TY 2019 Form 990

- TIN:

Form990

Department of the TreasuryInternal Revenue Service

Return of Organization Exempt From Income Tax

Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except private foundations)

Do not enter social security numbers on this form as it may be made public.

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2019

Open to Public Inspection

A For the 2019 calendar year, or tax year beginning 04-01-2019 , and ending 03-31-2020

BCheck if applicable: Address change Name change Initial return Final return/terminated Amended return Application pending

CName of organization
TROUT UNLIMITED INC

Doing business as

Number and street (or P.O. box if mail is not delivered to street address)
1777 NORTH KENT STREET NO 100

Room/suite

City or town, state or province, country, and ZIP or foreign postal code
ARLINGTON, VA22209

D Employer identification number

38-1612715

E Telephone number

G Gross receipts $ 65,505,654

F Name and address of principal officer:
CHRISTOPHER WOOD
1777 NORTH KENT STREET NO 100
ARLINGTON,VA22209

Tax-exempt status: 501(c)(3) 501(c) ( ) LeftBullet

(insert no.) 4947(a)(1) or 527

Website:

WWW.TU.ORG

H(a)

Is this a group return for
subordinates? Yes No

H(b)

Are all subordinates
included?

Yes No

If "No," attach a list. (see instructions)

H(c)

Group exemption number MediumBullet

K Form of organization: Corporation Trust Association Other MediumBullet

L Year of formation: 1959

M State of legal domicile: MI

Part I

Summary

1	Briefly describe the organization’s mission or most significant activities: TO CONSERVE, PROTECT, AND RESTORE NORTH AMERICA'S COLDWATER FISHERIES AND THEIR WATERSHEDS.
2	Check this box
3	Number of voting members of the governing body (Part VI, line 1a) ........	3	32
4	Number of independent voting members of the governing body (Part VI, line 1b) .....	4	31
5	Total number of individuals employed in calendar year 2019 (Part V, line 2a) ......	5	324
6	Total number of volunteers (estimate if necessary) .............	6	17,182
7a	Total unrelated business revenue from Part VIII, column (C), line 12 ........	7a	270,245
b	Net unrelated business taxable income from Form 990-T, line 39 .........	7b	-500

		Prior Year	Current Year
8	Contributions and grants (Part VIII, line 1h) .........	23,757,769	55,081,301
9	Program service revenue (Part VIII, line 2g) .........	2,797,703	5,265,845
10	Investment income (Part VIII, column (A), lines 3, 4, and 7d ) ....	66,870	-453,849
11	Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e)	282,186	498,264
12	Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)	26,904,528	60,391,561
13	Grants and similar amounts paid (Part IX, column (A), lines 1–3 )...	888,618	841,313
14	Benefits paid to or for members (Part IX, column (A), line 4).....	0	0
15	Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10)	9,919,161	20,496,627
16a	Professional fundraising fees (Part IX, column (A), line 11e) .....	0	0
b	Total fundraising expenses (Part IX, column (D), line 25) 2,016,464
17	Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e)....	15,208,689	36,565,813
18	Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25)	26,016,468	57,903,753
19	Revenue less expenses. Subtract line 18 from line 12.......	888,060	2,487,808
		Beginning of Current Year	End of Year
20	Total assets (Part X, line 16).............	26,961,423	30,704,564
21	Total liabilities (Part X, line 26).............	3,817,174	4,970,680
22	Net assets or fund balances. Subtract line 21 from line 20.....	23,144,249	25,733,884

Part II

Signature Block

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than officer) is based on all information of which preparer has any knowledge.

Sign Here

	Signature of officer	Date

	Type or print name and title

Paid Preparer Use Only

Print/Type preparer's name

Preparer's signature

Date

Check if
self-employed

PTIN

Firm's name MediumBullet

Firm's EIN MediumBullet

Firm's address MediumBullet

Phone no.

May the IRS discuss this return with the preparer shown above? (see instructions) ..........YesNo

For Paperwork Reduction Act Notice, see the separate instructions.

Cat. No. 11282Y Form 990 (2019)

Form 990 (2019)

Page 2

Part III

Statement of Program Service Accomplishments

Check if Schedule O contains a response or note to any line in this Part III..............

Briefly describe the organization’s mission: TO CONSERVE, PROTECT, AND RESTORE NORTH AMERICA'S COLDWATER FISHERIES AND THEIR WATERSHEDS.

Did the organization undertake any significant program services during the year which were not listed on
the prior Form 990 or 990-EZ? ..................... Yes No

If "Yes," describe these new services on Schedule O.

Did the organization cease conducting, or make significant changes in how it conducts, any program
services? ........................... Yes No

If "Yes," describe these changes on Schedule O.

Describe the organization’s program service accomplishments for each of its three largest program services, as measured by expenses. Section 501(c)(3) and 501(c)(4) organizations are required to report the amount of grants and allocations to others, the total expenses, and revenue, if any, for each program service reported.


4a	(Code: ) (Expenses $ 5,171,026 including grants of $ 15,000 ) (Revenue $ 558,480 )
	PROTECT:IN 2020, TU PROTECTED 78,000 RIVER MILES AND ADDED PROTECTION ON 4,032,150 ACRES. SIGNED IN MARCH 2019, THE JOHN D. DINGELL, JR. CONSERVATION, MANAGEMENT AND RECREATION ACT OF 2019. TU PLAYED A SIGNIFICANT ROLE IN PERMANENTLY REAUTHORIZING THE LAND AND WATER CONSERVATION FUND, THE FRANK AND JEANNE MOORE WILD STEELHEAD SPECIAL MANAGEMENT AREA DESIGNATION, MINERAL WITHDRAWALS IN MONTANA AND WASHINGTON, WILDERNESS IN NEW MEXICO, 250 MILES OF NEW WILD AND SCENIC RIVER DESIGNATION IN OREGON (OREGON WILDLANDS ACT), 76 MILES OF WILD AND SCENIC RIVER DESIGNATION IN CALIFORNIA, AND THE YAKIMA BASIN WATER ENHANCEMENT ACT. THE ACT ALSO INCLUDED DESIGNATION OF THE 30,000-ACRE DEVIL'S STAIRCASE WILDERNESS AREA NORTH OF THE UMPQUA RIVER, EAST OF THE TOWN OF REEDSPORT. INCLUDED WITHIN DEVIL'S STAIRCASE WILDERNESS ARE FRANKLIN AND WASSON CREEKS, WHICH PROVIDE QUALITY SPAWNING AND REARING HABITAT FOR COHO SALMON AND STEELHEAD.WASHINGTON STATE'S RIVERS AND STREAMS ARE MUCH BETTER PROTECTED NOW THAT TU LED A SUCCESSFUL MULTI-YEAR CAMPAIGN TO END DESTRUCTIVE SUCTION-DREDGE RECREATIONAL MINING. PERSISTENT ADVOCACY BY TU STAFF AND VOLUNTEERS GOT THE BILL THROUGH THE LEGISLATURE AND ONTO THE DESK OF GOVERNOR JAY INSLEE. THE NEW LAW BANS SUCTION DREDGE MINING IN THOUSANDS OF MILES OF CRITICAL HABITAT DESIGNATED UNDER THE ENDANGERED SPECIES ACT FOR THREATENED OR ENDANGERED SALMON, STEELHEAD, AND BULL TROUT. THE LEGISLATION WAS SUPPORTED BY A BROAD COALITION OF MORE THAN 160 BUSINESSES, NON-PROFIT ORGANIZATIONS, TRIBES AND FAITH-BASED GROUPS.IN OREGON, GOVERNOR BROWN ISSUED AN EXECUTIVE ORDER IN JUNE 2019 OFFICIALLY DESIGNATING A 17.5 MILE REACH OF THE NEHALEM RIVER AS A STATE SCENIC WATERWAY (SSW), WHICH RECOGNIZES THE UNIQUE RECREATIONAL, NATURAL, AND SCENIC QUALITIES OF THIS REACH AND PREVENTS DEGRADATION OF THESE VALUES BY DAMS, DREDGING, MINING AND OTHER RESOURCE DEVELOPMENT. TU WORKED FOR SEVERAL YEARS TO SUPPORT THE EVALUATION OF THE NEHALEM FOR POSSIBLE SSW DESIGNATION, AND TO ADVANCE THE PROPOSAL FOR THIS DESIGNATION ONCE THE REVIEW BY THE OREGON PARKS AND RECREATION DEPARTMENT WAS COMPLETED. THE RUBY MOUNTAINS IN NORTHEAST NEVADA, HOME TO LAHONTAN CUTTHROAT TROUT AND THE LARGEST MULE DEER HERD IN THE STATE, ARE THREATENED BY PROPOSED OIL AND GAS LEASING ON THE HUMBOLT-TOIYABE NATIONAL FOREST. RESPONDING TO THIS THREAT, TU HOSTED A SPORTSMEN'S ROUNDTABLE FOR SENATOR CORTEZ MASTO THAT LED TO HER SPONSORSHIP OF THE RUBY MOUNTAINS PROTECTION ACT, WHICH WOULD PERMANENTLY WITHDRAW THE FOREST SERVICE PORTION OF THE RUBY MOUNTAINS FROM FUTURE OIL AND GAS LEASING. A COMPANION BILL WAS INTRODUCED BY REPRESENTATIVE AMODEI RESULTING IN BIPARTISAN SUPPORT. LAST, TU SUCCESSFULLY OPPOSED THE PROPOSED LEASING OF 53,000 ACRES IN THE RUBY MOUNTAINS BY ADVOCATING DIRECTLY TO THE U.S. FOREST SERVICE. TU'S WORK IN THIS LANDSCAPE IS SUPPORTED BY A 14-MEMBER SPORTSMEN'S COALITION IN ELKO COUNTY AND IS WORKING CLOSELY WITH THE TE-MOAK TRIBE OF WESTERN SHOSHONE. TU SUCCESSFULLY THWARTED A PUSH BY THE STATE OF UTAH TO DEVELOP ITS OWN "ROADLESS RULE" INSTEAD OF BEING COVERED BY THE NATIONAL ROADLESS RULE. AFTER UTAH PETITIONED THE U.S. DEPARTMENT OF AGRICULTURE TO DEVELOP A STATE-SPECIFIC ROADLESS RULE, TU EDUCATED AND ORGANIZED CONSERVATIVE HOOK AND BULLET GROUPS (E.G., SPORTSMEN FOR FISH AND WILDLIFE, ROCKY MOUNTAIN ELK FOUNDATION, ETC.) IN OPPOSITION TO A STATE RULE. THESE EFFORTS PAID OFF. THE FOREST SERVICE ANNOUNCED IN JULY 2019 THAT THE STATE'S PETITION WILL "REMAIN PENDING WHILE THE STATE AND FOREST SERVICE ADDRESS THE THREAT OF UNWANTED FIRE TO COMMUNITIES AND WATERSHEDS THROUGH SHARED STEWARDSHIP." SOMETIMES THE BEST DEFENSE IS A GOOD OFFENSE, AND WE SUCCESSFULLY DEPLOYED THAT STRATEGY IN SEVERAL WESTERN STATES. WE EDUCATED POLICYMAKERS ABOUT THE IMPORTANCE OF PUBLIC LANDS TO SPORTSMEN AND WOMEN, WHICH FUELED PASSAGE OF "PUBLIC LANDS DAY" BILLS IN WYOMING AND ARIZONA. BOTH STATES HAVE A STRONG PUSH FOR PUBLIC LANDS TRANSFER BY SPECIAL INTERESTS, BUT THESE BILLS IDENTIFY A SPECIFIC DAY EACH YEAR FOR RECOGNIZING AND CELEBRATING THE BENEFITS (E.G., ECONOMIC DEVELOPMENT) OF PUBLIC LANDS. IN UTAH, THE BIRTHPLACE OF THE ANTI-PUBLIC LANDS MOVEMENT, WE MOBILIZED SPORTSMEN AND WOMEN TO GARNER SUPPORT FOR AND PASS A RESOLUTION DECLARING "UTAH IS A PUBLIC LANDS STATE AND IS COMMITTED TO PERPETUALLY REMAINING A PUBLIC LANDS STATE."IN A CONTINUING EFFORT TO WEAKEN PROTECTIONS FOR OUR NATION'S HEADWATERS, THE ARMY CORPS OF ENGINEERS AND THE ENVIRONMENTAL PROTECTION AGENCY PROPOSED TO SIGNIFICANTLY NARROW THE SCOPE OF THE CLEAN WATER RULE. THE PROPOSAL WOULD REPLACE A POSITIVE, TU-SUPPORTED 2015 RULE DESIGNED TO CLARIFY THE SCOPE OF CLEAN WATER ACT PROTECTIONS, WHICH INCLUDES PROTECTIONS FOR HEADWATERS, INTERMITTENT AND EPHEMERAL STREAMS, AND WETLANDS. THE NEW PROPOSAL (REPLACEMENT RULE) WOULD SUBSTANTIALLY WEAKEN THE CLEAN WATER ACT, ENDING PROTECTIONS FOR MILLIONS OF MILES OF STREAMS WHICH NOT ONLY PROVIDE IMPORTANT HABITAT FOR FISH AND WILDLIFE, BUT ALSO PROVIDE DRINKING WATER FOR ONE IN THREE AMERICANS. BY ENGAGING OUR GRASSROOTS, TU MEMBERS AND SUPPORTERS CONTRIBUTED MORE THAN 4,000 COMMENTS FOR THE OFFICIAL RECORD, INCLUDING 25 COUNCIL AND CHAPTER LETTERS. THE TROUT UNLIMITED SCIENCE TEAM GROUNDED THE NATIONAL CONVERSATION BY PROVIDING CUTTING EDGE DATA, RESOURCES AND MAPPING, SHOWING THE PUBLIC AND ADMINISTRATION INTERMITTENT AND EPHEMERAL STREAMS THAT WOULD LOSE PROTECTION-DATA THE GOVERNMENT CLAIMED IT DID NOT HAVE. THE AGENCY IS CURRENTLY REVIEWING THESE COMMENTS AND IS EXPECTED TO MAKE A FINAL DECISION IN APRIL 2020. THE U.S. ARMY CORPS OF ENGINEERS HAS FORMALLY RELEASED THE FINAL DRAFT OF ITS PLAN FOR STOPPING ASIAN CARP FROM REACHING THE GREAT LAKES. ASIAN CARP ARE INVASIVE SPECIES CAPABLE OF EATING 40 PERCENT OF THEIR BODY WEIGHT IN PLANKTON A DAY AND COLLAPSING NATIVE FISH COMMUNITIES. IT IS IMPERATIVE THAT WE KEEP THEM FROM MAKING THEIR WAY FROM MISSISSIPPI RIVER BASIN TO THE GREAT LAKES VIA THE CHICAGO WATERWAY SYSTEM, AND WE MUST ACT QUICKLY: IN 2017 A COMMERCIAL FISHERMAN CAUGHT A 28-INCH SILVER CARP IN CHICAGO, JUST NINE MILES FROM LAKE MICHIGAN. TU IS PUSHING STATE AND FEDERAL DECISION-MAKERS TO MOVE FORWARD WITH THE PLAN TO STOP ASIAN CARP AT THE BRANDON ROAD LOCK AND DAM ON THE DES PLAINES RIVER IN JOLIET, ILLINOIS, USING A REDUNDANT SYSTEM OF "COMPLEX NOISE," AN ELECTRICAL FIELD, AND WATER JETS, AND A SYSTEM TO FLUSH EGGS AND LARVAE OUT OF THE LOCKS.IN PENNSYLVANIA, WE HELPED PROTECT MORE THAN 650 STREAM MILES THROUGH OUR COLLABORATION WITH THE STATE'S UNASSESSED WATERS INITIATIVE, WHICH SYSTEMATICALLY DOCUMENTS PREVIOUSLY UNKNOWN WILD TROUT POPULATIONS ACROSS THE STATE. WILD TROUT STREAMS ARE GIVEN SPECIAL PROTECTIONS UNDER STATE LAW, AND THROUGH THIS PROGRAM, MORE THAN 7,000 MILES HAVE BEEN IDENTIFIED AND LISTED OVER THE PAST DECADE WITH TU'S HELP.

4b	(Code: ) (Expenses $ 19,957,172 including grants of $ 596,379 ) (Revenue $ 2,147,076 )
	RECONNECT:OPENING HIGH-QUALITY BLOCKED HABITAT IS ONE OF THE MOST IMPACTFUL FISH RESTORATION ACTIONS, AND TU IS USING THIS TOOL TO GREAT EFFECT IN CALIFORNIA AND OREGON. IN THE FOOTHILLS OF MT. LASSEN, CALIFORNIA STAFF LAUNCHED A MAJOR SALMON AND STEELHEAD PASSAGE PROJECT THAT WILL OPEN 49 MILES OF HIGH-QUALITY SPAWNING AND REARING HABITAT ON DEER CREEK, AN IMPORTANT SACRAMENTO RIVER TRIBUTARY FOR STEELHEAD AND SPRING-RUN CHINOOK SALMON. IN THE FIRST PHASE, TU PARTNERED WITH THE DEER CREEK IRRIGATION DISTRICT (DCID) TO BUILD UP- AND DOWN-STREAM PASSAGE AT DCIDS DIVERSION DAM. THE CALIFORNIA DEPARTMENT OF FISH AND WILDLIFE (CDFW) AND THE U.S. FISH AND WILDLIFE SERVICE PROVIDED $3 MILLION FOR THE PROJECT, WHICH WAS COMPLETED THIS YEAR. FOR THE SECOND PHASE, TU IS WORKING WITH THE LARGEST AND DOWNSTREAM-MOST DIVERTER ON DEER CREEK, THE STANFORD-VINA IRRIGATION COMPANY, TO DESIGN A PROJECT TO RESTORE FULL PASSAGE AT ITS DIVERSION DAM. TU IS ALSO WORKING WITH BOTH DISTRICTS ON FUTURE PROJECTS TO IMPROVE RIVER FLOWS AND WATER SUPPLIES FOR THE DISTRICTS. IN THE TILLAMOOK REGION OF OREGON'S NORTH COAST, OUR SALMON SUPERHWY PROJECT REMOVED 9 UNDERSIZED AND FAILING CULVERTS OPENING 23 MILES OF HABITAT TO SALMON AND STEELHEAD, WHILE ALSO IMPROVING THE REGION'S TRANSPORTATION INFRASTRUCTURE AND INCREASING FLOOD RESILIENCY. EAST OF THE CASCADES IN THE DESCHUTES RIVER BASIN, TU PLAYED A LEAD ROLE IN A PUBLIC-PRIVATE PARTNERSHIP THAT CONSTRUCTED FISH PASSAGE FACILITIES AT OPAL SPRINGS DAM OPENING 108 MILES OF HABITAT THAT HAD BEEN BLOCKED SINCE THE 1960S. BY RAISING THE EXISTING DAM'S POOL HEIGHT BY THREE FEET AND INSTALLING A FISH LADDER, THE FINISHED PROJECT ALLOWS FISH TO TRAVEL UP THE CROOKED RIVER, A MAIN TRIBUTARY TO THE DESCHUTES, FOR THE FIRST TIME SINCE THE 1960S. THE PROJECT WILL GENERATE AN ADDITIONAL 1,010,000 KILOWATT HOURS OF RENEWABLE ENERGY PER YEAR. THE ENCAMPMENT RIVER IN WYOMING HAD BEEN DISCONNECTED FOR MORE THAN 90 YEARS UNTIL TU COMPLETED A SERIES OF RECONNECTION PROJECTS CULMINATING WITH THE FINAL PROJECT THAT RECONNECTED THE ENTIRE ENCAMPMENT RIVER TO THE NORTH PLATTE RIVER. NEARLY 100 MILES OF HABITAT BECAME AVAILABLE FOR ALL TYPES OF FISH IN THE WATERSHED. THE PROJECT HAS SPANNED OVER A DECADE AND REQUIRED DOZENS OF PARTNERS, LANDOWNERS, A FILE CABINET WORTH OF AGREEMENTS, AND A GOOD DOSE OF GOOD FORTUNE.ON WISCONSIN'S PESHTIGO RIVER, TU REMOVED MORE FISH PASSAGE BARRIERS AND HAS NOW RECONNECTED OVER 80 MILES OF TRIBUTARIES TO THE MAIN RIVER, SO THAT BROOK TROUT CAN GROW IN THE MAIN RIVER BUT FIND COLD WATER AND CLEAN GRAVEL WHEN THEY NEED TO ESCAPE THE HEAT OR SPAWN. IN THE SOUTHERN APPALACHIANS, WHERE 80% OF BROOK TROUT HABITAT SOUTH OF ASHEVILLE, N.C. IS FOUND ON NATIONAL FOREST LANDS, TU HAS BUILT A PARTNERSHIP WITH THE U.S. FOREST SERVICE THAT HAS LED TO SEVERAL PROJECTS TO RECONNECT FRAGMENTED HABITAT. SMALL HABITAT PATCHES AND GENETIC ISOLATION ARE AMONG THE GREATEST THREATS TO THE PERSISTENCE OF OUR SOUTHERNMOST BROOK TROUT POPULATIONS, AND HABITAT RECONNECTION CAN HELP TO ADDRESS THESE LIMITATIONS.IN THE UPPER DELAWARE, TU WORKED WITH PARTNERS TO IMPROVE WATER MANAGEMENT IN THE RESERVOIRS, SPECIFICALLY TO DEVELOP A PROTOCOL FOR "THERMAL RELEASES" WHEN WATER TEMPERATURES CREEP UP IN THE SUMMER, AND A BETTER POLICY ON SUDDEN CHANGES IN FLOWS (THE SO-CALLED "YO-YO" FLOW PROBLEM). WE ARE ALSO PART OF A STUDY TO BETTER UNDERSTAND TROUT MOVEMENT IN THE BASIN, AND WE ARE REMOVING CULVERTS AND OTHER BARRIERS TO ENABLE FISH TO MOVE BETWEEN THE MAINSTEMS AND TRIBUTARIES, SUCH AS RECONNECTING FROG HOLLOW TO THE WILLOWEMOC.

4c	(Code: ) (Expenses $ 17,638,216 including grants of $ 8,555 ) (Revenue $ 1,897,593 )
	RESTORE:FOR 12 SHORT YEARS IN THE 1950'S A FLOATING DREDGE WORKED ITS WAY UP IDAHO'S YANKEE FORK VALLEY, EXCAVATING THE VALLEY BOTTOM DOWN TO BEDROCK AND DEPOSITING THE ROCKS AND COBBLE THAT LINED THE BED OF THE RIVER INTO MASSIVE PILES NEXT TO IT. THE RESULT - MORE THAN 60 YEARS LATER - IS A CHANNELIZED STREAM THAT LACKS BOTH HABITAT AND THE NATURAL PROCESSES THAT CREATE AND MAINTAIN IT. IN THE SUMMER OF 2019 WE COMPLETED THE FIRST PHASE OF A LARGE-SCALE EFFORT TO RESTORE THE YANKEE FORK BY REMOVING OVER 100,000 CUBIC YARDS OF DREDGE TAILINGS, AND BY OCTOBER OF THAT YEAR WE HAD COMPLETED PHASE 2 - THE CONSTRUCTION OF A NEW STEAM CHANNEL WITH HABITAT FEATURES AND A CONNECTED FLOODPLAIN. THE PROJECT WILL INCREASE SPAWNING AND REARING HABITAT FOR SNAKE RIVER STEELHEAD AND CHINOOK SALMON, WHILE ALSO BENEFITTING NATIVE BULL TROUT AND WESTSLOPE CUTTHROAT TROUT.IN MARCH, TU SECURED FUNDING FROM THE STATE OF CALIFORNIA FOR A GROUNDBREAKING, MULTI-BENEFIT WATER RIGHT TRANSACTION ON BATTLE CREEK - A SPRING-FED TRIBUTARY OF THE SACRAMENTO RIVER THAT HOSTS FIVE RUNS OF SALMON AND STEELHEAD. TU WILL HELP THE STATE ACQUIRE A 12 CUBIC FOOT PER SECOND WATER RIGHT FROM A RANCHING FAMILY ON LOWER BATTLE CREEK AND TRANSFER THE WATER DOWNSTREAM TO THE SACRAMENTO NATIONAL WILDLIFE REFUGE COMPLEX, WHERE IT WILL BE USED TO CREATE HABITAT FOR WATERFOWL AND OTHER WETLAND SPECIES. ALONG THE WAY, THE WATER WILL ENHANCE FLOWS IN LOWER BATTLE CREEK TO BENEFIT SALMON AND STEELHEAD, AND WILL BE PROTECTED BY A FORMAL INSTREAM FLOW DEDICATION SECURED BY TU'S CALIFORNIA WATER PROJECT.TU'S ABANDONED MINE TECHNICAL ASSISTANCE PROGRAM LEVERAGED MORE THAN $13 MILLION OVER A 13-YEAR PERIOD AND HELPED SPUR A 216-MILE INCREASE IN WILD TROUT WATER IN THE WEST BRANCH SUSQUEHANNA BASIN, WHERE STREAMS HAD PREVIOUSLY BEEN KILLED BY MINE POLLUTION. TU EXPANDED OUR TECHNICAL ASSISTANCE WORK BEYOND ABANDONED MINE PROJECTS TO OTHER HABITAT IMPROVEMENTS IN PENNSYLVANIA, AND HAS COMPLETED PROJECT DESIGN, PERMITTING, OR CONSTRUCTION OVERSIGHT ON HUNDREDS OF PROJECT SITES. IN 2019 WE LAUNCHED A NEW TECHNICAL ASSISTANCE PROGRAM IN NEW ENGLAND. THIS APPROACH ENABLES US TO LEND OUR EXPERTISE TO RESTORATION PROJECTS AND THEN LET PARTNERS HANDLE THE IMPLEMENTATION, THUS COVERING MORE GROUND THAN WE COULD IF WE MANAGED EVERY COMPONENT OF THE PROJECTS OURSELVES. THE TECHNICAL ASSISTANCE PROGRAM HAS BECOME A VALUABLE COMPLEMENT TO OUR PLACE-BASED CONSERVATION INITIATIVES.ON VERMONT AND NEW YORK'S BATTENKILL RIVER, WE JUST LAUNCHED A NEW HOME RIVERS INITIATIVE, EMBEDDING A PROFESSIONAL STAFF PERSON IN THE WATERSHED TO ENGAGE THE COMMUNITY AND IMPROVE THE FISHERY. IN THE 1990S, ANGLERS NOTICED THE DECLINE IN BROWN TROUT-DECLINES THAT WERE CONFIRMED BY SCIENTIFIC SURVEYS. IMPROVED MANAGEMENT AND THE ADDITION OF WOOD BROUGHT THAT FISHERY BACK FROM THE BRINK OF COLLAPSE. ALTHOUGH ADDING WOOD KICK-STARTED HABITAT IMPROVEMENT, IT'S ONLY PART OF A LONG-TERM RESTORATION STRATEGY. A RECENTLY COMPLETED WATERSHED ASSESSMENT HAS INDICATED THAT WE ALSO NEED TO COMPLETE RIPARIAN PLANTINGS AND IMPROVE HABITAT CONNECTIVITY.THROUGHOUT THE RANGE OF BROOK TROUT WE HAVE WORKED TO ENHANCE STRONGHOLDS THROUGH ADDITION OF LARGE WOOD. RESEARCH BY TU AND THE VERMONT FISH AND WILDLIFE DEPARTMENT HAS SHOWN AN AVERAGE 150% INCREASE IN BROOK TROUT BIOMASS IN AREAS WHERE WE ADDRESSED THE DEFICIENCY IN LARGE WOODY HABITAT. WE ADDED LARGE WOOD TO DOZENS OF MILES OF STREAMS IN NEW ENGLAND, THE MID-ATLANTIC, AND THE GREAT LAKES BASIN.

	(Code: ) (Expenses $ 3,401,449 including grants of $ 158,170 ) (Revenue $ 362,767 )
	SUSTAIN:TU VOLUNTEERS ARE ENGAGED IN THE ORGANIZATION'S CONSERVATION MISSION AND ACTIVELY PLAY A ROLE IN PROTECTING, RECONNECTING, AND RESTORING THE NATION'S TROUT AND SALMON WATERS. IN 2019, TU VOLUNTEERS CONTRIBUTED HUNDREDS OF THOUSANDS OF SERVICE HOURS, CONDUCTED THOUSANDS OF CONSERVATION PROJECTS, ENGAGEMENT ACTIVITIES AND ENVIRONMENTAL ADVOCACY EVENTS, AND COMMUNITY-BUILDING ACTIVITIES ACROSS THE COUNTRY. TU CHAPTERS AND COUNCILS DEDICATE OVER 100,000 HOURS TO YOUTH EDUCATION ACTIVITIES ANNUALLY. THROUGH PROGRAMS LIKE TROUT IN THE CLASSROOM AND SUMMER CONSERVATION AND FISHING CAMPS, GROUPS OF ENTHUSIASTIC CHILDREN ARE PROVIDED WITH THAT MAGICAL CONNECTION TO COLD, CLEAN WATER THROUGH FLY FISHING, TAUGHT TU'S MISSION AND ARE READY TO BECOME STEWARDS OF THEIR COMMUNITY STREAMS AND RIVERS. THESE FLAGSHIP PROGRAMS EXIST TO CONNECT CHILDREN WITH NATURE AND TO PASS ON OUR LEGACY OF FLY FISHING AND COLDWATER CONSERVATION. EXPERIENTIAL EDUCATION HAS BEEN AN IMPORTANT PART OF TU'S YOUTH WORK SINCE THE ORGANIZATION WAS FOUNDED 60 YEARS AGO, AND PROGRAMS SUCH AS ADOPT A TROUT, STREAM GIRLS, AND MORE CONTAIN AN INHERENT AMOUNT OF STEM LEARNING. IN 2019, TU ENRICHED THESE EXISTING PROGRAMS, CREATED NEW ONES, AND BLENDED STEM WITH LESSONS IN RECREATIONAL ANGLING AND THE ARTS. KNOWN AS STREAM, THIS TU BRAND OF EDUCATION CREATES AND FOSTERS A NEW GENERATION OF SCIENCE-ORIENTED CONSERVATIONISTS.ON JULY 4 OF THIS YEAR, TROUT UNLIMITED'S VETERANS SERVICE PARTNERSHIP PROUDLY BECAME TROUT UNLIMITED'S SERVICE PARTNERSHIP. THIS CHANGE REFLECTED THE PROUD EVOLUTION OF TROUT UNLIMITED'S RECOGNITION OF WHAT IT MEANS TO "SERVE" TO INCLUDE NOT JUST OUR ACTIVE DUTY SERVICE MEN AND WOMEN, RESERVISTS, VETERANS AND MILITARY FAMILIES, BUT THOSE MEMBERS OF OUR COMMUNITIES WHO ALSO SELFLESSLY RISK LIFE AND LIMB DAILY TO KEEP US SAFE. THROUGH THE SERVICE PARTNERSHIP, TROUT UNLIMITED NOW OFFERS TO FIRST RESPONDERS - SPECIFICALLY MEMBERS OF THE FIRE SERVICE, MEDICAL, AND LAW ENFORCEMENT COMMUNITIES, AND THEIR FAMILIES - THE SAME OPPORTUNITIES AND RECOGNITION WHICH WE HAVE OFFERED TO THE MILITARY COMMUNITY SINCE 2011. THIS INCLUDES A FREE ONE-YEAR INTRODUCTORY MEMBERSHIP FOR NEW-TO-TROUT-UNLIMITED VETERANS AND FIRST RESPONDERS. TO SUPPORT THIS EVOLUTION, THE TROUT UNLIMITED SERVICE PARTNERSHIP ADVISORY COMMITTEE WAS ESTABLISHED FROM TEN NATIONALLY RECOGNIZED MEN AND WOMEN IN THE DEFENSE, CONSERVATION, AND FIRST RESPONDER COMMUNITIES WHO WILL HELP BUILD THE SUSTAINABLE FUNDS AND PARTNERSHIPS TO INCREASE CHAPTER ENGAGEMENT. THE TU SERVICE PARTNERSHIP ALSO PROUDLY HOSTED ITS FIRST ANNUAL STEELHEAD TRIP TO THE DOUGLASTON SALMON RUN IN BEAUTIFUL PULASKI, NEW YORK. LOOKING AHEAD TO 2021 - WHICH IS THE 20TH ANNIVERSARY OF THE ATTACK OF 9/11 - TU WILL WORK WITH OUR COUNCILS AND CHAPTERS NATIONWIDE TO EXPAND RECOGNITION OF THE FIRST RESPONDER AND MILITARY COMMUNITIES WHILE PROVIDING THESE COMMUNITIES THE OPPORTUNITY TO CONTINUE THEIR LEGACIES OF SERVICE THROUGH TROUT UNLIMITED.

	(Code: ) (Expenses $ 1,269,798 including grants of $ ) (Revenue $ 136,610 )
	SCIENCE:TU SCIENCE HAS CONTINUED TO GENERATE AND PUBLISH IMPORTANT RESOURCES THAT HELP OUR PROGRAMS DO MORE EFFICIENT AND EFFECTIVE WORK, INCREASE OUR UNDERSTANDING OF TROUT AND HABITAT CONSERVATION, AND MAINTAIN OUR PROFILE AS A TRUE LEADER IN FRESHWATER SCIENCE. TO AID TU'S RESPONSE TO PROPOSED RULE CHANGES TO THE CLEAN WATER ACT, WHICH WOULD LIMIT PROTECTIONS TO EPHEMERAL (AND POSSIBLY INTERMITTENT) STREAMS, WE GENERATED A NOVEL ANALYSIS TO ESTIMATE THAT ROUGHLY HALF OUR NATION'S (LOWER 48) STREAM MILES ARE EPHEMERAL IN NATURE BUT ARE UNACCOUNTED FOR BECAUSE THEY REMAIN UNMAPPED IN OUR NATIONAL HYDROLOGICAL RESOURCES. WE DEVELOPED AN INTERACTIVE MAP PLATFORM FOR EXPLORING THE PATTERN AND LOCATION OF EPHEMERAL AND INTERMITTENT STREAMS ALONG WITH A STORY MAP WITH SPECIFIC EXAMPLES OF DEVELOPMENT DISTURBANCES THAT WOULD BE MORE LIKELY TO OCCUR UNDER THE NEW RULING (E.G. PROPOSED ELECTRICAL TRANSMISSION LINE ROUTES AND ENERGY DEVELOPMENT PROJECTS) AND PRESENTED THE RESULTS OF THESE TOOLS AND ANALYSES AT A BRIEFING FOR THE US SENATE COMMITTEE ON ENVIRONMENT AND PUBLIC WORKS. TU-SCIENCE ALSO WORKED WITH TU'S ANGLER CONSERVATION PROJECT TO DEVELOP INTERACTIVE MAP PLATFORMS FOR EVALUATING THE OVERLAP OF NEWLY PROPOSED BLM OIL AND GAS LEASE PARCELS ON KEY COLDWATER AND WILDLIFE RESOURCES. THE TOOLS FACILITATE TARGETING TU'S COMMENTS ON THE LEASES TOWARDS THE PROPOSALS MOST LIKELY TO IMPACT NATIVE TROUT POPULATIONS AND OTHER RESOURCES, SUCH AS BIG GAME MIGRATION CORRIDORS. WE ALSO DEVELOPED A SIMILAR INTERACTIVE MAP TOOL TO EVALUATE IMPORTANT COLDWATER LANDSCAPES AT RISK FROM A NEW PUSH WITHIN THE DEPARTMENT OF INTERIOR TO DEVELOP DOMESTIC SOURCES OF KEY CRITICAL MINERALS (E.G., LITHIUM, COBALT, AND PLATINUM). WE CONTINUE TO PUBLISH OUR DIVERSE WORK IN VARIOUS PEER-REVIEWED VENUES. WE COAUTHORED A STUDY INVESTIGATING THE GENETIC UNDERPINNING OF THERMAL TOLERANCE AND GROWTH IN THE HATCHERY BROODSTOCK BEING USED TO RECOVER LAHONTAN CUTTHROAT TROUT TO THE FAMED PYRAMID LAKE, NEVADA. RESULTS HIGHLIGHTED COMPLEX PATHWAYS AFFECTING THESE TRAITS, IN UNCOVERING ASSOCIATIONS WITH GENES RELATED TO IMMUNE RESPONSE, GROWTH AND METABOLISM, PROTEIN ASSEMBLY, CARDIAC FUNCTION, THE MAINTENANCE OF CELLULAR ION CONCENTRATIONS, AND ANAEROBIC RESILIENCY. THIS WORK IS A STEP FORWARD IN OUR UNDERSTANDING, AND THEREFORE CONSERVATION OF, THESE IMPORTANT TRAITS IN TROUT AND WAS PUBLISHED IN THE JOURNAL MOLECULAR ECOLOGY IN COLLABORATION WITH RESEARCHERS AT THE UNIVERSITIES OF MONTANA, CALIFORNIA-DAVIS, AND NEVADA. WE ALSO COAUTHORED A PAPER IN THE NORTH AMERICAN JOURNAL OF FISHERIES MANAGEMENT EVALUATING THE EFFECTIVENESS AND RELATIVE COSTS OF VARIOUS MARK-RECAPTURE TECHNIQUES (INCLUDING A PREVIOUSLY PUBLISHED GENETIC APPROACH) FOR CONFIRMING TROUT MOVEMENT AFTER CULVERT BARRIERS HAVE BEEN REPLACED TO ALLOW FOR PASSAGE. THE WORK WAS COMMISSIONED BY THE US FOREST SERVICE AS PART OF A NATIONAL ASSESSMENT FOR THEIR AQUATIC ORGANISM PASSAGE MONITORING PROJECT. AS THE FIRST COMPREHENSIVE COMPARISON OF THESE COMMON FIELD METHODS AT THE SAME SET OF CULVERTS, THIS STUDY PROVIDES A USEFUL RESOURCE FOR TU AND BEYOND FOR MONITORING THE EFFECTIVENESS OF FISH PASSAGE PROJECTS IN THE FUTURE. THIRD, OUR FINAL PAPER FROM OUR NASA-FUNDED SALMONID POPULATION VIABILITY PROJECT WAS PUBLISHED IN THE INTERNATIONAL JOURNAL CONSERVATION BIOLOGY. THIS WAS THE APPLICATION PAPER WHERE WE USED OUR PREVIOUSLY-PUBLISHED MULTIPLE POPULATION VIABILITY ANALYSIS MODELS TO PROVIDE CONSERVATION GUIDANCE FOR THE THREATENED LAHONTAN CUTTHROAT TROUT. IN ONE FELL SWOOP, OUR MODEL PROVIDED QUANTITATIVE ESTIMATES OF EXTINCTION RISK ACROSS 84 LAHONTAN POPULATIONS BASED ON ALL AVAILABLE DATA FROM 1985 TO 2016 AND HIGHLIGHTED A SUITE OF POPULATIONS FOR WHICH MANAGEMENT DESIGNATIONS AND APPROACHES MAY NEED TO BE REEVALUATED AND GAVE EMPIRICAL GUIDANCE FOR AGENCIES ON THE BEST PLACES TO ERADICATE NON-NATIVE TROUT AND REINTRODUCE NEW LAHONTAN CUTTHROAT TROUT POPULATIONS.TU SCIENCE STAFF WORKED ON TWO BOOKS RECENTLY PUBLISHED BY THE AMERICAN FISHERIES SOCIETY. TROUT AND CHAR OF THE WORLD IS CO-EDITED BY JACK WILLIAMS, EMERITUS SENIOR SCIENTIST WITH CHAPTERS CO-AUTHORED BY SEVERAL TU STAFF. THE BOOK PROVIDES THE FIRST COMPREHENSIVE PICTURE OF THE STATUS AND MANAGEMENT OF TROUT AND CHAR ACROSS THE GLOBE. MULTISPECIES AND WATERSHED APPROACHES TO FRESHWATER FISH CONSERVATION IS CO-EDITED BY DAN DAUWALTER, FISHERIES SCIENCE DIRECTOR, AND INCLUDES SEVERAL CHAPTERS BY TU STAFF. THE BOOK HIGHLIGHTS SUCCESSFUL APPROACHES TO CONSERVATION RANGING FROM SCIENCE-BASED CONSERVATION ASSESSMENTS AND PRIORITIZATIONS, TO ON-THE-GROUND WATERSHED RESTORATION PROGRAMS, INCLUDING SOME OF TU'S BEST PROGRAMS. BOTH BOOKS ARE AVAILABLE FROM THE AFS BOOKSTORE: HTTPS://FISHERIES.ORG/BOOKSTORE/70317/ANGLER SCIENCE CONTINUES TO BE A FOCUS OF TU SCIENCE. WE COMPLETED A PILOT PROJECT BETWEEN THE KIAP-TU-WISH CHAPTER OF TU, PARTNER MOBILEH2O LLC, AND TU SCIENCE (DAN DAUWALTER) IN WHICH TU VOLUNTEERS USED THE NEWLY DEVELOPED WISEH2O MOBILE APPLICATION TO MONITOR WATER QUALITY IN LOCAL DRIFTLESS AREA STREAMS. OUR RIVERS APP HAS ALSO SEEN INCREASING USE BY TU CHAPTERS TO DOCUMENT DISTURBANCES IN THEIR HOME WATERSHEDS FOR FUTURE PROJECT PLANNING. THESE PROJECTS ENGAGE ANGLERS IN COLLECTING DATA IMPORTANT TO CONSERVATION OF COLDWATER RESOURCES, AND BOTH WERE FUNDED BY THE TU'S COLDWATER CONSERVATION FUND.IN NOVEMBER 2019 WE HELD OUR FIRST EVER SCIENCE SUMMIT, WHICH BROUGHT TOGETHER TU'S DIVERSE SCIENTISTS AND CONSERVATION AND RESTORATION PROGRAM STAFF FROM ACROSS THE COUNTRY, AS WELL AS REPRESENTATIVES FROM MARKETING AND COMMUNICATIONS, VOLUNTEER OPERATIONS, AND GOVERNMENT AFFAIRS, TO EXPLORE HOW SCIENCE CAN STRENGTHEN AND SUSTAIN THE WORK OF TU INTO THE FUTURE. THE 2 DAY PROFESSIONALLY FACILITATED MEETING PROVIDED AN OPPORTUNITY FOR IN-PERSON RELATIONSHIP BUILDING AND GENERATIVE DIALOGUE THAT LED TO SEVERAL CLEAR STRATEGIES FOR IMPROVING THE EFFECTIVENESS OF TU SCIENCE AND SCIENCE INTEGRATION WITH PROGRAMS. TO A LARGE DEGREE THESE ENTAIL BUILDING NEW STRUCTURE, PROCESSES, AND FUNDING FLEXIBILITY TO SUPPORT EXISTING STAFF IN INCREASING SCIENCE COLLABORATION AND INTEGRATION IN THEIR WORKPLANS. WE ALSO GENERATED IDEAS FOR HELPFUL RESOURCES, TRAINING AND MENTORING.

	(Code: ) (Expenses $ 1,215,856 including grants of $ ) (Revenue $ 130,843 )
	GOVERNMENT AFFAIRS:TU'S GOVERNMENT AFFAIRS STAFF WORKED DILIGENTLY IN THE HALLS OF THE FEDERAL GOVERNMENT TO PUSH IMPORTANT LEGISLATION, OPPOSE BAD CONSERVATION POLICIES, AND SUPPORT VITAL CONSERVATION FUNDING FROM COAST TO COAST, ALL IN SERVICE OF FULFILLING TU'S MISSION FOR CONSERVING TROUT AND SALMON HABITAT AND FISHERIES. FOR EXAMPLE, TU'S GOVERNMENT AFFAIRS STAFF:- ORGANIZED SUBSTANTIAL OPPOSITION TO PROPOSALS BY EPA AND THE U.S. ARMY CORPS OF ENGINEERS TO REDUCE PROTECTIONS FOR HEADWATER STREAMS UNDER THE CLEAN WATER ACT. HEALTHY HEADWATER STREAMS ARE VITAL FOR TROUT AND SALMON CONSERVATION AND FISHERIES. - PRESSED FOR PASSAGE OF THE PUBLIC LANDS LEGISLATION, INCLUDING PERMANENT REAUTHORIZATION OF THE LAND AND WATER CONSERVATION FUND. THE PUBLIC LANDS BILL WOULD PROVIDE A VARIETY OF NEW AUTHORITIES TO PROTECT AND RESTORE NEW AREAS DESIGNATED AS WILDERNESS AND WILD AND SCENIC RIVERS NATIONWIDE, AS WELL AS AUTHORIZE THE YAKIMA RIVER RESTORATION PROJECT IN WASHINGTON STATE. - ORGANIZED SUBSTANTIAL OPPOSITION TO UNWARRANTED PROPOSED BUDGET CUTS FOR FEDERAL NATURAL RESOURCE MANAGEMENT PROGRAMS OF VITAL INTEREST TO TU AND ITS MEMBERS. CONGRESS REJECTED THE HARMFUL CUTS AND MAINTAINED LEVEL FUNDING FOR MOST PROGRAMS, ENABLING TU'S TROUT AND SALMON WATERSHED PROJECTS TO CONTINUE TO BE SUCCESSFUL.

	(Code: ) (Expenses $ 1,460,805 including grants of $ 63,208 ) (Revenue $ 156,407 )
	COMMUNICATIONS

	(Code: ) (Expenses $ 2,256,697 including grants of $ ) (Revenue $ 341,976 )
	MEMBERSHIP DEVELOPMENT

4d	Other program services (Describe in Schedule O.)
	(Expenses $ 9,604,605 including grants of $ 221,378 ) (Revenue $ 1,128,603 )
4e	Total program service expenses52,371,019

Form 990 (2019)

Page 3

Part IV

Checklist of Required Schedules

Yes

Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)? If "Yes," complete Schedule A Click to see attachment

.....................

Yes

Is the organization required to complete Schedule B, Schedule of Contributors (see instructions)? Click to see attachment

...

Yes

Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office? If "Yes," complete Schedule C, Part I Click to see attachment

.............

Section 501(c)(3) organizations. Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year? If "Yes," complete Schedule C, Part II Click to see attachment

.........

Yes

Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19? If "Yes," complete Schedule C, Part III Click to see attachment

Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts? If "Yes," complete Schedule D, Part I Click to see attachment

.........................

Did the organization receive or hold a conservation easement, including easements to preserve open space,
the environment, historic land areas, or historic structures? If "Yes," complete Schedule D, Part II Click to see attachment

....

Yes

Did the organization maintain collections of works of art, historical treasures, or other similar assets? If "Yes,"
complete Schedule D, Part III Click to see attachment

..............

Did the organization report an amount in Part X, line 21 for escrow or custodial account liability; serve as a custodian for amounts not listed in Part X; or provide credit counseling, debt management, credit repair, or debt negotiation services? If "Yes," complete Schedule D, Part IV Click to see attachment

..............

Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi endowments? If "Yes," complete Schedule D, Part V......

Yes

If the organization’s answer to any of the following questions is "Yes," then complete Schedule D, Parts VI, VII, VIII, IX, or X as applicable.

Did the organization report an amount for land, buildings, and equipment in Part X, line 10? If "Yes," complete
Schedule D, Part VI. Click to see attachment

...................

11a

Yes

Did the organization report an amount for investments—other securities in Part X, line 12 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part VII Click to see attachment

.......

11b

Did the organization report an amount for investments—program related in Part X, line 13 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part VIII Click to see attachment

.......

11c

Did the organization report an amount for other assets in Part X, line 15 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part IX Click to see attachment

............

11d

Did the organization report an amount for other liabilities in Part X, line 25? If "Yes," complete Schedule D, Part X Click to see attachment

11e

Yes

Did the organization’s separate or consolidated financial statements for the tax year include a footnote that addresses the organization’s liability for uncertain tax positions under FIN 48 (ASC 740)? If "Yes," complete Schedule D, Part X Click to see attachment

11f

Yes

12a

Did the organization obtain separate, independent audited financial statements for the tax year? If "Yes," complete
Schedule D, Parts XI and XII Click to see attachment

......................

12a

Yes

Was the organization included in consolidated, independent audited financial statements for the tax year? If "Yes," and if the organization answered "No" to line 12a, then completing Schedule D, Parts XI and XII is optional Click to see attachment

12b

Is the organization a school described in section 170(b)(1)(A)(ii)? If "Yes," complete Schedule E

14a

Did the organization maintain an office, employees, or agents outside of the United States? .....

14a

Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more? If "Yes," complete Schedule F, Parts I and IV.........

14b

Did the organization report on Part IX, column (A), line 3, more than $5,000 of grants or other assistance to or for any foreign organization? If “Yes,” complete Schedule F, Parts II and IV.....

Did the organization report on Part IX, column (A), line 3, more than $5,000 of aggregate grants or other assistance to or for foreign individuals? If “Yes,” complete Schedule F, Parts III and IV...

Did the organization report a total of more than $15,000 of expenses for professional fundraising services on Part IX, column (A), lines 6 and 11e? If "Yes," complete Schedule G, Part I(see instructions) ....

Did the organization report more than $15,000 total of fundraising event gross income and contributions on Part VIII, lines 1c and 8a? If "Yes," complete Schedule G, Part II............

Did the organization report more than $15,000 of gross income from gaming activities on Part VIII, line 9a? If "Yes," complete Schedule G, Part III...................

20a

Did the organization operate one or more hospital facilities? If "Yes," complete Schedule H....

20a

If "Yes" to line 20a, did the organization attach a copy of its audited financial statements to this return?

20b

Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government on Part IX, column (A), line 1? If “Yes,” complete Schedule I, Parts I and II..... Click to see attachment

Yes

Form 990 (2019)

Page 4

Part IV

Checklist of Required Schedules (continued)

Yes

Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals on Part IX, column (A), line 2? If “Yes,” complete Schedule I, Parts I and III........ Click to see attachment

Did the organization answer "Yes" to Part VII, Section A, line 3, 4, or 5 about compensation of the organization’s current and former officers, directors, trustees, key employees, and highest compensated employees? If "Yes," complete Schedule J....................... Click to see attachment

Yes

24a

Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002? If “Yes,” answer lines 24b through 24d and complete Schedule K. If “No,” go to line 25a...............

24a

Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?...

24b

Did the organization maintain an escrow account other than a refunding escrow at any time during the year
to defease any tax-exempt bonds? ...............

24c

Did the organization act as an "on behalf of" issuer for bonds outstanding at any time during the year?...

24d

25a

Section 501(c)(3), 501(c)(4), and 501(c)(29) organizations. Did the organization engage in an excess benefit transaction with a disqualified person during the year? If "Yes," complete Schedule L, Part I ....

25a

Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization’s prior Forms 990 or 990-EZ? If "Yes," complete Schedule L, Part I.......................

25b

Did the organization report any amount on Part X, line 5 or 22 for receivables from or payables to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons? If "Yes," complete Schedule L, Part II...........

Did the organization provide a grant or other assistance to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or employee thereof, a grant selection committee member, or to a 35% controlled entity (including an employee thereof) or family member of any of these persons?

If "Yes," complete

Schedule L, Part III.........................

Was the organization a party to a business transaction with one of the following parties (see Schedule L, Part IV instructions for applicable filing thresholds, conditions, and exceptions):

A current or former officer, director, trustee, key employee, creator or founder, or substantial contributor? If "Yes," complete Schedule L, Part IV......................

28a

A family member of any individual described in line 28a? If "Yes," complete Schedule L, Part IV.....

28b

A 35% controlled entity of one or more individuals and/or organizations described in lines 28a or 28b? If "Yes," complete Schedule L, Part IV.....................

28c

Did the organization receive more than $25,000 in non-cash contributions? If "Yes," complete Schedule M.. Click to see attachment

Yes

Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions? If "Yes," complete Schedule M ................. Click to see attachment

Did the organization liquidate, terminate, or dissolve and cease operations? If "Yes," complete Schedule N, Part I

Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets? If "Yes," complete Schedule N, Part II........................

Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3? If "Yes," complete Schedule R, Part I............

Was the organization related to any tax-exempt or taxable entity? If "Yes," complete Schedule R, Part II, III, or IV, and Part V, line 1.........................

35a

Did the organization have a controlled entity within the meaning of section 512(b)(13)?

35a

If ‘Yes’ to line 35a, did the organization receive any payment from or engage in any transaction with a controlled entity within the meaning of section 512(b)(13)? If "Yes," complete Schedule R, Part V, line 2 ...

35b

Section 501(c)(3) organizations. Did the organization make any transfers to an exempt non-charitable related organization? If "Yes," complete Schedule R, Part V, line 2.............

Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes? If "Yes," complete Schedule R, Part VI

Did the organization complete Schedule O and provide explanations in Schedule O for Part VI, lines 11b and 19? Note. All Form 990 filers are required to complete Schedule O. ............

Yes

Part V

Statements Regarding Other IRS Filings and Tax Compliance
Check if Schedule O contains a response or note to any line in this Part V...........

Yes

Enter the number reported in Box 3 of Form 1096. Enter -0- if not applicable ..

268

Enter the number of Forms W-2G included in line 1a. Enter -0- if not applicable .

Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners? ..................

Yes

Form 990 (2019)

Page 5

Part V

Statements Regarding Other IRS Filings and Tax Compliance (continued)

Enter the number of employees reported on Form W-3, Transmittal of Wage and
Tax Statements, filed for the calendar year ending with or within the year covered by this return ..................

324

If at least one is reported on line 2a, did the organization file all required federal employment tax returns?
Note. If the sum of lines 1a and 2a is greater than 250, you may be required to e-file (see instructions)

Yes

Did the organization have unrelated business gross income of $1,000 or more during the year?...

Yes

If “Yes,” has it filed a Form 990-T for this year? If “No” to line 3b, provide an explanation in Schedule O...

Yes

At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)? ..

If "Yes," enter the name of the foreign country: MediumBullet

See instructions for filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR).

Was the organization a party to a prohibited tax shelter transaction at any time during the tax year? ..

Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?

If "Yes," to line 5a or 5b, did the organization file Form 8886-T? ............

Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions? ...

If "Yes," did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible? ......................

Organizations that may receive deductible contributions under section 170(c).

Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor? ....................

Yes

If "Yes," did the organization notify the donor of the value of the goods or services provided? .....

Yes

Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282? .........................

If "Yes," indicate the number of Forms 8282 filed during the year ....

Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?

Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ..

If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required? ......................

If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C? ..........................

Sponsoring organizations maintaining donor advised funds. Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year? ........

Sponsoring organizations maintaining donor advised funds.

Did the sponsoring organization make any taxable distributions under section 4966?........

Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?...

Section 501(c)(7) organizations. Enter:

Initiation fees and capital contributions included on Part VIII, line 12 ...

10a

Gross receipts, included on Form 990, Part VIII, line 12, for public use of club facilities

10b

Section 501(c)(12) organizations. Enter:

Gross income from members or shareholders .........

11a

Gross income from other sources (Do not net amounts due or paid to other sources against amounts due or received from them.) ..........

11b

12a

Section 4947(a)(1) non-exempt charitable trusts. Is the organization filing Form 990 in lieu of Form 1041?

12a

If "Yes," enter the amount of tax-exempt interest received or accrued during the year.

12b

Section 501(c)(29) qualified nonprofit health insurance issuers.

Is the organization licensed to issue qualified health plans in more than one state? .........
Note. See the instructions for additional information the organization must report on Schedule O.

13a

Enter the amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans ....

13b

Enter the amount of reserves on hand ............

13c

14a

Did the organization receive any payments for indoor tanning services during the tax year?.....

14a

If "Yes," has it filed a Form 720 to report these payments? If "No," provide an explanation in Schedule O..

14b

Is the organization subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or excess parachute payment(s) during the year? ....................
If "Yes," see instructions and file Form 4720, Schedule N.

Is the organization an educational institution subject to the section 4968 excise tax on net investment income? ..
If "Yes," complete Form 4720, Schedule O.

Form 990 (2019)

Page 6

Part VI

Governance, Management, and Disclosure For each "Yes" response to lines 2 through 7b below, and for a "No" response to lines 8a, 8b, or 10b below, describe the circumstances, processes, or changes in Schedule O. See instructions.

Check if Schedule O contains a response or note to any line in this Part VI..............

Section A. Governing Body and Management

Yes

Enter the number of voting members of the governing body at the end of the tax year

If there are material differences in voting rights among members of the governing body, or if the governing body delegated broad authority to an executive committee or similar committee, explain in Schedule O.

Enter the number of voting members included in line 1a, above, who are independent

Did any officer, director, trustee, or key employee have a family relationship or a business relationship with any other officer, director, trustee, or key employee? .................

Did the organization delegate control over management duties customarily performed by or under the direct supervision of officers, directors or trustees, or key employees to a management company or other person? .

Did the organization make any significant changes to its governing documents since the prior Form 990 was filed? .

Did the organization become aware during the year of a significant diversion of the organization’s assets? .

Did the organization have members or stockholders? ................

Yes

Did the organization have members, stockholders, or other persons who had the power to elect or appoint one or more members of the governing body? ....................

Yes

Are any governance decisions of the organization reserved to (or subject to approval by) members, stockholders, or persons other than the governing body? ...................

Yes

Did the organization contemporaneously document the meetings held or written actions undertaken during the year by the following:

The governing body? .......................

Yes

Each committee with authority to act on behalf of the governing body? ............

Yes

Is there any officer, director, trustee, or key employee listed in Part VII, Section A, who cannot be reached at the organization’s mailing address? If "Yes," provide the names and addresses in Schedule O.......

Section B. Policies (This Section B requests information about policies not required by the Internal Revenue Code.)

Yes

10a

Did the organization have local chapters, branches, or affiliates? ............

10a

Yes

If "Yes," did the organization have written policies and procedures governing the activities of such chapters, affiliates, and branches to ensure their operations are consistent with the organization's exempt purposes?

10b

Yes

11a

Has the organization provided a complete copy of this Form 990 to all members of its governing body before filing the form? ............................

11a

Yes

Describe in Schedule O the process, if any, used by the organization to review this Form 990. .....

12a

Did the organization have a written conflict of interest policy? If "No," go to line 13.......

12a

Yes

Were officers, directors, or trustees, and key employees required to disclose annually interests that could give rise to conflicts? ..........................

12b

Yes

Did the organization regularly and consistently monitor and enforce compliance with the policy? If "Yes," describe in Schedule O how this was done...................

12c

Yes

Did the organization have a written whistleblower policy? ...............

Yes

Did the organization have a written document retention and destruction policy? .........

Yes

Did the process for determining compensation of the following persons include a review and approval by independent persons, comparability data, and contemporaneous substantiation of the deliberation and decision?

The organization’s CEO, Executive Director, or top management official ...........

15a

Yes

Other officers or key employees of the organization ................

15b

Yes

If "Yes" to line 15a or 15b, describe the process in Schedule O (see instructions).

16a

Did the organization invest in, contribute assets to, or participate in a joint venture or similar arrangement with a taxable entity during the year? ......................

16a

If "Yes," did the organization follow a written policy or procedure requiring the organization to evaluate its participation in joint venture arrangements under applicable federal tax law, and take steps to safeguard the organization’s exempt status with respect to such arrangements? ............

16b

Section C. Disclosure

List the states with which a copy of this Form 990 is required to be filed MediumBullet

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

Section 6104 requires an organization to make its Form 1023 (or 1024-A if applicable), 990, and 990-T (501(c)(3)s only) available for public inspection. Indicate how you made these available. Check all that apply.

Own website Another's website Upon request Other (explain in Schedule O)

Describe in Schedule O whether (and if so, how) the organization made its governing documents, conflict of interest policy, and financial statements available to the public during the tax year.

State the name, address, and telephone number of the person who possesses the organization's books and records:
MediumBullet

MATTHEW RENAUD1777 NORTH KENT STREET SUITE 100 ARLINGTON,VA22209 (703) 522-0200

Form 990 (2019)

Page 7

Part VII

Compensation of Officers, Directors,Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors

Check if Schedule O contains a response or note to any line in this Part VII..............

Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees

1a Complete this table for all persons required to be listed. Report compensation for the calendar year ending with or within the organization’s tax year.
RoundBullet

List all of the organization’s current officers, directors, trustees (whether individuals or organizations), regardless of amount
of compensation. Enter -0- in columns (D), (E), and (F) if no compensation was paid.

List all of the organization’s current key employees, if any. See instructions for definition of "key employee."

List the organization’s five current highest compensated employees (other than an officer, director, trustee or key employee)
who received reportable compensation (Box 5 of Form W-2 and/or Box 7 of Form 1099-MISC) of more than $100,000 from the
organization and any related organizations.

List all of the organization’s former officers, key employees, or highest compensated employees who received more than $100,000
of reportable compensation from the organization and any related organizations.

List all of the organization’s former directors or trustees that received, in the capacity as a former director or trustee of the
organization, more than $10,000 of reportable compensation from the organization and any related organizations.

See instructions for the order in which to list the persons above.

Check this box if neither the organization nor any related organization compensated any current officer, director, or trustee.

(A) Name and title	(B) Average hours per week (list any hours for related organizations below dotted line)	(C) Position (do not check more than one box, unless person is both an officer and a director/trustee)		(D) Reportable compensation from the organization (W-2/1099-MISC)	(E) Reportable compensation from related organizations (W-2/1099-MISC)	(F) Estimated amount of other compensation from the organization and related organizations
(A) Name and title
(1) CHRISTOPHER WOOD...................................................................... PRESIDENT AND CEO	40.00 .................	X	X	363,532	0	46,344
(2) BERNARD C BAILEY...................................................................... CHAIRMAN	5.00 .................	X	X	0	0	0
(3) JIM WALKER...................................................................... CHAIRMAN OF NAT'L LEADERSHIP COUNCIL	5.00 .................	X	X	0	0	0
(4) PATSY ISHIYAMA...................................................................... SECRETARY	5.00 .................	X	X	0	0	0
(5) TERRY HYMAN...................................................................... TREASURER	5.00 .................	X	X	0	0	0
(6) RICH THOMAS...................................................................... SECRETARY NAT'L LEADERSHIP COUNCIL	5.00 .................	X	X	0	0	0
(7) DAVID D ARMSTRONG...................................................................... LEGAL ADVISOR	5.00 .................	X	X	0	0	0
(8) LINDA ROSENBERG...................................................................... TRUSTEE	5.00 .................	X		0	0	0
(9) R SCOTT BLACKLEY...................................................................... TRUSTEE	5.00 .................	X		0	0	0
(10) SHERRY BRAINERD...................................................................... TRUSTEE	5.00 .................	X		0	0	0
(11) MAC CUNNINGHAM...................................................................... TRUSTEE	5.00 .................	X		0	0	0
(12) NOEL SKIP DUNN...................................................................... TRUSTEE	5.00 .................	X		0	0	0
(13) LAWRENCE FINCH...................................................................... TRUSTEE	5.00 .................	X		0	0	0
(14) LARRY GARLICK...................................................................... TRUSTEE	5.00 .................	X		0	0	0
(15) THOMAS L JONES...................................................................... TRUSTEE	5.00 .................	X		0	0	0
(16) HENRY E KOLTZ...................................................................... TRUSTEE	5.00 .................	X		0	0	0
(17) ALEX MAHER...................................................................... TRUSTEE	5.00 .................	X		0	0	0

Form 990 (2019)

Page 8

Part VII

Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees (continued)

(A) Name and title	(B) Average hours per week (list any hours for related organizations below dotted line)	(C) Position (do not check more than one box, unless person is both an officer and a director/trustee)				(D) Reportable compensation from the organization (W-2/1099-MISC)	(E) Reportable compensation from related organizations (W-2/1099-MISC)	(F) Estimated amount of other compensation from the organization and related organizations
(A) Name and title
(18) GREGORY A MCCRICKARD........................................................................ TRUSTEE	5.00 .......................	X				0	0	0
(19) STEPHEN MOSS........................................................................ TRUSTEE	5.00 .......................	X				0	0	0
(20) PHOEBE MUZZY........................................................................ TRUSTEE	5.00 .......................	X				0	0	0
(21) JAMES E NEVELS........................................................................ TRUSTEE	5.00 .......................	X				0	0	0
(22) TIM O'LEARY........................................................................ TRUSTEE	5.00 .......................	X				0	0	0
(23) ROBERT ODEN JR........................................................................ TRUSTEE	5.00 .......................	X				0	0	0
(24) KEN OLIVIER........................................................................ TRUSTEE	5.00 .......................	X				0	0	0
(25) AL PERKINSON........................................................................ TRUSTEE	5.00 .......................	X				0	0	0
(26) DANIEL PLUMMER........................................................................ TRUSTEE	5.00 .......................	X				0	0	0
(27) KERRI RUSSELL........................................................................ TRUSTEE	5.00 .......................	X				0	0	0
(28) DONALD DWIGHT SCOTT........................................................................ TRUSTEE	5.00 .......................	X				0	0	0
(29) KATHY SCOTT........................................................................ TRUSTEE	5.00 .......................	X				0	0	0
(30) MARK A TAYLOR........................................................................ TRUSTEE	5.00 .......................	X				0	0	0
(31) TERRY TURNER........................................................................ TRUSTEE	5.00 .......................	X				0	0	0
(32) JEFF WITTEN........................................................................ TRUSTEE	5.00 .......................	X				0	0	0
(33) MATT RENAUD........................................................................ CFO	40.00 .......................		X			200,107	0	32,783
(34) JOANNE THEURICH........................................................................ COO (FROM 2/6/2020)	40.00 .......................		X			0	0	0
(35) ELIZABETH MACLIN........................................................................ EXECUTIVE VP	40.00 .......................			X		170,163	0	32,174
(36) RODERICK VOGEL........................................................................ CHIEF DEVELOPMENT OFFICER	40.00 .......................			X		196,771	0	23,925
(37) STEVEN MOYER........................................................................ VP OF GOVERNMENT AFFAIRS	40.00 .......................				X	165,344	0	32,203
(38) ROBERT MASONIS........................................................................ VP WESTERN CONSERVATION	40.00 .......................				X	137,357	0	16,451
(39) STEPHEN TRAFTON........................................................................ MANAGING DIR, COLDWATER CONSERVATION	40.00 .......................				X	125,803	0	30,010
(40) LORI HELD........................................................................ SENIOR DIRECTOR, MEMBER SUPPORT	40.00 .......................				X	123,853	0	30,136
(41) KIRK DEETER........................................................................ VP OF TROUT MEDIA	40.00 .......................				X	123,850	0	29,856

1b	Sub-Total................
c	Total from continuation sheets to Part VII, Section A....
d	Total (add lines 1b and 1c)...........	1,606,780	0	273,882

Total number of individuals (including but not limited to those listed above) who received more than $100,000 of reportable compensation from the organization MediumBullet

Yes

Did the organization list any former officer, director or trustee, key employee, or highest compensated employee on line 1a? If "Yes," complete Schedule J for such individual ..............

For any individual listed on line 1a, is the sum of reportable compensation and other compensation from the organization and related organizations greater than $150,000? If "Yes," complete Schedule J for such
individual...........................

Yes

Did any person listed on line 1a receive or accrue compensation from any unrelated organization or individual for services rendered to the organization? If "Yes," complete Schedule J for such person ........

Section B. Independent Contractors

Complete this table for your five highest compensated independent contractors that received more than $100,000 of compensation from the organization. Report compensation for the calendar year ending with or within the organization’s tax year.

(A) Name and business address	(B) Description of services	(C) Compensation
NORTHWEST HYDRAULIC CONSULTANTS 12787 GATEWAY DRIVE SOUTH SEATTLE,WA98168	ENGINEERING CONSULTANTS	2,807,552
POW CONTRACTING INC 1100 E COLUMBIA STREET B5 PASCO,WA99301	CONSTRUCTION	1,159,888
SELLAND CONSTRUCTION INC 1285 S WENATCHEE AVENUE WENATCHEE,WA98801	CONSTRUCTION	1,079,969
ARCON INC 412 GATEWAY BLVD BURNSVILLE,MN55337	CONSTRUCTION	931,890
BARTH CONSTRUCTION INC 1717 INDIAN RIVER BLVD VERO BEACH,FL32960	CONSTRUCTION	842,095
2 Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization 10

Form 990 (2019)

Page 9

Part VIII

Statement of Revenue

Check if Schedule O contains a response or note to any line in this Part VIII.............

(A)
Total revenue

(B)
Related or
exempt
function
revenue

(D)
Revenue
excluded from
tax under sections
512 - 514

1a	Federated campaigns..		1a	124,149
b	Membership dues..		1b
c	Fundraising events..		1c
d	Related organizations		1d
e	Government grants (contributions)		1e	29,225,827

f	All other contributions, gifts, grants, and similar amounts not included above		1f	25,731,325

g	Noncash contributions included in lines 1a - 1f:$		1g	1,783,753

h Total. Add lines 1a-1f.......		55,081,301

		Business Code
2a	MEMBERSHIP DUES	900099	4,895,893	4,895,893
b	PUBLICATIONS	900099	270,245		270,245
c	REGISTRATION FEES	900099	99,707	99,707
d
e
f	All other program service revenue.
g	Total. Add lines 2a–2f .....		5,265,845

3 Investment income (including dividends, interest, and othersimilar amounts) ......			180,757			180,757
4 Income from investment of tax-exempt bond proceeds
5 Royalties...........			5,468			5,468
		(ii) Personal	(i) Real
6a	Gross rents			6a
b	Less: rental expenses			6b
c	Rental income or (loss)			6c
d	Net rental income or (loss).......
		(ii) Other	(i) Securities
7a	Gross amount from sales of assets other than inventory		2,945,611	7a
b	Less: cost or other basis and sales expenses		3,580,217	7b
c	Gain or (loss)		-634,606	7c
d	Net gain or (loss).........			-634,606			-634,606
8a	Gross income from fundraising events (not including $ of contributions reported on line 1c). See Part IV, line 18 ....
			8a
b	Less: direct expenses ...		8b
c	Net income or (loss) from fundraising events..
9a	Gross income from gaming activities. See Part IV, line 19 ...
			9a
b	Less: direct expenses ...		9b
c	Net income or (loss) from gaming activities..
10a	Gross sales of inventory, less returns and allowances ..
			10a	1,999,783
b	Less: cost of goods sold ..		10b	1,533,876
c	Net income or (loss) from sales of inventory..			465,907	465,907
Business Code			Miscellaneous Revenue
11a	LIST RENTALS		900099	26,810			26,810
b	MISCELLANEOUS		900099	79			79
c
d	All other revenue ....
e	Total. Add lines 11a–11d ......			26,889
12	Total revenue. See instructions.....			60,391,561	5,461,507	270,245	-421,492

Form 990 (2019)

Page 10

Part IX

Statement of Functional Expenses

Section 501(c)(3) and 501(c)(4) organizations must complete all columns. All other organizations must complete column (A).Check if Schedule O contains a response or note to any line in this Part IX..............

Do not include amounts reported on lines 6b, 7b, 8b, 9b, and 10b of Part VIII.		(A) Total expenses	(B) Program service expenses	(C) Management and general expenses	(D) Fundraising expenses

1	Grants and other assistance to domestic organizations and domestic governments. See Part IV, line 21 ....	841,313	841,313
2	Grants and other assistance to domestic individuals. See Part IV, line 22 ...........
3	Grants and other assistance to foreign organizations, foreign governments, and foreign individuals. See Part IV, lines 15 and 16. .............
4	Benefits paid to or for members .......
5	Compensation of current officers, directors, trustees, and key employees ...........	1,128,721		829,003	299,718
6	Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) .........
7	Other salaries and wages........	12,924,365	11,784,301	830,750	309,314
8	Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) ....	1,389,534	1,228,700	118,205	42,629
9	Other employee benefits .......	3,913,790	3,359,856	396,353	157,581
10	Payroll taxes ...........	1,140,217	961,795	129,531	48,891
11	Fees for services (non-employees):
a	Management ......
b	Legal .........	61,246	57,631	3,615
c	Accounting ...........	77,893		77,893
d	Lobbying ...........	85,000	85,000
e	Professional fundraising services. See Part IV, line 17
f	Investment management fees ......	12,798		12,798
g	Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O)	25,048,215	24,543,677	464,619	39,919
12	Advertising and promotion ....	262,436	258,237	4,077	122
13	Office expenses .......	2,477,213	1,965,132	109,994	402,087
14	Information technology ......	626,564	562,143	38,465	25,956
15	Royalties ..
16	Occupancy ...........	880,476	789,047	58,760	32,669
17	Travel ............	1,724,698	1,513,438	82,316	128,944
18	Payments of travel or entertainment expenses for any federal, state, or local public officials .
19	Conferences, conventions, and meetings ....	489,618	366,166	79,225	44,227
20	Interest ...........	6,484		6,484
21	Payments to affiliates .......
22	Depreciation, depletion, and amortization ..	244,384	206,939	27,330	10,115
23	Insurance ...	97,601	671	96,930
24	Other expenses. Itemize expenses not covered above (List miscellaneous expenses in line 24e. If line 24e amount exceeds 10% of line 25, column (A) amount, list line 24e expenses on Schedule O.)
a	MAGAZINE PRODUCTION	1,525,510	1,146,007	11,429	368,074
b	WATER LEASES	1,021,186	1,021,186
c	MATERIALS	844,673	844,673
d	FULFILLMENT, CAGING	488,735	411,192	18	77,525
e	All other expenses	591,083	423,915	138,475	28,693
25	Total functional expenses. Add lines 1 through 24e	57,903,753	52,371,019	3,516,270	2,016,464
26	Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here if following SOP 98-2 (ASC 958-720).	1,217,340	322,356	0	894,984

Form 990 (2019)

Page 11

Part X

Balance Sheet

Check if Schedule O contains a response or note to any line in this Part IX..............

				(A) Beginning of year		(B) End of year

1	Cash–non-interest-bearing ........			3,312,067	1	7,095,409
2	Savings and temporary cash investments .........			1,379,755	2	56,265
3	Pledges and grants receivable, net ......			11,150,121	3	11,664,037
4	Accounts receivable, net .............			1,219,662	4	784,061
5	Loans and other payables to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .......
					5
6	Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), and persons described in section 4958(c)(3)(B) ...
					6
7	Notes and loans receivable, net ...........				7
8	Inventories for sale or use ............			405,191	8	375,577
9	Prepaid expenses and deferred charges ......			562,123	9	615,357
10a	Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D	10a	5,063,011
b	Less: accumulated depreciation	10b	4,667,746	534,484	10c	395,265
11	Investments—publicly traded securities .			8,398,020	11	9,718,593
12	Investments—other securities. See Part IV, line 11 .....				12
13	Investments—program-related. See Part IV, line 11 ..				13
14	Intangible assets ...............				14
15	Other assets. See Part IV, line 11 ...........				15
16	Total assets. Add lines 1 through 15 (must equal line 33)...			26,961,423	16	30,704,564

17	Accounts payable and accrued expenses .....	3,594,338	17	4,456,033
18	Grants payable ...		18
19	Deferred revenue .........		19	333,442
20	Tax-exempt bond liabilities .........		20
21	Escrow or custodial account liability. Complete Part IV of Schedule D		21
22	Loans and other payables to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .........
			22
23	Secured mortgages and notes payable to unrelated third parties ..		23
24	Unsecured notes and loans payable to unrelated third parties ..		24
25	Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17 - 24). Complete Part X of Schedule D	222,836	25	181,205
26	Total liabilities. Add lines 17 through 25..	3,817,174	26	4,970,680

	Organizations that follow FASB ASC 958, check here and complete lines 27, 28, 32, and 33.
27	Net assets without donor restrictions ..........	2,778,462	27	3,931,363
28	Net assets with donor restrictions ...........	20,365,787	28	21,802,521
	Organizations that do not follow FASB ASC 958, check here and complete lines 29 through 33.
29	Capital stock or trust principal, or current funds .....		29
30	Paid-in or capital surplus, or land, building or equipment fund ...		30
31	Retained earnings, endowment, accumulated income, or other funds		31
32	Total net assets or fund balances ...........	23,144,249	32	25,733,884
33	Total liabilities and net assets/fund balances ........	26,961,423	33	30,704,564

Form 990 (2019)

Page 12

Part XI

Reconcilliation of Net Assets

Check if Schedule O contains a response or note to any line in this Part XI..............

Total revenue (must equal Part VIII, column (A), line 12) ............

60,391,561

Total expenses (must equal Part IX, column (A), line 25) ............

57,903,753

Revenue less expenses. Subtract line 2 from line 1 ..............

2,487,808

Net assets or fund balances at beginning of year (must equal Part X, line 32, column (A)) ..

23,144,249

Net unrealized gains (losses) on investments ...............

101,827

Donated services and use of facilities .................

Investment expenses .....................

Prior period adjustments .....................

Other changes in net assets or fund balances (explain in Schedule O) ........

Net assets or fund balances at end of year. Combine lines 3 through 9 (must equal Part X, line 32, column (B))

25,733,884

Part XII

Financial Statements and Reporting

Check if Schedule O contains a response or note to any line in this Part XII.............

Yes

Accounting method used to prepare the Form 990: Cash Accrual Other
If the organization changed its method of accounting from a prior year or checked "Other," explain in
Schedule O.

Were the organization’s financial statements compiled or reviewed by an independent accountant?

If ‘Yes,’ check a box below to indicate whether the financial statements for the year were compiled or reviewed on a separate basis, consolidated basis, or both:

Separate basis Consolidated basis Both consolidated and separate basis

Were the organization’s financial statements audited by an independent accountant?

Yes

If ‘Yes,’ check a box below to indicate whether the financial statements for the year were audited on a separate basis, consolidated basis, or both:

Separate basis Consolidated basis Both consolidated and separate basis

If "Yes," to line 2a or 2b, does the organization have a committee that assumes responsibility for oversight of the audit, review, or compilation of its financial statements and selection of an independent accountant?

Yes

If the organization changed either its oversight process or selection process during the tax year, explain in Schedule O.

As a result of a federal award, was the organization required to undergo an audit or audits as set forth in the Single Audit Act and OMB Circular A-133?

Yes

If "Yes," did the organization undergo the required audit or audits? If the organization did not undergo the required audit or audits, explain why in Schedule O and describe any steps taken to undergo such audits.

Yes

Form 990 (2019)

Additional Data

Software ID:
Software Version:

Form 990, Special Condition Description:

Special Condition Description

- TIN:

SCHEDULE A
(Form 990 or 990EZ)

Department of the Treasury
Internal Revenue Service

Public Charity Status and Public Support

Complete if the organization is a section 501(c)(3) organization or a section 4947(a)(1) nonexempt charitable trust.
right arrow

Attach to Form 990 or Form 990-EZ.
right arrow

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2019

Open to Public
Inspection

Name of the organization

TROUT UNLIMITED INC

Employer identification number

38-1612715

Part I

Reason for Public Charity Status (All organizations must complete this part.) See instructions.

The organization is not a private foundation because it is: (For lines 1 through 12, check only one box.)

A church, convention of churches, or association of churches described in section 170(b)(1)(A)(i).

A school described in section 170(b)(1)(A)(ii). (Attach Schedule E (Form 990 or 990-EZ).)

A hospital or a cooperative hospital service organization described in section 170(b)(1)(A)(iii).

A medical research organization operated in conjunction with a hospital described in section 170(b)(1)(A)(iii). Enter the hospital's name, city, and state:

An organization operated for the benefit of a college or university owned or operated by a governmental unit described in section 170(b)(1)(A)(iv). (Complete Part II.)

A federal, state, or local government or governmental unit described in section 170(b)(1)(A)(v).

An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi). (Complete Part II.)

A community trust described in section 170(b)(1)(A)(vi). (Complete Part II.)

An agricultural research organization described in 170(b)(1)(A)(ix) operated in conjunction with a land-grant college or university or a non-land grant college of agriculture. See instructions. Enter the name, city, and state of the college or university:

An organization that normally receives: (1) more than 331/3% of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions—subject to certain exceptions, and (2) no more than 331/3% of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975. See section 509(a)(2). (Complete Part III.)

An organization organized and operated exclusively to test for public safety. See section 509(a)(4).

An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2). See section 509(a)(3). Check the box in lines 12a through 12d that describes the type of supporting organization and complete lines 12e, 12f, and 12g.

Type I. A supporting organization operated, supervised, or controlled by its supported organization(s), typically by giving the supported organization(s) the power to regularly appoint or elect a majority of the directors or trustees of the supporting organization. You must complete Part IV, Sections A and B.

Type II. A supporting organization supervised or controlled in connection with its supported organization(s), by having control or management of the supporting organization vested in the same persons that control or manage the supported organization(s). You must complete Part IV, Sections A and C.

Type III functionally integrated. A supporting organization operated in connection with, and functionally integrated with, its supported organization(s) (see instructions). You must complete Part IV, Sections A, D, and E.

Type III non-functionally integrated. A supporting organization operated in connection with its supported organization(s) that is not functionally integrated. The organization generally must satisfy a distribution requirement and an attentiveness requirement (see instructions). You must complete Part IV, Sections A and D, and Part V.

Check this box if the organization received a written determination from the IRS that it is a Type I, Type II, Type III functionally integrated, or Type III non-functionally integrated supporting organization.

Enter the number of supported organizations ...............................

Provide the following information about the supported organization(s).

(i) Name of supported organization	(ii) EIN	(iv) Is the organization listed in your governing document?		(v) Amount of monetary support (see instructions)	(vi) Amount of other support (see instructions)
(i) Name of supported organization	(ii) EIN	Yes	No	(v) Amount of monetary support (see instructions)	(vi) Amount of other support (see instructions)


Total

For Paperwork Reduction Act Notice, see the Instructions for
Form 990 or 990-EZ.

Cat. No. 11285F

Schedule A (Form 990 or 990-EZ) 2019

Page 2

Part II

Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi)
(Complete only if you checked the box on line 5, 7, or 8 of Part I or if the organization failed to qualify under Part III. If the organization failed to qualify under the tests listed below, please complete Part III.)

Section A. Public Support

Calendar year (or fiscal year beginning in)		(a) 2015	(b) 2016	(c) 2017	(d) 2018	(e) 2019	(f) Total
1	Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grant.") ..	40,029,043	41,370,075	47,745,662	23,757,769	55,081,301	207,983,850
2	Tax revenues levied for the organization's benefit and either paid to or expended on its behalf....
3	The value of services or facilities furnished by a governmental unit to the organization without charge..
4	Total. Add lines 1 through 3	40,029,043	41,370,075	47,745,662	23,757,769	55,081,301	207,983,850
5	The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f)..						4,306,718
6	Public support. Subtract line 5 from line 4.						203,677,132

Section B. Total Support

Calendar year (or fiscal year beginning in)		(a) 2015	(b) 2016	(c) 2017	(d) 2018	(e) 2019	(f) Total
7	Amounts from line 4..	40,029,043	41,370,075	47,745,662	23,757,769	55,081,301	207,983,850
8	Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources...	285,607	231,095	228,477	152,949	186,225	1,084,353
9	Net income from unrelated business activities, whether or not the business is regularly carried on..
10	Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.)..	18,050	37,280	-4,952		26,889	77,267
11	Total support. Add lines 7 through 10						209,145,470

Gross receipts from related activities, etc. (see instructions) ..................

26,660,778

First five years. If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a section 501(c)(3) organization, check this box and stop here........................................ right arrow

Section C. Computation of Public Support Percentage

Public support percentage for 2019 (line 6, column (f) divided by line 11, column (f)) .........

97.390 %

Public support percentage for 2018 Schedule A, Part II, line 14 ...............

97.210 %

16a

33 1/3% support test—2019. If the organization did not check the box on line 13, and line 14 is 33 1/3% or more, check this box
and stop here. The organization qualifies as a publicly supported organization ....................... right arrow

33 1/3% support test—2018. If the organization did not check a box on line 13 or 16a, and line 15 is 33 1/3% or more, check this
box and stop here. The organization qualifies as a publicly supported organization ..................... right arrow

17a

10%-facts-and-circumstances test—2019. If the organization did not check a box on line 13, 16a, or 16b, and line 14
is 10% or more, and if the organization meets the "facts-and-circumstances" test, check this box and stop here. Explain
in Part VI how the organization meets the "facts-and-circumstances" test. The organization qualifies as a publicly supported
organization ..................................................... right arrow

10%-facts-and-circumstances test—2018. If the organization did not check a box on line 13, 16a, 16b, or 17a, and line
15 is 10% or more, and if the organization meets the "facts-and-circumstances" test, check this box and stop here.
Explain in Part VI how the organization meets the "facts-and-circumstances" test. The organization qualifies as a publicly
supported organization ................................................ right arrow

Private foundation. If the organization did not check a box on line 13, 16a, 16b, 17a, or 17b, check this box and see
instructions ..................................................... right arrow

Schedule A (Form 990 or 990-EZ) 2019

Page 3

Part III

Support Schedule for Organizations Described in Section 509(a)(2)
(Complete only if you checked the box on line 10 of Part I or if the organization failed to qualify under Part II. If the organization fails to qualify under the tests listed below, please complete Part II.)

Section A. Public Support

Calendar year (or fiscal year beginning in)		(a) 2015	(b) 2016	(c) 2017	(d) 2018	(e) 2019	(f) Total
1	Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") .
2	Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose
3	Gross receipts from activities that are not an unrelated trade or business under section 513 .....
4	Tax revenues levied for the organization's benefit and either paid to or expended on its behalf...
5	The value of services or facilities furnished by a governmental unit to the organization without charge
6	Total. Add lines 1 through 5
7a	Amounts included on lines 1, 2, and 3 received from disqualified persons
b	Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year.
c	Add lines 7a and 7b..
8	Public support. (Subtract line 7c from line 6.)

Section B. Total Support

Calendar year (or fiscal year beginning in)		(a) 2015	(b) 2016	(c) 2017	(d) 2018	(e) 2019	(f) Total
9	Amounts from line 6...
10a	Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources..
b	Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975.
c	Add lines 10a and 10b.
11	Net income from unrelated business activities not included in line 10b, whether or not the business is regularly carried on.
12	Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.) ..
13	Total support. (Add lines 9, 10c, 11, and 12.)..

First five years. If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a section 501(c)(3) organization,
check this box and stop here............................................. right arrow

Section C. Computation of Public Support Percentage

Public support percentage for 2019 (line 8, column (f) divided by line 13, column (f)) .........

Public support percentage from 2018 Schedule A, Part III, line 15 ...............

Section D. Computation of Investment Income Percentage

Investment income percentage for 2019 (line 10c, column (f) divided by line 13, column (f)) ......

Investment income percentage from 2018 Schedule A, Part III, line 17 .............

19a

331/3% support tests—2019. If the organization did not check the box on line 14, and line 15 is more than 33 1/3%, and line 17 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization ....... right arrow

33 1/3% support tests—2018. If the organization did not check a box on line 14 or line 19a, and line 16 is more than 33 1/3% and line 18 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization .... right arrow

Private foundation. If the organization did not check a box on line 14, 19a, or 19b, check this box and see instructions .... right arrow

Schedule A (Form 990 or 990-EZ) 2019

Page 4

Part IV

Supporting Organizations

(Complete only if you checked a box on line 12 of Part I. If you checked 12a of Part I, complete Sections A and B. If you checked 12b of Part I, complete Sections A and C. If you checked 12c of Part I, complete Sections A, D, and E. If you checked 12d of Part I, complete Sections A and D, and complete Part V.)

Section A. All Supporting Organizations

Yes

Are all of the organization’s supported organizations listed by name in the organization’s governing documents?
If "No," describe in Part VI how the supported organizations are designated. If designated by class or purpose,
describe the designation. If historic and continuing relationship, explain.

Did the organization have any supported organization that does not have an IRS determination of status under section 509(a)(1) or (2)? If "Yes," explain in Part VI how the organization determined that the supported organization was described in section 509(a)(1) or (2).

Did the organization have a supported organization described in section 501(c)(4), (5), or (6)? If "Yes," answer (b) and (c) below.

Did the organization confirm that each supported organization qualified under section 501(c)(4), (5), or (6) and satisfied the public support tests under section 509(a)(2)? If "Yes," describe in Part VI when and how the organization made the determination.

Did the organization ensure that all support to such organizations was used exclusively for section 170(c)(2)(B) purposes? If "Yes," explain in Part VI what controls the organization put in place to ensure such use.

Was any supported organization not organized in the United States ("foreign supported organization")? If “Yes” and if you checked 12a or 12b in Part I, answer (b) and (c) below.

Did the organization have ultimate control and discretion in deciding whether to make grants to the foreign supported organization? If “Yes,” describe in Part VI how the organization had such control and discretion despite being controlled or supervised by or in connection with its supported organizations.

Did the organization support any foreign supported organization that does not have an IRS determination under sections 501(c)(3) and 509(a)(1) or (2)? If “Yes,” explain in Part VI what controls the organization used to ensure that all support to the foreign supported organization was used exclusively for section 170(c)(2)(B) purposes.

Did the organization add, substitute, or remove any supported organizations during the tax year? If “Yes,” answer (b) and (c) below (if applicable). Also, provide detail in Part VI, including (i) the names and EIN numbers of the supported organizations added, substituted, or removed; (ii) the reasons for each such action; (iii) the authority under the organization's organizing document authorizing such action; and (iv) how the action was accomplished (such as by amendment to the organizing document).

Type I or Type II only. Was any added or substituted supported organization part of a class already designated in the organization's organizing document?

Substitutions only. Was the substitution the result of an event beyond the organization's control?

Did the organization provide support (whether in the form of grants or the provision of services or facilities) to anyone other than (i) its supported organizations, (ii) individuals that are part of the charitable class benefited by one or more of its supported organizations, or (iii) other supporting organizations that also support or benefit one or more of the filing organization’s supported organizations? If “Yes,” provide detail in Part VI.

Did the organization provide a grant, loan, compensation, or other similar payment to a substantial contributor (defined in section 4958(c)(3)(C)), a family member of a substantial contributor, or a 35% controlled entity with regard to a substantial contributor? If “Yes,” complete Part I of Schedule L (Form 990 or 990-EZ) .

Did the organization make a loan to a disqualified person (as defined in section 4958) not described in line 7? If “Yes,” complete Part I of Schedule L (Form 990 or 990-EZ).

Was the organization controlled directly or indirectly at any time during the tax year by one or more disqualified persons as defined in section 4946 (other than foundation managers and organizations described in section 509(a)(1) or (2))? If “Yes,” provide detail in Part VI.

Did one or more disqualified persons (as defined in line 9a) hold a controlling interest in any entity in which the supporting organization had an interest? If “Yes,” provide detail in Part VI.

Did a disqualified person (as defined in line 9a) have an ownership interest in, or derive any personal benefit from, assets in which the supporting organization also had an interest? If “Yes,” provide detail in Part VI.

10a

Was the organization subject to the excess business holdings rules of section 4943 because of section 4943(f) (regarding certain Type II supporting organizations, and all Type III non-functionally integrated supporting organizations)? If “Yes,” answer line 10b below.

10a

Did the organization have any excess business holdings in the tax year? (Use Schedule C, Form 4720, to determine whether the organization had excess business holdings).

10b

Schedule A (Form 990 or 990-EZ) 2019

Page 5

Part IV

Supporting Organizations (continued)

Yes

Has the organization accepted a gift or contribution from any of the following persons?

A person who directly or indirectly controls, either alone or together with persons described in (b) and (c) below, the governing body of a supported organization?

11a

A family member of a person described in (a) above?

11b

A 35% controlled entity of a person described in (a) or (b) above? If “Yes” to a, b, or c, provide detail in Part VI.

11c

Section B. Type I Supporting Organizations

Yes

Did the directors, trustees, or membership of one or more supported organizations have the power to regularly appoint or elect at least a majority of the organization’s directors or trustees at all times during the tax year? If “No,” describe in Part VI how the supported organization(s) effectively operated, supervised, or controlled the organization’s activities. If the organization had more than one supported organization, describe how the powers to appoint and/or remove directors or trustees were allocated among the supported organizations and what conditions or restrictions, if any, applied to such powers during the tax year.

Did the organization operate for the benefit of any supported organization other than the supported organization(s) that operated, supervised, or controlled the supporting organization? If “Yes,” explain in Part VI how providing such benefit carried out the purposes of the supported organization(s) that operated, supervised or controlled the supporting organization.

Section C. Type II Supporting Organizations

Yes

Were a majority of the organization’s directors or trustees during the tax year also a majority of the directors or trustees of each of the organization’s supported organization(s)? If “No,” describe in Part VI how control or management of the supporting organization was vested in the same persons that controlled or managed the supported organization(s).

Section D. All Type III Supporting Organizations

Yes

Did the organization provide to each of its supported organizations, by the last day of the fifth month of the organization’s tax year, (i) a written notice describing the type and amount of support provided during the prior tax year, (ii) a copy of the Form 990 that was most recently filed as of the date of notification, and (iii) copies of the organization’s governing documents in effect on the date of notification, to the extent not previously provided?

Were any of the organization’s officers, directors, or trustees either (i) appointed or elected by the supported organization(s) or (ii) serving on the governing body of a supported organization? If "No," explain in Part VI how the organization maintained a close and continuous working relationship with the supported organization(s).

By reason of the relationship described in (2), did the organization’s supported organizations have a significant voice in the organization’s investment policies and in directing the use of the organization’s income or assets at all times during the tax year? If "Yes," describe in Part VI the role the organization’s supported organizations played in this regard.

Section E. Type III Functionally-Integrated Supporting Organizations

Check the box next to the method that the organization used to satisfy the Integral Part Test during the year (see instructions):

The organization satisfied the Activities Test. Complete line 2 below.

The organization is the parent of each of its supported organizations. Complete line 3 below.

The organization supported a governmental entity. Describe in Part VI how you supported a government entity (see instructions)

Activities Test. Answer (a) and (b) below.

Yes

Did substantially all of the organization’s activities during the tax year directly further the exempt purposes of the supported organization(s) to which the organization was responsive? If "Yes," then in Part VI identify those supported organizations and explain how these activities directly furthered their exempt purposes, how the organization was responsive to those supported organizations, and how the organization determined that these activities constituted substantially all of its activities.

Did the activities described in (a) constitute activities that, but for the organization’s involvement, one or more of the organization’s supported organization(s) would have been engaged in? If "Yes," explain in Part VI the reasons for the organization’s position that its supported organization(s) would have engaged in these activities but for the organization’s involvement.

Parent of Supported Organizations. Answer (a) and (b) below.

Did the organization have the power to regularly appoint or elect a majority of the officers, directors, or trustees of each of the supported organizations? Provide details in Part VI.

Did the organization exercise a substantial degree of direction over the policies, programs and activities of each of its supported organizations? If "Yes," describe in Part VI. the role played by the organization in this regard.

Schedule A (Form 990 or 990-EZ) 2019

Page 6

Part V

Type III Non-Functionally Integrated 509(a)(3) Supporting Organizations

Check here if the organization satisfied the Integral Part Test as a qualifying trust on Nov. 20, 1970 (explain in Part VI). See instructions. All other Type III non-functionally integrated supporting organizations must complete Sections A through E.

	Section A - Adjusted Net Income		(A) Prior Year	(B) Current Year (optional)
1	Net short-term capital gain	1
2	Recoveries of prior-year distributions	2
3	Other gross income (see instructions)	3
4	Add lines 1 through 3	4
5	Depreciation and depletion	5
6	Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions)	6
7	Other expenses (see instructions)	7
8	Adjusted Net Income (subtract lines 5, 6 and 7 from line 4)	8

	Section B - Minimum Asset Amount		(A) Prior Year	(B) Current Year (optional)
1	Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year):	1
a	Average monthly value of securities	1a
b	Average monthly cash balances	1b
c	Fair market value of other non-exempt-use assets	1c
d	Total (add lines 1a, 1b, and 1c)	1d
e	Discount claimed for blockage or other factors (explain in detail in Part VI):
2	Acquisition indebtedness applicable to non-exempt use assets	2
3	Subtract line 2 from line 1d	3
4	Cash deemed held for exempt use. Enter 1-1/2% of line 3 (for greater amount, see instructions).	4
5	Net value of non-exempt-use assets (subtract line 4 from line 3)	5
6	Multiply line 5 by .035	6
7	Recoveries of prior-year distributions	7
8	Minimum Asset Amount (add line 7 to line 6)	8

	Section C - Distributable Amount		Current Year
1	Adjusted net income for prior year (from Section A, line 8, Column A)	1
2	Enter 85% of line 1	2
3	Minimum asset amount for prior year (from Section B, line 8, Column A)	3
4	Enter greater of line 2 or line 3	4
5	Income tax imposed in prior year	5
6	Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions)	6

Check here if the current year is the organization's first as a non-functionally-integrated Type III supporting organization (see instructions)

Schedule A (Form 990 or 990-EZ) 2019

Page 7

Part V

Type III Non-Functionally Integrated 509(a)(3) Supporting Organizations(continued)

Section D - Distributions		Current Year
1 Amounts paid to supported organizations to accomplish exempt purposes
2 Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in excess of income from activity
3 Administrative expenses paid to accomplish exempt purposes of supported organizations
4 Amounts paid to acquire exempt-use assets
5 Qualified set-aside amounts (prior IRS approval required)
6 Other distributions (describe in Part VI). See instructions
7Total annual distributions. Add lines 1 through 6.
8 Distributions to attentive supported organizations to which the organization is responsive (provide details in Part VI). See instructions
9 Distributable amount for 2019 from Section C, line 6
10 Line 8 amount divided by Line 9 amount

Section E - Distribution Allocations (see instructions)		(i) Excess Distributions	(ii) Underdistributions Pre-2019	(iii) Distributable Amount for 2019
1 Distributable amount for 2019 from Section C, line 6
2 Underdistributions, if any, for years prior to 2019 (reasonable cause required-- explain in Part VI). See instructions.
3 Excess distributions carryover, if any, to 2019:
a From 2014.......
b From 2015.......
c From 2016.......
d From 2017.......
e From 2018.......
fTotal of lines 3a through e
g Applied to underdistributions of prior years
h Applied to 2019 distributable amount
i Carryover from 2014 not applied (see instructions)
j Remainder. Subtract lines 3g, 3h, and 3i from 3f.
4Distributions for 2019 from Section D, line 7:
$
a Applied to underdistributions of prior years
b Applied to 2019 distributable amount
c Remainder. Subtract lines 4a and 4b from 4.
5 Remaining underdistributions for years prior to 2019, if any. Subtract lines 3g and 4a from line 2. If the amount is greater than zero, explain in Part VI. See instructions.
6 Remaining underdistributions for 2019. Subtract lines 3h and 4b from line 1. If the amount is greater than zero, explain in Part VI. See instructions.
7 Excess distributions carryover to 2020. Add lines 3j and 4c.
8 Breakdown of line 7:
a Excess from 2015.....
b Excess from 2016.....
c Excess from 2017.....
d Excess from 2018.....
e Excess from 2019.....

Schedule A (Form 990 or 990-EZ) (2019)

Schedule A (Form 990 or 990-EZ) 2019

Page 8

Part VI

Supplemental Information. Provide the explanations required by Part II, line 10; Part II, line 17a or 17b; Part III, line 12; Part IV, Section A, lines 1, 2, 3b, 3c, 4b, 4c, 5a, 6, 9a, 9b, 9c, 11a, 11b, and 11c; Part IV, Section B, lines 1 and 2; Part IV, Section C, line 1; Part IV, Section D, lines 2 and 3; Part IV, Section E, lines 1c, 2a, 2b, 3a and 3b; Part V, line 1; Part V, Section B, line 1e; Part V Section D, lines 5, 6, and 8; and Part V, Section E, lines 2, 5, and 6. Also complete this part for any additional information. (See instructions).

Facts And Circumstances Test

Return Reference	Explanation
PART II:	THE INFORMATION REPORTED IN THE 2018 COLUMN IS FOR THE SHORT PERIOD 10/1/2018 - 3/31/2019.

Schedule A (Form 990 or 990-EZ) 2019

Additional Data

Software ID:
Software Version:

- TIN:

Schedule B
(Form 990, 990-EZ,
or 990-PF)

Department of the Treasury
Internal Revenue Service

Schedule of Contributors

Attach to Form 990, 990-EZ, or 990-PF.

Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2019

Name of the organization

TROUT UNLIMITED INC

Employer identification number

38-1612715

Organization type (check one):

Filers of:

Section:

Form 990 or 990-EZ

501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization

Form 990-PF

501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation

Check if your organization is covered by the General Rule or a Special Rule.
Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.

General Rule

For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.

Special Rules

For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 33¹/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Don't complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... Arrow Bullet

Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).

For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.

Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2019)

Schedule B (Form 990, 990-EZ, or 990-PF) (2019) Page 2

Name of organization TROUT UNLIMITED INC

Part I Contributors	Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
RESTRICTED	,	$ RESTRICTED	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990, 990-EZ, or 990-PF) (2019)

Schedule B (Form 990, 990-EZ, or 990-PF) (2019)

Page 3

Name of organization TROUT UNLIMITED INC		Employer identification number 38-1612715

Part II	Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
Schedule B (Form 990, 990-EZ, or 990-PF) (2019)

Schedule B (Form 990, 990-EZ, or 990-PF) (2019)

Page 4


Name of organization TROUT UNLIMITED INC			Employer identification number 38-1612715
Part III Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $ Use duplicate copies of Part III if additional space is needed.

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

Schedule B (Form 990, 990-EZ, or 990-PF) (2019)

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE C
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Political Campaign and Lobbying Activities

For Organizations Exempt From Income Tax Under section 501(c) and section 527

SchCMd Bullet

Complete if the organization is described below. SchCMd Bullet

Attach to Form 990 or Form 990-EZ.
SchCMd Bullet

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2019

Open to Public
Inspection

If the organization answered "Yes" on Form 990, Part IV, Line 3, or Form 990-EZ, Part V, line 46 (Political Campaign Activities), then
Round Bullet

Section 501(c)(3) organizations: Complete Parts I-A and B. Do not complete Part I-C.
Round Bullet

Section 501(c) (other than section 501(c)(3)) organizations: Complete Parts I-A and C below. Do not complete Part I-B.
Round Bullet

Section 527 organizations: Complete Part I-A only.
If the organization answered "Yes" on Form 990, Part IV, Line 4, or Form 990-EZ, Part VI, line 47 (Lobbying Activities), then
Round Bullet

Section 501(c)(3) organizations that have filed Form 5768 (election under section 501(h)): Complete Part II-A. Do not complete Part II-B.
Round Bullet

Section 501(c)(3) organizations that have NOT filed Form 5768 (election under section 501(h)): Complete Part II-B. Do not complete Part II-A.
If the organization answered "Yes" on Form 990, Part IV, Line 5 (Proxy Tax) (see separate instructions) or Form 990-EZ, Part V, line 35c (Proxy Tax) (see separate instructions), then
Round Bullet

Section 501(c)(4), (5), or (6) organizations: Complete Part III.

Name of the organization

TROUT UNLIMITED INC

Employer identification number

38-1612715

Part I-A

Complete if the organization is exempt under section 501(c) or is a section 527 organization.

Provide a description of the organization’s direct and indirect political campaign activities in Part IV (see instructions for definition of “political campaign activities")

Political campaign activity expenditures (see instructions) .................................................................... SchCMd Bullet

Volunteer hours for political campaign activities (see instructions) ..................................................................

Part I-B

Complete if the organization is exempt under section 501(c)(3).

Enter the amount of any excise tax incurred by the organization under section 4955 ................................ SchCMd Bullet

Enter the amount of any excise tax incurred by organization managers under section 4955 ....................... SchCMd Bullet

If the organization incurred a section 4955 tax, did it file Form 4720 for this year? .........................................

Yes No

Was a correction made? ......................................................................................................................

Yes No

If "Yes," describe in Part IV.

Part I-C

Complete if the organization is exempt under section 501(c), except section 501(c)(3).

Enter the amount directly expended by the filing organization for section 527 exempt function activities ..... SchCMd Bullet

Enter the amount of the filing organization's funds contributed to other organizations for section 527 exempt function activities ............................................................................................................................ SchCMd Bullet

Total exempt function expenditures. Add lines 1 and 2. Enter here and on Form 1120-POL, line 17b........... SchCMd Bullet

Did the filing organization file Form 1120-POL for this year? ...................................................................

Yes No

Enter the names, addresses and employer identification number (EIN) of all section 527 political organizations to which the filing
organization made payments. For each organization listed, enter the amount paid from the filing organization’s funds. Also enter the amount of political contributions received that were promptly and directly delivered to a separate political organization, such as a separate segregated fund or a political action committee (PAC). If additional space is needed, provide information in Part IV.

(a) Name	(b) Address	(c) EIN	(d) Amount paid from filing organization's funds. If none, enter -0-.	(e) Amount of political contributions received and promptly and directly delivered to a separate political organization. If none, enter -0-.
1
2
3
4
5
6

For Paperwork Reduction Act Notice, see the instructions for Form 990 or 990-EZ.

Cat. No. 50084S

Schedule C (Form 990 or 990-EZ) 2019

Page 2

Part II-A

Complete if the organization is exempt under section 501(c)(3) and filed Form 5768 (election under section 501(h)).

A Check SchCMd Bullet

if the filing organization belongs to an affiliated group (and list in Part IV each affiliated group member's name, address, EIN, expenses, and share of excess lobbying expenditures).
B Check SchCMd Bullet

if the filing organization checked box A and "limited control" provisions apply.

Limits on Lobbying Expenditures (The term "expenditures" means amounts paid or incurred.)		(a) Filing organization's totals	(b) Affiliated group totals
1a	Total lobbying expenditures to influence public opinion (grass roots lobbying) ......................	2,300
b	Total lobbying expenditures to influence a legislative body (direct lobbying) ........................	276,451
c	Total lobbying expenditures (add lines 1a and 1b) ............................................................	278,751
d	Other exempt purpose expenditures ...............................................................................	57,625,002
e	Total exempt purpose expenditures (add lines 1c and 1d) ..................................................	57,903,753
f	Lobbying nontaxable amount. Enter the amount from the following table in both columns.	1,000,000
	If the amount on line 1e, column (a) or (b) is:The lobbying nontaxable amount is:
	Not over $500,00020% of the amount on line 1e.
	Over $500,000 but not over $1,000,000$100,000 plus 15% of the excess over $500,000.
	Over $1,000,000 but not over $1,500,000$175,000 plus 10% of the excess over $1,000,000.
	Over $1,500,000 but not over $17,000,000$225,000 plus 5% of the excess over $1,500,000.
	Over $17,000,000$1,000,000.

g	Grassroots nontaxable amount (enter 25% of line 1f) .................................................	250,000
h	Subtract line 1g from line 1a. If zero or less, enter -0-. ................................................	0
i	Subtract line 1f from line 1c. If zero or less, enter -0-. ................................................	0
j	If there is an amount other than zero on either line 1h or line 1i, did the organization file Form 4720 reporting section 4911 tax for this year? ...................................................................................................................		Yes No

4-Year Averaging Period Under Section 501(h) (Some organizations that made a section 501(h) election do not have to complete all of the five columns below. See the separate instructions for lines 2a through 2f.)
Lobbying Expenditures During 4-Year Averaging Period
	Calendar year (or fiscal year beginning in)	(a) 2016	(b) 2017	(c) 2018	(d) 2019	(e) Total

2a	Lobbying nontaxable amount	1,000,000	1,000,000	1,000,000	1,000,000	4,000,000

b	Lobbying ceiling amount (150% of line 2a, column(e))					6,000,000

c	Total lobbying expenditures	296,945	806,494	717,676	278,751	2,099,866

d	Grassroots nontaxable amount	250,000	250,000	250,000	250,000	1,000,000

e	Grassroots ceiling amount (150% of line 2d, column (e))					1,500,000

f	Grassroots lobbying expenditures		250,000	232,612	2,300	484,912

Schedule C (Form 990 or 990-EZ) 2019

Page 3

Part II-B

Complete if the organization is exempt under section 501(c)(3) and has NOT filed Form 5768 (election under section 501(h)).

For each "Yes" response on lines 1a through 1i below, provide in Part IV a detailed description of the lobbying activity.

(a)

Yes|No

(b)

Amount

During the year, did the filing organization attempt to influence foreign, national, state or local legislation, including any attempt to influence public opinion on a legislative matter or referendum, through the use of:

Volunteers? ...........................................................................................................

Paid staff or management (include compensation in expenses reported on lines 1c through 1i)? ........

Media advertisements? ...................................................................................................

Mailings to members, legislators, or the public? .............................................................................

Publications, or published or broadcast statements? ...........................................................

Grants to other organizations for lobbying purposes? ..........................................................

Direct contact with legislators, their staffs, government officials, or a legislative body? .......................

Rallies, demonstrations, seminars, conventions, speeches, lectures, or any similar means? ..................

Other activities? ...................................................................................................................

Total. Add lines 1c through 1i ....................................................................................................

Did the activities in line 1 cause the organization to be not described in section 501(c)(3)? .....

If "Yes," enter the amount of any tax incurred under section 4912 ...........................................

If "Yes," enter the amount of any tax incurred by organization managers under section 4912 ...................

If the filing organization incurred a section 4912 tax, did it file Form 4720 for this year? ........................

Part III-A

Complete if the organization is exempt under section 501(c)(4), section 501(c)(5), or section 501(c)(6).

Yes

Were substantially all (90% or more) dues received nondeductible by members? ...............................................

Did the organization make only in-house lobbying expenditures of $2,000 or less? ............................................

Did the organization agree to carry over lobbying and political expenditures from the prior year? .................................

Part III-B

Complete if the organization is exempt under section 501(c)(4), section 501(c)(5), or section 501(c)(6) and if either (a) BOTH Part III-A, lines 1 and 2, are answered "No" OR (b) Part III-A, line 3, is answered “Yes."

Dues, assessments and similar amounts from members ......................................................................

Section 162(e) nondeductible lobbying and political expenditures (do not include amounts of political expenses for which the section 527(f) tax was paid).

Current year .............................................................................................................................

Carryover from last year ............................................................................................................

Total ...........................................................................................................................................

Aggregate amount reported in section 6033(e)(1)(A) notices of nondeductible section 162(e) dues .

If notices were sent and the amount on line 2c exceeds the amount on line 3, what portion of the excess does the organization agree to carryover to the reasonable estimate of nondeductible lobbying and political expenditure next year? ......................................................................................................................

Taxable amount of lobbying and political expenditures (see instructions) .........................................

Part IV

Supplemental Information

Provide the descriptions required for Part l-A, line 1; Part l-B, line 4; Part l-C, line 5; Part II-A (affiliated group list); Part II-A, lines 1 and 2 (see instructions), and Part ll-B, line 1. Also, complete this part for any additional information.

Return Reference	Explanation

Schedule C (Form 990 or 990EZ) 2019

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE D
(Form 990)

Department of the Treasury
Internal Revenue Service

Supplemental Financial Statements

Complete if the organization answered "Yes," on Form 990,
Part IV, line 6, 7, 8, 9, 10, 11a, 11b, 11c, 11d, 11e, 11f, 12a, or 12b.
SchDMd Bullet

Attach to Form 990.
SchDMd Bullet

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2019

Open to Public Inspection

Name of the organization

TROUT UNLIMITED INC

Employer identification number

38-1612715

Part I

Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts. Complete if the organization answered "Yes" on Form 990, Part IV, line 6.

		(a) Donor advised funds	(b) Funds and other accounts
1	Total number at end of year .........
2	Aggregate value of contributions to (during year)
3	Aggregate value of grants from (during year)
4	Aggregate value at end of year ........

Did the organization inform all donors and donor advisors in writing that the assets held in donor advised funds are the organization’s property, subject to the organization’s exclusive legal control? ............

Yes No

Did the organization inform all grantees, donors, and donor advisors in writing that grant funds can be used only for charitable purposes and not for the benefit of the donor or donor advisor, or for any other purpose conferring impermissible private benefit? ...................................

Yes No

Part II

Conservation Easements.
Complete if the organization answered "Yes" on Form 990, Part IV, line 7.

Purpose(s) of conservation easements held by the organization (check all that apply).

Preservation of land for public use (e.g., recreation or education) Preservation of an historically important land area

Protection of natural habitat Preservation of a certified historic structure

Preservation of open space

Complete lines 2a through 2d if the organization held a qualified conservation contribution in the form of a conservation easement on the last day of the tax year.

			Held at the End of the Year
a	Total number of conservation easements ......................	2a	3
b	Total acreage restricted by conservation easements ....................	2b	120.00
c	Number of conservation easements on a certified historic structure included in (a) .....	2c
d	Number of conservation easements included in (c) acquired after 7/25/06, and not on a historic structure listed in the National Register ...	2d

Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization during the
tax year SchDMd Bullet

Number of states where property subject to conservation easement is located SchDMd Bullet

Does the organization have a written policy regarding the periodic monitoring, inspection, handling of violations, and enforcement of the conservation easements it holds? ............

Yes No

Staff and volunteer hours devoted to monitoring, inspecting, handling of violations, and enforcing conservation easements during the year
SchDMd Bullet

40.00

Amount of expenses incurred in monitoring, inspecting, handling of violations, and enforcing conservation easements during the year
SchDMd Bullet

$ 720

Does each conservation easement reported on line 2(d) above satisfy the requirements of section 170(h)(4)(B)(i) and section 170(h)(4)(B)(ii)? .............................

Yes No

In Part XIII, describe how the organization reports conservation easements in its revenue and expense statement, and
balance sheet, and include, if applicable, the text of the footnote to the organization’s financial statements that describes
the organization’s accounting for conservation easements.

Part III

Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets.
Complete if the organization answered "Yes" on Form 990, Part IV, line 8.

If the organization elected, as permitted under FASB ASC 958, not to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide, in Part XIII, the text of the footnote to its financial statements that describes these items.

If the organization elected, as permitted under FASB ASC 958, to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide the following amounts relating to these items:

(i)

Revenue included on Form 990, Part VIII, line 1 ......................... SchDMd Bullet

(ii)

Assets included in Form 990, Part X ............................... SchDMd Bullet

If the organization received or held works of art, historical treasures, or other similar assets for financial gain, provide the
following amounts required to be reported under FASB ASC 958 relating to these items:

Revenue included on Form 990, Part VIII, line 1 .......................... SchDMd Bullet

Assets included in Form 990, Part X ............................... SchDMd Bullet

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 52283D

Schedule D (Form 990) 2019

Page 2

Part III

Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets (continued)

Using the organization’s acquisition, accession, and other records, check any of the following that are a significant use of its collection items (check all that apply):

Public exhibition

Loan or exchange programs

Scholarly research

Other

Preservation for future generations

Provide a description of the organization’s collections and explain how they further the organization’s exempt purpose in
Part XIII.

During the year, did the organization solicit or receive donations of art, historical treasures or other similar
assets to be sold to raise funds rather than to be maintained as part of the organization’s collection?...

Yes No

Part IV

Escrow and Custodial Arrangements. Complete if the organization answered "Yes" on Form 990, Part IV, line 9, or reported an amount on Form 990, Part X, line 21.

Is the organization an agent, trustee, custodian or other intermediary for contributions or other assets not
included on Form 990, Part X? ....................................

Yes No


b	If "Yes," explain the arrangement in Part XIII and complete the following table:		Amount
c	Beginning balance .............................	1c
d	Additions during the year ............................	1d
e	Distributions during the year ..........................	1e
f	Ending balance ................................	1f

Did the organization include an amount on Form 990, Part X, line 21, for escrow or custodial account liability? ...

Yes No

If "Yes," explain the arrangement in Part XIII. Check here if the explanation has been provided in Part XIII ....

Part V

Endowment Funds.
Complete if the organization answered "Yes" on Form 990, Part IV, line 10.

		(a) Current year	(b) Prior year	(c) Two years back	(d) Three years back	(e) Four years back

1a	Beginning of year balance ....	5,976,942	6,243,231	6,099,611	5,756,459	6,456,574
b	Contributions ...
c	Net investment earnings, gains, and losses	-373,092	4,037	486,817	731,178	785,688
d	Grants or scholarships ...
e	Other expenditures for facilities and programs ...	307,952	270,326	343,197	388,026	1,485,803
f	Administrative expenses ....
g	End of year balance ......	5,295,898	5,976,942	6,243,231	6,099,611	5,756,459

Provide the estimated percentage of the current year end balance (line 1g, column (a)) held as:

Board designated or quasi-endowment SchDMd Bullet

0 %

Permanent endowment SchDMd Bullet

94.520 %

Term endowment SchDMd Bullet

5.480 %

The percentages on lines 2a, 2b, and 2c should equal 100%.

Are there endowment funds not in the possession of the organization that are held and administered for the
organization by:

Yes

(i) Unrelated organizations .................

3a(i)

(ii) Related organizations .................

3a(ii)

If "Yes" on 3a(ii), are the related organizations listed as required on Schedule R? .........

Describe in Part XIII the intended uses of the organization's endowment funds.

Part VI

Land, Buildings, and Equipment.
Complete if the organization answered "Yes" on Form 990, Part IV, line 11a. See Form 990, Part X, line 10.

Description of property		(a) Cost or other basis (investment)	(b) Cost or other basis (other)	(c) Accumulated depreciation	(d) Book value

1a	Land .....	7,801		7,801
b	Buildings ....
c	Leasehold improvements	65,566	46,127	19,439
d	Equipment ....	4,989,644	4,621,619	368,025
e	Other .....
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).)..				395,265

Schedule D (Form 990) 2019

Page 3

Part VII

InvestmentsOther Securities.
Complete if the organization answered "Yes" on Form 990, Part IV, line 11b. See Form 990, Part X, line 12.

(a) Description of security or category (including name of security)	(b) Book value	(c) Method of valuation: Cost or end-of-year market value
(1) Financial derivatives.........
(2) Closely-held equity interests........
(3)Other
(B)
(C)
(D)
(E)
(F)
(G)
(H)
(I)
Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)

Part VIII

InvestmentsProgram Related. Complete if the organization answered 'Yes' on Form 990, Part IV, line 11c. See Form 990, Part X, line 13.

(a) Description of investment	(b) Book value	(c) Method of valuation: Cost or end-of-year market value

(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 13.)

Part IX

Other Assets.
Complete if the organization answered 'Yes' on Form 990, Part IV, line 11d. See Form 990, Part X, line 15.

(a) Description				(b) Book value

(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 15.)...........

Part X

Other Liabilities.
Complete if the organization answered 'Yes' on Form 990, Part IV, line 11e or 11f. See Form 990, Part X, line 25.

1.(a) Description of liability	(b) Book value
(1) Federal income taxes
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)	181,205
2. Liability for uncertain tax positions. In Part XIII, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48 (ASC 740). Check here if the text of the footnote has been provided in Part XIII

Schedule D (Form 990) 2019

Page 4

Part XI Reconciliation of Revenue per Audited Financial Statements With Revenue per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1	Total revenue, gains, and other support per audited financial statements .......			1	62,055,791
2	Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a	Net unrealized gains (losses) on investments ....	2a	101,827
b	Donated services and use of facilities .........	2b	41,325
c	Recoveries of prior year grants ...........	2c
d	Other (Describe in Part XIII.) ............	2d	1,533,876
e	Add lines 2a through 2d .....................			2e	1,677,028
3	Subtract line 2e from line 1..................			3	60,378,763
4	Amounts included on Form 990, Part VIII, line 12, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b .	4a	12,798
b	Other (Describe in Part XIII.) ...........	4b
c	Add lines 4a and 4b....................			4c	12,798
5	Total revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ......			5	60,391,561

Part XII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1	Total expenses and losses per audited financial statements ...........			1	59,466,156
2	Amounts included on line 1 but not on Form 990, Part IX, line 25:
a	Donated services and use of facilities .........	2a	41,325
b	Prior year adjustments ............	2b
c	Other losses ................	2c
d	Other (Describe in Part XIII.) ............	2d	1,533,876
e	Add lines 2a through 2d....................			2e	1,575,201
3	Subtract line 2e from line 1...................			3	57,890,955
4	Amounts included on Form 990, Part IX, line 25, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b ..	4a	12,798
b	Other (Describe in Part XIII.) ............	4b
c	Add lines 4a and 4b.....................			4c	12,798
5	Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ......			5	57,903,753

Part XIII

Supplemental Information

Provide the descriptions required for Part II, lines 3, 5, and 9; Part III, lines 1a and 4; Part lV, lines 1b and 2b; Part V, line 4; Part X, line 2; Part XI, lines 2d and 4b; and Part XII, lines 2d and 4b. Also complete this part to provide any additional information.

Return Reference	Explanation
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 YEAR ENDED MARCH 31, 2020. 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 $32,294 WERE SPENT DURING THE YEAR ENDING MARCH 31, 2020.
PART X, LINE 2:	FOR THE YEAR ENDED MARCH 31, 2020, TU DOCUMENTED ITS CONSIDERATION OF FASB ASC 740-10, INCOME TAXES, THAT PROVIDES GUIDANCE FOR REPORTING UNCERTAINTY IN INCOME TAXES AND HAS DETERMINED THAT NO MATERIAL UNCERTAIN TAX POSITIONS QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS.
PART XI, LINE 2D - OTHER ADJUSTMENTS:	COST OF GOODS SOLD REPORTED AS AN EXPENSE ON THE FINANCIAL STATEMENTS AND NETTED AGAINST SALES REVENUE ON FORM 990, PART VIII, LINE 10C. 1,533,876.
PART XII, LINE 2D - OTHER ADJUSTMENTS:	COST OF GOODS SOLD REPORTED AS AN EXPENSE ON THE FINANCIAL STATEMENTS AND NETTED AGAINST SALES REVENUE ON FORM 990, PART VIII, LINE 10C. 1,533,876.

Schedule D (Form 990) 2019

Additional Data

Software ID:
Software Version:

- TIN:

Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

Schedule I
(Form 990)

Department of the Treasury
Internal Revenue Service

Grants and Other Assistance to Organizations,
Governments and Individuals in the United States

Complete if the organization answered "Yes," on Form 990, Part IV, line 21 or 22.
lBullet

Attach to Form 990.
lBullet

Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2019

Open to Public
Inspection

Name of the organization
TROUT UNLIMITED INC

Employer identification number
38-1612715

Part I

General Information on Grants and Assistance

Does the organization maintain records to substantiate the amount of the grants or assistance, the grantees' eligibility for the grants or assistance, and
the selection criteria used to award the grants or assistance? ........................

Yes No

Describe in Part IV the organization's procedures for monitoring the use of grant funds in the United States.

Part II

Grants and Other Assistance to Domestic Organizations and Domestic Governments. Complete if the organization answered "Yes" on Form 990, Part IV, line 21, for any recipient

that received more than $5,000. Part II can be duplicated if additional space is needed.

(a) Name and address of organization or government	(b) EIN	(c) IRC section (if applicable)	(d) Amount of cash grant	(h) Purpose of grant or assistance
(1) ADAMS 676 PO BOX 2129 TRAVERSE CITY,MI49684	52-1999770	501(C)(3)	7,220	EMBRACE A STREAM
(2) AMMONOOSUC 554 580 PARTRIDGE LAKE LITTLETON,NH03561	52-1765516	501(C)(3)	7,110	EMBRACE A STREAM
(3) BIG BLACKFOOT 544 PO BOX 1 OVANDO,MT59854	52-1765527	501(C)(3)	5,050	EMBRACE A STREAM
(4) COLORADO TROUT UNLIMITED 1536 WYNKOOP STREET STE 320 DENVER,CO80202	84-0628113	501(C)(3)	27,500	EMBRACE A STREAM
(5) DEERFIELD RIVER WATERSHED #349 PO BOX 133 SHELBURNE FALLS,MA01370	47-4191473	501(C)(3)	12,550	EMBRACE A STREAM
(6) ENVIRONMENTAL DEFENSE FUND INC 257 PARK AVENUE SOUTH NEW YORK,NY10010	11-6107128	501(C)(3)	90,000	CONSERVATION PLANNING
(7) FISH CREEK RESTORATION LLC 4321 UPLAND DRIVE MADISON,WI53705	83-3012620	N/A	5,157	CONSERVATION PLANNING
(8) GOLD RIDGE RESOURCE CONSERVATION DISTRICT 2776 SULLIVAN RD SEBASTOPOL,CA95472	94-2466509	GOVERNMENT	107,170	CONSERVATION PLANNING
(9) GREATER BOSTON 013 1010 FAIRVIEW AVE BELMONT,MA02478	51-0208523	501(C)(3)	10,900	EMBRACE A STREAM
(10) GREATER UPPER VALLEY CHAPTER 226 130 GROUT ROAD HARTLAND,VT05048	51-0225073	501(C)(3)	8,900	EMBRACE A STREAM
(11) HEMINGWAY 584 PO BOX 6176 KETCHUM,ID83340	52-1765989	501(C)(3)	8,150	EMBRACE A STREAM
(12) IRON FURNACE 288 PO BOX 324 CLARION,PA16214	25-1539327	501(C)(3)	5,805	EMBRACE A STREAM
(13) KENAI PENINSULA CHAPTER 229 PO BOX 47 KASILOF,AK99610	82-4622758	501(C)(3)	5,660	EMBRACE A STREAM
(14) MIANUS 258 PO BOX 475 WILTON,CT06897	51-0225098	501(C)(3)	10,500	EMBRACE A STREAM
(15) MID MISSOURI 493 3900 CROMMWELL COURT COLUMBIA,MD65203	52-1491934	501(C)(3)	45,650	EMBRACE A STREAM
(16) NATIONAL PARK SERVICE 13461 SUNRISE VALLEY DRIVE HERNDON,VA20171	53-0197094	GOVERNMENT	9,800	CONSERVATION PLANNING
(17) OKLAHOMA 420 PO BOX 54108 TULSA,OK74155	52-1315954	501(C)(3)	5,000	EMBRACE A STREAM
(18) REGENTS UC SAN DIEGO 9500 GILMAN DRIVE 0954 LA JOLLA,CA92093	95-6006144	501(C)(3)	79,203	CONSERVATION PLANNING
(19) SONOMA RESOURCE CONSERVATION DISTRICT 1221 FARMERS LN SUITE F SANTA ROSA,CA95405	95-2863255	GOVERNMENT	107,115	CONSERVATION PLANNING
(20) SOUTHEST ALASKA WATERSHED COALITION 1107 W 8TH STREET 4 JUNEAU,AK99801	37-1651525	501(C)(3)	10,000	CONSERVATION PLANNING
(21) SPRING CREEK 185 291 NORLE STREET STATE COLLEGE,PA16801	25-1340096	501(C)(3)	9,178	EMBRACE A STREAM
(22) STAR VALLEY PO BOX 245 GROVER,WY83122	47-4936694	501(C)(3)	5,645	CONSERVATION PLANNING
(23) UPPER CHATTAHOOCHEE 436 1601 LENOX ROAD NE ATLANTA,GA30306	52-1491867	501(C)(3)	12,350	EMBRACE A STREAM
(24) USDA FOREST SERVICE C/O CITBANK LOS ANGELES,CA90030	92-9332484	GOVERNMENT	76,000	CONSERVATION PLANNING
(25) VANGUARD 378 12773 ASHTON LANE SHELBY TOWNSHIP,MI48315	52-1269886	501(C)(3)	6,500	EMBRACE A STREAM
(26) WILD RIVERS 415 66625 HIGHLAND ROAD ASHLAND,WI54806	52-1315969	501(C)(3)	50,000	EMBRACE A STREAM
(27) WILD UTAH PROJECT 824 S 400 W SALT LAKE CITY,UT84101	83-0468561	501(C)(3)	6,000	CONSERVATION PLANNING
(28) WISCONSIN DEPARTMENT OF NATURAL RESOURCES 3911 FISH HATCHERY ROAD FITCHBURG,WI53711	39-1572034	GOVERNMENT	44,915	CONSERVATION PLANNING

Enter total number of section 501(c)(3) and government organizations listed in the line 1 table ................. Bullet Image

Enter total number of other organizations listed in the line 1 table ........................ . Bullet Image

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 50055P

Schedule I (Form 990) 2019

Page 2

Part III

Grants and Other Assistance to Domestic Individuals. Complete if the organization answered "Yes" on Form 990, Part IV, line 22.
Part III can be duplicated if additional space is needed.

(a) Type of grant or assistance	(b) Number of recipients	(c) Amount of cash grant	(d) Amount of noncash assistance	(e) Method of valuation (book, FMV, appraisal, other)	(f) Description of noncash assistance

(1)
(2)
(3)
(4)
(5)
(6)
(7)

Part IV

Supplemental Information. Provide the information required in Part I, line 2; Part III, column (b); and any other additional information.

Return Reference

Explanation

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. THE TU WOMEN'S FLY FISHING/FILM GRANT SPECIFICALLY FUNDS WOMEN FILMMAKERS, HELPING THEM TO PRODUCE VIDEO PROJECTS ABOUT WOMEN TAKING PART IN THE SPORT OF FLY-FISHING FOR TROUT WOMEN ARE NOW AN UNDER-REPRESENTED DEMOGRAPHIC IN THE SPORT (THE MAJORITY OF TROUT ANGLERS, AND TU MEMBERS, ARE MALE), AND AS PART OF TU'S DIVERSITY INITIATIVE, WE ARE FOCUSED ON EXPANDING REACH TO THE FEMALE DEMOGRAPHIC, AND RECRUITING WOMEN MEMBERS WE MONITORED THE PRODUCTION, ASSISTED IN THE DISTRIBUTION, AND USE OUR MEDIA PROPERTIES AND CONTACTS TO LEVERAGE VIEWERSHIP OF THE FINISHED FILMS.

Schedule I (Form 990) 2019

Additional Data

Software ID:
Software Version:

- TIN:

Schedule J
(Form 990)

Department of the Treasury
Internal Revenue Service

Compensation Information

For certain Officers, Directors, Trustees, Key Employees, and Highest
Compensated Employees
SchJMediumBullet

Complete if the organization answered "Yes" on Form 990, Part IV, line 23.
SchJMediumBullet

Attach to Form 990.
SchJMediumBullet

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2019

Open to Public Inspection

Name of the organization

TROUT UNLIMITED INC

Employer identification number

38-1612715

Part I

Questions Regarding Compensation

Yes

Check the appropiate box(es) if the organization provided any of the following to or for a person listed on Form
990, Part VII, Section A, line 1a. Complete Part III to provide any relevant information regarding these items.

First-class or charter travel Housing allowance or residence for personal use

Travel for companions Payments for business use of personal residence

Tax idemnification and gross-up payments Health or social club dues or initiation fees

Discretionary spending account Personal services (e.g., maid, chauffeur, chef)

If any of the boxes on Line 1a are checked, did the organization follow a written policy regarding payment or reimbursement or provision of all of the expenses described above? If "No," complete Part III to explain .........

Did the organization require substantiation prior to reimbursing or allowing expenses incurred by all
directors, trustees, officers, including the CEO/Executive Director, regarding the items checked on Line 1a? ..

Indicate which, if any, of the following the filing organization used to establish the compensation of the
organization's CEO/Executive Director. Check all that apply. Do not check any boxes for methods
used by a related organization to establish compensation of the CEO/Executive Director, but explain in Part III.

Compensation committee Written employment contract

Independent compensation consultant Compensation survey or study

Form 990 of other organizations Approval by the board or compensation committee

During the year, did any person listed on Form 990, Part VII, Section A, line 1a, with respect to the filing organization or a related organization:

Receive a severance payment or change-of-control payment? .............

Participate in, or receive payment from, a supplemental nonqualified retirement plan? .........

Participate in, or receive payment from, an equity-based compensation arrangement? .........

If "Yes" to any of lines 4a-c, list the persons and provide the applicable amounts for each item in Part III.

Only 501(c)(3), 501(c)(4), and 501(c)(29) organizations must complete lines 5-9.

For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the revenues of:

The organization? ....................

Any related organization? .......................

If "Yes," on line 5a or 5b, describe in Part III.

For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the net earnings of:

The organization? ..................

Any related organization? ......................

If "Yes," on line 6a or 6b, describe in Part III.

For persons listed on Form 990, Part VII, Section A, line 1a, did the organization provide any nonfixed
payments not described in lines 5 and 6? If "Yes," describe in Part III ............

Were any amounts reported on Form 990, Part VII, paid or accured pursuant to a contract that was
subject to the initial contract exception described in Regulations section 53.4958-4(a)(3)? If "Yes," describe
in Part III ..........................

If "Yes" on line 8, did the organization also follow the rebuttable presumption procedure described in Regulations section 53.4958-6(c)? .........................

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 50053T

Schedule J (Form 990) 2019

Page 2

Part II

Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees. Use duplicate copies if additional space is needed.

For each individual whose compensation must be reported on Schedule J, report compensation from the organization on row (i) and from related organizations, described in the
instructions, on row (ii). Do not list any individuals that are not listed on Form 990, Part VII.
Note. The sum of columns (B)(i)-(iii) for each listed individual must equal the total amount of Form 990, Part VII, Section A, line 1a, applicable column (D) and (E) amounts for that individual.

(A) Name and Title		(B) Breakdown of W-2 and/or 1099-MISC compensation			(C) Retirement and other deferred compensation	(D) Nontaxable benefits	(E) Total of columns (B)(i)-(D)	(F) Compensation in column (B) reported as deferred on prior Form 990
(A) Name and Title		(i) Base compensation	(ii) Bonus & incentive compensation	(iii) Other reportable compensation	(C) Retirement and other deferred compensation	(D) Nontaxable benefits	(E) Total of columns (B)(i)-(D)
1CHRISTOPHER WOOD PRESIDENT AND CEO	(i) (ii)	363,532 ------------- 0	0 ------------- 0	0 ------------- 0	25,526 ------------- 0	20,818 ------------- 0	409,876 ------------- 0	0 ------------- 0
2MATT RENAUD CFO	(i) (ii)	200,107 ------------- 0	0 ------------- 0	0 ------------- 0	11,965 ------------- 0	20,818 ------------- 0	232,890 ------------- 0	0 ------------- 0
3ELIZABETH MACLIN EXECUTIVE VP	(i) (ii)	170,163 ------------- 0	0 ------------- 0	0 ------------- 0	11,356 ------------- 0	20,818 ------------- 0	202,337 ------------- 0	0 ------------- 0
4RODERICK VOGEL CHIEF DEVELOPMENT OFFICER	(i) (ii)	196,771 ------------- 0	0 ------------- 0	0 ------------- 0	11,434 ------------- 0	12,491 ------------- 0	220,696 ------------- 0	0 ------------- 0
5STEVEN MOYER VP OF GOVERNMENT AFFAIRS	(i) (ii)	165,344 ------------- 0	0 ------------- 0	0 ------------- 0	11,385 ------------- 0	20,818 ------------- 0	197,547 ------------- 0	0 ------------- 0
6ROBERT MASONIS VP WESTERN CONSERVATION	(i) (ii)	137,357 ------------- 0	0 ------------- 0	0 ------------- 0	9,512 ------------- 0	6,939 ------------- 0	153,808 ------------- 0	0 ------------- 0
7STEPHEN TRAFTON MANAGING DIR, COLDWATER CONSERVATION	(i) (ii)	125,803 ------------- 0	0 ------------- 0	0 ------------- 0	9,192 ------------- 0	20,818 ------------- 0	155,813 ------------- 0	0 ------------- 0
8LORI HELD SENIOR DIRECTOR, MEMBER SUPPORT	(i) (ii)	123,853 ------------- 0	0 ------------- 0	0 ------------- 0	9,318 ------------- 0	20,818 ------------- 0	153,989 ------------- 0	0 ------------- 0
9KIRK DEETER VP OF TROUT MEDIA	(i) (ii)	123,850 ------------- 0	0 ------------- 0	0 ------------- 0	9,038 ------------- 0	20,818 ------------- 0	153,706 ------------- 0	0 ------------- 0

Schedule J (Form 990) 2019

Page 3

Part III

Supplemental Information

Provide the information, explanation, or descriptions required for Part I, lines 1a, 1b, 3, 4a, 4b, 4c, 5a, 5b, 6a, 6b, 7, and 8, and for Part II. Also complete this part for any additional information.

Return Reference	Explanation

Schedule J (Form 990) 2019

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE M
(Form 990)

Department of the Treasury

Internal Revenue Service

Noncash Contributions

Complete if the organizations answered "Yes" on Form 990, Part IV, lines 29 or 30.
Right pointing arrow large image

Attach to Form 990.
Right pointing arrow large image

Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2019

Open to Public Inspection

Name of the organization

TROUT UNLIMITED INC

Employer identification number

38-1612715

Part I

Types of Property

	(a) Check if applicable	(b) Number of contributions or items contributed	(c) Noncash contribution amounts reported on Form 990, Part VIII, line 1g	(d) Method of determining noncash contribution amounts
1 Art—Works of art ....
2 Art—Historical treasures .
3 Art—Fractional interests ..
4 Books and publications ..
5 Clothing and household goods .......
6 Cars and other vehicles ..
7 Boats and planes ....
8 Intellectual property ...
9 Securities—Publicly traded .	X	62	1,783,753	FMV
10 Securities—Closely held stock .
11 Securities—Partnership, LLC, or trust interests ....
12 Securities—Miscellaneous ..
13 Qualified conservation contribution—Historic structures .....
14 Qualified conservation contribution—Other ...
15 Real estate—Residential .
16 Real estate—Commercial ..
17 Real estate—Other ...
18 Collectibles .....
19 Food inventory ...
20 Drugs and medical supplies .
21 Taxidermy ......
22 Historical artifacts ....
23 Scientific specimens ..
24 Archeological artifacts ...
25 Other ( )
26 Other ( )
27 Other ( )
28 Other ( )

Number of Forms 8283 received by the organization during the tax year for contributions
for which the organization completed Form 8283, Part IV, Donee Acknowledgement

Yes

30a

During the year, did the organization receive by contribution any property reported in Part I, lines 1 through 28, that it must hold for at least three years from the date of the initial contribution, and which isn't required to be used for exempt purposes for the entire holding period? ...................

30a

If "Yes," describe the arrangement in Part II.

Does the organization have a gift acceptance policy that requires the review of any nonstandard contributions?

Yes

32a

Does the organization hire or use third parties or related organizations to solicit, process, or sell noncash

contributions? ..........................

32a

If "Yes," describe in Part II.

If the organization didn't report an amount in column (c) for a type of property for which column (a) is checked,

describe in Part II.

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 51227J

Schedule M (Form 990) (2019)

Page 2

Part IISupplemental Information. Provide the information required by Part I, lines 30b, 32b, and 33, and whether the organization is reporting in Part I, column (b), the number of contributions, the number of items received, or a combination of both. Also complete this part for any additional information.

Return Reference	Explanation
PART I, COLUMN (B):	THIS COLUMN REPORTS THE NUMBER OF STOCK DONATIONS.

Schedule M (Form 990) (2019)

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
MediumBullet

Attach to Form 990 or 990-EZ.
MediumBullet

Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2019

Open to Public
Inspection

Name of the organization

TROUT UNLIMITED INC

Employer identification number

38-1612715

Return Reference	Explanation
FORM 990, PART VI, SECTION A, LINE 6	TU HAS 8 CLASSES OF MEMBERSHIP: TU TEEN, REGULAR, SENIOR, TU BUSINESS, TU GUIDE, FAMILY, FAMILY LIFE, LIFE. 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. 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 WITH AN INDEPENDENT SALARY CONSULTANT 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. THEY ALSO REVIEW THE WORK PLANS AND ACCOMPLISHMENTS OF THE STAFF AND TAKE INTO CONSIDERATION THE EVALUATIONS OF KEY EMPLOYEES BY THE CEO WHEN DETERMINING THE FINAL COMPENSATION. COMPENSATION REVIEWS FOR THE CEO AND OTHER KEY EMPLOYEES ARE DONE IN CONJUNCTION WITH THE COMPLETION OF THE ANNUAL AUDIT, MOST RECENTLY IN JUNE 2020.
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 7,296,057. MANAGEMENT AND GENERAL EXPENSES 464,510. FUNDRAISING EXPENSES 39,879. TOTAL EXPENSES 7,800,446. CONSTRUCTION CONTRACTORS: PROGRAM SERVICE EXPENSES 17,247,620. MANAGEMENT AND GENERAL EXPENSES 109. FUNDRAISING EXPENSES 40. TOTAL EXPENSES 17,247,769.

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990 or 990-EZ) 2019

Additional Data

Software ID:
Software Version: