Harvard Conservation Trust EIN 23-7305157 Form 990 (PDF) Claim this org

Harvard Conservation Trust FY2021 filing

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Preserves Harvard's unique character and natural resources. For fiscal year 2021 it reported $831K in revenue, $84K in expenses, and $10.8M in net assets.Pt I

Type
Public charity (501(c)(3)) · Environment
Location
Harvard, MA
Website
www.harvardconservationtrust.org
Filings
6 on file (2019–2021)
Revenue
$831KFY2021
Expenses
$84K
Net assets
$10.8M
People
17
Filings
6
Updates
0
More identity details & actions ⌄
EIN  23-7305157 Public charity (501(c)(3)) Harvard, MA
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →
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Size
$1–10M
What they do
Preserves Harvard's unique character and natural resources.
Leadership
Brian Colleran · Executive Di · $9K
Money in and out
$831K revenue, $84K expenses
Bottom line
33% program efficiency
Where the money goes · FY2021
Total revenue
$831K
Pt VIII · Ln 12
Total expenses
$84K
Pt IX · Ln 25
Net assets
$10.8M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $747K
Where spending went · Part IX cols B–D
Program services $0.33 Management & general $0.64 Fundraising $0.03
Program efficiency
33%
of spending reaches programs
Operating runway
955.6mo
months of highly liquid reserves at operating expense rate
Surplus margin
+90%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$831K
FY2021▲ +120%
Expenses
$84K
FY2021▼ -49%
Total assets
$10.8M
FY2021▲ +15%
Total liabilities
$14K
FY2021▼ -40%
Total revenue
$831K
Pt VIII · Ln 12
Total expenses
$84K
Pt IX · Ln 25
Net assets
$10.8M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$747K
Total assetsPt X · Ln 16$10.8M
Program-expense ratioPt IX · col B33%
Voting members of governing bodyPt I · Ln 314
Independent voting membersPt I · Ln 414

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CHarvard Conservation Trust
EINHdr · item D23-7305157
Principal addressHdr · item CHarvard, MA
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEnvironment (C340)
Ruling yearIRS BMFAug 1973

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a14
Independent voting membersPt VI · Ln 1b14
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Di
$8,790Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Brian Colleran’s $9K as Executive Di is at the 0th percentile of top reported officer pay among 1852 $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 · 2 named individuals · Part VII

NameFY2021FY2020FY2019
David Outman$37,110$49,368
Brian Colleran$8,790$7,308

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.

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Mission & Programs · Part III

Where the work happens

1 program service account for $27K of program spending, described in the organization's own filed words · FY2021.
01

Program service expenses relate to the cost of acquiring and preserving land for the town of harvard, ma.

$27Kprogram expense

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Statement of Revenue

Part VIII
Investment income$453K · 54%
Contributions & grants$378K · 46%
Investment income54%$453K
Contributions & grants46%$378K
Total revenueLn 12$831K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.33 Management & general $0.64 Fundraising $0.03
Program services33%$27K
Management & general64%$54K
Fundraising3%$3K
Total functional expensesLn 25$84K

Balance Sheet

Part X · end of year
CashLn 1$511K
Total assetsLn 16$10.8M
Total liabilitiesLn 26$14K
Total net assetsLn 32$10.8M
Months of cash on handcomputed73.2

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $5.5M · Operating expenses (Pt IX) $84K · Less non-cash grants $14K · Cash operating expenses/yr $69K
955.6 months
Where the money goes
Program services
Program services $27K · Total expenses $84K
33%
Management & General
Management & general $54K · Total expenses $84K
64%
Fundraising
Fundraising $3K · Total expenses $84K
3%
Cost to raise $1
Fundraising expense (3-yr avg) $6K · Solicited contributions (3-yr avg) $329K
$0.02 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $378K · Total revenue $831K
46%
Government reliance
Government grants — · Total revenue $831K
Earned-income share
Program service revenue $0 · Total revenue $831K
0%
Investment reliance
Investment income $453K · Total revenue $831K
+54%
Program self-sufficiency
Program service revenue $0 · Total expenses $84K
0%
Growth & trend
Revenue growth (YoY)
This year $831K · Prior year $377K
+120%
Net-asset trend (YoY)
End of year $10.8M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $831K · Expenses $84K
+90%
Liabilities-to-Assets
Total liabilities — · Total assets $10.8M
Net-asset ratio
Net assets $10.8M · Total assets $10.8M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $5.0M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $10.8M
47%
People & payroll
Highest Reported Total Compensation
Individual Brian Colleran · Reported title EXECUTIVE DI · Highest reported compensation $9K · Total expenses $84K
10%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $22K · Total expenses $84K
26%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 33%
Overhead ratio 64%
Fundraising cost ratio 0.7%
Revenue growth 120%
Investment management fee ratio 0.3%
Accounting fee ratio 9%

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 · funders on record
Grants received · FY2024
See all 5 funders →

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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)$1.4M revenue · ⤓ 990 PDF
FY2023$1.5M revenue · ⤓ 990 PDF
FY2022$685K revenue · ⤓ 990 PDF
FY2021$831K revenue · viewing · ⤓ 990 PDF
FY2020$377K revenue · ⤓ 990 PDF
FY2019$261K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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