Nonprofit · EIN 83-4652160
WATERFALL ARTS FOUNDATION
Tax-exempt · NEW YORK, NY 10019
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $73,949 | $96,176 | -$22,227 | $3,150 | $90,000 | -$86,850 |
| December 31, 2024 | 990-PF | $121,907 | $96,030 | $25,877 | $25,377 | $90,000 | -$64,623 |
| December 31, 2023 | 990-PF | $82,372 | $82,247 | $125 | $322 | $90,000 | -$89,678 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $73,225
- Other income
- $724
Expenses
- Grants and similar amounts paid
- $1,700
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $15,673
- Disbursements for charitable purposes
- $83,281
Balance sheet and other
- Total assets, start of year
- $25,377
- Total assets, end of year
- $3,150
- Total liabilities, end of year
- $90,000
- Net assets, end of year
- -$86,850
- Fair market value of assets
- $3,150
- Qualifying distributions
- $83,281
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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Kate Junghee Shin C/O WAF, 146 West 57th Street, New York, NY 10019 | President | 8 | $0 |
| Hee-Sook Clair Fung C/O WAF, 146 West 57th Street, New York, NY 10019 | Treasurer | 2 | $0 |
| Dwight Jacobson C/O WAF, 146 West 57th Street, New York, NY 10019 | Director | 2 | $0 |
990-PF for the year ended December 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Kate Jungee Shin C/O WAF, 146 West 57th Street, New York, NY 10019 | President | 8 | $0 |
| Hee Sook Clair Fung C/O WAF, 146 West 57th Street, New York, NY 10019 | Treasurer | 20 | $0 |
| Dwight Jacobson C/O WAF, 146 West 57th Street, New York, NY 10019 | Director | 20 | $0 |
990-PF for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Jungee Shin C/O WAF, 170 E 80th Street, New York, NY 10075 | President | 8 | $0 |
| Hee sook Clair Fang C/O WAF, 170 E 80th Street, New York, NY 10075 | Director | 20 | $0 |
| Dooeun Choi C/O WAF, 170 E 80th Street, New York, NY 10075 | Director | 20 | $0 |
Address and contacts
- Address (IRS master file)
- 146 W 57TH ST, NEW YORK, NY 10019-3301
- In care of
- % JUNHHEE SHIN
- Signed the 990-PF
- Kate Junghee Shin, President
- Phone
- (212) 988-0472
- Return prepared by
- EO Tax Services LLC
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990-PF on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 83-4652160
- 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
- 2020
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Arts, culture and humanities (A51)
- Assets (IRS master file)
- $3,150
- Income (IRS master file)
- $73,949
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $73,949 | $96,176 | $3,150 | IRS |
| 990-PF | December 2024 | $121,907 | $96,030 | $25,377 | XML |
| 990-PF | December 2023 | $82,372 | $82,247 | $322 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | 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 83-4652160).
Questions about WATERFALL ARTS FOUNDATION
- What is the EIN of WATERFALL ARTS FOUNDATION?
- The employer identification number (EIN) of WATERFALL ARTS FOUNDATION is 83-4652160.
- Is WATERFALL ARTS FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to WATERFALL ARTS FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does WATERFALL ARTS FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of WATERFALL ARTS 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 WATERFALL ARTS 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 WATERFALL ARTS FOUNDATION?
- The 990-PF for the year ended December 31, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does WATERFALL ARTS FOUNDATION have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $73,949, expenses of $96,176 and total assets of $3,150 at year end.
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