Civic Intelligence

The Water Trust Inc.

990 • Fiscal year 2019 • EIN 26-0787621

Apr 01, 2018 to Mar 31, 2019 • Filed on Feb 05, 2020

PO Box 4668 75942New York, NY 10163-4668

(646) 681-2255

Siviq Scores

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

Liabilities / Assets

30th percentile

0.01x

Higher debt load relative to assets than 30% of similar nonprofits.

2019 filings • NTEE P • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

30th percentile

0.01x

Higher debt load relative to revenue than 30% of similar nonprofits.

2019 filings • NTEE P • $500k-$1M nonprofits • Source year 2019

Net Margin

66th percentile

7.2%

Higher net margin than 66% of similar nonprofits.

2019 filings • NTEE P • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

83rd percentile

$93,750

Higher top officer pay than 83% of similar nonprofits.

Top officer pay equals 12.4% of source-year revenue.

2019 filings • NTEE P • $500k-$1M nonprofits • Source year 2019

Asset Growth

58th percentile

7.8%

Faster asset growth than 58% of similar nonprofits.

2019 filings • NTEE P • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

8th percentile

-27%

Faster revenue growth than 8% of similar nonprofits.

2019 filings • NTEE P • $500k-$1M nonprofits • Annualized from 2018 to 2019

Assets

Up

$735,167

Up $52,915 (+7.8%) from 2018

Net Assets

Up

$730,738

Up $53,901 (+8.0%) from 2018

Liabilities

Down

$4,429

Down $986 (-18%) from 2018

Revenue

Down

$753,156

Down $276,492 (-27%) from 2018

Expenses

Up

$699,255

Up $49,047 (+7.5%) from 2018

Net Income

Down

$53,901

Down $325,539 (-86%) from 2018

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2016: $96,642Liabilities 2016: $21,193Net Assets 2016: $75,4492016Assets 2017: $346,323Liabilities 2017: $46,440Net Assets 2017: $299,8832017Assets 2018: $682,252Liabilities 2018: $5,415Net Assets 2018: $676,8372018Assets 2019: $735,167Liabilities 2019: $4,429Net Assets 2019: $730,7382019Assets 2020: $952,492Liabilities 2020: $9,840Net Assets 2020: $942,6522020Assets 2021: $681,154Liabilities 2021: $33,114Net Assets 2021: $648,0402021Assets 2022: $409,331Liabilities 2022: $7,432Net Assets 2022: $401,8992022Assets 2023: $1,441,003Liabilities 2023: $4,489Net Assets 2023: $1,436,5142023Assets 2024: $1,000,333Liabilities 2024: $11,853Net Assets 2024: $988,4802024Assets 2025: $581,707Liabilities 2025: $6,332Net Assets 2025: $575,3752025

Highlighted filing

2019

Assets$735,167
Liabilities$4,429
Net Assets$730,738

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2016: $311,775Expenses 2016: $584,110Net Income 2016: -$272,3352016Revenue 2017: $998,637Expenses 2017: $776,689Net Income 2017: $221,9482017Revenue 2018: $1,029,648Expenses 2018: $650,208Net Income 2018: $379,4402018Revenue 2019: $753,156Expenses 2019: $699,255Net Income 2019: $53,9012019Revenue 2020: $1,060,321Expenses 2020: $848,407Net Income 2020: $211,9142020Revenue 2021: $1,005,050Expenses 2021: $1,037,469Net Income 2021: -$32,4192021Revenue 2022: $1,089,539Expenses 2022: $1,335,680Net Income 2022: -$246,1412022Revenue 2023: $2,543,217Expenses 2023: $1,508,602Net Income 2023: $1,034,6152023Revenue 2024: $1,708,571Expenses 2024: $2,156,605Net Income 2024: -$448,0342024Revenue 2025: $1,426,077Expenses 2025: $1,839,182Net Income 2025: -$413,1052025

Highlighted filing

2019

Revenue$753,156
Expenses$699,255
Net Income$53,901
Jump To
Filing Snapshot
Filing Period
Apr 1, 2018 to Mar 31, 2019
Signed
Feb 5, 2020
Return Version
2018v3.1
Gross Receipts
$759,409
Mission and Program Overview

Mission

Empower rural communities and institutions to have access to safe water, sanitation, and hygiene for a healthier, more dignified life.

To develop and implement sustainable access to clean water, improved sanitation, and proper hygiene knowledge in partnership with the rural poor in africa.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$344,066$569,512▲ $225,446
Pledges and Grants Receivable$307,997$120,856▼ $187,141
Savings and Temporary Cash Investments$28,610$41,897▲ $13,287
Prepaid Expenses and Deferred Charges$1,579$0▼ $1,579
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$682,252$735,167▲ $52,915
Other Assets Total-$2,902-
Liabilities
Accounts Payable and Accrued Expenses$5,415$4,429▼ $986
Total Liabilities$5,415$4,429▼ $986
Net Assets / Fund Balance
Temporarily Rstr Net Assets$449,612$492,849▲ $43,237
Unrestricted Net Assets$227,225$237,889▲ $10,664
Total Net Assets Fund Balance$676,837$730,738▲ $53,901
Total Liabilities and Net Assets / Fund Balance$682,252$735,167▲ $52,915

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$36,995-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Christopher ProttasExecutive DirectorFT$93,750$93,750

Board Members and Trustees

NameTitle
Paul SchrimpfBoard Chair
Allen AsiimweDirector
Chris FerranteDirector
Isabel SatraDirector
Jeffrey KaplanDirector
Jennifer Stoltz FavusDirector
Mathias KiwanukaDirector
Michael TrapaneseDirector
Patricia ObozuwaDirector
Terence KarnalDirector
Ben AndrewTreasurer/secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$750,036
Program Service Revenue
$0
Investment Income
$237
Other Revenue
$2,883
All Other Contributions
$729,811
Change in Net Assets
$53,901
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$519,717
Salaries, Compensation, and Employee Benefits$101,370
Other Expenses$78,168
Total Fundraising Expense$17,140
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$519,717--$519,717
Current Officers, Directors, Trustees, and Key Employees$77,190$4,650$11,160$93,000
Fees for Services Accounting-$25,750-$25,750
Payroll Taxes$6,525$393$943$7,861
Travel$6,484$391$937$7,812
Advertising--$2,860$2,860
All Other Expenses$2,127$101$247$2,475
Conferences and Meetings$2,015--$2,015
Other Expenses$1,894$1,853$220$1,853
Fees for Services Other$400$1,025-$1,425
Office Expenses$1,073$50$125$1,248
Other Employee Benefits$423$25$61$509
Occupancy$220$10$26$256
Total Functional Expenses$622,893$59,222$17,140$699,255
International Activity

International Summary

Offices
1
Employees
39
Spending
$519,717

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
Yes

International Activities

RegionActivityServicesOfficesEmployeesSpending
Sub-saharan AfricaGrants to Recipients Located in Region-139$519,717
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$6,253
Fundraising Gross Income$6,253
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fundraising Event$26,478$6,253$278$5,975
Total Events$26,478$6,253$6,253$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
No
Backup withholding compliance
Yes
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

Form 990 is reviewed by the executive director, provided to the board of directors prior to filing, and signed by the chairman.

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

Annual conflict of interest policy is distributed to the board and staffs. Regular monitoring is done for any conflicts with staff and have had no potential conflicts to monitor with the board.

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

The executive director's compensation was approved by the board of directors, and was determined based on the review of data for similar positions at comparable organizations. The organization has no other compensated officers or key employees.

Form 990, Part VI, Section C, Line 19

Financial statements are available through the organization's website while the policies and by-laws are available upon request.

Filing and Contact Details

Filer

Filer Name
The Water Trust Inc
EIN
26-0787621
Phone
6466812255
Address
PO BOX 4668 75942, NEW YORK, NY 10163-4668

Signing Officer

Name
Chris Prottas
Title
Executive Director
Phone
6466812255
Signed
2020-02-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Chris Prottas
Formed
2007
Legal Domicile
Ct
Voting Board Members
11
Independent Board Members
11
Employees
2
Volunteers
9

Preparer

Firm
Scrubbednet LLC
Address
38 KEYES AVENUE, SAN FRANCISCO, CA 94129
Preparer
Isagani Ferdinand Laguisma
Phone
4159942036
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IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/FundraisingAmt0943
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0393
IRS990/PayrollTaxesGrp/ProgramServicesAmt06525
IRS990/PayrollTaxesGrp/TotalAmt07861
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0307997
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0120856
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01579
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0CHRIS PROTTAS
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01021290
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0363488
IRS990/PYInvestmentIncomeAmt070
IRS990/PYOtherExpensesAmt0108068
IRS990/PYOtherRevenueAmt08288
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0379440
IRS990/PYSalariesCompEmpBnftPaidAmt0178652
IRS990/PYTotalExpensesAmt0650208
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01029648
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/ReconcilationRevenueExpnssAmt053901
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt028610
IRS990/SavingsAndTempCashInvstGrp/EOYAmt041897
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0756289
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01021290
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0998730
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0311237
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0904624
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03992170
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0237
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt070
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt04
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0538
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0849
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt012858
IRS990ScheduleA/OtherIncome170Grp/TotalAmt012858
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.58410
IRS990ScheduleA/PublicSupportPY170Pct00.60630
IRS990ScheduleA/PublicSupportTotal170Amt02339829
IRS990ScheduleA/SubstantialContributorsTotAmt01652341
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0756289
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01021290
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0998730
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0311237
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0904624
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03992170
IRS990ScheduleA/TotalSupportAmt04005877
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt036995
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt036995
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt039
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt01
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt0519717
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0SUB-SAHARAN AFRICA
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0GRANTS TO RECIPIENTS LOCATED IN REGION
IRS990ScheduleF/BoycottCountriesInd00
IRS990ScheduleF/ContinuationSpentAmt00
IRS990ScheduleF/ContinuationTotalEmployeeCnt00
IRS990ScheduleF/ContinuationTotalOfficeCnt00
IRS990ScheduleF/ForeignCorpOwnershipInd00
IRS990ScheduleF/ForeignPartnershipInd00
IRS990ScheduleF/GrantRecordsMaintainedInd01
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt0458110
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/DescriptionOfNonCashAsstTxt0INVENTORY, OTHER ASSETS, AND EXPENSES PAID FOR THE RECIPIENT LOCATED IN THE REGION.
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt0WIRE
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/NonCashAssistanceAmt061607
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt0CLEAN WATER PROJECTS
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt0SUB-SAHARAN AFRICA
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/ValuationMethodUsedDesc0ACTUAL AMOUNTS PAID TO VENDOR
IRS990ScheduleF/InterestInForeignTrustInd00
IRS990ScheduleF/PassiveForeignInvestmestCoInd00
IRS990ScheduleF/SubtotalEmployeesCnt039
IRS990ScheduleF/SubtotalOfficesCnt01
IRS990ScheduleF/SubtotalSpentAmt0519717
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0MONTHLY GRANTS ARE MADE TO THE ORGANIZATION'S SUBSIDIARY ENTITY. THE ORGANIZATION MAINTAINS DIRECT OVERSIGHT OVER ITS SUBSIDIARY ENTITY, MONITORS ITS ACTIVITIES, AND APPROVES ITS ANNUAL BUDGET, QUARTERLY FINANCIAL REPORTING AND MONTHLY EXPENDITURES.
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2
IRS990ScheduleF/TotalEmployeeCnt039
IRS990ScheduleF/TotalOfficeCnt01
IRS990ScheduleF/TotalSpentAmt0519717
IRS990ScheduleF/TransferToForeignCorpInd01
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt020225
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt020225
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt06253
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0FUNDRAISING EVENT
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt03875
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt03875
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt026478
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt026478
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt06253
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt06253
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt0278
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt0278
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt02100
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt02100
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR, PROVIDED TO THE BOARD OF DIRECTORS PRIOR TO FILING, AND SIGNED BY THE CHAIRMAN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ANNUAL CONFLICT OF INTEREST POLICY IS DISTRIBUTED TO THE BOARD AND STAFFS. REGULAR MONITORING IS DONE FOR ANY CONFLICTS WITH STAFF AND HAVE HAD NO POTENTIAL CONFLICTS TO MONITOR WITH THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE EXECUTIVE DIRECTOR'S COMPENSATION WAS APPROVED BY THE BOARD OF DIRECTORS, AND WAS DETERMINED BASED ON THE REVIEW OF DATA FOR SIMILAR POSITIONS AT COMPARABLE ORGANIZATIONS. THE ORGANIZATION HAS NO OTHER COMPENSATED OFFICERS OR KEY EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FINANCIAL STATEMENTS ARE AVAILABLE THROUGH THE ORGANIZATION'S WEBSITE WHILE THE POLICIES AND BY-LAWS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0THE WATER TRUST INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0THE WATER TRUST LIMITED
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ForeignAddress/AddressLine1Txt0PO BOX 51

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