Waterstep Inc
- Assets
- $1.7m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 14
- Location
- Louisville, KY
- Founding
- 10/1995
- Data as of
- 12/2022
- EIN
- 61-1262016
Organization Overview
Waterstep Inc, operating under the name WaterStep, is located in Louisville, KY. The organization was established in 1995. According to its NTEE Classification (O55) the organization is classified as: Youth Development - Religious Leadership, under the broad grouping of Youth Development and related organizations. As of 12/2022, WaterStep employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. WaterStep 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 12/2022, WaterStep generated $1.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $1.5m during the year ending 12/2022. While expenses have increased by 6.2% per year over the past 6 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
WATERSTEP EMPOWERS INDIVIDUALS AND COMMUNITIES TO MEET THEIR OWN WATER NEEDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2022 WATERSTEP (WS) IMPACTED 3.4 MILLION LIVES BY PROVIDING ACCESS TO SAFE WATER, SANITATION, AND HEALTH EDUCATION, BRINGING OUR GRAND TOTAL TO JUST OVER 8.6 MILLION LIVES SERVED. WE DID THIS WITH SUPPORT OF HUNDREDS OF VOLUNTEERS, INCLUDING AN ALL-VOLUNTEER MANUFACTURING/ASSEMBLY TEAM. IN 2022, WS DEPLOYED 1,025 PIECES OF EQUIPMENT IN 27 COUNTRIES, UP FROM 377 IN 2021. WE HAD 43 INTERNATIONAL FIELD CONSULTANTS WORKING ON 604 (UP FROM 484 IN 2021) WATER AND/OR DISINFECTANT PROJECTS ACROSS THE GLOBE. WE RESPONDED TO SEVERAL DISASTER SITUATIONS WITH THE TWO LARGEST BEING THE DEVASTATING WAR IN UKRAINE AND THE EASTERN KENTUCKY FLOODS. OUR COMMUNITY EDUCATION AND ENGAGEMENT PROGRAM PROVIDED 134,000 POUNDS OF GENTLY USED SHOES TO BE REPURPOSED AND USED AROUND THE WORLD TO BENEFIT OTHERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Hogg CEO & Founder | OfficerTrustee | 40 | $81,119 |
Rahul Bawa President | OfficerTrustee | 1 | $0 |
Dr Sam Yared Vice President | OfficerTrustee | 1 | $0 |
Garrison Cox Secretary | OfficerTrustee | 1 | $0 |
Larry Snyder Treasurer | OfficerTrustee | 1 | $0 |
Vaughn Bell Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $34,052 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,227,225 |
| Noncash contributions included in lines 1a–1f | $5,280 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,261,277 |
| Total Program Service Revenue | $0 |
| Investment income | $55 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $24,600 |
| Net Gain/Loss on Asset Sales | -$7,573 |
| Net Income from Fundraising Events | $65,086 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $207,443 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,552,530 |
| 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. | $155,099 |
| Compensation of current officers, directors, key employees. | $21,885 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $479,975 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $28,175 |
| Payroll taxes | $36,906 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,200 |
| Fees for services: Accounting | $12,766 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $18,103 |
| Advertising and promotion | $43,509 |
| Office expenses | $99,092 |
| Information technology | $57,867 |
| Royalties | $0 |
| Occupancy | $36,694 |
| Travel | $22,253 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,017 |
| Interest | $11,202 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $107,121 |
| Insurance | $19,692 |
| All other expenses | $0 |
| Total functional expenses | $1,546,842 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $540,816 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,399 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $304,925 |
| Prepaid expenses and deferred charges | $15,897 |
| Net Land, buildings, and equipment | $859,977 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $15,162 |
| Total assets | $1,745,176 |
| Accounts payable and accrued expenses | $78,237 |
| 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 | $260,902 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $339,139 |
| Net assets without donor restrictions | $1,234,389 |
| Net assets with donor restrictions | $171,648 |
| 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 | $1,745,176 |