Operation Water Inc
- Assets
- $1.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Rehoboth Beach, DE
- Founding
- 07/2018
- Data as of
- 12/2023
- EIN
- 81-1644787
Organization Overview
Operation Water Inc is located in Rehoboth Beach, DE. The organization was established in 2018. According to its NTEE Classification (Q32) the organization is classified as: International Economic 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. Operation Water 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 12/2023, Operation Water Inc generated $83.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (8.7%) each year. All expenses for the organization totaled $81.5k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (12.4%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
WE ARE CURRENTLY DEVELOPING OUR FIRST SET OF WATER INFRASTRUCTURE PROJECTS IN MOZAMBIQUE. WE HAVE HAD TO PAY ENGINEERING CONSULTANTS LEGAL CONSULTANTS FINANCIAL CONSULTANTS TRANSLATOR CONSULTANTS AND OTHER CONSULTANTS TO ADVANCE OUR PROJECTS. SINCE THE PROJECTS HAVE NOT YET BEEN BUILT PEOPLE HAVE NOT YET BENEFITTED FROM THE PROJECTS. WE ARE CURRENTLY FINALIZING THE CONCESSION CONTRACT AND SPEAKING WITH FINANCIERS TO RAISE CAPITAL FOR 8 WATER SYSTEMS WHICH IS PROJECTED TO SERVE ~400K PEOPLE IN MOZAMBIQUE WITH AFFORDABLE SUSTAINABLE ACCESS TO CLEAN WATER FOR THE NEXT 30 YEARS THE LIFE OF THE CONCESSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ryan Phillips-Page CEO And Board Director | 65 | $0 | |
Yogesh Mago President And Board Director | 40 | $0 | |
Marco Di Girolamo Board Director | 10 | $0 | |
Mian Azmy Board Director | 5 | $0 | |
Maria Aldous Catalyst Club President And Board Director | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $83,264 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $83,264 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $36,025 |
| Professional fees and other payments to independent contractors | $6,971 |
| Occupancy, rent, utilities, and maintenance | $2,400 |
| Printing, publications, postage, and shipping | $262 |
| Other expenses | $35,798 |
| Total expenses | $81,456 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $1,945 |
| Other assets | $0 |
| Total assets | $1,945 |
| Total liabilities | $42,217 |
| Net assets or fund balances | -$40,272 |