FOREST TRENDS ASSOCIATION

EIN: 522135531 501(c)(3) Environment

WASHINGTON, DC

Total Revenue
$6,019,529
Total Expenses
$8,585,215
Total Assets
$6,937,507
Net Assets
$3,437,910
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
DE
Principal Officer
MICHAEL JENKINS
Phone
2022983000
Tax Period
2025-01-01 to 2025-12-31

FOREST TRENDS ASSOCIATION, founded in 1998, is a community nonprofit in the Environment sector that reported $6.0M in total revenue in fiscal year 2025. Revenue fell 46% from the prior year — a significant decline worth monitoring. Expenses of $8.6M exceeded revenue, resulting in a 43% operating deficit.

Mission

FOREST TRENDS WORKS TO DRIVE INNOVATION IN ENVIRONMENTAL FINANCE TO SUPPORT RESILIENT ECOSYSTEMS AND COMMUNITIES. THROUGH ITS CORE INITIATIVES-INCLUDING FOREST POLICY, TRADE & FINANCE, WATER, AND COMMUNITIES-FOREST TRENDS DEVELOPS DATA, (CONTINUED ON SCHEDULE O)TOOLS, AND PARTNERSHIPS THAT PROMOTE SUSTAINABLE RESOURCE MANAGEMENT, STRENGTHEN LOCAL AND INDIGENOUS LAND RIGHTS, AND SUPPORT MARKET-BASED SOLUTIONS TO ENVIRONMENTAL CHALLENGES. THESE PROGRAMS COLLECTIVELY ADVANCE POLICY DEVELOPMENT, IMPROVE TRANSPARENCY IN SUPPLY CHAINS, AND EXPAND FINANCING MECHANISMS FOR CONSERVATION AND SUSTAINABLE LIVELIHOODS.

Program Service Accomplishments

Program 1
Expenses: $2,283,806

FOREST POLICY, TRADE & FINANCE INITIATIVE: THE FOREST POLICY, TRADE AND FINANCE INITIATIVE WAS CREATED IN THE EARLY 2000S WHEN THE ORGANIZATION REALIZED THAT EMERGING MARKETS FOR ECOSYSTEM SERVICES...

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FOREST POLICY, TRADE & FINANCE INITIATIVE: THE FOREST POLICY, TRADE AND FINANCE INITIATIVE WAS CREATED IN THE EARLY 2000S WHEN THE ORGANIZATION REALIZED THAT EMERGING MARKETS FOR ECOSYSTEM SERVICES AND PRODUCTS WERE CONTINUING TO BE UNDERMINED BY CHEAP AND ILLEGAL FOREST PRODUCTS. SINCE THEN, THE FPTF PROGRAM HAS BEEN WORKING TO "SQUEEZE OUT" THE PROFITABILITY AND MARKET ACCESS OF ILLEGALLY SOURCED TIMBER AND AGRICULTURAL PRODUCTS. THE ULTIMATE AIM OF THE FPTF PROGRAM IS TO SUPPORT MARKET TRANSFORMATION AWAY FROM PRODUCTS SOURCED ILLEGALLY FROM FOREST AREAS, DEVELOPING EXCELLENT DATA AND POLICY ANALYSIS IN CONJUNCTION WITH STAKEHOLDERS, AND MENTORING AND CONVENING 'COMMUNITIES OF PRACTICE' AT THE INTERSECTION OF GOOD FOREST GOVERNANCE, LAW ENFORCEMENT, TRADE CONTROLS, SECURE RESOURCE RIGHTS, AND SUSTAINABLE RESOURCE DEVELOPMENT. THE INITIATIVE'S THEORY OF CHANGE HINGES UPON A COMBINATION OF SUPPLY AND DEMAND SIDE INTERVENTIONS AT THIS INTERSECTION OF POLICY, GOVERNANCE, TRANSPARENCY, AND SUSTAINABLE RESOURCE PRODUCTION.MEKONG: PREVENTING DEFORESTATIONS BEFORE IT HAPPENS THROUGH STOPPING ILLEGAL DEFORESTATION, FIGHTING CLIMATE CHANGE, CREATING NEW STRATEGIES IN TRACING ILLEGAL TIMBER AND WORKING BOTH WITH CONSUMERS AND PRODUCERS.

Program 2
Expenses: $1,781,439

WATER INITIATIVE: RECOGNIZING THE MULTIPLE VALUES, INCLUDING SUPPLIES OF CLEAN WATER, WHICH FORESTS PROVIDE TO PEOPLE, FOREST TRENDS HAS WORKED FROM INCEPTION TO PROMOTE THE USE OF INCENTIVES AND...

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WATER INITIATIVE: RECOGNIZING THE MULTIPLE VALUES, INCLUDING SUPPLIES OF CLEAN WATER, WHICH FORESTS PROVIDE TO PEOPLE, FOREST TRENDS HAS WORKED FROM INCEPTION TO PROMOTE THE USE OF INCENTIVES AND MARKET-BASED INSTRUMENTS TO PROTECT AND SUSTAINABLY MANAGE WATERSHED SERVICES. FOREST TRENDS HELPED ESTABLISH THE CHESAPEAKE BAY FUND, AN INNOVATIVE PARTNERSHIP BETWEEN FOREST TRENDS, THE WORLD RESOURCES INSTITUTE, AND THE CHESAPEAKE BAY FOUNDATION, TO RESTORE AND PROTECT THE BAY'S WATER QUALITY. IN 2010, WE LAUNCHED THE FIRST STATE OF WATERSHED PAYMENTS REPORT, THE FIRST GLOBAL SURVEY OF INCENTIVE AND MARKET-BASED INSTRUMENTS FOR PROTECTING HYDROLOGICAL SERVICES.GLOBAL WATER IN 2018, USAID AND THE GOVERNMENT OF CANADA MADE A MAJOR $28 MILLION COMMITMENT (IN 2013 THIS COMMITMENT WAS INCREASED TO $52,181,653 TO THE NATURAL INFRASTRUCTURE FOR WATER SECURITY PROJECT IN PERU, LED BY FOREST TRENDS AND PARTNERS. FOREST TRENDS ALSO CREATED THE FIRST-EVER COMPREHENSIVE ONLINE COURSE ON NATURAL INFRASTRUCTURE FOR THE WATER SECTOR IN COLLABORATION WITH THE ASSOCIATION OF LATIN AMERICAN WATER UTILITY REGULATORS (ADERASA) AND FINANCING EXPERTS AT ECODECISIN. TO DATE, FOREST TRENDS HAS TRAINED 126 ENGINEERS AND WATER SERVICE PROVIDERS (70 MEN AND 56 WOMEN) IN 13 COUNTRIES IN DESIGNING AND EVALUATING NATURE-BASED INTERVENTIONS. THE COURSE IS IN ITS THIRD - PERENNIALLY OVERSUBSCRIBED - ITERATION. FTA RECEIVED A TERMINATION LETTER OF THESE PROGRAMS AS OF JANUARY 2025.

Program 3
Expenses: $1,356,235

COMMUNITIES INITIATIVE: THE COMMUNITIES INITIATIVE IS ONE OF THE FIRST INITIATIVES OF FOREST TRENDS. THE INITIAL FOCUS WAS ON RESEARCH AND PUBLICATIONS TO PROMOTE COMMUNITIES' FOREST/LAND TENURE. IN...

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COMMUNITIES INITIATIVE: THE COMMUNITIES INITIATIVE IS ONE OF THE FIRST INITIATIVES OF FOREST TRENDS. THE INITIAL FOCUS WAS ON RESEARCH AND PUBLICATIONS TO PROMOTE COMMUNITIES' FOREST/LAND TENURE. IN 2006 WE TRANSITIONED TO OUR CURRENT APPROACH OF WORKING DIRECTLY WITH LOCAL COMMUNITIES TO STRENGTHEN THEIR CAPACITY TO SECURE AND MANAGE THEIR TRADITIONAL FOREST HOMELANDS.WE SUPPORT INDIGENOUS AND OTHER TRADITIONAL COMMUNITIES TO SECURE THEIR RIGHTS, MANAGE AND CONSERVE THEIR FORESTS AND IMPROVE THEIR LIVELIHOODS. FOCUSING ON RIGHTS, FORESTS, AND LIVELIHOODS, WE LINK LOCAL COMMUNITIES IN KEY GEOGRAPHIES TO OPPORTUNITIES AROUND EVOLVING POLICY, FINANCE, AND TECHNICAL ASSISTANCE. BY STRENGTHENING LOCAL COMMUNITIES' CAPACITY TO SECURE AND MANAGE THEIR FORESTS, THE COMMUNITIES INITIATIVE IS ALSO CONTRIBUTING TO CLIMATE CHANGE MITIGATION, CULTURAL SURVIVAL, AND TO THE CONSERVATION OF BIODIVERSITY AND OTHER ECOSYSTEM SERVICES.

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

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $5,968,734
Program Service Revenue $0
Investment Income $44,424
Other Revenue $6,371
TOTAL REVENUE $6,019,529

Expense Breakdown

Grants Paid $676,687
Salaries & Benefits $3,994,849
Fundraising Expenses $72,634
Program Expenses $6,989,775
Other Expenses $3,913,679
TOTAL EXPENSES $8,585,215

Year-over-Year Comparison

2025 2024 Change
Revenue $6,019,529 $11,091,645 -0.5%
Expenses $8,585,215 $12,387,669 -0.3%
Net Income $-2,565,686 $-1,296,024 +1.0%
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
20
Volunteers
16

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
6
$696,666
Total Directors
13
$0
Key Employees
5
$996,380
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HARRIS SHERMAN CO-CHAIR THEN CHAIR (TRANSITION 8/2025) 0.50
Officer Director
$0 $0 $0
BETTINA VON HAGEN CO-CHAIR THEN TREASURER (TRANSITION 8/2025) 0.50
Officer Director
$0 $0 $0
SALLY COLLINS SECRETARY 0.50
Officer Director
$0 $0 $0
JOSEPH AZRACK DIRECTOR 0.50
Director
$0 $0 $0
WHITNEY DEBEVOISE DIRECTOR 0.50
Director
$0 $0 $0
BOB FANCH DIRECTOR 0.50
Director
$0 $0 $0
LYNDON HAVILAND DIRECTOR 0.50
Director
$0 $0 $0
YUEJIA PENG DIRECTOR 0.50
Director
$0 $0 $0
CAROLE SEGAL DIRECTOR 0.50
Director
$0 $0 $0
MIGUEL SEREDIUK MILANO DIRECTOR 0.50
Director
$0 $0 $0
MANUEL PULGAR-VIDAL DIRECTOR 0.50
Director
$0 $0 $0
JAMES SCHULTZ DIRECTOR 0.50
Director
$0 $0 $0
SERGEY TSYPLENKOV DIRECTOR 0.50
Director
$0 $0 $0
MICHAEL JENKINS PRESIDENT & CEO 40.00
Officer
$286,520 $41,344 $327,864
OLY BRACHO CFO 40.00
Officer
$262,816 $37,924 $300,740
LINDA COADY TREASURER THEN CONSULTANT (TRANSITION 8/2025) 0.50
Officer
$68,062 $0 $68,062
JOSE BORGES DIRECTOR, COMMUNITIES 40.00
Key Emp
$189,327 $27,320 $216,647
KERSTIN CANBY DIRECTOR, FPTF 40.00
Key Emp
$180,983 $26,116 $207,099
GENA GAMMIE DIRECTOR, WATER INITIATIVE 40.00
Key Emp
$178,420 $25,746 $204,166
GENEVIEVE BENNETT DIRECTOR, COMMUNICATIONS 40.00
Key Emp
$172,636 $24,912 $197,548
LILIT BODAKOWSKI CONTROLLER 40.00
Key Emp
$159,435 $11,485 $170,920
PHUC XUAN DIRECTOR, PROGRAM MEKONG 40.00
Highest
$250,839 $0 $250,839
JASMINE GARCIA DIRECTOR, HR AND OPERATIONS 40.00
Highest
$173,179 $24,990 $198,169
DEVIKA JAIPURIAR MANAGER, GRANTS 40.00
Highest
$103,218 $14,894 $118,112
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 $6,019,529 $8,585,215 $6,937,507 $-2,565,686
2024 No data No data No data No data
2023 $12,349,215 $11,201,933 $11,367,968 $1,147,282
2022 $9,892,778 $12,149,382 $10,282,490 $-2,256,604
2021 $17,021,181 $11,660,895 $10,087,472 $5,360,286
2020 $11,941,768 $11,899,968 $5,416,029 $41,800
2019 $10,536,571 $11,711,793 $5,418,398 $-1,175,222
2018 $11,438,611 $8,703,050 $6,584,913 $2,735,561
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