Aquifer Inc
We are a mission-driven non-profit organization dedicated to delivering the best health care education through collaborative development and research into innovative, high-impact virtual teaching and learning methods.
Aquifer Inc at a glance
In short: Aquifer Inc gave $95K across 6 grants in 2025 (avg $16K), top state Virginia. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $95,000
- +11.8% vs 2024
- Grants made (2025)
- 6
- +0.0% vs 2024
- Average grant
- $15,833
- +11.8% vs 2024
- Median grant
- $17,500
- Total assets
- $14,666,466
- -2.3% vs 2024
- Primary geography
- Virginia (42% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who Aquifer Inc funds
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2025
The largest 2025 recipient was Alliance for Academic Internal Medicine Inc ($20K). Together the top 6 received $95K.
Grant Size Distribution
30 grants across all recorded years
The most common grant size was under $50K: 30 grants of 30 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 6 itemized grants.
Cities
How Aquifer Inc gives
- Giving held roughly steady from 2022 to 2025 (+12%). Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2025, annual grant giving ranged from $85K (2021) to $95K (2025). In 2025 it made 6 grants totaling $95K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Alliance for Academic Internal Medicine Inc Chantilly, VA | To Advance Medical Education | $20,000 |
| The American Geriatrics Society Inc New York, NY | To Advance Medical Education | $20,000 |
| The Council on Medical Student Education in Pediatrics McLean, VA | To Advance Medical Education | $20,000 |
| International Association of Medical Educators Huntington, WV | To Advance Medical Education | $15,000 |
| Society of Teachers of Family Medicine Leawood, KS | To Advance Medical Education | $10,000 |
| Association of Academic Radiology Warrenville, IL | To Advance Medical Education | $10,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $14,666,466 | $8,159,979 | $7,563,951 | $95,000 | 6 | $216,484 |
| 2024 | $15,006,893 | $8,370,047 | $7,435,199 | $85,000 | 6 | $205,878 |
| 2023 | $14,928,835 | $7,474,455 | $7,309,944 | $85,000 | 6 | $61,177 |
| 2022 | $13,050,685 | $7,225,333 | $6,659,981 | $85,000 | 6 | $7,929 |
| 2021 | $13,713,844 | $7,409,404 | $5,573,244 | $85,000 | 6 | $6,666 |
About Aquifer Inc
Based on IRS filings
Aquifer Inc is a public charity focused on Education, based in Hanover, NH. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $14.7M in total assets. In 2025, it awarded 6 grants totaling $95K. Net investment income was $216K.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Aquifer Inc is led by Leslie Fall MD, Chief Executive Officer on every filing since 2021; 8 of 13 officers listed in 2025 are compensated.
Officers on the 2025 filing
Leslie Fall MD
Chief Executive Officer
On filings since 2021
40 hrs/week
$282K (2021) → $299K (2025)
Blake Darcy
Chair
Director → Director & Chair, 2022
Director & Chair → Chair, 2025
On filings since 2021
1 hr/week
No compensation reported
Stephanie Dewitt
Director of Product 'til
Director of Product → Director of Product 'til, 2025
On filings since 2023
40 hrs/week
$141K (2023) → $153K (2025)
Bruce Morgenstern MD
Director
On filings since 2021
No compensation reported
Charles Prober MD
Director
On filings since 2021
No compensation reported
Susan Fernandes
Director
On filings since 2022
No compensation reported
Craig Davis
Chief Financial Officer
On filings since 2021
40 hrs/week
$152K (2021) → $161K (2025)
Nat Pierson
Senior Data Engineer
Director of Platform Operations → Director of Platform, 2023
Director of Platform → Senior Data Engineer, 2024
On filings since 2021
40 hrs/week
$122K (2021) → $130K (2025)
Shawn Griffin
Product Engineering Manager
It Project Manager → Director of Software Development, 2023
Director of Software Development → Product Engineering Manager, 2025
On filings since 2022
40 hrs/week
$105K (2022) → $138K (2025)
Emily Stewart MD
Chief Curriculum Officer
On filings since 2024
40 hrs/week
$242K (2024) → $237K (2025)
Nick Jones
Lead Developer
On filings since 2024
40 hrs/week
$142K (2024) → $148K (2025)
Vimal Bhatnagar
Chief Operating Officer 'til
New on the 2025 filing
40 hrs/week
$178K (2025)
Stephen Lawe
Treasurer
Director & Treasurer → Treasurer, 2025
On filings since 2021
1 hr/week
No compensation reported
Former officers (8)
- Former: Eileen Olszewski (2021–2024) — Chief Engagement Officer 'til
- Former: Jennifer Archambault (2022–2023) — Chief People Officer
- Former: Tracy Cosker (2023) — Director of Customer Successor
- Former: Bridie Napier MD (2021–2022) — Director of Curricular Operations
- Former: Nancy Tobi (2021–2022) — E-Learning Systems Designer
- Former: Roberto Nicolalde Flores (2021–2022) — Chief Technology Officer
- Former: Jan Jones-Schenk (2021) — Director
- Former: Margaret Mulley (2021) — Director & Chair
Data from IRS Form 990 filings, 2021–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $299K, to Leslie Fall MD (Chief Executive Officer). 8 officers or directors reported compensation on that filing.
Frequently asked questions about Aquifer Inc
How much does Aquifer Inc give each year?
Aquifer Inc gave $95K across 6 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $85K across 6 grants.
What is Aquifer Inc's typical grant size?
Aquifer Inc's median grant in 2025 was $17,500, and its average grant was $15,833, across 6 grants on its 2025 IRS Form 990.
Where does Aquifer Inc give grants?
Aquifer Inc's top state is Virginia, with 42% of the grant dollars itemized on its 2025 IRS Form 990. The next largest states were New York (21%) and West Virginia (16%).
Does Aquifer Inc give general operating support?
Not in 2025: none of the 6 grants with a stated purpose on Aquifer Inc's 2025 IRS Form 990 were described as general or operating support. Recurring purposes include "To Advance Medical Education" (6 grants).
Who are Aquifer Inc's largest grantees?
Aquifer Inc's largest 2025 grantees include Alliance for Academic Internal Medicine Inc ($20,000), The American Geriatrics Society Inc ($20,000) and The Council on Medical Student Education in Pediatrics ($20,000), according to its 2025 IRS Form 990. Together they received 63% of its itemized 2025 grant dollars.
How large is Aquifer Inc?
Aquifer Inc reported $14.7M in total assets on its 2025 IRS Form 990. Its revenue that year was $8.2M.
What is Aquifer Inc?
Aquifer Inc is a public charity focused on Education, based in Hanover, NH. It holds $14.7M in total assets as of 2025.
What is Aquifer Inc's EIN?
Aquifer Inc's EIN (Employer Identification Number) is 20-4755198. IRS Form 990 filing data is available on this page for 2021–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2021 (received by the IRS November 2, 2021)
- Updated Form 990 for fiscal year 2022 (received by the IRS October 31, 2022)
- Updated Form 990 for fiscal year 2023 (received by the IRS October 30, 2023)
- Updated Form 990 for fiscal year 2024 (received by the IRS October 23, 2024)
- Updated Form 990 for fiscal year 2025 (received by the IRS October 29, 2025)
- IRS filings on file for fiscal years 2021–2025
Live grants for the work Aquifer Inc funds
Education Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Aquifer Inc's focus areas in our free grants database
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