2025-11-15T07:17:29-06:00 2024-12-31 410746749 CLIFTONLARSONALLEN LLP 1145 BROADWAY SUITE 1300 TACOMA WA 98402 990 2024-01-01 911937417 WASHINGTON WATER TRUST WASH 2066751585 1500 WESTLAKE AVE N 202 SEATTLE WA 98109 JAMES KRAFT EXECUTIVE DIRECTOR 2066751585 2025-11-13 1 1 ROSALINDA MARIKAR CPA P01684134 2532721555 2025-11-10 2024 2025-03-06 01:10:19Z JAMES KRAFT 1500 WESTLAKE AVE N 202 SEATTLE WA 98109 4827763 0 X HTTPS://WWW.WASHINGTONWATERTRUST.ORG/ X 1998 WA WWT'S MISSION IS TO PROTECT AND RESTORE WATER IN RIVERS AND STREAMS ACROSS WASHINGTON STATE. WASHINGTON WATER TRUST RESTORES AND PROTECTS WATER IN RIVERS AND STREAMS AND PROMOTES SUSTAINABLE FRESHWATER MANAGEMENT IN WASHINGTON, AND, MORE RECENTLY, IN STRATEGIC WATERSHEDS IN OREGON USING A COLLABORATIVE APPROACH. THE OUTCOME WE SEEK IS HEALTHY RIVER HABITAT THAT SUPPORTS FISH AND WILDLIFE, PUBLIC RECREATION AND A BETTER QUALITY OF LIFE. 15 15 18 19 0 0 1067315 260982 2741469 2265043 8452 62317 0 4321 3817236 2592663 0 0 0 0 1235757 1313111 0 0 113435 2040933 2272066 3276690 3585177 540546 -992514 2923469 2225116 251199 306359 2672270 1918757 X WWT'S MISSION IS TO PROTECT AND RESTORE WATER IN RIVERS AND STREAMS ACROSS WASHINGTON STATE. WASHINGTON WATER TRUST RESTORES AND PROTECTS WATER IN RIVERS AND STREAMS AND PROMOTES SUSTAINABLE FRESHWATER MANAGEMENT IN WASHINGTON, AND, MORE RECENTLY, IN STRATEGIC WATERSHEDS IN OREGON USING A COLLABORATIVE APPROACH. THE OUTCOME WE SEEK IS HEALTHY RIVER HABITAT THAT SUPPORTS FISH AND WILDLIFE, PUBLIC RECREATION AND A BETTER QUALITY OF LIFE. 0 0 2693873 0 2265043 SEE SCHEDULE OWWT KEEPS WATER IN STREAM THROUGHOUT WASHINGTON STATE USING A NUMBER OF STRATEGIES. WATER RIGHTS PROGRAM: WE LEASE AND BUY WATER FROM WATER RIGHTS HOLDERS, TEMPORARILY OR PERMANENTLY TO LEAVE INSTREAM, TO IMPROVE AND PROTECT FLOWS, ESPECIALLY DURING PERIODS THAT ARE CRITICAL TO THE SURVIVAL OF IMPERILED SALMON AND STEELHEAD. WASHINGTON WATER TRUST ALSO WORKS TO DEVELOP INNOVATIVE SOLUTIONS WITH WATER RIGHTS HOLDERS WHO ARE LOOKING FOR A MORE COST-EFFECTIVE WAYS TO USE THEIR WATER. DRAWING FROM AN EXTENSIVE NETWORK OF PARTNERSHIPS WITH AGRICULTURAL PRODUCERS, CONSERVATION DISTRICTS, IRRIGATION DISTRICTS, LAND TRUSTS, LANDOWNERS, LEGAL EXPERTS, HYDROGEOLOGISTS, STATE AGENCIES AND OTHER STAKEHOLDERS, AS WELL AS WITH SOVEREIGN TRIBES, WASHINGTON WATER TRUST IS ABLE TO BRING TO THE TABLE BALANCED, MUTUALLY BENEFICIAL IDEAS THAT ARE PROVEN TO WORK.WATER RIGHTS ACQUISITION AND TRANSFERIN WASHINGTON, WATER RIGHTS REPRESENT LEGAL AUTHORITY GRANTED BY THE STATE GOVERNMENT FOR WATER RIGHT HOLDERS TO WITHDRAW SURFACE OR GROUND WATER FOR MULTIPLE USES. WATER RIGHTS IDENTIFY THE SOURCE OF WATER WITHDRAWAL, HOW IT MAY BE USED, WHEN IT CAN BE DIVERTED, HOW MUCH CAN BE DIVERTED, AND ITS SENIORITY RELATIVE TO OTHER WATER RIGHT IN THE SAME WATERSHED. IF WATER IS EVER IN SHORT SUPPLY, AN INDIVIDUAL HOLDING A "SENIOR" WATER RIGHT MAY BE THE ONLY ONE ABLE TO DRAW WATER FROM THIS SOURCE. THE RIGHT TO USE WATER MAY BE TRANSFERRED FROM ONE USER TO ANOTHER, AND RIGHTS CAN BE BOUGHT AND SOLD. ACQUISITION IS AN IMPORTANT TOOL FOR STREAMFLOW RESTORATION BECAUSE WATER RIGHTS MAY ALSO BE PURCHASED AND TRANSFERRED TO THE STATE TRUST WATER PROGRAM WHERE THEY CAN BE PROTECTED AGAINST WITHDRAWAL FOR FLOW RESTORATION. WASHINGTON WATER TRUST ENGAGES IN THE PURCHASE, LEASE, AND SALE OF SENIOR WATER RIGHTS IN PRIORITY BASINS AS A STRATEGY TO BENEFIT FLOW AND HABITAT. FOR MORE DETAIL ON WATER RIGHTS AND THE PROCESS OF ACQUISITION AND TRANSFER, SEE WASHINGTON WATER TRUST'S WEBSITE.WATER BANKINGWATER BANKING REPRESENTS A MANAGEMENT TOOL TO PROVIDE FLEXIBILITY TO WATER USERS. MANY REGIONS OF WASHINGTON HAVE POPULATIONS AND ASSOCIATED WATER USES THAT HAVE GROWN TO CAPACITY; THERE THE STATE MAY DETERMINE THAT IN THE ABSENCE OF OFFSETTING MITIGATION, NO NEW WATER RIGHTS CAN BE CREATED BECAUSE RIVERS AND AQUIFERS ARE BECOMING DANGEROUSLY LOW. NEW REQUESTS TO START USING WATER, E.G., TO PROVIDE FOR A NEWLY BUILT HOME, NEED TO MITIGATE FOR THIS USE BY FINDING AN EXISTING WATER RIGHT (OR USE) THAT CAN BE RETIRED. WATER BANKS OR EXCHANGES IN AREAS OF WATER SCARCITY, PROVIDE A MECHANISM TO BUY SENIOR WATER RIGHTS AND SELL THEM TO NEW WATER USERS THAT BOTH HELP PROTECT SURFACE WATER FLOWS IN RIVERS AND STREAMS AND PROVIDE FOR SUSTAINABLE GROWTH. WASHINGTON WATER TRUST OPERATES THE DUNGENESS WATER EXCHANGE IN THE DUNGENESS WATERSHED. FOR MORE DETAIL, SEE WASHINGTON WATER TRUST'S WEBSITE.CONSULTATION: WATER MANAGEMENT ALTERNATIVES, RECYCLED WATER, AND WATER RIGHTS ASSESSMENTSWATER RIGHTS IN THE WESTERN UNITED STATES ARE MULTI-DIMENSIONAL, AND CRITICAL TO ECOLOGY AND THE ECONOMY. WASHINGTON WATER TRUST WORKS WITH WATER RIGHT HOLDERS, E.G., PROPERTY OWNERS, FARMERS, IRRIGATION DISTRICTS, AND LOCAL AND STATE GOVERNMENTS, TO PROVIDE A THOROUGH UNDERSTANDING OF THEIR WATER RIGHTS. DEVELOPING WATER MANAGEMENT ALTERNATIVES, INCLUDING THE USE OF RECYCLED WATER, MEANS WORKING WITH DIVERSE AND OFTEN COMPETING INTERESTS TO FIND SOLUTIONS THAT CAN WORK FOR ALL. SOLUTIONS MAY INCLUDE FINDING EFFICIENCIES IN HOW WATER IS USED, CHANGING WHERE WATER IS SOURCED, FINDING NEW WAYS TO STORE WATER AND CHANGING WHERE WATER IS SOURCED.EMERGENCY DROUGHT INITIATIVESDURING PERIODS OF DROUGHT WHICH ARE BECOMING INCREASINGLY COMMON, THE IMPACTS ON THE STATE'S RIVERS AND STREAMS CAN BE DEVASTING. TO ADDRESS THESE CONDITIONS, WASHINGTON WATER TRUST ENGAGES IN DROUGHT PROGRAMS THAT KEEP WATER INSTREAM DURING HOT DRY SUMMER MONTHS. FOR EXAMPLE, WASHINGTON WATER TRUST HAS INSTITUTED A DRY YEAR LEASING PROGRAM IN THE DUNGENESS WATERSHED. UNDER THIS PROGRAM, WASHINGTON WATER TRUST NEGOTIATES SHORT TERM LEASES FROM WILLING IRRIGATORS AND AGREEMENTS UNDER WHICH IRRIGATION DISTRICTS JOINTLY AGREE TO STOP DIVERTING WATER DURING CRITICAL LOW FLOW PERIODS. THESE LEASES AND AGREEMENTS RESULT IN LOWER DIVERSIONS AND HIGHER INSTREAM FLOWS THAT BENEFIT THE WATERSHED AND SALMON AND STEELHEAD. 2693873 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 19 0 1 18 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 15 15 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 0 1 1 0 X X JAMES KRAFT 2066751585 1500 WESTLAKE AVE N SEATTLE WA 98109 WILL STELLE PRESIDENT 2.00 X X 0 0 0 AMANDA CRONIN PRESIDENT ELECT 1.00 X X 0 0 0 CHRISTIE TRUE VICE PRESIDENT 0.50 X X 0 0 0 MITCH BATEMAN TREASURER 0.25 X X 0 0 0 SUSAN O'NEIL SECRETARY 0.25 X X 0 0 0 SUZANNE SKINNER SECRETARY THRU 10/2024 0.25 X X 0 0 0 LORRI BODI MEMBER 0.25 X 0 0 0 BEN EICKHOFF MEMBER 1.00 X 0 0 0 SONO HASHISAKI MEMBER 0.25 X 0 0 0 JESSICA KUCHAN MEMBER 0.25 X 0 0 0 JESSICA LEVIN MEMBER 0.00 X 0 0 0 ROB LOTHROP MEMBER 0.25 X 0 0 0 DANI MADRONE MEMBER 0.25 X 0 0 0 STEVE MALLOCH MEMBER 0.50 X 0 0 0 KIM MUELLER MEMBER 0.25 X 0 0 0 ALAN REICHMAN MEMBER 0.25 X 0 0 0 TOM RING MEMBER 0.50 X 0 0 0 AMY TRAINER MEMBER 0.00 X 0 0 0 LA TRISHA SUGGS MEMBER 0.25 X 0 0 0 JAMES KRAFT EXECUTIVE DIRECTOR 40.00 X 124542 0 3750 JASON HATCH PROGRAM DIRECTOR 40.00 X 115093 0 18224 GREGORY MCLAUGHLIN PROGRAM DIRECTOR 40.00 X 116397 0 17890 356032 0 39864 3 0 0 0 CHELAN COUNTY TREASURER PO BOX 1441 WENATCHEE WA 98807 COIC PIPELINE 1250000 CITY OF WALLA WALLA 581 MILL CREEK ROAD WALLA WALLA WA 99362 WATER ACQUISITION 159710 MAPLE VIEW FARM LLC 373 SCHMUCK ROAD SEQUIM WA 98382 WATER ACQUISITION 120406 CLIFTONLARSONALLEN CPA 220 S 6TH STREET ST 300 MINNEAPOLIS MN 55402 ACCOUNTING/CONSULTING 104410 4 9202 16500 235280 15253 260982 WATER RIGHT PROGRAM 900099 2265043 2265043 2265043 62317 62317 2219550 2219550 0 16516 9202 15066 1450 1450 2855 484 2371 2371 MISCELANEOUS INCOME 900099 500 500 500 2592663 2265043 0 66638 128292 75693 43619 8980 978438 573227 331296 73915 33124 19408 11216 2500 82186 48188 27841 6157 91071 53397 30851 6823 13014 3826 9188 177895 52299 125596 74821 17472 49436 7913 29183 1322 25139 2722 45916 45916 35831 29159 4599 2073 6007 4888 771 348 6 6 10456 10456 2080 2080 WATER RIGHT PROGRAM 1796340 1796340 TELECOMMUNICATIONS 22342 4375 17967 DUES AND SUBSCRIPTIONS 10903 7819 2765 319 FUNDRAISING AND DEVELOP 6657 490 4525 1642 40615 5970 34602 43 3585177 2693873 777869 113435 235202 204476 1843161 1059799 94000 799712 424221 2779 2779 36421 22197 20422 14224 254707 22193 170910 2923469 2225116 151835 133871 99364 172488 251199 306359 X 420412 498250 2251858 1420507 2672270 1918757 2923469 2225116 -992514 239001 0 X 0 1 X 1 0 X 455244 250761 1851150 1067315 260982 3885452 1067299 1394441 1011196 2741469 2265043 8479448 1522543 1645202 2862346 3808784 2526025 12364900 10000 26504 36504 738463 2022960 1909262 4670685 748463 2022960 1935766 4707189 7657711 811 562 1461 8452 62317 73603 811 562 1461 8452 62317 73603 3821 3821 500 500 1523354 1645764 2863807 3817236 2592663 12442824 0.61540 0.75650 0.00590 0.00110 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: MISC INCOME - 2024 AMOUNT: $ 500. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 36421 22197 14224 14224 RIGHT OF USE ASSETS 170910 170910 LEASE LIABILITIES 172488 172488 X 2600778 1265 1265 2599513 -6850 -6850 2592663 3593292 1265 1265 3592027 -6850 -6850 3585177 PART X, LINE 2: THE TRUST IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AND THEREFORE, NO PROVISION FOR INCOME TAX IS INCLUDED. THE TRUST FOLLOWS GAAP, WHICH PRESCRIBE A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. FOR THOSE BENEFITS TO BE RECOGNIZED, A TAX POSITION MUST BE MORE-LIKELY-THAN-NOT TO BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023, THE TRUST HAS NO MATERIAL UNCERTAIN TAX POSITIONS TO BE ACCOUNTED FOR IN THE FINANCIAL STATEMENTS. TYPICALLY, THE U.S. FEDERAL TAX RETURNS ARE OPEN TO EXAMINATION FOR A PERIOD OF THREE YEARS AFTER THE FILING DATE. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXP -6,850. PART XII, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXP -6,850. FISHING FILM SCREENING WALLA WALLA 15425 3152 12273 3075 8548 FISHING FILM SCREENING ELLENSBURG 10293 6050 4243 3443 25718 9202 16516 3075 11991 15066 1450 FORM 990, PART VI, SECTION A, LINE 1A THE BOARD HAS APPOINTED AN EXECUTIVE COMMITTEE AS A STANDING COMMITTEE OF THE ORGANIZATION. THE EXECUTIVE COMMITTEE SHALL CONSIST OF THE PRESIDENT, THE IMMEDIATE PAST PRESIDENT, THE PRESIDENT-ELECT, THE SECRETARY, THE TREASURER, AND AT LEAST ONE OTHER DIRECTOR. THE PAST PRESIDENT AND THE EXECUTIVE DIRECTOR SHALL BE A MEMBER EX OFFICIO WITHOUT VOTING RIGHTS. THE EXECUTIVE COMMITTEE SHALL BE EMPOWERED TO OVERSEE THE GENERAL OPERATION OF THE CORPORATION ON AN ONGOING BASIS AND TO MAKE RECOMMENDATIONS TO THE EXECUTIVE DIRECTOR REGARDING DAY-TO-DAY AFFAIRS OF THE CORPORATION. THE EXECUTIVE COMMITTEE SHALL DEVELOP RECOMMENDATIONS ON ORGANIZATION POLICY, GOVERNANCE, SHORT-TERM PRIORITIES, AND LONG-RANGE STRATEGY AND MAKE SUCH RECOMMENDATIONS TO THE FULL BOARD. THE EXECUTIVE COMMITTEE SHALL CONSULT WITH AND ASSIST THE EXECUTIVE DIRECTOR IN DEVELOPING THE AGENDA FOR MEETINGS OF THE FULL BOARD. IN EMERGENCY SITUATIONS, THE EXECUTIVE COMMITTEE MAY ACT FOR THE CORPORATION ON MATTERS NORMALLY RESERVED FOR THE FULL BOARD, SUBJECT TO RATIFICATION OF ANY SUCH ACTION BY THE FULL BOARD AS SOON AS POSSIBLE. FORM 990, PART VI, SECTION B, LINE 11B ORGANIZATION'S FORM 990 IS REVIEWED BY KEY EMPLOYEES AND FINANCE COMMITTEE. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY REQUIRES A SIGNED CONFLICT OF INTEREST STATEMENT ANNUALLY FROM BOARD MEMBERS. CONFLICTS OF INTEREST ARE DISCUSSED AT REGULAR MEETINGS OF BOARD AND MANAGEMENT TEAMS. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD APPROVES THE BUDGET THAT INCLUDES COMPENSATION FOR KEY EMPLOYEES. THE MANAGEMENT TEAM REVIEWS COMPARABILITY MARKET DATA THAT FORMS THE BASIS FOR COMPENSATION DECISIONS. THE BUDGET INCLUDING COMPENSATION FOR KEY EMPLOYEES IS DISCUSSED WITH THE FINANCE COMMITTEE. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2024. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE NOT MADE AVAILABLE TO THE GENERAL PUBLIC.