2025-11-17T15:16:43+00:00 2024-12-31 135381590 BDO USA 200 PARK AVE 38TH FLOOR NEW YORK NY 10166 990 2024-01-01 814109426 WATEREQUITY INC WATE 8162891803 117 W 20TH STREET 204 KANSAS CITY MO 64108 PAUL O'CONNELL PRESIDENT 2025-11-17 true PAUL HAMMERSCHMIDT P01384178 2128858000 2025-11-17 2024 2025-03-06 01:10:19Z GARY WHITE 117 W 20TH STREET 204 KANSAS CITY MO 64108 8638746 false X WWW.WATEREQUITY.COM 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. 6 6 22 6 0 2101000 1500000 3980343 5626656 874489 1021026 154729 491064 7110561 8638746 0 0 0 3750661 4611971 0 0 292481 3340666 3721142 7091327 8333113 19234 305633 23760946 23766958 3859658 3731361 19901288 20035597 TO FOSTER AN ENDURING INVESTMENT CAPITAL MARKET THAT ACCELERATES UNIVERSAL ACCESS TO SAFE WATER AND SANITATION IN LOW- AND MIDDLE-INCOME COUNTRIES. false false 7584048 0 5626656 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. 7584048 true true false false false false false false false false false false true true false false false false false true true false false false false false false false false true false false false false false false false false false false false false false false true true true true false false true X 14 0 true 22 true false true IN false false false false false false false false false false X 6 6 false false false false false false false true true false false false true true true true true true false false false false X PAUL COHOON 8162891803 117 W 20TH STREET SUITE 204 KANSAS CITY MO 64108 AMY BELL TREASURER 1.0 1.0 X X 0 0 0 GARY WHITE CHAIRMAN 10.0 10.0 X X 0 0 0 GLENN ROCKMAN VICE CHAIR & SECRETARY 1.0 1.0 X X 0 0 0 MARGRET TRILLI DIRECTOR 1.0 1.0 X 0 0 0 TERRY TRAYVICK DIRECTOR 1.0 1.0 X 0 0 0 VICKIE BOYNE DIRECTOR 1.0 1.0 X 0 0 0 CATHERINE COLYER CHIEF OPERATIONS OFFICER 35.0 15.0 X 349586 0 68861 ELAN EMANUEL CHIEF INVESTOR RELATIONS OFFICER 40.0 10.0 X 307248 0 64547 JOHN MOYER CHIEF INVESTMENT OFFICER (THRU 04/24)/BUSINESS ADVISOR 25.0 25.0 X 393301 0 10163 PAUL COHOON DIRECTOR OF ACCOUNTING 35.0 15.0 X 179865 0 23253 PAUL O'CONNELL PRESIDENT AND CEO 35.0 15.0 X 154058 0 42792 MARIE MILLIGAN CHIEF COMPLIANCE OFFICER 40.0 10.0 X 179091 0 14289 CHERYL WRIGHT SENIOR DIRECTOR OF LEGAL & COMPLIANCE 15.0 35.0 X 196525 0 29460 EMMA ALLER DIRECTOR OF RISK AND PORTFOLIO MANAGEMENT 15.0 35.0 X 206835 0 30547 GENEVIEVE EDENS SENIOR DIRECTOR OF IMPACT & ESG 15.0 35.0 X 228198 0 28224 HEMANT SHAH SENIOR DIRECTOR OF FUND ACCOUNTING 15.0 35.0 X 194514 0 14098 STEPHEN VALDES-ROBLES GENERAL COUNSEL 40.0 10.0 X 179383 0 15640 2568604 0 341874 17 false true false ARNOLD & PORTER KAYE SCHOLER LLP PO BOX 719451 PHILADELPHIA PA 19171 LEGAL 330066 OUSIA LIMITED PEPONI TOWN HOUSES UNIT B1 PEPONI GARDENS NAIROBI KE 00100 CONSULTING 294185 VELOCITY GLOBAL LLC 1701 PLATTE STREET SUITE 210 DENVER CO 80202 EMPLOYER OF RECORD 260810 ACRE RECRUITMENT INC 60 BROAD STREET NEW YORK NY 10004 RECRUITING 242812 SINGARA ADVISORY PTE LTD 16 STIRLING ROAD 02-15 QUEENS SN 14857 CONSULTING 223600 13 1500000 1500000 MANAGEMENT FEE INCOME 541618 5626656 5626656 0 0 0 0 0 0 5626656 1021026 0 0 1021026 0 0 0 0 REIMBURSEMENTS 900099 491064 0 0 491064 0 0 0 0 491064 8638746 5626656 0 1512090 X 1787053 1653013 39429 94611 2325027 2150635 51298 123094 12790 11913 221 656 216833 194900 6097 15836 270268 244287 11931 14050 261657 223165 38492 0 90934 44700 46234 0 2785670 2758359 27311 0 32100 0 5800 26300 77251 72308 4209 734 12696 0 12696 0 9203 8025 1178 0 220087 175371 27516 17200 31344 31344 0 0 40393 0 40393 0 TEAM EVENTS & HOLIDAYS 142998 549 142449 0 MEMBERSHIP DUES & SUBSCRIPTIONS 16809 15479 1330 0 0 0 0 0 8333113 7584048 456584 292481 12429813 12363223 347641 336636 0 0 0 0 149298 283160 0 0 0 0 0 5506095 5197997 5328099 5585942 23760946 23766958 825226 871270 0 0 3034432 2860091 0 0 3859658 3731361 X 18826288 18960597 1075000 1075000 19901288 20035597 23760946 23766958 305633 -171324 0 X false false false X 10829885 1169928 2123811 2101000 1500000 17724624 0 0 10829885 1169928 2123811 2101000 1500000 17724624 10589954 7134670 9042 68799 150332 874489 1021026 2123688 0 8163 0 72 154729 491064 654028 20502340 16470347 0.34799 0.33869 X Schedule A, Part II, Line 10 Other Income 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; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED GLOBAL ACCESS OFFSHORE FUND LP 3597258 F GLOBAL ACCESS FUND IV LP 1112363 F WATERCREDIT INVESTMENT FUND 3 LP 478578 F WATER & CLIMATE RESILIENCE FUND LP 9798 F 5197997 CASH GUARANTEE/COLLATERAL-WCIF3 5585942 5585942 South Asia 0 10 Program Services CONSULTING 751567 Sub-Saharan Africa 0 7 Program Services CONSULTING 596859 Europe (Including Iceland and Greenland) 0 10 Program Services CONSULTING 470861 East Asia and the Pacific 0 8 Program Services CONSULTING 462764 South America 0 2 Program Services CONSULTING 148174 North America (Canada & Mexico only) 0 1 Program Services CONSULTING 30000 Central America and the Caribbean 0 2 Program Services CONSULTING 18439 Russia and Neighboring States 0 1 Program Services CONSULTING 2700 0 41 0 0 0 41 2481364 0 2481364 false false true true false false 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. X false false false false false true true true false JOHN MOYER CHIEF INVESTMENT OFFICER (THRU 04/24)/BUSINESS ADVISOR 293567 0 99674 0 60 0 9243 0 920 0 403464 0 32433 0 CATHERINE COLYER CHIEF OPERATIONS OFFICER 280789 0 68659 0 138 0 29340 0 39521 0 418447 0 28617 0 ELAN EMANUEL CHIEF INVESTOR RELATIONS OFFICER 247336 0 59852 0 60 0 36102 0 28445 0 371795 0 25666 0 PAUL COHOON DIRECTOR OF ACCOUNTING 150981 0 28836 0 48 0 14516 0 8737 0 203118 0 12729 0 PAUL O'CONNELL PRESIDENT AND CEO 141752 0 12168 0 138 0 20598 0 22194 0 196850 0 0 0 MARIE MILLIGAN CHIEF COMPLIANCE OFFICER 150775 0 28226 0 90 0 13380 0 909 0 193380 0 14475 0 GENEVIEVE EDENS SENIOR DIRECTOR OF IMPACT & ESG 194343 0 33795 0 60 0 18749 0 9475 0 256422 0 14310 0 EMMA ALLER DIRECTOR OF RISK AND PORTFOLIO MANAGEMENT 181875 0 24900 0 60 0 18245 0 12302 0 237382 0 14029 0 CHERYL WRIGHT SENIOR DIRECTOR OF LEGAL & COMPLIANCE 166830 0 29557 0 138 0 15703 0 13757 0 225985 0 13336 0 HEMANT SHAH SENIOR DIRECTOR OF FUND ACCOUNTING 178354 0 16100 0 60 0 13178 0 920 0 208612 0 0 0 STEPHEN VALDES-ROBLES GENERAL COUNSEL 141808 0 37500 0 75 0 14950 0 690 0 195023 0 0 0 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. 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. WATEREQUITY LLC FKA WATERCREDIT LLC 117 W 20TH STREET SUITE 204 KANSAS CITY MO 64108 465146273 INVESTMENT ADVISOR MO 6770198 10603575 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 WATERCREDIT INVESTMENT FUND 3 LP 117 W 20TH STREET SUITE 204 KANSAS CITY MO 64108 475166202 INVESTMENT FUND DE WATEREQUITY LLC Related false 0 true 0.01794 GLOBAL ACCESS FUND LP 117 W 20TH STREET SUITE 204 KANSAS CITY MO 64108 844511054 INVESTMENT FUND DE WATEREQUITY LLC Related 0 0 false 0 true 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 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 true 0.01002 GLOBAL ACCESS OFFSHORE FUND LP 117 WEST 20TH STREET SUITE 204 KANSAS CITY MO 64108 872956614 INVESTMENT FUND WATEREQUITY LLC C Corporation 0 0 0 false false true false true false true false false false false false true false true true false true false false WATERCREDIT INVESTMENT FUND 3 LP D 5576239 FMV WATER & CLIMATE RESILIENCE FUND LP Q 160828 FMV GLOBAL ACCESS OFFSHORE FUND LP F 140713 FMV 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.