Wateree Dreams Foundation

Rock Hill, SC
Tax-exempt since March 1999
EIN: 56-2112579

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Public Foundations (NTEE)

Donations to this organization are tax deductible.

Revenue

$227k (2024)

Expenses

$75.7k (2024)

Total Assets

$921k (2024)

Total Liabilities

$0 (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Revenue

$227,461

Expenses

$75,723

Net Income

$151,738

Net Assets

$920,764

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$15,440	6.8%
Interest Revenue	$14,283	6.3%
Dividends	$9,550	4.2%
Sales of Assets	$188,188	82.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$68,900	91.0%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$920,764
Total Liabilities	$0
Net Assets	$920,764

Compensation

Key Employees and Officers	Compensation	Other
Richard K Carlisle (President)	$0	$0
Kay M Carlisle (Secretary)	$0	$0

990-PF

Filed on May 9, 2025

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2023

Revenue

$31,354

Expenses

$82,307

Net Income

-$50,953

Net Assets

$858,644

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$15,465	49.3%
Interest Revenue	$13,643	43.5%
Dividends	$7,363	23.5%
Sales of Assets	-$5,117
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$74,200	90.2%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$858,644
Total Liabilities	$0
Net Assets	$858,644

Compensation

Key Employees and Officers	Compensation	Other
Richard K Carlisle (President)	$0	$0
Kay M Carlisle (Secretary)	$0	$0

990-PF

Filed on April 7, 2024

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2022

Revenue

$16,567

Expenses

$95,542

Net Income

-$78,975

Net Assets

$920,593

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$12,137	73.3%
Dividends	$1,075	6.5%
Sales of Assets	$3,355	20.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$87,020	91.1%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$920,593
Total Liabilities	$0
Net Assets	$920,593

Compensation

Key Employees and Officers	Compensation	Other
Richard K Carlisle (President)	$0	$0
Kay M Carlisle (Secretary)	$0	$0

990-PF

Filed on Feb. 24, 2023

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2021

Revenue

$72,402

Expenses

$83,151

Net Income

-$10,749

Net Assets

$900,004

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$15,440	21.3%
Interest Revenue	$11,657	16.1%
Dividends	$14,793	20.4%
Sales of Assets	$30,512	42.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$81,400	97.9%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$900,004
Total Liabilities	$0
Net Assets	$900,004

Compensation

Key Employees and Officers	Compensation	Other
Richard K Carlisle (President)	$0	$0
Kay M Carlisle (Secretary)	$0	$0

990-PF

Filed on April 22, 2022

Primary tax return for a private foundation's activities, finances, and governance

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XML

Fiscal Year Ending Dec.
2020

Revenue

$98,834

Expenses

$82,537

Net Income

$16,297

Net Assets

$968,222

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$11,479	11.6%
Dividends	$22,372	22.6%
Sales of Assets	$64,983	65.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$80,800	97.9%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$968,223
Total Liabilities	$1
Net Assets	$968,222

Compensation

Key Employees and Officers	Compensation	Other
Richard K Carlisle (President)	$0	$0
Kay M Carlisle (Secretary)	$0	$0

990-PF

Filed on April 15, 2021

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2019

Revenue

$87,414

Expenses

$80,405

Net Income

$7,009

Net Assets

$990,119

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$35,879	41.0%
Interest Revenue	$12,861	14.7%
Dividends	$9,168	10.5%
Sales of Assets	$29,506	33.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$79,940	99.4%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$990,120
Total Liabilities	$1
Net Assets	$990,119

Compensation

Key Employees and Officers	Compensation	Other
Richard K Carlisle (President)	$0	$0
Kay M Carlisle (Secretary)	$0	$0

990-PF

Filed on April 13, 2020

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2018

Revenue

$51,674

Expenses

$93,566

Net Income

-$41,892

Net Assets

$1,016,666

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$15,768	30.5%
Dividends	$9,650	18.7%
Sales of Assets	$26,256	50.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$83,940	89.7%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,016,666
Total Liabilities	$0
Net Assets	$1,016,666

Compensation

Key Employees and Officers	Compensation	Other
Richard K Carlisle (President)	$0	$0
Kay M Carlisle (Secretary)	$0	$0

990-PF

Filed on March 15, 2019

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2017

Revenue

$38,000

Expenses

$74,909

Net Income

-$36,909

Net Assets

$1,056,340

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$15,012	39.5%
Dividends	$13,746	36.2%
Sales of Assets	$9,242	24.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$65,481	87.4%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,056,340
Total Liabilities	$0
Net Assets	$1,056,340

Compensation

Key Employees and Officers	Compensation	Other
Richard K Carlisle (President)	$0	$0
Kay M Carlisle (Secretary)	$0	$0

990-PF

Filed on April 2, 2018

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2016

Revenue

$40,279

Expenses

$76,959

Net Income

-$36,680

Net Assets

$1,090,799

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$14,560	36.1%
Dividends	$14,218	35.3%
Sales of Assets	$11,501	28.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$67,800	88.1%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,090,799
Total Liabilities	$0
Net Assets	$1,090,799

Compensation

Key Employees and Officers	Compensation	Other
Richard K Carlisle (President)	$0	$0
Kay M Carlisle (Secretary)	$0	$0

990-PF

Filed on March 20, 2017

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2015

Revenue

$24,691

Expenses

$83,327

Net Income

-$58,636

Net Assets

$1,126,429

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$17,768	72.0%
Dividends	$15,986	64.7%
Sales of Assets	-$9,063
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$64,800	77.8%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,126,429
Total Liabilities	$0
Net Assets	$1,126,429

Compensation

Key Employees and Officers	Compensation	Other
Richard K Carlisle (President)	$0	$0
Kay M Carlisle (Secretary)	$0	$0

990-PF

Filed on March 31, 2016

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2014

Revenue

$68,012

Expenses

$83,959

Net Income

-$15,947

Net Assets

$1,181,342

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$18,807	27.7%
Dividends	$17,294	25.4%
Sales of Assets	$31,911	46.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$0
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,181,342
Total Liabilities	$0
Net Assets	$1,181,342

Compensation

Key Employees and Officers	Compensation	Other
Richard K Carlisle (President)	$0	$0
Kay M Carlisle (Secretary)	$0	$0

990-PF

Filed on Nov. 16, 2015

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2013

Revenue

$65,604

Expenses

$81,568

Net Income

-$15,964

Net Assets

$1,196,533

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$25,026	38.1%
Dividends	$17,754	27.1%
Sales of Assets	$22,824	34.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$64,033	78.5%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,196,533
Total Liabilities	$0
Net Assets	$1,196,533

Compensation

Key Employees and Officers	Compensation	Other
Richard K Carlisle (President)	$0	$0
Kay M Carlisle (Secretary)	$0	$0

990-PF

Filed on July 29, 2014

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2012

Revenue

$99,455

Expenses

$82,744

Net Income

$16,711

Net Assets

$1,212,496

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$27,934	28.1%
Dividends	$11,877	11.9%
Sales of Assets	$59,644	60.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$65,847	79.6%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,212,497
Total Liabilities	$1
Net Assets	$1,212,496

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$46,124

Expenses

$79,883

Net Income

-$33,759

Net Assets

$1,199,642

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$31,219	67.7%
Dividends	$10,706	23.2%
Sales of Assets	$4,199	9.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$62,700	78.5%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,199,642
Total Liabilities	$0
Net Assets	$1,199,642

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

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Updated March 23, 2026

Wateree Dreams Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $227k (2024)

Expenses $75.7k (2024)

Total Assets $921k (2024)

Total Liabilities $0 (2024)

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

Revenue

$227k (2024)

Expenses

$75.7k (2024)

Total Assets

$921k (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Dec.
2024

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