Puget Sound Restoration Fund is located in Bainbridge Island, WA. The organization was established in 1997. According to its NTEE Classification (C12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Environment and related organizations. As of 12/2021, Puget Sound Restoration Fund employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Puget Sound Restoration Fund 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, Puget Sound Restoration Fund generated $3.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 22.5% each year . All expenses for the organization totaled $1.7m during the year ending 12/2021. While expenses have increased by 6.4% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO RESTORE HABITAT, WATER QUALITY AND NATIVE SPECIES IN THE PUGET SOUND
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONSERVATION HATCHERY - OPERATED A CONSERVATION HATCHERY ESTABLISHED WITH NOAA UNDER THE AUSPICES OF THE WASHINGTON SHELLFISH INITIATIVE. DEDICATED IN 2014, THE KENNETH K CHEW CENTER FOR SHELLFISH RESEARCH AND RESTORATION SERVES AS A HUB FOR PROPAGATING AND RESTORING NATIVE SPECIES AND DEVELOPING STRATEGIES TO MITGATE THE IMPACTS TO MARINE RESOURCES DUE TO OCEAN ACIDIFICATION. THE HATCHERY IS OPERATED BY PUGET SOUND RESTORATION FUND AND HOUSED AT THE NATIONAL OCEANIC AND ATMOSPHERIC ADMINISTRATIONS (NOAA) MANCHESTER RESEARCH STATION IN MANCHESTER, WA. 2021 HATCHERY AND NURSERY OPERATIONS INCLUDED MAINTAINING ALGAE CULTURE, PROPAGATING AND REARING OLYMPIA OYSTERS AND PINTO ABALONE, ADAPTIVELY MANAGING CONSERVATION PROTOCOLS TO ENSURE GENETIC DIVERSITY, AND CONDUCTING RESEARCH ON OCEAN ACIDIFICATION AND OTHER STRESSORS AFFECTING SHELLFISH POPULATIONS.
KEP MONITORING INITIATIVE:BEGAN A THREE-YEAR, COMPREHENSIVE KELP FOREST MONITORING INITIATIVE IN DECEMBER 2021 WITH A GRANT FROM THE PAUL G. ALLEN FAMILY FOUNDATION. THE EYES ON KELP INITIATIVE ESTABLIHES UNDERWATER MONITORING AT 14 INDEX SITES THROUGHOUT THE SOUTHERN SALISH SEA, SPANNING A RANGE OF ENVIRONMENTAL CONDITIONS AND HUMAN USE IMPACTS. PROGRAM COMPONENTS INCLUDE: CONDUCTING UNDERWATER ECOLOGICAL MONITORING WITH SCIENTIFIC DIVERS; DEPLOYING SENSORS AT ALL SITES TO MEASURE ENVIRONMENTAL PARAMETERS; TRAINING RECREATIONAL DIVERS TO CONDUCT SURVEYS USING THE SAME PROTOCOLS AT ADDITIONAL SITES; AND PILOTING NEW TECHNOLOGY AT A DEMONSTRATION SITE TO PROVIDE NEAR-REAL TIME KELP MONITORING CAPABILITIES. THE INITIATIVE IS DESIGNED TO BUILD CRITICAL KNOWLEDGE ABOUT PUGET SOUNDS KELP FORESTS TO SUPPORT CONSERVATION AND RECOVERY EFFORTS.
ABALONE RECOVERY - CONTINUED MANAGING A PINTO ABALONE CONSERVATION BREEDING PROGRAM IN 2021 BY PRODUCING AND REARING GENETICALLY DIVERSE ABALONE IN THE HATCHERY PRIOR TO OUTPLANTING JUVENILE ABALONE AT RESTORATION SITES TO HELP RECOVER SEVERLY DEPRESSED ABALONE POPULATIONS IN WASHINGTON STATE. PINTO ABALONE HELP MAINTAIN HEALTHY SUBTIDAL ROCKY REEF HABITAT AND KELP FOREST ECOSYSTEMS BY GRAZING AND CLEARING ROCK SURFACES FOR SETTLEMENT BY OTHER ORGANISMS. AS OF DECEMBER 2021, 40,000 JUVENILE ABALONE HAVE BEEN INTRODUCED AT RESTORATION SITES IN THE SAN JUAN ARCHIPELAGO (SJA) THROUGH A LONG-TERM PARTNERSHIP WITH WASHINGTON DEPARTMENT OF FISH & WILDLIFE, NOAA, TRIBES, AND UNIVERSITIES. THE GOAL IS TO USE HEALTHY, GENETICALLY DIVERSE HATCHERY REARED JUVENILE ABALONE TO CREATE AGGREGATIONS IN THE WILD THAT DEVEOPE INTO SUSTAINABLY REPRODUCING POPULATIONS. OUTPLANT DATA ANALYZED IN 2018 DOCUMENTED A 97% DECLINE IN THE POPULATION AT INDEX STATIONS 1994-2017.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Elizabeth K Peabody Executive Director | OfficerTrustee | 40 | $143,965 |
Steve Anderson Treasurer | OfficerTrustee | 6 | $0 |
Jay Manning President | OfficerTrustee | 6 | $0 |
Molly Adolfson Vice President | OfficerTrustee | 6 | $0 |
Billy Plauche Secretary | OfficerTrustee | 6 | $0 |
Matthew Chow Director | Trustee | 6 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $5,901 |
Related organizations | $0 |
Government grants | $925,880 |
All other contributions, gifts, grants, and similar amounts not included above | $2,614,329 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $3,546,110 |
Total Program Service Revenue | $0 |
Investment income | $46,920 |
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 | $29,446 |
Miscellaneous Revenue | $0 |
Total Revenue | $3,622,476 |
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. | $143,965 |
Compensation of current officers, directors, key employees. | $28,793 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $749,069 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $111,339 |
Payroll taxes | $90,174 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $2,080 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $5,219 |
Advertising and promotion | $0 |
Office expenses | $3,590 |
Information technology | $510 |
Royalties | $0 |
Occupancy | $39,076 |
Travel | $30,568 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $3,446 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $1,223 |
Insurance | $19,241 |
All other expenses | $25,198 |
Total functional expenses | $1,652,747 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,274,910 |
Savings and temporary cash investments | $764,128 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $1,454,196 |
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 | $29 |
Net Land, buildings, and equipment | $17,365 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $2,500 |
Total assets | $3,513,128 |
Accounts payable and accrued expenses | $33,939 |
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 | $17,284 |
Total liabilities | $51,223 |
Net assets without donor restrictions | $1,099,613 |
Net assets with donor restrictions | $2,362,292 |
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 | $3,513,128 |
Over the last fiscal year, we have identified 17 grants that Puget Sound Restoration Fund has recieved totaling $2,048,309.
Awarding Organization | Amount |
---|---|
Paul G Allen Family Foundation Seattle, WA PURPOSE: TO SUPPORT PUGET SOUND KELP MONITORING: ECOLOGICAL INDEX SITES | $835,329 |
Paul G Allen Family Foundation Seattle, WA PURPOSE: TO SUPPORT PUGET SOUND KELP MONITORING: ECOLOGICAL INDEX SITES | $534,169 |
Paul G Allen Family Foundation Seattle, WA PURPOSE: TO SUPPORT PUGET SOUND KELP MONITORING: ECOLOGICAL INDEX SITES | $309,131 |
Builders Initiative Bentonville, AR PURPOSE: PUGET SOUND OYSTER, SEAWEED AND KELP PROJECTS | $156,788 |
Pew Charitable Trusts Washington, DC PURPOSE: Policy | $55,000 |
The Seattle Foundation Seattle, WA PURPOSE: TO PROVIDE GENERAL SUPPORT | $52,400 |
Organization Name | Assets | Revenue |
---|---|---|
Lower Columbia Estuary Partnership Portland, OR | $6,854,633 | $13,854,063 |
Puget Sound Restoration Fund Bainbridge Island, WA | $3,513,128 | $3,622,476 |
Northwest Fund For The Environment Seattle, WA | $9,357,107 | $266,272 |
Co2 Foundation Seattle, WA | $4,048,576 | $238 |
Environmental Fund Of Washington Seattle, WA | $325,006 | $297,106 |
Braided River Seattle, WA | $880,695 | $274,649 |
Clean Water For Haiti Vancouver, WA | $142,632 | $0 |
Boyer Foundation Bend, OR | $1,048,727 | $58,947 |
Tide Sw Foundation Seattle, WA | $2,132,499 | $135,048 |
Wrangell Institute For Science And Environment Copper Center, AK | $123,641 | $0 |
Master Gardener Foundation Of Washington State Yakima, WA | $114,181 | $0 |
Curry Community Cares Brookings, OR | $512,067 | $80,801 |