GOLD2024

Lake Monroe Water Fund Inc

Bloomington, IN   |  https://www.lakemonroewaterfund.org/

Mission

The Lake Monroe Water Fund was created for public, educational, and charitable purposes, including developing a durable and reliable structure that will facilitate community investment in mutually beneficial watershed and water protection practices to ensure that Lake Monroe provides an abundant supply of high quality water for people, wildlife, business, and recreation.

Ruling year info

2021

Principal Officer

Michelle Cohen

Main address

642 N Madison St

Bloomington, IN 47404 USA

Show more contact info

EIN

86-1645499

NTEE code info

Water Resource, Wetlands Conservation and Management (C32)

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

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Communication

Programs and results

What we aim to solve

SOURCE: Self-reported by organization

Lake Monroe is the largest inland lake (reservoir) in Indiana at nearly 11,000 acres, and was built in 1960s by the Army Corps of Engineers for flood control. Today 130,000-150,000 people rely on its drinking water. Not only that, but 1.5 million annual visitors enjoy Lake Monroe: from sailing to swimming, boating, fishing and more. Over 6,000 businesses in the area contributing $6.4 billion in GDP, all of which are reliant the local economy. Lake Monroe is home to the once endangered Bald Eagle, and hosts a wide array of flora and fauna. Lake Monroe's water quality needs to be protected from nutrient and sediment pollution. The Lake Monroe Water Fund is one of approximately 43 water funds sparked by The Nature Conservancy across the world to meet local freshwater needs. Incorporated as a 501c(3) nonprofit organization in 2021, we are the first water fund in Indiana and support projects upstream of Lake Monroe reservoir that help protect its water quality.

Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Lawns, Gardens, & Farms

Our Program Area focusing on Lawns, Gardens, and Farms aims to help landowners in a variety of ways to protect water quality. Practices we encourage and support include:
- Minimizing fertilizer
- Reducing invasive plant species
- Increasing the number and type of native plants
- Excluding livestock from streams
- Installing riparian buffers, cover crops and other nature-based solutions
These practices reduce nutrient and sediment runoff, keeping pollutants out of our waterways.

Population(s) Served
Adults
Farmers

Our Program Area focusing on Forests & Woodlands aims to help public and private landowners in a variety of ways to protect water quality. Practices we encourage and support include:
- Reducing invasive plant species
- Increasing the number and type of native trees and plants
- Best practices for trail design and maintenance
- Installing riparian buffers and other nature-based solutions
- Streambank restoration
These practices reduce sediment and associated nutrient runoff, keeping pollutants out of our waterways.

Population(s) Served
Adults
Children and youth

Our Program Area focusing on Septic Systems aims to help septic system owners in a variety of ways to protect water quality. Practices we encourage and support include:
- Regularly maintaining existing well-functioning septic systems by inspecting them and pumping the tank
- Repairing or replacing poorly functioning septic systems
- Providing financial assistance for septic system maintenance, repair, or replacement
These practices reduce nutrient runoff, keeping pollutants and disease-causing microorganisms out of our waterways.

Population(s) Served
Adults
Adults
Extremely poor people
Low-income people
Working poor

Where we work

Our Sustainable Development Goals

SOURCE: Self-reported by organization

Learn more about Sustainable Development Goals.

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

We promote, catalyze, and invest in nature-based solutions and practical remedies across the 440 square-mile five-county watershed that drains into Lake Monroe. Our key focus areas include planting native vegetation/trees, minimizing fertilizer use, and boosting homeowners ability to prevent or fix leaking septic systems.

Because sufficient quantities of clean water underpin optimum human health, sustainable food production, a robust local economy, and the integrity of natural systems, our work is critical now and for future generations.

We focus on developing the financial and other resources needed to implement shovel-ready projects that will reduce nutrient and sediment pollution in the Lake Monroe watershed. These projects fall into three main program areas: Lawns, Gardens & Farms; Forests & Woodlands; and Septic Systems. We pair educating watershed residents with real world tools and program opportunities to maximize the likelihood that they will act on their new-found knowledge of best practices.

Our goal is to ensure that water quality projects come to fruition, whether funded and managed by our organization, or through partnerships where we attract and distribute the necessary resources to other capable entities. Establishing powerful ongoing relationships with government agencies, civic and environmental organizations, funders, and other stakeholders is critical to our success.


The water fund has a strong, highly engaged and dedicated board of directors representing major stakeholders in the Lake Monroe Watershed. Our board members have a wide range of professional experience, from private sector venture capitalism to local government economic development to non-profit freshwater science.

We have robust grant writing skills, resulting in a 100% application success rate, with nearly all proposals fully-funded.

In our first several years our activities have been expanding at a solid pace with an upward trajectory, while building sustainable funding sources to ensure that we can maintain this momentum.

We have secured funding for or implemented shovel-ready projects in all three primary focus areas upstream of Lake Monroe:
- Planted 900 native trees/shrubs and 600 willow stakes along Clay Lick Creek
- Improved septic system awareness and function for 65 households by providing $200 each toward their tank pumping or inspection costs
- Reduced runoff of nutrients that feed algal blooms by providing 500+ landowners with a free soil test so they can minimize their use of fertilizer

We are on track to:
- Spearhead a stakeholder group that will establish a public/private finance mechanism for septic system owners to repair or replace poorly-functioning systems
- Assist in excluding horses from accessing Clay Lick Creek
- Garner a professional assessment of the monetary value of ecosystem services and nature based solutions and in our watershed
- Develop our strategic plan

Financials

Lake Monroe Water Fund Inc
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Operations

The people, governance practices, and partners that make the organization tick.

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Connect with nonprofit leaders

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  • Analyze a variety of pre-calculated financial metrics
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Lake Monroe Water Fund Inc

Board of directors
as of 03/07/2024
SOURCE: Self-reported by organization
Board chair

Jane Martin

Organizational demographics

SOURCE: Self-reported; last updated 3/6/2024

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

The organization's leader identifies as:

Race & ethnicity
White/Caucasian/European
Gender identity
Female, Not transgender
Sexual orientation
Decline to state
Disability status
Decline to state

Race & ethnicity

No data

Gender identity

No data

Transgender Identity

No data

Sexual orientation

No data

Disability

No data