Nantucket Conservation Foundation Inc
- Assets
- $151.8m
- Revenue
- $12.8m
- Investments
- $0.0
- Employees
- 22
- Location
- Nantucket, MA
- Founding
- 12/1964
- Data as of
- 12/2021
- EIN
- 04-2373794
Organization Overview
Nantucket Conservation Foundation Inc is located in Nantucket, MA. The organization was established in 1964. According to its NTEE Classification (C30) the organization is classified as: Natural Resources Conservation & Protection, under the broad grouping of Environment and related organizations. As of 12/2021, Nantucket Conservation Foundation Inc employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nantucket Conservation Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Nantucket Conservation Foundation Inc generated $12.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.5% each year . All expenses for the organization totaled $3.6m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
LAND CONSERVATION IN NANTUCKET, MASSACHUSETTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
LAND MANAGEMENT: MAINTAINING OVER 9,000 ACRES OF OPEN SPACE, TRAILS SYSTEMS AND BEACHES FOR VISITORS TO ENJOY.
SCIENCE AND STEWARDSHIP: DEVELOPING AND IMPLEMENTING RESOURCE INVENTORY PLANS FOR ALL NCF PROPERTIES.
WILDFIRE PROGRAM: A PROGRAM TO PREVENT WILDFIRE PROLIFERATION ON NCF PROPERTIES; DEVELOP AND IMPLEMENT EXTENSIVE AREA FIREBREAK MOWING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cormac Collier President And CEO | Officer | 40 | $221,055 |
Traci Finnerty Fmr. Dir. Of Finance | Officer | 40 | $139,616 |
Karen C Beattie Dir. Of Science | 40 | $127,251 | |
Christopher Iller Dir. Land Mgmt. | 40 | $106,027 | |
Jennifer Karberg Research Program Supervisor | 40 | $105,640 | |
Grace Hull Dir. Of Marketing | 40 | $103,392 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,672,531 |
| Fundraising events | $44,232 |
| Related organizations | $0 |
| Government grants | $200,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,210,583 |
| Noncash contributions included in lines 1a–1f | $3,440,200 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,127,346 |
| Total Program Service Revenue | $164,027 |
| Investment income | $176,946 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $109,445 |
| Net Gain/Loss on Asset Sales | $227,917 |
| Net Income from Fundraising Events | -$29,542 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,776,139 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $221,055 |
| Compensation of current officers, directors, key employees. | $44,211 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,389,360 |
| Pension plan accruals and contributions | $52,980 |
| Other employee benefits | $282,136 |
| Payroll taxes | $140,418 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $35,026 |
| Fees for services: Accounting | $42,847 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $48,748 |
| Fees for services: Other | $257,414 |
| Advertising and promotion | $50,544 |
| Office expenses | $219,774 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $97,889 |
| Travel | $9,945 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $332,679 |
| Insurance | $125,488 |
| All other expenses | $0 |
| Total functional expenses | $3,567,148 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,405,130 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,086,722 |
| Accounts receivable, net | $31,188 |
| Loans from Officers, Directors, or Controlling Persons | $466,742 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $39,914 |
| Net Land, buildings, and equipment | $124,837,540 |
| Investments—publicly traded securities | $22,957,450 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $151,824,686 |
| Accounts payable and accrued expenses | $94,684 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $3,000,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $108,031 |
| Total liabilities | $3,202,715 |
| Net assets without donor restrictions | $134,361,396 |
| Net assets with donor restrictions | $14,260,575 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $151,824,686 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Nantucket Conservation Foundation Inc has recieved totaling $55,600.
| Awarding Organization | Amount |
|---|---|
Bruce And Deborah Duncan Foundation Naples, FL PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $30,000 |
Warwick Foundation Northfield, IL PURPOSE: GENERAL FUNDS | $10,000 |
Penske Foundation Inc Bloomfield Hills, MI PURPOSE: GENERAL | $10,000 |
Schaeffer-Phillips Foundation Inc Darien, CT PURPOSE: COMMUNITY | $2,000 |
Mountain Laurel Foundation Wilmington, DE PURPOSE: GENERAL PURPOSE | $2,000 |
Judith B Phelan And Richard S Phelan Fam Foundation Inc Germantown, NY PURPOSE: GENERAL PURPOSE | $1,500 |
Endowment Analysis
| Beg. Balance | $13,745,317 |
| Earnings | $1,365,221 |
| Other Expense | $322,236 |
| Ending Balance | $14,788,302 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sustainable Markets Foundation New York, NY | $17,976,931 | $19,381,628 |
Only One Inc New York, NY | $3,262,058 | $9,834,103 |
Cec Stuyvesant Cove Inc Long Island City, NY | $4,789,679 | $6,047,317 |
Wildlife Management Institute Inc Cabot, VT | $3,841,271 | $5,821,824 |
The Connecticut Audubon Society Incorporated Fairfield, CT | $62,592,543 | $6,801,215 |
Mothers Out Front Inc Cambridge, MA | $3,902,382 | $3,274,134 |
Nantucket Conservation Foundation Inc Nantucket, MA | $151,824,686 | $12,776,139 |
Audubon Society Of Rhode Island Smithfield, RI | $39,462,013 | $5,117,165 |
American Society For The Protection Of Nature Israel Inc New York, NY | $437,688 | $3,144,160 |
Guanacaste Dry Forest Conservation Fund Huntington, VT | $19,091,340 | $3,460,477 |
Natural Areas Conservancy Inc New York, NY | $5,460,471 | $2,307,893 |
Years Project Inc Melville, NY | $2,975,303 | $1,381,607 |