Overview
What is Water Well Trust Inc?
Water Well Trust Inc is a US-based nonprofit organization operating from Davidson, North Carolina. The primary mission of Water Well Trust Inc is to provide safe drinking water solutions to families in the United States who lack access to a reliable water supply in their homes. They achieve this by drilling wells, offering financial aid, and providing septic systems where necessary. In addition to providing water solutions, Water Well Trust Inc has objectives that include protecting existing wells, prioritizing low-income and minority households, developing projects that utilize wells for affordable, safe water delivery systems, and promoting wells and protecting the health of those served by them. They also provide educational programs to promote the importance of wells and the protection of drinking water for those using wells. Furthermore, Water Well Trust Inc provides septic systems to homes in need of proper wastewater disposal. As of the provided information, the organization employs a team of 5 individuals.
Official website here: www.waterwelltrust.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
Water Well Trust Inc has demonstrated a strong commitment to accountability and financial transparency, reflected in its impressive 96% score from Charity Navigator. This rating is based solely on its accountability and finance metrics, indicating a high level of trustworthiness in financial practices. The organization has consistently maintained a majority of independent board members and shows no signs of material diversion of assets, reinforcing its integrity.
The charity excels in its financial oversight, with a comprehensive audit and oversight committee in place. It adheres to best practices in governance by having well-documented policies on conflicts of interest and whistleblower protections. Additionally, the organization efficiently utilizes its resources, with a program expense ratio of 95.29%, which underscores its dedication to maximizing the impact of its initiatives.
While the financial aspects of Water Well Trust Inc are commendable, further insights into its programmatic effectiveness and community impact would provide a more holistic view of its performance. Nevertheless, the high accountability and finance score positions the nonprofit as a reliable entity in the philanthropic landscape.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Water Well Trust Inc?
100% of 10 reviewers on Facebook recommend the Water Well Trust Inc. Here is a summary of their reviews:
The organization has received high praise for its efficient and effective assistance in times of need. One reviewer shared a personal experience where their well ran dry, and they were impressed by how quickly the Water Well Trust stepped in to help. They described the process as incredibly simple, indicating that the nonprofit makes a genuine effort to support families facing water access issues.
Overall, people seem genuinely grateful for the services provided by the Water Well Trust Inc. The sentiment reflects a strong satisfaction with the organization's responsiveness and dedication to ensuring households have access to necessary water resources.
This AI summary has been generated from reviews found on Facebook.
Is Water Well Trust Inc legitimate?
Water Well Trust Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Water Well Trust Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $115,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $104,214
For more financial information, click here
Official website here: www.waterwelltrust.org
What is the mission statement of Water Well Trust Inc?
Water Well Trust Inc is dedicated to providing safe drinking water solutions to households in the United States lacking a reliable supply. Their mission includes constructing water wells and offering financial assistance to well owners, as well as rehabilitating existing wells where necessary. They aim to prioritize low-income and minority households and develop projects that utilize wells as part of an affordable, safe water delivery system. Additionally, Water Well Trust Inc focuses on promoting wells and protecting the health and water supplies of those served by wells, and they provide septic systems for homes in need of proper waste water disposal.
Official website here: www.waterwelltrust.org
Who is the CEO of Water Well Trust Inc?
Margaret Martens is the President of Water Well Trust Inc.
Official website here: www.waterwelltrust.org
What is the revenue of Water Well Trust Inc?
Water Well Trust Inc's revenue in 2022 was $3,284,791.
Official website here: www.waterwelltrust.org
Who are the executives of Water Well Trust Inc and what are their salaries?
The average compensation at Water Well Trust Inc during 2022 was $43,943. There are 5 employees at Water Well Trust Inc.
Here are 8 key members and their salaries:
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- Compensation: $75,000
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- Compensation: $40,500
- Related: $94,500
- Other: $0
Official website here: www.waterwelltrust.org
Where can I find the form 990 for Water Well Trust Inc?
Water Well Trust Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.waterwelltrust.org
Learn more at the official website: www.waterwelltrust.org
Mission Statement of Water Well Trust Inc
The Water Well Trust Inc, a nonprofit organization, is dedicated to providing water wells and septic systems to households in the United States who lack a safe drinking water supply and proper wastewater disposal. Its mission encompasses offering education and financial support to domestic water well owners, ensuring the water quality and quantity provided by these wells. The Water Well Trust Inc strives to achieve several objectives, including providing wells to those without safe drinking water, protecting wells by identifying resources for rehabilitation or construction, focusing on low-income and minority households in areas best served by wells, developing projects that use wells as part of an affordable, safe drinking water delivery system, and developing and delivering educational programs to promote wells and protect the health and drinking water supplies of those served by wells. Furthermore, the organization aims to provide septic systems to homes in need of proper wastewater disposal.
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Impact
June, 2024
Water Well Trust Inc provides essential water wells and septic systems to families in the USA who lack safe drinking water and proper waste disposal in their homes. Through education, financial aid, and drilling wells, this organization ensures that these families have access to clean and safe drinking water. Additionally, by providing septic systems to homes in need, Water Well Trust Inc helps protect the environment and public health by ensuring proper waste disposal. Their impactful work directly addresses the critical need for safe water sources and sanitation in underserved communities across the country.
This information is meant to be a general summary of Water Well Trust Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $888
- Program Service Revenue: $1,364,772
- Gross Receipts: $3,353,219
Assets and Liabilities:
- Total Assets: $2,816,948
- Total Liabilities: $133,908
- Net Assets: $2,683,040
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
WELL DRILLING CHARGES
Revenue
$1,348,491
INTEREST ON LOANS
Revenue
$16,281
Organization Details
Founding Year
2009
Phone
(202) 625-4383Principal Officer
Margaret Martens
Main Address
PO BOX 2399, DAVIDSON, NC, 28036
Website
www.waterwelltrust.orgNTEE Category
Code: C32 - Environment
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