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Wabash River Enhancement Corp

EIN 20-1337591 · Lafayette, IN

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthGood85 out of 100GovernanceGood80 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

TO IMPROVE THE QUALITY OF LIFE IN THE WABASH RIVER CORRIDOR BY PROVIDING SUSTAINABLE OPPORTUNITIES TO IMPROVE HEALTH, RECREATION, EDUCATION, ECONOMIC DEVELOPMENT, AND ENVIRONMENTAL MANAGEMENT.

Income
$4.1 million
Spending
$2.2 million
Spent on programs
96%
Reserves
5.9 months of spending
Largest source of income
government grants, 76%
Employees
5
Volunteers
450
Highest pay
$90,648, executive di

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Good: 85 out of 100. Higher than 59% of charities in its peer group (environment, $1m to $10m).

  • Reserves

    20 of 35

    Spendable reserves would cover 5.9 months of spending.

  • Debt

    20 of 20

    It owes 2% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 47% of income.

  • Income trend

    15 of 15

    Income rose 14% on the year before.

  • Spending floor

    15 of 15

    96% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Good: 80 out of 100. Higher than 25% of charities in its peer group (environment, $1m to $10m).

  • Independent board

    25 of 25

    10 of 10 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    0 of 7

    Reports no written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    0 of 5

    Reports no independent review process for its chief executive's pay.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (1)
  1. $2.1 million spent. IN 2024, WREC CONTINUED TO ADVANCE ITS MISSION TO ENHANCE THE WABASH RIVER CORRIDOR AS FOLLOWS: -WREC COMPLETED IMPLEMENTATION OF A 570K FOLLOW UP (342K/EPA FUNDS AND 228K IN LOCAL MATCH: IN-KIND/FUNDS) -WREC CONTINUED TO PARTNER WITH THE GREATER LAFAYETTE READI REGION IN THE STATE OF INDIANA'S REGIONAL ECONOMIC ACCELERATION, AND DEVELOPMENT INITIATIVE (READI), A REGIONAL ECONOMIC DEVELOPMENT PROGRAM (5.55M IN READI FUNDING FOR THE REGIONAL WABASH RIVER GREENWAY WITH FUNDS TO BE ALLOCATED TO EACH COUNTY FOR ITS WRG PROJECT). THE OVERALL WRG READI FUNDS WILL BE MATCHED LOCALLY BY APPROXIMATELY 16.9M. THE TIPPECANOE COUNTY READI PROJECT WILL CONSTRUCT THE NORTH RIVER ROAD (NRR) TRAIL HEAD PROJECT WHICH CONSISTS OF THE WL SAGAMORE PARKWAY CONNECTOR TRAIL (SOLDIERS HOME RD - WEST LANDING OF THE SAGAMORE PARKWAY VEHICULAR BRIDGE PROTECTED BIKE LANE), A NRR TRAIL HEAD PARKING LOT AND CONNECTOR TRAIL FROM THE PARKING LOT TO THE WL CONNECTOR TRAIL; A CONNECTOR TRAIL ON THE LAFAYETTE SIDE OF THE RIVER CONNECTING FROM THE EAST LANDING OF THE SAGAMORE PARKWAY VEHICULAR BRIDGE PROTECTED BIKE LANE DOWN TO THE EXISTING WABASH RIVER HERITAGE TRAIL; AND A CANOE/KAYAK PUT-IN/TAKE-OUT FACILITY ON NRR. THE TC READI PROJECT WAS ALLOCATED 2.925M OF READI FUNDS AND WAS MATCHED WITH 13.3M OF THE OVERALL LOCAL MATCH FUNDING. -WREC CONTINUED ITS PARTNERSHIP WITH THE CITY OF LAFAYETTE TO COMPLETE THE 2.7M IN DEPT OF NATURAL RESOUCES NEXT LEVEL TRAILS GRANT PROJECT TO CONSTRUCT THE LAFAYETTE SAGAMORE PARKWAY CONNECTOR TRAIL. THE CITY OF LAFAYETTE SEVED AS THE LOCAL GRANTEE FOR THE PROJECT. THE PROJECT CONNECTS TO THE TIPPECANOE COUNTY READI PROJECT. THE PROJECT WAS COMPLETED WITH THE TRAIL OPENING ON OCTOBER 29, 2024. -WREC RECEIVED A 464,500 CONTRIBUTION FROM TIPPECANOE COUNTY TO FUND ROW ENGINEERING AND SERVICES FOR CONTINUING ITS NORTH RIVER ROAD (NRR)ROW ACQUISITION PROGRAM IN SUPPORT OF THE UPCOMING WRG TRAIL PROJECT ALONG NRR. -WREC CONTINUED ITS EDUCATION AND OUTREACH EFFORTS HOSTING THE COMMUNITYY'S POPULAR WABASH RIVERFEST COMMUNITY FESTIVAL, LEADING A GREEN TOUR TO HIGHLIGHT GREEN INFRASTRUCTURE FUNDED THROUGH WREC'S WATERSHED COST SHARE PROGRAM, LEADING BI-ANNUAL WATERSHED WATER SAMPLINGBLITZ EVENTS, AND PARTNERING WITH COMMUNITY ORGANIZATIONS TO HOLD BI-ANNUAL DE-TRASH THE WABASH CLEANUP EVENTS AND INVASIVE PLANT MANAGEMENT WORKDAYS. IN 2024, WREC CONTINUED TO ADVANCE ITS MISSION TO ENHANCE THE WABASH RIVER CORRIDOR AS FOLLOWS: -WREC COMPLETED IMPLEMENTATION OF A 570K FOLLOW UP (342K/EPA FUNDS AND 228K IN LOCAL MATCH: IN-KIND/FUNDS) -WREC CONTINUED TO PARTNER WITH THE GREATER LAFAYETTE READI REGION IN THE STATE OF INDIANA'S REGIONAL ECONOMIC ACCELERATION, AND DEVELOPMENT INITIATIVE (READI), A REGIONAL ECONOMIC DEVELOPMENT PROGRAM (5.55M IN READI FUNDING FOR THE REGIONAL WABASH RIVER GREENWAY WITH FUNDS TO BE ALLOCATED TO EACH COUNTY FOR ITS WRG PROJECT). THE OVERALL WRG READI FUNDS WILL BE MATCHED LOCALLY BY APPROXIMATELY 16.9M. THE TIPPECANOE COUNTY READI PROJECT WILL CONSTRUCT THE NORTH RIVER ROAD (NRR) TRAIL HEAD PROJECT WHICH CONSISTS OF THE WL SAGAMORE PARKWAY CONNECTOR TRAIL (SOLDIERS HOME RD - WEST LANDING OF THE SAGAMORE PARKWAY VEHICULAR BRIDGE PROTECTED BIKE LANE), A NRR TRAIL HEAD PARKING LOT AND CONNECTOR TRAIL FROM THE PARKING LOT TO THE WL CONNECTOR TRAIL; A CONNECTOR TRAIL ON THE LAFAYETTE SIDE OF THE RIVER CONNECTING FROM THE EAST LANDING OF THE SAGAMORE PARKWAY VEHICULAR BRIDGE PROTECTED BIKE LANE DOWN TO THE EXISTING WABASH RIVER HERITAGE TRAIL; AND A CANOE/KAYAK PUT-IN/TAKE-OUT FACILITY ON NRR. THE TC READI PROJECT WAS ALLOCATED 2.925M OF READI FUNDS AND WAS MATCHED WITH 13.3M OF THE OVERALL LOCAL MATCH FUNDING. -WREC CONTINUED ITS PARTNERSHIP WITH THE CITY OF LAFAYETTE TO COMPLETE THE 2.7M IN DEPT OF NATURAL RESOUCES NEXT LEVEL TRAILS GRANT PROJECT TO CONSTRUCT THE LAFAYETTE SAGAMORE PARKWAY CONNECTOR TRAIL. THE CITY OF LAFAYETTE SEVED AS THE LOCAL GRANTEE FOR THE PROJECT. THE PROJECT CONNECTS TO THE TIPPECANOE COUNTY READI PROJECT. THE PROJECT WAS COMPLETED WITH THE TRAIL OPENING ON OCTOBER 29, 2024. -WREC RECEIVED A 464,500 CONTRIBUTION FROM TIPPECANOE COUNTY TO FUND ROW ENGINEERING AND SERVICES FOR CONTINUING ITS NORTH RIVER ROAD (NRR)ROW ACQUISITION PROGRAM IN SUPPORT OF THE UPCOMING WRG TRAIL PROJECT ALONG NRR. -WREC CONTINUED ITS EDUCATION AND OUTREACH EFFORTS HOSTING THE COMMUNITYY'S POPULAR WABASH RIVERFEST COMMUNITY FESTIVAL, LEADING A GREEN TOUR TO HIGHLIGHT GREEN INFRASTRUCTURE FUNDED THROUGH WREC'S WATERSHED COST SHARE PROGRAM, LEADING BI-ANNUAL WATERSHED WATER SAMPLINGBLITZ EVENTS, AND PARTNERING WITH COMMUNITY ORGANIZATIONS TO HOLD BI-ANNUAL DE-TRASH THE WABASH CLEANUP EVENTS AND INVASIVE PLANT MANAGEMENT WORKDAYS.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since January 2005.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.