Chocorua Lake Conservancy EIN 02-0277083

Chocorua Lake Conservancy FY2023 filing

EIN  02-0277083 Public charity (501(c)(3)) Tamworth, NH
Form 990 (PDF)
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Size
$100K–1M
What they do
Preserves Chocorua Lake's ecosystem, protects basin resources, maintains trails, and provides public access.
Leadership
William Zehring · Vice President
Money in and out
$379K revenue, $305K expenses
Bottom line
72% program efficiency

Preserves Chocorua Lake's ecosystem, protects basin resources, maintains trails, and provides public access. For fiscal year 2023 it reported $379K in revenue, $305K in expenses, and $3.7M in net assets.Pt I

Where the money goes · FY2023
Total revenue
$379K
Pt VIII · Ln 12
Total expenses
$305K
Pt IX · Ln 25
Net assets
$3.7M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $74K
Where spending went · Part IX cols B–D
Program services $0.72 Management & general $0.16 Fundraising $0.11
Program efficiency
72%
of spending reaches programs
Operating runway
104.9mo
months of highly liquid reserves at operating expense rate
Surplus margin
+20%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$379K
FY2023▲ +5%
Expenses
$305K
FY2023▲ +24%
Total assets
$3.7M
FY2023▲ +13%
Total liabilities
$0
FY2023
Total revenue
$379K
Pt VIII · Ln 12
Total expenses
$305K
Pt IX · Ln 25
Net assets
$3.7M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$74K
Total assetsPt X · Ln 16$3.7M
Program-expense ratioPt IX · col B72%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 48
Mission & Programs · Part III

Where the work happens

3 program services account for $221K of program spending, described in the organization's own filed words · FY2023.
01

Public lake access, management of conservation properties & water quality monitoring - managed 800 acres across 17 properties owned by chocorua lake conservancy (CLC) in the chocorua lake basin, including three public lake access recreational areas open to all and visited more than 100,000 people yearly.

$95Kprogram expense
02

Education, Outreach, and Membership

Organized more than 50 educational and community outreach events attended by over 1,400 people. Engaged 170 volunteers who contributing 1,400 hours toward fulfilling CLC'S mission. Held outdoor nature explorations and workshops on diverse topics in ecology and natural history, including regular programs aimed at children 3 to 9 years of…

$68Kprogram expense
03

Land conservation visited 94 privately-owned properties covering 2,500 acres protected by CLC perpetual covenants, conservation easements, and deed restrictions. Trained 20 volunteer land stewards and monitors to help maintain 17 clc-owned conservation properties.

$58Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CChocorua Lake Conservancy
EINHdr · item D02-0277083
Principal addressHdr · item CTamworth, NH
WebsiteHdr · item Jchocorualake.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNH
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEnvironment (C20)
Ruling yearIRS BMFAug 2012

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a8
Independent voting membersPt VI · Ln 1b8
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Member
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$289K · 76%
Investment income$82K · 22%
Program service revenue$10K · 3%
Contributions & grants76%$289K
Investment income22%$82K
Program service revenue3%$10K
— government grantsLn 1e$600
Total revenueLn 12$379K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.72 Management & general $0.16 Fundraising $0.11
Program services72%$221K
Management & general16%$49K
Fundraising11%$35K
Total functional expensesLn 25$305K

Balance Sheet

Part X · end of year
CashLn 1$147K
Total assetsLn 16$3.7M
Total liabilitiesLn 26$0
Total net assetsLn 32$3.7M
Months of cash on handcomputed5.8

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $2.7M · Operating expenses (Pt IX) $305K · Less non-cash grants $382 · Cash operating expenses/yr $305K
104.9 months
Where the money goes
Program services
Program services $221K · Total expenses $305K
72%
Management & General
Management & general $49K · Total expenses $305K
16%
Fundraising
Fundraising $35K · Total expenses $305K
11%
Cost to raise $1
Fundraising expense (3-yr avg) $27K · Solicited contributions (3-yr avg) $263K
$0.10 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $289K · Total revenue $379K
76%
Government reliance
Government grants $600 · Total revenue $379K
0%
Earned-income share
Program service revenue $10K · Total revenue $379K
3%
Investment reliance
Investment income $82K · Total revenue $379K
+22%
Program self-sufficiency
Program service revenue $10K · Total expenses $305K
3%
Growth & trend
Revenue growth (YoY)
This year $379K · Prior year $361K
+5%
Net-asset trend (YoY)
End of year $3.7M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $379K · Expenses $305K
+20%
Liabilities-to-Assets
Total liabilities — · Total assets $3.7M
Net-asset ratio
Net assets $3.7M · Total assets $3.7M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $2.5M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $3.7M
68%
People & payroll
Highest Reported Total Compensation
Individual William Zehring · Reported title VICE PRESIDENT · Highest reported compensation $0 · Total expenses $305K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $205K · Total expenses $305K
67%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 72%
Overhead ratio 16%
Fundraising cost ratio 12%
Revenue growth 5%
Legal fee ratio 1%
Accounting fee ratio 1%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 5 funders →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$728K revenue · ⤓ 990 PDF
FY2023$379K revenue · viewing · ⤓ 990 PDF
FY2022$361K revenue · ⤓ 990 PDF
FY2021$254K revenue · ⤓ 990 PDF
FY2020$279K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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