Waterequity Inc
- Assets
- $22.8m
- Revenue
- $5.4m
- Investments
- $0.0
- Employees
- 19
- Location
- Kansas City, MO
- Founding
- 06/2017
- Data as of
- 12/2022
- EIN
- 81-4109426
Organization Overview
Waterequity Inc is located in Kansas City, MO. The organization was established in 2017. According to its NTEE Classification (Q30) the organization is classified as: International Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2022, Waterequity Inc employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Waterequity 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 12/2022, Waterequity Inc generated $5.4m 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 (7.5%) each year. All expenses for the organization totaled $4.8m during the year ending 12/2022. 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
TO FOSTER AN ENDURING INVESTMENT CAPITAL MARKET THAT ACCELERATES UNIVERSAL ACCESS TO SAFE WATER AND SANITATION IN LOW- AND MIDDLE-INCOME COUNTRIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WATEREQUITY IS THE FIRST ASSET MANAGER EXCLUSIVELY FOCUSED ON SOLVING ONE OF THE MOST URGENT ISSUES OF OUR TIME - THE GLOBAL WATER AND SANITATION CRISIS. TO DATE, WATEREQUITY HAS REACHED 4.1 MILLION PEOPLE WITH ACCESS TO SAFE WATER AND/OR SANITATION; 96% OF THE PEOPLE SUPPORTED BY THE ORGANIZATION ARE WOMEN, AND 65% EARN BELOW A LIVING INCOME.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Moyer Chief Investment Officer | Officer | 50 | $270,693 |
Catherine Colyer COO & Chief Compliance Officer | Officer | 50 | $205,118 |
Elan Emanuel Chief Inv. Relations Officer | Officer | 50 | $197,581 |
Genevieve Edens Director, Impact & Esg | 50 | $164,502 | |
Cheryl Wright Dir., Investment Compliance | 50 | $155,668 | |
Jessica O'neill Director, Communications | 50 | $145,095 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Raymond A Clamp Consulting | 12/30/22 | $215,397 |
Sridhar Sampath Consulting | 12/30/22 | $165,766 |
Arnold Porter Kaye Scholer Llp Legal Consulting | 12/30/22 | $114,498 |
Amit Agarwal Consulting | 12/30/22 | $128,116 |
Singara Advisory Pte Ltd Consulting | 12/30/22 | $150,137 |
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 | $2,123,811 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,123,811 |
| Total Program Service Revenue | $3,113,915 |
| Investment income | $150,332 |
| 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 | $5,388,130 |
| 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. | $1,110,924 |
| Compensation of current officers, directors, key employees. | $30,033 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,449,059 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $140,664 |
| Payroll taxes | $162,322 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $272,920 |
| Fees for services: Accounting | $167,729 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,169,245 |
| Advertising and promotion | $9,900 |
| Office expenses | $35,932 |
| Information technology | $10,220 |
| Royalties | $0 |
| Occupancy | $15,600 |
| Travel | $153,548 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,210 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $16,151 |
| All other expenses | $0 |
| Total functional expenses | $4,756,685 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $10,129,709 |
| Pledges and grants receivable | $3,000,000 |
| Accounts receivable, net | $210,844 |
| 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 | $149,219 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $4,196,415 |
| Intangible assets | $0 |
| Other assets | $5,141,965 |
| Total assets | $22,828,152 |
| Accounts payable and accrued expenses | $671,346 |
| 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 | $2,407,730 |
| Other liabilities | $0 |
| Total liabilities | $3,079,076 |
| Net assets without donor restrictions | $18,674,076 |
| Net assets with donor restrictions | $1,075,000 |
| 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 | $22,828,152 |