Form 990 for tax year 2022
Filed by NANTUCKET CONSERVATION FOUNDATION INC.
Totals
- Total revenue
- $9,623,149
- Total expenses
- $3,830,564
- Contributions and grants received
- $6,661,712
- Grants paid
- $0
- Program service revenue
- $144,770
- Investment income
- $2,953,592
- Other revenue
- -$136,925
- Total assets, end of year
- $152,026,013
- Total liabilities, end of year
- $227,526
- Net assets or fund balances, end of year
- $151,798,487
- Program services expenses (Part IX)
- $2,341,480
- Management and general expenses
- $899,003
- Fundraising expenses
- $590,081
- Program service expenses (Part III)
- $2,341,480
Program services were 61.1% 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
$1,661,200
-
1c · Fundraising events
$345,964
-
1f · All other contributions, gifts and grants
$4,654,548
-
2a · Program service revenue: WAUWINET GATEHOUSE
total $120,000 · related or exempt $120,000
-
2b · Program service revenue: PRODUCT SALES
total $23,788 · related or exempt $23,788
-
2c · Program service revenue: CRANBERRY REVENUE
total $982 · related or exempt $982
-
3 · Investment income
total $626,135 · excluded $626,135
-
6a · Gross rents
real property $68,550
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $68,550
-
6d · Net rental income or loss
total $68,550 · excluded $68,550
-
7a · Gross sales of assets other than inventory
securities $3,295,897 · other assets $3,019,126
-
7b · Less cost or other basis and sales expenses
securities $3,150,465 · other assets $837,101
-
7c · Gain or loss
securities $145,432 · other assets $2,182,025
-
7d · Net gain or loss
total $2,327,457 · related or exempt $2,182,025 · excluded $145,432
-
8a · Fundraising events: gross income
$108,046
-
8a · Fundraising events: contributions included on line 1c
$345,964
-
8b · Fundraising events: direct expenses
$313,521
-
8c · Net income from fundraising events
total -$205,475 · excluded -$205,475
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $211,150 · program services $126,690 · management and general $42,230 · fundraising $42,230
-
7 · Other salaries and wages
total $1,327,790 · program services $1,022,223 · management and general $110,161 · fundraising $195,406
-
8 · Pension plan contributions
total $48,513 · program services $29,109 · management and general $9,702 · fundraising $9,702
-
9 · Other employee benefits
total $239,774 · program services $132,796 · management and general $69,505 · fundraising $37,473
-
10 · Payroll taxes
total $119,943 · program services $84,187 · management and general $11,877 · fundraising $23,879
-
11b · Fees: legal
total $19,091 · management and general $19,091
-
11c · Fees: accounting
total $76,237 · management and general $76,237
-
11f · Fees: investment management
total $90,414 · management and general $90,414
-
11g · Fees: other
total $361,867 · program services $98,990 · management and general $248,905 · fundraising $13,972
-
12 · Advertising and promotion
total $72,875 · program services $225 · fundraising $72,650
-
13 · Office expenses
total $315,856 · program services $117,085 · management and general $50,140 · fundraising $148,631
-
16 · Occupancy
total $124,950 · program services $62,948 · management and general $62,002
-
17 · Travel
total $12,592 · program services $6,331 · management and general $3,830 · fundraising $2,431
-
22 · Depreciation, depletion and amortization
total $316,429 · program services $265,800 · management and general $50,629
-
23 · Insurance
total $131,887 · program services $112,080 · management and general $19,807
-
24a · Other expenses: MAINTENANCE AND REPAIRS
total $271,841 · program services $247,917 · management and general $23,785 · fundraising $139
-
24b · Other expenses: EVENTS
total $57,763 · program services $7,455 · management and general $6,740 · fundraising $43,568
-
24c · Other expenses: CRANBERRY INVENTORY
total $27,644 · program services $27,644
-
24d · Other expenses: MISC.
total $3,948 · management and general $3,948
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,405,130 · end of year $881,500
-
3 · Pledges and grants receivable
beginning of year $2,086,722 · end of year $2,512,218
-
4 · Accounts receivable
beginning of year $31,188 · end of year $0
-
5 · Loans and receivables from officers and key people
beginning of year $466,742 · end of year $466,742
-
9 · Prepaid expenses and deferred charges
beginning of year $39,914 · end of year $45,960
-
10a · Land, buildings and equipment: cost or other basis
$126,886,351
-
10b · Land, buildings and equipment: accumulated depreciation
$3,009,671
-
10c · Land, buildings and equipment, net
beginning of year $124,837,540 · end of year $123,876,680
-
11 · Investments: publicly traded securities
beginning of year $22,957,450 · end of year $24,242,913
-
17 · Accounts payable and accrued expenses
beginning of year $94,684 · end of year $130,478
-
23 · Secured mortgages and notes payable
beginning of year $3,000,000 · end of year $0
-
25 · Other liabilities
beginning of year $108,031 · end of year $97,048
-
27 · Net assets without donor restrictions
beginning of year $134,361,396 · end of year $137,493,992
-
28 · Net assets with donor restrictions
beginning of year $14,260,575 · end of year $14,304,495
Mission and programs · 2022
Mission
THE MISSION OF NANTUCKET CONSERVATION FOUNDATION, INC. IS TO ASSIST IN THE PRESERVATION OF NANTUCKET'S CHARACTER BY CONSERVING, MAINTAINING, AND MANAGING NATURAL AREAS AND TO ENCOURAGE AN APPRECIATION OF THE ISLAND'S NATURAL RESOURCES.
Activities or mission (Part I)
LAND CONSERVATION IN NANTUCKET, MASSACHUSETTS
-
LAND MANAGEMENT: MAINTAINING OVER 9,000 ACRES OF OPEN SPACE, TRAILS SYSTEMS AND BEACHES FOR VISITORS TO ENJOY.
Expenses $1,653,385 · Revenue $2,326,795
-
SCIENCE AND STEWARDSHIP: DEVELOPING AND IMPLEMENTING RESOURCE INVENTORY PLANS FOR ALL NCF PROPERTIES.
Expenses $687,150
-
WILDFIRE PROGRAM: A PROGRAM TO PREVENT WILDFIRE PROLIFERATION ON NCF PROPERTIES; DEVELOP AND IMPLEMENT EXTENSIVE AREA FIREBREAK MOWING.
Expenses $945
As filed on the 2022 return.
Listed in Part VII
-
ARTHUR A GOSNELL
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
JOHN G MACFARLANE III
VICE CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
CHARLES K GIFFORD JR
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
MARIANNE R STANTON
CLERK
- Total calculated
- $0
- Hours/week
- 1
-
LUCINDA YOUNG
ASSISTANT CLERK
- Total calculated
- $0
- Hours/week
- 1
-
TODD M KNUTSON
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
JOHN M CATHEY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
DAVID A CHAMPOUX
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
KATIE KEITH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
ISABELLE P LORING
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
BONNIE MCCAUSLAND
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
DIANE PEARL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
ANN B OLIVER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
DAVID RATNER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
MARY WEST
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
PRESCOTT D STEWART
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
DR GEOFFREY TRUSSELL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
PATRICK S WAYLAND
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
MARCIA D WEBER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
LINDSEY GUND
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
STEPHEN BARTRAM
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
RICK ULMER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
LAURA HANSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
DAPHNE MITCHELL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
CORMAC COLLIER
PRESIDENT AND CEO
- Total calculated
- $241,936
- From this org
- $211,149
- From related orgs
- $0
- Other
- $30,787
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $211,149
- Bonus
- $0
- Other
- $0
- Deferred
- $10,546
- Nontaxable benefits
- $20,241
- Filer's total
- $241,936
-
JEFFREY COAKLEY
DIRECTOR OF DONOR RELATIONS
- Total calculated
- $120,034
- From this org
- $107,788
- From related orgs
- $0
- Other
- $12,246
- Hours/week
- 40
-
KAREN C BEATTIE
VICE PRES. SCIENCE & STEWARDSHIP
- Total calculated
- $187,625
- From this org
- $139,152
- From related orgs
- $0
- Other
- $48,473
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $139,152
- Bonus
- $0
- Other
- $0
- Deferred
- $20,020
- Nontaxable benefits
- $28,453
- Filer's total
- $187,625
-
JENNIFER KARBERG
DIRECTOR RESEARCH & PARTNERSHIPS
- Total calculated
- $149,869
- From this org
- $115,739
- From related orgs
- $0
- Other
- $34,130
- Hours/week
- 40
-
RICHARD MACK
PROPERTIES MANAGER
- Total calculated
- $127,362
- From this org
- $101,825
- From related orgs
- $0
- Other
- $25,537
- 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 · 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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202333199349302938
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