The Freshwater Trust FY2022 filing

Tax-deductible

Portland, OR501(c)(3)Since 1983AnimalsEIN 93-0843521Revenue $7.7M in FY2022

On file with the IRSthefreshwatertrust.orgPo Box 9205, 97207-9205 · Portland, ORTax-exempt since Mar 1989Publicly supported charity — 170(b)(1)(A)(vi)

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To preserve and restore Freshwater ecosystems.

501(c)(3) charity; gifts are tax-deductible.
61¢ of each $1 spent went to programs.
$1.0M 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
4 of 5
filings with a surplus
Average surplus $661K a year · 6% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
61%
of spending
Worth a look: 61% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.0M
to officers and key staff · 11% of spending
Looks good: pay to officers and key staff is 11% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 3.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$6.8M
89% of total assets
Concern: liabilities are 89% of assets; over 80%.
Pt X · Ln 26
Independent board members
21
of 21 voting members
Looks good: 21 of 21 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$7.7M
-37% vs prior year
Spent
$9.1M
To programs
61%
Net assets
$876K
By yearFY2020–FY2024
Revenue
$7.7M
FY2022▼ -37%
Tap a bar for its year
Revenue by fiscal year
FY2020$10.0M
FY2021$12.2M
FY2022$7.7M
FY2023$11.6M
FY2024$11.4M
Expenses
$9.1M
FY2022-0.4%
Tap a bar for its year
Expenses by fiscal year
FY2020$9.5M
FY2021$9.2M
FY2022$9.1M
FY2023$11.0M
FY2024$10.8M
Net assets
$876K
FY2022▼ -62%
Tap a bar for its year
Net assets by fiscal year
FY2020−$696K
FY2021$2.3M
FY2022$876K
FY2023$1.5M
FY2024$1.9M

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 Mar 1989.

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

Where the money goes

61 cents of each dollar spent went to programs.

Program services 61% · $5.6M Management & general 26% · $2.4M Fundraising 13% · $1.2M

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

28 people listed on the 990; $1.0M paid to officers and key staff.

Part VII, Section A · reportable compensation
President
$242,567Pt VII · Sec A
Computational Hydrology
$144,735Pt VII · Sec A
Vice President of Water
$144,242Pt VII · Sec A
Vice President of People & Operations
$135,402Pt VII · Sec A
Regional Vice President California
$132,924Pt VII · Sec A
Vice President of Initiatives
$128,672Pt VII · Sec A
Vice President of Finance & Policy
$117,879Pt VII · Sec A
$0Pt VII · Sec A

Joe Whitworth’s $263K as President is at the 49th percentile of top reported officer pay among 225 $10–100M animals 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 · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Joe Whitworth$262,714$242,351$242,567$242,501$244,417
Renai Bell$182,125————
Renai Bell Senior—$176,935———
David Primozich$161,381$151,002$144,242$149,875$137,146
Dylan Harp$155,858————
Kimberlee Obilana$153,392$140,326$135,402$130,840$112,577
Dylan Harp Scientist II—$151,627$144,735——
Erik Ringelberg$145,646$140,966$132,924$132,784$126,548

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.

See The Freshwater Trust 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 15aYes

Programs and updates

Preserves and restores freshwater ecosystems for a healthier planet.

Questions for The Freshwater Trust

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Provided by the organization

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3 programs · $5.6M · in their own filed words · FY2022
01

Water Quality Trading & Watershed Analytics

The freshwater trust uses data to identify and illustrate the specific action or actions necessary to change the trajectory of a watershed's current condition; uses that insight to drive the policy changes, funders, and social buy-in necessary to understand and implement that optimal pathway; and then develops the OPERATIONAL/SUPPLY…

$2.8Mprogram expense
02

Habitat

The freshwater trust actively restores aquatic habitat in the western united states through its habitat restoration program. From placing logs instream to create river complexity and planting trees to stabilize streambanks and provide shade to lower water temperature, the organization advances science-based, ecologically-sound…

$2.7Mprogram expense
03

Flow

The freshwater trust restores stream flows by working collaboratively with willing landowners. The organization uses a variety of cooperative solutions, including financial compensation, technical assistance and expert advice to keep more water in our streams and rivers.

$92Kprogram 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 · FY2025
Total grants receivedfrom 1 funder$10K

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$7.7M
Ln 12
Gifts and grantsLn 1h$4.1M
Fees for servicesLn 2g$3.7M
Investment incomeLn 3$5K
Money outPt IX
$9.1M
Ln 25
Programscol B$5.6M
Managementcol C$2.4M
Fundraisingcol D$1.2M
Owns and owesPt X
$876K
net assets · Ln 32
Cash and savingsLn 1–2$2.9M
Total assetsLn 16$7.7M
LiabilitiesLn 26$6.8M
PeoplePt VI, VII
28
listed · VII A
PaidVII A7
Voting boardVI 1a21
IndependentVI 1b21
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$4.1M
Government grantsLn 1e$1.2M
Noncash giftsLn 1g$245K
Fundraising eventsLn 1c$532K
Fees for servicesLn 2g$3.7M
Investment incomeLn 3$5K
Gains on assetsLn 7−$258
Total revenueLn 12$7.7M
Assets in detailPt X, end of year
CashLn 1$2.7M
SavingsLn 2$203K
Cash and savings togetherLn 1–2$2.9M
InvestmentsLn 11–13$158K
Land, buildings, equipmentLn 10c$168K
Other assetsLn 15$1.5M
Total assetsLn 16$7.7M
LiabilitiesLn 26$6.8M
Net assetsLn 32$876K
OperationsPt I, VI
EmployeesI 557
VolunteersI 623
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$4.7M$2.9M
InvestmentsLn 11–13$185K$158K
Land, buildings, equipmentLn 10c$202K$168K
Total assetsLn 16$7.2M$7.7M
LiabilitiesLn 26$4.9M$6.8M
Net assetsLn 32$2.3M$876K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$400K$94K$112K$194K
Other salaries and wagesLn 7$3.5M$2.1M$953K$464K
Pension plan contributionsLn 8$184K$106K$50K$28K
Other employee benefitsLn 9$546K$281K$164K$101K
Payroll taxesLn 10$338K$188K$92K$58K
Legal feesLn 11b$9K$6K$3K
Accounting feesLn 11c$88K$88K
Lobbying feesLn 11d$153K$153K
Professional fundraising feesLn 11e$130K$130K
Investment management feesLn 11f$1K$1K
Other fees for servicesLn 11g$2.1M$2.1M$42K
Advertising and promotionLn 12$164K$66K$30K$68K
Office expensesLn 13$83K$3K$54K$26K
Information technologyLn 14$126K$28K$92K$6K
OccupancyLn 16$318K$3K$314K
TravelLn 17$69K$62K$7K$622
Conferences, conventions and meetingsLn 19$28K$9K$19K
InterestLn 20$48K$48K
Depreciation, depletion and amortizationLn 22$208K$208K
InsuranceLn 23$54K$54K
Other expenses (24a–d)Ln 24$457K$353K$41K$63K
All other expensesLn 24e$62K$4K$39K$19K
Total functional expensesLn 25$9.1M$5.6M$2.4M$1.2M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $11.4M$10.8M$574K$1.9M 990 PDF
FY2023 $11.6M$11.0M$633K$1.5M 990 PDF
FY2022 Viewing $7.7M$9.1M−$1.4M$876K 990 PDF
FY2021 $12.2M$9.2M$3.0M$2.3M 990 PDF
FY2020 $10.0M$9.5M$527K−$696K 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 FY2022 990 (6 parts)
Part I · Summary $7,682,823 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $7,320,327$4,128,430
I-9 Program service revenuePrior year $4,869,883$3,694,299
I-10 Investment incomePrior year $14,077$4,588
I-11 Other revenuePrior year −$45,915−$144,494
I-12 Total revenuePrior year $12,158,372$7,682,823
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $4,360,959$4,994,450
I-16a Professional fundraising feesPrior year $215,000$129,750
I-17 Other expensesPrior year $4,577,063$3,994,126
I-18 Total expensesPrior year $9,153,022$9,118,326
I-19 Revenue less expensesPrior year $3,005,350−$1,435,503
Part VI · Governance 21 of 21 board members independent, no flags
VI-1a Voting members of the governing body21
VI-1b Independent voting members21
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $7,682,823 across 10 lines filed
VIII-1c Fundraising events$531,557
VIII-1e Government grants$1,201,925
VIII-1f All other contributions, gifts and grants$2,394,948
VIII-1g Noncash contributions (included above)$244,740
VIII-1h Total contributions, gifts and grants$4,128,430
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $3,694,299$3,694,299
VIII-3 Investment incomeExcluded from tax $4,846$4,846
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$258−$258
VIII-8 Net income from fundraising eventsExcluded from tax −$144,494−$144,494
VIII-12 Total revenueRelated to mission $3,694,299 · Unrelated business $0 · Excluded from tax −$139,906$7,682,823
Part IX · Statement of functional expenses $9,118,326 across 22 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $93,887 · Management $111,605 · Fundraising $194,075$399,567
IX-7 Other salaries and wagesPrograms $2,110,057 · Management $953,449 · Fundraising $463,601$3,527,107
IX-8 Pension plan contributionsPrograms $105,720 · Management $49,890 · Fundraising $28,101$183,711
IX-9 Other employee benefitsPrograms $280,678 · Management $164,286 · Fundraising $101,314$546,278
IX-10 Payroll taxesPrograms $188,038 · Management $91,888 · Fundraising $57,861$337,787
IX-11b Legal feesPrograms $5,907 · Management $2,677$8,584
IX-11c Accounting feesManagement $87,544$87,544
IX-11d Lobbying feesPrograms $153,405$153,405
IX-11e Professional fundraising feesFundraising $129,750$129,750
IX-11f Investment management feesManagement $1,462$1,462
IX-11g Other fees for servicesPrograms $2,083,932 · Management $42,498$2,126,430
IX-12 Advertising and promotionPrograms $65,573 · Management $30,470 · Fundraising $67,565$163,608
IX-13 Office expensesPrograms $3,489 · Management $53,979 · Fundraising $25,707$83,175
IX-14 Information technologyPrograms $28,388 · Management $91,848 · Fundraising $5,705$125,941
IX-16 OccupancyPrograms $3,492 · Management $314,316$317,808
IX-17 TravelPrograms $62,075 · Management $6,643 · Fundraising $622$69,340
IX-19 Conferences, conventions and meetingsPrograms $9,074 · Management $19,173$28,247
IX-20 InterestManagement $47,931$47,931
IX-22 Depreciation, depletion and amortizationManagement $207,650$207,650
IX-23 InsuranceManagement $54,222$54,222
IX-24 Other expenses (24a–d)Programs $352,870 · Management $41,067 · Fundraising $62,995$456,932
IX-24e All other expensesPrograms $4,002 · Management $39,183 · Fundraising $18,662$61,847
IX-25 Total functional expensesPrograms $5,550,587 · Management $2,411,781 · Fundraising $1,155,958$9,118,326
Part X · Balance sheet $7,678,913 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $4,465,475$2,669,164
X-2 Savings and temporary cash investmentsStart of year $202,174$202,685
X-3 Pledges and grants receivableStart of year $680,014$666,686
X-4 Accounts receivableStart of year $772,555$1,397,427
X-9 Prepaid expenses and deferred chargesStart of year $71,492$121,426
X-10c Land, buildings and equipment, netStart of year $202,426$168,220
X-12 Other securitiesStart of year $184,526$158,361
X-14 Intangible assetsStart of year $398,269$758,663
X-15 Other assetsStart of year $226,909$1,536,281
X-16 Total assetsStart of year $7,203,840$7,678,913
X-17 Accounts payable and accrued expensesStart of year $371,838$502,633
X-19 Deferred revenueStart of year $2,597,200$2,910,995
X-24 Unsecured notes and loans payableStart of year $1,900,000$1,900,000
X-25 Other liabilitiesStart of year $0$1,489,227
X-26 Total liabilitiesStart of year $4,869,038$6,802,855
X-27 Net assets without donor restrictionsStart of year $1,784,990$392,780
X-28 Net assets with donor restrictionsStart of year $549,812$483,278
X-32 Total net assets or fund balancesStart of year $2,334,802$876,058
X-33 Total liabilities and net assetsStart of year $7,203,840$7,678,913
Part XI · Reconciliation of net assets $876,058 net assets at year end
XI-1 Total revenue$7,682,823
XI-2 Total expenses$9,118,326
XI-3 Revenue less expenses−$1,435,503
XI-4 Net assets at start of year$2,334,802
XI-5 Net unrealized gains (losses) on investments−$18,241
XI-9 Other changes in net assets−$5,000
XI-10 Net assets at end of year$876,058

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

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