Waterman Foundation
- Assets
- $89.2k
- Revenue
- $122.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Newport Beach, CA
- Founding
- 08/2011
- Data as of
- 12/2019
- EIN
- 90-0592256
Organization Overview
Waterman Foundation is located in Newport Beach, CA. The organization was established in 2011. According to its NTEE Classification (B80) the organization is classified as: Student Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Waterman 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 12/2019, Waterman Foundation generated $122.3k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 8.8% each year. All expenses for the organization totaled $120.6k during the year ending 12/2019. While expenses have increased by 2.1% per year over the past 3 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2019
Describe the Organization's Program Activity:
Part 3 - Line 4a
INDEPENDENT CONTRACTOR EXPENSE, PRODUCTION COSTS AND EQUIPMENT RELATED TO THE DEVELOPMENT OF EDUCATIONAL SOFTWARE TO IMPROVE WRITING ABILITY FOR ELEMENTARY GRADE STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Benjamin Waterman Vice President | 2 | $0 | |
Robert Waterman President | 25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $122,315 |
| Interest on Savings | $1 |
| 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 | $0 |
| Total Revenue | $122,316 |
| 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 | $58,658 |
| Total operating and administrative expenses | $120,636 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $120,636 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $86,532 |
| Savings and temporary cash investments | $2,650 |
| 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 | $89,182 |
| 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 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
T H I N K Together Santa Ana, CA | $21,163,923 | $75,709,835 |
Oregon Charter Academy Mill City, OR | $32,899,516 | $48,211,726 |
Associated Students Inc San Luis Obispo, CA | $11,685,936 | $19,727,613 |
Associated Students Inc California State University Fullerton Fullerton, CA | $22,440,353 | $22,369,454 |
Associated Students Of San Diego State University San Diego, CA | $30,778,404 | $21,344,021 |
California State University Fresno Association Inc Fresno, CA | $113,779,668 | $15,944,994 |
Forty-Niner Shops Inc Long Beach, CA | $22,900,172 | $18,721,159 |
University Student Union Of California State University Northr Northridge, CA | $10,981,881 | $16,476,738 |
Associated Students Calif State University Long Beach Long Beach, CA | $29,242,032 | $17,619,316 |
Associated Students Inc Calif State Poly University Pomona Pomona, CA | $43,036,726 | $21,400,695 |
Student Union Of San Jose State University San Jose, CA | $15,630,953 | $10,786,949 |
Associated Students Of California State University Sacramento Sacramento, CA | $14,200,718 | $8,069,770 |