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Nonprofit · EIN 36-4571824

WATERSHED CHARLOTTE INC

Also known as WATERSHED

Tax-exempt · CHARLOTTE, NC 28205

Financials

$711K$735K2023$656K$649K2024
Revenue Expenses · by fiscal year end
Financials of WATERSHED CHARLOTTE INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$656,380$649,026$7,354$1,622,550$911,238$711,312
December 31, 2023990$710,927$734,517-$23,590$1,698,660$987,661$710,999
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$596,352
Program service revenue
$0
Investment income
$1
Net rental income
$54,295
Other revenue
$60,027

Expenses

Grants and similar amounts paid
$23,424
Compensation of officers, directors and key employees
$103,283
Other salaries and wages
$243,531
Salaries, compensation and benefits (total)
$353,950
Professional fundraising fees
$0
Accounting fees
$11,443
Occupancy
$50,845
Depreciation
$54,958
Program services (functional)
$81,779
Management and general (functional)
$567,247

Balance sheet and other

Total assets, start of year
$1,698,660
Total assets, end of year
$1,622,550
Total liabilities, end of year
$911,238
Net assets, end of year
$711,312
Land, buildings and equipment
$1,470,053
Net assets without donor restrictions
$710,289
Net assets with donor restrictions
$1,023
Gross receipts
$661,660
Employees
11
Volunteers
75
Year formed
2005
State of legal domicile
NC

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
MATTHEW ONEILLEAD PASTOR
Trustee or director, Officer, Highest-paid employee
40$103,282
OLIVER MANALACLEAD TEAM
Trustee or director
2$0
MICHAEL GRAYLEAD TEAM
Trustee or director
2$0
ELIZABETH WATSONLEAD TEAM
Trustee or director
2$0
LARISSA MILLERLEAD TEAM
Trustee or director
2$0
JANET ERVINLEAD TEAM
Trustee or director
2$0
990 for the year ended December 31, 2023: 7 people
NameTitleHours / weekCompensation
MATTHEW ONEILLEAD PASTOR
Trustee or director, Officer, Highest-paid employee
40$106,831
SAMANTHA CORDIALINISECRETARYTREASURER
Officer
30$45,030
SCOTT HOFFERTCO-PASTOR
Trustee or director, Officer
10$19,050
DESMOND SMITHLEAD TEAM
Trustee or director
12$16,775
ELIZABETH WATSONLEAD TEAM
Trustee or director
2$0
OLIVER MANALACLEAD TEAM
Trustee or director
2$0
MICHAEL GRAYLEAD TEAM
Trustee or director
2$0

Address and contacts

Address (IRS master file)
2101 SHENANDOAH AVE, CHARLOTTE, NC 28205-6021
In care of
% MATTHEW ONEIL
Principal officer (990 for 2024)
MATTHEW ONEIL, 2101 SHENANDOAH AVE, Charlotte, NC 282056021
Signed the 990
MATTHEW ONEIL, LEAD PASTOR
Phone
(704) 644-0919
Return prepared by
WISE CPA PLLC

Mission

GATHERING ON SUNDAYS FOR SONG, TEACHING AND DISCUSSION, AS WELL AS IN SMALL GROUPS DURING THE WEEK. PROVIDE FINANCIAL ASSISTANCE TO BOTH LOCAL AND GLOBAL COMMUNITIES.

990 for the year ended December 31, 2024

Program accomplishments

  • WORSHIP FURTHERS WATERSHED CHARLOTTES MISSION OF CREATING A PLACE THAT EVOKES DEEP THOUGHT, REFLECTION, AND CONNECTION TO GOD. WORSHIP HAPPENS DURING SUNDAY GATHERINGS, WHERE THERE IS LIVE MUSIC, INTERACTIVE WORSHIP, AND THOUGHT-PROVOKING CONVERSATION WHICH CREATES AN ENVIRONMENT FOR PEOPLE TO ENCOUNTER GOD.
    Expenses $58,355
  • WATERSHED CHARLOTTE PARTNERED WITH TOMMY ALLGOOD, WHO DOES WORK WITHIN OUR LOCAL COMMUNITY AND ABROAD AS A SPIRITUAL HEALER AND CARE DIRECTOR. WATERSHED ALSO PARTNERED WITH SACRED SOULS: BISHOP TONYIA RAWLS WHO LEADS ANOTHER CHURCH IN CHARLOTTE TO HELP SUPPORT THEIR EFFORTS. WATERSHED ALSO PARTNERED WITH LAUNCHPAD, A NON-PROFIT THAT ASSISTS WITH CHURCH PLANTING AND COACHING NEW PASTORS. ALL THREE ORGANIZATIONS WERE GIFTED EQUAL AMOUNTS.
    Expenses $10,500 · grants $10,500
  • GENERAL GENEROSITY - WATERSHED CHARLOTTE PROVIDES SMALL GIFTS TO VARIOUS GROUPS AND INDIVIDUALS THROUGHOUT THE YEAR. THIS CAN INCLUDE GROCERIES PURCHASED, GIFT CARDS, OR OTHER SMALL ITEMS FOR PEOPLE EXPERIENCING ILLNESS, FINANCIAL DIFFICULTY, OR LOSS.
    Expenses $6,774
  • GRANT TO THANGLAL, WATERSHED CHARLOTTES NATIONAL MISSIONARY IN INDIA. FOCUSED EXCLUSIVELY ON HELPING DISENFRANCHISED MUSLIM COMMUNITY IN INDIA, BY PROVIDING FOOD, HOUSING, AND AFTER SCHOOL PROGRAMS.
    Expenses $6,150 · grants $6,150

What it must file and when

IRS records say it files Not required (church). Churches are not required to file. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
36-4571824
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Church
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2018
Accounting year ends
December
Files
Not required (church)
Category (NTEE)
Religion-related (X20)
Assets (IRS master file)
$1,622,550
Income (IRS master file)
$661,660

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$656,380$649,026$1,622,550XML
990December 2023$710,927$734,517$1,698,660XML
990December 2022$672,883$684,901$1,768,082IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 36-4571824).

Questions about WATERSHED CHARLOTTE INC

What is the EIN of WATERSHED CHARLOTTE INC?
The employer identification number (EIN) of WATERSHED CHARLOTTE INC is 36-4571824.
Is WATERSHED CHARLOTTE INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2018.
Are donations to WATERSHED CHARLOTTE INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does WATERSHED CHARLOTTE INC file?
Form Not required (church). Churches are not required to file.
When is the next return of WATERSHED CHARLOTTE INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did WATERSHED CHARLOTTE INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of WATERSHED CHARLOTTE INC?
The 990 for the year ended December 31, 2024 names MATTHEW ONEIL.
Who are the officers and directors of WATERSHED CHARLOTTE INC?
The 990 for the year ended December 31, 2024 lists 6 people; 1 received compensation from the organization, the highest $103,282 (MATTHEW ONEIL, LEAD PASTOR).
How much revenue does WATERSHED CHARLOTTE INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $656,380, expenses of $649,026 and total assets of $1,622,550 at year end.

Other nonprofits in CHARLOTTE

All nonprofits in CHARLOTTE · North Carolina · Religion-related