Waterstart FY2024 filing

Not tax-deductible

Las Vegas, NV501(c)(6)Since 2013Community Development EIN 46-4420637Revenue $1.2M in FY2024

On file with the IRSwaterstart.com8400 W Sunset Rd Ste 300, 89113-2386 · Las Vegas, NVTax-exempt since Oct 2014

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Waterstart is a non-profit association of public & private water managers dedicated to the commercialization of technologies to advance water treatment, conservation and sustainability. Through collaboration and the use of best practices, we endeavor to explore water issues as we improve economic diversification and expansion, and workforce development. Waterstart seeks to be the world leader in water technology, concentrating on conservation, resource planning, pumping, treatment, storage, distribution and reuse.

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
$230K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
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
No
Donations are not tax-deductible
Worth a look: the IRS does not list 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
1 of 5
filings with a surplus
Average deficit $119K a year · 18% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Pay to officers and key staff
$230K
to officers and key staff · 19% of spending
Fine: pay to officers and key staff is 19% of spending; 15% to 20%.
Pt VII · Sec A
3 mo
of spending, in cash
Fine: 2.9 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $170K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 10 voting members
Looks good: 9 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.2M
+129% vs prior year
Spent
$1.2M
Net assets
$302K
By yearFY2021–FY2025
Revenue
$1.2M
FY2024▲ +129%
Tap a bar for its year
Revenue by fiscal year
FY2021$554K
FY2022$368K
FY2023$508K
FY2024$1.2M
FY2025$798K
Expenses
$1.2M
FY2024▲ +65%
Tap a bar for its year
Expenses by fiscal year
FY2021$751K
FY2022$512K
FY2023$753K
FY2024$1.2M
FY2025$733K
Net assets
$302K
FY2024▼ -20%
Tap a bar for its year
Net assets by fiscal year
FY2021$767K
FY2022$624K
FY2023$379K
FY2024$302K
FY2025$367K

From the FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 2014.

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

Who runs it and what they're paid

12 people listed on the 990; $230K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Executive Director (thru 12/2023)
$142,121Pt VII · Sec A
Interim Executive Director
$87,500Pt VII · Sec A
Secretary & Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Rebecca Shanahan’s $119K as Executive Director is at the 81st percentile of top reported officer pay among 1709 $100K–1M community development 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 · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Nathan Allen$5,528$142,121$152,587$149,363$76,808
Rebecca Shanahan$119,077$87,500—$87,351—
Danielle Garone$96,958————

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

Commercializes water technologies for treatment, conservation, and sustainability through collaboration.

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Provided by the organization

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3 programs · in their own filed words · FY2023
01

Economic development in the water sector by leveraging and coordinating the expertise and infrastructure of partner organizations to provide water innovation services to water management agencies, technology companies. Running RFPS, publishing & sharing outcomes.

Pt IX · col B
02

Commericalization of water related technologies. Funded the pilot of new water technologies with members. Costs include time and materials for installation and review of projects.

Pt IX · col B
03

Educational and knowledge sharing EVENTS/WEBINARS across the water sector and our member community.

Pt IX · col B

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 · FY2024
Total grants receivedfrom 1 funder$170K
Grants paid · 10 grants · $1.2M · 2020–2024
Wavr Technologies INCFY2024$60,000
Clearwater Strategy LLCFY2024$20,000
Mgm Resorts IntlFY2023$280,131
Water-Gen INCFY2023$168,520
Southern Nevada Water AuthorityFY2023$138,235
Southern Nevada Water AuthorityFY2022$111,765
Riventa USA INCFY2021$11,700
Southern Nevada Water AuthorityFY2020$227,442
Klir INCFY2020$30,000

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.2M
Ln 12
Gifts and grantsLn 1h$749K
Fees for servicesLn 2g$415K
Investment incomeLn 3$65
Money outPt IX
$1.2M
Ln 25
Owns and owesPt X
$302K
net assets · Ln 32
Cash and savingsLn 1–2$302K
Total assetsLn 16$302K
LiabilitiesLn 26$0
PeoplePt VI, VII
12
listed · VII A
PaidVII A2
Voting boardVI 1a10
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$749K
Government grantsLn 1e$400K
Fees for servicesLn 2g$415K
Investment incomeLn 3$65
Total revenueLn 12$1.2M
Assets in detailPt X, end of year
CashLn 1$302K
Cash and savings togetherLn 1–2$302K
Other assetsLn 15$8
Total assetsLn 16$302K
LiabilitiesLn 26$0
Net assetsLn 32$302K
OperationsPt I, VI
EmployeesI 56
VolunteersI 610
Fiscal year endsHeaderJune
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 FY24End FY24
Cash and savingsLn 1–2$379K$302K
Total assetsLn 16$379K$302K
LiabilitiesLn 26$0$0
Net assetsLn 32$379K$302K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$587K
Pay of current officers, directors and key staffLn 5$201K
Other salaries and wagesLn 7$167K
Pension plan contributionsLn 8$7K
Other employee benefitsLn 9$9K
Payroll taxesLn 10$35K
Management feesLn 11a$6K
Legal feesLn 11b$642
Accounting feesLn 11c$35K
Professional fundraising feesLn 11e$4K
Other fees for servicesLn 11g$63K
Advertising and promotionLn 12$26K
Office expensesLn 13$989
Information technologyLn 14$11K
OccupancyLn 16$10K
TravelLn 17$29K
Conferences, conventions and meetingsLn 19$13K
InterestLn 20$740
InsuranceLn 23$6K
Other expenses (24a–d)Ln 24$29K
Total functional expensesLn 25$1.2M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $798K$733K$66K$367K 990 PDF
FY2024 ViewingFiled with the IRS May 15, 2025 $1.2M$1.2M−$77K$302K 990 PDF
FY2023Filed with the IRS May 14, 2024 $508K$753K−$245K$379K 990 PDF
FY2022Filed with the IRS May 12, 2023 $368K$512K−$144K$624K 990 PDF
FY2021Filed with the IRS May 12, 2022 $554K$751K−$197K$767K 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 FY2024 990 (6 parts)
Part I · Summary $1,163,912 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $37,280$748,617
I-9 Program service revenuePrior year $470,829$415,230
I-10 Investment incomePrior year $0$65
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $508,109$1,163,912
I-13 Grants and similar amounts paidPrior year $111,765$586,886
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $431,216$419,572
I-16a Professional fundraising feesPrior year $7,500$4,000
I-17 Other expensesPrior year $202,589$230,202
I-18 Total expensesPrior year $753,070$1,240,660
I-19 Revenue less expensesPrior year −$244,961−$76,748
Part VI · Governance 9 of 10 board members independent, no flags
VI-1a Voting members of the governing body10
VI-1b Independent voting members9
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 $1,163,912 across 6 lines filed
VIII-1d Related organizations$348,376
VIII-1e Government grants$400,241
VIII-1h Total contributions, gifts and grants$748,617
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $415,230$415,230
VIII-3 Investment incomeExcluded from tax $65$65
VIII-12 Total revenueRelated to mission $415,230 · Unrelated business $0 · Excluded from tax $65$1,163,912
Part IX · Statement of functional expenses $1,240,660 across 20 lines filed
IX-1 Grants to domestic organizations$586,886
IX-5 Pay of current officers, directors and key staff$201,198
IX-7 Other salaries and wages$166,588
IX-8 Pension plan contributions$7,385
IX-9 Other employee benefits$9,313
IX-10 Payroll taxes$35,088
IX-11a Management fees$6,000
IX-11b Legal fees$642
IX-11c Accounting fees$34,965
IX-11g Other fees for services$63,076
IX-12 Advertising and promotion$26,369
IX-13 Office expenses$989
IX-14 Information technology$10,728
IX-16 Occupancy$9,731
IX-17 Travel$28,617
IX-19 Conferences, conventions and meetings$13,236
IX-20 Interest$740
IX-23 Insurance$5,771
IX-24 Other expenses (24a–d)$29,338
IX-25 Total functional expenses$1,240,660
Part X · Balance sheet $301,835 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $378,575$301,827
X-15 Other assetsStart of year $8$8
X-16 Total assetsStart of year $378,583$301,835
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $378,583$301,835
X-33 Total liabilities and net assetsStart of year $378,583$301,835
Part XI · Reconciliation of net assets $301,835 net assets at year end
XI-1 Total revenue$1,163,912
XI-2 Total expenses$1,240,660
XI-3 Revenue less expenses−$76,748
XI-4 Net assets at start of year$378,583
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$301,835

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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