Wabash River Enhancement Corp
- Assets
- $8.4m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 4
- Location
- Lafayette, IN
- Founding
- 01/2005
- Data as of
- 12/2021
- 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 12/2021, 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 12/2021, Wabash River Enhancement Corp generated $1.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.1%) each year. All expenses for the organization totaled $1.4m during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ENHANCE THE QUALITY OF LIFE IN THE WABASH RIVER CORRIDOR BY CREATING SUSTAINABLE OPPORTUNITIES TO IMPROVE HEALTH, RECREATION, EDUCATION, ECONOMIC DEVELOPMENT, AND ENVIRONMENTAL MANAGEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2021, WREC CONTINUED TO ADVANCE ITS MISSION TO ENHANCE THE WABASH RIVER CORRIDOR AS FOLLOWS: -WREC CONTINUED ITS PROGRAM TO IMPROVE WABASH RIVER WATER QUALITY THROUGH ITS WABASH RIVER WATERSHED MANAGEMENT PROGRAM FUNDED PRIMARILY THROUGH THE EPA/IDEM 319 NON-POINT SOURCEPOLLUTION WATERSHED MANAGEMENT PROGRAM: -WREC COMPLETE THE FIRST YEAR OF A TWO YEAR EPA/IDEM 319 NPS IMPLEMENTATION GRANT TOTALING 541,000 (GRANT FUNDS - 325K; LOCAL MATCH INCLUDING IN- KIND: 216,667) FOR THE TWO YEAR PERIOD: 2021-2022 -WREC APPLIED FOR AND RECEIVED A 570,000 FOLLOW-UP EPA/IDEM 319 NPS WATERSHED IMPLEMENTATION GRANT COVERING 2023-2025, THAT WILL BEGIN IN 2023. WREC WAS AWARDED SIX GRANTS IN 2020 TO FUND FOUR REGIONAL WABASH RIVER GREENWAY DEVELOPMENT PROJECTS AND CONTINUED TO WORK TOWARDS COMPLETION OF THESE PROJECTS IN 2021: 1. PROJECT: CONDUCT A SITE SURVEY OF THE WILLIAMSPORT FALLS AND TRAIL PROJECT AREA. THE PROJECT IS ONGOING FUNDING SOURCES: WARREN COUNTY COMMUNITY FOUNDATION: 5,000.00 NORTH CENTRAL HEALTH SERVICES: 12,350.00 2. PROJECT: COMPLETE DESIGN AND ENGINEERING FOR THE WABASH RIVER GREENWAY SECTION OF THE COVINGTON CIRCLE TRAIL. FUNDING SOURCES: WESTERN INDIANA COMMUNITY FOUNDATION: 50,000.00 NORTH CENTRAL HEALTH SERVICES: 78,350.00 3. PROJECT: REGIONAL WABASH RIVER GREENWAY CORRIDOR MASTER PLAN DEVELOPMENT FUNDING SOURCES: WABASH HEARTLAND INNOVATION NETWORK: 525,060.00 NORTH CENTRAL HEALTH SERVICES: 774,940.00 4. PROJECT: PROVIDE LOCAL MATCH FOR AN UPCOMING PANHANDLE TRAIL EXTENSION PROJECT IDNR NEXT LEVEL TRAILS GRANT APPLICATION WABASH HEARTLAND INNOVATION NETWORK: 474,940.00 WREC CONTINUED TO PURSUE STRATEGIC LAND ACQUISITION AND MANAGEMENT IN SUPPORT OF THE CORRIDOR MASTER PLANS. -WREC SOLD THE WEST PARCELS (PARCELS LYING WEST OF NORTH RIVER ROAD) OF FOUR NORTH RIVER ROAD PROPERTIES AND RETAINED THE RIVERFRONT PARCELS (THE SECTIONS OF THE PROPERTIES LYING EAST OF NORTH RIVER ROAD AND EXTENDING TO THE RIVER), OF EACH OF THE PROPERTIES. -PURCHASED TWO RIVERFRONT PARCELS ALONG NORTH RIVER ROAD
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stanton Lambert Executive Di | Officer | 40 | $77,385 |
John Dennis Treasurer | OfficerTrustee | $0 | |
Tom Murtaugh Vice Preside | OfficerTrustee | $0 | |
Tony Roswarski President | OfficerTrustee | $0 | |
John Collier Secretary | OfficerTrustee | $0 | |
Claudine Laufman Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $177,042 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,155,491 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,332,533 |
| Total Program Service Revenue | $27,426 |
| Investment income | $132 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $15,035 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,419,428 |
| 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 | $176,633 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $20,901 |
| Payroll taxes | $11,569 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,995 |
| Fees for services: Accounting | $15,616 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $650 |
| Office expenses | $1,234 |
| Information technology | $582 |
| Royalties | $0 |
| Occupancy | $95,612 |
| Travel | $1,311 |
| 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 | $32,296 |
| Insurance | $18,191 |
| All other expenses | $3,113 |
| Total functional expenses | $1,433,670 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $82,932 |
| Savings and temporary cash investments | $381,570 |
| Pledges and grants receivable | $199,897 |
| Accounts receivable, net | $93,208 |
| 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 | $890 |
| Net Land, buildings, and equipment | $7,631,248 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,389,745 |
| Accounts payable and accrued expenses | $289,536 |
| Grants payable | $0 |
| Deferred revenue | $667 |
| 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 | $290,203 |
| Net assets without donor restrictions | $7,718,254 |
| Net assets with donor restrictions | $381,288 |
| 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 | $8,389,745 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Wabash River Enhancement Corp has recieved totaling $209,870.
| Awarding Organization | Amount |
|---|---|
Indiana University Health Arnett Inc Indianapolis, IN PURPOSE: General support | $200,000 |
Roy Whistler Foundation Inc Lafayette, IN PURPOSE: PHASE 2 OF INVASIVE SPECIES CONTROL | $9,870 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Environmental Law & Policy Center Of The Midwest Chicago, IL | $29,555,388 | $9,913,575 |
Whitetails Unlimited Inc Sturgeon Bay, WI | $13,644,275 | $8,358,134 |
Friends Of The Forest Preserves Chicago, IL | $2,339,708 | $3,844,293 |
Cub Consumer Education And Researchfund Chicago, IL | $1,338,722 | $2,229,787 |
Natural Resources Foundation Of Wisconsin Inc Madison, WI | $20,136,945 | $3,445,267 |
Rockford Park District Foundation Rockford, IL | $12,140,092 | $2,792,134 |
Heartlands Conservancy Belleville, IL | $3,430,960 | $703,873 |
The Stenning Byron, IL | $0 | -$92,902 |
Eastern Kentucky Pride Inc Somerset, KY | $815,885 | $1,558,809 |
Rooted Wi Inc Madison, WI | $3,633,286 | $971,353 |
Youth Conservation Corps Waukegan, IL | $673,256 | $1,549,381 |
Wabash River Enhancement Corp Lafayette, IN | $8,389,745 | $1,419,428 |