SERVE 12 PARTICIPANTS IMPACTED BY DISABILITY AT A TIME AT EACH RESPITE CARE OPPORTUNITY. THE ORGANIZATION HOSTS YEAR-ROUND RESPITE CARE WITH OVER 30 OPPORTUNITIES FOR FAMILIES THROUGHOUT THE YEAR. RESPITE CARE OPPORTUNITIES ARE AVAILABLE FOR ALL AGES OF INDIVIDUALS IMPACTED BY DISABILITY. QUIET WATERS HOSTS AN AVERAGE OF 4 RETREATS PER YEAR, 3 ARE HELD AT THE CURRENT FACILITY AND 1 AT A RENTED FACILITY. THE LARGEST RETREAT SERVES OVER 50 FAMILIES IMPACTED BY DISABILITY OVER A 5-DAY RETREAT. FOR RESTORATION, THE MINISTRY OFFERS YEAR-ROUND COUNSELING FOR ANYONE IMPACTED BY DISEASE, DISABILITY, OR DISORDERS. THE ORGANIZATION ALSO HOSTS AN ANNUAL COMMUNITY EVENT SERVING AROUND 1,000 PEOPLE AND AN ANNUAL WOMEN'S EVENT SERVING AROUND 35 MOTHERS. FINALLY, QUIET WATERS HAS WEEKLY HOSPITAL VISITS AND HOLIDAY VISITS FOR AROUND 100 FAMILIES AT EACH MAJOR HOLIDAY. 223042 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 7 0 1 7 1 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 1 0 1 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 1 0 MS X THE ORGANIZATION 6015732197 PO BOX 2247 MADISON MS 39130 ROD RUSS BOARD MEMBER 1.00 X 0 0 0 BETH MACNEILL BOARD MEMBER 1.00 X 0 0 0 MYRA PENN BOARD MEMBER 1.00 X 0 0 0 PEGGY MCKEY BOARD MEMBER 1.00 X 0 0 0 MOLLY MILLER CHAIRPERSON 1.00 X X 0 0 0 WES DODD FORMER BOARD MEMBER 1.00 X 0 0 0 ELLEN HEALY FORMER BOARD MEMBER 1.00 X 0 0 0 DONNA KAY BYRD FORMER BOARD MEMBER 1.00 X 0 0 0 ELAINE DODD FORMER BOARD MEMBER 1.00 X 0 0 0 SAM COCKROFT FORMER PRESIDENT 1.00 X X 0 0 0 SANDRA HULTZ FORMER SECRETARY 1.00 X X 0 0 0 JAY BOURNE FORMER TREASURER 1.00 X X 0 0 0 BENJAMIN BARNETTE FORMER VICE PRESIDENT 1.00 X X 0 0 0 RICK BENSON SECRETARY 1.00 X X 0 0 0 CAROL MATHENY TREASURER 1.00 X X 0 0 0 MARTIE KWASNY EXECUTIVE DIRECTOR 40.00 X 10000 0 0 GREGORY HAWKINS FORMER EXECUTIVE DIRECTOR 40.00 X 39624 0 0 KAYLA BETH ADAMS INTERIM EXECUTIVE DIRECTOR 40.00 X 36492 0 0 86116 0 0 0 0 0 0 0 33920 852459 11523 886379 PROGRAM RESPITE INCOME 900099 38922 38922 PROGRAM RETREAT INCOME 900099 5250 5250 OTHER RELATED INCOME 900099 1298 1298 45470 61 61 14596 33920 14596 0 931910 45470 0 61 86116 73199 8611 4306 74299 63154 7430 3715 9490 8067 948 475 20457 10229 10228 3053 3053 22153 6646 15507 18099 14109 2476 1514 5794 4925 579 290 1325 1126 199 20617 20617 9500 8075 950 475 18831 16006 1883 942 REPAIRS AND MAINTENANCE 12919 10981 1292 646 PROGRAM EXPENSES 6525 6525 309178 223042 58266 27870 159656 218214 232167 10625 960 587707 133383 438330 454324 609571 904705 5776 439819 445595 0 X 163976 892960 11745 163976 904705 609571 904705 622732 117997 0 X X 0 1 X 1 0 X 93394 182224 140139 225272 886379 1527408 93394 182224 140139 225272 886379 1527408 178353 1349055 61 61 1527469 122917 0.88320 1.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 265000 265000 301960 121768 180192 20747 11615 9132 454324 946506 14596 14596 931910 0 931910 323774 14596 14596 309178 0 309178 PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 14,596. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 14,596. GOLF TOURNAMENT 48516 33920 14596 14596 48516 33920 14596 14596 14596 0 FORM 990, PART VI, SECTION A, LINE 2 PEGGY MCKEY (BOARD) IS THE MOTHER OF CAROL MATHENY (BOARD). MYRA PENN (BOARD) IS THE SISTER OF MARTIE KWASNY (ED). RICK BENSON (BOARD) FATHER-IN-LAW OF VICTORIA BENSON (DIRECTOR OF MINISTRY OPERATIONS). VICTORIA BENSON (DIRECTOR OF MINISTRY OPERATIONS) IS THE DAUGHTER OF MARTIE KWASNY (ED). FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATION CHANGED ITS NAME FROM HOPE HOLLOW MINISTRIES TO QUIET WATERS MINISTRIES INC. AND HAS BEEN CONFIRMED ON THE IRS.GOV WEBSITE. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF FORM 990 IS SENT TO ALL BOARD MEMBERS. FORM 990 IS REVIEWED AND ANY QUESTIONS THAT ARISE FROM THE COMMITTEE OR BOARD MEMBERS ARE ANSWERED AND/OR CLEARED PRIOR THE FILING OF THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS PROVIDED TO ALL THE BOARD MEMBERS ANNUALLY. IT IS REVISED AND ANY NECESSARY DISCLOSURES ARE MADE ANNUALLY. ANY CONFLICT OF INTEREST THAT ARISES IS RESOLVED BY THE EXECUTIVE DIRECTOR AND/OR THE BOARD OF DIRECTORS AND WILL BE RECORDED IN THE OFFICIAL BOARD MINUTES. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION IS SUBJECT TO PERIODIC REVIEWS TO DETERMINE IF COMPENSATION ARRANGEMENTS ARE REASONABLE. ANY SALARY ADJUSTMENT MAY BE REVIEWED BY OUTSIDE ADVISORS TO ENSURE THE ORGANIZATION IS OPERATING IN A MANNER CONSISTENT WITH ITS CHARITABLE PURPOSES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE GENERAL PUBLIC UPON REQUEST. FORM 990, PAGE 12, PART XII, LINE 1- CHANGE IN ACCOUNTING METHOD THE NONPROFIT ORGANIZATION HAS ADOPTED THE MODIFIED CASH BASIS OF ACCOUNTING FOR FINANCIAL REPORTING PURPOSES. UNDER THIS METHOD, REVENUES ARE RECOGNIZED WHEN RECEIVED RATHER THAN WHEN EARNED, AND EXPENSES ARE RECOGNIZED WHEN PAID RATHER THAN WHEN THE OBLIGATION IS INCURRED. THIS METHOD HAS BEEN MODIFIED FOR THESE FINANCIAL STATEMENTS TO INCLUDE A PROVISION FOR DEPRECIATION OF PROPERTY, EQUIPMENT, FURNITURE AND FIXTURES, TO RECORD LONG-LIVED ASSETS, AND LONG-TERM OBLIGATIONS. AS THE ORGANIZATION GROWS THIS METHOD PROVIDES MORE FINANCIAL TRANSPARENCY THAN THE PREVIOUS USE OF THE CASH METHOD OF ACCOUNTING. PART XII LINE 2C - PROCESS OF COMMITTEE OVERSIGHT OF THE FIN STMT AUDIT THE AUDITOR DELIVERS THE FINANCIAL STATEMENT TO THE BOARD OF DIRECTORS AT THE COMPLETION OF THE AUDIT FOR THE YEAR ANSWERING ANY OF THE BOARD'S QUESTIONS. THE AUDITOR WORKS CLOSELY WITH THE BOARD OF DIRECTORS DURING THE YEAR SHOULD ANY CONCERNS ARISE. FORM 990, PAGE 12, PART XI, LINE 8- PRIOR PERIOD ADJUSTMENTS AS QUIET WATERS MINISTRIES, INC. GROWS, THE DETERMINATION WAS MADE THAT THE MOST APPROPRIATE METHOD OF ACCOUNTING FOR REPORTING WAS THE MODIFIED CASH METHOD, WHICH IS A CHANGE FROM THE 2023 CASH METHOD OF ACCOUNTING. THIS CHANGE WAS MADE TO REPORT ORGANIZATION GROWTH AND IMPROVE FINANCIAL TRANSPARENCY. THE CHANGE IN ACCOUNTING METHOD IS A NET ASSET ADJUSTMENT AND THE PRIOR PERIOD BALANCE SHEET HAS NOT BEEN RESTATED.