Liabilities / Assets
59th percentile
Higher debt load relative to assets than 59% of similar nonprofits.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.00x
Liabilities / Revenue
60th percentile
Higher debt load relative to revenue than 60% of similar nonprofits.
Net Margin
68th percentile
Higher net margin than 68% of similar nonprofits.
Top Officer Pay
89th percentile
Higher top officer pay than 89% of similar nonprofits.
Top officer pay equals 31.4% of source-year revenue.
Asset Growth
59th percentile
Faster asset growth than 59% of similar nonprofits.
Revenue Growth
18th percentile
Faster revenue growth than 18% of similar nonprofits.
Balance Sheet
Assets
Up$200,255
Up $12,936 (+6.9%) from 2023
Net Assets
Up$199,990
Up $12,797 (+6.8%) from 2023
Liabilities
Up$265
Up $139 (+110%) from 2023
Revenue And Expenses
Revenue
Down$106,766
Down $50,953 (-32%) from 2023
Expenses
Down$90,909
Down $134,284 (-60%) from 2023
Net Income
Up$15,857
Up $83,331 (+124%) from 2023
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2024 to Dec 31, 2024
- Signed
- Oct 27, 2025
- Return Version
- 2024v5.2
- Gross Receipts
- $106,766
Mission and Program Overview
Mission
Training artists from a biblical perspective
Mentoring/Discipling People From a Biblical Perspective.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| a. Kenya Orphan Ministry Lori Spent 189 days in Kenya discipling and nurturing 8 orphans. Garold spent 189 days in Kenya discipling and nurturing 8 orphans. | - | $73,560 |
| b. 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. | - | $3,780 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Garold Andersen | President | FT | $33,540 | - | $33,540 |
| Lori Andersen | Vice Pres/Secretary | FT | $6,920 | - | $6,920 |
| Kathy Meyer | Treasurer | - | $0 | - | - |
| Chris Adkins | Board Member | - | $0 | - | - |
| David Miller | Board Member | - | $0 | - | - |
| Steven Shaw | Board 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
- 2025-10-27
- 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 15,153”
Form 990-EZ, Part I, Line 16, Other Expenses
“Telephone 237”
Form 990-EZ, Part I, Line 16, Other Expenses
“Depreciation 1,180”
Form 990-EZ, Part I, Line 16, Other Expenses
“Kenya Childrens Ministry - food, clothing, medical expenses 10,300”
Form 990-EZ, Part I, Line 16, Other Expenses
“Kenya Childrens Ministry - occupancy expenses 6,896”
Form 990-EZ, Part I, Line 16, Other Expenses
“Kenya Childrens Ministry - education expenses 7,485”
Form 990-EZ, Part I, Line 16, Other Expenses
“Kenya Childrens Ministry - activities, projects special occasions 1,564”
Form 990-EZ, Part I, Line 16, Other Expenses
“Bank and merchant service fees 2,960”
Form 990-EZ, Part I, Line 16, Other Expenses
“Office Expenses 70”
Form 990-EZ, Part I, Line 20, Net Assets
“Prior year accounting adjustments -3,060”
Form 990-EZ, Part II, Line 24, Other Assets
“FIXED ASSETS NET OF DEPRECIATION Beginning of year 0, End of year 10,621”
Form 990-EZ, Part II, Line 26, Liabilities
“PAYROLL LIABILITIES Beginning of year 126, End of year 265”
Raw XML Appendix169 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/PersonNm | 0 | CAROL TULLAR |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 9722912878 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 524 OLYMPUS STREET |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | CEDAR HILL |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | TX |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 751049075 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 187319 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 189634 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 106766 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | 15857 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 3216 |
| IRS990EZ/FiledScheduleAInd | 0 | true |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 187319 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 200255 |
| IRS990EZ/GrossReceiptsAmt | 0 | 106766 |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/LobbyingActivitiesInd | 0 | false |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 187193 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 199990 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 187193 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 199990 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 040.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 040.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 003.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 000.10 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 4 | 000.10 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 5 | 000.10 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 33540 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 6920 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 5 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | Garold Andersen |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | Lori Andersen |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | Kathy Meyer |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | Chris Adkins |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 4 | David Miller |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 5 | Steven Shaw |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | President |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | Vice Pres/Secretary |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | Treasurer |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | Board Member |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 4 | Board Member |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 5 | Board Member |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 10621 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | -3060 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 45845 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | Mentoring/Discipling People From a Biblical Perspective. |
| IRS990EZ/PrintingPublicationsPostageAmt | 0 | 482 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | a. Kenya Orphan Ministry Lori Spent 189 days in Kenya discipling and nurturing 8 orphans. Garold spent 189 days in Kenya discipling and nurturing 8 orphans. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 1 | b. 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. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 73560 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 1 | 3780 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/SalariesOtherCompEmplBnftAmt | 0 | 41366 |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 126 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 265 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TaxImposedUnderIRC4911Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4912Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4955Amt | 0 | 0 |
| IRS990EZ/TotalExpensesAmt | 0 | 90909 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 77340 |
| IRS990EZ/TotalRevenueAmt | 0 | 106766 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | www.watershedarts.com |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 106766 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 157719 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 199072 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 138410 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 103208 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 705175 |
| IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt | 0 | 16 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 0.70770 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 0.71280 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 499054 |
| IRS990ScheduleA/SubstantialContributorsTotAmt | 0 | 206121 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 106766 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 157719 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 199072 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 138410 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 103208 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 705175 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 705175 |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | Travel 15,153 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | Telephone 237 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | Depreciation 1,180 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | Kenya Childrens Ministry - food, clothing, medical expenses 10,300 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | Kenya Childrens Ministry - occupancy expenses 6,896 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | Kenya Childrens Ministry - education expenses 7,485 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | Kenya Childrens Ministry - activities, projects special occasions 1,564 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | Bank and merchant service fees 2,960 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 8 | Office Expenses 70 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 9 | PRIOR YEAR ACCOUNTING ADJUSTMENTS -3,060 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 10 | FIXED ASSETS NET OF DEPRECIATION Beginning of year 0, End of year 10,621 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 11 | PAYROLL LIABILITIES Beginning of year 126, End of year 265 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Form 990-EZ, Part I, Line 16, Other Expenses |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Form 990-EZ, Part I, Line 16, Other Expenses |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Form 990-EZ, Part I, Line 16, Other Expenses |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Form 990-EZ, Part I, Line 16, Other Expenses |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Form 990-EZ, Part I, Line 16, Other Expenses |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | Form 990-EZ, Part I, Line 16, Other Expenses |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | Form 990-EZ, Part I, Line 16, Other Expenses |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 7 | Form 990-EZ, Part I, Line 16, Other Expenses |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 8 | Form 990-EZ, Part I, Line 16, Other Expenses |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 9 | Form 990-EZ, Part I, Line 20, Net Assets |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 10 | Form 990-EZ, Part II, Line 24, Other Assets |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 11 | Form 990-EZ, Part II, Line 26, Liabilities |
| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | Lori Andersen |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | Vice President |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-10-27 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | Watershed Corp |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | WATE |
| ReturnHeader/Filer/EIN | 0 | 710920918 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | PO Box 2125 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | Cedar Hill |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | TX |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 751062125 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | true |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 474829728 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | Randy Hines Accounting LLC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | PO Box 277 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | Waxahachie |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | TX |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 751680277 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 2143928581 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2025-10-27 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | Randy Hines |
| ReturnHeader/PreparerPersonGrp/SelfEmployedInd | 0 | X |
| ReturnHeader/ReturnTs | 0 | 2025-10-31T10:32:28-00:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2024-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2024-12-31 |
| ReturnHeader/TaxYr | 0 | 2024 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $200,255
- Liabilities
- $265
- Net assets
- $199,990
- Revenue
- $106,766
- Expenses
- $90,909
- Net income
- $15,857
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