Memphremagog Watershed Association
- Assets
- $77.2k
- Revenue
- $208.8k
- Investments
- $0.0
- Employees
- 2
- Location
- Newport, VT
- Founding
- 10/2009
- Data as of
- 12/2022
- EIN
- 77-0692704
Organization Overview
Memphremagog Watershed Association is located in Newport, VT. The organization was established in 2009. 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 12/2022, Memphremagog Watershed Association employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Memphremagog Watershed Association 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 12/2022, Memphremagog Watershed Association generated $208.8k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 14.4% each year . All expenses for the organization totaled $192.2k during the year ending 12/2022. While expenses have increased by 13.2% per year over the past 3 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
TO PROMOTE PARTICIPATION IN THE CONSERVATION AND IMPROVEMENT OF THE MEMPHREMAGOG WATERSHED, TO MONITOR AND PROTECT QUALITY AND WILDLIFE HABITAT, AND TO PRESERVE THE SCENIC, HISTORIC AND ECOLOGICAL INTEGRITY OF THE WATERSHED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AQUATIC NUISANCE CONTROL GRANT (ANC) - REGIONAL PARTNER - COORDINATE AND OVERSEEE FOR THE STATE GRANT PROGRAM THAT IS DESIGNED TO CONTROL AND REDUCE THE SPREAD OF AQUATIC INVASIVE SPECIES. BENEFITS ALL LAKESHORE RESIDENTS AND USERS OF THE AREA WATERS - ESTIMATED TO BE 300,000 PEOPLE.
SCHOLARSHIP PROGRAM: SCHOLARSHIPS FOR HIGH SCHOOL SENIORS CONTINUING ONTO COLLEGE WITH A SCIENCE OR ENVIRONMENTAL SCIENCE MAJOR. THREE GRANTS AWARDED FOR THE YEAR = 2,250 EDUCATIONAL EVENTS: ON-LINE LEACHATE SYMPOSIUM DIRECT BENEFIT TO OVER 100 IN ATTENDANCE, INDIRECT BENEFIT FROM POSTING RECORDING ON WEBSITE = UNKNOWN
VERMONT FISH & WILDLIFE/GREAT LAKES FISHERIES COMMISSION - RIPARIAN LANDS GRANT/CLYDE RIVER WATERSHED: MAP, ASSESS AND PRIORITIZE RIPARIAN LANDS FOR LAND OWNER LEAD CONSERVATION AND RESTORATION OF BUFFER ZONE. DIRECT LANDOWNER BENEFIT APPROXIMATELY 725, INDIRECT BENEFIT OF ALL LAKE USERS ESTIMATED AT 170,000
WATERSHED UNITED VERMONT (1) ANNUAL OPERATIONAL SUPPORT GRANT: ASSIST VERMONT DEPARTMENT OF ENVIRONMENTAL CONSERVATION STAFF WITH THE UPDATING AND IMPLEEMENTING THE MEMPHREMAGOG TACTICAL BASIN PLAN; (2) MISCELLANEOUS MUNICIPAL STORMWATER IMPROVEMENT GRANTS: IMPLEMENTING STORMWATER PROJECTS IN COMMUNITIES. BENEFIT ALL WATERSHED RESIDENTS AND USERS - 300,000.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Farley Brown Director | Trustee | 1 | $0 |
David Converse Ex Officio | Trustee | 1 | $0 |
Douglas Coutts Director | Trustee | 1 | $0 |
Bryan Dickinson Director | Trustee | 1 | $0 |
Karen Hruby Director | Trustee | 1 | $0 |
Beth Torpey Director | Trustee | 1 | $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 | $27,078 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $27,078 |
| Total Program Service Revenue | $181,564 |
| Investment income | $113 |
| 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 | $208,755 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $64,343 |
| Grants and other assistance to domestic individuals. | $2,250 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $93,944 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $1,998 |
| Advertising and promotion | $0 |
| Office expenses | $593 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,465 |
| 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 | $0 |
| All other expenses | $1,004 |
| Total functional expenses | $192,195 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $66,365 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,869 |
| 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 | $77,234 |
| Accounts payable and accrued expenses | $0 |
| 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 | $18,842 |
| Total liabilities | $18,842 |
| Net assets without donor restrictions | $58,392 |
| 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 | $77,234 |
Grants Awarded
Over the last fiscal year, Memphremagog Watershed Association has awarded $60,826 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
TOWN OF DERBY | | | $21,786 |
TOWN OF BRIGHTON | | | $6,620 |
TOWN OF GLOVER | | | $10,405 |
TOWN OF MORGAN | | | $13,015 |
TOWN OF WESTMORE | | | $9,000 |