Operation Water Inc
- Assets
- $290.0
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Rehoboth Bch, DE
- Founding
- 07/2018
- Data as of
- 12/2021
- EIN
- 81-1644787
Organization Overview
Operation Water Inc is located in Rehoboth Bch, DE. The organization was established in 2018. According to its NTEE Classification (Q32) the organization is classified as: International Economic 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. Operation Water 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 12/2021, Operation Water Inc generated $147.2k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $156.7k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
WE ARE CURRENTLY DEVELOPING OUR FIRST SET OF WATER INFRASTRUCTURE PROJECTS IN MOZAMBIQUE. WE HAVE HAD TO PAY ENGINEERING CONSULTANTS LEGAL CONSULTANTS FINANCIAL CONSULTANTS TRANSLATOR CONSULTANTS AND OTHER CONSULTANTS TO ADVANCE OUR PROJECTS. SINCE THE PROJECTS HAVE NOT YET BEEN BUILT PEOPLE HAVE NOT YET BENEFITTED FROM THE PROJECTS. WE ARE CURRENTLY FINALIZING THE CONCESSION CONTRACT AND SPEAKING WITH FINANCIERS TO RAISE CAPITAL FOR 8 WATER SYSTEMS WHICH IS PROJECTED TO SERVE ~400K PEOPLE IN MOZAMBIQUE WITH AFFORDABLE SUSTAINABLE ACCESS TO CLEAN WATER FOR THE NEXT 30 YEARS THE LIFE OF THE CONCESSION.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ryan Phillips-Page CEO & Board Member | 75 | $29,212 | |
Yogesh Mago President & Board Member | 40 | $0 | |
Marco Di Girolamo Board Member | 10 | $0 | |
Mian Azmy Board Member | 8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $147,196 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $147,196 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $29,212 |
| Professional fees and other payments to independent contractors | $35,878 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $1,666 |
| Other expenses | $89,980 |
| Total expenses | $156,736 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $290 |
| Other assets | $0 |
| Total assets | $290 |
| Total liabilities | $49,564 |
| Net assets or fund balances | -$49,274 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Operation Water Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Portfolios With Purpose Inc New York, NY PURPOSE: TO HELP WITH THE ORGANIZATION'S PROGRAM EXPENSES FOR THE UPCOMING FISCAL YEAR. | $10,000 |
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|---|---|---|
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