Providing access to the Arts, design, and creative collaboration for all ages and abilities throughout the belfast and montville communities in waldo county, maine.

501(c)(3) charity; gifts are tax-deductible.
53¢ of each $1 spent went to programs.
Run by 20 volunteers and 8 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $112K a year · 16% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
53%
of spending
Worth a look: 53% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
14 mo
of spending, in cash
Looks good: 13.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $1K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$525K
36% of total assets
Looks good: liabilities are 36% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$585K
-4% vs prior year
Spent
$693K
To programs
53%
Net assets
$941K
By yearFY2020–FY2024
Revenue
$585K
FY2024▼ -4%
Tap a bar for its year
Revenue by fiscal year
FY2020$664K
FY2021$828K
FY2022$853K
FY2023$611K
FY2024$585K
Expenses
$693K
FY2024▲ +9%
Tap a bar for its year
Expenses by fiscal year
FY2020$503K
FY2021$564K
FY2022$585K
FY2023$636K
FY2024$693K
Net assets
$941K
FY2024▼ -28%
Tap a bar for its year
Net assets by fiscal year
FY2020$806K
FY2021$1.1M
FY2022$1.3M
FY2023$1.3M
FY2024$941K

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 2003.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

53 cents of each dollar spent went to programs.

Program services 53% · $364K Management & general 32% · $223K Fundraising 15% · $106K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

15 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Member
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Member
$0Pt VII · Sec A
$0Pt VII · Sec A
See Waterfall Arts executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Offers arts, design, and creative collaboration access to all in Belfast and Montville.

Questions for Waterfall Arts

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Provided by the organization

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3 programs · $364K · in their own filed words · FY2024
01

Instruction offerings in clay, print, photography, and painting have increased and continue to evolve.

$293Kprogram expense
02

A local glassblowing artisan donated the contents of his studio to the organization and worked with us to construct the only full-time, community-based, public-access glassblowing facility of its kind in maine. We have partnered with local schools to offer curriculum in the studio and have brought a unique offering the the area.

$68Kprogram expense
03

The kids and family program continues to grow and offer additional PROGRAMS/CAMPS to the community.

$4Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$1K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$585K
Ln 12
Fees for servicesLn 2g$288K
Gifts and grantsLn 1h$284K
Investment incomeLn 3$13K
Money outPt IX
$693K
Ln 25
Programscol B$364K
Managementcol C$223K
Fundraisingcol D$106K
Owns and owesPt X
$941K
net assets · Ln 32
Cash and savingsLn 1–2$797K
Total assetsLn 16$1.5M
LiabilitiesLn 26$525K
PeoplePt VI, VII
15
listed · VII A
PaidVII A0
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$284K
Government grantsLn 1e$32K
Fees for servicesLn 2g$288K
Investment incomeLn 3$13K
Total revenueLn 12$585K
Assets in detailPt X, end of year
CashLn 1$2K
SavingsLn 2$795K
Cash and savings togetherLn 1–2$797K
InvestmentsLn 11–13$36K
Land, buildings, equipmentLn 10c$587K
Other assetsLn 15$45K
Total assetsLn 16$1.5M
LiabilitiesLn 26$525K
Net assetsLn 32$941K
OperationsPt I, VI
EmployeesI 58
VolunteersI 620
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$914K$797K
InvestmentsLn 11–13$36K$36K
Land, buildings, equipmentLn 10c$587K$587K
Total assetsLn 16$1.6M$1.5M
LiabilitiesLn 26$533K$525K
Net assetsLn 32$1.0M$941K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$84K$84K
Other salaries and wagesLn 7$251K$171K$80K
Pension plan contributionsLn 8$4K$2K$2K
Other employee benefitsLn 9$1K$784$364$305
Payroll taxesLn 10$28K$14K$7K$7K
Legal feesLn 11b$3K$3K
Accounting feesLn 11c$11K$11K
Advertising and promotionLn 12$6K$414$2K$3K
Office expensesLn 13$10K$270$8K$2K
OccupancyLn 16$90K$462$89K
Depreciation, depletion and amortizationLn 22$25K$25K$165
InsuranceLn 23$6K$5K$681$712
Other expenses (24a–d)Ln 24$144K$138K$4K$2K
All other expensesLn 24e$30K$7K$19K$4K
Total functional expensesLn 25$693K$364K$223K$106K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $585K$693K−$108K$941K 990 PDF
FY2023 $611K$636K−$25K$1.3M 990 PDF
FY2022 $853K$585K$268K$1.3M 990 PDF
FY2021 $828K$564K$264K$1.1M 990 PDF
FY2020 $664K$503K$161K$806K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $584,659 revenue, 12 lines filed
I-8 Contributions and grants$284,160
I-9 Program service revenue$287,791
I-10 Investment income$12,708
I-11 Other revenue$0
I-12 Total revenue$584,659
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$368,050
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $29,328$324,990
I-18 Total expensesPrior year $29,328$693,040
I-19 Revenue less expensesPrior year −$29,328−$108,381
Part VI · Governance 14 of 14 board members independent, 2 to look at
VI-1a Voting members of the governing body14
VI-1b Independent voting members14
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $584,659 across 8 lines filed
VIII-1b Membership dues$450
VIII-1e Government grants$32,500
VIII-1f All other contributions, gifts and grants$251,210
VIII-1h Total contributions, gifts and grants$284,160
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $287,791$287,791
VIII-3 Investment incomeRelated to mission $12,708$12,708
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $300,499 · Unrelated business $0 · Excluded from tax $0$584,659
Part IX · Statement of functional expenses $693,040 across 14 lines filed
IX-5 Pay of current officers, directors and key staffFundraising $83,540$83,540
IX-7 Other salaries and wagesPrograms $171,343 · Management $79,820$251,163
IX-8 Pension plan contributionsPrograms $2,050 · Fundraising $2,335$4,385
IX-9 Other employee benefitsPrograms $784 · Management $364 · Fundraising $305$1,453
IX-10 Payroll taxesPrograms $14,146 · Management $6,760 · Fundraising $6,603$27,509
IX-11b Legal feesManagement $2,670$2,670
IX-11c Accounting feesManagement $11,000$11,000
IX-12 Advertising and promotionPrograms $414 · Management $1,998 · Fundraising $3,309$5,721
IX-13 Office expensesPrograms $270 · Management $7,757 · Fundraising $2,368$10,395
IX-16 OccupancyPrograms $462 · Management $89,094$89,556
IX-22 Depreciation, depletion and amortizationPrograms $24,835 · Management $165$25,000
IX-23 InsurancePrograms $5,062 · Management $681 · Fundraising $712$6,455
IX-24 Other expenses (24a–d)Programs $137,572 · Management $4,486 · Fundraising $2,282$144,340
IX-24e All other expensesPrograms $7,163 · Management $18,502 · Fundraising $4,188$29,853
IX-25 Total functional expensesPrograms $364,101 · Management $223,297 · Fundraising $105,642$693,040
Part X · Balance sheet $1,465,367 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $5,495$2,062
X-2 Savings and temporary cash investmentsStart of year $908,028$795,161
X-10c Land, buildings and equipment, netStart of year $587,022$587,022
X-11 Publicly traded securitiesStart of year $36,122$36,122
X-15 Other assetsStart of year $45,000$45,000
X-16 Total assetsStart of year $1,581,667$1,465,367
X-17 Accounts payable and accrued expensesStart of year $6,511$12,457
X-25 Other liabilitiesStart of year $29,716$29,716
X-26 Total liabilitiesStart of year $532,521$524,602
X-27 Net assets without donor restrictionsStart of year $1,049,146$940,765
X-32 Total net assets or fund balancesStart of year $1,049,146$940,765
X-33 Total liabilities and net assetsStart of year $1,581,667$1,465,367
Part XI · Reconciliation of net assets $940,765 net assets at year end
XI-1 Total revenue$584,659
XI-2 Total expenses$693,040
XI-3 Revenue less expenses−$108,381
XI-4 Net assets at start of year$1,049,146
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$940,765

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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