Nantucket Conservation Foundation Inc
- Assets
- $165.5m
- Revenue
- $16.2m
- Investments
- $17.7m
- Employees
- 26
- Location
- Nantucket, MA
- Founding
- 12/1964
- Data as of
- 12/2023
- 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 12/2023, Nantucket Conservation Foundation Inc employed 26 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 12/2023, Nantucket Conservation Foundation Inc generated $16.2m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 16.0% each year . All expenses for the organization totaled $4.3m during the year ending 12/2023. 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
2023
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 |
|---|---|---|---|
Ande Grennan Trustee | Trustee | 1 | $0 |
John G Macfarlane III Chair | OfficerTrustee | 1 | $0 |
Charles K Gifford Jr Treasurer | OfficerTrustee | 1 | $0 |
Marianne R Stanton Clerk | OfficerTrustee | 1 | $0 |
Lucinda Young Secretary | OfficerTrustee | 1 | $0 |
Todd M Knutson Vice Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,250,648 |
| Fundraising events | $956,268 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,221,127 |
| Noncash contributions included in lines 1a–1f | $6,310,476 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,428,043 |
| Total Program Service Revenue | $182,696 |
| Investment income | $762,195 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $76,607 |
| Net Gain/Loss on Asset Sales | $1,641,620 |
| Net Income from Fundraising Events | $89,228 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,182,389 |
| 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. | $230,000 |
| Compensation of current officers, directors, key employees. | $46,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,377,233 |
| Pension plan accruals and contributions | $52,609 |
| Other employee benefits | $253,385 |
| Payroll taxes | $126,879 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $73,837 |
| Fees for services: Accounting | $72,593 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $135,482 |
| Fees for services: Other | $441,484 |
| Advertising and promotion | $95,868 |
| Office expenses | $353,162 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $109,463 |
| Travel | $86,611 |
| 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 | $306,166 |
| Insurance | $135,195 |
| All other expenses | $0 |
| Total functional expenses | $4,254,613 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,074,572 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $3,505,876 |
| Accounts receivable, net | $40,586 |
| 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 | $42,527 |
| Net Land, buildings, and equipment | $130,554,637 |
| Investments—publicly traded securities | $12,139,459 |
| Investments—other securities | $17,672,845 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $165,497,244 |
| Accounts payable and accrued expenses | $303,679 |
| Grants payable | $0 |
| Deferred revenue | $500,000 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $110,463 |
| Total liabilities | $914,142 |
| Net assets without donor restrictions | $147,469,407 |
| Net assets with donor restrictions | $17,113,695 |
| 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 | $165,497,244 |