Natural Heritage Trust
- Assets
- $68.3m
- Revenue
- $23.9m
- Investments
- $41.9m
- Employees
- 74
- Location
- Albany, NY
- Founding
- 08/1997
- Data as of
- 03/2022
- EIN
- 16-1019635
Organization Overview
Natural Heritage Trust is located in Albany, NY. The organization was established in 1997. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 03/2022, Natural Heritage Trust employed 74 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Natural Heritage Trust 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 03/2022, Natural Heritage Trust generated $23.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.2% each year . All expenses for the organization totaled $15.4m during the year ending 03/2022. While expenses have increased by 8.1% 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 2018, Natural Heritage Trust has awarded 16 individual grants totaling $15,341,111. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THE TRUST IS TO SERVE AS A FOCAL POINT FOR THE RECEIPT AND ADMINISTRATION OF GIFTS, GRANTS, DEVISES AND BEQUESTS OF REAL AND PERSONAL PROPERTY TO FURTHER CONSERVATION, OUTDOOR RECREATION, HISTORIC PRESERVATION AND WATERFRONT AND COMMUNITY REVITALIZATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE TRUST ACCOMPLISHES ITS MISSION BY ACCEPTING DONATIONS, RAISING FUNDS, AND THROUGH COOPERATIVE PROGRAMS AND PROJECTS WITH ITS AGENCY PARTNERS: NEW YORK STATE OFFICE OF PARKS, RECREATION AND HISTORIC PRESERVATION (OPRHP), DEPARTMENT OF ENVIRONMENTAL CONSERVATION (DEC) AND THE DEPARTMENT OF STATE (DOS). THE TRUST ALSO PARTNERS WITH A NUMBER OF OTHER PUBLIC AND PRIVATE ENTITIES, NOT-FOR-PROFITS AND FRIENDS GROUPS TO SECURE AND ADMINISTER FUNDING. THE TRUST IS DEDICATED TO BUILDING AND SUSTAINING RELATIONSHIPS WITH ORGANIZATIONS THAT SHARE MISSION COMPATIBLE GOALS AND PURPOSES.THE TRUST ENSURES THE SAFEKEEPING OF FUNDS HELD IN TRUST AND INVESTS FUNDS PRUDENTLY AND IN A MANNER CONSISTENT WITH THE UNDERLYING GIFT, GRANT, OR PROJECT AGREEMENT. PRIVATE FUNDING ENDOWED THROUGH THE TRUST HAS SUPPORTED A WIDE VARIETY OF CULTURAL AND RECREATIONAL PROGRAMS, CAPITAL PROJECTS AND IMPROVEMENTS, ENVIRONMENTAL AND OUTDOOR EDUCATION, NATURAL RESOURCE PROTECTION AND RESTORATION, AND HISTORIC PRESERVATION THROUGHOUT THE STATE FOR OVER FIFTY YEARS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sally Drake Executive Director | Officer | 37.5 | $136,500 |
Sarah Purcell Deputy Director/cfo | Officer | 37.5 | $124,868 |
Erik Kulleseid Chair | OfficerTrustee | 1 | $0 |
Basil Seggos Vice-Chair | OfficerTrustee | 1 | $0 |
Jennifer Maglienti Legal Counsel | Officer | 1 | $0 |
Bryan Erwin Board Member - Acting (effective 01/01/22) | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Moey Inc Design Development | 3/30/19 | $324,500 |
Ldv Inc Police Mobile Command Services | 3/30/19 | $200,485 |
Starr Whitehouse Landscape Niagra Greenway Program Consulting Costs | 3/30/19 | $135,536 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $17,545,383 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,545,383 |
| Total Program Service Revenue | $5,100,557 |
| Investment income | $964,078 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $287,759 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$36,414 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $23,861,363 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $8,564,533 |
| 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. | $343,688 |
| Compensation of current officers, directors, key employees. | $343,688 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,308,714 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $562,041 |
| Payroll taxes | $0 |
| Fees for services: Management | $286,354 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $96,202 |
| Fees for services: Other | $221,035 |
| Advertising and promotion | $0 |
| Office expenses | $83,739 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,386 |
| Travel | $19,751 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,808 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,984 |
| All other expenses | $0 |
| Total functional expenses | $15,430,927 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,263,038 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $206,987 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $18,584,883 |
| Investments—other securities | $41,933,982 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,326,071 |
| Total assets | $68,314,961 |
| Accounts payable and accrued expenses | $548,693 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $5,024,389 |
| Total liabilities | $5,573,082 |
| Net assets without donor restrictions | $1,949,599 |
| Net assets with donor restrictions | $60,792,280 |
| 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 | $68,314,961 |
Grants Awarded
Over the last fiscal year, Natural Heritage Trust has awarded $8,564,533 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
NYS OPRHP PURPOSE: REIMBURSEMENT FOR CAPITAL IMPROVEMENTS | $7,784,710 |
GREENWAY CONSERVANCY FOR THE HUDSON VALLEY PURPOSE: CAPITAL IMPROVEMENTS | $498,045 |
PALISADES INTERSTATE PARK COMMISSION PURPOSE: ANNUAL OPERATING DISTRIBUTION | $141,778 |
Penfield, NY PURPOSE: PROGRAMMING PARTNERSHIP | $140,000 |
Grants Recieved
Over the last fiscal year, we have identified 17 grants that Natural Heritage Trust has recieved totaling $16,763,033.
| Awarding Organization | Amount |
|---|---|
The Ralph C Wilson Jr Foundation Detroit, MI PURPOSE: TO SUPPORT THE DEVELOPMENT OF A STATE-OF-THE-ART WELCOME CENTER TO HIGHLIGHT THE HISTORIC AND NATURAL ASSETS WITHIN NIAGARA FALLS STATE PARK. | $6,000,000 |
The Ralph C Wilson Jr Foundation Detroit, MI PURPOSE: TO SUPPORT THE DEVELOPMENT OF A STATE-OF-THE-ART WELCOME CENTER TO HIGHLIGHT THE HISTORIC AND NATURAL ASSETS WITHIN NIAGARA FALLS STATE PARK. | $6,000,000 |
The Ralph C Wilson Jr Foundation Detroit, MI PURPOSE: TO SUPPORT IMPROVEMENTS TO THE GENESEE VALLEY GREENWAY AND THE SHORELINE TRAIL. | $3,100,000 |
Topfield Foundation Inc Loudon, NH PURPOSE: TO FURTHER DONEES EXEMPT PURPOSE | $500,000 |
The Ralph C Wilson Jr Foundation Detroit, MI PURPOSE: TO SUPPORT WESTERN NEW YORK GREENWAYS | $486,400 |
The@mark L Serventi Family Foundation Perry, NY PURPOSE: GENERAL FUNDS DONATION | $150,645 |
Endowment Analysis
| Beg. Balance | $32,672,062 |
| Earnings | $385,573 |
| Admin Expense | $54,432 |
| Net Contributions | $2,342,869 |
| Other Expense | $1,016,463 |
| Ending Balance | $34,329,609 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jader Trust 4 New York, NY | $1,054,851,689 | $157,383,970 |
Rockefeller Family Fund Inc New York, NY | $156,631,848 | $43,772,368 |
Shapiro-Silverberg Foundation New York, NY | $41,665,129 | $24,069,378 |
Hess Philanthropic Fund New York, NY | $231,447,732 | $32,591,174 |
Edith L Trees Charitable Trust Pittsburgh, PA | $351,552,610 | $23,983,044 |
Natural Heritage Trust Albany, NY | $68,314,961 | $23,861,363 |
Hollow Metal Trust Fund New York, NY | $38,290,021 | $12,661,866 |
Halvorsen Family Foundation Greenwich, CT | $235,306,066 | $4,015,208 |
Adp Foundation Roseland, NJ | $23,560,078 | $20,725,290 |
Lynch Foundation Boston, MA | $176,006,196 | $42,142,694 |
Foundation Berma New York, NY | $320,553,699 | $33,382,644 |
Bam Endowment Trust Brooklyn, NY | $106,959,115 | $5,566,840 |