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Watershed Conservation Resource Center FY2022 filing

Tax-deductible

Fayetteville, AR501(c)(3)EnvironmentEIN 81-0594071Revenue $2.3M in FY2022

On file with the IRSwatershedconservation.org909 E Rolling Hills Drive Suite A, 72703-3427 · Fayetteville, ARTax-exempt since Jan 2004Publicly supported charity — 170(b)(1)(A)(vi)

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The Watershed Conservation Resource Center strives to protect, conserve, and restore natural resources by utilizing the Watershed approach, environmental outreach, and providing planning and technical assistance to landowners, communities, and government.

501(c)(3) charity; gifts are tax-deductible.
84¢ of each $1 spent went to programs.
$301K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · 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
1 of 5
filings with a surplus
Average deficit $148K a year · 6% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
84%
of spending
Looks good: 84% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$301K
to officers and key staff · 14% of spending
Looks good: pay to officers and key staff is 14% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
5 mo
of spending, in cash
Looks good: 4.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $5K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$95K
5% of total assets
Looks good: liabilities are 5% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 7 voting members
Looks good: 5 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.3M
+37% vs prior year
Spent
$2.1M
To programs
84%
Net assets
$1.9M
By yearFY2020–FY2024
Revenue
$2.3M
FY2022▲ +37%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.5M
FY2021$1.6M
FY2022$2.3M
FY2023$4.3M
FY2024$2.0M
Expenses
$2.1M
FY2022▲ +18%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.7M
FY2021$1.8M
FY2022$2.1M
FY2023$4.6M
FY2024$2.2M
Net assets
$1.9M
FY2022▲ +7%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.0M
FY2021$1.8M
FY2022$1.9M
FY2023$1.6M
FY2024$1.5M

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 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 Jan 2004.

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

Where the money goes

84 cents of each dollar spent went to programs.

Program services 84% · $1.8M Management & general 16% · $337K

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

7 people listed on the 990; $301K paid to officers and key staff.

Part VII, Section A · reportable compensation
Sandi Formica
Chairman/Exe
$166,521Pt VII · Sec A
Matthew Van Eps
Secretary/Tr
$134,482Pt VII · Sec A
Dewayne Edwards
Vice-Chair
$0Pt VII · Sec A
Jon Johnson
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Sarah Lewis
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Sandi Formica’s $188K as Vice-Chairma is at the 80th 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 · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Sandi Formica$188,113$180,205$166,521$143,129$141,856
Matthew Van Eps Pe$153,613$146,986———
Matthew Van Eps——$134,482$122,878$122,107

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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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

Protects, conserves, and restores natural resources through watershed planning and landowner assistance.

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Provided by the organization

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3 programs · $17K · in their own filed words · FY2022
01

The WCRC was awarded a grant from the usda natural resources conservation service to perform stream restoration construction implementation coordination for projects on the west fork white river. The WCRC will provide 25% cost-share match towards the project via non-federal project partner contributions.

$10Kprogram expense
02

Mitigation Bank Beaver ( Sub Program of Wff)

In 2012 the WCRC established the WFWR mitigation bank. This program was implemented to offset unavoidable impacts to water resources that result from third-party actions related to land development activities in the region.

$5Kprogram expense
03

Nrcs-Rcpp

The WCRC received a grant from the usda-natural resources conservation service to implement stream restoration and other best management practices to reduce sediment inputs and improve water quality within a sub-area of the west fork white river watershed (WFWR).

$2Kprogram expense

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
Arkansas Humanities Council INCFY2023$5K
Total grants receivedfrom 1 funder$5K

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$2.3M
Ln 12
Fees for servicesLn 2g$1.3M
Gifts and grantsLn 1h$978K
Other incomeLn 4–11$14K
Money outPt IX
$2.1M
Ln 25
Programscol B$1.8M
Managementcol C$337K
Owns and owesPt X
$1.9M
net assets · Ln 32
Cash and savingsLn 1–2$844K
Total assetsLn 16$2.0M
LiabilitiesLn 26$95K
PeoplePt VI, VII
7
listed · VII A
PaidVII A2
Voting boardVI 1a7
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$978K
Government grantsLn 1e$875K
Fees for servicesLn 2g$1.3M
Investment incomeLn 3$5K
Other incomeLn 4–11$14K
Total revenueLn 12$2.3M
Assets in detailPt X, end of year
CashLn 1$187K
SavingsLn 2$657K
Cash and savings togetherLn 1–2$844K
InvestmentsLn 11–13$745K
Land, buildings, equipmentLn 10c$121K
Other assetsLn 15$163K
Total assetsLn 16$2.0M
LiabilitiesLn 26$95K
Net assetsLn 32$1.9M
OperationsPt I, VI
EmployeesI 518
VolunteersI 660
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 FY22End FY22
Cash and savingsLn 1–2$1.6M$844K
InvestmentsLn 11–13$745K
Land, buildings, equipmentLn 10c$133K$121K
Total assetsLn 16$2.0M$2.0M
LiabilitiesLn 26$189K$95K
Net assetsLn 32$1.8M$1.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$337K$248K$89K
Other salaries and wagesLn 7$431K$311K$120K
Pension plan contributionsLn 8$12K$10K$2K
Other employee benefitsLn 9$17K$14K$3K
Payroll taxesLn 10$57K$47K$10K
Legal feesLn 11b$488$488
Accounting feesLn 11c$12K$11K$281
Other fees for servicesLn 11g$407K$401K$6K
Advertising and promotionLn 12$3K$3K
Office expensesLn 13$13K$257$13K
Information technologyLn 14$4K$4K
OccupancyLn 16$47K$937$46K
TravelLn 17$27K$27K$312
Conferences, conventions and meetingsLn 19$10K$10K$112
Depreciation, depletion and amortizationLn 22$13K$13K
InsuranceLn 23$32K$10K$22K
Other expenses (24a–d)Ln 24$703K$694K$9K
Total functional expensesLn 25$2.1M$1.8M$337K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $2.0M$2.2M−$207K$1.5M 990 PDF
FY2023 $4.3M$4.6M−$378K$1.6M 990 PDF
FY2022 Viewing $2.3M$2.1M$135K$1.9M 990 PDF
FY2021 $1.6M$1.8M−$159K$1.8M 990 PDF
FY2020 $1.5M$1.7M−$133K$2.0M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $2,259,823 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,002,454$977,942
I-9 Program service revenuePrior year $621,279$1,263,687
I-10 Investment incomePrior year $472$4,656
I-11 Other revenuePrior year $20,440$13,538
I-12 Total revenuePrior year $1,644,645$2,259,823
I-13 Grants and similar amounts paidPrior year $1,000$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $720,935$853,415
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,082,115$1,270,964
I-18 Total expensesPrior year $1,804,050$2,124,379
I-19 Revenue less expensesPrior year −$159,405$135,444
Part VI · Governance 5 of 7 board members independent, 4 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members5
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $2,259,823 across 7 lines filed
VIII-1e Government grants$875,397
VIII-1f All other contributions, gifts and grants$102,545
VIII-1h Total contributions, gifts and grants$977,942
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,263,687$1,263,687
VIII-3 Investment incomeExcluded from tax $4,656$4,656
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $13,538$13,538
VIII-12 Total revenueRelated to mission $1,277,225 · Excluded from tax $4,656$2,259,823
Part IX · Statement of functional expenses $2,124,379 across 17 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $247,834 · Management $89,255$337,089
IX-7 Other salaries and wagesPrograms $310,522 · Management $120,315$430,837
IX-8 Pension plan contributionsPrograms $9,609 · Management $1,967$11,576
IX-9 Other employee benefitsPrograms $14,299 · Management $2,936$17,235
IX-10 Payroll taxesPrograms $47,020 · Management $9,658$56,678
IX-11b Legal feesPrograms $488$488
IX-11c Accounting feesPrograms $11,219 · Management $281$11,500
IX-11g Other fees for servicesPrograms $401,126 · Management $5,831$406,957
IX-12 Advertising and promotionPrograms $2,777$2,777
IX-13 Office expensesPrograms $257 · Management $12,608$12,865
IX-14 Information technologyManagement $4,248$4,248
IX-16 OccupancyPrograms $937 · Management $45,904$46,841
IX-17 TravelPrograms $26,806 · Management $312$27,118
IX-19 Conferences, conventions and meetingsPrograms $10,331 · Management $112$10,443
IX-22 Depreciation, depletion and amortizationManagement $12,992$12,992
IX-23 InsurancePrograms $10,229 · Management $21,787$32,016
IX-24 Other expenses (24a–d)Programs $693,691 · Management $9,028$702,719
IX-25 Total functional expensesPrograms $1,787,145 · Management $337,234 · Fundraising $0$2,124,379
Part X · Balance sheet $2,039,961 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $106,738$186,514
X-2 Savings and temporary cash investmentsStart of year $1,512,663$657,273
X-4 Accounts receivableStart of year $160,506$154,278
X-9 Prepaid expenses and deferred chargesStart of year $60$13,255
X-10c Land, buildings and equipment, netStart of year $132,653$121,147
X-11 Publicly traded securities$744,575
X-15 Other assetsStart of year $92,112$162,919
X-16 Total assetsStart of year $2,004,732$2,039,961
X-17 Accounts payable and accrued expenses$15,953
X-25 Other liabilitiesStart of year $32,395$78,632
X-26 Total liabilitiesStart of year $189,375$94,585
X-27 Net assets without donor restrictionsStart of year −$765,529−$1,010,904
X-28 Net assets with donor restrictionsStart of year $2,580,886$2,956,280
X-32 Total net assets or fund balancesStart of year $1,815,357$1,945,376
X-33 Total liabilities and net assetsStart of year $2,004,732$2,039,961
Part XI · Reconciliation of net assets $1,945,376 net assets at year end
XI-1 Total revenue$2,259,823
XI-2 Total expenses$2,124,379
XI-3 Revenue less expenses$135,444
XI-4 Net assets at start of year$1,815,357
XI-5 Net unrealized gains (losses) on investments−$5,425
XI-10 Net assets at end of year$1,945,376

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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