Nonprofit · EIN 85-0466068
WATERSHEDS FOUNDATION
Tax-exempt · SANTA FE, NM 87505
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $373,519 | $488,039 | -$114,520 | $6,038,848 | $0 | $6,038,848 |
| December 31, 2024 | 990-PF | $128,053 | $343,651 | -$215,598 | $5,605,487 | $0 | $5,605,487 |
| December 31, 2023 | 990-PF (amended) | $620,184 | $330,532 | $289,652 | $5,630,335 | $0 | $5,630,335 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $350,000
- Dividends
- $96,067
- Interest
- $600
- Net gain from sales of assets
- -$73,148
Expenses
- Grants and similar amounts paid
- $445,000
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $445,000
- Excise tax on investment income
- $1,344
Balance sheet and other
- Total assets, start of year
- $5,605,487
- Total assets, end of year
- $6,038,848
- Total liabilities, end of year
- $0
- Net assets, end of year
- $6,038,848
- Fair market value of assets
- $6,038,848
- Qualifying distributions
- $445,000
- Net investment income
- $96,667
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-PF for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAVID W DOUGLAS 302 E CORONADO RD, SANTA FE, NM 87505 | PRESIDENT | 3 | $0 |
| DEBORAH S DOUGLAS 302 E CORONADO RD, SANTA FE, NM 87505 | RECORDING SECRETARY | 2 | $0 |
| REV SARA ARMSTRONG 47 BARTLETT MESA RD, RATON, NM 87740 | DIRECTOR | 1 | $0 |
| RUSTY EDMONDSON 47 BARTLETT MESA RD, RATON, NM 87740 | DIRECTOR | 1 | $0 |
| REV JIM BROWN 47 ALONDRA RD, SANTA FE, NM 87508 | DIRECTOR | 1 | $0 |
| NINA BROWN 47 ALONDRA RD, SANTA FE, NM 87508 | DIRECTOR | 1 | $0 |
| IVAN CORNEJO 1004 VELARDE RD, SANTA FE, NM 87507 | DIRECTOR | 1 | $0 |
| JUDY CRAWFORD 819 COLONITAS CAMPESTRES, SANTA FE, NM 87501 | DIRECTOR | 1 | $0 |
| DAVE DELGADO 5 TECOLOTE CIR, SANTA FE, NM 87506 | DIRECTOR | 1 | $0 |
| KRISTA PETERSON 4353 SANTO DOMINGO ST UNIT A, SANTA FE, NM 87507 | DIRECTOR | 1 | $0 |
| OWEN VAN ESSEN 409 LOS ALTOS WAY, SANTA FE, NM 87501 | DIRECTOR | 1 | $0 |
| TIM VELLINGA 43 CERRO BLANCO RD, LAMY, NM 87540 | DIRECTOR | 1 | $0 |
990-PF for the year ended December 31, 2024: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAVID W DOUGLAS 302 E CORONADO RD, SANTA FE, NM 87505 | PRESIDENT | 3 | $0 |
| DEBORAH S DOUGLAS 302 E CORONADO RD, SANTA FE, NM 87505 | RECORDING SECRETARY | 2 | $0 |
| RUSTY EDMONSON 47 BARTLETT MESA RD, RATON, NM 87740 | DIRECTOR | 1 | $0 |
| REV SARA ARMSTRONG 47 BARTLETT MESA RD, RATON, NM 87740 | DIRECTOR | 1 | $0 |
| REV JIM BROWN 47 ALONDRA RD, SANTA FE, NM 87508 | DIRECTOR | 1 | $0 |
| NINA BROWN 47 ALONDRA RD, SANTA FE, NM 87508 | DIRECTOR | 1 | $0 |
| JUDY CRAWFORD 819 COLONITAS CAMPESTRES, SANTA FE, NM 87501 | DIRECTOR | 1 | $0 |
| DAVE DELGADO 5 TECOLOTE CIR, SANTA FE, NM 87506 | DIRECTOR | 1 | $0 |
| KRISTA PETERSON 4353 SANTO DOMINGO ST UNIT A, SANTA FE, NM 87507 | DIRECTOR | 1 | $0 |
| OWEN VAN ESSEN 409 LOS ALTOS WAY, SANTA FE, NM 87501 | DIRECTOR | 1 | $0 |
| IVAN CORNEJO 1004 VELARDE RD, SANTA FE, NM 87507 | DIRECTOR | 1 | $0 |
990-PF for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAVID W DOUGLAS 302 EAST CORONADO ROAD, SANTA FE, NM 87505 | PRESIDENT | 3 | $0 |
| DEBORAH S DOUGLAS 302 EAST CORONADO ROAD, SANTA FE, NM 87505 | RECORDING SECRETARY | 2 | $0 |
| RUSTY EDMONDSON 47 BARTLETT MESA RD, RATON, NM 87740 | DIRECTOR | 1 | $0 |
| REV SARA ARMSTRONG 47 BARTLETT MESA RD, RATON, NM 87740 | DIRECTOR | 1 | $0 |
| REV JIM BROWN 47 ALONDRA ROAD, SANTA FE, NM 87508 | DIRECTOR | 1 | $0 |
| NINA BROWN 47 ALONDRA ROAD, SANTA FE, NM 87508 | DIRECTOR | 1 | $0 |
| JUDY CRAWFORD 819 COLONITAS CAMPESTRES, SANTA FE, NM 87501 | DIRECTOR | 1 | $0 |
| DAVE DELGADO 5 TECOLOTE CIR, SANTA FE, NM 87506 | DIRECTOR | 1 | $0 |
| KRISTA PETERSON 4353 SANTO DOMINGO ST UNIT A, SANTA FE, NM 87507 | DIRECTOR | 1 | $0 |
| OWEN VAN ESSEN 409 LOS ALTOS WAY, SANTA FE, NM 87501 | DIRECTOR | 1 | $0 |
| IVAN CORNEJO 1004 VELARDE RD, SANTA FE, NM 87507 | DIRECTOR | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 302 E CORONADO RD, SANTA FE, NM 87505-2606
- In care of
- % DAVID DOUGLAS
- Signed the 990-PF
- DAVID W DOUGLAS, PRESIDENT
- Phone
- (505) 577-0120
- Return prepared by
- LANE & COMPANY CPAS
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. 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 | 990-PF on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 85-0466068
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2000
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $6,038,848
- Income (IRS master file)
- $649,728
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $373,519 | $488,039 | $6,038,848 | XML |
| 990-PF | December 2024 | $128,053 | $343,651 | $5,605,487 | XML |
| 990-PF | December 2023 | $620,184 | $330,532 | $5,630,335 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | 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 85-0466068).
Questions about WATERSHEDS FOUNDATION
- What is the EIN of WATERSHEDS FOUNDATION?
- The employer identification number (EIN) of WATERSHEDS FOUNDATION is 85-0466068.
- Is WATERSHEDS FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2000.
- Are donations to WATERSHEDS FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does WATERSHEDS FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of WATERSHEDS FOUNDATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did WATERSHEDS FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2025.
- Who are the officers and directors of WATERSHEDS FOUNDATION?
- The 990-PF for the year ended December 31, 2025 lists 12 people; 0 received compensation from the organization.
- How much revenue does WATERSHEDS FOUNDATION have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $373,519, expenses of $488,039 and total assets of $6,038,848 at year end.
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