Nonprofit · EIN 51-0404500
THE OVERFALLS FOUNDATION FOUNDATION
Tax-exempt · LEWES, DE 19958
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $366,289 | $126,507 | $239,782 | $2,335,425 | $0 | $2,335,425 |
| December 31, 2024 | 990 | $213,226 | $119,639 | $93,587 | $2,095,643 | $0 | $2,095,643 |
| December 31, 2023 | 990 | $112,155 | $150,403 | -$38,248 | $2,002,056 | $0 | $2,002,056 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $283,050
- of which government grants
- $12,850
- Membership dues
- $16,120
- Program service revenue
- $11,751
- Investment income
- $58,874
- Net gain from sales of assets
- $40,711
- Net income from fundraising events
- $10,190
- Net income from sales of inventory
- $2,424
- Other revenue
- $12,614
Expenses
- Grants and similar amounts paid
- $2,500
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $6,000
- Occupancy
- $3,973
- Depreciation
- $48,011
- Program services (functional)
- $86,554
- Management and general (functional)
- $39,953
Balance sheet and other
- Total assets, start of year
- $2,095,643
- Total assets, end of year
- $2,335,425
- Total liabilities, end of year
- $0
- Net assets, end of year
- $2,335,425
- Land, buildings and equipment
- $1,400,992
- Publicly traded securities
- $364,751
- Net assets without donor restrictions
- $2,078,455
- Net assets with donor restrictions
- $256,970
- Gross receipts
- $384,619
- Employees
- 0
- Volunteers
- 120
- Year formed
- 2000
- State of legal domicile
- DE
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOHN BOLSTER | BOARD MEMBER Trustee or director | 5 | $0 |
| CINDY CASTELLANA | TREASURER Trustee or director, Officer | 17 | $0 |
| AL CYBART | VICE PRESIDE Trustee or director, Officer | 4 | $0 |
| STEVE ESFANDIARI | BOARD MEMBER Trustee or director | 3 | $0 |
| TED HACK | BOARD MEMBER Trustee or director | 7 | $0 |
| PATTY JACKSON | SECRETARY Trustee or director, Officer | 3 | $0 |
| ANDREW LYTER | BOARD MEMBER Trustee or director | 1 | $0 |
| BOB MURPHY | BOARD MEMBER Trustee or director | 3 | $0 |
| DAVE SHOOK | PRESIDENT Trustee or director, Officer | 17 | $0 |
| KEN WEHN | BOARD MEMBER Trustee or director | 5 | $0 |
990 for the year ended December 31, 2024: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOHN BOLSTER | BOARD MEMBER Trustee or director | 4 | $0 |
| CINDY CASTELLANA | TREASURER Trustee or director, Officer | 12 | $0 |
| AL CYBART | BOARD MEMBER Trustee or director | 2 | $0 |
| TED HACK | BOARD MEMBER Trustee or director | 2 | $0 |
| PATTY JACKSON | SECRETARY Trustee or director, Officer | 4 | $0 |
| MATT KENNEDY | BOARD MEMBER Trustee or director | 6 | $0 |
| J PATRICK LYNCH | BOARD MEMBER Trustee or director | 12 | $0 |
| BOB MURPHY | BOARD MEMBER Trustee or director | 3 | $0 |
| BRIAN NORTH | BOARD MEMBER Trustee or director | 1 | $0 |
| DAVE SHOOK | PRESIDENT Trustee or director, Officer | 11 | $0 |
| HOLLI WITTMAN | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 14 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAVE BECK | VICE PRESIDE Trustee or director, Officer | 10 | $0 |
| JOHN BOLSTER | BOARD MEMBER Trustee or director | 5 | $0 |
| BARRY BUCHANAN | BOARD MEMBER Trustee or director | 5 | $0 |
| ROBERT J GARRY | TREASURER Trustee or director, Officer | 10 | $0 |
| TED HACK | BOARD MEMBER Trustee or director | 5 | $0 |
| FRANK MANNING | BOARD MEMBER Trustee or director | 5 | $0 |
| PAUL MERRICK | BOARD MEMBER Trustee or director | 5 | $0 |
| BOB MURPHY | BOARD MEMBER Trustee or director | 5 | $0 |
| BRIAN NORTH | BOARD MEMBER Trustee or director | 5 | $0 |
| TOM REW | BOARD MEMBER Trustee or director | 5 | $0 |
| MICHAEL SAFINA | PRESIDENT Trustee or director, Officer | 10 | $0 |
| MARCOS SALAVERRIA | BOARD MEMBER Trustee or director | 5 | $0 |
| DAVE SHOOK | SECRETARY Trustee or director, Officer | 10 | $0 |
| HOLLI WITTMAN | BOARD MEMBER Trustee or director | 5 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 413, LEWES, DE 19958-0413
- Principal officer (990 for 2025)
- CINDY CASTELLANA
- Signed the 990
- CINDY CASTELLANA, TREASURER
- Phone
- (302) 644-8050
- Website
- WWW.OVERFALLS.ORG
- Return prepared by
- ATLANTIC BLUE ADVISORS LLC
Mission
THE MISSION OF THE OVERFALLS FOUNDATION IS TO PRESERVE, TEACH, AND HONOR THE UNITED STATES LIGHTSHIP SERVICE AND THE MARITIME HISTORY OF OUR COMMUNITY THROUGH PRESERVATION AND DISPLAY OF THE LIGHTSHIP OVERFALLS (LV- 118) AND ITS COLLECTION OF ASSOCIATED MARITIME ARTIFACTS.
Program accomplishments
- THE FOUNDATION SEEKS TO OBTAIN, RESTORE AND PRESERVE ARTICLES OF MARITIME HISTORICAL SIGNIFICANCE IN THE DELAWARE BAY REGION AND EDUCATE THE PUBLIC ABOUT THEIR SIGNIFICANCE. THE FOUNDATION OPENED THE MUSEUM TO THE PUBLIC AND OFFERED TOURS AND PROGRAMS EXPLAINING THE USE OF THE OVERFALL SHIPS AND THEIR PLACE IN MARITIME HISTORY.Expenses $86,554 · grants $2,500 · revenue $11,751
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 | 990 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
- 51-0404500
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2001
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A54)
- Assets (IRS master file)
- $2,335,425
- Income (IRS master file)
- $384,619
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $366,289 | $126,507 | $2,335,425 | XML |
| 990 | December 2024 | $213,226 | $119,639 | $2,095,643 | XML |
| 990 | December 2023 | $112,155 | $150,403 | $2,002,056 | XML |
| 990 | December 2022 | $93,409 | $137,415 | $2,040,304 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 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 51-0404500).
Questions about THE OVERFALLS FOUNDATION FOUNDATION
- What is the EIN of THE OVERFALLS FOUNDATION FOUNDATION?
- The employer identification number (EIN) of THE OVERFALLS FOUNDATION FOUNDATION is 51-0404500.
- Is THE OVERFALLS FOUNDATION FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2001.
- Are donations to THE OVERFALLS FOUNDATION FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE OVERFALLS FOUNDATION FOUNDATION 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 THE OVERFALLS FOUNDATION 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 THE OVERFALLS FOUNDATION FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of THE OVERFALLS FOUNDATION FOUNDATION?
- The 990 for the year ended December 31, 2025 names CINDY CASTELLANA.
- Who are the officers and directors of THE OVERFALLS FOUNDATION FOUNDATION?
- The 990 for the year ended December 31, 2025 lists 10 people; 0 received compensation from the organization.
- How much revenue does THE OVERFALLS FOUNDATION FOUNDATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $366,289, expenses of $126,507 and total assets of $2,335,425 at year end.
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