Waterfall Foundation
- Assets
- $97.4k
- Revenue
- $267.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Fairbanks, AK
- Founding
- 02/2001
- Data as of
- 12/2021
- EIN
- 54-1980898
Organization Overview
Waterfall Foundation is located in Fairbanks, AK. The organization was established in 2001. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, 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. Waterfall 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 12/2021, Waterfall Foundation generated $267.8k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $249.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Waterfall Foundation has awarded 16 individual grants totaling $1,307,700. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO RAISE AWARENESS AND MONEY FOR HEALTH CARE ISSUES IN ALASKA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DONATED TO THE BREAST CANCER DETECTION CENTER OF ALASKA TO ENABLE THEM TO PROVIDE ALASKAN RESIDENTS ACCESS TO MAMMOGRAMS THROUGHOUT THE STATE OF ALASKA.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eileen Van Wyhe Ex. Director/secr. | Officer | 14 | $36,000 |
Joel Gilbertson President | OfficerTrustee | 0.25 | $0 |
Andrew Lundquist Vice-President | OfficerTrustee | 0.25 | $0 |
Joseph Everhart Treasurer | OfficerTrustee | 0.25 | $0 |
Nancy Murkowski Honorary Chair | Trustee | 0.25 | $0 |
John Minge Board Member | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $341,923 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $15,375 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $341,923 |
| Total Program Service Revenue | $0 |
| Investment income | $77 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$74,192 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $267,808 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $170,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $36,000 |
| Compensation of current officers, directors, key employees. | $36,000 |
| 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 | $6,853 |
| 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 | $8,526 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,600 |
| 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 | $2,330 |
| All other expenses | $0 |
| Total functional expenses | $249,791 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $83,461 |
| Savings and temporary cash investments | $13,941 |
| 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 | $97,402 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $19,500 |
| 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 | $19,500 |
| Net assets without donor restrictions | $77,902 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| 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 | $97,402 |
Grants Awarded
Over the last fiscal year, Waterfall Foundation has awarded $170,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Fairbanks, AK PURPOSE: HEALTH SCREENING | $150,000 |
Ketchikan, AK PURPOSE: HEALTH SCREENING | $20,000 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Waterfall Foundation has recieved totaling $103,000.
| Awarding Organization | Amount |
|---|---|
Providence Health & Services Washington Renton, WA PURPOSE: OPERATIONAL SUPPORT | $43,000 |
Rasmuson Foundation Anchorage, AK PURPOSE: SUPPORT BREAST CANCER DETECTION IN ALASKA | $25,000 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $13,000 |
Nuclear Energy Institute Washington, DC PURPOSE: CONTRIBUTION | $9,000 |
Rasmuson Foundation Anchorage, AK PURPOSE: ALASKA CANCER ORGANIZATIONS | $6,500 |
American Gas Association Washington, DC PURPOSE: SUPPORT | $6,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Living Inc Yakima, WA | $10,420,713 | $26,153,340 |
Safe Haven Associates Seattle, WA | $503,706 | $15,765,595 |
Reach Juneau, AK | $10,298,922 | $10,754,224 |
Kokua Lacey, WA | $2,352,671 | $8,537,429 |
Tri-Cities Residential Services Kennewick, WA | $4,491,699 | $8,832,561 |
Access Alaska Inc Anchorage, AK | $4,586,100 | $8,347,006 |
Mat-Su Services For Children & Adults Inc Wasilla, AK | $12,109,266 | $7,356,022 |
Crossroads Counseling & Training Services Fairbanks, AK | $2,218,807 | $4,864,201 |
Center For Community Inc Sitka, AK | $3,449,159 | $4,552,417 |
Mi Centro Tacoma, WA | $2,516,878 | $3,767,108 |
Shared Journeys Shoreline, WA | $2,171,435 | $4,379,283 |
Rwanda Girls Initiative Medina, WA | $3,977,125 | $1,663,855 |