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← BUILDING CONSERVATION TRUST

Form 990 for tax year 2023

Filed by BUILDING CONSERVATION TRUST.

Totals

Total revenue
$489,214
Total expenses
$499,273
Contributions and grants received
$488,378
Grants paid
$147,500
Program service revenue
$1,750
Investment income
$72,978
Other revenue
-$73,892
Total assets, end of year
$4,632,534
Total liabilities, end of year
$104,858
Net assets or fund balances, end of year
$4,527,676
Program services expenses (Part IX)
$467,356
Management and general expenses
$31,917
Fundraising expenses
$0
Program service expenses (Part III)
$467,356

Program services were 93.6% 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

    $41,872

  • 1f · All other contributions, gifts and grants

    $446,506

  • 2a · Program service revenue: OTHER REVENUE

    total $1,750 · related or exempt $1,750

  • 3 · Investment income

    total $72,673 · excluded $72,673

  • 7a · Gross sales of assets other than inventory

    securities $9,969

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

    securities $9,664

  • 7c · Gain or loss

    securities $305

  • 7d · Net gain or loss

    total $305 · excluded $305

  • 8a · Fundraising events: gross income

    $34,783

  • 8b · Fundraising events: direct expenses

    $8,675

  • 8c · Net income from fundraising events

    total $26,108 · excluded $26,108

  • 11a · Other revenue: ADJUSTMENT PRIOR YEAR

    total -$100,000 · related or exempt -$100,000

  • 11e · Other revenue, total

    -$100,000

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $147,500 · program services $147,500

  • 7 · Other salaries and wages

    total $110,705 · program services $86,424 · management and general $24,281

  • 11c · Fees: accounting

    total $6,180 · management and general $6,180

  • 13 · Office expenses

    total $99 · management and general $99

  • 16 · Occupancy

    total $67 · program services $67

  • 19 · Conferences, conventions and meetings

    total $23,550 · program services $23,550

  • 22 · Depreciation, depletion and amortization

    total $19 · management and general $19

  • 24a · Other expenses: CONSERVATION PROJECTS

    total $205,950 · program services $205,950

  • 24b · Other expenses: MEMBERSHIP

    total $3,865 · program services $3,865

  • 24c · Other expenses: BANK FEES

    total $1,106 · management and general $1,106

  • 24d · Other expenses: DELIVERY EXPENSE

    total $232 · management and general $232

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,545,726 · end of year $4,585,501

  • 2 · Savings and temporary cash investments

    beginning of year $1,065 · end of year $1,061

  • 4 · Accounts receivable

    beginning of year $110,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $13,325 · end of year $4,100

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

    $16,374

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

    $16,374

  • 10c · Land, buildings and equipment, net

    beginning of year $19 · end of year $0

  • 15 · Other assets

    beginning of year $133,012 · end of year $41,872

  • 17 · Accounts payable and accrued expenses

    beginning of year $45,550 · end of year $4,600

  • 19 · Deferred revenue

    beginning of year $10,000

  • 25 · Other liabilities

    beginning of year $209,861 · end of year $100,258

  • 27 · Net assets without donor restrictions

    beginning of year $575,651 · end of year $670,962

  • 28 · Net assets with donor restrictions

    beginning of year $3,962,085 · end of year $3,856,714

Mission and programs · 2023

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 $467,356 · Grants $147,500

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

Listed in Part VII

  • Patrick Murray

    PRESIDENT

    Total calculated
    $401,774
    From this org
    $79,549
    From related orgs
    $299,253
    Other
    $22,972
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $63,668 + $239,512 related
    Bonus
    $15,750 + $59,250 related
    Other
    $131 + $491 related
    Deferred
    $0
    Nontaxable benefits
    $4,824 + $18,148 related
    Filer's total
    $84,373 + $317,401 related

  • Bob Hayes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Casey Shedd

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Charlie Caplinger

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Dave Pfeiffer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Henry Hager

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • John Carlson

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Kristen Faleski

    TREASURER

    Total calculated
    $247,569
    From this org
    $0
    From related orgs
    $227,728
    Other
    $19,841
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $167,106 related
    Bonus
    $0 + $60,000 related
    Other
    $0 + $622 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $19,841 related
    Filer's total
    $0 + $247,569 related

  • Mark Hobbs

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Mark Ray

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Mitch Brownlee

    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

  • Theodore Venker

    DIRECTOR

    Total calculated
    $248,230
    From this org
    $0
    From related orgs
    $227,728
    Other
    $20,502
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $167,106 related
    Bonus
    $0 + $60,000 related
    Other
    $0 + $622 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $20,502 related
    Filer's total
    $0 + $248,230 related

  • Will Harte

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Bruce Culpepper

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Will Ohmstede

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Kevin McMahon

    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
2023
Filed
9 September 2024
IRS schema version
2023v5.1
Source object
202422869349300717

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