Overview
What is Open Water Foundation?
The Open Water Foundation is a non-profit organization based in Fort Collins, Colorado, with only two employees. Their primary focus is on developing and supporting open-source software and open data solutions to improve decisions related to water resources. Specifically, they work on addressing complex water issues in various regions, such as urban/agriculture water sharing, water resources planning, and water innovation events. They also provide consulting services to state agencies, consultants, and researchers, helping to refine modeling tools, analyze snowpack, and transfer software to open-source licensing to foster innovation and sustainability. Their work benefits Colorado citizens by providing them with more efficient and sustainable water resources management.
Official website here: www.openwaterfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83% (Three-Star out of Four Star rating)
The Open Water Foundation has received an overall score of 83%, primarily reflecting its strong performance in Accountability & Finance. The organization excels in several key areas, including having a fully independent board and no material diversion of assets, which contributes positively to its financial health and governance structure. Moreover, it maintains a high program expense ratio, indicating that a significant portion of its resources is directed towards programmatic activities.
However, there are noted limitations in some governance policies. Specifically, the foundation is missing a whistleblower policy and a document retention and destruction policy, which may raise concerns about transparency and accountability. Although the organization has a well-documented process for board meetings and a conflict of interest policy in place, the absence of these key policies could impact stakeholder trust.
Overall, while the Open Water Foundation demonstrates commendable strengths in its financial accountability and governance, addressing the gaps in its policies could further enhance its credibility and operational effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Open Water Foundation legitimate?
Open Water Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Open Water Foundation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $130,000
For more financial information, click here
Official website here: www.openwaterfoundation.org
What is the mission statement of Open Water Foundation?
The Open Water Foundation focuses on developing and backing open source software and open data solutions to aid in making informed decisions about water resources. By creating such tools, the organization aims to enhance the decision-making process regarding the management of water resources, particularly in urban and agricultural settings. The Foundation's work extends to projects such as South Platte Basin water resources planning, statewide water planning, and snowpack analysis. Additionally, the Foundation supports the use of modeling tools and data analysis to improve water resource decisions, ultimately benefiting citizens in various regions. To increase the innovation and sustainability of their tools, the Foundation is collaborating with the state of Colorado to transfer software tools to open source licensing.
Official website here: www.openwaterfoundation.org
Who is the CEO of Open Water Foundation?
Steve Malers is the Chief Executive Officer of Open Water Foundation. The CEO's salary of Open Water Foundation is $60,000 and their total compensation is $60,000.
Official website here: www.openwaterfoundation.org
What is the revenue of Open Water Foundation?
Open Water Foundation's revenue in 2022 was $133,912.
Official website here: www.openwaterfoundation.org
Who are the executives of Open Water Foundation and what are their salaries?
The average compensation at Open Water Foundation during 2022 was $65,000. There are 2 employees at Open Water Foundation.
Here are 5 key members and their salaries (Open Water Foundation's CEO's salary is $60,000 and their total compensation is $60,000):
- Compensation: $60,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.openwaterfoundation.org
Where can I find the form 990 for Open Water Foundation?
Open Water Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.openwaterfoundation.org
Learn more at the official website: www.openwaterfoundation.org
Mission Statement of Open Water Foundation
The Open Water Foundation, a non-profit organization, is dedicated to the development and support of open source software and open data solutions, with the aim of making informed decisions about water resources. Through their endeavors, they strive to address complex water resource issues, such as urban/agricultural water sharing, long-term water planning, and modeling tools, among others.
Their mission extends to improving various aspects of water resource management, including the South Platte Basin water resources planning, statewide water planning, and snowpack analysis. Additionally, they organize water innovation events and engage in data analysis to enhance the quality of decisions made regarding water resources.
In a bid to increase innovation and sustainability, the Open Water Foundation helps states, such as Colorado, transfer software tools to open source licensing. These tools and reports are then utilized by state agencies, consultants, and researchers to make more informed decisions about water resources, ultimately benefiting the citizens of Colorado.
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Impact
June, 2024
Open Water Foundation's impact lies in developing and supporting open source software and open data solutions aimed at improving decision-making regarding water resources. By creating software tools and offering consulting services to assess complex water resources issues in Colorado and other states, including topics such as urban and agriculture water sharing, basin water resources planning, statewide water planning, modeling tools, snowpack analysis, water innovation events, and data analysis, Open Water Foundation plays a crucial role in enhancing water management strategies. Furthermore, their efforts in facilitating the transition of software tools to open source licensing contribute to fostering innovation and sustainability in the field. The tools and reports produced by Open Water Foundation are utilized by Colorado state agencies, consultants, and researchers to enhance water resources decision-making processes for the benefit of the state's residents.
This information is meant to be a general summary of Open Water Foundation. 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: $1,500
- Program Service Revenue: $132,370
- Gross Receipts: $133,912
Assets and Liabilities:
- Total Assets: $6,627
- Total Liabilities: $1,980
- Net Assets: $4,647
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Software DevSupport
Revenue
$132,370
Organization Details
Founding Year
2013
Principal Officer
Steve Malers
Main Address
320 East Vine Drive STE 212, Fort Collins, CO, 805242313
Website
www.openwaterfoundation.orgNTEE Category
Code: C19 - Environment
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