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Islandwood EIN 31-1654076

Islandwood

EIN  31-1654076 Public charity (501(c)(3)) Bainbridge Island, WA Founded 1999
Form 990 (PDF) Compare with another nonprofit →
Verified accurate 8/13/26 · see original filing: IRS
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Size
$10–100M
What they do
Inspire environmental and community stewardship through exceptional learning experiences.
Leadership
Megan Karch · CEO · $250K
Money in and out
$13.3M revenue, $12.2M expenses
Bottom line
77% program efficiency

Inspire environmental and community stewardship through exceptional learning experiences. For fiscal year 2024 it reported $13.3M in revenue, $12.2M in expenses, and $48.4M in net assets.Pt I

Where the money goes · FY2024
Total revenue
$13.3M
Pt VIII · Ln 12
Total expenses
$12.2M
Pt IX · Ln 25
Net assets
$48.4M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $1.1M
Where spending went · Part IX cols B–D
Program services $0.77 Management & general $0.09 Fundraising $0.15
Program efficiency
77%
of spending reaches programs▼ -2% vs prior filing year
Operating runway
24.3mo
months of highly liquid reserves at operating expense rate▲ +14% vs prior filing year
Surplus margin
+8%
revenue over expenses, this year▲ +138% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$13.3M
FY2024▲ +41%
Expenses
$12.2M
FY2024▲ +7%
Total assets
$50.8M
FY2024▲ +5%
Total liabilities
$2.4M
FY2024▲ +13%
Total revenue
$13.3M
Pt VIII · Ln 12
Total expenses
$12.2M
Pt IX · Ln 25
Net assets
$48.4M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$1.1M
Total assetsPt X · Ln 16$50.8M
Program-expense ratioPt IX · col B77%
Voting members of governing bodyPt I · Ln 317
Independent voting membersPt I · Ln 417
Mission & Programs · Part III

Where the work happens

1 program service account for $9.3M of program spending, described in the organization's own filed words · FY2024.
01

Islandwood delivers educational experiences that help children and adults alike understand their environment and discover the impact they can have on the world and their communities. Our place-based, experiential learning programs for puget sound area schools are offered on our bainbridge island, washington campus, at the brightwater…

$9.3Mprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CIslandwood
EINHdr · item D31-1654076
Principal addressHdr · item CBainbridge Island, WA
WebsiteHdr · item Jwww.islandwood.org
Year of formationHdr · item L1999
State of legal domicileHdr · item MWA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEnvironment (C600)
Ruling yearIRS BMFOct 1999

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a17
Independent voting membersPt VI · Ln 1b17
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
$249,520Pt VII · Sec A
Jennifer Kim
VP of Philanthropy
$152,522Pt VII · Sec A
Elizabeth Barnick
Director of People & Culture
$116,583Pt VII · Sec A
Amanda Auger
Director of Finance
$115,401Pt VII · Sec A
Darren Kerbs
Director of Philanthropy
$113,947Pt VII · Sec A
Alison Dawson
SR. Philanthropy Officer
$105,490Pt VII · Sec A
James White
Director of Food & Beverage
$104,536Pt VII · Sec A
$77,043Pt VII · Sec A

Megan Karch’s $250K as CEO is at the 51st percentile of top reported officer pay among 324 $10–100M 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 · 8 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Megan Karch$249,520$199,520$249,540$180,093$166,247$224,780
Humphreys Munai—$123,454$172,433$145,610$123,190—
Jennifer Kim$152,522$145,727$143,332$127,418——
Christopher Wheaton—————$133,081
Elizabeth Barnick$116,583$112,816$103,386———
Amanda Auger$115,401—————
Darren Kerbs$113,947$109,099$102,896———
Alison Dawson$105,490—————

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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Statement of Revenue

Part VIII
Contributions & grants$5.9M · 44%
Program service revenue$4.8M · 36%
Other revenue$1.5M · 12%
Investment income$1.0M · 8%
Contributions & grants44%$5.9M
Program service revenue36%$4.8M
Other revenue12%$1.5M
Investment income8%$1.0M
— government grantsLn 1e$204K
Total revenueLn 12$13.3M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.77 Management & general $0.09 Fundraising $0.15
Program services77%$9.3M
Management & general9%$1.1M
Fundraising15%$1.8M
Total functional expensesLn 25$12.2M

Balance Sheet

Part X · end of year
CashLn 1$2.1M
Total assetsLn 16$50.8M
Total liabilitiesLn 26$2.4M
Total net assetsLn 32$48.4M
Months of cash on handcomputed2.1

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $22.3M · Operating expenses (Pt IX) $12.2M · Less non-cash grants $1.2M · Cash operating expenses/yr $11.0M
24.3 months
Where the money goes
Program services
Program services $9.3M · Total expenses $12.2M
77%
Management & General
Management & general $1.1M · Total expenses $12.2M
9%
Fundraising
Fundraising $1.8M · Total expenses $12.2M
15%
Cost to raise $1
Fundraising expense (3-yr avg) $1.4M · Solicited contributions (3-yr avg) $3.4M
$0.42 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $5.9M · Total revenue $13.3M
44%
Government reliance
Government grants $204K · Total revenue $13.3M
2%
Earned-income share
Program service revenue $4.8M · Total revenue $13.3M
36%
Investment reliance
Investment income $1.0M · Total revenue $13.3M
+8%
Program self-sufficiency
Program service revenue $4.8M · Total expenses $12.2M
39%
Growth & trend
Revenue growth (YoY)
This year $13.3M · Prior year $9.4M
+41%
Revenue CAGR
FY2019 $6.1M · FY2024 $13.3M
+17%
Net-asset trend (YoY)
End of year $48.4M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $13.3M · Expenses $12.2M
+8%
Liabilities-to-Assets
Total liabilities — · Total assets $50.8M
—
Net-asset ratio
Net assets $48.4M · Total assets $50.8M
95%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $18.1M · Other securities (Pt X, ln 12) $2.1M · Total assets (Pt X, ln 16) $50.8M
40%
People & payroll
Highest Reported Total Compensation
Individual Megan Karch · Reported title CEO · Highest reported compensation $250K · Total expenses $12.2M
2%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $7.1M · Total expenses $12.2M
59%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 77%——
Overhead ratio 9%——
Fundraising cost ratio 30%——
Revenue growth 41%——

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 · received and paid
Grants received · FY2024
Vanguard Charitable Endowment ProgramFY2024$1.0M
Islands FoundationFY2024$300K
Bainbridge Community FoundationFY2024$145K
Fidelity Investments Charitable Gift FundFY2024$139K
Donor Advised Charitable Giving INCFY2024$139K
Gs Donor Advised Philanthropy Fund for Wealth Management INCFY2024$100K
Hollyhock Foundation INCFY2024$100K
Morgan Stanley Global Impact Funding Trust INCFY2024$65K
Total grants receivedfrom 29 funders$2.4M
See all 29 funders →
Grants paid · 21 grants · $177K · 2019–2022
Robert Eagle Middle SchoolFY2022$20,575
Sartori Elementary SchoolFY2022$10,150
Fairmount Park Elementary SchoolFY2022$9,555
Bailey Gatzert Elementary SchoolFY2022$7,850
Seattle Nativity SchoolWA · FY2022$6,270
Rising Star ElementaryFY2021$7,000
West Seattle ElementaryFY2019$11,700
Sartori ElementaryFY2019$9,875
Rising Star ElementaryFY2019$9,720
View Ridge ElementaryFY2019$8,925
Talbot HillFY2019$8,625
Highland Park ElementaryFY2019$8,190
Crownhill ElementaryFY2019$7,965
Roxhill ElementaryFY2019$7,955
Broadview - Thompsom K-8FY2019$7,695
Kitsap Lake ElementaryFY2019$6,900
John Rogers ElementaryFY2019$6,405
Graham Hill ElementaryFY2019$5,890
See all 21 grants →

Similar Organizations

Closest in mission — by what they do
Northwoods Stewardship CenterVT
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Brushwood Center at Ryerson WoodsIL
Wildwood Environmental AcademyOH
Santa Catalina Island ConservancyCA
Boxerwood Education Association IncorporatedVA
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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$9.4M revenue · ⤓ 990 PDF
FY2023$9.5M revenue · ⤓ 990 PDF
FY2022$9.6M revenue · ⤓ 990 PDF
FY2021$6.0M revenue · ⤓ 990 PDF
FY2020$6.1M 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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