Virginia · Nonprofit
WATERMAN'S DREAM INC (FORMERLY GUARDIAN ANGELS FUND INC)
WATERMAN'S DREAM INC (FORMERLY GUARDIAN ANGELS FUND INC) (Virginia) receives grants from 4 organizations whose IRS filings report $114,391 to it, the largest being PAYPAL CHARITABLE GIVING FUND ($55,444). 3 of them have funded it in more than one year, and 66% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- Revenue FY2021
- $13k
- Funders on record
- 4
- Grants received
- $114k
- Net assets
- $21k
What Waterman's Dream Inc (Formerly Guardian Angels Fund Inc) does
Mission
To raise funds for the benefit of disadvantaged children
As stated on its FY2021 Form 990-EZ.
Program
Wave warriors surf camp - fun and therapeutic family weekend getaway in virginia beach for injured service members and their families.
The first program described on its most recent Form 990-EZ.
The organization over time
Each line starts at 100 in 2019, so what you read is the shape rather than the size: 150 means half as much again as 2019, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2019 to 2020, from $122k to $18k (−86%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
100% of WATERMAN'S DREAM INC (FORMERLY GUARDIAN ANGELS FUND INC)’s revenue is contributions — more donation-reliant than the typical peer (92% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 1 of the last 3 reported years ran a deficit.
Who funds it, year by year
2018 → 2021: the base narrowed from 3 funders to 1 funder, grant income fell $41k → $11k.
2 of 4 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 66% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of WATERMAN'S DREAM INC (FORMERLY GUARDIAN ANGELS FUND INC)’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
WATERMAN'S DREAM INC (FORMERLY GUARDIAN ANGELS FUND INC) leans on a few funders — its largest provides 48% of grant income and the top three 97%; half comes from just 2 funders.
the vertical line marks half of all grant income — 2 funders to its left
100% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund WATERMAN'S DREAM INC (FORMERLY GUARDIAN ANGELS FUND INC).
Largest funder’s share by year: 2018 68% · 2019 53% · 2020 100% · 2021 100% — growing more concentrated.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
66% of WATERMAN'S DREAM INC (FORMERLY GUARDIAN ANGELS FUND INC)'s grant income arrives through donor-advised or pass-through sponsors, whose addresses record where the money is held rather than where the donor is. Of the $39k that is directly attributable, 100% of it comes from Virginia funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $75k arriving through sponsors registered in 2 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
WATERMAN'S DREAM INC (FORMERLY GUARDIAN ANGELS FUND INC) runs a healthier operating margin than half of the 2,969 environment nonprofits its size.
this organization peer median middle 50% of peers· 2,969 environment nonprofits under $100k, FY2021
Organizations like WATERMAN'S DREAM INC (FORMERLY GUARDIAN ANGELS FUND INC)
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Virginia
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Public support
100%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Screen this organization
A dated, signed PDF of the compliance screen for WATERMAN'S DREAM INC (FORMERLY GUARDIAN ANGELS FUND INC): IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds WATERMAN'S DREAM INC (FORMERLY GUARDIAN ANGELS FUND INC)?
- WATERMAN'S DREAM INC (FORMERLY GUARDIAN ANGELS FUND INC) (Virginia) receives grants from 4 organizations whose IRS filings report $114,391 to it, the largest being PAYPAL CHARITABLE GIVING FUND ($55,444). 3 of them have funded it in more than one year, and 66% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- How many funders does WATERMAN'S DREAM INC (FORMERLY GUARDIAN ANGELS FUND INC) have?
- IRS filings report 4 organizations giving $114,391 in grants to WATERMAN'S DREAM INC (FORMERLY GUARDIAN ANGELS FUND INC), 3 of which have funded it in more than one year.
- Who is the largest funder of WATERMAN'S DREAM INC (FORMERLY GUARDIAN ANGELS FUND INC)?
- PAYPAL CHARITABLE GIVING FUND is the largest funder on record, with $55,444 in grants. The full list of funders is on this page.
- How can an organization like WATERMAN'S DREAM INC (FORMERLY GUARDIAN ANGELS FUND INC) find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Virginia. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds Waterman's Dream Inc (Formerly Guardian Angels Fund Inc) →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2021 (financials across 2019–2021), and the filings of 4 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing