Civic Intelligence

Freshwater Project International Inc.

990EZ • Fiscal year 2020 • EIN 45-2809348

Jan 01, 2020 to Dec 31, 2020 • Filed on Oct 12, 2021

PO Box 158Indian Hills, CO 80454

(303) 358-7747

Siviq Scores

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

Liabilities / Assets

92nd percentile

0.83x

Higher debt load relative to assets than 92% of similar nonprofits.

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

Liabilities / Revenue

89th percentile

0.41x

Higher debt load relative to revenue than 89% of similar nonprofits.

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

Net Margin

57th percentile

10%

Higher net margin than 57% of similar nonprofits.

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

Top Officer Pay

79th percentile

$6,500

Higher top officer pay than 79% of similar nonprofits.

Top officer pay equals 4.2% of source-year revenue.

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

Asset Growth

67th percentile

21%

Faster asset growth than 67% of similar nonprofits.

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

Revenue Growth

88th percentile

49%

Faster revenue growth than 88% of similar nonprofits.

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

Assets

Up

$76,819

Up $13,179 (+21%) from 2019

Net Assets

Up

$13,247

Up $15,655 (+650%) from 2019

Liabilities

Down

$63,572

Down $2,476 (-3.7%) from 2019

Revenue

Up

$155,087

Up $50,859 (+49%) from 2019

Expenses

Up

$139,432

Up $8,412 (+6.4%) from 2019

Net Income

Up

$15,655

Up $42,447 (+158%) from 2019

Historical Trend

Balance Sheet Trend

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

$150K$100K$50K$0-$50KAssets 2011: $100Liabilities 2011: $02011Assets 2012: $1,908Liabilities 2012: $02012Assets 2013: $62Liabilities 2013: $02013Assets 2014: $9,679Liabilities 2014: $02014Assets 2015: $86,138Liabilities 2015: $60,000Net Assets 2015: $26,1382015Assets 2016: $92,572Liabilities 2016: $60,035Net Assets 2016: $32,5372016Assets 2017: $133,606Liabilities 2017: $60,095Net Assets 2017: $73,5112017Assets 2018: $84,622Liabilities 2018: $65,166Net Assets 2018: $19,4562018Assets 2019: $63,640Liabilities 2019: $66,048Net Assets 2019: -$2,4082019Assets 2020: $76,819Liabilities 2020: $63,572Net Assets 2020: $13,2472020Assets 2021: $101,575Liabilities 2021: $61,422Net Assets 2021: $40,1532021Assets 2022: $47,504Liabilities 2022: $0Net Assets 2022: $47,5042022Assets 2023: $105,354Liabilities 2023: $0Net Assets 2023: $105,3542023Assets 2024: $31,319Liabilities 2024: $0Net Assets 2024: $31,3192024

Highlighted filing

2020

Assets$76,819
Liabilities$63,572
Net Assets$13,247

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2011: $100Expenses 2011: $0Net Income 2011: $1002011Revenue 2012: $30,892Expenses 2012: $29,084Net Income 2012: $1,8082012Revenue 2013: $26,603Expenses 2013: $28,449Net Income 2013: -$1,8462013Revenue 2014: $39,929Expenses 2014: $30,312Net Income 2014: $9,6172014Revenue 2015: $75,336Expenses 2015: $58,877Net Income 2015: $16,4592015Revenue 2016: $152,377Expenses 2016: $145,978Net Income 2016: $6,3992016Revenue 2017: $157,861Expenses 2017: $116,887Net Income 2017: $40,9742017Revenue 2018: $111,717Expenses 2018: $165,772Net Income 2018: -$54,0552018Revenue 2019: $104,228Expenses 2019: $131,020Net Income 2019: -$26,7922019Revenue 2020: $155,087Expenses 2020: $139,432Net Income 2020: $15,6552020Revenue 2021: $289,121Expenses 2021: $262,215Net Income 2021: $26,9062021Revenue 2022: $310,960Expenses 2022: $296,668Net Income 2022: $14,2922022Revenue 2023: $443,179Expenses 2023: $382,329Net Income 2023: $60,8502023Revenue 2024: $517,874Expenses 2024: $589,805Net Income 2024: -$71,9312024

Highlighted filing

2020

Revenue$155,087
Expenses$139,432
Net Income$15,655
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Oct 12, 2021
Return Version
2020v4.0
Gross Receipts
$155,087
Mission and Program Overview

Mission

To provide water and sanitation to the people of malawi.

Program Services

DescriptionGrantsExpenses
WASH IN HEALTH CENTERS: WHEN A HEALTH CENTER LACKS ACCESS TO CLEAN WATER, IT IS NEARLY IMPOSSIBLE FOR MEDICAL PROFESSIONALS TO PROVIDE HYGIENIC, SAFE CARE TO THEIR PATIENTS, MUCH TIME IS WASTED, AND SERVICES ARE OFTEN DELAYED. IN PARTNERSHIP WITH ENGINEER'S WITHOUT BOARDERS-USA'S ENGINEERING SERVICE CORPS, THE ORGANIZATION WAS ABLE TO FINALIZE PHASE II WASH SYSTEM UPGRADES AT 7 PILOT HEALTH CENTER WATER SYSTEMS IN MALAWI. ADDITIONALLY, IT COMPLETED OR IS IN THE PROCESS OF COMPLETION OF 6 ADDITIONAL UPGRADES AT HEALTH CENTERS IN ZOMBA DISITRCT.-$62,137
WASH IN SCHOOLS: MANY SCHOOLS IN MALAWI LACK ACCESS TO CLEAN WATER AND SAFE SANITATION. STUDENTS AND TEACHERS MUST FETCH WATER FROM UNPROTECTED SOURCES THAT ARE OFTEN CONTAMINATED AND OFTEN ARE FORCED TO RELIEVE THEMSELVES IN THE BUSH. THIS EXPOSES THEM TO UNHYGIENIC PRACTICES AND OFTEN RESULTS IN WATER-RELATED DISEASE THE IMPACTS THEIR SCHOOL ATTENDANCE. ADDITIONALLY, WHEN GIRLS REACH THE AGE OF PUBERTY, THEY OFTEN DROP OUT OF SCHOOL FOR LACK OF PRIVACY IN MENSTRUAL HYGIENE MANAGEMENT. THIS YEAR, THE ORGANIZATION CONSTRUCTED DEEP PIT LATRINE BLOCKS AT 2 SCHOOLS IN MALAWI.-$20,000
WASH IN VILLAGES: MOST OF ORGANIZATION'S PROJECTS ARE CONCENTRATED IN THE RURAL AREAS OF MALAWI, IN COMMUNITIES WHERE ACCESS TO CLEAN WATER, SAFE SANITATION, AND HYGIENE INFORMATION IS A MAJOR CHALLENGE. THIS YEAR, THROUGH DEEP BOREHOLE DRILLING, AND THE INSTALLATION OF PIPES AND HANDPUMPS, SAFE AND ACCESSIBLE CLEAN WATER SOURCES ARE NOW IN VILLAGES IN TWO NEW VILLAGES IN MALAWI.-$16,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
HEIDI RICKELSBoard Chair/PT$6,500-$6,500
AMY HARTCo-Founder EPT$0--
PHILIP WOLSTENHOLMETreasurerPT$0--
MARY BRIDGET WETZELLSecretaryPT$0--
KATE ASHLEYDirector-$0--
Filing and Contact Details

Filer

Filer Name
Freshwater Project International
EIN
45-2809348
Phone
3033587747
Address
PO BOX 158, INDIAN HILLS, CO 80454

Signing Officer

Name
Heidi Rickels
Title
Board Chair/exec Director
Signed
2021-10-12
Discuss with paid preparer
Yes

Preparer

Firm
Altruic Advisors Cpas
Address
4088 WASHTENAW AVE, ANN ARBOR, MI 48108
Preparer
Erik D Ladewig CPA
Phone
8882985297
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses marketing 2,562 office supplies 564 business registration 100 technology 8,740 travel 10,031 conferences & meetings exp 100 interest 60 insurance 2,378 bank fees 1,265 dues and subscriptions 2,070 program expenses 42 miscellaneous 694 exchange rate variance 88 meals & entertainment 33 equipment 2,907 other project expense 11,572 paypal fees 221 drill ops 7,808 project materials 18,933 vehicle (maintenance) 4,728 fundraising expenses 50 non-investment depreciation 7,476 total 82,422

Form 990-ez, Part II, Line 24

Prepaid expenses and deferred charges 372 1,222 drill rig 89,709 89,709 less accumulated depreciation 34,160 41,635 total 55,921 49,296

Form 990-ez, Part II, Line 26

Accounts payable and accrued expenses 6,048 3,572 loans from officers 60,000 60,000

Form 990-ez, Part III, Line 28

Wash in villages: most of organization's projects are concentrated in the rural areas of malawi, in communities where access to clean water, safe sanitation, and hygiene information is a major challenge. This year, through deep borehole drilling, and the installation of pipes and handpumps, safe and accessible clean water sources are now in villages in two new villages in malawi.

Form 990-ez, Part III, Line 29

Wash in schools: many schools in malawi lack access to clean water and safe sanitation. Students and teachers must fetch water from unprotected sources that are often contaminated and often are forced to relieve themselves in the bush. This exposes them to unhygienic practices and often results in water-related disease the impacts their school attendance. Additionally, when girls reach the age of puberty, they often drop out of school for lack of privacy in menstrual hygiene management. This year, the organization constructed deep pit latrine blocks at 2 schools in malawi.

Form 990-ez, Part III, Line 30

Wash in health centers: when a health center lacks access to clean water, it is nearly impossible for medical professionals to provide hygienic, safe care to their patients, much time is wasted, and services are often delayed. In partnership with engineer's without boarders-usa's engineering service corps, the organization was able to finalize phase ii wash system upgrades at 7 pilot health center water systems in malawi. Additionally, it completed or is in the process of completion of 6 additional upgrades at health centers in zomba disitrct.

Raw XML Appendix195 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES MARKETING 2,562 OFFICE SUPPLIES 564 BUSINESS REGISTRATION 100 TECHNOLOGY 8,740 TRAVEL 10,031 CONFERENCES & MEETINGS EXP 100 INTEREST 60 INSURANCE 2,378 BANK FEES 1,265 DUES AND SUBSCRIPTIONS 2,070 PROGRAM EXPENSES 42 MISCELLANEOUS 694 EXCHANGE RATE VARIANCE 88 MEALS & ENTERTAINMENT 33 EQUIPMENT 2,907 OTHER PROJECT EXPENSE 11,572 PAYPAL FEES 221 DRILL OPS 7,808 PROJECT MATERIALS 18,933 VEHICLE (MAINTENANCE) 4,728 FUNDRAISING EXPENSES 50 NON-INVESTMENT DEPRECIATION 7,476 TOTAL 82,422
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PREPAID EXPENSES AND DEFERRED CHARGES 372 1,222 DRILL RIG 89,709 89,709 LESS ACCUMULATED DEPRECIATION 34,160 41,635 TOTAL 55,921 49,296
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ACCOUNTS PAYABLE AND ACCRUED EXPENSES 6,048 3,572 LOANS FROM OFFICERS 60,000 60,000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3WASH IN VILLAGES: MOST OF ORGANIZATION'S PROJECTS ARE CONCENTRATED IN THE RURAL AREAS OF MALAWI, IN COMMUNITIES WHERE ACCESS TO CLEAN WATER, SAFE SANITATION, AND HYGIENE INFORMATION IS A MAJOR CHALLENGE. THIS YEAR, THROUGH DEEP BOREHOLE DRILLING, AND THE INSTALLATION OF PIPES AND HANDPUMPS, SAFE AND ACCESSIBLE CLEAN WATER SOURCES ARE NOW IN VILLAGES IN TWO NEW VILLAGES IN MALAWI.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4WASH IN SCHOOLS: MANY SCHOOLS IN MALAWI LACK ACCESS TO CLEAN WATER AND SAFE SANITATION. STUDENTS AND TEACHERS MUST FETCH WATER FROM UNPROTECTED SOURCES THAT ARE OFTEN CONTAMINATED AND OFTEN ARE FORCED TO RELIEVE THEMSELVES IN THE BUSH. THIS EXPOSES THEM TO UNHYGIENIC PRACTICES AND OFTEN RESULTS IN WATER-RELATED DISEASE THE IMPACTS THEIR SCHOOL ATTENDANCE. ADDITIONALLY, WHEN GIRLS REACH THE AGE OF PUBERTY, THEY OFTEN DROP OUT OF SCHOOL FOR LACK OF PRIVACY IN MENSTRUAL HYGIENE MANAGEMENT. THIS YEAR, THE ORGANIZATION CONSTRUCTED DEEP PIT LATRINE BLOCKS AT 2 SCHOOLS IN MALAWI.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5WASH IN HEALTH CENTERS: WHEN A HEALTH CENTER LACKS ACCESS TO CLEAN WATER, IT IS NEARLY IMPOSSIBLE FOR MEDICAL PROFESSIONALS TO PROVIDE HYGIENIC, SAFE CARE TO THEIR PATIENTS, MUCH TIME IS WASTED, AND SERVICES ARE OFTEN DELAYED. IN PARTNERSHIP WITH ENGINEER'S WITHOUT BOARDERS-USA'S ENGINEERING SERVICE CORPS, THE ORGANIZATION WAS ABLE TO FINALIZE PHASE II WASH SYSTEM UPGRADES AT 7 PILOT HEALTH CENTER WATER SYSTEMS IN MALAWI. ADDITIONALLY, IT COMPLETED OR IS IN THE PROCESS OF COMPLETION OF 6 ADDITIONAL UPGRADES AT HEALTH CENTERS IN ZOMBA DISITRCT.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 24
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART III, LINE 29
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0HEIDI RICKELS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0BOARD CHAIR/EXEC DIR
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-10-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FRESHWATER PROJECT INTERNATIONAL
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0INC
ReturnHeader/Filer/BusinessNameControlTxt0FRES
ReturnHeader/Filer/EIN0452809348
ReturnHeader/Filer/PhoneNum03033587747
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 158
ReturnHeader/Filer/USAddress/CityNm0INDIAN HILLS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CO
ReturnHeader/Filer/USAddress/ZIPCd080454
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0461335331
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ALTRUIC ADVISORS CPAS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04088 WASHTENAW AVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ANN ARBOR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd048108
ReturnHeader/PreparerPersonGrp/PhoneNum08882985297
ReturnHeader/PreparerPersonGrp/PreparationDt02021-10-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ERIK D LADEWIG CPA
ReturnHeader/ReturnTs02021-10-14T10:33:38-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0HEIDI
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0RICKELS
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.31$0.00$0.31$5.18$5.90$0.72
2023Detailed filing. Detailed filing data is available for this year.$1.05$0.00$1.05$4.43$3.82$0.61
2022Detailed filing. Detailed filing data is available for this year.$0.48$0.00$0.48$3.11$2.97$0.14
2021Detailed filing. Detailed filing data is available for this year.$1.02$0.61$0.40$2.89$2.62$0.27
2020Detailed filing. Detailed filing data is available for this year.$0.77$0.64$0.13$1.55$1.39$0.16
2019Detailed filing. Detailed filing data is available for this year.$0.64$0.66$0.02$1.04$1.31$0.27
2018Detailed filing. Detailed filing data is available for this year.$0.85$0.65$0.19$1.12$1.66$0.54
2017Detailed filing. Detailed filing data is available for this year.$1.34$0.60$0.74$1.58$1.17$0.41
2016Detailed filing. Detailed filing data is available for this year.$0.93$0.60$0.33$1.52$1.46$0.06
2015Detailed filing. Detailed filing data is available for this year.$0.86$0.60$0.26$0.75$0.59$0.16
2014Summary only. Only limited summary data is available for this year.$0.10$0.00$0.40$0.30$0.10
2013Summary only. Only limited summary data is available for this year.$0.00$0.00$0.27$0.28$0.02
2012Summary only. Only limited summary data is available for this year.$0.02$0.00$0.31$0.29$0.02
2011Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00