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← AUDUBON NATURE INSTITUTE FOUNDATION

Form 990 for tax year 2023

Filed by AUDUBON NATURE INSTITUTE FOUNDATION.

Totals

Total revenue
$649,901
Total expenses
$5,971,573
Contributions and grants received
$889,418
Grants paid
$5,778,098
Program service revenue
$0
Investment income
-$239,517
Other revenue
$0
Total assets, end of year
$29,528,487
Total liabilities, end of year
$27,054
Net assets or fund balances, end of year
$29,501,433
Program services expenses (Part IX)
$5,778,098
Management and general expenses
$193,475
Fundraising expenses
$0
Program service expenses (Part III)
$5,778,098

Program services were 96.8% 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.

  • 1d · Related organizations

    $222,500

  • 1f · All other contributions, gifts and grants

    $666,918

  • 3 · Investment income

    total $572,197 · excluded $572,197

  • 7a · Gross sales of assets other than inventory

    securities $12,068,818

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

    securities $12,880,532

  • 7c · Gain or loss

    securities -$811,714

  • 7d · Net gain or loss

    total -$811,714 · excluded -$811,714

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $5,778,098 · program services $5,778,098

  • 11c · Fees: accounting

    total $20,000 · management and general $20,000

  • 11f · Fees: investment management

    total $173,475 · management and general $173,475

Balance sheet

Part X, book values.

  • 3 · Pledges and grants receivable

    end of year $416,918

  • 11 · Investments: publicly traded securities

    beginning of year $22,972,228 · end of year $20,471,622

  • 12 · Investments: other securities

    beginning of year $7,939,186 · end of year $8,639,947

  • 25 · Other liabilities

    beginning of year $1,298 · end of year $27,054

  • 27 · Net assets without donor restrictions

    beginning of year $4,660,118 · end of year $770,267

  • 28 · Net assets with donor restrictions

    beginning of year $26,249,998 · end of year $28,731,166

Mission and programs · 2023

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 $5,778,098 · Grants $5,778,098

As filed on the 2023 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

  • 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

  • Charles C Teamer Sr PhD

    Vice Chairman

    Total calculated
    $0
    Hours/week
    1

  • Boysie Bollinger

    Chairman

    Total calculated
    $0
    Hours/week
    1

  • L Ronald Forman

    President/CEO

    Total calculated
    $832,099
    From this org
    $0
    From related orgs
    $670,221
    Other
    $161,878
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $647,721 related
    Bonus
    $0
    Other
    $0 + $22,500 related
    Deferred
    $0 + $147,518 related
    Nontaxable benefits
    $0 + $14,360 related
    Filer's total
    $0 + $832,099 related

  • Laurie Conkerton

    Secretary/Treasurer

    Total calculated
    $219,942
    From this org
    $0
    From related orgs
    $203,897
    Other
    $16,045
    Hours/week
    3 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $203,897 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $4,563 related
    Nontaxable benefits
    $0 + $11,482 related
    Filer's total
    $0 + $219,942 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 2023, Ron Forman received a contribution of $139,081 to his 457f 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
2023
Filed
31 January 2025
IRS schema version
2023v6.0
Source object
202530349349301253

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