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Nonprofiteer
← WATERFALL FOUNDATION INC

Form 990 for tax year 2023

Filed by WATERFALL FOUNDATION INC.

Totals

Total revenue
$1,853,226
Total expenses
$4,240,820
Contributions and grants received
$0
Grants paid
$3,343,470
Program service revenue
$0
Investment income
$1,608,163
Other revenue
$245,063
Total assets, end of year
$21,453,535
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$21,453,535
Program services expenses (Part IX)
$3,343,470
Management and general expenses
$897,350
Fundraising expenses
$0
Program service expenses (Part III)
$3,343,470

Program services were 78.8% 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 $850,688 · excluded $850,688

  • 5 · Royalties

    total $73,906 · excluded $73,906

  • 7a · Gross sales of assets other than inventory

    securities $757,475

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

    securities $0

  • 7c · Gain or loss

    securities $757,475

  • 7d · Net gain or loss

    total $757,475 · unrelated business $125,007 · excluded $632,468

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

    total $171,157 · unrelated business -$119,820 · excluded $290,977

  • 11e · Other revenue, total

    $171,157

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,343,470 · program services $3,343,470

  • 11c · Fees: accounting

    total $7,910 · management and general $7,910

  • 11f · Fees: investment management

    total $861,039 · management and general $861,039

  • 24a · Other expenses: OTHER INVESTMENT EXPENS

    total $28,401 · management and general $28,401

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $6,852,113 · end of year $3,773,524

  • 4 · Accounts receivable

    beginning of year $1,386,699 · end of year $1,500,000

  • 15 · Other assets

    beginning of year $15,602,317 · end of year $16,180,011

  • 27 · Net assets without donor restrictions

    beginning of year $23,841,129 · end of year $21,453,535

Mission and programs · 2023

Mission

TO SERVE AS A SUPPORTING ORGANIZATION FOR OTHER CHARITABLE ORGANIZATIONS.

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

    Expenses $3,343,470 · Grants $3,343,470

As filed on the 2023 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

  • Joe Smith

    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

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

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.

Provenance

Return type
form_990
Tax year
2023
Filed
12 November 2024
IRS schema version
2023v5.1
Source object
202443179349302504

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

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