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Nonprofiteer
← FORTERRA NW

Form 990 for tax year 2023

Filed by FORTERRA NW.

Totals

Total revenue
$4,995,522
Total expenses
$9,940,171
Contributions and grants received
$4,733,935
Grants paid
$1,974,608
Program service revenue
$994,651
Investment income
-$1,268,524
Other revenue
$535,460
Total assets, end of year
$41,939,929
Total liabilities, end of year
$4,897,932
Net assets or fund balances, end of year
$37,041,997
Program services expenses (Part IX)
$7,183,438
Management and general expenses
$1,512,880
Fundraising expenses
$1,243,853
Program service expenses (Part III)
$7,183,438

Program services were 72.3% 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.

  • 1e · Government grants (contributions)

    $2,147,193

  • 1f · All other contributions, gifts and grants

    $2,586,742

  • 1g · Noncash contributions included above

    $22,655

  • 2a · Program service revenue: PROJECT REVENUE

    total $808,150 · related or exempt $808,150

  • 2b · Program service revenue: GOVERNMENT CONTRACTS

    total $186,501 · related or exempt $186,501

  • 3 · Investment income

    total $176,702 · excluded $176,702

  • 6a · Gross rents

    real property $226,985

  • 6b · Less rental expenses

    real property $105,550

  • 6c · Rental income or loss

    real property $121,435

  • 6d · Net rental income or loss

    total $121,435 · excluded $121,435

  • 7a · Gross sales of assets other than inventory

    securities $1,855,465

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

    securities $1,661,580 · other assets $1,639,111

  • 7c · Gain or loss

    securities $193,885 · other assets -$1,639,111

  • 7d · Net gain or loss

    total -$1,445,226 · excluded -$1,445,226

  • 11a · Other revenue: RELOCATION REIMB.

    total $303,185 · excluded $303,185

  • 11b · Other revenue: DEMOLITION REIMB.

    total $110,840 · excluded $110,840

  • 11e · Other revenue, total

    $414,025

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,953,638 · program services $1,953,638

  • 2 · Grants to domestic individuals

    total $20,970 · program services $20,970

  • 5 · Compensation of officers, directors and key employees

    total $1,138,830 · program services $538,459 · management and general $337,433 · fundraising $262,938

  • 7 · Other salaries and wages

    total $2,691,355 · program services $1,806,069 · management and general $438,055 · fundraising $447,231

  • 8 · Pension plan contributions

    total $154,154 · program services $94,567 · management and general $31,561 · fundraising $28,026

  • 9 · Other employee benefits

    total $192,368 · program services $118,010 · management and general $39,385 · fundraising $34,973

  • 10 · Payroll taxes

    total $344,909 · program services $215,791 · management and general $66,769 · fundraising $62,349

  • 11b · Fees: legal

    total $93,777 · program services $66,898 · management and general $15,230 · fundraising $11,649

  • 11c · Fees: accounting

    total $37,938 · program services $27,064 · management and general $6,161 · fundraising $4,713

  • 11d · Fees: lobbying

    total $27,999 · program services $19,974 · management and general $4,547 · fundraising $3,478

  • 11f · Fees: investment management

    total $22,340 · management and general $22,340

  • 11g · Fees: other

    total $1,924,283 · program services $1,372,729 · management and general $312,509 · fundraising $239,045

  • 12 · Advertising and promotion

    total $22,470 · program services $13,482 · management and general $4,798 · fundraising $4,190

  • 14 · Information technology

    total $121,915 · program services $86,971 · management and general $19,799 · fundraising $15,145

  • 16 · Occupancy

    total $88,706 · program services $13,310 · management and general $56,547 · fundraising $18,849

  • 17 · Travel

    total $27,899 · program services $23,247 · management and general $1,923 · fundraising $2,729

  • 20 · Interest

    total $113,088 · program services $113,088

  • 22 · Depreciation, depletion and amortization

    total $176,254 · program services $108,275 · management and general $36,286 · fundraising $31,693

  • 23 · Insurance

    total $179,693 · program services $109,206 · management and general $37,625 · fundraising $32,862

  • 24a · Other expenses: EQUIPMENT RENT & MAINT.

    total $144,095 · program services $66,786 · management and general $55,779 · fundraising $21,530

  • 24b · Other expenses: TAXES

    total $119,412 · program services $118,987 · management and general $425

  • 24c · Other expenses: ACQUISITION EXPENSES

    total $100,787 · program services $100,787

  • 24d · Other expenses: PROPERTY MANAGEMENT

    total $91,637 · program services $91,637

  • 24e · All other expenses

    total $151,654 · program services $103,493 · management and general $25,708 · fundraising $22,453

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,200,430 · end of year $1,536,287

  • 2 · Savings and temporary cash investments

    beginning of year $4,509,379 · end of year $3,335,403

  • 3 · Pledges and grants receivable

    beginning of year $803,225 · end of year $466,333

  • 4 · Accounts receivable

    beginning of year $715,541 · end of year $197,252

  • 7 · Other notes and loans receivable

    beginning of year $2,230,808 · end of year $2,230,808

  • 9 · Prepaid expenses and deferred charges

    beginning of year $236,545 · end of year $155,668

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

    $27,795,329

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

    $534,503

  • 10c · Land, buildings and equipment, net

    beginning of year $28,702,731 · end of year $27,260,826

  • 11 · Investments: publicly traded securities

    beginning of year $2,867,937 · end of year $2,212,314

  • 12 · Investments: other securities

    beginning of year $1,362,509 · end of year $1,107,052

  • 15 · Other assets

    beginning of year $3,171,604 · end of year $3,437,986

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,302,687 · end of year $450,778

  • 19 · Deferred revenue

    beginning of year $37,500 · end of year $32,500

  • 23 · Secured mortgages and notes payable

    beginning of year $2,300,000 · end of year $4,410,716

  • 25 · Other liabilities

    beginning of year $6,530 · end of year $3,938

  • 27 · Net assets without donor restrictions

    beginning of year $35,911,572 · end of year $31,324,888

  • 28 · Net assets with donor restrictions

    beginning of year $6,242,420 · end of year $5,717,109

Mission and programs · 2023

Mission

SEE SCHEDULE O

Activities or mission (Part I)

TO ENHANCE, SUPPORT AND STEWARD THE REGION'S MOST PRECIOUS RESOURCES. MANY OF THE PROJECTS WHICH FORTERRA UNDERTAKES TO ACHIEVE OUR MISSION THROUGH EFFORTS THAT CAN OFTEN SPAN SEVERAL YEARS. NET REVENUES FROM COMPLETION OF THESE PROJECTS CAN BE REINVESTED TO FUND THE DEVELOPMENT OF PROJECTS IN FUTURE PERIODS, COVERING NET LOSSES IN YEARS WITH NO SIGNIFICANT PROJECT CLOSINGS.

  • COMMUNITY DRIVEN DEVELOPMENT: FORTERRA LOOKS ACROSS THE RURAL AND URBAN LANDSCAPE TO SEE THE CONNECTION BETWEEN PEOPLE AND LAND. WE DEVELOP PROGRAMS THAT ADDRESS ENVIRONMENTAL AND SOCIAL EQUITY. WE HAVE LONGSTANDING AND DEEP RELATIONSHIPS WITH COMMUNITIES ACROSS THE REGION. WE WORK IN COLLABORATION WITH, AND ARE LED BY, THESE COMMUNITY PARTNERS. WE UTILIZE OUR DECADES OF EXPERIENCE IN REAL ESTATE, LAND CONSERVATION AND COALITION BUILDING TO DEVELOP INNOVATIVE SOLUTIONS TO ADDRESS THE SHORTAGE OF ATTAINABLE HOUSING, BENEFIT LOCAL BUSINESSES AND COMMUNITIES, CREATE JOBS, OTHER ECONOMIC OPPORTUNITIES AND SUPPORT COMMUNITY WELLBEING.

    Expenses $1,604,312 · Revenue $574,067

  • CONSERVATION: FORTERRA'S LANDSCAPE-SCALE APPROACH ENSURES THE CONSERVATION OF CRITICAL LANDS FOR COMMUNITIES THROUGHOUT THE REGION. FORTERRA HAS CONSERVED MORE THAN 275,000 ACRES OF LAND SINCE OUR FOUNDING IN 1989. AT ANY GIVEN TIME, WE ARE WORKING ON DOZENS OF PROJECTS TO CONSERVE LANDS FOR COMMUNITY, HABITAT AND RECREATION. WE KNOW HOW TO WORK QUICKLY AND DECISIVELY TO ENSURE VITAL LANDS ARE NOT LOST BUT WE ALSO KNOW THAT SOME PROJECTS TAKE TIME TO GET RIGHT. THESE INCLUDE THE 4,000-ACRE PORT GAMBLE FOREST WHICH TOOK MORE THAN 10 YEARS AND DEEP COMMUNITY PARTNERSHIPS TO COMPLETE AND THE ACQUISITION OF 145 ACRES OF CULTURALLY SIGNIFICANT LAND IN CENTRAL WASHINGTON FOR A PLANNED TRIBAL COMMUNITY. SOME PROJECTS ARE SMALL, BUT JUST AS IMPORTANT, LIKE CAMP KILWORTH WHICH IS ONE OF THE LAST UNDEVELOPED SHORELINE HABITATS IN FEDERAL WAY, WASHINGTON. SMALL OR LARGE, THESE PROJECTS ADD UP AND CONTRIBUTE TO A HEALTHY ENVIRONMENT AND RESILIENT COMMUNITIES. NO MATTER THE SIZE OF THE PROJECT, FORTERRA BRINGS A PURPOSEFUL, INNOVATED AND INTERCONNECTED APPROACH THAT DELIVERS SUCCESS FOR OUR REGION.

    Expenses $3,923,303 · Grants $1,925,168 · Revenue $394,500

  • RESTORATION AND STEWARDSHIP: FORTERRA PARTNERS WITH ORGANIZATIONS AND COMMUNITIES THROUGHOUT THE REGION TO RESTORE AND STRENGTHEN PUBLIC LANDS, PARKS AND URBAN FORESTS. THROUGH OUR EVERGREEN CARBON CAPTURE (ECC) PROGRAM, FORTERRA HAS PLANTED THOUSANDS OF TREES EACH YEAR IN PARTNERSHIP WITH LOCAL COMPANIES AND INDIVIDUALS. OVER THEIR LIFETIMES, THESE TREES WILL HELP OFFSET HUNDREDS OF THOUSANDS OF TONS OF CARBON DIOXIDE. ECC HELPS PARTNER ORGANIZATIONS AND INDIVIDUALS TAKE DIRECT ACTION TO ADDRESS THE CLIMATE CRISIS WHILE HELPING TO RESTORE LOCAL FORESTS AND URBAN TREE CANOPY. PARTNERS HAVE INCLUDED SOUNDERS FC, NORDSTROM, AND BECU, ALONG WITH DOZENS OF INDIVIDUALS.

    Expenses $917,851 · Grants $46,073 · Revenue $26,084

  • POLICY: FORTERRA IS A LEADER IN THE DESIGN AND IMPLEMENTATION OF MARKET-BASED GROWTH MANAGEMENT AND CONSERVATION TOOLS. FORTERRA HAS LED THE DESIGN, ADOPTION, AND CONTINUED IMPLEMENTATION OF TRANSFER OF DEVELOPMENT RIGHTS (TDR) PROGRAMS AT THREE DIFFERENT LEVELS: 10 CITIES, 4 COUNTIES, AND 1 REGIONAL PROGRAM. SINCE 2009 THESE PROGRAMS HAVE CONSERVED MORE THAN 100,000 ACRES OF FARMS AND WORKING FORESTS BY TRANSFERRING THE DEVELOPMENT RIGHTS OF THESE PROPERTIES TO SUPPORT INTENTIONAL GROWTH IN OUR REGION'S CITIES. TO SUPPORT GROWTH IN CITIES USING TDR, FORTERRA LED THE CREATION OF THE LANDSCAPE CONSERVATION AND LOCAL INFRASTRUCTURE PROGRAM (LCLIP), WHICH GIVES CITIES A FINANCIAL INCENTIVE TO PROTECT RESOURCE LANDS AND MAKE INFRASTRUCTURE INVESTMENTS. FORTERRA ALSO WORKS WITH COMMUNITIES THROUGHOUT THE REGION TO ENGAGE CULTURALLY DIVERSE CONSTITUENTS IN PLANNING AND POLICY ISSUES RELATED TO IMPROVING QUALITY OF LIFE FOR RESIDENTS.

    Expenses $737,972 · Grants $3,367

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

Listed in Part VII

  • Michelle Connor

    PRESIDENT & CEO

    Total calculated
    $241,972
    From this org
    $232,048
    From related orgs
    $0
    Other
    $9,924
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $232,048
    Bonus
    $0
    Other
    $0
    Deferred
    $9,330
    Nontaxable benefits
    $594
    Filer's total
    $241,972

  • Andrea Ostrovsky

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • De'Sean Quinn

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Beth Birnbaum

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Allan Steinman

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Ruth True

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Gigi Coe

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Larry Hood

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Gina Klem

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Chris Lloyd

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Laurie MacDonald Jonsson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Patrick Miller

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Linda Neunzig

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Tracy Newman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Kelly Ogilvie

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Vanessa Pegueros

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Natasha Rivers

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Dorian Waller

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Margaret Griffiths

    CFO & VP ADMINISTRATION THROUGH 6/23

    Total calculated
    $148,915
    From this org
    $139,182
    From related orgs
    $0
    Other
    $9,733
    Hours/week
    40

  • Erin Kindall

    VICE PRESIDENT - FINANCE

    Total calculated
    $180,713
    From this org
    $164,614
    From related orgs
    $0
    Other
    $16,099
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $164,614
    Bonus
    $0
    Other
    $0
    Deferred
    $6,867
    Nontaxable benefits
    $9,232
    Filer's total
    $180,713

  • David Leon

    VP, REAL ESTATE TRANSACTIONS

    Total calculated
    $148,117
    From this org
    $141,680
    From related orgs
    $0
    Other
    $6,437
    Hours/week
    30 + 10 related

  • Rachel Valdez

    CHIEF PEOPLE, CULTURE & TECHNOLOGY OFFICER

    Total calculated
    $231,465
    From this org
    $213,404
    From related orgs
    $0
    Other
    $18,061
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $213,404
    Bonus
    $0
    Other
    $0
    Deferred
    $8,817
    Nontaxable benefits
    $9,244
    Filer's total
    $231,465

  • Kristi England

    CHIEF GOVERNANCE, POLICY & INNOVATIONS OFFICER

    Total calculated
    $187,649
    From this org
    $173,119
    From related orgs
    $0
    Other
    $14,530
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $173,119
    Bonus
    $0
    Other
    $0
    Deferred
    $6,997
    Nontaxable benefits
    $7,533
    Filer's total
    $187,649

  • Anne Baunach

    VP, ADVANCEMENT THROUGH 08/23

    Total calculated
    $149,229
    From this org
    $141,825
    From related orgs
    $0
    Other
    $7,404
    Hours/week
    40

  • India Clark

    SR. MANAGING DIRECTOR, COMMUNITY DEVELOPMENT

    Total calculated
    $124,909
    From this org
    $123,238
    From related orgs
    $0
    Other
    $1,671
    Hours/week
    35 + 5 related

  • Fred Swenson

    SR. DIRECTOR, SPECIAL PROJECTS

    Total calculated
    $117,885
    From this org
    $110,046
    From related orgs
    $0
    Other
    $7,839
    Hours/week
    40

  • Cheryl Marusa

    SR. DIRECTOR, COMMUNITY DEVELOPMENT

    Total calculated
    $112,992
    From this org
    $101,466
    From related orgs
    $0
    Other
    $11,526
    Hours/week
    40

  • Joseph Sambataro

    SR. MANAGING DIRECTOR, CONSERVATION TRANSACTIONS

    Total calculated
    $108,217
    From this org
    $103,636
    From related orgs
    $0
    Other
    $4,581
    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 committee
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment

Answered no

  • 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

The filer's explanations (Part III)

PART I, LINE 4A
ANNE BAUNACH RECEIVED SEVERANCE PAYMENT OF $7,692 UPON HER DEPARTURE.

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

The 10 largest by cash amount. The API serves every itemized grant.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • FORTERRA HAMILTON LLC

    LAND AND COMMUNITY DEVELOPMENT · WA · income -$8,574 · assets $654,594

    Directly controlled by FORTERRA NW

  • FORTERRA ROSLYN LLC

    DEVELOPMENT OF ATTAINABLE HOUSING · WA · income -$2,099 · assets $2,041,163

    Directly controlled by FORTERRA NW

  • FORTERRA ROSLYN NWIC LLC

    MANAGE HISTORIC BUILDING/COMMUNITY ENGAGEMENT · WA · income -$101,481 · assets $1,331,815

    Directly controlled by FORTERRA NW

  • FORTERRA STRONG COMMUNITIES FUND MANAGER LLC

    CONSERVATION · WA · income -$114,139 · assets $340,737

    Directly controlled by FORTERRA NW

  • FORTERRA BUILDERS LLC

    GENERAL CONTRACTOR (CONSTRUCTION OF MODULAR PROTOTYPE) · WA · income -$8,574 · assets -$579

    Directly controlled by FORTERRA NW

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • FORTERRA STRONG COMMUNITIES FUND I LP

    RELATED · ADVANCE SUSTAINABLE DEVELOPMENT IN URBAN AREAS · DE · 16% owned · share of income -$38,265 · share of assets $1,830,374 · general or managing partner

    Directly controlled by FORTERRA STRONG COMMUNITIES FUND MANAGER LLC

  • FORTERRA STRONG COMMUNITIES FUND II LP

    RELATED · OPPORTUNITY ZONE INVESTMENTS · DE · 0.26% owned · share of income -$16,181 · share of assets $15,604 · general or managing partner

    Directly controlled by FORTERRA STRONG COMMUNITIES FUND MANAGER LLC

  • DARRINGTON WOOD INNOVATION CENTER LLC

    WOOD INNOVATION CENTER · WA

  • FORTERRA HILLTOP EAST LLC

    COMMUNITY DEVELOPMENT · WA

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • FORTERRA SC INC

    C · REAL ESTATE · WA

Provenance

Return type
form_990
Tax year
2023
Filed
12 November 2024
IRS schema version
2023v5.1
Source object
202403189349304940

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