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Nonprofiteer
← WATER 4 INC

Form 990 for tax year 2023

Filed by WATER 4 INC.

Totals

Total revenue
$9,444,707
Total expenses
$9,025,404
Contributions and grants received
$9,419,089
Grants paid
$5,327,063
Program service revenue
$0
Investment income
$112,605
Other revenue
-$86,987
Total assets, end of year
$12,646,040
Total liabilities, end of year
$1,875,726
Net assets or fund balances, end of year
$10,770,314
Program services expenses (Part IX)
$7,180,561
Management and general expenses
$582,248
Fundraising expenses
$1,262,595
Program service expenses (Part III)
$7,180,561

Program services were 79.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Richard C Greenly

    Board Chariman

    Total calculated
    $0
    Hours/week
    1
  • David Plemons

    Board member

    Total calculated
    $0
    Hours/week
    1
  • David Woods

    Board member

    Total calculated
    $0
    Hours/week
    1
  • Jason Trice

    Board member

    Total calculated
    $0
    Hours/week
    1
  • Marty Grubbs

    Board member

    Total calculated
    $0
    Hours/week
    1
  • Mary Lippert

    Board member

    Total calculated
    $0
    Hours/week
    1
  • Michele Wymer

    Board member

    Total calculated
    $0
    Hours/week
    1
  • Matthew Hangen

    President & CEO

    Total calculated
    $273,608
    From this org
    $201,873
    From related orgs
    $0
    Other
    $71,735
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $187,743
    Bonus
    $14,130
    Other
    $0
    Deferred
    $12,726
    Nontaxable benefits
    $59,009
    Filer's total
    $273,608
  • Richard Klopp

    COO & Secretary (May - December)

    Total calculated
    $181,587
    From this org
    $161,107
    From related orgs
    $0
    Other
    $20,480
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $150,292
    Bonus
    $10,815
    Other
    $0
    Deferred
    $4,960
    Nontaxable benefits
    $15,520
    Filer's total
    $181,587
  • Richard R Webb

    Director of Finance

    Total calculated
    $110,638
    From this org
    $105,892
    From related orgs
    $0
    Other
    $4,746
    Hours/week
    40
  • Kacy Lowe

    Senior Dir of Development

    Total calculated
    $146,660
    From this org
    $131,000
    From related orgs
    $0
    Other
    $15,660
    Hours/week
    40

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Travel for companions
  • 1a · Housing allowance or residence for personal use
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 1a Travel for companions
The organization has approved travel for the family of President & CEO Matt Hangen to accompany him occasionally when there is a bona fide business purpose for the family travel. The amounts are not included in taxable income.
Schedule J, Part I, Line 1a Housing allowance or residence for personal use
Pursuant to Internal Revenue Code Section 107, ministerial housing allowances are provided for qualifying ministerial employees. This is not included in taxable compensation. President & CEO Matt Hangen met the qualifications for and received a ministerial housing allowance during the tax year.
Schedule J, Part I, Line 7 Non-fixed payments
The organization made nonfixed payments in the form of discretionary bonuses.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • 4WArd Development International LLC

    C Corporation · Water Pump Assembly · OK · 100% owned · share of income $0 · share of assets $3,837,402 · controlled entity

    Directly controlled by Water4 Inc

  • 4Ward Development East Africa Ltd

    C Corporation · Water Pump Assembly · UG · 0% owned · share of income $0 · share of assets $0 · controlled entity

    Directly controlled by 4Ward Development International LLC

  • 4Ward Development West Africa Ltd

    C Corporation · Water Pump Assembly · GH · 0% owned · share of income $0 · share of assets $0 · controlled entity

    Directly controlled by 4Ward Development International LLC

Provenance

Return type
form_990
Tax year
2023
Filed
11 November 2024
IRS schema version
2023v5.1
Source object
202423169349302612

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