Nonprofit · EIN 83-1666979
BLUE FOREST FINANCE INC
Tax-exempt · SACRAMENTO, CA 95822
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $8,932,160 | $8,990,905 | -$58,745 | $35,190,546 | $29,861,439 | $5,329,107 |
| December 31, 2023 | 990 | $7,401,673 | $6,460,113 | $941,560 | $21,610,036 | $16,829,384 | $4,780,652 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $6,138,844
- of which government grants
- $2,564,869
- Program service revenue
- $2,359,521
- Investment income
- $433,396
- Net gain from sales of assets
- $430,893
- Other revenue
- $399
Expenses
- Grants and similar amounts paid
- $1,300,000
- Compensation of officers, directors and key employees
- $869,677
- Other salaries and wages
- $2,568,111
- Salaries, compensation and benefits (total)
- $5,028,470
- Professional fundraising fees
- $0
- Legal fees
- $203
- Accounting fees
- $263,355
- Occupancy
- $21,728
- Travel
- $316,202
- Program services (functional)
- $6,979,641
- Management and general (functional)
- $1,773,257
- Fundraising (functional)
- $238,007
Balance sheet and other
- Total assets, start of year
- $21,610,036
- Total assets, end of year
- $35,190,546
- Total liabilities, end of year
- $29,861,439
- Net assets, end of year
- $5,329,107
- Net assets without donor restrictions
- $3,917,885
- Net assets with donor restrictions
- $1,411,222
- Gross receipts
- $19,530,205
- Employees
- 46
- Volunteers
- 5
- Year formed
- 2018
- State of legal domicile
- CA
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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ZACHARY KNIGHT | CEO & PRESIDENT Trustee or director, Officer | 50 | $182,374 | $48,804 |
| GORDON VERMEER | CFO & TREASURER Officer | 50 | $182,895 | $33,055 |
| PHILIP SAKSA | CHIEF SCIENTIST Key employee | 50 | $193,240 | $19,190 |
| NICHOLAS WOBBROCK | CHIEF CONSERVATION OFFICER & SECRETARY Trustee or director, Officer | 50 | $178,913 | $31,207 |
| MACKENZIE CLOYES | CHIEF OF STAFF Highest-paid employee | 50 | $161,734 | $17,100 |
| FOREST CRANDALL | DIRECTOR OF INVESTMENTS Highest-paid employee | 50 | $144,728 | $15,708 |
| SEREN PENDLETON-KNOLL | DIRECTOR OF EXTERNAL AFFAIRS Highest-paid employee | 50 | $132,754 | $27,673 |
| LUKE CARPENTER | DIRECTOR OF INVESTMENTS Highest-paid employee | 50 | $124,358 | $19,790 |
| MICAH ELIAS | DIRECTOR OF NATURAL CAPITAL Highest-paid employee | 50 | $125,534 | $15,652 |
| SHERI ELLIOTT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RICARDO BAYON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| NEWSHA K AJAMI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DANIELA SALTZMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHAD REED | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 14 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ZACHARY KNIGHT | CEO & PRESIDENT Trustee or director, Officer | 50 | $156,056 | $44,043 |
| NICHOLAS WOBBROCK | COO & SECRETARY Trustee or director, Officer | 50 | $160,927 | $30,822 |
| PHILIP SAKSA | CHIEF SCIENTIST Key employee | 50 | $172,730 | $16,590 |
| GORDON VERMEER | CFO & TREASURER Officer | 50 | $159,961 | $26,138 |
| MACKENZIE CLOYES | CHIEF OF STAFF Highest-paid employee | 50 | $146,644 | $15,213 |
| NATASHA NURSE | HEAD OF TALENT & EQUITY Highest-paid employee | 50 | $124,166 | $31,219 |
| JEANETTE DAVIDSON | MNG DIR., PROJECT DEVELOPMENT Highest-paid employee | 50 | $128,027 | $25,302 |
| FOREST CRANDALL | DIRECTOR, INVESTMENTS Highest-paid employee | 50 | $136,843 | $14,257 |
| MATTHEW SJOHOLM | DIRECTOR, PROJECT DEVELOPMENT Highest-paid employee | 50 | $114,663 | $11,042 |
| SHERI ELLIOTT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RICARDO BAYON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| NEWSHA K AJAMI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DANIELA SALTZMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHAD REED | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 5960 S LAND PARK DR 1264, SACRAMENTO, CA 95822-3313
- In care of
- % LEIGH MADEIRA
- Principal officer (990 for 2024)
- ZACHARY KNIGHT, 5960 S LAND PARK DR 1264, SACRAMENTO, CA 95822
- Signed the 990
- ZACHARY KNIGHT, CEO & PRESIDENT
- Phone
- (202) 271-1548
- Website
- WWW.BLUEFOREST.ORG
- Return prepared by
- COHNREZNICK ADVISORY LLC
California records
California keeps its own records of charities and corporations. Search them by EIN 83-1666979 or by the name BLUE FOREST FINANCE INC.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
BLUE FOREST IS A NON-PROFIT CONSERVATION FINANCE ORGANIZATION. WE BRING PEOPLE, FINANCE AND SCIENCE TOGETHER TO RESTORE AND PROTECT OUR FORESTS, WATERSHEDS, ECOSYSTEMS AND COMMUNITIES.
Program accomplishments
- PROJECT DEVELOPMENT - INVOLVES DEVELOPMENT, DESIGN, AND IMPLEMENTATION OF CONSERVATION FINANCE. THIS INCLUDES THE FOREST RESILIENCE BOND (FRB), AN INNOVATIVE FINANCING MECHANISM THAT ACCESSES PRIVATE CAPITAL TO FINANCE FOREST RESTORATION PROJECTS TO PROTECT COMMUNITIES, ECOSYSTEM BENEFITS, AND RURAL LIVELHOODS; AND BLUE FOREST ASSET MANAGEMENT (BFAM), WHICH PROVIDES FLEXIBLE FINANCING TO COMPANIES LEADING FOREST RESTORATION AND WILDFIRE MITIGATION WORK ACROSS CALIFORNIA. 2024 IMPACTS INCLUDED $17.8M DEPLOYED FOR ECOSYSTEM RESILIENCE, 141 JOBS SUPPORTED, 12 ACTIVE NATIONAL FOREST ENGAGEMENTS FOR FRB PROJECT DEVELOPMENT, 10,168 ACRES PROTECTED, AND 34,977 ACRE-FEET OF WATER SUPPLY PROTECTED.Expenses $6,494,036 · grants $1,300,000 · revenue $2,359,920
- 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, WHILE ALSO ADVANCING THE FIELD OF CONSERVATION FINANCE BROADLY. 2024 IMPACTS INCLUDED FEATURES IN LEADING IMPACT INVESTING PUBLICATIONS, INCLUSION IN THE REVENUES FOR NATURE DATABASE, WINNER OF THE FOREST SERVICE REGIONAL PARTNERSHIP OF THE YEAR, ACHIEVING COIN CDFI CERTIFICATION, AND BEING NAMED AS A KEELING CURVE PRIZE LAUREATE.Expenses $350,654
- SCIENCE & RESEARCH - BLUE FOREST COMBINES THE LATEST WESTERN SCIENCE WITH INDIGENOUS KNOWLEDGE TO BUILD MORE RESILIENT ECOSYSTEMS AND COMMUNITIES. OUR SCIENCE TEAM WORKS TO EVALUATE AND MONITOR PROJECT BENEFITS. WE HELP DEVELOP, TEST AND DEPLOY NEW TOOLS AND METHODS FOR MEASURING RESTORATION PROJECT OUTCOMES. WE PARTNER WITH ACADEMIC AND RESEARCH ORGANIZATIONS TO EVALUATE AND COMMUNICATE THE BENEFITS OF INVESTING IN ECOSYSTEM RESILIENCE, AND WE MAINTAIN A PORTFOLIO OF INDEPENDENT RESEARCH PROJECTS AIMED AT GAINING NEW INSIGHTS INTO THE BENEFITS OF WELL-MANAGED LANDSCAPES. IN 2024 BLUE FOREST TEAM MEMBERS PUBLISHED 4 RESEARCH PAPERS, COMPLETED BENEFITS ANALYSIS FOR 21 UNIQUE PROJECTS, AND PARTICIPATED IN 19 PUBLIC PRESENTATIONS AND PANELS.Expenses $134,951
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 | Not 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
- 83-1666979
- 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
- 2020
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Environment (C30)
- Assets (IRS master file)
- $35,190,546
- Income (IRS master file)
- $19,530,205
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $8,932,160 | $8,990,905 | $35,190,546 | XML |
| 990 | December 2023 | $7,401,673 | $6,460,113 | $21,610,036 | XML |
| 990 | December 2022 | $5,334,916 | $3,436,552 | $13,996,241 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 83-1666979).
Questions about BLUE FOREST FINANCE INC
- What is the EIN of BLUE FOREST FINANCE INC?
- The employer identification number (EIN) of BLUE FOREST FINANCE INC is 83-1666979.
- Is BLUE FOREST FINANCE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to BLUE FOREST FINANCE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BLUE FOREST FINANCE INC 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 BLUE FOREST FINANCE INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BLUE FOREST FINANCE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of BLUE FOREST FINANCE INC?
- The 990 for the year ended December 31, 2024 names ZACHARY KNIGHT.
- Who are the officers and directors of BLUE FOREST FINANCE INC?
- The 990 for the year ended December 31, 2024 lists 14 people; 9 received compensation from the organization, the highest $182,374 (ZACHARY KNIGHT, CEO & PRESIDENT).
- How much revenue does BLUE FOREST FINANCE INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $8,932,160, expenses of $8,990,905 and total assets of $35,190,546 at year end.
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