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Nonprofiteer
← NATURAL HERITAGE TRUST

Form 990 for tax year 2023

Filed by NATURAL HERITAGE TRUST.

Totals

Total revenue
$15,697,020
Total expenses
$16,516,691
Contributions and grants received
$5,222,536
Grants paid
$5,484,286
Program service revenue
$8,752,894
Investment income
$1,721,590
Other revenue
$0
Total assets, end of year
$66,932,250
Total liabilities, end of year
$5,001,457
Net assets or fund balances, end of year
$61,930,793
Program services expenses (Part IX)
$14,823,691
Management and general expenses
$1,693,000
Fundraising expenses
$0
Program service expenses (Part III)
$14,823,691

Program services were 89.7% 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

    $5,222,536

  • 2a · Program service revenue: PROGRAM SERVICE REVENUE

    total $6,911,983 · related or exempt $6,911,983

  • 2b · Program service revenue: BENEFITS PROCESSING

    total $989,510 · related or exempt $989,510

  • 2c · Program service revenue: MITIGATION AND ENVIRONMENTAL BENE

    total $804,883 · related or exempt $804,883

  • 2d · Program service revenue: OTHER REVENUE

    total $46,518 · related or exempt $46,518

  • 3 · Investment income

    total $1,601,207 · excluded $1,601,207

  • 7a · Gross sales of assets other than inventory

    securities $4,246,928

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

    securities $4,126,545

  • 7c · Gain or loss

    securities $120,383

  • 7d · Net gain or loss

    total $120,383 · excluded $120,383

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $5,484,286 · program services $5,484,286

  • 5 · Compensation of officers, directors and key employees

    total $375,855 · management and general $375,855

  • 7 · Other salaries and wages

    total $3,725,712 · program services $3,400,557 · management and general $325,155

  • 9 · Other employee benefits

    total $1,743,224 · program services $949,157 · management and general $794,067

  • 11a · Fees: management

    total $614,466 · program services $614,466

  • 11f · Fees: investment management

    total $95,068 · program services $51,015 · management and general $44,053

  • 11g · Fees: other

    total $302,725 · program services $228,366 · management and general $74,359

  • 13 · Office expenses

    total $66,445 · program services $21,571 · management and general $44,874

  • 17 · Travel

    total $51,222 · program services $49,757 · management and general $1,465

  • 19 · Conferences, conventions and meetings

    total $28,725 · program services $28,725

  • 24a · Other expenses: PROGRAM EXPENSES - REST

    total $3,846,666 · program services $3,846,666

  • 24b · Other expenses: OTHER EXPENSES

    total $182,297 · program services $149,125 · management and general $33,172

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,501,573 · end of year $1,886,136

  • 4 · Accounts receivable

    beginning of year $249,636 · end of year $707,342

  • 11 · Investments: publicly traded securities

    beginning of year $17,664,278 · end of year $15,637,237

  • 12 · Investments: other securities

    beginning of year $42,334,032 · end of year $46,450,292

  • 15 · Other assets

    beginning of year $2,986,960 · end of year $2,251,243

  • 17 · Accounts payable and accrued expenses

    beginning of year $570,229 · end of year $555,033

  • 25 · Other liabilities

    beginning of year $5,005,708 · end of year $4,446,424

  • 27 · Net assets without donor restrictions

    beginning of year $1,784,259 · end of year $2,323,914

  • 28 · Net assets with donor restrictions

    beginning of year $57,376,283 · end of year $59,606,879

Mission and programs · 2023

Mission

THE PURPOSE OF THE TRUST IS TO SERVE AS A FOCAL POINT FOR THE RECEIPT AND ADMINISTRATION OF GIFTS, GRANTS, DEVISES AND BEQUESTS OF REAL AND PERSONAL PROPERTY TO FURTHER CONSERVATION, OUTDOOR RECREATION, HISTORIC PRESERVATION AND WATERFRONT AND COMMUNITY REVITALIZATION.

  • THE TRUST ACCOMPLISHES ITS MISSION BY ACCEPTING DONATIONS, RAISING FUNDS, AND THROUGH COOPERATIVE PROGRAMS AND PROJECTS WITH ITS AGENCY PARTNERS: NEW YORK STATE OFFICE OF PARKS, RECREATION AND HISTORIC PRESERVATION (OPRHP), DEPARTMENT OF ENVIRONMENTAL CONSERVATION (DEC) AND THE DEPARTMENT OF STATE (DOS). THE TRUST ALSO PARTNERS WITH A NUMBER OF OTHER PUBLIC AND PRIVATE ENTITIES, NOT-FOR-PROFITS AND FRIENDS GROUPS TO SECURE AND ADMINISTER FUNDING. THE TRUST IS DEDICATED TO BUILDING AND SUSTAINING RELATIONSHIPS WITH ORGANIZATIONS THAT SHARE MISSION COMPATIBLE GOALS AND PURPOSES.THE TRUST ENSURES THE SAFEKEEPING OF FUNDS HELD IN TRUST AND INVESTS FUNDS PRUDENTLY AND IN A MANNER CONSISTENT WITH THE UNDERLYING GIFT, GRANT, OR PROJECT AGREEMENT. PRIVATE FUNDING ENDOWED THROUGH THE TRUST HAS SUPPORTED A WIDE VARIETY OF CULTURAL AND RECREATIONAL PROGRAMS, CAPITAL PROJECTS AND IMPROVEMENTS, ENVIRONMENTAL AND OUTDOOR EDUCATION, NATURAL RESOURCE PROTECTION AND RESTORATION, AND HISTORIC PRESERVATION THROUGHOUT THE STATE FOR OVER FIFTY YEARS.

    Expenses $14,823,691 · Grants $5,484,286 · Revenue $8,752,894

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

Listed in Part VII

  • ERIK KULLESEID

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • BASIL SEGGOS

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    1

  • BRYAN ERWIN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ROBERT RODRIGUEZ

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • RANDY SIMONS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • SEAN MAHAR

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • LAURA DIBETTA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • KISHA SANTIAGO

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • SALLY DRAKE

    EXECUTIVE DIRECTOR

    Total calculated
    $195,003
    From this org
    $147,506
    From related orgs
    $0
    Other
    $47,497
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $147,506
    Bonus
    $0
    Other
    $0
    Deferred
    $15,400
    Nontaxable benefits
    $32,097
    Filer's total
    $195,003

  • SARAH PURCELL

    DEPUTY DIRECTOR/CFO

    Total calculated
    $180,852
    From this org
    $136,802
    From related orgs
    $0
    Other
    $44,050
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $136,802
    Bonus
    $0
    Other
    $0
    Deferred
    $14,282
    Nontaxable benefits
    $29,768
    Filer's total
    $180,852

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

None.

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

  • NYS OPRHP

    $4,207,521

    REIMBURSEMENT FOR CAPITAL IMPROVEMENTS

  • COMPTROLLER - STATE OF NEW YORK

    $980,000

    REIMBURSEMENTS FOR WESTERN NY TRAILS

  • DEPT OF ENVIRONMENTAL CONSERVATION

    $160,000

    CAPITAL IMPROVEMENTS

  • PALISADES INTERSTATE PARK COMMISSION

    $136,765

    ANNUAL OPERATING DISTRIBUTION

Provenance

Return type
form_990
Tax year
2023
Filed
13 August 2024
IRS schema version
2023v5.1
Source object
202442279349302369

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