Southeastern Wisconsin Watersheds Trust Inc
- Assets
- $109.6k
- Revenue
- $243.7k
- Investments
- $0.0
- Employees
- 5
- Location
- Milwaukee, WI
- Founding
- 08/2010
- Data as of
- 12/2021
- EIN
- 27-2718480
Organization Overview
Southeastern Wisconsin Watersheds Trust Inc, operating under the name Sweet Water, is located in Milwaukee, WI. The organization was established in 2010. 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 12/2021, Sweet Water employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sweet Water 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 12/2021, Sweet Water generated $243.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (13.0%) each year. All expenses for the organization totaled $205.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (15.6%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SWEET WATER IS COMMITTED TO RESTORING THE GREATER MILWAUKEE WATERSHEDS TO CONDITIONS THAT ARE HEALTHY FOR SWIMMING AND FISHING. WE BRING DIVERSE PARTNERS TOGETHER AND PROVIDE THE LEADERSHIP AND INNOVATION NECESSARY TO PROTECT AND RESTORE OUR SHARED WATER RESOURCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SUPPORT OF STAFF TIME AND RELATED EXPENSES TO A CORE OF PROJECT PARTNERS IN THE REGION FOR JOINT PROJECTS TO IMPROVE WATER QUALITY AND TO GUIDE NEW WATER QUALITY POLICY INITIATIVES BOTH URBAN AND RURAL.
THIS PROGRAM SUPPORTS SMALL SCALE PROGRAMS PROPOSED BY COMMUNITY AND NEIGHBORHOOD GROUPS INTENDED TO ENCOURAGE GRASSROOTS SWEAT EQUITY EFFORTS TO IMPROVE WATER QUALITY. THE GROUPS HAVE CREATED RAIN GARDENS, PROMOTED RAIN BARREL USE, REMOVED INVASIVE SPECIES FROM RIPARIAN CORRIDORS, AND PROMOTED PET WASTE PICK-UPS. THE PROGRAM IS FUNDED BY GRANTS FROM FOUNDATIONS, CORPORATIONS AND THE METRO MILWAUKEE SEWERAGE DISTRICT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jacob Fincher Executive Director | Officer | 40 | $77,817 |
Alyssa Schmitt Co-Chair | OfficerTrustee | 2 | $0 |
Elizabeth Hellman Vice Chair/treasurer | OfficerTrustee | 2 | $0 |
Benjamin Benninghoff Director | Trustee | 0.5 | $0 |
Brent Brown Director | Trustee | 0.5 | $0 |
Susan Coyle Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $176,425 |
| All other contributions, gifts, grants, and similar amounts not included above | $30,667 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $207,092 |
| Total Program Service Revenue | $36,651 |
| Investment income | $0 |
| 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 | $243,743 |
| 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. | $85,000 |
| Compensation of current officers, directors, key employees. | $12,750 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $57,134 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,710 |
| Payroll taxes | $10,951 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,325 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,982 |
| Advertising and promotion | $0 |
| Office expenses | $6,929 |
| Information technology | $2,692 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $3,191 |
| All other expenses | $0 |
| Total functional expenses | $205,331 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,609 |
| Savings and temporary cash investments | $1,000 |
| Pledges and grants receivable | $91,960 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $109,569 |
| Accounts payable and accrued expenses | $7,218 |
| 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 | $7,218 |
| Net assets without donor restrictions | $102,351 |
| 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 | $109,569 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Southeastern Wisconsin Watersheds Trust Inc has recieved totaling $4,000.
| Awarding Organization | Amount |
|---|---|
The Brookby Foundation Milwaukee, WI PURPOSE: GENERAL SUPPORT | $4,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Friends Of The Detroit River Taylor, MI | $2,929,234 | $4,961,842 |
Superior Watershed Partnership Marquette, MI | $4,349,166 | $4,309,607 |
Association Of Illinois Soil & Water Conservation Districts Springfield, IL | $387,461 | $3,234,520 |
Bond Madison Water Company Pocahontas, IL | $13,786,763 | $2,866,600 |
Trout Unlimited Chanhassen, MN | $885,128 | $2,532,595 |
Living Lands & Waters East Moline, IL | $3,683,421 | $2,325,294 |
Huron River Watershed Council Ann Arbor, MI | $2,844,349 | $2,464,693 |
Grand Traverse Bay Watershed Initiative Inc Traverse City, MI | $737,164 | $2,236,720 |
The Wetlands Initiative Chicago, IL | $10,049,194 | $2,434,760 |
Tip Of The Mitt Watershed Council Petoskey, MI | $4,852,617 | $1,698,728 |
Lakeshore Farm Management Coop Valders, WI | $1,770,762 | $1,460,336 |
Alliance For Water Efficiency Nfp Chicago, IL | $510,612 | $1,181,528 |