Civic Intelligence

Watershed

990EZ • Fiscal year 2023 • EIN 71-0920918

Jan 01, 2023 to Dec 31, 2023 • Filed on Sep 11, 2024

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

60th percentile

0.00x

Higher debt load relative to assets than 60% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

60th percentile

0.00x

Higher debt load relative to revenue than 60% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

12th percentile

-43%

Higher net margin than 12% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

87th percentile

$27,540

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 17.5% of source-year revenue.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

19th percentile

-27%

Faster asset growth than 19% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

24th percentile

-21%

Faster revenue growth than 24% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Down

$187,319

Down $68,145 (-27%) from 2022

Net Assets

Down

$187,193

Down $68,146 (-27%) from 2022

Liabilities

Up

$126

Up $1 (+0.8%) from 2022

Revenue

Down

$157,719

Down $41,353 (-21%) from 2022

Expenses

Up

$225,193

Up $146,100 (+185%) from 2022

Net Income

Down

-$67,474

Down $187,453 (-156%) from 2022

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

2023

Assets$187,319
Liabilities$126
Net Assets$187,193

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

2023

Revenue$157,719
Expenses$225,193
Net Income-$67,474
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Sep 11, 2024
Return Version
2023v5.1
Gross Receipts
$157,719
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 208 days in Kenya discipling and nurturing 8 orphans. Garold spent 208 days in Kenya discipling and nurturing 8 orphans.-$208,581
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.-$3,305
Teaching Ministry Devoted 10 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.-$2,203
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Garold AndersenPresidentFT$27,540-$27,540
Lori AndersenVice Pres/SecretaryFT$6,560-$6,560
Carol TullarTreasurer-$2,592-$2,592
Chris AdkinsBoard Member-$0--
David MillerBoard Member-$0--
Steven ShawBoard Member-$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
Lori Andersen
Title
Vice President
Signed
2024-09-11
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 17,850

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

Supplies 464

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

Kenya Childrens Ministry - food, clothing, medical expenses 6,882

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

Kenya Childrens Ministry - occupancy expenses 7,479

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

Kenya Childrens Ministry - education expenses 8,190

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

Kenya Childrens Ministry - home construction project 142,617

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

Bank and merchant service fees 3,841

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

Miscellaneous Expenses 279

Form 990-EZ, Part II, Line 24, Other Assets

Kenya Childrens Home Project Construction in Process Beginning of year 85,303, End of year 0

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

PAYROLL LIABILITIES Beginning of year 125, End of year 126

Raw XML Appendix166 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/PhoneNum09722912878
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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0CEDAR HILL
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0TX
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd0751049075
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt0169489
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt0187319
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt0157719
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-67474
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt02592
IRS990EZ/FiledScheduleAInd0true
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IRS990EZ/GrossReceiptsAmt0157719
IRS990EZ/InfoInScheduleOPartIIInd0X
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IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0254667
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IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0254667
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0187193
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt0040.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt1040.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt2003.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt3000.10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt4000.10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt5000.10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt027540
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt16560
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt22592
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Garold Andersen
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1Lori Andersen
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2Carol Tullar
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3Chris Adkins
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4David Miller
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5Steven Shaw
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Vice Pres/Secretary
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Treasurer
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Board Member
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4Board Member
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5Board Member
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt085303
IRS990EZ/OtherExpensesTotalAmt0187602
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0Mentoring/Discipling People From a Biblical Perspective.
IRS990EZ/PrintingPublicationsPostageAmt0398
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Kenya Orphan Ministry Lori Spent 208 days in Kenya discipling and nurturing 8 orphans. Garold spent 208 days in Kenya discipling and nurturing 8 orphans.
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 10 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.
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt0208581
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt13305
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt22203
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SalariesOtherCompEmplBnftAmt034601
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt0125
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt0126
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TotalExpensesAmt0225193
IRS990EZ/TotalProgramServiceExpensesAmt0214089
IRS990EZ/TotalRevenueAmt0157719
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0www.watershedarts.com
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0157719
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0199072
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0131410
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0103208
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt057564
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0648973
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt022
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.71280
IRS990ScheduleA/PublicSupportPY170Pct00.74820
IRS990ScheduleA/PublicSupportTotal170Amt0462572
IRS990ScheduleA/SubstantialContributorsTotAmt0186401
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0157719
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0199072
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0131410
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0103208
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt057564
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0648973
IRS990ScheduleA/TotalSupportAmt0648973
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 17,850
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Supplies 464
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Kenya Childrens Ministry - food, clothing, medical expenses 6,882
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Kenya Childrens Ministry - occupancy expenses 7,479
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Kenya Childrens Ministry - education expenses 8,190
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Kenya Childrens Ministry - home construction project 142,617
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Bank and merchant service fees 3,841
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Miscellaneous Expenses 279
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Kenya Childrens Home Project Construction in Process Beginning of year 85,303, End of year 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9PAYROLL LIABILITIES Beginning of year 125, End of year 126
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 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990-EZ, Part II, Line 24, Other Assets
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990-EZ, Part II, Line 26, Liabilities
ReturnHeader/BuildTS02024-08-08 14:25:15Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Lori Andersen
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Vice President
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-09-11
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/IRSResponsiblePrtyInfoCurrInd0true
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/PreparationDt02024-09-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Randy Hines
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02024-09-11T11:10:23-00:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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
2023Detailed filing. Detailed filing data is available for this year.$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