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Nonprofiteer
← FRESHWATER SOCIETY

Form 990 for tax year 2023

Filed by FRESHWATER SOCIETY.

Totals

Total revenue
$1,179,849
Total expenses
$2,133,891
Contributions and grants received
$814,657
Grants paid
$749,633
Program service revenue
$36,300
Investment income
$216,999
Other revenue
$111,893
Total assets, end of year
$6,402,127
Total liabilities, end of year
$192,252
Net assets or fund balances, end of year
$6,209,875
Program services expenses (Part IX)
$1,668,455
Management and general expenses
$348,314
Fundraising expenses
$117,122
Program service expenses (Part III)
$1,668,455

Program services were 78.2% 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

    $27,828

  • 1e · Government grants (contributions)

    $100

  • 1f · All other contributions, gifts and grants

    $786,729

  • 2a · Program service revenue: Water Conservation Ed.

    total $36,300 · related or exempt $36,300

  • 3 · Investment income

    total $96,781 · excluded $96,781

  • 7a · Gross sales of assets other than inventory

    securities $739,352

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

    securities $619,134

  • 7c · Gain or loss

    securities $120,218

  • 7d · Net gain or loss

    total $120,218 · excluded $120,218

  • 10a · Gross sales of inventory

    $221,416

  • 10b · Cost of goods sold

    $109,523

  • 10c · Net income from sales of inventory

    total $111,893 · related or exempt $111,893

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $544,639 · program services $544,639

  • 2 · Grants to domestic individuals

    total $204,994 · program services $204,994

  • 5 · Compensation of officers, directors and key employees

    total $292,899 · program services $209,323 · management and general $58,999 · fundraising $24,577

  • 7 · Other salaries and wages

    total $538,200 · program services $383,323 · management and general $109,340 · fundraising $45,537

  • 8 · Pension plan contributions

    total $20,816 · program services $12,985 · management and general $6,239 · fundraising $1,592

  • 9 · Other employee benefits

    total $30,616 · program services $24,392 · management and general $4,099 · fundraising $2,125

  • 10 · Payroll taxes

    total $58,791 · program services $42,003 · management and general $11,919 · fundraising $4,869

  • 11b · Fees: legal

    total $1,440 · management and general $1,440

  • 11c · Fees: accounting

    total $20,500 · management and general $20,500

  • 11f · Fees: investment management

    total $52,074 · management and general $52,074

  • 11g · Fees: other

    total $95,727 · program services $70,092 · management and general $17,681 · fundraising $7,954

  • 12 · Advertising and promotion

    total $3,968 · program services $3,320 · management and general $637 · fundraising $11

  • 13 · Office expenses

    total $38,805 · program services $33,941 · management and general $3,140 · fundraising $1,724

  • 14 · Information technology

    total $7,506 · program services $3,425 · management and general $3,439 · fundraising $642

  • 16 · Occupancy

    total $101,927 · program services $56,336 · management and general $34,490 · fundraising $11,101

  • 17 · Travel

    total $29,994 · program services $28,852 · management and general $917 · fundraising $225

  • 19 · Conferences, conventions and meetings

    total $16,673 · program services $11,582 · management and general $3,268 · fundraising $1,823

  • 22 · Depreciation, depletion and amortization

    total $8,331 · program services $4,690 · management and general $2,756 · fundraising $885

  • 23 · Insurance

    total $18,804 · program services $10,587 · management and general $6,220 · fundraising $1,997

  • 24a · Other expenses: Supplies and Minor Equi

    total $16,279 · program services $2,770 · management and general $7,084 · fundraising $6,425

  • 24b · Other expenses: Fees and miscellaneous

    total $12,994 · program services $7,880 · management and general $2,580 · fundraising $2,534

  • 24c · Other expenses: Memberships

    total $9,431 · program services $5,521 · management and general $1,314 · fundraising $2,596

  • 24d · Other expenses: Staff Training

    total $8,305 · program services $7,800 · fundraising $505

  • 24e · All other expenses

    total $178 · management and general $178

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,294 · end of year $2,197

  • 2 · Savings and temporary cash investments

    beginning of year $221,644 · end of year $47,333

  • 3 · Pledges and grants receivable

    beginning of year $1,259,793 · end of year $1,058,167

  • 4 · Accounts receivable

    beginning of year $274 · end of year $7,924

  • 8 · Inventories for sale or use

    beginning of year $30,160 · end of year $31,417

  • 9 · Prepaid expenses and deferred charges

    beginning of year $27,392 · end of year $16,851

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

    $49,587

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

    $40,256

  • 10c · Land, buildings and equipment, net

    beginning of year $17,662 · end of year $9,331

  • 11 · Investments: publicly traded securities

    beginning of year $5,246,392 · end of year $5,104,820

  • 15 · Other assets

    beginning of year $175,670 · end of year $124,087

  • 17 · Accounts payable and accrued expenses

    beginning of year $76,121 · end of year $69,619

  • 25 · Other liabilities

    beginning of year $177,098 · end of year $122,633

  • 27 · Net assets without donor restrictions

    beginning of year $4,986,338 · end of year $4,771,896

  • 28 · Net assets with donor restrictions

    beginning of year $1,744,724 · end of year $1,437,979

Mission and programs · 2023

Mission

Inspiring and empowering people to value and preserve our freshwater resources.

Activities or mission (Part I)

Educating and inspiring people to value, conserve, and protect freshwater resources.

  • Education and Engagement:We led impactful community outreach initiatives, including the Minnesota Department of Health's State Drinking Water Action Plan, the MN Water Stewards program, the Lake of the Isles Trash Boom project, our nature-based education work with teachers, and the creation of Greater Lakes Promise to partner on land conservation for water quality. The Weather guide 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, culminating in national recognition and local awards. Our efforts included facilitating strategic plans, hosting anniversary celebrations, and representing Minnesota at key national water summits.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 testifying at the Minnesota Legislature, engaging 19 state and eight federal legislative leaders, and participating in Farm Bill reviews and national water priorities discussions. Our team championed critical issues like nitrate contamination, access to safe drinking water, and infrastructure funding, funding for local units of government, ensuring a strong voice for water quality and accessibility.Research:We advanced water research by launching innovative projects on sustainable water supply, climate smart strategies, and regenerative agriculture. Collaborative efforts with tribal communities, universities, and national organizations supported initiatives like the St. Anthony Falls Cutoff Wall investigation, managed aquifer recharge studies, our Groundwater Governance project, 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 $1,668,455 · Grants $749,633 · Revenue $148,193

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Josephine Marcotty

    Chair

    Total calculated
    $0
    Hours/week
    1

  • Dave Leuthe

    Vice Chair

    Total calculated
    $0
    Hours/week
    1

  • Wade Campbell

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Renee Willette

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Ryan Godrey

    Outgoing Chair

    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

  • Jeremy Lenz

    Director

    Total calculated
    $0
    Hours/week
    1

  • Ali Ling

    Director

    Total calculated
    $0
    Hours/week
    1

  • Corey Lohmiller

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jill Lucas

    Director

    Total calculated
    $0
    Hours/week
    1

  • Laura Pagano

    Director

    Total calculated
    $0
    Hours/week
    1

  • Doug Thomas

    Director

    Total calculated
    $0
    Hours/week
    1

  • Aaron Tinjum

    Director

    Total calculated
    $0
    Hours/week
    1

  • Don Davies

    Former Finance Director

    Total calculated
    $88,815
    From this org
    $85,289
    From related orgs
    $0
    Other
    $3,526
    Hours/week
    20

  • Michelle Stockness

    Executive Director

    Total calculated
    $82,502
    From this org
    $77,097
    From related orgs
    $0
    Other
    $5,405
    Hours/week
    40

  • Andrea Todd

    Finance Director

    Total calculated
    $7,823
    From this org
    $7,823
    From related orgs
    $0
    Other
    $0
    Hours/week
    20

  • Carrie Jennings

    Research and Policy Director

    Total calculated
    $118,313
    From this org
    $106,408
    From related orgs
    $0
    Other
    $11,905
    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.

Grants on this return

Provenance

Return type
form_990
Tax year
2023
Filed
13 May 2025
IRS schema version
2023v6.0
Source object
202501349349302465

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