Wetlands Preservation Foundation
- Assets
- $12.0m
- Revenue
- $464.1k
- Investments
- $283.5k
- Employees
- 0
- Location
- Stockton, CA
- Founding
- 06/2017
- Data as of
- 12/2021
- EIN
- 81-3536718
Organization Overview
Wetlands Preservation Foundation is located in Stockton, CA. The organization was established in 2017. According to its NTEE Classification (T23) the organization is classified as: Private Operating Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wetlands Preservation Foundation 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, Wetlands Preservation Foundation generated $464.1k in total revenue. All expenses for the organization totaled $1.4m during the year ending 12/2021. While expenses have increased by 8.6% per year over the past 5 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROVIDES SUSTAINABLE RESTORATION OF WETLAND HABITATS AND WILDLIFE-FRIENDLY AGRICULTURAL PRACTICES IN THE SAN JOAQUIN DELTA FOR THE BENEFIT OF LOCAL MIGRATORY WILDLIFE SPECIES.THE FOUNDATION PAYS ALL OF THE MAINTENANCE/DEVELOPMENT EXPENSE ARISING FROM YEAR-ROUND OPERATION OF 750 ACRES OF WETLANDS DIVIDED INTO 27 INDIVIDUAL MARSHES;17 NESTING AREAS; 15 AGRICULTURAL FEEDING GROUNDS; 54 NESTING BOXES; 6 MILES OF IRRIGATION PIPELINES; 27 WATER INLETS; 4 IRRIGATION DIVERSION STRUCTURES; 27 DRAINAGE STRUCTURES; 4 DRAINAGE PUMPS; 2 IRRIGATION PUMPS; AND 1,400 TREES. EXPENSES FOR 2021 TOTAL $1,090,402. EXPENSES ARE AS FOLLOWS: SALARIES AND WAGES $313,658PROPERTY TAXES 59,764EQUIPMENT REPAIRS AND MAINTENANCE 207,835EDUCATION 38,867RECLAMATION DISTRICT FEES 38,273REPAIRS & MAINTENANCE 93,929SEEDS & HABITAT 145,992SHOP SUPPLIES 50,149UTILITIES - PUMPING AND POWER 129,629WORKERS COMPENSATION INSURANCE 12,306 --------- $1,090,402 =========
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donald Lenz Secretary | 1 | $0 | |
Brady Whitlow Director | 1 | $0 | |
Dean A Cortopassi Chairman/pres. | 1 | $0 | |
Gino Cortopassi Director | 1 | $0 | |
Trevor Carlson Director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Downey Brand Llp | 12/30/20 | $56,008 |
Keker Van Nest & Peters Llp | 12/30/20 | $1,648,876 |
Downey Brand Llp | 12/30/20 | $56,008 |
Keker Van Nest & Peters Llp | 12/30/20 | $1,648,876 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3,682 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $460,463 |
| Total Revenue | $464,145 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $494,233 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $59,764 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $740,617 |
| Total operating and administrative expenses | $1,401,219 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $1,401,219 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $261,727 |
| Savings and temporary cash investments | $741,912 |
| Net Accounts receivable | $399,675 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $10,271,073 |
| Total assets | $11,957,887 |
| Accounts payable and accrued expenses | $12,380 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $12,380 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Wetlands Preservation Foundation has recieved totaling $666,370.
| Awarding Organization | Amount |
|---|---|
Cortopassi Family Foundation Stockton, CA PURPOSE: PROPERTY CONTRIBUTION | $666,370 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Singleton Foundation For Financial Literacy And Entrepreneurship Burbank, CA | $5,023,733 | $12,067,602 |
Draper Richards Kaplan Foundation Menlo Park, CA | $54,158,347 | $29,356,238 |
Oprah Winfrey Leadership Academy Foundation Los Angeles, CA | $17,969,443 | $12,010,898 |
Wadhwani Operating Foundation Los Altos, CA | $0 | $65,339,394 |
Henry T Nicholas Education Foundation Inc Santa Ana, CA | $712,720 | $5,509,546 |
Chinese Character A Day Foundation Huntington Beach, CA | $0 | $31,765 |
Janie And Donald Friend Foundation San Francisco, CA | $0 | $1,186,592 |
Tomkat Ranch Educational Foundation Pescadero, CA | $1,784,473 | $4,660,042 |
Pacific Research Institute For Public Policy Pasadena, CA | $22,104,229 | $7,799,578 |
Ionetix Ppe Foundation San Francisco, CA | $0 | $4,350,988 |
Na Aina Kai Botanical Gardens Kilauea, HI | $76,195,065 | $4,390,722 |
Easton Sports Development Foundation Van Nuys, CA | $11,576,483 | $3,446,410 |