Water For Life Foundation Inc
- Assets
- $661.9k
- Revenue
- $152.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Monroe, NC
- Founding
- 08/2011
- Data as of
- 12/2022
- EIN
- 27-3274297
Organization Overview
Water For Life Foundation Inc is located in Monroe, NC. The organization was established in 2011. According to its NTEE Classification (Q30) the organization is classified as: International Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Water For Life Foundation Inc 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 For Life Foundation Inc generated $152.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $177.4k during the year ending 12/2022. While expenses have increased by 10.2% 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
WATER FOR LIFE FOUNDATION, INC. OVERSEES AND PAYS CONTRACTORS IN AFRICA TO DRILL AND REPAIR WELLS, INCLUDING SOLAR POWERED WELLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Cuthbertson President | 0 | $0 | |
Johnathan Mccall Secretary/tr | 0 | $0 | |
Wesley S Hinson Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $151,000 |
| Interest on Savings | $1,516 |
| 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 | $0 |
| Total Revenue | $152,516 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $200 |
| Depreciation | $133,944 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $32,093 |
| Total operating and administrative expenses | $166,522 |
| Contributions, gifts, grants paid | $10,864 |
| Total expenses and disbursements | $177,386 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,785 |
| Savings and temporary cash investments | $659,122 |
| 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 | $0 |
| 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 | $0 |
| Other assets | $0 |
| Total assets | $661,907 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Water For Life Foundation Inc has awarded $10,864 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
OPERATION SAVE PURPOSE: PHYSICAL, SPIRITUAL & CULTURAL NEEDS | $2,000 |
WATER FOR LIFE BOREHOLES PURPOSE: REPAIR VEHICLES USED FOR WELL REPAIR | $8,864 |