The Monadnock Conservancy FY2024 filing

Tax-deductible

Keene, NH501(c)(3)Since 1990EnvironmentEIN 22-3030420Revenue $3.9M in FY2024

On file with the IRSmonadnockconservancy.orgPo Box 337, 03431-0337 · Keene, NHTax-exempt since May 1990Publicly supported charity — 170(b)(1)(A)(vi)

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To work with communities and landowners to conserve the natural resources, wild and working lands, rural character, and scenic beauty of the Monadnock region.

501(c)(3) charity; gifts are tax-deductible.
73¢ of each $1 spent went to programs.
$110K 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
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
6 of 6
filings with a surplus
Average surplus $1.7M a year · 54% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
73%
of spending
Fine: 73% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$110K
to officers and key staff · 7% of spending
Looks good: pay to officers and key staff is 7% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
25 mo
of spending, in cash
Looks good: 25.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $11K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$62K
0.4% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 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
$3.9M
+82% vs prior year
Spent
$1.6M
To programs
73%
Net assets
$15.4M
By yearFY2020–FY2025
Revenue
$3.9M
FY2024▲ +82%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.3M
FY2021$1.6M
FY2022$2.1M
FY2023$2.1M
FY2024$3.9M
FY2025$6.9M
Expenses
$1.6M
FY2024▲ +15%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.6M
FY2021$1.0M
FY2022$1.3M
FY2023$1.4M
FY2024$1.6M
FY2025$1.8M
Net assets
$15.4M
FY2024▲ +28%
Tap a bar for its year
Net assets by fiscal year
FY2020$9.5M
FY2021$11.0M
FY2022$10.8M
FY2023$12.0M
FY2024$15.4M
FY2025$20.9M

From the FY2024 Form 990 (year ending September 2024) · 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 May 1990.

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

Where the money goes

73 cents of each dollar spent went to programs.

Program services 73% · $1.2M Management & general 15% · $237K Fundraising 13% · $204K

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

13 people listed on the 990; $110K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Prior Executive Director
$110,426Pt VII · Sec A
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Ryan Owens’s $99K as Executive Director Through October 2024 is at the 27th percentile of top reported officer pay among 1851 $1–10M 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.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Ryan Owens$99,474$110,426$104,333$97,754$96,689$94,451

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 The Monadnock Conservancy executive salaries →

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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 natural resources, lands, and scenic beauty in the Monadnock Region.

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Provided by the organization

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3 programs · $900K · in their own filed words · FY2023
01

Land protection the organization secured four permanent conservation easements on 304 acres of land. These easements provide the following public benefits protection of significant wildlife habitat as identified by the new hampshire wildlife action plan expansion and connection of existing conserved land conservation of highly productive…

$594Kprogram expense
02

Conservation easement stewardship the organization supported and coordinated 13 volunteers and 4 staff members to monitor 235 conservation easement-encumbered and deed-restricted properties totaling 21,182.5 acres.

$209Kprogram expense
03

Land management and recreation staff and 27 volunteers monitored 26 fee-owned properties totaling over 2,400 acres. Staff performed fieldwork for one new property acquisition to inform management plans and conducted initial visits to three potential future acquisitions.

$98Kprogram 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
Ggm TrFY2025$800
Total grants receivedfrom 3 funders$11K
See all 3 funders →
Grants paid · 2 grants · $28K · 2019–2022
City of KeeneFY2022$12,000
Winchester Learning CenterNH · FY2019$15,793

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$3.9M
Ln 12
Gifts and grantsLn 1h$3.7M
Investment incomeLn 3$135K
Other incomeLn 4–11$13K
Money outPt IX
$1.6M
Ln 25
Programscol B$1.2M
Managementcol C$237K
Fundraisingcol D$204K
Owns and owesPt X
$15.4M
net assets · Ln 32
Cash and savingsLn 1–2$3.3M
Total assetsLn 16$15.5M
LiabilitiesLn 26$62K
PeoplePt VI, VII
13
listed · VII A
PaidVII A1
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.7M
Government grantsLn 1e$202K
Noncash giftsLn 1g$485K
Fees for servicesLn 2g$9K
Investment incomeLn 3$135K
Other incomeLn 4–11$13K
Total revenueLn 12$3.9M
Assets in detailPt X, end of year
SavingsLn 2$3.3M
Cash and savings togetherLn 1–2$3.3M
InvestmentsLn 11–13$5.4M
Land, buildings, equipmentLn 10c$5.0M
Other assetsLn 15$739K
Total assetsLn 16$15.5M
LiabilitiesLn 26$62K
Net assetsLn 32$15.4M
OperationsPt I, VI
EmployeesI 513
VolunteersI 685
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$1.5M$3.3M
InvestmentsLn 11–13$4.4M$5.4M
Land, buildings, equipmentLn 10c$4.4M$5.0M
Total assetsLn 16$12.1M$15.5M
LiabilitiesLn 26$79K$62K
Net assetsLn 32$12.0M$15.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$118K$59K$30K$30K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$638K$483K$58K$98K
Pension plan contributionsLn 8$27K$19K$3K$5K
Other employee benefitsLn 9$138K$94K$16K$28K
Payroll taxesLn 10$54K$38K$6K$9K
Management feesLn 11a$0
Legal feesLn 11b$18K$17K$439
Accounting feesLn 11c$30K$30K
Lobbying feesLn 11d$0
Investment management feesLn 11f$40K$40K
Other fees for servicesLn 11g$53K$36K$15K$3K
Advertising and promotionLn 12$133$133
Office expensesLn 13$44K$24K$3K$16K
Information technologyLn 14$18K$12K$1K$5K
RoyaltiesLn 15$0
OccupancyLn 16$33K$24K$5K$4K
TravelLn 17$17K$11K$5K$999
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$11K$6K$2K$3K
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$24K$13K$10K
Other expenses (24a–d)Ln 24$339K$324K$12K$3K
All other expensesLn 24e$678$37$361$280
Total functional expensesLn 25$1.6M$1.2M$237K$204K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $6.9M$1.8M$5.0M$20.9M 990 PDF
FY2024 Viewing $3.9M$1.6M$2.3M$15.4M 990 PDF
FY2023 $2.1M$1.4M$724K$12.0M 990 PDF
FY2022 $2.1M$1.3M$876K$10.8M 990 PDF
FY2021 $1.6M$1.0M$566K$11.0M 990 PDF
FY2020 $2.3M$1.6M$723K$9.5M 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 FY2024 990 (6 parts)
Part I · Summary $3,853,525 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,010,830$3,697,586
I-9 Program service revenuePrior year $20,129$8,725
I-10 Investment incomePrior year $86,255$134,646
I-11 Other revenuePrior year $1,232$12,568
I-12 Total revenuePrior year $2,118,446$3,853,525
I-13 Grants and similar amounts paidPrior year $12,000$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $933,970$975,770
I-16a Professional fundraising feesPrior year $31,800$0
I-17 Other expensesPrior year $416,766$627,329
I-18 Total expensesPrior year $1,394,536$1,603,099
I-19 Revenue less expensesPrior year $723,910$2,250,426
Part VI · Governance 12 of 12 board members independent, no flags
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
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 $3,853,525 across 8 lines filed
Lines not itemized here account for $723 of total revenue; see the IRS return.
VIII-1e Government grants$202,257
VIII-1f All other contributions, gifts and grants$3,495,329
VIII-1g Noncash contributions (included above)$484,618
VIII-1h Total contributions, gifts and grants$3,697,586
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $8,725$8,725
VIII-3 Investment incomeExcluded from tax $134,646$134,646
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $11,845$11,845
VIII-12 Total revenueRelated to mission $21,293 · Excluded from tax $134,646$3,853,525
Part IX · Statement of functional expenses $1,603,099 across 30 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $59,200 · Management $29,600 · Fundraising $29,600$118,400
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $482,686 · Management $57,916 · Fundraising $97,656$638,258
IX-8 Pension plan contributionsPrograms $19,381 · Management $3,162 · Fundraising $4,902$27,445
IX-9 Other employee benefitsPrograms $94,347 · Management $15,986 · Fundraising $27,633$137,966
IX-10 Payroll taxesPrograms $38,376 · Management $6,142 · Fundraising $9,183$53,701
IX-11a Management fees$0
IX-11b Legal feesPrograms $17,406 · Management $439$17,845
IX-11c Accounting feesManagement $29,900$29,900
IX-11d Lobbying fees$0
IX-11f Investment management feesManagement $40,013$40,013
IX-11g Other fees for servicesPrograms $35,890 · Management $14,850 · Fundraising $2,610$53,350
IX-12 Advertising and promotionPrograms $133$133
IX-13 Office expensesPrograms $24,273 · Management $3,295 · Fundraising $15,951$43,519
IX-14 Information technologyPrograms $12,011 · Management $1,038 · Fundraising $4,729$17,778
IX-15 Royalties$0
IX-16 OccupancyPrograms $24,469 · Management $4,898 · Fundraising $4,069$33,436
IX-17 TravelPrograms $11,010 · Management $4,868 · Fundraising $999$16,877
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsPrograms $6,075 · Management $2,004 · Fundraising $2,825$10,904
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 InsurancePrograms $13,085 · Management $10,473$23,558
IX-24 Other expenses (24a–d)Programs $324,278 · Management $11,913 · Fundraising $3,147$339,338
IX-24e All other expensesPrograms $37 · Management $361 · Fundraising $280$678
IX-25 Total functional expensesPrograms $1,162,657 · Management $236,858 · Fundraising $203,584$1,603,099
Part X · Balance sheet $15,475,730 assets, 14 lines filed
X-2 Savings and temporary cash investmentsStart of year $1,535,992$3,349,416
X-3 Pledges and grants receivableStart of year $1,034,500$922,079
X-9 Prepaid expenses and deferred chargesStart of year $9,556$9,645
X-10c Land, buildings and equipment, netStart of year $4,440,134$5,023,062
X-11 Publicly traded securitiesStart of year $4,428,201$5,432,708
X-15 Other assetsStart of year $670,635$738,820
X-16 Total assetsStart of year $12,119,018$15,475,730
X-17 Accounts payable and accrued expensesStart of year $6,306$10,174
X-25 Other liabilitiesStart of year $72,530$51,331
X-26 Total liabilitiesStart of year $78,836$61,505
X-27 Net assets without donor restrictionsStart of year $5,340,876$6,221,891
X-28 Net assets with donor restrictionsStart of year $6,699,306$9,192,334
X-32 Total net assets or fund balancesStart of year $12,040,182$15,414,225
X-33 Total liabilities and net assetsStart of year $12,119,018$15,475,730
Part XI · Reconciliation of net assets $15,414,225 net assets at year end
XI-1 Total revenue$3,853,525
XI-2 Total expenses$1,603,099
XI-3 Revenue less expenses$2,250,426
XI-4 Net assets at start of year$12,040,182
XI-5 Net unrealized gains (losses) on investments$1,123,617
XI-10 Net assets at end of year$15,414,225

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

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