Headwaters Economics Inc
- Assets
- $2.9m
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 13
- Location
- Bozeman, MT
- Founding
- 10/2006
- Data as of
- 12/2021
- EIN
- 74-3171967
Organization Overview
Headwaters Economics Inc is located in Bozeman, MT. The organization was established in 2006. According to its NTEE Classification (C34) the organization is classified as: Land Resources Conservation, under the broad grouping of Environment and related organizations. As of 12/2021, Headwaters Economics Inc employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Headwaters Economics Inc 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, Headwaters Economics Inc generated $3.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.9% each year . All expenses for the organization totaled $2.4m during the year ending 12/2021. While expenses have increased by 7.5% 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
HEADWATERS ECONOMICS, INC. IS AN INDEPENDENT, NONPROFIT RESEARCH GROUP. OUR MISSION IS TO IMPROVE COMMUNITY DEVELOPMENT AND LAND MANAGEMENT DECISIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SUPPLEMENTAL INFORMATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia Hernandez Executive Dir. | OfficerTrustee | 40 | $147,767 |
Kelly Pohl Sec/treasurer | OfficerTrustee | 40 | $108,504 |
Cathy Costakis Director | Trustee | 0 | $0 |
Bill Stoddart Director | Trustee | 0 | $0 |
Bob Buzzas Director | Trustee | 0 | $0 |
Joe Mccarty Director | Trustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Us Forest Service Assessment Data | 12/30/20 | $103,018 |
Azavea Programming | 12/30/20 | $226,221 |
Us Forest Service Assessment Data | 12/30/20 | $103,018 |
Wildfire Planning Intl Planning Services | 12/30/20 | $465,288 |
Wildfire Planning Intl Planning Services | 12/30/20 | $465,288 |
Azavea Programming | 12/30/20 | $226,221 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $673,622 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,648,070 |
| Noncash contributions included in lines 1a–1f | $376,636 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,321,692 |
| Total Program Service Revenue | $98,437 |
| Investment income | $601 |
| 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 | $3,423,228 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $100,000 |
| 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. | $275,547 |
| Compensation of current officers, directors, key employees. | $27,521 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $764,454 |
| Pension plan accruals and contributions | $20,191 |
| Other employee benefits | $80,063 |
| Payroll taxes | $59,420 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,475 |
| Fees for services: Accounting | $47,980 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $398,376 |
| Advertising and promotion | $0 |
| Office expenses | $13,957 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $40,358 |
| Travel | $8,406 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,702 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,457 |
| Insurance | $0 |
| All other expenses | $20,156 |
| Total functional expenses | $2,381,010 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $142,485 |
| Savings and temporary cash investments | $1,163,513 |
| Pledges and grants receivable | $1,146,340 |
| 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 | $0 |
| Net Land, buildings, and equipment | $417,318 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $200 |
| Total assets | $2,869,856 |
| Accounts payable and accrued expenses | $42,865 |
| Grants payable | $0 |
| Deferred revenue | $22,837 |
| 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 | $53,033 |
| Total liabilities | $118,735 |
| Net assets without donor restrictions | $1,684,522 |
| Net assets with donor restrictions | $1,066,599 |
| 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 | $2,869,856 |
Grants Awarded
Over the last fiscal year, Headwaters Economics Inc has awarded $100,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF WILLISTON ND PURPOSE: To improve flood mitigation. | $50,000 |
DAWSON COUNTY MT PURPOSE: To improve flood mitigation. | $50,000 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Headwaters Economics Inc has recieved totaling $688,100.
| Awarding Organization | Amount |
|---|---|
Wilburforce Foundation Seattle, WA PURPOSE: ENVIRONMENTAL | $220,000 |
M J Murdock Charitable Trust Vancouver, WA PURPOSE: NEW COMMUNICATION AND FINANCE STAFF | $158,000 |
The Seattle Foundation Seattle, WA PURPOSE: TO PROVIDE GENERAL SUPPORT; TO PROVIDE GENERAL OPERATING SUPPORT | $155,000 |
Kendeda Fund Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $100,000 |
M J Murdock Charitable Trust Vancouver, WA PURPOSE: NEW COMMUNICATION AND FINANCE STAFF | $53,500 |
Fanwood Foundation New York, NY PURPOSE: GENERAL PURPOSE | $1,600 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Montana Land Reliance Helena, MT | $13,853,510 | $21,937,428 |
American Prairie Foundation Bozeman, MT | $143,723,396 | $42,861,456 |
Jackson Hole Land Trust Jackson, WY | $34,929,001 | $7,522,371 |
Teton Regional Land Trust Driggs, ID | $10,505,047 | $4,545,192 |
Gallatin Valley Land Trust Bozeman, MT | $9,700,526 | $4,279,011 |
Montana Wilderness Association Inc Helena, MT | $4,352,815 | $2,953,984 |
Prickly Pear Land Trust Helena, MT | $7,481,492 | $3,386,692 |
Headwaters Economics Inc Bozeman, MT | $2,869,856 | $3,423,228 |
Wood River Land Trust Company Hailey, ID | $29,176,745 | $10,841,480 |
Advocates For The West Inc Boise, ID | $2,362,176 | $2,131,294 |
Five Valleys Land Trust Inc Missoula, MT | $7,780,500 | $2,267,001 |
Flathead Land Trust Inc Kalispell, MT | $1,069,180 | $1,601,887 |