For Love Of Water
- Assets
- $2.4m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 9
- Location
- Traverse City, MI
- Founding
- 12/2013
- Data as of
- 09/2023
- EIN
- 45-4370935
Organization Overview
For Love Of Water is located in Traverse City, MI. The organization was established in 2013. 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 09/2023, For Love Of Water employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. For Love Of 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 09/2023, For Love Of Water generated $2.1m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 25.9% each year . All expenses for the organization totaled $719.3k during the year ending 09/2023. While expenses have increased by 14.4% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
ENSURING THE WATERS OF THE GREAT LAKES BASIN ARE HEALTHY, PUBLIC AND PROTECTED FOR ALL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BRING AWARENESS TO ISSUES CONCERNING THE GREAT LAKES BASIN FRESH WATER SUPPLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Liz Kirkwood Executive Di | Officer | 40 | $95,605 |
Gary Appel Director | Trustee | 2 | $0 |
Barbara Brown Director | Trustee | 2 | $0 |
Joanne Cook Director | Trustee | 2 | $0 |
Phil Ellis Director | Trustee | 2 | $0 |
Joel Evenhouse Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,016,281 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,016,281 |
| Total Program Service Revenue | $1,120 |
| Investment income | $39,622 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $7,046 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $174 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,064,243 |
| 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. | $95,605 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $268,672 |
| Pension plan accruals and contributions | $10,259 |
| Other employee benefits | $40,822 |
| Payroll taxes | $28,305 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $179,941 |
| Advertising and promotion | $10,695 |
| Office expenses | $5,003 |
| Information technology | $24,384 |
| Royalties | $0 |
| Occupancy | $35,422 |
| Travel | $4,038 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $770 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,103 |
| All other expenses | $0 |
| Total functional expenses | $719,335 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $391,671 |
| Savings and temporary cash investments | $1,828,604 |
| Pledges and grants receivable | $120,000 |
| Accounts receivable, net | $36,962 |
| 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 | $44,362 |
| Other assets | $2,611 |
| Total assets | $2,424,210 |
| Accounts payable and accrued expenses | $30,833 |
| 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 | $44,976 |
| Other liabilities | $0 |
| Total liabilities | $75,809 |
| Net assets without donor restrictions | $1,917,151 |
| Net assets with donor restrictions | $431,250 |
| 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 | $2,424,210 |