Washington · Nonprofit
PUGET SOUND RESTORATION FUND
PUGET SOUND RESTORATION FUND (Washington) receives grants from 47 organizations whose IRS filings report $6,117,361 to it, the largest being ALLEN FAMILY PHILANTHROPIES ($2,462,191). 29 of them have funded it in more than one year.
- Revenue FY2024
- $2.6M
- Funders on record
- 47
- Grants received
- $6.1M
- Net assets
- $3.7M
What Puget Sound Restoration Fund does
Mission
To restore habitat, water quality and native species in the puget sound
As stated on its FY2024 Form 990.
Programs
Bull kelp restoration - continued developing and advancing a suite of capabilities to respond to declines in our regions kelp forests. With a broad set of partners, we have been testing enhancement techniques, establishing kelp lab facilities, creating a kelp seed bank as a long-term archive of genetic material from over 20 kelp forests in puget sound, establishing underwater monitoring sites, and beginning a genetics assessment. Since 2020, psrf has successfully grown canopy kelp each year from seafloor to surface at doe-kag-wats/pt. Jefferson in central puget sound in partnership with the suquamish tribe, noaa, washington state, and other partners.
$804,725 spent30% of program spendingAbalone recovery - continued managing a pinto abalone conservation breeding and program by producing and rearing genetically diverse abalone in the hatchery and then outplanting juvenile abalone at restoration sites to help recover severely depressed abalone populations in washington state. Pinto abalone help maintain healthy subtidal rocky reef habitat and kelp forest ecosystems by grazing and clearing rock surfaces for settlement by other organisms. Through december 2024, nearly 62,000 juvenile abalone have been introduced at restoration sites in the san juan archipelago (sja) through a long-term partnership with washington department of fish & wildlife, noaa, tribes, and universities. The goal is to use healthy, genetically diverse hatchery reared juvenile abalone to create aggregations in the wild that develop into sustainably reproducing populations. Outplant data analyzed in 2018 documented a 97% decline in the population at index stations 1994-2017.
$546,571 spent21% of program spendingConservation hatchery - operated a conservation hatchery established with noaa under the auspices of the washington shellfish initiative. Established in 2013, the kenneth k chew center for shellfish research and restoration serves as a hub for propagating and restoring native species and developing strategies to mitgate the impacts to marine resources due to ocean acidification. The hatchery is operated by Puget Sound Restoration Fund at the noaas manchester research station in manchester, wa through a cooperative research and development agreement. Hatchery and nursery operations included maintaining microalgae culture, producing and rearing olympia oysters and pinto abalone for restoration outplants, propagating kelp seed to help regrow kelp forests, adaptively managing conservation protocols to ensure genetic diversity, and conducting research on ocean acidification and other stressors affecting shellfish populations.
$203,495 spent8% of program spendingOther small programs
$1,084,950 spent41% of program spending
The 4 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $2,639,741.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 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.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2020 to 2021, from $1.5M to $3.5M (+131%).
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.
Government-grant reliance: 2017 23% · 2018 55% · 2019 52% · 2020 61% · 2021 26% · 2022 60% · 2023 59% · 2024 63%. Grants only. Government contracts and fees sit inside program revenue.
91% of PUGET SOUND RESTORATION FUND’s revenue is contributions — more donation-reliant than the typical peer (88% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 3 of the last 8 reported years ran a deficit.
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
Jodie Toft
Executive director
As listed on its FY2024 Form 990.
The chief executive listed changed between the FY2023 and FY2024 filings.
Who funds it, year by year
2017 → 2023: the base broadened from 14 funders to 23 funders, grant income rose $757k → $1.3M.
13 of 47 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 21% 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 PUGET SOUND RESTORATION FUND’s funders (the co-funder graph). Top 30 of 47 funders by total. 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
PUGET SOUND RESTORATION FUND leans on a few funders — its largest provides 40% of grant income and the top three 65%; half comes from just 2 funders.
the vertical line marks half of all grant income — 2 funders to its left
Largest funder’s share by year: 2017 61% · 2018 69% · 2019 68% · 2020 20% · 2021 69% · 2022 55% · 2023 52% — diversifying over time.
“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
37% of PUGET SOUND RESTORATION FUND's funders are still giving 3 years after their first grant; 62% give in more than one year at all.
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
62% of PUGET SOUND RESTORATION FUND's grant income comes from Washington funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $1.3M arriving through sponsors registered in 10 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.
Against its field
PUGET SOUND RESTORATION FUND holds deeper cash reserves than three-quarters of the 2,187 environment nonprofits its size.
this organization peer median middle 50% of peers· 2,187 environment nonprofits $1M–$10M, FY2024
Government funding PUGET SOUND RESTORATION FUND receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $1.5M on record.
- Department of Commerce$935k
- Department of Defense$559k
Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.
Organizations like PUGET SOUND RESTORATION FUND
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 Washington
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
90% of spending goes to programs.
Governance
Public support
82%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Screen this organization
A dated, signed PDF of the compliance screen for PUGET SOUND RESTORATION FUND: 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.
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 PUGET SOUND RESTORATION FUND?
- PUGET SOUND RESTORATION FUND (Washington) receives grants from 47 organizations whose IRS filings report $6,117,361 to it, the largest being ALLEN FAMILY PHILANTHROPIES ($2,462,191). 29 of them have funded it in more than one year.
- How many funders does PUGET SOUND RESTORATION FUND have?
- IRS filings report 47 organizations giving $6,117,361 in grants to PUGET SOUND RESTORATION FUND, 29 of which have funded it in more than one year.
- Who is the largest funder of PUGET SOUND RESTORATION FUND?
- ALLEN FAMILY PHILANTHROPIES is the largest funder on record, with $2,462,191 in grants. The full list of funders is on this page.
- How can an organization like PUGET SOUND RESTORATION FUND find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Washington. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds Puget Sound Restoration →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 47 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 22, 2026. What this page cannot tell you · view filing