Highstead Foundation Inc
- Assets
- $4.8m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Redding, CT
- Founding
- 03/1985
- Data as of
- 06/2023
- 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 06/2023, Highstead Foundation Inc generated $2.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $2.3m during the year ending 06/2023. While expenses have increased by 4.8% per year over the past 7 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.
Since 2020, Highstead Foundation Inc has awarded 13 individual grants totaling $1,381,967. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
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
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,473,969 |
| Interest on Savings | $46,491 |
| 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 | $2,520,460 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $266,938 |
| Other employee salaries and wages | $828,620 |
| Pension plans, employee benefits | $217,829 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $46,306 |
| Occupancy | $9,771 |
| Travel, conferences, and meetings | $11,899 |
| Printing and publications | $0 |
| Other expenses | $497,463 |
| Total operating and administrative expenses | $1,894,836 |
| Contributions, gifts, grants paid | $420,329 |
| Total expenses and disbursements | $2,315,165 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $340,110 |
| Savings and temporary cash investments | $1,949,652 |
| 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 | $2,495,312 |
| Other assets | $0 |
| Total assets | $4,785,074 |
| 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 | $2,793 |
| Total liabilities | $2,793 |
Grants Awarded
Over the last fiscal year, Highstead Foundation Inc has awarded $420,329 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSTIY OF MASSACHUSETTS AMHERST PURPOSE: SUPPORT RESEARCH ON FAMILY FOREST OWNED LAND | $29,996 |
UNIVERSITY SYSTEM OF NEW HAMPSHIRE PURPOSE: SUPPORT POLICY RESEARCH | $90,000 |
NORWALK RIVER WATERSHED ASSOCIATION PURPOSE: RESTORATION OF POLLINATOR PATHWAYS | $20,019 |
HARVARD FOREST PURPOSE: RESEARCH AND COMMUNICATIONS SUPPORT FOR WILDLANDS AND WOODLANDS. | $254,140 |
LINCOLN INSTITUTE OF LAND POLICY PURPOSE: SUPPORT STAFFING AND PROGRAMMING FOR ACADEMICS FOR LAND PROTECTION IN THE NORTHEAST (ALPINE). | $16,174 |
YALE UNIVERSITY PRESS PURPOSE: PUBLICATION REGARDING HISTORY OF NATURAL AND HUMAN COMMUNITIES IN NORTHERN NEW ENGLAND | $10,000 |