The Water Research Foundation

Tax-deductible

Denver, CO501(c)(3)Since 1966EnvironmentEIN 13-6211384Revenue $24.3M in FY2025

On file with the IRSwaterrf.org6666 W Quincy Ave, 80235-3098 · Denver, COTax-exempt since Feb 1967Publicly supported charity — 170(b)(1)(A)(vi)

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The purpose of the Water Research Foundation (wrf) is a definitive Research organization to advance the science of all things Water to better meet the evolving needs of its subscribers and the Water sector. To engage exclusively in nonprofit, charitable and educational activities designed to initiate, supervise, coordinate, promote, and finance Research in the technology, operation, and management of Water, wastewater, reuse and stormwater collection, treatment, and supply systems, toward ensuring Water quality and improving Water service to the public.

501(c)(3) charity; gifts are tax-deductible.
69¢ of each $1 spent went to programs.
Run by 1,000 volunteers and 54 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $5.1M a year · 20% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
69%
of spending
Fine: 69% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$2.1M
to officers and key staff · 10% of spending
Top officer’s pay higher than 88% of similar orgs
Looks good: pay to officers and key staff is 10% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
5 mo
of spending, in cash
Looks good: 5.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $442K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$10.9M
17% of total assets
Looks good: liabilities are 17% of assets; 50% or less.
Pt X · Ln 26
Independent board members
32
of 32 voting members
Looks good: 32 of 32 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$24.3M
+0.8% vs prior year
Spent
$20.4M
To programs
69%
Net assets
$51.7M
By yearFY2020–FY2025
Revenue
$24.3M
FY2025▲ +0.8%
Tap a bar for its year
Revenue by fiscal year
FY2020$25.8M
FY2021$27.2M
FY2022$24.5M
FY2023$23.4M
FY2024$24.1M
FY2025$24.3M
Expenses
$20.4M
FY2025▼ -5%
Tap a bar for its year
Expenses by fiscal year
FY2020$19.7M
FY2021$19.7M
FY2022$18.6M
FY2023$19.1M
FY2024$21.5M
FY2025$20.4M
Net assets
$51.7M
FY2025▲ +10%
Tap a bar for its year
Net assets by fiscal year
FY2020$26.4M
FY2021$33.8M
FY2022$39.0M
FY2023$43.9M
FY2024$47.0M
FY2025$51.7M

From the FY2025 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 1967.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

69 cents of each dollar spent went to programs.

Program services 69% · $14.1M Management & general 29% · $5.8M Fundraising 2% · $466K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

41 people listed on the 990; $2.1M paid to officers and key staff.

Part VII, Section A · reportable compensation
CEO/Secretary
$468,509Pt VII · Sec A
Chief Operating Officer
$315,707Pt VII · Sec A
Chief Communications Officer
$240,282Pt VII · Sec A
Chief Research Officer
$236,156Pt VII · Sec A
Director of Research Services
$178,347Pt VII · Sec A
Manager - Strategic Engagement
$167,240Pt VII · Sec A
Director of Subscriber Services
$159,410Pt VII · Sec A
Sponsored Programs (until Nov '25)
$156,936Pt VII · Sec A

Peter Grevatt’s $469K as CEO/Secretary is at the 88th percentile of top reported officer pay among 324 $10–100M environment nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Peter Grevatt$468,509$443,415$424,130$401,023$383,519$430,220
Tania Haskins$315,707$291,366$267,985$243,972$218,172$211,481
Allexis Vean$240,282—$178,408$160,297$146,295—
Kenan Ozekin$236,156$173,100$153,297$142,446—$131,145
John Albert——$231,638$204,502$183,635$184,829
Allexis Vean- Chief—$218,360————
Jeffrey Moeller$178,347—$157,244$150,073$143,542$143,323
Brenley McKenna——$171,446$161,150$152,806$150,207

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Advances water science to improve quality of life for all.

Questions for The Water Research Foundation

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Provided by the organization

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3 programs · $12.7M · in their own filed words · FY2025
01

Research Programs

WRF coordinates multiple research programs to collectively address water-related issues of subscribers and the water sector as a whole. The research programs are the research priority program, the tailored collaboration program, emerging opportunities program, unsolicited research program and facilitated research program.

$9.0Mprogram expense
02

Research Management

The planning, administration, and monitoring of the research programs sponsored by WRF are the responsibility of the research managers. Specific tasks include administration of WRF'S research advisory council and technical advisory committees for each program and topic area; research planning; contractor monitoring and oversight…

$2.4Mprogram expense
03

Communications & Marketing

WRF'S communications and marketing efforts consist of publishing information and resources derived from wrf-sponsored research to ensure that the results and application of research are effectively transferred to subscribers and other stakeholders.

$1.4Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2023
Total grants receivedfrom 2 funders$442K
Grants paid · 4 grants · $400K · 2022–2025
Unitemized GrantFY2025$100,000
Unitemized GrantFY2024$100,000
Unitemized GrantFY2023$100,000
Unitemized GrantFY2022$100,000

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$24.3M
Ln 12
Gifts and grantsLn 1h$18.4M
Fees for servicesLn 2g$3.9M
Investment incomeLn 3$1.9M
Money outPt IX
$20.4M
Ln 25
Programscol B$14.1M
Managementcol C$5.8M
Fundraisingcol D$466K
Owns and owesPt X
$51.7M
net assets · Ln 32
Cash and savingsLn 1–2$9.1M
Total assetsLn 16$62.6M
LiabilitiesLn 26$10.9M
PeoplePt VI, VII
41
listed · VII A
PaidVII A9
Voting boardVI 1a32
IndependentVI 1b32
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$18.4M
Government grantsLn 1e$17.4M
Fees for servicesLn 2g$3.9M
Investment incomeLn 3$1.9M
Other incomeLn 4–11$146K
Gains on assetsLn 7$56K
Total revenueLn 12$24.3M
Assets in detailPt X, end of year
SavingsLn 2$9.1M
Cash and savings togetherLn 1–2$9.1M
InvestmentsLn 11–13$48.1M
Land, buildings, equipmentLn 10c$1.0M
Other assetsLn 15$3.0M
Total assetsLn 16$62.6M
LiabilitiesLn 26$10.9M
Net assetsLn 32$51.7M
OperationsPt I, VI
EmployeesI 554
VolunteersI 61,000
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$8.2M$9.1M
InvestmentsLn 11–13$43.7M$48.1M
Land, buildings, equipmentLn 10c$409K$1.0M
Total assetsLn 16$57.1M$62.6M
LiabilitiesLn 26$10.1M$10.9M
Net assetsLn 32$47.0M$51.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$100K$100K
Pay of current officers, directors and key staffLn 5$1.4M$1.4M
Other salaries and wagesLn 7$5.0M$3.0M$1.7M$212K
Pension plan contributionsLn 8$482K$281K$182K$19K
Other employee benefitsLn 9$1.3M$652K$612K$43K
Payroll taxesLn 10$469K$225K$229K$15K
Investment management feesLn 11f$18K$18K
Other fees for servicesLn 11g$2.0M$1.0M$930K$54K
Advertising and promotionLn 12$20K$10K$10K$669
Office expensesLn 13$156K$76K$75K$5K
OccupancyLn 16$695K$338K$334K$23K
TravelLn 17$688K$462K$145K$80K
Conferences, conventions and meetingsLn 19$56K$27K$27K$2K
Depreciation, depletion and amortizationLn 22$90K$44K$43K$3K
InsuranceLn 23$76K$37K$36K$3K
Other expenses (24a–d)Ln 24$7.8M$7.7M$78K$5K
All other expensesLn 24e$4K$2K$2K$131
Total functional expensesLn 25$20.4M$14.1M$5.8M$466K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $24.3M$20.4M$4.0M$51.7M 990 PDF
FY2024 $24.1M$21.5M$2.6M$47.0M 990 PDF
FY2023 $23.4M$19.1M$4.3M$43.9M 990 PDF
FY2022 $24.5M$18.6M$5.9M$39.0M 990 PDF
FY2021 $27.2M$19.7M$7.5M$33.8M 990 PDF
FY2020 $25.8M$19.7M$6.1M$26.4M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $24,332,001 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $17,193,611$18,394,097
I-9 Program service revenuePrior year $5,195,544$3,859,002
I-10 Investment incomePrior year $1,714,359$1,932,695
I-11 Other revenuePrior year $35,742$146,207
I-12 Total revenuePrior year $24,139,256$24,332,001
I-13 Grants and similar amounts paidPrior year $100,000$100,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $7,956,932$8,629,267
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $13,489,705$11,646,914
I-18 Total expensesPrior year $21,546,637$20,376,181
I-19 Revenue less expensesPrior year $2,592,619$3,955,820
Part VI · Governance 32 of 32 board members independent, no flags
VI-1a Voting members of the governing body32
VI-1b Independent voting members32
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $24,332,001 across 9 lines filed
VIII-1e Government grants$17,438,043
VIII-1f All other contributions, gifts and grants$956,054
VIII-1h Total contributions, gifts and grants$18,394,097
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $3,859,002$3,859,002
VIII-3 Investment incomeExcluded from tax $1,877,055$1,877,055
VIII-6 Net rental income or lossExcluded from tax $80,440$80,440
VIII-7 Net gain or loss on sales of assetsExcluded from tax $55,640$55,640
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $65,767$65,767
VIII-12 Total revenueRelated to mission $3,859,002 · Unrelated business $0 · Excluded from tax $2,078,902$24,332,001
Part IX · Statement of functional expenses $20,376,181 across 17 lines filed
IX-2 Grants to domestic individualsPrograms $100,000$100,000
IX-5 Pay of current officers, directors and key staffManagement $1,416,475$1,416,475
IX-7 Other salaries and wagesPrograms $3,036,382 · Management $1,706,616 · Fundraising $212,421$4,955,419
IX-8 Pension plan contributionsPrograms $280,990 · Management $182,179 · Fundraising $18,601$481,770
IX-9 Other employee benefitsPrograms $651,752 · Management $611,583 · Fundraising $43,382$1,306,717
IX-10 Payroll taxesPrograms $224,992 · Management $229,000 · Fundraising $14,894$468,886
IX-11f Investment management feesManagement $18,469$18,469
IX-11g Other fees for servicesPrograms $1,027,559 · Management $929,611 · Fundraising $54,474$2,011,644
IX-12 Advertising and promotionPrograms $9,696 · Management $9,584 · Fundraising $669$19,949
IX-13 Office expensesPrograms $75,962 · Management $75,088 · Fundraising $5,240$156,290
IX-16 OccupancyPrograms $337,941 · Management $334,053 · Fundraising $23,310$695,304
IX-17 TravelPrograms $462,285 · Management $145,008 · Fundraising $80,459$687,752
IX-19 Conferences, conventions and meetingsPrograms $27,168 · Management $26,855 · Fundraising $1,874$55,897
IX-22 Depreciation, depletion and amortizationPrograms $43,876 · Management $43,372 · Fundraising $3,026$90,274
IX-23 InsurancePrograms $36,878 · Management $36,453 · Fundraising $2,544$75,875
IX-24 Other expenses (24a–d)Programs $7,748,433 · Management $77,703 · Fundraising $5,422$7,831,558
IX-24e All other expensesPrograms $1,898 · Management $1,873 · Fundraising $131$3,902
IX-25 Total functional expensesPrograms $14,065,812 · Management $5,843,922 · Fundraising $466,447$20,376,181
Part X · Balance sheet $62,602,447 assets, 17 lines filed
X-2 Savings and temporary cash investmentsStart of year $8,243,474$9,070,446
X-3 Pledges and grants receivableStart of year $315,418$751,514
X-4 Accounts receivableStart of year $1,377,792$397,065
X-9 Prepaid expenses and deferred chargesStart of year $260,673$270,326
X-10c Land, buildings and equipment, netStart of year $408,802$1,003,735
X-11 Publicly traded securitiesStart of year $2,827,953$3,076,553
X-12 Other securitiesStart of year $40,867,389$45,034,244
X-15 Other assetsStart of year $2,797,238$2,998,564
X-16 Total assetsStart of year $57,098,739$62,602,447
X-17 Accounts payable and accrued expensesStart of year $1,670,666$1,251,696
X-19 Deferred revenueStart of year $5,394,645$6,397,244
X-25 Other liabilitiesStart of year $3,046,967$3,265,504
X-26 Total liabilitiesStart of year $10,112,278$10,914,444
X-27 Net assets without donor restrictionsStart of year $44,407,961$48,902,038
X-28 Net assets with donor restrictionsStart of year $2,578,500$2,785,965
X-32 Total net assets or fund balancesStart of year $46,986,461$51,688,003
X-33 Total liabilities and net assetsStart of year $57,098,739$62,602,447
Part XI · Reconciliation of net assets $51,688,003 net assets at year end
XI-1 Total revenue$24,332,001
XI-2 Total expenses$20,376,181
XI-3 Revenue less expenses$3,955,820
XI-4 Net assets at start of year$46,986,461
XI-5 Net unrealized gains (losses) on investments$745,722
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$51,688,003

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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