Linda Loring Nature Foundation Inc
- Assets
- $47.7m
- Revenue
- $1.5m
- Investments
- $26.6m
- Employees
- 0
- Location
- Nantucket, MA
- Founding
- 02/2002
- Data as of
- 12/2023
- EIN
- 04-3496738
Organization Overview
Linda Loring Nature Foundation Inc is located in Nantucket, MA. The organization was established in 2002. According to its NTEE Classification (N20) the organization is classified as: Camps, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Linda Loring Nature 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 12/2023, Linda Loring Nature Foundation Inc generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 16.7% each year . All expenses for the organization totaled $1.3m during the year ending 12/2023. While expenses have increased by 12.1% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO IMPROVE THE UNDERSTANDING AND APPRECIATION OF NANTUCKET'S FLORA, FAUNA AND WILDLIFE BY PROVIDING EDUCATION AND INFORMATION TO THE GENERAL PUBLIC THROUGH A NATURE CENTER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Drake President | 1 | $0 | |
Gregory Mckechnie Vice President | 1 | $0 | |
Duncan Macallister Treasurer | 1 | $0 | |
Richard Beaudette Clerk | 1 | $0 | |
Leah Cabral Director | 1 | $0 | |
Tamara Greenman Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $162,179 |
| Interest on Savings | $115,477 |
| Dividends & Interest | $409,375 |
| Net Rental Income | $80,554 |
| Net Gain on Sale of Assets | $757,894 |
| Capital Gain Net Income | $757,894 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,525,479 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $140,125 |
| Other employee salaries and wages | $402,565 |
| Pension plans, employee benefits | $82,893 |
| Interest | $0 |
| Taxes | $63,731 |
| Depreciation | $73,999 |
| Occupancy | $132,322 |
| Travel, conferences, and meetings | $18,414 |
| Printing and publications | $0 |
| Other expenses | $288,769 |
| Total operating and administrative expenses | $1,310,626 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $1,310,626 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $228,464 |
| Savings and temporary cash investments | $545,835 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $48,122 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $27,654 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $26,593,136 |
| Net Land, buildings, and equipment | $20,237,978 |
| Other assets | $0 |
| Total assets | $47,681,189 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $1,249,743 |
| Total liabilities | $1,249,743 |