EIN 74-3171967

Headwaters Economics

IRS 501(c) type
501(c)(3)
Num. employees
14
City
Bozeman
State
Year formed
2006
Most recent tax filings
2023-12-01
Description
Headwaters Economics, Inc. operates as an independent, nonprofit research group with the mission to enhance community development and land management decisions. Patricia Hernandez manages the organization while it is situated in Bozeman, MT.
Total revenues
$3,166,391
2023
Total expenses
$2,852,439
2023
Total assets
$3,064,344
2023
Num. employees
14
2023

Program areas at Headwaters Economics

Headwaters Economics staff delivered more than 60 public talks, briefings, and presentations to the public, elected officials, agencies, and others, reaching audiences of more than 6,000 throughout the year. Six newsletters were published in 2023 and Headwaters research and experts were featured in more than 1,800 media stories. In addition, Headwaters Economics produced original research, data visualizations, videos, and reports on topics related to its core mission.EquityDisadvantaged populations are more likely to experience adverse social, health, and economic outcomes due to race, age, gender, poverty status, and other socioeconomic measures. In addition, understanding the impacts of climate change is important to reducing vulnerabilities and building resilient communities and economies. Projects in 2023 included:Analysis of how match requirements in federal grant programs prevent rural and low-capacity communities from accessing climate resilience funding. Research showing how flooding has unequal impacts due to social and economic factors, disproportionately impacting Latinos in the United States.Updates to the Rural Capacity Mapan interactive map to identify communities where investments in staffing and expertise are needed to support infrastructure and resilience projects. Updates included filling data gaps and adding Tribal Areas.Hosted and maintained Neighborhoods at Risk, a free online mapping tool to help communities find neighborhoods where people are more likely to be impacted by climate change due to hazard exposure and socioeconomic factors.Outdoor Recreation & Public LandsPublic lands and access to trails and outdoor recreation are important to local economies, attracting businesses and drawing in new residents and visitors. Our research analyzes the scope and scale of the outdoor recreation economy and how communities can benefit from trails and protected lands. Projects in 2023 included:Analysis of how new methods for measuring trail use through novel data sources like fitness trackers could transform how outdoor recreation is developed and managed. Maintained and updated data visualizations with information about visitation to and economic impacts of national parks and the scale of outdoor recreation economy by state.Hosted and upgraded user interfaces for three free, web-based tools for federal land management agencies, including the U.S. Fish & Wildlife Service Socioeconomic Profile Tool, the Bureau of Land Management Socioeconomic Profile Tool, and the U.S. Forest Service Socioeconomic Profile Tool. These tools are designed to help government agency land managers, economists, planners, citizens, and others explore socioeconomic conditions near federal land management units.Natural HazardsWildfires, floods, and other climate-related disasters are becoming more extensive and costly as the climate changes. Our research helps communities understand where people may be vulnerable and how to reduce risk. Projects in 2023 included:Technical assistance in 16 communities to help reduce the risks of wildfire and floods. Independent analyses of hazard-focused federal funding programs (including FEMAs Building Resilient Infrastructure and Communities (BRIC) grants and USDA Forest Services Community Wildfire Defense Grants (CWDG)) to examine whether they are meeting program goals and reaching communities most in need.In-person testimony to the Senate Banking, Housing, and Urban Affairs Committee on the renewal of the National Flood Insurance Program.Research and case studies highlighting how Midwest communities are decreasing flood risk with regional collaborations. Report about how wildfire funding does not always go to the most effective risk-reduction activities.Contributions to the Federal Wildfire Mitigation and Management Commissions recommendations. Creation of a dashboard to help communities find necessary data for Community Wildfire Defense Grant (CWDG) applications.Updated and maintained data visualizations that provide data about the number of structures lost to wildfire and the causes of wildfire. Produced a video, Building for Wildfire, featuring a homeowner who lost a home to wildfire and rebuilt with wildfire in mind.Economic DevelopmentAs the economy changes, understanding major drivers of change is critical to making sound decisions about how to improve economic performance. Projects in 2023 included:Detailed report on The Amenity Trap: How high-amenity communities can avoid being loved to death, detailing approaches for housing, infrastructure, fiscal policy, and adaptation to climate-driven hazards for recreation destinations. Hosted and updated the online Economic Profile System (EPS) with the latest statistics from more than a dozen federal data sources. This free online tool produces customized socioeconomic reports for communities, counties, tribal areas, states, and regions.

Who funds Headwaters Economics

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Margaret A Cargill FoundationScaling Up Community Assistance for Flooding$400,000
Water FoundationWater Access and Conservation$200,000
Wilburforce FoundationEnvironmental$180,000
...and 11 more grants received

Personnel at Headwaters Economics

NameTitleCompensation
Patricia HernandezExecutive Director$166,598
Carmen McSpaddenPresident$0
Kelly PohlSecretary and Treasurer$134,325
Patty HernandezTreasurer and Sec.$123,866
Ray RaskerExecutive Dir.$162,922
...and 2 more key personnel

Financials for Headwaters Economics

RevenuesFYE 12/2023
Total grants, contributions, etc.$3,053,249
Program services$66,439
Investment income and dividends$39,807
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$6,896
Total revenues$3,166,391

Form 990s for Headwaters Economics

Fiscal year endingDate received by IRSFormPDF link
2023-122024-06-10990View PDF
2022-122023-04-25990View PDF
2021-122022-04-12990View PDF
2020-122021-05-21990View PDF
2019-122020-11-02990View PDF
...and 9 more Form 990s

Organizations like Headwaters Economics

OrganizationLocationRevenue
Institute for Applied EcologyCorvallis, OR$6,684,486
The Water Institute of the GulfBaton Rouge, LA$14,889,801
EquilibriumLittle Rock, AR$935,200
San Francisco Estuary InstituteRichmond, CA$13,822,849
Savanna InstituteMadison, WI$2,591,686
Stroud Water Research CenterAvondale, PA$8,604,154
Upper Colorado Environmental Plant CenterMeeker, CO$911,264
Cary Institute of Ecosystem StudiesMillbrook, NY$7,403,819
Center for Coastal StudiesProvincetown, MA$6,311,067
Chesapeake Research ConsortiumEdgewater, MD$2,355,292
Data update history
August 17, 2024
Posted financials
Added Form 990 for fiscal year 2023
August 10, 2024
Used new vendors
Identified 2 new vendors, including , and
July 12, 2024
Received grants
Identified 9 new grant, including a grant for $400,000 from Margaret A Cargill Foundation
December 25, 2023
Received grants
Identified 4 new grant, including a grant for $180,000 from Wilburforce Foundation
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
Research centersEnvironmental organizationsCharities
Issues
Science and technologyLand and water conservationEnvironmentCommunity improvementPublic policy
Characteristics
Political advocacyConducts researchState / local levelReceives government fundingTax deductible donationsAccepts online donations
General information
Address
PO Box 7059
Bozeman, MT 59771
County
Gallatin County, MT
Website URL
headwaterseconomics.org/ 
Phone
(406) 599-7425
Twitter profile
@headecon 
IRS details
EIN
74-3171967
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2006
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
C34: Land Resources Conservation
NAICS code, primary
5417: Scientific Research and Development Services
Parent/child status
Independent
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