Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $996,676

• 1e · Government grants (contributions)

  $17,293,190

• 1f · All other contributions, gifts and grants

  $113,217,906

• 1g · Noncash contributions included above

  $5,266,430

• 2a · Program service revenue: CONTRACTUAL REVENUE

  total $4,147,713 · related or exempt $4,147,713

• 2b · Program service revenue: REGISTRATION FEES

  total $1,730,642 · related or exempt $1,730,642

• 2c · Program service revenue: ADMISSIONS

  total $1,715,521 · related or exempt $1,715,521

• 2d · Program service revenue: LAND USE REVENUE

  total $878,208 · related or exempt $878,208

• 2e · Program service revenue: TUITION INCOME

  total $417,819 · related or exempt $417,819

• 2f · All other program service revenue

  total $447,935 · related or exempt $447,935

• 3 · Investment income

  total $4,540,017 · unrelated business $9,280 · excluded $4,530,737

• 5 · Royalties

  total $1,086,111 · excluded $1,086,111

• 6a · Gross rents

  real property $1,361,608

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $1,361,608

• 6d · Net rental income or loss

  total $1,361,608 · excluded $1,361,608

• 7a · Gross sales of assets other than inventory

  securities $42,573,710 · other assets $6,900

• 7b · Less cost or other basis and sales expenses

  securities $41,910,181 · other assets $0

• 7c · Gain or loss

  securities $663,529 · other assets $6,900

• 7d · Net gain or loss

  total $670,429 · excluded $670,429

• 8a · Fundraising events: gross income

  $119,763

• 8a · Fundraising events: contributions included on line 1c

  $996,676

• 8b · Fundraising events: direct expenses

  $451,935

• 8c · Net income from fundraising events

  total -$332,172 · excluded -$332,172

• 9a · Gaming: gross income

  $2,172

• 9b · Gaming: direct expenses

  $0

• 9c · Net income from gaming

  total $2,172 · excluded $2,172

• 10a · Gross sales of inventory

  $1,672,725

• 10b · Cost of goods sold

  $755,668

• 10c · Net income from sales of inventory

  total $917,057 · related or exempt $917,057

• 11a · Other revenue: LIST RENTAL

  total $257,125 · excluded $257,125

• 11b · Other revenue: INSURANCE RECOVERIES

  total $237,432 · excluded $237,432

• 11c · Other revenue: MANAGEMENT FEE

  total $124,599 · excluded $124,599

• 11d · All other revenue

  total $164,186 · excluded $164,186

• 11e · Other revenue, total

  $783,342

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $5,725,574 · program services $5,725,574

• 2 · Grants to domestic individuals

  total $1,364,294 · program services $1,364,294

• 3 · Grants to foreign organizations and individuals

  total $1,876,179 · program services $1,876,179

• 5 · Compensation of officers, directors and key employees

  total $2,111,868 · program services $1,561,712 · management and general $315,399 · fundraising $234,757

• 6 · Compensation of disqualified persons

  total $326,870 · program services $228,809 · management and general $65,374 · fundraising $32,687

• 7 · Other salaries and wages

  total $70,688,480 · program services $57,626,346 · management and general $4,048,060 · fundraising $9,014,074

• 8 · Pension plan contributions

  total $4,465,631 · program services $3,628,386 · management and general $270,454 · fundraising $566,791

• 9 · Other employee benefits

  total $9,993,812 · program services $8,120,109 · management and general $605,259 · fundraising $1,268,444

• 10 · Payroll taxes

  total $5,348,539 · program services $4,345,761 · management and general $323,926 · fundraising $678,852

• 11b · Fees: legal

  total $560,894 · program services $168,535 · management and general $354,134 · fundraising $38,225

• 11c · Fees: accounting

  total $271,452 · management and general $271,452

• 11d · Fees: lobbying

  total $708,532 · program services $708,532

• 11e · Fees: professional fundraising services

  total $3,736,980 · fundraising $3,736,980

• 11f · Fees: investment management

  total $946,579 · management and general $946,579

• 11g · Fees: other

  total $22,503,811 · program services $20,711,801 · management and general $429,694 · fundraising $1,362,316

• 12 · Advertising and promotion

  total $2,009,205 · program services $149,840 · management and general $363 · fundraising $1,859,002

• 13 · Office expenses

  total $18,755,713 · program services $13,381,751 · management and general $203,936 · fundraising $5,170,026

• 14 · Information technology

  total $890,473 · program services $507,929 · management and general $319,753 · fundraising $62,791

• 15 · Royalties

  total $554,072 · program services $554,072

• 16 · Occupancy

  total $5,426,095 · program services $4,397,259 · management and general $606,825 · fundraising $422,011

• 17 · Travel

  total $3,018,910 · program services $2,619,591 · management and general $216,274 · fundraising $183,045

• 19 · Conferences, conventions and meetings

  total $1,466,452 · program services $1,115,606 · management and general $173,783 · fundraising $177,063

• 22 · Depreciation, depletion and amortization

  total $3,422,594 · program services $3,255,197 · management and general $111,348 · fundraising $56,049

• 23 · Insurance

  total $1,914,921 · program services $1,428,723 · management and general $446,123 · fundraising $40,075

• 24a · Other expenses: CREDIT CARD/BANK FEES

  total $2,151,203 · program services $1,600,853 · management and general $259,484 · fundraising $290,866

• 24b · Other expenses: MEMBERSHIP FULLFILLMENT

  total $1,603,334 · program services $704,276 · fundraising $899,058

• 24c · Other expenses: SUBSCRIPTIONS & DUES

  total $1,378,135 · program services $1,216,099 · management and general $49,656 · fundraising $112,380

• 24e · All other expenses

  total $121,398 · program services $121,123 · management and general $273 · fundraising $2

• 26 · Joint costs (an allocation of the lines above)

  total $14,994,000 · program services $8,254,000 · management and general $0 · fundraising $6,740,000

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $13,759,434 · end of year $14,747,146

• 2 · Savings and temporary cash investments

  beginning of year $101,918,293 · end of year $82,468,481

• 3 · Pledges and grants receivable

  beginning of year $26,692,176 · end of year $22,648,156

• 4 · Accounts receivable

  beginning of year $13,560,156 · end of year $19,998,631

• 8 · Inventories for sale or use

  beginning of year $296,832 · end of year $371,021

• 9 · Prepaid expenses and deferred charges

  beginning of year $2,904,949 · end of year $3,761,146

• 10a · Land, buildings and equipment: cost or other basis

  $213,011,918

• 10b · Land, buildings and equipment: accumulated depreciation

  $56,459,162

• 10c · Land, buildings and equipment, net

  beginning of year $147,310,125 · end of year $156,552,756

• 11 · Investments: publicly traded securities

  beginning of year $16,234,876 · end of year $16,524,905

• 12 · Investments: other securities

  beginning of year $278,605,065 · end of year $294,658,132

• 14 · Intangible assets

  beginning of year $25,500

• 15 · Other assets

  beginning of year $12,310,006 · end of year $10,508,084

• 17 · Accounts payable and accrued expenses

  beginning of year $12,716,227 · end of year $18,971,589

• 19 · Deferred revenue

  beginning of year $3,541,462 · end of year $2,146,204

• 21 · Escrow or custodial account liability

  beginning of year $7,313,366 · end of year $8,239,578

• 25 · Other liabilities

  beginning of year $24,035,223 · end of year $21,413,902

• 27 · Net assets without donor restrictions

  beginning of year $261,351,843 · end of year $255,553,172

• 28 · Net assets with donor restrictions

  beginning of year $304,659,291 · end of year $315,914,013

The filer's explanations (Part III)

PART I, LINE 1A

AUDUBON'S TRAVEL POLICY AUTHORIZES BUSINESS CLASS TRAVEL FOR THE CHIEF EXECUTIVE OFFICER DUE TO THE FREQUENCY AND LENGTH OF TRAVEL; FIRST CLASS IS PERMITTED IF BUSINESS CLASS IS NOT AVAILABLE OR THE COST OF A REFUNDABLE TICKET IS EQUIVALENT TO FIRST CLASS. IN CALENDAR YEAR 2024, ELIZABETH GRAY DID TRAVEL VIA FIRST-CLASS IN CERTAIN CIRCUMSTANCES.

PART I, LINE 4A

FORMER VP AND GENERAL COUNSEL, LORRAINE A. SCIARRA, RECEIVED A SEPARATION PAYMENT OF $308,252 IN CALENDAR YEAR 2023, OF WHICH $308,252 WAS PREVIOUSLY REPORTED AS DEFERRED COMPENSATION ON THE PRIOR YEAR FORM 990. THIS AMOUNT IS REPORTED BOTH IN SCHEDULE J PART II, COLUMNS (B)(III) AND (F). SENIOR VICE PRESIDENT, FLYWAYS, AMY B. SOBEL, RECEIVED A SEPARATION PAYMENT OF $46,152 IN CALENDAR YEAR 2023. THIS AMOUNT IS REPORTED ON THE FORM 990, SCHEDULE J PART II, COLUMN (B)(III). IN ADDITION, MS. SOBEL RECEIVED A SEVERANCE PAYMENT OF $73,843 THAT WAS PAID OUT IN CALENDAR YEAR 2024 AND IS REPORTED ON THE CURRENT FORM 990 AS DEFERRED COMPENSATION IN SCHEDULE J, PART II, COLUMN (C). CHIEF MARKETING & COMMUNICATION OFFICER, BETTY Y SU, SEPARATED FROM SERVICE IN APRIL OF 2024 AND RECEIVED A PAYMENT IN THE AMOUNT OF $58,500 WHICH IS RELATED TO SERVICES PERFORMED PRIOR TO HER DEPARTURE. THE SERVICES INCLUDED WORK ITEMS AND PRIORITIES SHE PREVIOUSLY AGREED TO, INCLUDING BUT NOT LIMITED TO, THE COMPLETION OF PERFORMANCE REVIEWS FOR HER DIRECT REPORTS. THE PAYMENT WAS TREATED AS A SEVERANCE PAYMENT AS IT WAS CAPTURED ON HER SEPARATION AGREEMENT. THIS SEVERANCE PAYMENT WAS PAID OUT IN CALENDAR YEAR 2024 AND SO IS BEING REPORTED AS DEFERRED COMPENSATION ON THE FORM 990, SCHEDULE J, PART II, COLUMN (C).

PART I, LINE 7

DURING CALENDAR YEAR 2023, CHIEF EXECUTIVE OFFICER, ELIZABETH M. GRAY RECEIVED A BONUS OF $256,250 FOR HER EXCEPTIONAL PERFORMANCE DURING HER TENURE AT AUDUBON. THE BONUS HAS TWO COMPONENTS: A BONUS OF $156,250 THAT WAS AUTHORIZED IN 2022 BUT NOT PAID OUT UNTIL 2023 AND A $100,000 BONUS AUTHORIZED AND PAID OUT IN 2023. DR. GRAY HAS MADE A MEASURABLE IMPACT ON THE ORGANIZATION AND HAS PLAYED A SIGNIFICANT ROLE IN AUDUBON'S SUCCESS OVER THE YEARS WITH HER DEEP KNOWLEDGE OF GLOBAL CLIMATE CHANGE AND EXPERTISE IN CONSERVATION. DR. GRAY HAS PLAYED AN INSTRUMENTAL ROLE IN RAISING FUNDING FOR AUDUBON'S MISSION ALLOWING THE ORGANIZATION TO FOCUS ITS EFFORTS ON THEIR PROGRAMS INCLUDING TACKLING CLIMATE CHANGE AND USING A HEMISPHERIC APPROACH TO CONSERVATION TO HELP PROTECT BIRDS AND THE PLACES THEY NEED. THE BONUS WAS REVIEWED AND APPROVED BY THE COMPENSATION COMMITTEE OF THE BOARD AND AUTHORIZED BASED ON DR. GRAY'S CONTRIBUTIONS TO THE ORGANIZATION. FOR ALL OTHER BONUSES REPORTED IN SCHEDULE J, BONUSES ARE AWARDED BASED ON MERIT AND AWARDED AT THE DISCRETION OF MANAGEMENT OR THE BOARD.