Nonprofit · EIN 87-3096145
WATERSITE FOUNDATION
Tax-exempt · INDIANAPOLIS, IN 46254
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $271,284 | $60,146 | $211,138 | $1,226,092 | $0 | $1,226,092 |
| December 31, 2024 | 990-PF | $136,576 | $53,989 | $82,587 | $1,015,087 | $0 | $1,015,087 |
| December 31, 2023 | 990-PF | -$53,142 | $46,986 | -$100,128 | $933,238 | $0 | $933,238 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $215,708
- Interest
- $55,576
Expenses
- Grants and similar amounts paid
- $43,000
- Disbursements for charitable purposes
- $59,431
- Excise tax on investment income
- $763
Balance sheet and other
- Total assets, start of year
- $1,015,087
- Total assets, end of year
- $1,226,092
- Total liabilities, end of year
- $0
- Net assets, end of year
- $1,226,092
- Fair market value of assets
- $1,458,906
- Qualifying distributions
- $59,431
- Net investment income
- $55,576
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 |
|---|---|---|---|
| KAREN VANCE 5049 WATERSITE CIRCLE, INDIANAPOLIS, IN 46254 | TRUSTEE | 1 | $0 |
| ALLEN GALLOWAY 5049 WATERSITE CIRCLE, INDIANAPOLIS, IN 46254 | TRUSTEE | 1 | $0 |
990-PF for the year ended December 31, 2024: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KAREN VANCE 5049 WATERSITE CIRCLE, INDIANAPOLIS, IN 46254 | TRUSTEE | 1 | $0 |
| ALLEN GALLOWAY 5049 WATERSITE CIRCLE, INDIANAPOLIS, IN 46254 | TRUSTEE | 1 | $0 |
990-PF for the year ended December 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KAREN VANCE 5049 WATERSITE CIRCLE, INDIANAPOLIS, IN 46254 | TRUSTEE | 1 | $0 |
| ALLEN GALLOWAY 5049 WATERSITE CIRCLE, INDIANAPOLIS, IN 46254 | TRUSTEE | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 5049 WATERSITE CIR, INDIANAPOLIS, IN 46254-9612
- Signed the 990-PF
- KAREN VANCE, TRUSTEE
- Phone
- (317) 357-9515
- Return prepared by
- SHAUB CPA GROUP
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
- 87-3096145
- 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
- 2022
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $1,226,092
- Income (IRS master file)
- $271,284
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $271,284 | $60,146 | $1,226,092 | XML |
| 990-PF | December 2024 | $136,576 | $53,989 | $1,015,087 | IRS |
| 990-PF | December 2023 | -$53,142 | $46,986 | $933,238 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | 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 87-3096145).
Questions about WATERSITE FOUNDATION
- What is the EIN of WATERSITE FOUNDATION?
- The employer identification number (EIN) of WATERSITE FOUNDATION is 87-3096145.
- Is WATERSITE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to WATERSITE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does WATERSITE FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of WATERSITE 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 WATERSITE 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 WATERSITE FOUNDATION?
- The 990-PF for the year ended December 31, 2025 lists 2 people; 0 received compensation from the organization.
- How much revenue does WATERSITE FOUNDATION have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $271,284, expenses of $60,146 and total assets of $1,226,092 at year end.
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