2026-09-04T09:07:14-05:00 2025-12-31 521392008 GELMAN ROSENBERG & FREEDMAN 4550 MONTGOMERY AVE SUITE 800N BETHESDA MD 208142930 990 2025-01-01 611518154 PROJECT HEALING WATERS FLY FISHING INC PROJ 3018306450 PO BOX 695 LA PLATA MD 20646 JIM KNOWLTON CEO 3018306450 2026-09-04 1 ELIZABETH W HELLER P00397829 3019519090 2025 JIM KNOWLTON PO BOX 695 LA PLATA MD 20646 6302893 0 X WWW.PROJECTHEALINGWATERS.ORG X 2007 MD SEE PART III, LINE 1. 11 10 20 3526 33342 29215 1042210 5314117 0 0 1092 32748 157591 460917 1200893 5807782 0 0 0 0 249111 1502805 0 0 852613 815577 3729148 1064688 5231953 136205 575829 1181159 1357900 482915 219245 698244 1138655 X PROJECT HEALING WATERS FLY FISHING INC MISSION IS DEDICATED TO THE PHYSICAL AND EMOTIONAL REHABILITATION OF DISABLED ACTIVE DUTY MILITARY AND DISABLED VETERANS THROUGH FLY FISHING AND ASSOCIATED ACTIVITIES INCLUDING EDUCATION AND OUTINGS. 0 0 2169531 REGIONAL PROGRAMS: PROJECT HEALING WATERS FLY FISHING OPERATES REGIONAL PROGRAMS IN 45 STATES, DELIVERING REHABILITATIVE THERAPY TO WOUNDED, ILL, AND INJURED ACTIVE-DUTY MILITARY PERSONNEL AND DISABLED VETERANS THROUGH FLY FISHING AND RELATED ACTIVITIES. EACH REGIONAL PROGRAM PROVIDES FIVE CORE PROGRAM ACTIVITIES - FLY TYING, ROD BUILDING, CASTING, FLY FISHING EDUCATION, AND FLY FISHING OUTINGS - THAT BUILD A SUPPORTIVE COMMUNITY IN WHICH PARTICIPANTS FIND PHYSICAL AND EMOTIONAL HEALING. PROGRAMS PARTNER WITH DEPARTMENT OF VETERANS AFFAIRS MEDICAL FACILITIES, DEPARTMENT OF DEFENSE MILITARY TREATMENT FACILITIES, VA OUTPATIENT CLINICS, AND LOCAL FLY FISHING ORGANIZATIONS TO REACH PARTICIPANTS WHERE THEY ALREADY RECEIVE CARE. ALL INSTRUCTION AND EQUIPMENT ARE PROVIDED TO PARTICIPANTS FREE OF CHARGE, AND VOLUNTEER PROGRAM LEADS DELIVER ONGOING, LONG-TERM CLASSES RATHER THAN ONE-TIME EVENTS, FOSTERING CAMARADERIE AND SUSTAINED ENGAGEMENT. IN 2025, REGIONAL PROGRAMS SERVED 7,900 VETERANS AND SERVICE MEMBERS ACROSS 160 LOCAL PROGRAM SITES. 1468148 NATIONAL PROGRAM SUPPORT: PROJECT HEALING WATERS PROVIDES CENTRALIZED NATIONAL SUPPORT TO SUSTAIN AND STRENGTHEN ITS NETWORK OF REGIONAL PROGRAMS, ENSURING CONSISTENT QUALITY OF CARE AND OPERATIONAL CAPABILITY ACROSS THE COUNTRY. THIS INCLUDES RECRUITING, TRAINING, AND SUPPORTING VOLUNTEER PROGRAM LEADS AND REGIONAL COORDINATORS; DEVELOPING CURRICULUM AND INSTRUCTIONAL STANDARDS FOR FLY TYING, ROD BUILDING, AND CASTING INSTRUCTION; AND MAINTAINING RELATIONSHIPS WITH VA AND DOD MEDICAL FACILITY PARTNERS NATIONWIDE. ADMINISTRATIVE INFRASTRUCTURE THAT ALLOWS LOCAL VOLUNTEERS TO FOCUS ON DIRECT PARTICIPANT ENGAGEMENT RATHER THAN PROGRAM LOGISTICS. THIS BACKBONE OF SUPPORT ENABLED THE ORGANIZATION TO SUSTAIN 160 REGIONAL PROGRAMS IN 45 STATES DURING 2025. PROJECT HEALING WATERS PROVIDES ONCE-IN-A-LIFETIME FLY FISHING DESTINATION EXPERIENCES FOR ACTIVE-DUTY MILITARY AND VETERAN PARTICIPANTS AT PREMIER FISHING LOCATIONS ACROSS THE COUNTRY, INCLUDING THROUGH DEDICATED PROGRAM SITES SUCH AS FREEDOM RANCH FOR HEROES IN WISE RIVER, MONTANA AND OAK HEART LODGE IN NEWAYGO, MICHIGAN, AS WELL AS TRIPS TO NATIONAL PARKS AND OTHER STORIED WATERS NATIONWIDE. THESE MULTI-DAY TRIPS EXTEND THE HEALING AND CAMARADERIE OF THE REGIONAL PROGRAM INTO AN IMMERSIVE OUTDOOR SETTING, OFFERING PARTICIPANTS - INCLUDING MANY WHO FACE MOBILITY, FINANCIAL, OR LOGISTICAL BARRIERS TO TRAVEL - AN OPPORTUNITY TO FISH WATERS THEY OTHERWISE COULD NOT ACCESS. TRIPS ARE PROVIDED FREE OF CHARGE TO PARTICIPANTS, WITH TRANSPORTATION, LODGING, AND GUIDE SERVICES COVERED BY THE ORGANIZATION AND ITS PARTNERS. 3637679 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 36 0 1 20 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 11 10 1 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 0 0 AR CA FL GA HI IL KS KY MD MA MI MN MS NJ NM NY OK OR PA RI TN UT VA WV WI OK X X CHUCK CALKINS 3018306450 PO BOX 695 LA PLATA MD 20646 JOHN LANGFORD CEO 50.00 X X 199423 0 0 CINDY KUEHNER CHAIR 25.00 X X 0 0 0 GUY SCHILLER VICE-CHAIR 15.00 X X 0 0 0 TYLER SPARROW GOVERNANCE COMMITTEE CHAIR 10.00 X 0 0 0 MIKE WILSON TREASURER - F&A CHAIR 10.00 X X 0 0 0 BRIAN WILSON SECRETARY 10.00 X X 0 0 0 SARAH THOMAS TRUSTEE 1.00 X 0 0 0 ALEX KENNEY TRUSTEE 1.00 X 0 0 0 ELIZABETH TRANARY TRUSTEE 1.00 X 0 0 0 KENDYL HANKS TRUSTEE 1.00 X 0 0 0 BLAIN TOMLINSON TRUSTEE (UNTIL 11/21/25) 1.00 X 0 0 0 TINA ATHERALL TRUSTEE 1.00 X 0 0 0 MIKE CATHER VP DEVELOPMENT (FROM 1/6/25) 45.00 X 133210 0 0 CHRISTOPHER WOODWARD VP OPERATIONS 45.00 X 123859 0 2921 456492 0 2921 3 0 1 0 FAHRENHEIT ADVISORS 1500 MACTAVISH AVENUE RICHMOND VA 23230 ACCOUNTING SERVICES 188617 THE PLAZA HOTEL 770 FIFTH AVENUE 3RD FLOOR NEW YORK NY 10019 EVENT SPACE 133678 IDLEWILD 249 SMITH STREET 201 BROOKLYN NY 11231 SALESFORCE CONTROLLER 132971 ROBERT HALF PO BOX 743295 LOS ANGELES CA 90074 STAFFING CONSULTANT 132554 4 1023993 4290124 644750 5314117 4623 4623 143825 115700 28125 28125 28125 751616 346050 405566 405566 66703 33361 33342 33342 CREDIT CARD REWARDS 900099 22009 22009 22009 5807782 0 33342 460323 199423 39885 79769 79769 1063439 532566 235567 295306 18111 9094 2612 6405 95830 55326 7077 33427 126002 64807 20637 40558 384693 172881 106314 105498 148956 78599 35098 35259 45479 6516 27429 11534 54655 -5446 33441 26660 363461 95237 109780 158444 -37664 7090 -44754 686292 659801 15938 10553 233927 212439 7526 13962 24000 13252 3754 6994 88173 29924 58249 MATERIALS & SUPPLIES 558849 503375 39100 16374 IN-KIND GOODS 501093 501093 GUIDE FEES 397013 407448 -10435 PROGRAM EXPENSES 247152 248949 -1797 0 33069 4843 16356 11870 5231953 3637679 741661 852613 479646 870812 442656 93000 151750 29499 59366 39988 358785 345352 102195 13433 197496 28208 4296 26714 1181159 1357900 445955 196015 36960 0 23230 482915 219245 X 359145 398838 339099 739817 698244 1138655 1181159 1357900 575829 13577 -148995 0 X 0 1 X 1 0 X 3806485 4252651 4402976 1042210 5314117 18818439 3806485 4252651 4402976 1042210 5314117 18818439 1853389 16965050 2534 654 11564 1092 4623 20467 160629 434781 595410 505 1800 34960 42 22099 59406 19493722 0.87030 0.89550 X PART II, SHORT YEAR EXPLANATION: COLUMN 2024 ON SCHEDULE A, PART II INCLUDES A SHORT PERIOD RETURN FOR 10/1/2024-12/31/2024. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 13440 15070 -1630 115141 102907 12234 230204 227375 2829 13433 OPERATING LEASE LIABILITY 23230 23230 6945213 13577 47533 1076321 1137431 5807782 0 5807782 6350173 47533 1070687 1118220 5231953 0 5231953 PART XI, LINE 2D - OTHER ADJUSTMENTS: REVENUE FOR THE 3 MONTH PERIOD INCLUDED IN THE 15-MONTH FINANCIAL STATEMENTS AND EXCLUDED FROM THE 12 MONTH 990 FILING 1,076,321. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES FOR THE 3 MONTH PERIOD INCLUDED IN THE 15-MONTH 1,070,687. FINANCIAL STATEMENTS AND EXCLUDED FOR THE 12 MONTH 990 FILING. HOFT 456885 456885 14556 712 91893 10862 MOSSY CREEK 134293 0 134293 5089 22720 2 160438 160438 5290 13577 181351 751616 751616 24935 14289 91893 214933 346050 405566 X X 0 0 0 0 0 0 0 0 0 JOHN LANGFORD CEO 199423 0 0 0 0 0 0 0 0 0 199423 0 0 0 X 4 173658 STOCK VALUE X 2 2040 VALUED BY DONOR X 25 18929 VALUED BY DONOR X FLY FISHING RODS, REELS AND SUPPLIES 203 313134 VALUED BY DONOR X LODGING/FUEL 55 102604 VALUED BY DONOR X FOOD AND BEVERAGES 47 18124 VALUED BY DONOR X GIFT CARDS/CERTIFICATES 27 16261 VALUED BY DONOR 0 0 0 SCHEDULE M, PART I, COLUMN (B) THIS COLUMN INCLUDES THE NUMBER OF CONTRIBUTIONS RECEIVED. FORM 990, PART VI, SECTION A, LINE 2 BRIAN WILSON AND MIKE WILSON HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS REVIEWED BY THE CEO AND TREASURER. ONCE THIS REVIEW WAS COMPLETE AND CHANGES ARE INCORPORATED INTO THE RETURN, THE FORM 990 WAS SENT TO THE FINANCE AND AUDIT COMMITTEE FOR APPROVAL. AFTER THE FORM 990 WAS APPROVED, THE FINAL COPY WAS SENT TO THE BOARD OF TRUSTEES BEFORE THE RETURN WAS FILED. FORM 990, PART VI, SECTION B, LINE 12C TO ENSURE COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY, THE GOVERNANCE COMMITTEE CHAIR ON AN ANNUAL BASIS PROVIDES EACH TRUSTEE WITH A COPY OF THE CONFLICT OF INTEREST POLICY. EACH TRUSTEE IS REQUIRED TO RETURN A SIGNED ACKNOWLEDGEMENT THAT THEY HAVE READ AND UNDERSTAND THE POLICY. IF THE BOARD OR COMMITTEE HAS REASONABLE CAUSE TO BELIEVE THAT A MEMBER HAS FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, IT INFORMS THE MEMBER OF THE BASIS FOR SUCH BELIEF AND AFFORDS THE MEMBER AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. IF, AFTER HEARING THE RESPONSE OF THE MEMBER AND MAKING SUCH FURTHER INVESTIGATION AS MAY BE WARRANTED IN THE CIRCUMSTANCES, THE BOARD OR COMMITTEE DETERMINES THAT THE MEMBER HAS, IN FACT, FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT TAKES APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. FORM 990, PART VI, SECTION B, LINE 15A THE CHAIR OF THE BOARD REVIEWS THE COMPENSATION PAID FOR SIMILAR POSITIONS WITHIN THE GEOGRAPHIC AREA TO DETERMINE THE RECOMMENDED CEO COMPENSATION PACKAGE. THE RECOMMENDATION IS SENT TO THE EXECUTIVE COMMITTEE FOR APPROVAL. THE COMPENSATION REVIEW PROCESS IS DISCUSSED AND DOCUMENTED. THE LAST COMPENSATION REVIEW TOOK PLACE IN FEBRUARY 2025. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST. THE FINANCIAL STATEMENTS ARE ALSO AVAILABLE ON THE ORGANIZATION WEBSITE, WWW.PROJECTHEALINGWATERS.ORG.