Nonprofit · EIN 03-0348974
FRIENDS OF THE MAD RIVER
Tax-exempt · WAITSFIELD, VT 05673
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| March 31, 2025 | 990 | $276,199 | $263,497 | $12,702 | $529,063 | $3,220 | $525,843 |
| March 31, 2024 | 990 | $406,162 | $410,716 | -$4,554 | $525,517 | $12,894 | $512,623 |
Financial details: 990 for the year ended March 31, 2025
Revenue
- Contributions, gifts and grants
- $272,879
- Program service revenue
- $245
- Investment income
- $3,075
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $75,376
- Other salaries and wages
- $58,321
- Salaries, compensation and benefits (total)
- $147,960
- Professional fundraising fees
- $0
- Legal fees
- $390
- Accounting fees
- $4,125
- Occupancy
- $4,225
- Travel
- $1,089
- Depreciation
- $243
- Program services (functional)
- $195,271
- Management and general (functional)
- $50,783
- Fundraising (functional)
- $17,443
Balance sheet and other
- Total assets, start of year
- $525,517
- Total assets, end of year
- $529,063
- Total liabilities, end of year
- $3,220
- Net assets, end of year
- $525,843
- Land, buildings and equipment
- $119
- Net assets without donor restrictions
- $525,843
- Gross receipts
- $276,199
- Employees
- 4
- Volunteers
- 80
- Year formed
- 1991
- State of legal domicile
- VT
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended March 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| IRA SHADIS | EXECUTIVE DIRECTOR Officer | 40 | $71,079 | $6,004 |
| MATT WILLIAMS | PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| KATIE SULLIVAN | VICE PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| JOHN NORTON | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| F KINCAID PEROT | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| RICHARD CZAPLINSKI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| REBECCA DIEHL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JEANNIE NICKLAS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| AMY POLACZYK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRIAN SHUPE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BARBEE WHITAKER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRIAN LITMANS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CLARK AMADON | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended March 31, 2024: 11 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| IRA SHADIS | EXECUTIVE DIRECTOR Officer | 40 | $64,800 | $3,771 |
| MATT WILLIAMS | PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| KATIE SULLIVAN | VICE PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| JOHN NORTON | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| F KINCAID PEROT | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| RICHARD CZAPLINSKI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| REBECCA DIEHL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JEANNIE NICKLAS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GRADY O'SHAUGHNESSY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| AMY POLACZYK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRIAN SHUPE | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 255, WAITSFIELD, VT 05673-0255
- In care of
- % F KINCAID PEROT
- Principal officer (990 for 2024)
- JOHN NORTON, PO BOX 255, WAITSFIELD, VT 05673
- Signed the 990
- JOHN NORTON, TREASURER
- Phone
- (802) 355-6596
- Website
- FRIENDSOFTHEMADRIVER.ORG
- Return prepared by
- MCSOLEY MCCOY & CO
Mission
FRIENDS OF THE MAD RIVER (FMR) IS DEDICATED TO STEWARDING THE MAD RIVER VALLEY'S HEALTHY LAND AND CLEAN WATER FOR OUR COMMUNITY AND FUTURE GENERATIONS.
Program accomplishments
- WORKED WITH COMMUNITY MEMBERS AND PARTNERS TO: PLAN FOR A CLIMATE RESILIENT COMMUNITY; "SLOW, SPREAD, AND SINK" STORM RUNOFF; RESTORE RIPARIAN BUFFERS; IMPROVE TRANSPORTATION INFRASTRUCTURE TO REDUCE ENVIRONMENTAL IMPACTS; MONITOR WATER QUALITY AND WATERSHED ECOSYSTEM HEALTH; AND, PROVIDE EDUCATION AND TECHNICAL ASSISTANCE FOR WATERSHED PLANNING, LAND MANAGEMENT, AND COMMUNITY AWARENESS OF WATERSHED ISSUES.Expenses $195,271 · revenue $245
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in March, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | March 31, 2026 | August 17, 2026 | Not on file |
| 2024 | March 31, 2025 | August 15, 2025 | 990 on file |
| 2023 | March 31, 2024 | August 15, 2024 | 990 on file |
IRS record
- EIN
- 03-0348974
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1998
- Accounting year ends
- March
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Environment (C320)
- Assets (IRS master file)
- $529,063
- Income (IRS master file)
- $276,199
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | March 2025 | $276,199 | $263,497 | $529,063 | XML |
| 990 | March 2024 | $406,162 | $410,716 | $525,517 | XML |
| 990 | March 2023 | $196,134 | $182,779 | $528,620 | IRS |
| 990 | March 2022 | – | – | – | IRS |
| 990 | March 2021 | – | – | – | IRS |
| 990 | March 2019 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 03-0348974).
Questions about FRIENDS OF THE MAD RIVER
- What is the EIN of FRIENDS OF THE MAD RIVER?
- The employer identification number (EIN) of FRIENDS OF THE MAD RIVER is 03-0348974.
- Is FRIENDS OF THE MAD RIVER tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1998.
- Are donations to FRIENDS OF THE MAD RIVER tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FRIENDS OF THE MAD RIVER file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of FRIENDS OF THE MAD RIVER due?
- The return for tax year 2025 (the year ending March 31, 2026) is due August 17, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FRIENDS OF THE MAD RIVER last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended March 2025.
- Who is the principal officer of FRIENDS OF THE MAD RIVER?
- The 990 for the year ended March 31, 2025 names JOHN NORTON.
- Who are the officers and directors of FRIENDS OF THE MAD RIVER?
- The 990 for the year ended March 31, 2025 lists 13 people; 1 received compensation from the organization, the highest $71,079 (IRA SHADIS, EXECUTIVE DIRECTOR).
- How much revenue does FRIENDS OF THE MAD RIVER have?
- On its 990 for the year ended March 31, 2025 it reported revenue of $276,199, expenses of $263,497 and total assets of $529,063 at year end.
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