Waterways EIN 20-1065856 Form 990 (PDF) Claim this org

Waterways FY2023 filing

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Educates and trains people about environmental issues. For fiscal year 2023 it reported $652K in revenue, $533K in expenses, and $355K in net assets.Pt I

Type
Public charity (501(c)(3)) · Environment
Location
Chattanooga, TN
Filings
5 on file (2020–2023)
Revenue
$652KFY2023
Expenses
$533K
Net assets
$355K
People
9
Filings
5
Updates
0
More identity details & actions ⌄
EIN  20-1065856 Public charity (501(c)(3)) Chattanooga, TN
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Educates and trains people about environmental issues.
Leadership
Mary Beth Sutton · Executive Director · $55K
Money in and out
$652K revenue, $533K expenses
Bottom line
95% program efficiency
Where the money goes · FY2023
Total revenue
$652K
Pt VIII · Ln 12
Total expenses
$533K
Pt IX · Ln 25
Net assets
$355K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $120K
Where spending went · Part IX cols B–D
Program services $0.95 Management & general $0.03 Fundraising $0.02
Program efficiency
95%
of spending reaches programs
Operating runway
8.2mo
months of highly liquid reserves at operating expense rate
Surplus margin
+18%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$652K
FY2023▲ +80%
Expenses
$533K
FY2023▲ +32%
Total assets
$363K
FY2023▲ +49%
Total liabilities
$8K
FY2023▼ -3%
Total revenue
$652K
Pt VIII · Ln 12
Total expenses
$533K
Pt IX · Ln 25
Net assets
$355K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$120K
Total assetsPt X · Ln 16$363K
Program-expense ratioPt IX · col B95%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 44

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CWaterways
EINHdr · item D20-1065856
Principal addressHdr · item CChattanooga, TN
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MTN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEnvironment (C32)
Ruling yearIRS BMFOct 2004

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b4
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$54,874Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Past President
$0Pt VII · Sec A
Member at Large
$0Pt VII · Sec A
Member at Large
$0Pt VII · Sec A
Member at Large
$0Pt VII · Sec A
President
$0Pt VII · Sec A

Mary Beth Sutton’s $75K as Executive Director is at the 58th percentile of top reported officer pay among 1981 $100K–1M 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

NameFY2024FY2023FY2022FY2021FY2020
Mary Beth Sutton$75,055$54,874$46,597$46,597$46,875

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

1 program service account for $508K of program spending, described in the organization's own filed words · FY2023.
01

Student and community education, training and watershed restoration

$508Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$592K · 91%
Program service revenue$60K · 9%
Contributions & grants91%$592K
Program service revenue9%$60K
Total revenueLn 12$652K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.95 Management & general $0.03 Fundraising $0.02
Program services95%$508K
Management & general3%$14K
Fundraising2%$11K
Total functional expensesLn 25$533K

Balance Sheet

Part X · end of year
CashLn 1$363K
Total assetsLn 16$363K
Total liabilitiesLn 26$8K
Total net assetsLn 32$355K
Months of cash on handcomputed8.2

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $363K · Operating expenses/yr $533K
8.2 months
Where the money goes
Program services
Program services $508K · Total expenses $533K
95%
Management & General
Management & general $14K · Total expenses $533K
3%
Fundraising
Fundraising $11K · Total expenses $533K
2%
Cost to raise $1
Fundraising expense (3-yr avg) $10K · Solicited contributions (3-yr avg) $397K
$0.03 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $592K · Total revenue $652K
91%
Government reliance
Government grants — · Total revenue $652K
Earned-income share
Program service revenue $60K · Total revenue $652K
9%
Investment reliance
Investment income $0 · Total revenue $652K
0%
Program self-sufficiency
Program service revenue $60K · Total expenses $533K
11%
Growth & trend
Revenue growth (YoY)
This year $652K · Prior year $362K
+80%
Net-asset trend (YoY)
End of year $355K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $652K · Expenses $533K
+18%
Liabilities-to-Assets
Total liabilities — · Total assets $363K
Net-asset ratio
Net assets $355K · Total assets $363K
98%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $363K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Mary Beth Sutton · Reported title Executive Director · Highest reported compensation $55K · Total expenses $533K
10%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $220K · Total expenses $533K
41%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 95%
Overhead ratio 3%
Fundraising cost ratio 2%
Revenue growth 80%
Accounting fee ratio 0.9%

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 · FY2024
See all 5 funders →

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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)$446K revenue · ⤓ 990 PDF
FY2023$652K revenue · viewing · ⤓ 990 PDF
FY2022$362K revenue · ⤓ 990 PDF
FY2021$337K revenue · ⤓ 990 PDF
FY2020$265K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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