Civic Intelligence

Watershed

990EZ • Fiscal year 2022 • EIN 71-0920918

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 13, 2023

PO Box 2125Cedar Hill, TX 75106-2125

(972) 291-2878

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

59th percentile

0.00x

Higher debt load relative to assets than 59% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

59th percentile

0.00x

Higher debt load relative to revenue than 59% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

92nd percentile

60%

Higher net margin than 92% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

87th percentile

$27,540

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 13.8% of source-year revenue.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

90th percentile

87%

Faster asset growth than 90% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

70th percentile

43%

Faster revenue growth than 70% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Up

$255,464

Up $118,768 (+87%) from 2021

Net Assets

Up

$255,339

Up $118,643 (+87%) from 2021

Liabilities

Up

$125

Up $125 from 2021

Revenue

Up

$199,072

Up $59,411 (+43%) from 2021

Expenses

Down

$79,093

Down $3,163 (-3.8%) from 2021

Net Income

Up

$119,979

Up $62,574 (+109%) from 2021

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$300K$200K$100K$0Assets 2012: $27,489Liabilities 2012: $0Net Assets 2012: $27,4892012Assets 2013: $72,121Liabilities 2013: $306Net Assets 2013: $71,8152013Assets 2014: $95,461Liabilities 2014: $230Net Assets 2014: $95,2312014Assets 2015: $79,642Liabilities 2015: $230Net Assets 2015: $79,4122015Assets 2016: $84,531Liabilities 2016: $0Net Assets 2016: $84,5312016Assets 2017: $90,749Liabilities 2017: $100Net Assets 2017: $90,6492017Assets 2018: $83,645Liabilities 2018: $0Net Assets 2018: $83,6452018Assets 2019: $44,790Liabilities 2019: $0Net Assets 2019: $44,7902019Assets 2020: $79,633Liabilities 2020: $0Net Assets 2020: $79,6332020Assets 2021: $136,696Liabilities 2021: $0Net Assets 2021: $136,6962021Assets 2022: $255,464Liabilities 2022: $125Net Assets 2022: $255,3392022Assets 2023: $187,319Liabilities 2023: $126Net Assets 2023: $187,1932023Assets 2024: $200,255Liabilities 2024: $265Net Assets 2024: $199,9902024

Highlighted filing

2022

Assets$255,464
Liabilities$125
Net Assets$255,339

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$300K$200K$100K$0-$100KRevenue 2012: $51,042Expenses 2012: $56,602Net Income 2012: -$5,5602012Revenue 2013: $96,027Expenses 2013: $51,393Net Income 2013: $44,6342013Revenue 2014: $95,989Expenses 2014: $72,757Net Income 2014: $23,2322014Revenue 2015: $76,634Expenses 2015: $92,453Net Income 2015: -$15,8192015Revenue 2016: $85,379Expenses 2016: $80,260Net Income 2016: $5,1192016Revenue 2017: $91,646Expenses 2017: $90,679Net Income 2017: $9672017Revenue 2018: $90,211Expenses 2018: $106,788Net Income 2018: -$16,5772018Revenue 2019: $57,570Expenses 2019: $96,425Net Income 2019: -$38,8552019Revenue 2020: $103,218Expenses 2020: $68,375Net Income 2020: $34,8432020Revenue 2021: $139,661Expenses 2021: $82,256Net Income 2021: $57,4052021Revenue 2022: $199,072Expenses 2022: $79,093Net Income 2022: $119,9792022Revenue 2023: $157,719Expenses 2023: $225,193Net Income 2023: -$67,4742023Revenue 2024: $106,766Expenses 2024: $90,909Net Income 2024: $15,8572024

Highlighted filing

2022

Revenue$199,072
Expenses$79,093
Net Income$119,979
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 13, 2023
Return Version
2022v5.0
Gross Receipts
$199,072
Mission and Program Overview

Mission

Training artists from a biblical perspective

Mentoring/Discipling People From a Biblical Perspective.

Program Services

DescriptionGrantsExpenses
Kenya Orphan Ministry Lori Spent 153 days in Kenya discipling and nurturing 9 orphans. Garold spent 137 days in Kenya discipling and nurturing 8 orphans.-$55,107
Teaching Ministry Devoted 15 hours/week in preparation of teachings, devotionals and articles, which were produced in English, German and Czech. Taught classes for one week in Czech Republic.-$8,262
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.-$5,508
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Garold AndersenPres.FT$27,540-$27,540
Lori AndersenV.Pres/Secr.FT$6,040-$6,040
Carol TullarTreas.-$2,592-$2,592
Chris AdkinsBrd.Mbr.-$0--
David MillerBrd.Mbr.-$0--
Cheryl CornelsenBrd.Mbr.-$0--
Steven ShawBrd.Mbr.-$0--
Filing and Contact Details

Filer

Filer Name
Watershed Corp
EIN
71-0920918
Address
PO Box 2125, Cedar Hill, TX 75106-2125

Signing Officer

Name
Carol Tullar
Title
Treasurer
Signed
2023-11-13
Discuss with paid preparer
Yes

Preparer

Firm
Randy Hines Accounting LLC
Address
PO Box 277, Waxahachie, TX 75168-0277
Preparer
Randy Hines
Phone
2143928581
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 16, Other Expenses

Travel 6,194

Form 990-EZ, Part I, Line 16, Other Expenses

Supplies 179

Form 990-EZ, Part I, Line 16, Other Expenses

Kenya Childrens Ministry 32,223

Form 990-EZ, Part I, Line 16, Other Expenses

Bank service charges 3,460

Form 990-EZ, Part I, Line 20, Net Assets

Prior Year Adjustments -1,223

Form 990-EZ, Part II, Line 26, Liabilities

PAYROLL LIABILITIES Beginning of year 113, End of year 125

Raw XML Appendix167 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0CEDAR HILL
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0TX
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd0751049075
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt16040
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Garold Andersen
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1Lori Andersen
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2Carol Tullar
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3Chris Adkins
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4David Miller
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5Cheryl Cornelsen
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6Steven Shaw
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0Pres.
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1V.Pres/Secr.
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Treas.
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Brd.Mbr.
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4Brd.Mbr.
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5Brd.Mbr.
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6Brd.Mbr.
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherChangesInNetAssetsAmt0-1223
IRS990EZ/OtherExpensesTotalAmt042056
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0Mentoring/Discipling People From a Biblical Perspective.
IRS990EZ/PrintingPublicationsPostageAmt0415
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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1Mentoring 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.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt2Teaching Ministry Devoted 15 hours/week in preparation of teachings, devotionals and articles, which were produced in English, German and Czech. Taught classes for one week in Czech Republic.
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IRS990EZ/ProhibitedTaxShelterTransInd0false
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IRS990EZ/SalariesOtherCompEmplBnftAmt034030
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SubjectToProxyTaxInd0false
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IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt0125
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TotalExpensesAmt079093
IRS990EZ/TotalProgramServiceExpensesAmt068877
IRS990EZ/TotalRevenueAmt0199072
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0www.watershedarts.com
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0199072
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0131498
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IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.74820
IRS990ScheduleA/PublicSupportPY170Pct00.85210
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IRS990ScheduleA/SubstantialContributorsTotAmt0146452
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0199072
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0131498
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt057564
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt090211
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0581553
IRS990ScheduleA/TotalSupportAmt0581553
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Travel 6,194
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Supplies 179
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Kenya Childrens Ministry 32,223
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Bank service charges 3,460
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Prior Year Adjustments -1,223
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5PAYROLL LIABILITIES Beginning of year 113, End of year 125
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990-EZ, Part I, Line 20, Net Assets
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990-EZ, Part II, Line 26, Liabilities
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Carol Tullar
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Watershed Corp
ReturnHeader/Filer/BusinessNameControlTxt0WATE
ReturnHeader/Filer/EIN0710920918
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 2125
ReturnHeader/Filer/USAddress/CityNm0Cedar Hill
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd0751062125
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0474829728
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Randy Hines Accounting LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO Box 277
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Waxahachie
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0751680277
ReturnHeader/PreparerPersonGrp/PhoneNum02143928581
ReturnHeader/PreparerPersonGrp/PreparationDt02023-11-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Randy Hines
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02023-11-13T12:06:30-00:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Carol
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Tullar
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.00$0.00$2.00$1.07$0.91$0.16
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.87$0.00$1.87$1.58$2.25$0.67
2022Detailed filing. Detailed filing data is available for this year.$2.55$0.00$2.55$1.99$0.79$1.20
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.37$0.00$1.37$1.40$0.82$0.57
2020Detailed filing. Detailed filing data is available for this year.$0.80$0.00$0.80$1.03$0.68$0.35
2019Detailed filing. Detailed filing data is available for this year.$0.45$0.00$0.45$0.58$0.96$0.39
2018Detailed filing. Detailed filing data is available for this year.$0.84$0.00$0.84$0.90$1.07$0.17
2017Detailed filing. Detailed filing data is available for this year.$0.91$0.00$0.91$0.92$0.91$0.01
2016Detailed filing. Detailed filing data is available for this year.$0.85$0.00$0.85$0.85$0.80$0.05
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.80$0.00$0.79$0.77$0.92$0.16
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.95$0.00$0.95$0.96$0.73$0.23
2013XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.72$0.00$0.72$0.96$0.51$0.45
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.27$0.00$0.27$0.51$0.57$0.06