2024-11-14T16:40:14-06:00 2023-12-31 812950760 SAX LLP 1040 AVENUE OF THE AMERICAS 16TH FL NEW YORK NY 10018 990 2023-01-01 453236734 WATSI INC WATS 2567928747 548 MARKET STREET 75903 SAN FRANCISCO CA 94104 MACKINNON ENGEN EXECUTIVE DIRECTOR 2567928747 2024-11-14 1 0 MIKE SCHALL P02024184 2122682804 2024-11-14 2023 2024-10-15 13:58:12Z MACKINNON ENGEN 548 MARKET STREET 75903 SAN FRANCISCO CA 94104 2319645 0 X WWW.WATSI.ORG X 2011 CA WATSI, INC. IS A SAN FRANCISCO-BASED 501(C(3) NON-PROFIT ORGANIZATION THAT BUILDS TECHNOLOGY TO FINANCE HEALTHCARE FOR PATIENTS AROUND THE WORLD. CROWDFUNDING FOR HEALTHCARE IS DELIVERED TO PATIENTS THROUGH GLOBAL MEDICAL PARTNERS. 5 5 6 5 0 0 1588745 2229058 0 0 0 6892 0 0 1588745 2235950 1230730 1158206 0 0 398650 585075 0 0 141166 132897 180364 1762277 1923645 -173532 312305 2178054 2388424 129768 27833 2048286 2360591 X WATSI, INC. IS A SAN FRANCISCO-BASED NON-PROFIT ORGANIZATION THAT DIRECTLY CONNECTS PEOPLE THROUGH TECHNOLOGY TO FUND LIFE-CHANGING HEALTHCARE FOR PATIENTS AROUND THE WORLD. SINCE LAUNCHING IN 2012, THE ORGANIZATION HAS HELPED MORE THAN 25,000 PATIENTS ACROSS 29 COUNTRIES. WATSI, INC.'S INNOVATIVE APPROACH HAS BEEN FEATURED BY THE BBC, THE NEW YORK TIMES, NPR, CNN, THE WALL STREET JOURNAL, AND FAST COMPANY. 0 0 1658935 1158206 IN 2023, WE UNLOCKED NEW OPPORTUNITIES FOR OUR PATIENTS AS WE WORKED TOGETHER TO BUILD A HEALTHIER FUTURE FOR ALL. WATSI HELPED PATIENTS ACCESS LIFE-CHANGING MEDICAL TREATMENT FOR MORE THAN 100 HIGH-IMPACT, LOW-COST CONDITIONS, REACHING FARTHER INTO LAST-MILE COMMUNITIES TO SERVE REFUGEES AND PEOPLE IMPACTED BY CRISIS, CONFLICT, AND CHANGING CLIMATE. THIS YEAR, WE GREW OUR REACH TO HELP PATIENTS FROM BURKINA FASO, MOZAMBIQUE, RWANDA, AND SUDAN FOR THE FIRST TIME. AGAIN THIS YEAR, WATSI RECEIVED THE HIGHEST RATINGS AWARDED BY TRUSTED REVIEWERS FOR ACCOUNTABILITY AND TRANSPARENCY. 1658935 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 6 0 1 6 1 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA IL FL WI X X KEENYN MCFARLANE 2567928747 548 MARKET STREET 75903 SAN FRANCISCO CA 94104 MARGARET CORNELIUS CHAIR 1.00 X X 0 0 0 CHASE ADAM DIRECTOR 1.00 X 0 0 0 GRACE GAREY DIRECTOR 1.00 X 0 0 0 RAJ MALIK DIRECTOR 1.00 X 0 0 0 PAUL HUDNUT DIRECTOR 1.00 X 0 0 0 DR MAHLET KIFLE HABTEMARIAM DIRECTOR 1.00 X 0 0 0 MACKINNON ENGEN EXECUTIVE DIRECTOR 40.00 X 144748 0 64358 KEENYN MCFARLANE CFO 20.00 X 54630 0 49729 G LINK SR. ENGINEER 40.00 X 105792 0 20857 305170 0 134944 2 0 1 0 0 125084 2103974 19985 2229058 10587 10587 80000 83695 -3695 -3695 -3695 2235950 -3695 0 10587 1158206 1158206 288734 191018 39969 57747 217343 125689 38318 53336 16841 10571 2503 3767 30760 20251 1513 8996 31397 19707 4667 7023 97835 76485 19871 1479 1366 1366 12891 8212 1931 2748 14590 11108 3482 14924 3064 6975 4885 1519 953 226 340 3780 2373 562 845 BANK AND PAYMENT PROCES 33459 31298 2161 1923645 1658935 123544 141166 2034754 2103306 71043 8846 20620 223709 5383 9141 9428 6967 3491 2461 4559 2757 38204 38204 2178054 2388424 4684 27833 125084 129768 27833 X 1173203 1275674 875083 1084917 2048286 2360591 2178054 2388424 312305 0 X 0 1 X 1 0 X 2389610 1400769 1638629 1588745 2229058 9246811 2389610 1400769 1638629 1588745 2229058 9246811 829408 8417403 5 10587 10592 9257403 78740 0.90930 0.91890 X PART II LINE 5, COLUMN (A) & COLUMN (B) DURING PREPARATION OF THE 2023 FORM 990, IT WAS DETERMINED THAT CERTAIN ORGANIZATIONS WERE INCORRECTLY INCLUDED AS EXCESS CONTRIBUTORS FOR THE 2019 AND 2020 TAX YEARS. THE CALCULATION WAS CORRECTED AND THE RESULTING PUBLIC SUPPORT PERCENTAGE WAS ADJUSTED FOR THE 2022 TAX YEAR FROM 53.62% TO 91.89%. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5362 2901 2461 4066 4066 0 2461 X 2253929 17979 17979 2235950 0 2235950 1941624 17979 17979 1923645 0 1923645 PART X, LINE 2: THE ORGANIZATION DOES NOT BELIEVE ITS FINANCIAL STATEMENTS INCLUDE ANY MATERIAL, UNCERTAIN TAX POSITIONS. TAX FILINGS FOR PERIODS ENDING DECEMBER 31, 2020 AND LATER ARE SUBJECT TO EXAMINATION BY APPLICABLE TAXING AUTHORITIES. 0 ASIA MEDICAL TREATMENT TO PATIENTS 512145 AFRICA MEDICAL TREATMENT TO PATIENTS 501954 AMERICAS MEDICAL TREATMENT TO PATIENTS 144107 0 0 0 0 0 0 1158206 0 1158206 MEDICAL TREATMENT TO PATIENTS ASIA 512145 STRIPE MEDICAL TREATMENT TO PATIENTS AFRICA 501954 STRIPE MEDICAL TREATMENT TO PATIENTS AMERICAS 144107 STRIPE 0 0 0 0 0 0 PART I, LINE 2: WATSI FINANCES HEALTHCARE FOR PATIENTS AROUND THE WORLD. CROWDFUNDING FOR HEALTHCARE IS DELIVERED TO PATIENTS THROUGH GLOBAL MEDICAL PARTNERS. X X 0 0 0 0 0 0 0 0 0 MACKINNON ENGEN EXECUTIVE DIRECTOR 144748 0 0 0 0 0 22500 0 41858 0 209106 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B A DRAFT FORM 990 IS REVIEWED BY FINANCE COMMITTEE AND EMAILED TO BOARD FOR APPROVAL IN ADVANCE OF SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS COMMUNICATED TO THE DIRECTORS AND OFFICERS ON A REGULAR BASIS. DIRECTORS RESPOND IF THERE HAS BEEN A CHANGE CAUSING A CONFLICT TO ARISE. DIRECTORS ALSO DISCLOSE WHETHER OR NOT THEY HAVE ANY POSSIBLE CONFLICTS ANNUALLY DURING A BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD APPROVES SALARY OF THE CFO AS PART OF THE BUDGET AND MAKES A JUDGMENT BASED ON FAIR MARKET COMPENSATION. WATSI PARTICIPATES IN A PERIODIC COLLECTIVE OF TECH-NONPROFITS TO CARRYOUT A SALARY LANDSCAPE REVIEW. THE RESULTS ARE USED TO STRUCTURE WATSI'S EXECUTIVE COMPENSATION AS WELL AS ACROSS ALL LEVELS OF THE ORGANIZATION. THE BOARD APPROVES SALARY OF THE EXECUTIVE DIRECTOR AS PART OF THE BUDGET AND MAKES A JUDGMENT BASED ON FAIR MARKET COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE AVAILABLE ON OUR WEBSITE AND ALL OTHER DOCUMENTS ARE MADE AVAILABLE UPON REQUEST.