Overview
What is Water Finance Exchange Inc?
Water Finance Exchange Inc is a nonprofit organization based in Washington D.C., specifically at 1455 Pennsylvania Avenue NW. Their core mission revolves around addressing water infrastructure issues in communities, particularly those that lack funding and do not have access to capital markets. The organization serves as a bridge, connecting these communities in need with the technical expertise and targeted financial resources that are currently unavailable. The Water Finance Exchange Inc aims to significantly increase funding solutions in the U.S. water, wastewater, and stormwater systems, with a focus on rural and disadvantaged communities. With a team of just two individuals, they strive to provide communities with the best network of resources to help them select, design, and fund projects that align with their local priorities.
Official website here: www.waterfx.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 78% (Three-Star out of Four Stars)
Water Finance Exchange Inc has earned a Three-Star rating on Charity Navigator, indicating a solid level of accountability and financial management. The overall score is derived entirely from the Accountability & Finance beacon, which reflects the organization’s commitment to transparency and responsible use of resources. The nonprofit received full points in various areas, including board independence, policy adherence, and program expense ratio.
Strengths of the organization include a fully independent board and a strong performance in managing program expenses and working capital. Additionally, the charity demonstrates a commitment to governance with documented board meeting minutes and pre-filing distribution of tax forms to board members. These elements contribute positively to the organization’s overall score and reputation for accountability.
However, there are areas for improvement, particularly in fundraising efficiency, where the organization scored zero. This indicates potential challenges in raising funds effectively, which could impact sustainability and program expansion. Despite this limitation, the organization’s overall financial health and governance practices remain commendable.
This AI summary has been generated from information found on Charity Navigator.
Is Water Finance Exchange Inc legitimate?
Water Finance Exchange Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Water Finance Exchange 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: $422,249
Professional Fundraising Fees: $0
Other Salaries and Wages: $46,249
For more financial information, click here
Official website here: www.waterfx.org
What is the mission statement of Water Finance Exchange Inc?
The Water Finance Exchange (WFX) aims to significantly boost funding solutions for water, wastewater, and stormwater systems, with a focus on rural and disadvantaged communities in the United States. Their mission is achieved through a pipeline development process, connecting communities with funding challenges and no access to capital markets, to specialized technical expertise and targeted financial resources that can help address their water infrastructure issues. By doing so, WFX strives to provide communities in need with the resources they require to design and implement projects according to their local priorities.
Official website here: www.waterfx.org
Who is the CEO of Water Finance Exchange Inc?
F Henry Habicht is the Principal Officer of Water Finance Exchange Inc.
Official website here: www.waterfx.org
What is the revenue of Water Finance Exchange Inc?
Water Finance Exchange Inc's revenue in 2022 was $149,293.
Official website here: www.waterfx.org
Who are the executives of Water Finance Exchange Inc and what are their salaries?
The average compensation at Water Finance Exchange Inc during 2022 was $234,249. There are 2 employees at Water Finance Exchange Inc.
Here are 9 key members and their salaries:
- Compensation: $225,833
- 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
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $172,500
- Related: $0
- Other: $23,915
Official website here: www.waterfx.org
Where can I find the form 990 for Water Finance Exchange Inc?
Water Finance Exchange Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.waterfx.org
Learn more at the official website: www.waterfx.org
Mission Statement of Water Finance Exchange Inc
The Water Finance Exchange, a notable organization, is dedicated to amplifying funding solutions for water, wastewater, and stormwater systems across the United States. With a particular focus on rural and disadvantaged communities, this entity aims to bridge the gap in resources and capital markets that these communities often face.
In a proactive approach, the Water Finance Exchange provides communities with an extensive network of resources to aid them in selecting, designing, and funding projects that align with their local priorities. By connecting communities in need with the technical expertise and targeted financial resources currently unavailable, the organization seeks to address the water infrastructure issues that these communities are grappling with.
In essence, the Water Finance Exchange serves as a connecting bridge between communities in need and the resources necessary to improve their water infrastructure, ultimately contributing to the overall sustainability and well-being of these communities.
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Impact
June, 2024
Water Finance Exchange Inc's impact is significant in increasing funding solutions in the US water, wastewater, and stormwater systems, with a particular emphasis on rural and disadvantaged communities. Through pipeline development, WFX connects communities that lack necessary funding and access to capital markets with the technical expertise and targeted financial resources required to address their water infrastructure issues. They provide communities with a network of resources to help select, design, and fund projects that align with their local priorities. This targeted approach ensures that communities in need receive the support they require to improve their water systems, ultimately benefiting the environment and the residents of these underserved areas.
This information is meant to be a general summary of Water Finance Exchange 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: $1,947
- Program Service Revenue: $14,846
- Gross Receipts: $149,293
Assets and Liabilities:
- Total Assets: $1,414,154
- Total Liabilities: $73,050
- Net Assets: $1,341,104
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONSULTING SERVICES
Revenue
$14,846
Organization Details
Founding Year
2020
Phone
(618) 806-6864Principal Officer
F Henry Habicht
Main Address
1455 PENNSYLVANIA AVENUE NW 400, WASHINGTON, DC, 200041017
Website
www.waterfx.orgNTEE Category
Code: C32 - Environment
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