Civic Intelligence

Louisville Water Foundation

990 • Fiscal year 2019 • EIN 46-2069742

Jan 01, 2019 to Dec 31, 2019 • Filed on May 08, 2020

550 S 3rd StreetLouisville, KY 40202

(502) 569-3683

Siviq Scores

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

Liabilities / Assets

90th percentile

0.53x

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

92nd percentile

0.44x

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

60th percentile

8.5%

Higher net margin than 60% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

94th percentile

166%

Faster asset growth than 94% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

66th percentile

13%

Faster revenue growth than 66% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Up

$382,013

Up $238,324 (+166%) from 2018

Net Assets

Up

$180,488

Up $38,894 (+27%) from 2018

Liabilities

Up

$201,525

Up $199,430 (+9519%) from 2018

Revenue

Up

$456,416

Up $51,018 (+13%) from 2018

Expenses

Up

$417,522

Up $4,079 (+1.0%) from 2018

Net Income

Up

$38,894

Up $46,939 (+583%) from 2018

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2013: $37,529Liabilities 2013: $0Net Assets 2013: $37,5292013Assets 2014: $224,574Liabilities 2014: $100,000Net Assets 2014: $124,5742014Assets 2015: $247,355Liabilities 2015: $0Net Assets 2015: $247,3552015Assets 2016: $252,517Liabilities 2016: $32,402Net Assets 2016: $220,1152016Assets 2017: $201,204Liabilities 2017: $51,565Net Assets 2017: $149,6392017Assets 2018: $143,689Liabilities 2018: $2,095Net Assets 2018: $141,5942018Assets 2019: $382,013Liabilities 2019: $201,525Net Assets 2019: $180,4882019Assets 2020: $2,215,908Liabilities 2020: $2,152Net Assets 2020: $2,213,7562020Assets 2021: $1,355,242Liabilities 2021: $1,717Net Assets 2021: $1,353,5252021Assets 2022: $1,112,182Liabilities 2022: $1,006Net Assets 2022: $1,111,1762022Assets 2023: $1,137,336Liabilities 2023: $772Net Assets 2023: $1,136,5642023Assets 2024: $3,173,273Liabilities 2024: $23,332Net Assets 2024: $3,149,9412024

Highlighted filing

2019

Assets$382,013
Liabilities$201,525
Net Assets$180,488

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2013: $55,246Expenses 2013: $17,717Net Income 2013: $37,5292013Revenue 2014: $293,723Expenses 2014: $206,677Net Income 2014: $87,0462014Revenue 2015: $360,361Expenses 2015: $237,580Net Income 2015: $122,7812015Revenue 2016: $384,441Expenses 2016: $411,681Net Income 2016: -$27,2402016Revenue 2017: $405,736Expenses 2017: $476,212Net Income 2017: -$70,4762017Revenue 2018: $405,398Expenses 2018: $413,443Net Income 2018: -$8,0452018Revenue 2019: $456,416Expenses 2019: $417,522Net Income 2019: $38,8942019Revenue 2020: $2,406,605Expenses 2020: $373,337Net Income 2020: $2,033,2682020Revenue 2021: $4,579,865Expenses 2021: $5,440,096Net Income 2021: -$860,2312021Revenue 2022: $466,919Expenses 2022: $709,268Net Income 2022: -$242,3492022Revenue 2023: $599,311Expenses 2023: $573,923Net Income 2023: $25,3882023Revenue 2024: $2,526,383Expenses 2024: $513,006Net Income 2024: $2,013,3772024

Highlighted filing

2019

Revenue$456,416
Expenses$417,522
Net Income$38,894
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
May 8, 2020
Return Version
2019v5.0
Gross Receipts
$456,416
Mission and Program Overview

Mission

The Louisville Water Foundation's mission is to improve the health and well-being of the communities we serve and around the world by providing water assistance and water education. The Foundation will provide assistance for water education efforts and will support programs with a mission of providing safe drinking water in other countries. The Foundation also contributes a portion of all donations to help struggling families in the community maintain access to the local water supply.

The Foundation seeks to improve the health and well-being of the communities we serve and around the world by providing water assistance and water education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$12,088$273,135▲ $261,047
Savings and Temporary Cash Investments$131,378$108,878▼ $22,500
Accounts Receivable$223$0▼ $223
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0--
Investments Program Related$0--
Land, Buildings, and Equipment, Net$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$143,689$382,013▲ $238,324
Other Assets Total$0$0→ $0
Liabilities
Grants Payable$0$200,000▲ $200,000
Accounts Payable and Accrued Expenses$2,095$1,525▼ $570
Other Liabilities$0$0→ $0
Total Liabilities$2,095$201,525▲ $199,430
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$141,594$180,488▲ $38,894
Total Net Assets Fund Balance$141,594$180,488▲ $38,894
Total Liabilities and Net Assets / Fund Balance$143,689$382,013▲ $238,324
Compensation and Service Providers

Board Members and Trustees

NameTitle
-BOARD MEMBER; CHAIR
-BOARD MEMBER; PRESIDENT
-Board Member
-Board Member, Secretary
-BOARD MEMBER; TREASURER
-BOARD MEMBER; TREASURER (PARTIAL YEAR)
Revenue and Support

Revenue Composition

Contributions and Grants
$453,256
Program Service Revenue
$0
Investment Income
$3,160
Other Revenue
$0
All Other Contributions
$453,256
Change in Net Assets
$38,894
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$407,200
Other Expenses$10,322
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$407,200--$407,200
Other Expenses$5,712$1,428-$7,140
Fees for Services Accounting-$1,840-$1,840
Insurance$590$148-$738
Office Expenses$445$111-$556
Fees for Services Other$38$10$0$48
Total Functional Expenses$413,985$3,537$0$417,522
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Association of Community MinistriesLouisville, KY501(c)3Water assistance$300,000
Multi-Purpose Community Action Agency (MPCAA)Shelbyville, KY501(c)3Water assistance$20,000
Teach KentuckyLouisville, KY501(c)3Water education$20,000
Young Authors Greenhouse IncLouisville, KY501(c)3Water education$20,000
Louisville Metro Parks FoundationLouisville, KY501(c)3Water assistance$15,000
KY TN Water Professionals ConferenceLouisville, KY501(c)3Water assistance$10,000
The Salvation ArmyLouisville, KY501(c)3Water assistance$10,000
Kentucky Derby MuseumLouisville, KY501(c)3Water education$7,200
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
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, Line 8B Documentation of meetings held by committees of governing body

There are no other committees with the authority to act on behalf of the governing body.

Form 990, Part VI, Line 11B Review of form 990 by governing body

The Form 990 is review by management of the organization. A full copy of the Form 990 was provided to every member of the governing body for comments or questions before it was filed with the IRS.

Form 990, Part VI, Line 12C Conflict of interest policy

The conflict of interest policy is designed to cover any director, principal officer, or member of a committee with governing board delegated powers. After disclosure of the financial interest and all material facts, and after any discussion with the interested person, they shall leave the governing board or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board or committee members shall decide if a conflict of interest exists.

Form 990, Part VI, Line 19 Required documents available to the public

Financial statements, governing documents, and conflict of interest policies are not required disclosures pursuant to internal revenue code (irc) section 6104. These documents are not available to the public at this time.

Filing and Contact Details

Filer

Filer Name
Louisville Water Foundation
EIN
46-2069742
Phone
5025693683
Address
550 S 3rd Street, Louisville, KY 40202

Signing Officer

Name
Lynn Pearson
Title
Treasurer
Signed
2020-05-08
Discuss with paid preparer
Yes

Organization Details

Formed
2013
Legal Domicile
Ky
Voting Board Members
13
Independent Board Members
13
Employees
0
Volunteers
14

Preparer

Firm
Crowe Llp
Address
9600 Brownsboro Road Suite 400, Louisville, KY 40241-1122
Preparer
Emilie Knieriem
Phone
5023263996
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IRS990/MissionDesc0The Louisville Water Foundation's mission is to improve the health and well-being of the communities we serve and around the world by providing water assistance and water education. The Foundation will provide assistance for water education efforts and will support programs with a mission of providing safe drinking water in other countries. The Foundation also contributes a portion of all donations to help struggling families in the community maintain access to the local water supply.
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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Water assistance
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1Water education
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2Water education
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3Water assistance
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt4Water assistance
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt5Water assistance
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt6Water assistance
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt7Water education
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0The Salvation Army
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1Teach Kentucky
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2Kentucky Derby Museum
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3KY TN Water Professionals Conference
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt4Louisville Metro Parks Foundation
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt5Association of Community Ministries

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