Waterfield Foundation Inc
- Assets
- $1.5m
- Revenue
- $96.7k
- Investments
- $1.4m
- Employees
- 0
- Location
- Fort Wayne, IN
- Founding
- 00/0000
- Data as of
- 12/2022
- EIN
- 35-1872984
Organization Overview
Waterfield Foundation Inc is located in Fort Wayne, IN. The organization was established in 0000. 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. Waterfield 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, Waterfield Foundation Inc generated $96.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (15.1%) each year. All expenses for the organization totaled $316.6k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (21.4%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Waterfield Foundation Inc has awarded 219 individual grants totaling $955,224. 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
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed President / Secretary / Director | 2 | $0 | |
Name Not Listed Chair / Treasurer / Director | 5 | $0 | |
Name Not Listed Vice President / Director | 1 | $0 | |
Name Not Listed Executive Director | 5 | $24,850 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $15,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $40,891 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $40,789 |
| Capital Gain Net Income | $40,789 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $96,680 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,614 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $2,294 |
| Printing and publications | $0 |
| Other expenses | $359 |
| Total operating and administrative expenses | $62,120 |
| Contributions, gifts, grants paid | $254,450 |
| Total expenses and disbursements | $316,570 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $120,509 |
| 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 | $1,508,743 |
| 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, Waterfield Foundation Inc has awarded $254,450 in support to 65 organizations.
| Grant Recipient | Amount |
|---|---|
THIRTEEN STEP HOUSE INC PURPOSE: GENERAL OPERATIONS | $3,000 |
ALLEN CO FORT WAYNE HISTORICAL SOCIETY INC PURPOSE: GENERAL OPERATIONS | $1,000 |
FORT WAYNE ALZHEIMERS SUPPORT GROUP INC PURPOSE: GENERAL OPERATIONS | $1,200 |
AMANI FAMILY SERVICES INC PURPOSE: GENERAL OPERATIONS | $3,000 |
ANTHONY WAYNE AREA COUNCIL INC PURPOSE: GENERAL OPERATIONS | $1,000 |
ASSOCIATED CHURCHES OF FORT WAYNE IND INC PURPOSE: GENERAL OPERATIONS | $2,000 |