Freshwater Life Inc
- Assets
- $124.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 5
- Location
- Palo Alto, CA
- Founding
- Data as of
- 12/2023
- EIN
- 87-3663862
Organization Overview
Freshwater Life Inc is located in Palo Alto, CA. According to its NTEE Classification (D30) the organization is classified as: Wildlife Preservation & Protection, under the broad grouping of Animal-Related and related organizations. As of 12/2023, Freshwater Life Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Freshwater Life Inc 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, Freshwater Life Inc generated $111.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (36.5%) each year. All expenses for the organization totaled $65.9k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (46.0%) per year over the past 2 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF FRESHWATER LIFE IS TO PREVENT SPECIES EXTINCTION BY REMOVING INVASIVE SPECIES.
Describe the Organization's Program Activity:
Part 3
FRESHWATER LIFE WORKED WITH YOSEMITE NATIONAL PARK AND THE US NATIONAL PARK SERVICE TO RESTORE HIGH ELEVATION (ABOVE 10,000 FT) ECOSYSTEMS, BY ERADICATING INVASIVE TROUT. THE RESTORATION OF THESE HISTORICALLY FISHLESS LAKES WILL RESTORE NUTRIENT CYCLING WITHIN THIS ENVIRONMENT. THREATENED AND AT-RISK SPECIES THAT ARE PROTECTED BY THIS INCLUDE THE YELLOW-LEGGED FROG, THE AMERICAN DIPPER, THE LITTLE BROWN BAT, AND THE ROSY FINCH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Dawson Board Chair | 3 | $0 | |
Bernie Tershy Secretary | 3 | $0 | |
Gregg Howald Interim CEO | 10 | $29,244 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $110,536 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $446 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $110,982 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $29,244 |
| Professional fees and other payments to independent contractors | $27,780 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $8,883 |
| Total expenses | $65,907 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $120,595 |
| Other assets | $0 |
| Total assets | $124,727 |
| Total liabilities | $30,152 |
| Net assets or fund balances | $94,575 |