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Nonprofit · EIN 47-1049704

NASSER AND RULA WATAR FOUNDATION

Tax-exempt · WILMINGTON, DE 19809

Financials

$2.1M$642K2023$858K$802K2024$1.1M$343K2025
Revenue Expenses · by fiscal year end
Financials of NASSER AND RULA WATAR FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990-PF$1,081,230$343,400$737,830$2,342,737$0$2,342,737
December 31, 2024990-PF$858,307$801,691$56,616$1,604,907$0$1,604,907
December 31, 2023990-PF$2,086,930$642,051$1,444,879$1,548,291$0$1,548,291
Financial details: 990-PF for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$1,075,000
Interest
$6,230

Expenses

Grants and similar amounts paid
$316,400
Compensation of officers, directors and key employees
$0
Disbursements for charitable purposes
$342,133
Excise tax on investment income
$82

Balance sheet and other

Total assets, start of year
$1,604,907
Total assets, end of year
$2,342,737
Total liabilities, end of year
$0
Net assets, end of year
$2,342,737
Fair market value of assets
$2,355,818
Qualifying distributions
$342,133
Net investment income
$6,230

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-PF for the year ended December 31, 2025, highest compensation first.

NameTitleHours / weekCompensation
Nadine Watar
Foundation Source 501 Silverside Rd, Wilmington, DE 198091377
Sec1$0
Nasser Watar
Foundation Source 501 Silverside Rd, Wilmington, DE 198091377
Dir, Pres1$0
Rula Watar
Foundation Source 501 Silverside Rd, Wilmington, DE 198091377
Dir, Treas1$0
Sara Watar
Foundation Source 501 Silverside Rd, Wilmington, DE 198091377
Dir1$0
990-PF for the year ended December 31, 2024: 4 people
NameTitleHours / weekCompensation
Nadine Watar
Foundation Source 501 Silverside Rd, Wilmington, DE 198091377
Sec1$0
Nasser Watar
Foundation Source 501 Silverside Rd, Wilmington, DE 198091377
Dir, Pres1$0
Rula Watar
Foundation Source 501 Silverside Rd, Wilmington, DE 198091377
Dir, Treas1$0
Sara Watar
Foundation Source 501 Silverside Rd, Wilmington, DE 198091377
Dir1$0
990-PF for the year ended December 31, 2023: 4 people
NameTitleHours / weekCompensation
Nadine Watar
Foundation Source 501 Silverside Rd, Wilmington, DE 198091377
Sec1$0
Nasser Watar
Foundation Source 501 Silverside Rd, Wilmington, DE 198091377
Dir, Pres1$0
Rula Watar
Foundation Source 501 Silverside Rd, Wilmington, DE 198091377
Dir, Treas1$0
Sara Watar
Foundation Source 501 Silverside Rd, Wilmington, DE 198091377
Dir1$0

Address and contacts

Address (IRS master file)
FOUNDATION SOURCE 501 SILVERSIDE RD, WILMINGTON, DE 19809-0000
In care of
% FOUNDATION SOURCE
Signed the 990-PF
Nasser Watar, President
Phone
(800) 839-1754
Return prepared by
Foundation Source

What it must file and when

IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990-PF on file
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024990-PF on file

IRS record

EIN
47-1049704
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Private non-operating foundation
Donations deductible (Pub 78)
Private foundation, 30% limit
Exempt since
2014
Accounting year ends
December
Files
Form 990-PF
Category (NTEE)
Unknown (Z99)
Assets (IRS master file)
$2,342,737
Income (IRS master file)
$1,081,230

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2025$1,081,230$343,400$2,342,737IRS
990-PFDecember 2024$858,307$801,691$1,604,907XML
990-PFDecember 2023$2,086,930$642,051$1,548,291XML
990-PFDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-PFDecember 2020–––IRS
990-PFDecember 2018–––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 47-1049704).

Questions about NASSER AND RULA WATAR FOUNDATION

What is the EIN of NASSER AND RULA WATAR FOUNDATION?
The employer identification number (EIN) of NASSER AND RULA WATAR FOUNDATION is 47-1049704.
Is NASSER AND RULA WATAR FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
Are donations to NASSER AND RULA WATAR FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does NASSER AND RULA WATAR FOUNDATION file?
Form 990-PF. Private foundations file every year.
When is the next return of NASSER AND RULA WATAR FOUNDATION due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did NASSER AND RULA WATAR FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990-PF for the year ended December 2025.
Who are the officers and directors of NASSER AND RULA WATAR FOUNDATION?
The 990-PF for the year ended December 31, 2025 lists 4 people; 0 received compensation from the organization.
How much revenue does NASSER AND RULA WATAR FOUNDATION have?
On its 990-PF for the year ended December 31, 2025 it reported revenue of $1,081,230, expenses of $343,400 and total assets of $2,342,737 at year end.

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