Deeper Waters INC

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Religious, focusing on the youth

Form 990 Part I, line 1, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 43-1719504) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
25¢ of each $1 spent went to programs.
Run by 10 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
2 of 6
filings with a surplus
Average deficit $9K a year · 21% of revenue · last 6 filings
A surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
25%
of spending
25% of spending went to programs.
Pt IX · Ln 25 · col B
2.2 mo
of spending, in cash
Plus $322K in investments, Pt X · Ln 11–13
2.2 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$2K
0.6% of total assets
Liabilities are 0.6% of assets.
Pt X · Ln 26
Independent board members
5
of 5 voting members
5 of 5 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$35K
-38% vs prior year
Spent
$60K
To programs
25%
Net assets
$343K
By yearFY2019–FY2024
Revenue
$35K
FY2024▼ -38%
Tap a bar for its year
Revenue by fiscal year
FY2019$27K
FY2020$28K
FY2021$52K
FY2022$41K
FY2023$57K
FY2024$35K
Expenses
$60K
FY2024▲ +10%
Tap a bar for its year
Expenses by fiscal year
FY2019$21K
FY2020$47K
FY2021$61K
FY2022$48K
FY2023$55K
FY2024$60K
Net assets
$343K
FY2024▼ -7%
Tap a bar for its year
Net assets by fiscal year
FY2019$397K
FY2020$377K
FY2021$369K
FY2022$365K
FY2023$368K
FY2024$343K

From the FY2024 Form 990 · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 1996.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

25 cents of each dollar spent went to programs.

Program services 25% · $15K Management & general 75% · $45K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Deeper Waters INC executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Inspires young people through faith-based programs and activities.

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3 programs · $15K · in their own filed words · FY2024
01

Missions and outreach

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 43-1719504) · Dispute this line
$9Kprogram expense
02

Ministering the gospel locally and out of town

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 43-1719504) · Dispute this line
$6Kprogram expense
03

Leadership development

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 43-1719504) · Dispute this line
Pt IX · Ln 25 · col B

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$35K
Ln 12
Gifts and grantsLn 1h$35K
Other incomeLn 4–11$142
Money outPt IX
$60K
Ln 25
Programscol B$15K
Managementcol C$45K
Owns and owesPt X
$343K
net assets · Ln 32
Cash and savingsLn 1–2$11K
Total assetsLn 16$345K
LiabilitiesLn 26$2K
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$35K
Other incomeLn 4–11$142
Gains on assetsLn 7$0
Total revenueLn 12$35K
Assets in detailPt X, end of year
CashLn 1$11K
Cash and savings togetherLn 1–2$11K
Notes and loans receivableLn 7$10K
Land, buildings, equipmentLn 10c$2K
InvestmentsLn 11–13$322K
Total assetsLn 16$345K
LiabilitiesLn 26$2K
Net assetsLn 32$343K
OperationsPt I, VI
EmployeesI 50
VolunteersI 610
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$14K$11K
InvestmentsLn 11–13$322K$322K
Land, buildings, equipmentLn 10c$141K$2K
Total assetsLn 16$476K$345K
LiabilitiesLn 26$109K$2K
Net assetsLn 32$368K$343K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of officers and key staff (Part IX, line 5)Ln 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$3K$3K
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$8K$8K
Advertising and promotionLn 12$769$769
Office expensesLn 13$2K$2K
Information technologyLn 14$1K$1K
RoyaltiesLn 15$0
OccupancyLn 16$2K$2K
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$0
Other expenses (24a–d)Ln 24$44K$6K$38K
All other expensesLn 24e$143$143
Total functional expensesLn 25$60K$15K$45K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS Nov 14, 2025 $35K$60K−$25K$343K 990 PDF
FY2023Filed with the IRS May 13, 2024 $57K$55K$2K$368K 990 PDF
FY2022Filed with the IRS Jun 12, 2023 $41K$48K−$7K$365K 990 PDF
FY2021Filed with the IRS Nov 9, 2022 $52K$61K−$8K$369K 990 PDF
FY2020Filed with the IRS Jun 23, 2022 $28K$47K−$19K$377K 990 PDF
FY2019Filed with the IRS Jun 23, 2022 $27K$21K$6K$397K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2024 990
Part I · Summary $35,211 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $54,465$35,069
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenuePrior year $2,580$142
I-12 Total revenuePrior year $57,045$35,211
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $54,650$60,246
I-18 Total expensesPrior year $54,650$60,246
I-19 Revenue less expensesPrior year $2,395−$25,035
Part VI · Governance 5 of 5 board members independent, 4 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $35,211 across 8 lines filed
Lines not itemized here account for $142 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$35,069
VIII-1h Total contributions, gifts and grants$35,069
VIII-3 Investment income$0
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $142$35,211
Part IX · Statement of functional expenses $60,246 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of officers and key staff (Part IX, line 5)$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal feesManagement $2,543$2,543
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $8,374$8,374
IX-12 Advertising and promotionManagement $769$769
IX-13 Office expensesManagement $1,793$1,793
IX-14 Information technologyPrograms $1,096$1,096
IX-15 Royalties$0
IX-16 OccupancyManagement $1,688$1,688
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 Insurance$0
IX-24 Other expenses (24a–d)Programs $5,752 · Management $38,088$43,840
IX-24e All other expensesManagement $143$143
IX-25 Total functional expensesPrograms $15,222 · Management $45,024 · Fundraising $0$60,246
Part X · Balance sheet $344,848 assets, 22 lines filed
X-1 Cash, non-interest-bearingStart of year $13,590$11,103
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-5 Loans to officers and key people$0
X-6 Loans to other insiders$0
X-7 Notes and loans receivable$9,620
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, netStart of year $141,062$2,450
X-11 Publicly traded securities$0
X-12 Other securitiesStart of year $321,675$321,675
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $476,327$344,848
X-17 Accounts payable and accrued expensesStart of year $3,170$2,105
X-25 Other liabilitiesStart of year $3$4
X-26 Total liabilitiesStart of year $108,553$2,109
X-31 Retained earnings or endowmentStart of year $367,774$342,739
X-32 Total net assets or fund balancesStart of year $367,774$342,739
X-33 Total liabilities and net assetsStart of year $476,327$344,848
Part XI · Reconciliation of net assets $342,739 net assets at year end
XI-1 Total revenue$35,211
XI-2 Total expenses$60,246
XI-3 Revenue less expenses−$25,035
XI-4 Net assets at start of year$367,774
XI-10 Net assets at end of year$342,739

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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