Hanover Conservancy EIN 02-6011149

Hanover Conservancy FY2021 filing

EIN  02-6011149 Public charity (501(c)(3)) Hanover, NH
Form 990 (PDF)
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Size
$100K–1M
What they do
Protects and promotes appreciation for local land and water resources.
Leadership
Mary Brown · Vice Preside
Money in and out
$399K revenue, $234K expenses
Bottom line
73% program efficiency

Protects and promotes appreciation for local land and water resources. For fiscal year 2021 it reported $399K in revenue, $234K in expenses, and $2.4M in net assets.Pt I

Where the money goes · FY2021
Total revenue
$399K
Pt VIII · Ln 12
Total expenses
$234K
Pt IX · Ln 25
Net assets
$2.4M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $165K
Where spending went · Part IX cols B–D
Program services $0.73 Management & general $0.18 Fundraising $0.09
Program efficiency
73%
of spending reaches programs
Operating runway
78.4mo
months of highly liquid reserves at operating expense rate
Surplus margin
+41%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$399K
FY2021
Expenses
$234K
FY2021
Total assets
$2.4M
FY2021
Total liabilities
$0
FY2021
Total revenue
$399K
Pt VIII · Ln 12
Total expenses
$234K
Pt IX · Ln 25
Net assets
$2.4M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$165K
Total assetsPt X · Ln 16$2.4M
Program-expense ratioPt IX · col B73%
Voting members of governing bodyPt I · Ln 313
Independent voting membersPt I · Ln 413
Mission & Programs · Part III

Where the work happens

3 program services account for $157K of program spending, described in the organization's own filed words · FY2020.
01

Education and outreach-the hanover conservancy reaches out to the community to engage it in land conservation and stewardship. This year the conservancy continued to recruit and train new volunteers and provide information on important conservation issues through its new and expanded website,electronic newsletters and community…

$65Kprogram expense
02

Land conservation-we worked with the town of hanover and the trust for public land to bring a major 250-ACRE conservation project, the mink brook community forest, completed and assisted with enlisting community support and funding. We also worked on several other conservation projects.

$64Kprogram expense
03

Land stewardship-the conservancy has six major land holdings, including the 112 acre mink brook nature preserve, the 113 acre greensboro ridge natural area, 22 acres at the balch hill natural area, the 38 acre lower slade brook natural area, the 92-ACRE mayor-niles forest, and the 79 -acre britton forest.

$28Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CHanover Conservancy
EINHdr · item D02-6011149
Principal addressHdr · item CHanover, NH
WebsiteHdr · item Jwww.hanoverconservancy.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNH
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEnvironment (C300)
Ruling yearIRS BMFJan 1966

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a13
Independent voting membersPt VI · Ln 1b13
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 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Adair Mulligan’s $95K as Executive Director is at the 76th percentile of top reported officer pay among 1981 $100K–1M environment nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

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Statement of Revenue

Part VIII
Contributions & grants$298K · 75%
Investment income$101K · 25%
Contributions & grants75%$298K
Investment income25%$101K
— government grantsLn 1e$23K
Total revenueLn 12$399K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.73 Management & general $0.18 Fundraising $0.09
Program services73%$170K
Management & general18%$43K
Fundraising9%$21K
Total functional expensesLn 25$234K

Balance Sheet

Part X · end of year
CashLn 1$24K
Total assetsLn 16$2.4M
Total liabilitiesLn 26$0
Total net assetsLn 32$2.4M
Months of cash on handcomputed1.2

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.5M · Operating expenses (Pt IX) $234K · Less non-cash grants $5K · Cash operating expenses/yr $229K
78.4 months
Where the money goes
Program services
Program services $170K · Total expenses $234K
73%
Management & General
Management & general $43K · Total expenses $234K
18%
Fundraising
Fundraising $21K · Total expenses $234K
9%
Cost to raise $1
Fundraising expense $21K · Solicited contributions $275K
$0.08 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $298K · Total revenue $399K
75%
Government reliance
Government grants $23K · Total revenue $399K
6%
Earned-income share
Program service revenue $0 · Total revenue $399K
0%
Investment reliance
Investment income $101K · Total revenue $399K
+25%
Program self-sufficiency
Program service revenue $0 · Total expenses $234K
0%
Growth & trend
Revenue growth (YoY)
This year $399K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $2.4M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $399K · Expenses $234K
+41%
Liabilities-to-Assets
Total liabilities — · Total assets $2.4M
Net-asset ratio
Net assets $2.4M · Total assets $2.4M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $1.5M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $2.4M
61%
People & payroll
Highest Reported Total Compensation
Individual Mary Brown · Reported title VICE PRESIDE · Highest reported compensation $0 · Total expenses $234K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $133K · Total expenses $234K
57%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 73%
Overhead ratio 18%
Fundraising cost ratio 7%
Accounting fee ratio 4%

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 · FY2025
Total grants receivedfrom 1 funder$300

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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
FY2025 (Latest)$573K revenue · ⤓ 990 PDF
FY2024$1.4M revenue · ⤓ 990 PDF
FY2023$422K revenue · ⤓ 990 PDF
FY2022$893K revenue · ⤓ 990 PDF
FY2021$399K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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