Waterequity Inc.

“Waterequity, inc. Contracted with water.org to receive ceo management services for a portion of the year, and paid water.org $77,777.75 for these services. Gary white was compensated directly by water.org.”

“A draft of form 990 is prepared and reviewed by an independent accounting firm. Waterequity's management reviews this draft, and any edits or modifications are jointly approved with the accounting firm, if necessary. The final form 990 along with all required schedules is then provided to waterequity's management and board prior to filing with the irs.”

“Annual statements: each director, principal officer, and member of a governing board shall annually sign a statement which affirms such person: (a) has received a copy of waterequity's conflict of interest policy exempt organization, (b) has read and understands the policy, (c) has agreed to comply with the policy, and (d) understands the organization is charitable and, to maintain its federal tax exemption, must engage primarily in activities that accomplish one or more of its tax-exempt purposes. Periodic reviews: to ensure that waterequity operates in a manner consistent with charitable purposes and doesn't engage in activities that could jeopardize its tax-exempt status. The cco conducts period reviews that assess: (a) where compensation arrangements are negotiated at arm's length and are reasonable; and (b) whether arrangements within the organization and across related organizations conform to the organization's written policies, are properly recorded, reflect reasonable investment or payments for goods and services, further charitable purposes and don't result in inurement, impermissible private benefit, or in an excess benefit transaction. When conducting the periodic reviews, the organization may, but need not, use outside advisors. If outside experts are used, their use shall not relieve the waterequity board of directors of its responsibility for ensuring periodic reviews are conducted. Note: the 2021 annual statements were collected in december 2021. Relieve the waterequity board of directors of its responsibility for ensuring periodic reviews are conducted.”

“The board reviewed and approved employee compensation based on their industry knowledge and experience. There were no official compensation studies or tests used to complete that review.”

“Governing documents, a compliance policies and procedures manual, and financial statements are available to the public upon request.”

“Cancellation of PPP loan interest.............................. $2,258”

“Description:int'l contr.-due diligence total fees:232217”

“Description:consulting services total fees:78686”

“Description:fund administrator total fees:6000”

“Description:other outside services total fees:117539”