Watch Hill Conservancy EIN 05-0506961 Form 990 (PDF) Claim this org

Watch Hill Conservancy FY2023 filing

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Preserves natural and built environments, open spaces, and historical values through education and property acquisition. For fiscal year 2023 it reported $647K in revenue, $595K in expenses, and $2.2M in net assets.Pt I

Type
Public charity (501(c)(3)) · Environment
Location
Westerly, RI
Website
www.thewatchhillconservancy.org
Filings
5 on file (2020–2023)
Revenue
$647KFY2023
Expenses
$595K
Net assets
$2.2M
People
22
Filings
5
Updates
0
More identity details & actions ⌄
EIN  05-0506961 Public charity (501(c)(3)) Westerly, RI
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Preserves natural and built environments, open spaces, and historical values through education and property acquisition.
Leadership
Dennis Algiere · Director
Money in and out
$647K revenue, $595K expenses
Bottom line
75% program efficiency
Where the money goes · FY2023
Total revenue
$647K
Pt VIII · Ln 12
Total expenses
$595K
Pt IX · Ln 25
Net assets
$2.2M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $53K
Where spending went · Part IX cols B–D
Program services $0.75 Management & general $0.22 Fundraising $0.03
Program efficiency
75%
of spending reaches programs
Operating runway
15.6mo
months of highly liquid reserves at operating expense rate
Surplus margin
+8%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$647K
FY2023▲ +5%
Expenses
$595K
FY2023▲ +5%
Total assets
$2.2M
FY2023▲ +3%
Total liabilities
$26K
FY2023▼ -72%
Total revenue
$647K
Pt VIII · Ln 12
Total expenses
$595K
Pt IX · Ln 25
Net assets
$2.2M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$53K
Total assetsPt X · Ln 16$2.2M
Program-expense ratioPt IX · col B75%
Voting members of governing bodyPt I · Ln 321
Independent voting membersPt I · Ln 421

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CWatch Hill Conservancy
EINHdr · item D05-0506961
Principal addressHdr · item CWesterly, RI
Year of formationHdr · item Lpending
State of legal domicileHdr · item MRI
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEnvironment (C300)
Ruling yearIRS BMFOct 1999

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a21
Independent voting membersPt VI · Ln 1b21
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
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

3 program services account for $445K of program spending, described in the organization's own filed words · FY2023.
01

Conservation Efforts

2023 was the 18TH year of the conservancy's involvement in napatree point conservation area programming, and the 11TH year that the conservancy has been lead steward of napatree, assuming this role from the watch hill fire district in 2013.

$281Kprogram expense
02

Preserving Community Character

An important part of the conservancy's mission is to preserve and enhance the historic character of the community. Most of watch hill is recognized as an historic district on the national register of historic places as designated by the united states secretary of the interior and the national park service.

$83Kprogram expense
03

Informing the Community

2023 was the conservancy's sixth year hosting the lanphear live speaker series. The conservancy designed the series to inform the community on topics that are interesting and timely, typically covering areas such as science, history, nature and technology. Lanphear live is held in the chaplin b.

$80Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$636K · 98%
Investment income$30K · 5%
Contributions & grants98%$636K
Investment income5%$30K
Total revenueLn 12$647K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.75 Management & general $0.22 Fundraising $0.03
Program services75%$445K
Management & general22%$130K
Fundraising3%$20K
Total functional expensesLn 25$595K

Balance Sheet

Part X · end of year
CashLn 1$137K
Total assetsLn 16$2.2M
Total liabilitiesLn 26$26K
Total net assetsLn 32$2.2M
Months of cash on handcomputed2.8

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $773K · Operating expenses/yr $595K
15.6 months
Where the money goes
Program services
Program services $445K · Total expenses $595K
75%
Management & General
Management & general $130K · Total expenses $595K
22%
Fundraising
Fundraising $20K · Total expenses $595K
3%
Cost to raise $1
Fundraising expense (3-yr avg) $26K · Solicited contributions (3-yr avg) $545K
$0.05 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $636K · Total revenue $647K
98%
Government reliance
Government grants — · Total revenue $647K
Earned-income share
Program service revenue $0 · Total revenue $647K
0%
Investment reliance
Investment income $30K · Total revenue $647K
+5%
Program self-sufficiency
Program service revenue $0 · Total expenses $595K
0%
Growth & trend
Revenue growth (YoY)
This year $647K · Prior year $615K
+5%
Net-asset trend (YoY)
End of year $2.2M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $647K · Expenses $595K
+8%
Liabilities-to-Assets
Total liabilities — · Total assets $2.2M
Net-asset ratio
Net assets $2.2M · Total assets $2.2M
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $636K · Other securities (Pt X, ln 12) $194 · Total assets (Pt X, ln 16) $2.2M
29%
People & payroll
Highest Reported Total Compensation
Individual Dennis Algiere · Reported title DIRECTOR · Highest reported compensation $0 · Total expenses $595K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $244K · Total expenses $595K
41%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 75%
Overhead ratio 22%
Fundraising cost ratio 3%
Revenue growth 5%
Investment management fee ratio 0.10%
Legal fee ratio 17%
Accounting fee ratio 2%

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 2 funders$12K

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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)$805K revenue · ⤓ 990 PDF
FY2023$647K revenue · viewing · ⤓ 990 PDF
FY2022$615K revenue · ⤓ 990 PDF
FY2021$500K revenue · ⤓ 990 PDF
FY2020$398K 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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