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Nonprofiteer
← HOLDFAST TR

Form 990 for tax year 2023

Filed by HOLDFAST TR.

Totals

Total revenue
$41,375,376
Total expenses
$36,077,944
Contributions and grants received
$2,250,000
Grants paid
$34,698,209
Program service revenue
$0
Investment income
$39,125,376
Other revenue
$0
Total assets, end of year
$1,419,036,339
Total liabilities, end of year
$2,201,856
Net assets or fund balances, end of year
$1,416,834,483
Program services expenses (Part IX)
$35,727,024
Management and general expenses
$350,920
Fundraising expenses
$0
Program service expenses (Part III)
$35,727,024

Program services were 99.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $2,250,000

  • 3 · Investment income

    total $39,125,376 · excluded $39,125,376

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $34,698,209 · program services $34,698,209

  • 5 · Compensation of officers, directors and key employees

    total $1,165,989 · program services $1,028,815 · management and general $137,174

  • 11a · Fees: management

    total $2,904 · management and general $2,904

  • 11b · Fees: legal

    total $121,483 · management and general $121,483

  • 11c · Fees: accounting

    total $20,750 · management and general $20,750

  • 23 · Insurance

    total $8,141 · management and general $8,141

  • 24a · Other expenses: TAXES

    total $58,529 · management and general $58,529

  • 24b · Other expenses: FOREIGN CURRENCY EXCHAN

    total $1,603 · management and general $1,603

  • 24c · Other expenses: BANK SERVICE CHARGES

    total $336 · management and general $336

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,225,309 · end of year $373,793

  • 2 · Savings and temporary cash investments

    beginning of year $28,227,339 · end of year $14,000,000

  • 4 · Accounts receivable

    beginning of year $0 · end of year $54,075

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $16,077,230

  • 12 · Investments: other securities

    beginning of year $1,381,084,403 · end of year $1,381,084,403

  • 13 · Investments: program-related

    beginning of year $0 · end of year $7,446,838

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $1,856

  • 18 · Grants payable

    beginning of year $0 · end of year $2,200,000

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $1,411,537,051 · end of year $1,416,834,483

Mission and programs · 2023

Mission

FIGHTING THE ENVIRONMENTAL CRISIS BY RAISING AWARENESS OF THE CURRENT ENVIRONMENTAL CRISIS; PROTECTING BIODIVERSITY AND CLIMATE RESILIENCE THROUGH LAND PRESERVATION AND RESTORATION; DEFENDING AND SUPPORTING DEMOCRACY AND ENVIRONMENTAL ACTIVISM; LOBBYING AND OTHER ADVOCACY IN SUPPORT OF THESE ISSUES; AND MAKING GRANTS TO OTHER NONPROFIT ORGANIZATIONS.

Activities or mission (Part I)

PROVIDES GRANTS TO ORGANIZATIONS ENGAGED IN PROTECTING THE ENVIRONMENT AND ENGAGES IN DIRECT CONSERVATION EFFORTS TO PROTECT THE ENVIRONMENT THROUGH THE ACQUISITION OF LAND OR OTHER PROPERTY OR CONTRACTUAL RIGHTS

  • FIGHTING THE ENVIRONMENTAL CRISIS BY RAISING AWARENESS OF THE CURRENT ENVIRONMENTAL CRISIS; PROTECTING BIODIVERSITY AND CLIMATE RESILIENCE THROUGH LAND PRESERVATION AND RESTORATION; DEFENDING AND SUPPORTING DEMOCRACY AND ENVIRONMENTAL ACTIVISM; LOBBYING AND OTHER ADVOCACY IN SUPPORT OF THESE ISSUES; AND MAKING GRANTS TO OTHER NONPROFIT ORGANIZATIONS.

    Expenses $35,727,024 · Grants $34,698,209

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • FOUR SEAS LLC DBA HOLDFAST COLLECTIVE

    INSTITUTIONAL TRUSTEE

    Total calculated
    $1,165,989
    From this org
    $1,165,989
    From related orgs
    $0
    Other
    $0
    Hours/week
    63 + 1 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • PATAGONIA WORKS - SEE PART VII EXPLAINATION

    C · HOLDING COMPANY · CA · controlled entity

  • TP LOG SALVAGE LTD

    C · LAND HOLDING COMPANY · CA · 100% owned · share of assets $1,979,116 · controlled entity

    Directly controlled by HOLDFAST TRUST

Provenance

Return type
form_990
Tax year
2023
Filed
18 October 2024
IRS schema version
2023v5.1
Source object
202423029349301247

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