Overview
What is Puget Sound Restoration Fund?
Puget Sound Restoration Fund is a nonprofit organization based in Bainbridge Island, Washington, with 20 employees. The primary mission of this organization is to restore and preserve the habitat, water quality, and native species within the Puget Sound. To achieve this, they have launched an initiative called "Eyes on Kelp," which is a three-year comprehensive kelp forest monitoring program, funded by the Paul G. Allen Family Foundation. The program includes underwater ecological monitoring, deploying sensors at multiple sites to measure environmental parameters, training recreational divers to conduct surveys, and testing new technology for near-real-time kelp monitoring capabilities. The ultimate goal is to build critical knowledge about Puget Sound's kelp forests, supporting conservation and recovery efforts. In 2021, the organization received $1,678,000.
Official website here: www.restorationfund.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 81%, Three-Star out of Four Star rating.
Puget Sound Restoration Fund has received a solid Three-Star rating from Charity Navigator, primarily reflecting its strong performance in accountability and finance. The organization scored 81% overall, with particular strengths in governance, highlighted by an independent board comprising 91% independent members and an absence of material asset diversion. Their commitment to transparency is further evidenced by the presence of key policies, such as conflict of interest and whistleblower protections.
The Fund excels in its program expense ratio, with 93.1% of its expenses directed towards program activities, underscoring its focus on effective service delivery. This high ratio indicates that the majority of its resources are utilized for its mission, which is critical in the nonprofit sector. The organization also demonstrates robust financial health with a low liabilities to assets ratio of 2.13%, showcasing its stability.
While the ratings reflect strong accountability practices, there are no explicit mentions of the impact of its programs or community feedback in the available data. This absence may limit a comprehensive understanding of the organization's effectiveness in achieving its mission. Overall, Puget Sound Restoration Fund presents itself as a financially responsible organization with a solid governance structure.
This AI summary has been generated from information found on Charity Navigator.
Is Puget Sound Restoration Fund legitimate?
Puget Sound Restoration Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Puget Sound Restoration Fund 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: $140,384
Professional Fundraising Fees: $0
Other Salaries and Wages: $836,578
For more financial information, click here
Official website here: www.restorationfund.org
What is the mission statement of Puget Sound Restoration Fund?
The Puget Sound Restoration Fund is dedicated to restoring habitat, water quality, and native species within the Puget Sound. Specifically, the organization focuses on the preservation and monitoring of kelp forests through a comprehensive initiative, funded by the Paul G. Allen Family Foundation, which involves underwater monitoring at several sites. This project includes scientific diving, the deployment of sensors on buoys and at depth, training recreational divers, and piloting new technology for near-real-time kelp monitoring. The ultimate goal is to gather critical knowledge about the region's kelp forests to support conservation and recovery efforts. In 2021, they received $1,678,000 for their work.
Official website here: www.restorationfund.org
Who is the CEO of Puget Sound Restoration Fund?
Elizabeth K Peabody is the Executive Director of Puget Sound Restoration Fund.
Official website here: www.restorationfund.org
What is the revenue of Puget Sound Restoration Fund?
Puget Sound Restoration Fund's revenue in 2022 was $1,782,910.
Official website here: www.restorationfund.org
Who are the executives of Puget Sound Restoration Fund and what are their salaries?
The average compensation at Puget Sound Restoration Fund during 2022 was $48,848. There are 20 employees at Puget Sound Restoration Fund.
Here are 13 key members and their salaries:
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Official website here: www.restorationfund.org
Where can I find the form 990 for Puget Sound Restoration Fund?
Puget Sound Restoration Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.restorationfund.org
Learn more at the official website: www.restorationfund.org
Mission Statement of Puget Sound Restoration Fund
The Puget Sound Restoration Fund, a dedicated organization, is committed to restoring and enhancing the habitat, water quality, and native species within the Puget Sound. Their mission is geared towards fostering a healthier marine ecosystem by implementing various initiatives that monitor and improve the conditions of the region's kelp forests.
In 2021, the Fund received a substantial grant from the Paul G. Allen Family Foundation, allowing them to launch a three-year comprehensive kelp forest monitoring initiative called the Eyes on Kelp. This initiative involves underwater monitoring at 14 index sites throughout the Southern Salish Sea, encompassing a diverse range of environmental conditions and human use impacts. The monitoring program includes scientific diving to evaluate the ecological health of the kelp forests, the deployment of sensors on buoys and at depth to measure environmental parameters, the training of recreational divers to conduct surveys using the same protocols at additional sites, and the piloting of new technology at a demonstration site to provide near-real-time kelp monitoring capabilities.
The ultimate goal of this initiative is to gather critical knowledge about the Puget Sound's kelp forests, which will support conservation and recovery efforts. By understanding the current state of these vital ecosystems, the Puget Sound Restoration Fund can develop effective strategies to protect and improve the health of the Puget Sound's native species and overall ecosystem.
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Impact
June, 2024
Puget Sound Restoration Fund's impact includes a comprehensive kelp forest monitoring initiative aimed at restoring habitat, water quality, and native species in the Puget Sound region. Through their Eyes on Kelp initiative, they have established underwater monitoring at 14 index sites throughout the Southern Salish Sea, covering a range of environmental conditions and human use impacts. This program involves conducting underwater ecological monitoring with scientific divers, deploying sensors to measure environmental parameters, training recreational divers to conduct surveys, and piloting new technology for near-real-time kelp monitoring. This initiative aims to build critical knowledge about Puget Sound's kelp forests to support conservation and recovery efforts.
This information is meant to be a general summary of Puget Sound Restoration Fund. 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 2022.
- Investment Income: $18,280
- Gross Receipts: $1,844,891
Assets and Liabilities:
- Total Assets: $2,690,413
- Total Liabilities: $57,448
- Net Assets: $2,632,965
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Organization Details
Founding Year
1997
Principal Officer
Elizabeth K Peabody
Main Address
8001 NE DAY RD STE B, BAINBRIDGE ISLAND, WA, 98110
Website
www.restorationfund.orgNTEE Category
Code: C123 - Environment
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