WATEREQUITY INC: Form 990, tax year 2024

View the entire original 990 at ProPublica ↗

Organization: WATEREQUITY INC (EIN 81-4109426)
Tax period: 2024-01-01 to 2024-12-31
Filed: 2025-11-17
IRS object ID: 202503219349318130
Schema version: 2024v5.1
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule A
Schedule B
Schedule D
Schedule F
Schedule J
Schedule O
Schedule R

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2025-11-17T15:16:43+00:00	ReturnTs
Tax Period End	2024-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	135381590	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	BDO USA	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	200 PARK AVE 38TH FLOOR	AddressLine1Txt
City	NEW YORK	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	10166	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2024-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	814109426	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	WATEREQUITY INC	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	WATE	BusinessNameControlTxt
Phone	8162891803	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	117 W 20TH STREET 204	AddressLine1Txt
City	KANSAS CITY	CityNm
State Abbreviation	MO	StateAbbreviationCd
ZIP	64108	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	PAUL O'CONNELL	PersonNm
Person Title	PRESIDENT	PersonTitleTxt
Signature	2025-11-17	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	PAUL HAMMERSCHMIDT	PreparerPersonNm
PTIN	P01384178	PTIN
Phone	2128858000	PhoneNum
Preparation	2025-11-17	PreparationDt

Field	Value	IRS element (for citing)
Tax	2024	TaxYr
Build TS	2025-03-06 01:10:19Z	BuildTS

Form 990 IRS990

Principal Ofcr Business Name PrincipalOfcrBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	GARY WHITE	BusinessNameLine1Txt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	117 W 20TH STREET 204	AddressLine1Txt
City	KANSAS CITY	CityNm
State Abbreviation	MO	StateAbbreviationCd
ZIP	64108	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$8,638,746	GrossReceiptsAmt
Group Return For Affiliates	false	GroupReturnForAffiliatesInd
Organization501c3	Yes (X)	Organization501c3Ind
Website Address	WWW.WATEREQUITY.COM	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	2016	FormationYr
Legal Domicile State	MO	LegalDomicileStateCd
Activity Or Mission	TO FOSTER AN ENDURING INVESTMENT CAPITAL MARKET THAT ACCELERATES UNIVERSAL ACCESS TO SAFE WATER AND SANITATION IN LOW- AND MIDDLE-INCOME COUNTRIES.	ActivityOrMissionDesc
Voting Members Governing Body	6	VotingMembersGoverningBodyCnt
Voting Members Independent	6	VotingMembersIndependentCnt
Total Employee	22	TotalEmployeeCnt
Total Volunteers	6	TotalVolunteersCnt
Total Gross UBI	$0	TotalGrossUBIAmt
PY Contributions Grants	$2,101,000	PYContributionsGrantsAmt
CY Contributions Grants	$1,500,000	CYContributionsGrantsAmt
PY Program Service Revenue	$3,980,343	PYProgramServiceRevenueAmt
CY Program Service Revenue	$5,626,656	CYProgramServiceRevenueAmt
PY Investment Income	$874,489	PYInvestmentIncomeAmt
CY Investment Income	$1,021,026	CYInvestmentIncomeAmt
PY Other Revenue	$154,729	PYOtherRevenueAmt
CY Other Revenue	$491,064	CYOtherRevenueAmt
PY Total Revenue	$7,110,561	PYTotalRevenueAmt
CY Total Revenue	$8,638,746	CYTotalRevenueAmt
PY Grants And Similar Paid	$0	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$0	CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$3,750,661	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$4,611,971	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$292,481	CYTotalFundraisingExpenseAmt
PY Other Expenses	$3,340,666	PYOtherExpensesAmt
CY Other Expenses	$3,721,142	CYOtherExpensesAmt
PY Total Expenses	$7,091,327	PYTotalExpensesAmt
CY Total Expenses	$8,333,113	CYTotalExpensesAmt
PY Revenues Less Expenses	$19,234	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$305,633	CYRevenuesLessExpensesAmt
Total Assets BOY	$23,760,946	TotalAssetsBOYAmt
Total Assets EOY	$23,766,958	TotalAssetsEOYAmt
Total Liabilities BOY	$3,859,658	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$3,731,361	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$19,901,288	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$20,035,597	NetAssetsOrFundBalancesEOYAmt
Mission	TO FOSTER AN ENDURING INVESTMENT CAPITAL MARKET THAT ACCELERATES UNIVERSAL ACCESS TO SAFE WATER AND SANITATION IN LOW- AND MIDDLE-INCOME COUNTRIES.	MissionDesc
Significant New Program Srvc	false	SignificantNewProgramSrvcInd
Significant Change	false	SignificantChangeInd
Expense	$7,584,048	ExpenseAmt
Grant	$0	GrantAmt
Revenue	$5,626,656	RevenueAmt
Desc	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. AS OF DECEMBER 31, 2024, WATEREQUITY REACHED 6.9 MILLION PEOPLE WITH ACCESS TO SAFE WATER AND/OR SANITATION. ACROSS FUNDS, WE HAVE DEPLOYED MORE THAN $439 MILLION DOLLARS TOWARD SOLVING SUSTAINABLE DEVELOPMENT GOAL 6, AND THE FUNDS' INVESTEES HAVE DISBURSED MORE THAN 1.3 MILLION WATER AND SANITATION MICROLOANS. IN LINE WITH OUR MISSION, OUR INVESTMENTS CONTINUE TO IMPACT MOSTLY WOMEN AND LOW-INCOME CLIENTS.	Desc
Total Program Service Expenses	$7,584,048	TotalProgramServiceExpensesAmt
Described In Section501c3	Yes (true)	DescribedInSection501c3Ind
Schedule B Required	Yes (true)	ScheduleBRequiredInd
Political Campaign Acty	false	PoliticalCampaignActyInd
Lobbying Activities	false	LobbyingActivitiesInd
Subject To Proxy Tax	false	SubjectToProxyTaxInd
Donor Advised Fund	false	DonorAdvisedFundInd
Conservation Easements	false	ConservationEasementsInd
Collections Of Art	false	CollectionsOfArtInd
Credit Counseling	false	CreditCounselingInd
Donor Rstr Or Quasi Endowments	false	DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment	false	ReportLandBuildingEquipmentInd
Report Investments Other Sec	false	ReportInvestmentsOtherSecInd
Report Program Related Invst	Yes (true)	ReportProgramRelatedInvstInd
Report Other Assets	Yes (true)	ReportOtherAssetsInd
Report Other Liabilities	false	ReportOtherLiabilitiesInd
Include FIN48 Footnote	false	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	false	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	false	ConsolidatedAuditFinclStmtInd
School Operating	false	SchoolOperatingInd
Foreign Office	Yes (true)	ForeignOfficeInd
Foreign Activities	Yes (true)	ForeignActivitiesInd
More Than5000 K To Org	false	MoreThan5000KToOrgInd
More Than5000 K To Individuals	false	MoreThan5000KToIndividualsInd
Professional Fundraising	false	ProfessionalFundraisingInd
Fundraising Activities	false	FundraisingActivitiesInd
Gaming Activities	false	GamingActivitiesInd
Operate Hospital	false	OperateHospitalInd
Grants To Organizations	false	GrantsToOrganizationsInd
Grants To Individuals	false	GrantsToIndividualsInd
Schedule J Required	Yes (true)	ScheduleJRequiredInd
Tax Exempt Bonds	false	TaxExemptBondsInd
Escrow Account	false	EscrowAccountInd
On Behalf Of Issuer	false	OnBehalfOfIssuerInd
Engaged In Excess Benefit Trans	false	EngagedInExcessBenefitTransInd
PY Excess Benefit Trans	false	PYExcessBenefitTransInd
Loan Outstanding	false	LoanOutstandingInd
Grant To Related Person	false	GrantToRelatedPersonInd
Business Rln With Org Mem	false	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	false	BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent	false	BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri	false	DeductibleNonCashContriInd
Deductible Art Contribution	false	DeductibleArtContributionInd
Terminate Operations	false	TerminateOperationsInd
Partial Liquidation	false	PartialLiquidationInd
Disregarded Entity	Yes (true)	DisregardedEntityInd
Related Entity	Yes (true)	RelatedEntityInd
Related Organization Ctrl Ent	Yes (true)	RelatedOrganizationCtrlEntInd
Transaction With Control Ent	Yes (true)	TransactionWithControlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org	false	TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp	false	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (true)	ScheduleORequiredInd
Info In Schedule O Part V	Yes (X)	InfoInScheduleOPartVInd
IRP Document	14	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (true)	BackupWthldComplianceInd
Employee	22	EmployeeCnt
Employment Tax Returns Filed	Yes (true)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	false	UnrelatedBusIncmOverLimitInd
Foreign Financial Account	Yes (true)	ForeignFinancialAccountInd
Foreign Country	IN	ForeignCountryCd
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTransInd
Taxable Party Notification	false	TaxablePartyNotificationInd
Nondeductible Contributions	false	NondeductibleContributionsInd
Quid Pro Quo Contributions	false	QuidProQuoContributionsInd
Form8282 Property Disposed Of	false	Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	false	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	false	PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services	false	IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt	false	SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc	false	SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	6	GoverningBodyVotingMembersCnt
Independent Voting Member	6	IndependentVotingMemberCnt
Family Or Business Rln	false	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	false	DelegationOfMgmtDutiesInd
Change To Org Documents	false	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	false	MaterialDiversionOrMisuseInd
Members Or Stockholders	false	MembersOrStockholdersInd
Election Of Board Members	false	ElectionOfBoardMembersInd
Decisions Subject To Approva	false	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (true)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (true)	MinutesOfCommitteesInd
Officer Mailing Address	false	OfficerMailingAddressInd
Local Chapters	false	LocalChaptersInd
Policies Reference Chapters	false	PoliciesReferenceChaptersInd
Form990 Provided To Gvrn Body	Yes (true)	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (true)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (true)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (true)	RegularMonitoringEnfrcInd
Whistleblower Policy	Yes (true)	WhistleblowerPolicyInd
Document Retention Policy	Yes (true)	DocumentRetentionPolicyInd
Compensation Process CEO	false	CompensationProcessCEOInd
Compensation Process Other	false	CompensationProcessOtherInd
Investment In Joint Venture	false	InvestmentInJointVentureInd
Written Policy Or Procedure	false	WrittenPolicyOrProcedureInd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	PAUL COHOON	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	8162891803	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	117 W 20TH STREET SUITE 204	AddressLine1Txt
City	KANSAS CITY	CityNm
State Abbreviation	MO	StateAbbreviationCd
ZIP	64108	ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (17 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	OfficerOfficerInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	Key EmployeeKeyEmployeeInd	Highest Compensated EmployeeHighestCompensatedEmployeeInd
AMY BELL
TREASURER	1.0	1.0	Yes (X)	Yes (X)	$0	$0	$0
GARY WHITE
CHAIRMAN	10.0	10.0	Yes (X)	Yes (X)	$0	$0	$0
GLENN ROCKMAN
VICE CHAIR & SECRETARY	1.0	1.0	Yes (X)	Yes (X)	$0	$0	$0
MARGRET TRILLI
DIRECTOR	1.0	1.0	Yes (X)		$0	$0	$0
TERRY TRAYVICK
DIRECTOR	1.0	1.0	Yes (X)		$0	$0	$0
VICKIE BOYNE
DIRECTOR	1.0	1.0	Yes (X)		$0	$0	$0
CATHERINE COLYER
CHIEF OPERATIONS OFFICER	35.0	15.0		Yes (X)	$349,586	$0	$68,861
ELAN EMANUEL
CHIEF INVESTOR RELATIONS OFFICER	40.0	10.0		Yes (X)	$307,248	$0	$64,547
JOHN MOYER
CHIEF INVESTMENT OFFICER (THRU 04/24)/BUSINESS ADVISOR	25.0	25.0		Yes (X)	$393,301	$0	$10,163
PAUL COHOON
DIRECTOR OF ACCOUNTING	35.0	15.0		Yes (X)	$179,865	$0	$23,253
PAUL O'CONNELL
PRESIDENT AND CEO	35.0	15.0		Yes (X)	$154,058	$0	$42,792
MARIE MILLIGAN
CHIEF COMPLIANCE OFFICER	40.0	10.0			$179,091	$0	$14,289	Yes (X)
CHERYL WRIGHT
SENIOR DIRECTOR OF LEGAL & COMPLIANCE	15.0	35.0			$196,525	$0	$29,460		Yes (X)
EMMA ALLER
DIRECTOR OF RISK AND PORTFOLIO MANAGEMENT	15.0	35.0			$206,835	$0	$30,547		Yes (X)
GENEVIEVE EDENS
SENIOR DIRECTOR OF IMPACT & ESG	15.0	35.0			$228,198	$0	$28,224		Yes (X)
HEMANT SHAH
SENIOR DIRECTOR OF FUND ACCOUNTING	15.0	35.0			$194,514	$0	$14,098		Yes (X)
STEPHEN VALDES-ROBLES
GENERAL COUNSEL	40.0	10.0			$179,383	$0	$15,640		Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$2,568,604	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$341,874	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	17	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	false	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	Yes (true)	TotalCompGreaterThan150KInd
Compensation From Other Srcs	false	CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1Txt	CityContractorAddress/USAddress/CityNm	State AbbreviationContractorAddress/USAddress/StateAbbreviationCd	ZIPContractorAddress/USAddress/ZIPCd	ServicesServicesDesc	CompensationCompensationAmt	Address Line1ContractorAddress/ForeignAddress/AddressLine1Txt	CityContractorAddress/ForeignAddress/CityNm	Province Or StateContractorAddress/ForeignAddress/ProvinceOrStateNm	CountryContractorAddress/ForeignAddress/CountryCd	Foreign PostalContractorAddress/ForeignAddress/ForeignPostalCd
ARNOLD & PORTER KAYE SCHOLER LLP
PO BOX 719451	PHILADELPHIA	PA	19171	LEGAL	$330,066
OUSIA LIMITED
				CONSULTING	$294,185	PEPONI TOWN HOUSES UNIT B1	PEPONI GARDENS	NAIROBI	KE	00100
VELOCITY GLOBAL LLC
1701 PLATTE STREET SUITE 210	DENVER	CO	80202	EMPLOYER OF RECORD	$260,810
ACRE RECRUITMENT INC
60 BROAD STREET	NEW YORK	NY	10004	RECRUITING	$242,812
SINGARA ADVISORY PTE LTD
				CONSULTING	$223,600	16 STIRLING ROAD 02-15	QUEENS		SN	14857

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	13	CntrctRcvdGreaterThan100KCnt
All Other Contributions	$1,500,000	AllOtherContributionsAmt
Total Contributions	$1,500,000	TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

Field	Value	IRS element (for citing)
Desc	MANAGEMENT FEE INCOME	Desc
Business	541618	BusinessCd
Total Revenue Column	$5,626,656	TotalRevenueColumnAmt
Related Or Exempt Func Income	$5,626,656	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$0	ExclusionAmt

Total Oth Program Service Rev TotalOthProgramServiceRevGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$0	TotalRevenueColumnAmt
Related Or Exempt Func Income	$0	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$0	ExclusionAmt

Field	Value	IRS element (for citing)
Total Program Service Revenue	$5,626,656	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$1,021,026	TotalRevenueColumnAmt
Related Or Exempt Func Income	$0	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$1,021,026	ExclusionAmt

Rental Income Or Loss RentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Real	$0	RealAmt
Personal	$0	PersonalAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Securities	$0	SecuritiesAmt
Other	$0	OtherAmt

Other Revenue Misc OtherRevenueMiscGrp

Field	Value	IRS element (for citing)
Desc	REIMBURSEMENTS	Desc
Business	900099	BusinessCd
Total Revenue Column	$491,064	TotalRevenueColumnAmt
Related Or Exempt Func Income	$0	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$491,064	ExclusionAmt

Miscellaneous Revenue MiscellaneousRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$0	TotalRevenueColumnAmt
Related Or Exempt Func Income	$0	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$0	ExclusionAmt

Field	Value	IRS element (for citing)
Other Revenue Total	$491,064	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$8,638,746	TotalRevenueColumnAmt
Related Or Exempt Func Income	$5,626,656	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$1,512,090	ExclusionAmt

Field	Value	IRS element (for citing)
Info In Schedule O Part IX	Yes (X)	InfoInScheduleOPartIXInd

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$1,787,053	TotalAmt
Program Services	$1,653,013	ProgramServicesAmt
Management And General	$39,429	ManagementAndGeneralAmt
Fundraising	$94,611	FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$2,325,027	TotalAmt
Program Services	$2,150,635	ProgramServicesAmt
Management And General	$51,298	ManagementAndGeneralAmt
Fundraising	$123,094	FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$12,790	TotalAmt
Program Services	$11,913	ProgramServicesAmt
Management And General	$221	ManagementAndGeneralAmt
Fundraising	$656	FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$216,833	TotalAmt
Program Services	$194,900	ProgramServicesAmt
Management And General	$6,097	ManagementAndGeneralAmt
Fundraising	$15,836	FundraisingAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$270,268	TotalAmt
Program Services	$244,287	ProgramServicesAmt
Management And General	$11,931	ManagementAndGeneralAmt
Fundraising	$14,050	FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$261,657	TotalAmt
Program Services	$223,165	ProgramServicesAmt
Management And General	$38,492	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$90,934	TotalAmt
Program Services	$44,700	ProgramServicesAmt
Management And General	$46,234	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$2,785,670	TotalAmt
Program Services	$2,758,359	ProgramServicesAmt
Management And General	$27,311	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$32,100	TotalAmt
Program Services	$0	ProgramServicesAmt
Management And General	$5,800	ManagementAndGeneralAmt
Fundraising	$26,300	FundraisingAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$77,251	TotalAmt
Program Services	$72,308	ProgramServicesAmt
Management And General	$4,209	ManagementAndGeneralAmt
Fundraising	$734	FundraisingAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$12,696	TotalAmt
Program Services	$0	ProgramServicesAmt
Management And General	$12,696	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$9,203	TotalAmt
Program Services	$8,025	ProgramServicesAmt
Management And General	$1,178	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$220,087	TotalAmt
Program Services	$175,371	ProgramServicesAmt
Management And General	$27,516	ManagementAndGeneralAmt
Fundraising	$17,200	FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

Field	Value	IRS element (for citing)
Total	$31,344	TotalAmt
Program Services	$31,344	ProgramServicesAmt
Management And General	$0	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$40,393	TotalAmt
Program Services	$0	ProgramServicesAmt
Management And General	$40,393	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Other Expenses OtherExpensesGrp (2 entries)

DescDesc	TotalTotalAmt	Program ServicesProgramServicesAmt	Management And GeneralManagementAndGeneralAmt	FundraisingFundraisingAmt
TEAM EVENTS & HOLIDAYS	$142,998	$549	$142,449	$0
MEMBERSHIP DUES & SUBSCRIPTIONS	$16,809	$15,479	$1,330	$0

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt
Program Services	$0	ProgramServicesAmt
Management And General	$0	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$8,333,113	TotalAmt
Program Services	$7,584,048	ProgramServicesAmt
Management And General	$456,584	ManagementAndGeneralAmt
Fundraising	$292,481	FundraisingAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$12,429,813	BOYAmt
EOY	$12,363,223	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$347,641	BOYAmt
EOY	$336,636	EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$149,298	BOYAmt
EOY	$283,160	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$0	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$0	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

Field	Value	IRS element (for citing)
BOY	$5,506,095	BOYAmt
EOY	$5,197,997	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$5,328,099	BOYAmt
EOY	$5,585,942	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$23,760,946	BOYAmt
EOY	$23,766,958	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$825,226	BOYAmt
EOY	$871,270	EOYAmt

Loans From Officers Directors LoansFromOfficersDirectorsGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

Field	Value	IRS element (for citing)
BOY	$3,034,432	BOYAmt
EOY	$2,860,091	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$3,859,658	BOYAmt
EOY	$3,731,361	EOYAmt

Field	Value	IRS element (for citing)
Organization Follows FASB117	Yes (X)	OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$18,826,288	BOYAmt
EOY	$18,960,597	EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$1,075,000	BOYAmt
EOY	$1,075,000	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$19,901,288	BOYAmt
EOY	$20,035,597	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$23,760,946	BOYAmt
EOY	$23,766,958	EOYAmt

Field	Value	IRS element (for citing)
Reconcilation Revenue Expnss	$305,633	ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst	-$171,324	NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets	$0	OtherChangesInNetAssetsAmt
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	false	AccountantCompileOrReviewInd
FS Audited	false	FSAuditedInd
Federal Grant Audit Required	false	FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
Public Organization170	Yes (X)	PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$10,829,885	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$1,169,928	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$2,123,811	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$2,101,000	CurrentTaxYearMinus1YearAmt
Current Tax Year	$1,500,000	CurrentTaxYearAmt
Total	$17,724,624	TotalAmt

Tax Rev Levied Orgnztnl Bnft170 TaxRevLeviedOrgnztnlBnft170Grp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Govt Furn Srvc Fclts Vl170 GovtFurnSrvcFcltsVl170Grp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$10,829,885	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$1,169,928	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$2,123,811	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$2,101,000	CurrentTaxYearMinus1YearAmt
Current Tax Year	$1,500,000	CurrentTaxYearAmt
Total	$17,724,624	TotalAmt

Field	Value	IRS element (for citing)
Substantial Contributors Tot	$10,589,954	SubstantialContributorsTotAmt
Public Support Total170	$7,134,670	PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$9,042	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$68,799	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$150,332	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$874,489	CurrentTaxYearMinus1YearAmt
Current Tax Year	$1,021,026	CurrentTaxYearAmt
Total	$2,123,688	TotalAmt

Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Other Income170 OtherIncome170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$8,163	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$0	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$72	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$154,729	CurrentTaxYearMinus1YearAmt
Current Tax Year	$491,064	CurrentTaxYearAmt
Total	$654,028	TotalAmt

Field	Value	IRS element (for citing)
Total Support	$20,502,340	TotalSupportAmt
Gross Receipts Rltd Activities	$16,470,347	GrossReceiptsRltdActivitiesAmt
Public Support CY170	0.34799	PublicSupportCY170Pct
Public Support PY170	0.33869	PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170	Yes (X)	ThirtyThrPctSuprtTestsCY170Ind

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

Field	Value	IRS element (for citing)
Form And Line Reference	Schedule A, Part II, Line 10 Other Income	FormAndLineReferenceDesc
Explanation	DESCRIPTION - MISCELLANEOUS, COLUMN A - 8163.0, COLUMN B - 0.0, COLUMN C - 72.0, COLUMN D - 154729.0, COLUMN E - 491064.0, COLUMN F - 654028.0;	ExplanationTxt

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

Field	Value	IRS element (for citing)
Contributor	RESTRICTED	ContributorNum

Contributor Business Name ContributorBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	RESTRICTED	BusinessNameLine1

Contributor US Address ContributorUSAddress

Field	Value	IRS element (for citing)
Address Line1	RESTRICTED	AddressLine1
Address Line2	RESTRICTED	AddressLine2
City	RESTRICTED	City
State	RESTRICTED	State
ZIP Code	RESTRICTED	ZIPCode

Field	Value	IRS element (for citing)
Total Contributions	RESTRICTED	TotalContributionsAmt

Schedule D IRS990ScheduleD

Invst Program Related Org InvstProgramRelatedOrgGrp (4 entries)

DescDesc	Book ValueBookValueAmt	Method ValuationMethodValuationCd
GLOBAL ACCESS OFFSHORE FUND LP	$3,597,258	F
GLOBAL ACCESS FUND IV LP	$1,112,363	F
WATERCREDIT INVESTMENT FUND 3 LP	$478,578	F
WATER & CLIMATE RESILIENCE FUND LP	$9,798	F

Field	Value	IRS element (for citing)
Total Book Value Program Rltd	$5,197,997	TotalBookValueProgramRltdAmt

Other Assets Org OtherAssetsOrgGrp

Field	Value	IRS element (for citing)
Desc	CASH GUARANTEE/COLLATERAL-WCIF3	Desc
Book Value	$5,585,942	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Other Assets	$5,585,942	TotalBookValueOtherAssetsAmt

Schedule F IRS990ScheduleF

Account Activities Outside US AccountActivitiesOutsideUSGrp (8 entries)

RegionRegionTxt	EmployeeEmployeeCnt	Type Of Activities ConductedTypeOfActivitiesConductedTxt	Specific Services ProvidedSpecificServicesProvidedTxt	Region Total ExpendituresRegionTotalExpendituresAmt
South Asia	10	Program Services	CONSULTING	$751,567
Sub-Saharan Africa	7	Program Services	CONSULTING	$596,859
Europe (Including Iceland and Greenland)	10	Program Services	CONSULTING	$470,861
East Asia and the Pacific	8	Program Services	CONSULTING	$462,764
South America	2	Program Services	CONSULTING	$148,174
North America (Canada & Mexico only)	1	Program Services	CONSULTING	$30,000
Central America and the Caribbean	2	Program Services	CONSULTING	$18,439
Russia and Neighboring States	1	Program Services	CONSULTING	$2,700

Field	Value	IRS element (for citing)
Subtotal Offices	0	SubtotalOfficesCnt
Subtotal Employees	41	SubtotalEmployeesCnt
Continuation Total Office	0	ContinuationTotalOfficeCnt
Continuation Total Employee	0	ContinuationTotalEmployeeCnt
Total Office	0	TotalOfficeCnt
Total Employee	41	TotalEmployeeCnt
Subtotal Spent	$2,481,364	SubtotalSpentAmt
Continuation Spent	$0	ContinuationSpentAmt
Total Spent	$2,481,364	TotalSpentAmt
Transfer To Foreign Corp	false	TransferToForeignCorpInd
Interest In Foreign Trust	false	InterestInForeignTrustInd
Foreign Corp Ownership	Yes (true)	ForeignCorpOwnershipInd
Passive Foreign Investmest Co	Yes (true)	PassiveForeignInvestmestCoInd
Foreign Partnership	false	ForeignPartnershipInd
Boycott Countries	false	BoycottCountriesInd

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statements	CENTRAL AMERICA AND THE CARIBBEAN-Accrual; EAST ASIA AND THE PACIFIC-Accrual; EUROPE (INCLUDING ICELAND AND GREENLAND)-Accrual; NORTH AMERICA (CANADA & MEXICO ONLY)-Accrual; RUSSIA AND NEIGHBORING STATES-Accrual; SOUTH AMERICA-Accrual; SOUTH ASIA-Accrual; SUB-SAHARAN AFRICA-Accrual
Schedule F, Part V PART I, LINE 1 - PROCEDURES FOR MONITORING USE OF GRANT FUNDS	THE ORGANIZATION DOES NOT MAKE GRANTS, SO THIS QUESTION DOES NOT APPLY.

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Board Or Committee Approval	Yes (X)	BoardOrCommitteeApprovalInd
Severance Payment	false	SeverancePaymentInd
Supplemental Nonqual Rtr Plan	false	SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm	false	EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org	false	CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs	false	CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org	Yes (true)	CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs	Yes (true)	CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments	Yes (true)	AnyNonFixedPaymentsInd
Initial Contract Exception	false	InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (11 entries)

TitleTitleTxt	Base Compensation Filing OrgBaseCompensationFilingOrgAmt	Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt	Bonus Filing OrganizationBonusFilingOrganizationAmount	Bonus Related OrganizationsBonusRelatedOrganizationsAmt	Other Compensation Filing OrgOtherCompensationFilingOrgAmt	Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt	Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt	Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt	Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt	Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt	Total Compensation Filing OrgTotalCompensationFilingOrgAmt	Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt	Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt	Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
JOHN MOYER
CHIEF INVESTMENT OFFICER (THRU 04/24)/BUSINESS ADVISOR	$293,567	$0	$99,674	$0	$60	$0	$9,243	$0	$920	$0	$403,464	$0	$32,433	$0
CATHERINE COLYER
CHIEF OPERATIONS OFFICER	$280,789	$0	$68,659	$0	$138	$0	$29,340	$0	$39,521	$0	$418,447	$0	$28,617	$0
ELAN EMANUEL
CHIEF INVESTOR RELATIONS OFFICER	$247,336	$0	$59,852	$0	$60	$0	$36,102	$0	$28,445	$0	$371,795	$0	$25,666	$0
PAUL COHOON
DIRECTOR OF ACCOUNTING	$150,981	$0	$28,836	$0	$48	$0	$14,516	$0	$8,737	$0	$203,118	$0	$12,729	$0
PAUL O'CONNELL
PRESIDENT AND CEO	$141,752	$0	$12,168	$0	$138	$0	$20,598	$0	$22,194	$0	$196,850	$0	$0	$0
MARIE MILLIGAN
CHIEF COMPLIANCE OFFICER	$150,775	$0	$28,226	$0	$90	$0	$13,380	$0	$909	$0	$193,380	$0	$14,475	$0
GENEVIEVE EDENS
SENIOR DIRECTOR OF IMPACT & ESG	$194,343	$0	$33,795	$0	$60	$0	$18,749	$0	$9,475	$0	$256,422	$0	$14,310	$0
EMMA ALLER
DIRECTOR OF RISK AND PORTFOLIO MANAGEMENT	$181,875	$0	$24,900	$0	$60	$0	$18,245	$0	$12,302	$0	$237,382	$0	$14,029	$0
CHERYL WRIGHT
SENIOR DIRECTOR OF LEGAL & COMPLIANCE	$166,830	$0	$29,557	$0	$138	$0	$15,703	$0	$13,757	$0	$225,985	$0	$13,336	$0
HEMANT SHAH
SENIOR DIRECTOR OF FUND ACCOUNTING	$178,354	$0	$16,100	$0	$60	$0	$13,178	$0	$920	$0	$208,612	$0	$0	$0
STEPHEN VALDES-ROBLES
GENERAL COUNSEL	$141,808	$0	$37,500	$0	$75	$0	$14,950	$0	$690	$0	$195,023	$0	$0	$0

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc

ExplanationExplanationTxt

Schedule J, Part I, Line 6b Compensation contingent on net earnings of a related organization

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 IN 16 FULL YEAR PLUS 4 MONTHS FROM THE DATE OF ISSUE AND CAN BE WORTH $0-$3 EACH BASED ON PERFORMANCE. POINTS AWARDED IN DECEMBER 2024 WILL BE PAID OUT IN APRIL 2026 BASED ON BUSINESS PERFORMANCE DURING 2025. THE POINTS AWARDED IN DECEMBER 2024 ARE INCLUDED IN COLUMN (C) OF PART II, SCH J.

Schedule J, Part I, Line 7 Non-fixed payments

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.

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
Form 990, Part V, Line 1a	WATEREQUITY LLC (F/K/A WATERCREDIT LLC), A DISREGARDED ENTITY OF THE REPORTING ORGANIZATION, ISSUED 14 FORM 1099 DURING CALENDAR YEAR 2024.
Form 990, Part V, Line 2a	WATEREQUITY LLC (F/K/A WATERCREDIT LLC), A DISREGARDED ENTITY OF THE REPORTING ORGANIZATION, ISSUED 22 FORM W-2 DURING CALENDAR YEAR 2024.
Form 990, Part VI, Line 11b Review of form 990 by governing body	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 PRIOR TO FILING WITH THE IRS.
Form 990, Part VI, Line 12c Conflict of interest policy	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. (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 2024 ANNUAL STATEMENTS WERE COLLECTED IN DECEMBER 2024.
Form 990, Part VI, Line 19 Required documents available to the public	GOVERNING DOCUMENTS, A COMPLIANCE POLICIES AND PROCEDURES MANUAL, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
Form 990, Part VII, Section A, Line 1a ITEM#2	COMPENSATION REPORTED ON PART VII FOR JOHN MOYER IS FOR HIS POSITION AS CHIEF INVESTMENT OFFICER THROUGH APRIL 2024 AND BUSINESS ADVISOR FROM MAY to DECEMBER 2024.
Form 990, Part IX, Line 11g Other Fees	INDEPENDENT CONTRACTOR-DUE DILIGENCE - Total Expense: 2038663, Program Service Expense: 2033785, Management and General Expenses: 4878, Fundraising Expenses: 0; OUTSIDE SERVICES - Total Expense: 363256, Program Service Expense: 340823, Management and General Expenses: 22433, Fundraising Expenses: 0; CONSULTING SERVICES - Total Expense: 286728, Program Service Expense: 286728, Management and General Expenses: 0, Fundraising Expenses: 0; FUND ADMINISTRATOR - Total Expense: 84209, Program Service Expense: 84209, Management and General Expenses: 0, Fundraising Expenses: 0; OTHER PROFESSIONAL FEES - Total Expense: 12814, Program Service Expense: 12814, Management and General Expenses: 0, Fundraising Expenses: 0;
FORM 990, PART VI, LINE 15A AND 15B PROCESS TO ESTABLISH COMPENSATION	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.

Schedule R IRS990ScheduleR

Id Disregarded Entities IdDisregardedEntitiesGrp (5 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	EINEIN	Primary ActivitiesPrimaryActivitiesTxt	Legal Domicile StateLegalDomicileStateCd	Total IncomeTotalIncomeAmt	End Of Year AssetsEndOfYearAssetsAmt	Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt
WATEREQUITY LLC FKA WATERCREDIT LLC
117 W 20TH STREET SUITE 204	KANSAS CITY	MO	64108	465146273	INVESTMENT ADVISOR	MO	$6,770,198	$10,603,575	WATEREQUITY INC
WATERCREDIT GP LLC
117 W 20TH STREET SUITE 204	KANSAS CITY	MO	64108	371913641	GENERAL PARTNER	MO	$0	$0	WATEREQUITY LLC
GLOBAL ACCESS FUND GP LLC
117 W 20TH STREET SUITE 204	KANSAS CITY	MO	64108	920960925	GENERAL PARTNER	MO	$0	$0	WATEREQUITY LLC
GLOBAL ACCESS FUND IV GP LLC
117 W 20th Street Suite 204	Kansas City	MO	64108	881131562	GENERAL PARTNER	MO	$0	$0	WATEREQUITY LLC
WATER & CLIMATE RESILIENCE FUND GP LLC
117 W 20TH STREET SUITE 204	KANSAS CITY	MO	64108	932476338	GENERAL PARTNER	MO	$0	$0	WATEREQUITY LLC

Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp (4 entries)

Address Line1USAddress/AddressLine1Txt	Address Line2USAddress/AddressLine2Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	EINEIN	Primary ActivitiesPrimaryActivitiesTxt	Legal Domicile StateLegalDomicileStateCd	Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt	Predominant Income TypePredominantIncomeTypeTxt	Disproportionate AllocationsDisproportionateAllocationsInd	UBI Code VUBICodeVAmt	General Or Managing PartnerGeneralOrManagingPartnerInd	OwnershipOwnershipPct	Share Of Total IncomeShareOfTotalIncomeAmt	Share Of EOY AssetsShareOfEOYAssetsAmt
WATERCREDIT INVESTMENT FUND 3 LP
117 W 20TH STREET	SUITE 204	KANSAS CITY	MO	64108	475166202	INVESTMENT FUND	DE	WATEREQUITY LLC	Related	false	$0	Yes (true)	0.01794
GLOBAL ACCESS FUND LP
117 W 20TH STREET	SUITE 204	KANSAS CITY	MO	64108	844511054	INVESTMENT FUND	DE	WATEREQUITY LLC	Related	false	$0	Yes (true)	0	$0	$0
GLOBAL ACCESS FUND IV LP
117 W 20TH STREET	SUITE 204	KANSAS CITY	MO	64108	881215908	INVESTMENT FUND	DE	WATEREQUITY LLC	Related	false	$0	Yes (true)	0.02083
WATER & CLIMATE RESILIENCE FUND LP
117 W 20TH STREET	SUITE 204	KANSAS CITY	MO	64108	932458902	INVESTMENT FUND	DE	WATEREQUITY LLC	Related	false	$0	Yes (true)	0.01002

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp

Related Organization Name RelatedOrganizationName

Field	Value	IRS element (for citing)
Business Name Line1	GLOBAL ACCESS OFFSHORE FUND LP	BusinessNameLine1Txt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	117 WEST 20TH STREET	AddressLine1Txt
Address Line2	SUITE 204	AddressLine2Txt
City	KANSAS CITY	CityNm
State Abbreviation	MO	StateAbbreviationCd
ZIP	64108	ZIPCd

Field	Value	IRS element (for citing)
EIN	872956614	EIN
Primary Activities	INVESTMENT FUND	PrimaryActivitiesTxt

Direct Controlling Entity Name DirectControllingEntityName

Field	Value	IRS element (for citing)
Business Name Line1	WATEREQUITY LLC	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Entity Type	C Corporation	EntityTypeTxt
Share Of Total Income	$0	ShareOfTotalIncomeAmt
Share Of EOY Assets	$0	ShareOfEOYAssetsAmt
Ownership	0	OwnershipPct
Controlled Organization	false	ControlledOrganizationInd

Field	Value	IRS element (for citing)
Receipt Of Int Annts Rnts Rylts	false	ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org	Yes (true)	GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org	false	GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org	Yes (true)	LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org	false	LoansOrGuaranteesFromOthOrgInd
Div Related Organization	Yes (true)	DivRelatedOrganizationInd
Asset Sale To Other Org	false	AssetSaleToOtherOrgInd
Asset Purchase From Other Org	false	AssetPurchaseFromOtherOrgInd
Asset Exchange	false	AssetExchangeInd
Rental Of Facilities To Oth Org	false	RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org	false	RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org	Yes (true)	PerformOfServicesForOthOrgInd
Perform Of Services By Other Org	false	PerformOfServicesByOtherOrgInd
Sharing Of Facilities	Yes (true)	SharingOfFacilitiesInd
Paid Employees Sharing	Yes (true)	PaidEmployeesSharingInd
Reimbursement Paid To Other Org	false	ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org	Yes (true)	ReimbursementPaidByOtherOrgInd
Transfer To Other Org	false	TransferToOtherOrgInd
Transfer From Other Org	false	TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (3 entries)

Transaction TypeTransactionTypeTxt	InvolvedInvolvedAmt	Method Of Amount DeterminationMethodOfAmountDeterminationTxt
WATERCREDIT INVESTMENT FUND 3 LP
D	$5,576,239	FMV
WATER & CLIMATE RESILIENCE FUND LP
Q	$160,828	FMV
GLOBAL ACCESS OFFSHORE FUND LP
F	$140,713	FMV

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
Schedule R, Part I	WATER & CLIMATE RESILIENCE FUND LP (93-2458902) LAUNCHED AND IS NO LONGER A DRE.
Schedule R, Part IV	GLOBAL ACCESS OFFSHORE FUND LP (87-2956614) IS NO LONGER A PARTNERSHIP, IT BECAME A CORPORATION EFFECTIVE JANUARY 1, 2024.