2024-11-15T12:05:25-06:00 2023-12-31 221478099 COHNREZNICK LLP 707 WILSHIRE BLVD STE 4950 LOS ANGELES CA 90017 990 2023-01-01 831666979 BLUE FOREST FINANCE INC BLUE 2022711548 5960 S LAND PARK DR 1264 SACRAMENTO CA 95822 ZACHARY KNIGHT CEO & PRESIDENT 2022711548 2024-11-15 1 1 JOLANTA TUCK CPA P01340068 3108439700 2024-11-14 2023 2024-10-15 13:58:12Z ZACHARY KNIGHT 5960 S LAND PARK DR 1264 SACRAMENTO CA 95822 21194012 0 X WWW.BLUEFOREST.ORG X 2018 CA TO SUPPORT CLIMATE-RESILIENT ENVIRONMENTAL INTERVENTIONS, INCLUDING THROUGH CONSULTING AND FINANCIAL STRATEGIES. 7 5 35 5 0 0 4244407 5606954 980500 1564017 30474 196582 79535 34120 5334916 7401673 0 850000 0 0 2523373 4133238 0 0 190796 913179 1476875 3436552 6460113 1898364 941560 13996241 21610036 10711926 16829384 3284315 4780652 TO SUPPORT CLIMATE-RESILIENT ENVIRONMENTAL INTERVENTIONS, INCLUDING THROUGH CONSULTING AND FINANCIAL STRATEGIES. 0 0 3985747 850000 1564017 PROJECT DEVELOPMENT - INVOLVES DEVELOPMENT, DESIGN, AND DEPLOYMENT OF INNOVATIVE FINANCE MODELS, INCLUDING THE FOREST RESILIENCE BOND AND THE STRATEGIES UNDER BLUE FOREST ASSET MANAGEMENT, WHICH FACILITATE ECOSYSTEM RESTORATION AND MANAGEMENT, SPECIFICALLY IN THE INTEREST OF REDUCING OR MITIGATING EXTREME CATASTROPHIC WILDFIRE AND SUPPORTING THE ECOLOGICAL MANAGEMENT OF NATURAL RESOURCES. WE BRING TOGETHER UTILITIES, PRIVATE COMPANIES, INVESTORS AND GOVERNMENT AT THE FEDERAL, STATE, AND LOCAL LEVEL TO DEVELOP AND INVEST IN CONSERVATION FINANCE PROJECTS, COMPANIES, AND INITIATIVES THAT ACCELERATE THE PACE AND SCALE OF RESTORATION WORK. 547013 COMMUNICATIONS, OUTREACH, & EDUCATION - INVOLVES ACTIVITIES TO PRODUCE AND DISSEMINATE MATERIALS AND INFORMATION ABOUT OUR INNOVATIVE FINANCE MODELS AND THE MULTIPLE BENEFITS OF ECOSYSTEM CONSERVATION AND RESTORATION GENERALLY. OUR STAKEHOLDER AND PUBLIC OUTREACH AND EDUCATION EXPANDS KNOWLEDGE OF OUR PROJECTS WHILE PROMOTING THEM AS EMERGING AND EFFECTIVE MODELS THAT ARE APPLICABLE AND REPLICABLE TO MANY LANDSCAPES AND ECOSYSTEM SITUATIONS IN NEED OF LARGE-SCALE MANAGEMENT AND RESTORATION. 577872 SCIENCE & RESEARCH - INVOLVES PARTNERING WITH ACADEMIC AND OTHER RESEARCH ORGANIZATIONS TO PROVIDE SCIENTIFIC SUPPORT FOR STAKEHOLDERS' INVESTMENTS IN ECOSYSTEM RESTORATION. WE HELP DEVELOP, TEST, AND EMPLOY TOOLS AND METHODOLOGIES FOR QUANTIFYING AND MONITORING THE MULTIPLE BENEFITS AND RETURN ON INVESTMENT OF ECOSYSTEM RESTORATION. WE ALSO MAINTAIN A PORTFOLIO OF INDEPENDENT RESEARCH PROJECTS AIMED AT GAINING NEW INSIGHTS INTO THE VARIOUS BENEFITS OF WELL-MANAGED LANDSCAPES AND CONSERVATION FINANCE. 5110632 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 20 0 1 35 1 0 0 0 0 0 0 0 0 0 0 0 0 X 7 5 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 CA X ZACHARY KNIGHT 2022711548 5960 S LAND PARK DR 1264 SACRAMENTO CA 95822 NICHOLAS WOBBROCK COO & SECRETARY 50.00 X X 160927 0 30822 ZACHARY KNIGHT CEO & PRESIDENT 50.00 X X 156056 0 44043 SHERI ELLIOTT DIRECTOR 1.00 X 0 0 0 RICARDO BAYON DIRECTOR 1.00 X 0 0 0 NEWSHA K AJAMI DIRECTOR 1.00 X 0 0 0 DANIELA SALTZMAN DIRECTOR 1.00 X 0 0 0 CHAD REED DIRECTOR 1.00 X 0 0 0 GORDON VERMEER CFO & TREASURER 50.00 X 159961 0 26138 PHILIP SAKSA CHIEF SCIENTIST 50.00 X 172730 0 16590 MACKENZIE CLOYES CHIEF OF STAFF 50.00 X 146644 0 15213 FOREST CRANDALL DIRECTOR, INVESTMENTS 50.00 X 136843 0 14257 JEANETTE DAVIDSON MNG DIR., PROJECT DEVELOPMENT 50.00 X 128027 0 25302 NATASHA NURSE HEAD OF TALENT & EQUITY 50.00 X 124166 0 31219 MATTHEW SJOHOLM DIRECTOR, PROJECT DEVELOPMENT 50.00 X 114663 0 11042 1300017 0 214626 11 0 1 0 0 1623030 3983924 5606954 PROJECT INCOME 522291 1010000 1010000 FEE INCOME 522291 554017 554017 1564017 14896 14896 13974025 13792339 181686 181686 181686 34120 34120 34120 7401673 1564017 0 230702 850000 850000 767249 605368 127841 34040 2682279 2116350 446931 118998 102961 81237 17156 4568 315347 248812 52544 13991 265402 209405 44222 11775 76074 70244 5489 341 439162 395084 42042 2036 33573 7756 25517 300 27172 6277 20653 242 30484 7042 23170 272 23427 5412 17806 209 195310 195310 OVERHEAD EXPENSES 390935 90312 297136 3487 DIRECT PROGRAM EXPENSES 219594 212452 6969 173 DUES & SUBSCRIPTIONS 40772 9419 30989 364 372 152 220 6460113 5110632 1158685 190796 2243488 2201746 1300716 592598 332340 1430756 1084591 50128 9727702 16604673 35467 1697 375 13996241 21610036 201926 216817 460000 960000 500000 152567 9550000 15500000 10711926 16829384 X 3284315 4275652 505000 3284315 4780652 13996241 21610036 941560 554777 0 X 0 1 X 1 0 X 1507672 1347595 4244407 5606954 12706628 398823 401052 613805 1010674 1564017 3988371 398823 1908724 1961400 5255081 7170971 16694999 0 58670 182917 915600 1157187 58670 182917 915600 1157187 15537812 4940 533 75 1071 14896 21515 4940 533 75 1071 14896 21515 664 28482 79535 34120 142801 403763 1909921 1989957 5335687 7219987 16859315 0.92160 0.00130 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2020 AMOUNT: $ 664. 2021 AMOUNT: $ 28,482. 2022 AMOUNT: $ 79,535. 2023 AMOUNT: $ 34,120. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 FIXED INCOME SECURITIES: COMMON COLLECTIVE FUNDS 16604673 C 16604673 X 8208815 554777 252365 807142 7401673 0 7401673 6712478 252365 252365 6460113 0 6460113 PART X, LINE 2: THE COMPANY ANALYZES THE AMOUNT OF UNRELATED BUSINESS TAXABLE INCOME FROM THEIR VARIOUS PROJECTS AND PROVIDE FOR TAXES ON SUCH INCOME, IF ANY, UNDER SECTION 511 OF THE INTERNAL REVENUE CODE AND SECTION 23731 OF THE CALIFORNIA REVENUE AND TAXATION CODE. DURING THE YEAR ENDED DECEMBER 31, 2023, THE COMPANY HAD NO SIGNIFICANT ACTIVITIES SUBJECT TO THESE TAXES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE COMPANY AND HAS CONCLUDED THAT, AS OF DECEMBER 31, 2023, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. THE COMPANY HAS NO UNRECOGNIZED TAX BENEFITS ON DECEMBER 31, 2023. THE FEDERAL INFORMATIONAL TAX RETURNS OF THE COMPANY FOR TAX YEARS ENDED DECEMBER 31, 2021, AND SUBSEQUENT REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. THE RETURNS FOR CALIFORNIA, THE ONLY STATE TAX JURISDICTION, REMAIN SUBJECT TO EXAMINATION BY THE CALIFORNIA FRANCHISE TAX BOARD FOR TAX YEARS ENDED DECEMBER 31, 2020, AND SUBSEQUENT. THE COMPANY CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW AND NEW AUTHORITATIVE RULINGS. 1 NATIONAL FOREST FOUNDATION 27 FORT MISSOULA RD STE 3 MISSOULA MT 59804 521786332 501(C)(3) 850000 0 FOREST RESTORATION SERVICES ASSOCIATED WITH YUBA I FRB PROJECT 1 0 PART I, LINE 2: USE OF GRANT FUNDS IS LIMITED TO TERMS PURSUANT TO THE SIGNED WRITTEN AGREEMENT BETWEEN THE TAXPAYER AND THE RECIPIENT ORGANIZATION. THE RECIPIENT ORGANIZATION IS TO PROVIDE QUARTERLY STATUS REPORTS DETAILING THE STATUS OF ANY ONGOING SERVICES, AS WELL AS PROVIDE ANY OTHER REPORTS AND INFORMATION REGARDING AGREED-UPON SERVICES AS MAY BE REASONABLY REQUESTED IN WRITING BY THE GRANTOR. 1 X X X X 0 0 0 0 0 0 0 0 0 ZACHARY KNIGHT CEO & PRESIDENT 154326 0 0 0 1730 0 6899 0 37144 0 200099 0 0 0 NICHOLAS WOBBROCK COO & SECRETARY 159947 0 0 0 980 0 6869 0 23953 0 191749 0 0 0 PHILIP SAKSA CHIEF SCIENTIST 171000 0 0 0 1730 0 6611 0 9979 0 189320 0 0 0 GORDON VERMEER CFO & TREASURER 158241 0 0 0 1720 0 6689 0 19449 0 186099 0 0 0 MACKENZIE CLOYES CHIEF OF STAFF 145833 0 0 0 811 0 5862 0 9351 0 161857 0 0 0 NATASHA NURSE HEAD OF TALENT & EQUITY 122441 0 0 0 1725 0 5299 0 25920 0 155385 0 0 0 JEANETTE DAVIDSON MNG DIR., PROJECT DEVELOPMENT 126233 0 0 0 1794 0 5428 0 19874 0 153329 0 0 0 FOREST CRANDALL DIRECTOR, INVESTMENTS 135243 0 0 0 1600 0 5470 0 8787 0 151100 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 ALL DIRECTORS OF THE ORGANIZATION WERE PARTNERS OR CONSULTANTS OF BLUE FOREST CONSERVATION LLC. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF DIRECTORS REVIEW AND APPROVES THE FORM 990 BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD ENSURES THAT THE CONFLICT OF INTEREST POLICY IS DISTRIBUTED TO ALL INTERESTED PERSONS. INTERESTED PERSONS MUST SIGN AN ANNUAL STATEMENT ATTESTING THEY HAVE RECEIVED A COPY OF THE POLICY. FORM 990, PART VI, SECTION B, LINE 15 INDEPENDENT BOARD DIRECTORS REVIEW PEER ORGANIZATION COMPENSATION AND OTHER RELEVANT DATA, THEN RECOMMEND CEO COMPENSATION AND A COMPENSATION RANGE FOR OTHER OFFICERS AND KEY EMPLOYEES TO THE BOARD FOR ITS REVIEW AND APPROVAL ON AN ANNUAL BASIS, WITH SUCH REVIEW AND APPROVAL REFLECTED IN BOARD MEETING MINUTES. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FINANCIAL STATEMENTS ARE ALSO AVAILABLE ON THE COMPANY'S WEBSITE. 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