Water Collective Inc in Brooklyn, New York (NY)
Table of contents:
Water Collective Inc | |
Employer Identification Number (EIN) | 452745211 |
Name of Organization | Water Collective Inc |
Address | 209 Quincy St, Brooklyn, NY 11216-1315 |
Subsection | Charitable Organization |
Ruling Date | 10/2012 |
Deductibility | Contributions are deductible |
Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
Organization | Corporation |
Exempt Organization Status | Unconditional Exemption |
Tax Period | 12/2013 |
Assets | $25,000 to $99,999 |
Income | $100,000 to $499,999 |
Filing Requirement | 990 (all other) or 990EZ return |
Asset Amount | $30,595 |
Amount of Income | $112,712 |
Form 990 Revenue Amount | $92,635 |
National Taxonomy of Exempt Entities (NTEE) | Environmental Quality, Protection and Beautification: Water Resource, Wetlands Conservation and Management |
Non-representatives - add comments:
Amount of income in 2013: $112,712 (it was $82,120 in 2012)
This organization: | $112,712 |
Other organizations performing similar types of work: | $74,738 |
Assets in 2013: $30,595 (it was $43,333 in 2012)
Water Collective Inc: | $30,595 |
Other organizations performing similar types of work: | $43,214 |
Expenses in 2013: $83,911
Water Collective Inc: | $83,911 |
Other organizations performing similar types of work: | $59,513 |
Income to expenses ratio in 2013: 1.3
Water Collective Inc: | 1.3 |
Other organizations performing similar types of work: | 0.7 |
Grants share in income in 2013: 66.5%
Water Collective Inc: | 66.5% |
Other organizations performing similar types of work: | 97.5% |
Revenue for 2013
Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||
2012 | 2013 | |
---|---|---|
Total revenue | $77,946 | $92,635 |
Contributions, gifts, grants, and similar amounts received | $74,789 | $61,616 |
Program service revenue including government fees and contracts | $0 | $0 |
Membership dues and assessments | $0 | $0 |
Investment income | $0 | $0 |
Gain/Loss from sale of assets other than inventory | $0 | $0 |
Net income/loss from gaming and fundraising events | $3,157 | $31,019 |
Gross income from gaming | $0 | $0 |
Gross income from fundraising events | $7,331 | $51,097 |
Less: direct expenses from gaming and fundraising events | $4,174 | $20,077 |
Gross profit/loss from sales of inventory | $0 | $0 |
Other revenue | $0 | $0 |
Total expenses | $28,294 | $83,911 |
Total net assets | $13,471 | $22,195 |
Excess/Deficit for the year | $49,652 | $8,724 |
Net assets or fund balances at beginning of year | $-36,181 | $13,471 |
Other changes in net assets or fund balances | $0 | $0 |
Net assets or fund balances at end of year | $68,963 | $22,195 |
Balance Sheets | ||
2012 | 2013 | |
---|---|---|
Total assets | $43,333 | $30,595 |
Total liabilities | $29,862 | $8,400 |
Net assets or fund balances | $13,471 | $22,195 |
Other Information | ||
2012 | 2013 | |
---|---|---|
Did the organization engage in any significant activity not previously reported to the IRS? | No | No |
Were any significant changes made to the organizing or governing documents? | No | No |
Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No |
Has the organization filed a Form 990-T for the year? | No | No |
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No |
Amount of political expenditures, direct or indirect | $0 | $0 |
Did the organization file Form 1120-POL for this year? | No | No |
Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No |
Total amount involved | $0 | $0 |
Initiation fees and capital contributions | $0 | $0 |
Gross receipts for public use of club facilities | $0 | $0 |
Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No |
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No |
Reason for Public Charity Status (for 2013) | |
The organization is not a private foundation because it is: | An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi) |
Number of organizations supported | 0 |
Sum of amounts of support | $0 |
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013) | |
2009 - 2013 Total | |
---|---|
Public Support | $148,340 |
Subtotal Support | $191,340 |
Gifts, grants, contributions, and membership fees received | $191,340 |
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support | $43,000 |
Total Support | $191,340 |
Public Support | $191,340 |
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $0 |
Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
Other income. Do not include gain or loss from the sale of capital assets | $0 |
Gross receipts from related activities, etc. | $0 |
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Organizations performing similar types of work | |||||
Id | Name | Address | State | Established | Total Income |
---|---|---|---|---|---|
1 | Safe Water Network | 122 E 42nd St Fl 21, New York, NY 10168-0002 | NY | 2006-05 | $4,751,989 |
2 | Wetland Trust | 4729 State Route 414, Burdett, NY 14818-9779 | NY | 2009-11 | $398,861 |
3 | Friends Of The Chemung River Watershed | 111 N Main St, Elmira, NY 14901-2921 | NY | 2009-03 | $125,352 |
4 | Time And The Valleys Museum | PO BOX 254, Grahamsville, NY 12740-0254 | NY | 2005-02 | $123,464 |
5 | Water Collective Inc | 209 Quincy St, Brooklyn, NY 11216-1315 | NY | 2012-10 | $112,712 |
6 | Friends Of The Hudson River Greenway In The Bronx Inc | 99 Park Ave Rm 2200 # 2200, New York, NY 10016-1601 | NY | 2011-09 | $79,037 |
7 | Owasco Flats Nature Reserve Inc | 4335 Riley Rd, Moravia, NY 13118 | NY | 2005-01 | $78,230 |
8 | Hudson River Watershed Alliance Inc | Po Box 272, Delmar, NY 12054 | NY | 2012-01 | $76,290 |
9 | Going Coastal Inc | 230 Sackett Street 2l, Brooklyn, NY 11231 | NY | 2003-12 | $62,826 |
10 | Tioughnioga Lake Preservation Foundation Inc | Po Box 476, Deruyter, NY 13052 | NY | 2012-10 | $56,224 |
11 | Urban Divers Marine Conservation & Scientific Diving Inc | 89 Pioneer St Lower Level, Brooklyn, NY 11231-1610 | NY | 2005-12 | $46,312 |
12 | The Great Lakes Experience Inc | Po Box 385, Williamsville, NY 14231-0385 | NY | 2004-05 | $42,569 |
13 | Great Healthy Yard Project Inc | 233 Mt Holly Rd, Katonah, NY 10536-3543 | NY | 2014-08 | $30,730 |
14 | Save The Dunes And Beaches Foundation Inc | C/O Alisa Doctoroff 309 West 91st Street, New York, NY 10024 | NY | 2009-07 | $30,100 |
15 | Terramar Project Inc | 116 E 65th St, New York, NY 10065-7007 | NY | 2013-10 | $24,567 |
16 | Niagara Musky Association Inc | Pmb 733 735 Delaware Road, Buffalo, NY 14223 | NY | 2014-08 | $21,416 |
17 | Sandy Pond Channel Maintenance Association, Spcma | PO BOX 686, Sandy Creek, NY 13145-0686 | NY | 2004-03 | $15,207 |
18 | Sacandaga-Hudson Advisory Council Inc | PO BOX 1, Hadley, NY 12835-0001 | NY | 2005-07 | $11,674 |
19 | Hope Spots Company Inc | 250 West 57th Street, New York, NY 10107-0001 | NY | 2013-03 | $10,000 |
20 | Kirk Lake Watershed Association Inc | Po Box 191, Mahopac Falls, NY 10542 | NY | 2011-08 | $9,797 |
Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Total | 2,302 |
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