Panthera Corporation

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Panthera's mission is the conservation of the world's 40 wild cat species, many of which are endangered or threatened. Panthera develops, implements and oversees wild cat conservation strategies on a global scale.

501(c)(3) charity; gifts are tax-deductible.
84¢ of each $1 spent went to programs.
Run by 11 volunteers and 56 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average surplus $10.4M a year · 30% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
84%
of spending
Looks good: 84% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$2.3M
to officers and key staff · 8% of spending
Looks good: pay to officers and key staff is 8% of spending; 15% or less.
Pt VII · Sec A
5 mo
of spending, in cash
Looks good: 4.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $30K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$3.9M
5% of total assets
Looks good: liabilities are 5% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 12 voting members
Looks good: 11 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$91.8M
+272% vs prior year
Spent
$30.1M
To programs
84%
Net assets
$75.9M
By yearFY2020–FY2025
Revenue
$91.8M
FY2025▲ +272%
Tap a bar for its year
Revenue by fiscal year
FY2020$15.1M
FY2021$19.5M
FY2022$20.3M
FY2023$38.3M
FY2024$24.7M
FY2025$91.8M
Expenses
$30.1M
FY2025▲ +1%
Tap a bar for its year
Expenses by fiscal year
FY2020$14.4M
FY2021$19.9M
FY2022$24.0M
FY2023$29.1M
FY2024$29.7M
FY2025$30.1M
Net assets
$75.9M
FY2025▲ +432%
Tap a bar for its year
Net assets by fiscal year
FY2020$14.5M
FY2021$14.0M
FY2022$10.3M
FY2023$19.4M
FY2024$14.3M
FY2025$75.9M

From the FY2025 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 2006.

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

Where the money goes

84 cents of each dollar spent went to programs.

Program services 84% · $25.3M Management & general 11% · $3.4M Fundraising 4% · $1.3M

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

21 people listed on the 990; $2.3M paid to officers and key staff.

Part VII, Section A · reportable compensation
President/CEO
$500,015Pt VII · Sec A
Treasurer/EVP & Cfoo
$301,228Pt VII · Sec A
Ed Conservation Action
$218,708Pt VII · Sec A
General Counsel/Secretary
$203,527Pt VII · Sec A
$195,589Pt VII · Sec A
Ed Business Development
$195,276Pt VII · Sec A
Controller
$191,176Pt VII · Sec A
Senior Dir of Global Policy/Cons Science
$186,063Pt VII · Sec A

Frederic Launay’s $500K as President/CEO is at the 88th percentile of top reported officer pay among 225 $10–100M animals 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

NameFY2025FY2024FY2023FY2022FY2021FY2020
Frederic Launay$500,015$517,657$463,378$486,188$281,250$328,632
Kevin McNulty$301,228$295,757$262,119$126,477——
Joseph Smith PHD$218,708$193,562$176,169$155,500——
Emily Beverage$203,527$180,078$129,435———
Carolyn Gibson$195,589$184,127$176,822$140,000——
Eric Ventura$195,276$191,817$174,200$157,933$144,200$104,634
Hisham Fahim$191,176$170,681$162,187———
Karen Wood$186,063$181,821$174,938$168,192$162,557$145,477

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 Panthera Corporation executive salaries →

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

Programs and updates

Conserves the world's 40 wild cat species.

Questions for Panthera Corporation

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3 programs · $11.2M · in their own filed words · FY2025
01

Lion

Panthera combines an understanding of lion ecology in human dominated landscapes with techniques that provide local communities with the ability and incentive to avoid conflict with lions. In addition, panthera also works to curtail widespread wire-snare poaching, which is pervasive in many key lion landscapes, including kafue NP…

$4.3Mprogram expense
02

Leopard

Panthera conducts long-term, citizen-science-based monitoring at flagship sites such as south africa's sabi sands game reserve and supports the southern african leopard monitoring program across south africa, namibia, zambia, and zimbabwe to guide patrol efforts and wildlife corridors.

$4.2Mprogram expense
03

Jaguar

Panthera utilizes a range-wide approach focusing on the entire spectrum of species influences and dynamics, including prey, key populations, threat mitigation, education and building genetic corridors in which jaguars can move safely.

$2.7Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 4 funders$30K
See all 4 funders →
Grants paid · 46 grants · $3.2M · 2020–2025
Fishing Cat Conservation AllianceFY2025$150,000
Unitemized GrantFY2025$86,000
U C Santa Cruz FoundationCA · FY2025$30,000
Fishing Cat Conservation AllianceFY2024$155,363
Unitemized GrantFY2024$76,000
Cheetah Conservation FundVA · FY2024$5,363
Fishing Cat Conservation AllianceFY2023$150,000
Fishing Cat Conservation AllianceFY2023$150,000
Unitemized GrantFY2023$91,088
Unitemized GrantFY2023$91,088
Individual RecipientFY2023$62,485
Individual RecipientFY2023$62,485
U C Santa Cruz FoundationCA · FY2023$16,915
See all 46 grants →

Federal money

Single Audit · Federal Audit Clearinghouse · money spent from federal programs
Year ending Dec 2025 · $1.1M federal money spent
Trans-National CrimeDepartment of State · ALN 19.705 · Direct$922K
African Elephant Conservation FundDepartment of the Interior · ALN 15.620 · Direct$83K
Rhinoceros and Tiger Conservation FundDepartment of the Interior · ALN 15.619 · Direct$43K
Asian Elephant Conservation FundDepartment of the Interior · ALN 15.621 · Direct$16K
Latin America and Caribbean RegionalDepartment of the Interior · ALN 15.640 · Direct$12K

Plus 1 smaller program.

The auditor reported 1 finding: a material weakness in money controls, questioned costs.

Year ending Dec 2024 · $2.6M federal money spent
Trans-National CrimeDepartment of State · ALN 19.705 · Direct$2.1M
Rhinoceros and Tiger Conservation FundDepartment of the Interior · ALN 15.619 · Direct$294K
Asian Elephant Conservation FundDepartment of the Interior · ALN 15.621 · Direct$142K
African Elephant Conservation FundDepartment of the Interior · ALN 15.620 · Direct$36K
International Forestry ProgramsDepartment of Agriculture · ALN 10.684 · Direct$4K

The auditor reported 1 finding: a material weakness in money controls, questioned costs.

Year ending Dec 2023 · $1.6M federal money spent
Trans-National CrimeDepartment of State · ALN 19.705 · Direct$1.4M
Rhinoceros and Tiger Conservation FundDepartment of the Interior · ALN 15.619 · Direct$191K
International Forestry ProgramsDepartment of Agriculture · ALN 10.684 · Direct$46K
Latin America and Caribbean RegionalDepartment of the Interior · ALN 15.640 · Direct$29K

The auditor reported 2 findings: a material weakness in money controls, questioned costs.

Year ending Dec 2022 · $3.5M federal money spent
Trans-National CrimeDepartment of State · ALN 19.705 · Direct$3.2M
Rhinoceros and Tiger Conservation FundDepartment of the Interior · ALN 15.619 · Direct$239K
Latin America and Caribbean RegionalDepartment of the Interior · ALN 15.640 · Direct$64K
Combating Wildlife TraffickingDepartment of the Interior · ALN 15.679 · Direct$38K

The auditor reported 10 findings: a material weakness in money controls, questioned costs.

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$91.8M
Ln 12
Gifts and grantsLn 1h$91.6M
Other incomeLn 4–11$166K
Investment incomeLn 3$55K
Money outPt IX
$30.1M
Ln 25
Programscol B$25.3M
Managementcol C$3.4M
Fundraisingcol D$1.3M
Owns and owesPt X
$75.9M
net assets · Ln 32
Cash and savingsLn 1–2$11.8M
Total assetsLn 16$79.7M
LiabilitiesLn 26$3.9M
PeoplePt VI, VII
21
listed · VII A
PaidVII A10
Voting boardVI 1a12
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$91.6M
Government grantsLn 1e$3.6M
Noncash giftsLn 1g$4.2M
Investment incomeLn 3$55K
Other incomeLn 4–11$166K
Gains on assetsLn 7$45K
Total revenueLn 12$91.8M
Assets in detailPt X, end of year
CashLn 1$63K
SavingsLn 2$11.7M
Cash and savings togetherLn 1–2$11.8M
Land, buildings, equipmentLn 10c$2.6M
Other assetsLn 15$524K
Total assetsLn 16$79.7M
LiabilitiesLn 26$3.9M
Net assetsLn 32$75.9M
OperationsPt I, VI
EmployeesI 556
VolunteersI 611
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
Abroad and in kindSch F, M
Grants to other countriesSch F Pt II–III$1.4M
Noncash gifts receivedSch M Pt I$4.2M
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$5.4M$11.8M
Land, buildings, equipmentLn 10c$2.7M$2.6M
Total assetsLn 16$19.7M$79.7M
LiabilitiesLn 26$5.4M$3.9M
Net assetsLn 32$14.3M$75.9M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$376K$376K
Grants to domestic individualsLn 2$86K$86K
Grants and assistance to foreign recipientsLn 3$1.4M$1.4M
Pay of current officers, directors and key staffLn 5$1.5M$1.5M
Other salaries and wagesLn 7$12.2M$11.3M$149K$673K
Pension plan contributionsLn 8$428K$368K$33K$27K
Other employee benefitsLn 9$1.9M$1.7M$91K$84K
Payroll taxesLn 10$886K$683K$141K$62K
Legal feesLn 11b$84K$39K$42K$3K
Accounting feesLn 11c$108K$87K$20K$1K
Professional fundraising feesLn 11e$150K$150K
Investment management feesLn 11f$814$814
Other fees for servicesLn 11g$3.6M$2.6M$719K$195K
Office expensesLn 13$219K$171K$45K$4K
Information technologyLn 14$1.0M$936K$85K$17K
OccupancyLn 16$518K$509K$8K$1K
TravelLn 17$1.6M$1.4M$99K$90K
Conferences, conventions and meetingsLn 19$4K$4K
Depreciation, depletion and amortizationLn 22$499K$131K$345K$23K
InsuranceLn 23$187K$130K$54K$3K
Other expenses (24a–d)Ln 24$2.9M$2.9M$6K$1K
All other expensesLn 24e$516K$426K$78K$12K
Total functional expensesLn 25$30.1M$25.3M$3.4M$1.3M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS Jul 2, 2026 $91.8M$30.1M$61.7M$75.9M 990 PDF
FY2024Filed with the IRS Jul 1, 2025 $24.7M$29.7M−$5.0M$14.3M 990 PDF
FY2023Filed with the IRS Jul 17, 2024 $38.3M$29.1M$9.1M$19.4M 990 PDF
FY2022Filed with the IRS Nov 7, 2023 $20.3M$24.0M−$3.7M$10.3M 990 PDF
FY2021Filed with the IRS Nov 15, 2022 $19.5M$19.9M−$402K$14.0M 990 PDF
FY2020Filed with the IRS Nov 10, 2021 $15.1M$14.4M$666K$14.5M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support F · Foreign M · Noncash J · Pay O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $91,771,873 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $24,485,511$91,551,287
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $71,356$54,955
I-11 Other revenuePrior year $101,335$165,631
I-12 Total revenuePrior year $24,658,202$91,771,873
I-13 Grants and similar amounts paidPrior year $2,142,009$1,813,821
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $14,410,449$16,866,077
I-16a Professional fundraising feesPrior year $193,795$149,560
I-17 Other expensesPrior year $12,926,010$11,248,277
I-18 Total expensesPrior year $29,672,263$30,077,735
I-19 Revenue less expensesPrior year −$5,014,061$61,694,138
Part VI · Governance 11 of 12 board members independent, no flags
VI-1a Voting members of the governing body12
VI-1b Independent voting members11
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 $91,771,873 across 8 lines filed
Lines not itemized here account for $13,795 of total revenue; see the IRS return.
VIII-1e Government grants$3,591,630
VIII-1f All other contributions, gifts and grants$87,959,657
VIII-1g Noncash contributions (included above)$4,187,591
VIII-1h Total contributions, gifts and grants$91,551,287
VIII-3 Investment incomeExcluded from tax $9,623$9,623
VIII-7 Net gain or loss on sales of assetsExcluded from tax $45,332$45,332
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $151,836$151,836
VIII-12 Total revenueRelated to mission $13,795 · Unrelated business $0 · Excluded from tax $206,791$91,771,873
Part IX · Statement of functional expenses $30,077,735 across 22 lines filed
IX-1 Grants to domestic organizationsPrograms $375,856$375,856
IX-2 Grants to domestic individualsPrograms $86,000$86,000
IX-3 Grants and assistance to foreign recipientsPrograms $1,351,965$1,351,965
IX-5 Pay of current officers, directors and key staffManagement $1,504,775$1,504,775
IX-7 Other salaries and wagesPrograms $11,343,830 · Management $148,954 · Fundraising $673,206$12,165,990
IX-8 Pension plan contributionsPrograms $368,482 · Management $33,270 · Fundraising $26,608$428,360
IX-9 Other employee benefitsPrograms $1,705,786 · Management $91,149 · Fundraising $84,108$1,881,043
IX-10 Payroll taxesPrograms $682,627 · Management $141,001 · Fundraising $62,281$885,909
IX-11b Legal feesPrograms $39,172 · Management $42,040 · Fundraising $2,803$84,015
IX-11c Accounting feesPrograms $86,672 · Management $20,384 · Fundraising $1,359$108,415
IX-11e Professional fundraising feesFundraising $149,560$149,560
IX-11f Investment management feesManagement $814$814
IX-11g Other fees for servicesPrograms $2,641,511 · Management $718,876 · Fundraising $194,647$3,555,034
IX-13 Office expensesPrograms $170,565 · Management $44,581 · Fundraising $3,528$218,674
IX-14 Information technologyPrograms $936,278 · Management $84,688 · Fundraising $17,323$1,038,289
IX-16 OccupancyPrograms $508,849 · Management $7,996 · Fundraising $1,445$518,290
IX-17 TravelPrograms $1,449,514 · Management $99,293 · Fundraising $90,047$1,638,854
IX-19 Conferences, conventions and meetingsPrograms $3,726$3,726
IX-22 Depreciation, depletion and amortizationPrograms $131,005 · Management $344,771 · Fundraising $22,985$498,761
IX-23 InsurancePrograms $129,706 · Management $53,557 · Fundraising $3,473$186,736
IX-24 Other expenses (24a–d)Programs $2,873,496 · Management $6,010 · Fundraising $1,277$2,880,783
IX-24e All other expensesPrograms $425,816 · Management $78,273 · Fundraising $11,797$515,886
IX-25 Total functional expensesPrograms $25,310,856 · Management $3,420,432 · Fundraising $1,346,447$30,077,735
Part X · Balance sheet $79,743,099 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $4,209$63,475
X-2 Savings and temporary cash investmentsStart of year $5,391,793$11,743,611
X-3 Pledges and grants receivableStart of year $9,829,508$64,047,471
X-4 Accounts receivableStart of year $56,558$21,016
X-8 Inventories for sale or useStart of year $212,629$274,157
X-9 Prepaid expenses and deferred chargesStart of year $428,503$487,932
X-10c Land, buildings and equipment, netStart of year $2,734,190$2,581,272
X-15 Other assetsStart of year $1,050,160$524,165
X-16 Total assetsStart of year $19,707,550$79,743,099
X-17 Accounts payable and accrued expensesStart of year $1,929,325$1,672,638
X-19 Deferred revenueStart of year $3,165,255$2,093,204
X-25 Other liabilitiesStart of year $351,341$114,737
X-26 Total liabilitiesStart of year $5,445,921$3,880,579
X-27 Net assets without donor restrictionsStart of year $699,552$741,009
X-28 Net assets with donor restrictionsStart of year $13,562,077$75,121,511
X-32 Total net assets or fund balancesStart of year $14,261,629$75,862,520
X-33 Total liabilities and net assetsStart of year $19,707,550$79,743,099
Part XI · Reconciliation of net assets $75,862,520 net assets at year end
XI-1 Total revenue$91,771,873
XI-2 Total expenses$30,077,735
XI-3 Revenue less expenses$61,694,138
XI-4 Net assets at start of year$14,261,629
XI-9 Other changes in net assets−$93,247
XI-10 Net assets at end of year$75,862,520

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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