Puget Sound Restoration Fund

Organization Overview

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 12/2022, Puget Sound Restoration Fund employed 20 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 12/2022, Puget Sound Restoration Fund generated $1.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $2.5m during the year ending 12/2022. While expenses have increased by 11.4% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

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

KEP MONITORING INITIATIVE:CONTINUED A THREE-YEAR, COMPREHENSIVE KELP FOREST MONITORING INITIATIVE 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 ON BUOYS AND AT DEPTH 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. *$1,678,000 RECEIVED IN 2021


CONSERVATION HATCHERY - OPERATED A CONSERVATION HATCHERY ESTABLISHED WITH NOAA UNDER THE AUSPICES OF THE WASHINGTON SHELLFISH INITIATIVE. ESTABLISHED IN 2013, 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 AT THE NOAAS MANCHESTER RESEARCH STATION IN MANCHESTER, WA THROUGH A COOPERATIVE RESEARCH AND DEVELOPMENT AGREEMENT. 2022 HATCHERY AND NURSERY OPERATIONS INCLUDED MAINTAINING MICROALGAE CULTURE, PRODUCING AND REARING OLYMPIA OYSTERS AND PINTO ABALONE FOR RESTORATION OUTPLANTS, PROPAGATING KELP SEED TO HELP RE-GROW KELP FORESTS, ADAPTIVELY MANAGING CONSERVATION PROTOCOLS TO ENSURE GENETIC DIVERSITY, AND CONDUCTING RESEARCH ON OCEAN ACIDIFICATION AND OTHER STRESSORS AFFECTING SHELLFISH POPULATIONS.


BULL KELP RESTORATION - CONTINUED DEVELOPING AND ADVANCING A SUITE OF CAPABILITIES TO RESPOND TO DECLINES IN OUR REGIONS KELP FORESTS. WITH A BROAD SET OF PARTNERS, WE HAVE BEEN TESTING ENHANCEMENT TECHNIQUES, ESTABLISHING KELP LAB FACILITIES, CREATING A KELP SEED BANK, AND BEGINNING A GENETICS ASSESSMENT. 2020-2022, PSRF SUCCESSFULLY GREW CANOPY KELP EACH YEAR FROM SEAFLOOR TO SURFACE AT DOE-KAG-WATS/PT. JEFFERSON IN CENTRAL PUGET SOUND IN PARTNERSHIP WITH THE SUQUAMISH TRIBE, NOAA, WASHINGTON STATE, AND OTHER PARTNERS. IN 2022, WE CONTINUED EQUIPPING OUR KELP LAB TO EXPAND RESTORATION CAPABILITIES AND SUPPORT A LONG-TERM ARCHIVE OF GENETIC MATERIAL FROM OVER 20 KELP FORESTS IN PUGET SOUND.


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Board, Officers & Key Employees

Name (title)Compensation
Elizabeth K Peabody
Executive Director
$139,734
Jodie Toft
Deputy Director
$105,000
Brittany Taylor
Director
$0
Walt Mcgraw
Director
$0
Matthew Chow
Director
$0
David Herrera
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$3,114
Related organizations$0
Government grants $1,077,222
All other contributions, gifts, grants, and similar amounts not included above$610,383
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,690,719
Total Program Service Revenue$0
Investment income $18,280
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $45,140
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $28,771
Miscellaneous Revenue$0
Total Revenue $1,782,910

Create an account to unlock the data you need.

or