Genesis Waters EIN 83-0698492 Form 990 (PDF) Claim this org

Genesis Waters FY2023 filing

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Provides clean water and Christian outreach to global communities lacking both. For fiscal year 2023 it reported $295K in revenue, $362K in expenses, and $116K in net assets.Pt I

Founded
2018
Type
Religious organization · Religion
Location
Grand Rapids, MI
Website
genesiswaters.org
Filings
6 on file (2020–2023)
Revenue
$295KFY2023
Expenses
$362K
Net assets
$116K
People
9
Filings
6
Updates
0
More identity details & actions ⌄
EIN  83-0698492 Religious organization Grand Rapids, MI Founded 2018
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
Provides clean water and Christian outreach to global communities lacking both.
Leadership
Thom Bowyer · Director
Money in and out
$295K revenue, $362K expenses
Bottom line
94% program efficiency
Where the money goes · FY2023
Total revenue
$295K
Pt VIII · Ln 12
Total expenses
$362K
Pt IX · Ln 25
Net assets
$116K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$67K
Where spending went · Part IX cols B–D
Program services $0.94 Management & general $0.03 Fundraising $0.03
Program efficiency
94%
of spending reaches programs
Operating runway
3.7mo
months of highly liquid reserves at operating expense rate
Surplus margin
-23%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$295K
FY2023▼ -18%
Expenses
$362K
FY2023▲ +16%
Total assets
$116K
FY2023▼ -37%
Total liabilities
$0
FY2023
Total revenue
$295K
Pt VIII · Ln 12
Total expenses
$362K
Pt IX · Ln 25
Net assets
$116K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$67K
Total assetsPt X · Ln 16$116K
Program-expense ratioPt IX · col B94%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CGenesis Waters
EINHdr · item D83-0698492
Principal addressHdr · item CGrand Rapids, MI
WebsiteHdr · item Jgenesiswaters.org
Year of formationHdr · item L2018
State of legal domicileHdr · item MMI
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFReligion (X20)
Ruling yearIRS BMFFeb 2019

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b7
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

3 program services account for $314K of program spending, described in the organization's own filed words · FY2023.
01

Genesis waters provided clean water to ove 68,000 people in 2022. This included 44 projects in the countries of kenya, india, nepal, madagascar, and the philippines. 28 of those projects consisted of well drilling and pumping systems. The other projects included filtration, reservoir construction, water take construction, and surveys.

$237Kprogram expense
02

Genesis waters provided 1,950 audio bibles in the local languages to communities throughout kenya, india, nepal, the congo and bangladesh. We assume that each bible will reach approximately 10 people, meaning we will have reached nearly 20,000 people with the christian message.

$45Kprogram expense
03

We provided over 31,000 of financial support to art and mary ellen davis. Well drilling missionaries who are located in northern kenya. These donations were all received from supporters, and used to drill additional wells in kenya using the davis' drilling equipment.

$32Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants100%$295K
Total revenueLn 12$295K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.94 Management & general $0.03 Fundraising $0.03
Program services94%$339K
Management & general3%$10K
Fundraising3%$13K
Total functional expensesLn 25$362K

Balance Sheet

Part X · end of year
CashLn 1$113K
Total assetsLn 16$116K
Total liabilitiesLn 26$0
Total net assetsLn 32$116K
Months of cash on handcomputed3.7

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $113K · Operating expenses/yr $362K
3.7 months
Where the money goes
Program services
Program services $339K · Total expenses $362K
94%
Management & General
Management & general $10K · Total expenses $362K
3%
Fundraising
Fundraising $13K · Total expenses $362K
3%
Cost to raise $1
Fundraising expense (3-yr avg) $7K · Solicited contributions (3-yr avg) $334K
$0.02 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $295K · Total revenue $295K
100%
Government reliance
Government grants — · Total revenue $295K
Earned-income share
Program service revenue $0 · Total revenue $295K
0%
Investment reliance
Investment income $0 · Total revenue $295K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $362K
0%
Growth & trend
Revenue growth (YoY)
This year $295K · Prior year $361K
-18%
Net-asset trend (YoY)
End of year $116K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $295K · Expenses $362K
-23%
Liabilities-to-Assets
Total liabilities — · Total assets $116K
Net-asset ratio
Net assets $116K · Total assets $116K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $116K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Thom Bowyer · Reported title DIRECTOR · Highest reported compensation $0 · Total expenses $362K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $362K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 94%
Overhead ratio 3%
Fundraising cost ratio 4%
Revenue growth -18%
Accounting fee ratio 0.6%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$293K revenue · ⤓ 990 PDF
FY2024$241K revenue · ⤓ 990 PDF
FY2023$295K revenue · viewing · ⤓ 990 PDF
FY2022$361K revenue · ⤓ 990 PDF
FY2021$337K revenue · ⤓ 990 PDF
FY2020$212K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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