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Nonprofiteer
← BUILDING CONSERVATION TRUST

Form 990 for tax year 2022

Filed by BUILDING CONSERVATION TRUST.

Totals

Total revenue
$1,032,879
Total expenses
$1,134,040
Contributions and grants received
$1,008,108
Grants paid
$590,000
Program service revenue
$0
Investment income
$11,219
Other revenue
$13,552
Total assets, end of year
$4,803,147
Total liabilities, end of year
$265,411
Net assets or fund balances, end of year
$4,537,736
Program services expenses (Part IX)
$1,103,866
Management and general expenses
$30,174
Fundraising expenses
$0
Program service expenses (Part III)
$1,103,866

Program services were 97.3% 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.

  • 1d · Related organizations

    $32,262

  • 1f · All other contributions, gifts and grants

    $975,846

  • 3 · Investment income

    total $11,219 · excluded $11,219

  • 8a · Fundraising events: gross income

    $22,362

  • 8b · Fundraising events: direct expenses

    $8,810

  • 8c · Net income from fundraising events

    total $13,552 · excluded $13,552

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $590,000 · program services $590,000

  • 7 · Other salaries and wages

    total $103,549 · program services $80,995 · management and general $22,554

  • 11c · Fees: accounting

    total $5,500 · management and general $5,500

  • 11g · Fees: other

    total $24,330 · program services $24,330

  • 13 · Office expenses

    total $157 · management and general $157

  • 19 · Conferences, conventions and meetings

    total $12,922 · program services $12,922

  • 22 · Depreciation, depletion and amortization

    total $779 · management and general $779

  • 24a · Other expenses: CONSERVATION PROJECTS

    total $395,240 · program services $395,240

  • 24b · Other expenses: BANK FEES

    total $1,059 · management and general $1,059

  • 24c · Other expenses: PRINTING AND PUBLICATIO

    total $359 · program services $359

  • 24d · Other expenses: DELIVERY EXPENSE

    total $80 · program services $20 · management and general $60

  • 24e · All other expenses

    total $65 · management and general $65

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,719,663 · end of year $4,545,726

  • 2 · Savings and temporary cash investments

    beginning of year $1,051 · end of year $1,065

  • 4 · Accounts receivable

    beginning of year $101,000 · end of year $110,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,430 · end of year $13,325

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

    $20,730

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

    $20,711

  • 10c · Land, buildings and equipment, net

    beginning of year $798 · end of year $19

  • 15 · Other assets

    beginning of year $1,705 · end of year $133,012

  • 17 · Accounts payable and accrued expenses

    beginning of year $9,434 · end of year $45,550

  • 19 · Deferred revenue

    end of year $10,000

  • 25 · Other liabilities

    beginning of year $180,316 · end of year $209,861

  • 27 · Net assets without donor restrictions

    beginning of year $513,016 · end of year $575,651

  • 28 · Net assets with donor restrictions

    beginning of year $4,125,881 · end of year $3,962,085

Mission and programs · 2022

Mission

THE BUILDING CONSERVATION TRUST (BCT) WAS CREATED TO PROVIDE VITAL FUNDING FOR GRASSROOTS-DRIVEN PROJECTS THAT ACHIEVE ONE OR MORE OF FIVE KEY OBJECTIVES: RESTORE DEGRADED HABITATS; CREATE NEW HABITATS; ADVANCE THE SCIENCE OF COASTAL HABITAT RESTORATION AND MARINE FISHERIES CONSERVATION; FOSTER HABITAT STEWARDSHIP, AND EDUCATE COASTAL COMMUNITIES ON THE VALUE OF CONSERVATION.

Activities or mission (Part I)

THE BUILDING CONSERVATION TRUST (BCT) WAS CREATED TO PROVIDE VITAL FUNDING FOR GRASSROOTS-DRIVEN PROJECTS THAT ACHIEVE ONE OR MORE OF FIVE KEY OBJECTIVES: RESTORE THE DEGRADED HABITATS; CREATE NEW HABITATS; ADVANCE THE SCIENCE OF COASTAL HABITAT RESTORATION AND MARINE FISHERIES CONSERVATION; FOSTER HABITAT STEWARDSHIP, AND EDUCATE COASTAL COMMUNITIES ON THE VALUE OFCONSERVATION.

  • THE BUILDING CONSERVATION TRUST'S COASTAL INITIATIVES INVOLVE MARINE HABITAT PROJECTS THAT FULFILL ONE OR MORE OF THE FIVE KEY OBJECTIVES STATED IN THE MISSION.

    Expenses $1,103,866 · Grants $590,000

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • JOHN CARLSON

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • KRISTEN YOUNG

    TREASURER

    Total calculated
    $254,189
    From this org
    $0
    From related orgs
    $241,301
    Other
    $12,888
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $160,679 related
    Bonus
    $0 + $80,000 related
    Other
    $0 + $622 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $12,888 related
    Filer's total
    $0 + $254,189 related

  • MARK HOBBS

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • MITCH BROWNLEE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • BRUCE CULPEPPER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • HENRY HAGER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • WILL HARTE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • BOB HAYES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • ORLANDO ALVAREZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • RICK TALLANT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • PATRICK MURRAY

    PRESIDENT

    Total calculated
    $409,035
    From this org
    $81,543
    From related orgs
    $306,757
    Other
    $20,735
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $63,037 + $237,141 related
    Bonus
    $18,375 + $69,125 related
    Other
    $131 + $491 related
    Deferred
    $0
    Nontaxable benefits
    $4,354 + $16,381 related
    Filer's total
    $85,897 + $323,138 related

  • WILL OHMSTEDE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • MARK RAY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • THEODORE VENKER

    DIRECTOR

    Total calculated
    $252,848
    From this org
    $0
    From related orgs
    $231,855
    Other
    $20,993
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $160,679 related
    Bonus
    $0 + $70,000 related
    Other
    $0 + $1,176 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $20,993 related
    Filer's total
    $0 + $252,848 related

  • CHARLIE CAPLINGER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • DAVE PFEIFFER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • CASEY SHEDD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

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

None.

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

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.

Provenance

Return type
form_990
Tax year
2022
Filed
11 August 2023
IRS schema version
2022v5.0
Source object
202312239349301236

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