Project Wet Foundation
- Assets
- $811.2k
- Revenue
- $639.0k
- Investments
- $0.0
- Employees
- 7
- Location
- Bozeman, MT
- Founding
- 07/2004
- Data as of
- 12/2023
- EIN
- 20-0281441
Organization Overview
Project Wet Foundation is located in Bozeman, MT. The organization was established in 2004. 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 12/2023, Project Wet Foundation employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Project Wet Foundation 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 12/2023, Project Wet Foundation generated $639.0k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (2.9%) each year. All expenses for the organization totaled $938.5k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (4.3%) per year over the past 9 years. 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
ADVANCES WATER EDUCATION TO UNDERSTAND GLOBAL CHALLENGES AND INSPIRE LOCAL ACTIONS FOR WATER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AT A TIME WHEN WATER RESOURCES AND CRITICAL INFRASTRUCTURE FACE MANY THREATS AROUND THE WORLD, THE PROJECT WET FOUNDATION INSPIRES LOCAL ACTION THAT SUPPORTS WATER ACCESS AND UNDERSTANDING OF RESPONSIBLE WATER STEWARDSHIP, ENCOURAGING A SUSTAINABLE FUTURE. THE PROJECT WET FOUNDATION WORKS WITH PARTNERS IN MORE THAN 80 COUNTRIES AND ALL 50 U.S. STATES AND TERRITORIES TO DELIVER HANDS-ON EDUCATION ABOUT WATER. THROUGH THIS NETWORK, THE ORGANIZATION TRAINS THOUSANDS OF EDUCATORS, CORPORATE EMPLOYEES, PARENTS, AND COMMUNITY MEMBERS, ANNUALLY REACHING AND INSPIRING ACTION BY MORE THAN 2.5 MILLION PEOPLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David M Dal Pos Board Secretary | OfficerTrustee | 2 | $0 |
Monica Kilpatrick Board Treasurer | OfficerTrustee | 1 | $0 |
Edna Primrose Board President | OfficerTrustee | 2.5 | $0 |
Jashell Mitchell Board Vice President | OfficerTrustee | 0.5 | $0 |
Daniel Benitez Board Member | Trustee | 1 | $0 |
Will Sarni Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $12,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $69,047 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $81,047 |
| Total Program Service Revenue | $314,913 |
| Investment income | $20,746 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $5,000 |
| Net Rental Income | $4,000 |
| Net Gain/Loss on Asset Sales | $21,054 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $191,497 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $639,047 |
| 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. | $132,877 |
| Compensation of current officers, directors, key employees. | $34,686 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $312,329 |
| Pension plan accruals and contributions | $27,230 |
| Other employee benefits | $106,710 |
| Payroll taxes | $33,913 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $48,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $72,873 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $39,199 |
| Travel | $10,008 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $40,672 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,200 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $938,533 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $41,141 |
| Savings and temporary cash investments | $623,175 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $49,021 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $71,300 |
| Prepaid expenses and deferred charges | $10,207 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $16,397 |
| Other assets | $0 |
| Total assets | $811,241 |
| Accounts payable and accrued expenses | $23,598 |
| Grants payable | $0 |
| Deferred revenue | $33,790 |
| 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 | $68,533 |
| Total liabilities | $125,921 |
| Net assets without donor restrictions | $685,320 |
| Net assets with donor restrictions | $0 |
| 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 | $811,241 |