Sconset Trust INC FY2020 filing

Tax-deductible

Siasconset, MA501(c)(3)Since 1984EnvironmentEIN 22-2561811Revenue $692K in FY2020

On file with the IRSsconsettrust.orgPo Box 821, 02564-0821 · Siasconset, MATax-exempt since Mar 1985Publicly supported charity — 170(b)(1)(A)(vi)

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Conservation of open space

501(c)(3) charity; gifts are tax-deductible.
62¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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 $4.2M a year · 87% 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
62%
of spending
Worth a look: 62% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
35 mo
of spending, in cash
Looks good: 35.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $73K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$37K
0.1% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
21
of 21 voting members
Looks good: 21 of 21 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$692K
Spent
$349K
To programs
62%
Net assets
$36.3M
By yearFY2020–FY2024
Revenue
$692K
FY2020
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
$349K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$349K
FY2021$494K
FY2022$859K
FY2023$634K
FY2024$884K
Net assets
$36.3M
FY2020
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 FY2020 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: FY2024. IRS ruling in Mar 1985.

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

Where the money goes

62 cents of each dollar spent went to programs.

Program services 62% · $218K Management & general 30% · $105K Fundraising 8% · $26K

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.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$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.

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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

Programs and updates

Conserves open spaces, water resources, and historic structures, also supporting the commercial center of Siasconset, Massachusetts.

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Provided by the organization

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1 program · $218K · in their own filed words · FY2020
01

Conservation of areas of open land and public water resources. Preservation of the character of the village of siasconset ma. Educational programs, study of the area, and maintanence of the lighthouse.

$218Kprogram 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 FY2020 990, line by line.

1The main four
Money inPt VIII
$692K
Ln 12
Gifts and grantsLn 1h$518K
Investment incomeLn 3$117K
Other incomeLn 4–11$57K
Money outPt IX
$349K
Ln 25
Programscol B$218K
Managementcol C$105K
Fundraisingcol D$26K
Owns and owesPt X
$36.3M
net assets · Ln 32
Cash and savingsLn 1–2$1.0M
Total assetsLn 16$36.3M
LiabilitiesLn 26$37K
PeoplePt VI, VII
21
listed · VII A
PaidVII A0
Voting boardVI 1a21
IndependentVI 1b21
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$518K
Investment incomeLn 3$117K
Other incomeLn 4–11$57K
Total revenueLn 12$692K
Assets in detailPt X, end of year
CashLn 1$879K
SavingsLn 2$144K
Cash and savings togetherLn 1–2$1.0M
InvestmentsLn 11–13$10.3M
Land, buildings, equipmentLn 10c$1.8M
Other assetsLn 15$23.1M
Total assetsLn 16$36.3M
LiabilitiesLn 26$37K
Net assetsLn 32$36.3M
OperationsPt I, VI
EmployeesI 52
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
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$741K$1.0M
InvestmentsLn 11–13$9.6M$10.3M
Land, buildings, equipmentLn 10c$1.9M$1.8M
Total assetsLn 16$35.4M$36.3M
LiabilitiesLn 26$7K$37K
Net assetsLn 32$35.4M$36.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$141K$106K$18K$18K
Payroll taxesLn 10$11K$8K$1K$1K
Legal feesLn 11b$5K$5K
Accounting feesLn 11c$8K$8K
Other fees for servicesLn 11g$23K$6K$16K
Office expensesLn 13$4K$4K
Depreciation, depletion and amortizationLn 22$24K$24K
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$95K$60K$35K
All other expensesLn 24e$36K$14K$15K$7K
Total functional expensesLn 25$349K$218K$105K$26K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $16.3M$884K$15.4M$53.1M 990 PDF
FY2023 $2.2M$634K$1.5M$39.8M 990 PDF
FY2022 $1.2M$859K$301K$37.1M 990 PDF
FY2021 $3.9M$494K$3.4M$38.1M 990 PDF
FY2020 Viewing $692K$349K$343K$36.3M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $692,150 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $5,678,203$517,571
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $170,312$117,484
I-11 Other revenuePrior year $154,889$57,095
I-12 Total revenuePrior year $6,003,404$692,150
I-13 Grants and similar amounts paidPrior year $400,000$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $158,582$152,132
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $190,239$196,659
I-18 Total expensesPrior year $748,821$348,791
I-19 Revenue less expensesPrior year $5,254,583$343,359
Part VI · Governance 21 of 21 board members independent, 1 to look at
VI-1a Voting members of the governing body21
VI-1b Independent voting members21
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 $692,150 across 5 lines filed
VIII-1f All other contributions, gifts and grants$517,571
VIII-1h Total contributions, gifts and grants$517,571
VIII-3 Investment incomeExcluded from tax $117,484$117,484
VIII-8 Net income from fundraising eventsExcluded from tax $57,095$57,095
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $174,579$692,150
Part IX · Statement of functional expenses $348,791 across 10 lines filed
IX-7 Other salaries and wagesPrograms $105,928 · Management $17,655 · Fundraising $17,654$141,237
IX-10 Payroll taxesPrograms $8,171 · Management $1,362 · Fundraising $1,362$10,895
IX-11b Legal feesManagement $4,602$4,602
IX-11c Accounting feesManagement $8,050$8,050
IX-11g Other fees for servicesPrograms $6,220 · Management $16,500$22,720
IX-13 Office expensesManagement $4,181$4,181
IX-22 Depreciation, depletion and amortizationPrograms $23,735$23,735
IX-23 InsuranceManagement $2,829$2,829
IX-24 Other expenses (24a–d)Programs $60,020 · Management $34,855$94,875
IX-24e All other expensesPrograms $13,522 · Management $14,989 · Fundraising $7,156$35,667
IX-25 Total functional expensesPrograms $217,596 · Management $105,023 · Fundraising $26,172$348,791
Part X · Balance sheet $36,343,201 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $599,561$878,552
X-2 Savings and temporary cash investmentsStart of year $141,860$144,087
X-3 Pledges and grants receivableStart of year $15,000$0
X-4 Accounts receivableStart of year $0$7,500
X-8 Inventories for sale or useStart of year $15,376$17,821
X-9 Prepaid expenses and deferred chargesStart of year $6,345$6,584
X-10c Land, buildings and equipment, netStart of year $1,850,327$1,826,592
X-11 Publicly traded securitiesStart of year $5,837,475$4,394,153
X-12 Other securitiesStart of year $3,767,480$5,925,787
X-15 Other assetsStart of year $23,142,125$23,142,125
X-16 Total assetsStart of year $35,375,549$36,343,201
X-17 Accounts payable and accrued expensesStart of year $6,976$8,073
X-19 Deferred revenueStart of year $0$250
X-25 Other liabilitiesStart of year $0$29,100
X-26 Total liabilitiesStart of year $6,976$37,423
X-27 Net assets without donor restrictionsStart of year $28,638,540$29,549,594
X-28 Net assets with donor restrictionsStart of year $6,730,033$6,756,184
X-32 Total net assets or fund balancesStart of year $35,368,573$36,305,778
X-33 Total liabilities and net assetsStart of year $35,375,549$36,343,201
Part XI · Reconciliation of net assets $36,305,778 net assets at year end
XI-1 Total revenue$692,150
XI-2 Total expenses$348,791
XI-3 Revenue less expenses$343,359
XI-4 Net assets at start of year$35,368,573
XI-5 Net unrealized gains (losses) on investments$593,846
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$36,305,778

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

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