Form 990 for tax year 2023
Filed by NANTUCKET CONSERVATION FOUNDATION INC.
Totals
- Total revenue
- $16,182,389
- Total expenses
- $4,254,613
- Contributions and grants received
- $13,428,043
- Grants paid
- $0
- Program service revenue
- $182,696
- Investment income
- $2,403,815
- Other revenue
- $167,835
- Total assets, end of year
- $165,497,244
- Total liabilities, end of year
- $914,142
- Net assets or fund balances, end of year
- $164,583,102
- Program services expenses (Part IX)
- $2,598,901
- Management and general expenses
- $914,075
- Fundraising expenses
- $741,637
- Program service expenses (Part III)
- $2,598,901
Program services were 61.1% 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.
-
1b · Membership dues
$1,250,648
-
1c · Fundraising events
$956,268
-
1f · All other contributions, gifts and grants
$11,221,127
-
1g · Noncash contributions included above
$6,310,476
-
2a · Program service revenue: WAUWINET GATEHOUSE
total $166,475 · related or exempt $166,475
-
2b · Program service revenue: PRODUCT SALES
total $15,731 · related or exempt $15,731
-
2c · Program service revenue: CRANBERRY REVENUE
total $490 · related or exempt $490
-
3 · Investment income
total $762,195 · excluded $762,195
-
6a · Gross rents
real property $76,607
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $76,607
-
6d · Net rental income or loss
total $76,607 · excluded $76,607
-
7a · Gross sales of assets other than inventory
securities $10,397,277 · other assets $2,000
-
7b · Less cost or other basis and sales expenses
securities $8,757,657 · other assets $0
-
7c · Gain or loss
securities $1,639,620 · other assets $2,000
-
7d · Net gain or loss
total $1,641,620 · related or exempt $2,000 · excluded $1,639,620
-
8a · Fundraising events: gross income
$500,489
-
8a · Fundraising events: contributions included on line 1c
$956,268
-
8b · Fundraising events: direct expenses
$411,261
-
8c · Net income from fundraising events
total $89,228 · excluded $89,228
-
11a · Other revenue: ACKTRAILS
total $2,000 · related or exempt $2,000
-
11e · Other revenue, total
$2,000
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $230,000 · program services $138,000 · management and general $46,000 · fundraising $46,000
-
7 · Other salaries and wages
total $1,377,233 · program services $1,106,477 · management and general $47,563 · fundraising $223,193
-
8 · Pension plan contributions
total $52,609 · program services $40,640 · management and general $3,157 · fundraising $8,812
-
9 · Other employee benefits
total $253,385 · program services $146,163 · management and general $56,656 · fundraising $50,566
-
10 · Payroll taxes
total $126,879 · program services $98,242 · management and general $7,386 · fundraising $21,251
-
11b · Fees: legal
total $73,837 · management and general $73,837
-
11c · Fees: accounting
total $72,593 · management and general $72,593
-
11f · Fees: investment management
total $135,482 · management and general $135,482
-
11g · Fees: other
total $441,484 · program services $238,504 · management and general $170,583 · fundraising $32,397
-
12 · Advertising and promotion
total $95,868 · program services $2,810 · management and general $781 · fundraising $92,277
-
13 · Office expenses
total $353,162 · program services $59,994 · management and general $58,954 · fundraising $234,214
-
16 · Occupancy
total $109,463 · program services $59,692 · management and general $49,771
-
17 · Travel
total $86,611 · program services $15,687 · management and general $66,914 · fundraising $4,010
-
22 · Depreciation, depletion and amortization
total $306,166 · program services $257,179 · management and general $48,987
-
23 · Insurance
total $135,195 · program services $120,370 · management and general $14,825
-
24a · Other expenses: MAINTENANCE AND REPAIRS
total $295,285 · program services $274,619 · management and general $19,563 · fundraising $1,103
-
24b · Other expenses: EVENTS
total $53,726 · program services $14,032 · management and general $11,880 · fundraising $27,814
-
24c · Other expenses: MISC.
total $31,002 · program services $1,859 · management and general $29,143
-
24d · Other expenses: CRANBERRY EXPENSES
total $24,633 · program services $24,633
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $881,500 · end of year $1,074,572
-
3 · Pledges and grants receivable
beginning of year $2,512,218 · end of year $3,505,876
-
4 · Accounts receivable
end of year $40,586
-
5 · Loans and receivables from officers and key people
beginning of year $466,742 · end of year $466,742
-
9 · Prepaid expenses and deferred charges
beginning of year $45,960 · end of year $42,527
-
10a · Land, buildings and equipment: cost or other basis
$133,815,623
-
10b · Land, buildings and equipment: accumulated depreciation
$3,260,986
-
10c · Land, buildings and equipment, net
beginning of year $123,876,680 · end of year $130,554,637
-
11 · Investments: publicly traded securities
beginning of year $9,221,264 · end of year $12,139,459
-
12 · Investments: other securities
beginning of year $15,021,649 · end of year $17,672,845
-
17 · Accounts payable and accrued expenses
beginning of year $130,478 · end of year $303,679
-
19 · Deferred revenue
end of year $500,000
-
25 · Other liabilities
beginning of year $97,048 · end of year $110,463
-
27 · Net assets without donor restrictions
beginning of year $137,493,992 · end of year $147,469,407
-
28 · Net assets with donor restrictions
beginning of year $14,304,495 · end of year $17,113,695
Mission and programs · 2023
Mission
THE NANTUCKET CONSERVATION FOUNDATION OWNS, PROTECTS, AND STEWARDS OVER 9,000 ACRES OF LAND AND COASTAL SHORELINE, CONSERVES NANTUCKET'S RARE AND SIGNIFICANT NATURAL RESOURCES, AND ENGAGES IN IMPACTFUL ECOLOGICAL RESEARCH TO INFORM RESOURCE MANAGEMENT AND FURTHER OUR KNOWLEDGE OF NANTUCKET'S UNIQUE ECOSYSTEMS AND SPECIES. WE SHARE OUR ENVIRONMENTAL EXPERTISE WITH THE WIDER COMMUNITY AND PROVIDE EDUCATIONAL AND RECREATIONAL OPPORTUNITIES TO ENCOURAGE RESPECTFUL ENJOYMENT AND APPRECIATION OF OUR PROPERTIES.
Activities or mission (Part I)
LAND CONSERVATION IN NANTUCKET, MASSACHUSETTS
-
LAND MANAGEMENT: MAINTAINING OVER 9,000 ACRES OF OPEN SPACE, TRAILS SYSTEMS AND BEACHES FOR VISITORS TO ENJOY.
Expenses $1,734,392 · Revenue $186,696
-
SCIENCE AND STEWARDSHIP: DEVELOPING AND IMPLEMENTING RESOURCE INVENTORY PLANS FOR ALL NCF PROPERTIES.
Expenses $858,397
-
WILDFIRE PROGRAM: A PROGRAM TO PREVENT WILDFIRE PROLIFERATION ON NCF PROPERTIES; DEVELOP AND IMPLEMENT EXTENSIVE AREA FIREBREAK MOWING.
Expenses $6,112
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Ande GrennanANDE GRENNAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
John G MacFarlane IIIJOHN G MACFARLANE III
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Charles K Gifford JrCHARLES K GIFFORD JR
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Marianne R StantonMARIANNE R STANTON
CLERK
- Total calculated
- $0
- Hours/week
- 1
-
Lucinda YoungLUCINDA YOUNG
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Todd M KnutsonTODD M KNUTSON
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Edward V LaheyEDWARD V LAHEY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
David A ChampouxDAVID A CHAMPOUX
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Katie KeithKATIE KEITH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Sherwood NewellSHERWOOD NEWELL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Bonnie McCauslandBONNIE MCCAUSLAND
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Dr Diane PearlDR DIANE PEARL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Ann B OliverANN B OLIVER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
David RattnerDAVID RATTNER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mary WestMARY WEST
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Dr Geoffrey C TrussellDR GEOFFREY C TRUSSELL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Patrick S WaylandPATRICK S WAYLAND
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Lindsey GundLINDSEY GUND
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Stephen BartramSTEPHEN BARTRAM
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Rick UlmerRICK ULMER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Laura HansonLAURA HANSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Daphne MitchellDAPHNE MITCHELL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
James MeehanJAMES MEEHAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Cormac CollierCORMAC COLLIER
PRESIDENT AND CEO
- Total calculated
- $260,653
- From this org
- $230,000
- From related orgs
- $0
- Other
- $30,653
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $230,000
- Bonus
- $0
- Other
- $0
- Deferred
- $9,026
- Nontaxable benefits
- $21,627
- Filer's total
- $260,653
-
Karen C BeattieKAREN C BEATTIE
VICE PRES. SCIENCE & STEWA
- Total calculated
- $186,401
- From this org
- $149,649
- From related orgs
- $0
- Other
- $36,752
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $149,649
- Bonus
- $0
- Other
- $0
- Deferred
- $5,982
- Nontaxable benefits
- $30,770
- Filer's total
- $186,401
-
Jennifer KarbergJENNIFER KARBERG
DIRECTOR RESEARCH & PARTNE
- Total calculated
- $160,467
- From this org
- $124,708
- From related orgs
- $0
- Other
- $35,759
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $124,708
- Bonus
- $0
- Other
- $0
- Deferred
- $4,985
- Nontaxable benefits
- $30,774
- Filer's total
- $160,467
-
Richard MackRICHARD MACK
PROPERTIES MANAGER
- Total calculated
- $129,052
- From this org
- $102,531
- From related orgs
- $0
- Other
- $26,521
- Hours/week
- 40
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
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 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
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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 1 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202443199349304374
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