By Vanessa Baratta, MGWA Treasurer
In 2019, MGWA held two conferences: “It’s Time to Talk About ‘Till’ – Glacial Sediments and Groundwater” (spring) and “No Longer ‘Out of Sight, Out of Mind’ – Making Groundwater Science Visible to Citizens and Clients” (fall). This year MGWA took in a total of $104,803.95 with the majority of the income coming from the programs, including both of the conferences (Figure 1). MGWA had a total of $97,848.09 in expenses, with the largest expense being the programs (Figure 2). In 2019 MGWA transferred $15,000 to the Minnesota Ground Water Association Foundation (MGWAF) for use in scholarships and other requested expenses. This produced a net income of $6,955.86. The required federal nonprofit information returns were prepared and are available to the public on the MGWA website.
The MGWAF receives funds from MGWA as well as private donations. The MGWAF Board distributes funds in the form of scholarships to students with a focus on groundwater studies, as grants to educational institutions or events that focus on groundwater. The distribution amounts vary depending on the funds available for distribution and the number of applications received. The MGWAF Board meets quarterly to review the funding requests. During 2019 MGWAF gave out a total of $12,800 in awards and scholarships (Figure 3) and increased the value of their investment accounts by $47,310.85 through donations and investment results. At the end of 2019 the MGWAF had a total value of $309,451.11 in their accounts.
MGWA is committed to developing a just, equitable, and inclusive groundwater community. Click on the button below to read MGWA’s full diversity statement.
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