Form 990 for tax year 2022
Filed by THE AMERICAN CHESTNUT FOUNDATION.
Totals
- Total revenue
- $3,707,009
- Total expenses
- $3,418,320
- Contributions and grants received
- $3,674,891
- Grants paid
- $480,652
- Program service revenue
- $0
- Investment income
- -$29,622
- Other revenue
- $61,740
- Total assets, end of year
- $9,203,547
- Total liabilities, end of year
- $550,500
- Net assets or fund balances, end of year
- $8,653,047
- Program services expenses (Part IX)
- $2,852,087
- Management and general expenses
- $522,426
- Fundraising expenses
- $43,807
- Program service expenses (Part III)
- $2,852,087
Program services were 83.4% 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
$521,670
-
1e · Government grants (contributions)
$64,235
-
1f · All other contributions, gifts and grants
$3,088,986
-
1g · Noncash contributions included above
$520,869
-
3 · Investment income
total $92,844 · excluded $92,844
-
7a · Gross sales of assets other than inventory
securities $520,869 · other assets $87,044
-
7b · Less cost or other basis and sales expenses
securities $520,869 · other assets $209,510
-
7c · Gain or loss
other assets -$122,466
-
7d · Net gain or loss
total -$122,466 · excluded -$122,466
-
10a · Gross sales of inventory
$40,460
-
10c · Net income from sales of inventory
total $40,460 · excluded $40,460
-
11a · Other revenue: OTHER INCOME
total $21,280 · excluded $21,280
-
11e · Other revenue, total
$21,280
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $477,802 · program services $477,802
-
2 · Grants to domestic individuals
total $2,850 · program services $2,850
-
5 · Compensation of officers, directors and key employees
total $293,495 · program services $214,141 · management and general $69,843 · fundraising $9,511
-
7 · Other salaries and wages
total $1,115,910 · program services $1,082,640 · management and general $16,287 · fundraising $16,983
-
8 · Pension plan contributions
total $29,217 · program services $28,846 · fundraising $371
-
9 · Other employee benefits
total $126,481 · program services $122,734 · management and general $1,427 · fundraising $2,320
-
10 · Payroll taxes
total $113,600 · program services $105,495 · management and general $6,079 · fundraising $2,026
-
11b · Fees: legal
total $55,058 · management and general $55,058
-
11c · Fees: accounting
total $17,469 · management and general $17,469
-
11g · Fees: other
total $149,392 · program services $124,803 · management and general $24,589
-
12 · Advertising and promotion
total $60,205 · program services $53,760 · fundraising $6,445
-
13 · Office expenses
total $169,796 · program services $112,301 · management and general $53,948 · fundraising $3,547
-
16 · Occupancy
total $124,260 · program services $54,217 · management and general $70,043
-
17 · Travel
total $65,523 · program services $28,894 · management and general $36,048 · fundraising $581
-
19 · Conferences, conventions and meetings
total $78,285 · program services $4,666 · management and general $73,597 · fundraising $22
-
22 · Depreciation, depletion and amortization
total $111,830 · program services $107,252 · management and general $3,434 · fundraising $1,144
-
23 · Insurance
total $16,620 · management and general $16,620
-
24a · Other expenses: RESEARCH
total $274,400 · program services $274,400
-
24b · Other expenses: CHAPTER DUES SHARE
total $55,915 · program services $55,915
-
24e · All other expenses
total $80,212 · program services $1,371 · management and general $77,984 · fundraising $857
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,651,192 · end of year $1,946,046
-
3 · Pledges and grants receivable
beginning of year $62,500 · end of year $120,000
-
8 · Inventories for sale or use
beginning of year $4,043 · end of year $4,567
-
9 · Prepaid expenses and deferred charges
beginning of year $28,182 · end of year $5,450
-
10a · Land, buildings and equipment: cost or other basis
$2,836,199
-
10b · Land, buildings and equipment: accumulated depreciation
$980,864
-
10c · Land, buildings and equipment, net
beginning of year $1,761,987 · end of year $1,855,335
-
11 · Investments: publicly traded securities
beginning of year $3,754,708 · end of year $4,911,596
-
14 · Intangible assets
beginning of year $36,355 · end of year $41,786
-
15 · Other assets
beginning of year $4,454 · end of year $318,767
-
17 · Accounts payable and accrued expenses
beginning of year $263,092 · end of year $225,520
-
19 · Deferred revenue
beginning of year $2,075
-
21 · Escrow or custodial account liability
beginning of year $254,686 · end of year $260,881
-
23 · Secured mortgages and notes payable
beginning of year $6,351 · end of year $4,328
-
25 · Other liabilities
end of year $59,771
-
27 · Net assets without donor restrictions
beginning of year $6,903,171 · end of year $7,957,859
-
28 · Net assets with donor restrictions
beginning of year $874,046 · end of year $695,188
Mission and programs · 2022
Mission
TO RETURN THE ICONIC AMERICAN CHESTNUT TO ITS NATIVE RANGE.
Activities or mission (Part I)
RESTORATION OF THE AMERICAN CHESTNUT TREE
-
CONTINUED RESEARCH BY INTEGRATING THREE MAJOR RESEARCH TRACKS INCLUDING: BREEDING, BIO-CONTROL, AND BIOTECHNOLOGY. EACH OF THESE APPROACHES HOLDS KEYS TO THE FUTURE OF THE SPECIES' RECOVERY, AND THE FOUNDATION IS COMMITTED TO SCIENTIFIC COLLABORATION AND ECOLOGICAL RESTORATION OF THE AMERICAN CHESTNUT AT SCALE.
Expenses $2,852,087 · Grants $480,652
As filed on the 2022 return.
Listed in Part VII
-
WILLIAM J CUDE III
CHAIR
- Total calculated
- $0
- Hours/week
- 10
-
REBECCA CARTER
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
BARBARA TORMOEHLEN
SECRETARY/TR
- Total calculated
- $0
- Hours/week
- 5
-
BETTY ALLISON
PROMOTION CH
- Total calculated
- $0
- Hours/week
- 1
-
DR DEBORAH DELMER
SCIENCE & TE
- Total calculated
- $0
- Hours/week
- 1
-
BRUCE LEVINE
CHAPTERS COM
- Total calculated
- $0
- Hours/week
- 1
-
CATHERINE NOVELLI
GOVERNMENT C
- Total calculated
- $0
- Hours/week
- 1
-
DR JOHN SCRIVANI
RESTORATION
- Total calculated
- $0
- Hours/week
- 1
-
DR MANDY CROMWELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
DR DENNIS LIU
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
LEWIS LOBDELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
JIM SEARING
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
ANNA SPROUL-LATIMER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
DR JEANNE ROMERO-SEVERSON
DIRECTOR THR
- Total calculated
- $0
- Hours/week
- 1
-
BRADFORD G STANBACK
DIRECTOR THR
- Total calculated
- $0
- Hours/week
- 1
-
DR HILL CRADDOCK
EX-OFFIC THR
- Total calculated
- $0
- Hours/week
- 1
-
LISA THOMSON
PRESIDENT &
- Total calculated
- $190,221
- From this org
- $170,400
- From related orgs
- $0
- Other
- $19,821
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $170,400
- Bonus
- not reported
- Other
- not reported
- Deferred
- $8,111
- Nontaxable benefits
- $11,710
- Filer's total
- $190,221
-
PAUL WINGENFELD
CFO
- Total calculated
- $103,274
- From this org
- $86,658
- From related orgs
- $0
- Other
- $16,616
- 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 · Independent compensation consultant
- 3 · Form 990 of other organizations
- 3 · Written employment contract
- 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
-
$247,500
RESEARCH
-
VIRGINIA POLYTECHNIC UNIVERSITY
$64,764
RESEARCH
-
$21,462
RESEARCH
-
$21,462
RESEARCH
-
$8,176
RESEARCH
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 7 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202401289349301775
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