Castanea Foundation Inc
- Assets
- $0.0
- Revenue
- $91.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Montpelier, VT
- Founding
- 12/2005
- Data as of
- 03/2020
- EIN
- 20-2727759
Organization Overview
Castanea Foundation Inc is located in Montpelier, VT. The organization was established in 2005. According to its NTEE Classification (C34) the organization is classified as: Land Resources Conservation, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Castanea 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 03/2020, Castanea Foundation Inc generated $91.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (36.8%) each year. All expenses for the organization totaled $370.0k during the year ending 03/2020. 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
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
CASTANEA HAS BEEN ORGANIZED AND IS OPERATED TO FURTHER CHARITABLE, EDUCATIONAL, AND OTHER EXEMPT PURPOSES INCLUDING (I) RESEARCHING AND DEVELOPING SOLUTIONS TO PROTECT THE ENVIRONMENT; (II) PRESERVING, PROTECTING, AND ENHANCING LAND IN ITS NATURAL, SCENIC, HISTORIC, AGRICULTURAL, FORESTED, OR OPEN-SPACE CONDITION; (III) CONSERVING AND PROTECTING ECOLOGICALLY SIGNIFICANT LANDS BY SUPPORTING SUSTAINABLE LAND USE; (IV) EDUCATING THE PUBLIC ON THE BENEFITS OF ENVIRONMENTAL PROTECTION, CONSERVATION, AND THE PRESERVATION OF LAND AND OTHER NATURAL RESOURCES; (V) FOSTERING RURAL ECONOMIC DEVELOPMENT OPPORTUNITIES, SUPPORTING VOCATIONAL TRAINING, AND PROVIDING EMPLOYMENT TO AT-RISK WORKERS THEREBY REDUCING THE SOCIAL SERVICE BURDENS OF GOVERNMENT; AND, (VI) INVESTING IN OR MAKING GRANTS TO ENTERPRISES THAT FURTHER ONE OR MORE OF THE FOREGOING TAX-EXEMPT PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wallace Tapia Secretary | 2 | $0 | |
Austin D Hart Treasurer | 2 | $0 | |
Megan Camp President | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dinse Knapp & Mcandrew Pc | 3/30/20 | $63,209 |
Dinse Knapp & Mcandrew Pc | 3/30/20 | $63,209 |
Dinse Knapp & Mcandrew Pc | 3/30/20 | $63,209 |
Development Cycles | 3/30/20 | $58,131 |
Development Cycles | 3/30/20 | $58,131 |
Development Cycles | 3/30/20 | $58,131 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $24,020 |
| Dividends & Interest | $10,697 |
| Profit on Inventory Sales | $0 |
| Other Income | $56,884 |
| Total Revenue | $91,601 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Pension plans, employee benefits | $2,287 |
| Depreciation | $423 |
| Occupancy | $4,345 |
| Travel, conferences, and meetings | $14,653 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $269,023 |
| Contributions, gifts, grants paid | $101,000 |
| Total expenses and disbursements | $370,023 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $189,984 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Other assets | $2,958,203 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Castanea Foundation Inc has awarded $20,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
NORTHEAST KINGDOM INFORMATION ASSOCIATES PURPOSE: GENERAL OPERATING SUPPORT | $15,000 |
JONESLAN FARM PURPOSE: GENERAL OPERATING SUPPORT | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Trustees Of Reservations Boston, MA | $373,027,910 | $79,907,362 |
Open Space Institute Land Trust Inc New York, NY | $354,809,473 | $44,215,127 |
Vermont Land Trust Inc Montpelier, VT | $53,999,994 | $16,703,041 |
Scenic Hudson Land Trust Inc Poughkeepsie, NY | $274,968,472 | $12,546,398 |
Peconic Land Trust Incorporated Southampton, NY | $410,120,179 | $28,476,857 |
Mohonk Preserve Inc Gardiner, NY | $30,184,686 | $5,297,527 |
Agricultural Stewardship Association Greenwich, NY | $3,423,343 | $3,521,538 |
The Finger Lakes Land Trust Inc Ithaca, NY | $33,932,196 | $4,821,991 |
Essex County Green Belt Association Inc Essex, MA | $63,698,611 | $7,120,409 |
Dutchess Land Conservancy Inc Millbrook, NY | $16,962,205 | $4,488,618 |
Adirondack Council Inc Elizabethtown, NY | $8,899,831 | $2,663,124 |
Columbia Land Conservancy Inc Chatham, NY | $23,284,051 | $2,528,092 |