Skip to content
Nonprofiteer
← AUDUBON NATURE INSTITUTE FOUNDATION

Form 990 for tax year 2022

Filed by AUDUBON NATURE INSTITUTE FOUNDATION.

Totals

Total revenue
$1,753,425
Total expenses
$1,998,417
Contributions and grants received
$68,340
Grants paid
$1,780,599
Program service revenue
$0
Investment income
$1,685,085
Other revenue
$0
Total assets, end of year
$30,911,414
Total liabilities, end of year
$1,298
Net assets or fund balances, end of year
$30,910,116
Program services expenses (Part IX)
$1,780,599
Management and general expenses
$217,818
Fundraising expenses
$0
Program service expenses (Part III)
$1,780,599

Program services were 89.1% 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

    $68,340

  • 3 · Investment income

    total $499,255 · excluded $499,255

  • 7a · Gross sales of assets other than inventory

    securities $6,935,354

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

    securities $5,749,524

  • 7c · Gain or loss

    securities $1,185,830

  • 7d · Net gain or loss

    total $1,185,830 · excluded $1,185,830

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,780,599 · program services $1,780,599

  • 11c · Fees: accounting

    total $18,549 · management and general $18,549

  • 11f · Fees: investment management

    total $199,269 · management and general $199,269

Balance sheet

Part X, book values.

  • 4 · Accounts receivable

    beginning of year $56,653 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $31,086,937 · end of year $22,972,228

  • 12 · Investments: other securities

    beginning of year $9,418,650 · end of year $7,939,186

  • 17 · Accounts payable and accrued expenses

    beginning of year $750

  • 25 · Other liabilities

    beginning of year $0 · end of year $1,298

  • 27 · Net assets without donor restrictions

    beginning of year $6,924,023 · end of year $4,660,118

  • 28 · Net assets with donor restrictions

    beginning of year $33,637,467 · end of year $26,249,998

Mission and programs · 2022

Mission

Audubon Nature Institute Foundation's Mission is to raise funds in support of the facilities, programs, and other activities managed by Audubon Nature Institute.

Activities or mission (Part I)

Provide funding for the facilities managed by Audubon Nature Institute.

  • Endowment income transfers to Audubon Zoo, Audubon Park, Freeport-McMoRan Audubon Species Survival Center, Aquarium of the Americas, Woldenberg Riverfront Park, and Audubon Louisiana Nature Center.

    Expenses $1,780,599 · Grants $1,780,599

As filed on the 2022 return.

Listed in Part VII

  • Linda G Baum

    Board Member

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Leslie P Gottsegen

    Board Member

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Joseph A Jaeger

    Board Member

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Peter E Moss

    Board Member

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Charles C Teamer Sr PhD

    Vice Chairman

    Total calculated
    $0
    Hours/week
    1

  • Donald T Bollinger

    Chairman

    Total calculated
    $0
    Hours/week
    1

  • Willard Dumas

    Board Member

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Angus Cooper

    Board Member

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Christopher Bardell

    Board Member

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • L Ronald Forman

    President/CEO

    Total calculated
    $789,166
    From this org
    $0
    From related orgs
    $626,258
    Other
    $162,908
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $605,758 related
    Bonus
    $0
    Other
    $0 + $20,500 related
    Deferred
    $0 + $148,769 related
    Nontaxable benefits
    $0 + $14,139 related
    Filer's total
    $0 + $789,166 related

  • Laurie Conkerton

    Secretary/Treasurer

    Total calculated
    $208,410
    From this org
    $0
    From related orgs
    $192,955
    Other
    $15,455
    Hours/week
    3 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $192,955 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $4,179 related
    Nontaxable benefits
    $0 + $11,276 related
    Filer's total
    $0 + $208,410 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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Part I, Line 4b
Audubon Nature Institute, Inc. has a discretionary 457 Executive Retirement Plan for one of its officers, President and CEO L. Ronald Forman. The plan provides additional compensation based on years of service and estimated pay at retirement. The assets of this plan are owned by Audubon Nature Institute. The plan was developed in 2004 as a best-practices strategy to retain seasoned professionals in senior leadership positions. During 2022, Ron Forman received a contribution of $141,081 to his 457 retirement plan from Audubon Nature Institute, Inc.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
14 February 2024
IRS schema version
2022v5.0
Source object
202430459349302473

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.