Water Well Trust Incorporated is located in Davidson, NC. The organization was established in 2010. According to its NTEE Classification (C32) the organization is classified as: Water Resources, Wetlands Conservation & Management, under the broad grouping of Environment and related organizations. As of 12/2021, Water Well Trust Incorporated employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Water Well Trust Incorporated 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 12/2021, Water Well Trust Incorporated generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 30.2% each year . All expenses for the organization totaled $1.1m during the year ending 12/2021. While expenses have increased by 28.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE WATER WELLS TO THOSE IN THE USA WHO DO NOT HAVE A SAFE DRINKING WATER SUPPLY IN THEIR HOMES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WATER WELL TRUST INC PROVIDED EDUCATION, FINANCIAL AID, AND DRILLED WELLS FOR FAMILIES IN THE USA WHO DID NOT HAVE A SAFE DRINKING WATER SUPPLY IN THEIR HOMES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Elizabeth Mcclain Treasurer | OfficerTrustee | 40 | $65,833 |
Ha Buzz Mills President | OfficerTrustee | 0.5 | $0 |
Stephen Anderson Past President | OfficerTrustee | 0.5 | $0 |
Robin Irwin Vice President | OfficerTrustee | 0.5 | $0 |
Jesse Richardson Secretary | OfficerTrustee | 0.5 | $0 |
Margaret Martens Program Director | Officer | 12 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $139,021 |
Related organizations | $0 |
Government grants | $607,564 |
All other contributions, gifts, grants, and similar amounts not included above | $480,047 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $1,226,632 |
Total Program Service Revenue | $483,154 |
Investment income | $10,400 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
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 | $1,730,280 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $65,833 |
Compensation of current officers, directors, key employees. | $9,875 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $76,391 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $11,759 |
Payroll taxes | $11,272 |
Fees for services: Management | $47,683 |
Fees for services: Legal | $5,200 |
Fees for services: Accounting | $14,754 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $2,972 |
Advertising and promotion | $0 |
Office expenses | $8,593 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $6,467 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $1,131 |
Insurance | $1,393 |
All other expenses | $10,946 |
Total functional expenses | $1,092,007 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $168,791 |
Savings and temporary cash investments | $100,002 |
Pledges and grants receivable | $252,994 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $1,128,368 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $3,500 |
Net Land, buildings, and equipment | $2,263 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $1,655,918 |
Accounts payable and accrued expenses | $56,470 |
Grants payable | $0 |
Deferred revenue | $0 |
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 | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $56,470 |
Net assets without donor restrictions | $1,374,580 |
Net assets with donor restrictions | $224,868 |
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 | $1,655,918 |
Over the last fiscal year, we have identified 4 grants that Water Well Trust Incorporated has recieved totaling $298,050.
Awarding Organization | Amount |
---|---|
The Community Foundation For Northeast Florida Inc Jacksonville, FL PURPOSE: TO PROVIDE GRANTS FOR 21 WELLS IN 2021 | $250,000 |
The Community Foundation For Northeast Florida Inc Jacksonville, FL PURPOSE: TO ASSIST WITH THE DRILLING OF A WELL TO BENEFIT THE PAIA LOWER EASTERN CHEROKEE NATION | $40,000 |
Community Foundation Of Sarasota County Inc Sarasota, FL PURPOSE: GENERAL SUPPORT | $8,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $50 |
Organization Name | Assets | Revenue |
---|---|---|
The Trust For Tomorrow Fairfield, NC | $3,019,390 | $8,833,485 |
James River Association Richmond, VA | $10,495,721 | $10,578,861 |
Restore Americas Estuaries Arlington, VA | $2,538,068 | $5,189,869 |
South Carolina Coastal Conservation League Inc Charleston, SC | $21,181,148 | $6,299,915 |
Wine To Water Boone, NC | $5,319,856 | $5,244,290 |
Cumberland River Compact Inc Nashville, TN | $19,056,025 | $3,153,928 |
South Carolina Waterfowl Association Pinewood, SC | $14,916,355 | $3,978,394 |
The Barn Group Land Trust Inc Brooks, GA | $16,806,852 | $12,541,051 |
Virgina Maritime Association Inc Norfolk, VA | $2,448,779 | $2,548,472 |
Chattahoochee Riverkeeper Inc Atlanta, GA | $5,712,357 | $2,159,639 |
South Carolina Rural Water Association Columbia, SC | $1,337,809 | $1,997,665 |
American Whitewater Sylva, NC | $2,189,173 | $2,094,145 |