Lifewater Inc

“Form 990 is prepared by an independent cpa firm and reviewed in detail by the organization's top management. The reviewed form 990 is then provided to the board of directors prior to filing with the irs.”

“The organization requires all directors, officers, and management to annually complete and sign a conflict of interest disclosure form. The board chairman is responsible for reviewing the signed statements and ensuring that interested persons are in compliance with the conflict of interest policy. Should any potential conflicts of interest be disclosed, they are immediately brought to the board for discussion, addressed, and resolved. Board members are asked to refrain from participation in any deliberation or decision with regard to matters affected by the relationship.”

“Line 15a: the board and the compensation committee ensure the independence of the persons involved in the setting and approval process of compensation for the president/ceo. They seek comparability data from comparable organizations and market evaluations before making any determinations. Contemporaneous substantiation of the deliberation and decision is documented in the board minutes. Line 15b: the compensation for the coo/treasurer is determined by the president/ceo. Comparability data from comparable organizations and market evaluations is used before making any determinations. Contemporaneous substantiation of the deliberation and decision is documented during the annual budgeting process and in the hr file.”

“The governing documents, conflict of interest policy and financial statements are available upon request.”

“Lifewater international merged operations with water for good, another nonprofit 501c3 organization, effective jan 1, 2024, with the water for good brand name surviving.”