Civic Intelligence

Water Quality Research Foundation

990 • Fiscal year 2020 • EIN 23-7063420

Jan 01, 2020 to Dec 31, 2020 • Filed on May 24, 2021

2375 Cabot DriveLisle, IL 60532

(630) 505-0160

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

24th percentile

0.01x

Higher debt load relative to assets than 24% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

38th percentile

0.07x

Higher debt load relative to revenue than 38% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

8th percentile

-44%

Higher net margin than 8% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

95th percentile

$336,771

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 130.9% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

18th percentile

-3.6%

Faster asset growth than 18% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

14th percentile

-34%

Faster revenue growth than 14% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Down

$2,892,731

Down $108,565 (-3.6%) from 2019

Net Assets

Down

$2,873,982

Down $105,397 (-3.5%) from 2019

Liabilities

Down

$18,749

Down $3,168 (-14%) from 2019

Revenue

Down

$257,281

Down $135,221 (-34%) from 2019

Expenses

Down

$371,126

Down $115,471 (-24%) from 2019

Net Income

Down

-$113,845

Down $19,750 (-21%) from 2019

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0Assets 2014: $2,105,831Liabilities 2014: $50,000Net Assets 2014: $2,055,8312014Assets 2015: $3,408,335Liabilities 2015: $12,794Net Assets 2015: $3,395,5412015Assets 2016: $3,404,594Liabilities 2016: $3,675Net Assets 2016: $3,400,9192016Assets 2017: $3,364,656Liabilities 2017: $72,599Net Assets 2017: $3,292,0572017Assets 2018: $3,119,365Liabilities 2018: $79,070Net Assets 2018: $3,040,2952018Assets 2019: $3,001,296Liabilities 2019: $21,917Net Assets 2019: $2,979,3792019Assets 2020: $2,892,731Liabilities 2020: $18,749Net Assets 2020: $2,873,9822020Assets 2021: $2,689,251Liabilities 2021: $28,534Net Assets 2021: $2,660,7172021Assets 2022: $5,027,465Liabilities 2022: $9,500Net Assets 2022: $5,017,9652022Assets 2023: $5,545,192Liabilities 2023: $78,846Net Assets 2023: $5,466,3462023Assets 2024: $5,428,701Liabilities 2024: $31,557Net Assets 2024: $5,397,1442024

Highlighted filing

2020

Assets$2,892,731
Liabilities$18,749
Net Assets$2,873,982

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2014: $1,211,492Expenses 2014: $351,463Net Income 2014: $860,0292014Revenue 2015: $965,895Expenses 2015: $280,702Net Income 2015: $685,1932015Revenue 2016: $99,797Expenses 2016: $86,090Net Income 2016: $13,7072016Revenue 2017: $69,982Expenses 2017: $246,432Net Income 2017: -$176,4502017Revenue 2018: $146,588Expenses 2018: $333,531Net Income 2018: -$186,9432018Revenue 2019: $392,502Expenses 2019: $486,597Net Income 2019: -$94,0952019Revenue 2020: $257,281Expenses 2020: $371,126Net Income 2020: -$113,8452020Revenue 2021: $343,033Expenses 2021: $557,400Net Income 2021: -$214,3672021Revenue 2022: $3,099,297Expenses 2022: $696,159Net Income 2022: $2,403,1382022Revenue 2023: $847,145Expenses 2023: $438,458Net Income 2023: $408,6872023Revenue 2024: $293,747Expenses 2024: $461,597Net Income 2024: -$167,8502024

Highlighted filing

2020

Revenue$257,281
Expenses$371,126
Net Income-$113,845
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
May 24, 2021
Return Version
2020v4.1
Gross Receipts
$261,273
Mission and Program Overview

Mission

EDUCATION & RESEARCH

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,533,482$2,476,887▼ $56,595
Pledges and Grants Receivable$405,820$325,053▼ $80,767
Savings and Temporary Cash Investments$61,994$82,696▲ $20,702
Total Assets$3,001,296$2,892,731▼ $108,565
Other Assets Total$0$8,095▲ $8,095
Liabilities
Other Liabilities$12,827$0▼ $12,827
Deferred Revenue-$10,000-
Accounts Payable and Accrued Expenses$9,090$8,749▼ $341
Total Liabilities$21,917$18,749▼ $3,168
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,702,511$1,677,881▼ $24,630
Net Assets With Donor Restrictions$1,276,868$1,196,101▼ $80,767
Total Net Assets Fund Balance$2,979,379$2,873,982▼ $105,397
Total Liabilities and Net Assets / Fund Balance$3,001,296$2,892,731▼ $108,565

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$871,048---$871,048
2019$871,048---$871,048
2018$871,048---$871,048
2017$871,048---$871,048
2016$871,048---$871,048
Compensation and Service Providers

Board Members and Trustees

NameTitle
Richard a MestPresident
James W WakemVice President
Denise UrbansDirector
Edward P JonesDirector
J Christopher LaytonDirector
James BakerDirector
Rebecca TallonDirector
Stephen Ver StratDirector
Laura UndesserExecutive Director
Scott FreemanCFO
Bret P TangleySecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$206,984
Program Service Revenue
$0
Investment Income
$35,409
Other Revenue
$14,888
All Other Contributions
$206,984
Change in Net Assets
$-113,845

Audited Revenue Reconciliation

Revenue per Audited Statements
$254,809
Revenue Not Reported on Financial Statements
$2,472
Revenue Not Reported on Form 990
$63,271
Total Revenue per Audited Statements
$318,080
Total Revenue per Form 990
$257,281
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$202,479
Salaries, Compensation, and Employee Benefits$148,011
Total Fundraising Expense$28,770
Other Expenses$20,636
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$202,479--$202,479
Other Salaries and Wages$48,591$54,199$21,804$124,594
Fees for Services Accounting-$13,100-$13,100
Other Employee Benefits$5,026$5,606$2,255$12,887
Payroll Taxes$4,107$4,581$1,842$10,530
Fees for Service Investment Mgmnt Fees-$2,472-$2,472
Office Expenses-$1,480$263$1,743
Travel--$1,584$1,584
Fees for Services Other-$585-$585
Other Expenses-$130$1,022$130
Total Functional Expenses$260,203$82,153$28,770$371,126

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$423,477
Total Expenses per Form 990$371,126
Expenses per Audited Statements$368,654
Expenses Not Reported on Form 990$54,823
Expenses Not Reported on Financial Statements$2,472
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Corona Environmental ConsultingLouisville, CO501(c)(3)Contaminant Occurrence Study$79,049
Virginia TechBlacksburg, VA501(c)(3)Emerging Technologies Benchmarking Study$55,000
University of MassachusettsHadley, MA501(c)(3)Sustainability Comparison Study$52,153
University of WisconsinMilwaukee, WI501(c)(3)Predictive Modeling Study$10,063
Purdue UniversityWest Lafayette, IN-2018 GRANT: EMERGING CONTAMINANTS REMOVAL WITH POU CARBON AND RO$6,214
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$14,380
Fundraising Direct Expenses$3,992
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

Irs form 990 will be reviewed by the executive board. Copies of irs form 990 will be made available to the organization's officers and trustee(s) who are asked to review the return individually and to contact the return preparer, other board members or executive officers with any questions or concerns.

Form 990, Part VI, Section B, Line 12C

The conflict of interest policy is reviewed annually, all board members are reminded of this policy and board member responsibilities.

Form 990, Part VI, Section B, Line 15A

The organization has no paid employees.

Form 990, Part VI, Section C, Line 19

AVAILABLE UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Water Quality Research Foundation
EIN
23-7063420
Phone
6305050160
Address
2375 CABOT DRIVE, LISLE, IL 60532

Signing Officer

Name
Laura Undesser
Title
Executive Director
Phone
6305050160
Signed
2021-05-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Laura Undesser
Formed
1952
Legal Domicile
Il
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
25

Preparer

Firm
Porte Brown LLC
Address
845 OAKTON STREET, ELK GROVE VILLAGE, IL 60007
Preparer
Bruce G Jones
Phone
8479561040
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The process has not changed from prior year.

Financial Statement Notes

PART V, LINE 4:

Endowment funds will be used to further advance the knowledge and science of high quality, sustainable water.

PART X, LINE 2:

The foundation has adopted the provision of asc topic 740, income taxes, relating to the accounting for uncertainty in income taxes. The foundation files information returns in the u.s. Federal jurisdiction and the state of illinois. Management is not aware of any uncertain tax positions.

Raw XML AppendixShowing 400 of 593 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/PYGrantsAndSimilarPaidAmt0293565
IRS990/PYInvestmentIncomeAmt056358
IRS990/PYOtherExpensesAmt050973
IRS990/PYOtherRevenueAmt015403
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-94095
IRS990/PYSalariesCompEmpBnftPaidAmt0142059
IRS990/PYTotalExpensesAmt0486597
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0392502
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-113845
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt061994
IRS990/SavingsAndTempCashInvstGrp/EOYAmt082696
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearAmt028950
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus1YearAmt053253
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt082203
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0206984
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0321941
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt022045
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt019756
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt083123
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt046118
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IRS990ScheduleA/InvestmentIncomeCYPct00.16190
IRS990ScheduleA/InvestmentIncomePYPct00.07560
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearAmt010388
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearMinus1YearAmt014203
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearMinus2YearsAmt033623
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt058214
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt04500
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt01200
IRS990ScheduleA/OtherIncome509Grp/TotalAmt05700
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
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IRS990ScheduleA/PublicSupportPY509Pct00.86780
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IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0138449
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IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0871048
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0871048
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0871048
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0871048
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IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0871048
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IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0871048
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0871048
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt054823
IRS990ScheduleD/DonatedServicesUseFcltsAmt054823
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ENDOWMENT FUNDS WILL BE USED TO FURTHER ADVANCE THE KNOWLEDGE AND SCIENCE OF HIGH QUALITY, SUSTAINABLE WATER.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE FOUNDATION HAS ADOPTED THE PROVISION OF ASC TOPIC 740, INCOME TAXES, RELATING TO THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THE FOUNDATION FILES INFORMATION RETURNS IN THE U.S. FEDERAL JURISDICTION AND THE STATE OF ILLINOIS. MANAGEMENT IS NOT AWARE OF ANY UNCERTAIN TAX POSITIONS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
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IRS990ScheduleI/GrantRecordsMaintainedInd00
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IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
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IRS990ScheduleI/RecipientTable/IRCSectionDesc3501(C)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0SUSTAINABILITY COMPARISON STUDY
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1PREDICTIVE MODELING STUDY
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2EMERGING TECHNOLOGIES BENCHMARKING STUDY
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3CONTAMINANT OCCURRENCE STUDY
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt42018 GRANT: EMERGING CONTAMINANTS REMOVAL WITH POU CARBON AND RO
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0UNIVERSITY OF MASSACHUSETTS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1UNIVERSITY OF WISCONSIN
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2VIRGINIA TECH
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3CORONA ENVIRONMENTAL CONSULTING
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt4PURDUE UNIVERSITY
IRS990ScheduleI/RecipientTable/RecipientEIN0043167352
IRS990ScheduleI/RecipientTable/RecipientEIN1391805963
IRS990ScheduleI/RecipientTable/RecipientEIN2546001805
IRS990ScheduleI/RecipientTable/RecipientEIN3463010851
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IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1PO BOX 340
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt2300 TURNER STREET SUITE 4200
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt3357 S MCCASLIN BLVD SUITE 100
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt4155 S GRANT STREET

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