Highstead Foundation Inc
- Assets
- $4.6m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Redding, CT
- Founding
- 03/1985
- Data as of
- 06/2022
- EIN
- 06-1108612
Organization Overview
Highstead Foundation Inc is located in Redding, CT. The organization was established in 1985. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Highstead 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 06/2022, Highstead Foundation Inc generated $2.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $2.3m during the year ending 06/2022. While expenses have increased by 5.5% per year over the past 6 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION WAS ESTABLISHED IN 1985 TO OWN, MANAGE & CONSERVE THE HIGHSTEAD ARBORETUM, WHICH CONSISTS OF MORE THAN 100 DEEDED ACRES AND BUILDINGS IN REDDING, CT. THE FOUNDATION ALSO MAKES OCCASIONAL GRANTS TO ECOLOGICAL, CONSERVATION, HORTICULTURAL, & OTHER ORGANIZATIONS TO FURTHER RESEARCH, EDUCATION, & CONSERVATION ACTIVITIES IN FIELDS RELATED TO LAND CONSERVATION & ECOLOGY. THE EMPHASIS OF HIGHSTEAD HAS BEEN ON THE DEVELOPMENT OF INFRASTRUCTURE, PROGRAMS, & THE LANDSCAPE AS A CENTER FOR RESEARCH & EDUCATION & FOR HOSTING PROGRAMS THAT PROMOTE THE CONSERVATION OF NATURAL & CULTURAL LANDSCAPES. BROAD DEVELOPMENTS HAVE INCLUDED THE CONSTRUCTION OF A HEADQUARTERS & TRAIL INFRASTRUCTURE TO ALLOW FOR ECOLOGICAL EXPERIMENTS, LONG-TERM STUDIES, & DEMONSTRATION AREAS FOR THE VISITING PUBLIC. THE FOUNDATION HAS FACILITATED THE ADVANCEMENT OF COLLABORATIVE LANDSCAPE THROUGH SCIENCE, SOUND STEWARDSHIP, & COLLABORATION WITH DIVERSE PARTNERS TO ACHIEVE THE WILDLANDS & WOODLANDS VISION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David R Foster Director | 1 | $128,803 | |
George W Elkins Director, Executive Director | 40 | $127,044 | |
Jeanne Ammermuller Director Strategic C | 40 | $117,750 | |
William G Labich Senior Conservationi | 40 | $110,209 | |
Edward Faison Senior Ecologist | 40 | $87,412 | |
Kathleen Kitka Landscape & Collecti | 40 | $78,517 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,885,938 |
| Interest on Savings | $371 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,886,309 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $261,439 |
| Other employee salaries and wages | $912,627 |
| Pension plans, employee benefits | $234,694 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $46,306 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $11,452 |
| Printing and publications | $0 |
| Other expenses | $487,761 |
| Total operating and administrative expenses | $1,987,135 |
| Contributions, gifts, grants paid | $321,235 |
| Total expenses and disbursements | $2,308,370 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $204,779 |
| Savings and temporary cash investments | $1,824,730 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $2,541,618 |
| Other assets | $5,859 |
| Total assets | $4,576,986 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Highstead Foundation Inc has awarded $321,235 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
HARVARD FOREST PURPOSE: RESEARCH AND COMMUNICATIONS SUPPORT FOR WILDLANDS AND WOODLANDS. | $241,235 |
Phoenix, AZ PURPOSE: SUPPORT STAFFING AND PROGRAMMING FOR ACADEMICS FOR LAND PROTECTION IN THE NORTHEAST (ALPINE). | $70,000 |
CITY OF NORWALK DEPARTMENT OF PUBLIC WORKS PURPOSE: STREET TREE PLANTING IN THE CITY | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Highstead Foundation Inc has recieved totaling $59,839.
| Awarding Organization | Amount |
|---|---|
United States Endowment Forforestry And Communities Inc Greenville, SC PURPOSE: HEALTHY WATERSHED CONSORTIUM | $54,839 |
Living Springs Foundation Minneapolis, MN PURPOSE: SUPPORT US FOREST SERVICE PROJECT, 3 OF 3 PLEDGE | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John R Oishei Foundation Buffalo, NY | $294,151,477 | $18,357,929 |
American Express Foundation New York, NY | $66,234,265 | $62,922,703 |
Essel Foundation Inc Purchase, NY | $100,106,056 | $12,292,478 |
Beth And Ravenel Curry Foundation New York, NY | $0 | $44,744,046 |
Kz Family Foundation New York, NY | $10,936,301 | $30,139,672 |
The Freeman Foundation P-01644-00-7 New York, NY | $343,405,683 | $35,941,951 |
Hearst Foundation Inc New York, NY | $439,249,947 | $42,040,987 |
Tansy Charitable Foundation New York, NY | $325,076,608 | $77,631,295 |
Eastern Bank Charitable Foundation Lynn, MA | $286,575,476 | $18,352,628 |
G Harold And Leila Mathers Charitable Foundation Rye Brook, NY | $96,045,942 | $16,941,265 |
Elms Foundation Providence, RI | $0 | -$22,907 |
Thomas L Kempner Jr Foundation Inc Southampton, NY | $328,355,645 | $44,754,721 |