Form 990 for tax year 2022

Filed by FORTERRA NW.

Totals

Total revenue: $10,315,139
Total expenses: $13,868,230
Contributions and grants received: $9,675,192
Grants paid: $1,064,272
Program service revenue: $1,006,018
Investment income: -$442,604
Other revenue: $76,533
Total assets, end of year: $45,800,709
Total liabilities, end of year: $3,646,717
Net assets or fund balances, end of year: $42,153,992
Program services expenses (Part IX): $10,292,949
Management and general expenses: $1,851,933
Fundraising expenses: $1,723,348
Program service expenses (Part III): $10,292,949

Program services were 74.2% 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.

1e · Government grants (contributions)

$5,231,822
1f · All other contributions, gifts and grants

$4,443,370
1g · Noncash contributions included above

$151,310
2a · Program service revenue: PROJECT REVENUE

total $1,006,018 · related or exempt $1,006,018
3 · Investment income

total $198,721 · excluded $198,721
6a · Gross rents

real property $188,426
6b · Less rental expenses

real property $114,843
6c · Rental income or loss

real property $73,583
6d · Net rental income or loss

total $73,583 · excluded $73,583
7a · Gross sales of assets other than inventory

securities $592,373
7b · Less cost or other basis and sales expenses

securities $1,233,698
7c · Gain or loss

securities -$641,325
7d · Net gain or loss

total -$641,325 · excluded -$641,325
11a · Other revenue: CASH BACK REWARDS

total $2,950 · excluded $2,950
11e · Other revenue, total

$2,950

Functional expenses

Part IX, the statement of functional expenses.

1 · Grants to domestic organizations and governments

total $1,064,272 · program services $1,064,272
5 · Compensation of officers, directors and key employees

total $1,735,807 · program services $933,768 · management and general $477,366 · fundraising $324,673
7 · Other salaries and wages

total $4,026,186 · program services $3,000,619 · management and general $527,456 · fundraising $498,111
8 · Pension plan contributions

total $122,744 · program services $98,354 · management and general $12,446 · fundraising $11,944
9 · Other employee benefits

total $332,449 · program services $226,196 · management and general $56,581 · fundraising $49,672
10 · Payroll taxes

total $497,750 · program services $338,534 · management and general $87,375 · fundraising $71,841
11b · Fees: legal

total $346,397 · program services $236,215 · management and general $45,839 · fundraising $64,343
11c · Fees: accounting

total $41,770 · program services $28,484 · management and general $5,527 · fundraising $7,759
11d · Fees: lobbying

total $62,500 · program services $42,620 · management and general $8,271 · fundraising $11,609
11e · Fees: professional fundraising services

total $1,100 · fundraising $1,100
11f · Fees: investment management

total $25,163 · management and general $25,163
11g · Fees: other

total $2,544,009 · program services $1,735,563 · management and general $336,793 · fundraising $471,653
12 · Advertising and promotion

total $25,507 · program services $17,706 · management and general $3,954 · fundraising $3,847
14 · Information technology

total $363,458 · program services $247,850 · management and general $48,096 · fundraising $67,512
16 · Occupancy

total $92,689 · program services $18,758 · management and general $55,448 · fundraising $18,483
17 · Travel

total $92,296 · program services $78,944 · management and general $8,755 · fundraising $4,597
20 · Interest

total $78,650 · program services $78,650
22 · Depreciation, depletion and amortization

total $229,723 · program services $174,529 · management and general $27,973 · fundraising $27,221
23 · Insurance

total $183,895 · program services $138,522 · management and general $22,996 · fundraising $22,377
24a · Other expenses: ACQUISITION EXPENSES

total $1,157,651 · program services $1,157,651
24b · Other expenses: EQUIPMENT RENT & MAINT.

total $281,218 · program services $165,601 · management and general $76,515 · fundraising $39,102
24c · Other expenses: PROPERTY MANAGEMENT

total $273,094 · program services $273,094
24d · Other expenses: TAXES

total $52,705 · program services $52,280 · management and general $425
24e · All other expenses

total $237,197 · program services $184,739 · management and general $24,954 · fundraising $27,504

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $2,667,755 · end of year $1,200,430
2 · Savings and temporary cash investments

beginning of year $6,019,418 · end of year $4,509,379
3 · Pledges and grants receivable

beginning of year $1,553,017 · end of year $803,225
4 · Accounts receivable

beginning of year $1,996,862 · end of year $715,541
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 $138,880 · end of year $236,545
10a · Land, buildings and equipment: cost or other basis

$29,371,760
10b · Land, buildings and equipment: accumulated depreciation

$669,029
10c · Land, buildings and equipment, net

beginning of year $27,078,901 · end of year $28,702,731
11 · Investments: publicly traded securities

beginning of year $4,143,902 · end of year $2,867,937
12 · Investments: other securities

beginning of year $1,568,296 · end of year $1,362,509
15 · Other assets

beginning of year $3,325,022 · end of year $3,171,604
17 · Accounts payable and accrued expenses

beginning of year $2,348,800 · end of year $1,302,687
19 · Deferred revenue

beginning of year $37,500 · end of year $37,500
23 · Secured mortgages and notes payable

beginning of year $2,300,000 · end of year $2,300,000
25 · Other liabilities

beginning of year $111,998 · end of year $6,530
27 · Net assets without donor restrictions

beginning of year $38,404,167 · end of year $35,911,572
28 · Net assets with donor restrictions

beginning of year $7,520,396 · end of year $6,242,420

Mission and programs · 2022

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 $4,984,776 · Grants $363,403 · Revenue $928,898
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 50,000 ACRE TEANAWAY COMMUNITY FOREST OR THE 4,000 ACRE PORT GAMBLE FOREST, BOTH OF WHICH TOOK MORE THAN 10 YEARS AND DEEP COMMUNITY PARTNERSHIPS TO COMPLETE. SOME PROJECTS ARE SMALL, BUT JUST AS IMPORTANT, LIKE THE RECENTLY ACQUIRED 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 $3,180,657 · Grants $700,869 · Revenue $46,461
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 $1,512,359 · Revenue $29,416
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 TRASFERRING 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 IMPROVINGQUALITY OF LIFE FOR RESIDENTS.

Expenses $615,157 · Revenue $1,243

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

Michelle ConnorMICHELLE CONNOR

PRESIDENT & CEO

Total calculated

$427,498

From this org

$416,188

From related orgs

$0

Other

$11,310

Hours/week

40

Schedule J breakdown matched by us

Base

$248,488

Bonus

$167,700

Other

$0

Deferred

$10,642

Nontaxable benefits

$668

Filer's total

$427,498
Beth BirnbaumBETH BIRNBAUM

CHAIR

Total calculated

$0

Hours/week

2
Andrea OstrovskyANDREA OSTROVSKY

VICE-CHAIR

Total calculated

$0

Hours/week

2
Allan SteinmanALLAN STEINMAN

TREASURER

Total calculated

$0

Hours/week

2
Ruth TrueRUTH TRUE

SECRETARY

Total calculated

$0

Hours/week

2
Dan NordstromDAN NORDSTROM

PAST CHAIR

Total calculated

$0

Hours/week

2
De'Sean QuinnDE'SEAN QUINN

DIRECTOR

Total calculated

$0

Hours/week

2
Gigi CoeGIGI COE

DIRECTOR

Total calculated

$0

Hours/week

2
Larry HoodLARRY HOOD

DIRECTOR

Total calculated

$0

Hours/week

2
Gina KlemGINA KLEM

DIRECTOR

Total calculated

$0

Hours/week

2
Chris LloydCHRIS LLOYD

DIRECTOR

Total calculated

$0

Hours/week

2
Laurie MacDonald JonssonLAURIE MACDONALD JONSSON

DIRECTOR

Total calculated

$0

Hours/week

2
Patrick MillerPATRICK MILLER

DIRECTOR

Total calculated

$0

Hours/week

2
Linda NeunzigLINDA NEUNZIG

DIRECTOR

Total calculated

$0

Hours/week

2
Tracy NewmanTRACY NEWMAN

DIRECTOR

Total calculated

$0

Hours/week

2
Kelly OgilvieKELLY OGILVIE

DIRECTOR

Total calculated

$0

Hours/week

2
Vanessa PeguerosVANESSA PEGUEROS

DIRECTOR

Total calculated

$0

Hours/week

2
Natasha RiversNATASHA RIVERS

DIRECTOR

Total calculated

$0

Hours/week

2
Dorian WallerDORIAN WALLER

DIRECTOR

Total calculated

$0

Hours/week

2
Michael FordMICHAEL FORD

DIRECTOR

Total calculated

$0

Hours/week

2
Jim GreenfieldJIM GREENFIELD

DIRECTOR EX OFFICIO

Total calculated

$0

Hours/week

2
Dennis MadsenDENNIS MADSEN

DIRECTOR

Total calculated

$0

Hours/week

2
Eric CampbellERIC CAMPBELL

DIRECTOR

Total calculated

$0

Hours/week

2
Margaret GriffithsMARGARET GRIFFITHS

CFO & VP ADMINISTRATION

Total calculated

$283,682

From this org

$269,689

From related orgs

$0

Other

$13,993

Hours/week

40

Schedule J breakdown matched by us

Base

$218,189

Bonus

$51,500

Other

$0

Deferred

$6,733

Nontaxable benefits

$7,260

Filer's total

$283,682
Tobias LeveyTOBIAS LEVEY

VP REAL ESTATE TRANSACTIONS

Total calculated

$347,665

From this org

$332,877

From related orgs

$0

Other

$14,788

Hours/week

15 + 25 related

Schedule J breakdown matched by us

Base

$219,464

Bonus

$113,413

Other

$0

Deferred

$9,356

Nontaxable benefits

$5,432

Filer's total

$347,665
Kristi EnglandKRISTI ENGLAND

CRO & VP STRATEGIC PROJECTS

Total calculated

$280,812

From this org

$263,988

From related orgs

$0

Other

$16,824

Hours/week

40

Schedule J breakdown matched by us

Base

$212,488

Bonus

$51,500

Other

$0

Deferred

$10,590

Nontaxable benefits

$6,234

Filer's total

$280,812
Rachel ValdezRACHEL VALDEZ

CHIEF PEOPLE, CULTURE & TECH OFC.

Total calculated

$280,413

From this org

$262,564

From related orgs

$0

Other

$17,849

Hours/week

40

Schedule J breakdown matched by us

Base

$211,064

Bonus

$51,500

Other

$0

Deferred

$10,827

Nontaxable benefits

$7,022

Filer's total

$280,413
Suzanne SkinnerSUZANNE SKINNER

CORPORATE COUNSEL

Total calculated

$137,989

From this org

$132,131

From related orgs

$0

Other

$5,858

Hours/week

40
Fred SwensonFRED SWENSON

SR. DIRECTOR, SPECIAL PROJECTS

Total calculated

$161,176

From this org

$151,867

From related orgs

$0

Other

$9,309

Hours/week

40

Schedule J breakdown matched by us

Base

$149,976

Bonus

$1,891

Other

$0

Deferred

$4,101

Nontaxable benefits

$5,208

Filer's total

$161,176
Joseph SambataroJOSEPH SAMBATARO

SR. MNG. DIR, CONSERVATION TRANS.

Total calculated

$124,737

From this org

$119,375

From related orgs

$0

Other

$5,362

Hours/week

40
Jeffrey DadeJEFFREY DADE

DIRECTOR, COMMUNITY DEVELOPMENT

Total calculated

$118,528

From this org

$110,803

From related orgs

$0

Other

$7,725

Hours/week

10 + 30 related
Mary TeoMARY TEO

DIRECTOR OF FINANCIAL SYSTEMS & COMPLIANCE

Total calculated

$118,041

From this org

$108,128

From related orgs

$0

Other

$9,913

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
5a · Pay contingent on this organization's revenues
7 · Other non-fixed payments

Answered no

4a · Severance or change-of-control payment
4b · Supplemental nonqualified retirement plan
4c · Equity-based compensation arrangement
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
8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 5: BONUSES PAID OUT IN 2022 WERE BASED ON 2021 BALANCE SCORECARD PERFORMANCE METRICS (10% EMPLOYEE RETENTION, 10% DONOR RETENTION, 80% NET MARGIN INCLUDING SHARE OF CONTINGENCY).
PART I, LINE 7: THE BONUS PAID TO THE PRESIDENT & CEO IS DETERMINED AT THE DISCRETION OF THE BOARD OF DIRECTORS. A BONUS IS PAID IN A GIVEN YEAR AFTER EVALUATION OF THE PRESIDENT & CEO'S PERFORMANCE IN THE MOST RECENTLY COMPLETED YEAR.

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

KITSAP COUNTY

$612,478

PORT GAMBLE TIMBER RIGHTS
CONSERVE OUR FUTURE

$15,000

SUPPORT BALLOT INITIATIVE
ROSLYN DOWNTOWN ASSOCIATION

$8,288

DONATION NET OF MAIN STREET B&O TAX CREDIT
WASHINGTON DEPARTMENT OF NATURAL RESOURCES

$0

HANCOCK CREEK WEST
TULALIP TRIBE

$0

UPPER SKYKOMISH BASIN
SNOQUALMIE TRIBE

$0

TITICAED CREEK NORTH
CITY OF RICHLAND

$0

AMON CREEK MINERAL RIGHTS

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 BATTLEGROUND LLC

CONSERVATION · WA · income $0 · assets $0

Directly controlled by FORTERRA NW
FORTERRA HAMILTON LLC

LAND AND COMMUNITY DEVELOPMENT · WA · income $0 · assets $661,092

Directly controlled by FORTERRA NW
FORTERRA MORCK LLC

BUILDING DEVELOPMENT · WA · income $0 · assets $0

Directly controlled by FORTERRA NW
FORTERRA ROSLYN LLC

DEVELOPMENT OF ATTAINABLE HOUSING · WA · income -$3 · assets $2,046,813

Directly controlled by FORTERRA NW
FORTERRA ROSLYN NWIC LLC

MANAGE HISTORIC BUILDING/COMMUNITY ENGAGEMENT · WA · income $181,648 · assets $1,443,503

Directly controlled by FORTERRA NW
FORTERRA STRONG COMMUNITIES FUND MANAGER LLC

CONSERVATION · WA · income $0 · assets $450,501

Directly controlled by FORTERRA NW
FORTERRA BUILDERS LLC

GENERAL CONTRACTOR (CONSTRUCTION OF MODULAR PROTOTYPE) · WA · income $456,735 · assets $34,201

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 -$50,525 · share of assets $1,785,858 · general or managing partner

Directly controlled by FORTERRA STRONG COMMUNITIES FUND MANAGER LLC
FORTERRA STRONG COMMUNITIES FUND II LP

RELATED · OPPORTUNITY ZONE INVESTMENTS · DE · 0.27% owned · share of income -$1,412 · share of assets $48,593 · 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
FORTERRA ENTERPRISES

C · CONSERVATION DEVELOPMENT · WA · 100% owned · controlled entity

Directly controlled by FORTERRA NW

Provenance

Return type: form_990
Tax year: 2022
Filed: 14 November 2023
IRS schema version: 2022v5.0
Source object: 202333189349314053

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