Waterequity Inc.

“A draft of form 990 is prepared and reviewed by an independent accounting firm. The draft form 990 is then reviewed by waterequity's management and the audit committee of the board. Any edits or modifications are jointly approved with the accounting firm, if necessary. The complete form 990, together with all required schedules is provided to the full board of directors 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. (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 coo conducts periodic reviews, in consultation with the board where necessary, that assess: 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 2024 annual statements were collected in december 2024.”

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

“COMPENSATION REPORTED ON PART VII FOR JOHN MOYER IS FOR HIS POSITION AS CHIEF INVESTMENT OFFICER THROUGH APRIL 2024 AND BUSINESS ADVISOR FROM MAY to DECEMBER 2024.”

“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.”

“Waterequity llc (f/k/a watercredit llc), a disregarded entity of the reporting organization, issued 14 form 1099 during calendar year 2024.”

“Waterequity llc (f/k/a watercredit llc), a disregarded entity of the reporting organization, issued 22 form w-2 during calendar year 2024.”

“INDEPENDENT CONTRACTOR-DUE DILIGENCE - Total Expense: 2038663, Program Service Expense: 2033785, Management and General Expenses: 4878, Fundraising Expenses: 0; OUTSIDE SERVICES - Total Expense: 363256, Program Service Expense: 340823, Management and General Expenses: 22433, Fundraising Expenses: 0; CONSULTING SERVICES - Total Expense: 286728, Program Service Expense: 286728, Management and General Expenses: 0, Fundraising Expenses: 0; FUND ADMINISTRATOR - Total Expense: 84209, Program Service Expense: 84209, Management and General Expenses: 0, Fundraising Expenses: 0; OTHER PROFESSIONAL FEES - Total Expense: 12814, Program Service Expense: 12814, Management and General Expenses: 0, Fundraising Expenses: 0;”