Waterhouse Guild FY2019 filing

Los Angeles, CA · Public charity (501(c)(3)) · Education

✕ IRS exemption revoked
Revenue
$365K
Spent
$378K
To programs
100%
Net assets
$16K
By yearFY2019–FY2024
Revenue
$365K
FY2019
Revenue by fiscal year
FY2019$365K
FY2020$270K
FY2021$274K
FY2022$180K
FY2023$91K
FY2024$38K
Expenses
$378K
FY2019
Expenses by fiscal year
FY2019$378K
FY2020$276K
FY2021$217K
FY2022$190K
FY2023$125K
FY2024$13K
Net assets
$16K
FY2019
Net assets by fiscal year
FY2019$16K
FY2020$10K
FY2021$67K
FY2022$68K
FY2023$34K
FY2024$59K

From the FY2019 Form 990 · see the original

IRS revoked this organization's tax-exempt status on May 15, 2019
You’re viewing the FY2019 filing — not the latest on file. See the latest (FY2024) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
No — IRS exemption revoked
On the IRS revocation list.
Can I give now?
No — exemption revoked (2019-05-15)
On the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CWaterhouse Guild
EINHdr · item D46-5676097
Exempt statusHdr · item IRevoked
Ruling yearIRS BMFMar 2015
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CLos Angeles, CA
NTEE classificationIRS BMFEducation (B80)

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$378K
Total functional expensesLn 25$378K

Financial health

Is it on solid ground?

Program efficiency
100%
of spending reaches programs
Operating runway
0.6mo
months of highly liquid reserves at operating expense rate
Surplus margin
-3%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2019 · Form 990
Total assets
$19K
FY2019
Total assets by fiscal year
FY2019$19K
FY2020$14K
FY2021$67K
FY2022$72K
FY2023$34K
FY2024$59K
Total liabilities
$4K
FY2019
Total liabilities by fiscal year
FY2019$4K
FY2020$4K
FY2021$52
FY2022$4K
FY2023$0
FY2024$0
Revenue less expensesPt I · Ln 19−$12K
Total assetsPt X · Ln 16$19K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 42

Balance Sheet

Part X · end of year
CashLn 1$19K
Total assetsLn 16$19K
Total liabilitiesLn 26$4K
Total net assetsLn 32$16K
Months of cash on handcomputed0.6

Statement of Revenue

Part VIII
Program service revenue$363K · 99%
Contributions & grants$3K · 1%
Program service revenue99%$363K
Contributions & grants1%$3K
Total revenueLn 12$365K

Financial Metrics

Form 990 · FY2019 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $19K · Operating expenses/yr $378K
0.6 months
Where the money goes
Program services
Program services $378K · Total expenses $378K
100%
Management & General
Management & general $0 · Total expenses $378K
0%
Fundraising
Fundraising $0 · Total expenses $378K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $3K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $3K · Total revenue $365K
0.8%
Government reliance
Government grants $0 · Total revenue $365K
0%
Earned-income share
Program service revenue $363K · Total revenue $365K
99%
Investment reliance
Investment income $0 · Total revenue $365K
0%
Program self-sufficiency
Program service revenue $363K · Total expenses $378K
96%
Growth & trend
Revenue growth (YoY)
This year $365K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $16K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $365K · Expenses $378K
-3%
Liabilities-to-Assets
Total liabilities — · Total assets $19K
—
Net-asset ratio
Net assets $16K · Total assets $19K
81%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $19K
0%
People & payroll
Highest Reported Total Compensation
Individual Lorraine May · Reported title — · Highest reported compensation $49K · Total expenses $378K
13%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $264K · Total expenses $378K
70%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 100%——
Overhead ratio 0%——
Fundraising cost ratio 0%——
Investment management fee ratio 0%——
Legal fee ratio 0%——
Accounting fee ratio 2%——
Fundraising fee ratio 0%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$48,678Pt VII · Sec A
Program Director
$38,557Pt VII · Sec A
Treasurer
$12,716Pt VII · Sec A
$0Pt VII · Sec A
Co-Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Lorraine May’s $29K as Secretary is at the 75th percentile of top reported officer pay among 146 <$100K education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 5 named individuals · Part VII

NameFY2023FY2022FY2021FY2020FY2019
Lorraine May$29,353$61,395$56,607$56,044$48,678
Kimberly Bredberg$1,000$2,140$17,120$34,693$38,557
Cathi Unruh$14,584$21,146$15,290$16,692$12,716
Clare Bonn——$9,987——
William Bredberg$3,000$300$300——

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Waterhouse Guild executive salaries →

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Governance & Policies

Part VI
  • 6Voting board membersPt VI · Ln 1a
  • 2Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13Yes
  • Document retention policyPt VI · Ln 14Yes
  • Top official’s pay independently reviewedPt VI · Ln 15aYes
  • Family or business ties among leadersPt VI · Ln 2Yes

Mission and programs

What it does.

Offers tutoring and personalized learning plans to help K-12 students discover their talents.

Provided by the organization

This section is blank until Waterhouse Guild claims this page.

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Mission & Programs · Part III

Where the work happens

1 program service account for $378K of program spending, described in the organization's own filed words · FY2019.
01

Waterhouse Guild enrolled 10 Kindergarten and 23 1st-9th grade students in tutoring and supplemental classes for the school year. These students were from a broad spectrum of educational socio-economic racial religious and cultural backgrounds. Of the 23 1st-9th students 35% began the year needing remediation in one or more subjects.

$378Kprogram expense

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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 · FY2023
Total grants receivedfrom 1 funder$5

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 Latest $38K$13K-58% 990 PDF
FY2023 $91K$125K-50% 990 PDF
FY2022 $180K$190K-34% 990 PDF
FY2021 $274K$217K+1% 990 PDF
FY2020 $270K$276K-26% 990 PDF
FY2019 Viewing $365K$378K 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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2019IRS
Classification, formation year, addressIRS Business Master File
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