Civic Intelligence

Ducks Unlimited Inc.

990 • Fiscal year 2023 • EIN 13-5643799

Jul 01, 2022 to Jun 30, 2023 • Filed on May 13, 2024

1 Waterfowl WayMemphis, TN 38120

(901) 758-3825

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

43rd percentile

0.23x

Higher debt load relative to assets than 43% of similar nonprofits.

2023 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2023

Liabilities / Revenue

27th percentile

0.26x

Higher debt load relative to revenue than 27% of similar nonprofits.

2023 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2023

Net Margin

57th percentile

3.6%

Higher net margin than 57% of similar nonprofits.

2023 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2023

Top Officer Pay

41st percentile

$662,899

Higher top officer pay than 41% of similar nonprofits.

Top officer pay equals 0.2% of source-year revenue.

2023 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2023

Asset Growth

67th percentile

8.6%

Faster asset growth than 67% of similar nonprofits.

2023 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2022 to 2023

Revenue Growth

20th percentile

-11%

Faster revenue growth than 20% of similar nonprofits.

2023 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2022 to 2023

Assets

Flat

$342,577,877

Flat from 2023

Net Assets

Flat

$263,763,691

Flat from 2023

Liabilities

Flat

$78,814,186

Flat from 2023

Revenue

Flat

$302,178,704

Flat from 2023

Expenses

Flat

$291,198,785

Flat from 2023

Net Income

Flat

$10,979,919

Flat from 2023

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$600M$400M$200M$0Assets 2010: $87,771,099Liabilities 2010: $38,659,556Net Assets 2010: $49,111,5432010Assets 2011: $91,182,307Liabilities 2011: $30,178,513Net Assets 2011: $61,003,7942011Assets 2012: $95,777,279Liabilities 2012: $42,277,558Net Assets 2012: $53,499,7212012Assets 2013: $115,039,596Liabilities 2013: $27,584,944Net Assets 2013: $87,454,6522013Assets 2014: $130,527,430Liabilities 2014: $29,407,052Net Assets 2014: $101,120,3782014Assets 2015: $150,725,988Liabilities 2015: $30,790,053Net Assets 2015: $119,935,9352015Assets 2016: $175,823,915Liabilities 2016: $38,535,925Net Assets 2016: $137,287,9902016Assets 2017: $198,674,304Liabilities 2017: $33,734,685Net Assets 2017: $164,939,6192017Assets 2018: $212,334,459Liabilities 2018: $40,279,775Net Assets 2018: $172,054,6842018Assets 2019: $228,524,332Liabilities 2019: $46,970,240Net Assets 2019: $181,554,0922019Assets 2020: $220,765,259Liabilities 2020: $68,886,368Net Assets 2020: $151,878,8912020Assets 2021: $236,671,285Liabilities 2021: $66,848,148Net Assets 2021: $169,823,1372021Assets 2022: $315,330,252Liabilities 2022: $74,006,718Net Assets 2022: $241,323,5342022Assets 2023: $342,577,877Liabilities 2023: $78,814,186Net Assets 2023: $263,763,6912023Assets 2023: $342,577,877Liabilities 2023: $78,814,186Net Assets 2023: $263,763,6912023Assets 2024: $459,569,035Liabilities 2024: $81,775,959Net Assets 2024: $377,793,0752024

Highlighted filing

2023

Assets$342,577,877
Liabilities$78,814,186
Net Assets$263,763,691

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600M$400M$200M$0-$200MExpenses 2010: $137,384,4522010Expenses 2011: $147,371,5702011Expenses 2012: $147,375,9772012Revenue 2013: $172,342,451Expenses 2013: $153,845,715Net Income 2013: $18,496,7362013Revenue 2014: $178,406,052Expenses 2014: $172,672,379Net Income 2014: $5,733,6732014Revenue 2015: $209,619,176Expenses 2015: $186,270,439Net Income 2015: $23,348,7372015Revenue 2016: $202,398,122Expenses 2016: $176,615,959Net Income 2016: $25,782,1632016Revenue 2017: $190,924,990Expenses 2017: $173,999,727Net Income 2017: $16,925,2632017Revenue 2018: $192,778,583Expenses 2018: $182,595,609Net Income 2018: $10,182,9742018Revenue 2019: $201,529,617Expenses 2019: $192,199,482Net Income 2019: $9,330,1352019Revenue 2020: $185,369,449Expenses 2020: $209,625,908Net Income 2020: -$24,256,4592020Revenue 2021: $215,328,335Expenses 2021: $220,439,350Net Income 2021: -$5,111,0152021Revenue 2022: $339,454,630Expenses 2022: $256,536,537Net Income 2022: $82,918,0932022Revenue 2023: $302,178,704Expenses 2023: $291,198,785Net Income 2023: $10,979,9192023Revenue 2023: $302,178,704Expenses 2023: $291,198,785Net Income 2023: $10,979,9192023Revenue 2024: $443,553,486Expenses 2024: $318,202,052Net Income 2024: $125,351,4342024

Highlighted filing

2023

Revenue$302,178,704
Expenses$291,198,785
Net Income$10,979,919
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 13, 2024
Return Version
2022v5.0
Gross Receipts
$315,500,880
Mission and Program Overview

Mission

Ducks unlimited, inc. Conserves, restores, and manages wetlands and associated habitats for north america's waterfowl. These habitats also benefit other wildlife and people.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$147,252,714$153,482,968▲ $6,230,254
Accounts Receivable$69,236,778$81,035,087▲ $11,798,309
Savings and Temporary Cash Investments$46,771,005$47,640,768▲ $869,763
Land, Buildings, and Equipment, Net$17,183,194$26,290,632▲ $9,107,438
Investments in Publicly Traded Securities$13,333,412$14,695,751▲ $1,362,339
Inventories for Sale or Use$8,547,605$7,803,956▼ $743,649
Cash and Non-Interest-Bearing Accounts$4,292,085$5,249,285▲ $957,200
Prepaid Expenses and Deferred Charges$3,670,303$5,090,784▲ $1,420,481
Investments Program Related$250,001--
Total Assets$315,330,252$342,577,877▲ $27,247,625
Other Assets Total$4,793,155$1,288,646▼ $3,504,509
Liabilities
Deferred Revenue$33,036,707$34,135,838▲ $1,099,131
Other Liabilities$15,212,078$23,436,128▲ $8,224,050
Accounts Payable and Accrued Expenses$25,009,623$20,493,910▼ $4,515,713
Escrow Account Liability$748,310$748,310→ $0
Total Liabilities$74,006,718$78,814,186▲ $4,807,468
Net Assets / Fund Balance
Net Assets With Donor Restrictions$197,022,534$208,099,768▲ $11,077,234
Net Assets Without Donor Restrictions$44,301,000$55,663,923▲ $11,362,923
Total Net Assets Fund Balance$241,323,534$263,763,691▲ $22,440,157
Total Liabilities and Net Assets / Fund Balance$315,330,252$342,577,877▲ $27,247,625

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,562,094$20,851,493$23,413,587
Leasehold Improvements$2,764,791$12,016,777$14,781,568
Buildings$3,158,458$10,187,148$13,345,606
Other Land Buildings$9,028,236-$9,028,236
Land$8,777,053-$8,777,053

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$61,246,703$2,920,475▲ $6,150,422$3,462,213$66,855,387
2021$71,958,559$-2,940,870▼ $7,395,360$375,626$61,246,703
2020$55,993,163$3,790,072▲ $16,674,363$4,499,039$71,958,559
2019$56,805,629$1,739,696▲ $1,365,502$3,917,664$55,993,163
2018$54,462,885$1,595,094▲ $4,849,307$4,101,657$56,805,629
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Adam PutnamChief Executive OfficerFT$341,104$321,795$662,899
E Nichols WileyChief Operating OfficerFT$285,165$171,660$456,825
Daniel ThielExecutive Secretary, Dui and WatPT$262,617$109,375$371,992
Karen WaldropChief Conservation OfficerFT$228,167$113,568$341,735
David SchuesslerChief Event Fundraising OfficerFT$218,429$121,451$339,880
Richard B SmithChief Development OfficerFT$219,265$118,813$338,078
Darin BlunckChief Financial Officer & Asst. TreasurerFT$286,923$50,969$337,892
Darin BlunckChief Financial Officer & Asst. Trea-$225,233$112,659$337,892
Doug BarnesChief Brand OfficerFT$227,662$105,854$333,516
Zachary HartmanChief Policy OfficerFT$227,747$103,394$331,141
Arnie MatsonChief Information OfficerFT$229,347$100,597$329,944
Adam WebsterNational Director of Event OperationsFT$257,849$50,919$308,768
Adam WebsterNational Director of Event Operation-$208,996$99,772$308,768
David MarroneGeneral Counsel & Asst. SecretaryFT$207,341$100,688$308,029
Cici EbersoleChief Talent OfficerFT$201,341$102,950$304,291
Amy BatsonChief Fundraising OfficerFT$179,483$110,345$289,828

Board Members and Trustees

NameTitle
Doug SchoenrockChairman of the Board
Steve MaritzChairman, Wetlands America Trust, Inc.
Chuck SmithPresident
Bob SpoerlFirst Vice President
Henry KiddRegional Vice President Region 7
Matt DubnikRegional Vice President Region 7
Nick MossRegional Vice President Region 8
Randall ColeRegional Vice President Region 8
Edward MayRegional Vice President, Region 1
Jan YoungRegional Vice President, Region 1
Mark SchlegelRegional Vice President, Region 2
Steve ChristianRegional Vice President, Region 2
Dave SteinbachRegional Vice President, Region 3
Greg MeissnerRegional Vice President, Region 3
Jay OwenRegional Vice President, Region 4
Nick LichensteinRegional Vice President, Region 4
Brian GarrelsRegional Vice President, Region 5
Tab CasperRegional Vice President, Region 5
James E Vachris JrRegional Vice President, Region 6
William J EbertRegional Vice President, Region 6
Christine ThomasSenior Vice President, Conservation Programs
Tom JerniganSenior Vice President, Corporate Relations
Mike BengeSenior Vice President, Development
Jim TalbertSenior Vice President, Event and Volunteer Managem
Scott StamerjohnSenior Vice President, Marketing/communications
Kathy ChristianSenior Vice President, Membership
George H Dunklin JrSenior Vice President, Public Policy
Tom EnosSenior Vice President, Region 1
Clay RogersSenior Vice President, Region 2
Jeff MaletzkeSenior Vice President, Region 3
Ronal RobersonSenior Vice President, Region 4
Tammi KircherSenior Vice President, Region 5
Peter T MacgaffinSenior Vice President, Region 6
Julian T OttleySenior Vice President, Region 7
Richard GodfreySenior Vice President, Region 8
James Gibson JrSenior Vice President, Risk Management
Douglas D FreySenior Vice President, Sustainability
Gary SalmonSenior Vice President, Technology
Ken CarrollSenior Vice President, Youth & Education
Al MontnaAt-large Member of the Board of Directors
Connie ParkerAt-large Member of the Board of Directors
Ellen WehrAt-large Member of the Board of Directors
Jared BrownAt-large Member of the Board of Directors
Jeff HeidelbauerAt-large Member of the Board of Directors
Joe MazonAt-large Member of the Board of Directors
Joe StoughAt-large Member of the Board of Directors
Larry JensenAt-large Member of the Board of Directors
Mamie ParkerAt-large Member of the Board of Directors
Mindy WestAt-large Member of the Board of Directors
Paul BondersonAt-large Member of the Board of Directors
Pepper SnyderAt-large Member of the Board of Directors
Robert J GokeyAt-large Member of the Board of Directors
Robert S Hester JrAt-large Member of the Board of Directors
Rogers Hoyt JrAt-large Member of the Board of Directors
Sam SmolikAt-large Member of the Board of Directors
Teresa KeatingAt-large Member of the Board of Directors
Wendell W WeakleyAt-large Member of the Board of Directors
Kevin HarrisDucks Unlimited Canada
PATRICK O'CONNORDucks Unlimited Canada
ROGER D'ESCHAMBAULTDucks Unlimited Canada
Joe TrujilloDumac
John TomkeDumac
Rex SchulzSecretary
Willam C AnsellTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Gateway Pacific Contractors INCHabitat Restoration8055 FREEPORT BLVD, Sacramento, CA 95832$7,824,870
R N R Construction INCHabitat Restoration8589 THYS CT, Sacramento, CA 95828$4,623,384
Westwind Contracting INCHabitat Restoration3799 W HALLANDALE BEACH BLVD, Pembroke Park, FL 33023$4,584,385
Mccullough ConstructionHabitat Restoration5513 CONNECTICUT AVE NW STE 200, Washington, DC 20015$3,861,039
Granite Rock CompanyHabitat Restoration350 TECHNOLOGY DR, Watsonville, CA 95076$3,226,721
Revenue and Support

Revenue Composition

Contributions and Grants
$268,707,427
Program Service Revenue
$24,426,409
Investment Income
$4,252,906
Other Revenue
$4,791,962
All Other Contributions
$70,241,919
Change in Net Assets
$10,979,919

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
Yes

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded26$647,264Fair Market Value (FMV)
Collectibles1$72,000Fair Market Value (FMV)
Other Non Cash Contri Table3$33,439Fair Market Value (FMV)
Cars and Other Vehicles17$21,815Fair Market Value (FMV)
Total Noncash Contributions47$774,518-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$185,707,771
Salaries, Compensation, and Employee Benefits$87,619,636
Total Fundraising Expense$41,696,008
Grants and Similar Amounts Paid$17,553,378
Professional Fundraising Fees$318,000

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$42,587,656$2,535,109$15,887,963$61,010,728
Foreign Grants$17,553,378--$17,553,378
Other Employee Benefits$6,443,205$502,079$2,297,604$9,242,888
Pension Plan Contributions$5,914,972$480,126$2,324,802$8,719,900
Fees for Services Other$4,810,883$877,367$1,663,262$7,351,512
Travel$2,037,551$474,832$3,153,190$5,665,573
Payroll Taxes$3,497,473$313,042$1,350,446$5,160,961
Information Technology$2,958,486$421,711$1,681,440$5,061,637
Depreciation Depletion$3,759,868$594,818$647,856$5,002,542
Other Expenses$91$10,371$4,130,975$4,131,066
Current Officers, Directors, Trustees, and Key Employees$357,376$2,200,006$868,894$3,426,276
Office Expenses$1,806,011$614,495$590,130$3,010,636
Advertising$579,954$47,646$2,069,891$2,697,491
Occupancy$928,683$144,335$289,296$1,362,314
Insurance$855,259$140,716$355,029$1,351,004
Fees for Services Accounting-$385,922-$385,922
Interest$325,119$235-$325,354
Fees for Services Professional Fundraising--$318,000$318,000
Fees for Services Legal$115,654$14,887$55,045$185,586
Fees for Services Lobbying$179,981--$179,981
All Other Expenses$122,296$4,125$2,040$128,461
Comp Disqual Persons$58,883--$58,883
Total Functional Expenses$12,756,306$0$15,716,239$28,472,545
International Activity

International Summary

Offices
0
Employees
1
Spending
$17,553,378

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
North AmericaGrantmakingConservation01$17,553,378
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$318,000
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Katherine BurkeFamily MemberCompensationNo$58,883
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Compensation and Related Accruals$12,503,987
Lease Liabilities$7,819,621
Deferred Compensation$1,066,629
Accrued Postretirement Benefit$1,051,996
Charitable Gift Annuity Reserve$979,930
Charitable Remainder Trust$13,965
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
Yes
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Kathy and steve christian are husband and wife, and both serve on board of directors.

Form 990, Part VI, Section A, Line 6

The council of state trustees and national delegates are members of ducks unlimited, inc. (dui).

Form 990, Part VI, Section A, Line 7A

Ducks unlimited, inc. (dui) has a board of directors and officers that are elected by a body of members of dui. The officers of dui, other than the chief executive officer and executive secretary, shall be elected from the members of dui. Only those individuals that are current members of dui shall be eligible to serve as an officer. The affairs of dui are managed by its board of directors.

Form 990, Part VI, Section B, Line 11B

A copy of the 990 is distributed to a committee of the board, the personnel policy committee. Once approved by the personnel policy committee, the 990 is distributed to the full board for approval. The full board will approve by a simple majority before the 990 is filed.

Form 990, Part VI, Section B, Line 12C

Employee compliance with the conflict of interest policy is regularly and consistently monitored via an annual conflict of interest survey. All employees are required to disclose potential conflicts to an independent party (director financial reporting and audit). If a conflict is noted during this process, it is resolved through discussions with upper management, human resources, the employee, his/her direct supervisor and the director of financial reporting and audit. Board members and committee members are required to present annually any possible conflicts of interest to the board of governance committee for resolution per the conflicts of interest policy.

Form 990, Part VI, Section B, Line 15

Ducks unlimited uses an independent consultant to establish and benchmark compensation for employees of the organization. The personnel policy committee makes recommendations to the board of directors regarding salary and benefits.

Form 990, Part VI, Section C, Line 19

Ducks unlimited makes its consolidated financial statements, governing documents, and conflict of interest policy available to the public on its website (ducks.org).

Filing and Contact Details

Filer

Filer Name
Ducks Unlimited Inc
EIN
13-5643799
Phone
9017583825
Address
1 WATERFOWL WAY, MEMPHIS, TN 38120

Signing Officer

Name
Darin Blunck
Title
Chief Financial Officer
Phone
9017583825
Signed
2024-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Darin Blunck
Formed
1937
Legal Domicile
Dc
Voting Board Members
65
Independent Board Members
64
Employees
772
Volunteers
30,000

Preparer

Firm
Kpmg Llp
Address
500 W 5TH STREET SUITE 800, WINSTONSALEM, NC 27101
Preparer
Whitney B Hebron
Phone
3362753394
Supplemental Narrative

Additional Explanations

Part IV, Line 14A

Dui has an employee residing in canada that is assisting with the organization's it conversion.

FORM 990, PART XI, LINE 9:

Other pension and post-retirement benefit liability adjustments 7,761,222.

Financial Statement Notes

PART III, LINE 4:

Works of art and other similar assets are held on display at ducks unlimited offices for the education of members, volunteers, and the general public of the critical need for wetlands and associated uplands habitat restoration.

PART IV, LINE 2B:

Ducks unlimited, inc. Has two arrangements in which the organization holds and manages endowment funds for the benefit of the u.s. Fish and wildlife service (usfws). In the first arrangement, du invests and manages the money for the purpose of generating income and providing periodic payments of earnings directly to usfws for land management on habitat lands, specifically land at the modoc national wildlife refuge. At 6/30/2023, a liability of $130,419 was on du's books for this obligation. In the second arrangement, du and the usfws have a cooperative agreement in which an endowment has been established for the perpetual management of land in the south bay refuge in california. Du is required to maintain the funds in an interest-bearing account and to disburse them for approved activities. At 6/30/2023, a liability of $618,011 was on du's books for this obligation.

PART V, LINE 4:

The current fund balances support program work in monitoring easements, land acquisitions, wetlands restoration and research. Ducks unlimited, inc. Will work with prospective donors on the terms and conditions of other endowment funds, including named funds, provided they support appropriate conservation, public policy, or research activities.

PART X, LINE 2:

Ducks unlimited, inc. (dui) and wetlands america trust, inc. (wat) are recognized as organizations exempt from federal income tax under 501(a) as entities described in section 501(c)(3) of the u.s. Internal revenue code, except for taxes on income from activities unrelated to its exempt purposes. The organization does not have any material unrecognized tax positions that should be recognized in the financial statements for 2023 or 2022.

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$460$81.8$378$444$318$125
2023Detailed filing. Detailed filing data is available for this year.$343$78.8$264$302$291$11.0
2023Summary only. Only limited summary data is available for this year.$343$78.8$264$302$291$11.0
2022Summary only. Only limited summary data is available for this year.$315$74.0$241$339$257$82.9
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$237$66.8$170$215$220$5.11
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$221$68.9$152$185$210$24.3
2019Summary only. Only limited summary data is available for this year.$229$47.0$182$202$192$9.33
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$212$40.3$172$193$183$10.2
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$199$33.7$165$191$174$16.9
2016Detailed filing. Detailed filing data is available for this year.$176$38.5$137$202$177$25.8
2015Summary only. Only limited summary data is available for this year.$151$30.8$120$210$186$23.3
2014Detailed filing. Detailed filing data is available for this year.$131$29.4$101$178$173$5.73
2013Summary only. Only limited summary data is available for this year.$115$27.6$87.5$172$154$18.5
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$95.8$42.3$53.5$147
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$91.2$30.2$61.0$147
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$87.8$38.7$49.1$137