Watatulu Education Fund
- Assets
- $226.6k
- Revenue
- $246.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Pompano Beach, FL
- Founding
- Data as of
- 12/2023
- EIN
- 87-4718176
Organization Overview
Watatulu Education Fund is located in Pompano Beach, FL. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Watatulu Education Fund is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE WATATULU EDUCATION FUND SUPPORTS THE EDUCATION OF QUALIFIED STUDENTS FROM THE WATATULU TRIBE AT VARIOUS PRIMARY AND SECONDARY SCHOOLS AND COLLEGES IN TANZANIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ST LEO'S PRIMARY SCHOOL IN IGUNGA, TANZANIA. IN 2023 THE FUND SUPPORTED 18 STUDENTS IN GRADES 3-7. IT PAID $18,000 FOR TUITION, FEES, ROOM AND BOARD, AND $3,000 FOR INCIDENTALS, INCLUDING TRANSPORTATION, MEDICAL, AND PERSONAL EXPENSES.
BANK WIRE TRANSFERS
THE FUND SUPPORTED 14 STUDENTS AT VARIOUS SECONDARY SCHOOLS IN TANZANIA, INCLUDING FOUR AT ST MARGARET'S, FOUR AT DON BOSCO, THREE AT ST THOMAS, AND THREE AT OTHER SCHOOLS. IT PAID $16,000 FOR TUITION, FEES, AND EXTRA EXPENSES, AND $2,000 FOR INCIDENTALS.
THE FUND PAID FOR TUITION, FEES, AND ROOM AND BOARD FOR FOUR STUDENTS AT FOUR COLLEGES AND/OR SEMINARIES IN TANZANIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ruth Meyer President | OfficerTrustee | 10 | $0 |
FR Vincent Lieser Secretary | OfficerTrustee | 0.2 | $0 |
Margaret Mercer Treasurer | OfficerTrustee | 0.4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $240,954 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $240,954 |
| Total Program Service Revenue | $0 |
| Investment income | $5,705 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $246,659 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $45,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $105 |
| Total functional expenses | $45,105 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $226,583 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $226,583 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $226,583 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $226,583 |