Totals
- Total revenue
- $2,807,340
- Total expenses
- $1,457,275
- Contributions and grants received
- $2,745,055
- Grants paid
- $0
- Program service revenue
- $8,210
- Investment income
- $54,075
- Other revenue
- $0
- Total assets, end of year
- $4,684,372
- Total liabilities, end of year
- $1,993,203
- Net assets or fund balances, end of year
- $2,691,169
- Program services expenses (Part IX)
- $1,238,684
- Management and general expenses
- $181,425
- Fundraising expenses
- $37,166
- Program service expenses (Part III)
- $1,238,684
Program services were 85.0% 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
$2,745,055
-
2a · Program service revenue: SPONSORSHIP OF WORKSHO
total $7,800 · related or exempt $7,800
-
2b · Program service revenue: CONSULTING SERVICES
total $410 · related or exempt $410
-
3 · Investment income
total $54,075 · excluded $54,075
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $704,388 · program services $598,729 · management and general $84,307 · fundraising $21,352
-
7 · Other salaries and wages
total $129,433 · program services $110,018 · management and general $9,124 · fundraising $10,291
-
8 · Pension plan contributions
total $6,267 · program services $5,327 · management and general $442 · fundraising $498
-
9 · Other employee benefits
total $14,048 · program services $11,941 · management and general $990 · fundraising $1,117
-
10 · Payroll taxes
total $23,412 · program services $19,901 · management and general $1,650 · fundraising $1,861
-
11b · Fees: legal
total $1,830 · program services $1,556 · management and general $274
-
11c · Fees: accounting
total $12,576 · program services $10,690 · management and general $1,886
-
11g · Fees: other
total $414,392 · program services $352,233 · management and general $62,159
-
12 · Advertising and promotion
total $4,502 · program services $3,827 · management and general $675
-
13 · Office expenses
total $1,771 · program services $1,505 · management and general $266
-
14 · Information technology
total $3,407 · program services $2,896 · management and general $511
-
16 · Occupancy
total $12,521 · program services $10,643 · management and general $1,878
-
17 · Travel
total $102,345 · program services $86,993 · management and general $13,305 · fundraising $2,047
-
23 · Insurance
total $8,736 · program services $7,426 · management and general $1,310
-
24a · Other expenses: SUBSCRIPTIONS & FEES
total $14,377 · program services $12,220 · management and general $2,157
-
24b · Other expenses: SPONSORSHIPS
total $2,211 · program services $1,879 · management and general $332
-
24c · Other expenses: TAXES & LICENSES
total $784 · program services $666 · management and general $118
-
24d · Other expenses: BANK FEES
total $275 · program services $234 · management and general $41
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,414,154 · end of year $2,752,254
-
3 · Pledges and grants receivable
end of year $1,900,000
-
4 · Accounts receivable
end of year $15,000
-
7 · Other notes and loans receivable
end of year $8,000
-
9 · Prepaid expenses and deferred charges
end of year $9,118
-
17 · Accounts payable and accrued expenses
beginning of year $65,883 · end of year $74,669
-
19 · Deferred revenue
end of year $1,900,000
-
25 · Other liabilities
beginning of year $7,167 · end of year $18,534
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $1,341,104 · end of year $2,691,169
Mission and programs · 2023
Mission
THE WATER FINANCE EXCHANGE'S (WFX) OBJECTIVE IS TO SIGNIFICANTLY INCREASE FUNDING SOLUTIONS IN THE U.S. WATER, WASTEWATER AND STORMWATER SYSTEMS, WITH EMPHASIS ON RURAL AND DISADVANTAGED COMMUNITIES.
Activities or mission (Part I)
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 AND DISADVANTAGED COMMUNITIES.
-
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 CONNECTS COMMUNITIES IN NEED WITH THE TECHNICAL EXPERTISE AND TARGETED FINANCIAL RESOURCES CURRENTLY UNAVAILABLE TO HELP ADDRESS THEIR WATER INFRASTRUCTURE ISSUES.
Expenses $412,895 · Revenue $410
-
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.
Expenses $412,895
-
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.
Expenses $412,894 · Revenue $7,800
As filed on the 2023 return.
Listed in Part VII
-
F Henry Habicht IIF HENRY HABICHT II
PRESIDENT & EX. DIRECTOR
- Total calculated
- $232,917
- From this org
- $232,917
- From related orgs
- $0
- Other
- $0
- Hours/week
- 25
Schedule J breakdown matched by us
- Base
- $232,917
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $232,917
-
Brent FewellBRENT FEWELL
SECRETARY
- Total calculated
- $202,917
- From this org
- $0
- From related orgs
- $202,917
- Other
- $0
- Hours/week
- 25
Schedule J breakdown matched by us
- Base
- $0 + $202,917 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $0 + $202,917 related
-
Adam KrantzADAM KRANTZ
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Jennifer KurzJENNIFER KURZ
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
William TeichmillerWILLIAM TEICHMILLER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Laura HuffmanLAURA HUFFMAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Monica EllisMONICA ELLIS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Usha Rao-MonariUSHA RAO-MONARI
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Brendan McGinnisBRENDAN MCGINNIS
TREASURER
- Total calculated
- $141,916
- From this org
- $0
- From related orgs
- $141,916
- Other
- $0
- Hours/week
- 10
Schedule J breakdown matched by us
- Base
- $0 + $141,916 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $0 + $141,916 related
-
Rogelio RodriguezROGELIO RODRIGUEZ
DIRECTOR, TX INFRASTRUCTURE
- Total calculated
- $268,553
- From this org
- $233,333
- From related orgs
- $0
- Other
- $35,220
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $233,333
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $35,220
- Filer's total
- $268,553
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
None.
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
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
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 partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
EARTH AND WATER STRATEGIES LLC
CONTRACTOR ON POLICY CONSULTING · DC
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 13 May 2024
- IRS schema version
- 2023v5.0
- Source object
- 202441369349305874
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