Nonprofit · EIN 75-1750059
CHRISTIAN COMMUNITY FOUNDATION INC
Also known as WATERSTONE
Tax-exempt · COLORADO SPGS, CO 80921
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| March 31, 2025 | 990 | $337,552,115 | $193,891,954 | $143,660,161 | $746,351,187 | $70,050,965 | $676,300,222 |
| March 31, 2024 | 990 | $263,240,053 | $232,399,350 | $30,840,703 | $616,655,526 | $67,798,357 | $548,857,169 |
| March 31, 2023 | 990 | $232,951,454 | $163,944,873 | $69,006,581 | $545,944,923 | $58,120,088 | $487,824,835 |
Financial details: 990 for the year ended March 31, 2025
Revenue
- Contributions, gifts and grants
- $282,568,114
- Program service revenue
- $6,853,190
- Investment income
- $48,112,631
- Net rental income
- $18,180
- Net gain from sales of assets
- $26,000,024
- Other revenue
- $18,180
Expenses
- Grants and similar amounts paid
- $176,413,707
- Compensation of officers, directors and key employees
- $1,507,469
- Other salaries and wages
- $1,479,919
- Salaries, compensation and benefits (total)
- $3,696,065
- Professional fundraising fees
- $0
- Legal fees
- $162,228
- Accounting fees
- $104,996
- Occupancy
- $372,338
- Depreciation
- $103,966
- Program services (functional)
- $185,917,824
- Management and general (functional)
- $7,412,449
- Fundraising (functional)
- $561,681
Balance sheet and other
- Total assets, start of year
- $616,655,526
- Total assets, end of year
- $746,351,187
- Total liabilities, end of year
- $70,050,965
- Net assets, end of year
- $676,300,222
- Land, buildings and equipment
- $1,265,911
- Publicly traded securities
- $618,820,635
- Net assets without donor restrictions
- $654,661,205
- Net assets with donor restrictions
- $21,639,017
- Gross unrelated business income
- $501,236
- Gross receipts
- $432,534,356
- Employees
- 26
- Volunteers
- 12
- Year formed
- 1980
- State of legal domicile
- TX
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 for the year ended March 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KENNETH HARRISON | CHIEF EXECUTIVE OFFICER Trustee or director, Officer | 40 | $528,071 | $29,336 |
| RICHARD VON GNECHTEN | VICE PRESIDENT Officer | 40 | $326,459 | $22,066 |
| CHRIS START | TREASURER/CFO Officer | 40 | $275,300 | $29,044 |
| JOHN MULDER BOARD MEMBER | CHIEF GENEROSITY ADVISOR Trustee or director | 1 | $192,635 | $7,140 |
| CATHERINE ABATE | ACCOUNTANT Highest-paid employee | 40 | $126,093 | $16,881 |
| STEPHANIE HOFF | SENIOR GIFT STRATEGIST Highest-paid employee | 40 | $124,822 | $16,881 |
| RUTHANN WITKOP | ASSISTANT SECRETARY Officer | 40 | $84,799 | $20,369 |
| DOUG H KIESEWETTER JR | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| KITTIE W WATSON | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| RICHARD A LAVINSKI | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| ALAN BROWN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| BOB BROWN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| KIM COBB | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| THOMAS LYLES | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| OS GUINNESS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
4 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PASTOR JOEL SANDERS | BOARD MEMBER Trustee or director | 1 | $0 |
| GREGORY VIGIL | BOARD MEMBER Trustee or director | 1 | $0 |
| RICHARD CAPLIN | BOARD MEMBER Trustee or director | 1 | $0 |
| DAVID DUNN | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended March 31, 2024: 18 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KENNETH HARRISON | CHIEF EXECUTIVE OFFICER Trustee or director, Officer | 40 | $481,119 | $44,678 |
| RICHARD VON GNECHTEN | VICE PRESIDENT Officer | 40 | $282,820 | $29,802 |
| CHRIS START | TREASURER Officer | 40 | $234,558 | $40,173 |
| JOHN MULDER | BOARD MEMBER/CHIEF GENEROSITY ADVISOR Trustee or director | 20 | $163,362 | $6,942 |
| STEPHANIE HOFF | SENIOR GIFT STRATEGIST Highest-paid employee | 40 | $127,685 | $28,338 |
| RUTHANN WITKOP | ASSISTANT SECRETARY Officer | 40 | $72,993 | $34,223 |
| DOUG H KIESEWETTER JR | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| KITTIE W WATSON | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| RICHARD A LAVINSKI | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| ALAN BROWN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| BOB BROWN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| KIM COBB | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| THOMAS LYLES | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| OS GUINNESS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| PASTOR JOEL SANDERS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| GREGORY VIGIL | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| RICHARD CAPLIN | BOARD MEMBER (BEG 10/2023) Trustee or director | 1 | $0 | $0 |
| DAVID DUNN | BOARD MEMBER (BEG 10/2023) Trustee or director | 1 | $0 | $0 |
990 for the year ended March 31, 2023: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KENNETH HARRISON | CHIEF EXECUTIVE OFFICER Trustee or director, Officer | 40 | $335,827 | $49,054 |
| RICHARD VON GNECHTEN | VICE PRESIDENT Officer | 40 | $244,865 | $34,667 |
| CHRIS START | TREASURER Officer | 40 | $213,808 | $45,241 |
| JOHN C MULDER | BOARD MEMBER/(PRES. THRU 6/22) Trustee or director | 20 | $196,104 | $7,204 |
| STEPHANIE HOFF | SENIOR GIFT STRATEGIST Highest-paid employee | 40 | $114,953 | $25,125 |
| RUTHANN WITKOP | ASSISTANT SECRETARY Officer | 40 | $67,216 | $40,689 |
| DOUG H KIESEWETTER JR | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| KITTIE W WATSON | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| RICHARD A LAVINSKI | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| ALAN BROWN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| BOB BROWN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| KIM COBB | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| THOMAS LYLES | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| OS GUINNESS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| PASTOR JOEL SANDERS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| GREGORY VIGIL | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 10807 NEW ALLEGIANCE DR STE 240, COLORADO SPGS, CO 80921-3803
- Principal officer (990 for 2024)
- KEN HARRISON, 10807 NEW ALLEGIANCE DRIVE 240, COLORADO SPRINGS, CO 80921
- Signed the 990
- CHRIS START, TREASURER/CFO
- Phone
- (719) 447-4620
- Website
- WWW.WATERSTONE.ORG
- Return prepared by
- EIDE BAILLY LLP
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.
Program accomplishments
- 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 $185,917,824 · grants $176,413,707 · revenue $6,871,370
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 March, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | March 31, 2026 | August 17, 2026 | Not on file |
| 2024 | March 31, 2025 | August 15, 2025 | 990 on file |
| 2023 | March 31, 2024 | August 15, 2024 | 990 on file |
IRS record
- EIN
- 75-1750059
- 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
- 1981
- Accounting year ends
- March
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T310)
- Assets (IRS master file)
- $746,351,187
- Income (IRS master file)
- $432,534,356
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | March 2025 | $337,552,115 | $193,891,954 | $746,351,187 | XML |
| 990-T | March 2025 | – | – | – | IRS |
| 990 | March 2024 | $263,240,053 | $232,399,350 | $616,655,526 | XML |
| 990-T | March 2024 | – | – | – | IRS |
| 990 | March 2023 | $232,951,454 | $163,944,873 | $545,944,923 | XML |
| 990-T | March 2023 | – | – | – | IRS |
| 990 | March 2022 | – | – | – | IRS |
| 990-T | March 2022 | – | – | – | IRS |
| 990 | March 2021 | – | – | – | IRS |
| 990-T | March 2021 | – | – | – | IRS |
| 990 | March 2020 | – | – | – | IRS |
| 990 | March 2019 | – | – | – | IRS |
| 990 | March 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 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 (search EIN 75-1750059).
Questions about CHRISTIAN COMMUNITY FOUNDATION INC
- What is the EIN of CHRISTIAN COMMUNITY FOUNDATION INC?
- The employer identification number (EIN) of CHRISTIAN COMMUNITY FOUNDATION INC is 75-1750059.
- Is CHRISTIAN COMMUNITY FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1981.
- Are donations to CHRISTIAN COMMUNITY FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CHRISTIAN COMMUNITY FOUNDATION INC 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 CHRISTIAN COMMUNITY FOUNDATION INC due?
- The return for tax year 2025 (the year ending March 31, 2026) is due August 17, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CHRISTIAN COMMUNITY FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended March 2025.
- Who is the principal officer of CHRISTIAN COMMUNITY FOUNDATION INC?
- The 990 for the year ended March 31, 2025 names KEN HARRISON.
- Who are the officers and directors of CHRISTIAN COMMUNITY FOUNDATION INC?
- The 990 for the year ended March 31, 2025 lists 19 people; 7 received compensation from the organization, the highest $528,071 (KENNETH HARRISON, CHIEF EXECUTIVE OFFICER).
- How much revenue does CHRISTIAN COMMUNITY FOUNDATION INC have?
- On its 990 for the year ended March 31, 2025 it reported revenue of $337,552,115, expenses of $193,891,954 and total assets of $746,351,187 at year end.
Other nonprofits in COLORADO SPGS
- THE NEW HORIZONS FOUNDATION INC EIN 84-1123082 · last filed 990 for 2024
- EL POMAR FOUNDATION EIN 84-6002373 · last filed 990-PF for 2025
- NORWOOD FOUNDATION EIN 01-0705471 · last filed 990-PF for 2024
- WATERSTONE SUPPORT FOUNDATION INC EIN 84-1430063 · last filed 990 for 2025
- COLORADO SPRINGS HEALTH FOUNDATION EIN 46-1076026 · last filed 990 for 2025
- PIKES PEAK COMMUNITY FOUNDATION EIN 84-1339670 · last filed 990 for 2025
- NATIONAL FOUNDATION INC EIN 54-1230512 · last filed 990 for 2025
- WATERSTONE REAL ESTATE FOUNDATION EIN 85-3458068 · last filed 990 for 2025
All nonprofits in COLORADO SPGS · Colorado · Philanthropy, voluntarism and grantmaking foundations