Clean Streams Foundation INC FY2023 filing

Tax-deductible

Lexington, KY501(c)(3)Since 2001EnvironmentEIN 52-2286668

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The foundation's mission is to assure that funds will be available to operate and maintain water treatment systems to prevent or abate pollution and protect natural resources and public health.

501(c)(3) charity; gifts are tax-deductible.
83¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $3.2M a year · 33% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
30 mo
of spending, in cash
Looks good: 30.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $40K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$10.2M
+29% vs prior year
Spent
$7.9M
To programs
83%
Net assets
$195.6M
By yearFY2020–FY2024
Revenue
$10.2M
FY2023▲ +29%
Revenue by fiscal year
FY2020$11.2M
FY2021$8.6M
FY2022$7.9M
FY2023$10.2M
FY2024$11.4M
Expenses
$7.9M
FY2023▲ +23%
Expenses by fiscal year
FY2020$4.9M
FY2021$6.1M
FY2022$6.4M
FY2023$7.9M
FY2024$8.0M
Net assets
$195.6M
FY2023▲ +14%
Net assets by fiscal year
FY2020$178.5M
FY2021$202.2M
FY2022$171.3M
FY2023$195.6M
FY2024$221.6M

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 2001.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

83 cents of each dollar spent went to programs.

Program services 83% · $6.5M Management & general 17% · $1.4M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Clean Streams Foundation INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Ensures funds for water treatment systems to protect public health and natural resources.

Provided by the organization

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1 program service account for $6.5M of program spending, described in the organization's own filed words · FY2023.
01

The foundation assures that funds will be available to operate and maintain water treatment systems to prevent or abate pollution and protect natural resources and public health.

$6.5Mprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$40K

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$10.2M
Ln 12
Investment incomeLn 3$6.5M
Gifts and grantsLn 1h$2.7M
Fees for servicesLn 2g$984K
Money outPt IX
$7.9M
Ln 25
Programscol B$6.5M
Managementcol C$1.4M
Owns and owesPt X
$195.6M
net assets · Ln 32
Cash and savingsLn 1–2$19.7M
Total assetsLn 16$195.6M
LiabilitiesLn 26$0
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.7M
Government grantsLn 1e$517K
Fees for servicesLn 2g$984K
Investment incomeLn 3$6.5M
Gains on assetsLn 7$1.6M
Total revenueLn 12$10.2M
Assets in detailPt X, end of year
CashLn 1$92K
SavingsLn 2$19.6M
Cash and savings togetherLn 1–2$19.7M
InvestmentsLn 11–13$175.9M
Total assetsLn 16$195.6M
LiabilitiesLn 26$0
Net assetsLn 32$195.6M
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$14.9M$19.7M
InvestmentsLn 11–13$156.4M$175.9M
Total assetsLn 16$171.3M$195.6M
LiabilitiesLn 26$0$0
Net assetsLn 32$171.3M$195.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$1.3M$1.3M
Other fees for servicesLn 11g$84K$84K
RoyaltiesLn 15$2K$2K
InsuranceLn 23$27K$27K
Other expenses (24a–d)Ln 24$6.4M$6.4M
All other expensesLn 24e$90K$90K
Total functional expensesLn 25$7.9M$6.5M$1.4M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $11.4M$8.0M$3.4M$221.6M 990 PDF
FY2023 Viewing $10.2M$7.9M$2.3M$195.6M 990 PDF
FY2022 $7.9M$6.4M$1.5M$171.3M 990 PDF
FY2021 $8.6M$6.1M$2.5M$202.2M 990 PDF
FY2020 $11.2M$4.9M$6.4M$178.5M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (4 parts)
Part VIII · Statement of revenue $10,191,500 across 7 lines filed
VIII-1e Government grants$516,965
VIII-1f All other contributions, gifts and grants$2,145,596
VIII-1h Total contributions, gifts and grants$2,662,561
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Excluded from tax $984,011$984,011
VIII-3 Investment incomeExcluded from tax $4,976,196$4,976,196
VIII-7 Net gain or loss on sales of assetsExcluded from tax $1,568,732$1,568,732
VIII-12 Total revenueExcluded from tax $7,528,939$10,191,500
Part IX · Statement of functional expenses $7,871,837 across 6 lines filed
IX-11a Management feesManagement $1,266,502$1,266,502
IX-11g Other fees for servicesManagement $84,141$84,141
IX-15 RoyaltiesPrograms $1,978$1,978
IX-23 InsurancePrograms $26,684$26,684
IX-24 Other expenses (24a–d)Programs $6,402,760$6,402,760
IX-24e All other expensesPrograms $89,772$89,772
IX-25 Total functional expensesPrograms $6,521,194 · Management $1,350,643 · Fundraising $0$7,871,837
Part X · Balance sheet $195,601,044 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $31,576$92,461
X-2 Savings and temporary cash investmentsStart of year $14,908,164$19,629,412
X-11 Publicly traded securitiesStart of year $156,361,380$175,879,171
X-16 Total assetsStart of year $171,301,120$195,601,044
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $171,301,120$195,601,044
X-33 Total liabilities and net assetsStart of year $171,301,120$195,601,044
Part XI · Reconciliation of net assets $195,601,044 net assets at year end
XI-1 Total revenue$10,191,500
XI-2 Total expenses$7,871,837
XI-3 Revenue less expenses$2,319,663
XI-4 Net assets at start of year$171,301,120
XI-5 Net unrealized gains (losses) on investments$21,980,261
XI-10 Net assets at end of year$195,601,044

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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