Restoring the Lake Depths Foundation Corp EIN 84-4262550

Restoring the Lake Depths Foundation Corp

EIN  84-4262550 Public charity (501(c)(3)) Zephyr Cove, NV
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Size
$100K–1M
What they do
Cleans lake depths and shorelines using underwater robots and boats.
Leadership
Lindsay Kopf · Executive Dir. · $66K
Money in and out
$250K revenue, $222K expenses
Bottom line
78% program efficiency

Cleans lake depths and shorelines using underwater robots and boats. For fiscal year 2025 it reported $250K in revenue, $222K in expenses, and $195K in net assets.Pt I

Where the money goes · FY2025
Total revenue
$250K
Pt VIII · Ln 12
Total expenses
$222K
Pt IX · Ln 25
Net assets
$195K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $29K
Where spending went · Part IX cols B–D
Program services $0.78 Management & general $0.21 Fundraising $0.01
Program efficiency
78%
of spending reaches programs▼ -6% vs prior filing year
Operating runway
8.2mo
months of highly liquid reserves at operating expense rate▲ +58% vs prior filing year
Surplus margin
+11%
revenue over expenses, this year▲ +128% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$250K
FY2025▲ +22%
Expenses
$222K
FY2025▼ -23%
Total assets
$195K
FY2025▲ +16%
Total liabilities
$0
FY2025▼ -100%
Total revenue
$250K
Pt VIII · Ln 12
Total expenses
$222K
Pt IX · Ln 25
Net assets
$195K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$29K
Total assetsPt X · Ln 16$195K
Program-expense ratioPt IX · col B78%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 44
Mission & Programs · Part III

Where the work happens

1 program service account for $173K of program spending, described in the organization's own filed words · FY2025.
01

This past summer we were able to pick up over 2 tons of trash/ toxic material from the bottom of Tahoe. We work on the lake 4-5 days a week. This past summer we worked April 30th- November 24th 2025 (days per year are weather dependent).

$173Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CRestoring the Lake Depths Foundation Corp
EINHdr · item D84-4262550
Principal addressHdr · item CZephyr Cove, NV
WebsiteHdr · item Jrakethelake.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNV
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEnvironment (C30)
Ruling yearIRS BMFApr 2020

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b4
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 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Dir.
$66,000Pt VII · Sec A
President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A

Lindsay Kopf’s $66K as Executive Dir. is at the 47th 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 · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Lindsay Kopf$66,000$69,856$66,000$66,000
Lindsay Kopf$60,500$66,000

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 & grants100%$250K
Total revenueLn 12$250K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.78 Management & general $0.21 Fundraising $0.01
Program services78%$173K
Management & general21%$47K
Fundraising1%$1K
Total functional expensesLn 25$222K

Balance Sheet

Part X · end of year
CashLn 1$152K
Total assetsLn 16$195K
Total liabilitiesLn 26$0
Total net assetsLn 32$195K
Months of cash on handcomputed8.2

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $152K · Operating expenses/yr $222K
8.2 months
Where the money goes
Program services
Program services $173K · Total expenses $222K
78%
Management & General
Management & general $47K · Total expenses $222K
21%
Fundraising
Fundraising $1K · Total expenses $222K
1%
Cost to raise $1
Fundraising expense (3-yr avg) $487 · Solicited contributions (3-yr avg) $205K
$0.00 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $250K · Total revenue $250K
100%
Government reliance
Government grants — · Total revenue $250K
Earned-income share
Program service revenue $0 · Total revenue $250K
0%
Investment reliance
Investment income $0 · Total revenue $250K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $222K
0%
Growth & trend
Revenue growth (YoY)
This year $250K · Prior year $205K
+22%
Revenue CAGR
FY2020 $200K · FY2025 $250K
+5%
Net-asset trend (YoY)
End of year $195K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $250K · Expenses $222K
+11%
Liabilities-to-Assets
Total liabilities — · Total assets $195K
Net-asset ratio
Net assets $195K · Total assets $195K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $195K
0%
People & payroll
Highest Reported Total Compensation
Individual Lindsay Kopf · Reported title Executive Dir. · Highest reported compensation $66K · Total expenses $222K
30%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $153K · Total expenses $222K
69%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 78%
Overhead ratio 21%
Fundraising cost ratio 1%
Revenue growth 22%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 1%
Fundraising fee ratio 0%

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 · FY2023
Tahoe FundFY2023$25K
Total grants receivedfrom 1 funder$25K

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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
FY2025 (Latest)$250K revenue · viewing · ⤓ 990 PDF
FY2024$205K revenue · ⤓ 990 PDF
FY2023$160K revenue · ⤓ 990 PDF
FY2022$252K revenue · ⤓ 990 PDF
FY2021$202K revenue · ⤓ 990 PDF
FY2020$200K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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