FRIENDS OF THE BOUNDARY WATERS WILDERNESS

EIN: 363414821 501(c)(3) Environment

ST PAUL, MN

Total Revenue
$3,070,351
Total Expenses
$2,574,376
Total Assets
$4,780,049
Net Assets
$4,431,031
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1976
Legal Domicile
MN
Principal Officer
LEE VUE
Phone
6123329630
Tax Period
2023-10-01 to 2024-09-30

FRIENDS OF THE BOUNDARY WATERS WILDERNESS, founded in 1976, is a community nonprofit in the Environment sector that reported $3.1M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $496K, a strong 16% operating margin.

Mission

TO PROTECT THE BOUNDARY WATERS AND TO CONNECT PEOPLE OF ALL BACKGROUNDS TO THE WILDERNESS, SO THAT THIS AND FUTURE GENERATIONS CAN BENEFIT FROM THIS SPECIAL PLACE.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,949,154
Program Service Revenue $0
Investment Income $94,541
Other Revenue $26,656
TOTAL REVENUE $3,070,351

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,654,189
Fundraising Expenses $440,939
Program Expenses $1,678,990
Other Expenses $920,187
TOTAL EXPENSES $2,574,376

Year-over-Year Comparison

2023 2022 Change
Revenue $3,070,351 $2,756,966 +0.1%
Expenses $2,574,376 $2,430,921 +0.1%
Net Income $495,975 $326,045 +0.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
13
Independent Members
13
Employees
22
Volunteers
200

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
5
$168,572
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRIS KNOPF EXECUTIVE DIRECTOR 40.00
Officer
$151,250 $17,322 $168,572
LEE VUE CHAIR 10.00
Officer Director
$0 $0 $0
RYAN JOHNSON VICE CHAIR 1.00
Officer Director
$0 $0 $0
JOHN PENSHORN SECRETARY 3.00
Officer Director
$0 $0 $0
BOB SCOTT TREASURER 5.00
Officer Director
$0 $0 $0
NILES DENEEN DIRECTOR 1.00
Director
$0 $0 $0
TOM DONAHO DIRECTOR 1.00
Director
$0 $0 $0
DEBORAH HUSKINS DIRECTOR 1.00
Director
$0 $0 $0
JASON LONG DIRECTOR 1.00
Director
$0 $0 $0
EVAN NELSON DIRECTOR 1.00
Director
$0 $0 $0
JAIME ROQUEBERT DIRECTOR 1.00
Director
$0 $0 $0
ADAN TORRES DIRECTOR 1.00
Director
$0 $0 $0
KELLY SCHULLER DIRECTOR 1.00
Director
$0 $0 $0
EMILY VIKRE DIRECTOR 1.00
Director
$0 $0 $0
LAURA WILDENBORG DIRECTOR 1.00
Director
$0 $0 $0
JOHN WILLOUGHBY DIRECTOR 1.00
Director
$0 $0 $0
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
2024 $3,070,351 $2,574,376 $4,780,049 $495,975
2023 $2,756,966 $2,430,921 $4,028,530 $326,045
2022 $2,197,868 $1,919,578 $3,600,444 $278,290
2021 $2,513,314 $1,690,401 $3,530,531 $822,913
2020 $1,524,627 $1,050,338 $2,273,005 $474,289
2019 $1,113,035 $791,133 $1,650,624 $321,902
2018 $917,755 $806,172 $1,297,117 $111,583
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