Ruby Habitat Foundation EIN 45-0487621

Ruby Habitat Foundation FY2023 filing

EIN  45-0487621 Supporting organization Sheridan, MT
Form 990 (PDF)
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Size
$1–10M
What they do
Preserves natural resources and enhances community well-being in Ruby Valley and Southwest Montana.
Leadership
Neil Barnosky · Chairman
Money in and out
$1.5M revenue, $423K expenses
Bottom line
+72% net inflow

Preserves natural resources and enhances community well-being in Ruby Valley and Southwest Montana. For fiscal year 2023 it reported $1.5M in revenue, $423K in expenses, and $19.4M in net assets.Pt I

Money in and out · FY2023
Total revenue
$1.5M
Pt VIII · Ln 12
Total expenses
$423K
Pt IX · Ln 25
Net assets
$19.4M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $1.1M
Where spending went · Part IX cols B–D
Program services $0.73 Management & general $0.18 Fundraising $0.09
Net inflow
+72%
revenue over expenses, this year
Pass-through gifts
17%
of revenue from contributions
Program spending
73%
of expenses reach stated programs

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$1.5M
FY2023▲ +884%
Expenses
$423K
FY2023▼ -10%
Total assets
$19.4M
FY2023▲ +7%
Total liabilities
$18K
FY2023▼ -76%
Total revenue
$1.5M
Pt VIII · Ln 12
Total expenses
$423K
Pt IX · Ln 25
Net assets
$19.4M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$1.1M
Total assetsPt X · Ln 16$19.4M
Program-expense ratioPt IX · col B73%
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 46
Mission & Programs · Part III

Where the work happens

3 program services account for $310K of program spending, described in the organization's own filed words · FY2023.
01

Agricultural Operations

Consistent with the mission and goals of the foundation, we continued to operate the ranch for agricultural purposes, including hay production and cattle grazing. Hay and pasture were sold at market rates to generate income and offset operating expenses.

$296Kprogram expense
02

Research and demonstration in line with our conservation demonstration goals, we commenced the planning and design phase of the cattail creek restoration project. Monitoring and maintenance continued on existing projects including the restoration of clear creek, the heritage apple orchard, pollinator plantings, wetland developments and…

$12Kprogram expense
03

Outreach and Education

The foundation continued to contract with ranch resources to provide a full-time outreach coordinator. The coordinator met with hundreds of guests providing outreach and education services including ranch tours, educational events, workshops and meetings, school group events and managed recreational access for fishing and hunting.

$2Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CRuby Habitat Foundation
EINHdr · item D45-0487621
Principal addressHdr · item CSheridan, MT
WebsiteHdr · item Jwww.rubyhabitat.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMT
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEnvironment (C34)
Ruling yearIRS BMFJul 2004

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a10
Independent voting membersPt VI · Ln 1b6
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Executive Director
$0Pt VII · Sec A
Secretary-Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Ruby Habitat Foundation executive salaries →

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Statement of Revenue

Part VIII
Investment income$1.1M · 71%
Contributions & grants$250K · 17%
Program service revenue$191K · 13%
Investment income71%$1.1M
Contributions & grants17%$250K
Program service revenue13%$191K
Other revenue$1K
Total revenueLn 12$1.5M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.73 Management & general $0.18 Fundraising $0.09
Program services73%$310K
Management & general18%$77K
Fundraising9%$36K
Total functional expensesLn 25$423K

Balance Sheet

Part X · end of year
CashLn 1$169K
Total assetsLn 16$19.4M
Total liabilitiesLn 26$18K
Total net assetsLn 32$19.4M
Months of cash on handcomputed4.8

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $9.7M · Operating expenses (Pt IX) $423K · Less non-cash grants $1K · Cash operating expenses/yr $422K
277.2 months
Where the money goes
Program services
Program services $310K · Total expenses $423K
73%
Management & General
Management & general $77K · Total expenses $423K
18%
Fundraising
Fundraising $36K · Total expenses $423K
9%
Cost to raise $1
Fundraising expense (3-yr avg) $33K · Solicited contributions (3-yr avg) $255K
$0.13 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $250K · Total revenue $1.5M
17%
Government reliance
Government grants — · Total revenue $1.5M
Earned-income share
Program service revenue $191K · Total revenue $1.5M
13%
Investment reliance
Investment income $1.1M · Total revenue $1.5M
+71%
Program self-sufficiency
Program service revenue $191K · Total expenses $423K
45%
Growth & trend
Revenue growth (YoY)
This year $1.5M · Prior year $154K
+884%
Net-asset trend (YoY)
End of year $19.4M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.5M · Expenses $423K
+72%
Liabilities-to-Assets
Total liabilities — · Total assets $19.4M
Net-asset ratio
Net assets $19.4M · Total assets $19.4M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $9.6M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $19.4M
49%
People & payroll
Highest Reported Total Compensation
Individual Neil Barnosky · Reported title CHAIRMAN · Highest reported compensation $0 · Total expenses $423K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $7K · Total expenses $423K
2%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 73%
Overhead ratio 18%
Fundraising cost ratio 15%
Revenue growth 884%
Accounting fee ratio 1%

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 10 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)$1.2M revenue · ⤓ 990 PDF
FY2023$1.5M revenue · viewing · ⤓ 990 PDF
FY2022$154K revenue · ⤓ 990 PDF
FY2021$4.4M revenue · ⤓ 990 PDF
FY2020$776K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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