OVERFALLS FOUNDATION

EIN: 510404500 501(c)(3) Arts, Culture & Humanities

LEWES, DE

Total Revenue
$213,226
Total Expenses
$119,639
Total Assets
$2,095,643
Net Assets
$2,095,643
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2000
Legal Domicile
DE
Principal Officer
CINDY CASTELLANA
Phone
3028241499
Tax Period
2024-01-01 to 2024-12-31

OVERFALLS FOUNDATION, founded in 2000, is a small nonprofit in the Arts, Culture & Humanities sector that reported $213K in total revenue in fiscal year 2024. Revenue surged 90% from the prior year, signaling strong growth momentum. The organization ran a surplus of $94K, a strong 44% operating margin.

Mission

THE MISSION OF THE OVERFALLS FOUNDATION IS TO PRESERVE, TEACH, AND HONOR THE UNITED STATES LIGHTSHIP SERVICE AND THE MARITIME HISTORY OF OUR COMMUNITY THROUGH PRESERVATION AND DISPLAY OF THE LIGHTSHIP OVERFALLS (LV- 118) AND ITS COLLECTION OF ASSOCIATED MARITIME ARTIFACTS. TO PROVIDE A WORLD-CLASS MUSEUM EXPERIENCE THAT HONORS, PRESERVES, AND PROMOTES THE VALUABLE CONTRIBUTONS OF THE UNITED STATES LIGHTSHIP SERVICE TO THIS NATION'S HISTORY. TO OBTAIN NATIONAL RECOGNITION AS A LEADER IN PROMOTING THE CULTURAL SIGNIFICANCE OF MARITIME HISTORY IN OUR COMMUNITY. TO BE GOOD STEWARDS OF THE GENEROUS CONTRIBUTIONS OF OUR DONORS, SPONSORS, AND VOLUNTEERS BY LEVERAGING THOSE CONTRIBUTIONS TO PROVIDE INTERACITIVE EDCUATIONAL EXPERIENCES THAT HAVE A LASTING AND POSITIVE IMPACT.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $145,113
Program Service Revenue $9,457
Investment Income $44,135
Other Revenue $14,521
TOTAL REVENUE $213,226

Expense Breakdown

Grants Paid $2,500
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $84,749
Other Expenses $117,139
TOTAL EXPENSES $119,639

Year-over-Year Comparison

2024 2023 Change
Revenue $213,226 $112,155 +0.9%
Expenses $119,639 $150,403 -0.2%
Net Income $93,587 $-38,248 -3.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
11
Independent Members
11
Employees
N/A
Volunteers
120

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN BOLSTER BOARD MEMBER 4.00
Director
$0 $0 $0
CINDY CASTELLANA TREASURER 12.00
Officer Director
$0 $0 $0
AL CYBART BOARD MEMBER 2.00
Director
$0 $0 $0
TED HACK BOARD MEMBER 2.00
Director
$0 $0 $0
PATTY JACKSON SECRETARY 4.00
Officer Director
$0 $0 $0
MATT KENNEDY BOARD MEMBER 6.00
Director
$0 $0 $0
J PATRICK LYNCH BOARD MEMBER 12.00
Director
$0 $0 $0
BOB MURPHY BOARD MEMBER 3.00
Director
$0 $0 $0
BRIAN NORTH BOARD MEMBER 1.00
Director
$0 $0 $0
DAVE SHOOK PRESIDENT 11.00
Officer Director
$0 $0 $0
HOLLI WITTMAN BOARD MEMBER 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $213,226 $119,639 $2,095,643 $93,587
2023 $112,155 $150,403 $2,002,056 $-38,248
2022 $93,409 $137,415 $2,040,304 $-44,006
2021 $183,760 $106,584 $2,084,310 $77,176
2020 $89,785 $97,678 $2,007,134 $-7,893
2019 $104,672 $101,106 $2,015,027 $3,566
2018 $74,920 $86,475 $2,011,461 $-11,555
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