Skip to main content
IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 91-1773965

PUGET SOUND RESTORATION FUND

Tax-exempt · BAINBRIDGE IS, WA 98110

Financials

$3.5M$2.1M2023$2.6M$2.9M2024
Revenue Expenses · by fiscal year end
Financials of PUGET SOUND RESTORATION FUND by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$2,590,633$2,921,366-$330,733$4,131,858$424,193$3,707,665
December 31, 2023990$3,466,875$2,104,361$1,362,514$4,138,661$110,135$4,028,526
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$2,367,761
of which government grants
$1,622,300
Program service revenue
$0
Investment income
$106,776
Net gain from sales of assets
$2,251
Net income from fundraising events
$98,336
Net income from sales of inventory
$17,760
Other revenue
$116,096

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$306,694
Other salaries and wages
$1,290,102
Salaries, compensation and benefits (total)
$1,905,485
Professional fundraising fees
$0
Accounting fees
$70,510
Occupancy
$52,782
Travel
$78,477
Depreciation
$20,643
Program services (functional)
$2,639,741
Management and general (functional)
$246,600
Fundraising (functional)
$35,025

Balance sheet and other

Total assets, start of year
$4,138,661
Total assets, end of year
$4,131,858
Total liabilities, end of year
$424,193
Net assets, end of year
$3,707,665
Land, buildings and equipment
$97,567
Net assets without donor restrictions
$2,294,705
Net assets with donor restrictions
$1,412,960
Gross receipts
$2,669,765
Employees
28
Year formed
1997
State of legal domicile
WA

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.

NameTitleHours / weekCompensation
ELIZABETH K PEABODYDIRECTOR EMERITUS
Trustee or director, Officer
40$166,999
JODIE TOFTEXECUTIVE DIRECTOR
Trustee or director, Officer
40$157,000
DAVID HERRERADIRECTOR
Trustee or director
1$0
MORGAN ROHRBACHDIRECTOR
Trustee or director
1$0
BRITTANY TAYLORDIRECTOR
Trustee or director
1$0
MATTHEW CHOWDIRECTOR
Trustee or director
1$0
WALT MCGRAWDIRECTOR
Trustee or director
1$0
JOSEPH PETERSDIRECTOR
Trustee or director
1$0
VICTOR STEINBRUECKDIRECTOR
Trustee or director
1$0
MOLLY ADOLFSONVICE PRESIDENT
Trustee or director, Officer
4$0
STEVE ANDERSONTREASURER
Trustee or director, Officer
4$0
BILLY PLAUCHESECRETARY
Trustee or director, Officer
4$0
JAY MANNINGPRESIDENT
Trustee or director, Officer
4$0
990 for the year ended December 31, 2023: 13 people
NameTitleHours / weekCompensation
ELIZABETH K PEABODYEXECUTIVE DIRECTOR
Trustee or director, Officer
40$182,344
JODIE TOFTDEPUTY DIRECTOR
Trustee or director, Officer
40$125,845
BRITTANY TAYLORDIRECTOR
Trustee or director
1$0
WALT MCGRAWDIRECTOR
Trustee or director
1$0
MATTHEW CHOWDIRECTOR
Trustee or director
1$0
DAVID HERRERADIRECTOR
Trustee or director
1$0
VICTOR STEINBRUECKDIRECTOR
Trustee or director
1$0
MORGAN ROHRBACHDIRECTOR
Trustee or director
1$0
JOSEPH PETERSDIRECTOR
Trustee or director
1$0
STEVE ANDERSONTREASURER
Trustee or director, Officer
4$0
MOLLY ADOLFSONVICE PRESIDENT
Trustee or director, Officer
4$0
JAY MANNINGPRESIDENT
Trustee or director, Officer
4$0
BILLY PLAUCHESECRETARY
Trustee or director, Officer
4$0

Address and contacts

Address (IRS master file)
8001 NE DAY RD W, BAINBRIDGE IS, WA 98110-4208
In care of
% JODIE TOFT
Signed the 990
JODIE TOFT, EXECUTIVE DIRECTOR
Phone
(206) 780-6947
Return prepared by
GINTZ WARNER PLLC

Mission

TO RESTORE HABITAT, WATER QUALITY AND NATIVE SPECIES IN THE PUGET SOUND

990 for the year ended December 31, 2024

Program accomplishments

  • BULL KELP RESTORATION - CONTINUED DEVELOPING AND ADVANCING A SUITE OF CAPABILITIES TO RESPOND TO DECLINES IN OUR REGIONS KELP FORESTS. WITH A BROAD SET OF PARTNERS, WE HAVE BEEN TESTING ENHANCEMENT TECHNIQUES, ESTABLISHING KELP LAB FACILITIES, CREATING A KELP SEED BANK AS A LONG-TERM ARCHIVE OF GENETIC MATERIAL FROM OVER 20 KELP FORESTS IN PUGET SOUND, ESTABLISHING UNDERWATER MONITORING SITES, AND BEGINNING A GENETICS ASSESSMENT. SINCE 2020, PSRF HAS SUCCESSFULLY GROWN CANOPY KELP EACH YEAR FROM SEAFLOOR TO SURFACE AT DOE-KAG-WATS/PT. JEFFERSON IN CENTRAL PUGET SOUND IN PARTNERSHIP WITH THE SUQUAMISH TRIBE, NOAA, WASHINGTON STATE, AND OTHER PARTNERS.
    Expenses $804,725
  • ABALONE RECOVERY - CONTINUED MANAGING A PINTO ABALONE CONSERVATION BREEDING AND PROGRAM BY PRODUCING AND REARING GENETICALLY DIVERSE ABALONE IN THE HATCHERY AND THEN OUTPLANTING JUVENILE ABALONE AT RESTORATION SITES TO HELP RECOVER SEVERELY DEPRESSED ABALONE POPULATIONS IN WASHINGTON STATE. PINTO ABALONE HELP MAINTAIN HEALTHY SUBTIDAL ROCKY REEF HABITAT AND KELP FOREST ECOSYSTEMS BY GRAZING AND CLEARING ROCK SURFACES FOR SETTLEMENT BY OTHER ORGANISMS. THROUGH DECEMBER 2024, NEARLY 62,000 JUVENILE ABALONE HAVE BEEN INTRODUCED AT RESTORATION SITES IN THE SAN JUAN ARCHIPELAGO (SJA) THROUGH A LONG-TERM PARTNERSHIP WITH WASHINGTON DEPARTMENT OF FISH & WILDLIFE, NOAA, TRIBES, AND UNIVERSITIES. THE GOAL IS TO USE HEALTHY, GENETICALLY DIVERSE HATCHERY REARED JUVENILE ABALONE TO CREATE AGGREGATIONS IN THE WILD THAT DEVELOP INTO SUSTAINABLY REPRODUCING POPULATIONS. OUTPLANT DATA ANALYZED IN 2018 DOCUMENTED A 97% DECLINE IN THE POPULATION AT INDEX STATIONS 1994-2017.
    Expenses $546,571
  • CONSERVATION HATCHERY - OPERATED A CONSERVATION HATCHERY ESTABLISHED WITH NOAA UNDER THE AUSPICES OF THE WASHINGTON SHELLFISH INITIATIVE. ESTABLISHED IN 2013, THE KENNETH K CHEW CENTER FOR SHELLFISH RESEARCH AND RESTORATION SERVES AS A HUB FOR PROPAGATING AND RESTORING NATIVE SPECIES AND DEVELOPING STRATEGIES TO MITGATE THE IMPACTS TO MARINE RESOURCES DUE TO OCEAN ACIDIFICATION. THE HATCHERY IS OPERATED BY PUGET SOUND RESTORATION FUND AT THE NOAAS MANCHESTER RESEARCH STATION IN MANCHESTER, WA THROUGH A COOPERATIVE RESEARCH AND DEVELOPMENT AGREEMENT. HATCHERY AND NURSERY OPERATIONS INCLUDED MAINTAINING MICROALGAE CULTURE, PRODUCING AND REARING OLYMPIA OYSTERS AND PINTO ABALONE FOR RESTORATION OUTPLANTS, PROPAGATING KELP SEED TO HELP REGROW KELP FORESTS, ADAPTIVELY MANAGING CONSERVATION PROTOCOLS TO ENSURE GENETIC DIVERSITY, AND CONDUCTING RESEARCH ON OCEAN ACIDIFICATION AND OTHER STRESSORS AFFECTING SHELLFISH POPULATIONS.
    Expenses $203,495
  • OTHER SMALL PROGRAMS
    Expenses $1,084,950

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
91-1773965
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
1997
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Environment (C123)
Assets (IRS master file)
$4,131,858
Income (IRS master file)
$2,669,765

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$2,590,633$2,921,366$4,131,858XML
990December 2023$3,466,875$2,104,361$4,138,661XML
990December 2022$1,782,910$2,548,869$2,690,413IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 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 91-1773965).

Questions about PUGET SOUND RESTORATION FUND

What is the EIN of PUGET SOUND RESTORATION FUND?
The employer identification number (EIN) of PUGET SOUND RESTORATION FUND is 91-1773965.
Is PUGET SOUND RESTORATION FUND tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1997.
Are donations to PUGET SOUND RESTORATION FUND tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does PUGET SOUND RESTORATION FUND 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 PUGET SOUND RESTORATION FUND 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 PUGET SOUND RESTORATION FUND last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who are the officers and directors of PUGET SOUND RESTORATION FUND?
The 990 for the year ended December 31, 2024 lists 13 people; 2 received compensation from the organization, the highest $166,999 (ELIZABETH K PEABODY, DIRECTOR EMERITUS).
How much revenue does PUGET SOUND RESTORATION FUND have?
On its 990 for the year ended December 31, 2024 it reported revenue of $2,590,633, expenses of $2,921,366 and total assets of $4,131,858 at year end.

Other nonprofits in BAINBRIDGE IS

All nonprofits in BAINBRIDGE IS · Washington · Environment