I Am Waters Foundation Inc

EIN: 270375247 501(c)(3)

Houston, TX

Total Revenue
$264,142
Total Expenses
$354,460
Total Assets
$180,519
Net Assets
$177,147
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
TX
Principal Officer
Elena Davis
Phone
7138718431
Tax Period
2017-11-01 to 2018-10-31

I Am Waters Foundation Inc, founded in 2009, is a small nonprofit that reported $264K in total revenue in fiscal year 2017. Revenue fell 48% from the prior year — a significant decline worth monitoring. Expenses of $354K exceeded revenue, resulting in a 34% operating deficit.

Mission

Provide fresh, clean water to the homeless.

Program Service Accomplishments

Program 1
Expenses: $157,941

Water Program: Since its 2010 inception I Am Waters Foundation (IAW) has provided a one of a kind program that provides a bottle of water with a word of Hope, Peace, Dream and Love; Physical and...

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Water Program: Since its 2010 inception I Am Waters Foundation (IAW) has provided a one of a kind program that provides a bottle of water with a word of Hope, Peace, Dream and Love; Physical and Spiritual hydration for America's homeless. A hybrid qualitative and quantitative study was conducted in 2016, "When Water Meets a Higher Need: A Study of an Unprecedented Mission," in order to assess the impact and efficacy of IAW's program. The study is the only literature about the water needs of the domestic homeless. I Am Waters program is the first line of defense against heat related injuries and death over the hottest months of the summer and the word serves as a much needed reminder not to give up hoping for a better day. The ultimate goal is to reintegrate the many hundreds of thousands of homeless back into society and get them working toward a sustainable, domiciled life. I Am Waters Goal has been recognized by the homeless and the our designated service care partners as one of the most crucial program to all homeless people regardless of race, gender, color, or socio-economic background. Water and love are the most basic necessities for a human beings and it is our opinion that a person ultimately thrives or fails by their own choices. Empowering one homeless man, woman, child, veteran or family at a time and the pets that some times accompany them is I Am Waters Dream. There is a lot wrong in the world and I Am Waters and I Am Jobs has set out to do one perfect thing. No one should want for water, inspiration or a job.

Program 2
Expenses: $77,061

When a person is ready, job placement becomes a crucial step to self-sufficiency and ending homelessness. I Am Jobs (IAJ) offers a hot-line (phone number) that is also inscribed on the bottle for the...

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When a person is ready, job placement becomes a crucial step to self-sufficiency and ending homelessness. I Am Jobs (IAJ) offers a hot-line (phone number) that is also inscribed on the bottle for the homeless to call for work. IAJ staff then assesses the individual and enters them in a database where an IAW&IAJ aligns them with a corporate relationship that we have developed in various fields for job opportunities. Everything from Food Service, Hospitality, Labor, and Certified Nurses Assistance.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2017)

Revenue Breakdown

Contributions & Grants $275,196
Program Service Revenue $0
Investment Income $0
Other Revenue $-11,054
TOTAL REVENUE $264,142

Expense Breakdown

Grants Paid $89,183
Salaries & Benefits $148,143
Fundraising Expenses $29,165
Program Expenses $235,002
Other Expenses $117,134
TOTAL EXPENSES $354,460

Year-over-Year Comparison

2017 2016 Change
Revenue $264,142 $509,162 -0.5%
Expenses $354,460 $448,616 -0.2%
Net Income $-90,318 $60,546 -2.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
6
Employees
7
Volunteers
15

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Dorothea Elena Davis Founder/CEO 50.00
Officer Director
$0 $0 $0
Jim Pierce Chairman 1.00
Officer Director
$0 $0 $0
Terri Havens Secretary 1.00
Officer Director
$0 $0 $0
Robert Weylandt Treasurer 1.00
Officer Director
$0 $0 $0
Joseph Benson Board Member 1.00
Director
$0 $0 $0
Dr Andrea Link MD Board Member 1.00
Director
$0 $0 $0
Li Moneypenny Board Member 1.00
Director
$0 $0 $0
Laura Sweeney Board Member 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2018 $264,142 $354,460 $180,519 $-90,318
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