Civic Intelligence

The Waterfall Foundation Inc

990 • Fiscal year 2025 • EIN 58-2442068

Jul 01, 2024 to Jun 30, 2025 • Filed on Nov 13, 2025

Organization ProfileN/A
PO Box 422223Atlanta, GA 30342

(404) 256-5865

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2025

Liabilities / Revenue

19th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2025 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2025

Net Margin

1st percentile

-2007%

Higher net margin than 1% of similar nonprofits.

2025 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

42nd percentile

$0

Higher top officer pay than 42% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2025 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2025

Asset Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2024 to 2025

Revenue Growth

5th percentile

-44%

Faster revenue growth than 5% of similar nonprofits.

2025 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

-$969,035

Down $22,422,570 (-105%) from 2024

Net Assets

Down

-$969,035

Down $22,422,570 (-105%) from 2024

Liabilities

Flat

$0

Flat from 2024

Revenue And Expenses
Liabilities / Revenue19th percentileNet Margin1st percentile

Revenue

Down

$1,042,635

Down $810,591 (-44%) from 2024

Expenses

Up

$21,965,205

Up $17,724,385 (+418%) from 2024

Net Income

Down

-$20,922,570

Down $18,534,976 (-776%) from 2024

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$30M$20M$10M$0-$10MAssets 2010: $18,579,107Liabilities 2010: $0Net Assets 2010: $18,579,1072010Assets 2011: $19,568,518Liabilities 2011: $0Net Assets 2011: $19,568,5182011Assets 2012: $15,905,920Liabilities 2012: $2Net Assets 2012: $15,905,9182012Assets 2013: $16,074,561Liabilities 2013: $0Net Assets 2013: $16,074,5612013Assets 2014: $19,703,656Liabilities 2014: $0Net Assets 2014: $19,703,6562014Assets 2015: $21,756,167Liabilities 2015: $0Net Assets 2015: $21,756,1672015Assets 2016: $17,688,494Liabilities 2016: $0Net Assets 2016: $17,688,4942016Assets 2017: $25,836,837Liabilities 2017: $0Net Assets 2017: $25,836,8372017Assets 2018: $25,000,715Liabilities 2018: $0Net Assets 2018: $25,000,7152018Assets 2019: $20,093,415Liabilities 2019: $0Net Assets 2019: $20,093,4152019Assets 2020: $21,021,429Liabilities 2020: $0Net Assets 2020: $21,021,4292020Assets 2021: $17,781,141Liabilities 2021: $0Net Assets 2021: $17,781,1412021Assets 2022: $26,352,044Liabilities 2022: $0Net Assets 2022: $26,352,0442022Assets 2023: $23,841,129Liabilities 2023: $0Net Assets 2023: $23,841,1292023Assets 2024: $21,453,535Liabilities 2024: $0Net Assets 2024: $21,453,5352024Assets 2025: -$969,035Liabilities 2025: $0Net Assets 2025: -$969,0352025

Highlighted filing

2025

Assets-$969,035
Liabilities$0
Net Assets-$969,035
Open 2025 Filing

Operations Trend

Revenue Growth5th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$40M$20M$0-$20M-$40MExpenses 2010: $3,037,8752010Expenses 2011: $2,892,5552011Expenses 2012: $3,962,6562012Expenses 2013: $2,882,3682013Revenue 2014: $4,029,071Expenses 2014: $2,628,432Net Income 2014: $1,400,6392014Revenue 2015: $4,352,724Expenses 2015: $2,642,641Net Income 2015: $1,710,0832015Revenue 2016: $1,487,483Expenses 2016: $3,301,643Net Income 2016: -$1,814,1602016Revenue 2017: $5,409,145Expenses 2017: $3,215,226Net Income 2017: $2,193,9192017Revenue 2018: $6,541,141Expenses 2018: $3,842,876Net Income 2018: $2,698,2652018Revenue 2019: $4,010,752Expenses 2019: $3,766,371Net Income 2019: $244,3812019Revenue 2020: $2,988,792Expenses 2020: $3,639,643Net Income 2020: -$650,8512020Revenue 2021: $467,284Expenses 2021: $3,447,661Net Income 2021: -$2,980,3772021Revenue 2022: $12,178,022Expenses 2022: $3,942,238Net Income 2022: $8,235,7842022Revenue 2023: $2,016,518Expenses 2023: $4,527,433Net Income 2023: -$2,510,9152023Revenue 2024: $1,853,226Expenses 2024: $4,240,820Net Income 2024: -$2,387,5942024Revenue 2025: $1,042,635Expenses 2025: $21,965,205Net Income 2025: -$20,922,5702025

Highlighted filing

2025

Revenue$1,042,635
Expenses$21,965,205
Net Income-$20,922,570
Open 2025 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Nov 13, 2025
Return Version
2024v5.2
Gross Receipts
$1,464,873
Mission and Program Overview

Mission

To serve as a supporting organization for other charitable organizations.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$1,500,000$0▼ $1,500,000
Savings and Temporary Cash Investments$3,773,524$80,913▼ $3,692,611
Total Assets$21,453,535$-969,035▼ $22,422,570
Other Assets Total$16,180,011$-1,049,948▼ $17,229,959
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$21,453,535$-969,035▼ $22,422,570
Total Net Assets Fund Balance$21,453,535$-969,035▼ $22,422,570
Total Liabilities and Net Assets / Fund Balance$21,453,535$-969,035▼ $22,422,570
Compensation and Service Providers
Top Officer Pay42nd percentile

Board Members and Trustees

NameTitle
Suzanne SacklehChairman
Erin DruryTrustee
Michael MastersTrustee
Wendy MooreTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$256,452
Other Revenue
$786,183
Change in Net Assets
$-20,922,570
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$21,180,045
Other Expenses$785,160
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$21,180,045--$21,180,045
Fees for Service Investment Mgmnt Fees-$651,203-$651,203
Fees for Services Other-$50,000-$50,000
Fees for Services Legal-$38,307-$38,307
Other Expenses-$33,655-$33,655
Fees for Services Accounting-$11,995-$11,995
Total Functional Expenses$21,180,045$785,160$0$21,965,205
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Fidelity Investments Charitable Gift FundBoston, MA501c3Transfer of Remaining Assets Upon Dissolution to Support Charitable Missions$20,930,045
St Croix Mission OutreachChristiansted, VI501c3Charitable Support$100,000
Candler Park ConservancyAtlanta, GA501c3Charitable Support$50,000
Community Friendship IncAtlanta, GA501c3Charitable Support$50,000
Inner-city Muslim Action NetworkChicago, IL501c3Charitable Support$50,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

“Michael masters, suzanne sackleh- family relationship”

Form 990, Part VI, Section A, Line 4

“In april of 2025 the organization filed voluntary dissolution documents with the georgia secretary of state as the organization is in process of dissolving and transferring all remaining assets to a donor advised fund. After filing these documents, the organization discovered that there would be additional income reported to the organization as well as funds distributed after the current tax year end. The organization will remain legally active until which time it receives the remaining funds and reportable income.”

Form 990, Part VI, Section B, Line 11B

“Return is reviewed by chairman of the board prior to filing.”

Form 990, Part VI, Section C, Line 19

“Documents are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
The Waterfall Foundation Inc
EIN
58-2442068
Phone
4042565865
Address
PO BOX 422223, ATLANTA, GA 30342

Signing Officer

Name
Suzanne Sackleh
Title
President
Phone
4042565865
Signed
2025-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Suzanne Sackleh
Formed
2000
Legal Domicile
Ga
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
4

Preparer

Firm
Warren Averett LLC
Address
3500 LENOX RD NE SUITE 1600, ATLANTA, GA 30326
Preparer
Jennifer L Farnam
Phone
7703961100
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IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt42745 W 63RD STREET
IRS990ScheduleI/RecipientTable/USAddress/CityNm0BOSTON
IRS990ScheduleI/RecipientTable/USAddress/CityNm1CHRISTIANSTED
IRS990ScheduleI/RecipientTable/USAddress/CityNm2ATLANTA
IRS990ScheduleI/RecipientTable/USAddress/CityNm3ATLANTA
IRS990ScheduleI/RecipientTable/USAddress/CityNm4CHICAGO
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1VI
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2GA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd3GA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd4IL
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd002210
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd100822
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd230307
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd330308
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd460629
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0COORDINATED REVIEW OF ALL GRANTS BY THE BOARD OF DIRECTORS AND THE COMMUNITY FOUNDATION OF GREATER ATLANTA AND ONGOING REVIEW OF DONEE OPERATIONS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt05
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd00
IRS990ScheduleN/DirectorOfSuccessor2Ind00
IRS990ScheduleN/DispositionOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0CASH
IRS990ScheduleN/DispositionOfAssetsDetail/BusinessName/BusinessNameLine1Txt0FIDELITY INVESTMENTS CHARITABLE GIFT FUND
IRS990ScheduleN/DispositionOfAssetsDetail/DistributionDt02025-04-01
IRS990ScheduleN/DispositionOfAssetsDetail/EIN0110303001
IRS990ScheduleN/DispositionOfAssetsDetail/FairMarketValueOfAssetAmt020930045
IRS990ScheduleN/DispositionOfAssetsDetail/IRCSectionTxt0501C3
IRS990ScheduleN/DispositionOfAssetsDetail/MethodOfFMVDeterminationTxt0CASH VALUE
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/AddressLine1Txt0245 SUMMER STREET
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/CityNm0BOSTON
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/StateAbbreviationCd0MA
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/ZIPCd002210
IRS990ScheduleN/EmployeeOfSuccessor2Ind00
IRS990ScheduleN/OwnerOfSuccessor2Ind00
IRS990ScheduleN/ReceiveCompensation2Ind00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MICHAEL MASTERS, SUZANNE SACKLEH- FAMILY RELATIONSHIP
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1IN APRIL OF 2025 THE ORGANIZATION FILED VOLUNTARY DISSOLUTION DOCUMENTS WITH THE GEORGIA SECRETARY OF STATE AS THE ORGANIZATION IS IN PROCESS OF DISSOLVING AND TRANSFERRING ALL REMAINING ASSETS TO A DONOR ADVISED FUND. AFTER FILING THESE DOCUMENTS, THE ORGANIZATION DISCOVERED THAT THERE WOULD BE ADDITIONAL INCOME REPORTED TO THE ORGANIZATION AS WELL AS FUNDS DISTRIBUTED AFTER THE CURRENT TAX YEAR END. THE ORGANIZATION WILL REMAIN LEGALLY ACTIVE UNTIL WHICH TIME IT RECEIVES THE REMAINING FUNDS AND REPORTABLE INCOME.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2RETURN IS REVIEWED BY CHAIRMAN OF THE BOARD PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0THE COMMUNITY FOUNDATION OF GREATER ATLANTA INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0581344646
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0GA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0CHARITABLE ORGANIZATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0191 PEACHTREE STREET NE SUITE 1000
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0ATLANTA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0GA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd030303
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0GA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt021453535
IRS990/TotalAssetsEOYAmt0-969035
IRS990/TotalAssetsGrp/BOYAmt021453535
IRS990/TotalAssetsGrp/EOYAmt0-969035
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0785160
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt021180045
IRS990/TotalFunctionalExpensesGrp/TotalAmt021965205
IRS990/TotalGrossUBIAmt0-118678
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt021453535
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-969035
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt021180045
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt01161313
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01042635
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt0-118678
IRS990/TotalVolunteersCnt04
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt021453535
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0-969035
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd01
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 422223
IRS990/USAddress/CityNm0ATLANTA
IRS990/USAddress/StateAbbreviationCd0GA
IRS990/USAddress/ZIPCd030342
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0SUZANNE SACKLEH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum04042565865
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE WATERFALL FOUNDATION INC

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
-$969,035
Liabilities
$0
Net assets
-$969,035
Revenue
$1,042,635
Expenses
$21,965,205
Net income
-$20,922,570
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.97$0.00$0.97$1.04$22.0$20.9
2024Detailed filing. Detailed filing data is available for this year.$21.5$0.00$21.5$1.85$4.24$2.39
2023Detailed filing. Detailed filing data is available for this year.$23.8$0.00$23.8$2.02$4.53$2.51
2022Detailed filing. Detailed filing data is available for this year.$26.4$0.00$26.4$12.2$3.94$8.24
2021Detailed filing. Detailed filing data is available for this year.$17.8$0.00$17.8$0.47$3.45$2.98
2020Detailed filing. Detailed filing data is available for this year.$21.0$0.00$21.0$2.99$3.64$0.65
2019Detailed filing. Detailed filing data is available for this year.$20.1$0.00$20.1$4.01$3.77$0.24
2018Detailed filing. Detailed filing data is available for this year.$25.0$0.00$25.0$6.54$3.84$2.70
2017Detailed filing. Detailed filing data is available for this year.$25.8$0.00$25.8$5.41$3.22$2.19
2016Detailed filing. Detailed filing data is available for this year.$17.7$0.00$17.7$1.49$3.30$1.81
2015Detailed filing. Detailed filing data is available for this year.$21.8$0.00$21.8$4.35$2.64$1.71
2014Detailed filing. Detailed filing data is available for this year.$19.7$0.00$19.7$4.03$2.63$1.40
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.1$0.00$16.1$2.88
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.9$0.00$15.9$3.96
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$19.6$0.00$19.6$2.89
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.6$0.00$18.6$3.04