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← WATERFALL FOUNDATION INC

Form 990 for tax year 2024

Filed by WATERFALL FOUNDATION INC.

Totals

Total revenue
$1,042,635
Total expenses
$21,965,205
Contributions and grants received
$0
Grants paid
$21,180,045
Program service revenue
$0
Investment income
$256,452
Other revenue
$786,183
Total assets, end of year
-$969,035
Total liabilities, end of year
$0
Net assets or fund balances, end of year
-$969,035
Program services expenses (Part IX)
$21,180,045
Management and general expenses
$785,160
Fundraising expenses
$0
Program service expenses (Part III)
$21,180,045

Program services were 96.4% 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.

  • 3 · Investment income

    total $678,690 · excluded $678,690

  • 5 · Royalties

    total $62,628 · excluded $62,628

  • 7b · Less cost or other basis and sales expenses

    securities $422,238

  • 7c · Gain or loss

    securities -$422,238

  • 7d · Net gain or loss

    total -$422,238 · unrelated business -$7,613 · excluded -$414,625

  • 11a · Other revenue: OTHER INCOME/(LOSS)

    total $723,555 · unrelated business -$111,065 · excluded $834,620

  • 11e · Other revenue, total

    $723,555

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $21,180,045 · program services $21,180,045

  • 11b · Fees: legal

    total $38,307 · management and general $38,307

  • 11c · Fees: accounting

    total $11,995 · management and general $11,995

  • 11f · Fees: investment management

    total $651,203 · management and general $651,203

  • 11g · Fees: other

    total $50,000 · management and general $50,000

  • 24a · Other expenses: OTHER INVESTMENT EXPENS

    total $33,655 · management and general $33,655

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $3,773,524 · end of year $80,913

  • 4 · Accounts receivable

    beginning of year $1,500,000 · end of year $0

  • 15 · Other assets

    beginning of year $16,180,011 · end of year -$1,049,948

  • 27 · Net assets without donor restrictions

    beginning of year $21,453,535 · end of year -$969,035

Mission and programs · 2024

Mission

TO SERVE AS A SUPPORTING ORGANIZATION FOR OTHER CHARITABLE ORGANIZATIONS.

  • DIRECT GRANTS TO 501(C)(3) ORGANIZATIONS WHICH ACHIEVE CHARITABLE PURPOSES.

    Expenses $21,180,045 · Grants $21,180,045

As filed on the 2024 return.

Listed in Part VII

  • ERIN DRURY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • WENDY MOORE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • MICHAEL MASTERS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • SUZANNE SACKLEH

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    15

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

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

Provenance

Return type
form_990
Tax year
2024
Filed
13 November 2025
IRS schema version
2024v5.2
Source object
202533449349300003

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