2025-11-06T14:19:36-06:00 2024-12-31 812950760 SAX LLP 389 INTERPACE PARKWAY STE 3 PARSIPPANY NJ 07054 990 2024-01-01 453236734 WATSI INC WATS 2567928747 548 MARKET STREET 75903 SAN FRANCISCO CA 94104 MACKINNON ENGEN EXECUTIVE DIRECTOR 2567928747 2025-11-06 1 0 MARQUS WHITE P00053187 9734726250 2025-11-06 2024 2025-03-06 01:10:19Z MACKINNON ENGEN 548 MARKET STREET 75903 SAN FRANCISCO CA 94104 2268111 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. 4 4 5 4 0 0 2229058 2265487 0 0 6892 31 0 2593 2235950 2268111 1158206 1590627 0 0 585075 616708 0 0 200260 180364 275565 1923645 2482900 312305 -214789 2388424 2244629 27833 97766 2360591 2146863 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 30,000 PATIENTS ACROSS 33 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 2055429 1590627 IN 2024, WATSI CONTINUED TO GROW OUR INNOVATIVE, DIRECT, AND RADICALLY TRANSPARENT MODEL SERVING PATIENTS IN NEED OF LIFE-CHANGING HEALTHCARE. WE REACHED 43% MORE PATIENTS THAN THE PREVIOUS YEAR, LAUNCHED OUR NEW EMERGENCY SURGERY PROGRAM, EXPANDED CARE IN ETHIOPIA WITH A NEW MEDICAL PARTNERSHIP, AND SHARED OUR LEARNING TO CHAMPION PEOPLE-POWERED PHILANTHROPY ON THE GLOBAL STAGE. WATSI HAS HELPED MORE THAN 30,000 PATIENTS ACROSS 33 COUNTRIES. AGAIN THIS YEAR, WATSI RECEIVED THE HIGHEST RATINGS AWARDED BY TRUSTED REVIEWERS FOR ACCOUNTABILITY AND TRANSPARENCY. 2055429 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 4 0 1 5 1 0 0 0 0 0 0 0 0 0 0 0 0 X 4 4 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 DR MAHLET KIFLE HABTEMARIAM DIRECTOR (LEFT 2/24) 1.00 X 0 0 0 MACKINNON ENGEN EXECUTIVE DIRECTOR 40.00 X 159179 0 63812 KEENYN MCFARLANE CFO 20.00 X 60231 0 49885 219410 0 113697 1 0 1 0 SONAM SINGH 548 MARKET STREET SAN FRANCISCO CA 94104 MARKETING AND COMMUNICATIONS 100305 1 2265487 2265487 31 31 OTHER INCOME 900099 2593 2593 2593 2268111 0 0 2624 1590627 1590627 333107 204054 67937 61116 212165 34090 109417 68658 1872 297 1575 36523 4393 32130 33041 14868 5617 12556 1349 1349 22000 22000 148446 134510 3558 10378 777 777 27563 12868 9414 5281 14904 11060 3844 23234 16988 359 5887 363 363 3501 1576 595 1330 BANK AND PAYMENT PROCES 33428 30395 3033 2482900 2055429 227211 200260 2103306 1706675 8846 8956 223709 448387 9141 12036 10520 7330 2461 3190 2757 27181 38204 38204 2388424 2244629 27833 97766 27833 97766 X 1275674 1252694 1084917 894169 2360591 2146863 2388424 2244629 -214789 1061 0 X 0 1 X 1 0 X 1400769 1638629 1588745 2229058 2265487 9122688 1400769 1638629 1588745 2229058 2265487 9122688 932353 8190335 5 10587 31 10623 2593 2593 9135904 0.89650 0.90930 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6454 3264 3190 4066 4066 0 3190 X 2284235 1061 15063 16124 2268111 0 2268111 2497963 15063 15063 2482900 0 2482900 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, 2021 AND LATER ARE SUBJECT TO EXAMINATION BY APPLICABLE TAXING AUTHORITIES. 0 ASIA 0 0 MEDICAL TREATMENT TO PATIENTS 557024 AFRICA 0 0 MEDICAL TREATMENT TO PATIENTS 912415 AMERICAS 0 0 MEDICAL TREATMENT TO PATIENTS 121188 0 0 0 0 0 0 1590627 0 1590627 MEDICAL TREATMENT TO PATIENTS ASIA 557024 STRIPE MEDICAL TREATMENT TO PATIENTS AFRICA 912415 STRIPE MEDICAL TREATMENT TO PATIENTS AMERICAS 121188 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 159179 0 0 0 0 0 23000 0 40812 0 222991 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.