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CHARITY REVIEW
Issued: July 2024 Expires: July 2026

Trout Unlimited

Accredited Charity
Accredited Charity

Meets Standards
(800) 834-2419
1777 North Kent Street, Suite 100
Arlington, VA, 22209
https://www.tu.org
📄 Full Report 🖨️ Print 📋 BBB Charity Standards

Standards For Charity Accountability

Governance

  1. Board Oversight
  2. Board Size
  3. Board Meetings
  4. Board Compensation
  5. Conflict of Interest

Measuring Effectiveness

  1. Effectiveness Policy
  2. Effectiveness Report

Finances

  1. Program Expenses
  2. Fundraising Expenses
  3. Accumulating Funds
  4. Audit Report
  5. Detailed Expense Breakdown
  6. Accurate Expense Reporting
  7. Budget Plan

Fundraising & Info

  1. Truthful Materials
  2. Annual Report
  3. Website Disclosures
  4. Donor Privacy
  5. Cause Marketing Disclosures
  6. Complaints

Trout Unlimited meets the 20 Standards for Charity Accountability.

Stated Purpose:
"to conserve, protect, and restore North America's cold-water fisheries and their watersheds."

Year, State Incorporated:
1959, MI

Trout Unlimited reports that it works to care for and recover rivers and streams in North America. The organization's major programs include: habitat restoration initiatives in the Northeast, Mid-Atlantic, Southeast, Great Lakes, and Driftless Area; protection of high-quality trout habitats, including brook trout strongholds in Maine and wild trout stream designations in Pennsylvania; advocacy for policies that advance trout and salmon conservation; and scientific assessment and monitoring to evaluate the progress of conservation initiatives. In 2023, the organization stated that it protected 10,000,000 million acres of watershed landscapes, operated 3,058 conservation monitoring projects, and restored 467 miles of rivers and streams.

For the year ended March 31, 2023, Trout Unlimited's program expenses were:

Conservation operations $46,254,113
Volunteer operations and chapter support $3,679,004
Communications $2,676,064
Government affairs $637,458
Total Program Expenses $53,246,639

Chief Executive
Chris Wood, President and Chief Executive Officer

Compensation*
$462,591

Chair of the Board
Harris "Terry" Hyman, IV

Chair's Profession / Business Affiliation
Senior Executive Partner, Thomas H. Lee Partners

Board Size
33

Paid Staff Size
327

*2022 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.

Method(s) Used:
Direct mail appeals, Grant proposals, Internet, Direct mail appeals, Membership appeals, Planned giving arrangements, Print advertisements (newspapers, magazines, etc.)

Trout Unlimited incurred joint costs of $1,534,275 for informational materials and activities that included fundraising materials. Of those costs $1,078,768 was allocated to fundraising expenses and $455,507 was allocated to program expenses.

Fundraising costs were 11% of related contributions. (Related contributions, which totaled $62,928,478, are donations received as a result of fundraising activities.)

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.

The following information is based on Trout Unlimited's audited financial statements for the year ended March 31, 2023.

Source of Funds
U.S. Government $20,695,794
Individual contributions $11,809,127
Foundation grants $10,139,906
State and local grants $9,053,162
Membership contributions $5,294,319
Other grants and contributions $4,717,664
Bequests $861,664
Landowner projects $603,463
In-kind contributions $356,842
Membership fees $317,625
Other income $222,637
Investment income, net $-445,535
Total Income $63,626,668

Programs: 78% Fundraising: 10% Administrative: 12%

Total Income $63,626,668
Total expenses: $68,628,429
  Program expenses $53,246,639
  Fundraising expenses $7,171,174
  Administrative expenses $8,210,616
  Other expenses $0
Income in Excess of Expenses $-5,001,761
Beginning Net Assets $45,044,150
Other Changes In Net Assets $0
Ending Net Assets $40,042,389
Total Liabilities $6,471,678
Total Assets $46,514,067

Note: According to Trout Unlimited's audited financial statements for the year ended March 31, 2023, the organization received $356,842 in contributed goods and services including supplies ($259,042), IT services ($59,200), and software ($38,600).

An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the International Association of Better Business Bureaus.

This report is not to be used for fundraising or promotional purposes.

RELATED CONTENT

Report completed by:
BBB Wise Giving Alliance