Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $17,147

• 2a · Program service revenue: CONSERVANCY PROGRAM

  total $7,907 · related or exempt $7,907

• 3 · Investment income

  total $472,683 · excluded $472,683

• 7a · Gross sales of assets other than inventory

  securities $4,714,580 · other assets $22,623

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

  securities $4,724,881 · other assets $1,504

• 7c · Gain or loss

  securities -$10,301 · other assets $21,119

• 7d · Net gain or loss

  total $10,818 · related or exempt $21,119 · excluded -$10,301

• 11a · Other revenue: Miscellaneous Incom

  total $14,450 · related or exempt $14,450

• 11e · Other revenue, total

  $14,450

Functional expenses

Part IX, the statement of functional expenses.

• 7 · Other salaries and wages

  total $279,887 · program services $279,887

• 8 · Pension plan contributions

  total $10,813 · program services $10,813

• 9 · Other employee benefits

  total $26,185 · program services $26,185

• 10 · Payroll taxes

  total $20,759 · program services $20,759

• 11b · Fees: legal

  total $265 · program services $265

• 11c · Fees: accounting

  total $6,500 · program services $6,500

• 11f · Fees: investment management

  total $33,186 · management and general $33,186

• 11g · Fees: other

  total $1,440 · program services $1,440

• 13 · Office expenses

  total $8,375 · program services $8,375

• 16 · Occupancy

  total $44,666 · program services $44,666

• 17 · Travel

  total $3,254 · program services $3,254

• 21 · Payments to affiliates

  total $124,800 · management and general $124,800

• 22 · Depreciation, depletion and amortization

  total $81,232 · program services $81,232

• 23 · Insurance

  total $40,117 · program services $40,117

• 24a · Other expenses: Repairs and Maintenance

  total $43,372 · program services $43,372

• 24b · Other expenses: Public Programming

  total $4,027 · program services $4,027

• 24c · Other expenses: Dues and Subscriptions

  total $525 · program services $525

• 24d · Other expenses: Stipend

  total $245 · program services $245

Balance sheet

Part X, book values.

• 4 · Accounts receivable

  end of year $4,691

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

  $9,873,185

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

  $168,658

• 10c · Land, buildings and equipment, net

  beginning of year $9,726,303 · end of year $9,704,527

• 11 · Investments: publicly traded securities

  beginning of year $16,302,304 · end of year $17,857,167

• 15 · Other assets

  beginning of year $216,049 · end of year $263,407

• 17 · Accounts payable and accrued expenses

  beginning of year $9,945 · end of year $11,860

• 27 · Net assets without donor restrictions

  beginning of year $727,407 · end of year $755,765

• 28 · Net assets with donor restrictions

  beginning of year $25,507,304 · end of year $27,062,167

The filer's explanations (Part III)

Part I, Line 3

Brandywine Conservancy uses the following methods to establish the compensation of the organization's CEO/Executive director: recommendation of the compensation committee, written employment contract, Form 990 of other organizations, and approval by the board or finance committee.

Part I, Line 4b

Brandywine Conservancy has implemented an unqualified unfunded deferred compensation plan under IRS Code Section 457, for which a select group of management is eligible to participate.

Part I, Line 7

The compensation committee may approve a bonus pool amount based on the performance of the organization's mission and subject to the availability of funds.