Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2023
Open to Public Inspection
For calendar year 2023, or tax year beginning 01-01-2023 , and ending 12-31-2023
Name of foundation
THE WATERWHEEL FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)GOLDSTEIN CO 420 LEXINGTON AVE 2
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
NEW YORK, NY10170
A Employer identification number

13-3948773
B Telephone number (see instructions)

(212) 582-9700
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$16,616,960J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 6,496,155
2 Check right arrow.............
3 Interest on savings and temporary cash investments 45,945 45,945  
4 Dividends and interest from securities... 280,790 280,790  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 122,035
b Gross sales price for all assets on line 6a 689,241
7 Capital gain net income (from Part IV, line 2)... 122,035
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
8,767 8,767  
12 Total. Add lines 1 through 11........ 6,953,692 457,537  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
34,582 28,807   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
8,933 0   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule).......        
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 43,515 28,807   0
25 Contributions, gifts, grants paid....... 2,061,967 2,061,967
26 Total expenses and disbursements. Add lines 24 and 25 2,105,482 28,807   2,061,967
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 4,848,210
b Net investment income (if negative, enter -0-) 428,730
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 627,715 232,923 232,923
2 Savings and temporary cash investments......... 2,217,340 1,190,568 1,190,568
3 Accounts receivable right arrow146,175
Less: allowance for doubtful accounts right arrow   151,526 146,175 146,175
4 Pledges receivable right arrow3,979,353
Less: allowance for doubtful accounts right arrow   748,111 3,979,353 3,979,353
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 7,968,793 Click to see attachment
List of Attached Documents:
// Content
10,853,332 		11,062,341
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis right arrow1,155
Less: accumulated depreciation (attach schedule) right arrow1,155      
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
11,141 		Click to see attachment
List of Attached Documents:
// Content
5,600 		Click to see attachment
List of Attached Documents:
// Content
5,600
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 11,724,626 16,407,951 16,616,960
Liabilities 17 Accounts payable and accrued expenses..........   27,032
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
205,208 		Click to see attachment
List of Attached Documents:
// Content
13,291
23 Total liabilities (add lines 17 through 22)......... 205,208 40,323
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 11,519,418 16,367,628
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 11,519,418 16,367,628
30 Total liabilities and net assets/fund balances (see instructions). 11,724,626 16,407,951
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
11,519,418
2
Enter amount from Part I, line 27a .....................
2
4,848,210
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
16,367,628
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
16,367,628
Form 990-PF (2023)
Form 990-PF (2023)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a PUBLICLY TRADED SECURITIES BERNSTEIN P    
b PUBLICLY TRADED SECURITIES BERNSTEIN P    
c PUBLICLY TRADED SECURITIES BERNSTEIN P    
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 138,405   133,468 4,937
b 550,800   433,738 117,062
c 36     36
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       4,937
b       117,062
c       36
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 122,035
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here right arrow and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 5,959
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 5,959
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 5,959
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 5,430
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 5,500
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 10,930
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 4,971
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow4,971 Refundedright arrow 11 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowVT
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. Click to see attachment
List of Attached Documents:
// Content
...............................
10
Yes
 
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowPHISH.COM/WATERWHEEL
14
The books are in care ofright arrowBURTON GOLDSTEIN CO LLC Telephone no.right arrow (212) 582-9700

Located atright arrow420 LEXINGTON AVE STE 2520NEW YORKNY ZIP+4right arrow10170
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2023? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2023 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2023.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
ERNEST ANASTASIO III PRESIDENT
1.00 		0 0 0
C/O BGCO 420 LEXINGTON AVE STE 2520
NEW YORK,NY10170
MICHAEL GORDON VP
1.00 		0 0 0
C/O BGCO 420 LEXINGTON AVE STE 2520
NEW YORK,NY10170
PAGE MCCONNELL VP
1.00 		0 0 0
C/O BGCO 420 LEXINGTON AVE STE 2520
NEW YORK,NY10170
JONATHAN FISHMAN VP
1.00 		0 0 0
C/O BGCO 420 LEXINGTON AVE STE 2520
NEW YORK,NY10170
BETH MONTUORI ROWLES SECRETARY
6.00 		0 0 0
C/O BGCO 420 LEXINGTON AVE STE 2520
NEW YORK,NY10170
BURTON GOLDSTEIN TREASURER
2.00 		0 0 0
C/O BGCO 420 LEXINGTON AVE STE 2520
NEW YORK,NY10170
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
NONE
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2023)
Form 990-PF (2023)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
8,666,996
b
Average of monthly cash balances.......................
1b
2,134,273
c
Fair market value of all other assets (see instructions)................
1c
2,520,953
d
Total (add lines 1a, b, and c).........................
1d
13,322,222
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
13,322,222
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
199,833
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
13,122,389
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
656,119
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
656,119
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
5,959
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
5,959
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
650,160
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
650,160
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
650,160
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
1a
2,061,967
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
2,061,967
Form 990-PF (2023)
Form 990-PF (2023)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2022 		(c)
2022 		(d)
2023
1 Distributable amount for 2023 from Part X, line 7 650,160
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2018...... 372,462
b From 2019...... 496,015
c From 2020...... 2,139,254
d From 2021...... 471,301
e From 2022...... 826,415
f Total of lines 3a through e ........ 4,305,447
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 2,061,967
a Applied to 2022, but not more than line 2a 0
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2023 distributable amount..... 650,160
e Remaining amount distributed out of corpus 1,411,807
5 Excess distributions carryover applied to 2023. 0 0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 5,717,254
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		372,462
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		5,344,792
10 Analysis of line 9:
a Excess from 2019.... 496,015
b Excess from 2020.... 2,139,254
c Excess from 2021.... 471,301
d Excess from 2022.... 826,415
e Excess from 2023.... 1,411,807
Form 990-PF (2023)
Form 990-PF (2023)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2023, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2023 (b) 2022 (c) 2021 (d) 2020
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2023)
Form 990-PF (2023)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

ALLIANCE FOR A GREEN ECONOMY

2013 E GENESSEE ST
SYRACUSE,NY13210 		NONE PUBLIC CHARITY GENERAL 13,733

ALLIANCE FOR THE GREAT LAKES

150 N MICHIGAN AVENUE SUITE 750
CHICAGO,IL60601 		NONE PUBLIC CHARITY GENERAL 7,702

ATLANTIC CITY ARTS FOUNDATION

1535 BACHARACH BLVD ROOM 284
ATLANTIC CITY,NJ08401 		NONE PUBLIC CHARITY GENERAL 25,000

BACKLINE CARE

PO BOX 13511
PORTLAND,OR97213 		NONE PUBLIC CHARITY GENERAL 20,000

BOYS & GIRLS CLUB OF ATLANTIC CITY INC

317 N PENNSYLVANIA AVE
ATLANTIC CITY,NJ08401 		NONE PUBLIC CHARITY GENERAL 25,000

BURLINGTON CITY ARTS

135 CHURCH STREET
BURLINGTON,VT05401 		NONE PUBLIC CHARITY GENERAL 50,000

CA FROST ENVIRONMENTAL SCIENCE ACADEMY

1460 LAUGLIN DR NW
GRAND RAPIDS,MI49504 		NONE PUBLIC CHARITY GENERAL 500

CAPE FEAR RIVERWATCH

617 SURRY ST
WILMINGTON,NC28401 		NONE PUBLIC CHARITY GENERAL 13,733

CATAMOUNT ARTS

ATT MAPLE ROOTS MUSIC FESTIVAL PO
BOX 324
SAINT JOHNSBURY,VT05819 		NONE PUBLIC CHARITY GENERAL 2,000

CHAMPLAIN VALLEY EXPOSITION

PO BOX 209
ESSEX JUNCTION,VT05452 		NONE PUBLIC CHARITY GENERAL 2,000

CHILL FOUNDATION

180 QUEEN CITY PARK ROAD
BURLINGTON,VT05401 		NONE PUBLIC CHARITY GENERAL 5,000

COMMUNITIES REVOLUTIONIZING OPEN PUBLIC S

PO BOX 256
LINWOOD,NJ08221 		NONE PUBLIC CHARITY GENERAL 25,000

COMMUNITY NURSE CONNECTION

PO BOX 1302
LEBANON,NH03766 		NONE PUBLIC CHARITY GENERAL 15,000

CONSCIOUS HOMESTEAD

21 RICHARD STREET
WINOOSKI,VT05404 		NONE PUBLIC CHARITY GENERAL 10,000

CONSIOUS ALLIANCE

3801 INDUSTRIAL LN
BROOMFIELD,CO80020 		NONE PUBLIC CHARITY GENERAL 13,733

COVENANT HOUSE NEW JERSEY

330 WASHINGTON STREET
NEWARK,NJ07102 		NONE PUBLIC CHARITY GENERAL 25,000

ECHO AT THE LEAHY CENTER FOR LAKE CHAMPLA

ONE COLLEGE STREET
BURLINGTON,VT05401 		NONE PUBLIC CHARITY GENERAL 50,000

DRUMSTRONG

1510 TWIFORD PL
CHARLOTTE,NC28207 		NONE PUBLIC CHARITY GENERAL 10,000

EDIBLE SCHOOLYARD NYC

PO BOX 737
NEW YORK,NY10163 		NONE PUBLIC CHARITY GENERAL 13,733

FOOD AND WATER WATCH

1616 P STREET NW STE 400
WASHINGTON,DC20036 		NONE PUBLIC CHARITY GENERAL 13,733

GENERATOR INC

40 SEARS LANE REAR
BURLINGTON,VT05401 		NONE PUBLIC CHARITY GENERAL 5,000

FORGOTTEN HARVEST

15000 W EIGHT MILE ROAD
OAK PARK,MI48237 		NONE PUBLIC CHARITY GENERALGENERAL 20,000

GROOVESAFE

14 CROSS STREET
STOW,MA01775 		NONE PUBLIC CHARITY GENERAL 15,000

HEAD COUNT INC

104 W 29TH STREET 11 FL
NEW YORK,NY10001 		NONE PUBLIC CHARITY GENERL 13,733

FOUNDATION OF THE BOARD OF TRUSTEES

1 NORTH TENNESSEE AVENUE
ATLANTIC CITY,NJ08401 		NONE PUBLIC CHARITY GENERAL 25,000

HUNGER FREE AMERICA

50 BROAD STREET 1103
NEW YORK,NY10004 		NONE PUBLIC CHARITY GENERAL GENERAL 38,733

FULL PLATES FULL POTENTIAL

14 MAIN STREET PO BOX 3
BRUNSWICK,ME04011 		NONE PUBLIC CHARITY GENERALGENERAL 12,045

GREEN MOUNTAIN CLUB

4711 WATERBURY-STOWE RD
WATERBURY CENTER,VT05677 		NONE PUBLIC CHARITY GENERAL 15,000

INTERVALE CENTER

180 INTERDALE ROAD
BURLINGTON,VT05401 		NONE PUBLIC CHARITY GENERAL 25,000

HARPETH CONSERVANCY

215 JAMESTOWN PARK SUITE 101
BRENTWOOD,TN37027 		NONE PUBLIC CHARITY GENERAL 7,703

KIDS ON THE BALL INC

19 LINDENWOOD DRIVE
SO BURLINGTON,VT05403 		NONE PUBLIC CHARITY GENERAL 10,000

KING STREET CENTER INC

PO BOX 1615
BURLINGTON,VT05402 		NONE PUBLIC CHARITY GENERAL 25,000

LAKE CHAMPLAIN COMMUNITY SAILING CENTER

PO BOX 64818
BURLINGTON,VT05401 		NONE PUBLIC CHARITY GENERAL 26,800

HISTORIC ORGAN RESTORATION COMMITTEE INC

2301 BOARDWALK
ATLANTIC CITY,NJ08401 		NONE PUBLIC CHARITY GENERAL 10,000

HUMANE SOCIETY OF ATLANTIC COUNTY

1401 ABSECON BOULEVARD
ATLANTIC CITY,NJ08401 		NONE PUBLIC CHARITY GENERAL 10,000

IN TANDEM ARTS

17 WARD STREET
BURLINGTON,VT05401 		NONE PUBLIC CHARITY GENERAL 5,000

JUSTICE INNOVATION INC

520 8TH AVENUE 18TH FL
NEW YORK,NY10018 		NONE PUBLIC CHARITY GENERAL 50,000

K12 GALLERY & TEJAS

341 S JEFFERSON ST
DAYTON,OH45402 		NONE PUBLIC CHARITY GENERAL 7,703

KIIN BEH EDUCATION CENTER FOUNDATION

1230 MAGDALENA CT
LOS ALTOS,CA94024 		NONE PUBLIC CHARITY GENERAL 75,000

LAMOILLE HOUSING PARTNERSHIP

PO BOX 637
MORRISVILLE,VT05661 		NONE PUBLIC CHARITY GENERAL 5,000

LINCOLNVILLE CENTRAL SCHOOL PTO

523 HOPE RD
LINCOLNVILLE,ME04849 		NONE PUBLIC CHARITY GENERAL 8,400

LOAVES AND FISHES FAMILY KITCHEN

1500 BERGER DRIVE
SAN JOSE,CA95112 		NONE PUBLIC CHARITY GENERAL 8,057

MIMI FISHMAN FOUNDATION

11939 MANCHESTER RD SUITE 230
DES PERES,MO63131 		NONE PUBLIC CHARITY GENERAL 10,000

LOOM ENSEMBLE

92 NORTH AVE 7
BURLINGTON,VT05401 		NONE PUBLIC CHARITY GENERAL 1,000

LOS ANGELES WATERKEEPER

360 E 2ND ST STE 250
LOS ANGELES,CA90012 		NONE PUBLIC CHARITY GENERAL 8,057

MCINDOES ACADEMY COMMUNITY CENTER

37 ACADEMY LANE PO BOX 129
MCINDOE FALLS,VT05050 		NONE PUBLIC CHARITY GENERAL 2,000

MUSIC IS A LANGUAGE INC

4410 QUIVAS ST
DENVER,CO80211 		NONE PUBLIC CHARITY GENERAL 13,733

NEIGHBORS IN ACTION

PO BOX 157
CABOT,VT05647 		NONE PUBLIC CHARITY GENERAL 5,000

NOFA-VT

PO BOX 697 14 PLEASANT ST
RICHMOND,VT05477 		NONE PUBLIC CHARITY GENERAL 30,000

NEW COMMUNITY PROJECT

575 RUBY BRACE RD STARKSBORO VT
05487
STARKSBORO,VT05487 		NONE PUBLIC CHARITY GENERAL 4,000

NORTHERN STAGE

76 GATES STREET
WHITE RIVER JUNCTION,VT05001 		NONE PUBLIC CHARITY GENERAL 3,000

PARTNERSHIP FOR LITERACY AND LEARNING

250 MAIN STREET SUITE 202
MONTPELIER,VT05602 		NONE PUBLIC CHARITY GENERAL 5,000

OUR COMMUNITY CARES CAMP

ATTN MARIE THOMAS PO BOX 503
RICHMOND,VT05477 		NONE PUBLIC CHARITY GENERAL 5,000

PET BUDDIES

PO BOX 18062
ATLANTA,GA30316 		NONE PUBLIC CHARITY GENERAL 13,733

PLAYERS PHILANTHROPY FUND

1121 KENILWORTH DR 201
TOWSON,MD21204 		NONE PUBLIC CHARITY GENERAL 87,000

PUGET SOUNDKEEPER

130 NICKERSON ST STE 207
SEATTLE,WA91809 		NONE PUBLIC CHARITY GENERAL 8,057

RICH EARTH INSTITUE

355 OLD FERRY ROAD
BRATTLEBORO,VT05301 		NONE PUBLIC CHARITY GENERAL 3,000

RICHMOND ELEMENTARY SCHOOL

125 SCHOOL STREET
RICHMOND,VT05477 		NONE PUBLIC CHARITY GENERAL 3,000

SMASH

PO BOX 60204
SEATTLE,WA98106 		NONE PUBLIC CHARITY GENERAL 8,057

STEPS TO END DOMESTIC VIOLENCE

PO BOX 1535
BURLINGTON,VT05402 		NONE PUBLIC CHARITY GENERAL 76,648

SOUTHWICK MUSIC HALL

392 S PROSPECT STREET
BURLINGTON,VT05405 		NONE PUBLIC CHARITY GENERALGENERAL 940

STOWE STORY LABS

PO BOX 513
STOWE,VT05762 		NONE PUBLIC CHARITY GENERAL 1,000

TENNESSE RIVERKEEPER INC

PO BOX 2594
DECATUR,AL35602 		NONE PUBLIC CHARITY GENERAL 21,435

THE ASSOCIATION FOR RESCUE AT SEA

PO BOX 565
FISH CREEK,WI54212 		NONE PUBLIC CHARITY GENERAL 4,750

THE CLIMATE CENTER

1275 4TH ST 191
SANTA ROSA,CA95404 		NONE PUBLIC CHARITY GENERAL 8,057

THE DRAKE HOUSE

10500 CLARA DR
ROSWELL,GA30075 		NONE PUBLIC CHARITY GENERAL 13,733

THE FLYNN CENTER

153 MAIN STREET
BURLINGTON,VT05401 		NONE PUBLIC CHARITY GENERAL 40,000

THE NIGHT MINISTRY

1735 NORTH ASHLAND AVE STE 2000
CHICAGO,IL60622 		NONE PUBLIC CHARITY GENERAL 7,703

THREE RIVERS WATERKEEPER

800 VINIAL ST STE B314
PITTSBURGH,PA15212 		NONE PUBLIC CHARITY GENERAL 13,733

TINY MUSEUM OF VT MUSIC HISTORY

PO BOX 428
BURLINGTON,VT05402 		NONE PUBLIC CHARITY GENERAL 5,500

TREEPEOPLE

12601 MULHOLLAND DRIVE
BEVERLY HILLS,CA90210 		NONE PUBLIC CHARITY GENERAL 8,057

UPSTREAMPGH

321 PENNWOOD AVE STE 202
PITTSBURGH,PA15221 		NONE PUBLIC CHARITY GENERAL 13,733

VERMONT PARKS FOREVER

PO BOX 815
MONTPELIER,VT05601 		NONE PUBLIC CHARITY GENERAL 20,000

UVM HOME HEALTH & HOSPICE

1110 PRIM ROAD
COLCHESTER,VT05446 		NONE PUBLIC CHARITY GENERAL 5,000

VERMONT AFGHAN ALLIANCE

E16 STONEHEDGE DRIVE
SO BURLINGTON,VT05403 		NONE PUBLIC CHARITY GENERAL 10,000

WOOD4GOOD

14 BUTTER CUP LANE
JERICHO,VT05465 		NONE PUBLIC CHARITY GENERAL 25,000

VERMONT COMMUNITY FOUNDATION

3 COURT STREET
MIDDLEBURY,VT05753 		NONE PUBLIC CHARITY GENERAL 800,000

VERMONT HUMANITIES COUNCIL

11 LOOMIS ST
MONTPELIER,VT05602 		NONE PUBLIC CHARITY GENERAL 1,000

VERMONT JOURNALISM TRUST

26 STATE ST SUITE 8
MONTPELIER,VT05602 		NONE PUBLIC CHARITY GENERAL 10,000

VERMONT RIVER CONSERVANCY

29 MAIN ST UNIT 11
MONTPELIER,VT05602 		NONE PUBLIC CHARITY GENERAL 5,000

VERMONT STUDIO CENTER

PO BOX 613 80 PEARL ST JOHNSON VT
05656
JOHNSON,VT05656 		NONE PUBLIC CHARITY GENERAL 2,000
Total .................................right arrow 3a 2,061,967
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		523000 45,945      
4 Dividends and interest from securities .... 523000 280,790      
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income ..... 900003 8,767      
8 Gain or (loss) from sales of assets other than
inventory ............ 		523000 122,035      
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 457,537 0 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
457,537
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2023)
Form 990-PF (2023)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
right arrow right arrow
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date Check if self-
employed right arrow		 PTIN
Firm's name SmallBullet
 Firm's EIN SmallBullet
Firm's address SmallBullet


 Phone no.
Form 990-PF (2023)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description
Schedule B
(Form 990)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2023
Name of the organization
THE WATERWHEEL FOUNDATION
 
Employer identification number

13-3948773
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ






Form 990-PF




Check if your organization is covered by the General Rule or a Special Rule.  
Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
Special Rules
......... Arrow Bullet $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (2023)
Schedule B (Form 990) (2023) Page 2
Name of organization
THE WATERWHEEL FOUNDATION
  		Employer identification number
13-3948773
Part I
Contributors
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
BOTTLENECK GALLERY
 
60 BROADWAY
 
BROOKLYN, NY11249

$ 20,540


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
2
STEPHEN KOSHLAND
 
110 MUSIC MOUNTAIN ROAD
 
FALLS VILLAGE, CT06031

$ 5,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
3
THE GIVING BACK FUND
 
5101 SANTA MONICA BLVD
 
LOS ANGELES, CA90029

$ 79,960


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
4
PHISH MAIL ORDER INC
 
420 LEXINGTON AVE STE 2520
 
NEW YORK, NY10170

$ 660,862


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
5
PHISH INC
 
420 LEXINGTON AVE STE 2520
 
NEW YORK, NY10170

$ 2,825,362


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
6
THE WRIGHT HAGER FOUNDATION
 
501 TRENTON AVE
 
PT PLEASANT, NJ08742

$ 5,000


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (2023)
Name of organization
THE WATERWHEEL FOUNDATION
  		Employer identification number
13-3948773
Part I
Contributors
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
7
HEAD COUNT INC
 
104 W 29TH STREET 11 FL
 
NEW YORK, NY10001

$ 15,802


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
8
KA FOUNDATION
 
806 N 23RD STREET
 
WILMINGTON, NC28405

$ 50,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
9
VAN DYKE FAMILY FOUNDATION
 
23436 LAND END ROAD
 
CHESTERTOWN, MD21620

$ 10,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 3
Name of organization
THE WATERWHEEL FOUNDATION
  		Employer identification number

13-3948773
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 4
Name of organization
THE WATERWHEEL FOUNDATION
  		Employer identification number

13-3948773
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (2023)
Additional Data


Software ID:  
Software Version:  

TY 2023 InvestmentsCorpStockSchedule
Name:
THE WATERWHEEL FOUNDATION
EIN:
13-3948773
Name of Stock End of Year Book Value End of Year Fair Market Value
CORPORATE STOCK 10,853,332 11,062,341

TY 2023 OtherAssetsSchedule
Name:
THE WATERWHEEL FOUNDATION
EIN:
13-3948773
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
PREPAID TAXES 5,600 5,600 5,600
DUE FROM PANINO & SONS 5,541    


TY 2023 OtherIncomeSchedule2
Name:
THE WATERWHEEL FOUNDATION
EIN:
13-3948773
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
MISCELLANEOUS 8,767 8,767 8,767


TY 2023 OtherLiabilitiesSchedule
Name:
THE WATERWHEEL FOUNDATION
EIN:
13-3948773
Description Beginning of Year - Book Value End of Year - Book Value
DIVIDED SKY FOUNDATION 205,208 13,065
PHISH MAIL ORDER INC 0 226


TY 2023 OtherProfessionalFeesSchedule
Name:
THE WATERWHEEL FOUNDATION
EIN:
13-3948773
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT ADVISORY FEES 28,807 28,807   0
OTHER PROFESSIONAL 153 0   0
MISCELLANEOUS 5,563 0   0
WEB COSTS 24 0   0
BANK CHARGES 15 0   0
FILING FEES 20 0   0


TY 2023 SubstantialContributorsSch
Name:
THE WATERWHEEL FOUNDATION
EIN:
13-3948773
Name Address
BOTTLENECK GALLERY
  		60 BROADWAY
S BURLINGTON,VT05403
BEN & JERRY'S
  		30 COMMUNITY DRIVE
S BURLINGTON,VT05403
THE WRIGHT-HAGER FOUNDATION
  		501 TRENTON AVE
PT PLEASANT,NJ08742
AMDUR FAMILY FOUNDATION
  		300 71ST STREET 620
MIAMI BEACH,FL33141
ASHERS CHOCOLATE CO
  		80 RAMBOLD ROAD
SOUDERTON,PA18964
PHISH MAIL ORDER
  		420 LEXINGTON AVE STE 2520
NEW YORK,NY10170
CHRISTOPHER MAS 88 FOREST LANE
APEX,NC27539
DELLORA & LESTER NORRIS FOUNDATION
  		3131 WINSLOW SQUARE
JACKSON,FL32207
PHISH INC
  		420 LEXINGTON AVE STE 2520
NEW YORK,NY10170
STEPHEN KOSKLAND 110 MUSIC MOUNTAIN ROAD
FALLS VILLAGE,CT06031
THE GIVING FUND
  		5101 SANTA MONICA BLVD
LOS ANGELES,CA90029


TY 2023 TaxesSchedule
Name:
THE WATERWHEEL FOUNDATION
EIN:
13-3948773
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
EXCISE TAX 5,000 0   0
FOREIGN TAX 3,933 0   0