Cave Conservancy Foundation

Glen Allen, VA · Supporting organization

✓ Tax-deductible Latest data FY2024
Revenue
$596K
▲ +14% vs prior year
Spent
$483K
To programs
43%
Net assets
$1.6M

Form 990 for the fiscal year ending December 2024 (IRS tax year 2024).

Status and standing

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Foundation funders?
Not on file
Spent on programs?
43% to programs
Form 990 Part IX, latest filing.
Size and trend
$100K–1M
↑ +14% vs prior year
Legal name (IRS)Hdr · item CCave Conservancy Foundation
EINHdr · item D52-1591149
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFJun 1989
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CGlen Allen, VA
NTEE classificationIRS BMFNonprofit

Where the money goes

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.43 Management & general $0.22 Fundraising $0.34
Program services43%$210K
Management & general22%$108K
Fundraising34%$166K
Total functional expensesLn 25$483K

Financial health

Revenue & expenses by yearFY2020–FY2024
Revenue
$596K
FY2024▲ +14%
Expenses
$483K
FY2024▲ +8%
Net inflow
+19%
revenue over expenses, this year▲ +31% vs prior filing year
Pass-through gifts
0%
of revenue from contributions
Program spending
43%
of expenses reach stated programs▲ +160% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total assets
$1.8M
FY2024▲ +5%
Total liabilities
$189K
FY2024▼ -13%
Revenue less expensesPt I · Ln 19$112K
Total assetsPt X · Ln 16$1.8M
Program-expense ratioPt IX · col B43%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46

Balance Sheet

Part X · end of year
CashLn 1$477K
Total assetsLn 16$1.8M
Total liabilitiesLn 26$189K
Total net assetsLn 32$1.6M
Months of cash on handcomputed11.8

Statement of Revenue

Part VIII
Other revenue100%$596K
Total revenueLn 12$596K

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $749K · Operating expenses/yr $483K
18.6 months
Where the money goes
Program services
Program services $210K · Total expenses $483K
43%
Management & General
Management & general $108K · Total expenses $483K
22%
Fundraising
Fundraising $166K · Total expenses $483K
34%
Cost to raise $1
Fundraising expense (3-yr avg) $55K · Solicited contributions (3-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $596K
0%
Government reliance
Government grants $0 · Total revenue $596K
0%
Earned-income share
Program service revenue $0 · Total revenue $596K
0%
Investment reliance
Investment income $0 · Total revenue $596K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $483K
0%
Growth & trend
Revenue growth (YoY)
This year $596K · Prior year $523K
+14%
Revenue CAGR
FY2020 $459K · FY2024 $596K
+7%
Net-asset trend (YoY)
End of year $1.6M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $596K · Expenses $483K
+19%
Liabilities-to-Assets
Total liabilities — · Total assets $1.8M
—
Net-asset ratio
Net assets $1.6M · Total assets $1.8M
90%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $272K · Total assets (Pt X, ln 16) $1.8M
15%
People & payroll
Highest Reported Total Compensation
Individual Joseph Fagan · Reported title Chairman · Highest reported compensation $0 · Total expenses $483K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $483K
0%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 43%——
Overhead ratio 22%——
Revenue growth 14%——
Investment management fee ratio 0%——
Legal fee ratio 0.06%——
Accounting fee ratio 0%——
Fundraising fee ratio 0%——

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.

Leadership and pay

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Cave Conservancy Foundation executive salaries →

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Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b6
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 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Mission and programs

Funds education and conservation programs for caves, offering grants and scholarships.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

1 program service, described in the organization's own filed words · FY2024.
01

Programs to promote education regarding cave conservation.

Pt IX · col B

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Funders

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 11 grants · $174K · 2020–2024
Unitemized GrantFY2024$31,000
Western Kentucky UniversityKY · FY2024$11,000
Unitemized GrantFY2023$30,000
Karst Waters Institute INCPA · FY2023$11,093
Unitemized GrantFY2022$27,000
Unitemized GrantFY2021$10,000
Unitemized GrantFY2021$3,560
Unitemized GrantFY2020$10,000
Unitemized GrantFY2020$3,000

Filing history

YearRevenueExpensesChangeFiling
FY2024 Latest Viewing $596K$483K+14% 990 PDF
FY2023 $523K$447K+12% 990 PDF
FY2022 $466K$570K-38% 990 PDF
FY2021 $757K$448K+65% 990 PDF
FY2020 $459K$346K 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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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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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