Waterequity Inc
- Assets
- $22.2m
- Revenue
- $3.7m
- Investments
- $0.0
- Employees
- 16
- Location
- Kansas City, MO
- Founding
- 06/2017
- Data as of
- 12/2021
- 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 12/2021, Waterequity Inc employed 16 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
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. IN 2021, WATEREQUITY REACHED 956,000 PEOPLE WITH IMPROVED WATER AND SANITATION ACCESS, BRINGING THE ORGANIZATION'S CUMULATIVE TOTAL TO 2.8 MILLION PEOPLE. 97% OF THOSE BORROWING THROUGH OUR MICROFINANCE PROGRAMS ARE WOMEN, AND 70% EARN LESS THAN A LIVING INCOME.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Moyer Chief Investment Officer | Officer | 40 | $235,964 |
Catherine Colyer COO & Chief Compliance Officer | Officer | 40 | $183,905 |
Gilbert Ching Chief Financial Officer | Officer | 40 | $179,213 |
Elan Emanuel Chief Inv. Relations Officer | Officer | 40 | $161,616 |
Cheryl Wright Dir., Investment Compliance | 40 | $140,405 | |
Jessica O'neill Director, Communications | 40 | $132,155 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sridhar Sampath Consulting | 12/30/21 | $136,337 |
Waterorg Management Services | 12/30/21 | $132,260 |
Anu Valli Harinath Consulting | 12/30/21 | $101,717 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $313,375 |
| All other contributions, gifts, grants, and similar amounts not included above | $856,553 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,169,928 |
| Total Program Service Revenue | $2,509,829 |
| Investment income | $68,779 |
| 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 | $3,748,536 |
| 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. | $1,048,781 |
| Compensation of current officers, directors, key employees. | $11,551 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,270,739 |
| Pension plan accruals and contributions | $38,531 |
| Other employee benefits | $121,123 |
| Payroll taxes | $140,549 |
| Fees for services: Management | $77,491 |
| Fees for services: Legal | $20,027 |
| Fees for services: Accounting | $66,244 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $434,442 |
| Advertising and promotion | $7,647 |
| Office expenses | $29,679 |
| Information technology | $10,323 |
| Royalties | $0 |
| Occupancy | $35,942 |
| Travel | $23,476 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,995 |
| Interest | $163 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $30,590 |
| Insurance | $15,891 |
| All other expenses | $0 |
| Total functional expenses | $3,417,421 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,784,071 |
| Savings and temporary cash investments | $1,000,891 |
| Pledges and grants receivable | $4,936,393 |
| Accounts receivable, net | $10,783 |
| 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 | $778,092 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $2,550,098 |
| Intangible assets | $0 |
| Other assets | $5,114,581 |
| Total assets | $22,174,909 |
| Accounts payable and accrued expenses | $504,417 |
| 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 | $2,525,000 |
| Other liabilities | $0 |
| Total liabilities | $3,029,417 |
| Net assets without donor restrictions | $18,070,492 |
| 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 | $22,174,909 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Waterequity Inc has recieved totaling $10,045.
| Awarding Organization | Amount |
|---|---|
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $45 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Global Foodbanking Network Chicago, IL | $18,753,140 | $16,426,499 |
Christian Medical & Dental Society Bristol, TN | $23,493,559 | $15,260,039 |
Reach Now International Inc Tulsa, OK | $23,892 | $8,518,045 |
The Bill Gatton Foundation Bristol, TN | $0 | $23,969,446 |
A M G International Chattanooga, TN | $17,555,584 | $9,364,805 |
Remote Area Medical Rockford, TN | $17,905,708 | $7,264,096 |
Blessings International Broken Arrow, OK | $7,020,981 | $3,899,748 |
Outreach International Kansas City, MO | $4,310,238 | $3,767,343 |
Waterequity Inc Kansas City, MO | $22,174,909 | $3,748,536 |
World Neighbors Inc Oklahoma City, OK | $13,374,018 | $3,387,870 |
Outreach Inc Union, IA | $5,436,657 | $3,524,242 |
Child Impact International Ooltewah, TN | $2,851,578 | $3,424,209 |