Civic Intelligence

Sweetwater Action Fund

EIN 84-3726802 • 501(c)4 • Fulton, MD

Profile

The organization's principal activity will be the promotion of social welfare through the provision of strategic and financial support to other organizations that support the organization's mission and are exempt under sections 501(c)(3) or 501(c)(4).

8171 Maple Lawn Blvd 375Fulton, MD 20759

n/A

Siviq Scores

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

Liabilities / Assets

14th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)4 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

13th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)4 • $25M-$50M nonprofits • Source year 2024

Net Margin

18th percentile

-6.1%

Higher net margin than 18% of similar nonprofits.

501(c)4 • $25M-$50M 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

8th percentile

-20%

Faster asset growth than 8% of similar nonprofits.

501(c)4 • $25M-$50M nonprofits • Annualized from 2022 to 2024

Revenue Growth

98th percentile

920%

Faster revenue growth than 98% of similar nonprofits.

501(c)4 • $25M-$50M nonprofits • Annualized from 2022 to 2024

Assets

Down

$22,323,464

Down $13,539,702 (-38%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Down

$22,323,464

Down $13,539,702 (-38%) from 2023

Revenue

Up

$17,954,077

Up $17,469,952 (+3609%) from 2023

Expenses

Up

$19,040,572

Up $19,014,803 (+73789%) from 2023

Net Income

Down

-$1,086,495

Down $1,544,851 (-337%) from 2023

Trend Graphs

Balance Sheet Trend

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

$60M$40M$20M$0Assets 2020: $33,282,532Liabilities 2020: $0Net Assets 2020: $33,282,5322020Assets 2021: $47,290,646Liabilities 2021: $0Net Assets 2021: $47,290,6462021Assets 2022: $35,185,661Liabilities 2022: $0Net Assets 2022: $35,185,6612022Assets 2023: $35,863,166Liabilities 2023: $0Net Assets 2023: $35,863,1662023Assets 2024: $22,323,464Liabilities 2024: $0Net Assets 2024: $22,323,4642024

Highlighted filing

2024

Assets$22,323,464
Liabilities$0
Net Assets$22,323,464

Operations Trend

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

$40M$30M$20M$10M$0-$10MRevenue 2020: $31,519,412Expenses 2020: $25,381Net Income 2020: $31,494,0312020Revenue 2021: $184,651Expenses 2021: $19,734Net Income 2021: $164,9172021Revenue 2022: $172,632Expenses 2022: $16,742Net Income 2022: $155,8902022Revenue 2023: $484,125Expenses 2023: $25,769Net Income 2023: $458,3562023Revenue 2024: $17,954,077Expenses 2024: $19,040,572Net Income 2024: -$1,086,4952024

Highlighted filing

2024

Revenue$17,954,077
Expenses$19,040,572
Net Income-$1,086,495

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 14, 2025
Return Version
2024v5.1
Gross Receipts
$37,831,790
Mission and Program Overview

Mission

The organizations principal activity will be the promotion of social welfare through the provision of strategic and financial support to other organizations that support the organization's mission and are exempt under sections 501(c)(3) or 501(c)(4).

Promotion of social welfare to other 501(c) (3) and (c) (4) organizations.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$35,863,166$22,323,464▼ $13,539,702
Investments Other Securities$31,929,979$19,425,420▼ $12,504,559
Investments in Publicly Traded Securities$3,922,932$2,892,688▼ $1,030,244
Cash and Non-Interest-Bearing Accounts$3,739$4,895▲ $1,156
Accounts Receivable$6,516$461▼ $6,055
Total Assets$35,863,166$22,323,464▼ $13,539,702
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$35,863,166$22,323,464▼ $13,539,702
Total Liabilities and Net Assets / Fund Balance$35,863,166$22,323,464▼ $13,539,702

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$19,425,420--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Roberta BainumPresident and Director
Alexander FroomDirector
Eric FroomDirector
Maluhia FroomDirector
Rachel EverettDirector
Ryan FroomDirector
David J KorotkinAssistant Secretary
Mary C AckerSecretary/Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$17,954,077
Other Revenue
$0
Change in Net Assets
$-1,086,495
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$19,000,000
Other Expenses$40,572
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$19,000,000--$19,000,000
Fees for Services Accounting$18,075$0$0$18,075
Fees for Service Investment Mgmnt Fees$0$15,800$0$15,800
Fees for Services Legal$0$5,466$0$5,466
Other Expenses$0$378$0$378
Office Expenses$0$371$0$371
Total Functional Expenses$19,018,075$22,497$0$19,040,572
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
Subject to proxy tax
No
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 35% controlled entity
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
Yes
Filing and Contact Details

Filer

Filer Name
Sweetwater Action Fund
EIN
84-3726802
Phone
2402951612
Address
8171 Maple Lawn Blvd 375, Fulton, MD 20759

Signing Officer

Name
Mary C Acker
Title
Treasurer
Phone
2402951612
Signed
2025-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mary C Acker
Formed
2019
Legal Domicile
Md
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
6

Preparer

Firm
White Oak Resources LLC
Address
8171 MAPLE LAWN BLVD STE 375, FULTON, MD 20759
Preparer
Colleen McCarthy
Phone
2402951613
Supplemental Narrative

Additional Explanations

Pt VI, Line 2

Roberta bainum and her 3 adult children, eric, ryan and alex froom and their spouses, rachel everett and maluhia froom all serve as directors.the organization delegated control of certain management functions to a management company - white oak resources, llc. White oak resources,llc is ultimately owned by the directors, trusts for their benefit, and descendants of robertas parents. Two of the officers are employed by white oak resources, llc.

Pt VI, Line 6

There is one class of members. The board is a separate governing body elected by the members.

Pt VI, Line 7B

The members have the right to: set the mission and policy statement of the corporation; approve any changes to the corporations certificate of incorporation or the bylaws;approve dissolution of the corporation and the related distribution of assets, material sales of assets, mergers, consolidations, conversions, or domestications; and approve any other fundamental transactions of the corporation.

Pt VI, Line 3

Certain management duties for sweetwater action fund are performed by white oak legacy, inc. Primarily with respect to finance, tax & administration.

Pt VI, Line 7A

The members of the corporaton have the right and duty to: fix the authorized number of directors; elect the directors of the corporation upon any vacancies on the board of directors; appoint the board chair, who serves at the pleasure of the members, from among the directors they elect; and remove any or all of the directors with or without cause.

Pt VI, Line 11B

White oak resources, llc employees prepare the return. The treasurer reviews the return and then a copy of the form 990 is made available to the full governing body before filing with the internal revenue service.

Pt VI, Line 12C

Annual questionnaires document each director and officers compliance and disclosures.

Pt VI, Line 15A

There are no employees. Officers and directors are not compensated.

Pt VI, Line 19

The fund makes the organizational and governing documents available upon request.

Pt XI

Line 9 represents the additional tax gain in excess of book gain on sale of 145,000 shares of choice hotels international, inc. (chh) due to monthly marking to market for books.

Raw XML Appendix378 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ROBERTA BAINUM AND HER 3 ADULT CHILDREN, ERIC, RYAN AND ALEX FROOM AND THEIR SPOUSES, RACHEL EVERETT AND MALUHIA FROOM ALL SERVE AS DIRECTORS.THE ORGANIZATION DELEGATED CONTROL OF CERTAIN MANAGEMENT FUNCTIONS TO A MANAGEMENT COMPANY - WHITE OAK RESOURCES, LLC. WHITE OAK RESOURCES,LLC IS ULTIMATELY OWNED BY THE DIRECTORS, TRUSTS FOR THEIR BENEFIT, AND DESCENDANTS OF ROBERTAS PARENTS. TWO OF THE OFFICERS ARE EMPLOYED BY WHITE OAK RESOURCES, LLC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THERE IS ONE CLASS OF MEMBERS. THE BOARD IS A SEPARATE GOVERNING BODY ELECTED BY THE MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE MEMBERS HAVE THE RIGHT TO: SET THE MISSION AND POLICY STATEMENT OF THE CORPORATION; APPROVE ANY CHANGES TO THE CORPORATIONS CERTIFICATE OF INCORPORATION OR THE BYLAWS;APPROVE DISSOLUTION OF THE CORPORATION AND THE RELATED DISTRIBUTION OF ASSETS, MATERIAL SALES OF ASSETS, MERGERS, CONSOLIDATIONS, CONVERSIONS, OR DOMESTICATIONS; AND APPROVE ANY OTHER FUNDAMENTAL TRANSACTIONS OF THE CORPORATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CERTAIN MANAGEMENT DUTIES FOR SWEETWATER ACTION FUND ARE PERFORMED BY WHITE OAK LEGACY, INC. PRIMARILY WITH RESPECT TO FINANCE, TAX & ADMINISTRATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE MEMBERS OF THE CORPORATON HAVE THE RIGHT AND DUTY TO: FIX THE AUTHORIZED NUMBER OF DIRECTORS; ELECT THE DIRECTORS OF THE CORPORATION UPON ANY VACANCIES ON THE BOARD OF DIRECTORS; APPOINT THE BOARD CHAIR, WHO SERVES AT THE PLEASURE OF THE MEMBERS, FROM AMONG THE DIRECTORS THEY ELECT; AND REMOVE ANY OR ALL OF THE DIRECTORS WITH OR WITHOUT CAUSE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5WHITE OAK RESOURCES, LLC EMPLOYEES PREPARE THE RETURN. THE TREASURER REVIEWS THE RETURN AND THEN A COPY OF THE FORM 990 IS MADE AVAILABLE TO THE FULL GOVERNING BODY BEFORE FILING WITH THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6ANNUAL QUESTIONNAIRES DOCUMENT EACH DIRECTOR AND OFFICERS COMPLIANCE AND DISCLOSURES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THERE ARE NO EMPLOYEES. OFFICERS AND DIRECTORS ARE NOT COMPENSATED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8THE FUND MAKES THE ORGANIZATIONAL AND GOVERNING DOCUMENTS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9LINE 9 REPRESENTS THE ADDITIONAL TAX GAIN IN EXCESS OF BOOK GAIN ON SALE OF 145,000 SHARES OF CHOICE HOTELS INTERNATIONAL, INC. (CHH) DUE TO MONTHLY MARKING TO MARKET FOR BOOKS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 3
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Pt XI
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0true
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd1false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Trisons Foundation Inc
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1Watershed Row Fund
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0260729957
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1993147072
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(c)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501(c)(4)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0FL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1DE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Making grants to 501(c)(3) organizations
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1Promote social welfare in Klamath Falls, Oregon
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0PF
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt08171 Maple Lawn Blvd Suite 375
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt18171 Maple Lawn Blvd Suite 375
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Fulton
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1Fulton
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0MD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1MD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd020759
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd120759
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/SupplementalInformationDetail/ExplanationTxt0Related organization, Sweetwater Action Fund, provided a $19,000,000 grant to Watershed Row Fund to spend towards improving social welfare in Klamath Falls, Oregon.
IRS990ScheduleR/SupplementalInformationDetail/FormAndLineReferenceDesc0Part V - Line 1b
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt019000000
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0Cash
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0Watershed Row Fund
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0b
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0DE
IRS990/StatesWhereCopyOfReturnIsFldCd1MD
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt035863166
IRS990/TotalAssetsEOYAmt022323464
IRS990/TotalAssetsGrp/BOYAmt035863166
IRS990/TotalAssetsGrp/EOYAmt022323464
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt022497
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt019018075
IRS990/TotalFunctionalExpensesGrp/TotalAmt019040572
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt035863166
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt022323464
IRS990/TotalProgramServiceExpensesAmt019018075
IRS990/TotalRevenueGrp/ExclusionAmt017954077
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt017954077
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt06
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt035863166
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt022323464
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt08171 Maple Lawn Blvd Suite 375
IRS990/USAddress/CityNm0Fulton
IRS990/USAddress/StateAbbreviationCd0MD
IRS990/USAddress/ZIPCd020759
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Mary C Acker
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum02402951612
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Sweetwater Action Fund
ReturnHeader/Filer/BusinessNameControlTxt0SWEE
ReturnHeader/Filer/EIN0843726802
ReturnHeader/Filer/PhoneNum02402951612
ReturnHeader/Filer/USAddress/AddressLine1Txt08171 Maple Lawn Blvd 375
ReturnHeader/Filer/USAddress/CityNm0Fulton
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MD
ReturnHeader/Filer/USAddress/ZIPCd020759
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0612119901
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WHITE OAK RESOURCES LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt08171 MAPLE LAWN BLVD STE 375
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0FULTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd020759
ReturnHeader/PreparerPersonGrp/PhoneNum02402951613
ReturnHeader/PreparerPersonGrp/PreparationDt02025-05-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Colleen McCarthy
ReturnHeader/ReturnTs02025-05-14T08:14:57-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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