The Water Council Inc
- Assets
- $2.1m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 8
- Location
- Milwaukee, WI
- Founding
- 06/2009
- Data as of
- 12/2023
- EIN
- 26-4222978
Organization Overview
The Water Council Inc is located in Milwaukee, WI. The organization was established in 2009. According to its NTEE Classification (U21) the organization is classified as: Marine Science & Oceanography, under the broad grouping of Science & Technology and related organizations. As of 12/2023, Water Council Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Water Council Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Water Council Inc generated $1.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (4.2%) each year. All expenses for the organization totaled $1.6m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (3.1%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Water Council Inc has awarded 39 individual grants totaling $1,090,674. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ALIGN THE REGIONAL FRESH WATER RESEARCH COMMUNITY AND WATER-RELATED INDUSTRIES TO ESTABLISH (CONTINUED FROM PAGE 1 QUESTION 1) THE MILWAUKEE REGION AS THE GLOBAL CAPITAL FOR FRESH WATER RESEARCH AND EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCIENTIFIC COLLABORATION - FOR SUCCESSFUL DEVELOPMENT OF THE WATER CLUSTER, LINKAGES MUST BE DEVELOPED BETWEEN COMPANIES AND UNIVERSITIES. THE WATER COUNCIL IS BUILDING THESE CONNECTIONS BY DEVELOPING COMMUNICATION LINKS AND SYSTEMS THAT WILL ENABLE TECHNOLOGY TRANSFERS. THE COUNCIL IS ALSO WORKING WITH LOCAL WATER-RELATED COMPANIES AND ACADEMIC INSTITUTIONS TO DEVELOP NEW APPLICATIONS FOR NEW AND EXISTING TECHNOLOGIES, AND CREATE COLLABORATIVE OPPORTUNITIES IN WATER-RELATED SCIENTIFIC AND EDUCATIONAL PROGRAMS.
EDUCATION - THE WATER COUNCIL IS COORDINATING AN ORGANIZED AND NETWORKED SYSTEM OF WATER-RELATED INTERNSHIPS FOR EASIER ACCESS BY BOTH COMPANIES AND STUDENTS. THIS INITIATIVE WILL HELP BUILD A NETWORK OF ACADEMIC PROWESS THAT WILL BENEFIT NOT ONLY TALENTED STUDENTS, BUT COMPANIES LOOKING TO CONDUCT RESEARCH AND PRODUCT DEVELOPMENT IN A COLLABORATIVE FASHION.
RESEARCH - THE INHERENT HISTORIC CONFLICT BETWEEN HUMAN PRODUCTIVITY, HEALTH AND EXISTENCE ALONG WITH THE SUSTAINABILITY OF THE WORLD'S ECOSYSTEM IS ONE OF THE GRAND CHALLENGES OF THE 21ST CENTURY. THE WATER COUNCIL CLEARLY UNDERSTANDS THIS IMPORTANT ISSUE AND IS WORKING WITH A WIDE RANGE OF EXPERTS TO FIND SOLUTIONS INCLUDING, BUT NOT LIMITED TO, WATER-RELATED RESEARCHERS IN OUR HIGHER EDUCATION INSTITUTIONS, ENGINEERS WITH OUR WATER BUSINESSES AND TECHNICIANS WITH OUR PUBLIC WATER UTILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Stern Chair | OfficerTrustee | 1 | $0 |
Ken Bockhorst Vice Chair | OfficerTrustee | 1 | $0 |
Scott Beightol Treasurer | OfficerTrustee | 1 | $0 |
Kirk Allen Director | Trustee | 1 | $0 |
Steve Booth Director | Trustee | 1 | $0 |
Joel Brennan Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $323,400 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $317,588 |
| All other contributions, gifts, grants, and similar amounts not included above | $157,262 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $798,250 |
| Total Program Service Revenue | $805,569 |
| Investment income | $67 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$178,719 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,428,929 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $30,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $8,700 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $214,642 |
| Compensation of current officers, directors, key employees. | $6,531 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $581,235 |
| Pension plan accruals and contributions | $30,366 |
| Other employee benefits | $56,911 |
| Payroll taxes | $55,177 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,217 |
| Fees for services: Accounting | $48,221 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $206,736 |
| Advertising and promotion | $12,562 |
| Office expenses | $69,955 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $62,606 |
| Travel | $37,804 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $88,260 |
| Interest | $17,032 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $38,811 |
| Insurance | $7,141 |
| All other expenses | $0 |
| Total functional expenses | $1,588,740 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $54,628 |
| Savings and temporary cash investments | $243,205 |
| Pledges and grants receivable | $136,252 |
| Accounts receivable, net | $178,338 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,494 |
| Net Land, buildings, and equipment | $21,979 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,485,076 |
| Total assets | $2,124,972 |
| Accounts payable and accrued expenses | $55,737 |
| Grants payable | $30,000 |
| Deferred revenue | $230,695 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $250,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,860,696 |
| Total liabilities | $2,427,128 |
| Net assets without donor restrictions | -$473,030 |
| Net assets with donor restrictions | $170,874 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,124,972 |
Grants Awarded
Over the last fiscal year, The Water Council Inc has awarded $30,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
AQUAGGA INC PURPOSE: TECH CHALLENGE AWARD | $10,000 |
PIPESONIC USA INC PURPOSE: TECH CHALLENGE AWARD | $10,000 |
SEAREN LLC PURPOSE: TECH CHALLENGE AWARD | $10,000 |