EIN 91-1773965

Puget Sound Restoration Fund

IRS 501(c) type
501(c)(3)
Num. employees
25
Year formed
1997
Most recent tax filings
2023-12-01
Description
Puget Sound Restoration Fund restores habitat, water quality and native species through abalone recovery and operating a conservation hatchery.
Total revenues
$3,466,875
2023
Total expenses
$2,104,361
2023
Total assets
$4,138,661
2023
Num. employees
25
2023

Program areas at Puget Sound Restoration Fund

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.
Abalone recovery - continued managing a pinto abalone conservation breeding program 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. Through december 2023, nearly 50,000 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.
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. 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.
Other small programs

Who funds Puget Sound Restoration Fund

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Builders Initiative FoundationTo Expand Olympia Oyster, Pinto Abalone, and Bull Kelp Restoration in Puget Sound$560,000
Paul G. Allen Family FoundationTo Support Puget Sound Kelp Monitoring: Ecological Index Sites$309,131
Builders Initiative FoundationTo Support Restorative Aquaculture and Climate Resiliency Innovations for the Coastal Communities of Puget Sound.$99,960
...and 23 more grants received totalling $1,253,475

Personnel at Puget Sound Restoration Fund

NameTitleCompensation
Betsy PeabodyFounder and Director Emeritus
Jodie ToftExecutive Director$105,000
Josh BoumaAbalone Program Director and Port Madison Community Shellfish Farm Manager
Hilary HayfordHabitat Program Research Director
Ryan CrimHatchery Director
...and 6 more key personnel

Financials for Puget Sound Restoration Fund

RevenuesFYE 12/2023
Total grants, contributions, etc.$3,366,549
Program services$0
Investment income and dividends$14,378
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$75,402
Net income from gaming activities$0
Net income from sales of inventory$10,546
Miscellaneous revenues$0
Total revenues$3,466,875

Form 990s for Puget Sound Restoration Fund

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-14990View PDF
2022-122023-11-15990View PDF
2021-122022-11-15990View PDF
2020-122021-11-15990View PDF
2019-122021-05-05990View PDF
...and 12 more Form 990s

Organizations like Puget Sound Restoration Fund

OrganizationLocationRevenue
1 for the PlanetBurlington, VT$7,558,776
Natural Land InstituteRockford, IL$1,487,145
Catawba Riverkeeper FoundationMC Adenville, NC$1,575,586
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
OpenlandsChicago, IL$8,069,742
New Jersey Conservation FoundationFar Hills, NJ$6,092,245
Delaware Nature SocietyHockessin, DE$4,909,855
Lakes Environment Association (LEA)Bridgton, ME$1,386,645
Data update history
January 5, 2025
Posted financials
Added Form 990 for fiscal year 2023
November 3, 2024
Updated personnel
Identified 2 new personnel
October 23, 2024
Received grants
Identified 7 new grant, including a grant for $30,000 from Tortuga Charitable Foundation
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
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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