Nonprofit · EIN 01-0528831
WATERFALL ARTS
Tax-exempt · BELFAST, ME 04915
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $584,659 | $693,040 | -$108,381 | $1,465,367 | $524,602 | $940,765 |
| December 31, 2023 | 990 | $611,289 | $635,892 | -$24,603 | $1,863,067 | $549,670 | $1,313,397 |
| December 31, 2022 | 990 | $853,420 | $585,341 | $268,079 | $1,935,703 | $597,703 | $1,338,000 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $284,160
- of which government grants
- $32,500
- Membership dues
- $450
- Program service revenue
- $287,791
- Investment income
- $12,708
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $83,540
- Other salaries and wages
- $251,163
- Salaries, compensation and benefits (total)
- $368,050
- Professional fundraising fees
- $0
- Legal fees
- $2,670
- Accounting fees
- $11,000
- Occupancy
- $89,556
- Depreciation
- $25,000
- Program services (functional)
- $364,101
- Management and general (functional)
- $223,297
- Fundraising (functional)
- $105,642
Balance sheet and other
- Total assets, start of year
- $1,581,667
- Total assets, end of year
- $1,465,367
- Total liabilities, end of year
- $524,602
- Net assets, end of year
- $940,765
- Land, buildings and equipment
- $587,022
- Publicly traded securities
- $36,122
- Net assets without donor restrictions
- $940,765
- Gross receipts
- $584,659
- Employees
- 10
- Volunteers
- 34
- Year formed
- 2000
- State of legal domicile
- ME
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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GIANNE CONARD | MEMBER Trustee or director | 2 | $0 |
| SCOTT KELLEY | VICE PRESIDENT Trustee or director, Officer | 2 | $0 |
| LISA COHN | MEMBER Trustee or director | 2 | $0 |
| DAVID COHN | TREASURER Trustee or director, Officer | 2 | $0 |
| JODY HENDERSON | SECRETARY Trustee or director, Officer | 2 | $0 |
| JOANNA OWEN | MEMBER Trustee or director | 2 | $0 |
| MIKE BIRD | MEMBER Trustee or director | 2 | $0 |
| ANDREW HERMANN | MEMBER Trustee or director | 2 | $0 |
| DAVID HUPPER | MEMBER Trustee or director | 2 | $0 |
| ELI KAO | MEMBER Trustee or director | 2 | $0 |
| DAVID LEACH | MEMBER Trustee or director | 2 | $0 |
| KEN SCHWEIKERT | MEMBER Trustee or director | 2 | $0 |
| JOHN STEED | PRESIDENT Trustee or director, Officer | 5 | $0 |
| TYRONE TOWNSEND | MEMBER Officer | 2 | $0 |
| KIM FLEMING | EXECUTIVE DIRECTOR Key employee | 50 | $0 |
990 for the year ended December 31, 2023: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| David Hupper | Director Trustee or director | 2 | $0 |
| Lisa Cohen | Director Trustee or director | 2 | $0 |
| Nancy Perkins | Director Trustee or director | 2 | $0 |
| David Hupper | Director Trustee or director | 30 | $0 |
| Gianne Conrad | Director Trustee or director | 2 | $0 |
| Jody Henderson | Secretary Trustee or director, Officer | 2 | $0 |
| Kim Fleming | Executive Director Trustee or director, Officer, Key employee | 50 | $0 |
| Joanna Owens | Director Trustee or director, Officer | 0 | $0 |
| John Steed | President Trustee or director, Officer | 5 | $0 |
| Scott Kellley | Vice President Trustee or director, Officer | 2 | $0 |
| David Cohen | Treasuer Trustee or director, Officer | 2 | $0 |
| Eli Kao | Director Institutional trustee, Officer | 2 | $0 |
990 for the year ended December 31, 2022: 15 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| John Steed | Vice President Trustee or director, Officer | 2 | $0 |
| Mike Bird | Director Trustee or director, Officer | 2 | $0 |
| Jim Duff | Director Trustee or director | 2 | $0 |
| Nancy Perkins | Director Trustee or director | 2 | $0 |
| Scott Kelley | Director Trustee or director | 2 | $0 |
| Lisa Cohen | Director Trustee or director | 2 | $0 |
| Joanna Owen | President Trustee or director, Officer | 2 | $0 |
| Gianne Conrad | Director Trustee or director, Officer | 2 | $0 |
| David Cohen | Treasurer Trustee or director, Officer | 2 | $0 |
| Sandra Ruch | Director Trustee or director, Officer | 2 | $0 |
| Jody Henderson | Secretary Trustee or director, Officer | 2 | $0 |
| Kim Fleming | Executive Director Key employee | 50 | $0 |
| Jeanne Murphy | Director Trustee or director, Officer | 2 | $0 |
| Kim Relick | Director Trustee or director, Officer | 2 | $0 |
| Ken Schweikert | Director Trustee or director, Officer | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 256 HIGH ST, BELFAST, ME 04915-6608
- In care of
- % KIM FLEMING
- Signed the 990
- KIM FLEMING, EXECUTIVE DIRECTOR
- Phone
- (207) 338-2222
- Website
- WATERFALLARTS.ORG
- Return prepared by
- NR Bookkeeping Services Inc
Mission
PROVIDING ACCESS TO THE ARTS, DESIGN AND CREATIVE COLLABORATION FOR ALL AGES AND ABILITIES THROUGHOUT THE BELFAST AND MONTVILLECOMMUNITIES IN WALDO COUNTY, MAINE.
Program accomplishments
- INSTRUCTION OFFERINGS IN CLAY, PRINT, PHOTOGRAPHY, AND PAINTING HAVE INCREASED AND CONTINUE TO EVOLVE.Expenses $292,674 · revenue $60,486
- A LOCAL GLASSBLOWING ARTISAN DONATED THE CONTENTS OF HIS STUDIO TO THE ORGANIZATION AND WORKED WITH US TO CONSTRUCT THE ONLY FULL-TIME, COMMUNITY-BASED, PUBLIC-ACCESS GLASSBLOWING FACILITY OF ITS KIND IN MAINE. WE HAVE PARTNERED WITH LOCAL SCHOOLS TO OFFER CURRICULUM IN THE STUDIO AND HAVE BROUGHT A UNIQUE OFFERING THE THE AREA. WITH OUR PAY-WHAT-YOU-CAN MODEL, THOSE THAT MAY NOT BE ABLE TO AFFORD THE CLASSES ARE NOW ABLE TO.Expenses $67,833 · revenue $111,820
- THE KIDS AND FAMILY PROGRAM CONTINUES TO GROW AND OFFER ADDITIONAL PROGRAMS/CAMPS TO THE COMMUNITY.Expenses $3,594 · revenue $19,273
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 01-0528831
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2003
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A25)
- Assets (IRS master file)
- $1,465,367
- Income (IRS master file)
- $584,659
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $584,659 | $693,040 | $1,465,367 | XML |
| 990 | December 2023 | $611,289 | $635,892 | $1,863,067 | XML |
| 990 | December 2022 | $853,420 | $585,341 | $1,935,703 | XML |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 01-0528831).
Questions about WATERFALL ARTS
- What is the EIN of WATERFALL ARTS?
- The employer identification number (EIN) of WATERFALL ARTS is 01-0528831.
- Is WATERFALL ARTS tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2003.
- Are donations to WATERFALL ARTS tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does WATERFALL ARTS 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 ARTS due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did WATERFALL ARTS last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who are the officers and directors of WATERFALL ARTS?
- The 990 for the year ended December 31, 2024 lists 15 people; 0 received compensation from the organization.
- How much revenue does WATERFALL ARTS have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $584,659, expenses of $693,040 and total assets of $1,465,367 at year end.
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- BELFAST CURLING CLUB INC EIN 01-0275026 · last filed 990 for 2026
- BELFAST MUSEUM INC EIN 51-0161688 · last filed 990 for 2025
- COUNTRY DANCE AND SONG SOCIETY INC EIN 37-1752620 · last filed 990-EZ for 2025
- BELFAST MASKERS EIN 22-3062350 · last filed 990-EZ for 2024
- MAINE CELTIC CELEBRATIONS EIN 30-0402463 · last filed 990-EZ for 2025
- ROCKWEED CENTER EIN 93-4589669 · last filed 990-PF for 2024
- ILE IFE FILMS EIN 01-0495497 · last filed 990-N for 2025
All nonprofits in BELFAST · Maine · Arts, culture and humanities