Jocotoco Conservation Foundation
- Assets
- $4.3m
- Revenue
- $4.4m
- Investments
- $0.0
- Employees
- 3
- Location
- Chicago, IL
- Founding
- 02/2019
- Data as of
- 06/2023
- EIN
- 83-2027203
Organization Overview
Jocotoco Conservation Foundation is located in Chicago, IL. The organization was established in 2019. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. As of 06/2023, Jocotoco Conservation Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jocotoco Conservation Foundation 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, Jocotoco Conservation Foundation generated $4.4m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 61.1% each year . All expenses for the organization totaled $1.8m during the year ending 06/2023. While expenses have increased by 44.7% per year over the past 4 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
JOCOTOCO CONSERVATION FOUNDATION PROVIDES STRATEGIC PLANNING, CAPACITY AND SUPPORT TO ENHANCE THE ESTABLISHMENT AND ONGOING MANAGEMENT OF ECOLOGICAL RESERVES IN ECAUDOR, WITH THE GOAL OF PROTECTING AND CONSERVING THREATENED ECOSYSTEMS WITH IMPORTANT CONENTRATIONS OF BIODIVERSITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE JOCOTOCO FOUNDATION WORKS TO RAISE AWARENESS OF THE IMPORTANCE OF LAND PRESERVATION IN THE RAIN FORESTS OF ECUADOR AND RAISE FUNDS FOR RAINFOREST TRUST, AND FOR THE FUNDACION DE CONSERVACION JOCOTOCO, AN NGO THAT HAS BEEN OPERATING IN ECUADOR SINCE 1998 AND MAINTAINS RESERVES THAT COVER OVER 23,000 HECTARES AND SUPPORT 900 SPECIES OF BIRDS OVER 50 OF WHICH ARE THREATENED OR NEAR-THREATENED WITH EXTINCTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lawrence Hudson Executive Dir. | Officer | 40 | $38,077 |
Wendy Willis Executive Dir. | Officer | 40 | $26,867 |
Adela Espinosa President | OfficerTrustee | 1 | $0 |
David Agro President | OfficerTrustee | 1 | $0 |
Stephanie Hanford Treasurer | OfficerTrustee | 1 | $0 |
Edwin Lee Treasurer | OfficerTrustee | 5 | $0 |
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 | $4,343,750 |
| Noncash contributions included in lines 1a–1f | $22,021 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,343,750 |
| Total Program Service Revenue | $0 |
| Investment income | $17,631 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$5,134 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,356,247 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $341,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $973,281 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $53,341 |
| Compensation of current officers, directors, key employees. | $17,602 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $18,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $879 |
| Payroll taxes | $5,416 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $41,718 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $230,438 |
| Advertising and promotion | $0 |
| Office expenses | $2,552 |
| Information technology | $1,712 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $9,077 |
| 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 | $948 |
| Insurance | $3,781 |
| All other expenses | $0 |
| Total functional expenses | $1,789,046 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $168,796 |
| Savings and temporary cash investments | $3,820,138 |
| 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 | $3,393 |
| Net Land, buildings, and equipment | $566 |
| Investments—publicly traded securities | $274,321 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,267,214 |
| Accounts payable and accrued expenses | $6,825 |
| Grants payable | $0 |
| Deferred revenue | $450,000 |
| 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 | $456,825 |
| Net assets without donor restrictions | $1,945,302 |
| Net assets with donor restrictions | $1,865,087 |
| 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 | $4,267,214 |
Grants Awarded
Over the last fiscal year, Jocotoco Conservation Foundation has awarded $341,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
RAINFOREST TRUST INC PURPOSE: conservation | $300,000 |
SAVING NATURE INC PURPOSE: conservation | $41,000 |