2026-02-13T11:08:26-06:00 2025-03-31 521392008 GELMAN ROSENBERG & FREEDMAN 4550 MONTGOMERY AVE SUITE 800N BETHESDA MD 208142930 990 2024-04-01 381612715 TROUT UNLIMITED INC TROU 7035220200 1700 N MOORE ST 2005 ARLINGTON VA 22209 JAMES HUGHEY CFO 7035220200 2026-02-13 1 1 RICHARD J LOCASTRO CPA P00288314 3019519090 2024 2025-03-06 01:10:19Z X CHRISTOPHER WOOD 1700 N MOORE ST 2005 ARLINGTON VA 22209 114185189 0 X WWW.TU.ORG X 1959 MI TO CONSERVE, PROTECT, AND RESTORE NORTH AMERICA'S COLDWATER FISHERIES AND THEIR WATERSHEDS. 33 32 508 15000 175664 0 78552600 103197410 3600858 4205533 667852 1406480 632648 719130 83453958 109528553 1134657 1095872 0 0 34285776 36155279 0 0 3782882 52915502 67327415 88335935 104578566 -4881977 4949987 47970885 60716792 11474419 19786162 36496466 40930630 X TO CONSERVE, PROTECT, AND RESTORE NORTH AMERICA'S COLDWATER FISHERIES AND THEIR WATERSHEDS. 0 0 83631407 940328 4226700 CONSERVATION OPERATIONS:THE FOLLOWING ARE SOME NOTABLE DEVELOPMENTS UNDERWAY IN TU'S IDENTIFIED "PRIORITY WATERS":EASTERN CONSERVATION MAINE THROUGH PARTNERSHIPS WITH LAND TRUSTS, TU IS WORKING ON A COMBINATION OF LAND PROTECTION, STREAM RECONNECTION, AND INSTREAM HABITAT RESTORATION. TOGETHER, THESE COMPREHENSIVE EFFORTS WILL SECURE SOME OF THE BEST NATIVE BROOK TROUT STRONGHOLDS IN THE U.S. AMONG THE HIGHLIGHTS FROM THE 2024 FIELD SEASON WERE SIX MILES OF INSTREAM WOOD ADDITIONS ON STREAMS IN THE KENNEBAGO AND PLEASANT RIVER WATERSHEDS. WEST VIRGINIAMORE EVIDENCE OF THE EFFECTIVENESS OF WOOD ADDITION PROJECTS WAS GAINED THROUGH MONITORING OF WORK DONE BY TU AND THE U.S. FOREST SERVICE IN WEST VIRGINIA. AREAS WHERE LARGE WOOD WAS ADDED TO STREAMS SHOWED AN INCREASE IN POOLS AND POOL DEPTH AND INCREASES IN TOTAL BIOMASS AS WELL AS THE NUMBERS OF LARGE BROOK TROUT. BY RE-ENGAGING THE FLOODPLAIN AND IMPROVING GROUNDWATER RECHARGE, THE PROJECTS LED TO MAXIMUM WATER TEMPERATURES THAT WERE 1.2 DEGREES CELSIUS LOWER THAN THE MAXIMUM WATER TEMPERATURES IN THE CONTROL SITES.GREAT LAKES COASTERS ARE BROOK TROUT THAT LIVE IN LAKE SUPERIOR AND MIGRATE TO TRIBUTARIES. IN 2024, TU ORGANIZED STATE AGENCIES, TRIBES, FEDERAL AGENCIES AND OTHERS FOR THE FIRST COASTER-FOCUSED STAKEHOLDER MEETING IN OVER 15 YEARS. THIS LED TO THE FORMATION OF A NEW BROOK TROUT WORKGROUP UNDER THE GREAT LAKES FISH COMMISSION'S LAKE SUPERIOR TECHNICAL COMMITTEE, AND TU WAS ASKED TO CHAIR THE WORK GROUP, BECOMING THE FIRST NGO TO CHAIR A TECHNICAL COMMITTEE WORKGROUP. TU IS CONDUCTING FISHERIES SURVEYS, TAKING TISSUE SAMPLES FOR GENETIC ANALYSIS, CONDUCTING HABITAT ASSESSMENTS AND CULVERT SURVEYS, AND COLLECTING TEMPERATURE DATA TO INFORM COASTER MANAGEMENT AND RESTORATION. TU ORGANIZED A MULTI-STATE PARTNERSHIP ACROSS PENNSYLVANIA, NEW YORK, AND NEW JERSEY THAT RESULTED IN A MULTI-YEAR, $3.5 MILLION GRANT FROM THE NEW JERSEY DEPOF WHICH TU IS A SUB-RECIPIENTFOR BROOK TROUT RESTORATION. THIS IS A SIGNIFICANT SOURCE OF FUNDING, BUT EQUALLY IMPORTANT IS THE COMMITMENT IT REPRESENTS FROM THE STATE AGENCIES TO WORK WITH US ON LARGE-SCALE BROOK TROUT RESTORATION ACROSS THE THREE STATES.PACIFIC CONSERVATION ALASKAWE CONTINUE TO ENGAGE IN THE COURTROOM TO DEFEND THE GOOD DECISIONS TO DENY PEBBLE ITS 404 PERMIT AND CLEAN WATER ACT 404(C) PROTECTIONS. IN THE YUKON RIVER WATERSHED, A RELATIVELY NEW GEOGRAPHY FOR TU, WE HELPED REMOVE A PROVISION IN THE FY25 NATIONAL DEFENSE AUTHORIZATION ACT THAT WOULD HAVE GREENLIGHTED THE PROPOSED 211-MILE AMBLER INDUSTRIAL ROAD IN ALASKA'S BROOKS RANGE. THE ROAD WOULD HAVE CROSSED MORE THAN 2,000 STREAMS AND LIKELY CAUSED SIGNIFICANT IMPACTS TO FISH, AND FISHING AND HUNTING, IN THE AREA.CALIFORNIAFOR THE PAST 18 MONTHS, TU HAS WORKED CLOSELY WITH THE PIT RIVER TRIBE AND SELECT CONSERVATION PARTNERS ON A CAMPAIGN TO PERMANENTLY PROTECT A UNIQUE COMPLEX OF PUBLIC LANDS IN NORTHERN CALIFORNIA THE STTTLA HIGHLANDS AS A NATIONAL MONUMENT.. TU STAFF AND GRASSROOTS, WITH OUR SHASTA TRINITY CASCADES CHAPTER IN THE VANGUARD, LED THE EFFORT TO CONVEY THE SUPPORT OF ANGLERS AND HUNTERS FOR THIS DESIGNATION; OUR MEDIA TOUR PRODUCED MULTIPLE ARTICLES, QUOTES, BLOG AND SOCIAL POSTS SUPPORTING NATIONAL MONUMENT STATUS FOR STTTLA, THE CULTURAL HEART OF THE PIT RIVER TRIBE. IN JANUARY, PRESIDENT BIDEN SIGNED A PROCLAMATION DESIGNATING THE STTTLA HIGHLANDS NATIONAL MONUMENT. ON CALIFORNIA'S CENTRAL COAST, TU REMOVED A DAM ON LITTLE ARTHUR CREEK, A TRIBUTARY TO THE PAJARO RIVER, WHICH IS DESIGNATED CRITICAL HABITAT FOR ESA-LISTED STEELHEAD. THE 30-FOOT-HIGH, CENTURY-OLD DAM HAD BLOCKED FISH PASSAGE AT ALL FLOWS TO MORE THAN THREE MILES OF PRIME SPAWNING AND REARING HABITAT, WHICH STAYS WET EVEN IN PROLONGED DROUGHT PERIODS. THE PROJECT, WHICH CONCLUDED IN OCTOBER, TOOK FIVE YEARS TO PLAN, FUND AND IMPLEMENT. KEY PARTNERS INCLUDED THE SANTA CLARA VALLEY WATER DISTRICT, THE CALIFORNIA DEPARTMENT OF FISH AND WILDLIFE, RESOURCES LEGACY FUND, NOAA FISHERIES AND THE AMAH MUTSUN TRIBAL BAND. THE STEINBECK COUNTRY CHAPTER, THE SANTA CRUZ FLY FISHERS, AND THE SAN JOSE FLY FISHERS ALL PROVIDED MATCH FUNDING AND VOLUNTEER LABOR.IDAHOTU'S IDAHO PROGRAM RECEIVED A $3.8 MILLION AWARD FROM THE BUREAU OF LAND MANAGEMENT THAT WILL FUND STREAM RESTORATION AND FISH PASSAGE PROJECTS BENEFITING NATIVE FISH SPECIES IN THE UPPER SALMON AND UPPER SNAKE BASINS OVER THE NEXT FIVE YEARS. KLAMATH (OREGON AND CALIFORNIA)WITH THE KLAMATH RIVER DAMS GONE, SALMON AND STEELHEAD ARE NOW SWIMMING IN WATERS THEY HAD BEEN DENIED ACCESS TO FOR A CENTURY. THE FIRST SALMON, A FALL-RUN CHINOOK, WAS OBSERVED ON SONAR PASSING THROUGH THE FORMER SITE OF IRON GATE DAM. IN OCTOBER AND NOVEMBER, OVER 100 FALL-RUN CHINOOK WERE SEEN SPAWNING ABOVE THE DAMS, INCLUDING ALL THE WAY INTO OREGON. SMALLER NUMBERS OF COHO AND STEELHEAD HAVE ALSO BEEN OBSERVED ABOVE THE FORMER DAMS AND PRELIMINARY SONAR DATA REVEALED THOUSANDS OF FISH MIGRATING THROUGH THE FORMER IRON GATE SITE.OREGONNEW FUNDING FROM THE COLUMBIA BASIN WATER TRANSACTION PROGRAM AND TU'S COLDWATER CONSERVATION FUND HAVE ALLOWED TU TO EXPAND ITS FLOW RESTORATION WORK INTO THE JOHN DAY BASIN, THE LARGEST BASIN IN OREGON MANAGED FOR WILD SALMONIDS. IN THE ADJACENT WALLOWA RIVER BASIN, WE SECURED A $3 MILLION AWARD FROM A CORPORATE DONOR TO SUPPORT TU'S PARTNERSHIP WITH THE NEZ PERCE TRIBE, CONFEDERATED TRIBES OF THE UMATILLA INDIAN RESERVATION, CHIEF JOSEPH BAND OF THE COLVILLE TRIBE AND THE WALLOWA LAKE IRRIGATION DISTRICT TO BRING SOCKEYE SALMON BACK TO WALLOWA LAKE. SOCKEYE WERE EXTIRPATED FROM THE WALLOWA RIVER IN 1919 BY THE CONSTRUCTION OF WALLOWA LAKE DAM. WASHINGTONIN THE UPPER COLUMBIA BASIN, NOT FAR FROM THE CANADA BORDER, TU COMPLETED THE FINAL PHASE OF THE JOHNSON CREEK FISH PASSAGE PROJECT, WHICH OPENED MORE THAN EIGHT MILES OF CRITICAL HABITAT FOR ESA-LISTED SUMMER STEELHEAD. THE PROJECT COST $5 MILLION AND TOOK SEVEN YEARS TO COMPLETE, BUT IT WAS WELL WORTH THE MONEY AND EFFORT. EIGHT FISH PASSAGE BARRIERS WERE REMOVED ON ONE OF THE MOST IMPORTANT COLDWATER STEELHEAD TRIBUTARIES TO THE OKANOGAN RIVER, WHICH PROVIDES A KEY MIGRATION CORRIDOR FOR SALMON AND STEELHEAD TO ACCESS COLD WATER REFUGES AND SPAWNING GROUNDS IN NORTH CENTRAL WA AND BC.ROCKIES CONSERVATIONMONTANATU WRAPPED UP WORK ON THE FLAT CREEK MINE RECLAMATION PROJECT SITE NEAR SUPERIOR, MT. THE MULTI-YEAR PROJECT, IN PARTNERSHIP WITH THE U.S. FOREST SERVICE, REMOVED APPROXIMATELY 50,000 CUBIC YARDS OF CONTAMINATED MINE WASTE FROM THE FLOODPLAIN AND RESTORED OVER A MILE OF NATIVE TROUT HABITAT ON THE LOLO NATIONAL FOREST. TU RECEIVED SIGNIFICANT FEDERAL INFRASTRUCTURE FUNDING THROUGH THE U.S. FISH AND WILDLIFE SERVICE AND THE BOR FOR LARGE-SCALE RESTORATION EFFORTS ON THE UPPER CLARK FORK RIVER NEAR DEER LODGE, FLINT CREEK NEAR HALL, AND THE JEFFERSON RIVER NEAR TWIN BRIDGES. FINALLY, MONTANA'S BIENNIAL LEGISLATIVE SESSION KICKED OFF IN JANUARY, WHERE TU AND MTU STAFF ARE WORKING TO PASS A PACKAGE OF WATER BILLS THIS YEAR WHILE DEFENDING AGAINST POLICY THREATS TO WATER AND FISHERIES RESOURCES.SOUTHWESTIN ARIZONA, IN THE MT. BALDY HEADWATERS OF ARIZONA'S WHITE MOUNTAINS, TU ORGANIZED A COALITION OF PARTNERS TO SECURE OVER $2.2 MILLION IN NATIONAL FISH PASSAGE-BIL FUNDING FOR PROJECTS TO DIRECTLY BENEFIT THE RECENTLY DELISTED APACHE TROUT POPULATIONS. THE FUNDING WILL ALLOW TU TO RECONNECT FISH PASSAGE TO 18 MILES OF STREAM HABITAT, PROTECT AND RESTORE HUNDREDS OF ACRES OF RIPARIAN AND WET MEADOW HABITAT, AND ASSESS THE REMAINING FISH PASSAGE BARRIERS IN THE RANGE OF APACHE TROUT.NEW MEXICO TU AND THE U.S. FOREST SERVICE ARE MITIGATING THE IMPACTS OF THE WHITEWATER BALDY FIRE ON GILA TROUT POPULATIONS. IN THE GILITA CREEK WATERSHED, TU SECURED DESIGNS TO RESTORE SEVEN MILES OF STREAM HABITAT AND THREE LARGE WET-MEADOW COMPLEXES. IN THE UPPER RIO GRANDE, TU IS PROTECTING AND RESTORING RIO GRANDE CUTTHROAT TROUT HABITAT. IN THE RIO COSTILLA WATERSHED, TU IS LEADING A $1.2 MILLION FISH PASSAGE EFFORT TO PUT THE FINAL TOUCHES ON A DECADES-LONG MISSION TO ESTABLISH THE SPECIES' LARGEST METAPOPULATION WITH 121 MILES OF INTERCONNECTED HABITAT. EFFORTS ARE ALSO FOCUSED ON INCREASING CLIMATE RESILIENCE FOR EXISTING CONSERVATION POPULATIONS IN CHIHUAHUENOS CREEK AND THE RIO SAN ANTONIO THROUGH LOW-TECH PROCESS-BASED RESTORATION ACROSS MORE THAN 10 MILES OF STREAM. FINALLY, TU IS LEADING AN EFFORT TO PROTECT 166,000 ACRES OF FEDERAL LANDS IN THE HEADWATERS OF THE PECOS RIVER WATERSHED FROM MINING IMPACTS BY MANAGING THE NEPA PROCESS TO SECURE A 20-YEAR MINERAL WITHDRAWAL. 2124071 107350 VOLUNTEER OPERATIONS AND CHAPTER SUPPORT:PLANT FOR OUR FUTUREWE ARE HEADED INTO OUR THIRD YEAR OF PARTNERSHIP WITH TRACTOR SUPPLY COMPANY ON THE PLANT FOR OUR FUTURE INITIATIVE, WE HAVE BEEN ABLE TO LEVERAGE THE INITIAL INVESTMENT TO ATTRACT AND SECURE FUNDING TO EXPAND THE PROGRAM. THE ARBOR DAY FOUNDATION HAS BECOME ONE OF OUR CORE NEW PARTNERS, INTRODUCING US TO CORPORATE FUNDERS LIKE TD BANK, VERIZON WIRELESS, AND NIAGARA BOTTLING. OUR AGGREGATE IMPACT TO DATE IS: - PLANNED 255 PLANTING PROJECTS IN 18 STATES - PLANTED 84,492 NATIVE TREES - ENGAGED MORE THAN 4,003 VOLUNTEERS - RESTORED MORE THAN 1,277 ACRES - INTERCEPTED MORE THAN 21,114,551 GALLONS OF STORMWATERHEADWATERS YOUTH EDUCATION PROGRAMSTAFF ARE PRIORITIZING THE DELIVERY OF BEST-IN-CLASS RESOURCES AND SUPPORT TO TU VOLUNTEERS, TEACHERS, ENGAGEMENT MANAGERS, CAMP DIRECTORS AND STUDENT LEADERS ENSURING THEY HAVE THE TOOLS NEEDED TO IMPLEMENT YOUTH EDUCATION EFFECTIVELY IN THE FIELD. THE 5 RIVERS PROGRAM HAS OVER 5,000 ACTIVE COLLEGE-AGED MEMBERS ACROSS 80 CAMPUSES PARTICIPATING IN THOUSANDS OF ACTIVITIES, INCLUDING A RECORD-BREAKING WESTERN RENDEZVOUS IN COLORADO LAST FALL THAT SOLD OUT IN MINUTES, AND OVER HALF OF PARTICIPANTS WERE YOUNG WOMEN. AFTER A FUN SUMMER OF CAMP AND EXPEDITIONS, STUDENTS RETURNED TO THEIR CLASSROOMS, AS DID THEIR TROUT IN THE CLASSROOM TANKS. OVER THE PAST FOUR MONTHS, TENS OF THOUSANDS OF EGGS HAVE BEEN DELIVERED ACROSS THE COUNTRY BY DOZENS OF LOYAL TU VOLUNTEERS. THE HEADWATERS YOUTH EDUCATION BOARD CONTINUES TO EVOLVE AS A DYNAMIC ADVISORY COMMITTEE, PLAYING A PIVOTAL ROLE IN GUIDING AND SUPPORTING YOUTH EDUCATION EFFORTS. THE BOARD OFFERS UNIQUE OPPORTUNITIES TO ENGAGE HANDS-ON WITH TU'S YOUTH EDUCATION ACTIVITIES THROUGHOUT THE YEAR, AND WE ARE ALREADY PLANNING OUR NEXT GATHERING IN BEND, ORE. IN OCTOBER 2025. THESE GATHERINGS SHOWCASE GRASSROOTS IMPACT, PROVIDE SHARED LEARNING OPPORTUNITIES AND CELEBRATE TU'S SUCCESSES. 2801691 155544 141596 MEMBERSHIP DEVELOPMENT:THE NLC WORKGROUPS CONTINUE TO MAKE PROGRESS TOWARD COMPLETING THEIR QUANTIFIABLE GOALS WHICH SUPPORT THE TU STRATEGIC PLAN. TU CONTINUES TO EVOLVE ITS MEMBERSHIP MESSAGING TO FOCUS ON COLLABORATION AND ENGAGEMENT. 1850086 93503 COMMUNICATIONS:TU'S PRIORITY WATERS COMMUNICATIONS CAMPAIGN LAUNCHED IN MID-JANUARY FOLLOWING COMPLETION OF A NEW WEBSITE (HTTPS://PRIORITYWATERS.TU.ORG) THAT INCLUDES STATE-BY-STATE RUNDOWN OF PRIORITY WATERS WORK, A SECTION ABOUT HOW WE WORK AND WHY IT MATTERS, AND MAPS. THIS NEW WEBSITE IS INTEGRATED WITH TU.ORG AND IS AN UPDATE FOR OUR STANDING CONSERVATION CONTENT. A MULTIMEDIA EFFORT INVOLVING SOCIAL MEDIA, BLOGS, PRESS, EMAILS, ADS, AND FILMS IS PROMOTING THE MESSAGE THAT TU IS WORKING AT SCALE ACROSS THE NATION, AND WORKING IN PLACES YOU LIVE, LOVE AND FISH. THE FIRST OF A SERIES OF PRIORITY WATERS FILMS LAUNCHES IN FEBRUARY: "A BEAUTIFUL MESS" HIGHLIGHTS OUR WORK IN TENNESSEE'S CHEROKEE NATIONAL FOREST. FORTHCOMING INSTALLMENTS ARE SET IN ARIZONA (APACHE TROUT), CALIFORNIA (GOLDEN TROUT), THE OLYMPIC PENINSULA (SALMON AND STEELHEAD), AND WYOMING AND UTAH (CUTTHROAT TROUT). THIS IS AN ALL-HANDS-ON-DECK EVERGREEN CAMPAIGN, AND WE HAVE BEEN ENCOURAGING STAFF, VOLUNTEERS AND LEADERS TO HELP US SPREAD THE WORD USING A TU PRIORITY WATERS TOOLKIT. 1850991 93548 GOVERNMENT AFFAIRS:AT LONG LAST, GOOD SAMARITAN LEGISLATION PASSED CONGRESS AND WAS SIGNED BY PRESIDENT BIDEN INTO LAW ON DECEMBER 17. THIS CAMPAIGN EMBODIED A "ONE-TU" APPROACH, LEVERAGING THE COLLECTIVE STRENGTH OF GRASSROOTS AND STAFF ACROSS NOT ONLY GOVERNMENT AFFAIRS AND EXECUTIVE LEADERSHIP, BUT ALSO SCIENCE, COMMUNICATIONS, DEVELOPMENT, AND RESTORATION STAFF. WIDELY RECOGNIZED AS THE CAMPAIGN LEADER, TU RECRUITED NUMEROUS PARTNERS, LEVERAGING RELATIONSHIPS AND ASSETS TO OVERCOME ABUNDANT HURDLES ALONG THE WAY TO LEGISLATION BEING ENACTED. WE WILL CONTINUE THIS LEADERSHIP THROUGHOUT THE IMPLEMENTATION OF THIS PILOT PROGRAM, INCLUDING BRINGING TOGETHER THE EPA, FEDERAL LAND MANAGERS, STATE AGENCIES, AND OTHER POTENTIAL GOOD SAMS AND STAKEHOLDERS TO DEVELOP GUIDANCE FOR PROGRAM IMPLEMENTATION WITHIN THE CONGRESSIONALLY REQUIRED 180-DAY DEADLINE. WE WILL ALSO RENEW OUR EFFORTS TO SECURE SIMILAR LIABILITY PROTECTIONS FOR CLEANUP AT ABANDONED COAL MINES, AN EFFORT THAT HAS BIPARTISAN SUPPORT ON BOTH SIDES OF CAPITOL HILL. ADDITIONALLY, THE DEPARTMENT OF THE INTERIOR INITIATED ADMINISTRATIVE MINERAL WITHDRAWAL PROCESSES FOR NEW MEXICO'S PECOS RIVER WATERSHED AND NEVADA'S RUBY MOUNTAINS. BOTH AREAS ARE HOME TO NATIVE TROUT AND THREATENED BY RESOURCE EXTRACTION. FOR SEVERAL YEARS, TU GENERATED LOCAL AND DIVERSE SUPPORT FOR PROTECTING THESE AREAS AND WILL NOW WORK WITH THE TRUMP ADMINISTRATION TO COMPLETE THESE ADMINISTRATIVE PROCESSES IN 2025. THE RESULT WOULD LIMIT RESOURCE EXTRACTION (I.E., HARDROCK MINING IN THE PECOS RIVER WATERSHED, AND OIL AND GAS DEVELOPMENT IN THE RUBY MOUNTAINS) FOR A PERIOD OF 20 YEARS. 3701077 187051 92258246 1 1 0 1 0 0 1 0 0 1 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 298 0 1 508 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 33 32 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 AL AR CA FL GA HI IL KS KY MD MA MI MN MS NH NJ NM NY NC OR PA RI SC TN UT VA WV WI X X JAMES HUGHEY 7035220200 1777 NORTH KENT STREET SUITE 100 ARLINGTON VA 22209 CHRISTOPHER WOOD PRESIDENT AND CEO 40.00 X X 467920 0 52177 HARRIS HYMAN CHAIRMAN 20.00 X X 0 0 0 RICH THOMAS VICE CHAIR/CHAIR NLC 20.00 X X 0 0 0 LAWRENCE GARLICK TREASURER 15.00 X X 0 0 0 LINDA ROSENBERG ACH SECRETARY 5.00 X X 0 0 0 STEWART ALSOP TRUSTEE 5.00 X 0 0 0 TONY BROOKFIELD TRUSTEE 5.00 X 0 0 0 JOHN BURNS TRUSTEE (FROM 10/2024) 10.00 X 0 0 0 AMY CORDALIS TRUSTEE 5.00 X 0 0 0 JOSH CRUMPTON TRUSTEE 5.00 X 0 0 0 MAC CUNNINGHAM TRUSTEE 10.00 X 0 0 0 JOSEPH DE BRIYN TRUSTEE 10.00 X 0 0 0 PAUL DOSCHER TRUSTEE 5.00 X 0 0 0 LAWRENCE FINCH TRUSTEE 5.00 X 0 0 0 SUSAN GREER TRUSTEE 5.00 X 0 0 0 PETER GRUA TRUSTEE 5.00 X 0 0 0 CHRIS HILL TRUSTEE 5.00 X 0 0 0 GREGORY A MCCRICKARD TRUSTEE 10.00 X 0 0 0 PAUL MCKAY TRUSTEE (FROM 7/2024) 5.00 X 0 0 0 PHOEBE MUZZY TRUSTEE 5.00 X 0 0 0 STEWART PARKER TRUSTEE 5.00 X 0 0 0 AL PERKINSON TRUSTEE 5.00 X 0 0 0 GREG PLACONE TRUSTEE 5.00 X 0 0 0 CANDICE PRICE TRUSTEE 5.00 X 0 0 0 DWIGHT SCOTT TRUSTEE 5.00 X 0 0 0 KATHY SCOTT TRUSTEE 5.00 X 0 0 0 JUDI SITTLER TRUSTEE 5.00 X 0 0 0 JOE SWEEDISH TRUSTEE 5.00 X 0 0 0 SHARON SWEENY FEE TRUSTEE (UNTIL 6/2024) 5.00 X 0 0 0 BLAIN TOMLINSON TRUSTEE 5.00 X 0 0 0 TERRY TURNER TRUSTEE 10.00 X 0 0 0 LESLIE WELDON TRUSTEE 5.00 X 0 0 0 JEFF WITTEN TRUSTEE 10.00 X 0 0 0 GEOF WYATT TRUSTEE (FROM 10/2024) 5.00 X 0 0 0 JAMES HUGHEY CHIEF FINANCIAL OFFICER 40.00 X 260247 0 44300 JOANNE THEURICH CHIEF OPERATING OFFICER 40.00 X 275724 0 20305 PETER BARBER VP MARKETING (UNTIL 10/2024) 40.00 X 308949 0 27084 LINDSAY SLATER VP GOVERNMENT AFFAIRS 40.00 X 256812 0 42148 STEVEN KING GENERAL COUNSEL 40.00 X 230391 0 40279 ROB MASONIS VP WESTERN CONSERVATION 40.00 X 191547 0 22514 DAVID KINNEY VP COMMUNICATIONS AND BRAND 40.00 X 179824 0 13724 2171414 0 262531 79 0 1 0 ANABRANCH SOLUTIONS PO BOX 8071 MOSCOW ID 83843 ENGINEERING DESIGN SERVICES 1960963 MERIDIAM PARTNERS LLC PO BOX 102380 DENVER CO 80210 ENGINEERING DESIGN SERVICES 1238908 CUSTOM DESIGN FABRICATORS 127 STARE VIEW DR LIVERMORE CO 80536 STEEL FABRICATION 1185490 KOAH DIRT WORK 2020 SIERRA SAGE LN RENO NV 89509 EXCAVATION AND EARTH MOVING 837860 KANOUSE OUTDOOR RESTORATION 12050 JENKS ST NE BELDING MI 48809 INFRASTRUCTURE DESIGN 655150 40 1112 69201355 33994943 620555 103197410 MEMBERSHIP DUES 900099 3880432 3880432 PUBLICATIONS 900099 175664 175664 REGISTRATION FEES 900099 149437 149437 4205533 885806 885806 14605 14605 14400 0 14400 14400 14400 4316766 3796092 520674 520674 520674 1317708 860544 457164 457164 MISCELLANEOUS 900099 218928 218928 LIST RENTALS 900099 14033 14033 232961 109528553 4487033 175664 1668446 X 1095872 1095872 1266105 1007556 258549 24170452 19559221 2815200 1796031 1686922 1351595 207724 127603 6695141 5094043 1062291 538807 2336659 1771935 374353 190371 83542 34300 49242 149087 149087 344996 344996 62976 62976 52512225 51553503 866714 92008 117717 117717 1885802 1359321 342901 183580 922918 166617 756301 756231 565988 190243 2217993 2015746 108324 93923 621037 369207 72934 178896 9509 7858 1140 511 302411 265734 24327 12350 355907 52477 303430 MATERIALS 3642053 3613771 28233 49 WATER LEASES 1524777 1524777 MAGAZINE PRODUCTION 915862 648948 1860 265054 OTHER EXPENSES 338829 253234 58503 27092 563543 491386 54099 18058 104578566 92258246 8537438 3782882 X 1004559 294623 0 709936 1761485 2362462 2678723 10152206 27296346 29770498 739493 651621 1308295 1060132 368689 277992 6859656 5577537 733600 1282119 11863801 11626647 1190014 1256427 30439 2276688 47970885 60716792 9031509 9797544 1464673 1256426 978237 8732192 11474419 19786162 X -1880593 1258788 38377059 39671842 36496466 40930630 47970885 60716792 4949987 -515823 0 X 0 1 X 1 1 1 X 62783791 66504204 55874353 78552600 103197410 366912358 62783791 66504204 55874353 78552600 103197410 366912358 366912358 304460 507443 597811 774022 914811 3098547 29386 3637 11622 24776 232961 302382 370313287 34358460 0.99080 0.99230 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 496976 496976 104018614 104515590 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 273938 421195 454506 496976 1646615 250000 250000 250000 250000 1000000 1500000 X X X 7 687.00 0 0 0 2 1 20.00 3000 9705618 1547 545558 750778 9501945 8368390 1337228 9705618 9135126 -426945 339791 8368390 9417420 34737 317031 9135126 5295898 2500000 1946850 325328 9417420 0.78890 0.21110 0 0 7801 7801 6851855 5577537 1274318 1282119 REFUNDABLE ADVANCES - FEDERAL GRANTS 5492501 OPERATING LEASE LIABILITY 3239691 8732192 109901298 -515823 91000 860544 435721 109465577 62976 62976 109528553 105467134 91000 860544 951544 104515590 62976 62976 104578566 PART II, LINE 5: ANNUALLY, A TU REPRESENTATIVE VISITS THE PROPERTY AND SPEAKS WITH THE LANDOWNER TO REVIEW THE PROPERTY AND IDENTIFY ANY NEW ACTIVITIES OR DAMAGES SINCE THE LAST INSPECTION THAT COULD AFFECT THE PROPERTY. THE REPRESENTATIVE DISCUSSES WITH THE LANDOWNER ANY POTENTIAL OR PLANNED ACTIVITIES CONCERNING THE LAND INCLUDING, BUT NOT LIMITED TO, THE TRANSFER OF THE LAND, AGRICULTURAL ACTIVITIES, TIMBER HARVESTING, WATER DEVELOPMENT, ROAD CONSTRUCTION, AND COMMERCIAL ACTIVITIES. PART II, LINE 9: CONSERVATION EASEMENTS ARE NOT REPORTED IN THE REVENUE, EXPENSE OR BALANCE SHEET OF TU. PART V, LINE 4: CCF ENDOWMENT: THE FUND WAS DEVELOPED TO SUPPORT THE SCIENTIFIC RESOURCE WORK OF TU AND WAS FUNDED THROUGH THE RUSSELL MEMORIAL FUND ($569,375) AND OTHER INDIVIDUAL CONTRIBUTIONS. UP TO 15% OF THE ORIGINAL CONTRIBUTION REVENUE WAS ALLOCATED TO BE SPENT ON OVERHEAD AND ADMINISTRATIVE COSTS ASSOCIATED WITH THE COLDWATER CONSERVATION FUND PROGRAM. THE REMAINING PORTION OF THE OVERHEAD AND ADMINISTRATIVE ALLOCATION WAS SPENT IN FISCAL YEAR 2016. A PORTION OF THE CURRENT INVESTMENT INCOME FROM THE ENDOWMENT'S FUNDS ARE TO BE SPENT ANNUALLY, IN ACCORDANCE WITH TU'S SPENDING POLICY. SPENDING RATE OF 4.5% WAS SET FOR THE YEARS ENDED MARCH 31, 2025 AND 2024. E.T. TELLER ENDOWMENT: THIS FUND WAS ESTABLISHED IN 1995 BY THE TELLER FAMILY. PER REQUEST BY THE DONOR, UP TO 50% OF THE ANNUAL EARNINGS ARE AVAILABLE FOR GENERAL OPERATIONS OF TU. THE OTHER 50% SHOULD BE REINVESTED IN THE FUND. IDAHO WATER FUND: THIS ENDOWMENT WAS ESTABLISHED IN 2008 WITH GRANT FUNDS FROM THE ISHIYAMA FAMILY FOUNDATION. THE PURPOSE OF THE ENDOWMENT IS TO FUND THE IDAHO WATER PROJECT. A PORTION OF THE FUNDS CAN BE SPENT ANNUALLY, IN ACCORDANCE WITH TU'S SPENDING POLICY. FUNDS IN THE AMOUNT OF $49,269 AND $0 WERE SPENT DURING THE YEARS ENDING MARCH 31, 2025 AND 2024, RESPECTIVELY. TALCOTT ENDOWMENT: THE TALCOTT ENDOWMENT WAS ESTABLISHED IN 2021 WITH A BEQUEST IN THE AMOUNT OF $2,500,000 FROM THAYER TALCOTT, JR. THE FUNDS WERE RESTRICTED TO TU'S PERPETUAL ENDOWMENT WITH THE INCOME TO BE USED TO SUPPORT THE GENERAL PURPOSES OF TU. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD REPORTED AS AN EXPENSE ON THE 860,544. FINANCIAL STATEMENTS AND NETTED AGAINST SALES REVENUE ON FORM 990, PART VIII, LINE 10C. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD REPORTED AS AN EXPENSE ON THE 860,544. FINANCIAL STATEMENTS AND NETTED AGAINST SALES REVENUE ON FORM 990, PART VIII, LINE 10C. 1 THE UPPER SAN JUAN WATERSHED ENHANCEMENT PARTNERSHIP PO BOX 3238 PAGOSA SPRINGS CO 03238 932533694 501(C)(3) 133491 0 IMPROVE AND RESTORE SAN JUAN RIVER AND ENHANCE AQUATIC HABITAT AND RECREATIONAL FLOWS NATIVE VILLAGE OF EKLUTNA 26339 EKLUTNA VILLAGE ROAD CHUGIAK AK 99567 920115246 GOVERNMENT 9167 0 MONITORING AND HABITAT ASSESSMENT OF PACIFIC SALMON IN THE EKLUNA RIVER-POST BARRIER REMOVAL. KACHEMAK HERITAGE LAND TRUST 315 KLONDIKE AVE HOMER AK 99603 943104608 501(C)(3) 10565 0 ADVANCING COMMUNITY PLANS TO ADDRESS CLIMATE CHANGE AND IMPROVE SALMON HABITAT IN SEWARD, ALASKA UTAH STATE UNIVERSITY 5200 OLD MAIN HALL LOGAN UT 843225200 876000528 501(C)(3) 33167 0 CLIMATE ADAPTATION TO SUPPORT RESILIENCE AND REVERENCE: WEAVING KNOWLEDGE FOR TRIBAL STEWARDSHIP OF THE BOA OGOI MASSACRE SITE TOWN OF COLEBROOK 17 BRIDGE STREET COLEBROOK NH 03576 026000167 GOVERNMENT 40996 0 BEAR ROCK ROAD CULVERT REPLACEMENT WEST VIRGINIA UNIVERSITY RESEARCH CORPORATION ONE WATERFRONT PLACE PO BOX 6005 MORGANTOWN WV 26506 550665758 501(C)(3) 96566 0 RESTORING AND RECONNECTING BROOK TOUT STRONGHOLDS IN THE SOUTH BRANCH OF THE POTOMAC (WV, VA) KLAMATH WATERSHED PARTNERSHIP 205 RIVERSIDE DR KLAMATH FALLS OR 97601 931215213 501(C)(3) 16780 0 SUPPORTS A COLLABORATION TO IMPLEMENT LOW-TECH PROCESS-BASED RESTORATION TECHNIQUES THROUGHOUT THE SPRAGUE RIVER WATERSHED. SUSTAINABLE NORTHWEST 233 SW NAITO PARKWAY SUITE 200 PORTLAND OR 97204 931152222 501(C)(3) 5080 0 SUPPORTS A COLLABORATION TO IMPLEMENT LOW-TECH PROCESS-BASED RESTORATION TECHNIQUES THROUGHOUT THE SPRAGUE RIVER WATERSHED. CLALLAM COUNTY 223 EASL4TH STREET SUITE 6 PORT ANGELES WA 98362 916001298 GOVERNMENT 82000 0 REPLACE THREE EXISTING FISH PASSAGE CULVERT BARRIERS WITH NEW STREAM CROSSING STRUCTURES TO RESTORE FISH PASSAGE. UINTA COUNTY CONSERVATION DISTRICT PO BOX 370 LYMAN WY 82937 830252534 501(C)(3) 408000 0 RESTORE APPROXIMATELY 6,300 FEET OF THE BEAR RIVER WITH NATURAL CHANNEL DESIGN RESTORATION TECHNIQUES AND REPLACE A FAILING IRRIGATION DIVERSION THAT INHIBITS FISH MIGRATION. CASCADIA CONSERVATION DISTRICT 14 N MISSION ST WENATCHEE WA 98801 206343276 501(C)(3) 100000 0 IMPLEMENTATION OF LOW-TECH PROCESS-BASED RESTORATION AND THE REINTRODUCTION OF BEAVERS ON TO NATIONAL FOREST SYSTEM (NFS) LANDS. CONFEDERATED TRIBES OF THE COLVILLE RESERVATION PO BOX 150 NESPELEM WA 99155 910557683 501(C)(3) 160000 0 THIS PROJECT SUPPORTS PROJECT PLANNING AND A FEASIBILITY STUDY FOR THE REMOVAL OF ENLOE DAM. 12 0 PART I, LINE 2: THE MAJORITY OF THE GRANTS ARE GIVEN OUT TO TU CHAPTERS AND COUNCILS AND ARE MONITORED BY THE EMBRACE-A-STREAM COMMITTEE FOR COMPLIANCE WITH THEIR GRANT AGREEMENT. FOR THOSE GRANTS ISSUED TO OUTSIDE ORGANIZATIONS, THOSE ARE TYPICALLY PART OF A LARGER GRANT AGREEMENT THAT DICTATES THE TERM OF THE ARRANGEMENTS WITH THE APPROPRIATE TU EMPLOYEE MONITORING COMPLIANCE. X X X X X 1 0 0 0 0 0 0 1 0 CHRISTOPHER WOOD PRESIDENT AND CEO 417920 0 50000 0 0 0 25142 0 27035 0 520097 0 0 0 PETER BARBER VP MARKETING (UNTIL 10/2024) 235650 0 0 0 73299 0 15376 0 11708 0 336033 0 0 0 JAMES HUGHEY CHIEF FINANCIAL OFFICER 260247 0 0 0 0 0 17300 0 27000 0 304547 0 0 0 LINDSAY SLATER VP GOVERNMENT AFFAIRS 256812 0 0 0 0 0 15148 0 27000 0 298960 0 0 0 JOANNE THEURICH CHIEF OPERATING OFFICER 275724 0 0 0 0 0 19180 0 1125 0 296029 0 0 0 STEVEN KING GENERAL COUNSEL 230391 0 0 0 0 0 13279 0 27000 0 270670 0 0 0 ROB MASONIS VP WESTERN CONSERVATION 191547 0 0 0 0 0 13114 0 9400 0 214061 0 0 0 DAVID KINNEY VP COMMUNICATIONS AND BRAND 179824 0 0 0 0 0 12564 0 1160 0 193548 0 0 0 PART I, LINE 4A PETER BARBER RECEIVED A SEVERANCE PAYMENT OF $73,299. PART I, LINE 7 CHRISTOPHER WOOD RECEIVED A PERFORMANCE-BASED BONUS OF $50,000. X 27 608429 FMV X BOULDERS 1 10080 FMV X TSHIRTS 1 2046 FMV 0 0 1 0 PART I, COLUMN (B): THIS COLUMN REPORTS THE NUMBER OF DONATIONS. FORM 990, PART III, LINE 4A SCIENCE IN SEPTEMBER OF 2024 THE U.S. FISH AND WILDLIFE SERVICE FORMALLY REMOVED THE APACHE TROUT FROM THE ENDANGERED SPECIES LIST, THE FIRST TROUT OR SALMON EVER TO BE REMOVED BECAUSE IT IS NOW CONSIDERED RECOVERED. CREDIT FOR THE ON-THE-GROUND RECOVERY OF THIS FISH LIES LARGELY WITH THE WHITE MOUNTAIN APACHE TRIBE WHO RECOGNIZED THE NEED TO BEGIN PROTECTING THE FISH OVER 70 YEARS AGO, ALONG WITH OTHER PARTNERS OVER THE DECADES. IN 2017, TU LED THE DEVELOPMENT OF A SCIENCE-BASED MONITORING PROTOCOL THAT HAS BEEN USED SINCE FOR FIELD SAMPLING AND IMPROVED POPULATION ESTIMATION. FOLLOWING THAT SUCCESS, TU WAS ASKED TO LEAD A CORE TEAM IN DRAFTING THE SPECIES STATUS ASSESSMENT (SSA) FOR THE APACHE TROUT, WHICH PROVIDED ASSESSMENT OF THE NEEDS, STATUS, AND FUTURE CONDITIONS OF THE SPECIES. IT WAS THIS DOCUMENT THAT THE FWS USED IN RECOMMENDING, AND THEN ACTING ON, THE FISH'S DELISTING. WE ALSO PUBLISHED TWO UNIQUE PAPERS LAST FALL. THE FIRST WAS COAUTHORED BY DR. EMMA LUNDBERG, A SECOND RECENT TU SCIENCE HIRE WITH FISHERIES AND HUMAN DIMENSIONS EXPERTISE AND IS TITLED: RE-CENTERING RELATIONS: THE TROUBLE WITH QUICK FIX APPROACHES TO BEAVER-BASED RESTORATION. IN THIS PAPER EMMA AND A DIVERSE GROUP OF RIVER RESTORATION RESEARCHERS AND PRACTITIONERS EMPLOY A SOCIAL SCIENCE FOUNDATION INCLUDING TRIBAL MANAGEMENT APPROACHES AND PERSPECTIVES TO CONSIDER OUR RELATIONSHIP WITH BEAVER. THEY ENCOURAGE A SHIFT AWAY FROM THE TRANSACTIONAL (BEAVER AS ECOSYSTEM ENGINEER 'FIXERS') TOWARDS RESPECTFUL BEAVER-RELATIONAL RESTORATION PRACTICES WHICH, ULTIMATELY, ENABLE MORE ENDURING BENEFITS TO BEAVER, RIVERS, AND PEOPLE. THE SECOND PAPER WAS A CONTRIBUTION TO ELSEVIER'S 2ND EDITION ENCYCLOPEDIA OF THE ANTHROPOCENE ENTITLED COLD-WATER FISHES AND CLIMATE CHANGE IN NORTH AMERICA. COAUTHORED BY JACK WILLIAMS, OUR FORMER SENIOR SCIENTIST, HELEN NEVILLE, CURRENT SENIOR SCIENTIST, AND OTHER AGENCY, NGO, AND ACADEMIC CONTRIBUTORS, THE PAPER SYNTHESIZES CLIMATE IMPACTS ON SALMONIDS FROM CANADA TO MEXICO. FORM 990, PART VI, SECTION A, LINE 6 TU HAS 8 CLASSES OF MEMBERSHIP: REGULAR, FAMILY, TEEN, YOUTH, LIFE, GIFT, GRIFFITH CIRCLE, AND BUSINESS. SOMEONE BECOMES A MEMBER OF TU BY PAYING AT LEAST THE REGULAR ANNUAL MEMBERSHIP PRICE, WHICH GIVES THEM ONE VOTE AT THE ANNUAL MEETING. FORM 990, PART VI, SECTION A, LINE 7A THE NOMINATING COMMITTEE OF THE BOARD PRESENTS THE SLATE OF BOARD MEMBERS AT THE ANNUAL MEETING OF TU FOR APPROVAL BY THE MEMBERSHIP. ANY MEMBER IN GOOD STANDING THAT IS PRESENT OR WHO HAS SUBMITTED A PROXY IN ADVANCE OF THE MEETING IS ALLOWED TO VOTE ON THE SLATE. FORM 990, PART VI, SECTION A, LINE 7B THE MEMBERSHIP ONLY APPROVES THE SLATE OF BOARD MEMBERS AND CHANGES TO THE BYLAWS AS PRESENTED AT THE ANNUAL MEETING. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PREPARED BY THE OUTSIDE ACCOUNTANTS AND REVIEWED BY THE CFO AND THE CONTROLLER. A COPY OF THE FORM 990 WAS MADE ELECTRONICALLY AVAILABLE TO ALL BOARD MEMBERS PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C A COPY OF THE CONFLICT OF INTEREST POLICY AND A QUESTIONNAIRE CONCERNING BUSINESS RELATIONSHIPS IS SENT TO ALL BOARD MEMBERS EACH FISCAL YEAR. THE BOARD MEMBERS RETURN THE COMPLETED QUESTIONNAIRE TO THE NOMINATING AND GOVERNANCE COMMITTEE OF THE BOARD OF TRUSTEES, WHO MONITORS COMPLIANCE WITH THE POLICY. EACH EMPLOYEE HAS A DUTY TO DISCLOSE TO THE CHIEF OPERATING OFFICER THE MATERIAL FACTS OF ANY PROPOSED TRANSACTION OF TU IN WHICH SUCH PERSON HAS ANY ACTUAL OR POTENTIAL CONFLICT OF INTEREST. AN EMPLOYEE HAVING AN ACTUAL OR PROPOSED CONFLICT OF INTEREST SHALL NOT PARTICIPATE IN THE DELIBERATIONS OR DECISION-MAKING PROCESS OF TU REGARDING THE MATTER UNDER CONSIDERATION. HOWEVER, HE OR SHE SHALL PROVIDE TU WITH ANY AND ALL RELEVANT INFORMATION REGARDING THE MATTER. THE CHIEF OPERATING OFFICER SHALL TAKE SUCH ADDITIONAL ACTION AS MAY BE REQUIRED TO ENSURE THAT THE CONFLICT OF INTEREST IS RESOLVED, AND SHALL MAINTAIN A RECORD OF THE EXISTENCE AND RESOLUTION OF THE CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 THE CHAIRMAN OF THE BOARD APPOINTS A COMPENSATION COMMITTEE THAT CONSISTS OF NON-COMPENSATED BOARD MEMBERS, INCLUDING THE CHAIRMAN. THIS COMMITTEE MEETS AT LEAST ANNUALLY TO REVIEW THE COMPENSATION PACKAGES FOR THE CEO AND OTHER KEY EMPLOYEES, AND COMPARE THE PACKAGES TO THE GENERAL MARKET AND SIMILAR NON-PROFIT ORGANIZATIONS, ALONG WITH THE RESULTS OF AN INDEPENDENT SALARY SURVEY CONDUCTED BY AN EXTERNAL CONSULTANT. THEY ALSO REVIEW THE WORK PLANS AND ACCOMPLISHMENTS AND TAKE INTO CONSIDERATION THE EVALUATIONS OF KEY EMPLOYEES WHEN DETERMINING THE FINAL COMPENSATION. COMPENSATION REVIEWS FOR THE CEO AND OTHER KEY EMPLOYEES ARE DONE ON AN ANNUAL OR FISCAL YEAR BASIS, MOST RECENTLY IN JANUARY 2025. FORM 990, PART VI, SECTION C, LINE 19 TU POSTS ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, TAX RETURNS AND FINANCIAL STATEMENTS ON ITS WEBSITE AND WILL MAKE COPIES OF THE DOCUMENTS AVAILABLE UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). FORM 990, PART IX, LINE 11G PROFESSIONAL CONSULTANTS: PROGRAM SERVICE EXPENSES 17,955,652. MANAGEMENT AND GENERAL EXPENSES 866,714. FUNDRAISING EXPENSES 92,008. TOTAL EXPENSES 18,914,374. CONSTRUCTION CONTRACTORS: PROGRAM SERVICE EXPENSES 33,597,851. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 33,597,851.