Civic Intelligence

Copper River Watershed Project

990 • Fiscal year 2020 • EIN 92-0162546

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 04, 2021

PO Box 1560Cordova, AK 99574

(907) 424-3334

Siviq Scores

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

Liabilities / Assets

71st percentile

0.30x

Higher debt load relative to assets than 71% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

35th percentile

0.06x

Higher debt load relative to revenue than 35% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

50th percentile

5.4%

Higher net margin than 50% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2020

Asset Growth

93rd percentile

103%

Faster asset growth than 93% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

98th percentile

359%

Faster revenue growth than 98% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$507,546

Up $258,075 (+103%) from 2019

Net Assets

Up

$354,995

Up $148,155 (+72%) from 2019

Liabilities

Up

$152,551

Up $109,920 (+258%) from 2019

Revenue

Up

$2,549,384

Up $1,993,524 (+359%) from 2019

Expenses

Up

$2,411,781

Up $1,874,628 (+349%) from 2019

Net Income

Up

$137,603

Up $118,896 (+636%) from 2019

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2010: $95,903Liabilities 2010: $44,959Net Assets 2010: $50,9442010Assets 2011: $96,241Liabilities 2011: $21,350Net Assets 2011: $74,8912011Assets 2012: $96,248Liabilities 2012: $43,691Net Assets 2012: $52,5572012Assets 2013: $107,061Liabilities 2013: $51,773Net Assets 2013: $55,2882013Assets 2014: $115,670Liabilities 2014: $34,714Net Assets 2014: $80,9562014Assets 2015: $123,151Liabilities 2015: $16,022Net Assets 2015: $107,1292015Assets 2016: $443,342Liabilities 2016: $291,425Net Assets 2016: $151,9172016Assets 2017: $169,015Liabilities 2017: $21,859Net Assets 2017: $147,1562017Assets 2018: $187,503Liabilities 2018: $40,532Net Assets 2018: $146,9712018Assets 2019: $249,471Liabilities 2019: $42,631Net Assets 2019: $206,8402019Assets 2020: $507,546Liabilities 2020: $152,551Net Assets 2020: $354,9952020Assets 2021: $470,340Liabilities 2021: $50,169Net Assets 2021: $420,1712021Assets 2022: $623,104Liabilities 2022: $162,741Net Assets 2022: $460,3632022Assets 2023: $690,058Liabilities 2023: $91,859Net Assets 2023: $598,1992023Assets 2024: $773,588Liabilities 2024: $81,067Net Assets 2024: $692,5212024

Highlighted filing

2020

Assets$507,546
Liabilities$152,551
Net Assets$354,995

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $1,060,8592010Expenses 2011: $635,2132011Expenses 2012: $380,4602012Revenue 2013: $380,740Expenses 2013: $380,597Net Income 2013: $1432013Revenue 2014: $429,978Expenses 2014: $405,093Net Income 2014: $24,8852014Revenue 2015: $490,620Expenses 2015: $460,644Net Income 2015: $29,9762015Revenue 2016: $775,042Expenses 2016: $732,099Net Income 2016: $42,9432016Revenue 2017: $416,796Expenses 2017: $425,089Net Income 2017: -$8,2932017Revenue 2018: $928,615Expenses 2018: $923,600Net Income 2018: $5,0152018Revenue 2019: $555,860Expenses 2019: $537,153Net Income 2019: $18,7072019Revenue 2020: $2,549,384Expenses 2020: $2,411,781Net Income 2020: $137,6032020Revenue 2021: $3,092,838Expenses 2021: $3,031,184Net Income 2021: $61,6542021Revenue 2022: $2,822,578Expenses 2022: $2,765,661Net Income 2022: $56,9172022Revenue 2023: $3,464,680Expenses 2023: $3,333,511Net Income 2023: $131,1692023Revenue 2024: $2,697,791Expenses 2024: $2,604,334Net Income 2024: $93,4572024

Highlighted filing

2020

Revenue$2,549,384
Expenses$2,411,781
Net Income$137,603
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 4, 2021
Return Version
2020v4.0
Gross Receipts
$2,554,614
Mission and Program Overview

Mission

The Copper River Watershed Project promotes a salmon-rich, intact watershed to support culturally diverse communities by forming partnerships for watershed-scale planning and projects.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$75,479$200,466▲ $124,987
Pledges and Grants Receivable$43,925$118,131▲ $74,206
Land, Buildings, and Equipment, Net$41,886$91,679▲ $49,793
Investments in Publicly Traded Securities$54,950$62,075▲ $7,125
Savings and Temporary Cash Investments$33,231$35,187▲ $1,956
Prepaid Expenses and Deferred Charges-$8-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$249,471$507,546▲ $258,075
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$2,289$76,074▲ $73,785
Other Liabilities$23,986$68,952▲ $44,966
Deferred Revenue$16,356$7,525▼ $8,831
Total Liabilities$42,631$152,551▲ $109,920
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$183,648$299,004▲ $115,356
Net Assets With Donor Restrictions$23,192$55,991▲ $32,799
Total Net Assets Fund Balance$206,840$354,995▲ $148,155
Total Liabilities and Net Assets / Fund Balance$249,471$507,546▲ $258,075

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$97,896-$97,896
Land$35,000-$35,000
Other Land Buildings$-41,217$41,717$500
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Lisa DockenExecutive DirectorFT$59,866$59,866

Board Members and Trustees

NameTitle
Nicholas MerlinoPresident
Pete MickelsonVice President
David SaigetBoard Member
Katherine WilsonBoard Member
Caitlin McKinstrySecretary
Matt PicheTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Wilson ConstructionConstruction and EngineerPO Box 813, Cordova, AK 99574$1,727,188
Alaska Department of TransportationConstruction and EngineerPO Box 112500, Juneau, AK 99811-2500$202,462
Revenue and Support

Revenue Composition

Contributions and Grants
$2,500,677
Program Service Revenue
$40,418
Investment Income
$1,772
Other Revenue
$6,517
All Other Contributions
$272,428
Change in Net Assets
$137,603

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,554,614
Revenue Not Reported on Financial Statements
$-5,230
Revenue Not Reported on Form 990
$10,644
Other Revenue Adjustments
$-5,230
Total Revenue per Audited Statements
$2,565,258
Total Revenue per Form 990
$2,549,384
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,065,367
Salaries, Compensation, and Employee Benefits$262,416
Grants and Similar Amounts Paid$83,998
Total Fundraising Expense$5,687
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$1,979,069$6,375$1,444$1,986,888
Other Salaries and Wages$105,723$72,901$304$178,928
Grants to Domestic Orgs$82,998--$82,998
Current Officers, Directors, Trustees, and Key Employees$35,373$24,391$102$59,866
Payroll Taxes$10,617$7,950$35$18,602
Travel$10,724$1,985$1,620$14,329
Occupancy-$12,100-$12,100
Office Expenses$3,541$6,285$488$10,314
Other Employee Benefits$3,310$1,708$2$5,020
Fees for Services Accounting-$4,968-$4,968
Depreciation Depletion-$4,006-$4,006
Insurance-$3,575-$3,575
All Other Expenses$539$1,865$332$2,736
Advertising$1,799$145$59$2,003
Other Expenses$434$102$1,296$1,832
Conferences and Meetings$1,065$511$74$1,650
Grants to Domestic Individuals$1,000--$1,000
Information Technology$220$640-$860
Total Functional Expenses$2,250,700$155,394$5,687$2,411,781

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,422,301
Expenses per Audited Statements$2,411,781
Total Expenses per Form 990$2,411,781
Expenses Not Reported on Form 990$10,520
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Homer Soil and Water ConservaHomer, AK-Invasive Plant Mini-Grant$22,119
CrwpCordova, AK-Invasive Plant Mini-Grant$16,673
Kenai Watershed ForumSoldotna, AK-Invasive Plant Mini-Grant$12,688
Kodiak Soil and Water ConservKodiak, AK-Invasive Plant Mini-Grant$11,073
Tyonek Tribal Conservation DiAnchorage, AK-Invasive Plant Mini-Grant$10,995
Citizens Against Noxious WeedAnchorage, AK-Invasive Plant Mini-Grant$9,450
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$7,543
Fundraising Direct Expenses$4,185
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-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
PPP Loan$47,358
Payroll Liabilities$18,995
Credit Card Payable$2,303
Sales Tax Payable$296
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
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 6: Explanation of Classes of Members or Shareholder

Copper River Watershed Project has 300 voting members and other non-voting members. Voting members are entitled to vote at regular and special meetings; serve on the Board, if elected; and serve on a Board Committee, if appointed by the Board.

Form 990, Part VI, Line 9: Officer, Director, Trustee, Key Employee Mailing Address

Nicholas Merlino, President: PO Box 93044, Anchorage, AK 99509Pete Mickelson, Vice President: PO Box 325, Cordova, AK 99574Matt Piche, Treasurer: PO Box 1436, Cordova, AK 99574Caitlin McKinstry, Secretary: PO Box 1723, Cordova, AK 99574David Saiget, Director: PO Box 1093, Cordova, AK 99574Katherine Wilson, Director: PO Box 346, Copper Center, AK 99573

Form 990, Part VI, Line 11B: Form 990 Review Process

CRWP Executive Director includes a draft copy of Form 990 in a regular monthly Board packet for governing Board review before submitting Form 990 to the IRS

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

At its annual Board retreat, Board members review the CRWP conflict of interest policy and sign a statement declaring any conflicts of interest

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

Executive Director is evaluated annually by the CRWP Board of Directors. Salary compensation is decided on by comparison to nonprofit organization comparable salaries as presented annually in the Foraker Group Salary and Benefit Survey.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

The Executive Director evaluates the performance of the other officers/key employees on an annual basis and makes compensation recommendations to the board of directors.

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

Organization makes its Forms 1023 and 990 Available to the public upon request. The governing documents, its operations handbook which includes the conflict of interest policy, document retention and destruction policy, the whistleblower policy and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Copper River Watershed Project
EIN
92-0162546
Phone
9074243334
Address
PO Box 1560, Cordova, AK 99574

Signing Officer

Name
Lisa Docken
Title
Executive Director
Signed
2021-11-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Nicholas Merlino
Formed
1998
Legal Domicile
Ak
Voting Board Members
6
Independent Board Members
6
Employees
14
Volunteers
6

Preparer

Firm
Altman Rogers & Co
Address
3000 C Street Suite 201, Anchorage, AK 99503
Preparer
Tom J Domagala CPA
Phone
9072742992
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D: Other Program Services Description

OTHER PROGRAM SERVICES 4: Community Tourism: As part of The Organizations mission, they work with local government and business partners to attract small scale independent travelers to the region to help build a sustainable tourism economy. The Organization develops story-telling resources for The Alaska App, a smart phone app, to enrich the visitor experience in the Copper Basin. The Organization also facilitates organizing the Salmon Jam Festival, a destination weekend event that draws visitors to Cordova from Anchorage and Fairbanks. OTHER PROGRAM SERVICES 5: Recycling: As part of The Organizations mission, they work to promote recycling throughout the Copper River area. The Organization strives to maintain sustainable practices within its own operations and encourages community members to do the same. The Organization has a focus on fish net recycling within the community.

Form 990, Part XI, Line 8, Prior period adjustments

There were some inconsistencies discovered in fixed assets when the audit was performed. This entry is to correct the net assets for those corrections.

Financial Statement Notes

Part X : FIN48 Footnote

The Organization is a nonprofit corporation exempt from income taxation under Section 501(c)(3) of the Internal Revenue Code. Although the Organization is exempt from federal income taxes, any income derived from unrelated business activities is subject to the requirement of filing Federal Income Tax Form 990-T and a tax liability may be determined on these activities. The Organization had no income derived from unrelated business activities as of December 31, 2020. The Organization classifies all interest and penalties related to tax contingencies as income tax expense. As of December 31, 2020, there are no accrued interest or penalties. As of December 31, 2020 there were no uncertain tax positions or unrecognized tax benefits for which management believes it is reasonably possible that the total amounts of tax contingencies will significantly increase or decrease within 12 months of the reporting date. The Organization files tax returns in the US Federal Jurisdiction and the State of Alaska. As of 2020, the tax years that remain subject to examination begins with 2017.

Part XI, Line 2D: Other revenue amounts included in F/S but not included on form 990

Net assets released from restrictions $5290

Part XII, Line 2D: Other expenses and losses per audited F/S

Fundraising exp reported on Part VIII $4185 Cost of Sales reported on Part VIII $1045 Net assets released from restrictions $5290

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IRS990/MissionDesc0The Copper River Watershed Project promotes a salmon-rich, intact watershed to support culturally diverse communities by forming partnerships for watershed-scale planning and projects.
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IRS990/OtherExpensesGrp/Desc0Project Supplies
IRS990/OtherExpensesGrp/Desc1Printing and Publications
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IRS990/OtherExpensesGrp/Desc3Bank Charges and Fees
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IRS990/OtherSalariesAndWagesGrp/TotalAmt0178928
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IRS990/PayrollTaxesGrp/FundraisingAmt035
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt07950
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IRS990/PensionPlanContributionsGrp/TotalAmt00
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IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt08
IRS990/PrincipalOfficerNm0Nicholas Merlino
IRS990/PriorPeriodAdjustmentsAmt05198
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IRS990/ProgSrvcAccomActy2Grp/Desc0Invasive Plant Management: The Organization is working to facilitate partnerships among public and private land managers and land owners in both the Copper River basin and the Copper River delta area to identify and treat invasive plants. Invasive plants are particularly aggressive and threaten fish and wildlife habitat by cording out native plants, reducing the foraging opportunities for native fish and wildlife.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0119915
IRS990/ProgSrvcAccomActy2Grp/GrantAmt083998
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt02153
IRS990/ProgSrvcAccomActy3Grp/Desc0Community Tourism: As part of The Organizations mission, they work with local government and business partners to attract small scale independent travelers to the region to help build a sustainable tourism economy. The Organization develops story-telling resources for The Alaska App, a smart phone app, to enrich the visitor experience in the Copper Basin. The Organization also facilitates organizing the Salmon Jam Festival, a destination weekend event that draws visitors to Cordova from Anchorage and Fairbanks.
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IRS990/ProgSrvcAccomActy3Grp/RevenueAmt01518
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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.77$0.08$0.69$2.70$2.60$0.09
2023Summary only. Only limited summary data is available for this year.$0.69$0.09$0.60$3.46$3.33$0.13
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.62$0.16$0.46$2.82$2.77$0.06
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.47$0.05$0.42$3.09$3.03$0.06
2020Detailed filing. Detailed filing data is available for this year.$0.51$0.15$0.35$2.55$2.41$0.14
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.25$0.04$0.21$0.56$0.54$0.02
2018Summary only. Only limited summary data is available for this year.$0.19$0.04$0.15$0.93$0.92$0.01
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.17$0.02$0.15$0.42$0.43$0.01
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.44$0.29$0.15$0.78$0.73$0.04
2015Summary only. Only limited summary data is available for this year.$0.12$0.02$0.11$0.49$0.46$0.03
2014Detailed filing. Detailed filing data is available for this year.$0.12$0.03$0.08$0.43$0.41$0.02
2013Detailed filing. Detailed filing data is available for this year.$0.11$0.05$0.06$0.38$0.38$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.10$0.04$0.05$0.38
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.10$0.02$0.07$0.64
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.10$0.04$0.05$1.06