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Nonprofiteer
← WATER BUFFALO CLUB INC

Form 990 for tax year 2023

Filed by WATER BUFFALO CLUB INC.

Totals

Total revenue
$1,148,875
Total expenses
$1,137,489
Contributions and grants received
$823,790
Grants paid
$558,603
Program service revenue
$215,384
Investment income
$15,344
Other revenue
$94,357
Total assets, end of year
$529,010
Total liabilities, end of year
$31,359
Net assets or fund balances, end of year
$497,651
Program services expenses (Part IX)
$891,364
Management and general expenses
$215,235
Fundraising expenses
$30,890
Program service expenses (Part III)
$891,364

Program services were 78.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1b · Membership dues

    $185,715

  • 1c · Fundraising events

    $1,040

  • 1f · All other contributions, gifts and grants

    $637,035

  • 2a · Program service revenue: THANKSGIVING EVENT INC

    total $215,384 · related or exempt $215,384

  • 3 · Investment income

    total $15,344 · excluded $15,344

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $1,040

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $156,748

  • 9b · Gaming: direct expenses

    $62,391

  • 9c · Net income from gaming

    total $94,357 · excluded $94,357

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $558,603 · program services $558,603

  • 5 · Compensation of officers, directors and key employees

    total $107,877 · program services $16,182 · management and general $64,726 · fundraising $26,969

  • 9 · Other employee benefits

    total $7,305 · program services $1,096 · management and general $4,383 · fundraising $1,826

  • 10 · Payroll taxes

    total $8,379 · program services $1,257 · management and general $5,027 · fundraising $2,095

  • 11b · Fees: legal

    total $5,530 · management and general $5,530

  • 11c · Fees: accounting

    total $15,847 · management and general $15,847

  • 11g · Fees: other

    total $3,273 · management and general $3,273

  • 13 · Office expenses

    total $6,208 · program services $186 · management and general $6,022

  • 14 · Information technology

    total $6,176 · management and general $6,176

  • 16 · Occupancy

    total $7,200 · management and general $7,200

  • 17 · Travel

    total $516 · management and general $516

  • 19 · Conferences, conventions and meetings

    total $1,921 · management and general $1,921

  • 24a · Other expenses: PROGRAM EVENTS

    total $313,836 · program services $313,836

  • 24b · Other expenses: MEMBER DINNERS

    total $44,764 · management and general $44,764

  • 24c · Other expenses: WEBSITE

    total $37,400 · management and general $37,400

  • 24d · Other expenses: INSURANCE

    total $5,114 · management and general $5,114

  • 24e · All other expenses

    total $7,540 · program services $204 · management and general $7,336

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $332,613 · end of year $449,567

  • 2 · Savings and temporary cash investments

    beginning of year $153,188 · end of year $79,338

  • 10a · Land, buildings and equipment: cost or other basis

    $7,170

  • 10b · Land, buildings and equipment: accumulated depreciation

    $7,170

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $4,044 · end of year $105

  • 25 · Other liabilities

    beginning of year $3,580 · end of year $31,359

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year $0

Mission and programs · 2023

Mission

WBC IS A CHARITABLE ORGANIZATION DEDICATED TO FOSTERING THE WELL BEING OF UNDERSERVED AND AT-RISK CHILDREN IN LOS ANGELES THROUGH ITS MEMBERS' COMMITMENT OF THEIR TIME AND FINANCIAL RESOURCES. THE WBC DIRECTLY IMPACTS SMALLER CHARITIES BY PROVIDING GRANTS, HOSTING EVENTS.

  • PROVIDE GRANTS TO SMALLER 501(C)3 ORGANIZATIONS IN THE COUNTY OF LOS ANGELES. THESE GRANTS ARE TARGETED FOR THE PURCHASE OF CAPITAL ITEMS THAT HAVE A REPETITIVE AND USEFUL LIFE OVER MULTIPLE YEARS.

    Expenses $591,311 · Grants $558,603

  • ANNUAL THANKSGIVING BASKET DINNER GIVE-AWAY, WHERE THE WBC DISTRIBUTES MEALS TO HUNDREDS OF NEEDY FAMILIES IN LOS ANGELES. EACH BASKET FEEDS UP TO 10 PEOPLE, PROVIDING THOUSANDS OF PEOPLE A HOLIDAY MEAL.

    Expenses $205,002 · Revenue $215,384

  • HOSTING FIELD TRIPS FOR KIDS IN LOS ANGELES: ANNUAL PILGRIMAGES TO THESANTA MONICA PIER FOR OUR "CHRISTMAS IN MAY" EVENT, THE WBC'S "REACHFOR THE STARS" AT THE GRIFFITH OBSERVATORY, A HOLIDAY MOVIE SCREENINGIN DECEMBER, AND TRIPS TO DODGERS, LAKERS AND CLIPPERS GAMES THROUGHOUTTHE YEAR.

    Expenses $95,051

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • John Saunders

    PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    0

  • Russ Richker

    PRESIDENT

    Total calculated
    $0
    Hours/week
    10

  • Rob Deutschman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Bruce Mandel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Edward Greenwald

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Rob Greenspan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Brian Gray

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Greg Kushner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Bill Eicher

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Jeffrey Newman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Scott Sachs

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Kate Zarouk

    EXECUTIVE DIR.

    Total calculated
    $115,183
    From this org
    $107,877
    From related orgs
    $0
    Other
    $7,306
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2023
Filed
28 October 2024
IRS schema version
2023v5.1
Source object
202443059349303104

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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