Waterstart is located in Las Vegas, NV. The organization was established in 2014. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, Waterstart employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Waterstart is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 06/2022, Waterstart generated $368.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (18.8%) each year. All expenses for the organization totaled $511.8k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (11.6%) per year over the past 6 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
WATERSTART IS A NON-PROFIT ASSOCIATION OF PUBLIC & PRIVATE WATER MANAGERS DEDICATED TO THE COMMERCIALIZATION OF TECHNOLOGIES TO ADVANCE WATER TREATMENT, CONSERVATION AND SUSTAINABILITY. THROUGH COLLABORATION AND THE USE OF BEST PRACTICES, WE ENDEAVOR TO EXPLORE WATER ISSUES AS WE IMPROVE ECONOMIC DIVERSIFICATION AND EXPANSION, AND WORKFORCE DEVELOPMENT. WATERSTART SEEKS TO BE THE WORLD LEADER IN WATER TECHNOLOGY, CONCENTRATING ON CONSERVATION, RESOURCE PLANNING, PUMPING, TREATMENT, STORAGE, DISTRIBUTION AND REUSE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMERICALIZATION OF WATER RELATED TECHNOLOGIES. FUNDED THE PILOT OF NEW WATER TECHNOLOGIES WITH MEMBERS. COSTS INCLUDE TIME AND MATERIALS FOR INSTALLATION AND REVIEW OF PROJECTS.
ECONOMIC DEVELOPMENT IN THE WATER SECTOR BY LEVERAGING AND COORDINATING THE EXPERTISE AND INFRASTRUCTURE OF PARTNER ORGANIZATIONS TO PROVIDE WATER INNOVATION SERVICES TO WATER MANAGEMENT AGENCIES, TECHNOLOGY COMPANIES. RUNNING RFPS, PUBLISHING & SHARING OUTCOMES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Nathan Allen Executive Director | Trustee | 35 | $149,363 |
Dave Johnson Chairman | OfficerTrustee | 0 | $0 |
Cindy Ortega Treasurer/secretary | OfficerTrustee | 0 | $0 |
Mark Foree Director | Trustee | 0 | $0 |
Patricia Mulroy Director | Trustee | 0 | $0 |
Jonas Peterson Director | Trustee | 0 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $294,584 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $35,564 |
All other contributions, gifts, grants, and similar amounts not included above | $0 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $330,148 |
Total Program Service Revenue | $37,915 |
Investment income | $0 |
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 | $368,063 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $11,700 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $9,094 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $163,909 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $167,955 |
Pension plan accruals and contributions | $16,300 |
Other employee benefits | $16,051 |
Payroll taxes | $27,890 |
Fees for services: Management | $0 |
Fees for services: Legal | $1,485 |
Fees for services: Accounting | $14,490 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $19,531 |
Advertising and promotion | $6,736 |
Office expenses | $2,577 |
Information technology | $11,823 |
Royalties | $0 |
Occupancy | $4,380 |
Travel | $19,496 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $2,858 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $5,685 |
All other expenses | $0 |
Total functional expenses | $511,819 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $623,536 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
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 | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $8 |
Total assets | $623,544 |
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 | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $0 |
Net assets without donor restrictions | $0 |
Net assets with donor restrictions | $0 |
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 | $623,544 |
Total liabilities and net assets/fund balances | $623,544 |
Over the last fiscal year, Waterstart has awarded $257,442 in support to 2 organizations.
Grant Recipient | Amount |
---|---|
SOUTHERN NEVADA WATER AUTHORITY PURPOSE: PILOT CONTRIBUTIONS | $227,442 |
KLIR INC PURPOSE: PILOT CONTRIBUTIONS | $30,000 |