Waterhawks FY2022 filing

Tax-deductible

Waterloo, IA501(c)(3)Recreation & SportsEIN 42-0927410

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Waterhawks water ski team to educate club members, as well as the general public, on techniques, rules, regulations and safety in the sport of water-skiing. By promoting our alternative activities in the community, we hope to influence future generations of water-skiers by fostering relationships focused on coaching, mentoring, teamwork, cooperation, and leadership in the family environment.

501(c)(3) charity; gifts are tax-deductible.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

Before you give

FY2022 · Form 990-EZIndependent: 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
FY2025
latest Form 990-EZ
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 3
filings with a surplus
Average surplus $47K a year · 29% of revenue · last 3 filings
Looks good: a surplus in 3 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Named funders
1
named funder · $8K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$114K
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$141K
+40% vs prior year
Net assets
$271K
By yearFY2020–FY2025
Revenue
$141K
FY2022▲ +40%
Revenue by fiscal year
FY2020$95K
FY2021$101K
FY2022$141K
FY2023$170K
FY2024$163K
FY2025$150K
Expenses
—
FY2022
Expenses by fiscal year
FY2020Not on file
FY2021Not on file
FY2022Not on file
FY2023$128K
FY2024$125K
FY2025$89K
Net assets
$271K
FY2022▲ +21%
Net assets by fiscal year
FY2020$236K
FY2021$224K
FY2022$271K
FY2023$313K
FY2024$351K
FY2025$413K

From the FY2022 Form 990 (year ending September 2022) · see the original

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You’re viewing the FY2022 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 Aug 2014.

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

Who runs it and what they're paid

15 people listed on the 990-EZ.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
President
$0Pt VII · Sec A
First Board
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Tournament Dir
$0Pt VII · Sec A
Fundraising Dir
$0Pt VII · Sec A
Show Bus. Mgr.
$0Pt VII · Sec A
See Waterhawks executive salaries →

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Programs and updates

Teaches water-skiing techniques, rules, and safety, fostering teamwork and leadership.

Provided by the organization

This section is blank until Waterhawks claims this page.

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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 · FY2024
Total grants receivedfrom 1 funder$8K

By the numbers

The FY2022 990-EZ, line by line.

1The main four
Money in
$141K
Other income$141K
Owns and owes
$271K
net assets
Liabilities$114K
People
15
listed
Paid0
2In more detail
Revenue in detail
Other income$141K
Total revenue$141K
Assets in detailEnd of year
Liabilities$114K
Net assets$271K
Operations
Employees0
Volunteers150
Fiscal year endsSeptember

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $150K$89K$62K$413K 990 PDF
FY2024 $163K$125K$38K$351K 990 PDF
FY2023 $170K$128K$41K$313K 990 PDF
FY2022 Viewing $141K$271K 990 PDF
FY2021 $101K$224K 990 PDF
FY2020 $95K$236K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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