Northern Waters Land Trust
- Assets
- $1.1m
- Revenue
- $814.8k
- Investments
- $0.0
- Employees
- 4
- Location
- Walker, MN
- Founding
- 06/1998
- Data as of
- 12/2021
- EIN
- 41-1887906
Organization Overview
Northern Waters Land Trust is located in Walker, MN. The organization was established in 1998. According to its NTEE Classification (C32) the organization is classified as: Water Resources, Wetlands Conservation & Management, under the broad grouping of Environment and related organizations. As of 12/2021, Northern Waters Land Trust employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northern Waters Land Trust 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, Northern Waters Land Trust generated $814.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 32.1% each year . All expenses for the organization totaled $747.3k during the year ending 12/2021. While expenses have increased by 23.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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 FUND, PROMOTE, AND ENABLE ACTIVITIES THAT WILL PROTECT THE NATURAL ENVIRONMENT OF THE AREA FOR THE USE AND ENJOYMENT OF CURRENT AND FUTURE GENERATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO FUND, PROMOTE, AND ENABLE ACTIVITIES THAT WILL PROTECT THE NATURAL ENVIRONMENT OF THE AREA FOR THE USE AND ENJOYMENT OF CURRENT AND FUTURE GENERATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Karls Board Chair | OfficerTrustee | 10 | $0 |
Terry Trip Secretary | OfficerTrustee | 10 | $0 |
Pete Fullerton Treasurer | OfficerTrustee | 10 | $0 |
Derek Jensen Director | Trustee | 1 | $0 |
Dan Lee Director | Trustee | 1 | $0 |
Tim Bremicker Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $673,697 |
| All other contributions, gifts, grants, and similar amounts not included above | $41,460 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $715,157 |
| Total Program Service Revenue | $5,760 |
| Investment income | $93,571 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $814,843 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $543,300 |
| 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 | $95,739 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,411 |
| Payroll taxes | $7,124 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,011 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,556 |
| Office expenses | $4,614 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,634 |
| Travel | $0 |
| 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 | $1,423 |
| Insurance | $2,795 |
| All other expenses | $0 |
| Total functional expenses | $747,289 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,760 |
| Savings and temporary cash investments | $52,597 |
| Pledges and grants receivable | $20,371 |
| Accounts receivable, net | $0 |
| 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 | $2,249 |
| Net Land, buildings, and equipment | $43,474 |
| Investments—publicly traded securities | $317,940 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $636,600 |
| Total assets | $1,079,991 |
| Accounts payable and accrued expenses | $11,705 |
| Grants payable | $507,600 |
| Deferred revenue | $0 |
| 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 | $519,305 |
| Net assets without donor restrictions | $494,558 |
| Net assets with donor restrictions | $66,128 |
| 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 | $1,079,991 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Northern Waters Land Trust has recieved totaling $55,200.
| Awarding Organization | Amount |
|---|---|
Initiative Foundation Little Falls, MN PURPOSE: SUPPORT THE MISSION OF THE ORGANIZATION | $40,000 |
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: ENVIRONMENT & ANIMAL PROTECTION | $10,000 |
Noel And Judith Fedje Foundation Fargo, ND PURPOSE: SUPPORT NONPROFIT PURPOSE | $4,000 |
Campbell Foundation Minneapolis, MN PURPOSE: GENERAL SUPPORT | $1,000 |
John E Fetzer Institute Inc Kalamazoo, MI PURPOSE: MATCHING GRANT | $200 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Trout Unlimited Chanhassen, MN | $885,128 | $2,532,595 |
Lakeshore Farm Management Coop Valders, WI | $1,770,762 | $1,460,336 |
International Water Institute Fargo, ND | $1,362,645 | $1,044,274 |
Fox Lake Conservation League Inc Sherburn, MN | $973,588 | $1,363,279 |
Wild Rivers Conservancy Of The St Croix & Namekagon Osceola, WI | $495,125 | $1,215,590 |
Mississippi Park Connection Saint Paul, MN | $3,749,419 | $985,197 |
Clean Lakes Alliance Inc Madison, WI | $705,548 | $888,055 |
Friends Of The Falls Minneapolis, MN | $6,450,506 | $2,666,964 |
Geneva Lake Conservancy Inc Fontana, WI | $3,243,177 | $1,183,074 |
Nahant Marsh Education Center Davenport, IA | $2,990,592 | $1,370,122 |
Northern Waters Land Trust Walker, MN | $1,079,991 | $814,843 |
Red River Basin Commission Fargo, ND | $574,607 | $550,424 |