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Watertown Area Community Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 460350319 ✦ Watertown, SD ✦ Designated as a 501(c)(3)

Overview

What is Watertown Area Community Foundation?

The Watertown Area Community Foundation serves as a vital contributor to Watertown's prosperity, focusing on community development, addressing human service needs, and boosting recreation, education, arts, and culture. By granting funds to suitable nonprofit organizations, it supports charitable, educational, and cultural initiatives within the Watertown community. The foundation's mission is to foster the town's growth and well-being, actively responding to the community's requirements.


Official website here: www.watertowncommunityfoundation.org

Is Watertown Area Community Foundation legitimate?

Watertown Area Community Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Watertown Area Community Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $218,930

For more financial information, click here


Official website here: www.watertowncommunityfoundation.org

What is the mission statement of Watertown Area Community Foundation?

The Watertown Area Community Foundation focuses on strengthening its community by investing in key areas. Its mission involves supporting community priorities, addressing human service needs, and improving recreation, education, arts, and culture. To accomplish this, the foundation grants funds to various nonprofit organizations that contribute to charity, education, and cultural development within the community.


Official website here: www.watertowncommunityfoundation.org

Who is the CEO of Watertown Area Community Foundation?

Scott Olson is the Trustee of Watertown Area Community Foundation.


Official website here: www.watertowncommunityfoundation.org

What is the revenue of Watertown Area Community Foundation?

Watertown Area Community Foundation's revenue in 2022 was $3,535,499.


Official website here: www.watertowncommunityfoundation.org

Who are the executives of Watertown Area Community Foundation and what are their salaries?

The average compensation at Watertown Area Community Foundation during 2022 was $72,977. There are 3 employees at Watertown Area Community Foundation.

Here are 10 key members and their salaries:

    Dr Jeff Danielsen (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Liam Culhane (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Joel Vockrodt (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Julie Ranum (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Scott Olson (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jacob Schaffer (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Tom Beadnell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kristen Henderson (Vice-Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Charlie Ewalt (Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jan Deberg (Exc Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.watertowncommunityfoundation.org

    Where can I find the form 990 for Watertown Area Community Foundation?

    The Watertown Area Community Foundation’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.watertowncommunityfoundation.org

    Learn more at the official website: www.watertowncommunityfoundation.org

    Mission Statement of Watertown Area Community Foundation

    The Watertown Area Community Foundation, as a philanthropic organization, plays a vital role in nurturing the community's future by focusing on key areas such as charity, education, and culture. Its mission is to bolster the vitality of Watertown by addressing community priorities, addressing human service needs, and fostering growth in recreation, education, arts, and culture. The foundation achieves this by providing financial support to various nonprofit organizations operating within the Watertown community, thereby contributing to the betterment of these sectors.

    Impact

    This information is meant to be a general summary of Watertown Area Community Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.




    Saturday, July 20, 2024

    The Watertown Area Community Foundation is making a significant impact in the community by investing in vital initiatives that support community priorities, respond to human service needs, and enhance various areas such as recreation, education, arts, and culture. Through awarding grants to nonprofit organizations that focus on charity, education, and culture in the Watertown community, the foundation is actively contributing to the overall growth and well-being of the area.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $1,304,732
  • Program Service Revenue: $125,022
  • Gross Receipts: $9,400,502

    • Assets and Liabilities:
  • Total Assets: $30,092,700
  • Total Liabilities: $11,395,546
  • Net Assets: $18,697,154
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    INCOME FROM AGENCY FUND

    Revenue

    $109,361

    RENT FROM REAL ESTATE

    Revenue

    $15,661

    Organization Details

    Founding Year

    1979

    Principal Officer

    Scott Olson

    Main Address

    211 E KEMP AVE, WATERTOWN, SD, 57201

    NTEE Category

    Code: T31 - Philanthropy

    If you are a representative of Watertown Area Community Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.