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Nonprofiteer
← THE STRONGHOLD FUND

Form 990 for tax year 2022

Filed by THE STRONGHOLD FUND.

Totals

Total revenue
$1,831,875
Total expenses
$1,238,356
Contributions and grants received
$1,623,550
Grants paid
$1,004,000
Program service revenue
$8,486
Investment income
$199,839
Other revenue
$0
Total assets, end of year
$12,494,451
Total liabilities, end of year
$13,550
Net assets or fund balances, end of year
$12,480,901
Program services expenses (Part IX)
$1,004,000
Management and general expenses
$234,356
Fundraising expenses
$0
Program service expenses (Part III)
$1,004,000

Program services were 81.1% 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.

  • 1f · All other contributions, gifts and grants

    $1,623,550

  • 2a · Program service revenue: Program fees

    total $8,486 · related or exempt $8,486

  • 3 · Investment income

    total $183,249 · excluded $183,249

  • 7a · Gross sales of assets other than inventory

    securities $1,002,744

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

    securities $986,154

  • 7c · Gain or loss

    securities $16,590

  • 7d · Net gain or loss

    total $16,590 · excluded $16,590

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $954,000 · program services $954,000

  • 3 · Grants to foreign organizations and individuals

    total $50,000 · program services $50,000

  • 5 · Compensation of officers, directors and key employees

    total $120,674 · management and general $120,674

  • 7 · Other salaries and wages

    total $35,355 · management and general $35,355

  • 8 · Pension plan contributions

    total $245 · management and general $245

  • 9 · Other employee benefits

    total $5,531 · management and general $5,531

  • 10 · Payroll taxes

    total $16,059 · management and general $16,059

  • 11c · Fees: accounting

    total $1,640 · management and general $1,640

  • 11f · Fees: investment management

    total $44,742 · management and general $44,742

  • 11g · Fees: other

    total $172 · management and general $172

  • 13 · Office expenses

    total $2,182 · management and general $2,182

  • 16 · Occupancy

    total $4,107 · management and general $4,107

  • 24a · Other expenses: Miscellaneous

    total $2,163 · management and general $2,163

  • 24b · Other expenses: Dues & subscriptions

    total $1,486 · management and general $1,486

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,379,688 · end of year $1,642,794

  • 3 · Pledges and grants receivable

    beginning of year $3,035,569 · end of year $3,011,444

  • 11 · Investments: publicly traded securities

    beginning of year $8,822,355 · end of year $7,840,213

  • 17 · Accounts payable and accrued expenses

    beginning of year $18,867 · end of year $13,550

  • 28 · Net assets with donor restrictions

    beginning of year $13,218,745 · end of year $12,480,901

Mission and programs · 2022

Mission

The Wild Salmon Center (WSC) has created The Stronghold Fund to provide long-term financial support to WSC and its partners for efforts in key watersheds throughout the North Pacific.

Activities or mission (Part I)

The Stronghold Fund's mission is to support strategic conservation efforts in the North Pacific.

  • The Stronghold Fund provided grants in support of watershed conservation efforts in regions throughout the North Pacific.

    Expenses $1,004,000 · Grants $1,004,000 · Revenue $8,486

As filed on the 2022 return.

Listed in Part VII

  • David Finkel

    President/Executive Director

    Total calculated
    $201,008
    From this org
    $0
    From related orgs
    $159,866
    Other
    $41,142
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $0 + $150,921 related
    Bonus
    $0 + $8,945 related
    Other
    $0
    Deferred
    $0 + $12,483 related
    Nontaxable benefits
    $0 + $28,659 related
    Filer's total
    $0 + $201,008 related

  • Ivan Thompson

    Vice President

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Katherine Holler

    Treasurer, Secretary

    Total calculated
    $201,691
    From this org
    $0
    From related orgs
    $160,466
    Other
    $41,225
    Hours/week
    4 + 36 related

    Schedule J breakdown matched by us

    Base
    $0 + $150,439 related
    Bonus
    $0 + $10,027 related
    Other
    $0
    Deferred
    $0 + $12,566 related
    Nontaxable benefits
    $0 + $28,659 related
    Filer's total
    $0 + $201,691 related

  • Guido R Rahr III

    Director

    Total calculated
    $334,272
    From this org
    $0
    From related orgs
    $296,098
    Other
    $38,174
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $246,098 related
    Bonus
    $0 + $50,000 related
    Other
    $0
    Deferred
    $0 + $20,412 related
    Nontaxable benefits
    $0 + $17,762 related
    Filer's total
    $0 + $334,272 related

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

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

  • Wild Salmon Center

    $954,000

    Public education and outreach to generate support for wilderness and land protection.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
2 May 2023
IRS schema version
2022v5.0
Source object
202331309349303068

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