Fishers Island Conservancy INC EIN 11-2751434 Form 990 (PDF) Claim this org

Fishers Island Conservancy INC

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Protects the natural environment of Fishers Island. For fiscal year 2024 it reported $225K in revenue, $275K in expenses, and $1.6M in net assets.Pt I

Type
Public charity (501(c)(3)) · Environment
Location
Fishers Isle, NY
Website
www.ficonservancy.org
Filings
5 on file (2020–2024)
Revenue
$225KFY2024
Expenses
$275K
Net assets
$1.6M
People
17
Filings
5
Updates
0
More identity details & actions ⌄
EIN  11-2751434 Public charity (501(c)(3)) Fishers Isle, NY
Form 990 (PDF)
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Size
$100K–1M
What they do
Protects the natural environment of Fishers Island.
Leadership
Tom Sargent · President
Money in and out
$225K revenue, $275K expenses
Bottom line
80% program efficiency
Where the money goes · FY2024
Total revenue
$225K
Pt VIII · Ln 12
Total expenses
$275K
Pt IX · Ln 25
Net assets
$1.6M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$50K
Where spending went · Part IX cols B–D
Program services $0.80 Management & general $0.19 Fundraising $0.00
Program efficiency
80%
of spending reaches programs▼ -6% vs prior filing year
Operating runway
69.0mo
months of highly liquid reserves at operating expense rate▲ +13% vs prior filing year
Surplus margin
-22%
revenue over expenses, this year▼ -287% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$225K
FY2024▼ -18%
Expenses
$275K
FY2024▼ -5%
Total assets
$1.6M
FY2024▲ +7%
Total liabilities
$270
FY2024▼ -63%
Total revenue
$225K
Pt VIII · Ln 12
Total expenses
$275K
Pt IX · Ln 25
Net assets
$1.6M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$50K
Total assetsPt X · Ln 16$1.6M
Program-expense ratioPt IX · col B80%
Voting members of governing bodyPt I · Ln 317
Independent voting membersPt I · Ln 417

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CFishers Island Conservancy INC
EINHdr · item D11-2751434
Principal addressHdr · item CFishers Isle, NY
WebsiteHdr · item Jwww.ficonservancy.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEnvironment (C013)
Ruling yearIRS BMFSep 1985

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a17
Independent voting membersPt VI · Ln 1b17
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
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
President
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
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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 · FY2024.
01

Habitat conservation management and education

$181Kprogram expense
02

Beach clean-up, mosquito control and feral cat management

$39Kprogram expense
03

Coastal studies initiative

Pt IX · col B

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Statement of Revenue

Part VIII
Contributions & grants$108K · 48%
Other revenue$76K · 34%
Investment income$41K · 18%
Contributions & grants48%$108K
Other revenue34%$76K
Investment income18%$41K
Total revenueLn 12$225K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.80 Management & general $0.19 Fundraising $0.00
Program services80%$221K
Management & general19%$53K
Fundraising$1K
Total functional expensesLn 25$275K

Balance Sheet

Part X · end of year
CashLn 1$538K
Total assetsLn 16$1.6M
Total liabilitiesLn 26$270
Total net assetsLn 32$1.6M
Months of cash on handcomputed23.5

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.6M · Operating expenses (Pt IX) $275K · Less non-cash grants $2K · Cash operating expenses/yr $273K
69.0 months
Where the money goes
Program services
Program services $221K · Total expenses $275K
80%
Management & General
Management & general $53K · Total expenses $275K
19%
Fundraising
Fundraising $1K · Total expenses $275K
0.5%
Cost to raise $1
Fundraising expense (3-yr avg) $1K · Solicited contributions (3-yr avg) $162K
$0.01 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $108K · Total revenue $225K
48%
Government reliance
Government grants — · Total revenue $225K
Earned-income share
Program service revenue $0 · Total revenue $225K
0%
Investment reliance
Investment income $41K · Total revenue $225K
+18%
Program self-sufficiency
Program service revenue $0 · Total expenses $275K
0%
Growth & trend
Revenue growth (YoY)
This year $225K · Prior year $273K
-18%
Revenue CAGR
FY2020 $190K · FY2024 $225K
+4%
Net-asset trend (YoY)
End of year $1.6M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $225K · Expenses $275K
-22%
Liabilities-to-Assets
Total liabilities — · Total assets $1.6M
Net-asset ratio
Net assets $1.6M · Total assets $1.6M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $1.0M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.6M
66%
People & payroll
Highest Reported Total Compensation
Individual Tom Sargent · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $275K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $145K · Total expenses $275K
53%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 80%
Overhead ratio 19%
Fundraising cost ratio 1%
Revenue growth -18%
Investment management fee ratio 0.9%
Accounting fee ratio 5%

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 · received and paid
Grants received · FY2024
See all 15 funders →
Grants paid · 2 grants · $21K · 2023–2023
Ferguson Museum Eelgrass CoalitioFY2023$15,205
Water Refill StationFY2023$5,815

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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)$225K revenue · viewing · ⤓ 990 PDF
FY2023$273K revenue · ⤓ 990 PDF
FY2022$290K revenue · ⤓ 990 PDF
FY2021$336K revenue · ⤓ 990 PDF
FY2020$190K 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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