Nonprofit · EIN 88-3537484
WATERSHED NP INC
Tax-exempt · BUENA VISTA, CO 81211
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $793,143 | $114,656 | $678,487 | $3,923,688 | $2,059,791 | $1,863,897 |
| December 31, 2023 | 990 | $1,130,904 | $34,030 | $1,096,874 | $1,252,082 | $66,672 | $1,185,410 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $537,557
- of which government grants
- $380,994
- Program service revenue
- $253,806
- Investment income
- $1,780
- Net gain from sales of assets
- $1,476
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $34,596
- Occupancy
- $12,085
- Depreciation
- $21,630
- Program services (functional)
- $77,879
- Management and general (functional)
- $36,777
Balance sheet and other
- Total assets, start of year
- $1,252,082
- Total assets, end of year
- $3,923,688
- Total liabilities, end of year
- $2,059,791
- Net assets, end of year
- $1,863,897
- Land, buildings and equipment
- $2,960,336
- Publicly traded securities
- $150,252
- Net assets without donor restrictions
- $1,863,897
- Gross receipts
- $793,143
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2022
- State of legal domicile
- CO
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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KATHRYN WELTER | PRESIDENT & TREASURER Trustee or director, Officer | 15 | $0 |
| RICHARD BIETERMAN | VICE-PRESIDENT & SECRETARY Trustee or director, Officer | 3 | $0 |
| JOHN O'BRIEN | DIRECTOR Trustee or director | 15 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KATHRYN WELTER | PRESIDENT & TREASURER Trustee or director, Officer | 10 | $0 |
| RICHARD BIETERMAN | VICE-PRESIDENT & SECRETARY Trustee or director, Officer | 3 | $0 |
| JOHN O'BRIEN | DIRECTOR Trustee or director | 7.5 | $0 |
Address and contacts
- Address (IRS master file)
- 18840 MOUNTAIN VIEW DR, BUENA VISTA, CO 81211-9604
- In care of
- % KATHRYN L WELTER
- Principal officer (990 for 2024)
- KATHRYN WELTER, 18840 MOUNTAIN VIEW DRIVE, BUENA VISTA, CO 81211
- Signed the 990
- KATHRYN WELTER, PRESIDENT & TREASURER
- Phone
- (719) 398-3317
- Return prepared by
- PLANTE & MORAN PLLC
Mission
TO RESTORE HISTORIC BUILDINGS FOR COMMUNITY BENEFIT.
Program accomplishments
- WE RECEIVED FUNDING FROM THE US ENVIRONMENTA PROTECTION AGENCY FOR THE MCGINNIS GYM PROJECT. ALSO, WATERSHED CONTRACTED WITH THE BUENA VISTA SCHOOL DISTRICT TO DESIGN AND CONSTRUCT AN EARLY CHILDHOOD EDUCATION FACILITY IN THE HISTORIC CHAFFEE COUNTY SHOP BUILDING. IT DESIGNED ARCHITECTURAL AND ENGINEERING PLANS TO ADAPTIVELY REUSE THE SHOP BUILDING AND TO CONSTRUCT A SIX-CLASSROOM ADDITION TO THE SHOP BUILDING.Expenses $77,879 · revenue $253,806
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 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 88-3537484
- 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
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A82)
- Assets (IRS master file)
- $3,923,688
- Income (IRS master file)
- $793,143
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $793,143 | $114,656 | $3,923,688 | XML |
| 990 | December 2023 | $1,130,904 | $34,030 | $1,252,082 | XML |
| 990-EZ | December 2022 | – | – | – | 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 88-3537484).
Questions about WATERSHED NP INC
- What is the EIN of WATERSHED NP INC?
- The employer identification number (EIN) of WATERSHED NP INC is 88-3537484.
- Is WATERSHED NP INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to WATERSHED NP INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does WATERSHED NP 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 WATERSHED NP INC 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 NP INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of WATERSHED NP INC?
- The 990 for the year ended December 31, 2024 names KATHRYN WELTER.
- Who are the officers and directors of WATERSHED NP INC?
- The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does WATERSHED NP INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $793,143, expenses of $114,656 and total assets of $3,923,688 at year end.
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