This organization files Form 990, which has no section for application policy. Its filings cannot say either way.
The latest filing we hold carries no statement about applications. That is not the same as closed: public-charity Form 990s have no field for it, and many foundations leave the section blank.
Grants paid by year
Total assets by year
Where the money went · FY2025
Form 990 splits expenses into program services, management and fundraising. The split is self-reported, and a grantmaker, a research institute and a direct-service nonprofit book the same work differently. A line the return does not carry reads "not available"; it is never counted as zero.
| Year | Form | Revenue | Expenses | Grants paid | Assets | Net assets |
|---|---|---|---|---|---|---|
| FY2025 | 990 | $337,552,115 | $193,891,954 | $176,413,707 | $746,351,187 | $676,300,222 |
| FY2024 | 990 | $263,240,053 | $232,399,350 | $211,066,974 | $616,655,526 | $548,857,169 |
| FY2023 | 990 | $232,951,454 | $163,944,873 | $150,459,316 | $545,944,923 | $487,824,835 |
| FY2022 | 990 | $194,166,172 | $97,210,512 | $85,227,356 | $497,894,733 | $446,002,416 |
| FY2021 | 990 | $134,429,553 | $94,230,373 | $84,629,241 | $414,242,613 | $367,290,474 |
Figures are as reported on the e-filed return, with no restatement. Fiscal years are the funder's own tax year, labelled by the calendar year the period ends in. A blank line means the return does not carry that figure; a real zero shows as $0. When an amended return replaces an original, every figure here uses the amended return. The original is not shown. Giving is what the funder actually paid out toward its charitable purpose in the year (qualifying distributions on Form 990-PF, charitable disbursements otherwise). Assets are what it holds; giving is what moves.
Recipient focus areas
Where recipients are
Based on the 94% of grant rows we could match to an organization record. The rest stay as reported. The IRS assigns the NTEE category when it grants exemption. It often reflects the original filing, not today's giving.
| Recipient | Purpose | Amount | Year | Source |
|---|---|---|---|---|
| HEXAGON FOUNDATIONCOLORADO SPRINGS, CO | GENERAL SUPPORT | $43,228,028 | 2024 | |
Recipients are shown as the funder wrote them on the return. A recipient with a link was matched to an organization record; the rest stay as reported and are never guessed.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Kenneth Harrison | CHIEF EXECUTIVE OFFICER | 40.00 | $528,071 |
| Doug H Kiesewetter Jr | CHAIRMAN | 1.00 | $0 |
| Kittie W Watson | VICE CHAIR | 1.00 | $0 |
| Richard A Lavinski | SECRETARY |
From the officer list on the latest e-filed return. Compensation is as reported there; a blank means the return carries no figure.
| GENERAL SUPPORT |
| $15,227,914 |
| 2024 |
| THE WATERSTONE SUPPORTING ORGANIZATION TRUST 1COLORADO SPRINGS, CO | GENERAL SUPPORT | $13,075,555 | 2024 |
| THE WATERSTONE SUPPORTING ORGANIZATION TRUST 1COLORADO SPRINGS, CO | GENERAL SUPPORT | $12,119,095 | 2023 |
| WATERSTONE REAL ESTATE FOUNDATIONCOLORADO SPRINGS, CO | GENERAL SUPPORT | $11,167,115 | 2023 |
| ZOO MIDLAND INCMIDLAND, TX | GENERAL SUPPORT | $11,000,000 | 2025 |
| RENAISSANCE CHARITABLE FOUNDATION INCINDIANAPOLIS, IN | GENERAL SUPPORT | $10,606,100 | 2024 |
| STRATEGIC RESOURCES GROUP (SRG)EASTON, MD | GENERAL & MINISTRY SUPPORT | $8,307,544 | 2021 |
| HEXAGON FOUNDATIONCOLORADO SPRINGS, CO | GENERAL SUPPORT | $7,500,000 | 2023 |
| WATERSTONE REAL ESTATE FOUNDATIONCOLORADO SPRINGS, CO | GENERAL SUPPORT | $7,051,278 | 2024 |
| NATIONAL FOUNDATION INCCOLORADO SPRINGS, CO | GENERAL SUPPORT | $6,000,000 | 2023 |
| MARY HAYS INSTITUTELEANDER, TX | GENERAL SUPPORT | $5,009,800 | 2025 |
| SCHWAB CHARITABLE FUNDORLANDO, FL | GENERAL SUPPORT | $4,871,646 | 2025 |
| ARMA DEI ACADEMY INCHIGHLANDS RANCH, CO | GENERAL, MINISTRY & CAPITAL CAMPAIGN SUPPORT | $4,760,000 | 2021 |
| AMERICA FIRST LEGAL FOUNDATIONWASHINGTON, DC | GENERAL SUPPORT | $4,728,729 | 2023 |
| THE WATERSTONE SUPPORTING ORGANIZATION TRUST 1COLORADO SPRINGS, CO | GENERAL SUPPORT | $3,817,662 | 2025 |
| STRATEGIC RESOURCE GROUP (SRG)EASTON, MD | EMERGENCY SUPPORT,GENERAL SUPPORT | $3,722,669 | 2022 |
| JOHN F MACARTHUR TRUSTVALENCIA, CA | GENERAL SUPPORT | $3,718,250 | 2021 |
| WATERSTONE SUPPORT FOUNDATION INCCOLORADO SPRINGS, CO | GENERAL SUPPORT | $3,667,165 | 2021 |
| REDEEMER CHURCH OF MIDLANDMIDLAND, TX | GENERAL SUPPORT | $3,521,000 | 2024 |
| JOHN F MACARTHUR TRUSTVALENCIA, CA | GENERAL SUPPORT | $3,502,000 | 2022 |
| ALLIANCE DEFENDING FREEDOMSCOTTSDALE, AZ | GENERAL SUPPORT | $3,481,900 | 2025 |
| STRATEGIC RESOURCE GROUPDALLAS, TX | GENERAL SUPPORT | $3,210,410 | 2025 |
| FOCUSDENVER, CO | GENERAL SUPPORT, MINISTRY SUPPORT | $3,104,800 | 2023 |
| DISCOVERY INSTITUTESEATTLE, WA | GENERAL SUPPORT | $3,101,500 | 2025 |
| 1.00 |
| $0 |
| Alan Brown | BOARD MEMBER | 1.00 | $0 |
| Bob Brown | BOARD MEMBER | 1.00 | $0 |
| Kim Cobb | BOARD MEMBER | 1.00 | $0 |
| Thomas Lyles | BOARD MEMBER | 1.00 | $0 |
| Os Guinness | BOARD MEMBER | 1.00 | $0 |
| Pastor Joel Sanders | BOARD MEMBER | 1.00 | $0 |
| Gregory Vigil | BOARD MEMBER | 1.00 | $0 |
| Richard Caplin | BOARD MEMBER | 1.00 | $0 |
| David Dunn | BOARD MEMBER | 1.00 | $0 |
| John Mulder Board Member | CHIEF GENEROSITY ADVISOR | 1.00 | $192,635 |
| Richard Von Gnechten | VICE PRESIDENT | 40.00 | $326,459 |
| Chris Start | TREASURER/CFO | 40.00 | $275,300 |
| Ruthann Witkop | ASSISTANT SECRETARY | 40.00 | $84,799 |
| Stephanie Hoff | SENIOR GIFT STRATEGIST | 40.00 | $124,822 |
| Catherine Abate | ACCOUNTANT | 40.00 | $126,093 |
Nearest by size, location and giving pattern in the database. Geography weighs heavily. Treat it as a starting list, not a ranking of fit.
Form 990 · FY2024 · period ending Mar 31, 2024IRS bulk XML
Filing id 202510169349301041
Form 990 · FY2023 · period ending Mar 31, 2023IRS bulk XML
Filing id 202400299349302175
Form 990 · FY2022 · period ending Mar 31, 2022
Filing id 202213469349301026
Form 990 · FY2021 · period ending Mar 31, 2021
Filing id 202113559349300731
Form 990 · FY2020 · period ending Mar 31, 2020
Filing id 202003519349300115
Form 990 · FY2019 · period ending Mar 31, 2019
Filing id 202000379349301615
Form 990 · FY2018 · period ending Mar 31, 2018
Filing id 201833529349300643
Form 990 · FY2017 · period ending Mar 31, 2017
Filing id 201723109349302477
Form 990 · FY2016 · period ending Mar 31, 2016
Filing id 201622989349301412
IRS filings are the source for every fact on this page. Nothing a model writes is ever a source; it can only point at a row here.