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← AUDUBON NATURE INSTITUTE FOUNDATION

Form 990 for tax year 2024

Filed by AUDUBON NATURE INSTITUTE FOUNDATION.

Totals

Total revenue
$3,921,234
Total expenses
$1,848,695
Contributions and grants received
$4,463,232
Grants paid
$1,675,551
Program service revenue
$0
Investment income
-$541,998
Other revenue
$0
Total assets, end of year
$35,441,683
Total liabilities, end of year
$92,947
Net assets or fund balances, end of year
$35,348,736
Program services expenses (Part IX)
$1,675,551
Management and general expenses
$173,144
Fundraising expenses
$0
Program service expenses (Part III)
$1,675,551

Program services were 90.6% 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

    $4,463,232

  • 3 · Investment income

    total $540,457 · excluded $540,457

  • 7a · Gross sales of assets other than inventory

    securities $4,878,971

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

    securities $5,961,426

  • 7c · Gain or loss

    securities -$1,082,455

  • 7d · Net gain or loss

    total -$1,082,455 · excluded -$1,082,455

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,675,551 · program services $1,675,551

  • 11c · Fees: accounting

    total $23,400 · management and general $23,400

  • 11f · Fees: investment management

    total $149,744 · management and general $149,744

Balance sheet

Part X, book values.

  • 3 · Pledges and grants receivable

    beginning of year $416,918 · end of year $4,787,650

  • 11 · Investments: publicly traded securities

    beginning of year $20,471,622 · end of year $22,574,692

  • 12 · Investments: other securities

    beginning of year $8,639,947 · end of year $8,079,341

  • 25 · Other liabilities

    beginning of year $27,054 · end of year $92,947

  • 27 · Net assets without donor restrictions

    beginning of year $770,267 · end of year $344,539

  • 28 · Net assets with donor restrictions

    beginning of year $28,731,166 · end of year $35,004,197

Mission and programs · 2024

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, Audubon Aquarium and Insectarium, Woldenberg Riverfront Park, and Audubon Louisiana Nature Center.

    Expenses $1,675,551 · Grants $1,675,551

As filed on the 2024 return.

Listed in Part VII

  • Boysie Bollinger

    Chairman

    Total calculated
    $0
    Hours/week
    1

  • Charles C Teamer Sr PhD

    Vice Chairman

    Total calculated
    $0
    Hours/week
    1

  • 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

    Part Year 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

  • John P Kotts

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • L Ronald Forman

    President/CEO

    Total calculated
    $2,088,856
    From this org
    $0
    From related orgs
    $1,927,181
    Other
    $161,675
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $665,183 related
    Bonus
    $0 + $611,260 related
    Other
    $0 + $650,738 related
    Deferred
    $0 + $147,206 related
    Nontaxable benefits
    $0 + $14,469 related
    Filer's total
    $0 + $2,088,856 related

  • Laurie Conkerton

    Secretary/Treasurer

    Total calculated
    $246,800
    From this org
    $0
    From related orgs
    $230,714
    Other
    $16,086
    Hours/week
    3 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $230,714 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $4,604 related
    Nontaxable benefits
    $0 + $11,482 related
    Filer's total
    $0 + $246,800 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 2024, Ron Forman received a contribution of $138,581 to his 457f retirement plan from Audubon Nature Institute, Inc. With the approval of the Audubon Nature Institute Board Compensation Committee, Mr. Forman received $627,738 in distributions from the 457 plan which was properly reported on his 2024 W-2. Additionally, Audubon Nature Institute paid a bonus of $611,260 (reported on the 2024 W-2) which was for a full year in base salary for the completion of the five years of his personal services agreement and for fifty years of service. Forty-eight of the years were in a leadership role for the Audubon Park Commission and Audubon Nature Institute and two years with the City of New Orleans assigned to Audubon. The bonus was based on the base salary as of December 31, 2022.

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
2024
Filed
14 November 2025
IRS schema version
2024v5.2
Source object
202543219349304644

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