EIN 91-1773965

Puget Sound Restoration Fund

IRS 501(c) type
501(c)(3)
Num. employees
20
Year formed
1997
Most recent tax filings
2022-12-01
Description
Puget Sound Restoration Fund restores habitat, water quality and native species through abalone recovery and operating a conservation hatchery.
Total revenues
$1,782,910
2022
Total expenses
$2,548,869
2022
Total assets
$2,690,413
2022
Num. employees
20
2022

Program areas at Puget Sound Restoration Fund

Kep monitoring initiative:continued a three-year, comprehensive kelp forest monitoring initiative with a grant from the paul g. allen family foundation. The eyes on kelp initiative establihes underwater monitoring at 14 index sites throughout the southern salish sea, spanning a range of environmental conditions and human use impacts. Program components include: conducting underwater ecological monitoring with scientific divers; deploying sensors on buoys and at depth at all sites to measure environmental parameters; training recreational divers to conduct surveys using the same protocols at additional sites; and piloting new technology at a demonstration site to provide near-real time kelp monitoring capabilities. The initiative is designed to build critical knowledge about Puget sounds kelp forests to support conservation and recovery efforts. *$1,678,000 received in 2021
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, and beginning a genetics assessment. 2020-2022, psrf successfully grew 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. In 2022, we continued equipping our kelp lab to expand Restoration capabilities and support a long-term archive of genetic material from over 20 kelp forests in Puget Sound.
Conservation 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. 2022 hatchery and nursery operations included maintaining microalgae culture, producing and rearing olympia oysters and pinto abalone for Restoration outplants, propagating kelp seed to help re-grow kelp forests, adaptively managing conservation protocols to ensure genetic diversity, and conducting research on ocean acidification and other stressors affecting shellfish populations.
Other small programs
Abalone recovery - continued managing a pinto abalone conservation breeding program in 2022 by producing and rearing genetically diverse abalone in the hatchery and then outplanting juvenile abalone at Restoration sites to help recover severly 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. As of december 2022, 45,000 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 develope into sustainably reproducing populations. Outplant data analyzed in 2018 documented a 97% decline in the population at index stations 1994-2017.

Who funds Puget Sound Restoration Fund

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Paul G. Allen Family FoundationTo Support Puget Sound Kelp Monitoring: Ecological Index Sites$534,169
Builders Initiative FoundationTo Support Restorative Aquaculture and Climate Resiliency Innovations for the Coastal Communities of Puget Sound.$193,300
The Nature ConservancyConservation Activities$71,974
...and 23 more grants received totalling $1,014,460

Personnel at Puget Sound Restoration Fund

NameTitleCompensation
Elizabeth K PeabodyExecutive Director$139,734
Jay ManningPresident / Director$0
Molly AdolfsonVice - President / Vice President$0
Jodie ToftDeputy Director$105,000
Steve AndersonTreasurer / President$0
...and 2 more key personnel

Financials for Puget Sound Restoration Fund

RevenuesFYE 12/2022
Total grants, contributions, etc.$1,690,719
Program services$0
Investment income and dividends$18,280
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$45,140
Net income from gaming activities$0
Net income from sales of inventory$28,771
Miscellaneous revenues$0
Total revenues$1,782,910

Form 990s for Puget Sound Restoration Fund

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-15990View PDF
2021-122022-11-15990View PDF
2020-122021-11-15990View PDF
2019-122021-05-05990View PDF
2019-122021-04-01990View PDF
...and 11 more Form 990s

Organizations like Puget Sound Restoration Fund

OrganizationLocationRevenue
East Hampton Village FoundationEast Hampton, NY$752,357
Braided RiverSeattle, WA$1,149,523
Milwaukee Parks FoundationMilwaukee, WI$1,587,577
1 for the PlanetBurlington, VT$7,558,776
Natural Land InstituteRockford, IL$1,487,145
Monmouth Conservation Foundation (MCF)Middletown, NJ$518,404
Frontera FundsMcallen, TX$1,173,837
Huron Pines Resource Conservation and Development CouncilGaylord, MI$5,111,858
Five Valleys Land Trust (FVLT)Missoula, MT$5,595,959
Pennsylvania Environmental Council (PEC)Pittsburgh, PA$3,902,381
Data update history
July 9, 2024
Received grants
Identified 13 new grant, including a grant for $534,169 from Paul G. Allen Family Foundation
January 9, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 8, 2024
Updated personnel
Identified 3 new personnel
October 26, 2023
Received grants
Identified 3 new grant, including a grant for $43,000 from Benjamin and Margaret Hall Foundation
July 16, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
Grantmaking organizationsSocial advocacy organizationsEnvironmental organizationsCharities
Issues
HealthEnvironmentDiseases and disorders
Characteristics
Fundraising eventsState / local levelReceives government fundingTax deductible donationsAccepts online donations
General information
Address
8001 Ne Day Rd Ste B
Bainbridge Island, WA 98110
Metro area
Bremerton-Silverdale-Port Orchard, WA
County
Kitsap County, WA
Website URL
restorationfund.org/ 
Phone
(206) 780-6947
Facebook page
puget-sound-restoration-fund 
IRS details
EIN
91-1773965
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1997
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
C12: Environment Fund Raising and Fund Distribution
NAICS code, primary
813312: Environment, Conservation, and Wildlife Organizations
Parent/child status
Independent
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