Waterfall Arts Foundation
- Assets
- $322.0
- Revenue
- $82.4k
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- Data as of
- 12/2023
- EIN
- 83-4652160
Organization Overview
Waterfall Arts Foundation is located in New York, NY. According to its NTEE Classification (A51) the organization is classified as: Art Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Waterfall Arts 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 12/2023, Waterfall Arts Foundation generated $82.4k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 28.8% each year . All expenses for the organization totaled $82.2k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
ARTIST CARE: THE WATERFALL ARTS FOUNDATION SEEKS TO SUPPORT INTERNATIONAL ARTISTS FROM ACROSS THE SPECTRUM OF THE ARTS THROUGH EXHIBITIONS HEALING WORKSHOPS ARTIST HEALING RESIDENCIES PATRON FORMATION AND PARTNERSHIPS AND COLLABORATIONS. COMMUNITY CARE: WE DEVELOP ARTISTIC CONTENT AND THE ENVIRONMENT THAT FOCUSES ON FAITH ART AND CULTURE. AS A RESULT WE FOSTER HEALING IMAGINATION & CHARACTER FORMATION FOR ALL BY CURATING PROGRAMS FOR THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jungee Shin President | 8 | $0 | |
Hee Sook Clair Fang Director | 20 | $0 | |
Dooeun Choi Director | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $79,650 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,722 |
| Total Revenue | $82,372 |
| 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 | $17,500 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $51,359 |
| Total operating and administrative expenses | $71,647 |
| Contributions, gifts, grants paid | $10,600 |
| Total expenses and disbursements | $82,247 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $322 |
| 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 | $322 |
| 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 | $90,000 |
| Total liabilities | $90,000 |
Grants Awarded
Over the last fiscal year, Waterfall Arts Foundation has awarded $10,600 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
ANTONIO MURADO PURPOSE: ARTIST GRANT | $5,000 |
ONHIM CHURCH PURPOSE: GENERAL SUPPORT | $300 |
DONG HYUN RHEE PURPOSE: ARTIST GRANT | $1,000 |
JINWON CHANG PURPOSE: ARTIST GRANT | $2,500 |
DREAMERS COMMUNITY CHURCH PURPOSE: GENERAL SUPPORT | $1,800 |