Waterfall Family Foundation
- Assets
- $1.6m
- Revenue
- $104.0k
- Investments
- $1.5m
- Employees
- 0
- Location
- Palm Beach, FL
- Founding
- 10/2003
- Data as of
- 12/2022
- EIN
- 04-3752549
Organization Overview
Waterfall Family Foundation is located in Palm Beach, FL. The organization was established in 2003. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Waterfall Family Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Waterfall Family Foundation generated $104.0k in total revenue. All expenses for the organization totaled $183.2k during the year ending 12/2022. While expenses have increased by 4.3% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Waterfall Family Foundation has awarded 72 individual grants totaling $351,350. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
PLEASE NOTE, THE FOUNDATION IS NOT INVOLVED IN ANY DIRECT CHARITABLE ACTIVITIES. ITS PRIMARY PURPOSE IS TO SUPPORT, BY CONTRIBUTIONS, OTHER ORGANIZATIONS EXEMPT UNDER SECTION 501 (C) (3) OF THE INTERNAL REVENUE CODE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan H Waterfall President/treasurer/director | 0 | $0 | |
Scott Straus Secretary/ Director | 0 | $0 | |
Jane Waterfall Director | 0 | $0 | |
John Waterfall Jr Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $405 |
| Dividends & Interest | $23,687 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $79,941 |
| Capital Gain Net Income | $79,941 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3 |
| Total Revenue | $104,036 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $65,454 |
| Total operating and administrative expenses | $69,104 |
| Contributions, gifts, grants paid | $114,076 |
| Total expenses and disbursements | $183,180 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $44,155 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,532,271 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,576,426 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Waterfall Family Foundation has awarded $114,076 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
ALZHEIMER'S DRUG DISCOVERY FOUNDATION PURPOSE: GENERAL SUPPORT | $2,315 |
BOSTON COLLEGE LAW SCHOOL PURPOSE: GENERAL SUPPORT | $250 |
COLUMBIA UNIVERSITY PURPOSE: GENERAL SUPPORT | $500 |
NEW ENGLAND WILDLIFE CENTER PURPOSE: GENERAL SUPPORT | $1,000 |
NORTON MUSEUM OF ART PURPOSE: GENERAL SUPPORT | $5,000 |
ATLANTIC GOLF CLUB FOUNDATION PURPOSE: GENERAL SUPPORT | $2,000 |