Aquasol International Inc
- Assets
- $96.0k
- Revenue
- $81.9k
- Investments
- $0.0
- Employees
- 1
- Location
- Dade City, FL
- Founding
- 08/2019
- Data as of
- 12/2020
- EIN
- 35-2601496
Organization Overview
Aquasol International Inc is located in Dade City, FL. The organization was established in 2019. According to its NTEE Classification (Q31) the organization is classified as: International Agricultural Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Aquasol International 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 12/2020, Aquasol International Inc generated $81.9k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 14.6% each year . All expenses for the organization totaled $71.5k during the year ending 12/2020. While expenses have increased by 5.4% per year over the past 3 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
AQUASOL INTERNATIONAL IS A NONPROFIT ORGANIZATION FOCUSED ON DEVELOPING SUSTAINABLE FARMS, CREATING HOUSEHOLD INCOME, ACCESS TO NUTRITIOUS FOOD, AND RECONNECTING COMMUNITIES TO THE FOOD PROCESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUSTAINABLE FOOD PROGRAM
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Phillip Reasons President | Officer | 15 | $1,808 |
Steve Stewart Board Member | Trustee | 0.5 | $0 |
Oscar Palencia Board Member | Trustee | 0.5 | $0 |
Beau Walker Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $23,200 |
| Noncash contributions included in lines 1a–1f | $8,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $23,200 |
| Total Program Service Revenue | $58,746 |
| Investment income | $1 |
| 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 | $81,947 |
| 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. | $1,808 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,402 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $200 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,306 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $15 |
| Interest | $3,668 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $896 |
| All other expenses | $0 |
| Total functional expenses | $71,493 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,024 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $563 |
| 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 | $0 |
| Net Land, buildings, and equipment | $69,989 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,444 |
| Total assets | $96,020 |
| Accounts payable and accrued expenses | $0 |
| 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 | $30,978 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $44,919 |
| Total liabilities | $75,897 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $4,388 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $15,735 |
| Total liabilities and net assets/fund balances | $96,020 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Aquasol International Inc has recieved totaling $5.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Neverthirst Inc Birmingham, AL | $3,438,495 | $7,649,979 |
Echo Inc North Fort Myers, FL | $7,944,845 | $5,469,123 |
John Maxwell Leadership Foundation Inc Duluth, GA | $1,718,508 | $1,173,402 |
Africa Windmill Project Inc Winter Park, FL | $95,061 | $231,739 |
Restoration Ministries International Of Port St Lucie Inc Port St Lucie, FL | $0 | $0 |
Aquasol International Inc Dade City, FL | $96,020 | $81,947 |
Resources For Philippine Rural Communities Corporation Duluth, GA | $101,246 | $0 |
Haitian Youth Foundation Inc Miami, FL | $435 | $0 |