Overview
What is Broad Water Innovations?
Broad Water Innovations is a nonprofit organization based in Richmond, Virginia, with the address 3705 Saunders Ave, 23227. Their primary focus is on acquiring, maintaining, and conserving land for the purpose of preserving outdoor recreation, natural open spaces, and biodiversity. The organization serves as a long-term steward of wetland, stream, and species mitigation banks. They promote public awareness and education regarding the importance and benefits of environmental management programs and policies, upholding their mission as a conservation easement holder. Their activities are geared towards preserving and protecting land in perpetuity.
Official website here: www.broadwaterinnovations.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90% (Four-Star out of Four Stars)
Broad Water Innovations has earned a Four-Star rating from Charity Navigator, reflecting a strong emphasis on accountability and financial health. The score is based entirely on their accountability metrics, where they excelled in various areas, indicating robust governance and financial practices. Their accountability measures include having a completely independent board and no reported material diversions of assets, showcasing a commitment to integrity and transparency.
The organization demonstrates a solid commitment to effective financial management, with an impressive program expense ratio of 93.19%. This high percentage suggests that the majority of their funds are allocated directly to their programs, rather than administrative costs. Additionally, their liabilities to assets ratio stands at 0.00%, indicating a very healthy financial position without debt, which is a positive sign for potential donors.
However, one limitation noted is the absence of a whistleblower policy, which could be a concern for some stakeholders regarding internal accountability. Despite this, the charity's overall governance structure, marked by independent oversight and comprehensive policies, supports their strong rating and reinforces their mission effectiveness. Overall, Broad Water Innovations appears to be a well-managed nonprofit that prioritizes accountability and programmatic impact.
This AI summary has been generated from information found on Charity Navigator.
Is Broad Water Innovations legitimate?
Broad Water Innovations is a legitimate nonprofit organization registered as a 501(c)(3) entity. Broad Water Innovations submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $22,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $18,651
For more financial information, click here
Official website here: www.broadwaterinnovations.org
What is the mission statement of Broad Water Innovations?
Broad Water Innovations is dedicated to conserving wetland, stream, and species mitigation banks for the long term. As a conservation easement holder, they aim to protect these areas in perpetuity, providing outdoor recreation, natural open space, and safeguarding biodiversity. The organization promotes public awareness and education about the importance and benefits of environmental management programs and policies. They strive to preserve these resources for future generations.
Official website here: www.broadwaterinnovations.org
What is the revenue of Broad Water Innovations?
Broad Water Innovations's revenue in 2023 was $536,618.
Official website here: www.broadwaterinnovations.org
Who are the executives of Broad Water Innovations and what are their salaries?
The average compensation at Broad Water Innovations during 2023 was $20,576. There are 2 employees at Broad Water Innovations.
Here are 7 key members and their salaries:
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- Compensation: $75,000
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Official website here: www.broadwaterinnovations.org
Where can I find the form 990 for Broad Water Innovations?
Broad Water Innovations's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.broadwaterinnovations.org
Learn more at the official website: www.broadwaterinnovations.org
Mission Statement of Broad Water Innovations
Broad Water Innovations, a conservation easement holder, is dedicated to the long-term stewardship of wetland, stream, and species mitigation banks. The organization's mission is to acquire, hold, maintain, conserve, and protect land or land interests in perpetuity, with the aim of providing and preserving outdoor recreation, natural open space, and biodiversity.
In addition to land conservation, Broad Water Innovations promotes public awareness and education about the value and benefits of specific programs and policies for the management of environmental issues and conditions. The organization strives to preserve unique ecosystems and species, ensuring their survival for future generations.
By acting as a long-term steward, Broad Water Innovations plays a crucial role in maintaining the health and integrity of the land it manages. This includes ensuring the protection of natural habitats and the preservation of biodiversity, all while promoting public understanding and appreciation for the importance of conservation efforts. The organization's work contributes significantly to the overall health and sustainability of the natural world.
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Impact
June, 2024
Broad Water Innovations has a significant impact on environmental conservation and biodiversity preservation. As a steward of wetland, stream, and species mitigation banks, the organization acquires, holds, maintains, conserves, and protects land in perpetuity. By promoting public awareness and education on the value of preserving natural open spaces and biodiversity, Broad Water Innovations plays a crucial role in managing environmental issues and conditions. Their mission to serve as a conservation easement holder underscores their commitment to safeguarding natural resources for future generations.
This information is meant to be a general summary of Broad Water Innovations. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $1,050
- Program Service Revenue: $535,568
- Gross Receipts: $536,618
Assets and Liabilities:
- Total Assets: $43,913
- Total Liabilities: $0
- Net Assets: $43,913
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONSERVATION EASEMENT FEES
Revenue
$425,750
LONG-TERM STEWARDSHIP FEES
Revenue
$109,818
Organization Details
Founding Year
2018
Principal Officer
Thomas Clarkson
NTEE Category
Code: C60 - Environment
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