The Water Tower Network FY2022 filing

Tax-deductible

Wylie, TX501(c)(3)ReligionEIN 71-0835199

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.
96¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · 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
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
22 mo
of spending, in cash
Looks good: 21.5 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
11% of total assets
Looks good: liabilities are 11% 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
$8.0M
×12 vs prior year
Spent
$985K
To programs
96%
Net assets
$10.3M
By yearFY2020–FY2024
Revenue
$8.0M
FY2022▲ ×12
Revenue by fiscal year
FY2020$347K
FY2021$666K
FY2022$8.0M
FY2023$923K
FY2024$1.0M
Expenses
$985K
FY2022▲ +69%
Expenses by fiscal year
FY2020$443K
FY2021$583K
FY2022$985K
FY2023$873K
FY2024$971K
Net assets
$10.3M
FY2022▲ +218%
Net assets by fiscal year
FY2020$3.0M
FY2021$3.2M
FY2022$10.3M
FY2023$10.5M
FY2024$10.6M

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 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

96 cents of each dollar spent went to programs.

Program services 96% · $946K Management & general 4% · $39K

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

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 →

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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

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1 program service account for $946K of program spending, described in the organization's own filed words · FY2022.
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.

$946Kprogram expense

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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 FY2022 990, line by line.

1The main four
Money inPt VIII
$8.0M
Ln 12
Gifts and grantsLn 1h$8.0M
Investment incomeLn 3$5K
Money outPt IX
$985K
Ln 25
Programscol B$946K
Managementcol C$39K
Owns and owesPt X
$10.3M
net assets · Ln 32
Cash and savingsLn 1–2$1.8M
Total assetsLn 16$11.6M
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$8.0M
Noncash giftsLn 1g$6.0M
Investment incomeLn 3$5K
Total revenueLn 12$8.0M
Assets in detailPt X, end of year
CashLn 1$261K
SavingsLn 2$1.5M
Cash and savings togetherLn 1–2$1.8M
Land, buildings, equipmentLn 10c$9.8M
Total assetsLn 16$11.6M
LiabilitiesLn 26$1.3M
Net assetsLn 32$10.3M
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 FY22End FY22
Cash and savingsLn 1–2$499K$1.8M
Land, buildings, equipmentLn 10c$4.1M$9.8M
Total assetsLn 16$4.6M$11.6M
LiabilitiesLn 26$1.3M$1.3M
Net assetsLn 32$3.2M$10.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$21K$21K
Grants to domestic individualsLn 2$1K$1K
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$2K$2K
Lobbying feesLn 11d$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$91K$68K$23K
Advertising and promotionLn 12$0
Office expensesLn 13$6K$5K$928
Information technologyLn 14$775$775
RoyaltiesLn 15$0
OccupancyLn 16$99K$99K
TravelLn 17$5K$4K$1K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$178K$178K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$343K$343K
InsuranceLn 23$29K$25K$4K
Other expenses (24a–d)Ln 24$184K$184K
All other expensesLn 24e$25K$18K$6K
Total functional expensesLn 25$985K$946K$39K$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 Viewing $8.0M$985K$7.1M$10.3M 990 PDF
FY2021 $666K$583K$83K$3.2M 990 PDF
FY2020 $347K$443K−$96K$3.0M 990 PDF

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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 FY2022 990 (4 parts)
Part VIII · Statement of revenue $8,048,246 across 5 lines filed
VIII-1f All other contributions, gifts and grants$8,043,008
VIII-1g Noncash contributions (included above)$5,978,095
VIII-1h Total contributions, gifts and grants$8,043,008
VIII-3 Investment incomeExcluded from tax $5,238$5,238
VIII-12 Total revenueExcluded from tax $5,238$8,048,246
Part IX · Statement of functional expenses $985,191 across 30 lines filed
IX-1 Grants to domestic organizationsPrograms $20,980$20,980
IX-2 Grants to domestic individualsPrograms $1,000$1,000
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 feesManagement $2,500$2,500
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $68,016 · Management $23,037$91,053
IX-12 Advertising and promotion$0
IX-13 Office expensesPrograms $5,367 · Management $928$6,295
IX-14 Information technologyManagement $775$775
IX-15 Royalties$0
IX-16 OccupancyPrograms $98,679$98,679
IX-17 TravelPrograms $4,055 · Management $1,014$5,069
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 InterestPrograms $178,321$178,321
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $343,093$343,093
IX-23 InsurancePrograms $24,986 · Management $4,409$29,395
IX-24 Other expenses (24a–d)Programs $183,512$183,512
IX-24e All other expensesPrograms $18,241 · Management $6,278$24,519
IX-25 Total functional expensesPrograms $946,250 · Management $38,941 · Fundraising $0$985,191
Part X · Balance sheet $11,594,356 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $86,239$261,201
X-2 Savings and temporary cash investmentsStart of year $412,411$1,505,238
X-10c Land, buildings and equipment, netStart of year $4,090,712$9,827,917
X-16 Total assetsStart of year $4,589,362$11,594,356
X-26 Total liabilitiesStart of year $1,347,939$1,289,878
X-27 Net assets without donor restrictionsStart of year $3,241,423$10,304,478
X-32 Total net assets or fund balancesStart of year $3,241,423$10,304,478
X-33 Total liabilities and net assetsStart of year $4,589,362$11,594,356
Part XI · Reconciliation of net assets $10,304,478 net assets at year end
XI-1 Total revenue$8,048,246
XI-2 Total expenses$985,191
XI-3 Revenue less expenses$7,063,055
XI-4 Net assets at start of year$3,241,423
XI-10 Net assets at end of year$10,304,478

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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