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Nonprofiteer
← THE AMERICAN CHESTNUT FOUNDATION

Form 990 for tax year 2023

Filed by THE AMERICAN CHESTNUT FOUNDATION.

Totals

Total revenue
$3,367,085
Total expenses
$3,683,761
Contributions and grants received
$3,122,552
Grants paid
$186,673
Program service revenue
$0
Investment income
$207,850
Other revenue
$36,683
Total assets, end of year
$9,943,661
Total liabilities, end of year
$690,015
Net assets or fund balances, end of year
$9,253,646
Program services expenses (Part IX)
$3,107,392
Management and general expenses
$511,573
Fundraising expenses
$64,796
Program service expenses (Part III)
$3,107,392

Program services were 84.4% 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

    $526,372

  • 1e · Government grants (contributions)

    $10,765

  • 1f · All other contributions, gifts and grants

    $2,585,415

  • 1g · Noncash contributions included above

    $20,203

  • 3 · Investment income

    total $141,757 · excluded $141,757

  • 7a · Gross sales of assets other than inventory

    securities $19,765 · other assets $66,382

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

    securities $20,054

  • 7c · Gain or loss

    securities -$289 · other assets $66,382

  • 7d · Net gain or loss

    total $66,093 · excluded $66,093

  • 10a · Gross sales of inventory

    $24,839

  • 10c · Net income from sales of inventory

    total $24,839 · excluded $24,839

  • 11a · Other revenue: OTHER INCOME

    total $11,844 · excluded $11,844

  • 11e · Other revenue, total

    $11,844

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $186,673 · program services $186,673

  • 5 · Compensation of officers, directors and key employees

    total $349,325 · program services $260,307 · management and general $76,341 · fundraising $12,677

  • 7 · Other salaries and wages

    total $1,375,960 · program services $1,337,138 · management and general $19,539 · fundraising $19,283

  • 8 · Pension plan contributions

    total $33,070 · program services $30,620 · management and general $1,838 · fundraising $612

  • 9 · Other employee benefits

    total $162,407 · program services $157,413 · management and general $3,745 · fundraising $1,249

  • 10 · Payroll taxes

    total $143,272 · program services $133,096 · management and general $7,632 · fundraising $2,544

  • 11b · Fees: legal

    total $70,993 · management and general $70,993

  • 11c · Fees: accounting

    total $20,440 · management and general $20,440

  • 11g · Fees: other

    total $234,439 · program services $163,021 · management and general $70,218 · fundraising $1,200

  • 12 · Advertising and promotion

    total $48,322 · program services $44,494 · fundraising $3,828

  • 13 · Office expenses

    total $180,256 · program services $143,937 · management and general $33,136 · fundraising $3,183

  • 16 · Occupancy

    total $106,362 · program services $34,756 · management and general $71,606

  • 17 · Travel

    total $120,052 · program services $51,169 · management and general $68,539 · fundraising $344

  • 19 · Conferences, conventions and meetings

    total $50,316 · program services $4,828 · management and general $45,329 · fundraising $159

  • 22 · Depreciation, depletion and amortization

    total $135,647 · program services $127,626 · management and general $6,016 · fundraising $2,005

  • 23 · Insurance

    total $9,589 · program services $3,335 · management and general $6,254

  • 24a · Other expenses: RESEARCH

    total $357,906 · program services $357,906

  • 24b · Other expenses: CHAPTER DUES SHARE

    total $70,830 · program services $70,830

  • 24e · All other expenses

    total $27,902 · program services $243 · management and general $9,947 · fundraising $17,712

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,946,046 · end of year $1,386,549

  • 3 · Pledges and grants receivable

    beginning of year $120,000 · end of year $260,000

  • 8 · Inventories for sale or use

    beginning of year $4,567 · end of year $803

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,450 · end of year $41,706

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

    $2,952,563

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

    $963,877

  • 10c · Land, buildings and equipment, net

    beginning of year $1,855,335 · end of year $1,988,686

  • 11 · Investments: publicly traded securities

    beginning of year $4,911,596 · end of year $5,931,918

  • 14 · Intangible assets

    beginning of year $41,786 · end of year $145,793

  • 15 · Other assets

    beginning of year $318,767 · end of year $188,206

  • 17 · Accounts payable and accrued expenses

    beginning of year $225,520 · end of year $334,148

  • 21 · Escrow or custodial account liability

    beginning of year $260,881 · end of year $264,008

  • 23 · Secured mortgages and notes payable

    beginning of year $4,328 · end of year $2,252

  • 25 · Other liabilities

    beginning of year $59,771 · end of year $89,607

  • 27 · Net assets without donor restrictions

    beginning of year $7,957,859 · end of year $8,742,055

  • 28 · Net assets with donor restrictions

    beginning of year $695,188 · end of year $511,591

Mission and programs · 2023

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 $3,107,392 · Grants $186,673

As filed on the 2023 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

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dr Martin Cipollini

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dr Deborah Delmer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bruce Levine

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dr Dennis Liu

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dr Elizabeth Kramer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Catherine Novelli

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dr John Scrivani

    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 Mandy Cromwell

    DIR (TO 10/2

    Total calculated
    $0
    Hours/week
    1

  • Lewis Lobdell

    DIR (TO 10/2

    Total calculated
    $0
    Hours/week
    1

  • William C Pitt PhD

    PRESIDENT/CE

    Total calculated
    $78,890
    From this org
    $78,787
    From related orgs
    $0
    Other
    $103
    Hours/week
    40

  • Shaomin Li

    CONTROLLER

    Total calculated
    $58,424
    From this org
    $52,575
    From related orgs
    $0
    Other
    $5,849
    Hours/week
    40

  • Lisa Thomson

    PRES/CEO (TO

    Total calculated
    $172,277
    From this org
    $162,812
    From related orgs
    $0
    Other
    $9,465
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $108,312
    Bonus
    $30,000
    Other
    $24,500
    Deferred
    $6,803
    Nontaxable benefits
    $2,662
    Filer's total
    $172,277

  • Paul Wingenfeld

    CFO (TO 08/2

    Total calculated
    $73,420
    From this org
    $65,344
    From related orgs
    $0
    Other
    $8,076
    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

Provenance

Return type
form_990
Tax year
2023
Filed
18 November 2024
IRS schema version
2023v5.0
Source object
202423469349300542

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