Civic Intelligence

Big Thompson Watershed Coalition

990 • Fiscal year 2018 • EIN 81-0753905

Jan 01, 2018 to Dec 31, 2018 • Filed on Apr 24, 2019

PO Box 1923Loveland, CO 80539

(970) 586-3267

Siviq Scores

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

Liabilities / Assets

87th percentile

0.74x

Higher debt load relative to assets than 87% of similar nonprofits.

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

Liabilities / Revenue

45th percentile

0.07x

Higher debt load relative to revenue than 45% of similar nonprofits.

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

Net Margin

45th percentile

1.3%

Higher net margin than 45% of similar nonprofits.

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

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

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

Asset Growth

1st percentile

-77%

Faster asset growth than 1% of similar nonprofits.

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

Revenue Growth

11th percentile

-27%

Faster revenue growth than 11% of similar nonprofits.

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

Assets

Down

$311,126

Down $1,035,571 (-77%) from 2017

Net Assets

Up

$81,378

Up $39,608 (+95%) from 2017

Liabilities

Down

$229,748

Down $1,075,179 (-82%) from 2017

Revenue

Down

$3,071,619

Down $1,162,636 (-27%) from 2017

Expenses

Down

$3,032,011

Down $1,166,612 (-28%) from 2017

Net Income

Up

$39,608

Up $3,976 (+11%) 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 2015: $1Liabilities 2015: $02015Assets 2016: $187,566Liabilities 2016: $181,428Net Assets 2016: $6,1382016Assets 2017: $1,346,697Liabilities 2017: $1,304,927Net Assets 2017: $41,7702017Assets 2018: $311,126Liabilities 2018: $229,748Net Assets 2018: $81,3782018Assets 2019: $449,429Liabilities 2019: $341,704Net Assets 2019: $107,7252019Assets 2020: $164,407Liabilities 2020: $92,835Net Assets 2020: $71,5722020Assets 2021: $391,342Liabilities 2021: $4,046Net Assets 2021: $387,2962021Assets 2022: $566,616Liabilities 2022: $470,018Net Assets 2022: $96,5982022Assets 2023: $677,228Liabilities 2023: $559,917Net Assets 2023: $117,3112023Assets 2024: $842,658Liabilities 2024: $662,821Net Assets 2024: $179,8372024

Highlighted filing

2018

Assets$311,126
Liabilities$229,748
Net Assets$81,378

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2015: $0Expenses 2015: $0Net Income 2015: $02015Revenue 2016: $619,262Expenses 2016: $613,124Net Income 2016: $6,1382016Revenue 2017: $4,234,255Expenses 2017: $4,198,623Net Income 2017: $35,6322017Revenue 2018: $3,071,619Expenses 2018: $3,032,011Net Income 2018: $39,6082018Revenue 2019: $6,015,279Expenses 2019: $5,988,932Net Income 2019: $26,3472019Revenue 2020: $388,660Expenses 2020: $424,813Net Income 2020: -$36,1532020Revenue 2021: $1,149,384Expenses 2021: $833,660Net Income 2021: $315,7242021Revenue 2022: $449,485Expenses 2022: $566,183Net Income 2022: -$116,6982022Revenue 2023: $885,126Expenses 2023: $864,413Net Income 2023: $20,7132023Revenue 2024: $1,088,814Expenses 2024: $1,026,288Net Income 2024: $62,5262024

Highlighted filing

2018

Revenue$3,071,619
Expenses$3,032,011
Net Income$39,608
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Apr 24, 2019
Return Version
2018v3.1
Gross Receipts
$3,072,472
Mission and Program Overview

Mission

The specific purposes and objectives of the corporation shall include but not be limited to restoring and maintaining the resilience, ecological health of the big thompson watershed for the benefit of economic, agricultural, private lands, recreational interests and water resources. The corporation will develop and maintain a master plan (final, may 2015) and its amendments and addendums for the watershed for the development and conservation of the big thompson watershed and its watershed and ecosystems, including the river, forests, lands, plants and wildlife, for the benefit of the entire watershed community.

The big thompson watershed coalition conducts planning, design and implementation of remediation, mitigation and restoration projects in the big thompson watershed. These efforts will result in the coordination of projects with landowners include mitigation and restoration efforts intended to improve river and watershed function and lessen the downstram impact of future floods.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$1,300,758$244,412▼ $1,056,346
Cash and Non-Interest-Bearing Accounts$45,472$66,289▲ $20,817
Prepaid Expenses and Deferred Charges$467$425▼ $42
Total Assets$1,346,697$311,126▼ $1,035,571
Liabilities
Accounts Payable and Accrued Expenses$1,300,248$217,139▼ $1,083,109
Deferred Revenue$334$8,500▲ $8,166
Other Liabilities$4,345$4,109▼ $236
Total Liabilities$1,304,927$229,748▼ $1,075,179
Net Assets / Fund Balance
Unrestricted Net Assets$34,502$59,783▲ $25,281
Temporarily Rstr Net Assets$7,268$21,595▲ $14,327
Total Net Assets Fund Balance$41,770$81,378▲ $39,608
Total Liabilities and Net Assets / Fund Balance$1,346,697$311,126▼ $1,035,571
Compensation and Service Providers

Board Members and Trustees

NameTitle
David JessupPresident
Arnfinn AustefjordDirector
David PiskeDirector
Hal BradenDirector
Jerry GibbonsDirector
Larry RogstadDirector
Richard AlperDirector
Sharlynn WamsleyDirector
Shayle Nelson SaboDirector
Troy JonesDirector
Jane LopexSecretary, T
Dan WaggonerVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$3,070,219
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$1,400
All Other Contributions
$341,275
Change in Net Assets
$39,608

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1$285,696Fair Market Value (FMV)
Total Noncash Contributions1$285,696-

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,071,619
Revenue Not Reported on Form 990
$6,548
Total Revenue per Audited Statements
$3,078,167
Total Revenue per Form 990
$3,071,619
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,892,292
Salaries, Compensation, and Employee Benefits$139,719
Total Fundraising Expense$3,680
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$736,374$23,000-$759,374
Other Salaries and Wages$97,646$28,559$2,981$129,186
Fees for Services Accounting-$14,500-$14,500
Payroll Taxes$7,506$2,177$225$9,908
Office Expenses$7,318$2,230$13$9,561
Occupancy$4,100$1,128-$5,228
Travel$1,346$833$83$2,262
Other Employee Benefits$473$143$9$625
Information Technology$200$66-$266
Insurance$64$22-$86
Other Expenses$2,100,611$10$10$20
Total Functional Expenses$2,955,638$72,693$3,680$3,032,011

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,038,559
Expenses per Audited Statements$3,032,011
Total Expenses per Form 990$3,032,011
Expenses Not Reported on Form 990$6,548
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$2,253
Fundraising Direct Expenses$853
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Related Party$4,109
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
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, Page 6, Part VI, Line 3

Under the fiscal sponsorship agreement, the estes valley land trust provides bookkeeping, payroll, staffing, and other back office support services to the big thompson watershed coalition.

Form 990, Page 6, Part VI, Line 4

The organizations bylaws were amended and restated in 2018.

Form 990, Page 6, Part VI, Line 6

MEMBERS

Form 990, Page 6, Part VI, Line 7A

The estes valley land trust, a related party and single member, elects the big thompson watershed coalition's board of directors

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

The form 990 is reviewed by management and the board of directors prior to filing

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

The conflict of interest policy and annually signed statements are reviewd and enforced by the board of directors.

Form 990, Page 6, Part VI, Line 19

Governing documents are available on the website and upon request.

Filing and Contact Details

Filer

Filer Name
Big Thompson Watershed Coalition
EIN
81-0753905
Phone
9705863267
Address
PO BOX 1923, LOVELAND, CO 80539

Signing Officer

Name
David Jessup
Title
President
Phone
9705863267
Signed
2019-04-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Jessup
Formed
2015
Legal Domicile
Co
Voting Board Members
12
Independent Board Members
12
Employees
0
Volunteers
31

Preparer

Firm
Rlr Llp
Address
1235 RIVERSIDE AVE, FORT COLLINS, CO 80524-3218
Preparer
Joseph M Hoefler
Phone
9706925300
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The specific purposes and objectives of the corporation are but not limited to restoring and maintaining the resilience, ecological health of the big thompson watershed for the benefit of economic, agricultural, private lands, recreational interests and water resources. The corporation will develop and maintain a master plan (final, may 2015) and its amendments and addendums for the watershed for the development and conservation of the big thompson watershed and its watershed and ecosystems, including the river, forests, lands, plants and wildlife, for the benefit of the entire watershed community.

Form 990, Page 2, Part III, Line 2

The big thompson watershed coalition was formed in december 2015 to assume responsibility for hud funded flood disaster recovery and mitigation planning and implementation projects along the big thompson river watershed. The grants for these projects were initially granted to another organization which was unable to proceed with the necessary work. The coalition entered into contracts for the performance of the necessary work shortly after it was formed and after the grants were reassigned to the coalition.

Form 990, Part IX, Line 11G

Other fees 736,374 23,000 0

Form 990, Part X

Form 990, part x, lines 27-29: the organization has adopted the principles of fasb asu no. 2016-14 (asc 958) for its audited financial statements for the period ended december 31, 2018. To date, form 990 and its associated schedules have not been updated to reflect changes made by this standard. Thus, we have included the net asset categories in our audited financial statements on existing form 990, part x, lines 27-29 as follows: net assets without donor restrictions 59,783 net assets with donor restrictions 21,595 total net assets 81,378 unrestriced net assets 59,783 temporarily restricted net assets 21,595 permanently restricted net assets - total net assets 81,378

Financial Statement Notes

Schedule D, Page 3, Part X

The organization has adopted the recognition requirements for uncertainty in income taxes as required by the financial accounting standards board accounting standards codification 740-10. The standard prescribes a comprehensive model for how an organization should recognize, measure, present and disclose in the financial statements uncertainty in income taxes the organization has taken or expects to take on a tax return. The organization's income tax filings are subject to audit by various taxing authorities. No provisions for income taxes have been made in the financial statements, as the organization has qualified as non-profit organization exempt from income taxes under section 501(c)(3) of the internal revenue code, and has not generated any unrelated business income during 2018. The organization believes that it has appropriate support for any income tax positions taken, and as such, does not believe it has any uncertainty in income taxes that are material to the financial statements.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
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IRS990/MissionDesc0THE SPECIFIC PURPOSES AND OBJECTIVES OF THE CORPORATION ARE BUT NOT LIMITED TO RESTORING AND MAINTAINING THE RESILIENCE, ECOLOGICAL HEALTH OF THE BIG THOMPSON WATERSHED FOR THE BENEFIT OF ECONOMIC, AGRICULTURAL, PRIVATE LANDS, RECREATIONAL INTERESTS AND WATER RESOURCES. THE CORPORATION WILL DEVELOP AND MAINTAIN A MASTER PLAN (FINAL, MAY 2015) AND ITS AMENDMENTS AND ADDENDUMS FOR THE WATERSHED FOR THE DEVELOPMENT AND CONSERVATION OF THE BIG THOMPSON WATERSHED AND ITS WATERSHED AND ECOSYSTEMS, INCLUDING THE RIVER, FORESTS, LANDS, PLANTS AND WILDLIFE, FOR THE BENEFIT OF THE ENTIRE WATERSHED COMMUNITY.
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IRS990/ProgSrvcAccomActy2Grp/Desc0IMPLEMENTATION PROJECTS-- RIVER RESTORATION AND FLOOD MITIGATION WORK WITH THE GOALS OF IMPROVING AQUATIC AND RIPARIAN HABITATS, REDUCING GEOMORPHIC RISK AND REDUCING FUTURE FLOOD RISKS BY INCREASING FLOODWAY CAPACITY AND OVERFLOW CHANNEL CONVEYANCE ALONG THE FOLLOWING REACHES OF THE BIG THOMPSON RIVER: (I) WORK WAS COMPLETED ON LOWER JASPER, UPPER JASPER, MOUNTAIN SHADOWS I, MOUNTAIN SHADOWS II AND WALTONIA PROJECTS; AND (II) WORK WAS BEGUN ON RIST-GROSS DITCH PROJECT, REACH 28 PROJECT, REACHES 30 AND 31 PROJECT, RECONSTRUCTION OR HANDICAP ACCESS FISHING PIER PROJECT AND ADAPTIVE MANAGEMENT PROJECT.
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IRS990/ProgSrvcAccomActy3Grp/Desc0COMMUNITY OUTREACH--PUBLIC OUTREACH AND EDUCATION REGARDING THE PLANNING AND IMPLEMENTATION OF FLOOD RESTORATION AND MITIGATION PROJECTS UNDER HUD DISASTER RECOVERY GRANTS
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS ADOPTED THE RECOGNITION REQUIREMENTS FOR UNCERTAINTY IN INCOME TAXES AS REQUIRED BY THE FINANCIAL ACCOUNTING STANDARDS BOARD ACCOUNTING STANDARDS CODIFICATION 740-10. THE STANDARD PRESCRIBES A COMPREHENSIVE MODEL FOR HOW AN ORGANIZATION SHOULD RECOGNIZE, MEASURE, PRESENT AND DISCLOSE IN THE FINANCIAL STATEMENTS UNCERTAINTY IN INCOME TAXES THE ORGANIZATION HAS TAKEN OR EXPECTS TO TAKE ON A TAX RETURN. THE ORGANIZATION'S INCOME TAX FILINGS ARE SUBJECT TO AUDIT BY VARIOUS TAXING AUTHORITIES. NO PROVISIONS FOR INCOME TAXES HAVE BEEN MADE IN THE FINANCIAL STATEMENTS, AS THE ORGANIZATION HAS QUALIFIED AS NON-PROFIT ORGANIZATION EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AND HAS NOT GENERATED ANY UNRELATED BUSINESS INCOME DURING 2018. THE ORGANIZATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY INCOME TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT BELIEVE IT HAS ANY UNCERTAINTY IN INCOME TAXES THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE SPECIFIC PURPOSES AND OBJECTIVES OF THE CORPORATION ARE BUT NOT LIMITED TO RESTORING AND MAINTAINING THE RESILIENCE, ECOLOGICAL HEALTH OF THE BIG THOMPSON WATERSHED FOR THE BENEFIT OF ECONOMIC, AGRICULTURAL, PRIVATE LANDS, RECREATIONAL INTERESTS AND WATER RESOURCES. THE CORPORATION WILL DEVELOP AND MAINTAIN A MASTER PLAN (FINAL, MAY 2015) AND ITS AMENDMENTS AND ADDENDUMS FOR THE WATERSHED FOR THE DEVELOPMENT AND CONSERVATION OF THE BIG THOMPSON WATERSHED AND ITS WATERSHED AND ECOSYSTEMS, INCLUDING THE RIVER, FORESTS, LANDS, PLANTS AND WILDLIFE, FOR THE BENEFIT OF THE ENTIRE WATERSHED COMMUNITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BIG THOMPSON WATERSHED COALITION WAS FORMED IN DECEMBER 2015 TO ASSUME RESPONSIBILITY FOR HUD FUNDED FLOOD DISASTER RECOVERY AND MITIGATION PLANNING AND IMPLEMENTATION PROJECTS ALONG THE BIG THOMPSON RIVER WATERSHED. THE GRANTS FOR THESE PROJECTS WERE INITIALLY GRANTED TO ANOTHER ORGANIZATION WHICH WAS UNABLE TO PROCEED WITH THE NECESSARY WORK. THE COALITION ENTERED INTO CONTRACTS FOR THE PERFORMANCE OF THE NECESSARY WORK SHORTLY AFTER IT WAS FORMED AND AFTER THE GRANTS WERE REASSIGNED TO THE COALITION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2UNDER THE FISCAL SPONSORSHIP AGREEMENT, THE ESTES VALLEY LAND TRUST PROVIDES BOOKKEEPING, PAYROLL, STAFFING, AND OTHER BACK OFFICE SUPPORT SERVICES TO THE BIG THOMPSON WATERSHED COALITION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATIONS BYLAWS WERE AMENDED AND RESTATED IN 2018.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ESTES VALLEY LAND TRUST, A RELATED PARTY AND SINGLE MEMBER, ELECTS THE BIG THOMPSON WATERSHED COALITION'S BOARD OF DIRECTORS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE FORM 990 IS REVIEWED BY MANAGEMENT AND THE BOARD OF DIRECTORS PRIOR TO FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE CONFLICT OF INTEREST POLICY AND ANNUALLY SIGNED STATEMENTS ARE REVIEWD AND ENFORCED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8GOVERNING DOCUMENTS ARE AVAILABLE ON THE WEBSITE AND UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9OTHER FEES 736,374 23,000 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10FORM 990, PART X, LINES 27-29: THE ORGANIZATION HAS ADOPTED THE PRINCIPLES OF FASB ASU NO. 2016-14 (ASC 958) FOR ITS AUDITED FINANCIAL STATEMENTS FOR THE PERIOD ENDED DECEMBER 31, 2018. TO DATE, FORM 990 AND ITS ASSOCIATED SCHEDULES HAVE NOT BEEN UPDATED TO REFLECT CHANGES MADE BY THIS STANDARD. THUS, WE HAVE INCLUDED THE NET ASSET CATEGORIES IN OUR AUDITED FINANCIAL STATEMENTS ON EXISTING FORM 990, PART X, LINES 27-29 AS FOLLOWS: NET ASSETS WITHOUT DONOR RESTRICTIONS 59,783 NET ASSETS WITH DONOR RESTRICTIONS 21,595 TOTAL NET ASSETS 81,378 UNRESTRICED NET ASSETS 59,783 TEMPORARILY RESTRICTED NET ASSETS 21,595 PERMANENTLY RESTRICTED NET ASSETS - TOTAL NET ASSETS 81,378
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10FORM 990, PART X
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