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Nonprofiteer
← FRESHWATER SOCIETY

Form 990 for tax year 2024

Filed by FRESHWATER SOCIETY.

Totals

Total revenue
$1,422,614
Total expenses
$1,953,357
Contributions and grants received
$638,490
Grants paid
$140,735
Program service revenue
$142,181
Investment income
$485,863
Other revenue
$156,080
Total assets, end of year
$4,904,711
Total liabilities, end of year
$325,128
Net assets or fund balances, end of year
$4,579,583
Program services expenses (Part IX)
$1,328,992
Management and general expenses
$459,750
Fundraising expenses
$164,615
Program service expenses (Part III)
$1,328,992

Program services were 68.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1b · Membership dues

    $29,171

  • 1e · Government grants (contributions)

    $975

  • 1f · All other contributions, gifts and grants

    $608,344

  • 2a · Program service revenue: CONTRACT REVENUE

    total $133,481 · related or exempt $133,481

  • 2b · Program service revenue: WATER CONSERVATION EDUCATION

    total $8,700 · related or exempt $8,700

  • 3 · Investment income

    total $85,929 · excluded $85,929

  • 7a · Gross sales of assets other than inventory

    securities $1,474,306

  • 7b · Less cost or other basis and sales expenses

    securities $1,074,372

  • 7c · Gain or loss

    securities $399,934

  • 7d · Net gain or loss

    total $399,934 · excluded $399,934

  • 10a · Gross sales of inventory

    $274,933

  • 10b · Cost of goods sold

    $119,319

  • 10c · Net income from sales of inventory

    total $155,614 · related or exempt $155,614

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $466 · excluded $466

  • 11e · Other revenue, total

    $466

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $140,735 · program services $140,735

  • 5 · Compensation of officers, directors and key employees

    total $315,203 · program services $141,167 · management and general $156,141 · fundraising $17,895

  • 7 · Other salaries and wages

    total $715,800 · program services $536,799 · management and general $81,741 · fundraising $97,260

  • 8 · Pension plan contributions

    total $30,301 · program services $19,347 · management and general $7,501 · fundraising $3,453

  • 9 · Other employee benefits

    total $67,608 · program services $27,506 · management and general $35,129 · fundraising $4,973

  • 10 · Payroll taxes

    total $68,489 · program services $46,796 · management and general $13,700 · fundraising $7,993

  • 11b · Fees: legal

    total $6,983 · management and general $6,983

  • 11c · Fees: accounting

    total $31,478 · management and general $31,478

  • 11d · Fees: lobbying

    total $33,333 · program services $33,333

  • 11f · Fees: investment management

    total $49,265 · management and general $49,265

  • 11g · Fees: other

    total $229,136 · program services $225,784 · management and general $3,305 · fundraising $47

  • 12 · Advertising and promotion

    total $4,716 · program services $4,172 · management and general $351 · fundraising $193

  • 13 · Office expenses

    total $65,558 · program services $49,836 · management and general $7,123 · fundraising $8,599

  • 14 · Information technology

    total $24,550 · program services $10,575 · management and general $12,245 · fundraising $1,730

  • 16 · Occupancy

    total $74,778 · program services $44,421 · management and general $23,041 · fundraising $7,316

  • 17 · Travel

    total $22,386 · program services $21,182 · management and general $205 · fundraising $999

  • 19 · Conferences, conventions and meetings

    total $21,271 · program services $11,286 · management and general $2,333 · fundraising $7,652

  • 22 · Depreciation, depletion and amortization

    total $5,327 · program services $3,569 · management and general $1,172 · fundraising $586

  • 23 · Insurance

    total $19,981 · management and general $19,981

  • 24a · Other expenses: MEMBERSHIPS

    total $10,167 · program services $6,364 · management and general $2,773 · fundraising $1,030

  • 24b · Other expenses: FEES AND MISCELLANEOUS

    total $8,504 · program services $480 · management and general $5,085 · fundraising $2,939

  • 24c · Other expenses: STAFF TRAINING

    total $7,788 · program services $5,640 · management and general $198 · fundraising $1,950

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,197 · end of year $2,237

  • 2 · Savings and temporary cash investments

    beginning of year $47,333 · end of year $149,179

  • 3 · Pledges and grants receivable

    beginning of year $1,058,167

  • 4 · Accounts receivable

    beginning of year $7,924 · end of year $98,887

  • 8 · Inventories for sale or use

    beginning of year $31,417 · end of year $31,740

  • 9 · Prepaid expenses and deferred charges

    beginning of year $16,851 · end of year $23,168

  • 10a · Land, buildings and equipment: cost or other basis

    $49,587

  • 10b · Land, buildings and equipment: accumulated depreciation

    $45,583

  • 10c · Land, buildings and equipment, net

    beginning of year $9,331 · end of year $4,004

  • 11 · Investments: publicly traded securities

    beginning of year $5,104,820 · end of year $4,307,928

  • 15 · Other assets

    beginning of year $124,087 · end of year $287,568

  • 17 · Accounts payable and accrued expenses

    beginning of year $69,619 · end of year $83,384

  • 25 · Other liabilities

    beginning of year $122,633 · end of year $241,744

  • 27 · Net assets without donor restrictions

    beginning of year $4,771,896 · end of year $4,579,583

  • 28 · Net assets with donor restrictions

    beginning of year $1,437,979 · end of year $0

Mission and programs · 2024

Mission

INSPIRING AND EMPOWERING PEOPLE TO VALUE AND PRESERVE OUR FRESHWATER RESOURCES.

  • EDUCATION AND ENGAGEMENT:WE LED IMPACTFUL COMMUNITY OUTREACH AND ENGAGEMENT INITIATIVES, INCLUDING THE MN WATER STEWARDS PROGRAM, LEADING THE MINNESOTA WATER WORKFORCE TEAM, OUR NATURE-BASED EDUCATION WORK WITH THE TEACHER FIELD SCHOOL, GROWING GREATER LAKES PROMISE TO BUILD LAND CONSERVATION TO IMPROVE WATER QUALITY IN THE GREAT LAKES. THE WEATHERGUIDE CONTINUED TO INSPIRE ENVIRONMENTAL STEWARDSHIP, WITH EFFORTS TO STREAMLINE PRODUCTION AND CONNECT WITH THOUSANDS OF PEOPLE. THROUGH EVENTS, PRESENTATIONS, AND PARTNERSHIPS, WE ELEVATED WATER STEWARDSHIP AWARENESS AND WORKFORCE PATHWAYS. POLICY:WE STRENGTHENED OUR ADVOCACY EFFORTS BY CREATING A CROSS-FUNCTIONAL POLICY TEAM TO ADDRESS WATER ISSUES AT LOCAL, STATE, AND FEDERAL LEVELS. HIGHLIGHTS INCLUDE NATIONAL WORK ON SMART DATA CENTER SITING, TESTIFYING AT THE MINNESOTA LEGISLATURE, ENGAGING WITH STATE AND EIGHT FEDERAL LEGISLATIVE LEADERS, AND PARTICIPATING IN THE NATIONAL WATER POLICY FLY-IN. OUR TEAM CHAMPIONED CRITICAL ISSUES LIKE SUSTAINABLE WATER SUPPLY, NITRATE CONTAMINATION, ACCESS TO SAFE DRINKING WATER, AND INFRASTRUCTURE FUNDING, ENSURING A STRONG VOICE FOR WATER QUALITY AND ACCESSIBILITY.RESEARCH:WE ADVANCED WATER RESEARCH BY SEVERAL COLLABORATIVE EFFORTS INCLUDING COMPLETING OUR REPORT ON GROUNDWATER GOVERNANCE STRATEGIES FOR EPA REGION 5, SUPPORTED INITIATIVES LIKE THE ST. ANTHONY FALLS CUTOFF WALL INVESTIGATION, CONTINUED TO ASSIST WITH A MANAGED AQUIFER RECHARGE STUDY WITH THE UNIVERSITY OF MINNESOTA, AND CIRCULAR WATER ECONOMY EVALUATIONS. PRESENTATIONS AT KEY FORUMS AND ACTIVE PURSUIT OF STATEWIDE WATER REUSE PLANNING SOLIDIFIED OUR ROLE AS LEADERS IN WATER RESEARCH AND INNOVATION.

    Expenses $1,328,992 · Grants $140,735 · Revenue $297,795

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Dave Leuthe

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Laura Pagano

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Corey Lohmiller

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Doug Thomas

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Josephine Marcotty

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Beth Carreno

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jacques Finlay

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ryan Godfrey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Barb Huberty

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jeremy Lenz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ali Ling

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sam Lobby

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Renee Willette

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Wade Campbell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Risikat Adesaogun

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ryan Hurt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tyler Johnson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jill Lucas

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Aaron Tinjum

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Michelle Stockness

    EXECUTIVE DIRECTOR

    Total calculated
    $190,260
    From this org
    $177,400
    From related orgs
    $0
    Other
    $12,860
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $152,400
    Bonus
    $25,000
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $12,860
    Filer's total
    $190,260

  • Cathy Rucci

    FINANCE DIRECTOR

    Total calculated
    $88,313
    From this org
    $80,769
    From related orgs
    $0
    Other
    $7,544
    Hours/week
    40

  • Andrea Todd

    FORMER FINANCE DIRECTOR

    Total calculated
    $16,082
    From this org
    $16,082
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Carrie Jennings

    RESEARCH AND POLICY DIRECTOR

    Total calculated
    $131,804
    From this org
    $119,477
    From related orgs
    $0
    Other
    $12,327
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Provenance

Return type
form_990
Tax year
2024
Filed
17 February 2026
IRS schema version
2024v5.5
Source object
202610499349301626

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