Skip to content
Nonprofiteer
← THE CONSERVATION FUND A NONPROFIT CORPORATION

Form 990 for tax year 2022

Filed by THE CONSERVATION FUND A NONPROFIT CORPORATION.

Totals

Total revenue
$302,251,881
Total expenses
$304,598,275
Contributions and grants received
$73,198,695
Grants paid
$36,361,367
Program service revenue
$232,848,848
Investment income
-$4,125,270
Other revenue
$329,608
Total assets, end of year
$858,023,270
Total liabilities, end of year
$414,604,651
Net assets or fund balances, end of year
$443,418,619
Program services expenses (Part IX)
$294,609,145
Management and general expenses
$6,057,877
Fundraising expenses
$3,931,253
Program service expenses (Part III)
$294,609,145

Program services were 96.7% 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.

  • 1a · Federated campaigns

    $90,385

  • 1e · Government grants (contributions)

    $9,541,052

  • 1f · All other contributions, gifts and grants

    $63,567,258

  • 1g · Noncash contributions included above

    $10,964,368

  • 2a · Program service revenue: CONS. LAND SALES

    total $196,058,112 · related or exempt $196,058,112

  • 2b · Program service revenue: MITIGATION REVENUE

    total $19,090,211 · related or exempt $19,090,211

  • 2c · Program service revenue: RESOURCES SALES

    total $7,694,234 · related or exempt $7,694,234

  • 2d · Program service revenue: CONTRACT FEES

    total $5,203,840 · related or exempt $5,203,840

  • 2e · Program service revenue: CONS. LOAN INCOME

    total $848,360 · related or exempt $848,360

  • 2f · All other program service revenue

    total $3,954,091 · related or exempt $3,954,091

  • 3 · Investment income

    total $660,418 · excluded $660,418

  • 5 · Royalties

    total $329,608 · excluded $329,608

  • 7a · Gross sales of assets other than inventory

    securities $1,675,507 · other assets $9,846

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

    securities $6,471,041 · other assets $0

  • 7c · Gain or loss

    securities -$4,795,534 · other assets $9,846

  • 7d · Net gain or loss

    total -$4,785,688 · excluded -$4,785,688

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $36,361,367 · program services $36,361,367

  • 5 · Compensation of officers, directors and key employees

    total $4,093,736 · program services $2,612,168 · management and general $1,110,808 · fundraising $370,760

  • 7 · Other salaries and wages

    total $20,775,289 · program services $16,886,990 · management and general $2,231,838 · fundraising $1,656,461

  • 8 · Pension plan contributions

    total $1,376,417 · program services $1,121,275 · management and general $142,089 · fundraising $113,053

  • 9 · Other employee benefits

    total $1,061,007 · program services $444,362 · management and general $306,529 · fundraising $310,116

  • 10 · Payroll taxes

    total $1,333,412 · program services $1,096,764 · management and general $130,203 · fundraising $106,445

  • 11a · Fees: management

    total $218,281 · program services $218,281

  • 11b · Fees: legal

    total $569,792 · program services $461,080 · management and general $101,325 · fundraising $7,387

  • 11c · Fees: accounting

    total $76,730 · program services $4,684 · management and general $71,565 · fundraising $481

  • 11d · Fees: lobbying

    total $100,971 · program services $87,054 · management and general $8,404 · fundraising $5,513

  • 11e · Fees: professional fundraising services

    total $62,760 · fundraising $62,760

  • 11f · Fees: investment management

    total $25,664 · program services $20,931 · management and general $2,858 · fundraising $1,875

  • 11g · Fees: other

    total $8,086,861 · program services $6,964,036 · management and general $699,489 · fundraising $423,336

  • 12 · Advertising and promotion

    total $135,622 · program services $3,533 · management and general $553 · fundraising $131,536

  • 13 · Office expenses

    total $1,335,286 · program services $1,048,848 · management and general $147,885 · fundraising $138,553

  • 14 · Information technology

    total $782,778 · program services $459,823 · management and general $198,116 · fundraising $124,839

  • 16 · Occupancy

    total $6,562,901 · program services $6,249,469 · management and general $180,252 · fundraising $133,180

  • 17 · Travel

    total $959,900 · program services $754,210 · management and general $120,087 · fundraising $85,603

  • 19 · Conferences, conventions and meetings

    total $751,888 · program services $598,290 · management and general $90,996 · fundraising $62,602

  • 20 · Interest

    total $9,695,558 · program services $9,695,558

  • 22 · Depreciation, depletion and amortization

    total $249,598 · program services $203,640 · management and general $27,752 · fundraising $18,206

  • 23 · Insurance

    total $896,760 · program services $719,430 · management and general $107,081 · fundraising $70,249

  • 24a · Other expenses: BV CONS. LAND

    total $193,779,168 · program services $193,779,168

  • 24b · Other expenses: ACQ & HOLDING

    total $4,376,735 · program services $4,280,989 · management and general $57,816 · fundraising $37,930

  • 24c · Other expenses: PROVISION FOR EASEMENT

    total $3,821,750 · program services $3,821,750

  • 24d · Other expenses: MITIGATION STEWARD

    total $1,985,000 · program services $1,985,000

  • 24e · All other expenses

    total $5,123,044 · program services $4,730,445 · management and general $322,231 · fundraising $70,368

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $150,387,597 · end of year $162,507,985

  • 3 · Pledges and grants receivable

    beginning of year $5,030,012 · end of year $3,577,054

  • 4 · Accounts receivable

    beginning of year $6,547,747 · end of year $4,051,275

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,622,016 · end of year $5,076,711

  • 10a · Land, buildings and equipment: cost or other basis

    $4,945,481

  • 10b · Land, buildings and equipment: accumulated depreciation

    $3,056,857

  • 10c · Land, buildings and equipment, net

    beginning of year $2,162,743 · end of year $1,888,624

  • 11 · Investments: publicly traded securities

    beginning of year $30,656,621 · end of year $26,065,927

  • 13 · Investments: program-related

    beginning of year $23,580,097 · end of year $23,556,867

  • 15 · Other assets

    beginning of year $664,996,833 · end of year $631,298,827

  • 17 · Accounts payable and accrued expenses

    beginning of year $10,343,376 · end of year $8,454,656

  • 19 · Deferred revenue

    beginning of year $108,955,544 · end of year $94,314,515

  • 24 · Unsecured notes and loans payable

    beginning of year $290,071,232 · end of year $286,282,796

  • 25 · Other liabilities

    beginning of year $39,564,090 · end of year $25,552,684

  • 27 · Net assets without donor restrictions

    beginning of year $192,525,008 · end of year $210,747,930

  • 28 · Net assets with donor restrictions

    beginning of year $247,524,416 · end of year $232,670,689

Mission and programs · 2022

Mission

THE CONSERVATION FUND IS IN THE BUSINESS OF CONSERVATION, CREATING INNOVATIVE SOLUTIONS THAT DRIVE NATURE-BASED ACTION FOR CLIMATE PROTECTION, SUSTAINABLE ECONOMIES AND VIBRANT COMMUNITIES.

  • CONSERVATION REAL ESTATE:TOP-RANKED FOR EFFICIENCY AND MISSION EFFECTIVENESS, THE CONSERVATION FUND IS FOCUSED ON TACKLING TODAY'S CONSERVATION CHALLENGES WHILE ALSO PROVIDING ECONOMIC BENEFITS TO PEOPLE AND COMMUNITIES. AT THE CORE OF THIS ACTIVITY IS THE FUND'S ABILITY TO PURCHASE PRIORITY NATURAL LANDS; ESSENTIAL CULTURAL AND HISTORIC SITES; AND WORKING LANDSCAPES LIKE FORESTS, FARMS, AND RANCHES TO PROVIDE TIME FOR PERMANENT CONSERVATION TO BE ACHIEVED. SINCE ITS FOUNDING IN 1985, THE FUND HAS CONSERVED MORE THAN 8.8 MILLION ACRES ACROSS ALL 50 STATES WITH A TOTAL APPRAISED VALUE UPWARDS OF $7.9 BILLION, IN OVER 3,700 SEPARATE TRANSACTIONS. THE FUND'S CORE REAL ESTATE ACTIVITY INVOLVES THE ACQUISITION OF LAND AND INTERESTS IN LAND ON BEHALF OF GOVERNMENT AGENCIES AT THE FEDERAL, STATE AND LOCAL LEVELS AS WELL AS PRIVATE AND OTHER CONSERVATION-MINDED NGO PARTNERS. WHEN A HIGH-CONSERVATION-VALUE PROPERTY GOES UP FOR SALE, THERE IS REAL RISK THAT FUNDING WILL NOT BE AVAILABLE TO MEET THE TIMING NEEDS OF THE SELLER. THE FUND PURCHASES PROPERTIES DEEMED A PRIORITY BY ITS PARTNERS AND HOLDS THOSE PROPERTIES FOR INTERIM PERIODS, PROVIDING THE TIME NEEDED TO SECURE FUNDING FOR ITS PARTNERS TO ACQUIRE, STEWARD AND PERMANENTLY MANAGE THE LANDS (IN WHOLE OR IN PART). THE FUND USES CAPITAL FROM A VARIETY OF SOURCES TO ACCOMPLISH ITS LAND CONSERVATION OBJECTIVES. THE CAPITAL USED FOR REAL ESTATE ACQUISITIONS LARGELY CONSISTS OF FUNDS FROM ITS "REVOLVING FUND," WHICH IS MADE UP OF CHARITABLE GIFTS, PROCEEDS FROM THE SALE OF DONATED SURPLUS LANDS THAT THE FUND HAS SOLD FOR CASH, AND ACCUMULATED GAINS ON AND CAPITAL RETURNED FROM PAST REAL ESTATE TRANSACTIONS. SOURCES OF FUNDING FOR DISPOSITIONS TO PARTNERS INCLUDE FEDERAL, STATE AND LOCAL GOVERNMENT FUNDING PROGRAMS AND PHILANTHROPIC FUNDS FROM FOUNDATIONS, CORPORATIONS, AND PRIVATE INDIVIDUALS. ONCE A PROPERTY HAS BEEN TRANSFERRED TO THE LONG-TERM HOLDER AND THE FUND RECOUPS ITS INVESTMENT, CAPITAL IS RETURNED TO THE REVOLVING FUND FOR USE IN OTHER REAL ESTATE TRANSACTIONS, THUS "REVOLVING" THESE FUNDS.AS AN EXPERT IN CONSERVATION REAL ESTATE, THE FUND ALSO PROVIDES NEGOTIATION EXPERTISE AND TRANSACTIONAL SUPPORT TO GOVERNMENT AGENCIES AND TO OTHER CONSERVATION ORGANIZATIONS TO DIRECTLY ACQUIRE CONSERVATION LAND, AS WELL AS BRIDGE FINANCING AND TECHNICAL ASSISTANCE TO LAND TRUSTS AND OTHER ORGANIZATIONS TO PROTECT CRITICAL NATURAL RESOURCES IN THEIR COMMUNITIES. THESE "CONSERVATION LOANS" ADDRESS AN UNMET NEED FOR BRIDGE FINANCING AND HELP THE FUND'S PARTNERS EXPAND CONSERVATION IMPACT NATIONWIDE. AS OF DECEMBER 31, 2022, THE FUND'S CONSERVATION LOANS HAVE HELPED CONSERVE 162,109 ACRES THROUGH 408 LOANS IN 41 STATES. THE FUND'S PORTFOLIO OF LOANS MADE BY THIS BUSINESS UNIT HAD A PRINCIPAL VALUE OF $8 MILLION AS OF DECEMBER 31, 2022.MITIGATION SOLUTIONS. IN PARTNERSHIP WITH DEVELOPERS AND REGULATORY AGENCIES, THE FUND COMPLETES CONSERVATION ACQUISITIONS AND OTHER PROJECTS TO OFFSET THE IMPACTS ON NATURAL, CULTURAL, AND HISTORIC RESOURCES FROM CONSTRUCTION AND OPERATION OF ENERGY AND INFRASTRUCTURE PROJECTS AND PROVIDES ADVICE ON MITIGATION STRATEGIES BEFORE AND DURING INFRASTRUCTURE PROJECT DEVELOPMENT. THE FUND DOES NOT ADVOCATE ON BEHALF OF INFRASTRUCTURE PROJECTS BUT SERVES AS A BRIDGE BETWEEN PROJECT DEVELOPERS AND REGULATORY AGENCIES TO HELP DEVELOP AND THEN IMPLEMENT MITIGATION PLANS. THE FUND'S MITIGATION ACTIVITIES PROVIDE PRIVATE CAPITAL TO ENABLE ITS CONSERVATION PARTNERS TO ACHIEVE THEIR PRIORITIES. SINCE THE FUND BEGAN PROVIDING MITIGATION SERVICES IN 1998, MORE THAN $300 MILLION HAS BEEN TRANSFERRED TO THE FUND TO ACQUIRE LAND AND INTERESTS IN LAND, TO COMPLETE RESTORATION, AND/OR TO TAKE OTHER ACTIONS TO MITIGATE FOR IMPACTS TO RESOURCES. AS OF DECEMBER 31, 2022, THE FUND HAS DEPLOYED MORE THAN TWO-THIRDS OF THIS AMOUNT INTO MORE THAN 350 PROJECTS ACROSS THE COUNTRY, CONSERVING OR RESTORING APPROXIMATELY 375,000 ACRES. WORKING FORESTS. THE FUND BELIEVES THE LOSS OF WORKING FORESTS IS THE SINGLE GREATEST LAND CONSERVATION CHALLENGE IN THE U.S. TODAY AND A CRITICAL ASPECT OF THE COUNTRY'S ABILITY TO MITIGATE CLIMATE CHANGE AND SUPPORT AT-RISK RURAL ECONOMIES. THE WORKING FOREST FUND PROGRAM IS COMMITTED TO CONSERVING THE LAST OF THE LARGE INTACT FORESTS IN THE U.S. SO THEY REMAIN SUSTAINABLY MANAGED FORESTS, PROVIDING GOOD LOCAL JOBS, AS WELL AS CLEAN WATER, CLEAN AIR, HABITAT FOR WILDLIFE AND OUTDOOR RECREATION, AND CRITICAL CARBON SEQUESTRATION CAPACITY TO HELP ADDRESS CLIMATE CHANGE. BY 2060, THE U.S. COULD LOSE UP TO 37 MILLION ACRES OF PRIVATELY HELD FORESTS TO FRAGMENTATION OR CONVERSION TO NON-FOREST USES. TO MEET PROFIT MAXIMIZATION MANDATES WITHIN 10- TO 15-YEAR FUND LIFECYCLES, THE INVESTOR OWNERS OF TIMBER PROPERTIES FREQUENTLY OVER-HARVEST, BREAK UP LARGE FOREST PARCELS, AND CONVERT FORESTS TO DEVELOPMENT. THE WORKING FOREST FUND SEEKS TO DISRUPT THIS PATHWAY OF FOREST LOSS WHILE PRESERVING THE PRODUCTIVE VALUE OF THESE WORKING ASSETS AND SECURING THE MULTIPLE SOCIETAL BENEFITS WORKING FORESTS GENERATE. THE WORKING FOREST FUND HAS DEVELOPED A SUCCESSFUL MODEL TO ACQUIRE, SUSTAINABLY MANAGE, AND PERMANENTLY PROTECT HIGH CONSERVATION VALUE TIMBERLAND. LIKE THE FUND'S OTHER REAL ESTATE ACTIVITIES, THE WORKING FOREST FUND SEEKS TO BE AN INTERIM OWNER OF THESE FOREST ASSETS TO FACILITATE PERMANENT PROTECTION THROUGH THE IMPLEMENTATION AND SALE OF CONSERVATION EASEMENTS AND DIRECT SALES OF THE PROPERTIES TO PUBLIC AGENCIES OR OTHER CONSERVATION BUYERS. THE WORKING FOREST FUND'S FOCUS IS ON LARGE FORESTS WITH THE HIGHEST CONSERVATION VALUE AND OFTEN THE HIGHEST RISK OF FRAGMENTATION WHEN SOLD ON THE OPEN MARKET. AS OF DECEMBER 31, 2022, THE FUND HAS DEPLOYED ALMOST $700 MILLION INTO 38 PROJECTS, ACQUIRING APPROXIMATELY 957,000 ACRES OF CRITICAL FORESTS IN THE U.S. AND STORING 233 MILLION METRIC TONS OF CARBON DIOXIDE EQUIVALENT (MTCO2E). APPROXIMATELY 602,000 ACRES HAVE BEEN TRANSFERRED INTO PERMANENT CONSERVATION AS OF DECEMBER 31, 2022. THE REMAINING ACRES ARE BEING SUSTAINABLY MANAGED BY THE FUND OR ITS PARTNERS AND ARE AWAITING PERMANENT PROTECTION THROUGH CONSERVATION EASEMENTS OR TRANSFERS TO PUBLIC AGENCIES OR OTHER CONSERVATION PARTNERS.WORKING FARMS. LAUNCHED IN 2021 AND ANCHORED IN THE RURAL COMMUNITIES THAT SURROUND METRO-ATLANTA, THE WORKING FARMS FUND EXPANDED IN 2022 TO INCLUDE PROJECTS IN THE METRO-CHICAGO AREA. THIS INNOVATIVE AND GROWING PROGRAM IS WORKING TO REBUILD THE LOCAL FOOD SYSTEM AND CREATING SUSTAINABLE FARM BUSINESSES FOR A DIVERSE GENERATION OF YOUNG FARMERS. AS OF DECEMBER 31, 2022, THE PROGRAM DEPLOYED $5,521,000 TO SECURE LAND FOR NINE FARM BUSINESSES AND WILL HELP PERMANENTLY PROTECT 596 ACRES OF FARMLAND AT RISK OF DEVELOPMENT.

    Expenses $278,518,389 · Grants $29,939,531 · Revenue $220,980,667

  • OTHER CONSERVATION SERVICES:CONSERVATION SERVICES COMPRISES A GROUP OF PROGRAMS DEDICATED TO ADVANCING THE DUAL MISSION OF THE FUND BY INTEGRATING CONSERVATION AND ECONOMIC DEVELOPMENT TO BUILD VIBRANT COMMUNITIES. THESE GRANT-FUNDED AND FEE-FOR-SERVICE PROGRAMS FOCUS ON IMPACT AREAS SUCH AS SUSTAINABLE FOOD SYSTEMS, LAND ACCESS FOR DISADVANTAGED POPULATIONS, URBAN CONSERVATION, RURAL ECONOMIC DEVELOPMENT, WATER QUALITY/SUPPLY PROTECTION AND ENHANCEMENT, AQUACULTURE, AND CLIMATE CHANGE ADAPTATION. THESE PROGRAMS INCLUDE: FRESHWATER INSTITUTE. THE FRESHWATER INSTITUTE IS AN APPLIED RESEARCH FACILITY DEDICATED TO SUSTAINABLE WATER USE AND REUSE THROUGH THE DESIGN OF RECIRCULATING AQUACULTURE SYSTEMS. THIS PROGRAM WORKS WITH GOVERNMENT, INDUSTRY AND NONPROFITS TO DEMONSTRATE THE OPPORTUNITIES FOR A SUSTAINABLE DOMESTIC SEAFOOD SUPPLY BY PROVIDING SOLUTIONS TO ENABLE THE GROWTH OF ENVIRONMENTALLY RESPONSIBLE AQUACULTURE. THE INSTITUTE'S CORE COMPETENCIES IN AQUACULTURE RESEARCH, ENGINEERING AND CONSULTING, AQUATIC VETERINARY MEDICINE, AQUACULTURE HUSBANDRY AND PRODUCTION, INDUSTRY OUTREACH, AND WATER CHEMISTRY ANALYSIS ARE MOBILIZED TO SUSTAINABLY PRODUCE SALMON AND OTHER COLD-WATER SPECIES. RESOURCEFUL COMMUNITIES. RESOURCEFUL COMMUNITIES WORKS WITH GRASSROOTS AND COMMUNITY ORGANIZATIONS IN RURAL, ECONOMICALLY, AND SOCIALLY DISTRESSED COMMUNITIES TO CREATE OPPORTUNITIES TO PRESERVE RURAL LANDSCAPES, STRENGTHEN LOCAL ECONOMIES, AND CELEBRATE COMMUNITIES' UNIQUE CULTURES. THE PROGRAM PROVIDES AN EFFECTIVE COMBINATION OF DIRECT TECHNICAL ASSISTANCE, SKILLS BUILDING, AND NETWORK-BUILDING THAT SUPPORTS COMMUNITY OUTCOMES SUCH AS FOOD SECURITY, NATURE-BASED TOURISM DEVELOPMENT, YOUTH CONSERVATION PROGRAMS, AND CULTURAL HERITAGE PRESERVATION. STRATEGIC CONSERVATION PLANNING. STRATEGIC CONSERVATION PLANNING PROVIDES EXPERTISE TO COMMUNITIES ACROSS THE COUNTRY TO ACHIEVE THE MULTIPLE BENEFITS FROM INVESTING IN CLEAN AIR, CLEAN WATER, HABITAT, CLIMATE RESILIENCE AND ADAPTATION, AND COMMUNITY LIVABILITY. IN URBAN AREAS, THE PARKS WITH PURPOSE PROGRAM AND INTEGRATED WATER MANAGEMENT SOLUTIONS ENHANCE URBAN SUSTAINABILITY IN ECONOMICALLY DISADVANTAGED AREAS USING A MULTIPLE BENEFIT APPROACH. IN RURAL AREAS, EXPERTS FOCUS ON WATER AND CLIMATE RESILIENCY DEMONSTRATION PROJECTS AND TECHNICAL ASSISTANCE PROGRAMS THAT BALANCE NATURE AND COMMERCE.

    Expenses $16,090,756 · Grants $6,421,836 · Revenue $11,868,181

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jay Winthrop

    CHAIR (THRU 07/2022)

    Total calculated
    $0
    Hours/week
    2

  • Daniel Tishman

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Jay F Wagley

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Paul E Hagen

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Julie G Barker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Gregory A Beard

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • David P Bozeman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Ingrid C Burke

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Todd C Carter

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • J Storey Charbonnet

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Charles A Cherington

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Kimberlee R Cornett

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Luis A De La Garza

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Jennifer L Hernandez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • G Wilson Hughes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Jill L Long Thompson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Thruston B Morton III

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Kevyn D Orr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • C Porter Schutt III

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • James Whitehurst

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Lawrence A Selzer

    CEO & PRESIDENT

    Total calculated
    $760,399
    From this org
    $667,710
    From related orgs
    $0
    Other
    $92,689
    Hours/week
    36.5 + 1 related

    Schedule J breakdown matched by us

    Base
    $456,606
    Bonus
    $209,520
    Other
    $1,584
    Deferred
    $55,500
    Nontaxable benefits
    $37,189
    Filer's total
    $760,399

  • John S Gilbert

    EVP & CFO

    Total calculated
    $466,083
    From this org
    $416,576
    From related orgs
    $0
    Other
    $49,507
    Hours/week
    31.5 + 6 related

    Schedule J breakdown matched by us

    Base
    $289,544
    Bonus
    $126,000
    Other
    $1,032
    Deferred
    $29,581
    Nontaxable benefits
    $19,926
    Filer's total
    $466,083

  • Monica A Garrison

    VP & TREASURER

    Total calculated
    $307,634
    From this org
    $257,536
    From related orgs
    $0
    Other
    $50,098
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $204,504
    Bonus
    $52,000
    Other
    $1,032
    Deferred
    $21,617
    Nontaxable benefits
    $28,481
    Filer's total
    $307,634

  • Margaret A McCants

    BOARD SEC & CON ACQ DIRECTOR

    Total calculated
    $177,117
    From this org
    $151,634
    From related orgs
    $0
    Other
    $25,483
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $127,274
    Bonus
    $24,000
    Other
    $360
    Deferred
    $12,927
    Nontaxable benefits
    $12,556
    Filer's total
    $177,117

  • Dean H Cannon

    EVP & GENERAL COUNSEL

    Total calculated
    $467,011
    From this org
    $434,829
    From related orgs
    $0
    Other
    $32,182
    Hours/week
    36.5 + 1 related

    Schedule J breakdown matched by us

    Base
    $295,781
    Bonus
    $136,000
    Other
    $3,048
    Deferred
    $29,698
    Nontaxable benefits
    $2,484
    Filer's total
    $467,011

  • Matthew S Sexton

    SVP CONSERVATION ACQUISITIONS

    Total calculated
    $340,069
    From this org
    $294,900
    From related orgs
    $0
    Other
    $45,169
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $233,348
    Bonus
    $61,000
    Other
    $552
    Deferred
    $24,078
    Nontaxable benefits
    $21,091
    Filer's total
    $340,069

  • Blaine T Phillips Jr

    SVP CONSERVATION ACQUISITIONS

    Total calculated
    $347,558
    From this org
    $289,443
    From related orgs
    $0
    Other
    $58,115
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $227,411
    Bonus
    $61,000
    Other
    $1,032
    Deferred
    $24,003
    Nontaxable benefits
    $34,112
    Filer's total
    $347,558

  • Mark W Elsbree

    SVP CONSERVATION ACQUISITIONS

    Total calculated
    $350,182
    From this org
    $293,938
    From related orgs
    $0
    Other
    $56,244
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $226,906
    Bonus
    $66,000
    Other
    $1,032
    Deferred
    $24,003
    Nontaxable benefits
    $32,241
    Filer's total
    $350,182

  • Evan H Smith

    SVP CONSERVATION VENTURES

    Total calculated
    $320,184
    From this org
    $284,239
    From related orgs
    $0
    Other
    $35,945
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $225,879
    Bonus
    $58,000
    Other
    $360
    Deferred
    $22,802
    Nontaxable benefits
    $13,143
    Filer's total
    $320,184

  • Christopher D Bell

    DEPUTY GENERAL COUNSEL & ASST SEC

    Total calculated
    $271,402
    From this org
    $248,565
    From related orgs
    $0
    Other
    $22,837
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $215,533
    Bonus
    $32,000
    Other
    $1,032
    Deferred
    $21,553
    Nontaxable benefits
    $1,284
    Filer's total
    $271,402

  • Erik J Meyers

    VP CLIMATE AND WATER SUSTAINABILITY

    Total calculated
    $288,242
    From this org
    $254,652
    From related orgs
    $0
    Other
    $33,590
    Hours/week
    36.5 + 1 related

    Schedule J breakdown matched by us

    Base
    $213,108
    Bonus
    $36,600
    Other
    $4,944
    Deferred
    $21,473
    Nontaxable benefits
    $12,117
    Filer's total
    $288,242

  • Elizabeth Palmer

    VP OF HUMAN RESOURCES

    Total calculated
    $292,916
    From this org
    $253,638
    From related orgs
    $0
    Other
    $39,278
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $213,086
    Bonus
    $40,000
    Other
    $552
    Deferred
    $21,851
    Nontaxable benefits
    $17,427
    Filer's total
    $292,916

  • Kelly M Reed

    SVP GOVERNMENT RELATIONS

    Total calculated
    $303,531
    From this org
    $267,974
    From related orgs
    $0
    Other
    $35,557
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $210,614
    Bonus
    $57,000
    Other
    $360
    Deferred
    $21,598
    Nontaxable benefits
    $13,959
    Filer's total
    $303,531

  • Brian J Dangler

    SVP & DIRECTOR OF WORKING FOREST FND

    Total calculated
    $314,696
    From this org
    $261,554
    From related orgs
    $0
    Other
    $53,142
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $204,522
    Bonus
    $56,000
    Other
    $1,032
    Deferred
    $21,674
    Nontaxable benefits
    $31,468
    Filer's total
    $314,696

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 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 4B
THE FUND MAINTAINS A NONQUALIFIED SUPPLEMENTAL RETIREMENT PLAN THAT CALLS FOR ACCRUING $25,000 PER YEAR FOR THE CEO OF THE ORGANIZATION. THE ANNUAL COST OF $25,000 IS RECOGNIZED IN THE ORGANIZATION'S FINANCIAL RECORDS EACH YEAR, BUT PURSUANT TO IRS RULES THE CONTRIBUTIONS ARE NOT COUNTED AS TAXABLE INCOME UNTIL THEY ARE DISTRIBUTED TO THE CEO. UNDER THE PLAN, ACCRUED AMOUNTS ARE TO BE DISTRIBUTED TO THE CEO IN SPECIFIED INTERVALS WHEN THE CEO REACHES CERTAIN AGES IF HE IS STILL EMPLOYED BY THE ORGANIZATION, OR UPON HIS DEATH OR PERMANENT DISABILITY, AND ARE FORFEITED IF THERE IS A TERMINATION OF EMPLOYMENT PRIOR TO A DISTRIBUTABLE EVENT. THE NEXT DISTRIBUTION IS EXPECTED IN THE YEAR ENDING 12/31/25.
PART I, LINE 7
ALL FUND EMPLOYEES, INCLUDING OFFICERS AND OTHER KEY EMPLOYEES, ARE ELIGIBLE FOR DISCRETIONARY BONUSES THAT ARE PAID ANNUALLY, USUALLY IN THE FIRST QUARTER OF THE FOLLOWING YEAR. BONUS AMOUNTS ARE BASED ON INDIVIDUAL PERFORMANCE AND THE OVERALL PERFORMANCE OF THE ORGANIZATION. THE AGGREGATE BONUS AMOUNT FOR OFFICERS IS REVIEWED BY THE GOVERNANCE COMMITTEE OF THE BOARD OF DIRECTORS AND THE OVERALL COMPENSATION OF THE CEO, INCLUDING THE BONUS AMOUNT, IS ESTABLISHED BY THE GOVERNANCE COMMITTEE EACH YEAR.

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

  • BRISTOL BAY HERITAGE LAND TRUST

    $18,800,000

    CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT

  • CITY OF ATLANTA DEPARTMENT OF PARKS AND RECREATION

    $4,000,000

    CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT

  • PRESERVATION VIRGINIA

    $2,330,342

    CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT

  • NATIONAL PARK SERVICE

    $1,710,189

    CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT

  • STATE OF MARYLAND DEPARTMENT OF NATURAL RESOURCES

    $1,206,283

    CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT

  • GREAT RIVERS LAND PRESERVATION ASSOCIATION INC

    $1,184,941

    CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT

  • THE NATURE CONSERVANCY

    $689,701

    CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT

  • VIRGINIA OUTDOOR FOUNDATIONS

    $646,263

    CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT

  • FOREST SOCIETY OF MAINE

    $600,000

    CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT

  • COMMUNITY FOUNDATION OF NORTH CENTRAL WISCONSIN INC

    $500,000

    CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT

The 10 largest by cash amount. The API serves every itemized grant.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • BLY HOLLOW LLC

    CONSERVATION REAL ESTATE OWNERSHIP · DE · income $1,992,466 · assets $16,161,127

    Directly controlled by THE CONSERVATION FUND

  • BRANDYWINE BEAVER VALLEY LLC

    CONSERVATION REAL ESTATE OWNERSHIP · DE · income $0 · assets $0

    Directly controlled by THE CONSERVATION FUND

  • CHADBOURNE FOREST LLC

    CONSERVATION REAL ESTATE OWNERSHIP · DE · income $0 · assets $0

    Directly controlled by THE CONSERVATION FUND

  • CLARION JUNCTION LLC

    CONSERVATION REAL ESTATE OWNERSHIP · DE · income $630,918 · assets $98,192,307

    Directly controlled by THE CONSERVATION FUND

  • GOTHAM WOODS LLC

    CONSERVATION REAL ESTATE OWNERSHIP · DE · income $0 · assets $15,438,502

    Directly controlled by THE CONSERVATION FUND

  • LUPINE COLUMBIA HOLDINGS LLC

    CONSERVATION REAL ESTATE OWNERSHIP · DE · income $0 · assets $0

    Directly controlled by THE CONSERVATION FUND

  • PELICAN RIVER FOREST LLC

    CONSERVATION REAL ESTATE OWNERSHIP · DE · income $5,540,572 · assets $48,857,923

    Directly controlled by THE CONSERVATION FUND

  • SHELTERWOOD HOLDINGS I LLC

    CONSERVATION REAL ESTATE OWNERSHIP · DE · income $10,582,650 · assets $0

    Directly controlled by THE CONSERVATION FUND

  • SHELTERWOOD HOLDINGS II LLC

    CONSERVATION REAL ESTATE OWNERSHIP · DE · income $257,870 · assets $5,130,928

    Directly controlled by THE CONSERVATION FUND

  • TCF SABINE RANCH HUNT CLUB LLC

    OUTDOOR RECREATIONAL OPPORTUNITIES · DE · income $0 · assets $0

    Directly controlled by THE CONSERVATION FUND

  • WAPITI WOODS LLC

    CONSERVATION REAL ESTATE OWNERSHIP · DE · income $164,115 · assets $10,080,449

    Directly controlled by THE CONSERVATION FUND

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • WHITE PINE FOREST LLC

    RELATED · CONSERVATION REAL ESTATE OWNERSHIP · DE · 75% owned · share of income $232,081 · share of assets $17,053,881 · general or managing partner

    Directly controlled by THE CONSERVATION FUND

  • LUPINE FOREST LLC

    RELATED · CONSERVATION REAL ESTATE OWNERSHIP · DE · 20% owned · share of income -$252,070 · share of assets $21,378,901 · general or managing partner

    Directly controlled by THE CONSERVATION FUND

Provenance

Return type
form_990
Tax year
2022
Filed
4 October 2023
IRS schema version
2022v5.0
Source object
202322779349301302

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.