The Freshwater Trust FY2023 filing

Tax-deductible

Portland, OR501(c)(3)Since 1983AnimalsEIN 93-0843521Revenue $11.6M in FY2023

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.
62¢ of each $1 spent went to programs.
$1.1M 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

FY2023 · 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
62%
of spending
Worth a look: 62% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.1M
to officers and key staff · 10% of spending
Looks good: pay to officers and key staff is 10% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Looks good: 3.2 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
$6.4M
81% of total assets
Concern: liabilities are 81% 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
$11.6M
+52% vs prior year
Spent
$11.0M
To programs
62%
Net assets
$1.5M
By yearFY2020–FY2024
Revenue
$11.6M
FY2023▲ +52%
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
$11.0M
FY2023▲ +21%
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
$1.5M
FY2023▲ +68%
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 FY2023 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 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

62 cents of each dollar spent went to programs.

Program services 62% · $6.8M Management & general 29% · $3.2M Fundraising 10% · $1.1M

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; $1.1M paid to officers and key staff.

Part VII, Section A · reportable compensation
President
$242,351Pt VII · Sec A
Director of Products & Analytics
$176,935Pt VII · Sec A
Computational Hydrology
$151,627Pt VII · Sec A
Vice President of Water
$151,002Pt VII · Sec A
Regional Vice President California
$140,966Pt VII · Sec A
Vice President of People & Operations
$140,326Pt VII · Sec A
Vice President of Finance & Policy
$126,120Pt 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.

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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 · $6.8M · in their own filed words · FY2023
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…

$4.8Mprogram 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…

$1.8Mprogram 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.

$125Kprogram 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 FY2023 990, line by line.

1The main four
Money inPt VIII
$11.6M
Ln 12
Gifts and grantsLn 1h$6.4M
Fees for servicesLn 2g$5.4M
Investment incomeLn 3$6K
Money outPt IX
$11.0M
Ln 25
Programscol B$6.8M
Managementcol C$3.2M
Fundraisingcol D$1.1M
Owns and owesPt X
$1.5M
net assets · Ln 32
Cash and savingsLn 1–2$2.9M
Total assetsLn 16$7.8M
LiabilitiesLn 26$6.4M
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$6.4M
Government grantsLn 1e$2.6M
Noncash giftsLn 1g$227K
Fundraising eventsLn 1c$548K
Fees for servicesLn 2g$5.4M
Investment incomeLn 3$6K
Gains on assetsLn 7−$402
Total revenueLn 12$11.6M
Assets in detailPt X, end of year
CashLn 1$2.8M
SavingsLn 2$95K
Cash and savings togetherLn 1–2$2.9M
InvestmentsLn 11–13$167K
Land, buildings, equipmentLn 10c$117K
Other assetsLn 15$881K
Total assetsLn 16$7.8M
LiabilitiesLn 26$6.4M
Net assetsLn 32$1.5M
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 FY23End FY23
Cash and savingsLn 1–2$2.9M$2.9M
InvestmentsLn 11–13$158K$167K
Land, buildings, equipmentLn 10c$168K$117K
Total assetsLn 16$7.7M$7.8M
LiabilitiesLn 26$6.8M$6.4M
Net assetsLn 32$876K$1.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$433K$151K$110K$173K
Other salaries and wagesLn 7$3.9M$1.9M$1.6M$322K
Pension plan contributionsLn 8$213K$104K$91K$18K
Other employee benefitsLn 9$890K$433K$383K$74K
Payroll taxesLn 10$400K$194K$164K$41K
Legal feesLn 11b$66K$66K
Accounting feesLn 11c$60K$60K
Lobbying feesLn 11d$212K$212K
Investment management feesLn 11f$2K$2K
Other fees for servicesLn 11g$2.9M$2.6M$29K$304K
Advertising and promotionLn 12$29K$2K$27K
Office expensesLn 13$135K$27K$84K$24K
Information technologyLn 14$165K$4K$151K$10K
OccupancyLn 16$346K$172K$174K
TravelLn 17$111K$61K$11K$39K
Conferences, conventions and meetingsLn 19$12K$635$6K$5K
InterestLn 20$72K$72K
Depreciation, depletion and amortizationLn 22$194K$188K$6K
InsuranceLn 23$73K$73K
Other expenses (24a–d)Ln 24$750K$696K$11K$43K
All other expensesLn 24e$31K$18K$13K$251
Total functional expensesLn 25$11.0M$6.8M$3.2M$1.1M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $11.4M$10.8M$574K$1.9M 990 PDF
FY2023 Viewing $11.6M$11.0M$633K$1.5M 990 PDF
FY2022 $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 FY2023 990 (6 parts)
Part I · Summary $11,646,667 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $4,128,430$6,418,920
I-9 Program service revenuePrior year $3,694,299$5,399,994
I-10 Investment incomePrior year $4,588$6,453
I-11 Other revenuePrior year −$144,494−$178,700
I-12 Total revenuePrior year $7,682,823$11,646,667
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 $4,994,450$5,812,676
I-16a Professional fundraising feesPrior year $129,750$0
I-17 Other expensesPrior year $3,994,126$5,200,973
I-18 Total expensesPrior year $9,118,326$11,013,649
I-19 Revenue less expensesPrior year −$1,435,503$633,018
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 $11,646,667 across 10 lines filed
Lines not itemized here account for $10,209 of total revenue; see the IRS return.
VIII-1c Fundraising events$547,973
VIII-1e Government grants$2,591,702
VIII-1f All other contributions, gifts and grants$3,279,245
VIII-1g Noncash contributions (included above)$226,850
VIII-1h Total contributions, gifts and grants$6,418,920
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $5,399,994$5,399,994
VIII-3 Investment incomeExcluded from tax $6,855$6,855
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$402−$402
VIII-8 Net income from fundraising eventsExcluded from tax −$188,909−$188,909
VIII-12 Total revenueRelated to mission $5,399,994 · Unrelated business $0 · Excluded from tax −$172,247$11,646,667
Part IX · Statement of functional expenses $11,013,649 across 21 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $150,582 · Management $109,871 · Fundraising $172,562$433,015
IX-7 Other salaries and wagesPrograms $1,906,625 · Management $1,648,075 · Fundraising $321,666$3,876,366
IX-8 Pension plan contributionsPrograms $103,898 · Management $91,337 · Fundraising $18,207$213,442
IX-9 Other employee benefitsPrograms $432,845 · Management $382,846 · Fundraising $74,186$889,877
IX-10 Payroll taxesPrograms $194,318 · Management $164,377 · Fundraising $41,281$399,976
IX-11b Legal feesManagement $66,147$66,147
IX-11c Accounting feesManagement $60,151$60,151
IX-11d Lobbying feesPrograms $212,026$212,026
IX-11f Investment management feesManagement $1,504$1,504
IX-11g Other fees for servicesPrograms $2,610,835 · Management $28,871 · Fundraising $303,671$2,943,377
IX-12 Advertising and promotionManagement $2,114 · Fundraising $26,563$28,677
IX-13 Office expensesPrograms $26,661 · Management $84,184 · Fundraising $24,379$135,224
IX-14 Information technologyPrograms $4,292 · Management $150,597 · Fundraising $10,458$165,347
IX-16 OccupancyPrograms $172,119 · Management $174,004$346,123
IX-17 TravelPrograms $61,437 · Management $10,797 · Fundraising $38,653$110,887
IX-19 Conferences, conventions and meetingsPrograms $635 · Management $5,699 · Fundraising $5,268$11,602
IX-20 InterestManagement $72,406$72,406
IX-22 Depreciation, depletion and amortizationPrograms $188,048 · Management $5,816$193,864
IX-23 InsuranceManagement $73,380$73,380
IX-24 Other expenses (24a–d)Programs $696,060 · Management $11,117 · Fundraising $42,524$749,701
IX-24e All other expensesPrograms $17,793 · Management $12,513 · Fundraising $251$30,557
IX-25 Total functional expensesPrograms $6,778,174 · Management $3,155,806 · Fundraising $1,079,669$11,013,649
Part X · Balance sheet $7,824,312 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $2,669,164$2,813,175
X-2 Savings and temporary cash investmentsStart of year $202,685$94,551
X-3 Pledges and grants receivableStart of year $666,686$394,915
X-4 Accounts receivableStart of year $1,397,427$2,359,541
X-9 Prepaid expenses and deferred chargesStart of year $121,426$110,858
X-10c Land, buildings and equipment, netStart of year $168,220$117,114
X-12 Other securitiesStart of year $158,361$166,972
X-14 Intangible assetsStart of year $758,663$886,650
X-15 Other assetsStart of year $1,536,281$880,536
X-16 Total assetsStart of year $7,678,913$7,824,312
X-17 Accounts payable and accrued expensesStart of year $502,633$784,529
X-19 Deferred revenueStart of year $2,910,995$2,853,225
X-24 Unsecured notes and loans payableStart of year $1,900,000$1,900,000
X-25 Other liabilitiesStart of year $1,489,227$815,304
X-26 Total liabilitiesStart of year $6,802,855$6,353,058
X-27 Net assets without donor restrictionsStart of year $392,780$273,265
X-28 Net assets with donor restrictionsStart of year $483,278$1,197,989
X-32 Total net assets or fund balancesStart of year $876,058$1,471,254
X-33 Total liabilities and net assetsStart of year $7,678,913$7,824,312
Part XI · Reconciliation of net assets $1,471,254 net assets at year end
XI-1 Total revenue$11,646,667
XI-2 Total expenses$11,013,649
XI-3 Revenue less expenses$633,018
XI-4 Net assets at start of year$876,058
XI-5 Net unrealized gains (losses) on investments$14,516
XI-9 Other changes in net assets−$52,338
XI-10 Net assets at end of year$1,471,254

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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