Civic Intelligence

Karass Arts Project Inc

EIN 26-0710184 • 501(c)3 • Louisville, KY

View Organization Page

Profile

Our goals are simple. Improve health through community driven, gender informed water, sanitation and hygiene programming.

816 E BroadwayLouisville, KY 40204

www.medwater.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

98th percentile

8.16x

Higher debt load relative to assets than 98% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

87th percentile

0.22x

Higher debt load relative to revenue than 87% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

64th percentile

9.9%

Higher net margin than 64% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

84th percentile

$0

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

89th percentile

58%

Faster asset growth than 89% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2024

Revenue Growth

71st percentile

18%

Faster revenue growth than 71% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2024

Balance Sheet
Liabilities / Assets98th percentile

Assets

Up

$3,744

Up $2,962 (+379%) from 2023

Liabilities

Down

$30,561

Down $11,139 (-27%) from 2023

Net Assets

Up

-$26,817

Up $14,101 (+34%) from 2023

Operations
Liabilities / Revenue87th percentileNet Margin64th percentile

Revenue

Up

$142,043

Up $90,228 (+174%) from 2023

Expenses

Up

$127,942

Up $75,920 (+146%) from 2023

Net Income

Up

$14,101

Up $14,308 (+6912%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth89th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$100K$50K$0-$50K-$100KAssets 2017: $5,496Liabilities 2017: $60,216Net Assets 2017: -$54,7202017Assets 2018: $1,926Liabilities 2018: $60,216Net Assets 2018: -$58,2902018Assets 2019: $1,625Liabilities 2019: $48,283Net Assets 2019: -$46,6582019Assets 2020: $723Liabilities 2020: $50,908Net Assets 2020: -$50,1852020Assets 2021: $13,074Liabilities 2021: $41,396Net Assets 2021: -$28,3222021Assets 2022: $1,498Liabilities 2022: $42,209Net Assets 2022: -$40,7112022Assets 2023: $782Liabilities 2023: $41,700Net Assets 2023: -$40,9182023Assets 2024: $3,744Liabilities 2024: $30,561Net Assets 2024: -$26,8172024

Highlighted filing

2024

Assets$3,744
Liabilities$30,561
Net Assets-$26,817
Open 2024 Filing

Operations Trend

Revenue Growth71st percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$150K$100K$50K$0-$50KRevenue 2017: $92,453Expenses 2017: $101,904Net Income 2017: -$9,4512017Revenue 2018: $147,375Expenses 2018: $147,623Net Income 2018: -$2482018Revenue 2019: $126,984Expenses 2019: $132,193Net Income 2019: -$5,2092019Revenue 2020: $97,691Expenses 2020: $101,218Net Income 2020: -$3,5272020Revenue 2021: $93,677Expenses 2021: $71,814Net Income 2021: $21,8632021Revenue 2022: $102,486Expenses 2022: $114,875Net Income 2022: -$12,3892022Revenue 2023: $51,815Expenses 2023: $52,022Net Income 2023: -$2072023Revenue 2024: $142,043Expenses 2024: $127,942Net Income 2024: $14,1012024

Highlighted filing

2024

Revenue$142,043
Expenses$127,942
Net Income$14,101
Open 2024 Filing

Filings

Most recent year

2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,744
Liabilities
$30,561
Net assets
-$26,817
Revenue
$142,043
Expenses
$127,942
Net income
$14,101
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.04$0.31$0.27$1.42$1.28$0.14
2023Detailed filing. Detailed filing data is available for this year.$0.01$0.42$0.41$0.52$0.52$0.00
2022Detailed filing. Detailed filing data is available for this year.$0.01$0.42$0.41$1.02$1.15$0.12
2021Detailed filing. Detailed filing data is available for this year.$0.13$0.41$0.28$0.94$0.72$0.22
2020Detailed filing. Detailed filing data is available for this year.$0.01$0.51$0.50$0.98$1.01$0.04
2019Detailed filing. Detailed filing data is available for this year.$0.02$0.48$0.47$1.27$1.32$0.05
2018Detailed filing. Detailed filing data is available for this year.$0.02$0.60$0.58$1.47$1.48$0.00
2017Detailed filing. Detailed filing data is available for this year.$0.05$0.60$0.55$0.92$1.02$0.09
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 20, 2025
Return Version
2024v5.2
Gross Receipts
$142,043
Mission and Program Overview

Mission

Our goals are simple. Improve health through community driven, gender informed water, sanitation and hygiene programming.

Program Services

DescriptionGrantsExpenses
Ecuador Project - Medwater provided education pertaining to the implementation of three basic components of public health - safe water, sanitation and hygiene in low income Amazonian communities.$0$0
Fundacion Medwater acknowledged by the Ecudoarean government as an official nonprofit for the support on leading communities through education and improving public health infrastructure.$0$0
Compensation and Service Providers
Top Officer Pay84th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
DARRELL ADAMSExecutive DirectorPT$0--
Filing and Contact Details

Filer

Filer Name
Karass Arts Project Inc
EIN
26-0710184
Phone
5025417583
Address
816 E BROADWAY, LOUISVILLE, KY 40204

Signing Officer

Name
Darrell Adams
Title
Executive Director
Phone
5025417583
Signed
2025-10-20
Discuss with paid preparer
Yes

Preparer

Firm
Amick & Company PSC
Address
610 S 4th St Ste 701, Louisville, KY 40202-2323
Preparer
Albert H Klein II
Phone
5025835381
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 16 - Other Expenses

“Description: Fundacion Medwater. Amount: 116,877. Description: Other Administrative and Office Expenses. Amount: 3,102. Description: Other Charitable Projects. Amount: 4,395. Description: Bank and Credit Card Fees. Amount: 2,818. Total to Form 990-EZ, line 16: 127,192.”

Form 990-EZ, Part II, Line 26 - Other Liabilities

“Description: Loans from Executive Director. Beg. of Year Amount: 41,381. End of Year Amount: 28,881. Description: Credit Card Payable. Beg. of Year Amount: 319. End of Year Amount: 1,680.”

Raw XML Appendix154 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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TransferPrsnlBnftContractsDecl/DeclarationDesc0The organization did not, during the year, receive any funds, directly,or indirectly, to pay premiums on a personal benefit contract.The organization, did not, during the year, pay any premiums, directly,or indirectly, on a personal benefit contract.
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Darrell Adams
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Director
ReturnHeader/BusinessOfficerGrp/PhoneNum05025417583
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-10-20
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0KARASS ARTS PROJECT INC
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0DBA MEDWATER
ReturnHeader/Filer/BusinessNameControlTxt0KARA
ReturnHeader/Filer/EIN0260710184
ReturnHeader/Filer/PhoneNum05025417583
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ReturnHeader/PreparerPersonGrp/PhoneNum05025835381
ReturnHeader/PreparerPersonGrp/PreparationDt02025-10-19
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ReturnHeader/ReturnTs02025-11-07T09:39:46-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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