Sequoia Riverlands Trust EIN 77-0347417

Sequoia Riverlands Trust

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Connects landowners and others to conserve land in California's South Central Valley. For fiscal year 2024 it reported $4.1M in revenue, $3.1M in expenses, and $43.0M in net assets.Pt I

Type
Public charity (501(c)(3)) · Environment
Location
Visalia, CA
Website
www.sequoiariverlands.org
Filings
5 on file (2020–2024)
Revenue
$4.1MFY2024
Expenses
$3.1M
Net assets
$43.0M
People
18
Filings
5
Updates
0
More identity details & actions ⌄
EIN  77-0347417 Public charity (501(c)(3)) Visalia, CA
Form 990 (PDF)
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Figures match the IRS filing checked 8/26/26 · see original: IRS
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Size
$1–10M
What they do
Connects landowners and others to conserve land in California's South Central Valley.
Leadership
Philip Daubenspeck · Chief Investmen · $129K
Money in and out
$4.1M revenue, $3.1M expenses
Bottom line
53% program efficiency
Where the money goes · FY2024
Total revenue
$4.1M
Pt VIII · Ln 12
Total expenses
$3.1M
Pt IX · Ln 25
Net assets
$43.0M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $950K
Where spending went · Part IX cols B–D
Program services $0.53 Management & general $0.34 Fundraising $0.13
Program efficiency
53%
of spending reaches programs▼ -1.0% vs prior filing year
Operating runway
144.2mo
months of highly liquid reserves at operating expense rate▲ +5% vs prior filing year
Surplus margin
+23%
revenue over expenses, this year▲ +142% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$4.1M
FY2024▲ +135%
Expenses
$3.1M
FY2024▲ +16%
Total assets
$49.4M
FY2024▲ +20%
Total liabilities
$6.3M
FY2024▲ +801%
Total revenue
$4.1M
Pt VIII · Ln 12
Total expenses
$3.1M
Pt IX · Ln 25
Net assets
$43.0M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$950K
Total assetsPt X · Ln 16$49.4M
Program-expense ratioPt IX · col B53%
Voting members of governing bodyPt I · Ln 315
Independent voting membersPt I · Ln 415
Mission & Programs · Part III

Where the work happens

3 program services account for $1.6M of program spending, described in the organization's own filed words · FY2024.
01

SRT provides Mitigation services to find and acquire either land or easements to offset development sites. SRT now holds over 42,000 acres in protected lands. SRT's Conservation Stewardship manages and monitors wildlife habitat, protects open spaces, guards against misuse of land, and promotes healthy environmental practices.

$1.1Mprogram expense
02

Education and Volunteer Programs

field trips, seminars, walking tours and SRT's own EARTH Academy provide educational opportunities to youth, families and the general public to learn about the natural history of our area, the biological diversity, and the importance of preserving our open spaces and natural resources.

$391Kprogram expense
03

SRT's Policy Department coordinates with stakeholders ranging from farmers and ranchers to business leaders, public health experts and representatives of under served communities to be sure that when key decisions are made, there is a voice for conservation at the table.

$119Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSequoia Riverlands Trust
EINHdr · item D77-0347417
Principal addressHdr · item CVisalia, CA
WebsiteHdr · item Jwww.sequoiariverlands.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEnvironment (C340)
Ruling yearIRS BMFSep 1993

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 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
Chief Investmen
$128,965Pt VII · Sec A
Executive Dir.
$107,942Pt VII · Sec A
Finance Dir.
$31,048Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Philip Daubenspeck’s $129K as Chief Investmen is at the 51st percentile of top reported officer pay among 1845 $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 · 6 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Donald C Tredennick$167,803
Philip Daubenspeck$128,965
Logan Robertson$107,942$106,099$101,812
Judith Pohlman$77,422$75,200$73,960$70,449
Robert S Spear$69,656
Karen Vang$31,048

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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Statement of Revenue

Part VIII
Contributions & grants$1.9M · 46%
Investment income$1.5M · 36%
Program service revenue$726K · 18%
Contributions & grants46%$1.9M
Investment income36%$1.5M
Program service revenue18%$726K
— government grantsLn 1e$589K
Total revenueLn 12$4.1M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.53 Management & general $0.34 Fundraising $0.13
Program services53%$1.7M
Management & general34%$1.1M
Fundraising13%$416K
Total functional expensesLn 25$3.1M

Balance Sheet

Part X · end of year
CashLn 1$1.0M
Total assetsLn 16$49.4M
Total liabilitiesLn 26$6.3M
Total net assetsLn 32$43.0M
Months of cash on handcomputed3.8

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $37.8M · Operating expenses/yr $3.1M
144.2 months
Where the money goes
Program services
Program services $1.7M · Total expenses $3.1M
53%
Management & General
Management & general $1.1M · Total expenses $3.1M
34%
Fundraising
Fundraising $416K · Total expenses $3.1M
13%
Cost to raise $1
Fundraising expense (3-yr avg) $339K · Solicited contributions (3-yr avg) $866K
$0.39 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $1.9M · Total revenue $4.1M
46%
Government reliance
Government grants $589K · Total revenue $4.1M
14%
Earned-income share
Program service revenue $726K · Total revenue $4.1M
18%
Investment reliance
Investment income $1.5M · Total revenue $4.1M
+36%
Program self-sufficiency
Program service revenue $726K · Total expenses $3.1M
23%
Growth & trend
Revenue growth (YoY)
This year $4.1M · Prior year $1.7M
+135%
Revenue CAGR
FY2020 $3.1M · FY2024 $4.1M
+8%
Net-asset trend (YoY)
End of year $43.0M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $4.1M · Expenses $3.1M
+23%
Liabilities-to-Assets
Total liabilities — · Total assets $49.4M
Net-asset ratio
Net assets $43.0M · Total assets $49.4M
87%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $36.8M · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $49.4M
75%
People & payroll
Highest Reported Total Compensation
Individual Philip Daubenspeck · Reported title Chief Investmen · Highest reported compensation $129K · Total expenses $3.1M
4%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $1.8M · Total expenses $3.1M
58%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 53%
Overhead ratio 34%
Fundraising cost ratio 22%
Revenue growth 135%
Investment management fee ratio 0.4%
Legal fee ratio 2%
Accounting fee ratio 0.6%
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.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$25K
Grants paid · 2 grants · $28K · 2023–2024
Misc GrantsFY2024$7,161
Golden State YMCACA · FY2023$20,874

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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)$4.1M revenue · viewing · ⤓ 990 PDF
FY2023$1.7M revenue · ⤓ 990 PDF
FY2022$2.6M revenue · ⤓ 990 PDF
FY2021$3.4M revenue · ⤓ 990 PDF
FY2020$3.1M 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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