2023-10-30T11:03:01-05:00 2022-12-31 BDO USA 100 PARK AVENUE NEW YORK NY 100175001 990 2022-01-01 814109426 WATEREQUITY INC % PAUL COHOON WATE 8162891803 117 W 20TH STREET Suite 204 KANSAS CITY MO 64108 PAUL O'CONNELL PRESIDENT 8162891803 2023-10-27 true PAUL OCONNELL 999009999 Paul Hammerschmidt P01384178 2128858000 2 2022 2023-04-26 12:10:37Z Gary White 117 W 20TH STREET suite 204 KANSAS CITY MO 64108 5388130 false X WWW.WATEREQUITY.ORG X 2016 MO TO FOSTER AN ENDURING INVESTMENT CAPITAL MARKET THAT ACCELERATES UNIVERSAL ACCESS TO SAFE WATER AND SANITATION in low- and middle-income countries. 7 7 19 7 0 0 1169928 2123811 2509829 3113915 68779 150332 0 72 3748536 5388130 0 0 0 0 2619723 2862969 0 0 120250 797698 1893716 3417421 4756685 331115 631445 22174909 22828152 3029417 3079076 19145492 19749076 TO FOSTER AN ENDURING INVESTMENT CAPITAL MARKET THAT ACCELERATES UNIVERSAL ACCESS TO SAFE WATER AND SANITATION IN LOW- AND MIDDLE-INCOME COUNTRIES. false false 4476095 0 3113915 WATEREQUITY IS THE FIRST ASSET MANAGER EXCLUSIVELY FOCUSED ON SOLVING ONE OF THE MOST URGENT ISSUES OF OUR TIME - THE GLOBAL WATER AND SANITATION CRISIS. TO DATE, WATEREQUITY HAS REACHED 4.1 MILLION PEOPLE WITH ACCESS TO SAFE WATER AND/OR SANITATION; 96% OF THE PEOPLE SUPPORTED BY THE ORGANIZATION ARE WOMEN, AND 65% EARN BELOW A LIVING INCOME. 4476095 true true false false false false false false false false false false true true false false false false false false true false false false false false false false false true false false false false false false false false false false false false true true true true false false true 12 0 true 19 true false true IN false false false false false false false false false false X 7 7 false false false false false false false true true false false true true true true true true false false false X PAUL COHOON 8162891803 117 W 20TH STREET SUITE 204 KANSAS CITY MO 64108 X JOHN MOYER CHIEF INVESTMENT OFFICER 50.0 0.0 X 270693 0 23771 CATHERINE COLYER COO & CHIEF COMPLIANCE OFFICER 50.0 0.0 X 205118 0 53328 ELAN EMANUEL CHIEF INV. RELATIONS OFFICER 50.0 0.0 X 197581 0 45040 GENEVIEVE EDENS DIRECTOR, IMPACT & ESG 50.0 0.0 X 164502 0 20200 CHERYL WRIGHT DIR., INVESTMENT COMPLIANCE 50.0 0.0 X 155668 0 23618 JESSICA O'NEILL DIRECTOR, COMMUNICATIONS 50.0 0.0 X 145095 0 24229 Marie MILLIGAN DIRECTOR, COMPLIANCE 50.0 0.0 X 152660 0 11606 Hasan Andalib ASSO. DIR., ALT. FL INVESTMENT 50.0 0.0 X 141904 0 18234 PAUL O'CONNELL PRESIDENT 50.0 0.0 X 109926 0 41991 Paul Cohoon Director of Accounting 50.0 0.0 X 130133 0 17770 GILBERT CHING CFO THRU 1/15/22 40.0 0.0 X 12827 0 2747 GARY WHITE CEO & CHAIRMAN 10.0 10.0 X X 0 0 0 GLENN ROCKMAN SECRETARY / VICE CHAIRMAN 1.0 1.0 X X 0 0 0 AMY BELL TREASURER 1.0 1.0 X X 0 0 0 VICKI BOYNE Director 1.0 1.0 X 0 0 0 JAN CREIDENBERG Director 1.0 1.0 X 0 0 0 TERRY TRAYVICK Director as of 6/6/22 1.0 1.0 X 0 0 0 MARGRET TRILLI Director 1.0 1.0 X 0 0 0 1686107 0 282534 13 false true false RAYMOND A CLAMP HIGHFIELD UPPER WARREN AVENUE BERKSHIRE 0 UK RG4 7EJ CONSULTING 215397 SRIDHAR SAMPATH 4A MALOLA NILAYAM 69 RAMASAMI KK N CHENNAI 0 IN 600078 CONSULTING 165766 SINGARA ADVISORY PTE LTD 16 STIRLING ROAD 02-15 BUKIT PURMEI 0 SN 148957 CONSULTING 150137 AMIT AGARWAL T6-1004 LT EMERALD ISLE SAKI VIHAR MUMBAI 0 IN 400072 CONSULTING 128116 ARNOLD PORTER KAYE SCHOLER LLP 601 MASSACHUETTS AVENUE WASHINGTON DC 20001 LEGAL CONSULTING 114498 5 2123811 2123811 MANAGEMENT FEE INCOME 541618 3113915 3113915 3113915 150332 150332 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 MISCELLANEOUS REVENUE 900099 72 72 72 5388130 3113915 150404 X 0 0 0 0 1110924 1040280 30033 40611 0 1449059 1356913 39174 52972 0 140664 127393 6761 6510 162322 151440 4471 6411 0 272920 272488 432 167729 156829 10900 0 0 0 1169245 1160031 6500 2714 9900 9900 35932 32868 2464 600 10220 10220 0 15600 15600 153548 124535 29013 0 14210 13419 791 0 0 0 16151 14536 1615 TEAM EVENTS 14976 14976 MEMBERSHIP DUES & SUBS. 3522 3422 100 OTHER 9763 9763 4756685 4476095 160340 120250 6677332 0 2107630 10129709 4936393 3000000 10783 210844 0 0 0 0 0 0 0 0 778092 149219 0 0 0 0 0 0 2550098 4196415 0 0 5114581 5141965 22174909 22828152 504417 671346 0 0 0 0 0 0 0 0 0 0 0 0 2525000 2407730 0 0 3029417 3079076 X 18070492 18674076 1075000 1075000 19145492 19749076 22174909 22828152 631445 -27861 X false false false X 4502565 3500056 10829885 1169928 2123811 22126245 0 0 4502565 3500056 10829885 1169928 2123811 22126245 14650097 7476148 31728 9042 68779 150332 259881 0 24985 79075 8163 0 72 112295 22498421 8257323 0.33230 0.49130 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED GLOBAL ACCESS FUND 3743279 F WATERCREDIT INVESTMENT FUND 3 453136 F 4196415 CASH GNTEE./COLLATERAL-WCIF3 5141965 5141965 Central America and the Caribbean 0 0 Program Services CONSULTING 15209 East Asia and the Pacific 0 1 Program Services CONSULTING 260357 Europe (Including Iceland and Greenland) 0 2 Program Services CONSULTING 307589 South America 0 3 Program Services CONSULTING 56157 South Asia 0 2 Program Services CONSULTING 371829 Sub-Saharan Africa 0 2 Program Services CONSULTING 45890 0 10 0 10 1057031 1057031 false false false true true false SCHEDULE F, PART I, LINE 1: THE ORGANIZATION DOES NOT MAKE GRANTS, SO THIS QUESTION DOES NOT APPLY. SCHEDULE F, PART I, LINE 3, COLUMN F: THE ORGANIZATION USES THE ACCRUAL METHOD OF ACCOUNTING. false false false false false true true true false JOHN MOYER CHIEF INVESTMENT OFFICER 238033 0 32600 0 60 0 22954 0 817 0 294464 0 9636 0 CATHERINE COLYER COO & CHIEF COMPLIANCE OFFICER 170680 0 34300 0 138 0 17537 0 35791 0 258446 0 6218 0 ELAN EMANUEL CHIEF INV. RELATIONS OFFICER 163021 0 34500 0 60 0 17967 0 27073 0 242621 0 7086 0 CHERYL WRIGHT DIR., INVESTMENT COMPLIANCE 128130 0 27400 0 138 0 11383 0 12235 0 179286 0 5737 0 JESSICA O'NEILL DIRECTOR, COMMUNICATIONS 113562 0 21700 0 9833 0 10281 0 13948 0 169324 0 4457 0 GENEVIEVE EDENS DIRECTOR, IMPACT & ESG 136148 0 28300 0 54 0 11075 0 9125 0 184702 0 0 0 PAUL O'CONNELL PRESIDENT 109788 0 0 0 138 0 12000 0 29991 0 151917 0 0 0 Marie MILLIGAN DIRECTOR, COMPLIANCE 135000 0 17600 0 60 0 10800 0 806 0 164266 0 0 0 Hasan Andalib ASSO. DIR., ALT. FL INVESTMENT 116750 0 25100 0 54 0 9392 0 8842 0 160138 0 0 0 SCHEDULE J, PART I, LINE 6: WATEREQUITY, INC. Has A deferred compensation PROGRAM CALLED "LEAP" (LINKED EARNINGS AND PERFORMANCE PLAN). LEAP points are awarded at the end of the business year based on employee performance, and typically have an expected value in the range of 4-6% of salary. THE POINTS BEGIN WITH A VALUE OF $1 EACH. THESE POINTS ARE THEN SCORED OVER THE UPCOMING YEAR BASED ON OUR FUND RETURNS, IMPACT, Investor Commitments, AND WATEREQUITY'S PROFITABILITY. THE POINTS ARE PAID OUT 14 MONTHS LATER AND CAN BE WORTH $0-$3 EACH BASED ON PERFORMANCE. POINTS AWARDED IN December 2022 Will be paid out IN APRIL 2024 BASED ON BUSINESS PERFORMANCE DURING 2023. THE POINTS AWARDED IN December 2022 ARE INCLUDED IN column (c) of Part II, Sch J. SCHEDULE J, PART I, LINE 7: Employees are eligible for incentive compensation equal to varying percentages of their base salary based on the level of their position. The President and direct supervisor of the employee have the right to adjust individual employee's incentive compensation based on individual performance and/or key contributions to goal achievements. FORM 990, PART VI, SECTION B, LINE 11B: A DRAFT OF FORM 990 IS PREPARED AND REVIEWED BY AN INDEPENDENT ACCOUNTING FIRM. The draft form 990 is then reviewed by WaterEquity's management and the audit committee of the board. Any edits or modifications are jointly approved with the accounting firm, if necessary. The complete form 990, together with all required schedules is provided to the full board of directors for review prior to filing with the IRS. FORM 990, PART VI, SECTION B, LINE 12C: ANNUAL STATEMENTS: EACH DIRECTOR, PRINCIPAL OFFICER, AND MEMBER OF A GOVERNING BOARD SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON: (A) HAS RECEIVED A COPY OF WATEREQUITY'S CONFLICT OF INTEREST POLICY EXEMPT ORGANIZATION, (B) HAS READ AND UNDERSTANDS THE POLICY, (C) HAS AGREED TO COMPLY WITH THE POLICY, AND (D) UNDERSTANDS THE ORGANIZATION IS CHARITABLE AND, TO MAINTAIN ITS FEDERAL TAX EXEMPTION, MUST ENGAGE PRIMARILY IN ACTIVITIES THAT ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. PERIODIC REVIEWS: TO ENSURE THAT WATEREQUITY OPERATES IN A MANNER CONSISTENT WITH CHARITABLE PURPOSES AND DOESN'T ENGAGE IN ACTIVITIES THAT COULD JEOPARDIZE ITS TAX-EXEMPT STATUS. The COO conducts periodic reviews, in consultation with the board where necessary, that assess: WHETHER ARRANGEMENTS WITHIN THE ORGANIZATION AND ACROSS RELATED ORGANIZATIONS CONFORM TO THE ORGANIZATION'S WRITTEN POLICIES, ARE PROPERLY RECORDED, REFLECT REASONABLE INVESTMENT OR PAYMENTS FOR GOODS AND SERVICES, FURTHER CHARITABLE PURPOSES AND DON'T RESULT IN INUREMENT, IMPERMISSIBLE PRIVATE BENEFIT, OR IN AN EXCESS BENEFIT TRANSACTION. WHEN CONDUCTING THE PERIODIC REVIEWS, THE ORGANIZATION MAY, BUT NEED NOT, USE OUTSIDE ADVISORS. IF OUTSIDE EXPERTS ARE USED, THEIR USE SHALL NOT RELIEVE THE WATEREQUITY BOARD OF DIRECTORS OF ITS RESPONSIBILITY FOR ENSURING PERIODIC REVIEWS ARE CONDUCTED. NOTE: THE 2022 ANNUAL STATEMENTS WERE COLLECTED IN DECEMBER 2022. FORM 990, PART VI, SECTION B, LINE 15A & 15B: THE BOARD REVIEWED AND APPROVED EMPLOYEE COMPENSATION BASED ON THEIR INDUSTRY KNOWLEDGE AND EXPERIENCE. THERE WERE NO OFFICIAL COMPENSATION STUDIES OR TESTS USED TO COMPLETE THAT REVIEW. FORM 990, PART VI, SECTION C, LINE 19: GOVERNING DOCUMENTS, A COMPLIANCE POLICIES AND PROCEDURES MANUAL, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990 PART IX LINE 11G DESCRIPTION:INT'L CONTR.-DUE DILIGENCE TOTAL FEES:789203 FORM 990 PART IX LINE 11G DESCRIPTION:CONSULTING SERVICES TOTAL FEES:126433 FORM 990 PART IX LINE 11G DESCRIPTION:FUND ADMINISTRATOR TOTAL FEES:5000 FORM 990 PART IX LINE 11G DESCRIPTION:PROFESSIONAL FEES TOTAL FEES:711 FORM 990 PART IX LINE 11G DESCRIPTION:OTHER OUTSIDE SERVICES TOTAL FEES:247898 WaterCredit LLC 117 W 20th Street Suite 204 Kansas City MO 64108 465146273 INV. ADVISOR MO 3129091 3125659 WaterEquity WaterCredit GP LLC 117 W 20th Street Suite 204 Kansas City MO 64108 371913641 Gen. Partner MO 0 0 WaterCredit Global Access Fund GP LLC 117 W 20th Street Suite 204 Kansas City MO 64108 920960925 Gen. Partner MO 0 0 WaterCredit Global Access Fund IV GP LLC 117 W 20th Street Suite 204 Kansas City MO 64108 881131562 Gen. Partner MO 0 0 WaterCredit Global Access Fund IV LP 117 W 20th Street Suite 204 Kansas City MO 64108 881215908 GEN. PARTNER MO 0 0 GAFIV GP LLC WaterCredit Investment Fund 3 LP 117 W 20th St Kansas City MO 64108 475166202 Investment Fund DE WaterCredit LLC Related 35837 1082844 false true 0.01794 GLOBAL ACCESS OFFSHORE FUND LP 117 WEST 20TH STREET SUITE 204 KANSAS CITY MO 64108 872956614 Investment Fund CJ WATERCREDIT LLC RELATED 487178 13026790 false true 0.11211 GLOBAL ACCESS FUND LP 117 W 20th Street Suite 204 Kansas City MO 64108 844511054 Investment Fund DE WaterCredit LLc Related 0 0 false true 0.00000 false true false true false true false false false false false true false true true true true false false Global Access Fund LP B 1891447 FMV WaterCredit Investment Fund 3 LP D 5141965 FMV Global Access Fund LP p 64724 FMV WaterCredit Investment Fund 3 LP P 77707 FMV Global Access Fund LP Q 94046 FMV FORM 990, SCHEDULE R, PART I, LINE 1: WATERCREDIT, LLC (A DISREGARDED ENTITY) CHANGED ITS NAME TO WATEREQUITY LLC EFFECTIVE SEPTEMBER 1, 2023.