2024-11-15T16:18:57-06:00 2023-12-31 621199757 LBMC PC 325 WEST MAIN STREET STE 1600 LOUISVILLE KY 40202 990 2023-01-01 611262016 WATERSTEP INC WATE 5025686342 625 MYRTLE STREET LOUISVILLE KY 40208 MARK HOGG CHIEF EXECUTIVE OFFICER 5025686342 2024-11-15 1 1 MEAGHAN REYNOLDS P01336301 5025851600 2023 2024-10-15 13:58:12Z X MARK HOGG 625 MYRTLE STREET LOUISVILLE KY 40208 2941301 0 X WWW.WATERSTEP.ORG X 1994 KY WATERSTEP EMPOWERS INDIVIDUALS AND COMMUNITIES TO MEET THEIR OWN WATER NEEDS. 16 16 15 2000 0 0 1261277 2470238 0 0 -7518 13102 298771 288233 1552530 2771573 0 0 0 0 700155 915034 0 0 180215 846687 1016029 1546842 1931063 5688 840510 1745176 2568288 339139 321741 1406037 2246547 WATERSTEP (WS) EMPOWERS INDIVIDUALS AND COMMUNITIES TO MEET THEIR OWN WATER NEEDS: ALLEVIATING SUFFERING, BUILDING HEALTHIER COMMUNITIES, AND TRANSFORMING LIVES AROUND THE WORLD. FOUNDED IN LOUISVILLE, KENTUCKY, USA, IN 1995, WS IS A NONPROFIT 0 0 1509001 IN 2023 WATERSTEP (WS) IMPACTED 3.3 MILLION LIVES BY PROVIDING ACCESS TO SAFE WATER, SANITATION, AND HEALTH EDUCATION, BRINGING OUR GRAND TOTAL TO JUST OVER 14.2 MILLION LIVES SERVED. WE DID THIS WITH SUPPORT OF HUNDREDS OF VOLUNTEERS, INCLUDING AN ALL-VOLUNTEER MANUFACTURING/ASSEMBLY TEAM. IN 2023, WS DEPLOYED 492 PIECES OF EQUIPMENT IN 11 COUNTRIES. WE HAD 39 INTERNATIONAL FIELD CONSULTANTS WORKING ON 472 WATER AND/OR DISINFECTANT PROJECTS ACROSS THE GLOBE. 1509001 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 7 0 1 15 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 16 16 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 1 0 KY X X SHERRI HAMILTON 5025686342 625 MYRTLE ST LOUISVILLE KY 40208 MARK HOGG CEO & FOUNDER 40.00 X X 87378 0 16658 RAHUL BAWA PRESIDENT, CEO 1.00 X X 0 0 0 DR SAM YARED VICE PRESIDENT 1.00 X X 0 0 0 LARRY SNYDER TREASURER 1.00 X X 0 0 0 VAUGHN BELL BOARD MEMBER 1.00 X 0 0 0 ERIKA BROWN BOARD MEMBER 1.00 X 0 0 0 CHRISTIAN CONDIT BOARD MEMBER 1.00 X 0 0 0 RAY DICKISON JR BOARD MEMBER 1.00 X 0 0 0 SIMON FLOYD BOARD MEMBER 1.00 X 0 0 0 SHARISE HORNE BOARD MEMBER 1.00 X 0 0 0 GREG HEITZMAN BOARD MEMBER 1.00 X 0 0 0 NATALIE RIDER BOARD MEMBER 1.00 X 0 0 0 CHELSEA RUEFF BOARD MEMBER 1.00 X 0 0 0 RICK SCHARDEIN BOARD MEMBER 1.00 X 0 0 0 DOUG WEAVER BOARD MEMBER 1.00 X 0 0 0 GARRISON COX SECRETARY 1.00 X X 0 0 0 KEITH PHILLIPS BOARD MEMBER 1.00 X 0 0 0 SARAH YODER DIRECTOR OF FINANCE PARTIAL YR 40.00 X 69930 0 0 157308 0 16658 0 0 0 0 0 59650 2410588 17607 2470238 13102 13102 34894 0 34894 34894 34894 73340 59650 35492 37848 37848 334875 134236 200639 200639 OTHER INCOME 900099 14852 14852 14852 2771573 215491 0 85844 797014 552156 143591 101267 67668 45305 9887 12476 50352 32795 10452 7105 35150 1150 34000 21730 20644 434 652 45089 30324 14765 118336 80893 20104 17339 61661 49329 6166 6166 38164 36255 764 1145 30513 25046 5467 1065 639 426 10616 10085 213 318 92527 87955 1829 2743 23093 17116 5019 958 SAFE WATER MISSIONS-PRO 252293 252293 SAFE WATER MISSIONS-SUP 247971 247971 AUTO EXPENSES 23004 14106 4449 4449 MEMBERSHIP DUES 14817 4939 4939 4939 1931063 1509001 241847 180215 540816 1275269 8399 88496 304925 326951 15897 19823 1549899 731223 859977 818676 15162 14073 0 25000 1745176 2568288 78237 77228 260902 244513 339139 321741 X 1234389 2126363 171648 120184 1406037 2246547 1745176 2568288 840510 0 X X 0 1 X 1 0 X 833600 1040281 1229247 1261277 2470238 6834643 833600 1040281 1229247 1261277 2470238 6834643 239064 6595579 36900 25800 28029 24655 47996 163380 935 1489 702 1642 14852 19620 7017643 1382799 0.93990 0.96820 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 40320 40320 1089523 403056 686467 377254 310867 66387 42802 17300 25502 818676 X 3021634 115825 115825 2905809 -134236 -134236 2771573 2181124 115825 134236 250061 1931063 0 1931063 PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND SECTION 141.040(1)(A)6 OF THE KENTUCKY REVISED STATUTES. THE ORGANIZATION HAD NO UNRELATED BUSINESS INCOME FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE ORGANIZATION FOLLOWS GENERALLY ACCEPTED ACCOUNTING PRINCIPLES WHICH PRESCRIBE A COMPREHENSIVE MODEL FOR HOW AN ORGANIZATION SHOULD MEASURE, RECOGNIZE, PRESENT AND DISCLOSE IN ITS FINANCIAL STATEMENTS UNCERTAIN TAX POSITIONS THAT AN ORGANIZATION HAS TAKEN OR EXPECTS TO TAKE ON A TAX RETURN. FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022, THE ORGANIZATION DETERMINED IT DID NOT HAVE ANY UNCERTAIN TAX POSITIONS AND THE ORGANIZATION DID NOT INCUR OR ACCRUE ANY ASSOCIATED INTEREST OR PENALTIES RELATED TO THOSE POSITIONS PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF PRODUCT SALES -134,236. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF PRODUCT SALES 134,236. CENTRAL AMERICA AND THE CARIBBEAN - BELIZE, HAITI, EL SALVADOR, HONDURAS, 0 0 PROGRAM SERVICES ASSISTANCE WITH LONG-TERM SAFE WATER AND SANITATION NEEDS 15763 SOUTH AMERICA - ECUADOR 0 0 PROGRAM SERVICES ASSISTANCE WITH LONG-TERM SAFE WATER AND SANITATION NEEDS 5254 SUB-SAHARAN AFRICA - DJIBOUTI, DR CONGO, IVORY COAST, KENYA, LIBERIA, 0 0 PROGRAM SERVICES ASSISTANCE WITH LONG-TERM SAFE WATER AND SANITATION NEEDS 1042984 ASIA - INDIA, TAJIKISTAN 0 0 PROGRAM SERVICES ASSISTANCE WITH LONG-TERM SAFE WATER AND SANITATION NEEDS EUROPE (INCLUDING ICELAND & GREENLAND) - UKRAINE, MOLDOVA 0 0 PROGRAM SERVICES ASSISTANCE WITH LONG-TERM SAFE WATER AND SANITATION NEEDS 157630 0 0 0 0 0 0 1221631 0 1221631 0 0 0 0 0 0 BOURBON EVENT 121797 48457 73340 15334 3797 465 12648 WORLD WATER DAY BREAKFAST 8444 8444 2165 107 976 2 2749 2749 132990 59650 73340 15334 5962 572 13624 35492 37848 FORM 990, PART VI, SECTION A, LINE 8B NO COMMITTEES ARE AUTHORIZED TO ACT ON BEHALF OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B DRAFT FORM 990 IS SUBMITTED TO THE CEO. AFTER REVIEW THE CEO FORWARDS THE DRAFT 990 TO THE PRESIDENT OF THE BOARD OF DIRECTORS WHO THEN FORWARDS TO ALL BOARD MEMBERS SOLICITING QUESTIONS AND COMMENTS. THE PRESIDENT OF THE BOARD OF DIRECTORS FORWARDS ALL QUESTIONS AND COMMENTS TO THE CEO, WHO REVIEWS THEM WITH THE FORM 990 PREPARER. ANY NEEDED REVISIONS ARE THEN MADE PRIOR TO IRS SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C WATERSTEP HAS A WRITTEN CONFLICT OF INTEREST POLICY. THE FOLLOWING ARE EXCERPTS FROM THE POLICY: EACH DIRECTOR, OFFICER, AND EMPLOYEE IS PROVIDED WITH AND ASKED TO READ A COPY OF THE CONFLICT OF INTEREST POLICY AND TO ACKNOWLEDGE IN WRITING THAT THEY HAVE DONE SO. ANNUALLY EACH DIRECTOR, OFFICER, EMPLOYEE, AND VOLUNTEER COMPLETES A DISCLOSURE FORM IDENTIFYING ANY RELATIONSHIPS, POSITIONS OR CIRCUMSTANCES IN WHICH THEY ARE INVOLVED THAT HE OR SHE BELIEVES COULD CONTRIBUTE TO A CONFLICT OF INTEREST. WATERSTEP HAS A CONFLICT OF INTEREST DISCLOSURE FORM TO FACILITATE THIS REPORTING. A PERSON WHO HAS A CONFLICT OF INTEREST IS NOT ALLOWED TO HEAR THE BOARD OR COMMITTEE DISCUSSION ON THE MATTER EXCEPT TO DISCLOSE MATERIAL FACTS AND TO RESPOND TO QUESTIONS. FORM 990, PART VI, SECTION B, LINE 15 WATERSTEP HAS AN EXECUTIVE COMMITTEE THAT IS TASKED WITH REVIEWING AND ADJUSTING COMPENSATION FOR THE CEO AND KEY EMPLOYEES. THE EXECUTIVE COMMITTEE OF INDEPENDENT BOARD MEMBERS MEETS AT LEAST TWICE PER YEAR (INDEPENDENCE IS DEFINED AS A BOARD MEMBER WHO IS NOT AN EMPLOYEE OF WATERSTEP). AS PART OF ITS PROCESS THE COMMITTEE REVIEWS COMPENSATION STUDIES PROVIDED BY GUIDESTAR AND SIMILAR ORGANIZATIONS. MINUTES TO EXECUTIVE COMMITTEE MEETINGS ARE KEPT SO AS TO SUBSTANTIATE DELIBERATION AND DECISIONS. FORM 990, PART VI, SECTION C, LINE 19 ANY PERSON CAN VISIT WATERSTEP'S OFFICE TO SEE A COPY OF ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS. THESE DOCUMENTS ARE KEPT IN A FILE AT THE RECEPTIONIST'S DESK FOR ANYONE WHO REQUESTS TO SEE THEM. WATERSTEP ALSO TRASMITS THESE DOCUMENTS VIA EMAIL AS NEEDED AND REQUESTED. FORM 990, PART XII, LINE 2C: THIS PROCESS HAS NOT CHANGED FROM PRIOR YEARS.