Overview
What is Texas Water Trade?
Texas Water Trade (TWT) is a non-profit organization based in Austin, Texas, dedicated to safeguarding the state's water resources. By providing technical services such as appraisals, training, ecological analysis, engineering, hydrological modeling, legal, and environmental monitoring, TWT supports land and water conservation organizations and governmental agencies in their efforts to conserve water rights for the benefit of the natural environment. TWT's work focuses on two main goals: promoting the development of net-zero water buildings and subdivisions that can capture, treat, and return water to the original source, and facilitating voluntary water market transactions to secure healthy flows in Texas rivers. To achieve these objectives, TWT engages in various activities, including providing technical expertise on legal frameworks of surface water rights and groundwater rights, launching the Texas Water Market Makers program, diversifying funding resources for flows restoration and protection projects, and developing long-range strategies for complex water flow arrangements. Overall, TWT is committed to creating markets for innovative water resilience projects in Texas.
Official website here: www.texaswatertrade.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 95% (Four-Star out of Four Star rating)
Texas Water Trade has earned a Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance, with a score of 83%. The organization demonstrates exceptional financial integrity, evidenced by the presence of a majority of independent board members and robust audit practices. It has also achieved a perfect score in culture and community, indicating a commitment to stakeholder engagement and transparency.
The nonprofit excels in leadership and adaptability, scoring 100% in this area, which speaks to its effective strategic planning and strong leadership team. Feedback is actively collected and utilized, showcasing a culture that values input from stakeholders and is responsive to their needs. This level of engagement suggests that Texas Water Trade is not only focused on its mission but is also committed to continuous improvement.
While the organization shows remarkable strengths, it is important for prospective donors and stakeholders to consider how these strengths align with their values and expectations. Overall, Texas Water Trade stands out as a well-managed and transparent nonprofit dedicated to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Texas Water Trade legitimate?
Texas Water Trade is a legitimate nonprofit organization registered as a 501(c)(3) entity. Texas Water Trade 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: $224,507
Professional Fundraising Fees: $0
Other Salaries and Wages: $333,361
For more financial information, click here
Official website here: www.texaswatertrade.org
What is the mission statement of Texas Water Trade?
Texas Water Trade's mission is geared towards creating markets for innovative water resilience projects, focusing on achieving a future of clean, flowing water for all. The organization provides technical services to non-profit land and water conservation organizations and governmental agencies, supporting the acquisition and stewardship of water rights to benefit the natural environment. Their work centers on two mechanisms for advancing a vision of sustained water abundance: educating and providing technical support to governmental and non-profit urban leaders to facilitate investment in net zero water buildings and subdivisions, and providing technical support and funding to facilitate a diverse suite of voluntary water market transactions. Their activities include evaluating legal frameworks of surface water rights and groundwater rights, hydro logical monitoring, and ecological modeling to assess the benefit of various contract structures to secure water and opportunities for water rights holders who voluntarily participate in environmental flows transactions. They also launch the Texas Water Market Makers program, diversify funding resources for flows restoration and protection projects, quarterback market development, provide trusted project evaluation, set environmental flows restoration and protection targets, advance awareness of the water supply potential of onsite water resources, accelerate commitments to net zero water, and support financial innovations to enable net zero development.
Official website here: www.texaswatertrade.org
Who is the CEO of Texas Water Trade?
Sharlene Leurig is the Director of Texas Water Trade. The CEO's salary of Texas Water Trade is $188,349 and their total compensation is $214,226.
Official website here: www.texaswatertrade.org
What is the revenue of Texas Water Trade?
Texas Water Trade's revenue in 2022 was $1,403,530.
Official website here: www.texaswatertrade.org
Who are the executives of Texas Water Trade and what are their salaries?
The average compensation at Texas Water Trade during 2022 was $79,695. There are 7 employees at Texas Water Trade.
Here are 18 key members and their salaries (Texas Water Trade's CEO's salary is $188,349 and their total compensation is $214,226):
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Official website here: www.texaswatertrade.org
Where can I find the form 990 for Texas Water Trade?
Texas Water Trade's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.texaswatertrade.org
Learn more at the official website: www.texaswatertrade.org
Mission Statement of Texas Water Trade
Texas Water Trade, a non-profit organization, is dedicated to creating markets for innovative water resilience projects, with the ultimate goal of ensuring a future of clean, flowing water for all Texans. By harnessing markets and technology, the organization aims to achieve this mission.
In practical terms, Texas Water Trade provides technical services such as appraisals, training, ecological analysis, engineering, hydrological modeling, legal, and environmental monitoring to non-profit land and water conservation organizations and governmental agencies. These services support the acquisition and stewardship of water rights, benefiting the natural environment and increasing Texas' reliable water supply.
The organization's work revolves around two main mechanisms for advancing a vision of sustained water abundance. Firstly, Texas Water Trade educates and provides technical support to governmental and non-profit urban leaders to facilitate investment in net zero water buildings and subdivisions. This investment allows these areas to capture, treat, and return as much water as they demand, thereby increasing Texas' reliable water supply as new growth occurs.
Secondly, Texas Water Trade facilitates a diverse suite of voluntary water market transactions, such as dry year options and infrastructure participation, to secure healthy flows in Texas rivers while creating supply resilience for other water users. To achieve these goals, the organization engages in various activities, including supporting organizations capable of pursuing water transactions for healthy environmental flows, launching the Texas Water Market Makers program, diversifying funding resources for flows restoration and protection projects, and quarterbacking market development.
Texas Water Trade also evaluates the feasibility and benefit of environmental flows restoration and protection projects in Texas, lowers transaction costs for project sponsors and funders, and sets environmental flows restoration and protection targets. Additionally, the organization advances awareness of the water supply potential of onsite water resources, accelerates commitments to net zero water, supports financial innovations to enable net zero development, and produces environmental water informational and analytical tools.
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Impact
June, 2024
Texas Water Trade's impact lies in creating markets for innovative water resiliency projects in Texas by providing technical services, facilitating water rights transactions, and supporting environmental flows restoration and protection projects. Through its efforts, Texas Water Trade aims to ensure clean, flowing water for all Texans while promoting sustainable water practices and addressing water scarcity challenges.
This information is meant to be a general summary of Texas Water Trade. 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: -$2,219
- Program Service Revenue: $42,050
- Gross Receipts: $1,888,449
Assets and Liabilities:
- Total Assets: $1,363,986
- Total Liabilities: $130,032
- Net Assets: $1,233,954
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTRACT REVENUE
Revenue
$42,050
Organization Details
Founding Year
2018
Phone
(512) 846-3075Principal Officer
Sharlene Leurig
Main Address
611 S CONGRESS AVENUE 125, AUSTIN, TX, 78704
Website
www.texaswatertrade.orgNTEE Category
Code: C30 - Environment
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