Prudence Conservancy
- Assets
- $5.6m
- Revenue
- $61.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Prudence Island, RI
- Founding
- 05/1988
- Data as of
- 12/2021
- EIN
- 22-2881005
Organization Overview
Prudence Conservancy is located in Prudence Island, RI. The organization was established in 1988. According to its NTEE Classification (C30) the organization is classified as: Natural Resources Conservation & Protection, 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. Prudence Conservancy 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 12/2021, Prudence Conservancy generated $61.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (31.3%) each year. All expenses for the organization totaled $45.7k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PRESERVATION OF OPEN SPACES; INFORM AND EDUCATE RESIDENTS OF PRUDENCE ISLAND ON VARIOUS ENVIRONMENTAL ISSUES; MAINTENANCE OF HISTORIC LIGHTHOUSE AND BUILDINGS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRESERVATION OF OPEN SPACES; INFORM AND EDUCATE RESIDENTS OF PRUDENCEISLAND ON VARIOUS ENVIRONMENTAL ISSUES; MAINTENANCE OF HISTORIC LIGHTHOUSEAAND BUILDINGS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Beth Correira Secretary | Officer | 1 | $0 |
Michael Sheehan Treasurer | Officer | 5 | $0 |
John Worcester Director | Trustee | 1 | $0 |
Raymond Jenness Chairperson | Trustee | 1 | $0 |
Shawen Williams Director | Trustee | 1 | $0 |
Gerry Cutter Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $25,689 |
| Membership dues | $17,795 |
| Fundraising events | $4,770 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $48,254 |
| Total Program Service Revenue | $9,449 |
| Investment income | $34 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $61,036 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $11,332 |
| Insurance | $0 |
| All other expenses | $25,652 |
| Total functional expenses | $45,728 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $97,514 |
| Savings and temporary cash investments | $285,554 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $7,687 |
| Net Land, buildings, and equipment | $5,181,869 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,572,624 |
| Accounts payable and accrued expenses | $2,100 |
| 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 | $0 |
| Total liabilities | $2,100 |
| Net assets without donor restrictions | $267,969 |
| Net assets with donor restrictions | $5,302,555 |
| 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 | $5,572,624 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Prudence Conservancy has recieved totaling $7,027.
| Awarding Organization | Amount |
|---|---|
The Rhode Island Community Foundation Providence, RI PURPOSE: FARNHAM FARM; GREEN POINT RESERVE; PROGRAM SUPPORT | $7,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $27 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Connecticut Audubon Society Incorporated Fairfield, CT | $62,592,543 | $6,801,215 |
Mothers Out Front Inc Cambridge, MA | $3,902,382 | $3,274,134 |
Nantucket Conservation Foundation Inc Nantucket, MA | $151,824,686 | $12,776,139 |
Audubon Society Of Rhode Island Smithfield, RI | $39,462,013 | $5,117,165 |
Sheriffs Meadow Foundation Vineyard Haven, MA | $93,586,445 | $3,402,421 |
Greenroots Inc Chelsea, MA | $3,100,624 | $2,261,048 |
Cape Cod Commericial Fishermens Alliance Inc Chatham, MA | $8,901,410 | $1,947,508 |
Better Future Project Inc Cambridge, MA | $788,449 | $909,493 |
Greengoat Somerville, MA | $1,058,460 | $1,647,055 |
Duxbury Beach Reservation Inc Duxbury, MA | $6,397,815 | $2,315,887 |
Orion Society Great Barrington, MA | $453,887 | $1,582,107 |
Wright Locke Farm Conservancy Inc Winchester, MA | $1,228,587 | $1,283,022 |