Lake Tanganyika Floating Health Clinic
- Assets
- $219.0k
- Revenue
- $404.2k
- Investments
- $0.0
- Employees
- 2
- Location
- Chicago, IL
- Founding
- 12/2010
- Data as of
- 06/2022
- EIN
- 27-1149995
Organization Overview
Lake Tanganyika Floating Health Clinic, operating under the name Wave (water Based Aid Value Engagement)), is located in Chicago, IL. The organization was established in 2010. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 06/2022, Wave (water Based Aid Value Engagement)) employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wave (water Based Aid Value Engagement)) 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 06/2022, Wave (water Based Aid Value Engagement)) generated $404.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.8%) each year. All expenses for the organization totaled $425.6k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (11.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE LAKE TANGANYIKA FLOATING HEALTH CLINIC IS AN ORGANIZATION THAT IS BOTH DEDICATED AND UNIQUELY POSITIONED TO DRIVE POSITIVE OUTCOMES FOR THE PEOPLE AND ENVIRONMENT IN THE LAKE TANGANYIKA BASIN BY:DELIVERING HEALTH CARE BY BOAT TO THE MILLIONS LIVING IN THE BASIN, AS WELL AS PROVIDING HEALTHCARE WORKER TRAINING AND LOCAL HEALTH CENTER SUPPORT;ACTING AS A RELIABLE, INDEPENDENT, AND CURRENT KNOWLEDGE BANK FOR STAKE-HOLDERS, NGOS AND OTHER ACTORS SEEKING TO WORK IN THE REGION;SERVING AS A RESEARCH AND DEVELOPMENT PLATFORM FOR A WIDE RANGE OF PARTIES INCLUDING ACADEMIC RESEARCH INSTITUTIONS, MEDICAL TECHNOLOGY COMPANIES, BUSINESSES, NGOS, AND MULTI-LATERALS; ANDHEIGHTENING AWARENESS BOTH IN AFRICA AND GLOBALLY OF THE MILLIONS EFFECTIVELY OFF THE GRID TODAY IN THE REGION, AND MOREOVER THE INCREASINGLY CLEAR GEOPOLITICAL, ENVIRONMENTAL AND ECONOMIC SIGNIFICANCE OF THE LAKE TANGANYIKA BASIN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LAKE TANGANYIKA FLOATING HEALTH CLINIC (LTFHC) CONTINUES TO DELIVER MEDICAL CARE, DISTRIBUTE VITAL SUPPLIES, REVITALIZE LAKESIDE CLINICS AND ENABLE NEW COMMUNICATIONS NETWORKS WHILE PLANNING TO BUILD A STATE-OF-THE-ART HOSPITAL SHIP THAT PROVIDES EDUCATION, INFORMATION, AND MEDICAL SERVICES TO THE COMMUNITIES AND GROWING INTERNATIONAL WORK FORCE BORDERING LAKE TANGANYIKA. THE LTFHC'S WORK HAS INCLUDED DISEASE MITIGATION PROGRAMS AND EDUCATION, AS WELL AS THE GATHERING OF VALUABLE HEALTH DATA THROUGH ITS RADIO NETWORK AND ELECTRONIC MEDICAL RECORD PLATFORM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy G Lehman MD MBA CEO | OfficerTrustee | 40 | $0 |
Kevin Sangudi Treasurer | OfficerTrustee | 2.5 | $0 |
Brahmy Poologasingh Secretary | OfficerTrustee | 2.5 | $0 |
Louis Muderhwa Director | Trustee | 2.5 | $0 |
Kenneth Lehman Director | Trustee | 2.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $401,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $401,000 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $404,223 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $201,455 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,272 |
| Payroll taxes | $22,554 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,430 |
| Fees for services: Accounting | $11,325 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $15,600 |
| Advertising and promotion | $0 |
| Office expenses | $33,634 |
| Information technology | $7,260 |
| Royalties | $0 |
| Occupancy | $26,317 |
| Travel | $49,313 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $25,893 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $425,569 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $77,791 |
| Savings and temporary cash investments | $586 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,000 |
| Net Land, buildings, and equipment | $113,524 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $24,146 |
| Other assets | $0 |
| Total assets | $219,047 |
| Accounts payable and accrued expenses | $2,442 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,442 |
| Net assets without donor restrictions | $176,762 |
| Net assets with donor restrictions | $39,843 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $219,047 |