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Nonprofiteer
← THE CONSERVATION FUND A NONPROFIT CORPORATION

Form 990 for tax year 2025

Filed by THE CONSERVATION FUND A NONPROFIT CORPORATION.

Totals

Total revenue
$329,373,956
Total expenses
$319,735,912
Contributions and grants received
$114,125,809
Grants paid
$15,915,620
Program services expenses (Part IX)
$305,014,916
Management and general expenses
$7,614,711
Fundraising expenses
$7,106,285
Program service expenses (Part III)
$305,014,916

Program services were 95.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • DANIEL TISHMAN

    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 (UNTIL 6/2/2025)

    Total calculated
    $0
    Hours/week
    2

  • THOMAS M BELK JR

    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 J CARTER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • J STOREY CHARBONNET

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • CHARLES R CHERINGTON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • KIMBERLEE R CORNETT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • LUIS A DE LA GARZA

    DIRECTOR (UNTIL 9/17/2025)

    Total calculated
    $0
    Hours/week
    2

  • JENNIFER L HERNANDEZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • SHAMEEK KONAR

    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

  • DAVID M TURK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • JAY F WAGLEY

    DIRECTOR (UNTIL 9/17/2025)

    Total calculated
    $0
    Hours/week
    2

  • RICHARD W WAGNER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • JAMES M WHITEHURST

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • LAWRENCE A SELZER

    CEO & PRESIDENT

    Total calculated
    $1,048,812
    From this org
    $922,078
    From related orgs
    $0
    Other
    $126,734
    Hours/week
    36.5 + 1 related

    Schedule J breakdown matched by us

    Base
    $507,109
    Bonus
    $275,000
    Other
    $139,969
    Deferred
    $85,000
    Nontaxable benefits
    $41,734
    Filer's total
    $1,048,812

  • JOHN S GILBERT

    EVP & CFO

    Total calculated
    $543,534
    From this org
    $483,103
    From related orgs
    $0
    Other
    $60,431
    Hours/week
    36.5 + 1 related

    Schedule J breakdown matched by us

    Base
    $323,419
    Bonus
    $158,100
    Other
    $1,584
    Deferred
    $33,387
    Nontaxable benefits
    $27,044
    Filer's total
    $543,534

  • MONICA A GARRISON

    SVP & TREASURER

    Total calculated
    $387,555
    From this org
    $331,882
    From related orgs
    $0
    Other
    $55,673
    Hours/week
    31.5 + 6 related

    Schedule J breakdown matched by us

    Base
    $260,298
    Bonus
    $70,000
    Other
    $1,584
    Deferred
    $27,135
    Nontaxable benefits
    $28,538
    Filer's total
    $387,555

  • MARGARET A MCCANTS

    BOARD SEC & CON ACQ DIRECTOR

    Total calculated
    $198,971
    From this org
    $169,463
    From related orgs
    $0
    Other
    $29,508
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $141,911
    Bonus
    $27,000
    Other
    $552
    Deferred
    $14,425
    Nontaxable benefits
    $15,083
    Filer's total
    $198,971

  • DEAN H CANNON

    EVP & GENERAL COUNSEL

    Total calculated
    $540,261
    From this org
    $491,046
    From related orgs
    $0
    Other
    $49,215
    Hours/week
    36.5 + 1 related

    Schedule J breakdown matched by us

    Base
    $329,898
    Bonus
    $158,100
    Other
    $3,048
    Deferred
    $33,533
    Nontaxable benefits
    $15,682
    Filer's total
    $540,261

  • MATTHEW S SEXTON

    SVP CONSERVATION ACQUISITION

    Total calculated
    $407,933
    From this org
    $350,099
    From related orgs
    $0
    Other
    $57,834
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $269,067
    Bonus
    $80,000
    Other
    $1,032
    Deferred
    $28,353
    Nontaxable benefits
    $29,481
    Filer's total
    $407,933

  • MARK W ELSBREE

    SVP CONSERVATION ACQUISITION

    Total calculated
    $423,427
    From this org
    $349,752
    From related orgs
    $0
    Other
    $73,675
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $264,168
    Bonus
    $84,000
    Other
    $1,584
    Deferred
    $28,408
    Nontaxable benefits
    $45,267
    Filer's total
    $423,427

  • EVAN H SMITH

    SVP CONSERVATION VENTURES

    Total calculated
    $375,771
    From this org
    $332,442
    From related orgs
    $0
    Other
    $43,329
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $266,890
    Bonus
    $65,000
    Other
    $552
    Deferred
    $27,005
    Nontaxable benefits
    $16,324
    Filer's total
    $375,771

  • KELLY M REED

    SVP GOVERNMENT RELATIONS

    Total calculated
    $393,176
    From this org
    $350,722
    From related orgs
    $0
    Other
    $42,454
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $270,362
    Bonus
    $80,000
    Other
    $360
    Deferred
    $27,276
    Nontaxable benefits
    $15,178
    Filer's total
    $393,176

  • CHARLES FRANCIS SLINGSBY

    SVP ENERGY TRANSITION & CORPORATE SUSTAINABLILITY

    Total calculated
    $361,242
    From this org
    $348,657
    From related orgs
    $0
    Other
    $12,585
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $328,417
    Bonus
    $20,000
    Other
    $240
    Deferred
    $10,970
    Nontaxable benefits
    $1,615
    Filer's total
    $361,242

  • JEFFREY LIEBERT

    SVP CAPITAL INVESTMENTS

    Total calculated
    $361,388
    From this org
    $341,865
    From related orgs
    $0
    Other
    $19,523
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $305,833
    Bonus
    $35,000
    Other
    $1,032
    Deferred
    $17,908
    Nontaxable benefits
    $1,615
    Filer's total
    $361,388

  • BRIAN DANGLER

    SVP & DIRECTOR OF WORKING FOREST FUND

    Total calculated
    $393,765
    From this org
    $332,968
    From related orgs
    $0
    Other
    $60,797
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $253,936
    Bonus
    $78,000
    Other
    $1,032
    Deferred
    $27,053
    Nontaxable benefits
    $33,744
    Filer's total
    $393,765

  • ELIZABETH PALMER

    VP OF HUMAN RESOURCES

    Total calculated
    $377,737
    From this org
    $321,466
    From related orgs
    $0
    Other
    $56,271
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $253,434
    Bonus
    $67,000
    Other
    $1,032
    Deferred
    $26,790
    Nontaxable benefits
    $29,481
    Filer's total
    $377,737

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 — 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 A SPECIFIED SUM PER YEAR FOR THE CEO OF THE ORGANIZATION. THE ANNUAL COST 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. IN 2025, THE CEO RECEIVED A DISTRIBUTION OF PREVIOUSLY ACCRUED AMOUNTS IN ACCORDANCE WITH THE PLAN'S TERMS. IN ADDITION, THE BOARD APPROVED AN EXTENSION OF THE CEO SUPPLEMENTAL RETIREMENT PLAN. UNDER THIS EXTENSION, THE FUND WILL ACCRUE $50,000 ANNUALLY, WITH SUCH AMOUNTS RECOGNIZED AS EXPENSE EACH YEAR AND VESTING IN 2030.
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

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.

  • SUSTAINABLE CONSERVATION INC

    501(C)(3) · CONSERVATION REAL ESTATE OWNERSHIP · MD · controlled entity

    Directly controlled by THE CONSERVATION FUND

Provenance

Return type
form_990
Tax year
2025
IRS schema version
2025v4.2
Source object
202612099349300131

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