Nonprofit · EIN 71-0920918
WATERSHED
Tax-exempt · CEDAR HILL, TX 75106
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $106,766 | $90,909 | $15,857 | $200,255 | $265 | $199,990 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $106,766
Expenses
- Compensation of officers, directors and key employees
- $40,460
- Salaries, compensation and benefits (total)
- $41,366
- Professional fees and payments to contractors
- $3,216
- Printing, publications and postage
- $482
- Other expenses
- $45,845
- Program services (functional)
- $77,340
Balance sheet and other
- Total assets, start of year
- $187,319
- Total assets, end of year
- $200,255
- Total liabilities, end of year
- $265
- Net assets, end of year
- $199,990
- Cash, savings and investments
- $189,634
- Gross receipts
- $106,766
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-EZ for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Garold Andersen | President | 40 | $33,540 |
| Lori Andersen | Vice Pres/Secretary | 40 | $6,920 |
| Kathy Meyer | Treasurer | 3 | $0 |
| Chris Adkins | Board Member | 0.1 | $0 |
| David Miller | Board Member | 0.1 | $0 |
| Steven Shaw | Board Member | 0.1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 2125, CEDAR HILL, TX 75106-2125
- Mailing address (990-N for 2011)
- 524 Olympus, Cedar Hill TX 75104
- Principal officer (990-N for 2011)
- Garold Andersen, 524 Olympus, Cedar Hill TX 75104
- Signed the 990-EZ
- Lori Andersen, Vice President
- Return prepared by
- Randy Hines Accounting LLC
Mission
Mentoring/Discipling People From a Biblical Perspective.
Program accomplishments
- a. Kenya Orphan Ministry Lori Spent 189 days in Kenya discipling and nurturing 8 orphans. Garold spent 189 days in Kenya discipling and nurturing 8 orphans.Expenses $73,560
- b. Mentoring Ministry Spent on average 15 hours/week in mentoring and encouraging approximately 35 people/Christians including artists from 5 different countries U.S., Kenya, Czech Republic, Germany, UK.Expenses $3,780
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 71-0920918
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2003
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A60)
- Assets (IRS master file)
- $200,255
- Income (IRS master file)
- $106,766
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | – | – | – | IRS |
| 990-EZ | December 2023 | $157,719 | $225,193 | $187,319 | IRS |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | December 2019 | – | – | – | IRS |
| 990-EZ | December 2018 | – | – | – | IRS |
| 990-N for 2011 Officer: Garold Andersen | December 31, 2011 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.
Questions about WATERSHED
- What is the EIN of WATERSHED?
- The employer identification number (EIN) of WATERSHED is 71-0920918.
- Is WATERSHED tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2003.
- Are donations to WATERSHED tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does WATERSHED file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of WATERSHED due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did WATERSHED last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who is the principal officer of WATERSHED?
- The 990-N for 2011 names Garold Andersen.
- Who are the officers and directors of WATERSHED?
- The 990-EZ for the year ended December 31, 2024 lists 6 people; 2 received compensation from the organization, the highest $33,540 (Garold Andersen, President).
- How much revenue does WATERSHED have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $106,766, expenses of $90,909 and total assets of $200,255 at year end.
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