Nonprofit · EIN 90-0592256
WATERMAN FOUNDATION
Tax-exempt (reinstated) · COSTA MESA, CA 92626
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $2,424,840 | $520,764 | $1,904,076 | $1,997,019 | $0 | $1,997,019 |
| December 31, 2024 | 990-PF | $160,000 | $103,238 | $56,762 | $92,942 | $0 | $92,942 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $2,416,206
- Dividends
- $139
- Interest
- $12,425
- Net gain from sales of assets
- -$3,930
Expenses
- Grants and similar amounts paid
- $354,851
- Compensation of officers, directors and key employees
- $48,521
- Disbursements for charitable purposes
- $520,764
- Excise tax on investment income
- $175
Balance sheet and other
- Total assets, start of year
- $92,942
- Total assets, end of year
- $1,997,019
- Total liabilities, end of year
- $0
- Net assets, end of year
- $1,997,019
- Fair market value of assets
- $1,997,019
- Qualifying distributions
- $520,764
- Net investment income
- $12,564
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 |
|---|---|---|---|
| MARILYN HOLT 3330 HARBOR BLVD 2ND FLOOR, COSTA MESA, CA 92626 | CFO AND SECRETARY | 20 | $48,521 |
| ROBERT WATERMAN DOD 021225 3330 HARBOR BLVD 2ND FLOOR, COSTA MESA, CA 92626 | FORMER PRESIDENT | 20 | $0 |
| BENJAMIN WATERMAN 3330 HARBOR BLVD 2ND FLOOR, COSTA MESA, CA 92626 | CEO | 20 | $0 |
990-PF for the year ended December 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARILYN HOLT 3330 HARBOR BLVD 2ND FLOOR, COSTA MESA, CA 92626 | CFO AND SECRETARY | 20 | $47,381 |
| ROBERT WATERMAN D 021225 3330 HARBOR BLVD 2ND FLOOR, COSTA MESA, CA 92626 | FORMER PRESIDENT | 20 | $0 |
| BENJAMIN WATERMAN 3330 HARBOR BLVD 2ND FLOOR, COSTA MESA, CA 92626 | CEO | 20 | $0 |
Address and contacts
- Address (IRS master file)
- 3330 HARBOR BLVD 2ND FLOOR, COSTA MESA, CA 92626-1502
- In care of
- % ROBERT WATERMAN
- Mailing address (990-N for 2011)
- 7008 WEST OCEAN FRONT, NEWPORT BEACH CA 92663
- Principal officer (990-N for 2011)
- ROBERT WATERMAN, 7004 WEST OCEAN FRONT, NEWPORT BEACH CA 92663
- Signed the 990-PF
- BEN WATERMAN, DIRECTOR
- Phone
- (949) 698-0090
- Website
- WWW.WATERMANFOUNDATION.ORG
- Return prepared by
- CPA KPA LLC
California records
California keeps its own records of charities and corporations. Search them by EIN 90-0592256 or by the name WATERMAN FOUNDATION.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
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 | Check at the IRS |
IRS record
- EIN
- 90-0592256
- 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
- 2024
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Education (B80)
- Assets (IRS master file)
- $1,997,019
- Income (IRS master file)
- $2,521,046
Revocation and reinstatement
- Exemption revoked
- May 15, 2023
- Posted by the IRS
- September 11, 2023
- Reinstated
- Effective May 15, 2023
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $2,424,840 | $520,764 | $1,997,019 | XML |
| 990-PF | December 2024 | $160,000 | $103,238 | $92,942 | IRS |
| 990-PF | December 2019 | – | – | – | IRS |
| 990-N for 2011 Officer: ROBERT WATERMAN | December 31, 2011 | ≤ $50,000 receipts | – | – | e-Postcard |
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 90-0592256).
Questions about WATERMAN FOUNDATION
- What is the EIN of WATERMAN FOUNDATION?
- The employer identification number (EIN) of WATERMAN FOUNDATION is 90-0592256.
- Is WATERMAN FOUNDATION tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2023 and reinstated it effective May 15, 2023.
- Are donations to WATERMAN FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does WATERMAN FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of WATERMAN 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 WATERMAN 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 is the principal officer of WATERMAN FOUNDATION?
- The 990-N for 2011 names ROBERT WATERMAN.
- Who are the officers and directors of WATERMAN FOUNDATION?
- The 990-PF for the year ended December 31, 2025 lists 3 people; 1 received compensation from the organization, the highest $48,521 (MARILYN HOLT, CFO AND SECRETARY).
- How much revenue does WATERMAN FOUNDATION have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $2,424,840, expenses of $520,764 and total assets of $1,997,019 at year end.
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