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Nonprofiteer
← BLUE INVESTMENTS FOR NATURE INC

Form 990 for tax year 2023

Filed by BLUE INVESTMENTS FOR NATURE INC.

Totals

Total revenue
$23,658,718
Total expenses
$26,302,095
Contributions and grants received
$5,463,267
Grants paid
$7,804,200
Program service revenue
$18,351,868
Investment income
-$601,634
Other revenue
$445,217
Total assets, end of year
$466,395,341
Total liabilities, end of year
$384,431,554
Net assets or fund balances, end of year
$81,963,787
Program services expenses (Part IX)
$25,517,593
Management and general expenses
$784,502
Fundraising expenses
$0
Program service expenses (Part III)
$25,517,593

Program services were 97.0% 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)

    $5,463,267

  • 2a · Program service revenue: INTEREST ON RECEIVABLES

    total $17,480,747 · related or exempt $17,480,747

  • 2b · Program service revenue: BLUE LOAN ADMIN FEES

    total $871,121 · related or exempt $871,121

  • 3 · Investment income

    total $538,038 · excluded $538,038

  • 7a · Gross sales of assets other than inventory

    securities $5,916,628

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

    securities $7,056,300

  • 7c · Gain or loss

    securities -$1,139,672

  • 7d · Net gain or loss

    total -$1,139,672 · excluded -$1,139,672

  • 11a · Other revenue: REIMBURSEMENT INSURANCE INCOME

    total $445,217 · excluded $445,217

  • 11e · Other revenue, total

    $445,217

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $7,804,200 · program services $7,804,200

  • 11a · Fees: management

    total $716,766 · management and general $716,766

  • 11f · Fees: investment management

    total $40,957 · management and general $40,957

  • 11g · Fees: other

    total $8,450 · management and general $8,450

  • 20 · Interest

    total $11,648,000 · program services $11,648,000

  • 23 · Insurance

    total $5,975,475 · program services $5,975,475

  • 24a · Other expenses: DEBT/LENDING SERV FEES

    total $88,252 · program services $71,585 · management and general $16,667

  • 24b · Other expenses: DUES, FEES, LICENSES

    total $19,510 · program services $18,333 · management and general $1,177

  • 24c · Other expenses: BANK & CREDIT CARD FEES

    total $485 · management and general $485

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $252,256 · end of year $2,186,411

  • 4 · Accounts receivable

    beginning of year $2,156,086 · end of year $3,647,603

  • 7 · Other notes and loans receivable

    beginning of year $364,000,000 · end of year $364,000,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $19,075,244 · end of year $24,760,434

  • 11 · Investments: publicly traded securities

    beginning of year $65,645,041 · end of year $71,800,893

  • 17 · Accounts payable and accrued expenses

    beginning of year $12,408,426 · end of year $13,664,019

  • 19 · Deferred revenue

    end of year $6,767,535

  • 24 · Unsecured notes and loans payable

    beginning of year $364,000,000 · end of year $364,000,000

  • 27 · Net assets without donor restrictions

    beginning of year -$6,244,154 · end of year $1,656,801

  • 28 · Net assets with donor restrictions

    beginning of year $80,964,355 · end of year $80,306,986

Mission and programs · 2023

Mission

BLUE INVESTMENTS FOR NATURE, INC. (BIN) IS A NONPROFIT CORPORATION WHOSE SOLE MEMBER AND SUPPORTED ORGANIZATION IS THE NATURE CONSERVANCY (TNC). TNC IS A LONGSTANDING SECTION 501(C)(3) PUBLIC CHARITY ORGANIZED AND OPERATED FOR THE CHARITABLE PURPOSE OF ENVIRONMENTAL CONSERVATION. BIN IS ORGANIZED AND OPERATED TO SUPPORT TNC BY FURTHERING TNC'S GLOBAL MISSION OF CONSERVING THE LANDS AND WATERS ON WHICH ALL LIFE DEPENDS.

Activities or mission (Part I)

TO SUPPORT THE NATURE CONSERVANCY (TNC) BY FURTHERING TNC'S CONSERVATION MISSION.

  • BLUE INVESTMENTS FOR NATURE, INC. (BIN) SUPPORTS TNC THROUGH ENTERING INTO FINANCIAL AND CONSERVATION AGREEMENTS WITH OTHER NATIONS AND NON-PROFITS.BIN ENTERED INTO A DEBT CONVERSION TRANSACTION WITH THE GOVERNMENT OF BELIZE ON NOVEMBER 14, 2021. AS PART OF THE TRANSACTION, BELIZE RETIRED EXISTING DEBT WITH NEW DEBT PROVIDED BY A DISREGARDED ENTITY OF BIN. AS PART OF THE TRANSACTION, BELIZE COMMITTED TO A NUMBER OF ENVIRONMENTAL AND FINANCING COMMITMENTS TO SUPPORT MARINE CONSERVATION AND PROTECTING AND MANAGING BELIZE'S ENVIRONMENTALLY SENSITIVE AREAS. THROUGH THIS PROJECT, BIN IS SUPPORTING BELIZE'S CONSERVATION OF OCEAN BIDOVERSITY PROTECTION ZONES, DESIGNATING PUBLIC LANDS WITH THE BELIZE BARRIER REEF RESERVE SYSTEM AS MANGROVE RESERVES, DEVELOPING INTEGRATED COASTAL ZONE MANAGEMENT PLANS, AND MORE. BIN IS ABLE TO SUPPORT THE CONSERVATION OF BELIZE THROUGH MAKING GRANTS TO THE BELIZE FUND FOR A SUSTAINABLE FUTURE, A U.S. TAX-EXEMPT CONSERVATION TRUST FUND THAT OPERATES IN BELIZE. ADDITIONALLY, BIN MANAGES AN ACCOUNT OF INVESTMENTS, THE PRINCIPAL AND EARNINGS OF WHICH WILL BE DISTRIBUTED FOR CONSERVATION PURPOSES IN BELIZE.

    Expenses $25,517,593 · Grants $7,804,200 · Revenue $18,351,868

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jeff Schutes

    TREASURER & DIRECTOR

    Total calculated
    $346,994
    From this org
    $0
    From related orgs
    $315,090
    Other
    $31,904
    Hours/week
    1 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $306,708 related
    Bonus
    $0
    Other
    $0 + $8,382 related
    Deferred
    $0 + $24,805 related
    Nontaxable benefits
    $0 + $7,099 related
    Filer's total
    $0 + $346,994 related

  • Melissa Garvey

    VP & DIRECTOR

    Total calculated
    $266,957
    From this org
    $0
    From related orgs
    $235,825
    Other
    $31,132
    Hours/week
    1 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $224,679 related
    Bonus
    $0 + $10,000 related
    Other
    $0 + $1,146 related
    Deferred
    $0 + $19,385 related
    Nontaxable benefits
    $0 + $11,747 related
    Filer's total
    $0 + $266,957 related

  • Svetoslav Gatchev

    PRESIDENT & DIRECTOR

    Total calculated
    $304,555
    From this org
    $0
    From related orgs
    $265,371
    Other
    $39,184
    Hours/week
    1 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $264,001 related
    Bonus
    $0
    Other
    $0 + $1,370 related
    Deferred
    $0 + $21,834 related
    Nontaxable benefits
    $0 + $17,350 related
    Filer's total
    $0 + $304,555 related

  • Leah Carriere

    SECRETARY

    Total calculated
    $134,808
    From this org
    $0
    From related orgs
    $117,514
    Other
    $17,294
    Hours/week
    1 + 35 related

  • Stephen Valdes-Robles

    FORMER SECRETARY

    Total calculated
    $262,061
    From this org
    $0
    From related orgs
    $225,524
    Other
    $36,537
    Hours/week
    0 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $215,584 related
    Bonus
    $0 + $9,200 related
    Other
    $0 + $740 related
    Deferred
    $0 + $16,651 related
    Nontaxable benefits
    $0 + $19,886 related
    Filer's total
    $0 + $262,061 related

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

The filer's explanations (Part III)

SCHEDULE J, PART II
BLUE INVESTMENTS FOR NATURE, INC. (BIN) HAS NO EMPLOYEES OF ITS OWN. ITS OFFICERS RECEIVE COMPENSATION FROM A RELATED ORGANIZATION, THE NATURE CONSERVANCY.

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.

  • BELIZE FUND FOR A SUSTAINABLE FUTURE

    501(C)(3) · CONSERVATION · DE

  • BELIZE MAYA FOREST TRUST

    CONSERVATION · BH

    Directly controlled by THE NATURE CONSERVANCY

  • CONSERVATION FARMS & RANCHES

    501(C)(3) · CONSERVATION · DE

    Directly controlled by THE NATURE CONSERVANCY

  • ECOLOGICAL TRUST FUND OF PANAMA

    501(C)(4) · GRANTMAKING · PM

    Directly controlled by THE NATURE CONSERVANCY

  • FUNDACION THE NATURE CONSERVANCY OF PANAMA

    CONSERVATION · PM

    Directly controlled by THE NATURE CONSERVANCY

  • LOISABA COMMUNITY TRUST

    CONSERVATION · KE

    Directly controlled by THE NATURE CONSERVANCY

  • NATURE CONSERVATION WATER FUND PTY LTD

    CONSERVATION · AS

    Directly controlled by THE NATURE CONSERVANCY

  • NATURE UNITED

    CONSERVATION · CA

    Directly controlled by THE NATURE CONSERVANCY

  • NATURE'S CAPITAL INC

    501(C)(3) · CONSERVATION · DE

    Directly controlled by THE NATURE CONSERVANCY

  • THE NATURE CONSERVANCY

    501(C)(3) · CONSERVATION · DC

  • THE NATURE CONSERVANCY DO BRASIL

    CONSERVATION · BR

    Directly controlled by THE NATURE CONSERVANCY

  • THE NATURE CONSERVANCY HONG KONG FOUNDATION LIMITED

    CONSERVATION · HK

    Directly controlled by THE NATURE CONSERVANCY

  • THE NATURE CONSERVANCY IN EUROPE GEMEINNUTZIGE GMBH

    CONSERVATION · GM

    Directly controlled by THE NATURE CONSERVANCY

  • THE NATURE CONSERVANCY IN SWITZERLAND FOUNDATION

    CONSERVATION · SZ

    Directly controlled by THE NATURE CONSERVANCY

  • THE NATURE CONSERVANCY LIMITED (AUSTRALIA)

    CONSERVATION · AS

    Directly controlled by THE NATURE CONSERVANCY

  • THE NATURE CONSERVANCY OF SOUTH AFRICA NPC

    CONSERVATION · SF

    Directly controlled by THE NATURE CONSERVANCY

  • THE NATURE CONSERVANCY SINGAPORE LIMITED

    CONSERVATION · SN

    Directly controlled by THE NATURE CONSERVANCY

  • THE NATURE CONSERVANCY TRUST

    CONSERVATION · NZ

    Directly controlled by THE NATURE CONSERVANCY

  • TNC - THE NATURE CONSERVANCY CENTRE

    CONSERVATION · IN

    Directly controlled by THE NATURE CONSERVANCY

  • TNC CONSERVACIN DE LA NATURAZALA ASOCIACIN CIVIL

    CONSERVATION · MX

    Directly controlled by THE NATURE CONSERVANCY

  • TNC NEW ZEALAND TRUST

    CONSERVATION · NZ

    Directly controlled by THE NATURE CONSERVANCY

  • YAYASAN KONSERVASI ALAM NUSANTARA

    CONSERVATION · ID

    Directly controlled by THE NATURE CONSERVANCY

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.

  • BELIZE BLUE INVESTMENT COMPANY LLC

    CONSERVATION · DE · income $23,229,707 · assets $394,333,867

    Directly controlled by BLUE INVESTMENTS FOR NATURE INC

  • BELIZE BLUE CONSERVATION TRUST

    ENDOWMENT · DE · income -$644,254 · assets $23,733,249

    Directly controlled by BELIZE BLUE INVESTMENT COMPANY LLC

  • GABON BLUE CONSERVATION LLC

    CONSERVATION · DE · income $1,938,444 · assets $0

    Directly controlled by BLUE INVESTMENTS FOR NATURE INC

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • AFRICAN CONSERVATION & COMMUNITIES TOURISM FUND LP

    INVESTMENT · MP

  • ALPINE INVESTORS IV-A LP

    INVESTMENT · CA

  • CENTRAL CASCADES FOREST LLC

    CONSERVATION · DE

  • CUMBERLAND FOREST LP

    CONSERVATION · DE

  • MONTANA CHECKERBOARD LLC

    CONSERVATION · DE

  • WIREFRAME VENTURES LP

    INVESTMENT · CA

Related corporations and trusts

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

  • BARBADOS BLUE CONSERVATION TRUST

    T · ENDOWMENT · DE

  • BOLLOREI LIMITED

    C · CONSERVATION · KE

  • COLCHECCIO LIMITED

    C · CONSERVATION · KE

  • FIDEICOMISO FORTIN CHACABUCO

    C · CONSERVATION · AR

  • FORTIN SA

    C · CONSERVATION · AR

  • GLENNMONT REBS EUROPE FEEDER FUND I SCSP

    C · INVESTMENT · LU

  • MONTARK INC

    C · CONSERVATION · NY

  • NATURE CONSERVANCY INDIA SOLUTIONS PRIVATE LIMITED

    C · CONSERVATION · IN

  • ORYX LIMITED

    C · MANAGEMENT COMPANY · KE

  • PACIFIC ISLAND TUNA IMPORTS LTD

    C · MANAGEMENT COMPANY · CA

  • PACIFIC ISLAND TUNA PROVISIONS LLC

    C · TUNA PRODUCTION · MH

  • PT ALAM BENTALA NUSANTARA

    C · FOREST CONCESSION · ID

  • PT HUTAN KELAY LESTARI

    C · FOREST CONCESSION · ID

  • PT PUTRI NAGA KOMODO

    C · CONSERVATION · ID

  • PT WANA BHAKTI PERSADA UTAMA

    C · FOREST CONCESSION · ID

  • THE GREAT CUMBUNG PTY LTD

    C · CONSERVATION · AS

  • THE NATURE CONSERVANCY OF NEW MEXICO

    C · CONSERVATION · NM

  • TNC IMPACT CAPITAL INC

    C · CONSERVATION · DE

  • TNC IMPACT HOLDINGS ONE INC

    C · INVESTMENT · VA

  • TNC REAL ASSETS HOLDINGS LLC

    C · INVESTMENT · VA

  • TNC SUSTAINABLE WATER HOLDINGS INC

    C · INVESTMENT · DE

Provenance

Return type
form_990
Tax year
2023
Filed
14 May 2025
IRS schema version
2023v6.0
Source object
202541349349306979

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