2024-10-28T15:33:37-04:00 2023-12-31 541451026 HARRIS HARDY & JOHNSTONE PC 300 ARBORETUM PL STE 660 RICHMOND VA 23236 990 2023-01-01 463255354 BROAD WATER INNOVATIONS BROA 8046871869 2108 W LABURNUM AVE SUITE 115 RICHMOND VA 23227 THOMAS CLARKSON EXECUTIVE DIRECTOR 8046871869 2024-09-24 true true BRIAN W MINOR CPA P01395229 8045600560 2024-09-24 2023 2024-10-15 13:58:12Z X THOMAS CLARKSON 2108 W LABURNUM AVE SUITE 115 RICHMOND VA 23227 536618 false X BROADWATERINNOVATIONS.ORG X 2018 VA CONSERVATION EASEMENT HOLDER AND LONG-TERM STEWARD OF WETLAND, STREAM, AND SPECIES MITIGATION BANKS. 6 6 2 0 15000 0 137500 535568 191 1050 0 152691 536618 0 0 44299 0 0 170719 212585 170719 256884 -18028 279734 43913 332242 1656 43913 330586 CONSERVATION EASEMENT HOLDER AND LONG-TERM STEWARD OF WETLAND, STREAM, AND SPECIES MITIGATION BANKS. false false 216516 535568 ACQUIRES, HOLDS, MAINTAINS, CONSERVES, AND PROTECTS LAND OR LAND INTEREST IN PERPETUITY AND TO PROVIDE AND PRESERVE OUTDOOR RECREATION, NATURAL OPEN SPACE, AND BIODIVERSITY. PROMOTES PUBLIC AWARENESS AND EDUCATION TO THE VALUE AND BENEFIT OF PARTICULAR PROGRAMS AND POLICIES FOR THE MANAGEMENT OF ENVIRONMENTAL ISSUES AND CONDITIONS. 216516 true false false false false false true false true false false false false false false true true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 12 0 2 true false false false false false false false false false false false false false false X 6 6 false false false false false false false true true false false true true true true false true false false false X X THE ORGANIZATION 8046871869 2108 W LABURNUM AVE SUITE 115 RICHMOND VA 23227 KERRY HUTCHERSON PRESIDENT 1.00 X X 0 0 0 JAMES PARKER TREASURER 1.00 X X 0 0 0 AARON REVERE DIRECTOR 1.00 X 0 0 0 KYLE HART DIRECTOR 1.00 X 0 0 0 TARA KELLY DIRECTOR 1.00 X 0 0 0 DARIN STRICKLAND DIRECTOR 1.00 X 0 0 0 THOMAS CLARKSON EXECUTIVE DI 30.00 X 75000 0 0 75000 false false false CONSERVATION EASEMENT FEES 531390 425750 425750 LONG-TERM STEWARDSHIP FEES 531390 109818 109818 535568 1050 1050 536618 535568 1050 X 22500 20250 2250 18651 13988 4663 3148 2619 529 79251 79251 8213 8213 90269 81242 9027 799 799 3750 3000 750 5605 5605 5994 599 5395 DUES AND SUBSCRIPTIONS 13241 9931 3310 OFFICE EXPENSE 5415 5415 TAXES AND LICENSES 31 31 BANK CHARGES 17 17 256884 216516 40368 0 11774 295639 31039 36603 1100 43913 332242 1656 0 1656 X 43913 330586 43913 330586 43913 332242 X 279734 6939 X X false true X true false X 26000 7010 15000 48010 26000 7010 15000 48010 48010 142 191 1050 1383 49393 673068 0.97200 0.99310 X X 29 4205.67 9 true true 735719 799036 1534755 false X 536618 536618 536618 256884 256884 256884 SCHEDULE D, PAGE 1, PART II, LINE 5 MONITORING AND ENFORCEMENT POLICIES AVAILABLE UPON REQUEST. SCHEDULE D, PAGE 1, PART II, LINE 9 CONSERVATION EASEMENT FEES ARE AND LONG-TERM STEWARDSHIP FEES ARE RECORDED AS PROGRAM SERVICE REVENUE IN THE STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN NET ASSETS - MODIFIED CASH BASIS. SCHEDULE D, PAGE 2, PART IV, LINE 1B THE ACCOUNT IS A MITIGATION BANK ENDOWMENT IN WHICH THE ORGANIZATION IS THE EASEMENT HOLDER AND LONG-TERM STEWARD. THE ACCOUNT IS MANAGED BY THE BANK AND INCOME AND PRINCIPAL, WHEN NEEDED, FROM THIS ACCOUNT IS PAID TO THE ORGANIZATION FOR MANAGEMENT AND STEWARDSHIP IN PERPETUITY. SCHEDULE D, PAGE 3, PART X THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THAT GUIDANCE, THE ORGANIZATION MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES BASED ON THE TECHNICAL MERITS OF THE POSITION. EXAMPLES OF TAX POSITIONS INCLUDE THE TAX-EXEMPT STATUS OF THE ORGANIZATION AND VARIOUS POSITIONS RELATED TO THE POTENTIAL SOURCES OF UNRELATED BUSINESS TAXABLE INCOME (UBTI). THE ORGANIZATION HAS RECOGNIZED NO UNCERTAIN TAX POSITIONS FOR THE YEAR ENDED DECEMBER 31, 2023. FORM 990, PAGE 6, PART VI, LINE 11B A COPY OF THE 990 WILL BE MADE AVAILABLE TO THE GOVERNING BODY FOR REVIEW PRIOR TO FILING. FORM 990, PAGE 6, PART VI, LINE 12C THE ORGANIZATION REQUIRES OFFICERS, DIRECTORS, AND KEY EMPLOYEES TO DISCLOSEANNUALLY ANY POTENTIAL CONFLICTS OF INTEREST. IF A CONFLICT OF INTEREST EXISTS, OFFICERS, DIRECTORS, AND KEY EMPLOYEES ARE RECUSED FROM VOTING ON MATTERS RELATED TO THE CONFLICT OF INTEREST. FORM 990, PAGE 6, PART VI, LINE 19 THE ORGANIZATION WILL MAKE ITS GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTANTS 81,242 9,027 0 FORM 990, PART XI, LINE 9 CHANGE IN ACCOUNTING METHOD 6,939 THE ACCOUNTING METHOD WAS CHANGED TO MODIFIED CASH BASIS IN ORDER TO MATCH THE AUDITED FINANCIAL STATEMENTS. THIS ELIMINATED THE UNREALIZED GAINS AND LOSSES ON INVESTMENTS FROM PRIOR YEARS. FORM 990, PAGE 12, PART XII, LINE 1 THE ACCOUNTING METHOD WAS CHANGED TO MODIFIED CASH BASIS TO MATCH THE AUDITED FINANCIAL STATEMENTS.