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Nac Conservation INC FY2023 filing

Tax-deductible

Nantucket, MA501(c)(3)EnvironmentEIN 26-4548593

To buy, hold and administer real property for habitat preservation, propagation of fish and wildlife, and land conservation for charitable and educational purposes.

501(c)(3) charity; gifts are tax-deductible.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

Before you give

FY2023 · 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
3 of 5
filings with a surplus
Average surplus $19K a year · 52% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
147 mo
of spending, in cash
Looks good: 146.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$2.0M
38% of total assets
Looks good: liabilities are 38% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$151K
+214% vs prior year
Spent
$27K
To programs
0%
Net assets
$3.3M
By yearFY2020–FY2024
Revenue
$151K
FY2023▲ +214%
Revenue by fiscal year
FY2020$11K
FY2021$6K
FY2022$48K
FY2023$151K
FY2024−$36K
Expenses
$27K
FY2023▲ +408%
Expenses by fiscal year
FY2020$11K
FY2021$7K
FY2022$5K
FY2023$27K
FY2024$36K
Net assets
$3.3M
FY2023▲ +4%
Net assets by fiscal year
FY2020$3.1M
FY2021$3.2M
FY2022$3.2M
FY2023$3.3M
FY2024$3.2M

From the FY2023 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 2010.

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

Where the money goes

What each dollar paid for.

Management & general 100% · $27K

Form 990 Part IX, line 25. Every line is in By the numbers.

Who runs it and what they're paid

9 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Kevin Ramos
Director
$0Pt VII · Sec A
Jim Hughes
Director
$0Pt VII · Sec A
Homer Ray IV
Director
$0Pt VII · Sec A
Joe Tormay
Treasurer
$0Pt VII · Sec A
Sheila Lucey
President
$0Pt VII · Sec A
$0Pt VII · Sec A
See Nac Conservation INC 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 15aNo

Programs and updates

Preserves land and wildlife habitats through property acquisition and management for conservation and education.

Provided by the organization

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1 program service, described in the organization's own filed words · FY2023.
01

To buy, hold, and administer real property for habitat preservation, propogation of fish and wildlife, and land conservation for charitable and educational purposes.

Pt IX · col B

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By the numbers

The FY2023 990, line by line.

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from philanthropy.org
1The main four
Money inPt VIII
$151K
Ln 12
Investment incomeLn 3$153K
Gifts and grantsLn 1h$6K
Money outPt IX
$27K
Ln 25
Managementcol C$27K
Owns and owesPt X
$3.3M
net assets · Ln 32
Cash and savingsLn 1–2$335K
Total assetsLn 16$5.4M
LiabilitiesLn 26$2.0M
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$6K
Investment incomeLn 3$153K
Gains on assetsLn 7$94K
Total revenueLn 12$151K
Assets in detailPt X, end of year
CashLn 1$335K
Cash and savings togetherLn 1–2$335K
Land, buildings, equipmentLn 10c$5.0M
Total assetsLn 16$5.4M
LiabilitiesLn 26$2.0M
Net assetsLn 32$3.3M
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
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 FY23End FY23
Cash and savingsLn 1–2$3.2M$335K
Land, buildings, equipmentLn 10c$5.0M
Total assetsLn 16$3.2M$5.4M
LiabilitiesLn 26$28K$2.0M
Net assetsLn 32$3.2M$3.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$10K$10K
Investment management feesLn 11f$9K$9K
Other fees for servicesLn 11g$6K$6K
Office expensesLn 13$3K$3K
Total functional expensesLn 25$27K$0$27K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest −$36K$36K−$72K$3.2M 990 PDF
FY2023 Viewing $151K$27K$124K$3.3M 990 PDF
FY2022 $48K$5K$43K$3.2M 990 PDF
FY2021 $6K$7K−$652$3.2M 990 PDF
FY2020 $11K$11K$262$3.1M 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 FY2023 990 (4 parts)
Part VIII · Statement of revenue $150,989 across 6 lines filed
Lines not itemized here account for $14,311 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$5,856
VIII-1h Total contributions, gifts and grants$5,856
VIII-3 Investment incomeExcluded from tax $44,825$44,825
VIII-6 Net rental income or lossExcluded from tax −$7,922−$7,922
VIII-7 Net gain or loss on sales of assetsExcluded from tax $93,919$93,919
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $145,133$150,989
Part IX · Statement of functional expenses $27,388 across 4 lines filed
IX-11b Legal feesManagement $9,880$9,880
IX-11f Investment management feesManagement $8,912$8,912
IX-11g Other fees for servicesManagement $5,500$5,500
IX-13 Office expensesManagement $3,096$3,096
IX-25 Total functional expensesPrograms $0 · Management $27,388 · Fundraising $0$27,388
Part X · Balance sheet $5,350,429 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $3,216,786$334,830
X-10c Land, buildings and equipment, net$5,015,599
X-16 Total assetsStart of year $3,226,828$5,350,429
X-25 Other liabilitiesStart of year $28,252$28,252
X-26 Total liabilitiesStart of year $28,252$2,028,252
X-32 Total net assets or fund balancesStart of year $3,198,576$3,322,177
X-33 Total liabilities and net assetsStart of year $3,226,828$5,350,429
Part XI · Reconciliation of net assets $3,322,177 net assets at year end
XI-1 Total revenue$150,989
XI-2 Total expenses$27,388
XI-3 Revenue less expenses$123,601
XI-4 Net assets at start of year$3,198,576
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$3,322,177

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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