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Nonprofiteer
← LIFE WATERS

Form 990 for tax year 2022

Filed by LIFE WATERS.

Totals

Total revenue
$162,239
Total expenses
$90,857
Contributions and grants received
$162,239
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$390,111
Total liabilities, end of year
$167,392
Net assets or fund balances, end of year
$222,719
Program services expenses (Part IX)
$84,687
Management and general expenses
$4,086
Fundraising expenses
$2,084
Program service expenses (Part III)
$84,687

Program services were 93.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $162,239

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $33 · management and general $33

  • 13 · Office expenses

    total $4,320 · program services $4,320

  • 14 · Information technology

    total $530 · program services $530

  • 16 · Occupancy

    total $3,110 · program services $2,641 · management and general $469

  • 17 · Travel

    total $3,675 · program services $3,675

  • 22 · Depreciation, depletion and amortization

    total $12,109 · program services $10,898 · management and general $1,211

  • 23 · Insurance

    total $23,735 · program services $21,362 · management and general $2,373

  • 24a · Other expenses: HERO DIVE EXPENSE

    total $13,337 · program services $13,337

  • 24b · Other expenses: EQUIPMENT MAINTENANCE

    total $10,418 · program services $10,418

  • 24c · Other expenses: CONTRACTOR FEES

    total $7,124 · program services $7,124

  • 24d · Other expenses: BOOKS, SUBS & REFERENCE

    total $6,340 · program services $6,340

  • 24e · All other expenses

    total $6,126 · program services $4,042 · fundraising $2,084

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $123,169 · end of year $238,070

  • 4 · Accounts receivable

    beginning of year $103,000 · end of year $103,001

  • 8 · Inventories for sale or use

    beginning of year $5,950 · end of year $5,950

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,755 · end of year $5,755

  • 10a · Land, buildings and equipment: cost or other basis

    $103,383

  • 10b · Land, buildings and equipment: accumulated depreciation

    $66,048

  • 10c · Land, buildings and equipment, net

    beginning of year $49,444 · end of year $37,335

  • 17 · Accounts payable and accrued expenses

    beginning of year $59,446 · end of year $167,392

  • 27 · Net assets without donor restrictions

    beginning of year $155,872 · end of year $222,719

  • 28 · Net assets with donor restrictions

    beginning of year $72,000 · end of year $0

Mission and programs · 2022

Mission

LIFEWATERS PROVIDES CAMARADERIE, TRAINING, AND CERTIFICATION IN ADAPTIVE SCUBA DIVING FOR DIVERS AND DIVE PARTNERS FOR VETERANS AND CIVILIANS WITH MOBILITY IMPAIRMENTS. LIFEWATERS ADAPTIVE SCUBA PROGRAM IS DESIGNED TO HELP IMPROVE THE LIVES OF OUR PARALYZED AND DISABLED VETERANS BY OFFERING DISCOVER SCUBA AND SCUBA CERTIFICATIONS THROUGH SCUBA DIVING INTERNATIONAL (SDI) (SCUBILITY PROGRAM) AS PART OF RECREATIONAL WATER THERAPY. THE PROGRAM IS RUN BY DEDICATED STAFF VOLUNTEERS TO INCLUDE SCI THERAPISTS, DOCTORS, NURSES, VETERANS AND CIVILIANS WHO ARE PASSIONATE ABOUT HELPING OUR VETERANS IN THE SPORT OF DIVING.

  • LIFEWATERS CONTINUES ITS MISSION OF DIVING THERAPY THROUGH SCUBA TRAINING FOR VETERANS. IN 2022, LIFEWATERS CERTIFIED A TOTAL OF 54 DIVERS AND FIRST RESPONDERS RANGING FROM ADVANCE DIVER, OPEN WATER DIVER, AND DESCUE DIVERS. LIFE WATERS' LARGEST PROGRAM SERVICES INCLUDED INTRODUCING NEW APPLICANTS TO SCUBA THROUGH SNORKELING AND DISCOVER SCUBA AND TRAINING THEM TO CERTIFY UNDER SCUBA DIVING INTERNATIONAL (SDI). TRAIN INSTRUCTORS AND DIVE BUDDIES TO SDI CERTIFIED STANDARDS. LIFE WATERS IS ALSO REACHING OUT TO BUILD THE LIFE WATERS TEAM TO SUPPORT THE PARTICIPANTS, AS WELL AS THE FAMILIES AND CAREGIVERS INTERACTING WITH THEM. SERVICES AND TIME DONATED FOR SCUBA TRAINING WERE VALUED AT $26,310.

    Expenses $84,687

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Matthew Wilson

    PRESIDENT, TREASURER

    Total calculated
    $0
    Hours/week
    0

  • Jefery Combs

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0

  • Jessi Hatfield

    SECRETARY

    Total calculated
    $0
    Hours/week
    0

  • Charlie Wright

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Howard McGill

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Jill Campbell

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Keith Fite

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202343189349304224

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