Castanea Foundation Inc
- Assets
- $0.0
- Revenue
- -$84.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Montpelier, VT
- Founding
- 12/2005
- Data as of
- 03/2021
- 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
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 |
Development Cycles | 3/30/20 | $58,131 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $12,220 |
| Dividends & Interest | $7,701 |
| Profit on Inventory Sales | $0 |
| Other Income | -$103,872 |
| Total Revenue | -$83,951 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Pension plans, employee benefits | $5,508 |
| Depreciation | $1,079 |
| Occupancy | $6,420 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $117,223 |
| Contributions, gifts, grants paid | $20,000 |
| Total expenses and disbursements | $137,223 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $178,857 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Other assets | $3,096,433 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Castanea Foundation Inc has awarded $800,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SHELBURNE FARMS PURPOSE: GENERAL OPERATING SUPPORT | $50,000 |
FIDELITY INVESTMENTS CHARITABLE GIFT FUND PURPOSE: SUPPORT VERMONT FAMILY FARMER FUND | $750,000 |