Watershed Solutions Network EIN 92-3975275 Form 990 (PDF) Claim this org

Watershed Solutions Network FY2024 filing

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Builds leadership and collaboration to sustainably manage water resources for climate adaptation. For fiscal year 2024 it reported $1.0M in revenue, $13K in expenses, and $987K in net assets.Pt I

Type
Public charity (501(c)(3)) · Environment
Location
Sacramento, CA
Website
watersolutionsnetwork.org
Filings
2 on file (2024–2024)
Revenue
$1.0MFY2024
Expenses
$13K
Net assets
$987K
People
6
Filings
2
Updates
0
More identity details & actions ⌄
EIN  92-3975275 Public charity (501(c)(3)) Sacramento, CA
Form 990 (PDF)
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
Builds leadership and collaboration to sustainably manage water resources for climate adaptation.
Leadership
Ashley Boren · Secretary
Money in and out
$1.0M revenue, $13K expenses
Bottom line
42% program efficiency
Where the money goes · FY2024
Total revenue
$1.0M
Pt VIII · Ln 12
Total expenses
$13K
Pt IX · Ln 25
Net assets
$987K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $987K
Where spending went · Part IX cols B–D
Program services $0.42 Management & general $0.58
Program efficiency
42%
of spending reaches programs
Operating runway
439.2mo
months of highly liquid reserves at operating expense rate
Surplus margin
+99%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$1.0M
FY2024
Expenses
$13K
FY2024
Total assets
$993K
FY2024
Total liabilities
$6K
FY2024
Total revenue
$1.0M
Pt VIII · Ln 12
Total expenses
$13K
Pt IX · Ln 25
Net assets
$987K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$987K
Total assetsPt X · Ln 16$993K
Program-expense ratioPt IX · col B42%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CWatershed Solutions Network
EINHdr · item D92-3975275
Principal addressHdr · item CSacramento, CA
WebsiteHdr · item Jwatersolutionsnetwork.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEnvironment (C01)
Ruling yearIRS BMFMar 2024

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
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 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Deborah Franco’s $109K as CEO is at the 86th 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.

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Mission & Programs · Part III

Where the work happens

1 program service account for $6K of program spending, described in the organization's own filed words · FY2023.
01

In the fiscal year of 2023/2024 Watershed Solutions Network (WSN) focused on building a Board of Directors and putting organization systems in place to launch as a new organization on July 1, 2024.

$6Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants100%$1.0M
Investment income$3
Other revenue$100
Total revenueLn 12$1.0M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.42 Management & general $0.58
Program services42%$6K
Management & general58%$8K
Total functional expensesLn 25$13K

Balance Sheet

Part X · end of year
CashLn 1$491K
Total assetsLn 16$993K
Total liabilitiesLn 26$6K
Total net assetsLn 32$987K
Months of cash on handcomputed439.2

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $491K · Operating expenses/yr $13K
439.2 months
Where the money goes
Program services
Program services $6K · Total expenses $13K
42%
Management & General
Management & general $8K · Total expenses $13K
58%
Fundraising
Fundraising $0 · Total expenses $13K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $1.0M
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $1.0M · Total revenue $1.0M
100%
Government reliance
Government grants — · Total revenue $1.0M
Earned-income share
Program service revenue $0 · Total revenue $1.0M
0%
Investment reliance
Investment income $3 · Total revenue $1.0M
<0.01%
Program self-sufficiency
Program service revenue $0 · Total expenses $13K
0%
Growth & trend
Revenue growth (YoY)
This year $1.0M · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $987K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.0M · Expenses $13K
+99%
Liabilities-to-Assets
Total liabilities — · Total assets $993K
Net-asset ratio
Net assets $987K · Total assets $993K
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $993K
0%
People & payroll
Highest Reported Total Compensation
Individual Ashley Boren · Reported title Secretary · Highest reported compensation $0 · Total expenses $13K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $13K
0%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 42%
Overhead ratio 58%
Fundraising cost ratio 0%
Investment management fee ratio 0%
Legal fee ratio 28%
Accounting fee ratio 18%
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 · FY2024
Total grants receivedfrom 3 funders$1.4M
See all 3 funders →

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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)$572K revenue · ⤓ 990 PDF
FY2024$1.0M revenue · viewing · ⤓ 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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