Civic Intelligence

Waterloop Inc

EIN 84-3267747 • 501(c)3 • Wilmington, NC

Profile

Waterloop is a nonprofit media outlet presenting podcasts, videos, and social media content focused on exploring water solutions. Waterloop aims to educate, motivate,and empower.

3301 Aster CourtWilmington, NC 28409

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

93rd percentile

1.00x

Higher debt load relative to assets than 93% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

81st percentile

0.08x

Higher debt load relative to revenue than 81% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

14th percentile

-51%

Higher net margin than 14% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

84th percentile

$0

Higher top officer pay than 84% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

18th percentile

-49%

Faster asset growth than 18% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2024

Revenue Growth

67th percentile

14%

Faster revenue growth than 67% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2024

Assets

Down

$19,813

Down $57,292 (-74%) from 2022

Liabilities

Up

$19,813

Up $19,813 from 2022

Net Assets

Down

$0

Down $77,105 (-100%) from 2022

Revenue

Up

$234,463

Up $52,652 (+29%) from 2022

Expenses

Up

$353,100

Up $243,261 (+221%) from 2022

Net Income

Down

-$118,637

Down $190,609 (-265%) from 2022

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$80K$60K$40K$20K$0Assets 2020: $3,273Liabilities 2020: $0Net Assets 2020: $3,2732020Assets 2021: $5,133Liabilities 2021: $0Net Assets 2021: $5,1332021Assets 2022: $77,105Liabilities 2022: $0Net Assets 2022: $77,1052022Assets 2024: $19,813Liabilities 2024: $19,813Net Assets 2024: $02024

Highlighted filing

2024

Assets$19,813
Liabilities$19,813
Net Assets$0

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$400K$200K$0-$200KRevenue 2020: $100,000Expenses 2020: $96,727Net Income 2020: $3,2732020Revenue 2021: $152,860Expenses 2021: $151,000Net Income 2021: $1,8602021Revenue 2022: $181,811Expenses 2022: $109,839Net Income 2022: $71,9722022Revenue 2024: $234,463Expenses 2024: $353,100Net Income 2024: -$118,6372024

Highlighted filing

2024

Revenue$234,463
Expenses$353,100
Net Income-$118,637

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Mar 17, 2025
Return Version
2024v5.2
Gross Receipts
$234,463
Mission and Program Overview

Mission

Waterloop is a nonprofit media outlet presenting podcasts, videos, and social media content focused on exploring water solutions. Waterloop aims to educate, motivate, and empower action to advance water sustainability and human well-being.

Waterloop is a nonprofit media outlet presenting podcasts, videos, and social media content focused on exploring water solutions. Waterloop aims to educate, motivate,and empower.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts-$19,813-
Total Assets$0$19,813▲ $19,813
Liabilities
Other Liabilities-$19,813-
Total Liabilities$0$19,813▲ $19,813
Net Assets / Fund Balance
Total Net Assets Fund Balance$0$0→ $0
Total Liabilities and Net Assets / Fund Balance$0$19,813▲ $19,813
Compensation and Service Providers

Board Members and Trustees

NameTitle
Travis LoopPresident
Mike McGillDirector
Noah SabichDirector
Baron SekiyaSecretary
Ellen GilinskyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$234,463
Change in Net Assets
$-118,637
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$353,100
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$353,100$0$0$353,100
Total Functional Expenses$353,100$0$0$353,100
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
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Credit Card$19,813
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Waterloop Inc
EIN
84-3267747
Phone
4435101571
Address
3301 Aster Court, Wilmington, NC 28409

Signing Officer

Name
Travis Loop
Title
President
Phone
4435101571
Signed
2025-03-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Travis Loop
Formed
2019
Legal Domicile
Nc
Voting Board Members
5
Independent Board Members
2
Employees
0
Volunteers
3

Preparer

Firm
Jon T Vincent CPA PC
Address
1015 Ashes Drive Suite 202, Wilmington, NC 28405
Preparer
Jon T Vincent
Phone
9102560101
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

Current Liability

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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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