Great Lakes Aquatic Habitat Networkand Fund Inc
- Assets
- $1.2m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 19
- Location
- Petoskey, MI
- Founding
- 01/2007
- Data as of
- 09/2023
- EIN
- 20-5693503
Organization Overview
Great Lakes Aquatic Habitat Networkand Fund Inc, operating under the name Freshwater Future, is located in Petoskey, MI. The organization was established in 2007. According to its NTEE Classification (C30) the organization is classified as: Natural Resources Conservation & Protection, under the broad grouping of Environment and related organizations. As of 09/2023, Freshwater Future employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Freshwater Future 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 09/2023, Freshwater Future generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.9% each year . All expenses for the organization totaled $1.6m during the year ending 09/2023. While expenses have increased by 8.7% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Freshwater Future has awarded 77 individual grants totaling $1,558,637. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO PROMOTE THE PROTECTION AND ENHANCEMENT OF WATER QUALITY AND WATER RESOURCES IN THE GREAT LAKES. FRESHWATER FUTURE BUILDS EFFECTIVE COMMUNITY-BASED INITIATIVES TO PROTECT AND RESTORE THE WATER QUALITY OF THE GREAT LAKES BASIN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED GROUP AND INDIVIDUALIZED ONE-ON-ONE ASSISTANCE TO COMMUNITY-BASED GROUPS THROUGH PROFESSIONAL SUPPORT. ASSISTANCE INCLUDED BUILDING ORGANIZATIONAL SKILLS TO OPERATE NONPROFIT 501(C)(3) ORGANIZATIONS, BUILDING KNOWLEDGE FOR LEGAL COMPLIANCE WITH REPORTING AND ADMINISTRATION, AND PROVIDING EXPERTISE TO BUILD THEIR ISSUE WORK.
THE GRANTS PROGRAM PROVIDES FINANCIAL SUPPORT TO ACTIVITIES THAT ACTIVELY PROMOTE RIVER, LAKE, WETLAND, GROUNDWATER AND DRINKING WATER PROTECTION. FIFTY-ONE GRANTS WERE AWARDED THROUGH FOUR FUNDING PROGRAMS. TYPICAL PROJECTS INCLUDED PROTECTING RIVERS AND WETLANDS, COMMUNICATIONS, AND ENSURING FAMILIES HAD ACCESS TO CLEAN WATER DURING DRINKING WATER SYSTEM EMERGENCIES.
COORDINATED EDUCATION AND OUTREACH ON PUBLIC POLICY ISSUES OF REGIONAL AS WELL AS LOCAL IMPORTANCE TO THE GREAT LAKES. PROVIDED OPPORTUNITIES FOR RESIDENTS TO EDUCATE ELECTED OFFICIALS AND AGENCY STAFF ON NEED FOR WATER AFFORDABILITY PROGRAMS, ENSURING RESOURCE EXTRACTION ACTIVITIES PROTECT WATER NEEDS FOR EQUITABLE DISTRIBUTION OF WATER INFRASTRUCTURE FUNDS AND THE NEED TO PROTECT WATER SYSTEM CUSTOMERS FROM LEAD.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jill Ryan Executive Dir. | Officer | 40 | $109,323 |
Stephanie Smith Chair | OfficerTrustee | 3 | $0 |
Bettina Marshall Director | Trustee | 3 | $0 |
Pam Nyberg Treasurer | OfficerTrustee | 3 | $0 |
Brenda Price Director | Trustee | 3 | $0 |
Dr Robert Letscher Secretary | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $22,424 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,745,150 |
| Noncash contributions included in lines 1a–1f | $1,682 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,767,574 |
| Total Program Service Revenue | $30,896 |
| Investment income | $16,618 |
| 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 | $1,815,088 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $248,412 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $39,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $109,323 |
| Compensation of current officers, directors, key employees. | $729 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $627,528 |
| Pension plan accruals and contributions | $12,561 |
| Other employee benefits | $140,267 |
| Payroll taxes | $58,348 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,381 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $92,921 |
| Advertising and promotion | $4,473 |
| Office expenses | $64,518 |
| Information technology | $11,850 |
| Royalties | $0 |
| Occupancy | $35,540 |
| Travel | $81,444 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,192 |
| Insurance | $9,090 |
| All other expenses | $0 |
| Total functional expenses | $1,582,640 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $500 |
| Savings and temporary cash investments | $1,052,596 |
| Pledges and grants receivable | $65,000 |
| Accounts receivable, net | $1,006 |
| 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 | $18,679 |
| Net Land, buildings, and equipment | $62,597 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $22,553 |
| Total assets | $1,222,931 |
| Accounts payable and accrued expenses | $51,237 |
| Grants payable | $2,000 |
| Deferred revenue | $154,461 |
| 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 | $44,005 |
| Total liabilities | $251,703 |
| Net assets without donor restrictions | $631,250 |
| Net assets with donor restrictions | $339,978 |
| 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 | $1,222,931 |
Grants Awarded
Over the last fiscal year, Great Lakes Aquatic Habitat Networkand Fund Inc has awarded $161,919 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
BLACK AUTONOMY NETWORK COMMUN PURPOSE: Clean drinking water | $9,500 |
DETROIT STRATEGIC FRAMEWORK I PURPOSE: Flood focus | $8,000 |
EVERGREEN COMMUNITY DEVELOPME PURPOSE: Water testing equipment | $12,594 |
MIDSTORY PURPOSE: Tech Assist to Build Comm Capacity | $118,125 |
STERLING WATER STEWARDS PURPOSE: Clean drinking water | $8,000 |
WATER INSECURITY CORRECTION C PURPOSE: Drinking water advocacy | $5,700 |