Wetlands Preservation Foundation
- Assets
- $25.9m
- Revenue
- $23.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Stockton, CA
- Founding
- 06/2017
- Data as of
- 12/2023
- EIN
- 81-3536718
Organization Overview
Wetlands Preservation Foundation is located in Stockton, CA. The organization was established in 2017. According to its NTEE Classification (T23) the organization is classified as: Private Operating Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wetlands Preservation Foundation 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 12/2023, Wetlands Preservation Foundation generated $23.1m in total revenue. All expenses for the organization totaled $8.8m during the year ending 12/2023. While expenses have increased by 38.0% 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROVIDES SUSTAINABLE RESTORATION OF WETLAND HABITATS AND WILDLIFE-FRIENDLY AGRICULTURAL PRACTICES IN THE SAN JOAQUIN DELTA FOR THE BENEFIT OF LOCAL MIGRATORY WILDLIFE SPECIES.THE FOUNDATION PAYS ALL OF THE MAINTENANCE/DEVELOPMENT EXPENSE ARISING FROM YEAR-ROUND OPERATION OF 750 ACRES OF WETLANDS DIVIDED INTO 27 INDIVIDUAL MARSHES;17 NESTING AREAS; 15 AGRICULTURAL FEEDING GROUNDS; 54 NESTING BOXES; 6 MILES OF IRRIGATION PIPELINES; 27 WATER INLETS; 4 IRRIGATION DIVERSION STRUCTURES; 27 DRAINAGE STRUCTURES; 4 DRAINAGE PUMPS; 2 IRRIGATION PUMPS; AND 1,400 TREES. EXPENSES FOR 2023 TOTAL $1,243,976. EXPENSES ARE AS FOLLOWS: SALARIES AND WAGES $289,712PROPERTY TAXES 81,789EQUIPMENT REPAIRS AND MAINTENANCE 115,893EDUCATION 7,243RECLAMATION DISTRICT FEES 49,755REPAIRS & MAINTENANCE 63,508SEEDS & HABITAT 105,355SHOP SUPPLIES 23,015UTILITIES - PUMPING AND POWER 181,363INSURANCE 15,215LICENSES AND FEES 306DEPRECIATION 310,822 --------- $1,243,976 =========
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brady Whitlow President & CEO | 1 | $0 | |
Donald Lenz Secretary | 1 | $0 | |
Trevor Carlson Director/mgr | 40 | $77,000 | |
Gino Cortopassi Director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Downey Brand Llp | 12/30/20 | $56,008 |
Keker Van Nest & Peters Llp | 12/30/20 | $1,648,876 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $15,336,600 |
| Interest on Savings | $30,694 |
| Dividends & Interest | $166,505 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $7,581,085 |
| Total Revenue | $23,114,884 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $77,000 |
| Other employee salaries and wages | $429,951 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $81,789 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $8,172,498 |
| Total operating and administrative expenses | $8,821,684 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $8,821,684 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $199,247 |
| Savings and temporary cash investments | $22,592,977 |
| Net Accounts receivable | $55,865 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $1,755,838 |
| Other assets | $1,288,957 |
| Total assets | $25,892,884 |
| Accounts payable and accrued expenses | $8,719 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $8,719 |