Nonprofit · EIN 58-2442068
WATERFALL FOUNDATION INC
Tax-exempt · ATLANTA, GA 30342
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $1,042,635 | $21,965,205 | -$20,922,570 | -$969,035 | $0 | -$969,035 |
| June 30, 2024 | 990 | $1,853,226 | $4,240,820 | -$2,387,594 | $21,453,535 | $0 | $21,453,535 |
| June 30, 2023 | 990 | $2,016,518 | $4,527,433 | -$2,510,915 | $23,841,129 | $0 | $23,841,129 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $256,452
- Royalties
- $62,628
- Net gain from sales of assets
- -$422,238
- Other revenue
- $786,183
Expenses
- Grants and similar amounts paid
- $21,180,045
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $38,307
- Accounting fees
- $11,995
- Program services (functional)
- $21,180,045
- Management and general (functional)
- $785,160
Balance sheet and other
- Total assets, start of year
- $21,453,535
- Total assets, end of year
- -$969,035
- Total liabilities, end of year
- $0
- Net assets, end of year
- -$969,035
- Net assets without donor restrictions
- -$969,035
- Gross unrelated business income
- -$118,678
- Gross receipts
- $1,464,873
- Employees
- 0
- Volunteers
- 4
- Year formed
- 2000
- State of legal domicile
- GA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ERIN DRURY | TRUSTEE Trustee or director | 0.5 | $0 |
| WENDY MOORE | TRUSTEE Trustee or director | 0.5 | $0 |
| MICHAEL MASTERS | TRUSTEE Trustee or director, Officer | 0.5 | $0 |
| SUZANNE SACKLEH | CHAIRMAN Trustee or director, Officer | 15 | $0 |
990 for the year ended June 30, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ERIN DRURY | TRUSTEE Trustee or director | 0.5 | $0 |
| WENDY MOORE | TRUSTEE Trustee or director | 0.5 | $0 |
| JOE SMITH | TRUSTEE Trustee or director | 0.5 | $0 |
| MICHAEL MASTERS | TRUSTEE Trustee or director, Officer | 0.5 | $0 |
| SUZANNE SACKLEH | CHAIRMAN Trustee or director, Officer | 15 | $0 |
990 for the year ended June 30, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ERIN DRURY | TRUSTEE Trustee or director | 0.5 | $0 |
| WENDY MOORE | TRUSTEE Trustee or director | 0.5 | $0 |
| JOE SMITH | TRUSTEE Trustee or director | 0.5 | $0 |
| MICHAEL MASTERS | TRUSTEE Trustee or director, Officer | 0.5 | $0 |
| SUZANNE MASTERS | CHAIRMAN Trustee or director, Officer | 15 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 422223, ATLANTA, GA 30342-9223
- In care of
- % MICHAEL W MASTERS
- Principal officer (990 for 2024)
- SUZANNE SACKLEH, PO BOX 422223, ATLANTA, GA 30342
- Signed the 990
- SUZANNE SACKLEH, PRESIDENT
- Phone
- (404) 256-5865
- Return prepared by
- WARREN AVERETT LLC
Mission
TO SERVE AS A SUPPORTING ORGANIZATION FOR OTHER CHARITABLE ORGANIZATIONS.
Program accomplishments
- DIRECT GRANTS TO 501(C)(3) ORGANIZATIONS WHICH ACHIEVE CHARITABLE PURPOSES.Expenses $21,180,045 · grants $21,180,045
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 58-2442068
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 2000
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T113)
- Assets (IRS master file)
- $969,035
- Income (IRS master file)
- $1,464,873
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $1,042,635 | $21,965,205 | -$969,035 | XML |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $1,853,226 | $4,240,820 | $21,453,535 | XML |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $2,016,518 | $4,527,433 | $23,841,129 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $12,178,022 | $3,942,238 | $26,352,044 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 58-2442068).
Questions about WATERFALL FOUNDATION INC
- What is the EIN of WATERFALL FOUNDATION INC?
- The employer identification number (EIN) of WATERFALL FOUNDATION INC is 58-2442068.
- Is WATERFALL FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2000.
- Are donations to WATERFALL FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does WATERFALL FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of WATERFALL FOUNDATION INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did WATERFALL FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of WATERFALL FOUNDATION INC?
- The 990 for the year ended June 30, 2025 names SUZANNE SACKLEH.
- Who are the officers and directors of WATERFALL FOUNDATION INC?
- The 990 for the year ended June 30, 2025 lists 4 people; 0 received compensation from the organization.
- How much revenue does WATERFALL FOUNDATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $1,042,635, expenses of $21,965,205 and total assets of -$969,035 at year end.
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