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Waterfest INC FY2024 filing

Not tax-deductible

Oshkosh, WI501(c)(4) EIN 39-1763649Revenue $479K in FY2024Latest return filed Feb 25, 2026

On file with the IRSwaterfest.orgOshkosh, WITax-exempt since Mar 1995

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Promote and draw attention to downtown oshkosh.

501(c)(4) social-welfare organization; gifts are not tax-deductible as charitable contributions.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(4)
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
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $4K a year · under 1% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.8 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $13K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$7K
15% of total assets
Looks good: liabilities are 15% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$479K
-36% vs prior year
Spent
$708K
To programs
100%
Net assets
$40K
By yearFY2020–FY2025
Revenue
$479K
FY2024▼ -36%
Tap a bar for its year
Revenue by fiscal year
FY2020$17K
FY2021$877K
FY2022$703K
FY2023$750K
FY2024$479K
FY2025$547K
Expenses
$708K
FY2024▼ -17%
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021$525K
FY2022$713K
FY2023$852K
FY2024$708K
FY2025$580K
Net assets
$40K
FY2024▼ -85%
Tap a bar for its year
Net assets by fiscal year
FY2020$30K
FY2021$381K
FY2022$371K
FY2023$269K
FY2024$40K
FY2025$7K

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Give Claim
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 1995.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $708K

Form 990 Part IX, line 25. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Charles J Hertel
Vice-President
$0Pt VII · Sec A
John Casper
Treasurer
$0Pt VII · Sec A
Robert Kleman
Secretary
$0Pt VII · Sec A
See Waterfest INC executive salaries →

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

Promotes and draws attention to downtown Oshkosh.

Questions for Waterfest INC

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Your first name shows with your question. Waterfest INC answers here, for everyone.

1 program · $708K · in their own filed words · FY2024
01

The objective of the organization is to promote and draw attention to the downtown area of oshkosh by hiring bands to perform concerts at the leach amphitheater. The activity is open to the public. A nominal fee is charged for adults. The waterfest program runs for approximately 9 evenings during summer months.

$708Kprogram 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 · FY2020
Oshkosh Chamber of Commerce Foundation INCFY2020$13K
Total grants receivedfrom 1 funder$13K

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$479K
Ln 12
Fees for servicesLn 2g$375K
Gifts and grantsLn 1h$104K
Money outPt IX
$708K
Ln 25
Programscol B$708K
Owns and owesPt X
$40K
net assets · Ln 32
Cash and savingsLn 1–2$47K
Total assetsLn 16$47K
LiabilitiesLn 26$7K
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$104K
Fees for servicesLn 2g$375K
Total revenueLn 12$479K
Assets in detailPt X, end of year
CashLn 1$47K
Cash and savings togetherLn 1–2$47K
Total assetsLn 16$47K
LiabilitiesLn 26$7K
Net assetsLn 32$40K
OperationsPt I, VI
EmployeesI 50
VolunteersI 6630
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$298K$47K
Total assetsLn 16$299K$47K
LiabilitiesLn 26$29K$7K
Net assetsLn 32$269K$40K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Advertising and promotionLn 12$71K$71K
Office expensesLn 13$8K$8K
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$538K$538K
All other expensesLn 24e$87K$87K
Total functional expensesLn 25$708K$708K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Feb 25, 2026 $547K$580K−$33K$7K 990 PDF
FY2024 ViewingFiled with the IRS Nov 12, 2025 $479K$708K−$229K$40K 990 PDF
FY2023Filed with the IRS Nov 9, 2024 $750K$852K−$101K$269K 990 PDF
FY2022Filed with the IRS May 15, 2023 $703K$713K−$10K$371K 990 PDF
FY2021Filed with the IRS May 11, 2022 $877K$525K$352K$381K 990 PDF
FY2020Filed with the IRS Feb 15, 2021 $17K$30K 990 PDF

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 $479,128 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $113,449$104,221
I-9 Program service revenuePrior year $636,591$374,907
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $750,040$479,128
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $851,505$708,357
I-18 Total expensesPrior year $851,505$708,357
I-19 Revenue less expensesPrior year −$101,465−$229,229
Part VI · Governance 4 of 4 board members independent, 4 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $479,128 across 4 lines filed
VIII-1f All other contributions, gifts and grants$104,221
VIII-1h Total contributions, gifts and grants$104,221
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $374,907$374,907
VIII-12 Total revenueRelated to mission $374,907 · Unrelated business $0 · Excluded from tax $0$479,128
Part IX · Statement of functional expenses $708,357 across 5 lines filed
IX-12 Advertising and promotionPrograms $71,311$71,311
IX-13 Office expensesPrograms $7,824$7,824
IX-23 InsurancePrograms $3,434$3,434
IX-24 Other expenses (24a–d)Programs $538,368$538,368
IX-24e All other expensesPrograms $87,420$87,420
IX-25 Total functional expensesPrograms $708,357 · Management $0 · Fundraising $0$708,357
Part X · Balance sheet $47,049 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $297,658$47,049
X-9 Prepaid expenses and deferred chargesStart of year $1,000$0
X-16 Total assetsStart of year $298,658$47,049
X-17 Accounts payable and accrued expensesStart of year $29,253$6,873
X-26 Total liabilitiesStart of year $29,253$6,873
X-29 Capital stock or trust principalStart of year $0$0
X-30 Paid-in or capital surplusStart of year $0$0
X-31 Retained earnings or endowmentStart of year $269,405$40,176
X-32 Total net assets or fund balancesStart of year $269,405$40,176
X-33 Total liabilities and net assetsStart of year $298,658$47,049
Part XI · Reconciliation of net assets $40,176 net assets at year end
XI-1 Total revenue$479,128
XI-2 Total expenses$708,357
XI-3 Revenue less expenses−$229,229
XI-4 Net assets at start of year$269,405
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$40,176

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

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