Somerset County Conservancy Charitable Trust EIN 25-1752974 Form 990 (PDF) Claim this org

Somerset County Conservancy Charitable Trust

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Protects and conserves natural resources for future generations. For fiscal year 2024 it reported $128K in revenue, $43K in expenses, and $1.3M in net assets.Pt I

Type
Public charity (501(c)(3)) · Environment
Location
Berlin, PA
Website
somersetconservancy.org
Filings
5 on file (2020–2024)
Revenue
$128KFY2024
Expenses
$43K
Net assets
$1.3M
People
3
Filings
5
Updates
0
More identity details & actions ⌄
EIN  25-1752974 Public charity (501(c)(3)) Berlin, PA
Form 990 (PDF)
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Size
$100K–1M
What they do
Protects and conserves natural resources for future generations.
Leadership
Jeffrey Payne · President
Money in and out
$128K revenue, $43K expenses
Bottom line
76% program efficiency
Where the money goes · FY2024
Total revenue
$128K
Pt VIII · Ln 12
Total expenses
$43K
Pt IX · Ln 25
Net assets
$1.3M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $85K
Where spending went · Part IX cols B–D
Program services $0.76 Management & general $0.18 Fundraising $0.06
Program efficiency
76%
of spending reaches programs▲ +195% vs prior filing year
Operating runway
161.5mo
months of highly liquid reserves at operating expense rate▲ +658% vs prior filing year
Surplus margin
+66%
revenue over expenses, this year▲ +39% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$128K
FY2024▼ -76%
Expenses
$43K
FY2024▼ -85%
Total assets
$1.3M
FY2024▲ +7%
Total liabilities
$0
FY2024
Total revenue
$128K
Pt VIII · Ln 12
Total expenses
$43K
Pt IX · Ln 25
Net assets
$1.3M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$85K
Total assetsPt X · Ln 16$1.3M
Program-expense ratioPt IX · col B76%
Voting members of governing bodyPt I · Ln 315
Independent voting membersPt I · Ln 415
Mission & Programs · Part III

Where the work happens

1 program service account for $33K of program spending, described in the organization's own filed words · FY2024.
01

Preserving and improving natural resources in somerset county, which includes land and water resources, plant and animal life thereon, and unique scenic, natural and historical sites, kimberly run project and somerset lake.

$33Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSomerset County Conservancy Charitable Trust
EINHdr · item D25-1752974
Principal addressHdr · item CBerlin, PA
WebsiteHdr · item Jsomersetconservancy.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MPA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEnvironment (C300)
Ruling yearIRS BMFSep 1995

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a15
Independent voting membersPt VI · Ln 1b15
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Program service revenue$69K · 53%
Contributions & grants$51K · 39%
Other revenue$9K · 7%
Program service revenue53%$69K
Contributions & grants39%$51K
Other revenue7%$9K
Investment income$27
Total revenueLn 12$128K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.76 Management & general $0.18 Fundraising $0.06
Program services76%$33K
Management & general18%$8K
Fundraising6%$2K
Total functional expensesLn 25$43K

Balance Sheet

Part X · end of year
CashLn 1$80K
Total assetsLn 16$1.3M
Total liabilitiesLn 26$0
Total net assetsLn 32$1.3M
Months of cash on handcomputed22.3

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $582K · Operating expenses/yr $43K
161.5 months
Where the money goes
Program services
Program services $33K · Total expenses $43K
76%
Management & General
Management & general $8K · Total expenses $43K
18%
Fundraising
Fundraising $2K · Total expenses $43K
6%
Cost to raise $1
Fundraising expense (3-yr avg) $68K · Solicited contributions (3-yr avg) $114K
$0.59 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $51K · Total revenue $128K
39%
Government reliance
Government grants — · Total revenue $128K
Earned-income share
Program service revenue $69K · Total revenue $128K
53%
Investment reliance
Investment income $27 · Total revenue $128K
+0.02%
Program self-sufficiency
Program service revenue $69K · Total expenses $43K
159%
Growth & trend
Revenue growth (YoY)
This year $128K · Prior year $536K
-76%
Revenue CAGR
FY2020 $57K · FY2024 $128K
+22%
Net-asset trend (YoY)
End of year $1.3M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $128K · Expenses $43K
+66%
Liabilities-to-Assets
Total liabilities — · Total assets $1.3M
Net-asset ratio
Net assets $1.3M · Total assets $1.3M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) $501K · Total assets (Pt X, ln 16) $1.3M
39%
People & payroll
Highest Reported Total Compensation
Individual Jeffrey Payne · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $43K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $43K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 76%
Overhead ratio 18%
Fundraising cost ratio 5%
Revenue growth -76%
Legal fee ratio 3%
Accounting fee ratio 2%

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
Total grants receivedfrom 1 funder$10K

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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)$128K revenue · viewing · ⤓ 990 PDF
FY2023$536K revenue · ⤓ 990 PDF
FY2022$96K revenue · ⤓ 990 PDF
FY2021$247K revenue · ⤓ 990 PDF
FY2020$57K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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