2024-11-14T16:26:14-06:00 2023-12-31 910189318 MOSS ADAMS LLP 805 SW BROADWAY STE 1400 PORTLAND OR 97205 990 2023-01-01 930843521 THE FRESHWATER TRUST FRES 5032229091 PO BOX 9205 PORTLAND OR 97207 JOE WHITWORTH PRESIDENT/CEO 5032229091 2024-11-13 1 1 WENDY CAMPOS P00448102 5032421447 2024-11-13 2023 2024-10-15 13:58:12Z JOE WHITWORTH PO BOX 9205 PORTLAND OR 97207 12094479 0 X WWW.THEFRESHWATERTRUST.ORG X 1983 OR TO PRESERVE AND RESTORE FRESHWATER ECOSYSTEMS. 21 21 61 21 0 0 4128430 6418920 3694299 5399994 4588 6453 -144494 -178700 7682823 11646667 0 0 0 0 4994450 5812676 129750 0 1079669 3994126 5200973 9118326 11013649 -1435503 633018 7678913 7824312 6802855 6353058 876058 1471254 X TO PRESERVE AND RESTORE FRESHWATER ECOSYSTEMS. 0 0 4803279 5258490 WATER QUALITY TRADING & WATERSHED ANALYTICS - THE FRESHWATER TRUST USES DATA TO IDENTIFY AND ILLUSTRATE THE SPECIFIC ACTION OR ACTIONS NECESSARY TO CHANGE THE TRAJECTORY OF A WATERSHED'S CURRENT CONDITION; USES THAT INSIGHT TO DRIVE THE POLICY CHANGES, FUNDERS, AND SOCIAL BUY-IN NECESSARY TO UNDERSTAND AND IMPLEMENT THAT OPTIMAL PATHWAY; AND THEN DEVELOPS THE OPERATIONAL/SUPPLY CHAIN CAPACITY AND INNOVATIVE CONSERVATION FINANCING APPROACHES NECESSARY TO DEPLOY THOSE SOLUTIONS. WATER QUALITY TRADING IS ONE IMPORTANT APPROACH FOR CONVERTING THIS INSIGHT INTO HIGH QUALITY ON-THE-GROUND RESULTS. THE FRESHWATER TRUST'S WATER QUALITY TRADING PROGRAM ALLOWS FOR REGULATED ENTITIES TO ACHIEVE REGULATORY COMPLIANCE BY FUNDING QUANTIFIED RESTORATION ACTIONS. BY CALCULATING AND QUANTIFYING HOW MUCH THERMAL ENERGY IS AVOIDED ON A RIVER BY PLANTING STREAMSIDE TREES, THE ORGANIZATION GENERATES CREDITS THAT ARE THEN PURCHASED BY WASTEWATER FACILITIES AND POWER PLANTS TO OFFSET THEIR IMPACTS TO IMPAIRED RIVERS AND STREAMS. THE WORK IS DONE IN PARTNERSHIP WITH REGULATED AGENCIES, IRRIGATORS, REGULATORS AND FARMERS. THIS PROGRAM CAN INCLUDE RESTORATION ACTIONS THAT GENERATE NOT ONLY TEMPERATURE CREDITS, BUT ALSO CREDITS GENERATED FROM REDUCTIONS OF OTHER POLLUTANTS, SUCH AS NUTRIENTS. 1849681 44344 HABITAT - THE FRESHWATER TRUST ACTIVELY RESTORES AQUATIC HABITAT IN THE WESTERN UNITED STATES THROUGH ITS HABITAT RESTORATION PROGRAM. FROM PLACING LOGS INSTREAM TO CREATE RIVER COMPLEXITY AND PLANTING TREES TO STABILIZE STREAMBANKS AND PROVIDE SHADE TO LOWER WATER TEMPERATURE, THE ORGANIZATION ADVANCES SCIENCE-BASED, ECOLOGICALLY-SOUND RESTORATION PROJECTS TO RESTORE HABITAT FUNCTION CRITICAL TO SALMON PRODUCTIVITY. 125214 97160 FLOW - THE FRESHWATER TRUST RESTORES STREAM FLOWS BY WORKING COLLABORATIVELY WITH WILLING LANDOWNERS. THE ORGANIZATION USES A VARIETY OF COOPERATIVE SOLUTIONS, INCLUDING FINANCIAL COMPENSATION, TECHNICAL ASSISTANCE AND EXPERT ADVICE TO KEEP MORE WATER IN OUR STREAMS AND RIVERS. 6778174 1 1 0 1 0 0 1 0 0 1 1 0 0 1 1 1 1 0 0 1 0 0 0 0 1 1 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 58 0 1 61 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 21 21 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA OR WA X X KATIE MCDONALD 5032229091 PO BOX 9205 PORTLAND OR 97207 JOE WHITWORTH PRESIDENT 40.00 X 242351 0 33776 RENAI BELL SENIOR DIRECTOR OF PRODUCTS & ANALYTICS 40.00 X 176935 0 16979 DYLAN HARP SCIENTIST II COMPUTATIONAL HYDROLOGY 40.00 X 151627 0 15729 DAVID PRIMOZICH VICE PRESIDENT OF WATER 40.00 X 151002 0 29344 ERIK RINGELBERG REGIONAL VICE PRESIDENT CALIFORNIA 40.00 X 140966 0 26896 KIMBERLEE OBILANA VICE PRESIDENT OF PEOPLE & OPERATIONS 40.00 X 140326 0 10955 TIMOTHY WIGINGTON VICE PRESIDENT OF FINANCE & POLICY 40.00 X 126120 0 30768 SCOTT SANDBO CHAIR 2.00 X X 0 0 0 MARGARET DONAVAN CORMIER TREASURER 2.00 X X 0 0 0 GARY FISH SECRETARY 2.00 X X 0 0 0 ANTHONY TRUNZO DIRECTOR 2.00 X 0 0 0 BRAD PREBLE DIRECTOR 2.00 X 0 0 0 DAVID CHEN DIRECTOR 2.00 X 0 0 0 DAVID LAURANCE DIRECTOR 2.00 X 0 0 0 DEBRA HATCHER DIRECTOR 2.00 X 0 0 0 GIA SCHNEIDER DIRECTOR 2.00 X 0 0 0 HANK ASHFORTH DIRECTOR 2.00 X 0 0 0 KIM MALEK DIRECTOR 2.00 X 0 0 0 MARCELINO ALVAREZ DIRECTOR 2.00 X 0 0 0 MARGARET TUCHMANN DIRECTOR 2.00 X 0 0 0 MIKE POHL DIRECTOR 2.00 X 0 0 0 MOLLY MCCABE DIRECTOR 2.00 X 0 0 0 NATALIE HOCKEN DIRECTOR 2.00 X 0 0 0 PAUL FORTINO DIRECTOR 2.00 X 0 0 0 PETER DOUBLEDAY DIRECTOR 2.00 X 0 0 0 SARA SPANGELO DIRECTOR 2.00 X 0 0 0 SCOTT DEMOREST DIRECTOR 2.00 X 0 0 0 WILLIAM NEUHAUSER DIRECTOR 2.00 X 0 0 0 1129327 0 164447 11 0 1 0 AQUATIC CONTRACTING LLC 12950 NW MARINA WAY PORTLAND OR 97231 IN-STREAM RESTORATION 414455 COMMUNITY COUNSELING SERVICE CO LLC PO BOX 824885 PHILADELPHIA PA 19182 FUNDRAISING COUNSEL 300563 ICS CONSULTING 1518 WINFIELD AVE COLORADO SPRINGS CO 80906 CONSULTING 212512 M & M SERVICES LLC PO BOX 1093 MEDFORD OR 97501 IN-STREAM RESTORATION 190805 COLUMBIA HELICOPTERS INC PO BOX 3500 PORTLAND OR 97208 HELICOPTER DELIVERY OF PROJECT SUPPLIES 182450 9 547973 2591702 3279245 226850 6418920 ANALYTICS 110000 3825681 3825681 WATER QUALITY TRADING 110000 1432809 1432809 FLOW 110000 97160 97160 HABITAT 110000 44344 44344 5399994 6855 6855 0 402 -402 -402 -402 251505 547973 440414 -188909 -188909 17205 6996 10209 10209 11646667 5399994 0 -172247 X 433015 150582 109871 172562 3876366 1906625 1648075 321666 213442 103898 91337 18207 889877 432845 382846 74186 399976 194318 164377 41281 66147 66147 60151 60151 212026 212026 1504 1504 2943377 2610835 28871 303671 28677 2114 26563 135224 26661 84184 24379 165347 4292 150597 10458 346123 172119 174004 110887 61437 10797 38653 11602 635 5699 5268 72406 72406 193864 188048 5816 73380 73380 PROGRAM SUPPLIES 565407 561121 4230 56 WATER FEES 102799 102799 BAD DEBT 45618 29986 15632 BUSINESS DEVELOPMENT 35877 2154 6887 26836 30557 17793 12513 251 11013649 6778174 3155806 1079669 2669164 2813175 202685 94551 666686 394915 1397427 2359541 121426 110858 644477 527363 168220 117114 158361 166972 758663 886650 1536281 880536 7678913 7824312 502633 784529 2910995 2853225 1900000 1900000 1489227 815304 6802855 6353058 X 392780 273265 483278 1197989 876058 1471254 7678913 7824312 X 633018 14516 -52338 X 0 1 X 1 1 1 X 4957922 4473283 7265327 4126194 6418920 27241646 190645 56584 247229 4957922 4473283 7265327 4316839 6475504 27488875 2774879 24713996 5100 7283 14077 4846 6855 38161 27527036 24594363 0.89780 0.92890 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 212026 212026 10801623 11013649 700682 175171 0 0 623579 607651 605916 700682 2537828 3806742 50061 55040 153405 212026 470532 155895 151913 151479 175171 634458 951687 X X 3 827.00 0 0 1 0 0.00 0 158361 15215 6604 166972 184526 -19911 6254 158361 156135 37945 9554 184526 146177 20265 10307 156135 128521 23292 5636 146177 0.15000 0.85000 0.00000 1 0 383405 304187 79218 261072 223176 37896 117114 WATER RIGHTS INTERESTS 226909 RIGHT OF USE ASSETS 653627 880536 OPERATING LEASE LIABILITIES 815304 815304 X 12269189 14516 161800 447710 624026 11645163 1504 1504 11646667 11673993 161800 500048 661848 11012145 1504 1504 11013649 PART II, LINE 9: THE ORGANIZATION HAS ACQUIRED TITLE FOR PARTIAL WATER RIGHT INTERESTS AMONG SEVERAL BASINS IN OREGON TO PRESERVE IN-STREAM WATER FLOWS. THE WATER RIGHTS ARE VALUED BASED ON THEIR ORIGINAL PURCHASE COST. ADDITIONALLY, THE ORGANIZATION HOLDS CONSERVATION EASEMENTS FOR SEVERAL TRACTS OF LAND WHICH ARE RECORDED AT ZERO VALUE IN THE FINANCIAL STATEMENTS. THE ORGANIZATION PERIODICALLY SURVEYS THE PROPERTIES TO ENSURE ONGOING CONSERVATION VALUE. ANNUALLY, THE ORGANIZATION ASSESSES THE VALUE OF THE WATER RIGHT INTERESTS HELD TO DETERMINE IF ANY PERMANENT IMPAIRMENT OF VALUE HAS OCCURRED. IF THE VALUE OF THE WATER RIGHTS IS DETERMINED TO BE IMPAIRED; THE CARRYING VALUE OF THE WATER RIGHTS WOULD BE REDUCED TO THEIR ESTIMATED FAIR VALUE IN THE PERIOD THAT THE IMPAIRMENT HAS OCCURRED. FOR THE YEAR ENDED, THE ORGANIZATION HAS NOT RECOGNIZED ANY IMPAIRMENT LOSSES ON THE VALUE OF THESE WATER RIGHTS. NO IMPAIRMENT DETERMINATIONS HAVE BEEN MADE FOR THE LAND EASEMENTS SINCE THERE IS NO MARKET FOR ANY OF THE EASEMENTS HELD BY THE ORGANIZATION. PART V, LINE 4: THE ENDOWMENT FUND IS SUBJECT TO OREGON COMMUNITY FOUNDATION'S ARTICLES OF INCORPORATION AND BYLAWS AND DISTRIBUTIONS ARE TO BE USED AS THE FRESHWATER FUND'S BOARD OF DIRECTORS DEEMS NECESSARY AND DESIRABLE TO FURTHER ITS OBJECTIVES AND PURPOSES. PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE ACCOMPANYING STATEMENTS. THE ORGANIZATION RECOGNIZES THE TAX BENEFIT FROM UNCERTAIN TAX POSITIONS ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITIONS WILL BE SUSTAINED ON EXAMINATION BY THE TAX AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFIT IS MEASURED BASED ON LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE ORGANIZATION RECOGNIZES INTEREST AND PENALTIES RELATED TO INCOME TAX MATTERS, IF ANY, IN LICENSES, TAXES, AND FEES EXPENSE. THE ORGANIZATION HAD NO UNRECOGNIZED TAX BENEFITS AT DECEMBER 31, 2023 OR 2022. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSE 447,710. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSE 447,710. PLEDGE WRITE OFFS 52,338. FIGHT FOR FISH 624441 396441 228000 24705 138965 89112 53330 32153 ANNUAL GALA 165359 147404 17955 20710 3240 26564 1500 41245 1 9678 4128 5550 7000 420 1470 799478 547973 251505 45415 149205 116096 54830 74868 440414 -188909 17205 6000 996 0 17205 6000 996 6996 10209 OR 1 0 1 0 0.00000 1.00000 BEN WYATT PO BOX 9205 PORTLAND OR 97207 0 BEN WYATT 130000 SR. DIRECTOR OF STRATEGIC PARTNERSHIPS AND COMMUNICATIONS X 0 0 X 1 1 X 0 0 0 0 0 0 0 0 0 JOE WHITWORTH PRESIDENT 242351 0 0 0 0 0 0 0 33776 0 276127 0 0 0 RENAI BELL SENIOR DIRECTOR OF PRODUCTS & ANALYTICS 176935 0 0 0 0 0 0 0 16979 0 193914 0 0 0 DYLAN HARP SCIENTIST II COMPUTATIONAL HYDROLOGY 151627 0 0 0 0 0 0 0 15729 0 167356 0 0 0 DAVID PRIMOZICH VICE PRESIDENT OF WATER 151002 0 0 0 0 0 0 0 29344 0 180346 0 0 0 ERIK RINGELBERG REGIONAL VICE PRESIDENT CALIFORNIA 140966 0 0 0 0 0 0 0 26896 0 167862 0 0 0 KIMBERLEE OBILANA VICE PRESIDENT OF PEOPLE & OPERATION 137326 0 3000 0 0 0 0 0 10955 0 151281 0 0 0 TIMOTHY WIGINGTON VICE PRESIDENT OF FINANCE & POLICY 126120 0 0 0 0 0 0 0 30768 0 156888 0 0 0 PART I, LINE 1A THE ORGANIZATION HOLDS A MEMBERSHIP AT A SOCIAL CLUB IN THE NAME OF OUR PRESIDENT/CEO. THE MEMBERSHIP IS USED FOR MEETINGS WITH DONORS AND OTHER BUSINESS DEVELOPMENT. OTHER MEMBERS OF TFT USED THE MEMBERSHIP ON OCCASION FOR STAFF MEETINGS OR OTHER COMPANY BUSINSESS, WHEN ACCOMPANIED BY THE PRESIDENT/CEO AS HIS GUEST. X 7 8609 COST X TREES/LOGS 2 172100 COST X PRIZES/GIFTS 26 46141 COST 0 1 0 PART I, COLUMN (B): THE AMOUNT REPRESENTS THE NUMBER OF ACTUAL CONTRIBUTIONS RECEIVED AND NOT THE NUMBER OF ITEMS RECEIVED FOR EACH CONTRIBUTION. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE RETURN IS PROVIDED TO THE FINANCIAL CONTROLLER, SR DIRECTOR OF FINANCE, BOARD TREASURER, AND PRESIDENT FOR REVIEW AND APPROVAL PRIOR TO PREPARATION FOR FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR, PRINCIPAL OFFICER, AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON: HAS RECEIVED A COPY OF THE ORGANIZATION'S CONFLICTS OF INTEREST POLICY; HAS READ AND UNDERSTANDS THE POLICY; AND HAS AGREED TO COMPLY WITH THE POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS DETERMINES COMPENSATION FOR THE ORGANIZATION'S PRESIDENT/CEO. THE PRESIDENT/CEO DETERMINES COMPENSATION FOR ALL OTHER SENIOR STAFF BASED ON BUDGETS AND PREVAILING WAGES IN THE MARKETPLACE. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE PROVIDED UPON REQUEST TO GOVERNMENT AGENCIES AND FUNDERS. FORM 990, PART IX, LINE 11G CONTRACTED SERVICES: PROGRAM SERVICE EXPENSES 2,610,835. MANAGEMENT AND GENERAL EXPENSES 28,871. FUNDRAISING EXPENSES 303,671. TOTAL EXPENSES 2,943,377. FORM 990, PART XI, LINE 9: PLEDGE WRITE OFFS -52,338.