Overview
What is The Waterfall Foundation Inc?
The Waterfall Foundation Inc, located in Atlanta, Georgia, acts as a supportive organization for various charitable causes. They grant funds directly to approved 501(c)(3) organizations, helping them achieve their charitable purposes. With a strong commitment to giving back, The Waterfall Foundation plays a crucial role in amplifying the impact of other nonprofit groups.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
The Waterfall Foundation Inc has received a Two-Star out of Four Star rating from Charity Navigator, reflecting a score of 67%. While the organization demonstrates strong accountability with a fully independent board and no reported material diversion of assets, it faces significant challenges in transparency and financial disclosure. The absence of required financial statements and various policy documents has notably impacted its overall score.
Strengths of the organization include a high program expense ratio of 86.01%, indicating that a substantial portion of its funds is allocated directly to its programs. Additionally, the foundation benefits from an entirely independent board, which is a positive sign of governance. However, the lack of crucial financial transparency measures, such as posting financial statements online and maintaining conflict of interest and whistleblower policies, raises concerns about its operational integrity.
Overall, while The Waterfall Foundation Inc shows commitment to its mission through program funding, it will need to improve its financial transparency and governance policies to enhance its rating and build trust with donors and stakeholders. The absence of documented policies and financial statements is a critical area for improvement that should be addressed to foster greater accountability.
This AI summary has been generated from information found on Charity Navigator.
Is The Waterfall Foundation Inc legitimate?
The Waterfall Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Waterfall Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of The Waterfall Foundation Inc?
The Waterfall Foundation Inc serves as a supporting organization for various charitable causes. Its mission is geared towards providing assistance to 501(c)(3) organizations in achieving their charitable objectives. Through direct grants, the foundation contributes to the realization of noble causes and initiatives that positively impact communities and individuals in need. By supporting other charities, the Waterfall Foundation plays a crucial role in amplifying their efforts and expanding their reach. Its goal is to make a difference by fostering growth and progress within the charitable sector.
Who is the CEO of The Waterfall Foundation Inc?
Michael Masters is the Trustee of The Waterfall Foundation Inc.
What is the revenue of The Waterfall Foundation Inc?
The Waterfall Foundation Inc's revenue in 2022 was $12,178,022.
Who are the executives of The Waterfall Foundation Inc and what are their salaries?
There 5 volunteers at The Waterfall Foundation Inc.
Here are 5 key members and their salaries:
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Where can I find the form 990 for The Waterfall Foundation Inc?
The Waterfall Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Waterfall Foundation Inc
The Waterfall Foundation Inc, a charitable organization, is dedicated to supporting the missions of other nonprofits. By providing direct grants to 501(c)(3) organizations, this foundation contributes to the achievement of charitable purposes across various sectors.
Established with a vision to make a difference, The Waterfall Foundation Inc funds initiatives that bring about positive change in communities. It serves as a vital partner to numerous charitable organizations, empowering them to carry out their missions effectively. The foundation's unwavering commitment to philanthropy is reflected in its grant-making efforts, which aim to create lasting impact.
Through its financial assistance, The Waterfall Foundation Inc enables grantee organizations to expand their reach and deepen their impact. These funds contribute to a range of initiatives, from education and healthcare to environmental sustainability and community development. By investing in the success of other charities, the Waterfall Foundation plays a pivotal role in advancing the common good and fostering social well-being.
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Impact
October, 2024
The Waterfall Foundation Inc significantly impacts the philanthropic landscape by serving as a supporting organization for various charitable entities. By directly providing grants to 501(c)(3) organizations, it enables these groups to achieve their charitable purposes more effectively. Based in Atlanta, Georgia, the foundation collaborates with and uplifts a spectrum of organizations, facilitating a broader reach for their initiatives and enhancing their ability to serve the community. This support not only strengthens individual organizations but also fosters an interconnected network of philanthropy, driving meaningful change across various sectors.
This information is meant to be a general summary of The Waterfall Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $12,614,591
- Gross Receipts: $12,178,022
Assets and Liabilities:
- Total Assets: $26,352,044
- Total Liabilities: $0
- Net Assets: $26,352,044
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Organization Details
Founding Year
2000
Phone
(404) 760-3427Principal Officer
Michael Masters
Main Address
PO BOX 422223, ATLANTA, GA, 30342
NTEE Category
Code: T113 - Philanthropy
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