Advances water education to understand global challenges and inspire local actions for water.

501(c)(3) charity; gifts are tax-deductible.
60¢ of each $1 spent went to programs.
$177K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2020 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $190K a year · 25% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
60%
of spending
Worth a look: 60% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$177K
to officers and key staff · 17% of spending
Fine: pay to officers and key staff is 17% of spending; 15% to 20%.
Pt VII · Sec A
13 mo
of spending, in cash
Looks good: 13.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $312K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$167K
12% of total assets
Looks good: liabilities are 12% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$743K
Spent
$1.0M
To programs
60%
Net assets
$1.2M
By yearFY2020–FY2024
Revenue
$743K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$743K
FY2021$911K
FY2022$767K
FY2023$639K
FY2024$673K
Expenses
$1.0M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$1.0M
FY2021$823K
FY2022$982K
FY2023$939K
FY2024$924K
Net assets
$1.2M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$1.2M
FY2021$1.3M
FY2022$925K
FY2023$685K
FY2024$450K

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 2004.

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

Where the money goes

60 cents of each dollar spent went to programs.

Program services 60% · $605K Management & general 28% · $287K Fundraising 12% · $123K

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

10 people listed on the 990; $177K paid to officers and key staff.

Part VII, Section A · reportable compensation
$126,000Pt VII · Sec A
Former President and CEO
$50,702Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

John Etgen’s $122K as CEO is at the 91st percentile of top reported officer pay among 1989 $100K–1M 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 · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
John Etgen$122,414$132,878$135,893$133,520$126,000
Dennis Nelson————$50,702

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.

See Project Wet Foundation executive salaries →

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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

Educates people about global water challenges to inspire local action.

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Provided by the organization

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1 program · $605K · in their own filed words · FY2020
01

In a time when water faces many threats and is more important than ever, the project wet foundation inspires local actions and understanding for water, creating a sustainable future. PWF works with partners in over 80 countries and all 50 us states to deliver hands-on lessons about water.

$605Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
See all 4 funders →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$743K
Ln 12
Gifts and grantsLn 1h$350K
Other incomeLn 4–11$209K
Fees for servicesLn 2g$160K
Money outPt IX
$1.0M
Ln 25
Programscol B$605K
Managementcol C$287K
Fundraisingcol D$123K
Owns and owesPt X
$1.2M
net assets · Ln 32
Cash and savingsLn 1–2$1.1M
Total assetsLn 16$1.4M
LiabilitiesLn 26$167K
PeoplePt VI, VII
10
listed · VII A
PaidVII A2
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$350K
Government grantsLn 1e$328K
Fees for servicesLn 2g$160K
Investment incomeLn 3$25K
Other incomeLn 4–11$209K
Gains on assetsLn 7$4K
Total revenueLn 12$743K
Assets in detailPt X, end of year
CashLn 1$165K
SavingsLn 2$958K
Cash and savings togetherLn 1–2$1.1M
Total assetsLn 16$1.4M
LiabilitiesLn 26$167K
Net assetsLn 32$1.2M
OperationsPt I, VI
EmployeesI 513
VolunteersI 68
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 FY20End FY20
Cash and savingsLn 1–2$1.4M$1.1M
Total assetsLn 16$1.6M$1.4M
LiabilitiesLn 26$179K$167K
Net assetsLn 32$1.4M$1.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$177K$125K$37K$14K
Other salaries and wagesLn 7$306K$216K$65K$25K
Pension plan contributionsLn 8$25K$18K$5K$2K
Other employee benefitsLn 9$121K$85K$26K$10K
Payroll taxesLn 10$34K$24K$7K$3K
Legal feesLn 11b$2K$2K
Accounting feesLn 11c$34K$34K
Other fees for servicesLn 11g$148K$76K$9K$63K
OccupancyLn 16$83K$29K$54K
TravelLn 17$4K$2K$193$2K
Conferences, conventions and meetingsLn 19$2K$814$991$190
Other expenses (24a–d)Ln 24$79K$30K$47K$2K
Total functional expensesLn 25$1.0M$605K$287K$123K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Sep 5, 2025 $673K$924K−$251K$450K 990 PDF
FY2023Filed with the IRS Jul 30, 2024 $639K$939K−$299K$685K 990 PDF
FY2022Filed with the IRS Nov 15, 2023 $767K$982K−$214K$925K 990 PDF
FY2021Filed with the IRS Aug 1, 2022 $911K$823K$89K$1.3M 990 PDF
FY2020 ViewingFiled with the IRS Jul 9, 2021 $743K$1.0M−$272K$1.2M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $743,373 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $77,979$349,824
I-9 Program service revenuePrior year $307,333$159,549
I-10 Investment incomePrior year $40,992$25,025
I-11 Other revenuePrior year $328,260$208,975
I-12 Total revenuePrior year $754,564$743,373
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,002,865$663,121
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $464,847$352,398
I-18 Total expensesPrior year $1,467,712$1,015,519
I-19 Revenue less expensesPrior year −$713,148−$272,146
Part VI · Governance 8 of 8 board members independent, no flags
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
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 $743,373 across 9 lines filed
Lines not itemized here account for $196,847 of total revenue; see the IRS return.
VIII-1e Government grants$327,601
VIII-1f All other contributions, gifts and grants$22,223
VIII-1h Total contributions, gifts and grants$349,824
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $159,549$159,549
VIII-3 Investment incomeExcluded from tax $20,684$20,684
VIII-5 RoyaltiesRelated to mission $8,940$8,940
VIII-7 Net gain or loss on sales of assetsExcluded from tax $4,341$4,341
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $3,188$3,188
VIII-12 Total revenueRelated to mission $368,524 · Unrelated business $0 · Excluded from tax $25,025$743,373
Part IX · Statement of functional expenses $1,015,519 across 12 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $124,751 · Management $37,461 · Fundraising $14,490$176,702
IX-7 Other salaries and wagesPrograms $216,346 · Management $64,965 · Fundraising $25,128$306,439
IX-8 Pension plan contributionsPrograms $17,820 · Management $5,351 · Fundraising $2,070$25,241
IX-9 Other employee benefitsPrograms $85,312 · Management $25,620 · Fundraising $9,909$120,841
IX-10 Payroll taxesPrograms $23,843 · Management $7,330 · Fundraising $2,725$33,898
IX-11b Legal feesManagement $1,663$1,663
IX-11c Accounting feesManagement $34,019$34,019
IX-11g Other fees for servicesPrograms $76,036 · Management $9,064 · Fundraising $63,278$148,378
IX-16 OccupancyPrograms $28,837 · Management $53,667$82,504
IX-17 TravelPrograms $1,691 · Management $193 · Fundraising $2,481$4,365
IX-19 Conferences, conventions and meetingsPrograms $814 · Management $991 · Fundraising $190$1,995
IX-24 Other expenses (24a–d)Programs $29,976 · Management $47,154 · Fundraising $2,344$79,474
IX-25 Total functional expensesPrograms $605,426 · Management $287,478 · Fundraising $122,615$1,015,519
Part X · Balance sheet $1,372,623 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $117,131$164,518
X-2 Savings and temporary cash investmentsStart of year $1,238,276$958,490
X-4 Accounts receivableStart of year $26,536$45,587
X-8 Inventories for sale or useStart of year $189,688$181,341
X-9 Prepaid expenses and deferred chargesStart of year $5,637$1,687
X-14 Intangible assets$21,000
X-16 Total assetsStart of year $1,577,268$1,372,623
X-17 Accounts payable and accrued expensesStart of year $15,154$19,051
X-19 Deferred revenueStart of year $140,050$117,834
X-25 Other liabilitiesStart of year $24,014$29,933
X-26 Total liabilitiesStart of year $179,218$166,818
X-27 Net assets without donor restrictionsStart of year $1,398,050$1,205,805
X-32 Total net assets or fund balancesStart of year $1,398,050$1,205,805
X-33 Total liabilities and net assetsStart of year $1,577,268$1,372,623
Part XI · Reconciliation of net assets $1,205,805 net assets at year end
XI-1 Total revenue$743,373
XI-2 Total expenses$1,015,519
XI-3 Revenue less expenses−$272,146
XI-4 Net assets at start of year$1,398,050
XI-5 Net unrealized gains (losses) on investments$79,901
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,205,805

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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