Nantucket Conservation Foundation INC EIN 04-2373794

Nantucket Conservation Foundation INC

EIN  04-2373794 Public charity (501(c)(3)) Nantucket, MA Founded 1963
Form 990 (PDF) Compare with another nonprofit →
Verified accurate 8/11/26 · see original filing: IRS
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Size
$10–100M
What they do
Protects natural lands on Nantucket Island for public enjoyment and ecological health.
Leadership
Cormac Collier · President and CEO · $251K
Money in and out
$17.5M revenue, $6.3M expenses
Bottom line
70% program efficiency

Protects natural lands on Nantucket Island for public enjoyment and ecological health. For fiscal year 2024 it reported $17.5M in revenue, $6.3M in expenses, and $177.6M in net assets.Pt I

Where the money goes · FY2024
Total revenue
$17.5M
Pt VIII · Ln 12
Total expenses
$6.3M
Pt IX · Ln 25
Net assets
$177.6M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $11.2M
Where spending went · Part IX cols B–D
Program services $0.70 Management & general $0.17 Fundraising $0.13
Program efficiency
70%
of spending reaches programs▲ +15% vs prior filing year
Operating runway
95.8mo
months of highly liquid reserves at operating expense rate
Surplus margin
+64%
revenue over expenses, this year▼ -13% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$17.5M
FY2024▲ +8%
Expenses
$6.3M
FY2024▲ +49%
Total assets
$178.4M
FY2024▲ +8%
Total liabilities
$793K
FY2024▼ -13%
Total revenue
$17.5M
Pt VIII · Ln 12
Total expenses
$6.3M
Pt IX · Ln 25
Net assets
$177.6M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$11.2M
Total assetsPt X · Ln 16$178.4M
Program-expense ratioPt IX · col B70%
Voting members of governing bodyPt I · Ln 325
Independent voting membersPt I · Ln 424
Mission & Programs · Part III

Where the work happens

2 program services account for $4.4M of program spending, described in the organization's own filed words · FY2024.
01

Science and Stewardship

Developing and implementing resource inventory plans for all NCF properties.

$2.5Mprogram expense
02

Land Management

Maintaining over 9,000 acres of open space, trails systems and beaches for visitors to enjoy.

$1.9Mprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CNantucket Conservation Foundation INC
EINHdr · item D04-2373794
Principal addressHdr · item CNantucket, MA
WebsiteHdr · item Jwww.nantucketconservation.org
Year of formationHdr · item L1963
State of legal domicileHdr · item MMA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEnvironment (C300)
Ruling yearIRS BMFDec 1964

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a25
Independent voting membersPt VI · Ln 1b24
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
President and CEO
$250,893Pt VII · Sec A
Vice Pres. Science & Stewa
$163,167Pt VII · Sec A
Director Research & Partne
$130,980Pt VII · Sec A
Director Land Management
$110,904Pt VII · Sec A
Properties Manager
$105,932Pt VII · Sec A
Land Management
$102,117Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Cormac Collier’s $251K as President and CEO is at the 52nd percentile of top reported officer pay among 324 $10–100M 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.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Cormac Collier$250,893$230,000$211,149$221,055$205,000
Karen C Beattie$163,167$149,649$139,152$127,251$126,100
Susan Coffin$157,471
Traci Finnerty$139,616$132,571
Jennifer Karberg$130,980$124,708$115,739$105,640
Nicholas J Larrabee$110,904
Jeffrey Coakley$107,788
Christopher Iller$106,027

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$16.3M · 93%
Investment income$1.3M · 7%
Program service revenue$140K · 1%
Contributions & grants93%$16.3M
Investment income7%$1.3M
Program service revenue1%$140K
Total revenueLn 12$17.5M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.70 Management & general $0.17 Fundraising $0.13
Program services70%$4.4M
Management & general17%$1.1M
Fundraising13%$827K
Total functional expensesLn 25$6.3M

Balance Sheet

Part X · end of year
CashLn 1$726K
Total assetsLn 16$178.4M
Total liabilitiesLn 26$793K
Total net assetsLn 32$177.6M
Months of cash on handcomputed1.4

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $36.1M · Operating expenses (Pt IX) $6.3M · Less non-cash grants $1.8M · Cash operating expenses/yr $4.5M
95.8 months
Where the money goes
Program services
Program services $4.4M · Total expenses $6.3M
70%
Management & General
Management & general $1.1M · Total expenses $6.3M
17%
Fundraising
Fundraising $827K · Total expenses $6.3M
13%
Cost to raise $1
Fundraising expense (3-yr avg) $719K · Solicited contributions (3-yr avg) $12.1M
$0.06 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $16.3M · Total revenue $17.5M
93%
Government reliance
Government grants — · Total revenue $17.5M
Earned-income share
Program service revenue $140K · Total revenue $17.5M
1%
Investment reliance
Investment income $1.3M · Total revenue $17.5M
+7%
Program self-sufficiency
Program service revenue $140K · Total expenses $6.3M
2%
Growth & trend
Revenue growth (YoY)
This year $17.5M · Prior year $16.2M
+8%
Revenue CAGR
FY2020 $4.5M · FY2024 $17.5M
+40%
Net-asset trend (YoY)
End of year $177.6M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $17.5M · Expenses $6.3M
+64%
Liabilities-to-Assets
Total liabilities — · Total assets $178.4M
Net-asset ratio
Net assets $177.6M · Total assets $178.4M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $19.1M · Other securities (Pt X, ln 12) $16.4M · Total assets (Pt X, ln 16) $178.4M
20%
People & payroll
Highest Reported Total Compensation
Individual Cormac Collier · Reported title PRESIDENT AND CEO · Highest reported compensation $251K · Total expenses $6.3M
4%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $2.5M · Total expenses $6.3M
39%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 70%
Overhead ratio 17%
Fundraising cost ratio 5%
Revenue growth 8%
Investment management fee ratio 0%
Legal fee ratio 0%
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 · FY2025
See all 8 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)$17.5M revenue · viewing · ⤓ 990 PDF
FY2023$16.2M revenue · ⤓ 990 PDF
FY2022$9.6M revenue · ⤓ 990 PDF
FY2021$12.8M revenue · ⤓ 990 PDF
FY2020$4.5M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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