Skip to content

Minnesota · Nonprofit

FRESHWATER SOCIETY

FRESHWATER SOCIETY (Minnesota) receives grants from 28 organizations whose IRS filings report $1,636,664 to it, the largest being THE JOYCE FOUNDATION ($850,635). 13 of them have funded it in more than one year.

Revenue FY2025
$1.4M
Funders on record
28
Grants received
$1.6M
Net assets
$4.6M
13/28 repeat funderspeak grant-dependency 40%
01What it does

What Freshwater Society does

Mission

Inspiring and empowering people to value and preserve our freshwater resources.

As stated on its FY2025 Form 990.

Program

  1. 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…

    $1,328,992 spentof which $140,735 as grants$297,795 earned by the program
    100% of program spending

The program described on its FY2024 Form 990. Program spending in total: $1,328,992.

02The organization over time

The organization over time

Each line starts at 100 in 2019, so what you read is the shape rather than the size: 150 means half as much again as 2019, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20192019 Revenue 100 ($1.1M) Expenses 100 ($1.2M) Net assets 100 ($5.5M)2020 Revenue 87 ($943k) Expenses 94 ($1.2M) Net assets 101 ($5.5M)2021 Revenue 128 ($1.4M) Expenses 88 ($1.1M) Net assets 123 ($6.7M)2022 Revenue 101 ($1.1M) Expenses 130 ($1.6M) Net assets 101 ($5.5M)2023 Revenue 225 ($2.4M) Expenses 127 ($1.6M) Net assets 123 ($6.7M)2024 Revenue 109 ($1.2M) Expenses 172 ($2.1M) Net assets 114 ($6.2M)2025 Revenue 131 ($1.4M) Expenses 158 ($2.0M) Net assets 84 ($4.6M)
2019202020212022202320242025
Revenue (131)Expenses (158)Net assets (84)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2024 to 2025, from $6.4M to $4.9M (−23%).

$5.5M
$5.7M
$6.8M
$5.7M
$7.0M
$6.4M
$4.9M
2019202020212022202320242025
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2019
2020
2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2019 23% · 2020 35% · 2021 11% · 2022 0% · 2023 0% · 2024 0% · 2025 0%. Grants only. Government contracts and fees sit inside program revenue.

45% of FRESHWATER SOCIETY’s revenue is contributions — about as donation-reliant as the typical peer (67% for the typical peer).

This organization
Typical peer · 498 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 5 of the last 7 reported years ran a deficit.

−$156k
’19
−$223k
’20
$302k
’21
−$521k
’22
$861k
’23
−$954k
’24
−$531k
’25
0.9
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Chief executive

Michelle Stockness

Executive director

Board chair

Dave Leuthe

Chair

As listed on its FY2025 Form 990.

The chief executive listed changed between the FY2023 and FY2024 filings.

2019202020212022202320242025
Listed15181617171923
Joined·+5+6+3+3+5+6
No longer listed·282332
03Who funds it

Who funds it, year by year

2017 → 2023: the base broadened from 4 funders to 9 funders, grant income rose $14k → $373k.

6 of 28 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 5% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of FRESHWATER SOCIETY’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

FRESHWATER SOCIETY leans on a few funders — its largest provides 52% of grant income and the top three 85%; half comes from just 1 funder.

the vertical line marks half of all grant income — 1 funder to its left

52%
largest funder
85%
top three
~3
effective funders

Largest funder’s share by year: 2017 67% · 2018 82% · 2019 90% · 2020 85% · 2021 57% · 2022 52% · 2023 92% — growing more concentrated.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How long its funders stay

17% of FRESHWATER SOCIETY's funders are still giving 3 years after their first grant; 46% give in more than one year at all.

first grant+1y+2y+3y+4y+5y+6y

Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.

Where its funders are

FRESHWATER SOCIETY draws 63% of its grant income from funders outside Minnesota, across 9 states in all.

MN
IL
WI
NY
CA
CO
MO
TX
FL

In-state vs out-of-state, by year

’17
’18
’19
’20
’21
’22
’23
Minnesota out of state home

Funder states come from each funder’s own filing. $76k arriving through sponsors registered in 5 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

FRESHWATER SOCIETY's funding base is broadening — from 4 funders to 9 as grant income climbed.

Operating margin−37% · bottom quartile
Months of reserve0.9mo · bottom quartile
Revenue growth (annualized)5% · below the median

this organization peer median middle 50% of peers· 210 science & tech nonprofits $1M–$10M, FY2025

Organizations like FRESHWATER SOCIETY

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Minnesota

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

68% of spending goes to programs.

Program 68%Management 24%Fundraising 8%

Governance

13
board members
100%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention✓Board reviewed the 990✓Audited financials

Public support

72%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Files a return copy in 1 state

MN

Screen this organization

A dated, signed PDF of the compliance screen for FRESHWATER SOCIETY: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

A paid feature, included from the $75 plan up. Sign in to download.

Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds FRESHWATER SOCIETY?
FRESHWATER SOCIETY (Minnesota) receives grants from 28 organizations whose IRS filings report $1,636,664 to it, the largest being THE JOYCE FOUNDATION ($850,635). 13 of them have funded it in more than one year.
How many funders does FRESHWATER SOCIETY have?
IRS filings report 28 organizations giving $1,636,664 in grants to FRESHWATER SOCIETY, 13 of which have funded it in more than one year.
Who is the largest funder of FRESHWATER SOCIETY?
THE JOYCE FOUNDATION is the largest funder on record, with $850,635 in grants. The full list of funders is on this page.
How can an organization like FRESHWATER SOCIETY find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Minnesota. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2019–2025), and the filings of 28 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing