Freshwater Society
- Assets
- $5.7m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 13
- Location
- St Paul, MN
- Founding
- 04/2003
- Data as of
- 06/2022
- EIN
- 23-7007115
Organization Overview
Freshwater Society is located in St Paul, MN. The organization was established in 2003. According to its NTEE Classification (U50) the organization is classified as: Biological & Life Sciences, under the broad grouping of Science & Technology and related organizations. As of 06/2022, Freshwater Society employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Freshwater Society 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 06/2022, Freshwater Society generated $1.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $1.6m during the year ending 06/2022. While expenses have increased by 8.4% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATING AND INSPIRING PEOPLE TO VALUE, CONSERVE, AND PROTECT FRESHWATER RESOURCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FRESHWATER SOCIETY IS A MN BASED NONPROFIT ORGANIZATION THAT FOR MORE THAN 50 YEARS HAS WORKED TO EDUCATE AND INSPIRE PEOPLE TO VALUE, CONSERVE, AND PROTECT ALL FRESHWATER RESOURCES. ITS GOALS ARE TO INCREASE THE EDUCATION, AWARENESS, AND STEWARDSHIP OF CITIZENS TO REDUCE NONPOINT POLLUTION OF OUR LAKES, RIVERS, AND STREAMS AND TO INCREASE CONSERVATION BEHAVIOR TO ENSURE SUSTAINABLE WATER RESOURCES FOR GENERATIONS TO COME. IT WORKS TOWARDS ACCOMPLISHING THOSE GOALS BY A BROAD RANGE OF ACTIVITIES AND PROGRAMS DESIGNED TO EDUCATE, INFORM, AND ENGAGE CITIZENS. IT ALSO ADVOCATES FOR STATE AND LOCAL POLICIES THAT OPTIMIZE CONSERVATION, WATER USE EFFICIENCY, WATER RE-USE, AND PREVENTION OF NONPOINT POLLUTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Linc Stine Executive Director | Officer | 40 | $137,056 |
Don Davies Finance Director | Officer | 20 | $56,454 |
Josephine Marcotty Vice Chair | OfficerTrustee | 1 | $0 |
Wade Campbell Secretary | OfficerTrustee | 1 | $0 |
Ryan Godfrey Chair | OfficerTrustee | 1 | $0 |
Dave Leuthe Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $28,733 |
| Fundraising events | $38,434 |
| Related organizations | $0 |
| Government grants | $3,282 |
| All other contributions, gifts, grants, and similar amounts not included above | $723,961 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $794,410 |
| Total Program Service Revenue | $37,285 |
| Investment income | $101,740 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $2,945 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $152,871 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,089,251 |
| 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. | $212,811 |
| Compensation of current officers, directors, key employees. | $3,698 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $589,040 |
| Pension plan accruals and contributions | $18,462 |
| Other employee benefits | $6,865 |
| Payroll taxes | $59,261 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,700 |
| Fees for services: Accounting | $11,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $105,566 |
| Advertising and promotion | $4,064 |
| Office expenses | $39,764 |
| Information technology | $5,331 |
| Royalties | $0 |
| Occupancy | $102,697 |
| Travel | $6,458 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $320,919 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,951 |
| Insurance | $17,719 |
| All other expenses | $0 |
| Total functional expenses | $1,610,017 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,891 |
| Savings and temporary cash investments | $209,780 |
| Pledges and grants receivable | $127,340 |
| Accounts receivable, net | $9,015 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $15,160 |
| Prepaid expenses and deferred charges | $31,463 |
| Net Land, buildings, and equipment | $18,821 |
| Investments—publicly traded securities | $5,291,932 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $14,300 |
| Total assets | $5,721,702 |
| Accounts payable and accrued expenses | $185,377 |
| Grants payable | $0 |
| Deferred revenue | $17,609 |
| 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 | $202,986 |
| Net assets without donor restrictions | $5,156,238 |
| Net assets with donor restrictions | $362,478 |
| 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 | $5,721,702 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Freshwater Society has recieved totaling $340,573.
| Awarding Organization | Amount |
|---|---|
Joyce Foundation Chicago, IL PURPOSE: ENVIRONMENT | $316,835 |
Mightycause Charitable Foundation Marianna, FL PURPOSE: UNRESTRICTED | $16,724 |
Saint Paul & Minnesota Foundation Saint Paul, MN PURPOSE: MULTIPLE GRANTS FOR MULTIPLE PURPOSES | $7,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $14 |
Endowment Analysis
| Beg. Balance | $5,828,718 |
| Earnings | -$513,842 |
| Other Expense | $231,830 |
| Ending Balance | $5,083,046 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Enterprise Laboratories Inc St Paul, MN | $20,128,966 | $3,892,703 |
Freshwater Society St Paul, MN | $5,721,702 | $1,089,251 |
Organization For Human Brain Mapping Inc Roseville, MN | $1,644,281 | $997,465 |
Forward Biolabs Inc Madison, WI | $2,153,879 | $1,288,327 |
Mycological Society Of America The Madison, WI | $2,596,407 | $233,916 |
Wisconsin Turfgrass Association Incorporated Verona, WI | $217,016 | $0 |
Academy Of Clinical Electro Physiology And Wound Mgt Apta Inc La Crosse, WI | $385,391 | $0 |
Wisconsin Technology Innovation Initiative Inc Middleton, WI | $640,559 | $0 |
Diversity Inventory Group Inc Madison, WI | $100,037 | $4,877 |
Sauna Research Institute Minneapolis, MN | $6,520 | $10,000 |