Civic Intelligence

Carmel River Watershed Conservancy

990 • Fiscal year 2018 • EIN 77-0548869

Jul 01, 2017 to Jun 30, 2018 • Filed on Nov 15, 2018

225 Crossroads BlvdCarmel, CA 93923

(831) 277-0276

Siviq Scores

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

Liabilities / Assets

20th percentile

0.00x

Higher debt load relative to assets than 20% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

37th percentile

0.05x

Higher debt load relative to revenue than 37% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

6th percentile

-48%

Higher net margin than 6% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

38th percentile

$18,900

Higher top officer pay than 38% of similar nonprofits.

Top officer pay equals 35.8% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

36th percentile

-2.2%

Faster asset growth than 36% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

1st percentile

-95%

Faster revenue growth than 1% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Down

$1,033,082

Down $22,967 (-2.2%) from 2017

Net Assets

Down

$1,030,582

Down $25,467 (-2.4%) from 2017

Liabilities

Up

$2,500

Up $2,500 from 2017

Revenue

Down

$52,754

Down $1,036,249 (-95%) from 2017

Expenses

Up

$78,221

Up $28,830 (+58%) from 2017

Net Income

Down

-$25,467

Down $1,065,079 (-102%) from 2017

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2017: $1,056,049Liabilities 2017: $0Net Assets 2017: $1,056,0492017Assets 2018: $1,033,082Liabilities 2018: $2,500Net Assets 2018: $1,030,5822018Assets 2019: $1,027,589Liabilities 2019: $101Net Assets 2019: $1,027,4882019Assets 2020: $1,012,313Liabilities 2020: $270Net Assets 2020: $1,012,0432020Assets 2021: $1,228,851Liabilities 2021: $0Net Assets 2021: $1,228,8512021Assets 2022: $1,008,106Liabilities 2022: $7,082Net Assets 2022: $1,001,0242022Assets 2023: $1,005,368Liabilities 2023: $4,735Net Assets 2023: $1,000,6332023Assets 2024: $804,470Liabilities 2024: $0Net Assets 2024: $804,4702024

Highlighted filing

2018

Assets$1,033,082
Liabilities$2,500
Net Assets$1,030,582

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2017: $1,089,003Expenses 2017: $49,391Net Income 2017: $1,039,6122017Revenue 2018: $52,754Expenses 2018: $78,221Net Income 2018: -$25,4672018Revenue 2019: $85,051Expenses 2019: $88,145Net Income 2019: -$3,0942019Revenue 2020: $61,328Expenses 2020: $76,773Net Income 2020: -$15,4452020Revenue 2021: $79,278Expenses 2021: $46,514Net Income 2021: $32,7642021Revenue 2022: $83,943Expenses 2022: $115,064Net Income 2022: -$31,1212022Revenue 2023: $74,463Expenses 2023: $155,497Net Income 2023: -$81,0342023Revenue 2024: $130,661Expenses 2024: $237,068Net Income 2024: -$106,4072024

Highlighted filing

2018

Revenue$52,754
Expenses$78,221
Net Income-$25,467
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Nov 15, 2018
Return Version
2017v2.2
Gross Receipts
$806,991
Mission and Program Overview

Mission

The conservancy's mission is the protection of natural resources that form the carmel river watershed including threatened species of steelhead and california red-legged frogs. The conservancy balances environmental protection and the diverse needs of the community. This is accomplished by exemplifying integrity, inclusiveness, education, and mutual respect.

The conservancy's mission is the protection of natural resources that form the carmel river watershed including threatened species of steelhead and california red-legged frogs. The conservancy balances environmental protection and the diverse needs of the community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities-$950,357-
Cash and Non-Interest-Bearing Accounts$1,022,034$48,700▼ $973,334
Savings and Temporary Cash Investments$34,015$34,025▲ $10
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$1,056,049$1,033,082▼ $22,967
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses-$2,500-
Total Liabilities$0$2,500▲ $2,500
Net Assets / Fund Balance
Unrestricted Net Assets$1,051,049$1,030,582▼ $20,467
Temporarily Rstr Net Assets$5,000--
Total Net Assets Fund Balance$1,056,049$1,030,582▼ $25,467
Total Liabilities and Net Assets / Fund Balance$1,056,049$1,033,082▼ $22,967

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$1,711$1,711
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Lorin LetendreExecutive DirectorPT$18,900$18,900

Board Members and Trustees

NameTitle
Michael WaxerPresident
Paul BrunoVice President
Catherine StedmanDirector
Jennifer DugganDirector
Andy MagnascoSecretary
Abbie BeaneTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$26,341
Program Service Revenue
$0
Investment Income
$26,413
Other Revenue
$0
All Other Contributions
$26,341
Change in Net Assets
$-25,467
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$64,165
Salaries, Compensation, and Employee Benefits$14,056
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$14,563$18,900-$33,463
Office Expenses$11,581$2,130-$13,711
Other Salaries and Wages$12,772--$12,772
Advertising$3,981--$3,981
Insurance-$3,105-$3,105
Fees for Services Accounting-$3,021-$3,021
Fees for Services Other$1,800--$1,800
Travel$1,412--$1,412
Payroll Taxes$1,284--$1,284
Conferences and Meetings$325--$325
Other Expenses$-5,225$196-$-5,225
Total Functional Expenses$49,236$28,985$0$78,221
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

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
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
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, Part VI, Line 11B: Form 990 Review Process

If the form 990-n is filed, then the executive director prepares the form 990-n and then shares the form 990-n filing with the board of directors. If a full form 990 is filed then the exective director reviews the form 990 and shares it with the board of directors. Once the draft form 990 has been approved by the board of directors, it is then filed.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

Only the executive director is compensated; the board reviews his performance annually and when the next year's budget is approved, reviews the compensation and achievements and votes to approve the next year's compensation. The conservancy subscribes to non-profit compensation reports and uses them to set the executive director's compensation.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Governing documents, policies, and financial statements are available upon request and on the conservancy website.

Filing and Contact Details

Filer

Filer Name
Carmel River Watershed Conservancy
EIN
77-0548869
Phone
8312770276
Address
225 CROSSROADS BLVD, CARMEL, CA 93923

Signing Officer

Name
Lorin Letendre
Title
Executive Director
Signed
2018-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lorin Letendre
Formed
2000
Legal Domicile
CA
Voting Board Members
7
Independent Board Members
7
Employees
5
Volunteers
24

Preparer

Firm
HAYASHI WAYLAND Accounting & Consulting
Address
26515 Carmel Rancho Blvd STE 100, Carmel, CA 93923
Preparer
Carol Kolb CPA
Phone
8316245333
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IRS990/Desc0CRWC Highlights 2017-18 CRWC has spearheaded efforts to arrive at a solution to the problems created by the barrier beach and Carmel River Lagoon while the County works out its severe budgetary issues. CRWC with CSA-1 made significant progress on the engineering design for a project to preserve the Scenic Road bluffs and the Carmel River State Beach parking lot. CRWC staffed, coordinated, and chaired the meetings of the Carmel River Task Force, the only forum where all the governmental and non-profit agencies working in the Carmel River watershed meet to preserve and restore the River to its former health and beauty. With the Task Force, we prioritized all the action plans for restoring the Carmel River and supported grant applications that resulted in five major projects in the watershed. We are leading an initiative to maintain recently-cut fire breaks to prevent the spread of wildfires such as the Soberanes Fire. We are co-hosting the second annual California Wildlife Day celebration, which was established through a legislative resolution sponsored by State Senator Monning and Assemblyperson Mark Stone. CRWC officers advocated actively before key governmental agencies and wrote many letters to the editor and op-ed articles toward securing a reliable and adequate water supply for the Peninsula. CRWC led student tours of the Carmel River watershed with many students participating, most of whom were from low-income families. CRWC led two public watershed tours to introduce residents and visitors to the wonders of the Carmel River watershed and Carmel Valley. CRWC collaborated with the Recruitment in Science Education (RISE) Program at CSUMB to conduct in-class presentations and take the participating students on watershed tours. CRWC installed 22 river and creek interpretive signs at bridge crossings that cautioned river visitors to protect the river habitat and to avoid harming the threatened species in the river. CRWC advocated for and collaborated on the removal of the San Clemente Dam and the return of twenty-five miles of the river to its healthy natural functioning. We led the installation of three drop boxes where people can safely dispose of their pharmaceuticals rather than having them contaminate the Carmel River aquifer. We helped fund the removal of steelhead passage barriers in Cachagua Creek. CRWC is an active proponent of the Park It! Initiative to reduce traffic congestion in the Valley.
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IRS990/MissionDesc0THE CONSERVANCY'S MISSION IS THE PROTECTION OF NATURAL RESOURCES THAT FORM THE CARMEL RIVER WATERSHED INCLUDING THREATENED SPECIES OF STEELHEAD AND CALIFORNIA RED-LEGGED FROGS. THE CONSERVANCY BALANCES ENVIRONMENTAL PROTECTION AND THE DIVERSE NEEDS OF THE COMMUNITY. THIS IS ACCOMPLISHED BY EXEMPLIFYING INTEGRITY, INCLUSIVENESS, EDUCATION, AND MUTUAL RESPECT.
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IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt034015
IRS990/SavingsAndTempCashInvstGrp/EOYAmt034025
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt026341
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt038830
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt048428
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt025266
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt017328
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0156193
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0173
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0101
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0178
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0451
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt027316
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
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IRS990ScheduleA/PublicSupportCY170Pct00.51500
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IRS990ScheduleA/TotalSupportAmt0201382
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IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01711
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0IF THE FORM 990-N IS FILED, THEN THE EXECUTIVE DIRECTOR PREPARES THE FORM 990-N AND THEN SHARES THE FORM 990-N FILING WITH THE BOARD OF DIRECTORS. IF A FULL FORM 990 IS FILED THEN THE EXECTIVE DIRECTOR REVIEWS THE FORM 990 AND SHARES IT WITH THE BOARD OF DIRECTORS. ONCE THE DRAFT FORM 990 HAS BEEN APPROVED BY THE BOARD OF DIRECTORS, IT IS THEN FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ONLY THE EXECUTIVE DIRECTOR IS COMPENSATED; THE BOARD REVIEWS HIS PERFORMANCE ANNUALLY AND WHEN THE NEXT YEAR'S BUDGET IS APPROVED, REVIEWS THE COMPENSATION AND ACHIEVEMENTS AND VOTES TO APPROVE THE NEXT YEAR'S COMPENSATION. THE CONSERVANCY SUBSCRIBES TO NON-PROFIT COMPENSATION REPORTS AND USES THEM TO SET THE EXECUTIVE DIRECTOR'S COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AND ON THE CONSERVANCY WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
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IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
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IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt049236
IRS990/TotalFunctionalExpensesGrp/TotalAmt078221
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt02500
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt02500
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01056049
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01030582
IRS990/TotalProgramServiceExpensesAmt049236
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalRevenueGrp/ExclusionAmt026413
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt052754
IRS990/TotalVolunteersCnt024
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01056049
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01033082
IRS990/TotReportableCompRltdOrgAmt018900
IRS990/TravelGrp/ProgramServicesAmt01412
IRS990/TravelGrp/TotalAmt01412
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01051049
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01030582
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0225 CROSSROADS BLVD STE 225
IRS990/USAddress/CityNm0CARMEL
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd093923
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0https://www.carmelriverwatershed.org/
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0LORIN LETENDRE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Dir.
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CARMEL RIVER WATERSHED CONSERVANCY
ReturnHeader/Filer/BusinessNameControlTxt0CARM
ReturnHeader/Filer/EIN0770548869
ReturnHeader/Filer/PhoneNum08312770276
ReturnHeader/Filer/USAddress/AddressLine1Txt0225 CROSSROADS BLVD
ReturnHeader/Filer/USAddress/CityNm0CARMEL
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd093923
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0201939256
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HAYASHI WAYLAND Accounting & Consulting
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt026515 Carmel Rancho Blvd STE 100
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Carmel
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd093923
ReturnHeader/PreparerPersonGrp/PhoneNum08316245333
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Carol Kolb CPA
ReturnHeader/ReturnTs02018-11-29T16:10:22-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-07-01

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