Haw River Assembly INC EIN 58-1510282 Form 990 (PDF) Claim this org

Haw River Assembly INC

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Protects and restores river and lake waters through advocacy, education, and volunteer clean-ups. For fiscal year 2024 it reported $398K in revenue, $586K in expenses, and $1.9M in net assets.Pt I

Type
Public charity (501(c)(3)) · Environment
Location
Bynum, NC
Website
www.hawriver.org
Filings
5 on file (2020–2024)
Revenue
$398KFY2024
Expenses
$586K
Net assets
$1.9M
People
19
Filings
5
Updates
0
More identity details & actions ⌄
EIN  58-1510282 Public charity (501(c)(3)) Bynum, NC 1 follower
Form 990 (PDF)
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Size
$100K–1M
What they do
Protects and restores river and lake waters through advocacy, education, and volunteer clean-ups.
Leadership
Elaine Chiosso · Past Exec Di · $88K
Money in and out
$398K revenue, $586K expenses
Bottom line
91% program efficiency
Where the money goes · FY2024
Total revenue
$398K
Pt VIII · Ln 12
Total expenses
$586K
Pt IX · Ln 25
Net assets
$1.9M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$189K
Where spending went · Part IX cols B–D
Program services $0.91 Management & general $0.05 Fundraising $0.04
Program efficiency
91%
of spending reaches programs▲ +22% vs prior filing year
Operating runway
8.5mo
months of highly liquid reserves at operating expense rate▼ -82% vs prior filing year
Surplus margin
-47%
revenue over expenses, this year▼ -167% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$398K
FY2024▼ -73%
Expenses
$586K
FY2024▲ +37%
Total assets
$2.0M
FY2024▼ -4%
Total liabilities
$47K
FY2024▲ +25%
Total revenue
$398K
Pt VIII · Ln 12
Total expenses
$586K
Pt IX · Ln 25
Net assets
$1.9M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$189K
Total assetsPt X · Ln 16$2.0M
Program-expense ratioPt IX · col B91%
Voting members of governing bodyPt I · Ln 317
Independent voting membersPt I · Ln 417

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CHaw River Assembly INC
EINHdr · item D58-1510282
Principal addressHdr · item CBynum, NC
WebsiteHdr · item Jwww.hawriver.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEnvironment (C320)
Ruling yearIRS BMFMay 1983

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 13No
Document retention policyPt VI · Ln 14No
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
Past Exec Di
$87,727Pt VII · Sec A
Executive Di
$71,611Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Elaine Chiosso’s $88K as Past Exec Di is at the 70th percentile of top reported officer pay among 1989 $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 · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Elaine Chiosso$87,727
Emily Sutton$71,611
Elaine Chiosso$62,399$50,560$45,920$42,015

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 $534K of program spending, described in the organization's own filed words · FY2024.
01

Haw Riverkeeper Program

Haw riverkeeper program focuses on advocacy for clean water in the public arena. We conduct programs and presentations for the community, agences, and elected officials about threats to clean water, and promoting the conservation of natural resources.

$183Kprogram expense
02

Haw River Watershed Education and Outreach Program

The haw river watershed education and outreach program for schools and the public includes the annual haw river learning celebration outdoor program for schools, where students learn about the river ecosystem and cultural history.

$177Kprogram expense
03

Water Quality Monitoring Program

The haw river watch program trains and equips volunteers to evaluate water quality in creeks and river sites in the haw river watershed. We teach volunteers to monitor and identify sources for sediment in our streams through the muddy water watch program.

$174Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$365K · 92%
Investment income$33K · 8%
Contributions & grants92%$365K
Investment income8%$33K
Program service revenue$2K
Total revenueLn 12$398K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.91 Management & general $0.05 Fundraising $0.04
Program services91%$534K
Management & general5%$30K
Fundraising4%$23K
Total functional expensesLn 25$586K

Balance Sheet

Part X · end of year
CashLn 1$417K
Total assetsLn 16$2.0M
Total liabilitiesLn 26$47K
Total net assetsLn 32$1.9M
Months of cash on handcomputed8.5

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $417K · Operating expenses/yr $586K
8.5 months
Where the money goes
Program services
Program services $534K · Total expenses $586K
91%
Management & General
Management & general $30K · Total expenses $586K
5%
Fundraising
Fundraising $23K · Total expenses $586K
4%
Cost to raise $1
Fundraising expense (3-yr avg) $27K · Solicited contributions (3-yr avg) $706K
$0.04 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $365K · Total revenue $398K
92%
Government reliance
Government grants — · Total revenue $398K
Earned-income share
Program service revenue $2K · Total revenue $398K
0.5%
Investment reliance
Investment income $33K · Total revenue $398K
+8%
Program self-sufficiency
Program service revenue $2K · Total expenses $586K
0.3%
Growth & trend
Revenue growth (YoY)
This year $398K · Prior year $1.5M
-73%
Revenue CAGR
FY2020 $170K · FY2024 $398K
+24%
Net-asset trend (YoY)
End of year $1.9M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $398K · Expenses $586K
-47%
Liabilities-to-Assets
Total liabilities — · Total assets $2.0M
Net-asset ratio
Net assets $1.9M · Total assets $2.0M
98%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $2.0M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Elaine Chiosso · Reported title PAST EXEC DI · Highest reported compensation $88K · Total expenses $586K
15%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $436K · Total expenses $586K
74%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 91%
Overhead ratio 5%
Fundraising cost ratio 6%
Revenue growth -73%
Accounting fee ratio 1%

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
See all 11 funders →
Grants paid · 1 grant · $11K · 2020–2020
Paper Handpuppet InterventionFY2020$11,000

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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)$398K revenue · viewing · ⤓ 990 PDF
FY2023$1.5M revenue · ⤓ 990 PDF
FY2022$305K revenue · ⤓ 990 PDF
FY2021$653K revenue · ⤓ 990 PDF
FY2020$170K 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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