Puget Sound Restoration Fund

Organization Overview

Puget Sound Restoration Fund is located in Bainbridge Island, WA. The organization was established in 1997. According to its NTEE Classification (C12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Environment and related organizations. As of 12/2021, Puget Sound Restoration Fund employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Puget Sound Restoration Fund 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, Puget Sound Restoration Fund generated $3.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 22.5% each year . All expenses for the organization totaled $1.7m during the year ending 12/2021. While expenses have increased by 6.4% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO RESTORE HABITAT, WATER QUALITY AND NATIVE SPECIES IN THE PUGET SOUND

Describe the Organization's Program Activity:

Part 3 - Line 4a

CONSERVATION HATCHERY - OPERATED A CONSERVATION HATCHERY ESTABLISHED WITH NOAA UNDER THE AUSPICES OF THE WASHINGTON SHELLFISH INITIATIVE. DEDICATED IN 2014, THE KENNETH K CHEW CENTER FOR SHELLFISH RESEARCH AND RESTORATION SERVES AS A HUB FOR PROPAGATING AND RESTORING NATIVE SPECIES AND DEVELOPING STRATEGIES TO MITGATE THE IMPACTS TO MARINE RESOURCES DUE TO OCEAN ACIDIFICATION. THE HATCHERY IS OPERATED BY PUGET SOUND RESTORATION FUND AND HOUSED AT THE NATIONAL OCEANIC AND ATMOSPHERIC ADMINISTRATIONS (NOAA) MANCHESTER RESEARCH STATION IN MANCHESTER, WA. 2021 HATCHERY AND NURSERY OPERATIONS INCLUDED MAINTAINING ALGAE CULTURE, PROPAGATING AND REARING OLYMPIA OYSTERS AND PINTO ABALONE, ADAPTIVELY MANAGING CONSERVATION PROTOCOLS TO ENSURE GENETIC DIVERSITY, AND CONDUCTING RESEARCH ON OCEAN ACIDIFICATION AND OTHER STRESSORS AFFECTING SHELLFISH POPULATIONS.


KEP MONITORING INITIATIVE:BEGAN A THREE-YEAR, COMPREHENSIVE KELP FOREST MONITORING INITIATIVE IN DECEMBER 2021 WITH A GRANT FROM THE PAUL G. ALLEN FAMILY FOUNDATION. THE EYES ON KELP INITIATIVE ESTABLIHES UNDERWATER MONITORING AT 14 INDEX SITES THROUGHOUT THE SOUTHERN SALISH SEA, SPANNING A RANGE OF ENVIRONMENTAL CONDITIONS AND HUMAN USE IMPACTS. PROGRAM COMPONENTS INCLUDE: CONDUCTING UNDERWATER ECOLOGICAL MONITORING WITH SCIENTIFIC DIVERS; DEPLOYING SENSORS AT ALL SITES TO MEASURE ENVIRONMENTAL PARAMETERS; TRAINING RECREATIONAL DIVERS TO CONDUCT SURVEYS USING THE SAME PROTOCOLS AT ADDITIONAL SITES; AND PILOTING NEW TECHNOLOGY AT A DEMONSTRATION SITE TO PROVIDE NEAR-REAL TIME KELP MONITORING CAPABILITIES. THE INITIATIVE IS DESIGNED TO BUILD CRITICAL KNOWLEDGE ABOUT PUGET SOUNDS KELP FORESTS TO SUPPORT CONSERVATION AND RECOVERY EFFORTS.


ABALONE RECOVERY - CONTINUED MANAGING A PINTO ABALONE CONSERVATION BREEDING PROGRAM IN 2021 BY PRODUCING AND REARING GENETICALLY DIVERSE ABALONE IN THE HATCHERY PRIOR TO OUTPLANTING JUVENILE ABALONE AT RESTORATION SITES TO HELP RECOVER SEVERLY DEPRESSED ABALONE POPULATIONS IN WASHINGTON STATE. PINTO ABALONE HELP MAINTAIN HEALTHY SUBTIDAL ROCKY REEF HABITAT AND KELP FOREST ECOSYSTEMS BY GRAZING AND CLEARING ROCK SURFACES FOR SETTLEMENT BY OTHER ORGANISMS. AS OF DECEMBER 2021, 40,000 JUVENILE ABALONE HAVE BEEN INTRODUCED AT RESTORATION SITES IN THE SAN JUAN ARCHIPELAGO (SJA) THROUGH A LONG-TERM PARTNERSHIP WITH WASHINGTON DEPARTMENT OF FISH & WILDLIFE, NOAA, TRIBES, AND UNIVERSITIES. THE GOAL IS TO USE HEALTHY, GENETICALLY DIVERSE HATCHERY REARED JUVENILE ABALONE TO CREATE AGGREGATIONS IN THE WILD THAT DEVEOPE INTO SUSTAINABLY REPRODUCING POPULATIONS. OUTPLANT DATA ANALYZED IN 2018 DOCUMENTED A 97% DECLINE IN THE POPULATION AT INDEX STATIONS 1994-2017.


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Board, Officers & Key Employees

Name (title)Compensation
Elizabeth K Peabody
Executive Director
$143,965
Steve Anderson
Treasurer
$0
Jay Manning
President
$0
Molly Adolfson
Vice President
$0
Billy Plauche
Secretary
$0
Matthew Chow
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$5,901
Related organizations$0
Government grants $925,880
All other contributions, gifts, grants, and similar amounts not included above$2,614,329
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$3,546,110
Total Program Service Revenue$0
Investment income $46,920
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 $29,446
Miscellaneous Revenue$0
Total Revenue $3,622,476

Grants Recieved

Over the last fiscal year, we have identified 17 grants that Puget Sound Restoration Fund has recieved totaling $2,048,309.

Awarding OrganizationAmount
Paul G Allen Family Foundation

Seattle, WA

PURPOSE: TO SUPPORT PUGET SOUND KELP MONITORING: ECOLOGICAL INDEX SITES

$835,329
Paul G Allen Family Foundation

Seattle, WA

PURPOSE: TO SUPPORT PUGET SOUND KELP MONITORING: ECOLOGICAL INDEX SITES

$534,169
Paul G Allen Family Foundation

Seattle, WA

PURPOSE: TO SUPPORT PUGET SOUND KELP MONITORING: ECOLOGICAL INDEX SITES

$309,131
Builders Initiative

Bentonville, AR

PURPOSE: PUGET SOUND OYSTER, SEAWEED AND KELP PROJECTS

$156,788
Pew Charitable Trusts

Washington, DC

PURPOSE: Policy

$55,000
The Seattle Foundation

Seattle, WA

PURPOSE: TO PROVIDE GENERAL SUPPORT

$52,400
View Grant Recipient Profile

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