Sconset Trust INC

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Conservation of open space

Form 990 Part I, line 1, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 22-2561811) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
71¢ of each $1 spent went to programs.
$271K 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

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $4.2M a year · 87% of revenue · last 5 filings
A surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
71%
of spending
71% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$271K
to officers and key staff · 31% of spending
Pay to officers and key staff is 31% of spending.
Part VII, Section A
31.9 mo
of spending, in cash
Plus $8.2M in investments, Pt X · Ln 11–13
31.9 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $73K
4 funders name it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$6.1M
10% of total assets
Liabilities are 10% of assets.
Pt X · Ln 26
Independent board members
18
of 18 voting members
18 of 18 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$16.3M
+645% vs prior year
Spent
$884K
To programs
71%
Net assets
$53.1M
By yearFY2020–FY2024
Revenue
$16.3M
FY2024▲ +645%
Tap a bar for its year
Revenue by fiscal year
FY2020$692K
FY2021$3.9M
FY2022$1.2M
FY2023$2.2M
FY2024$16.3M
Expenses
$884K
FY2024▲ +39%
Tap a bar for its year
Expenses by fiscal year
FY2020$349K
FY2021$494K
FY2022$859K
FY2023$634K
FY2024$884K
Net assets
$53.1M
FY2024▲ +33%
Tap a bar for its year
Net assets by fiscal year
FY2020$36.3M
FY2021$38.1M
FY2022$37.1M
FY2023$39.8M
FY2024$53.1M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 1985.

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

Where the money goes

71 cents of each dollar spent went to programs.

Program services 71% · $629K Management & general 23% · $200K Fundraising 6% · $55K

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

Something off? Claim to add context

Who runs it and what they're paid

20 people listed on the 990; $271K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
$141,350Pt VII · Sec A
Executive Director
$130,000Pt VII · Sec A
$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

Elizabeth Grubbs’s $141K as Employee is at the 12th 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.

See Sconset Trust INC 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 open spaces, water resources, and historic structures, also supporting the commercial center of Siasconset, Massachusetts.

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1 program · $629K · in their own filed words · FY2024
01

Conservation of areas of open land and public water resources. Preservation of the character of the village of siasconset ma. Preserving historically and/or architecturally significant structures. Support of the fostering a healthy commercial center component of its mission statement.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 22-2561811) · Dispute this line
$629Kprogram 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
Total grants receivedfrom 4 funders$73K
See all 4 funders →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$16.3M
Ln 12
Gifts and grantsLn 1h$13.0M
Other incomeLn 4–11$3.1M
Investment incomeLn 3$220K
Money outPt IX
$884K
Ln 25
Programscol B$629K
Managementcol C$200K
Fundraisingcol D$55K
Owns and owesPt X
$53.1M
net assets · Ln 32
Cash and savingsLn 1–2$2.4M
Total assetsLn 16$59.1M
LiabilitiesLn 26$6.1M
PeoplePt VI, VII
20
listed · VII A
PaidVII A2
Voting boardVI 1a18
IndependentVI 1b18
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$13.0M
Noncash giftsLn 1g$216K
Investment incomeLn 3$220K
Other incomeLn 4–11$3.1M
Gains on assetsLn 7$2.8M
Total revenueLn 12$16.3M
Assets in detailPt X, end of year
CashLn 1$2.3M
SavingsLn 2$60K
Cash and savings togetherLn 1–2$2.4M
Pledges and grants receivableLn 3$4.3M
Accounts receivableLn 4$19K
Inventories for sale or useLn 8$24K
Prepaid expenses and deferred chargesLn 9$28K
Land, buildings, equipmentLn 10c$12.4M
InvestmentsLn 11–13$8.2M
Other assetsLn 15$31.8M
Total assetsLn 16$59.1M
LiabilitiesLn 26$6.1M
Net assetsLn 32$53.1M
OperationsPt I, VI
EmployeesI 52
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3More from this return
Abroad and in kindSch F, M
Noncash gifts receivedSch M Pt I$216K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$2.2M$2.4M
InvestmentsLn 11–13$8.3M$8.2M
Land, buildings, equipmentLn 10c$4.6M$12.4M
Total assetsLn 16$43.2M$59.1M
LiabilitiesLn 26$3.4M$6.1M
Net assetsLn 32$39.8M$53.1M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$365K$274K$46K$46K
Other employee benefitsLn 9$7K$5K$866$866
Payroll taxesLn 10$30K$22K$4K$4K
Legal feesLn 11b$28K$18K$10K
Accounting feesLn 11c$13K$13K
Other fees for servicesLn 11g$64K$31K$33K
Office expensesLn 13$6K$6K
InterestLn 20$72K$72K
Depreciation, depletion and amortizationLn 22$8K$8K
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$224K$175K$49K
All other expensesLn 24e$64K$24K$35K$5K
Total functional expensesLn 25$884K$629K$200K$55K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS Oct 31, 2025 $16.3M$884K$15.4M$53.1M 990 PDF
FY2023Filed with the IRS Oct 17, 2024 $2.2M$634K$1.5M$39.8M 990 PDF
FY2022Filed with the IRS Nov 3, 2023 $1.2M$859K$301K$37.1M 990 PDF
FY2021Filed with the IRS Oct 28, 2022 $3.9M$494K$3.4M$38.1M 990 PDF
FY2020Filed with the IRS Nov 5, 2021 $692K$349K$343K$36.3M 990 PDF

Schedules filed Part IV

A · Public support I · Grants M · Noncash O · Explanations
See the full FY2024 990
Part I · Summary $16,273,561 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,929,664$12,985,248
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $85,418$3,057,275
I-11 Other revenuePrior year $168,674$231,038
I-12 Total revenuePrior year $2,183,756$16,273,561
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 $200,749$401,667
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $433,109$481,967
I-18 Total expensesPrior year $633,858$883,634
I-19 Revenue less expensesPrior year $1,549,898$15,389,927
Part VI · Governance 18 of 18 board members independent, 1 to look at
VI-1a Voting members of the governing body18
VI-1b Independent voting members18
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $16,273,561 across 8 lines filed
VIII-1f All other contributions, gifts and grants$12,985,248
VIII-1g Noncash contributions (included above)$216,124
VIII-1h Total contributions, gifts and grants$12,985,248
VIII-3 Investment incomeExcluded from tax $219,758$219,758
VIII-6 Net rental income or lossRelated to mission −$152,816−$152,816
VIII-7 Net gain or loss on sales of assetsRelated to mission $2,837,517$2,837,517
VIII-8 Net income from fundraising eventsExcluded from tax $383,854$383,854
VIII-12 Total revenueRelated to mission $2,684,701 · Unrelated business $0 · Excluded from tax $603,612$16,273,561
Part IX · Statement of functional expenses $883,634 across 12 lines filed
IX-7 Other salaries and wagesPrograms $273,863 · Management $45,644 · Fundraising $45,643$365,150
IX-9 Other employee benefitsPrograms $5,195 · Management $866 · Fundraising $866$6,927
IX-10 Payroll taxesPrograms $22,193 · Management $3,699 · Fundraising $3,698$29,590
IX-11b Legal feesPrograms $18,227 · Management $9,852$28,079
IX-11c Accounting feesManagement $12,975$12,975
IX-11g Other fees for servicesPrograms $30,834 · Management $33,109$63,943
IX-13 Office expensesManagement $5,956$5,956
IX-20 InterestPrograms $72,041$72,041
IX-22 Depreciation, depletion and amortizationPrograms $7,732$7,732
IX-23 InsuranceManagement $2,968$2,968
IX-24 Other expenses (24a–d)Programs $174,863 · Management $49,245$224,108
IX-24e All other expensesPrograms $24,153 · Management $35,263 · Fundraising $4,749$64,165
IX-25 Total functional expensesPrograms $629,101 · Management $199,577 · Fundraising $54,956$883,634
Part X · Balance sheet $59,148,570 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $2,098,128$2,291,217
X-2 Savings and temporary cash investmentsStart of year $81,870$60,057
X-3 Pledges and grants receivableStart of year $145,312$4,327,316
X-4 Accounts receivable$19,019
X-8 Inventories for sale or useStart of year $13,206$24,107
X-9 Prepaid expenses and deferred chargesStart of year $13,706$27,892
X-10c Land, buildings and equipment, netStart of year $4,625,044$12,448,587
X-11 Publicly traded securitiesStart of year $7,209,438$8,141,339
X-12 Other securitiesStart of year $1,087,467$42,383
X-15 Other assetsStart of year $27,902,513$31,766,653
X-16 Total assetsStart of year $43,176,684$59,148,570
X-17 Accounts payable and accrued expensesStart of year $187,696$200,361
X-23 Secured mortgages and notes payableStart of year $3,166,666$5,833,333
X-25 Other liabilitiesStart of year $7,000$27,102
X-26 Total liabilitiesStart of year $3,361,362$6,060,796
X-27 Net assets without donor restrictionsStart of year $33,172,028$46,415,312
X-28 Net assets with donor restrictionsStart of year $6,643,294$6,672,462
X-32 Total net assets or fund balancesStart of year $39,815,322$53,087,774
X-33 Total liabilities and net assetsStart of year $43,176,684$59,148,570
Part XI · Reconciliation of net assets $53,087,774 net assets at year end
XI-1 Total revenue$16,273,561
XI-2 Total expenses$883,634
XI-3 Revenue less expenses$15,389,927
XI-4 Net assets at start of year$39,815,322
XI-5 Net unrealized gains (losses) on investments−$2,117,475
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$53,087,774

Form 990 e-file FY2024 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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