The Water Fund Ltd
- Assets
- $3.3m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Brooklyn, NY
- Founding
- 09/2002
- Data as of
- 12/2022
- EIN
- 05-0526704
Organization Overview
The Water Fund Ltd is located in Brooklyn, NY. The organization was established in 2002. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Water Fund Ltd is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Water Fund Ltd generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.3% each year . All expenses for the organization totaled $514.2k during the year ending 12/2022. While expenses have increased by 0.9% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTAINING AND OPERATING A MIKVAH (RITUAL BATH)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mendel Rabkin Pres & Treas | 1 | $0 | |
Yossef Rabkin VP | 0.08 | $0 | |
Shalom Rabkin Sec | 0.08 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $789,570 |
| Interest on Savings | $509 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $689,322 |
| Total Revenue | $1,479,401 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $137,817 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $11,878 |
| Depreciation | $26,942 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $307,845 |
| Total operating and administrative expenses | $490,246 |
| Contributions, gifts, grants paid | $24,000 |
| Total expenses and disbursements | $514,246 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $88,793 |
| Savings and temporary cash investments | $12,118 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $48,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $3,178,979 |
| Other assets | $0 |
| Total assets | $3,327,890 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $985,000 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $985,000 |
Grants Awarded
Over the last fiscal year, The Water Fund Ltd has awarded $24,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CHABAD OF TAOS PURPOSE: CHARITABLE | $14,000 |
UNITED LUBAVITCH YESHIVA OCEAN PARKWAY PURPOSE: CHARITABLE | $10,000 |