FRESHWATER SOCIETY

EIN: 237007115 501(c)(3) Science & Technology

SAINT PAUL, MN

Total Revenue
$1,422,614
Total Expenses
$1,953,357
Total Assets
$4,904,711
Net Assets
$4,579,583
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1968
Legal Domicile
MN
Principal Officer
MICHELLE STOCKNESS
Phone
6513135800
Tax Period
2024-07-01 to 2025-06-30

FRESHWATER SOCIETY, founded in 1968, is a community nonprofit in the Science & Technology sector that reported $1.4M in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $2.0M exceeded revenue, resulting in a 37% operating deficit.

Mission

INSPIRING AND EMPOWERING PEOPLE TO VALUE AND PRESERVE OUR FRESHWATER RESOURCES.

Program Service Accomplishments

Program 1
Expenses: $1,328,992 Revenue: $297,795

EDUCATION AND ENGAGEMENT:WE LED IMPACTFUL COMMUNITY OUTREACH AND ENGAGEMENT INITIATIVES, INCLUDING THE MN WATER STEWARDS PROGRAM, LEADING THE MINNESOTA WATER WORKFORCE TEAM, OUR NATURE-BASED...

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EDUCATION AND ENGAGEMENT:WE LED IMPACTFUL COMMUNITY OUTREACH AND ENGAGEMENT INITIATIVES, INCLUDING THE MN WATER STEWARDS PROGRAM, LEADING THE MINNESOTA WATER WORKFORCE TEAM, OUR NATURE-BASED EDUCATION WORK WITH THE TEACHER FIELD SCHOOL, GROWING GREATER LAKES PROMISE TO BUILD LAND CONSERVATION TO IMPROVE WATER QUALITY IN THE GREAT LAKES. THE WEATHERGUIDE CONTINUED TO INSPIRE ENVIRONMENTAL STEWARDSHIP, WITH EFFORTS TO STREAMLINE PRODUCTION AND CONNECT WITH THOUSANDS OF PEOPLE. THROUGH EVENTS, PRESENTATIONS, AND PARTNERSHIPS, WE ELEVATED WATER STEWARDSHIP AWARENESS AND WORKFORCE PATHWAYS. POLICY:WE STRENGTHENED OUR ADVOCACY EFFORTS BY CREATING A CROSS-FUNCTIONAL POLICY TEAM TO ADDRESS WATER ISSUES AT LOCAL, STATE, AND FEDERAL LEVELS. HIGHLIGHTS INCLUDE NATIONAL WORK ON SMART DATA CENTER SITING, TESTIFYING AT THE MINNESOTA LEGISLATURE, ENGAGING WITH STATE AND EIGHT FEDERAL LEGISLATIVE LEADERS, AND PARTICIPATING IN THE NATIONAL WATER POLICY FLY-IN. OUR TEAM CHAMPIONED CRITICAL ISSUES LIKE SUSTAINABLE WATER SUPPLY, NITRATE CONTAMINATION, ACCESS TO SAFE DRINKING WATER, AND INFRASTRUCTURE FUNDING, ENSURING A STRONG VOICE FOR WATER QUALITY AND ACCESSIBILITY.RESEARCH:WE ADVANCED WATER RESEARCH BY SEVERAL COLLABORATIVE EFFORTS INCLUDING COMPLETING OUR REPORT ON GROUNDWATER GOVERNANCE STRATEGIES FOR EPA REGION 5, SUPPORTED INITIATIVES LIKE THE ST. ANTHONY FALLS CUTOFF WALL INVESTIGATION, CONTINUED TO ASSIST WITH A MANAGED AQUIFER RECHARGE STUDY WITH THE UNIVERSITY OF MINNESOTA, AND CIRCULAR WATER ECONOMY EVALUATIONS. PRESENTATIONS AT KEY FORUMS AND ACTIVE PURSUIT OF STATEWIDE WATER REUSE PLANNING SOLIDIFIED OUR ROLE AS LEADERS IN WATER RESEARCH AND INNOVATION.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $638,490
Program Service Revenue $142,181
Investment Income $485,863
Other Revenue $156,080
TOTAL REVENUE $1,422,614

Expense Breakdown

Grants Paid $140,735
Salaries & Benefits $1,197,401
Fundraising Expenses $164,615
Program Expenses $1,328,992
Other Expenses $615,221
TOTAL EXPENSES $1,953,357

Year-over-Year Comparison

2024 2023 Change
Revenue $1,422,614 $1,179,849 +0.2%
Expenses $1,953,357 $2,133,891 -0.1%
Net Income $-530,743 $-954,042 -0.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
13
Independent Members
13
Employees
19
Volunteers
541

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
8
$294,655
Total Directors
19
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVE LEUTHE CHAIR 1.00
Officer Director
$0 $0 $0
LAURA PAGANO VICE CHAIR 1.00
Officer Director
$0 $0 $0
COREY LOHMILLER TREASURER 1.00
Officer Director
$0 $0 $0
DOUG THOMAS SECRETARY 1.00
Officer Director
$0 $0 $0
JOSEPHINE MARCOTTY PAST CHAIR 1.00
Officer Director
$0 $0 $0
BETH CARRENO DIRECTOR 1.00
Director
$0 $0 $0
JACQUES FINLAY DIRECTOR 1.00
Director
$0 $0 $0
RYAN GODFREY DIRECTOR 1.00
Director
$0 $0 $0
BARB HUBERTY DIRECTOR 1.00
Director
$0 $0 $0
JEREMY LENZ DIRECTOR 1.00
Director
$0 $0 $0
ALI LING DIRECTOR 1.00
Director
$0 $0 $0
SAM LOBBY DIRECTOR 1.00
Director
$0 $0 $0
RENEE WILLETTE DIRECTOR 1.00
Director
$0 $0 $0
WADE CAMPBELL DIRECTOR 1.00
Director
$0 $0 $0
RISIKAT ADESAOGUN DIRECTOR 1.00
Director
$0 $0 $0
RYAN HURT DIRECTOR 1.00
Director
$0 $0 $0
TYLER JOHNSON DIRECTOR 1.00
Director
$0 $0 $0
JILL LUCAS DIRECTOR 1.00
Director
$0 $0 $0
AARON TINJUM DIRECTOR 1.00
Director
$0 $0 $0
MICHELLE STOCKNESS EXECUTIVE DIRECTOR 40.00
Officer
$177,400 $12,860 $190,260
CATHY RUCCI FINANCE DIRECTOR 40.00
Officer
$80,769 $7,544 $88,313
ANDREA TODD FORMER FINANCE DIRECTOR 40.00
Officer
$16,082 $0 $16,082
CARRIE JENNINGS RESEARCH AND POLICY DIRECTOR 40.00
Highest
$119,477 $12,327 $131,804
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $1,422,614 $1,953,357 $4,904,711 $-530,743
2024 $1,179,849 $2,133,891 $6,402,127 $-954,042
2023 $2,441,287 $1,580,773 $6,984,281 $860,514
2022 $1,089,251 $1,610,017 $5,721,702 $-520,766
2021 $1,390,128 $1,088,058 $6,836,714 $302,070
2020 $942,980 $1,166,079 $5,728,055 $-223,099
2019 $1,083,621 $1,239,840 $5,522,750 $-156,219
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