The Freshwater Trust
- Assets
- $7.2m
- Revenue
- $12.2m
- Investments
- $184.5k
- Employees
- 57
- Location
- Portland, OR
- Founding
- 03/1989
- Data as of
- 12/2021
- EIN
- 93-0843521
Organization Overview
The Freshwater Trust is located in Portland, OR. The organization was established in 1989. According to its NTEE Classification (D33) the organization is classified as: Fisheries Resources, under the broad grouping of Animal-Related and related organizations. As of 12/2021, Freshwater Trust employed 57 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Freshwater Trust 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, Freshwater Trust generated $12.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.9% each year. All expenses for the organization totaled $9.2m during the year ending 12/2021. While expenses have increased by 2.1% 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 PRESERVE AND RESTORE FRESHWATER ECOSYSTEMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WATER QUALITY TRADING & WATERSHED ANALYTICS - THE FRESHWATER TRUST USES DATA TO IDENTIFY AND ILLUSTRATE THE SPECIFIC ACTION OR ACTIONS NECESSARY TO CHANGE THE TRAJECTORY OF A WATERSHED'S CURRENT CONDITION; USES THAT INSIGHT TO DRIVE THE POLICY CHANGES, FUNDERS, AND SOCIAL BUY-IN NECESSARY TO UNDERSTAND AND IMPLEMENT THAT OPTIMAL PATHWAY; AND THEN DEVELOPS THE OPERATIONAL/SUPPLY CHAIN CAPACITY AND INNOVATIVE CONSERVATION FINANCING APPROACHES NECESSARY TO DEPLOY THOSE SOLUTIONS. WATER QUALITY TRADING IS ONE IMPORTANT APPROACH FOR CONVERTING THIS INSIGHT INTO HIGH QUALITY ON-THE-GROUND RESULTS. THE FRESHWATER TRUST'S WATER QUALITY TRADING PROGRAM ALLOWS FOR REGULATED ENTITIES TO ACHIEVE REGULATORY COMPLIANCE BY FUNDING QUANTIFIED RESTORATION ACTIONS. BY CALCULATING AND QUANTIFYING HOW MUCH THERMAL ENERGY IS AVOIDED ON A RIVER BY PLANTING STREAMSIDE TREES, THE ORGANIZATION GENERATES CREDITS THAT ARE THEN PURCHASED BY WASTEWATER FACILITIES AND POWER PLANTS TO OFFSET THEIR IMPACTS TO IMPAIRED RIVERS AND STREAMS. THE WORK IS DONE IN PARTNERSHIP WITH REGULATED AGENCIES, IRRIGATORS, REGULATORS AND FARMERS. THIS PROGRAM CAN INCLUDE RESTORATION ACTIONS THAT GENERATE NOT ONLY TEMPERATURE CREDITS, BUT ALSO CREDITS GENERATED FROM REDUCTIONS OF OTHER POLLUTANTS, SUCH AS NUTRIENTS.
HABITAT - THE FRESHWATER TRUST ACTIVELY RESTORES AQUATIC HABITAT IN THE WESTERN UNITED STATES THROUGH ITS HABITAT RESTORATION PROGRAM. FROM PLACING LOGS INSTREAM TO CREATE RIVER COMPLEXITY AND PLANTING TREES TO STABILIZE STREAMBANKS AND PROVIDE SHADE TO LOWER WATER TEMPERATURE, THE ORGANIZATION ADVANCES SCIENCE-BASED, ECOLOGICALLY-SOUND RESTORATION PROJECTS TO RESTORE HABITAT FUNCTION CRITICAL TO SALMON PRODUCTIVITY.
FLOW - THE FRESHWATER TRUST RESTORES STREAM FLOWS BY WORKING COLLABORATIVELY WITH WILLING LANDOWNERS. THE ORGANIZATION USES A VARIETY OF COOPERATIVE SOLUTIONS, INCLUDING FINANCIAL COMPENSATION, TECHNICAL ASSISTANCE AND EXPERT ADVICE TO KEEP MORE WATER IN OUR STREAMS AND RIVERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joe Whitworth President | Officer | 40 | $242,501 |
David Primozich Vice President Of Water | 40 | $149,875 | |
Erik Ringelberg California Director | 40 | $132,784 | |
Kimberlee Obilana Vice President Of People & Operations | 40 | $130,840 | |
Alex Johnson Vice President Of Initiatives | 40 | $128,701 | |
Matthew Sebonia Senior Project Finance Developer | 40 | $109,832 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
M & M Services Llc In-stream Restoration | 12/30/21 | $494,321 |
Aquatic Contracting Llc In-stream Restoration | 12/30/21 | $663,120 |
Cblack Llc Software Development | 12/30/21 | $422,070 |
Columbia Helicopters Inc Helicopter Delivery Of Project Supplies | 12/30/21 | $377,900 |
Plant Oregon Riparian Restoration | 12/30/21 | $254,540 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $250,713 |
| Related organizations | $0 |
| Government grants | $2,485,505 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,584,109 |
| Noncash contributions included in lines 1a–1f | $344,053 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,320,327 |
| Total Program Service Revenue | $4,869,883 |
| Investment income | $14,077 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$58,251 |
| Net Income from Gaming Activities | $12,336 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,158,372 |
| 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. | $384,343 |
| Compensation of current officers, directors, key employees. | $151,766 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,912,030 |
| Pension plan accruals and contributions | $80,264 |
| Other employee benefits | $1,845,733 |
| Payroll taxes | $138,589 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,614 |
| Fees for services: Accounting | $46,163 |
| Fees for services: Lobbying | $55,040 |
| Fees for services: Fundraising | $215,000 |
| Fees for services: Investment Management | $1,514 |
| Fees for services: Other | $3,041,556 |
| Advertising and promotion | $83,622 |
| Office expenses | $53,644 |
| Information technology | $93,049 |
| Royalties | $0 |
| Occupancy | $326,031 |
| Travel | $27,553 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,562 |
| Interest | $21,243 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $215,258 |
| Insurance | $61,581 |
| All other expenses | $50,975 |
| Total functional expenses | $9,153,022 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,465,475 |
| Savings and temporary cash investments | $202,174 |
| Pledges and grants receivable | $680,014 |
| Accounts receivable, net | $772,555 |
| 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 | $71,492 |
| Net Land, buildings, and equipment | $202,426 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $184,526 |
| Investments—program-related | $0 |
| Intangible assets | $398,269 |
| Other assets | $226,909 |
| Total assets | $7,203,840 |
| Accounts payable and accrued expenses | $371,838 |
| Grants payable | $0 |
| Deferred revenue | $2,597,200 |
| 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 | $1,900,000 |
| Other liabilities | $0 |
| Total liabilities | $4,869,038 |
| Net assets without donor restrictions | $1,784,990 |
| Net assets with donor restrictions | $549,812 |
| 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 | $7,203,840 |
Grants Recieved
Over the last fiscal year, we have identified 26 grants that The Freshwater Trust has recieved totaling $1,048,578.
| Awarding Organization | Amount |
|---|---|
M J Murdock Charitable Trust Vancouver, WA PURPOSE: NEW STAFF | $239,000 |
Walton Family Foundation Inc Bentonville, AR PURPOSE: TO PROMOTE NATURE BASED SOLUTIONS AS A MECHANISM TO MEET WATER RESOURCES REGULATORY REQUIREMENTS AND IMPROVE WATERSHED HEALTH. | $160,000 |
Impactassets Inc Bethesda, MD PURPOSE: GRANT | $140,000 |
Bella Vista Foundation San Francisco, CA PURPOSE: TO DEVELOP A COORDINATED RESTORATION IMPLEMENTATION AND FUNDING PROGRAM TO MODERATE STREAM TEMPERATURE IN THE JOHN DAY BASIN, AS WELL AS CONTINUE MONITORING EFFORTS AND PARTNERSHIP ENGAGEMENT | $120,000 |
M J Murdock Charitable Trust Vancouver, WA PURPOSE: NEW STAFF | $83,000 |
Water Foundation Sacramento, CA PURPOSE: WATER ACCESS AND CONSERVATION | $75,000 |
Endowment Analysis
| Beg. Balance | $156,135 |
| Earnings | $37,945 |
| Other Expense | $9,554 |
| Ending Balance | $184,526 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
California Trout San Francisco, CA | $11,384,181 | $17,085,987 |
International Pacific Halibut Commission Seattle, WA | $4,799,211 | $12,243,404 |
The Freshwater Trust Portland, OR | $7,203,840 | $12,158,372 |
Wild Salmon Center Portland, OR | $9,026,255 | $7,988,741 |
Hood Canal Slmon Enhancement Group Belfair, WA | $9,920,019 | $3,797,812 |
Qweti Neah Bay, WA | $367,312 | $27,000 |
Long Live The Kings Seattle, WA | $1,927,571 | $2,809,391 |
Wild Fish Conservancy Duvall, WA | $567,213 | $2,096,581 |
Skagit Fisheries Enhancement Group Mount Vernon, WA | $599,949 | $2,107,853 |
Nooksack Salmon Enhancement Association Bellingham, WA | $4,975,514 | $2,471,140 |
South Puget Sound Salmon Enhancement Group Olympia, WA | $985,633 | $2,017,493 |
Lower Columbia Fish Enhancement Vancouver, WA | $463,509 | $1,394,000 |