Water Equity Inc
Water Equity Inc
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About this organization
Mission
Waterequity is the first-ever impact investment manager dedicated to ending the global water crisis, with an exclusive focus on raising and deploying capital to water and sanitation enterprises throughout Asia, Africa, and Latin America. Co-founded in 2017 by social entrepreneur Gary White and actor Matt Damon, waterequity combines decades of financial and in-market experience to provide investors a unique opportunity to drive positive social and financial impact.
About
Waterequity is the first ever impact asset manager with an exclusive focus on ending the global water crisis. To date, waterequity has reached 760,000 people to gain access to safe water and/or sanitation. 99% of individuals supported by waterequity are women and 77% earn less than $4/day.
Interesting data from their 2020 990 filing
The non-profit's mission, as documented in the filing, is “To foster an enduring investment capital market that accelerates universal access to safe water and sanitation”.
When explaining its purpose, the activities were described as: “Waterequity's mission is to raise and deploy social impact investment capital to enterprises serving water supply and sanitation needs.”.
- The non-profit is legally allowed to operate in the state of MO, as reported.
- The filing provides the non-profit's address in 2020 as 1828 WALNUT SREET, KANSAS CITY, MO, 64108.
- The non-profit has a total of 15 employees, as reported on their form for 2020.
- Does not operate a hospital.
- Does not operate a school.
- Does not collect art.
- Does not provide credit counseling.
- Has foreign activities.
- Is not a donor-advised fund.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is $2,099,396.
- The CEO remuneration policy within the organization is not established through a review and endorsement from a neutral party.
- The organization has a written policy that delegates the management duties.
- The organization has 4 independent voting members.
- The organization was formed in 2016.
- The organization has a written policy that addresses conflicts of interest.
- The organization is required to file Schedule B.
- The organization is required to file Schedule J.
- The organization is required to file Schedule O.
- The organization pays $1,943,756 in salary, compensation, and benefits to its employees.
- The organization pays $227,607 in fundraising expenses.
- The organization provides Form 990 to its governing body.
- The organization has minutes of its meetings.
- The organization has a written whistleblower policy.
- The organization's financial statements were reviewed by an accountant.