The Water Tower Network FY2021 filing

Tax-deductible

Wylie, TX501(c)(3)ReligionEIN 71-0835199Revenue $666K in FY2021

On file with the IRSlonesomedovetexas.comPo Box 99, 75098-3018 · Wylie, TXTax-exempt since Jun 2001Publicly supported charity — 170(b)(1)(A)(vi)

This page gets seen. Tell your story. Claim this org.

The WTN ministers to the overlooked, the less fortunate, and the underdog. It provides a place of healing for abused and neglected children as well as a place of training and restoration for rural pastors.

501(c)(3) charity; gifts are tax-deductible.
92¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $1.4M a year · 65% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
92%
of spending
Looks good: 92% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
10 mo
of spending, in cash
Looks good: 10.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $7K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.3M
29% of total assets
Looks good: liabilities are 29% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$666K
+92% vs prior year
Spent
$583K
To programs
92%
Net assets
$3.2M
By yearFY2020–FY2024
Revenue
$666K
FY2021▲ +92%
Tap a bar for its year
Revenue by fiscal year
FY2020$347K
FY2021$666K
FY2022$8.0M
FY2023$923K
FY2024$1.0M
Expenses
$583K
FY2021▲ +31%
Tap a bar for its year
Expenses by fiscal year
FY2020$443K
FY2021$583K
FY2022$985K
FY2023$873K
FY2024$971K
Net assets
$3.2M
FY2021▲ +7%
Tap a bar for its year
Net assets by fiscal year
FY2020$3.0M
FY2021$3.2M
FY2022$10.3M
FY2023$10.5M
FY2024$10.6M

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

Give Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 2001.

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

Where the money goes

92 cents of each dollar spent went to programs.

Program services 92% · $539K Management & general 8% · $44K

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

Something off? The org can add a note here. Request edit privileges.

Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See The Water Tower Network executive salaries →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Request edit privileges.

Questions the 990 asks

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

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Heals abused children and trains rural pastors for the less fortunate.

Provided by the organization

Know this organization? Claim it to add your story

1 program · $539K · in their own filed words · FY2021
01

The Water Tower Networks purpose is to minister to the overlooked, the less fortunate, and the underdog. It provides a place of healing for abused and neglected children as well as a place of training and restoration for rural pastors.

$539Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 2 funders$7K
Grants paid · 1 grant · $15K · 2024–2024
Unitemized GrantFY2024$15,078

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$666K
Ln 12
Gifts and grantsLn 1h$666K
Money outPt IX
$583K
Ln 25
Programscol B$539K
Managementcol C$44K
Owns and owesPt X
$3.2M
net assets · Ln 32
Cash and savingsLn 1–2$499K
Total assetsLn 16$4.6M
LiabilitiesLn 26$1.3M
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$666K
Total revenueLn 12$666K
Assets in detailPt X, end of year
CashLn 1$499K
Cash and savings togetherLn 1–2$499K
Land, buildings, equipmentLn 10c$4.1M
Total assetsLn 16$4.6M
LiabilitiesLn 26$1.3M
Net assetsLn 32$3.2M
OperationsPt I, VI
EmployeesI 50
VolunteersI 6450
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$401K$499K
Land, buildings, equipmentLn 10c$4.1M$4.1M
Total assetsLn 16$4.5M$4.6M
LiabilitiesLn 26$1.5M$1.3M
Net assetsLn 32$3.0M$3.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$17K$17K
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 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$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$47K$47K
Advertising and promotionLn 12$5K$5K
Office expensesLn 13$6K$4K$2K
Information technologyLn 14$2K$2K
RoyaltiesLn 15$0
OccupancyLn 16$76K$76K
TravelLn 17$7K$6K$1K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$70K$70K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$162K$162K
InsuranceLn 23$30K$30K
Other expenses (24a–d)Ln 24$141K$141K
All other expensesLn 24e$20K$16K$4K
Total functional expensesLn 25$583K$539K$44K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.0M$971K$40K$10.6M 990 PDF
FY2023 $923K$873K$50K$10.5M 990 PDF
FY2022 $8.0M$985K$7.1M$10.3M 990 PDF
FY2021 Viewing $666K$583K$83K$3.2M 990 PDF
FY2020 $347K$443K−$96K$3.0M 990 PDF

Want to add your own materials alongside these filings? Claim this org

Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $665,998 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $342,872$665,998
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenuePrior year $4,627$0
I-12 Total revenuePrior year $347,499$665,998
I-13 Grants and similar amounts paidPrior year $21,750$17,020
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $421,687$565,559
I-18 Total expensesPrior year $443,437$582,579
I-19 Revenue less expensesPrior year −$95,938$83,419
Part VI · Governance 3 of 3 board members independent, 1 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $665,998 across 3 lines filed
VIII-1f All other contributions, gifts and grants$665,998
VIII-1h Total contributions, gifts and grants$665,998
VIII-12 Total revenue$665,998
Part IX · Statement of functional expenses $582,579 across 30 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individualsPrograms $17,020$17,020
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$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 fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $47,417$47,417
IX-12 Advertising and promotionManagement $4,611$4,611
IX-13 Office expensesPrograms $3,775 · Management $2,201$5,976
IX-14 Information technologyManagement $1,926$1,926
IX-15 Royalties$0
IX-16 OccupancyPrograms $75,800$75,800
IX-17 TravelPrograms $5,562 · Management $1,390$6,952
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 InterestPrograms $70,454$70,454
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $161,598$161,598
IX-23 InsuranceManagement $29,889$29,889
IX-24 Other expenses (24a–d)Programs $140,518$140,518
IX-24e All other expensesPrograms $16,424 · Management $3,994$20,418
IX-25 Total functional expensesPrograms $538,568 · Management $44,011 · Fundraising $0$582,579
Part X · Balance sheet $4,589,362 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $401,433$498,650
X-10c Land, buildings and equipment, netStart of year $4,104,510$4,090,712
X-16 Total assetsStart of year $4,505,943$4,589,362
X-26 Total liabilitiesStart of year $1,469,167$1,347,939
X-27 Net assets without donor restrictionsStart of year $3,036,776$3,241,423
X-32 Total net assets or fund balancesStart of year $3,036,776$3,241,423
X-33 Total liabilities and net assetsStart of year $4,505,943$4,589,362
Part XI · Reconciliation of net assets $3,241,423 net assets at year end
XI-1 Total revenue$665,998
XI-2 Total expenses$582,579
XI-3 Revenue less expenses$83,419
XI-4 Net assets at start of year$3,036,776
XI-8 Prior period adjustments$121,228
XI-10 Net assets at end of year$3,241,423

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.
Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.