2021-08-16T10:31:28-05:00 2020-09-30 420714325 RSM US LLP 210 PARK AVE SUITE 1725 OKLAHOMA CITY OK 73102 990 2019-10-01 582060131 WATERORG WATE 8168778400 117 W 20TH STREET SUITE 203 KANSAS CITY MO 64108 FERNANDO ALANDIA CFO 8168778400 2021-08-13 1 LAUREN NOWAKOWSKI P01796934 4052397961 2021-08-13 2019 2022-09-23 18:48:47Z GARY WHITE 117 W 20TH STREET SUITE 203 KANSAS CITY MO 64108 19706348 0 X WWW.WATER.ORG X 1993 NC WATER.ORG'S GOAL IS TO BRING SAFE WATER AND SANITATION TO THE WORLD THROUGH ACCESS TO SMALL, AFFORDABLE LOANS. 14 13 102 0 120239 0 23960491 18740107 0 0 456055 155635 139442 132164 24555988 19027906 7446359 4727396 0 0 12073960 11787212 0 0 3530429 8597759 8954249 28118078 25468857 -3562090 -6440951 24021871 22420171 3735842 8297457 20286029 14122714 WATER.ORG'S GOAL IS TO BRING SAFE WATER AND SANITATION TO THE WORLD THROUGH ACCESS TO SMALL, AFFORDABLE LOANS. 0 0 14917412 4727396 WATER PROGRAMS:WATER.ORG WORKS TO CATALYZE NEW SOURCES OF CAPITAL TO POWER WATER AND SANITATION SOLUTIONS, DRIVE DOWN THE PHILANTHROPIC COSTS TO PROVIDE WATER, AND CONTINUALLY INCREASE THE NUMBER OF PEOPLE WITH ACCESS TO SAFE WATER AND SANITATION. WATER.ORG WORKS IN 13 COUNTRIES IN ASIA, AFRICA AND LATIN AMERICA. TOGETHER WITH OUR 154 PARTNERS AROUND THE WORLD, WE'VE CATALYZED MORE THAN $2.9 BILLION IN CAPITAL TO SUPPORT SMALL LOANS THAT BRING ACCESS TO SAFE WATER AND SANITATION TO MILLIONS OF PEOPLE IN NEED. 36 MILLION PEOPLE NOW HAVE ACCESS TO SAFE WATER AND SANITATION. 8242 0 OUTREACH:WATER.ORG RAISES AWARENESS OF THE GLOBAL WATER CRISIS AND ITS EFFORT TO BREAK DOWN THE FINANCIAL BARRIERS BETWEEN PEOPLE LIVING IN POVERTY AND ACCESS TO SAFE WATER AND SANITATION. WATER.ORG COMMUNICATES THROUGH A VARIETY OF CHANNELS, INCLUDING THE WATER.ORG WEBSITE, SOCIAL MEDIA, EMAIL, DIRECT MAIL, DIGITAL MEDIA AND MEDIA RELATIONS. WATER.ORG ALSO WORKS WITH GOVERNMENTS, SECTOR INSTITUTIONS AND OTHER PARTNERS AT A SYSTEMS-LEVEL TO INFLUENCE PUBLIC POLICY AND PRACTICE CHANGES THAT INCREASE THE FLOW OF CAPITAL FOR HOUSEHOLD WATER AND SANITATION SOLUTIONS. 14925654 1 1 0 1 0 0 0 0 0 0 1 0 1 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 1 X 30 0 102 1 1 1 1 IN ID BG PE KE RP ET 0 0 0 0 0 0 0 0 0 0 0 X 14 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AK AL AR AZ CA CO CT DC FL GA HI IL KS KY LA MA MD ME MI MN MS NC ND NV NH NJ NM NY OH OK OR PA RI SC TN UT VA WI WV X X FERNANDO ALANDIA 8168778400 117 W 20TH STREET SUITE 203 KANSAS CITY MO 64108 GARY WHITE CEO AND CO-FOUNDER 40.00 0.00 X X 334065 0 29658 JENNIFER SCHORSCH PRESIDENT 40.00 0.00 X 294200 0 30422 VEDIKA BHANDARKAR MANAGING DIRECTOR, INDIA 40.00 0.00 X 241823 0 0 DAVID FRIEDMAN CHIEF FINANCIAL OFFICER 40.00 0.00 X 208160 0 23582 RICHARD THORSTEN CHIEF PROGRAMS OFFICER 40.00 0.00 X 212171 0 14021 JOSH GUNKEL DIRECTOR OF TECHNOLOGY 40.00 0.00 X 178997 0 28197 NICOLE WICKENHAUSER DIRECTOR OF STRATEIC ALLIANCE 40.00 0.00 X 186690 0 13454 JULIE LAGUARDIA SR STRATEGIST, BRAND PARTNERSHIPS 40.00 0.00 X 182035 0 11246 PAUL O'CONNELL TREASURER 1.00 0.00 X X 0 0 0 KEITH QUINN SECRETARY 1.00 0.00 X X 0 0 0 ADAM SCHECHTER BOARD CHAIR 1.00 0.00 X X 0 0 0 HILARY SCHNEIDER VICE CHAIR 1.00 0.00 X X 0 0 0 LYNN TALIENTO IMMEDIATE PAST CHAIR 1.00 0.00 X X 0 0 0 ANIL ARORA BOARD MEMBER 1.00 0.00 X 0 0 0 CORTNEY ERIN BOARD MEMBER 1.00 0.00 X 0 0 0 JODI KAHN BOARD MEMBER 1.00 0.00 X 0 0 0 JACK LESLIE BOARD MEMBER 1.00 0.00 X 0 0 0 ANDY SAREYAN BOARD MEMBER 1.00 0.00 X 0 0 0 TONY STAYNER BOARD MEMBER 1.00 0.00 X 0 0 0 LARRY TANZ BOARD MEMBER 1.00 0.00 X 0 0 0 TERRY TRAYVICK BOARD MEMBER 1.00 0.00 X 0 0 0 1838141 0 150580 34 0 1 0 IDEO LP 444 SPEAR STREET STE 213 SAN FRANCISCO CA 94105 PRODUCT DEVELOPMENT CONSULTING 716000 RSM US LLP 4622 PENNSYLVANIA AVE STE 1100 CHICAGO IL 60674 PROFESSIONAL SERVICES 210120 WEST WING WRITERS 1150 CONNECTICUT AVENUE NW STE 505 WASHINGTON DC 20036 SPEECH AND MESSAGING WRITING 170280 WME IMG HOLDINGS LLC 9601 WILSHIRE BOULEVARD 3RD FLOOR BEVERLY HILLS CA 90210 MEDIA 120000 MORGAN LEWIS & BOCKIUS LLP 1111 PENNSYLVANIA AVE WASHINGTON DC 20004 CONSULTING SERVICES 106831 6 6818 604218 18129071 676811 18740107 150588 150588 11554 0 11554 11554 11554 682079 1410 676810 1632 5269 -222 5047 5047 CONTRACT SERVICE REVEN 541611 120239 120239 OTHER INCOME 900099 371 371 120610 19027906 11554 120239 156006 X 4727396 4727396 849699 99721 713617 36361 9315742 5352306 3032721 930715 295535 163547 108081 23907 665043 267233 323224 74586 661193 287079 292811 81303 514678 209910 273970 30798 107654 34081 67873 5700 5298196 2584100 1047493 1666603 50255 1148 9500 39607 746322 183516 331614 231192 733634 328318 332831 72485 701178 444593 212060 44525 5939 3035 2322 582 185387 80970 84006 20411 105866 47482 47135 11249 PROVISION FOR LOSS 144658 1387 0 143271 BANK AND CREDIT CARD 127869 8597 14524 104748 DUES, LICENSES AND FEES 34878 1115 22689 11074 FOREIGN EXCHANGE LOSS 13983 9584 4399 0 183752 90536 91904 1312 25468857 14925654 7012774 3530429 2156 2609 17349734 17759845 3519386 1500001 61645 57629 373667 330475 1143676 822697 424238 320979 1111754 1322929 1179291 1125704 24021871 22420171 3345600 1970999 390242 4901076 0 1425382 3735842 8297457 X 6739719 6785619 13546310 7337095 20286029 14122714 24021871 22420171 -6440951 277636 0 X X 0 1 X 1 0 X 16029028 26773151 30027360 23960491 18740107 115530137 16029028 26773151 30027360 23960491 18740107 115530137 49053704 66476433 54302 106782 216408 339520 150588 867600 315882 741160 290448 139442 371 1487303 117885040 0.56390 0.57490 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2015 AMOUNT: $ 15,012. 2016 AMOUNT: $ 4,024. 2017 AMOUNT: $ -129. 2018 AMOUNT: $ 26. 2019 AMOUNT: $ 371. FEE REVENUE - 2015 AMOUNT: $ 300,870. 2016 AMOUNT: $ 737,136. 2017 AMOUNT: $ 290,577. 2018 AMOUNT: $ 139,416. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 1143676 822697 320979 320979 WATERCREDIT FUND I 1125704 C 1125704 X 19324232 277636 18468 296104 19028128 -222 -222 19027906 25487547 18468 222 18690 25468857 0 25468857 PART X, LINE 2: WATER.ORG IS EXEMPT FROM INCOME TAXES UNDER SECTION 501 OF THE INTERNAL REVENUE CODE AND A SIMILAR PROVISION OF STATE LAW. HOWEVER, WATER.ORG IS SUBJECT TO FEDERAL INCOME TAX ON ANY UNRELATED BUSINESS TAXABLE INCOME. UNCERTAIN TAX POSITIONS, IF ANY, ARE RECORDED IN ACCORDANCE WITH FASB ACCOUNTING STANDARDS CODIFICATION (ASC) TOPIC 740, INCOME TAXES, WHICH REQUIRES THE RECOGNITION OF A LIABILITY FOR TAX POSITIONS TAKEN THAT DO NOT MEET THE MORE-LIKELY-THAN-NOT STANDARD THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION BY THE TAXING AUTHORITIES. THERE IS NO LIABILITY FOR UNCERTAIN TAX POSITIONS RECORDED AT SEPTEMBER 30, 2020 OR 2019. PART XI, LINE 4B - OTHER ADJUSTMENTS: LOSS ON SALE OF FIXED ASSETS -222. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON SALE OF FIXED ASSETS 222. 1 EAST ASIA AND THE PACIFIC 2 30 GRANT MAKING 942776 EAST ASIA AND THE PACIFIC 2 30 PROGRAM SERVICES WATERCREDIT 488855 SOUTH AMERICA 1 3 GRANT MAKING 360562 SOUTH AMERICA 1 3 PROGRAM SERVICES WATERCREDIT 291069 SOUTH ASIA 2 23 GRANT MAKING 2942032 SOUTH ASIA 2 23 PROGRAM SERVICES WATERCREDIT 769218 SUB-SAHARAN AFRICA 2 9 GRANT MAKING 482026 SUB-SAHARAN AFRICA 2 9 PROGRAM SERVICES WATERCREDIT & DIRECT IMPACT 127537 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES WATERCREDIT 558925 14 130 0 0 14 130 6404075 558925 6963000 EAST ASIA AND THE PACIFIC WATER PROJECTS 10103 WIRE EAST ASIA AND THE PACIFIC WATER PROJECTS 13765 WIRE EAST ASIA AND THE PACIFIC WATER PROJECTS 118660 WIRE EAST ASIA AND THE PACIFIC WATER PROJECTS 5720 WIRE EAST ASIA AND THE PACIFIC WATER PROJECTS 19541 WIRE EAST ASIA AND THE PACIFIC WATER PROJECTS 40851 WIRE EAST ASIA AND THE PACIFIC WATER PROJECTS 35461 WIRE EAST ASIA AND THE PACIFIC WATER PROJECTS 87640 WIRE EAST ASIA AND THE PACIFIC WATER PROJECTS 8332 WIRE EAST ASIA AND THE PACIFIC WATER PROJECTS 8270 WIRE EAST ASIA AND THE PACIFIC WATER PROJECTS 48039 WIRE EAST ASIA AND THE PACIFIC WATER PROJECTS 18843 WIRE EAST ASIA AND THE PACIFIC WATER PROJECTS 8736 WIRE EAST ASIA AND THE PACIFIC WATER PROJECTS 17277 WIRE EAST ASIA AND THE PACIFIC WATER PROJECTS 6765 WIRE EAST ASIA AND THE PACIFIC WATER PROJECTS 29844 WIRE EAST ASIA AND THE PACIFIC WATER PROJECTS 40000 WIRE EAST ASIA AND THE PACIFIC WATER PROJECTS 40778 WIRE EAST ASIA AND THE PACIFIC WATER PROJECTS 7000 WIRE EAST ASIA AND THE PACIFIC WATER PROJECTS 21135 WIRE EAST ASIA AND THE PACIFIC WATER PROJECTS 98410 WIRE EAST ASIA AND THE PACIFIC WATER PROJECTS 45382 WIRE EAST ASIA AND THE PACIFIC WATER PROJECTS 35830 WIRE EAST ASIA AND THE PACIFIC WATER PROJECTS 13040 WIRE EAST ASIA AND THE PACIFIC WATER PROJECTS 71784 WIRE SOUTH AMERICA WATER PROJECTS 79321 WIRE SOUTH AMERICA WATER PROJECTS 23220 WIRE SOUTH AMERICA WATER PROJECTS 33202 WIRE SOUTH AMERICA WATER PROJECTS 23220 WIRE SOUTH AMERICA WATER PROJECTS 12257 WIRE SOUTH AMERICA WATER PROJECTS 11828 WIRE SOUTH AMERICA WATER PROJECTS 6050 WIRE SOUTH AMERICA WATER PROJECTS 40016 WIRE SOUTH ASIA WATER PROJECTS 59609 WIRE SOUTH ASIA WATER PROJECTS 18286 WIRE SOUTH ASIA WATER PROJECTS 20431 WIRE SOUTH ASIA WATER PROJECTS 16633 WIRE SOUTH ASIA WATER PROJECTS 33202 WIRE SOUTH ASIA WATER PROJECTS 75732 WIRE SOUTH ASIA WATER PROJECTS 75036 WIRE SOUTH ASIA WATER PROJECTS 57755 WIRE SOUTH ASIA WATER PROJECTS 58328 WIRE SOUTH ASIA WATER PROJECTS 304510 WIRE SOUTH ASIA WATER PROJECTS 137737 WIRE SOUTH ASIA WATER PROJECTS 69575 WIRE SOUTH ASIA WATER PROJECTS 333751 WIRE SOUTH ASIA WATER PROJECTS 19360 WIRE SOUTH ASIA WATER PROJECTS 5533 WIRE SOUTH ASIA WATER PROJECTS 143848 WIRE SOUTH ASIA WATER PROJECTS 101515 WIRE SOUTH ASIA WATER PROJECTS 32294 WIRE SOUTH ASIA WATER PROJECTS 63842 WIRE SOUTH ASIA WATER PROJECTS 64266 WIRE SOUTH ASIA WATER PROJECTS 105030 WIRE SOUTH ASIA WATER PROJECTS 102288 WIRE SOUTH ASIA WATER PROJECTS 50871 WIRE SOUTH ASIA WATER PROJECTS 41491 WIRE SOUTH ASIA WATER PROJECTS 132051 WIRE SOUTH ASIA WATER PROJECTS 63304 WIRE SOUTH ASIA WATER PROJECTS 523762 WIRE SOUTH ASIA WATER PROJECTS 124509 WIRE SOUTH ASIA WATER PROJECTS 194382 WIRE SOUTH ASIA WATER PROJECTS 34620 WIRE SOUTH ASIA WATER PROJECTS 54223 WIRE SUB-SAHARAN AFRICA WATER PROJECTS 40000 WIRE CENTRAL AMERICA AND THE CARIBBEAN WATER PROJECTS 109810 WIRE SUB-SAHARAN AFRICA WATER PROJECTS 46312 WIRE SUB-SAHARAN AFRICA WATER PROJECTS 36596 WIRE SUB-SAHARAN AFRICA WATER PROJECTS 12468 WIRE SUB-SAHARAN AFRICA WATER PROJECTS 40635 WIRE SUB-SAHARAN AFRICA WATER PROJECTS 44931 WIRE SUB-SAHARAN AFRICA WATER PROJECTS 32192 WIRE 0 72 0 0 0 0 0 0 PART I, LINE 2: FOR EACH ORGANIZATION RECEIVING PROGRAM GRANT FUNDING, MONTHLY REPORTS ARE REQUIRED TO BE SUBMITTED, WHICH CONTAIN AN ACCOUNTING OF THE AMOUNTS EXPENDED, COMPARED TO ORIGINAL BUDGETS, AND AN EXPLANATION OF ANY VARIANCES. REQUESTS FOR CHANGES IN BUDGET MUST BE SUBMITTED IN WRITING WITH EXPLANATION. MONITORING AND EVALUATION OF PROJECT WORK IS ASSESSED WITH IN-PERSON VISITS TO THE COMMUNITY SITES. PART I, LINE 3: THE ACCRUAL METHOD IS USED TO ACCOUNT FOR EXPENDITURES. PART III ACCOUNTING METHOD: PART II LINE 1 : THE ACCRUAL METHOD IS USED FOR THE ORGANIZATIONS FINANCIAL STATEMENTS. X X 1 0 0 0 0 0 0 1 0 GARY WHITE CEO AND CO-FOUNDER 288415 0 45392 0 258 0 8000 0 21658 0 363723 0 0 0 JENNIFER SCHORSCH PRESIDENT 250763 0 43299 0 138 0 12143 0 18279 0 324622 0 0 0 VEDIKA BHANDARKAR MANAGING DIRECTOR, INDIA 207047 0 34776 0 0 0 0 0 0 0 241823 0 0 0 DAVID FRIEDMAN CHIEF FINANCIAL OFFICER 181336 0 26566 0 258 0 8516 0 15066 0 231742 0 0 0 RICHARD THORSTEN CHIEF PROGRAMS OFFICER 185737 0 26344 0 90 0 7453 0 6568 0 226192 0 0 0 JOSH GUNKEL DIRECTOR OF TECHNOLOGY 155589 0 23348 0 60 0 7579 0 20618 0 207194 0 0 0 NICOLE WICKENHAUSER DIRECTOR OF STRATEIC ALLIANCE 163311 0 23319 0 60 0 6363 0 7091 0 200144 0 0 0 JULIE LAGUARDIA SR STRATEGIST, BRAND PARTNERSHIPS 158095 0 23940 0 0 0 4788 0 6458 0 193281 0 0 0 PART I, LINE 4A DAVID FRIEDMAN: $47,846; JULIE LAGUARDIA: $59,850. THESE TWO INDIVIDUALS RECEIVED A SEVERANCE PAYMENT DURING TAX YEAR 2019. THE PAYMENT IS INCLUDED IN PART VII, COLUMN D (E) AND SCHEDULE J, PART II, COLUMN B(III). PART I, LINE 7 NON-FIXED PAYMENTS IN THE FORM OF A BONUS ARE DETERMINED BASED ON PERSONAL AND ORGANIZATIONAL PERFORMANCE AND THE DISCRETION OF THE BOARD OF DIRECTORS. X 21 676811 FMV 0 0 1 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS RECEIVED ON SCHEDULE M, PART I, COLUMN B. FORM 990, PART VI, SECTION B, LINE 11B THE ANNUAL 990 TAX RETURN IS FIRST REVIEWED BY THE AUDIT COMMITTEE OF THE BOARD, THEN BY THE FULL BOARD OF DIRECTORS. THE COMPLETE FORM 990, TOGETHER WITH ALL SUPPLEMENTAL SCHEDULES IS PROVIDED TO THE BOARD IN ADVANCE OF THE MEETING SO THAT EACH BOARD MEMBER HAS ADEQUATE TIME TO REVIEW. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE REQUIRED TO NOTIFY THE ORGANIZATION OF ANY CONFLICT OF INTEREST. THIS NOTIFICATION SHOULD BE IN ADVANCE OF THE CONFLICT, IF KNOWN, OR AS SOON AS THE CONFLICT HAS BEEN IDENTIFIED. WHEN A CONFLICT HAS BEEN DETERMINED, THE BOARD MEMBER OR OFFICER INVOLVED ABSTAINS FROM VOTING AND THE ORGANIZATION OBTAINS INDEPENDENT, OUTSIDE BIDS. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION OF OFFICERS AND KEY EMPLOYEES IS DETERMINED BY CONSULTATION WITH LOCAL, REGIONAL OR NATIONAL WAGE SURVEYS, DEPENDING ON THE APPROPRIATENESS TO THE POSITION. THE EXECUTIVE DIRECTOR'S COMPENSATION IS DETERMINED BY THE EXECUTIVE COMMITTEE AND THE BOARD. ALL OTHER KEY EMPLOYEES COMPENSATION IS DETERMINED BY THE CHIEF EXECUTIVE OFFICER, ASSESSED USING COMPARABLE DATA AND MARKET SALARY SURVEYS AND THEN SUBMITTED TO BOARD FOR ANNUAL APPROVAL. FORM 990, PART VI, SECTION C, LINE 19 ORGANIZATIONAL AND FINANCIAL DOCUMENTS OF THE ORGANIZATION, INCLUDING ANNUAL TAX RETURN AND AUDIT REPORTS ARE POSTED ON OUR WEBSITE WWW.WATER.ORG WITHIN 30 DAYS OF THE ISSUANCE OF THE DOCUMENTS. OTHER GOVERNANCE DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G MISCELLANEOUS: PROGRAM SERVICE EXPENSES 2,579,285. MANAGEMENT AND GENERAL EXPENSES 823,820. FUNDRAISING EXPENSES 1,633,602. TOTAL EXPENSES 5,036,707. IT CONSULTING: PROGRAM SERVICE EXPENSES 4,815. MANAGEMENT AND GENERAL EXPENSES 223,673. FUNDRAISING EXPENSES 33,001. TOTAL EXPENSES 261,489. FORM 990, PART XII, LINE 2: AS OF THE DATE OF FILING THIS FORM 990, THE ORGANIZATION IS IN THE PROCESS FINALIZING ITS AUDITED FINANCIAL STATEMENTS FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2020. THE AMOUNTS REFLECTED ON FORM 990 ALIGN WITH THE DRAFT AUDIT REPORT THAT IS EXPECTED TO BE FINALIZED IN AUGUST 2021. WATERCREDIT INVESTMENT FUND 1 LLC 117 W 20TH STREET KANSAS CITY MO 64108 300819072 FUND MANAGEMENT DE RELATED 0 43139 1149801 0 0 0 0.11030