Friends Of The Mad River
- Assets
- $528.6k
- Revenue
- $196.1k
- Investments
- $0.0
- Employees
- 3
- Location
- Waitsfield, VT
- Founding
- 02/1998
- Data as of
- 03/2023
- EIN
- 03-0348974
Organization Overview
Friends Of The Mad River is located in Waitsfield, VT. The organization was established in 1998. According to its NTEE Classification (C32) the organization is classified as: Water Resources, Wetlands Conservation & Management, under the broad grouping of Environment and related organizations. As of 03/2023, Friends Of The Mad River employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of The Mad River is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 03/2023, Friends Of The Mad River generated $196.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.8%) each year. All expenses for the organization totaled $182.8k during the year ending 03/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
FRIENDS OF THE MAD RIVER (FMR) IS DEDICATED TO STEWARDING THE MAD RIVER VALLEY'S HEALTHY LAND AND CLEAN WATER FOR OUR COMMUNITY AND FUTURE GENERATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WORKED WITH COMMUNITY MEMBERS AND PARTNERS TO: PLAN FOR A CLIMATE RESILIENT COMMUNITY; "SLOW, SPREAD, AND SINK" STORM RUNOFF; RESTORE RIPARIAN BUFFERS; IMPROVE TRANSPORTATION INFRASTRUCTURE TO REDUCE ENVIRONMENTAL IMPACTS; MONITOR WATER QUALITY AND WATERSHED ECOSYSTEM HEALTH; AND, PROVIDE EDUCATION AND TECHNICAL ASSISTANCE FOR WATERSHED PLANNING, LAND MANAGEMENT, AND COMMUNITY AWARENESS OF WATERSHED ISSUES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matt Williams President | OfficerTrustee | 2 | $0 |
Katie Sullivan Vice President | OfficerTrustee | 2 | $0 |
John Sucosh Norton Treasurer | OfficerTrustee | 2 | $0 |
F Kincaid Perot Secretary | OfficerTrustee | 2 | $0 |
Richard Czaplinski Director | Trustee | 1 | $0 |
Rebecca Diehl Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $26,199 |
| All other contributions, gifts, grants, and similar amounts not included above | $167,860 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $194,059 |
| Total Program Service Revenue | $100 |
| Investment income | $1,975 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $196,134 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $73,753 |
| Compensation of current officers, directors, key employees. | $14,751 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $32,264 |
| Pension plan accruals and contributions | $566 |
| Other employee benefits | $0 |
| Payroll taxes | $7,570 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,930 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $37,261 |
| Advertising and promotion | $1,167 |
| Office expenses | $4,596 |
| Information technology | $3,321 |
| Royalties | $0 |
| Occupancy | $3,900 |
| Travel | $610 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,980 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $363 |
| Insurance | $3,359 |
| All other expenses | $0 |
| Total functional expenses | $182,779 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $145,059 |
| Savings and temporary cash investments | $310,108 |
| Pledges and grants receivable | $23,127 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $666 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $49,660 |
| Total assets | $528,620 |
| Accounts payable and accrued expenses | $18,024 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $18,024 |
| Net assets without donor restrictions | $499,427 |
| Net assets with donor restrictions | $11,169 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $528,620 |