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Watermark FY2020 filing

Saratoga, CAUnknown exempt organization EIN 94-3373788Revenue $3.1M in FY2020Latest filing we have: 2022. Newer ones may not be in our data yet. Filed since? Tell us.

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.

93¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2022
latest Form 990
The latest return is for FY2022, 4 tax years back.
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
A surplus in 2 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
93%
of spending
93% of spending went to programs.
Pt IX · Ln 25 · col B
Cash reserves
3.8 mo
of spending, in cash
3.8 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $18K
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$529K
41% of total assets
Liabilities are 41% of assets.
Pt X · Ln 26
Independent board members
14
of 14 voting members
14 of 14 voting members are independent.
Pt VI · Ln 1a–1b
In line with peersDifferent from peersFar from peersNo peer rangeNo data yetTap a box for the reason.
Revenue
$3.1M
Spent
$3.0M
To programs
93%
Net assets
$773K
By yearFY2020–FY2022
Revenue
$3.1M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$3.1M
FY2021$869K
FY2022$174K
Expenses
$3.0M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$3.0M
FY2021$1.6M
FY2022$49K
Net assets
$773K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$773K
FY2021$35K
FY2022$0

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2022) →

Is it real?

Yes. Never revoked by the IRS. Latest filing we have: FY2022.

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

Where the money goes

93 cents of each dollar spent went to programs.

Program services 93% · $2.8M Management & general 6% · $179K Fundraising 1% · $23K

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

17 people listed on the 990.

Part VII, Section A · reportable compensation
Ann Barlow
Chairman (1/1/20-12/2/20)
$0Pt VII · Sec A
Mary Ann Bianco-Pfeiffer
Vice Chair/Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Divya Ghatak
Director
$0Pt VII · Sec A
Monica Kumar
Director
$0Pt VII · Sec A
$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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Your first name shows with your question. Watermark answers here, for everyone.

1 program · $2.8M · in their own filed words · FY2020
01

Watermark institute offers education and community through public educational events, both live and virtual. Our goal is to assist women in advancing their leadership abilities wherever they are in their career journey.

$2.8Mprogram 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 FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$3.1M
Ln 12
Fees for servicesLn 2g$3.1M
Gifts and grantsLn 1h$32K
Other incomeLn 4–11$7K
Money outPt IX
$3.0M
Ln 25
Programscol B$2.8M
Managementcol C$179K
Fundraisingcol D$23K
Owns and owesPt X
$773K
net assets · Ln 32
Cash and savingsLn 1–2$957K
Total assetsLn 16$1.3M
LiabilitiesLn 26$529K
PeoplePt VI, VII
17
listed · VII A
PaidVII A0
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$32K
Fundraising eventsLn 1c$16K
Fees for servicesLn 2g$3.1M
Investment incomeLn 3$19
Other incomeLn 4–11$7K
Total revenueLn 12$3.1M
Assets in detailPt X, end of year
CashLn 1$662K
SavingsLn 2$295K
Cash and savings togetherLn 1–2$957K
Accounts receivableLn 4$185K
Prepaid expenses and deferred chargesLn 9$157K
Other assetsLn 15$3K
Total assetsLn 16$1.3M
LiabilitiesLn 26$529K
Net assetsLn 32$773K
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 FY20End FY20
Cash and savingsLn 1–2$2.4M$957K
Total assetsLn 16$3.7M$1.3M
LiabilitiesLn 26$3.3M$529K
Net assetsLn 32$351K$773K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$92K$23K$46K$23K
Legal feesLn 11b$31K$31K
Accounting feesLn 11c$102K$102K
Other fees for servicesLn 11g$27K$27K
Advertising and promotionLn 12$800$800
Office expensesLn 13$371$371
Information technologyLn 14$64$64
Other expenses (24a–d)Ln 24$2.7M$2.7M
Total functional expensesLn 25$3.0M$2.8M$179K$23K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 LatestFiled 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
FY2020 ViewingFiled with the IRS Nov 15, 2021 $3.1M$3.0M$153K$773K 990 PDF

Schedules filed Part IV

I · Grants O · Explanations
See the full FY2020 990
Part I · Summary $3,146,909 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $9,241$31,900
I-9 Program service revenuePrior year $2,622,068$3,108,423
I-10 Investment incomePrior year $47$19
I-11 Other revenuePrior year $5$6,567
I-12 Total revenuePrior year $2,631,361$3,146,909
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 $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,320,278$2,993,936
I-18 Total expensesPrior year $2,320,278$2,993,936
I-19 Revenue less expensesPrior year $311,083$152,973
Part VI · Governance 14 of 14 board members independent, 4 to look at
VI-1a Voting members of the governing body14
VI-1b Independent voting members14
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 $3,146,909 across 8 lines filed
VIII-1c Fundraising events$15,500
VIII-1f All other contributions, gifts and grants$16,400
VIII-1h Total contributions, gifts and grants$31,900
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $3,108,423$3,108,423
VIII-3 Investment incomeExcluded from tax $19$19
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $6,567$6,567
VIII-12 Total revenueRelated to mission $3,114,990 · Unrelated business $0 · Excluded from tax $19$3,146,909
Part IX · Statement of functional expenses $2,993,936 across 8 lines filed
IX-11a Management feesPrograms $23,064 · Management $46,126 · Fundraising $23,064$92,254
IX-11b Legal feesManagement $30,531$30,531
IX-11c Accounting feesManagement $102,218$102,218
IX-11g Other fees for servicesPrograms $26,862$26,862
IX-12 Advertising and promotionPrograms $800$800
IX-13 Office expensesPrograms $371$371
IX-14 Information technologyPrograms $64$64
IX-24 Other expenses (24a–d)Programs $2,740,836$2,740,836
IX-25 Total functional expensesPrograms $2,791,997 · Management $178,875 · Fundraising $23,064$2,993,936
Part X · Balance sheet $1,302,118 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $2,297,418$662,211
X-2 Savings and temporary cash investmentsStart of year $79,674$294,618
X-4 Accounts receivable$185,240
X-9 Prepaid expenses and deferred chargesStart of year $1,291,878$156,716
X-15 Other assetsStart of year $0$3,333
X-16 Total assetsStart of year $3,668,970$1,302,118
X-17 Accounts payable and accrued expensesStart of year $356,446$135,350
X-19 Deferred revenueStart of year $2,527,125$393,890
X-25 Other liabilitiesStart of year $434,826$0
X-26 Total liabilitiesStart of year $3,318,397$529,240
X-27 Net assets without donor restrictionsStart of year $350,573$772,878
X-32 Total net assets or fund balancesStart of year $350,573$772,878
X-33 Total liabilities and net assetsStart of year $3,668,970$1,302,118
Part XI · Reconciliation of net assets $772,878 net assets at year end
XI-1 Total revenue$3,146,909
XI-2 Total expenses$2,993,936
XI-3 Revenue less expenses$152,973
XI-4 Net assets at start of year$350,573
XI-9 Other changes in net assets$269,332
XI-10 Net assets at end of year$772,878

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

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