La Plata Open Space Conservancy FY2023 filing

Tax-deductible

Durango, CO501(c)(3)EnvironmentEIN 84-1204273Revenue $458K in FY2023

On file with the IRSlposc.orgPo Box 1651, 81302-1651 · Durango, COTax-exempt since Sep 1992Publicly supported charity — 170(b)(1)(A)(vi)

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The organizations primary exempt purpose is to permanently protect, for the benefit of the community and the general public, lands in southwest Colorado that have significant agricultural, wildlife, open space, recreational, and/or historical/archeological resources.

501(c)(3) charity; gifts are tax-deductible.
69¢ of each $1 spent went to programs.
$105K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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
4 of 5
filings with a surplus
Average surplus $80K a year · 23% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
69%
of spending
Fine: 69% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$105K
to officers and key staff · 35% of spending
Concern: pay to officers and key staff is 35% of spending; over 30%.
Pt VII · Sec A
Cash reserves
10 mo
of spending, in cash
Looks good: 9.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $62K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$3K
0.2% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$458K
+25% vs prior year
Spent
$302K
To programs
69%
Net assets
$1.6M
By yearFY2020–FY2024
Revenue
$458K
FY2023▲ +25%
Tap a bar for its year
Revenue by fiscal year
FY2020$142K
FY2021$287K
FY2022$366K
FY2023$458K
FY2024$444K
Expenses
$302K
FY2023▲ +3%
Tap a bar for its year
Expenses by fiscal year
FY2020$201K
FY2021$173K
FY2022$293K
FY2023$302K
FY2024$329K
Net assets
$1.6M
FY2023▲ +21%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.2M
FY2021$1.5M
FY2022$1.3M
FY2023$1.6M
FY2024$1.8M

From the FY2023 Form 990 · see the original

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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 Sep 1992.

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

Where the money goes

69 cents of each dollar spent went to programs.

Program services 69% · $207K Management & general 9% · $28K Fundraising 22% · $67K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

13 people listed on the 990; $105K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$104,589Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Jennifer Zahratka’s $37K as Executive Director is at the 20th percentile of top reported officer pay among 1989 $100K–1M 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 · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Adrienne Dorsey$24,698$104,589$86,593——
Patrick Barker———$23,405$62,370
Jennifer Zahratka$36,539————

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.

See La Plata Open Space Conservancy 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

Permanently protects southwest Colorado lands with agricultural, wildlife, and historical value for public benefit.

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Provided by the organization

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1 program · $207K · in their own filed words · FY2023
01

Land Protection and Stewardship

Since incorporating in 1992, LPOSC has accepted donations of conservation easements permanently protecting in excess of 24,435 acres of land with superior conservation values across six counties in southwestern Colorado.

$207Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$62K

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$458K
Ln 12
Gifts and grantsLn 1h$290K
Fees for servicesLn 2g$87K
Investment incomeLn 3$62K
Money outPt IX
$302K
Ln 25
Programscol B$207K
Managementcol C$28K
Fundraisingcol D$67K
Owns and owesPt X
$1.6M
net assets · Ln 32
Cash and savingsLn 1–2$240K
Total assetsLn 16$1.6M
LiabilitiesLn 26$3K
PeoplePt VI, VII
13
listed · VII A
PaidVII A1
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$290K
Government grantsLn 1e$40K
Noncash giftsLn 1g$7K
Fundraising eventsLn 1c$7K
Fees for servicesLn 2g$87K
Investment incomeLn 3$62K
Other incomeLn 4–11$19K
Total revenueLn 12$458K
Assets in detailPt X, end of year
CashLn 1$142K
SavingsLn 2$97K
Cash and savings togetherLn 1–2$240K
InvestmentsLn 11–13$1.3M
Total assetsLn 16$1.6M
LiabilitiesLn 26$3K
Net assetsLn 32$1.6M
OperationsPt I, VI
EmployeesI 55
VolunteersI 618
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$124K$240K
InvestmentsLn 11–13$1.2M$1.3M
Total assetsLn 16$1.3M$1.6M
LiabilitiesLn 26$5K$3K
Net assetsLn 32$1.3M$1.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of disqualified personsLn 6$100K$45K$15K$40K
Other salaries and wagesLn 7$73K$73K
Other employee benefitsLn 9$15K$7K$2K$6K
Payroll taxesLn 10$14K$6K$2K$5K
Accounting feesLn 11c$17K$11K$3K$2K
Other fees for servicesLn 11g$22K$22K
Advertising and promotionLn 12$9K$9K
Office expensesLn 13$7K$3K$2K$2K
OccupancyLn 16$10K$6K$2K$1K
TravelLn 17$2K$2K
InsuranceLn 23$16K$13K$2K$722
Other expenses (24a–d)Ln 24$15K$15K
All other expensesLn 24e$3K$3K
Total functional expensesLn 25$302K$207K$28K$67K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $444K$329K$115K$1.8M 990 PDF
FY2023 Viewing $458K$302K$156K$1.6M 990 PDF
FY2022 $366K$293K$73K$1.3M 990 PDF
FY2021 $287K$173K$114K$1.5M 990 PDF
FY2020 $142K$201K−$60K$1.2M 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 (6 parts)
Part I · Summary $458,132 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $178,062$289,920
I-9 Program service revenuePrior year $4,824$86,860
I-10 Investment incomePrior year $63,885$61,954
I-11 Other revenuePrior year $119,146$19,398
I-12 Total revenuePrior year $365,917$458,132
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $176,428$201,856
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $116,732$100,311
I-18 Total expensesPrior year $293,160$302,167
I-19 Revenue less expensesPrior year $72,757$155,965
Part VI · Governance 12 of 12 board members independent, 1 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $458,132 across 10 lines filed
VIII-1c Fundraising events$7,200
VIII-1e Government grants$40,145
VIII-1f All other contributions, gifts and grants$242,575
VIII-1g Noncash contributions (included above)$7,200
VIII-1h Total contributions, gifts and grants$289,920
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $86,860$86,860
VIII-3 Investment incomeExcluded from tax $61,954$61,954
VIII-8 Net income from fundraising eventsExcluded from tax $14,491$14,491
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $4,907$4,907
VIII-12 Total revenueRelated to mission $91,767 · Unrelated business $0 · Excluded from tax $76,445$458,132
Part IX · Statement of functional expenses $302,167 across 13 lines filed
IX-6 Pay of disqualified personsPrograms $45,135 · Management $15,045 · Fundraising $40,120$100,300
IX-7 Other salaries and wagesPrograms $72,686$72,686
IX-9 Other employee benefitsPrograms $6,847 · Management $2,282 · Fundraising $6,086$15,215
IX-10 Payroll taxesPrograms $6,145 · Management $2,048 · Fundraising $5,462$13,655
IX-11c Accounting feesPrograms $11,244 · Management $3,066 · Fundraising $2,300$16,610
IX-11g Other fees for servicesPrograms $21,720$21,720
IX-12 Advertising and promotionFundraising $8,971$8,971
IX-13 Office expensesPrograms $3,219 · Management $1,887 · Fundraising $1,887$6,993
IX-16 OccupancyPrograms $6,406 · Management $1,971 · Fundraising $1,478$9,855
IX-17 TravelPrograms $2,480$2,480
IX-23 InsurancePrograms $13,212 · Management $1,741 · Fundraising $722$15,675
IX-24 Other expenses (24a–d)Programs $14,709$14,709
IX-24e All other expensesPrograms $3,298$3,298
IX-25 Total functional expensesPrograms $207,101 · Management $28,040 · Fundraising $67,026$302,167
Part X · Balance sheet $1,615,237 assets, 12 lines filed
Asset lines not itemized here account for $25,312; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $123,630$142,163
X-2 Savings and temporary cash investments$97,343
X-4 Accounts receivableStart of year $2,881$33,437
X-9 Prepaid expenses and deferred chargesStart of year $1,082$13,802
X-11 Publicly traded securitiesStart of year $1,211,886$1,303,180
X-16 Total assetsStart of year $1,339,479$1,615,237
X-17 Accounts payable and accrued expensesStart of year $4,656$3,115
X-26 Total liabilitiesStart of year $4,656$3,115
X-27 Net assets without donor restrictionsStart of year $1,303,548$1,572,638
X-28 Net assets with donor restrictionsStart of year $31,275$39,484
X-32 Total net assets or fund balancesStart of year $1,334,823$1,612,122
X-33 Total liabilities and net assetsStart of year $1,339,479$1,615,237
Part XI · Reconciliation of net assets $1,612,122 net assets at year end
XI-1 Total revenue$458,132
XI-2 Total expenses$302,167
XI-3 Revenue less expenses$155,965
XI-4 Net assets at start of year$1,334,823
XI-5 Net unrealized gains (losses) on investments$107,910
XI-7 Investment expenses−$11,888
XI-8 Prior period adjustments$25,312
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,612,122

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

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