Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2023
Open to Public Inspection
For calendar year 2023, or tax year beginning 01-01-2023 , and ending 12-31-2023
Name of foundation
AGUA FUNDINC
 
Number and street (or P.O. box number if mail is not delivered to street address)1010 WISCONSIN AVENUE NW 550
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
WASHINGTON, DC20007
A Employer identification number

11-3659697
B Telephone number (see instructions)

(202) 342-2482
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$11,724,599J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 3,035,423
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 196,223 195,052  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 13,982
b Gross sales price for all assets on line 6a 7,652,656
7 Capital gain net income (from Part IV, line 2)... 2,139,341
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
8,879 0  
12 Total. Add lines 1 through 11........ 3,254,507 2,334,393  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
9,097 0   9,097
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
4,400 0   4,400
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
640,264 39,608   600,656
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
25,285 1,007   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 14,540 0   14,540
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
33,191 6   33,185
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 726,777 40,621   661,878
25 Contributions, gifts, grants paid....... 3,257,108 3,257,108
26 Total expenses and disbursements. Add lines 24 and 25 3,983,885 40,621   3,918,986
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -729,378
b Net investment income (if negative, enter -0-) 2,293,772
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 1,222,587 682,400 577,964
3 Accounts receivable right arrow12,513
Less: allowance for doubtful accounts right arrow   5,115 12,513 12,513
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 5,029,006 Click to see attachment
List of Attached Documents:
// Content
4,515,828 		5,820,875
c Investments—corporate bonds (attach schedule)....... 2,853,571 Click to see attachment
List of Attached Documents:
// Content
3,366,785 		3,353,277
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans............. 100,000 0 0
13 Investments—other (attach schedule).......... 1,856,082 Click to see attachment
List of Attached Documents:
// Content
1,858,107 		1,959,970
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 11,066,361 10,435,633 11,724,599
Liabilities 17 Accounts payable and accrued expenses.......... 810 64,436
18 Grants payable................. 5,000 40,000
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 5,810 104,436
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 11,060,551 10,331,197
29 Total net assets or fund balances (see instructions)..... 11,060,551 10,331,197
30 Total liabilities and net assets/fund balances (see instructions). 11,066,361 10,435,633
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
11,060,551
2
Enter amount from Part I, line 27a .....................
2
-729,378
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
24
4
Add lines 1, 2, and 3 ..........................
4
10,331,197
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
10,331,197
Form 990-PF (2023)
Form 990-PF (2023)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a PUBLICLY TRADED SECURITY P    
b PUBLICLY TRADED SECURITY P    
c PUBLICLY TRADED SECURITY D    
d CAPITAL GAINS DIVIDENDS P    
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 2,778,671   2,897,356 -118,685
b 2,213,234   2,202,873 10,361
c 2,646,024   413,086 2,232,938
d 14,727     14,727
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       -118,685
b       10,361
c       2,232,938
d       14,727
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 2,139,341
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here right arrow and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 31,883
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 31,883
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 31,883
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 38,356
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 5,000
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 43,356
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 11,473
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow11,473 Refundedright arrow 11 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
Yes
 
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowDC
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructionsClick to see attachment
List of Attached Documents:
// Content
.................
12
Yes
 
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowWWW.AGUAFUND.ORG
14
The books are in care ofright arrowBESSEMER TRUST Telephone no.right arrow (516) 508-9623

Located atright arrow1225 FRANKLIN AVE SUITE 500GARDEN CITYNY ZIP+4right arrow11530
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
Yes
 
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2023? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2023 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2023.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
CATHERINE M CONOVER DIRECTOR
2.00 		0 0 0
C/O AGUA FD 1010 WISCONSIN AVE NW
STE 550
WASHINGTON,DC20007
LINDA LOCKE TREASURER
6.00 		0 0 0
C/O QUERCUS1010 WISCONSIN AVE NW
STE 550
WASHINGTON,DC20007
ANN MILLS PRESIDENT
40.00 		198,281 0 0
C/O AGUA FD 1010 WISCONSIN AVE NW
STE 550
WASHINGTON,DC20007
JOY A HORWITZ ESQ CHAIR & DIRECTOR
2.50 		0 0 0
241 JEFFERSON AVENUE
HADDONFIELD,NJ08033
MEGAN GALLAGHER DIRECTOR
2.50 		0 0 0
3126 HALFWAY ROAD
THE PLAINS,VA20198
MOSHE Z PASTERNAK SECRETARY
40.00 		65,390 0 0
C/O QUERCUS1010 WISCONSIN AVE NW
STE 550
WASHINGTON,DC20007
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
QUERCUS LLC OPERATIONAL & PROFESSIONAL 422,889
C/O 1010 WISCONSIN AVE NW STE 550
WASHINGTON,DC20007
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2023)
Form 990-PF (2023)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
10,937,586
b
Average of monthly cash balances.......................
1b
772,866
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
11,710,452
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
11,710,452
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
175,657
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
11,534,795
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
576,740
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
576,740
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
31,883
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
31,883
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
544,857
4
Recoveries of amounts treated as qualifying distributions................
4
100,000
5
Add lines 3 and 4............................
5
644,857
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
644,857
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
1a
3,918,986
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
3,918,986
Form 990-PF (2023)
Form 990-PF (2023)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2022 		(c)
2022 		(d)
2023
1 Distributable amount for 2023 from Part X, line 7 644,857
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2018...... 2,442,431
b From 2019...... 2,359,039
c From 2020...... 2,611,507
d From 2021...... 2,517,316
e From 2022...... 3,205,479
f Total of lines 3a through e ........ 13,135,772
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 3,918,986
a Applied to 2022, but not more than line 2a 0
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2023 distributable amount..... 644,857
e Remaining amount distributed out of corpus 3,274,129
5 Excess distributions carryover applied to 2023. 0 0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 16,409,901
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		2,442,431
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		13,967,470
10 Analysis of line 9:
a Excess from 2019.... 2,359,039
b Excess from 2020.... 2,611,507
c Excess from 2021.... 2,517,316
d Excess from 2022.... 3,205,479
e Excess from 2023.... 3,274,129
Form 990-PF (2023)
Form 990-PF (2023)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2023, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2023 (b) 2022 (c) 2021 (d) 2020
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
CATHERINE M CONOVER
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2023)
Form 990-PF (2023)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

ALL VOTING IS LOCAL

11 DUPONT CIRCLE NW SUITE 575
WASHINGTON,DC20036 		NONE EXEMPT TO SUPPORT VOTING RIGHTS IN PENNSYLVANIA 32,400

ALLIANCE FOR THE SHENANDOAH VALLEY

PO BOX 674
NEW MARKET,VA22844 		NONE EXEMPT FOR GENERAL SUPPORT 150,000

ANACOSTIA WATERSHED SOCIETY

4302 BALTIMORE AVENUE
BLADENSBURG,MD20710 		NONE EXEMPT FOR GENERAL SUPPORT 10,500

ARIZONA STATE UNIVERSITY

PO BOX 2260
TEMPE,AZ85280 		NONE EXEMPT TO SUPPORT THE SWETTE CENTER 30,000

BARNSTABLE CLEAN WATER COALITION

PO BOX 215
OSTERVILLE,MA026550215 		NONE EXEMPT TO SUPPORT INNOVATIVE SEPTIC SYSTEMS 25,000

BLUE RIDGE AREA FOOD BANK

PO BOX 937 / 96 LAUREL HILL ROAD
VERONA,VA24482 		NONE EXEMPT GENERAL SUPPORT 20,000

CAPITOL HILL VILLAGE

155 E STREET SE
WASHINGTON,DC20003 		NONE EXEMPT TO SUPPORT THE GENDERSON FUND 10,500

CHESAPEAKE BAY JOURNAL

PO BOX 300
MAYO,MD21106 		NONE EXEMPT TO SUPPORT A REPORTING FELLOWSHIP 10,000

CHESAPEAKE BAY TRUST

5225 CONNECTICUT AVENUE NW SUITE
414
WASHINGTON,DC20015 		NONE EXEMPT TO SUPPORT THE REGIONAL CAPACITY BUILDING INITIATIVE AND THE MID-ATLANTIC ENVIRONMENTAL JUSTICE FUND 50,000

CHRIST CHURCH MILLWOOD

PO BOX 153 / 843 BISHOP MEADE ROAD
MILLWOOD,VA22646 		NONE EXEMPT TO SUPPORT THE FOOD PANTRY 17,000

COLORADO WEST LAND TRUST

1006 MAIN STREET
GRAND JUNCTION,CO81501 		NONE EXEMPT FOR GENERAL SUPPORT 31,500

COMMITTEE OF 70

123 SOUTH BROAD STREET SUITE 1800
PHILADELPHIA,PA19109 		NONE EXEMPT FOR GENERAL SUPPORT 31,050

DC APPLESEED

1111 14TH STREET NW SUITE 510
WASHINGTON,DC20005 		NONE EXEMPT FOR GENERAL SUPPORT 31,050

DC ARTS AND HUMANITIES EDUCATION COLLABORATIVE

1001 G STREET NW SUITE 100W
WASHINGTON,DC20001 		NONE EXEMPT FOR GENERAL SUPPORT 16,200

DC CENTRAL KITCHEN

2121 FIRST STREET SW
WASHINGTON,DC20024 		NONE EXEMPT TO SUPPORT MEAL DELIVERY FOR SENIORS 5,000

DC GREENS

810 7TH STREET NE
WASHINGTON,DC20002 		NONE EXEMPT FOR GENERAL SUPPORT 10,800

DC HUNGER SOLUTIONS

1200 18TH STREET NW SUITE 400
WASHINGTON,DC20036 		NONE EXEMPT FOR GENERAL SUPPORT 20,000

DEFENSORES DE LA CUENCA

3013 PARKWAY
CHEVERLY,MD20785 		NONE EXEMPT FOR GENERAL SUPPORT 16,200

DREAMING OUT LOUD

80 M STREET SE C/O WEWORK
WASHINGTON,DC20003 		NONE EXEMPT FOR GENERAL SUPPORT 62,400

EVERYMIND

1000 TWINBROOK PARKWAY
ROCKVILLE,MD20851 		NONE EXEMPT FOR SERVING TOGETHER PROGRAM 20,000

FIRST NATIONS DEVELOPMENT INSTITUTE

2432 MAIN ST 2ND FLOOR
LONGMONT,CO80501 		NONE EXEMPT FOR GENERAL SUPPORT 60,000

FOOD & FRIENDS

219 RIGGS ROAD NE
WASHINGTON,DC20011 		NONE EXEMPT FOR GENERAL SUPPORT 10,000

FOODSHED CAPITAL

101 DEVON ROAD
CHARLOTTESVILLE,VA22903 		NONE EXEMPT FOR GENERAL SUPPORT 30,000

FRIENDS OF ANACOSTIA PARK

600 PENNSYLVANIA AVENUE SE UNIT
15178
WASHINGTON,DC20003 		NONE EXEMPT FOR GENERAL SUPPORT 32,400

FUTURE HARVEST

1114 SHAWAN ROAD SUITE 1
COCKEYSVILLE,MD21030 		NONE EXEMPT CONFERENCE SPONSORSHIP 9,000

HOPI FOUNDATION

PO BOX 301
KYKOTSMOVI,AZ86039 		NONE EXEMPT FOR GENERAL SUPPORT 5,500

INTERTRIBAL AGRICULTURE COUNCIL

PO BOX 958
BILLINGS,MT59103 		NONE EXEMPT FOR GENERAL SUPPORT 52,500

IONA SENIOR SERVICES

4125 ALBEMARLE STREET NW
WASHINGTON,DC20016 		NONE EXEMPT FOR GENERAL SUPPORT 60,000

KINGDOM CARE SENIOR VILLAGE

814 ALABAMA AVE SE
WASHINGTON,DC20032 		NONE EXEMPT FOR GENERAL SUPPORT 10,000

LAWYERS COMMITTEE FOR CIVIL RIGHTS UNDER LAW

1401 NEW YORK AVENUE NW SUITE 400
WASHINGTON,DC20005 		NONE EXEMPT FOR GENERAL SUPPORT 40,000

LEAGUE OF CONSERVATION VOTERS EDUCATION FUND

1920 L STREET NW SUITE 800
WASHINGTON,DC20036 		NONE EXEMPT FOR GENERAL SUPPORT 40,000

LEGAL COUNSEL FOR THE ELDERLY

601 E STREET NW
WASHINGTON,DC20049 		NONE EXEMPT FOR COMMUNICATIONS AND MEDIA OUTREACH 60,000

MA KA HANA KA IKE

PO BOX 968
HANA,HI96713 		NONE EXEMPT FOR GENERAL SUPPORT 30,000

MAKE THE ROAD

PO BOX 73
BRENTWOOD,NY11717 		NONE EXEMPT FOR GENERAL SUPPORT 32,400

MID-ATLANTIC FOOD RESILIENCE AND ACCESS COALITION

9000 RICHMOND HIGHWAY
ALEXANDRIA,VA22309 		NONE EXEMPT FOR GENERAL SUPPORT 40,000

MINORITY AND VETERAN FARMERS OF THE PIEDMONT

PO BOX 192
BRANDY STATION,VA22714 		NONE EXEMPT FOR GENERAL SUPPORT 16,200

NATIONAL CONGRESS OF AMERICAN INDIANS

1516 P ST NW
WASHINGTON,DC20005 		NONE EXEMPT FOR GENERAL SUPPORT 60,000

NATIONAL MARINE SANCTUARY FOUNDATION

8455 COLESVILLE ROAD
SILVER SPRING,MD20910 		NONE EXEMPT FOR SHEARWATER TAGGING AND RESEARCH 25,000

NATIONAL SUSTAINABLE AGRICULTURE COALITION

110 MARYLAND AVENUE NE SUITE 209
WASHINGTON,DC20002 		NONE EXEMPT FOR GENERAL SUPPORT 51,750

NATIONAL WILDLIFE FEDERATION

706 GIDDINGS AVENUE SUITE 2C
ANNAPOLIS,MD21401 		NONE EXEMPT FOR GENERAL SUPPORT FOR THE CHOOSE CLEAN WATER COALITION 110,250

NATIVE AMERICAN VOTING RIGHTS FUND

1506 BROADWAY
BOULDER,CO80302 		NONE EXEMPT FOR GENERAL SUPPORT 73,500

NEW VIRGINIA MAJORITY

3801 MT VERNON AVENUE
ALEXANDRIA,VA22305 		NONE EXEMPT FOR GENERAL SUPPORT 93,500

PENNSYLVANIA VOICE

123 SOUTH BROAD STREET
PHILADELPHIA,PA19109 		NONE EXEMPT FOR GENERAL SUPPORT 54,000

PHOENIX PROJECT

PO BOX 1747
FRONT ROYAL,VA22630 		NONE EXEMPT FOR GENERAL SUPPORT 21,600

PIEDMONT ENVIRONMENTAL COUNCIL

PO BOX 460
WARRENTON,VA22186 		NONE EXEMPT FOR GENERAL SUPPORT 175,000

POLICYLINK

1438 WEBSTER ST STE 303
OAKLAND,CA94612 		NONE EXEMPT CIVIC ENGAGEMENT FOR EQUITABLE WATER INFRASTRUCTURE INVESTMENT 80,000

POTOMAC CONSERVANCY

210 SOUTH BRADDOCK STREET
WINCHESTER,VA22601 		NONE EXEMPT FOR GENERAL SUPPORT 51,750

POTOMAC RIVER KEEPER NETWORK

1615 M STREET NW 2ND FLOOR
WASHINGTON,DC20035 		NONE EXEMPT FOR GENERAL SUPPORT 100,000

PROGRESS VIRGINIA

PO BOX 664
EARLSVILLE,VA22936 		NONE EXEMPT FOR GENERAL SUPPORT 32,400

RAPPAHANNOCK TRIBE

5036 INDIAN NECK RD
INDIAN NECK,VA23148 		NONE EXEMPT TO SUPPORT INDIGENOUS CONSERVATION COUNCIL 10,000

RIVER NETWORK

PO BOX 21387
BOULDER,CO80308 		NONE EXEMPT FOR GENERAL SUPPORT 25,875

SEABURY RESOURCES FOR THE AGING

6031 KANSAS AVENUE NW
WASHINGTON,DC20011 		NONE EXEMPT FOR GENERAL SUPPORT 32,080

SOUTHERN ENVIRONMENTAL LAW CENTER

201 W MAIN STREET SUITE 14
CHARLOTTESVILLE,VA22902 		NONE EXEMPT FOR GENERAL SUPPORT 100,000

THE AGUA DONOR FUND (DONOR ADVISED FUND)

C/O BESSEMER GIVING FUND 100
WOODBRIDGE CENTER DRIVE
WOODBRIDGE,NJ07095 		NONE EXEMPT FOR GENERAL SUPPORT 496,978

THE CENTER FOR MIND-BODY MEDICINE

5225 CONNECTICUT AVE NW STE 414
WASHINGTON,DC20015 		NONE EXEMPT HEALING OUR TROOPS 15,525

THE LAUREL CENTER

PO BOX 14
WINCHESTER,VA22604 		NONE EXEMPT FOR GENERAL SUPPORT 21,600

THE OCEAN FOUNDATION

1320 19TH ST NW
WASHINGTON,DC20036 		NONE EXEMPT TO SUPPORT THE REDESIGNING PLASTICS INITIATIVE 25,875

THRIVE DC

309 E STREET NW
WASHINGTON,DC20001 		NONE EXEMPT FOR GENERAL SUPPORT 15,525

TIDES FOUNDATIONMOVEMENT VOTER FUND

PO BOX 399389
SAN FRANCISCO,CA94139 		NONE EXEMPT FOR GENERAL SUPPORT 45,000

UNIVERSITY OF ARKANSAS

534 W RESEARCH CENTER BOULEVARD
SUITE 219
FAYETTEVILLE,AR72701 		NONE EXEMPT FOR INDIGENOUS FOOD AND AGRICULTURE INITIATIVE 40,000

VA LEAGUE OF CONSERVATION VOTERS EDUCATION FUND

100 WEST FRANKLIN STREET SUITE 102
RICHMOND,VA23220 		NONE EXEMPT FOR GENERAL SUPPORT 20,000

VIRGINIA CONSERVATION NETWORK

409 EAST MAIN STREET SUITE 201
RICHMOND,VA23219 		NONE EXEMPT FOR GENERAL SUPPORT 52,500

VIRGINIA ORGANIZING

703 CONCORD AVENUE
CHARLOTTESVILLE,VA22903 		NONE EXEMPT FOR GENERAL SUPPORT 54,000

VIRGINIA STATE UNIVERSITY

PO BOX 9081
PETERSBURG,VA23806 		NONE EXEMPT TO SUPPORT THE SMALL FARM OUTREACH PROGRAM 30,000

VIRGINIA TECH SOIL HEALTH INITIATIVE

2322 BLUE STONE HILLS DRIVE SUITE
140
HARRISONBURG,VA22801 		NONE EXEMPT TO SUPPORT THE 4 THE SOIL CAMPAIGN 30,000

VIRGINIA UNITED LAND TRUSTS

4022-A HUMMER ROAD
ANNANDALE,VA22003 		NONE EXEMPT FOR GENERAL SUPPORT 32,400

WASHINGTON HOSPITAL CENTER

110 IRVING ST NW EB-101
WASHINGTON,DC20010 		NONE EXEMPT TO SUPPORT MEDSTAR HOUSE CALL PROGRAM 40,000

WE ARE FAMILY

1525 NEWTON STREET NW
WASHINGTON,DC20010 		NONE EXEMPT FOR GENERAL SUPPORT 10,800

WESTERN COLORADO ALLIANCE

PO BOX 1931
GRAND JUNCTION,CO81502 		NONE EXEMPT FOR GENERAL SUPPORT 54,000

WILD VIRGINIA

PO BOX 1065 / 108 FIFTH STREET SE
ROOM 206
CHARLOTTESVILLE,VA22902 		NONE EXEMPT FOR GENERAL SUPPORT 48,600
Total .................................right arrow 3a 3,257,108
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		         
4 Dividends and interest from securities ....     14 196,223  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....     01 8,879  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 13,982  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 219,084 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
219,084
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2023)
Form 990-PF (2023)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
right arrow right arrow
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date Check if self-
employed right arrow		 PTIN
Firm's name SmallBullet
 Firm's EIN SmallBullet
Firm's address SmallBullet


 Phone no.
Form 990-PF (2023)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description
Schedule B
(Form 990)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2023
Name of the organization
AGUA FUNDINC
 
Employer identification number

11-3659697
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ






Form 990-PF




Check if your organization is covered by the General Rule or a Special Rule.  
Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
Special Rules
......... Arrow Bullet $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (2023)
Schedule B (Form 990) (2023) Page 2
Name of organization
AGUA FUNDINC
  		Employer identification number
11-3659697
Part I
Contributors
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
CMC TRUST DTD 31919
 
1010 WISCONSIN AVE NW SUITE 550
 
WASHINGTON, DC20007

$ 1,090,867


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
2
CMC TRUST DTD 31919
 
1010 WISCONSIN AVE NW SUITE 550
 
WASHINGTON, DC20007

$ 1,704,410


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
3
CMC TRUST DTD 31919
 
1010 WISCONSIN AVE NW SUITE 550
 
WASHINGTON, DC20007

$ 240,146


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 3
Name of organization
AGUA FUNDINC
  		Employer identification number

11-3659697
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
1
 4,600 SHARES OF MICROSOFT CORP $ 1,090,867 2023-01-13
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
2
 16,040 SHARES OF ORACLE CORP $ 1,704,410 2023-06-02
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
3
 415 SHARES OF THERMO FISHER SCIENTIFIC $ 240,146 2023-01-13
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 4
Name of organization
AGUA FUNDINC
  		Employer identification number

11-3659697
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (2023)
Additional Data


Software ID:  
Software Version:  

TY 2023 AccountingFeesSchedule
Name:
AGUA FUNDINC
EIN:
11-3659697
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 4,400 0   4,400

TY 2023 InvestmentsCorpBondsSchedule
Name:
AGUA FUNDINC
EIN:
11-3659697
Name of Bond End of Year Book Value End of Year Fair Market Value
20000.00 STARBUCKS CORP 19,975 20,085
32000.00 SYSCO CORPORATION 32,392 33,380
10000.00 GENERAL MOTORS FINL CO 10,344 9,836
30000.00 STRYKER CORP 29,940 28,378
22000.00 JPMORGAN CHASE & CO 21,830 21,372
30000.00 MORGAN STANLEY 29,022 29,167
35000.00 LABORATORY CORP OF AMER 31,313 32,332
30000.00 COMCAST CORP 29,671 30,156
33000.00 SOUTHERN CAL EDISON 33,062 34,409
35000.00 L3HARRIS TECH INC 34,714 35,736
30000.00 AMERICAN EXPRESS CO 30,045 30,603
18000.00 GENERAL MOTORS FINL CO 18,730 17,745
35000.00 HCA INC 34,134 35,178
10000.00 TOYOTA MOTOR CREDIT CORP 10,125 10,158
15000.00 D.R. HORTON INC 14,956 13,356
30000.00 SOUTHWEST AIRLINES CO 29,862 30,138
25000.00 AUTOZONE INC 24,975 24,862
15000.00 TOYOTA MOTOR CREDIT CORP 14,986 14,769
35000.00 CAPITAL ONE FINANCIAL CO 35,000 35,905
15000.00 GOLDMAN SACHS GROUP INC 15,000 14,988
30000.00 BLACKROCK INC 29,733 25,079
30000.00 MCDONALD'S CORP 29,863 29,160
18000.00 CIGNA CORP 15,881 16,685
30000.00 GENERAL DYNAMICS CORP 30,547 29,483
25000.00 ZOETIS INC 24,981 25,209
35000.00 SOUTHERN CO GAS CAPITAL 34,962 36,788
30000.00 PUBLIC STORAGE 30,002 26,981
30000.00 CHARLES SCHWAB CORP 30,120 26,713
30000.00 AIR LEASE CORP 29,724 30,787
30000.00 ABBVIE INC 30,299 29,470
30000.00 PAYPAL HOLDINGS INC 25,705 27,476
40000.00 CITIGROUP INC 39,237 38,134
21000.00 JPMORGAN CHASE & CO 21,138 18,618
29000.00 DUPONT DE NEMOURS INC 30,718 28,818
35000.00 PNC FINANCIAL SERVICES 34,292 34,774
10000.00 AMAZON.COM INC 9,998 9,003
30000.00 US BANCORP 30,000 23,496
30000.00 MOODY'S CORPORATION 29,955 29,216
21000.00 SHERWIN-WILLIAMS CO 21,859 20,445
35000.00 WARNERMEDIA HOLDINGS INC 30,479 32,020
30000.00 SUMITOMO MITSUI FINL GRP 30,014 28,444
30000.00 ROYAL BANK OF CANADA 29,988 29,415
35000.00 PFIZER INVESTMENT ENTER 34,958 35,006
53000.00 US TREASURY BONDS 47,927 53,720
85139.74 TSY INFL IX N/B 80,152 82,973
220000.00 US TREASURY N/B 219,038 221,065
46000.00 US TREASURY NOTES 45,574 46,693
11000.00 US TREASURY NOTES 11,284 10,676
64000.00 US TREASURY NOTES 63,573 61,645
35000.00 US TREASURY NOTES 30,617 31,264
81000.00 US TREASURY N/B 84,052 82,379
12000.00 US TREASURY NOTES 12,049 11,730
38000.00 US TREASURY N/B 40,136 33,116
9000.00 US TREASURY NOTES 9,683 8,477
321000.00 US TREASURY NOTES 306,848 308,260
167000.00 US TREASURY NOTES 167,975 166,765
130000.00 US TREASURY NOTES 127,658 130,771
116000.00 US TREASURY NOTES 115,397 115,836
76000.00 US TREASURY NOTES 77,870 76,261
30000.00 US TREASURY N/B 25,515 25,804
159000.00 US TREASURY NOTES 158,004 155,472
59000.00 US TREASURY NOTES 55,697 56,905
79000.00 US TREASURY N/B 78,265 75,179
111000.00 US TREASURY N/B 89,255 88,591
29000.00 US TREASURY N/B 29,450 30,273
65000.00 US TREASURY N/B 64,101 67,792
275000.00 US TREASURY NOTES 272,136 277,857

TY 2023 InvestmentsCorpStockSchedule
Name:
AGUA FUNDINC
EIN:
11-3659697
Name of Stock End of Year Book Value End of Year Fair Market Value
250.00 TAKE-2 INTERACTIVE 31,466 40,237
610.00 ALPHABET INC CLASS C 39,636 85,967
700.00 ALPHABET INC. CLASS A 19,029 97,783
135.00 META PLATFORMS INC 24,283 47,784
100.00 LOWES COS INC 20,887 22,255
185.00 HILTON WORLDWIDE HOLDINGS 19,372 33,686
159.00 DOLLARAMA INC 5,719 11,493
564.00 AMAZON.COM INC 15,660 85,694
195.00 BATH & BODY WORKS INC 8,461 8,416
66.00 EXPEDIA GROUP INC 7,916 10,018
19.00 MERCADOLIBRE INC 22,307 29,859
227.00 US FOODS HOLDING CORP 6,182 10,308
38.00 COSTCO WHSL CORP NEW 18,837 25,083
890.00 ISHARES MSCI ACWI INDX FD 90,172 90,575
170.00 BLACKSTONE INC 8,617 22,256
60.00 AON PLC 14,905 17,461
25.00 WEX INC 4,366 4,863
360.00 VISA INC 35,755 93,726
165.00 NASDAQ INC. 6,035 9,593
315.00 JPMORGAN CHASE & CO 47,697 53,581
425.00 BROOKFIELD CORPORATION 16,063 17,051
69.00 S&P GLOBAL INC. 18,844 30,395
87.00 STERIS PLC 13,895 19,126
235.00 CENCORA INC 39,648 48,264
20.00 TELEFLEX INC 5,400 4,986
50.00 AVANTOR INC 1,035 1,141
69.00 THERMO FISHER SCIENTIFIC 23,359 36,624
215.00 HEALTH CARE SELECT SPDR 28,336 29,321
165.00 IQVIA HOLDINGS INC 27,047 38,177
146.00 DANAHER CORP 20,115 33,775
31.00 COOPER COS INC 8,883 11,731
125.00 UNITEDHEALTH GROUP INC 39,709 65,808
160.00 CANADIAN PACIFIC KANSAS CI 12,054 12,698
760.00 COPART INC 20,917 37,240
49.00 EQUIFAX INC 8,076 12,117
36.00 CARLISLE COS 7,330 11,247
58.00 SMITH A O CORP 2,756 4,781
30.00 LINCOLN ELEC HLDG 4,034 6,523
775.00 HOWMET AEROSPACE INC 28,708 41,943
190.00 WILLSCOT MOBILE MINI HOLDI 8,692 8,455
95.00 EATON CORP PLC 14,258 22,877
485.00 TRANSUNION 31,395 33,324
615.00 APPLE INC 14,875 118,405
48.00 CDW CORP/DE 5,678 10,911
12.00 SYNOPSYS INC 1,028 6,178
30.00 NICE LTD ADR 4,704 5,985
383.00 MICROSOFT CORP 34,130 144,023
390.00 ORACLE CORP 32,848 41,117
130.00 NVIDIA CORP 31,630 64,378
52.00 ASML HOLDING 25,212 39,170
27.00 SERVICENOW INC 4,768 19,075
420.00 MARVELL TECHNOLOGY INC 24,802 25,330
95.00 MOTOROLA SOLUTIONS INC 23,793 29,743
16.00 ASM INTERNATIONAL NV 4,871 8,308
105.00 SHERWIN-WILLIAMS CO 25,148 32,749
95.00 VULCAN MATERIALS 16,711 21,565
110.00 PROLOGIS INC 14,042 14,663
66936.27 OW SMALL & MIDCAP STRAT FD 1,010,995 1,032,826
335.00 AMEREN CORP 23,349 24,233
246.00 META PLATFORMS INC 56,437 87,074
955.00 ALPHABET INC CLASS C 130,201 134,588
335.00 LOWES COS INC 71,210 74,554
29.00 CHIPOTLE MEXICAN GRILL 47,489 66,321
73.00 O'REILLY AUTO INC NEW 53,892 69,355
390.00 AMAZON.COM INC 53,539 59,256
260.00 DIAGEO PLC 11,434 9,456
145.00 COSTCO WHSL CORP NEW 79,776 95,711
1375.00 ISHARES MSCI ACWI INDX FD 139,311 139,933
700.00 ISHARES MSCI JAPAN INDX 44,206 44,898
825.00 HDFC BANK LTD ADR REPS3 50,939 55,365
320.00 GALLAGER ARTHUR J & CO 56,927 71,961
670.00 JPMORGAN CHASE & CO 92,099 113,967
405.00 BLACKSTONE INC 44,086 53,022
700.00 LONDON STOCK EXCHANGE 71,454 82,672
135.00 S&P GLOBAL INC. 52,047 59,470
3785.00 ING GROEP NV 52,819 56,571
490.00 FISERV INC 51,003 65,091
216.00 MASTERCARD CL A 75,459 92,126
111.00 UNITEDHEALTH GROUP INC 56,706 58,438
66.00 VERALTO CORP 6,388 5,429
106.00 THERMO FISHER SCIENTIFIC 59,791 56,263
435.00 CENCORA INC 64,673 89,340
520.00 ASTRAZENECA PLC 67,482 70,195
80.00 DANAHER CORP 18,313 18,507
275.00 CSL 54,212 53,718
350.00 AIRBUS SE 40,213 54,059
76.00 UNITED RENTALS INC 28,039 43,579
250.00 QUANTA SERVICES INC 32,295 53,950
360.00 CANADIAN PACIFIC KANSAS CI 27,014 28,571
1015.00 APPLE INC 169,055 195,417
140.00 NVIDIA CORP 36,125 69,330
210.00 CADENCE DESIGN SYSTEMS INC 34,249 57,197
970.00 ORACLE CORP 73,115 102,267
95.00 ASML HOLDING 62,713 71,561
117.00 PALO ALTO NETWORKS INC 23,206 34,500
517.00 MICROSOFT CORP 150,755 194,412
340.00 JABIL INC 42,875 43,316
165.00 LINDE PLC 53,380 67,767
170.00 FREEPORT-MCMORAN INC. 7,071 7,236
100.00 S&P 500 DEP RCPTS 47,390 47,531

TY 2023 InvestmentsOtherSchedule2
Name:
AGUA FUNDINC
EIN:
11-3659697
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
44839.82 VANGUARD BAILLIE GIFFORD G AT COST 1,000,000 837,607
13506.21 IMPAX FUNDS SERIES TRUST I AT COST 250,000 306,591
4897.16 PARNASSUS CORE EQUITY FD-I AT COST 250,000 270,617
IROQUOIS VALLEY FARMLAND REIT AT COST 358,107 545,155

TY 2023 LegalFeesSchedule
Name:
AGUA FUNDINC
EIN:
11-3659697
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 9,097 0   9,097


TY 2023 OtherExpensesSchedule
Name:
AGUA FUNDINC
EIN:
11-3659697
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ASSOCIATION & AFFINITY DUES 21,200 0   21,200
EDUCATION/MEMBERSHIP 375 0   375
MEALS & ENTERTAINMENT 707 0   707
OFFICE EXPENSE 1,335 0   1,335
BOARD EXPENSE 1,244 0   1,244
TELEPHONE/INTERNET 2,162 0   2,162
DIVIDEND INVESTMENT EXPENSE 6 6   0
BOOKS & SUBSCRIPTION 5,886 0   5,886
COMMUNICATION EXPENSE 276 0   276


TY 2023 OtherIncomeSchedule2
Name:
AGUA FUNDINC
EIN:
11-3659697
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
FEDERAL EXCISE TAX REFUND 8,879 0 8,879


TY 2023 OtherIncreasesSchedule
Name:
AGUA FUNDINC
EIN:
11-3659697
Description Amount
TRUNCATION 24


TY 2023 OtherProfessionalFeesSchedule
Name:
AGUA FUNDINC
EIN:
11-3659697
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INSURANCE FEES 1,927 0   1,927
INVESTMENT FEES 39,608 39,608   0
PROFESSIONAL FEES 598,729 0   598,729


TY 2023 TaxesSchedule
Name:
AGUA FUNDINC
EIN:
11-3659697
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
EXCISE TAXES PAID 24,000 0   0
FOREIGN TAXES PAID 1,007 1,007   0
FOREIGN TAX WITHHELD IN EXCESS 278 0   0