Nonprofit · EIN 20-0281441
PROJECT WET FOUNDATION
Tax-exempt · BOZEMAN, MT 59772
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $711,201 | $760,732 | -$49,531 | $615,569 | $208,143 | $407,426 |
| December 31, 2024 | 990 | $672,684 | $923,715 | -$251,031 | $805,674 | $356,041 | $449,633 |
| December 31, 2023 | 990 | $639,047 | $938,533 | -$299,486 | $811,241 | $125,921 | $685,320 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $53,957
- of which government grants
- $4,199
- Program service revenue
- $297,269
- Investment income
- $44,403
- Net rental income
- $5,400
- Net gain from sales of assets
- $6,262
- Net income from sales of inventory
- $307,858
- Other revenue
- $315,572
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $178,394
- Other salaries and wages
- $167,028
- Salaries, compensation and benefits (total)
- $467,205
- Professional fundraising fees
- $1,200
- Accounting fees
- $42,100
- Occupancy
- $34,104
- Travel
- $7,850
- Depreciation
- $9,198
- Program services (functional)
- $503,283
- Management and general (functional)
- $216,556
- Fundraising (functional)
- $40,893
Balance sheet and other
- Total assets, start of year
- $805,674
- Total assets, end of year
- $615,569
- Total liabilities, end of year
- $208,143
- Net assets, end of year
- $407,426
- Publicly traded securities
- $440,436
- Net assets without donor restrictions
- $407,426
- Gross receipts
- $919,579
- Employees
- 5
- Volunteers
- 8
- Year formed
- 2003
- State of legal domicile
- MT
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 December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MORGAN CLOSE | EXECUTIVE DIRECTOR, OPERATIONS Officer | 40 | $89,396 | $32,028 |
| JULIA BECK | EXECUTIVE DIRECTOR, PROGRAMS Officer | 40 | $88,998 | $32,391 |
| MONICA KILPATRICK | PRESIDENT Trustee or director, Officer | 2.5 | $0 | $0 |
| SHANI COOKE | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| SHEA DUNIFON | TREASURER Trustee or director, Officer | 1.5 | $0 | $0 |
| DAVID M DAL POS | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| JANE LAZGIN | BOARD MEMBER Trustee or director | 1.5 | $0 | $0 |
| MEAGAN HELLER | BOARD MEMBER Trustee or director | 1.5 | $0 | $0 |
| JANEL ANCAYAN | BOARD MEMBER Trustee or director | 1.5 | $0 | $0 |
| KURT BABE | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
990 for the year ended December 31, 2024: 8 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JOHN ETGEN | CEO Officer | 40 | $122,414 | $22,942 |
| MONICA KILPATRICK | 24-25 BOARD PRESIDENT Trustee or director, Officer | 2.5 | $0 | $0 |
| SHANI COOKE | 24-25 BOARD VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| DAVID M DAL POS | BOARD SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| SHEA DUNIFON | BOARD TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| JANE LAZGIN | BOARD MEMBER Trustee or director | 1.5 | $0 | $0 |
| KURT BABE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MEAGAN HELLER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JOHN ETGEN | CEO Officer | 40 | $132,878 | $26,641 |
| DAVID M DAL POS | BOARD SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| MONICA KILPATRICK | BOARD TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| EDNA PRIMROSE | BOARD PRESIDENT Trustee or director, Officer | 2.5 | $0 | $0 |
| JASHELL MITCHELL | BOARD VICE PRESIDENT Trustee or director, Officer | 0.5 | $0 | $0 |
| DANIEL BENITEZ | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| WILL SARNI | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| FABIANA CYMROT | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| JANE LAZGIN | BOARD MEMBER Trustee or director | 1.5 | $0 | $0 |
| SHANI COOKE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MARCELLE SHOOP | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 4230, BOZEMAN, MT 59772-4230
- In care of
- % DENNIS NELSON
- Principal officer (990 for 2025)
- MORGAN CLOSE, PO BOX 4230, BOZEMAN, MT 59772
- Signed the 990
- MORGAN CLOSE, EXECUTIVE DIRECTOR, OPERATIONS
- Phone
- (406) 585-2236
- Website
- WWW.PROJECTWET.ORG
- Return prepared by
- PINION LLC
Mission
THE MISSION OF THE PROJECT WET FOUNDATION IS TO ADVANCE WATER EDUCATION TO UNDERSTAND GLOBAL CHALLENGES AND INSPIRE LOCAL ACTIONS.
Program accomplishments
- AT A TIME WHEN WATER RESOURCES AND CRITICAL INFRASTRUCTURE FACE MANY THREATS AROUND THE WORLD, THE PROJECT WET FOUNDATION INSPIRES LOCAL ACTION THAT SUPPORTS WATER ACCESS AND UNDERSTANDING OF RESPONSIBLE WATER STEWARDSHIP, ENCOURAGING A SUSTAINABLE FUTURE. THE PROJECT WET FOUNDATION WORKS WITH PARTNERS IN MORE THAN 80 COUNTRIES AND ALL 50 U.S. STATES AND TERRITORIES TO DELIVER HANDS-ON EDUCATION ABOUT WATER. THROUGH THIS NETWORK, THE ORGANIZATION TRAINS THOUSANDS OF EDUCATORS, CORPORATE EMPLOYEES, PARENTS, AND COMMUNITY MEMBERS, ANNUALLY REACHING AND INSPIRING ACTION BY MORE THAN 2.5 MILLION PEOPLE.Expenses $503,283 · revenue $607,441
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 20-0281441
- 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
- 2004
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Environment (C32)
- Assets (IRS master file)
- $615,569
- Income (IRS master file)
- $919,579
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $711,201 | $760,732 | $615,569 | XML |
| 990 | December 2024 | $672,684 | $923,715 | $805,674 | XML |
| 990 | December 2023 | $639,047 | $938,533 | $811,241 | XML |
| 990 | December 2022 | $767,037 | $981,508 | $1,090,782 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | 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 20-0281441).
Questions about PROJECT WET FOUNDATION
- What is the EIN of PROJECT WET FOUNDATION?
- The employer identification number (EIN) of PROJECT WET FOUNDATION is 20-0281441.
- Is PROJECT WET FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2004.
- Are donations to PROJECT WET FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PROJECT WET FOUNDATION 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 PROJECT WET FOUNDATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PROJECT WET FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of PROJECT WET FOUNDATION?
- The 990 for the year ended December 31, 2025 names MORGAN CLOSE.
- Who are the officers and directors of PROJECT WET FOUNDATION?
- The 990 for the year ended December 31, 2025 lists 10 people; 2 received compensation from the organization, the highest $89,396 (MORGAN CLOSE, EXECUTIVE DIRECTOR, OPERATIONS).
- How much revenue does PROJECT WET FOUNDATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $711,201, expenses of $760,732 and total assets of $615,569 at year end.
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