Nonprofit · EIN 93-0843521
THE FRESHWATER TRUST
Tax-exempt · PORTLAND, OR 97207
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $11,385,865 | $10,812,358 | $573,507 | $8,854,764 | $6,909,196 | $1,945,568 |
| December 31, 2023 | 990 | $11,646,667 | $11,013,649 | $633,018 | $7,824,312 | $6,353,058 | $1,471,254 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $7,597,402
- of which government grants
- $3,966,902
- Program service revenue
- $3,988,087
- Investment income
- -$46,981
- Net gain from sales of assets
- -$55,650
- Net income from fundraising events
- -$160,779
- Net income from gaming
- $8,136
- Other revenue
- -$152,643
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $1,039,424
- Other salaries and wages
- $3,256,409
- Salaries, compensation and benefits (total)
- $5,954,737
- Professional fundraising fees
- $0
- Legal fees
- $605
- Accounting fees
- $78,781
- Occupancy
- $280,271
- Travel
- $136,280
- Depreciation
- $59,922
- Program services (functional)
- $7,369,688
- Management and general (functional)
- $2,343,693
- Fundraising (functional)
- $1,098,977
Balance sheet and other
- Total assets, start of year
- $7,824,312
- Total assets, end of year
- $8,854,764
- Total liabilities, end of year
- $6,909,196
- Net assets, end of year
- $1,945,568
- Land, buildings and equipment
- $43,562
- Net assets without donor restrictions
- -$198,769
- Net assets with donor restrictions
- $2,144,337
- Gross receipts
- $11,837,936
- Employees
- 56
- Volunteers
- 23
- Year formed
- 1983
- State of legal domicile
- OR
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 |
|---|---|---|---|---|
| JOE WHITWORTH | PRESIDENT Officer | 40 | $262,714 | $43,081 |
| RENAI BELL | DIRECTOR OF PRODUCT & ANALYTICS Key employee | 40 | $182,125 | $21,652 |
| DAVID PRIMOZICH | VICE PRESIDENT OF WATER Key employee | 40 | $161,381 | $37,408 |
| DYLAN HARP | LEAD TECHNICAL SCIENTIST Highest-paid employee | 40 | $155,858 | $19,293 |
| ERIK RINGELBERG | REGIONAL VICE PRESIDENT CALIFORNIA Highest-paid employee | 40 | $145,646 | $27,661 |
| TIMOTHY WIGINGTON | VICE PRESIDENT OF FINANCE & POLICY Officer | 40 | $132,369 | $36,008 |
| KIMBERLEE OBILANA | VICE PRESIDENT OF PEOPLE & OPERATIONS Key employee | 40 | $153,392 | $9,294 |
| MARK PORTER | SCIENCE DIRECTOR Highest-paid employee | 40 | $133,660 | $17,519 |
| BEN WYATT SENIOR | DIRECTOR OF PARTNERSHIPS & COMMS Highest-paid employee | 40 | $134,495 | $15,688 |
| KATE MOORE | SENIOR WATER ATTORNEY Highest-paid employee | 40 | $113,561 | $6,965 |
| SCOTT SANDBO | CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| ANTHONY TRUNZO | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| MARGARET DONAVAN CORMIER | TREASURER UNTIL JUN 2024 Trustee or director, Officer | 2 | $0 | $0 |
| GARY FISH | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| AKBAR CHISTI | DIRECTOR Trustee or director | 2 | $0 | $0 |
18 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BRAD PREBLE | DIRECTOR Trustee or director | 2 | $0 |
| DAVID CHEN | DIRECTOR Trustee or director | 2 | $0 |
| DAVID LAURANCE | DIRECTOR Trustee or director | 2 | $0 |
| DEBRA HATCHER | DIRECTOR Trustee or director | 2 | $0 |
| FEE STUBBLEFIELD | DIRECTOR Trustee or director | 2 | $0 |
| GIA SCHNEIDER | DIRECTOR Trustee or director | 2 | $0 |
| HANK ASHFORTH | DIRECTOR Trustee or director | 2 | $0 |
| KIM MALEK | DIRECTOR Trustee or director | 2 | $0 |
| MARCELINO ALVAREZ | DIRECTOR Trustee or director | 2 | $0 |
| MARGARET TUCHMANN | DIRECTOR UNTIL JUN 2024 Trustee or director | 2 | $0 |
| MIKE POHL | DIRECTOR Trustee or director | 2 | $0 |
| MOLLY MCCABE | DIRECTOR Trustee or director | 2 | $0 |
| NATALIE HOCKEN | DIRECTOR Trustee or director | 2 | $0 |
| PAUL FORTINO | DIRECTOR Trustee or director | 2 | $0 |
| PETER DOUBLEDAY | DIRECTOR Trustee or director | 2 | $0 |
| SARA SPANGELO | DIRECTOR UNTIL DEC 2024 Trustee or director | 2 | $0 |
| SCOTT DEMOREST | DIRECTOR Trustee or director | 2 | $0 |
| WILLIAM NEUHAUSER | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 28 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JOE WHITWORTH | PRESIDENT Officer | 40 | $242,351 | $33,776 |
| RENAI BELL SENIOR | DIRECTOR OF PRODUCTS & ANALYTICS Highest-paid employee | 40 | $176,935 | $16,979 |
| DAVID PRIMOZICH | VICE PRESIDENT OF WATER Highest-paid employee | 40 | $151,002 | $29,344 |
| ERIK RINGELBERG | REGIONAL VICE PRESIDENT CALIFORNIA Highest-paid employee | 40 | $140,966 | $26,896 |
| DYLAN HARP SCIENTIST II | COMPUTATIONAL HYDROLOGY Highest-paid employee | 40 | $151,627 | $15,729 |
| TIMOTHY WIGINGTON | VICE PRESIDENT OF FINANCE & POLICY Officer | 40 | $126,120 | $30,768 |
| KIMBERLEE OBILANA | VICE PRESIDENT OF PEOPLE & OPERATIONS Highest-paid employee | 40 | $140,326 | $10,955 |
| SCOTT SANDBO | CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| MARGARET DONAVAN CORMIER | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| GARY FISH | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| ANTHONY TRUNZO | DIRECTOR Trustee or director | 2 | $0 | $0 |
| BRAD PREBLE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| DAVID CHEN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| DAVID LAURANCE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| DEBRA HATCHER | DIRECTOR Trustee or director | 2 | $0 | $0 |
| GIA SCHNEIDER | DIRECTOR Trustee or director | 2 | $0 | $0 |
| HANK ASHFORTH | DIRECTOR Trustee or director | 2 | $0 | $0 |
| KIM MALEK | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MARCELINO ALVAREZ | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MARGARET TUCHMANN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MIKE POHL | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MOLLY MCCABE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| NATALIE HOCKEN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| PAUL FORTINO | DIRECTOR Trustee or director | 2 | $0 | $0 |
| PETER DOUBLEDAY | DIRECTOR Trustee or director | 2 | $0 | $0 |
| SARA SPANGELO | DIRECTOR Trustee or director | 2 | $0 | $0 |
| SCOTT DEMOREST | DIRECTOR Trustee or director | 2 | $0 | $0 |
| WILLIAM NEUHAUSER | DIRECTOR Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 9205, PORTLAND, OR 97207-9205
- Principal officer (990 for 2024)
- JOE WHITWORTH, PO BOX 9205, PORTLAND, OR 97207
- Signed the 990
- JOE WHITWORTH, PRESIDENT/CEO
- Phone
- (503) 222-9091
- Website
- WWW.THEFRESHWATERTRUST.ORG
- Return prepared by
- BAKER TILLY ADVISORY GROUP LP
Mission
TO PRESERVE AND RESTORE FRESHWATER ECOSYSTEMS.
Program accomplishments
- WATER QUALITY TRADING & WATERSHED ANALYTICS - THE FRESHWATER TRUST USES DATA TO IDENTIFY AND ILLUSTRATE THE SPECIFIC ACTION OR ACTIONS NECESSARY TO CHANGE THE TRAJECTORY OF A WATERSHED'S CURRENT CONDITION; USES THAT INSIGHT TO DRIVE THE POLICY CHANGES, FUNDERS, AND SOCIAL BUY-IN NECESSARY TO UNDERSTAND AND IMPLEMENT THAT OPTIMAL PATHWAY; AND THEN DEVELOPS THE OPERATIONAL/SUPPLY CHAIN CAPACITY AND INNOVATIVE CONSERVATION FINANCING APPROACHES NECESSARY TO DEPLOY THOSE SOLUTIONS. WATER QUALITY TRADING IS ONE IMPORTANT APPROACH FOR CONVERTING THIS INSIGHT INTO HIGH QUALITY ON-THE-GROUND RESULTS. THE FRESHWATER TRUST'S WATER QUALITY TRADING PROGRAM ALLOWS FOR REGULATED ENTITIES TO ACHIEVE REGULATORY COMPLIANCE BY FUNDING QUANTIFIED RESTORATION ACTIONS. BY CALCULATING AND QUANTIFYING HOW MUCH THERMAL ENERGY IS AVOIDED ON A RIVER BY PLANTING STREAMSIDE TREES, THE ORGANIZATION GENERATES CREDITS THAT ARE THEN PURCHASED BY WASTEWATER FACILITIES AND POWER PLANTS TO OFFSET THEIR IMPACTS TO IMPAIRED RIVERS AND STREAMS. THE WORK IS DONE IN PARTNERSHIP WITH REGULATED AGENCIES, IRRIGATORS, REGULATORS AND FARMERS. THIS PROGRAM CAN INCLUDE RESTORATION ACTIONS THAT GENERATE NOT ONLY TEMPERATURE CREDITS, BUT ALSO CREDITS GENERATED FROM REDUCTIONS OF OTHER POLLUTANTS, SUCH AS NUTRIENTS.Expenses $4,844,682 · revenue $3,821,820
- HABITAT - THE FRESHWATER TRUST ACTIVELY RESTORES AQUATIC HABITAT IN THE WESTERN UNITED STATES THROUGH ITS HABITAT RESTORATION PROGRAM. FROM PLACING LOGS INSTREAM TO CREATE RIVER COMPLEXITY AND PLANTING TREES TO STABILIZE STREAMBANKS AND PROVIDE SHADE TO LOWER WATER TEMPERATURE, THE ORGANIZATION ADVANCES SCIENCE-BASED, ECOLOGICALLY-SOUND RESTORATION PROJECTS TO RESTORE HABITAT FUNCTION CRITICAL TO SALMON PRODUCTIVITY.Expenses $2,480,931 · revenue $69,107
- ON FARM & WATER TRANSACTIONS - THE FRESHWATER TRUST WORKS COLLABORATIVELY WITH WATER USERS TO DESIGN CONSERVATION SOLUTIONS THAT IMPROVE WATER USE EFFICIENCY, ENHANCE UNDERLYING GROUNDWATER CONDITIONS, AND HELP CREATE MORE STREAMFLOW IN RIVERS.Expenses $44,075 · revenue $97,160
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
- 93-0843521
- 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
- 1989
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Animal-related (D330)
- Assets (IRS master file)
- $8,854,764
- Income (IRS master file)
- $11,837,936
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $11,385,865 | $10,812,358 | $8,854,764 | XML |
| 990 | December 2023 | $11,646,667 | $11,013,649 | $7,824,312 | XML |
| 990 | December 2022 | $7,682,823 | $9,118,326 | $7,678,913 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | 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 93-0843521).
Questions about THE FRESHWATER TRUST
- What is the EIN of THE FRESHWATER TRUST?
- The employer identification number (EIN) of THE FRESHWATER TRUST is 93-0843521.
- Is THE FRESHWATER TRUST tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1989.
- Are donations to THE FRESHWATER TRUST tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE FRESHWATER TRUST 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 THE FRESHWATER TRUST 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 THE FRESHWATER TRUST 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 THE FRESHWATER TRUST?
- The 990 for the year ended December 31, 2024 names JOE WHITWORTH.
- Who are the officers and directors of THE FRESHWATER TRUST?
- The 990 for the year ended December 31, 2024 lists 33 people; 10 received compensation from the organization, the highest $262,714 (JOE WHITWORTH, PRESIDENT).
- How much revenue does THE FRESHWATER TRUST have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $11,385,865, expenses of $10,812,358 and total assets of $8,854,764 at year end.
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