Civic Intelligence

Windward Fund

990 • Fiscal year 2015 • EIN 47-3522162

Feb 25, 2015 to Dec 31, 2015 • Filed on Nov 09, 2016

1201 Connecticut Avenue NW No 300Washington, DC 20036

(202) 795-3074

Siviq Scores

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

Liabilities / Assets

38th percentile

0.04x

Higher debt load relative to assets than 38% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

34th percentile

0.04x

Higher debt load relative to revenue than 34% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

99th percentile

96%

Higher net margin than 99% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2015

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2015

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2015

Assets

$1,297,000

No earlier filing loaded for comparison.

Net Assets

$1,238,707

No earlier filing loaded for comparison.

Liabilities

$58,293

No earlier filing loaded for comparison.

Revenue

$1,297,000

No earlier filing loaded for comparison.

Expenses

$58,293

No earlier filing loaded for comparison.

Net Income

$1,238,707

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$600M$400M$200M$0Assets 2015: $1,297,000Liabilities 2015: $58,293Net Assets 2015: $1,238,7072015Assets 2016: $11,943,689Liabilities 2016: $2,345,744Net Assets 2016: $9,597,9452016Assets 2017: $12,855,166Liabilities 2017: $1,625,009Net Assets 2017: $11,230,1572017Assets 2018: $18,675,227Liabilities 2018: $1,785,731Net Assets 2018: $16,889,4962018Assets 2019: $43,649,953Liabilities 2019: $3,200,574Net Assets 2019: $40,449,3792019Assets 2020: $136,151,371Liabilities 2020: $10,069,563Net Assets 2020: $126,081,8082020Assets 2021: $328,195,647Liabilities 2021: $35,799,803Net Assets 2021: $292,395,8442021Assets 2022: $337,278,177Liabilities 2022: $65,009,931Net Assets 2022: $272,268,2462022Assets 2023: $355,450,224Liabilities 2023: $92,862,420Net Assets 2023: $262,587,8042023Assets 2024: $432,729,235Liabilities 2024: $112,578,921Net Assets 2024: $320,150,3142024

Highlighted filing

2015

Assets$1,297,000
Liabilities$58,293
Net Assets$1,238,707

Operations Trend

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

$400M$300M$200M$100M$0-$100MRevenue 2015: $1,297,000Expenses 2015: $58,293Net Income 2015: $1,238,7072015Revenue 2016: $15,812,062Expenses 2016: $7,452,824Net Income 2016: $8,359,2382016Revenue 2017: $12,656,323Expenses 2017: $11,024,111Net Income 2017: $1,632,2122017Revenue 2018: $19,238,519Expenses 2018: $13,579,180Net Income 2018: $5,659,3392018Revenue 2019: $44,404,708Expenses 2019: $20,844,825Net Income 2019: $23,559,8832019Revenue 2020: $158,611,799Expenses 2020: $70,257,223Net Income 2020: $88,354,5762020Revenue 2021: $274,341,513Expenses 2021: $107,774,502Net Income 2021: $166,567,0112021Revenue 2022: $198,128,051Expenses 2022: $203,032,217Net Income 2022: -$4,904,1662022Revenue 2023: $212,371,954Expenses 2023: $211,847,409Net Income 2023: $524,5452023Revenue 2024: $308,245,754Expenses 2024: $251,319,552Net Income 2024: $56,926,2022024

Highlighted filing

2015

Revenue$1,297,000
Expenses$58,293
Net Income$1,238,707
Jump To
Filing Snapshot
Filing Period
Feb 25, 2015 to Dec 31, 2015
Signed
Nov 9, 2016
Return Version
2015v2.1
Gross Receipts
$1,297,000
Mission and Program Overview

Mission

The windward fund advances public awareness about conservation, climate and environmental issues, sustainable food systems, and the protection of land, wildlife, and other natural resources. As a 501(c)(3) public charity, windward hosts public awareness campaigns and grant-making projects that address conservation from a range of angles. Windward also provides a platform for donors to convene and collaborate on these issues, leveraging the work of other conservation projects housed at the fund to strengthen their efforts and advance the field. The fund is managed by specialists experienced in conservation and environmental issues who provide strategic support, guidance on best practices, and operational and administrative expertise to hosted projects.

The windward fund advances public awareness about conservation, climateand environmental issues, sustainable food systems, and the protection of land, wildlife, and other natural resources. As a 501(c)(3) public charity, windward hosts public awareness campaigns and grant-making projects that address conservation from a range of angles. Windward also provides a platform for donors to convene and collaborate on these issues, leveraging the work of other conservation projects housed at the fund to strengthen their efforts and advance the field. The fund is managed by specialists experienced in conservation and environmental issues who provide strategic support, guidance on best practices, and operational and administrative expertise to hosted projects.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts-$750,000-
Pledges and Grants Receivable-$450,000-
Total Assets$0$1,297,000▲ $1,297,000
Other Assets Total$0$97,000▲ $97,000
Liabilities
Other Liabilities$0$58,293▲ $58,293
Total Liabilities$0$58,293▲ $58,293
Net Assets / Fund Balance
Temporarily Rstr Net Assets-$1,236,590-
Unrestricted Net Assets-$2,117-
Total Net Assets Fund Balance$0$1,238,707▲ $1,238,707
Total Liabilities and Net Assets / Fund Balance$0$1,297,000▲ $1,297,000

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$97,000--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Eric KesslerChair & President
Harry DruckerSecretary
Adam EichbergTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,297,000
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$1,297,000
Change in Net Assets
$1,238,707

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,297,000
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,297,000
Total Revenue per Form 990
$1,297,000
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$58,293
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management-$58,293-$58,293
Total Functional Expenses$0$58,293$0$58,293

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$58,293
Total Expenses per Audited Statements$58,293
Total Expenses per Form 990$58,293
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Yes
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-See Part VSee Part VNo$58,293
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Related Party$58,293
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
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
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

Windward fund has an administrative services agreement with arabella advisors, llc. During the year, windward fund paid to arabells advisors $58,293 for management, administrative personnel, and reimbursable expenses.

Form 990, Part VI, Section A, Line 8A

Windward did not have board meetings in 2015.

Form 990, Part VI, Section A, Line 8B

Windward did not have board meetings in 2015.

Form 990, Part VI, Section B, Line 11

The board of directors of windward fund and the fund's legal counsel reviewed the 990 before it was filed with the irs.

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

All board members are required to disclose conflicts of interest. The policy is monitored at the board level. Covered individuals cannot vote on matters before the board when they have a conflict in the matter. Disinterested members must determine whether or not there are any suitable alternatives to potential transactions that cause conflict. If a covered person is found in violation of this policy it may be cause for removal from the board of directors.

Form 990, Part VI, Section B, Line 15

None of the named positions existed or received compensation during the year.

Form 990, Part VI, Section C, Line 19

The fund does not make its governing documents, conflict of interest policy and financial statements available to the public.

Filing and Contact Details

Filer

Filer Name
Windward Fund
EIN
47-3522162
Phone
2027953074
Address
1201 CONNECTICUT AVENUE NW NO 300, WASHINGTON, DC 20036

Signing Officer

Name
Lee Bodner
Title
Board Chair
Phone
2027953074
Signed
2016-11-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lee Bodner
Formed
2015
Legal Domicile
Dc
Voting Board Members
3
Independent Board Members
2
Employees
0
Volunteers
2

Preparer

Firm
Rsm US Llp
Address
1861 INTERNATIONAL DRIVE SUITE 400, MCLEAN, VA 22102
Preparer
Yong Zhang
Phone
7033366400
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

2015 is the first year of operations. The board commenced its oversight of the audit and selection of an independent auditor in accordance with the windward fund's governance documents.

Financial Statement Notes

PART X, LINE 2:

The fund is generally exempt from federal income taxes under the provisions of section 501(c)(3) of the internal revenue code (the code). In addition, the fund qualifies for charitable contributions deductions and has been classified as an organization that is not a private foundation. Income which is not related to exempt purposes, less applicable deductions, is subject to federal and state income taxes. There was no tax liability for unrelated business income for the period from february 25, 2015 (inception), to december 31, 2015. Accordingly, no provision for income taxes has been made in the accompanying financial statements. The fund's tax returns are subject to review and examination by federal and state authorities. The fund is not aware of any activities that would jeopardize its tax-exempt status. Because the fund was formed during 2015, that year is the only tax year open for examination by u.s. Federal, state, or local tax authorities.

Raw XML Appendix306 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FUND IS GENERALLY EXEMPT FROM FEDERAL INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE CODE). IN ADDITION, THE FUND QUALIFIES FOR CHARITABLE CONTRIBUTIONS DEDUCTIONS AND HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION. INCOME WHICH IS NOT RELATED TO EXEMPT PURPOSES, LESS APPLICABLE DEDUCTIONS, IS SUBJECT TO FEDERAL AND STATE INCOME TAXES. THERE WAS NO TAX LIABILITY FOR UNRELATED BUSINESS INCOME FOR THE PERIOD FROM FEBRUARY 25, 2015 (INCEPTION), TO DECEMBER 31, 2015. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE FUND'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. THE FUND IS NOT AWARE OF ANY ACTIVITIES THAT WOULD JEOPARDIZE ITS TAX-EXEMPT STATUS. BECAUSE THE FUND WAS FORMED DURING 2015, THAT YEAR IS THE ONLY TAX YEAR OPEN FOR EXAMINATION BY U.S. FEDERAL, STATE, OR LOCAL TAX AUTHORITIES.
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt058293
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0SEE PART V
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0(A) NAME OF PERSON: ARABELLA ADVISORS, LLC(B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION:ENTITY MORE THAN 35% OWNED BY ERIC KESSLER, PRESIDENT(C) AMOUNT OF TRANSACTION: $58,293(D) DESCRIPTION OF TRANSACTION: SPECIFICALLY, ARABELLA ADVISORS PROVIDED1) STAFF FOR WINDWARD PROJECTS; 2) OPERATIONAL SUPPORT IN MANAGING THEORGANIZATION AND 3) SUPPLEMENTAL CONSULTING SUPPORT FOR SOME WINDWARD PROJECTS.(E) SHARING OF ORGANIZATION REVENUES? = NO
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0SCH L, PART IV, BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS:
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0WINDWARD FUND HAS AN ADMINISTRATIVE SERVICES AGREEMENT WITH ARABELLA ADVISORS, LLC. DURING THE YEAR, WINDWARD FUND PAID TO ARABELLS ADVISORS $58,293 FOR MANAGEMENT, ADMINISTRATIVE PERSONNEL, AND REIMBURSABLE EXPENSES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1WINDWARD DID NOT HAVE BOARD MEETINGS IN 2015.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2WINDWARD DID NOT HAVE BOARD MEETINGS IN 2015.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF DIRECTORS OF WINDWARD FUND AND THE FUND'S LEGAL COUNSEL REVIEWED THE 990 BEFORE IT WAS FILED WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ALL BOARD MEMBERS ARE REQUIRED TO DISCLOSE CONFLICTS OF INTEREST. THE POLICY IS MONITORED AT THE BOARD LEVEL. COVERED INDIVIDUALS CANNOT VOTE ON MATTERS BEFORE THE BOARD WHEN THEY HAVE A CONFLICT IN THE MATTER. DISINTERESTED MEMBERS MUST DETERMINE WHETHER OR NOT THERE ARE ANY SUITABLE ALTERNATIVES TO POTENTIAL TRANSACTIONS THAT CAUSE CONFLICT. IF A COVERED PERSON IS FOUND IN VIOLATION OF THIS POLICY IT MAY BE CAUSE FOR REMOVAL FROM THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5NONE OF THE NAMED POSITIONS EXISTED OR RECEIVED COMPENSATION DURING THE YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE FUND DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt72015 IS THE FIRST YEAR OF OPERATIONS. THE BOARD COMMENCED ITS OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT AUDITOR IN ACCORDANCE WITH THE WINDWARD FUND'S GOVERNANCE DOCUMENTS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 8A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XII, LINE 2C
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0DC
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt01236590
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsEOYAmt01297000
IRS990/TotalAssetsGrp/BOYAmt00
IRS990/TotalAssetsGrp/EOYAmt01297000
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01297000
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt058293
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt058293
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt058293
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt058293
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01238707
IRS990/TotalOtherCompensationAmt00
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01297000
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt02
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01297000
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/EOYAmt02117
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01201 CONNECTICUT AVENUE NW NO 300
IRS990/USAddress/CityNm0WASHINGTON
IRS990/USAddress/StateAbbreviationCd0DC
IRS990/USAddress/ZIPCd020036
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt02
IRS990/WebsiteAddressTxt0WWW.WINDWARDFUND.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0LEE BODNER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0BOARD CHAIR
ReturnHeader/BusinessOfficerGrp/PhoneNum02027953074
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-11-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WINDWARD FUND
ReturnHeader/Filer/BusinessNameControlTxt0WIND
ReturnHeader/Filer/EIN0473522162
ReturnHeader/Filer/PhoneNum02027953074
ReturnHeader/Filer/USAddress/AddressLine1Txt01201 CONNECTICUT AVENUE NW NO 300
ReturnHeader/Filer/USAddress/CityNm0WASHINGTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0DC
ReturnHeader/Filer/USAddress/ZIPCd020036
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0420714325
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0RSM US LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01861 INTERNATIONAL DRIVE SUITE 400
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MCLEAN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0VA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd022102
ReturnHeader/PreparerPersonGrp/PhoneNum07033366400
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0YONG ZHANG
ReturnHeader/ReturnTs02016-11-09T15:25:01-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-02-25
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

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