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Nonprofiteer
← HOLDFAST TR

Form 990 for tax year 2025

Filed by HOLDFAST TR.

Totals

Total revenue
$25,859,101
Total expenses
$37,061,339
Contributions and grants received
$1,655,000
Grants paid
$34,861,000
Program service revenue
$0
Investment income
$24,204,101
Other revenue
$0
Total assets, end of year
$1,430,570,522
Total liabilities, end of year
$243,074
Net assets or fund balances, end of year
$1,430,327,448
Program services expenses (Part IX)
$36,284,285
Management and general expenses
$777,054
Fundraising expenses
$0
Program service expenses (Part III)
$36,284,285

Program services were 97.9% 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

    $1,655,000

  • 3 · Investment income

    total $24,297,439 · excluded $24,297,439

  • 7a · Gross sales of assets other than inventory

    other assets $4,000,000

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

    other assets $4,093,338

  • 7c · Gain or loss

    other assets -$93,338

  • 7d · Net gain or loss

    total -$93,338 · related or exempt -$93,338

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $34,861,000 · program services $34,861,000

  • 5 · Compensation of officers, directors and key employees

    total $1,399,187 · program services $1,220,837 · management and general $178,350

  • 11b · Fees: legal

    total $424,374 · program services $136,875 · management and general $287,499

  • 11c · Fees: accounting

    total $31,290 · management and general $31,290

  • 11g · Fees: other

    total $122,320 · program services $65,573 · management and general $56,747

  • 22 · Depreciation, depletion and amortization

    total $301 · management and general $301

  • 23 · Insurance

    total $34,903 · management and general $34,903

  • 24a · Other expenses: TAXES

    total $187,265 · management and general $187,265

  • 24b · Other expenses: FOREIGN CURRENCY EXCHAN

    total $696 · management and general $696

  • 24c · Other expenses: BANK SERVICE CHARGES

    total $3 · management and general $3

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $104,814 · end of year $4,123,984

  • 2 · Savings and temporary cash investments

    beginning of year $13,741,453 · end of year $27,728,910

  • 4 · Accounts receivable

    beginning of year $23,373,658 · end of year $94,084

  • 9 · Prepaid expenses and deferred charges

    beginning of year $16,882,708 · end of year $9,483,279

  • 12 · Investments: other securities

    beginning of year $1,381,084,403 · end of year $1,381,084,403

  • 13 · Investments: program-related

    beginning of year $8,304,804 · end of year $8,055,862

  • 17 · Accounts payable and accrued expenses

    beginning of year $716,787 · end of year $43,074

  • 18 · Grants payable

    beginning of year $1,000,000 · end of year $200,000

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $1,441,775,053 · end of year $1,430,327,448

Mission and programs · 2025

Mission

FIGHTING THE ENVIRONMENTAL CRISIS BY RAISING AWARENESS OF THE CURRENT ENVIRONMENTAL CRISIS; PROTECTING BIODIVERSITY AND CLIMATE RESILIENCE THROUGH LAND PRESERVATION AND RESTORATION; DEFENDING AND SUPPORTING DEMOCRACY AND ENVIRONMENTAL ACTIVISM; LOBBYING AND OTHER ADVOCACY IN SUPPORT OF THESE ISSUES; AND MAKING GRANTS TO OTHER NONPROFIT ORGANIZATIONS.

Activities or mission (Part I)

PROVIDES GRANTS TO ORGANIZATIONS ENGAGED IN PROTECTING THE ENVIRONMENT AND ENGAGES IN DIRECT CONSERVATION EFFORTS TO PROTECT THE ENVIRONMENT THROUGH THE ACQUISITION OF LAND OR OTHER PROPERTY OR CONTRACTUAL RIGHTS

  • FIGHTING THE ENVIRONMENTAL CRISIS BY RAISING AWARENESS OF THE CURRENT ENVIRONMENTAL CRISIS; PROTECTING BIODIVERSITY AND CLIMATE RESILIENCE THROUGH LAND PRESERVATION AND RESTORATION; DEFENDING AND SUPPORTING DEMOCRACY AND ENVIRONMENTAL ACTIVISM; LOBBYING AND OTHER ADVOCACY IN SUPPORT OF THESE ISSUES; AND MAKING GRANTS TO OTHER NONPROFIT ORGANIZATIONS.

    Expenses $36,284,285 · Grants $34,861,000

As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Four Seas LLC Dba Holdfast Collective

    INSTITUTIONAL TRUSTEE

    Total calculated
    $1,399,187
    From this org
    $1,399,187
    From related orgs
    $0
    Other
    $0
    Hours/week
    64 + 1 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.

Grants on this return

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.

  • HT CONSERVATION HOLDINGS LLC

    LAND HOLDING COMPANY · DE · income $0 · assets $8,138,341

    Directly controlled by HOLDFAST TRUST

  • VENTURA RIVER PARKWAY DEVELOPMENT LLC

    PROPERTY HOLDINGS · DE · income $0 · assets $4,017,996

    Directly controlled by HOLDFAST TRUST

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • PATAGONIA WORKS - SEE PART VII EXPLANATION

    C · HOLDING COMPANY · CA · 77.7% owned · controlled entity

  • TP LOG SALVAGE LTD

    C · LAND HOLDING COMPANY · CA · 100% owned · share of assets $2,058,304 · controlled entity

    Directly controlled by HOLDFAST TRUST

Provenance

Return type
form_990
Tax year
2025
Filed
3 September 2026
IRS schema version
2025v4.2
Source object
202632549349301448

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