Civic Intelligence

Magnetawan Watershed Land Trust

EIN 98-1051915 • 501(c)3 • Magnetawan, ON, CA

Profile

To preserve the natural, historical, scenic and recreational value of the Magnewawan River Watershed for the benefit of future generations through land and conservation easement acquistion for the purpose of conservation and stewardship.

2998 Ahmic Lake RoadMagnetawan, ON P1H 0B5CA

n/A

Siviq Scores

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

Liabilities / Assets

31st percentile

0.01x

Higher debt load relative to assets than 31% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

54th percentile

0.10x

Higher debt load relative to revenue than 54% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

89th percentile

49%

Higher net margin than 89% of similar nonprofits.

501(c)3 • $1M-$5M 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

75th percentile

17%

Faster asset growth than 75% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2024

Revenue Growth

9th percentile

-32%

Faster revenue growth than 9% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2024

Assets

Up

$2,162,973

Up $580,842 (+37%) from 2022

Liabilities

Up

$18,398

Up $8,890 (+94%) from 2022

Net Assets

Up

$2,144,575

Up $571,952 (+36%) from 2022

Revenue

Down

$180,142

Down $204,948 (-53%) from 2022

Expenses

Up

$91,100

Up $34,531 (+61%) from 2022

Net Income

Down

$89,042

Down $239,479 (-73%) from 2022

Trend Graphs

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2014: $348,241Liabilities 2014: $02014Assets 2015: $994,461Liabilities 2015: $5,951Net Assets 2015: $988,5102015Assets 2016: $1,010,994Liabilities 2016: $4,489Net Assets 2016: $1,006,5052016Assets 2017: $1,039,616Liabilities 2017: $3,435Net Assets 2017: $1,036,1812017Assets 2018: $1,042,390Liabilities 2018: $3,916Net Assets 2018: $1,038,4742018Assets 2019: $1,109,568Liabilities 2019: $9,728Net Assets 2019: $1,099,8402019Assets 2020: $1,157,018Liabilities 2020: $7,289Net Assets 2020: $1,149,7292020Assets 2021: $1,247,902Liabilities 2021: $3,800Net Assets 2021: $1,244,1022021Assets 2022: $1,582,131Liabilities 2022: $9,508Net Assets 2022: $1,572,6232022Assets 2024: $2,162,973Liabilities 2024: $18,398Net Assets 2024: $2,144,5752024

Highlighted filing

2024

Assets$2,162,973
Liabilities$18,398
Net Assets$2,144,575

Operations Trend

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

$800K$600K$400K$200K$0Revenue 2014: $56,429Expenses 2014: $38,578Net Income 2014: $17,8512014Revenue 2015: $681,759Expenses 2015: $32,365Net Income 2015: $649,3942015Revenue 2016: $57,750Expenses 2016: $35,266Net Income 2016: $22,4842016Revenue 2017: $251,651Expenses 2017: $226,464Net Income 2017: $25,1872017Revenue 2018: $44,340Expenses 2018: $42,047Net Income 2018: $2,2932018Revenue 2019: $91,868Expenses 2019: $56,494Net Income 2019: $35,3742019Revenue 2020: $78,019Expenses 2020: $28,130Net Income 2020: $49,8892020Revenue 2021: $118,160Expenses 2021: $23,787Net Income 2021: $94,3732021Revenue 2022: $385,090Expenses 2022: $56,569Net Income 2022: $328,5212022Revenue 2024: $180,142Expenses 2024: $91,100Net Income 2024: $89,0422024

Highlighted filing

2024

Revenue$180,142
Expenses$91,100
Net Income$89,042

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 17, 2025
Return Version
2024v5.2
Gross Receipts
$180,142
Mission and Program Overview

Mission

To increase the number of natural and ecologically- significant spaces protected in perpetuity along the Magnetawan River Watershed.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$1,578,510$1,578,510→ $0
Investments Other Securities$275,676$300,772▲ $25,096
Cash and Non-Interest-Bearing Accounts$194,692$246,257▲ $51,565
Accounts Receivable$18,096$27,251▲ $9,155
Prepaid Expenses and Deferred Charges$11,183$10,183▼ $1,000
Total Assets$2,078,157$2,162,973▲ $84,816
Liabilities
Accounts Payable and Accrued Expenses$22,623$18,398▼ $4,225
Total Liabilities$22,623$18,398▼ $4,225
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,026,266$2,115,308▲ $89,042
Net Assets With Donor Restrictions$29,267$29,267→ $0
Total Net Assets Fund Balance$2,055,533$2,144,575▲ $89,042
Total Liabilities and Net Assets / Fund Balance$2,078,156$2,162,973▲ $84,817

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$1,578,510--
Other Securities$29,267--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$25,992---$22,717
2023$25,992---$25,992
2022$25,992---$25,992
2021$25,992---$25,992
2020$25,992---$25,992
Compensation and Service Providers

Board Members and Trustees

NameTitle
Howard RosenPresident
Adam RedishVice President
Barry GrahamDirector
Brian ChemnitzDirector
Callan CookDirector
David BadhamDirector
Geoff SnellingDirector
Kevin WhiteDirector
Molly TerlevichDirector
Sam CandlerDirector
Whit ConradDirector
Ian CaysSecretary
Shelley ChemnitzTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$150,053
Program Service Revenue
$0
Investment Income
$30,089
Other Revenue
$0
All Other Contributions
$115,841
Change in Net Assets
$89,042
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$91,100
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Legal-$20,143-$20,143
Office Expenses-$13,103-$13,103
Fees for Services Accounting-$6,000-$6,000
Other Expenses-$2,637-$2,637
Insurance-$1,831-$1,831
Total Functional Expenses$0$91,100$0$91,100
International Activity

International Summary

Offices
1
Employees
0
Spending
$1,970,382

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
North America - Canada and Mexico, but not the United StatesProgram services and ConservationLand Conservation and Land Held10$1,970,382
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
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
No
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
No

Governance Explanations

Form 990, Part VI, Section A, line 2

Director Brian Chemnitz and Treasurer Shelley are married to each other. No other related family members are part of trust.

Form 990, Part VI, Section A, line 6

Magnewatan Watershed Land Trust has members.

Form 990, Part VI, Section A, line 7A

The members of Magnewatan Watershed Land Trust have the power to elect or in the case of an interim board appointment affirm the directors of the organization and the power to elect the president of the the trust.

Form 990, Part VI, Section A, line 7B

Members of Magnetawan Watershed Land Trust must confirm at the next meeting following annual general meeting of the members the decision by the board to appoint a person to the board.

Form 990, Part VI, Section B, line 11B

Yes, the form was distributed by email to the governing body.

Form 990, Part VI, Section B, line 12C

Yes, it is item 3 of every board meeting to raise or discuss conflicts of interest.

Form 990, Part VI, Section C, line 19

Magnetawan Watershed Land Trust made its governing documents, conflict of interest policy, and financial statements available during the tax year by providing a copy of any of these documents listed when requested by a member of the public.

Filing and Contact Details

Filer

Filer Name
Magnetawan Watershed Land Trust
EIN
98-1051915
Phone
7054279412
Address
CA

Signing Officer

Name
Howard Rosen
Title
President
Signed
2025-11-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Howard Rosen
Formed
2009
Voting Board Members
13
Independent Board Members
13
Employees
0
Volunteers
0

Preparer

Firm
Welch Llp
Address
CA
Preparer
Ryan Eischer
Phone
6132369191
Supplemental Narrative

Financial Statement Notes

Part II, Line 5:

The stewardship policy applies to all land stewarded by MWLT

Part II, Line 9:

Tangible capital Assets are recorded at cost. Contributed tangible assets are recorded at fair market value at the date of contribution. No Depreciation recorded on land.

Part V, Line 4:

The endowment Fund is intended to be used for stewardship and monitoring of the conservation easement in perpetuity.

Pt II, Line 5

There is a board policy to address this.

Pt II, Line 8

Describe how the organization reports conservation easements in revenue and expenses statement and balance sheet and include if appicable the text of the footnote to the organization's financial statements that describes the organization's accounting for conservation easements. Wording from financial statements: Tangible capital assets are recoreded at cost. Contributed tangible capital assets are recoreded at fair market value at the date of the contribution. No depreciation is provided for on land acquistion. Conservation easements are considered as expeditures in the year incurred and are not capitalized.

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IRS990/ReportProgramRelatedInvstInd01
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0150053
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01148415
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0374729
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0108720
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt077153
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01859070
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt030089
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt018806
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0-10361
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt09440
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0866
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt048840
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.97440
IRS990ScheduleA/PublicSupportPY170Pct00.99830
IRS990ScheduleA/PublicSupportTotal170Amt01859070
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0150053
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01148415
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0374729
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0108720
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt077153
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01859070
IRS990ScheduleA/TotalSupportAmt01907910
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt025992
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt022717
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt03275
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt025992
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt025992
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt025992
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt025992
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt025992
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt025992
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt025992
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt025992
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesIncurredEnforcementAmt01050
IRS990ScheduleD/HistoricStrctrEasementsAftrCnt00
IRS990ScheduleD/HistoricStructureEasementsCnt00
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt01578510
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0Land Held
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/ModifiedEasementsCnt00
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0271505
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt129267
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Internally Restricted Investments
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Externally Restricted Stewardship Fund
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1C
IRS990ScheduleD/PreservationOpenSpaceInd0X
IRS990ScheduleD/ProtectionNaturalHabitatInd0X
IRS990ScheduleD/StaffHoursSpentEnforcementCnt025.00
IRS990ScheduleD/StatesEasementsHeldCnt00
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The stewardship policy applies to all land stewarded by MWLT
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Tangible capital Assets are recorded at cost. Contributed tangible assets are recorded at fair market value at the date of contribution. No Depreciation recorded on land.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2The endowment Fund is intended to be used for stewardship and monitoring of the conservation easement in perpetuity.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3There is a board policy to address this.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt4Describe how the organization reports conservation easements in revenue and expenses statement and balance sheet and include if appicable the text of the footnote to the organization's financial statements that describes the organization's accounting for conservation easements. Wording from financial statements: Tangible capital assets are recoreded at cost. Contributed tangible capital assets are recoreded at fair market value at the date of the contribution. No depreciation is provided for on land acquistion. Conservation easements are considered as expeditures in the year incurred and are not capitalized.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part II, Line 5:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part II, Line 9:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part V, Line 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt II, Line 5
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt II, Line 8
IRS990ScheduleD/TotalAcreageCnt0210.40
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueProgramRltdAmt01578510
IRS990ScheduleD/TotalBookValueSecuritiesAmt0300772
IRS990ScheduleD/TotalEasementsCnt02
IRS990ScheduleD/WrittenPolicyMonitoringInd01
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt01
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt01970382
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0North America - Canada and Mexico, but not the United States
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0Land Conservation and Land Held
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0Program services and Conservation
IRS990ScheduleF/BoycottCountriesInd00
IRS990ScheduleF/ContinuationSpentAmt00
IRS990ScheduleF/ContinuationTotalEmployeeCnt00
IRS990ScheduleF/ContinuationTotalOfficeCnt00
IRS990ScheduleF/ForeignCorpOwnershipInd00
IRS990ScheduleF/ForeignPartnershipInd00
IRS990ScheduleF/GrantRecordsMaintainedInd01
IRS990ScheduleF/InterestInForeignTrustInd00
IRS990ScheduleF/PassiveForeignInvestmestCoInd00
IRS990ScheduleF/SubtotalEmployeesCnt00
IRS990ScheduleF/SubtotalOfficesCnt01
IRS990ScheduleF/SubtotalSpentAmt01970382
IRS990ScheduleF/TotalEmployeeCnt00
IRS990ScheduleF/TotalOfficeCnt01
IRS990ScheduleF/TotalSpentAmt01970382
IRS990ScheduleF/TransferToForeignCorpInd00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Director Brian Chemnitz and Treasurer Shelley are married to each other. No other related family members are part of trust.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Magnewatan Watershed Land Trust has members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The members of Magnewatan Watershed Land Trust have the power to elect or in the case of an interim board appointment affirm the directors of the organization and the power to elect the president of the the trust.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Members of Magnetawan Watershed Land Trust must confirm at the next meeting following annual general meeting of the members the decision by the board to appoint a person to the board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Yes, the form was distributed by email to the governing body.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Yes, it is item 3 of every board meeting to raise or discuss conflicts of interest.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Magnetawan Watershed Land Trust made its governing documents, conflict of interest policy, and financial statements available during the tax year by providing a copy of any of these documents listed when requested by a member of the public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section A, line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Section C, line 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02078157
IRS990/TotalAssetsEOYAmt02162973
IRS990/TotalAssetsGrp/BOYAmt02078157
IRS990/TotalAssetsGrp/EOYAmt02162973
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0150053
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt091100
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt091100
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt022623
IRS990/TotalLiabilitiesEOYAmt018398

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