Civic Intelligence

Karass Arts Project Inc DBA Medwater

990EZ • Fiscal year 2020 • EIN 26-0710184

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 10, 2021

Organization Profilewww.medwater.org

View Organization Page

1355 BARDSTOWN ROAD No 107Louisville, KY 40204

(502) 541-7583

Siviq Scores

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

Liabilities / Assets

100th percentile

70.41x

Higher debt load relative to assets than 100% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

90th percentile

0.52x

Higher debt load relative to revenue than 90% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

35th percentile

-3.6%

Higher net margin than 35% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

80th percentile

$9,167

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 9.4% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

7th percentile

-56%

Faster asset growth than 7% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

42nd percentile

-23%

Faster revenue growth than 42% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets100th percentile

Assets

Down

$723

Down $902 (-56%) from 2019

Net Assets

Down

-$50,185

Down $3,527 (-7.6%) from 2019

Liabilities

Up

$50,908

Up $2,625 (+5.4%) from 2019

Revenue And Expenses
Liabilities / Revenue90th percentileNet Margin35th percentile

Revenue

Down

$97,691

Down $29,293 (-23%) from 2019

Expenses

Down

$101,218

Down $30,975 (-23%) from 2019

Net Income

Up

-$3,527

Up $1,682 (+32%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth7th percentile

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

$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

2020

Assets$723
Liabilities$50,908
Net Assets-$50,185
Open 2020 Filing

Operations Trend

Revenue Growth42nd percentile

Revenue, expenses, and net income across loaded years, with this 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

2020

Revenue$97,691
Expenses$101,218
Net Income-$3,527
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 10, 2021
Return Version
2020v4.1
Gross Receipts
$97,691
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 Pay80th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
DARRELL ADAMSExecutive DirectorFT$9,167-$9,167
Filing and Contact Details

Filer

Filer Name
Karass Arts Project Inc
EIN
26-0710184
Phone
5025417583
Address
1355 BARDSTOWN ROAD No 107, LOUISVILLE, KY 40204

Signing Officer

Name
Darrell Adams
Title
Executive Director
Phone
5025417583
Signed
2021-11-10
Discuss with paid preparer
Yes

Preparer

Firm
Amick & Company PSC
Address
410 W Chestnut St Ste 237, 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: FMW Mission Operations - Ecuador. Amount: 51,425. Description: Mission Expenses. Amount: 8,285. Description: Other Administrative and Office Expenses. Amount: 4,470. Description: Bank and Credit Card Fees. Amount: 3,464. Description: Payroll Taxes. Amount: 4,641. Total to Form 990-EZ, line 16: 72,285.”

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

“Description: Loans from Executive Director. Beg. of Year Amount: 41,381. End of Year Amount: 41,381. Description: Other Liabilities. Beg. of Year Amount: 6,902. End of Year Amount: 9,527.”

Raw XML Appendix159 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.

Path#Value
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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Ecuador 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.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1Fundacion Medwater acknowledged by the Ecudoarean government as an official nonprofit for the support on leading communities through education and improving public health infrastructure.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
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IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
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IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0547960
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
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IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt092453
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt083457
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt083457
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0547960
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0To help fund the Organization during difficult times.
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt041381
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IRS990ScheduleL/TotalBalanceDueAmt041381
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Description: Loans from Executive Director. Beg. of Year Amount: 41,381. End of Year Amount: 41,381. Description: Other Liabilities. Beg. of Year Amount: 6,902. End of Year Amount: 9,527.
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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.
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Director
ReturnHeader/BusinessOfficerGrp/PhoneNum05025417583
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0KARASS ARTS PROJECT INC
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0DBA MEDWATER
ReturnHeader/Filer/BusinessNameControlTxt0KARA
ReturnHeader/Filer/EIN0260710184
ReturnHeader/Filer/PhoneNum05025417583
ReturnHeader/Filer/USAddress/AddressLine1Txt01355 BARDSTOWN ROAD No 107
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ReturnHeader/Filer/USAddress/StateAbbreviationCd0KY
ReturnHeader/Filer/USAddress/ZIPCd040204
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0611222794
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0410 W Chestnut St Ste 237
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Louisville
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0402022323
ReturnHeader/PreparerPersonGrp/PhoneNum05025835381
ReturnHeader/PreparerPersonGrp/PreparationDt02021-11-03
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Albert H Klein II
ReturnHeader/ReturnTs02021-11-10T08:56:34-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Darrell
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Adams
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$723
Liabilities
$50,908
Net assets
-$50,185
Revenue
$97,691
Expenses
$101,218
Net income
-$3,527
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