Waterproof Foundation Inc
- Assets
- $2.6m
- Revenue
- $58.8k
- Investments
- $1.2m
- Employees
- 0
- Location
- Austin, TX
- Founding
- 06/2011
- Data as of
- 12/2022
- EIN
- 27-3816047
Organization Overview
Waterproof Foundation Inc is located in Austin, TX. The organization was established in 2011. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Waterproof Foundation Inc 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, Waterproof Foundation Inc generated $58.8k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $569.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Waterproof Foundation Inc has awarded 126 individual grants totaling $2,259,000. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Scott Loewenbaum Chairman And VP | 1 | $0 | |
Anna Loewenbaum Hargrove President | 1 | $0 | |
Reginald Hargrove Secretary | 1 | $0 | |
Patrick Chalmers Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $12,611 |
| Dividends & Interest | $37,537 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $8,622 |
| Capital Gain Net Income | $8,622 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $58,770 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $30 |
| Taxes | $25,132 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,435 |
| Total operating and administrative expenses | $34,047 |
| Contributions, gifts, grants paid | $535,000 |
| Total expenses and disbursements | $569,047 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,407,400 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,593,644 |
| 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, Waterproof Foundation Inc has awarded $535,000 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
BEYOND BATTEN DISEASE FOUNDATION PURPOSE: MEDICAL RESEARCH | $2,500 |
CLEVELAND CLINIC PURPOSE: MEDICAL TREATMENT | $10,000 |
DUBIN BREAST CANCER CENTER PURPOSE: MEDICAL RESEARCH | $5,000 |
EXPLORE AUSTIN PURPOSE: LEADERSHIP, MENTORING | $1,000 |
FEED THE HUNGRY SAN MIGUEL INC PURPOSE: PROVIDE FOOD, EDUCATION AND COMMUNITY DEVELOPMENT | $10,000 |
FLATHEAD LAKERS PURPOSE: WATER CONSERVATION | $1,000 |