Water Finance Exchange Inc
- Assets
- $2.4m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- Data as of
- 12/2021
- EIN
- 85-2636910
Organization Overview
Water Finance Exchange Inc is located in Washington, DC. According to its NTEE Classification (C32) the organization is classified as: Water Resources, Wetlands Conservation & Management, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Water Finance Exchange 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 12/2021, Water Finance Exchange Inc generated $2.9m in total revenue. All expenses for the organization totaled $481.0k during the year ending 12/2021. While expenses have increased by 108.9% per year over the past 2 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE WATER FINANCE EXCHANGE'S (WFX) OBJECTIVE IS TO SIGNIFICANTLY INCREASE FUNDING SOLUTIONS IN THE US WATER, WASTEWATER AND STORMWATER SYSTEMS, WITH EMPHASIS ON RURAL COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PIPELINE DEVELOPMENT. WFX PROVIDED COMMUNITIES WITH THE BEST NETWORK OF RESOURCES TO HELP THEM SELECT, DESIGN, AND FUND PROJECTS THAT MEET THEIR LOCAL PRIORITIES. BY FOCUSING ON COMMUNITIES THAT LACK THE NECESSARY FUNDING AND DO NOT HAVE ACCESS TO CAPITAL MARKETS, WFX CONNECTED COMMUNITIES IN NEED WITH THE TECHNICAL EXPERTISE AND TARGETED FINANCIAL RESOURCES CURRENTLY UNAVAILABLE TO HELP ADDRESS THEIR WATER INFRASTRUCTURE ISSUES.
PROJECT DEVELOPMENT. WFX DOES NOT INTEND TO BE A PRIMARY FUNDER OF WATER INFRASTRUCTURE; RATHER, ITS FINANCE ACTIVITIES ARE NARROWLY DESIGNED TO FILL COMMUNITY GAPS THAT ARE PREVENTING FULL FINANCING FROM OCCURRING. WFX CONNECTS COMMUNITIES TO THE RIGHT EXPERTISE AND ACCESSIBLE FINANCIAL RESOURCES WHICH HELP TO SUPPORT PRE-DEVELOPMENT AND DE-RISK PROJECTS.
PARTNERSHIP DEVELOPMENT (FACILITATE INVESTMENT AND BUILD SELF-SUPPORTING NETWORKS). WFX BELIEVES THAT IT CAN SUPPORT THE EFFORTS OF SMALLER COMMUNITIES TO ACCESS FUNDING BY ASSEMBLING THE NEEDED EXPERTISE, BUILD TRUSTED RELATIONSHIPS WITH COMMUNITIES, COMPLETE PROJECTS, AND LEARN AND DISSEMINATE INFORMATION ABOUT RECURRING ISSUES AND SOLUTIONS THAT ALLOW FOR SCALING-UP FUNDING OF SIMILARLY SITUATED COMMUNITIES AND REGIONAL INITIATIVES THAT WOULD OTHERWISE BE UNAVAILABLE. WFX WILL CONTINUE TO SERVE AS A NATIONAL PLATFORM TO ACCELERATE THE ADOPTION OF BEST PRACTICES, INCREASE THE ABILITY OF SMALLER COMMUNITIES TO ACCESS FINANCING, AND CLOSE THE WATER INFRASTRUCTURE EQUITY GAP FOR SMALL AND RURAL COMMUNITIES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Fhenry Habicht II President & Ex. Director | OfficerTrustee | 25 | $150,000 |
Brent Fewell Secretary | OfficerTrustee | 25 | $0 |
Brendan Mcginnis Treasurer | Officer | 10 | $0 |
Adam Krantz Board Member | Trustee | 0.5 | $0 |
Jennifer Kurz Board Member | Trustee | 0.5 | $0 |
Patricia Mulroy Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $385,079 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,502,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,887,579 |
| Total Program Service Revenue | $36,259 |
| Investment income | $121 |
| 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 | $2,923,959 |
| 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. | $234,167 |
| Compensation of current officers, directors, key employees. | $43,321 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,015 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $221,088 |
| Advertising and promotion | $0 |
| Office expenses | $1,605 |
| Information technology | $1,518 |
| Royalties | $0 |
| Occupancy | $1,309 |
| Travel | $12,182 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,212 |
| All other expenses | $0 |
| Total functional expenses | $480,959 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,441,175 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $683 |
| 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 | $0 |
| Total assets | $2,441,858 |
| Accounts payable and accrued expenses | $3,545 |
| 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 | $3,545 |
| 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 | $2,438,313 |
| Total liabilities and net assets/fund balances | $2,441,858 |
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