Watermark: Nonprofit Profile, Financials & Form 990 (EIN 77-0460590)

Is it real?

Yes. Never revoked by the IRS. Latest filing we have: FY2020.

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

Who runs it and what they're paid

17 people listed on the 990; $189K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation

Margaretta Northrop

CEO

$189,196Pt VII · Sec A

Mary Ann Bianco-Pfeiffer

Vice Chair/Chair

$0Pt VII · Sec A

Erika Varga McEnroe

Secretary

$0Pt VII · Sec A

Derek Dewinter

Treasurer

$0Pt VII · Sec A

Jessica Aquirre

Director

$0Pt VII · Sec A

Divya Ghatak

Director

$0Pt VII · Sec A

Monica Kumar

Director

$0Pt VII · Sec A

Lori Nishiura Mackenzie

Director

$0Pt VII · Sec A

See Watermark 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 15aYes

Programs and updates

Empowers women to advance into leadership roles and make a significant impact.

Questions for Watermark

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1 program · in their own filed words · FY2020

01

Watermark Offers Education and Community to

1) increase women's capacity to lead more strategically and effectively by offering critical tools, skills, knowledge, and meaningful CONNECTIONS;2) create a collaborative environment that leads to new business opportunities, best practices gleaned from experience, and solutions to business CHALLENGES;3) support corporate initiatives to…

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 77-0460590) · Dispute this line

Pt IX · Ln 25 · col B

By the numbers

The FY2020 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$738K

Ln 12

Fees for servicesLn 2g$640K

Gifts and grantsLn 1h$96K

Other incomeLn 4–11$2K

Money outPt IX

$895K

Ln 25

Owns and owesPt X

$0

net assets · Ln 32

Total assetsLn 16$0

LiabilitiesLn 26$0

PeoplePt VI, VII

17

listed · VII A

PaidVII A1

Voting boardVI 1a13

IndependentVI 1b13

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$96K

Noncash giftsLn 1g$528

Fees for servicesLn 2g$640K

Investment incomeLn 3$44

Other incomeLn 4–11$2K

Total revenueLn 12$738K

Assets in detailPt X, end of year

Total assetsLn 16$0

LiabilitiesLn 26$0

Net assetsLn 32$0

OperationsPt I, VI

EmployeesI 56

VolunteersI 616

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

Line	Start FY20	End FY20
Cash and savingsLn 1–2	$249K	$0
InvestmentsLn 11–13		$0
Land, buildings, equipmentLn 10c	$0	$0
Total assetsLn 16	$972K	$0
LiabilitiesLn 26	$546K	$0
Net assetsLn 32	$427K	$0

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Pay of officers and key staff (Part IX, line 5)Ln 5	$190K
Other salaries and wagesLn 7	$301K
Pension plan contributionsLn 8	$17K
Other employee benefitsLn 9	$34K
Payroll taxesLn 10	$36K
Accounting feesLn 11c	$46K
Professional fundraising feesLn 11e	$35K
Other fees for servicesLn 11g	$164K
Advertising and promotionLn 12	$3K
Office expensesLn 13	$57K
Information technologyLn 14	$13K
TravelLn 17	$4K
Other expenses (24a–d)Ln 24	−$6K
Total functional expensesLn 25	$895K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2020 Latest ViewingFiled with the IRS Nov 15, 2021	$738K	$895K	−$157K	$0	990 PDF

Schedules filed Part IV

I · Grants J · Pay O · Explanations

See the full FY2020 990

Part I · Summary $738,097 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $137,460$96,376

I-9 Program service revenuePrior year $509,082$639,862

I-10 Investment incomePrior year $117$44

I-11 Other revenuePrior year $986$1,815

I-12 Total revenuePrior year $647,645$738,097

I-13 Grants and similar amounts paidPrior year $0$0

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $439,749$578,791

I-16a Professional fundraising feesPrior year $0$35,000

I-17 Other expensesPrior year $435,311$281,674

I-18 Total expensesPrior year $875,060$895,465

I-19 Revenue less expensesPrior year −$227,415−$157,368

Part VI · Governance 13 of 13 board members independent, 3 to look at

VI-1a Voting members of the governing body13

VI-1b Independent voting members13

VI-12a Written conflict of interest policyNo

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-2 Family or business relationship among officers or directorsNo

VI-15a Process for setting top official's payYes

Part VIII · Statement of revenue $738,097 across 8 lines filed

VIII-1b Membership dues$95,848

VIII-1f All other contributions, gifts and grants$528

VIII-1g Noncash contributions (included above)$528

VIII-1h Total contributions, gifts and grants$96,376

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $639,862$639,862

VIII-3 Investment incomeExcluded from tax $44$44

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,815$1,815

VIII-12 Total revenueRelated to mission $641,677 · Unrelated business $0 · Excluded from tax $44$738,097

Part IX · Statement of functional expenses $895,465 across 13 lines filed

IX-5 Pay of officers and key staff (Part IX, line 5)$190,102

IX-7 Other salaries and wages$300,802

IX-8 Pension plan contributions$17,130

IX-9 Other employee benefits$34,328

IX-10 Payroll taxes$36,429

IX-11c Accounting fees$46,143

IX-11e Professional fundraising fees$35,000

IX-11g Other fees for services$164,419

IX-12 Advertising and promotion$3,170

IX-13 Office expenses$57,255

IX-14 Information technology$12,686

IX-17 Travel$4,113

IX-24 Other expenses (24a–d)−$6,112

IX-25 Total functional expenses$895,465

Part X · Balance sheet $0 assets, 20 lines filed

X-1 Cash, non-interest-bearingStart of year $136,307$0

X-2 Savings and temporary cash investmentsStart of year $112,381$0

X-3 Pledges and grants receivable$0

X-4 Accounts receivableStart of year $278,000$0

X-5 Loans to officers and key people$0

X-6 Loans to other insiders$0

X-7 Notes and loans receivable$0

X-8 Inventories for sale or use$0

X-9 Prepaid expenses and deferred chargesStart of year $7,575$0

X-10c Land, buildings and equipment, netStart of year $0$0

X-11 Publicly traded securities$0

X-12 Other securities$0

X-13 Program-related investments$0

X-14 Intangible assets$0

X-15 Other assetsStart of year $438,159$0

X-16 Total assetsStart of year $972,422$0

X-26 Total liabilitiesStart of year $545,722$0

X-27 Net assets without donor restrictionsStart of year $426,700$0

X-32 Total net assets or fund balancesStart of year $426,700$0

X-33 Total liabilities and net assetsStart of year $972,422$0

Part XI · Reconciliation of net assets $0 net assets at year end

XI-1 Total revenue$738,097

XI-2 Total expenses$895,465

XI-3 Revenue less expenses−$157,368

XI-4 Net assets at start of year$426,700

XI-9 Other changes in net assets−$269,332

XI-10 Net assets at end of year$0

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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Watermark

Before you give

Is it real?

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Watermark

Watermark Offers Education and Community to

By the numbers

Filing history

Schedules filed Part IV