Form 990 for tax year 2025

Filed by YOSEMITE FOUNDATION.

Totals

Total revenue: $24,966,280
Total expenses: $23,742,469
Contributions and grants received: $20,318,474
Grants paid: $9,067,605
Program service revenue: $1,511,280
Investment income: $975,626
Other revenue: $2,160,900
Total assets, end of year: $55,650,873
Total liabilities, end of year: $6,343,011
Net assets or fund balances, end of year: $49,307,862
Program services expenses (Part IX): $16,714,920
Management and general expenses: $1,955,964
Fundraising expenses: $5,071,585
Program service expenses (Part III): $16,714,920

Program services were 70.4% 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.

1e · Government grants (contributions)

$846,931
1f · All other contributions, gifts and grants

$19,471,543
1g · Noncash contributions included above

$660,590
2a · Program service revenue: PROGRAM FEES

total $1,511,280 · related or exempt $1,511,280
3 · Investment income

total $1,103,570 · excluded $1,103,570
5 · Royalties

total $3,492 · excluded $3,492
6a · Gross rents

real property $121,862
6b · Less rental expenses

real property $223,521
6c · Rental income or loss

real property -$101,659
6d · Net rental income or loss

total -$101,659 · excluded -$101,659
7a · Gross sales of assets other than inventory

securities $7,840,171
7b · Less cost or other basis and sales expenses

securities $7,968,115
7c · Gain or loss

securities -$127,944
7d · Net gain or loss

total -$127,944 · excluded -$127,944
10a · Gross sales of inventory

$4,239,103
10b · Cost of goods sold

$2,105,522
10c · Net income from sales of inventory

total $2,133,581 · related or exempt $2,133,581
11a · Other revenue: DONOR APPRECIATION EVE

total $118,118 · excluded $118,118
11b · Other revenue: MISCELLANEOUS REVENUE

total $7,368 · excluded $7,368
11e · Other revenue, total

$125,486

Functional expenses

Part IX, the statement of functional expenses.

1 · Grants to domestic organizations and governments

total $9,067,605 · program services $9,067,605
5 · Compensation of officers, directors and key employees

total $1,090,305 · program services $231,042 · management and general $476,971 · fundraising $382,292
7 · Other salaries and wages

total $5,232,872 · program services $3,405,865 · management and general $451,379 · fundraising $1,375,628
8 · Pension plan contributions

total $352,425 · program services $193,659 · management and general $45,593 · fundraising $113,173
9 · Other employee benefits

total $862,255 · program services $567,266 · management and general $85,896 · fundraising $209,093
10 · Payroll taxes

total $590,960 · program services $379,981 · management and general $70,324 · fundraising $140,655
11c · Fees: accounting

total $67,200 · management and general $67,200
11e · Fees: professional fundraising services

total $197,000 · fundraising $197,000
11f · Fees: investment management

total $109,873 · management and general $109,873
11g · Fees: other

total $726,448 · program services $290,179 · management and general $196,118 · fundraising $240,151
12 · Advertising and promotion

total $1,299,669 · program services $1,185,822 · fundraising $113,847
13 · Office expenses

total $178,227 · program services $133,617 · management and general $23,923 · fundraising $20,687
14 · Information technology

total $252,134 · program services $202,256 · management and general $13,876 · fundraising $36,002
16 · Occupancy

total $288,534 · program services $184,026 · management and general $53,815 · fundraising $50,693
17 · Travel

total $244,504 · program services $85,415 · management and general $119,958 · fundraising $39,131
19 · Conferences, conventions and meetings

total $282,011 · program services $175,298 · management and general $68,336 · fundraising $38,377
22 · Depreciation, depletion and amortization

total $22,573 · program services $7,597 · management and general $14,976
23 · Insurance

total $62,576 · program services $41,542 · management and general $12,714 · fundraising $8,320
24a · Other expenses: PRINTING & POSTAGE

total $2,063,507 · program services $133,493 · management and general $11,858 · fundraising $1,918,156
24b · Other expenses: SOFTWARE

total $318,666 · program services $169,032 · management and general $88,104 · fundraising $61,530
24c · Other expenses: BANK & MERCHANT FEES

total $288,888 · program services $155,874 · management and general $26,185 · fundraising $106,829
24d · Other expenses: OTHER EXPENSES

total $96,311 · program services $75,527 · management and general $15,986 · fundraising $4,798
24e · All other expenses

total $47,926 · program services $29,824 · management and general $2,879 · fundraising $15,223
26 · Joint costs (an allocation of the lines above)

total $3,191,035 · program services $1,394,825 · management and general $14,139 · fundraising $1,782,071

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $13,311,815 · end of year $10,495,619
2 · Savings and temporary cash investments

beginning of year $6,393,043 · end of year $7,933,440
3 · Pledges and grants receivable

beginning of year $2,343,997 · end of year $1,931,083
4 · Accounts receivable

beginning of year $123,940 · end of year $150,901
8 · Inventories for sale or use

beginning of year $849,932 · end of year $964,995
9 · Prepaid expenses and deferred charges

beginning of year $1,009,150 · end of year $630,538
10a · Land, buildings and equipment: cost or other basis

$5,545,562
10b · Land, buildings and equipment: accumulated depreciation

$597,241
10c · Land, buildings and equipment, net

beginning of year $5,021,575 · end of year $4,948,321
11 · Investments: publicly traded securities

beginning of year $19,204,322 · end of year $24,543,911
12 · Investments: other securities

beginning of year $3,473,637 · end of year $3,841,164
15 · Other assets

beginning of year $420,723 · end of year $210,901
17 · Accounts payable and accrued expenses

beginning of year $1,410,157 · end of year $1,369,584
18 · Grants payable

beginning of year $4,322,524 · end of year $4,779,568
25 · Other liabilities

beginning of year $397,158 · end of year $193,859
27 · Net assets without donor restrictions

beginning of year $30,978,693 · end of year $32,597,288
28 · Net assets with donor restrictions

beginning of year $15,043,602 · end of year $16,710,574

Mission and programs · 2025

Mission

YOSEMITE CONSERVANCY INSPIRES PEOPLE TO SUPPORT PROJECTS AND PROGRAMS THAT PRESERVE YOSEMITE AND ENRICH THE VISITOR EXPERIENCE.

Activities or mission (Part I)

PRESERVATION AND RESTORATION OF YOSEMITE NATIONAL PARK

PARK ENHANCEMENTS-EVERY YEAR, THE CONSERVANCY PROVIDES GRANTS TO YOSEMITE NATIONAL PARK BASED ON THE HIGHEST PRIORITY NEEDS OF THE PARK. THESE GRANTS PROVIDE ESSENTIAL FUNDING FOR TRAIL REPAIR, HABITAT RESTORATION, HISTORIC PRESERVATION, WILDLIFE MANAGEMENT, SCIENTIFIC RESEARCH, VISITOR SERVICES, AND MORE.

Expenses $10,130,941 · Grants $9,067,605
PARK PROGRAMS: THE CONSERVANCY SUPPORTS THE PRESERVATION AND EDUCATION RELATED ROLES OF THE NATIONAL PARK SERVICE MISSION THROUGH A VARIED PORTFOLIO OF PUBLIC EDUCATIONAL PROGRAMS. THE CONSERVANCY'S OUTDOOR ADVENTURES ENHANCE THE YOSEMITE EXPERIENCE FOR PARK VISITORS THROUGH DOZENS OF INTERPRETIVE AND EDUCATIONAL DAY HIKES, BACKPACKING TRIPS AND OTHER PROGRAMS IN GEOLOGY, BOTANY, NATURAL AND SOCIAL HISTORY, PHOTOGRAPHY, AND THE ARTS. THE CONSERVANCY ALSO CONDUCTS EDUCATIONAL FIELD PROGRAMS ON A CUSTOM BASIS AND BY CONTRACT WITH TRAVEL PROVIDERS. IN ADDITION, THE CONSERVANCY SUPPORTS ART PROGRAMS AND THE PARSON'S MEMORIAL LODGE SUMMER SERIES. THE CONSERVANCY ALSO HELPS INSPIRE AND TRAIN THE NEXT GENERATION OF STEWARDS BY SUPPORTING INTERNSHIPS, (CONT. ON SCH. O) JUNIOR RANGER ACTIVITIES, AND OTHER YOUTH PROGRAMS IN THE PARK, AND HELPS SUSTAIN YOSEMITE-FOCUSED LEADERSHIP PROGRAMMING AND EDUCATIONAL OUTREACH WITH UNIVERSITY OF CALIFORNIA, MERCED.THE CONSERVANCY'S WILDERNESS OPERATIONS PROGRAM ASSISTS THE NATIONAL PARK SERVICE IN ENSURING THAT YOSEMITE BACKCOUNTRY VISITORS ARE EDUCATED ABOUT AND PREPARED FOR WILDERNESS TRAVEL. CONSERVANCY WILDERNESS STAFF MANAGE THE WILDERNESS RESERVATION SYSTEM, ISSUE PERMITS, SPONSOR THE BEAR-PROOF FOOD CANISTER RENTAL PROGRAM, OPERATE THE OSTRANDER SKI HUT, SELL INTERPRETIVE AND ORIENTATION MATERIALS, AND PROVIDE VISITORS WITH THE OPPORTUNITY FOR AN ENJOYABLE AND RESPECTFUL WILDERNESS EXPERIENCE.THE CONSERVANCY'S VOLUNTEER PROGRAM RECRUITS, TRAINS AND MANAGES VOLUNTEERS WHO SUPPORT YOSEMITE THROUGH NUMEROUS WEEK-LONG NATURAL RESOURCE RESTORATION PROJECTS AND THROUGH A MONTH-LONG "VISITOR INFORMATION ASSISTANT" PROGRAM THAT IMPROVES THE EXPERIENCE OF HUNDREDS OF THOUSANDS OF PARK VISITORS ANNUALLY.

Expenses $4,487,735 · Revenue $1,511,280
RETAIL & PUBLISHING: THIS PROGRAM COMPRISES SALES CONDUCTED AT VISITOR CENTER BOOKSTORES, INFORMATION CENTERS AND WILDERNESS CENTERS, THROUGH AN ONLINE STORE, AND TO WHOLESALE CUSTOMERS. IN ADDITION TO SELLING MAPS, GUIDES, NATIVE AMERICAN HANDCRAFTS, APPAREL AND OTHER ITEMS RELATED TO YOSEMITE AND THE SIERRA NEVADA, THE CONSERVANCY PUBLISHES AND SELLS BOOKS THAT EDUCATE PEOPLE AND INSPIRE THEM TO CONNECT WITH AND CARE FOR NATIONAL PARKS AND PUBLIC LANDS.

Expenses $2,096,244 · Revenue $2,133,581

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

Listed in Part VII

Cassius M CashCASSIUS M CASH

PRESIDENT & CEO

Total calculated

$404,834

From this org

$389,611

From related orgs

$0

Other

$15,223

Hours/week

40

Schedule J breakdown matched by us

Base

$311,919

Bonus

$50,000

Other

$27,692

Deferred

$0

Nontaxable benefits

$15,223

Filer's total

$404,834
Frank DeanFRANK DEAN

PRESIDENT/CEO (THRU 1/2025)

Total calculated

$174,358

From this org

$162,929

From related orgs

$0

Other

$11,429

Hours/week

40

Schedule J breakdown matched by us

Base

$65,814

Bonus

$60,321

Other

$36,794

Deferred

$11,309

Nontaxable benefits

$120

Filer's total

$174,358
Steve CiesinskiSTEVE CIESINSKI

CHAIRMAN

Total calculated

$0

Hours/week

4
Ryan MyersRYAN MYERS

VICE CHAIR

Total calculated

$0

Hours/week

4
Robyn MillerROBYN MILLER

SECRETARY

Total calculated

$0

Hours/week

4
Jewell EngstromJEWELL ENGSTROM

TREASURER

Total calculated

$0

Hours/week

4
Matt AdamsMATT ADAMS

BOARD MEMBER

Total calculated

$0

Hours/week

2
Vicki BakerVICKI BAKER

BOARD MEMBER

Total calculated

$0

Hours/week

2
Jessica Clark ChenJESSICA CLARK CHEN

BOARD MEMBER

Total calculated

$0

Hours/week

2
Carol DiazCAROL DIAZ

BOARD MEMBER

Total calculated

$0

Hours/week

2
Jeff LagerJEFF LAGER

BOARD MEMBER

Total calculated

$0

Hours/week

2
Lawson RankinLAWSON RANKIN

BOARD MEMBER

Total calculated

$0

Hours/week

2
Alain RodriguezALAIN RODRIGUEZ

BOARD MEMBER

Total calculated

$0

Hours/week

2
Dave RossettiDAVE ROSSETTI

BOARD MEMBER

Total calculated

$0

Hours/week

2
Ann SundbyANN SUNDBY

BOARD MEMBER

Total calculated

$0

Hours/week

2
Scott WitterSCOTT WITTER

BOARD MEMBER

Total calculated

$0

Hours/week

2
Kevin GayKEVIN GAY

CFO

Total calculated

$257,481

From this org

$231,361

From related orgs

$0

Other

$26,120

Hours/week

40

Schedule J breakdown matched by us

Base

$231,361

Bonus

$0

Other

$0

Deferred

$16,405

Nontaxable benefits

$9,715

Filer's total

$257,481
Marion IngersollMARION INGERSOLL

CHIEF DEVELOPMENT OFFICER

Total calculated

$261,820

From this org

$234,361

From related orgs

$0

Other

$27,459

Hours/week

40

Schedule J breakdown matched by us

Base

$234,361

Bonus

$0

Other

$0

Deferred

$16,405

Nontaxable benefits

$11,054

Filer's total

$261,820
Kimiko MartinezKIMIKO MARTINEZ

CHIEF MARKETING & COMMS

Total calculated

$219,135

From this org

$197,175

From related orgs

$0

Other

$21,960

Hours/week

40

Schedule J breakdown matched by us

Base

$197,175

Bonus

$0

Other

$0

Deferred

$14,033

Nontaxable benefits

$7,927

Filer's total

$219,135
Adonia RippleADONIA RIPPLE

CHIEF OF YOSEMITE OPS

Total calculated

$176,820

From this org

$154,957

From related orgs

$0

Other

$21,863

Hours/week

40

Schedule J breakdown matched by us

Base

$154,957

Bonus

$0

Other

$0

Deferred

$10,847

Nontaxable benefits

$11,016

Filer's total

$176,820
Laura GarlandLAURA GARLAND

CONTROLLER

Total calculated

$170,996

From this org

$159,230

From related orgs

$0

Other

$11,766

Hours/week

40

Schedule J breakdown matched by us

Base

$150,080

Bonus

$9,150

Other

$0

Deferred

$11,146

Nontaxable benefits

$620

Filer's total

$170,996
Caitlin AllardCAITLIN ALLARD

PHILANTHROPY OFFICER

Total calculated

$182,282

From this org

$160,062

From related orgs

$0

Other

$22,220

Hours/week

40

Schedule J breakdown matched by us

Base

$160,062

Bonus

$0

Other

$0

Deferred

$11,204

Nontaxable benefits

$11,016

Filer's total

$182,282
Jeff WheelerJEFF WHEELER

HR DIRECTOR

Total calculated

$180,176

From this org

$154,787

From related orgs

$0

Other

$25,389

Hours/week

40

Schedule J breakdown matched by us

Base

$154,787

Bonus

$0

Other

$0

Deferred

$10,543

Nontaxable benefits

$14,846

Filer's total

$180,176

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

1a · Discretionary spending account
1a · Housing allowance or residence for personal use
1b · Written policy on the line-1a expenses
2 · Substantiation required before reimbursing expenses
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 1A: CASSIUS M. CASH RECEIVED A TAXABLE HOUSING ALLOWANCE DURING THE 2025 CALENDAR YEAR REPORTED IN COLUMN B(III). FRANK DEAN RECEIVED A TAXABLE TRANSPORTATION STIPEND DURING THE 2025 CALENDAR YEAR REPORTED IN COLUMN B(III) WHICH WAS DEPOSITED INTO A DISCRETIONARY SPENDING ACCOUNT.
PART I, LINE 4B: FRANK DEAN PARTICIPATED IN A 457(F) PLAN. THERE WERE NO TRANSACTIONS IN THE 2025 CALENDAR YEAR.
PART I, LINE 7: FRANK DEAN, CASSIUS M. CASH, AND LAURA GARLAND RECEIVED A DISCRETIONARY MERIT BONUS WHICH WAS INCLUDED IN THEIR TAXABLE WAGES ON PART II, B(II).

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

YOSEMITE NATIONAL PARK

$9,067,605

SEE PART IVGRANTS ARE GIVEN TO YOSEMITE NATIONAL PARK FOR PROJECTS THAT PRESERVE THE PARK AND ENHANCE VISITOR EXPERIENCE.

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.

YF REAL ESTATE HOLDINGS LLC

REAL ESTATE HOLDING · CA · income $121,862 · assets $4,798,703

Directly controlled by YOSEMITE FOUNDATION

Related corporations and trusts

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

CHARITABLE GIFT ANNUITY (7)

T · INVESTMENTS · CA

Provenance

Return type: form_990
Tax year: 2025
Filed: 12 June 2026
IRS schema version: 2025v4.1
Source object: 202611669349301031

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