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Live Water Co FY2021 filing

Tax-deductible

Annapolis, MD501(c)(3)Recreation & Sports EIN 81-4489713Revenue $66K in FY2021

On file with the IRSlivewaterfoundation.orgPo Box 404, 21404-0404 · Annapolis, MDTax-exempt since May 2020Publicly supported charity — 170(b)(1)(A)(vi)

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To inspire and empower the people and organizations by facilitating watersports programs that improve health, wellness and environment of communities.

501(c)(3) charity; gifts are tax-deductible.
54¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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
4 of 5
filings with a surplus
Average surplus $10K a year · 15% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
54%
of spending
Worth a look: 54% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
11 mo
of spending, in cash
Looks good: 10.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $61
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
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$66K
+187% vs prior year
Spent
$51K
To programs
54%
Net assets
$46K
By yearFY2020–FY2024
Revenue
$66K
FY2021▲ +187%
Tap a bar for its year
Revenue by fiscal year
FY2020$23K
FY2021$66K
FY2022$153K
FY2023$69K
FY2024$21K
Expenses
$51K
FY2021▲ +474%
Tap a bar for its year
Expenses by fiscal year
FY2020$9K
FY2021$51K
FY2022$126K
FY2023$66K
FY2024$30K
Net assets
$46K
FY2021▲ +48%
Tap a bar for its year
Net assets by fiscal year
FY2020$31K
FY2021$46K
FY2022$73K
FY2023$76K
FY2024$66K

From the FY2021 Form 990 · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Exemption reinstated (2019-05-15). Per the IRS revocation list. Latest filing on record: FY2024. IRS ruling in May 2020.

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

Where the money goes

54 cents of each dollar spent went to programs.

Program services 54% · $28K Management & general 43% · $22K Fundraising 3% · $2K

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

4 people listed on the 990.

Part VII, Section A · reportable compensation
Mary Howser
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
Brian Meyer
President
$0Pt VII · Sec A
Mark Sanfacon
Secretary
$0Pt VII · Sec A
See Live Water Co 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 15aNo

Programs and updates

Facilitates watersports programs to improve community health, wellness, and environment.

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Provided by the organization

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1 program · $18K · in their own filed words · FY2021
01

To inspire and empower the people and organizations by facilitating watersports programs that improve health, wellness and environment of communities.

$18Kprogram 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 · FY2023
Amazonsmile FoundationFY2023$61
Total grants receivedfrom 1 funder$61

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$66K
Ln 12
Fees for servicesLn 2g$66K
Money outPt IX
$51K
Ln 25
Programscol B$28K
Managementcol C$22K
Fundraisingcol D$2K
Owns and owesPt X
$46K
net assets · Ln 32
Cash and savingsLn 1–2$46K
Total assetsLn 16$46K
LiabilitiesLn 26$0
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$66K
Total revenueLn 12$66K
Assets in detailPt X, end of year
CashLn 1$46K
Cash and savings togetherLn 1–2$46K
Total assetsLn 16$46K
LiabilitiesLn 26$0
Net assetsLn 32$46K
OperationsPt I, VI
EmployeesI 50
VolunteersI 635
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$31K$46K
Total assetsLn 16$31K$46K
LiabilitiesLn 26$0$0
Net assetsLn 32$31K$46K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$775$775
Other fees for servicesLn 11g$7K$7K
Advertising and promotionLn 12$4K$4K
Office expensesLn 13$1K$1K
Depreciation, depletion and amortizationLn 22$10K$10K
InsuranceLn 23$6K$6K
Other expenses (24a–d)Ln 24$17K$8K$9K
All other expensesLn 24e$6K$3K$1K$2K
Total functional expensesLn 25$51K$28K$22K$2K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $21K$30K−$10K$66K 990 PDF
FY2023 $69K$66K$3K$76K 990 PDF
FY2022 $153K$126K$27K$73K 990 PDF
FY2021 Viewing $66K$51K$15K$46K 990 PDF
FY2020 $23K$9K$14K$31K 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 FY2021 990 (6 parts)
Part I · Summary $66,086 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $23,024$66,086
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $23,024$66,086
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $8,891$51,052
I-18 Total expensesPrior year $8,891$51,052
I-19 Revenue less expensesPrior year $14,133$15,034
Part VI · Governance 13 of 13 board members independent, 4 to look at
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $66,086 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $66,086$66,086
VIII-12 Total revenueRelated to mission $66,086$66,086
Part IX · Statement of functional expenses $51,052 across 8 lines filed
IX-11c Accounting feesPrograms $775$775
IX-11g Other fees for servicesPrograms $6,610$6,610
IX-12 Advertising and promotionManagement $4,387$4,387
IX-13 Office expensesManagement $1,260$1,260
IX-22 Depreciation, depletion and amortizationPrograms $9,500$9,500
IX-23 InsuranceManagement $5,782$5,782
IX-24 Other expenses (24a–d)Programs $7,837 · Management $9,306$17,143
IX-24e All other expensesPrograms $2,828 · Management $1,218 · Fundraising $1,549$5,595
IX-25 Total functional expensesPrograms $27,550 · Management $21,953 · Fundraising $1,549$51,052
Part X · Balance sheet $46,396 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $31,192$46,226
X-4 Accounts receivableStart of year $170$170
X-16 Total assetsStart of year $31,362$46,396
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $31,362$46,396
X-32 Total net assets or fund balancesStart of year $31,362$46,396
X-33 Total liabilities and net assetsStart of year $31,362$46,396
Part XI · Reconciliation of net assets $46,396 net assets at year end
XI-1 Total revenue$66,086
XI-2 Total expenses$51,052
XI-3 Revenue less expenses$15,034
XI-4 Net assets at start of year$31,362
XI-10 Net assets at end of year$46,396

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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