Civic Intelligence

Elkhorn Slough Foundation

990 • Fiscal year 2017 • EIN 94-2823247

Jul 01, 2016 to Jun 30, 2017 • Filed on Feb 28, 2018

PO Box 267Moss Landing, CA 95039

(831) 728-5939

Siviq Scores

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

Liabilities / Assets

14th percentile

0.02x

Higher debt load relative to assets than 14% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Liabilities / Revenue

40th percentile

0.21x

Higher debt load relative to revenue than 40% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Net Margin

12th percentile

-13%

Higher net margin than 12% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Top Officer Pay

20th percentile

$144,049

Higher top officer pay than 20% of similar nonprofits.

Top officer pay equals 5.5% of source-year revenue.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Asset Growth

29th percentile

0.1%

Faster asset growth than 29% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2016 to 2017

Revenue Growth

5th percentile

-39%

Faster revenue growth than 5% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2016 to 2017

Assets

Up

$32,765,185

Up $23,253 (+0.1%) from 2016

Net Assets

Up

$32,207,041

Up $91,034 (+0.3%) from 2016

Liabilities

Down

$558,144

Down $67,781 (-11%) from 2016

Revenue

Down

$2,636,620

Down $1,712,282 (-39%) from 2016

Expenses

Up

$2,987,906

Up $577,465 (+24%) from 2016

Net Income

Down

-$351,286

Down $2,289,747 (-118%) from 2016

Historical Trend

Balance Sheet Trend

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

$60M$40M$20M$0Assets 2011: $25,438,036Liabilities 2011: $401,459Net Assets 2011: $25,036,5772011Assets 2012: $24,877,782Liabilities 2012: $407,492Net Assets 2012: $24,470,2902012Assets 2013: $29,835,998Liabilities 2013: $824,924Net Assets 2013: $29,011,0742013Assets 2014: $31,628,907Liabilities 2014: $1,083,042Net Assets 2014: $30,545,8652014Assets 2015: $30,818,947Liabilities 2015: $574,815Net Assets 2015: $30,244,1322015Assets 2016: $32,741,932Liabilities 2016: $625,925Net Assets 2016: $32,116,0072016Assets 2017: $32,765,185Liabilities 2017: $558,144Net Assets 2017: $32,207,0412017Assets 2018: $40,888,858Liabilities 2018: $2,591,159Net Assets 2018: $38,297,6992018Assets 2019: $39,920,439Liabilities 2019: $1,162,010Net Assets 2019: $38,758,4292019Assets 2020: $40,813,318Liabilities 2020: $2,050,226Net Assets 2020: $38,763,0922020Assets 2021: $43,540,960Liabilities 2021: $1,870,822Net Assets 2021: $41,670,1382021Assets 2022: $41,261,031Liabilities 2022: $768,148Net Assets 2022: $40,492,8832022Assets 2023: $42,556,988Liabilities 2023: $1,051,831Net Assets 2023: $41,505,1572023Assets 2024: $46,787,248Liabilities 2024: $603,474Net Assets 2024: $46,183,7742024Assets 2025: $49,727,926Liabilities 2025: $775,220Net Assets 2025: $48,952,7062025

Highlighted filing

2017

Assets$32,765,185
Liabilities$558,144
Net Assets$32,207,041

Operations Trend

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

$15M$10M$5.0M$0-$5.0MExpenses 2011: $4,684,8662011Expenses 2012: $2,489,3922012Expenses 2013: $2,553,4262013Revenue 2014: $3,579,374Expenses 2014: $2,700,263Net Income 2014: $879,1112014Revenue 2015: $2,150,003Expenses 2015: $2,409,420Net Income 2015: -$259,4172015Revenue 2016: $4,348,902Expenses 2016: $2,410,441Net Income 2016: $1,938,4612016Revenue 2017: $2,636,620Expenses 2017: $2,987,906Net Income 2017: -$351,2862017Revenue 2018: $10,749,417Expenses 2018: $4,503,723Net Income 2018: $6,245,6942018Revenue 2019: $3,835,240Expenses 2019: $3,499,531Net Income 2019: $335,7092019Revenue 2020: $4,135,624Expenses 2020: $3,916,847Net Income 2020: $218,7772020Revenue 2021: $6,252,654Expenses 2021: $4,805,844Net Income 2021: $1,446,8102021Revenue 2022: $4,607,156Expenses 2022: $4,140,904Net Income 2022: $466,2522022Revenue 2023: $5,245,873Expenses 2023: $4,631,818Net Income 2023: $614,0552023Revenue 2024: $9,674,181Expenses 2024: $5,428,542Net Income 2024: $4,245,6392024Revenue 2025: $8,549,320Expenses 2025: $5,853,417Net Income 2025: $2,695,9032025

Highlighted filing

2017

Revenue$2,636,620
Expenses$2,987,906
Net Income-$351,286
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Feb 28, 2018
Return Version
2016v3.0
Gross Receipts
$4,160,426
Mission and Program Overview

Mission

The Elkhorn Slough Foundation's mission is to conserve and restore Elkhorn Slough and its watershed, California's largest tidal salt marsh south of San Francisco Bay. Renowned for its extraordinary biodiversity, Elkhorn Slough features a dynamic working landscape intertwined with rich natural habitats. To achieve its mission, the Elkhorn Slough Foundation focuses on the direct acquisition and stewardship of key lands while collaborating with partnerorganizations and agencies. Together, they advance sound scientific research, deliver impactful education programs, and foster meaningful community engagement. As an accredited organization through the Land Trust Alliance Accreditation Commission, the Foundation upholds the highest standards in conservation and land stewardship.

To conserve and restore Elkhorn Slough and its watershed, Monterey Bay's premier estuarine wetland.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$24,816,122$24,743,090▼ $73,032
Investments in Publicly Traded Securities$6,210,018$6,822,148▲ $612,130
Pledges and Grants Receivable$539,429$762,612▲ $223,183
Cash and Non-Interest-Bearing Accounts$531,436$50,096▼ $481,340
Inventories for Sale or Use$13,831$16,900▲ $3,069
Prepaid Expenses and Deferred Charges$24,858$12,861▼ $11,997
Accounts Receivable$5,010$798▼ $4,212
Savings and Temporary Cash Investments$268,629$6▼ $268,623
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-
Total Assets$32,741,932$32,765,185▲ $23,253
Other Assets Total$332,599$356,674▲ $24,075
Liabilities
Accounts Payable and Accrued Expenses$290,589$491,141▲ $200,552
Deferred Revenue$268,333--
Other Liabilities$67,003$67,003→ $0
Total Liabilities$625,925$558,144▼ $67,781
Net Assets / Fund Balance
Unrestricted Net Assets$19,746,493$19,775,779▲ $29,286
Permanently Rstr Net Assets$11,348,307$11,378,307▲ $30,000
Temporarily Rstr Net Assets$1,021,207$1,052,955▲ $31,748
Total Net Assets Fund Balance$32,116,007$32,207,041▲ $91,034
Total Liabilities and Net Assets / Fund Balance$32,741,932$32,765,185▲ $23,253

Asset Categories

AssetBook ValueDepreciationBasis
Land$24,016,305-$24,016,305
Buildings$533,804$260,644$794,448
Equipment$39,456$502,491$541,947
Leasehold Improvements$153,525$264,764$418,289

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$5,670,268$306,714▲ $601,025$249,615$6,289,958
2015$5,906,471$5,000▲ $22,588$226,066$5,670,268
2014$6,125,395$1,000▲ $55,278$245,915$5,906,471
2013$4,561,062$1,076,660▲ $972,821$469,827$6,125,395
2012$3,570,631$450,000▲ $629,191$77,674$4,561,062
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mark SilbersteinExecutive DirecFT$136,615$7,434$144,049
Lorili TothDev. DirectorFT$105,860$14,128$119,988

Board Members and Trustees

NameTitle
Anne OlsenPresident
Judith ConnorVice President
Anne SeckerTrustee
Bruce WeldenTrustee
Ed BoutonnetTrustee
Kent MarshallTrustee
Laura SolorioTrustee
Mary WrightTrustee
Murry SchekmanTrustee
Sandy HaleTrustee
Robert HartmannSecretary
Michael PintoTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,898,069
Program Service Revenue
$69,778
Investment Income
$200,470
Other Revenue
$468,303
All Other Contributions
$706,149
Change in Net Assets
$-351,286

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,636,620
Revenue Not Reported on Form 990
$442,730
Total Revenue per Audited Statements
$3,079,350
Total Revenue per Form 990
$2,636,620
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,634,707
Other Expenses$1,352,913
Total Fundraising Expense$192,479
Grants and Similar Amounts Paid$286
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$988,657$136,758$94,838$1,220,253
Fees for Services Other$813,617$34,739$8,652$857,008
Office Expenses$165,109$17,938$35,949$218,996
Other Employee Benefits$116,727$26,845$11,714$155,286
Current Officers, Directors, Trustees, and Key Employees$79,216$36,007$28,806$144,029
Payroll Taxes$82,987$13,265$9,233$105,485
Depreciation Depletion$77,403$3,130-$80,533
Fees for Service Investment Mgmnt Fees$453$43,166-$43,619
Fees for Services Accounting-$33,771-$33,771
Travel$30,088$3,283-$33,371
Insurance$4,442$24,413-$28,855
Conferences and Meetings$19,967$1,596-$21,563
Pension Plan Contributions$8,010$814$830$9,654
Fees for Services Legal$7,575--$7,575
Occupancy$5,068--$5,068
Other Expenses$73$975$2,237$2,310
Interest-$2,214-$2,214
Grants to Domestic Individuals$286--$286
Total Functional Expenses$2,414,114$381,313$192,479$2,987,906

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,988,316
Expenses per Audited Statements$2,987,906
Total Expenses per Form 990$2,987,906
Expenses Not Reported on Form 990$410
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-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Line of Credit$67,003
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 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 11B: Form 990 Review Process

The 990 is reviewed by Elkhorn Slough Foundation's management staff including the Executive Director, Administrative Director, Bookkeeper and our consulting CPA. The second level of review is conducted by the Finance Committee of the Board of ESF which includes the Treasurer. This review is conducted in advance of submission of the 990 to the IRS. Once the staff and the Finance Committee have approved the 990, it is posted on the secure Board web-site for reviewing by the entire Board of Directors. This would typically occur before submission.

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

The Elkhorn Slough Foundation Board discusses and approves all real estate and other significant transactions and includes a review of conflicts of interest. Any links of board members or key employees to financial transactions are discussed at both the committee level and by the full board. If a real conflict of interest is identified, that board or staff member would identify their interest and recuse themselves from any decision-making process. As noted, officers and board members are required annually, to disclose any interests that could give rise to conflicts.

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

Compensation for the Executive Director is set by the Board of Directors. The process begins with an annual evaluation of the E.D. by the Executive Committee of the Board. This is presented to the full board for approval. Once approved, the Executive Committee assigns a compensation committee of independent directors from the board. The compensation committee secures and reviews current salary and compensation data for the non-profit sector from at least two sources. The committee then recommends a compensation level to the board for approval.

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

The Elkhorn Slough Foundation makes all governing documents available to the public. Copies of articles of incorporation, by-laws, IRS confirmation of 501(c)(3) status, employee manuals, fiscal policies, Board agendas and minutes, Board resolutions, conflict of interest policy and audited financial statements are available for review and inspection at the Foundation offices located at the Elkhorn Reserve Public Facility.

Filing and Contact Details

Filer

Filer Name
Elkhorn Slough Foundation
EIN
94-2823247
Phone
8317285939
Address
PO Box 267, Moss Landing, CA 95039

Signing Officer

Name
Anne Olsen
Title
President
Signed
2018-02-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mark Silberstein
Formed
1982
Legal Domicile
CA
Voting Board Members
12
Independent Board Members
12
Employees
30
Volunteers
475

Preparer

Firm
HAYASHI WAYLAND Accounting & Consulting
Address
1188 Padre Drive Suite 101, Salinas, CA 93901
Preparer
Autumn Rossi CPA
Phone
8317596300
Supplemental Narrative

Additional Explanations

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

OTHER PROGRAM SERVICES 4: RAM-The Research and Monitoring program on the Elkhorn Slough National Estuarine Research Reserve is the primary vehicle for conducting the water quality monitoring, habitat monitoring and biological monitoring on the Reserve and throughout the Elkhorn Slough Watershed. The research and monitoring team has also been responsible for the publication of a series of peer reviewed scientific publications, listed on the website: www.elkhornslough.org. This is an ongoing program funded by the National Oceanic and Atmospheric Administration. Elkhorn Slough Foundation administers these funds for the benefit of ESNERR and slough conservation in concert with the California Department of Fish and Wildlife. OTHER PROGRAM SERVICES 5: EPR-The education and public outreach programs of the Foundation include the web site www.elkhornslough.org, our presence on social media and our talks, walks, lectures and programs for the public and for school and community groups. This includes volunteer programs with community groups: Boy Scouts, Girl Scouts, church groups, corporate volunteer programs and a host of others. This also includes support for the education programs on the National Estuarine Research Reserve that sees 6,000 to 8,000 students per year and assistance with the Public Visitor Center that hosts a total of 40,000 to 50,000 visitors per year. OTHER PROGRAM SERVICES 6: CTP- The Coastal Training Program is a NOAA funded program of ESNERR that brings diverse people together, farmers, fishermen, regulatory personnel, elected officials, landowners, and scientists, to define natural resource issues and explore solutions. CTP builds collaborative networks that develop expertise and leadership to conserve Elkhorn Slough, one of the biodiversity hotspots of the U.S.

Financial Statement Notes

Part II, Line 5: Summarized Policy

X-LTA Standards

Part II, Line 9: Organization Reporting of conservation easements.

Since the benefit of easements accrue to the public upon acquisition, the fair market value of easements acquired is shown in the year of acquisition as an addition to net assets if acquired by donor gift and unless conveyed to a public agency for consideration, shown as a reduction in net assets to record the value of the public's benefit and to recognize that these easements have no marketable value once severed from the land and held by Elkhorn Slough Foundation. The purchases of easements are also shown as a reduction in net assets.

Part V, Line 4: Intended uses of the endowment fund.

Stewardship, scholarship and general operations.

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IRS990/Form990PartVIISectionAGrp/PersonNm0Judith Connor
IRS990/Form990PartVIISectionAGrp/PersonNm1Kent Marshall
IRS990/Form990PartVIISectionAGrp/PersonNm2Bruce Welden
IRS990/Form990PartVIISectionAGrp/PersonNm3Anne Secker
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IRS990/Form990PartVIISectionAGrp/PersonNm5MURRY SCHEKMAN
IRS990/Form990PartVIISectionAGrp/PersonNm6Mary Wright
IRS990/Form990PartVIISectionAGrp/PersonNm7Laura Solorio
IRS990/Form990PartVIISectionAGrp/PersonNm8Ed Boutonnet
IRS990/Form990PartVIISectionAGrp/PersonNm9Robert Hartmann
IRS990/Form990PartVIISectionAGrp/PersonNm10Michael Pinto
IRS990/Form990PartVIISectionAGrp/PersonNm11SANDY HALE
IRS990/Form990PartVIISectionAGrp/PersonNm12Mark Silberstein
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IRS990/MissionDesc0The Elkhorn Slough Foundation's mission is to conserve and restore Elkhorn Slough and its watershed. The slough is California's largest tidal salt marsh outside of San Francisco Bay. Elkhorn Slough harbors extraordinary bio-diversity and encompasses a dynamic working landscape juxtaposed with rich natural habitats. Elkhorn Slough Foundation meets its mission by the direct acquisition and stewardship of key lands and by work with partner organizations and agencies to promote sound scientific research, dynamic education programs and community engagement. Elkhorn Slough Foundation is accredited through the Land Trust Alliance Accreditation Commission upholding the highest standards of the industry.
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IRS990/ProgSrvcAccomActy2Grp/Desc0The Tidal Wetland Program- TWP is a multi-agency effort focused on addressing the most critical ecological challenge facing the tidal portions of Elkhorn Slough. Historic modifications of Slough hydrology has led to the dramatic loss of vegetated marsh land. In collaboration with over 100 scientists, resource managers, local residents and other stakeholders, the Tidal Wetland Program led an Ecosystem Based Management approach to arrest this loss of habitat and restore a more natural function to the slough system. The result of this is the implementation of more natural tidal flow to the Parson's slough complex on the Elkhorn Slough National Estuarine Research Reserve which protected over 450 acres of tidal wetlands in the Elkhorn system. Ongoing work is focused on the restoration of wetlands through the beneficial reuse of clean sediments to rebuild subsided marshes and look at the potential for carbon sequestration in these restored tidal marshes.
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IRS990/ProgSrvcAccomActy3Grp/Desc0Land Acquisition- Since 1982, the Elkhorn Slough Foundation has led efforts to conserve and restore Elkhorn Slough and its watershed. In the past decade, the Foundation has protected thousands of acres of key lands through an active program of acquiring fee and easement interests in properties in the watershed. By working in close collaboration with other agencies and organizations, Elkhorn Slough Foundation has been able to expand funding and support for Slough protection and management.
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$49.7$0.78$49.0$8.55$5.85$2.70
2024Detailed filing. Detailed filing data is available for this year.$46.8$0.60$46.2$9.67$5.43$4.25
2023Detailed filing. Detailed filing data is available for this year.$42.6$1.05$41.5$5.25$4.63$0.61
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$41.3$0.77$40.5$4.61$4.14$0.47
2021Detailed filing. Detailed filing data is available for this year.$43.5$1.87$41.7$6.25$4.81$1.45
2020Detailed filing. Detailed filing data is available for this year.$40.8$2.05$38.8$4.14$3.92$0.22
2019Detailed filing. Detailed filing data is available for this year.$39.9$1.16$38.8$3.84$3.50$0.34
2018Detailed filing. Detailed filing data is available for this year.$40.9$2.59$38.3$10.7$4.50$6.25
2017Detailed filing. Detailed filing data is available for this year.$32.8$0.56$32.2$2.64$2.99$0.35
2016Detailed filing. Detailed filing data is available for this year.$32.7$0.63$32.1$4.35$2.41$1.94
2015Detailed filing. Detailed filing data is available for this year.$30.8$0.57$30.2$2.15$2.41$0.26
2014Detailed filing. Detailed filing data is available for this year.$31.6$1.08$30.5$3.58$2.70$0.88
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$29.8$0.82$29.0$2.55
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$24.9$0.41$24.5$2.49
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$25.4$0.40$25.0$4.68
Peer Organizations

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