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Nonprofiteer
← THE AMERICAN CHESTNUT FOUNDATION

Form 990 for tax year 2024

Filed by THE AMERICAN CHESTNUT FOUNDATION.

Totals

Total revenue
$3,881,634
Total expenses
$3,892,850
Contributions and grants received
$3,336,543
Grants paid
$354,006
Program service revenue
$0
Investment income
$437,309
Other revenue
$107,782
Total assets, end of year
$10,700,404
Total liabilities, end of year
$779,960
Net assets or fund balances, end of year
$9,920,444
Program services expenses (Part IX)
$3,210,850
Management and general expenses
$601,794
Fundraising expenses
$80,206
Program service expenses (Part III)
$3,210,850

Program services were 82.5% 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

    $454,981

  • 1e · Government grants (contributions)

    $42,978

  • 1f · All other contributions, gifts and grants

    $2,838,584

  • 1g · Noncash contributions included above

    $39,782

  • 3 · Investment income

    total $138,966 · excluded $138,966

  • 7a · Gross sales of assets other than inventory

    securities $940,324 · other assets $21,631

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

    securities $663,612

  • 7c · Gain or loss

    securities $276,712 · other assets $21,631

  • 7d · Net gain or loss

    total $298,343 · related or exempt -$10,632 · excluded $276,712

  • 10a · Gross sales of inventory

    $56,421

  • 10c · Net income from sales of inventory

    total $56,421 · excluded $56,421

  • 11a · Other revenue: OTHER INCOME

    total $51,361 · excluded $51,361

  • 11e · Other revenue, total

    $51,361

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $354,006 · program services $354,006

  • 5 · Compensation of officers, directors and key employees

    total $314,448 · program services $252,032 · management and general $47,016 · fundraising $15,400

  • 7 · Other salaries and wages

    total $1,592,842 · program services $1,495,570 · management and general $72,954 · fundraising $24,318

  • 8 · Pension plan contributions

    total $35,405 · program services $32,449 · management and general $2,217 · fundraising $739

  • 9 · Other employee benefits

    total $155,019 · program services $147,536 · management and general $5,408 · fundraising $2,075

  • 10 · Payroll taxes

    total $151,434 · program services $143,278 · management and general $6,117 · fundraising $2,039

  • 11b · Fees: legal

    total $53,345 · management and general $53,345

  • 11c · Fees: accounting

    total $21,483 · management and general $21,483

  • 11g · Fees: other

    total $151,180 · program services $88,789 · management and general $59,991 · fundraising $2,400

  • 12 · Advertising and promotion

    total $54,225 · program services $46,662 · fundraising $7,563

  • 13 · Office expenses

    total $256,095 · program services $187,779 · management and general $61,362 · fundraising $6,954

  • 16 · Occupancy

    total $98,738 · program services $29,538 · management and general $69,200

  • 17 · Travel

    total $96,786 · program services $39,536 · management and general $56,462 · fundraising $788

  • 19 · Conferences, conventions and meetings

    total $67,520 · program services $3,388 · management and general $63,350 · fundraising $782

  • 22 · Depreciation, depletion and amortization

    total $153,010 · program services $143,257 · management and general $7,315 · fundraising $2,438

  • 23 · Insurance

    total $13,083 · program services $9,422 · management and general $3,661

  • 24a · Other expenses: RESEARCH

    total $161,050 · program services $161,050

  • 24b · Other expenses: OTHER EXPENSES

    total $96,552 · program services $9,929 · management and general $71,913 · fundraising $14,710

  • 24c · Other expenses: CHAPTER DUES SHARE

    total $65,160 · program services $65,160

  • 24d · Other expenses: PLUG

    total $1,469 · program services $1,469

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $337,192 · end of year $466,441

  • 2 · Savings and temporary cash investments

    beginning of year $1,049,357 · end of year $1,757,322

  • 3 · Pledges and grants receivable

    beginning of year $260,000 · end of year $105,000

  • 8 · Inventories for sale or use

    beginning of year $803 · end of year $6,828

  • 9 · Prepaid expenses and deferred charges

    beginning of year $41,706 · end of year $42,833

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

    $3,393,986

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

    $1,036,228

  • 10c · Land, buildings and equipment, net

    beginning of year $1,988,686 · end of year $2,357,758

  • 11 · Investments: publicly traded securities

    beginning of year $5,931,918 · end of year $5,799,943

  • 14 · Intangible assets

    beginning of year $145,793 · end of year $119,583

  • 15 · Other assets

    beginning of year $188,206 · end of year $44,696

  • 17 · Accounts payable and accrued expenses

    beginning of year $334,148 · end of year $374,407

  • 21 · Escrow or custodial account liability

    beginning of year $264,008 · end of year $275,788

  • 22 · Loans and payables to officers and key people

    end of year $83,954

  • 23 · Secured mortgages and notes payable

    beginning of year $2,252 · end of year $477

  • 25 · Other liabilities

    beginning of year $89,607 · end of year $45,334

  • 27 · Net assets without donor restrictions

    beginning of year $8,742,055 · end of year $9,377,863

  • 28 · Net assets with donor restrictions

    beginning of year $511,591 · end of year $542,581

Mission and programs · 2024

Mission

TO RETURN THE ICONIC AMERICAN CHESTNUT TO ITS NATIVE RANGE.

Activities or mission (Part I)

RESTORATION OF THE AMERICAN CHESTNUT TREE

  • CONTINUED RESEARCH BY INTEGRATING THREE MAJOR RESEARCH TRACKS INCLUDING: BREEDING, BIO-CONTROL, AND BIOTECHNOLOGY. EACH OF THESE APPROACHES HOLDS KEYS TO THE FUTURE OF THE SPECIES' RECOVERY, AND THE FOUNDATION IS COMMITTED TO SCIENTIFIC COLLABORATION AND ECOLOGICAL RESTORATION OF THE AMERICAN CHESTNUT AT SCALE.

    Expenses $3,210,850 · Grants $354,006

As filed on the 2024 return.

Listed in Part VII

  • Dr Elizabeth Kramer

    CHAIR

    Total calculated
    $0
    Hours/week
    15

  • Dr John Scrivani

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    15

  • James Searing

    SECRETARY/TR

    Total calculated
    $0
    Hours/week
    15

  • Anna Sproul-Latimer

    PROMO/OUTREA

    Total calculated
    $0
    Hours/week
    5

  • Dr Dennis Liu

    SCIENCE/TECH

    Total calculated
    $0
    Hours/week
    5

  • Betty Allison

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Stephen Black

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Rebecca Carter

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Dr Martin Cipollini

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • William J Cude III

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Dr Deborah Delmer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Catherine Novelli

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Dr Jeanne Romero-Severson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Jack Swatt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Barbara Tormoehlen

    DIRECTOR THR

    Total calculated
    $0
    Hours/week
    5

  • William C Pitt PhD

    PRES/CEO THR

    Total calculated
    $218,964
    From this org
    $218,325
    From related orgs
    $0
    Other
    $639
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $218,325
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $639
    Filer's total
    $218,964

  • Bruce Levine

    INTERIM CEO

    Total calculated
    $0
    Hours/week
    1

  • Michael Goergen

    PRESIDENT/CE

    Total calculated
    $0
    Hours/week
    40

  • Shaomin Li

    CONTROLLER T

    Total calculated
    $80,958
    From this org
    $72,959
    From related orgs
    $0
    Other
    $7,999
    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 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 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

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2024
Filed
15 May 2026
IRS schema version
2024v5.0
Source object
202601289349301230

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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