Neverthirst Inc
- Assets
- $3.4m
- Revenue
- $7.6m
- Investments
- $0.0
- Employees
- 12
- Location
- Birmingham, AL
- Founding
- 02/2009
- Data as of
- 12/2021
- EIN
- 45-0594639
Organization Overview
Neverthirst Inc is located in Birmingham, AL. The organization was established in 2009. 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. As of 12/2021, Neverthirst Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Neverthirst 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 12/2021, Neverthirst Inc generated $7.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 24.2% each year . All expenses for the organization totaled $7.1m during the year ending 12/2021. While expenses have increased by 26.0% 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
NEVERTHIRST IS A FAITH-BASED NON PROFIT WHICH PROVIDES CLEAN WATER TO THE POOR THROUGH THE LOCAL CHURCH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NEVERTHIRST RECEIVES CONTRIBUTIONS WHICH ARE USED FOR ITS MISSION WORK IN UGANDA, MYANMAR, SOUTH SUDAN, CHAD, NIGER, INDIA, CAMBODIA, NEPAL AND OTHER UNDER-DEVELOPED COUNTRIES WHERE IT DEVELOPS & BUILDS FRESH WATER WELLS AND OTHER WATER PROJECTS FOR TOWNS OR VILLAGES AS WELL AS SHARES THE WORD OF GOD. NEVERTHIRST ONLY HAS ONE PROGRAM SERVICE WHICH IS THE COSTS ASSOCIATED WITH PROVIDING WELLS AND OTHER WATER PROJECTS AND RELATED COSTS THROUGH THE LOCAL CHURCH IN AFRICIA AND ASIA. NEVERTHIRST HAS ALSO WORKED WITH THE ASSOCIATION OF RELATED CHURCHES IN THE US (ARC) THAT HAS WORKED TO PLANT CHURCHES IN THE US WHICH IN TURN WILL FACILITATE FUTURE FUNDING OPPORTUNITIES FOR NEVERTHIRST FOR FURTHERING ITS PRIMARY EXEMPT PURPOSE OF ASSISTING UNDEVELOPED COUNTRIES SUCH AS SUDAN, SOUTH SUDAN, INDIA, CAMBODIA AND NEPAL WHILE SHARING THE GOSPEL WITH THE SURROUNDING COMMUNITY. IT IS NEVERTHIRST'S GOAL TO PROVIDE BOTH DRINKING WATER & MORE IMPORTANTLY SPIRITUAL WATER TO THE RESIDENTS IN THESE AREAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matt Letourneau Executive Dir. | Trustee | 40 | $161,809 |
Brandon Gossett Director Of Dev | Trustee | 40 | $113,548 |
Jeremy Long Director | Trustee | 0 | $0 |
Forrest Walden Director | Trustee | 0 | $0 |
Chris Prier Director | Trustee | 0 | $0 |
Greg Sankey Director | Trustee | 0 | $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 | $7,201,757 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,201,757 |
| Total Program Service Revenue | $0 |
| Investment income | $362 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $341,767 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,649,979 |
| 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. | $318,779 |
| Compensation of current officers, directors, key employees. | $78,177 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $655,148 |
| 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 | $36,016 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $61,488 |
| Travel | $34,872 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,500 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,107 |
| Insurance | $55,636 |
| All other expenses | $134,648 |
| Total functional expenses | $7,068,960 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,561,284 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $746,269 |
| 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 | $2,375 |
| Net Land, buildings, and equipment | $128,567 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,438,495 |
| Accounts payable and accrued expenses | $54,504 |
| 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 | $54,504 |
| Net assets without donor restrictions | $719,032 |
| Net assets with donor restrictions | $2,664,959 |
| 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 | $3,438,495 |
Grants Recieved
Over the last fiscal year, we have identified 20 grants that Neverthirst Inc has recieved totaling $2,063,905.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: POVERTY | $1,078,948 |
Servant Foundation Overland Park, KS PURPOSE: COMMUNITY DEVELOPMENT | $590,639 |
Raygar Foundation Lindale, TX PURPOSE: WHERE NEEDED MOST | $182,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: INTERNATIONAL, FOREIGN AFFAIRS | $70,700 |
American Endowment Foundation Hudson, OH PURPOSE: RELIGION | $35,000 |
Communities Foundation Of Texas Dallas, TX PURPOSE: THIS GRANT IS DESIGNATED FOR GENERAL SUPPORT. | $27,500 |
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 |
Flint Global Partners Inc Cookeville, TN | $61,536 | $391,579 |
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 |
Firekeepers International Mohawk, TN | $47,351 | $112,117 |
Aquasol International Inc Dade City, FL | $96,020 | $81,947 |
Resources For Philippine Rural Communities Corporation Duluth, GA | $101,246 | $0 |
Agricultural Missions Foundation Limited Terry, MS | $19,584 | $30,852 |
Haitian Youth Foundation Inc Miami, FL | $435 | $0 |