Land Conservation in Nantucket, massachusetts

501(c)(3) charity; gifts are tax-deductible.
61¢ of each $1 spent went to programs.
$621K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $7.7M a year · 64% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
61%
of spending
Worth a look: 61% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$621K
to officers and key staff · 15% of spending
Looks good: pay to officers and key staff is 15% of spending; 15% or less.
Pt VII · Sec A
3 mo
of spending, in cash
Plus $20.0M in investments, Pt X · Ln 11–13
Looks good: 3.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
8
named funders · $151K
Looks good: 8 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$239K
0.2% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
25
of 25 voting members
Looks good: 25 of 25 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.5M
Spent
$4.0M
To programs
61%
Net assets
$137.1M
By yearFY2020–FY2024
Revenue
$4.5M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$4.5M
FY2021$12.8M
FY2022$9.6M
FY2023$16.2M
FY2024$17.5M
Expenses
$4.0M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$4.0M
FY2021$3.6M
FY2022$3.8M
FY2023$4.3M
FY2024$6.3M
Net assets
$137.1M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$137.1M
FY2021$148.6M
FY2022$151.8M
FY2023$164.6M
FY2024$177.6M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 1964.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

61 cents of each dollar spent went to programs.

Program services 61% · $2.4M Management & general 26% · $1.0M Fundraising 13% · $531K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

25 people listed on the 990; $621K paid to officers and key staff.

Part VII, Section A · reportable compensation
President and CEO
$205,000Pt VII · Sec A
Dir. of Development
$157,471Pt VII · Sec A
Dir of Finance
$132,571Pt VII · Sec A
Dir. of Science
$126,100Pt VII · Sec A
Assistant Clerk
$0Pt VII · Sec A
$0Pt 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.

See Nantucket Conservation Foundation INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Protects natural lands on Nantucket Island for public enjoyment and ecological health.

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Provided by the organization

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3 programs · $2.4M · in their own filed words · FY2020
01

Land Management

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

$1.8Mprogram expense
02

Science and Stewardship

Developing and implementing resource inventory plans for all NCF properties.

$627Kprogram expense
03

Wildfire Program

A program to prevent wildfire proliferation on NCF properties; develop and implement extensive area firebreak mowing.

$41Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2025
See all 8 funders →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$4.5M
Ln 12
Gifts and grantsLn 1h$4.0M
Investment incomeLn 3$268K
Fees for servicesLn 2g$186K
Money outPt IX
$4.0M
Ln 25
Programscol B$2.4M
Managementcol C$1.0M
Fundraisingcol D$531K
Owns and owesPt X
$137.1M
net assets · Ln 32
Cash and savingsLn 1–2$993K
Total assetsLn 16$137.3M
LiabilitiesLn 26$239K
PeoplePt VI, VII
25
listed · VII A
PaidVII A4
Voting boardVI 1a25
IndependentVI 1b25
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$4.0M
Government grantsLn 1e$378K
Fees for servicesLn 2g$186K
Investment incomeLn 3$268K
Other incomeLn 4–11$71K
Gains on assetsLn 7$89K
Total revenueLn 12$4.5M
Assets in detailPt X, end of year
CashLn 1$993K
Cash and savings togetherLn 1–2$993K
InvestmentsLn 11–13$20.0M
Land, buildings, equipmentLn 10c$113.9M
Total assetsLn 16$137.3M
LiabilitiesLn 26$239K
Net assetsLn 32$137.1M
OperationsPt I, VI
EmployeesI 522
VolunteersI 625
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$958K$993K
InvestmentsLn 11–13$17.6M$20.0M
Land, buildings, equipmentLn 10c$114.2M$113.9M
Total assetsLn 16$135.2M$137.3M
LiabilitiesLn 26$100K$239K
Net assetsLn 32$135.1M$137.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$1.8M$1.3M$181K$263K
Pension plan contributionsLn 8$593K$203K$347K$44K
Payroll taxesLn 10$138K$104K$14K$21K
Legal feesLn 11b$16K$15K$1K
Accounting feesLn 11c$90K$90K
Investment management feesLn 11f$47K$47K
Other fees for servicesLn 11g$173K$116K$52K$4K
Advertising and promotionLn 12$61K$472$60K
Office expensesLn 13$231K$56K$69K$106K
OccupancyLn 16$98K$62K$36K
TravelLn 17$59K$13K$40K$5K
Depreciation, depletion and amortizationLn 22$329K$276K$53K
InsuranceLn 23$146K$103K$43K
Other expenses (24a–d)Ln 24$254K$178K$48K$28K
Total functional expensesLn 25$4.0M$2.4M$1.0M$531K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $17.5M$6.3M$11.2M$177.6M 990 PDF
FY2023 $16.2M$4.3M$11.9M$164.6M 990 PDF
FY2022 $9.6M$3.8M$5.8M$151.8M 990 PDF
FY2021 $12.8M$3.6M$9.2M$148.6M 990 PDF
FY2020 Viewing $4.5M$4.0M$492K$137.1M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $4,501,211 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $4,563,265$3,976,723
I-9 Program service revenuePrior year $269,877$185,588
I-10 Investment incomePrior year $274,089$267,642
I-11 Other revenuePrior year $239,342$71,258
I-12 Total revenuePrior year $5,346,573$4,501,211
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $2,819,226$2,505,240
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,073,451$1,503,565
I-18 Total expensesPrior year $4,892,677$4,008,805
I-19 Revenue less expensesPrior year $453,896$492,406
Part VI · Governance 25 of 25 board members independent, no flags
VI-1a Voting members of the governing body25
VI-1b Independent voting members25
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $4,501,211 across 10 lines filed
VIII-1b Membership dues$1,525,214
VIII-1e Government grants$378,200
VIII-1f All other contributions, gifts and grants$2,073,309
VIII-1h Total contributions, gifts and grants$3,976,723
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $185,588$185,588
VIII-3 Investment incomeExcluded from tax $178,351$178,351
VIII-6 Net rental income or lossExcluded from tax $71,025$71,025
VIII-7 Net gain or loss on sales of assetsRelated to mission −$919 · Excluded from tax $90,210$89,291
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $233$233
VIII-12 Total revenueRelated to mission $184,902 · Unrelated business $0 · Excluded from tax $339,586$4,501,211
Part IX · Statement of functional expenses $4,008,805 across 14 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $1,329,341 · Management $181,298 · Fundraising $262,873$1,773,512
IX-8 Pension plan contributionsPrograms $203,107 · Management $346,748 · Fundraising $43,513$593,368
IX-10 Payroll taxesPrograms $103,708 · Management $14,144 · Fundraising $20,508$138,360
IX-11b Legal feesManagement $15,126 · Fundraising $1,097$16,223
IX-11c Accounting feesManagement $89,752$89,752
IX-11f Investment management feesManagement $47,468$47,468
IX-11g Other fees for servicesPrograms $116,191 · Management $51,887 · Fundraising $4,425$172,503
IX-12 Advertising and promotionManagement $472 · Fundraising $60,193$60,665
IX-13 Office expensesPrograms $56,156 · Management $69,441 · Fundraising $105,678$231,275
IX-16 OccupancyPrograms $62,005 · Management $36,340$98,345
IX-17 TravelPrograms $13,094 · Management $40,252 · Fundraising $5,348$58,694
IX-22 Depreciation, depletion and amortizationPrograms $276,235 · Management $52,616$328,851
IX-23 InsurancePrograms $102,807 · Management $43,100$145,907
IX-24 Other expenses (24a–d)Programs $177,820 · Management $48,350 · Fundraising $27,712$253,882
IX-25 Total functional expensesPrograms $2,440,464 · Management $1,036,994 · Fundraising $531,347$4,008,805
Part X · Balance sheet $137,345,991 assets, 14 lines filed
Asset lines not itemized here account for $466,742; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $958,416$993,406
X-3 Pledges and grants receivableStart of year $1,926,577$1,788,148
X-4 Accounts receivableStart of year $508,118$112,959
X-9 Prepaid expenses and deferred chargesStart of year $40,366$68,403
X-10c Land, buildings and equipment, netStart of year $114,150,350$113,942,468
X-11 Publicly traded securitiesStart of year $17,576,989$19,973,865
X-16 Total assetsStart of year $135,160,816$137,345,991
X-17 Accounts payable and accrued expensesStart of year $93,287$66,727
X-25 Other liabilitiesStart of year $6,761$171,893
X-26 Total liabilitiesStart of year $100,048$238,620
X-27 Net assets without donor restrictionsStart of year $121,454,444$124,004,002
X-28 Net assets with donor restrictionsStart of year $13,606,324$13,103,369
X-32 Total net assets or fund balancesStart of year $135,060,768$137,107,371
X-33 Total liabilities and net assetsStart of year $135,160,816$137,345,991
Part XI · Reconciliation of net assets $137,107,371 net assets at year end
XI-1 Total revenue$4,501,211
XI-2 Total expenses$4,008,805
XI-3 Revenue less expenses$492,406
XI-4 Net assets at start of year$135,060,768
XI-5 Net unrealized gains (losses) on investments$1,448,357
XI-9 Other changes in net assets$105,840
XI-10 Net assets at end of year$137,107,371

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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