Civic Intelligence

Broad Water Innovations

EIN 46-3255354 • 501(c)3 • Richmond, VA

Profile

Conservation easement holder and long-term steward of wetland, stream, and species mitigation banks.

2108 W Laburnum Ave Suite 115Richmond, VA 23227

broadwaterinnovations.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

43rd percentile

0.01x

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

501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

41st percentile

0.01x

Higher debt load relative to revenue than 41% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

72nd percentile

19%

Higher net margin than 72% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

83rd percentile

31%

Faster asset growth than 83% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

37th percentile

-0.4%

Faster revenue growth than 37% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Up

$436,262

Up $104,020 (+31%) from 2023

Liabilities

Up

$2,703

Up $1,047 (+63%) from 2023

Net Assets

Up

$433,559

Up $102,973 (+31%) from 2023

Revenue

Down

$534,244

Down $2,374 (-0.4%) from 2023

Expenses

Up

$431,271

Up $174,387 (+68%) from 2023

Net Income

Down

$102,973

Down $176,761 (-63%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.0M$500K$0-$500KAssets 2013: $11,764Liabilities 2013: $12,0002013Assets 2014: $10,068Liabilities 2014: $12,000Net Assets 2014: -$1,9322014Assets 2020: $947,918Liabilities 2020: $9,500Net Assets 2020: $938,4182020Assets 2021: $67,979Liabilities 2021: $0Net Assets 2021: $67,9792021Assets 2022: $43,913Liabilities 2022: $0Net Assets 2022: $43,9132022Assets 2023: $332,242Liabilities 2023: $1,656Net Assets 2023: $330,5862023Assets 2024: $436,262Liabilities 2024: $2,703Net Assets 2024: $433,5592024

Highlighted filing

2024

Assets$436,262
Liabilities$2,703
Net Assets$433,559

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500KRevenue 2013: $0Expenses 2013: $236Net Income 2013: -$2362013Expenses 2014: $1,6962014Revenue 2020: $988,785Expenses 2020: $39,661Net Income 2020: $949,1242020Revenue 2021: $132,957Expenses 2021: $179,610Net Income 2021: -$46,6532021Revenue 2022: $152,691Expenses 2022: $170,719Net Income 2022: -$18,0282022Revenue 2023: $536,618Expenses 2023: $256,884Net Income 2023: $279,7342023Revenue 2024: $534,244Expenses 2024: $431,271Net Income 2024: $102,9732024

Highlighted filing

2024

Revenue$534,244
Expenses$431,271
Net Income$102,973

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jul 21, 2025
Return Version
2024v5.0
Gross Receipts
$534,244
Mission and Program Overview

Mission

Conservation easement holder and long term steward of wetland, stream and species mitigation banks

Conservation easement holder and long-term steward of wetland, stream, and species mitigation banks.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$330,586$433,559▲ $102,973
Investments in Publicly Traded Securities$36,603$233,722▲ $197,119
Cash and Non-Interest-Bearing Accounts$295,639$202,540▼ $93,099
Total Assets$332,242$436,262▲ $104,020
Liabilities
Accounts Payable and Accrued Expenses$1,656$2,703▲ $1,047
Total Liabilities$1,656$2,703▲ $1,047
Net Assets / Fund Balance
Total Net Assets Fund Balance$330,586$433,559▲ $102,973
Total Liabilities and Net Assets / Fund Balance$332,242$436,262▲ $104,020
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Thomas ClarksonExecutive DiFT$100,000$100,000

Board Members and Trustees

NameTitle
Kerry HutchersonPresident
Darin StricklandDirector
Tara KellyDirector
Aaron RevereFinancial Co
Kyle HartFinancial Co
James ParkerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$521,993
Investment Income
$12,251
Other Revenue
$0
Change in Net Assets
$102,973
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$266,844
Salaries, Compensation, and Employee Benefits$164,427
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Legal$112,388$12,488-$124,876
Current Officers, Directors, Trustees, and Key Employees$83,000$17,000-$100,000
Fees for Services Other$60,685--$60,685
Other Salaries and Wages$44,083$8,659-$52,742
Fees for Services Accounting-$14,804-$14,804
Payroll Taxes$9,721$1,964-$11,685
Office Expenses-$9,459-$9,459
Insurance$7,350--$7,350
Occupancy$4,400$1,100-$5,500
Travel$3,891--$3,891
Advertising$2,156--$2,156
All Other Expenses-$217-$217
Other Expenses$1,422$170-$170
Total Functional Expenses$342,990$88,281$0$431,271
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Clearwater Mitigation Iii LLCSee Part VEasement FeesNo$42,500
Rescource Environmental SolutionsSee Part VEasement FeesNo$25,000
New Bay LLCSee Part VEasement FeesNo$20,000
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

A copy of the 990 will be made available to the governing body for review prior to filing.

Form 990, Page 6, Part VI, Line 12C

The organization requires officers, directors, and key employees to discloseannually any potential conflicts of interest. If a conflict of interest exists, officers, directors, and key employees are recused from voting on matters related to the conflict of interest.

Form 990, Page 6, Part VI, Line 15A

The board reviewed comparability data when determining the executive director's salary.

Form 990, Page 6, Part VI, Line 19

The organization will make its governing documents available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Broad Water Innovations
EIN
46-3255354
Phone
8046871869
Address
2108 W LABURNUM AVE SUITE 115, RICHMOND, VA 23227

Signing Officer

Name
Thomas Clarkson
Title
Executive Director
Phone
8046871869
Signed
2025-07-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Thomas Clarkson
Formed
2018
Legal Domicile
Va
Voting Board Members
6
Independent Board Members
6
Employees
5

Preparer

Firm
Harris Hardy & Johnstone Pc
Address
300 ARBORETUM PL STE 660, RICHMOND, VA 23236
Preparer
Brian W Minor CPA
Phone
8045600560
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

CONSULTANTS 60,685 0 0

Financial Statement Notes

Schedule D, Page 1, Part II, Line 5

Monitoring and enforcement policies available upon request.

Schedule D, Page 1, Part II, Line 9

Conservation easement fees are and long-term stewardship fees are recorded as program service revenue in the statement of revenues, expenses, and changes in net assets - modified cash basis.

Schedule D, Page 2, Part IV, Line 1B

The account is a mitigation bank endowment in which the organization is the easement holder and long-term steward. The account is managed by the bank and income and principal, when needed, from this account is paid to the organization for management and stewardship in perpetuity.

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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0535568
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0152500
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0131978
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0164285
IRS990ScheduleA/Total509Grp/TotalAmt01506324
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0534244
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0536618
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0152691
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0132120
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0164285
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01519958
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/AdditionsDuringYearAmt01125395
IRS990ScheduleD/AgentTrusteeEtcInd0true
IRS990ScheduleD/BeginningBalanceAmt01534755
IRS990ScheduleD/DistributionsDuringYearAmt0-3278
IRS990ScheduleD/EndingBalanceAmt02656872
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/ProtectionNaturalHabitatInd0X
IRS990ScheduleD/StatesEasementsHeldCnt09
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0MONITORING AND ENFORCEMENT POLICIES AVAILABLE UPON REQUEST.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1CONSERVATION EASEMENT FEES ARE AND LONG-TERM STEWARDSHIP FEES ARE RECORDED AS PROGRAM SERVICE REVENUE IN THE STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN NET ASSETS - MODIFIED CASH BASIS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2THE ACCOUNT IS A MITIGATION BANK ENDOWMENT IN WHICH THE ORGANIZATION IS THE EASEMENT HOLDER AND LONG-TERM STEWARD. THE ACCOUNT IS MANAGED BY THE BANK AND INCOME AND PRINCIPAL, WHEN NEEDED, FROM THIS ACCOUNT IS PAID TO THE ORGANIZATION FOR MANAGEMENT AND STEWARDSHIP IN PERPETUITY.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 1, PART II, LINE 5
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 1, PART II, LINE 9
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE D, PAGE 2, PART IV, LINE 1B
IRS990ScheduleD/TotalAcreageCnt06952.37
IRS990ScheduleD/TotalEasementsCnt054
IRS990ScheduleD/WrittenPolicyMonitoringInd0true
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0CLEARWATER MITIGATION III LLC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm1NEW BAY LLC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm2RESCOURCE ENVIRONMENTAL SOLUTIONS
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0SEE PART V
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1SEE PART V
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt2SEE PART V
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd1false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd2false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt042500
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt120000
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt225000
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0EASEMENT FEES
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1EASEMENT FEES
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc2EASEMENT FEES
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0PART IV, COLUMN (B): CURRENT BOARD MEMBERS ARE EMPLOYED AT THESE COMPANIES.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE L, PART V
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A COPY OF THE 990 WILL BE MADE AVAILABLE TO THE GOVERNING BODY FOR REVIEW PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION REQUIRES OFFICERS, DIRECTORS, AND KEY EMPLOYEES TO DISCLOSEANNUALLY ANY POTENTIAL CONFLICTS OF INTEREST. IF A CONFLICT OF INTEREST EXISTS, OFFICERS, DIRECTORS, AND KEY EMPLOYEES ARE RECUSED FROM VOTING ON MATTERS RELATED TO THE CONFLICT OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD REVIEWED COMPARABILITY DATA WHEN DETERMINING THE EXECUTIVE DIRECTOR'S SALARY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION WILL MAKE ITS GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4CONSULTANTS 60,685 0 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0332242
IRS990/TotalAssetsEOYAmt0436262
IRS990/TotalAssetsGrp/BOYAmt0332242
IRS990/TotalAssetsGrp/EOYAmt0436262
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt088281
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0342990
IRS990/TotalFunctionalExpensesGrp/TotalAmt0431271
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01656
IRS990/TotalLiabilitiesEOYAmt02703
IRS990/TotalLiabilitiesGrp/BOYAmt01656
IRS990/TotalLiabilitiesGrp/EOYAmt02703
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0330586
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0433559
IRS990/TotalProgramServiceExpensesAmt0342990
IRS990/TotalProgramServiceRevenueAmt0521993
IRS990/TotalReportableCompFromOrgAmt0100000
IRS990/TotalRevenueGrp/ExclusionAmt012251
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0521993
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0534244
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0332242
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0436262
IRS990/TravelGrp/ProgramServicesAmt03891
IRS990/TravelGrp/TotalAmt03891
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02108 W LABURNUM AVE SUITE 115
IRS990/USAddress/CityNm0RICHMOND
IRS990/USAddress/StateAbbreviationCd0VA
IRS990/USAddress/ZIPCd023227
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0BROADWATERINNOVATIONS.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0THOMAS CLARKSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum08046871869
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-07-21
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BROAD WATER INNOVATIONS
ReturnHeader/Filer/BusinessNameControlTxt0BROA
ReturnHeader/Filer/EIN0463255354
ReturnHeader/Filer/PhoneNum08046871869
ReturnHeader/Filer/USAddress/AddressLine1Txt02108 W LABURNUM AVE SUITE 115
ReturnHeader/Filer/USAddress/CityNm0RICHMOND
ReturnHeader/Filer/USAddress/StateAbbreviationCd0VA
ReturnHeader/Filer/USAddress/ZIPCd023227
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0541451026
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HARRIS HARDY & JOHNSTONE PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0300 ARBORETUM PL STE 660

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