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Tennessee · Nonprofit

Wetlands America Trust Inc

Wetlands America Trust Inc (Tennessee) receives grants from 3 organizations whose IRS filings report $57,410 to it, the largest being ZYNE FAMILY FOUNDATION INC ($40,000). 2 of them have funded it in more than one year.

Revenue FY2025
$19M
Funders on record
3
Grants received
$57k
Net assets
$88M
2/3 repeat funderspeak grant-dependency 0%
01What it does

What Wetlands America Trust Inc does

Mission

Wetlands america trust, inc. Is a nonprofit organization formed in 1985 to expand ducks unlimited, inc's mission to provide leadership in the protection of the natural balance of wetlands ecosystems ensuring the future viability of waterfowl and other wetland wildlife in north america. The trust operates exclusively for the benefit of du and compliments du's domestic habitat programs in harmony with du's conservation priorities. The trust is also a fiduciary for du and manages endowments and revolving funds. Du is the sole member of the trust.

As stated on its FY2025 Form 990.

Programs

  1. Perpetual conservation easements are secured on wetlands and associated upland habitats important to sustaining north american waterfowl populations. Wetlands america trust, inc.'s easements are designed primarily to maintain open space by limiting subdivision and structure creation and to prevent detrimental land-use conversion of habitat ecologically significant to waterfowl. Ducks unlimited inc. And wetlands americas trust, inc. Enforce and annually monitor the terms of each easement to ensure that secured conservation values are maintained in perpetuity.

    $21,290,523 spentof which $6,040,973 as grants
    97% of program spending
  2. In addition to securing conservation easements, a portfolio of fee-title properties is also maintained. Generally, wetlands america trust, inc.'s land acquisition strategy serves to protect important waterfowl habitat under imminent threat of detrimental land-use conversion when conservation easements are not an option. Once acquired, waterfowl habitat on the property is restored and rehabilitated. After necessary restorations are complete, properties are disposed to public agencies or conservation buyers after proper steps have been made to ensure perpetual protection of the properties' conservation values.

    $586,000 spent$-1,593,843 earned by the program
    3% of program spending

The 2 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $21,876,523.

02The organization over time

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.

100 = 20172017 Revenue 100 ($34M) Expenses 100 ($26M) Net assets 100 ($69M)2018 Revenue 55 ($19M) Expenses 81 ($21M) Net assets 98 ($67M)2019 Revenue 100 ($34M) Expenses 130 ($33M) Net assets 100 ($69M)2020 Revenue 26 ($8.9M) Expenses 50 ($13M) Net assets 94 ($65M)2021 Revenue 360 ($123M) Expenses 411 ($105M) Net assets 126 ($87M)2022 Revenue 15 ($5.1M) Expenses 13 ($3.3M) Net assets 123 ($84M)2023 Revenue 43 ($15M) Expenses 50 ($13M) Net assets 127 ($87M)2024 Revenue 32 ($11M) Expenses 20 ($5.0M) Net assets 131 ($90M)2025 Revenue 57 ($19M) Expenses 85 ($22M) Net assets 128 ($88M)
'17'18'19'20'21'22'23'24'25
Revenue (57)Expenses (85)Net assets (128)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 2020 to 2021, from $131M to $183M (+40%).

$119M
$128M
$144M
$131M
$183M
$176M
$177M
$198M
$201M
'17'18'19'20'21'22'23'24'25
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.

2017
2018
2019
2020
2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

83% of Wetlands America Trust Inc’s revenue is contributions — about as donation-reliant as the typical peer (87% for the typical peer).

This organization
Typical peer · 360 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 3 of the last 9 reported years ran a deficit.

$8.7M
’17
−$1.8M
’18
$1.1M
’19
−$3.8M
’20
$18M
’21
$1.8M
’22
$1.8M
’23
$6.0M
’24
−$2.4M
’25
0.5
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.

Board chair

Steve Maritz

Chairman

As listed on its FY2025 Form 990.

'17'18'19'20'21'22'23'24'25
Listed353638433941114110
Joined·+2+3+5+2+4+0+30+0
No longer listed·1106230031
03Who funds it

Who funds it, year by year

2022 → 2023: the base held at 1 funder, grant income rose $2k → $5k.

From the IRS filings of Wetlands America Trust Inc’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

Wetlands America Trust Inc leans on a few funders — its largest provides 70% of grant income and the top three 100%; half comes from just 1 funder.

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

70%
largest funder
100%
top three
~2
effective funders

Largest funder’s share by year: 2022 100% · 2023 100% — broadly stable.

“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.

Where its funders are

Wetlands America Trust Inc draws 100% of its grant income from funders outside Tennessee, across 3 states in all.

AL
GA
FL

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

’22
’23
Tennessee out of state home

Funder states come from each funder’s own filing. 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

Wetlands America Trust Inc's funding has concentrated — grant income rose while the number of funders held roughly flat.

Operating margin−12% · bottom quartile
Months of reserve0.5mo · bottom quartile
Revenue growth (annualized)−7% · bottom quartile

this organization peer median middle 50% of peers· 195 environment nonprofits $10M–$100M, FY2025

Organizations like Wetlands America Trust Inc

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 Tennessee

Nationally

05Profile & governance

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

Where the money goes

100% of spending goes to programs.

Program 100%Management 0%Fundraising 0%

Governance

7
board members
86%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention✓Board reviewed the 990✓Audited financials

Footprint & structure

Files a return copy in 22 states

ND
MN
IL
MI
NY
MA
OR
PA
NJ
CA
KY
VA
MD
KS
AR
TN
NC
SC
OK
MS
AL
GA

Part of a family of 2 related entities

  • Ducks Unlimited Inc · exempt
  • Ducks Unlimited Group Return · exempt

Screen this organization

A dated, signed PDF of the compliance screen for Wetlands America Trust Inc: 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 Wetlands America Trust Inc?
Wetlands America Trust Inc (Tennessee) receives grants from 3 organizations whose IRS filings report $57,410 to it, the largest being ZYNE FAMILY FOUNDATION INC ($40,000). 2 of them have funded it in more than one year.
How many funders does Wetlands America Trust Inc have?
IRS filings report 3 organizations giving $57,410 in grants to Wetlands America Trust Inc, 2 of which have funded it in more than one year.
Who is the largest funder of Wetlands America Trust Inc?
ZYNE FAMILY FOUNDATION INC is the largest funder on record, with $40,000 in grants. The full list of funders is on this page.
How can an organization like Wetlands America Trust Inc find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Tennessee. 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 2017–2025), and the filings of 3 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