Watermark

Saratoga, CAUnknown exempt organization EIN 94-3373788Revenue $174K in FY2022Latest return filed Nov 6, 2023

On file with the IRSupwardwomen.orgSaratoga, CA

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Our mission is to increase representation of women in leadership roles by empowering them to make their mark in and for their companies, their careers and their communities.

37¢ of each $1 spent went to programs.
Run by 16 volunteers and 4 employees.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2022
latest Form 990
Worth a look: the latest return is for FY2022, 4 tax years back; more than 3 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 3
filings with a surplus
Average deficit $153K a year · 11% of revenue · last 3 filings
Fine: a surplus in 2 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
37%
of spending
Concern: 37% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$30K
to officers and key staff · 62% of spending
Concern: pay to officers and key staff is 62% of spending; over 30%.
Pt VII · Sec A
Named funders
1
named funder · $18K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$174K
-80% vs prior year
Spent
$49K
To programs
37%
Net assets
$0
By yearFY2020–FY2022
Revenue
$174K
FY2022▼ -80%
Tap a bar for its year
Revenue by fiscal year
FY2020$3.1M
FY2021$869K
FY2022$174K
Expenses
$49K
FY2022▼ -97%
Tap a bar for its year
Expenses by fiscal year
FY2020$3.0M
FY2021$1.6M
FY2022$49K
Net assets
$0
FY2022▼ -100%
Tap a bar for its year
Net assets by fiscal year
FY2020$773K
FY2021$35K
FY2022$0

From the FY2022 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2022.

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

Where the money goes

37 cents of each dollar spent went to programs.

Program services 37% · $18K Management & general 17% · $8K Fundraising 45% · $22K

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

14 people listed on the 990; $30K paid to officers and key staff.

Part VII, Section A · reportable compensation
CEO (1/1-2/22/22)
$30,090Pt VII · Sec A
Secretary (1/1-2/22/22)
$0Pt VII · Sec A
Treasurer (1/1-2/22/22)
$0Pt VII · Sec A
Director (1/1-2/22/22)
$0Pt VII · Sec A
Director (1/1-2/22/22)
$0Pt VII · Sec A
Director (1/1-2/22/22)
$0Pt VII · Sec A
Director (1/1-2/22/22)
$0Pt VII · Sec A
Chairman (1/1-2/22/22)
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2022FY2021
Margaretta Northrop$30,090$248,952

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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 15aNo

Programs and updates

Empowers women to advance into leadership roles, making their mark in companies, careers, and communities.

Questions for Watermark

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1 program · $18K · in their own filed words · FY2022
01

Watermark is a community of ambitious women focused on connecting, learning, and leading with empathy. Through workshops, conferences, and forums, we support women's advancement and advocate for more diverse and inclusive WORKPLACES.ON february 18, 2022 watermark merged with upward (uniting professional women accelerating relationships…

$18Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2020
AARPFY2020$18K
Total grants receivedfrom 1 funder$18K

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$174K
Ln 12
Gifts and grantsLn 1h$158K
Other incomeLn 4–11$12K
Fees for servicesLn 2g$4K
Money outPt IX
$49K
Ln 25
Programscol B$18K
Managementcol C$8K
Fundraisingcol D$22K
Owns and owesPt X
$0
net assets · Ln 32
Total assetsLn 16$0
LiabilitiesLn 26$0
PeoplePt VI, VII
14
listed · VII A
PaidVII A1
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$158K
Fees for servicesLn 2g$4K
Other incomeLn 4–11$12K
Gains on assetsLn 7−$17K
Total revenueLn 12$174K
Assets in detailPt X, end of year
Total assetsLn 16$0
LiabilitiesLn 26$0
Net assetsLn 32$0
OperationsPt I, VI
EmployeesI 54
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
LineStart FY22End FY22
Cash and savingsLn 1–2$242K$0
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$17K$0
Total assetsLn 16$288K$0
LiabilitiesLn 26$253K$0
Net assetsLn 32$35K$0
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$15K$8K$4K$4K
Other salaries and wagesLn 7$7K$4K$2K$2K
Pension plan contributionsLn 8$2K$808$404$404
Other employee benefitsLn 9$3K$1K$701$701
Payroll taxesLn 10$2K$1K$616$616
Accounting feesLn 11c$3K$3K
Other fees for servicesLn 11g$12K$587$294$11K
Office expensesLn 13$2K$1K$506$506
Information technologyLn 14$1K$531$266$266
Other expenses (24a–d)Ln 24$2K$2K
Total functional expensesLn 25$49K$18K$8K$22K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 Latest ViewingFiled with the IRS Nov 6, 2023 $174K$49K$125K$0 990 PDF
FY2021Filed with the IRS Nov 14, 2022 $869K$1.6M−$738K$35K 990 PDF
FY2020Filed with the IRS Nov 15, 2021 $3.1M$3.0M$153K$773K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $173,876 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $573,925$157,998
I-9 Program service revenuePrior year $246,043$4,363
I-10 Investment incomePrior year $22−$16,667
I-11 Other revenuePrior year $49,148$28,182
I-12 Total revenuePrior year $869,138$173,876
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 $503,172$29,290
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,103,871$19,592
I-18 Total expensesPrior year $1,607,043$48,882
I-19 Revenue less expensesPrior year −$737,905$124,994
Part VI · Governance 13 of 13 board members independent, 4 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-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $173,876 across 7 lines filed
VIII-1b Membership dues$23,593
VIII-1f All other contributions, gifts and grants$134,405
VIII-1h Total contributions, gifts and grants$157,998
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $4,363$4,363
VIII-7 Net gain or loss on sales of assetsRelated to mission −$16,667−$16,667
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $28,182$28,182
VIII-12 Total revenueRelated to mission $15,878 · Unrelated business $0 · Excluded from tax $0$173,876
Part IX · Statement of functional expenses $48,882 across 10 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $7,545 · Management $3,772 · Fundraising $3,772$15,089
IX-7 Other salaries and wagesPrograms $3,659 · Management $1,829 · Fundraising $1,829$7,317
IX-8 Pension plan contributionsPrograms $808 · Management $404 · Fundraising $404$1,616
IX-9 Other employee benefitsPrograms $1,403 · Management $701 · Fundraising $701$2,805
IX-10 Payroll taxesPrograms $1,231 · Management $616 · Fundraising $616$2,463
IX-11c Accounting feesFundraising $3,035$3,035
IX-11g Other fees for servicesPrograms $587 · Management $294 · Fundraising $11,089$11,970
IX-13 Office expensesPrograms $1,012 · Management $506 · Fundraising $506$2,024
IX-14 Information technologyPrograms $531 · Management $266 · Fundraising $266$1,063
IX-24 Other expenses (24a–d)Programs $1,500$1,500
IX-25 Total functional expensesPrograms $18,276 · Management $8,388 · Fundraising $22,218$48,882
Part X · Balance sheet $0 assets, 20 lines filed
X-1 Cash, non-interest-bearingStart of year $138,571$0
X-2 Savings and temporary cash investmentsStart of year $103,640$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $25,000$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 $441$0
X-10c Land, buildings and equipment, netStart of year $16,667$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 $3,333$0
X-16 Total assetsStart of year $287,652$0
X-26 Total liabilitiesStart of year $252,679$0
X-27 Net assets without donor restrictionsStart of year $34,973$0
X-32 Total net assets or fund balancesStart of year $34,973$0
X-33 Total liabilities and net assetsStart of year $287,652$0
Part XI · Reconciliation of net assets $0 net assets at year end
XI-1 Total revenue$173,876
XI-2 Total expenses$48,882
XI-3 Revenue less expenses$124,994
XI-4 Net assets at start of year$34,973
XI-9 Other changes in net assets−$159,967
XI-10 Net assets at end of year$0

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

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