Form 990 for tax year 2024
Filed by MEMPHREMAGOG WATERSHED ASSOCIATION.
Totals
- Total revenue
- $614,190
- Total expenses
- $571,329
- Contributions and grants received
- $13,468
- Grants paid
- $117,715
- Program service revenue
- $597,849
- Investment income
- $2,873
- Other revenue
- $0
- Total assets, end of year
- $167,643
- Total liabilities, end of year
- $29,442
- Net assets or fund balances, end of year
- $138,201
- Program services expenses (Part IX)
- $564,908
- Management and general expenses
- $6,421
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $564,908
Program services were 98.9% 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
$6,275
-
1c · Fundraising events
$370
-
1f · All other contributions, gifts and grants
$6,823
-
2a · Program service revenue: PROGRAM SERVICE
total $597,849 · related or exempt $597,849
-
3 · Investment income
total $2,873 · related or exempt $2,873
-
8a · Fundraising events: contributions included on line 1c
$370
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $116,215 · program services $116,215
-
2 · Grants to domestic individuals
total $1,500 · program services $1,500
-
7 · Other salaries and wages
total $175,826 · program services $175,826
-
9 · Other employee benefits
total $639 · program services $639
-
10 · Payroll taxes
total $13,451 · program services $13,451
-
11c · Fees: accounting
total $1,274 · management and general $1,274
-
11g · Fees: other
total $500 · program services $500
-
12 · Advertising and promotion
total $770 · management and general $770
-
13 · Office expenses
total $1,270 · management and general $1,270
-
14 · Information technology
total $429 · management and general $429
-
16 · Occupancy
total $7,694 · program services $7,050 · management and general $644
-
23 · Insurance
total $2,389 · program services $355 · management and general $2,034
-
24a · Other expenses: GRANT EXPENSES
total $243,728 · program services $243,728
-
24b · Other expenses: PROGRAM SERVICE - GENERAL
total $5,644 · program services $5,644
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $121,511 · end of year $143,402
-
4 · Accounts receivable
beginning of year $12,049 · end of year $24,241
-
25 · Other liabilities
beginning of year $38,220 · end of year $29,442
-
27 · Net assets without donor restrictions
beginning of year $95,340 · end of year $138,201
Mission and programs · 2024
Mission
TO PROMOTE PARTICIPATION IN THE CONSERVATION AND IMPROVEMENT OF THE MEMPHREMAGOG WATERSHED, TO MONITOR AND PROTECT QUALITY AND WILDLIFE HABITAT, AND TO PRESERVE THE SCENIC, HISTORIC AND ECOLOGICAL INTEGRITY OF THE WATERSHED.
-
AQUATIC NUISANCE CONTROL GRANT (ANC) - REGIONAL PARTNER - COORDINATE AND OVERSEEE FOR THE STATE GRANT PROGRAM THAT IS DESIGNED TO CONTROL AND REDUCE THE SPREAD OF AQUATIC INVASIVE SPECIES. BENEFITS ALL LAKESHORE RESIDENTS AND USERS OF THE AREA WATERS - ESTIMATED TO BE 300,000 PEOPLE.
Expenses $125,979 · Grants $116,215 · Revenue $125,835
-
VERMONT FISH & WILDLIFE/GREAT LAKES FISHERIES COMMISSION - RIPARIAN LANDS GRANT/CLYDE RIVER WATERSHED: MAP, ASSESS AND PRIORITIZE RIPARIAN LANDS FOR LAND OWNER LEAD CONSERVATION AND RESTORATION OF BUFFER ZONE. DIRECT LANDOWNER BENEFIT APPROXIMATELY 725, INDIRECT BENEFIT OF ALL LAKE USERS ESTIMATED AT 170,000
-
WATERSHED UNITED VERMONT (1) ANNUAL OPERATIONAL SUPPORT GRANT: ASSIST VERMONT DEPARTMENT OF ENVIRONMENTAL CONSERVATION STAFF WITH THE UPDATING AND IMPLEMENTING THE MEMPHREMAGOG TACTICAL BASIN PLAN; (2) MISCELLANEOUS MUNICIPAL STORMWATER IMPROVEMENT GRANTS: IMPLEMENTING STORMWATER PROJECTS IN COMMUNITIES. BENEFIT ALL WATERSHED RESIDENTS AND USERS - 300,000.
-
SCHOLARSHIP PROGRAM: SCHOLARSHIPS FOR HIGH SCHOOL SENIORS CONTINUING ONTO COLLEGE WITH A SCIENCE OR ENVIRONMENTAL SCIENCE MAJOR. THREE GRANTS AWARDED FOR THE YEAR = 1,500
Expenses $438,929 · Grants $1,500
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
FARLEY BROWN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
STAN CHOP
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
DAVID CONVERSE
EX OFFICIO
- Total calculated
- $0
- Hours/week
- 1
-
MICHAEL CROTEAUX
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
KAREN HRUBY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
BETH TORPEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
PATRICIA GOULDING
SECRETARY
- Total calculated
- $0
- Hours/week
- 3
-
JENNIFER HOPKINS
TREASURER
- Total calculated
- $0
- Hours/week
- 4
-
THOMAS LATTA
PRESIDENT
- Total calculated
- $0
- Hours/week
- 3
-
MARIANNE MACKENZIE
VICE PRESIDE
- Total calculated
- $0
- Hours/week
- 3
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
-
TOWN OF DERBY
$25,668
-
TOWN OF MORGAN
$22,016
-
TOWN OF WESTMORE
$17,847
-
TOWN OF GLOVER
$15,625
-
TOWN OF NEWPORT CENTER
$14,368
-
TOWN OF BRIGHTON
$8,194
-
TOWN OF MAIDSTONE
$6,364
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 14 November 2025
- IRS schema version
- 2024v5.0
- Source object
- 202513189349314446
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