Wabash River Enhancement Corp
- Assets
- $8.2m
- Revenue
- $850.1k
- Investments
- $0.0
- Employees
- 4
- Location
- Lafayette, IN
- Founding
- 01/2005
- Data as of
- 12/2022
- EIN
- 20-1337591
Organization Overview
Wabash River Enhancement Corp is located in Lafayette, IN. The organization was established in 2005. According to its NTEE Classification (C30) the organization is classified as: Natural Resources Conservation & Protection, under the broad grouping of Environment and related organizations. As of 12/2022, Wabash River Enhancement Corp employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wabash River Enhancement Corp is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Wabash River Enhancement Corp generated $850.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (10.4%) each year. All expenses for the organization totaled $886.8k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.5%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE THE QUALITY OF LIFE IN THE WABASH RIVER CORRIDOR BY PROVIDING SUSTAINABLE OPPORTUNITIES TO IMPROVE HEALTH, RECREATION, EDUCATION, ECONOMIC DEVELOPMENT, AND ENVIRONMENTAL MANAGEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2022, WREC CONTINUED TO ADVANCE ITS MISSION TO ENHANCE THE WABASH RIVER CORRIDOR AS FOLLOWS: -WREC COMPLETED IMPLEMENTATION OF A 541K FOLLOW UP EPA/IDEM 319 NPS WATERSHED IMPLEMENTATION GRANT COVERING 2021-23. -WREC WAS AWARDED A 570,000 FOLLOW UP EPA/IDEM 319 NPS WATERSHED IMPLEMENTATION GRANT COVERING 2023-2026. (342K/EPA FUNDS AND 228K IN LOCAL MATCH FUNDS) -WREC ENTERED THE FINAL PHASE OF DEVELOPING A REGIONAL WABASH RIVER GREENWAY CORRIDOR MASTER PLAN FOR THE RIVER CORRIDOR THROUGH FOUNTAIN, WARREN, TIPPECANOE, CARROLL, AND CASS COUNTIES. THE PROJECT IS TENTATIVELY SCHEDULED TO CBE COMPLETED IN 2023. -WREC CONTINUED TO PARTNER WITH THE GREATER LAFAYETTE READI REGION IN THE STATE OF INDIANA'S REGIONAL ECONOMIC ACCELERATION, AND DEVELOPMENT INITIATIVE (READI), A REGIONAL ECONOMIC DEVELOPMENT PROGRAM AND SECURED 6.5M IN READI FUNDING FOR THE REGIONAL WABASH RIVER GREENWAY WITH FUNDS TO BE ALLOCATED TO EACH COUNTY FOR ITS WRG PROJECT. THE OVERALL WRG READI FUNDS WILL BE MATCHED LOCALLY BY APPOROXIMATELY 12.1M. THE TIPPECANOE COUNTY READI PROJECT WILL CONSTRUCT THE NORTH RIVER ROAD (NRR) TRAIL HEAD PROJECT WHICH CONSISTS OF THE WL SAGAMORE PARKWAY CONNECTOR TRAIL (SOLDIERS HOME RD-WEST LANDING OF THE SAGAMORE PARKWAY VEHICULAR BRIDGE PROTECTED BIKE LANE), A NRR TRAIL HEAD PARKING LOT AND CONNECTOR TRAIL FROM THE PARKING LOT TO THE WL CONNECTOR TRAIL, AND A CONNECTOR TRAIL ON THE LAFAYETTE SIDE OF THE RIVER CONNECTING FROM THE EAST LANDING OF THE SAGAMORE PARKWAY VEHICULAR BRIDGE PROTECTED BIKE LANE DOWN TO THE EXISTING WABASH RIVER HERITAGE TRAIL, AND A CANOE/KAYAK PUT-IN/TAKE OUT FACILITY ON NRR. THE TC READI PROJECT IS ALLOCATED 2.925M OF THE READI FUNDS AND WAS MATCHED WITH 8.3M OF THE OVERALL LOCAL MATCH FUNDING. -WREC PARNTERED WITH THE CITY OF LAFAYETTE TO RECEIVE A 2.7M IN DEPT OF NATURAL RESOURCES NEXT LEVEL TRAILS GRANT TO CONSTRUCT THE LAFAYETTE SAGAMORE PARKWAY CONNECTOR TRAIL. THE CITY OF LAFAYETTE WILL SERVE AS THE LOCAL GRANTEE FOR THE PROJECT. THE PROJECT WILL CONNECT TO THE TIPPECANOE COUNTY READI PROJECT. -WREC CONTINUED ITS EDUCATION AND OUTREACH EFFORTS HOSTING THE COMMUNITY'S POPULAR WABASH RIVERFEST COMMUNITY FESTIVAL, LEADING A GREEN TOUR TO HIGHLIGHT GREEN INFRASTRUCTURE FUNDED THROUGH WREC'S WATERSHED COST SHARE PROGRAM, LEADING BI-ANNUAL WATERSHED WATER SAMPLING BLITZ EVENTS, AND PARTNERING WITH COMMUNITY ORGANIZATIONS TO HOLD BI-ANNUAL DE-TRASH THE WABASH CLEANUP EVENTS AND INVASIVE PLANT MANAGEMENT WORKDAYS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stanton Lambert Executive Di | Officer | 40 | $82,032 |
Jim Andrew Director | Trustee | $0 | |
John Collier Secretary | OfficerTrustee | $0 | |
John Dennis Treasurer | OfficerTrustee | $0 | |
John Gambs Director | Trustee | $0 | |
Jody Hamilton Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $174,410 |
| All other contributions, gifts, grants, and similar amounts not included above | $632,743 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $807,153 |
| Total Program Service Revenue | $62,572 |
| Investment income | $788 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$34,449 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $850,076 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $167,613 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $23,699 |
| Payroll taxes | $10,957 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $41,481 |
| Fees for services: Accounting | $14,052 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $11,106 |
| Office expenses | $8,684 |
| Information technology | $8,634 |
| Royalties | $0 |
| Occupancy | $75,908 |
| Travel | $2,151 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $124,778 |
| Insurance | $19,948 |
| All other expenses | $2,733 |
| Total functional expenses | $886,768 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $218,184 |
| Savings and temporary cash investments | $425,128 |
| Pledges and grants receivable | $34,620 |
| Accounts receivable, net | $116,468 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $15,268 |
| Net Land, buildings, and equipment | $7,361,612 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,171,280 |
| Accounts payable and accrued expenses | $105,263 |
| Grants payable | $0 |
| Deferred revenue | $3,167 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $108,430 |
| Net assets without donor restrictions | $7,637,998 |
| Net assets with donor restrictions | $424,852 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $8,171,280 |