Hudson River Sloop Clearwater INC EIN 14-6049022 Form 990 (PDF) Claim this org

Hudson River Sloop Clearwater INC

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Protects the Hudson River and its waters through education, advocacy, and celebrations. For fiscal year 2024 it reported $1.5M in revenue, $1.6M in expenses, and $852K in net assets.Pt I

Type
Public charity (501(c)(3)) · Environment
Location
Beacon, NY
Website
www.clearwater.org
Filings
3 on file (2022–2024)
Revenue
$1.5MFY2024
Expenses
$1.6M
Net assets
$852K
People
29
Filings
3
Updates
0
More identity details & actions ⌄
EIN  14-6049022 Public charity (501(c)(3)) Beacon, NY
Form 990 (PDF)
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Size
$1–10M
What they do
Protects the Hudson River and its waters through education, advocacy, and celebrations.
Leadership
David Toman · Executive Director · $98K
Money in and out
$1.5M revenue, $1.6M expenses
Bottom line
60% program efficiency
Where the money goes · FY2024
Total revenue
$1.5M
Pt VIII · Ln 12
Total expenses
$1.6M
Pt IX · Ln 25
Net assets
$852K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$65K
Where spending went · Part IX cols B–D
Program services $0.60 Management & general $0.28 Fundraising $0.12
Program efficiency
60%
of spending reaches programs▲ +2% vs prior filing year
Operating runway
0.2mo
months of highly liquid reserves at operating expense rate
Surplus margin
-4%
revenue over expenses, this year▲ +89% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$1.5M
FY2024▲ +33%
Expenses
$1.6M
FY2024+0.2%
Total assets
$1.4M
FY2024▼ -13%
Total liabilities
$504K
FY2024▼ -21%
Total revenue
$1.5M
Pt VIII · Ln 12
Total expenses
$1.6M
Pt IX · Ln 25
Net assets
$852K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$65K
Total assetsPt X · Ln 16$1.4M
Program-expense ratioPt IX · col B60%
Voting members of governing bodyPt I · Ln 324
Independent voting membersPt I · Ln 424

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CHudson River Sloop Clearwater INC
EINHdr · item D14-6049022
Principal addressHdr · item CBeacon, NY
WebsiteHdr · item Jwww.clearwater.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEnvironment (C60)
Ruling yearIRS BMFAug 2023

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a24
Independent voting membersPt VI · Ln 1b24
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Executive Director
$97,635Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer, At-Large Mbr as of 10/5/24
$0Pt VII · Sec A
$0Pt VII · Sec A
At-Large Member Until 10/5/24
$0Pt VII · Sec A
At-Large Member, Treas. Beg. 10/5/24
$0Pt VII · Sec A
At-Large Member
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

David Toman’s $98K as Executive Director is at the 25th percentile of top reported officer pay among 1851 $1–10M environment nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022
David Toman$97,635$84,000$77,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

3 program services account for $951K of program spending, described in the organization's own filed words · FY2023.
01

Education & Sloop

Activities: the sloop clearwater, "america's environmental flagship" for more than 54 years, serves as a floating classroom for children and adults, offering experiential and practical lessons about the history, science, ecology and social issues involved in the cleanup and preservation of the hudson river, as well as programs in…

$866Kprogram expense
02

Environmental Action

Activities: the organization activates individuals of all ages to become stewards of the environment and to lead within their own communities through direct research and citizen involvement in water quality and environmental concerns.

$72Kprogram expense
03

Community Outreach

The organization inspires individuals and communities to help preserve and protect the hudson river through community events and music. Volunteers are also engaged to help manage and run the events and to help educate the general public.

$14Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$1.0M · 67%
Program service revenue$369K · 24%
Other revenue$131K · 9%
Contributions & grants67%$1.0M
Program service revenue24%$369K
Other revenue9%$131K
— government grantsLn 1e$30K
Total revenueLn 12$1.5M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.60 Management & general $0.28 Fundraising $0.12
Program services60%$951K
Management & general28%$439K
Fundraising12%$183K
Total functional expensesLn 25$1.6M

Balance Sheet

Part X · end of year
CashLn 1$23K
Total assetsLn 16$1.4M
Total liabilitiesLn 26$504K
Total net assetsLn 32$852K
Months of cash on handcomputed0.2

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $23K · Operating expenses/yr $1.6M
0.2 months
Where the money goes
Program services
Program services $951K · Total expenses $1.6M
60%
Management & General
Management & general $439K · Total expenses $1.6M
28%
Fundraising
Fundraising $183K · Total expenses $1.6M
12%
Cost to raise $1
Fundraising expense (3-yr avg) $184K · Solicited contributions (3-yr avg) $639K
$0.29 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $1.0M · Total revenue $1.5M
67%
Government reliance
Government grants $30K · Total revenue $1.5M
2%
Earned-income share
Program service revenue $369K · Total revenue $1.5M
24%
Investment reliance
Investment income $-291 · Total revenue $1.5M
-0.02%
Program self-sufficiency
Program service revenue $369K · Total expenses $1.6M
23%
Growth & trend
Revenue growth (YoY)
This year $1.5M · Prior year $1.1M
+33%
Net-asset trend (YoY)
End of year $852K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.5M · Expenses $1.6M
-4%
Liabilities-to-Assets
Total liabilities — · Total assets $1.4M
Net-asset ratio
Net assets $852K · Total assets $1.4M
63%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.4M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual David Toman · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $98K · Total expenses $1.6M
6%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $1.0M · Total expenses $1.6M
64%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 60%
Overhead ratio 28%
Fundraising cost ratio 18%
Revenue growth 33%
Accounting fee ratio 2%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 2 funders$12K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$1.5M revenue · viewing · ⤓ 990 PDF
FY2023$1.1M revenue · ⤓ 990 PDF
FY2022$1.1M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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