Nantucket Conservation Foundation Inc in Nantucket, Massachusetts (MA)

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Nantucket Conservation Foundation Inc
Employer Identification Number (EIN)042373794
Name of OrganizationNantucket Conservation Foundation Inc
AddressPO BOX 13, Nantucket, MA 02554-0013
ActivitiesPreservation of natural resources (conservation), Historical site, records or reenactment
SubsectionCharitable Organization
Ruling Date12/1964
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period10/2010
Assets$50,000,000 to greater
Income$5,000,000 to $9,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$112,559,931
Amount of Income$7,273,135
Form 990 Revenue Amount$3,889,174
National Taxonomy of Exempt Entities (NTEE)Environmental Quality, Protection and Beautification: Natural Resources Conservation and Protection


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Amount of income in 2010: $7,273,135
This organization: 

 $7,273,135
Other organizations performing similar types of work: 

 $195,017

Assets in 2010: $112,559,931
Nantucket Conservation Foundation Inc: 

 $112,559,931
Other organizations performing similar types of work: 

 $243,241

Expenses in 2007: $4,223,072
Nantucket Conservation Foundation Inc: 

 $4,223,072
Other organizations performing similar types of work: 

 $1,303,885

Income to expenses ratio in 2007: 0.9
Nantucket Conservation Foundation Inc: 

 0.9
Other organizations performing similar types of work: 

 1.3

Expenses allocated to program services in 2007: 64.8%
This organization: 

 64.8%
Other organizations performing similar types of work: 

 80.5%

Number of employees in 2007: 21
This organization: 

 21
Other organizations performing similar types of work: 

 18

Employees paid over $50,000 in 2007: 38.1%
This organization: 

 38.1%
Other organizations performing similar types of work: 

 11.1%

Grants share in income in 2007: 115.1%
This organization: 

 115.1%
Other organizations performing similar types of work: 

 62.1%

Financial snapshot ($)

Revenue for 2007

Assets at end of 2007

Expenses for 2007

Functional Expenses for 2007 ($)

Income-Producing Activities for 2007

Revenue, Expenses, and Changes in Net Assets or Fund Balances
20002001200220032004200520062007
Total revenue$10,336,035$7,045,158$3,036,711$5,937,078$7,203,582$8,986,543$6,392,229$3,784,618
Contributions, gifts, grants, and similar amounts received$8,822,111$5,344,810$1,644,173$3,709,415$5,441,270$5,290,297$2,948,433$4,357,317
Contributions to donor advised funds$0$0
Direct public support$8,822,111$5,344,810$1,644,173$3,547,998$5,441,270$5,290,297$2,948,433$4,357,317
Indirect public support$0$0$0$161,417$0$0$0$0
Government contributions (grants)$0$0$0$0$0$0$0$0
Program service revenue including government fees and contracts$138,084$138,308$125,949$439,537$376,289$319,833$150,754$142,976
Membership dues and assessments$801,127$738,260$755,641$738,187$846,698$830,546$812,159$735,439
Interest on savings and temporary cash investments$44,053$39,024$39,446$46,017$416$382$190$185
Dividends and interest from securities$529,570$324,376$379,576$604,946$278,107$364,634$369,383$313,548
Net rental income or (loss)$2,800$498,625$91,926$393,793$0$0$0$0
Gross rents$2,800$498,625$91,926$393,793$0$0$0$0
Less: rental expenses$0$0$0$0$0$0$0$0
Other investment income$0$0$0$0$0$0$0$0
Gain or (loss) from sales of assets other than inventory$-1,710$-38,245$0$0$0$1,515,827$860,479$-2,961,789
Gross amount from sales of assets other than inventory$745,279$548,174$0$0$0$10,667,559$10,888,516$22,627,939
Less: cost or other basis and sales expenses$746,989$586,419$0$0$0$9,151,732$10,028,037$25,589,728
Net income or (loss) from special events and activities$0$0$0$0$0$0$0$0
Gross revenue$0$0$0$0$0$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0$0$0$0$0$0
Gross profit or (loss) from sales of inventory$0$0$0$0$0$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0$0$0$0$0$0
Less: cost of goods sold$0$0$0$0$0$0$0$0
Other revenue$0$0$0$5,183$260,802$665,024$1,250,831$1,196,942
Total expenses$1,889,115$1,716,350$1,965,269$2,737,916$3,939,996$3,782,393$4,062,397$4,223,072
Program services$1,456,392$1,034,762$1,134,558$1,643,934$3,420,501$3,313,842$2,716,442$2,735,890
Management and general$325,349$448,552$534,427$760,698$306,097$275,056$913,364$941,954
Fundraising$107,374$233,036$296,284$333,284$213,398$193,495$432,591$545,228
Payments to affiliates$0$0$0$0$0$0$0$0
Net assets or fund balances at end of year$85,722,067$90,369,609$92,033,730$95,943,106$103,216,359$107,652,826$110,136,143$109,656,498
Excess or (deficit) for the year$8,446,920$5,328,808$1,071,442$3,199,162$3,263,586$5,204,150$2,329,832$-438,454
Net assets or fund balances at beginning of year$77,762,139$85,722,067$90,369,609$92,033,730$95,943,106$103,216,359$107,652,826$110,136,143
Other changes in net assets or fund balances$-486,992$-681,266$592,679$710,214$4,009,667$-767,683$153,485$-41,191
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$4,223,072$2,735,890$941,954$545,228
Grants paid from donor advised funds$0
Other grants and allocations$0
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$573,621$236,938$172,007$164,676
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$1,136,947$878,672$124,130$134,145
Pension plan contributions not included above$34,019$13,240$10,111$10,668
Employee benefits not included above$308,847$243,866$31,568$33,413
Payroll taxes$126,909$86,520$19,919$20,470
Professional fundraising fees$0$0$0$0
Accounting fees$24,000$0$24,000$0
Legal fees$24,941$6,970$16,471$1,500
Supplies$367,001$288,001$60,000$19,000
Telephone$21,518$7,506$11,792$2,220
Postage and shipping$102,218$84,280$5,500$12,438
Occupancy$126,716$97,129$29,587$0
Equipment rental and maintenance$0$0$0$0
Printing and publications$34,941$9,961$8,400$16,580
Travel$166,586$102,636$11,845$52,105
Conferences, conventions, and meetings$8,323$3,043$2,800$2,480
Interest$63,233$0$63,233$0
Depreciation, depletion, etc.$191,507$141,457$50,050$0
Other expenses not covered above$911,745$535,671$300,541$75,533
Balance Sheets
20002001200220032004200520062007
Total assets$86,775,192$91,486,202$93,182,262$96,868,416$118,552,731$119,602,124$118,630,410$115,345,646
Cash - non-interest-bearing$0$0$0$150,744$7,008,937$210,504$392,124$171,250
Savings and temporary cash investments$404,217$363,918$119,803$0$0$2,280,723$2,628,408$10,129,881
Accounts receivable less allowance for doubtful accounts$0$0$10,997$0$1,015,060$717,698$1,129,143$1,081,555
Pledges receivable less allowance for doubtful accounts$3,769,586$5,219,265$4,018,455$1,913,631$7,207,184$6,500,896$4,957,665$3,617,981
Grants receivable$0$0$0$0$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$0$250,000$0$0$0$0$0$0
Inventories for sale or use$0$0$0$0$0$0$0$0
Prepaid expenses and deferred charges$13,587$44,358$75,251$35,280$93,855$88,391$64,594$80,174
Investments - publicly-traded securities$0$0
Investments - other securities$10,230,053$9,738,154$12,996,951$14,890,348$5,986,804$11,300,266$10,813,139$560,313
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0$0$0$0$0
Investments - other$0$0$0$0$0$206,706$16,872$1,339,167
Land, buildings, and equipment less accumulated depreciation$72,357,749$75,870,507$75,960,805$76,946,391$97,015,481$98,184,469$98,221,506$98,326,187
Other assets, including program-related investments$0$0$0$2,932,022$225,410$112,471$406,959$39,138
Total liabilities$1,053,125$1,116,593$1,148,532$925,310$15,336,372$11,949,298$8,494,267$5,689,148
Accounts payable and accrued expenses$106,524$184,745$89,005$40,844$260,477$271,265$208,776$191,163
Grants payable$0$0$0$0$0$0$0$0
Deferred revenue$22,101$7,348$0$0$0$0$0$0
Loans from officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0$0$0$0$0
Mortgages and other notes payable$825,000$825,000$825,000$641,150$14,871,965$11,382,661$7,868,532$4,110,282
Other liabilities$99,500$99,500$234,527$243,316$203,930$295,372$416,959$1,387,703
Total liabilities and net assets/fund balances$86,775,192$91,486,202$93,182,262$96,868,416$118,552,731$119,602,124$118,630,410$115,345,646
Total net assets or fund balances$85,722,067$90,369,609$92,033,730$95,943,106$103,216,359$107,652,826$110,136,143$109,656,498
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
20002001200220032004200520062007
Total revenue$10,336,035$7,045,158$3,036,711$5,937,078$7,203,582$8,986,543$6,392,229$3,784,618
Total revenue, gains, and other support per audited financial statements$9,849,043$7,045,158$3,036,711$6,749,990$8,449,307$8,218,860$6,545,714$3,743,427
Other expenses$-486,992$0$0$812,912$1,245,725$-767,683$153,485$-41,191
Net unrealized gains on investments$-486,992$0$0$812,912$1,245,725$-767,683$153,485$-41,191
Donated services and use of facilities$0$0$0$0$0$0$0$0
Recoveries of prior year grants$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Other revenue$0$0$0$0$0$0$0$0
Investment expenses$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
20002001200220032004200520062007
Total expenses$1,889,115$1,716,350$1,965,269$2,737,916$3,939,996$3,782,393$4,062,397$4,223,072
Total expenses and losses per audited financial statements$1,889,115$1,716,350$1,965,269$2,737,953$3,961,765$3,782,393$4,062,397$4,223,072
Other revenue$0$0$0$37$21,769$0$0$0
Donated services and use of facilities$0$0$0$0$0$0$0$0
Prior year adjustments$0$0$0$0$0$0$0$0
Losses$0$0$0$0$0$0$0$0
Other$0$0$0$37$21,769$0$0$0
Other expenses$0$0$0$0$0$0$0$0
Investment expenses$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Average hours per week devoted to positionCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
40$140,450$136,634$0
40$109,302$35,582$0
40$125,236$26,417$0
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings41
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?No
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?No
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 200621
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$-2,648,056$2,075,357
Program service revenue
Program service revenue 1000000$000$0$141,436
Program service revenue 2000000$000$0$1,540
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$735,439
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$185$0
Dividends and interest from securities000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$313,548$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$0Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))$-2,961,789$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$000$0$1,196,942
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0%$0$0
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$67,123$34,096$0
$86,934$33,846$0
$57,881$33,726$0
$84,014$34,846$0
$91,169$33,474$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
Enter the total number of donor advised funds owned at the end of the tax year$0
Enter the aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
Enter the total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
Enter the aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isOrganization that receives a substantial part of its support from a governmental unit or from the general public
Support Schedule
19992000200120022003200420052006
Total$4,040,985$6,567,359$5,135,099$3,036,711$3,523,446$6,087,116$7,470,331$5,531,560
Gifts, grants, and contributions received$2,755,268$5,054,525$3,895,131$1,644,173$2,365,875$4,325,220$5,290,297$2,948,433
Membership fees received$783,182$801,127$738,260$755,641$26,958$846,698$830,543$812,159
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$127,386$138,084$138,308$217,875$1,064,651$376,289$319,833$150,754
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$375,149$573,623$363,400$419,022$65,962$278,107$364,634$369,383
Net income from unrelated business activities not included above$0$0$0$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0$0$0$0
Other income$0$0$0$0$0$260,802$665,024$1,250,831
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Nature Conservancy4245 North Fairfax Drive, Arlington, VA 22203-1637VA1954-03$2,812,102,385
2The Conservation Fund A Nonprofit Corporation1655 Fort Myer Dr Ste 1300, Arlington, VA 22209-3199VA1985-07$242,376,138
3National Audubon Society Inc225 Varick St Fl 7, New York, NY 10014-4396NY1972-11$137,653,793
4Natural Resources Defense Council Inc40 West 20th Street, New York, NY 10011-4211NY1970-03$133,129,192
5Sierra Club, Central Upper Peninsula Sierra ClubPO BOX 1065, Escanaba, MI 49829-1065MI1968-12$82,539,747
6Puerto Rico Conservation TrustPO BOX 9023554, San Juaninternational1969-12$80,000,000
7Sierra Club Foundation85 2nd St Ste 750, San Francisco, CA 94105-3465CA1962-06$70,215,762
8Massachusetts Audubon Society Inc208 South Great Rd Gordon Hall, Lincoln, MA 01773MA1951-08$65,376,299
9Iowa Natural Heritage Foundation505 5th Ave Ste 444, Des Moines, IA 50309-2321IA1979-09$26,530,163
10National Recreation & Park Association22377 Belmont Ridge Rd, Ashburn, VA 20148-4501VA1933-06$13,948,926
11Alaska Conservation Foundation441 W 5th Ave, Anchorage, AK 99501-2309AK1977-06$8,942,298
12New Jersey Audubon Society9 Hardscrabble Rd, Bernardsville, NJ 07924-1303NJ1937-04$8,748,252
13Sheriffs Meadow FoundationRr 1 Box 319x, Vineyard Hvn, MA 02568-9727MA1961-09$8,142,954
14The Connecticut Audubon Society Incorporated2325 Burr St, Fairfield, CT 06824-1806CT1942-08$7,392,713
15Nantucket Conservation Foundation IncPO BOX 13, Nantucket, MA 02554-0013MA1964-12$7,273,135
16Sanibel-Captiva Conservation Foundation IncPO BOX 839, Sanibel, FL 33957-0839FL1968-07$6,791,885
17Bhutan Trust Fund For Enviromental ConservationThimphu, Bhutaninternational1997-01$6,333,159
18North Carolina Coastal Federation Inc3609 Hwy 24 Ocean, Newport, NC 28570NC1983-01$5,104,250
19Izaak Walton League Of America Inc, The Argos Chapter Izaak Walton League Of AmericaPo Box 51, Argos, IN 46501IN1985-04$4,139,679
20Provincetown Conservation TrustPO BOX 307, Provincetown, MA 02657-0307MA1980-06$58,349
21Cape Cod Commercial Hook Fishermens Association Inc1566 Main St, Chatham, MA 02633-1805MA1997-02$2,887,173
22Eco-Logic Development Fund25 Mount Auburn Street, Cambridge, MA 02138-6028MA1993-05$1,997,558
23Harwich Conservation Tr, Smith Robert F Etali TteesPO BOX 101, South Harwich, MA 02661-0101MA1993-10$1,433,706
24Berkshire-Pioneer Resource Conservation & Development Area In433 West St Ste 8, Amherst, MA 01002-2936MA1979-01$588,403
25Natural Resources Trust Of EastonPO BOX 188, North Easton, MA 02356-0188MA1968-07$467,621
26Chatham Conservation Foundation Inc104 Crowell Rd, Chatham, MA 02633-1966MA1963-08$210,714
27Maxwell Land Trust Ltd292 Clapp Rd, Scituate, MA 02066-3004MA1998-11$72,525
28Earthworks Projects Inc Case Number 112 212 045PO BOX 130, Roslindale, MA 02131-0004MA1992-11$37,385
29Groton Conservation TrustPO BOX 395, Groton, MA 01450-0395MA1968-02$31,633
30Pilgrim Area Resource Conservation And Development Council15 Cranberry Hwy, W Wareham, MA 02576-1504MA1978-10$18,130
Number of organizations performing similar types of work
Alaska5
Alabama9
Arkansas6
Arizona8
California41
Colorado12
Connecticut8
District of Columbia5
Delaware2
Florida24
Georgia9
Hawaii7
Iowa21
Idaho7
Illinois15
Indiana20
Kansas10
Kentucky6
Louisiana4
Massachusetts17
Maryland11
Maine13
Michigan21
Minnesota18
Missouri6
Mississippi2
Montana12
North Carolina15
North Dakota6
Nebraska10
New Hampshire9
New Jersey6
New Mexico7
Nevada1
New York38
Ohio17
Oklahoma6
Oregon13
Pennsylvania29
Rhode Island6
South Carolina31
South Dakota8
Tennessee11
Texas18
Utah7
Virginia16
Vermont6
Washington15
Wisconsin33
West Virginia8
Wyoming2
International2
Total639

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