Yosemite conservancy inspires people to support projects and programs that preserve Yosemite and enrich the visitor experience.

501(c)(3) charity; gifts are tax-deductible.
70¢ of each $1 spent went to programs.
Run by 362 volunteers and 105 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $3.4M a year · 15% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
70%
of spending
Fine: 70% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.8M
to officers and key staff · 8% of spending
Looks good: pay to officers and key staff is 8% of spending; 15% or less.
Pt VII · Sec A
9 mo
of spending, in cash
Plus $28.4M in investments, Pt X · Ln 11–13
Looks good: 9.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
5
named funders · $44K
Looks good: 5 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$6.3M
11% of total assets
Looks good: liabilities are 11% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 15 voting members
Looks good: 14 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$25.0M
-14% vs prior year
Spent
$23.7M
To programs
70%
Net assets
$49.3M
By yearFY2020–FY2025
Revenue
$25.0M
FY2025▼ -14%
Tap a bar for its year
Revenue by fiscal year
FY2020$18.9M
FY2021$19.1M
FY2022$23.9M
FY2023$23.6M
FY2024$29.1M
FY2025$25.0M
Expenses
$23.7M
FY2025▼ -3%
Tap a bar for its year
Expenses by fiscal year
FY2020$17.8M
FY2021$16.1M
FY2022$17.6M
FY2023$19.6M
FY2024$24.5M
FY2025$23.7M
Net assets
$49.3M
FY2025▲ +7%
Tap a bar for its year
Net assets by fiscal year
FY2020$29.3M
FY2021$31.9M
FY2022$35.9M
FY2023$41.1M
FY2024$46.0M
FY2025$49.3M

From the FY2025 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 1993.

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

Where the money goes

70 cents of each dollar spent went to programs.

Program services 70% · $16.7M Management & general 8% · $2.0M Fundraising 21% · $5.1M

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

23 people listed on the 990; $1.8M paid to officers and key staff.

Part VII, Section A · reportable compensation
President & CEO
$389,611Pt VII · Sec A
Chief Development Officer
$234,361Pt VII · Sec A
$231,361Pt VII · Sec A
Chief Marketing & Comms
$197,175Pt VII · Sec A
President/CEO (thru 1/2025)
$162,929Pt VII · Sec A
Philanthropy Officer
$160,062Pt VII · Sec A
Controller
$159,230Pt VII · Sec A
Chief of Yosemite Ops
$154,957Pt VII · Sec A

Cassius M Cash’s $390K as President & CEO is at the 67th percentile of top reported officer pay among 290 $10–100M recreation & sports 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 · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Cassius M Cash$389,611—————
Frank Dean$162,929$313,234$338,438$313,628$288,841$356,901
Marion Ingersoll$234,361$223,201$216,700$192,724$188,447—
Kevin Gay$231,361$220,801$214,300$196,254$208,258$173,919
Gerald Edelbrock——$55,248$218,463$218,060$200,932
Kimiko Martinez$197,175$189,565$184,100$169,852——
Marion Crary Ingersoll—————$170,450
Caitlin Allard$160,062$152,440$148,000$139,551$127,547$124,269

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 Yosemite Foundation 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 15aYes

Programs and updates

Preserves and restores Yosemite National Park's natural beauty and resources.

Questions for Yosemite Foundation

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Provided by the organization

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3 programs · $16.7M · in their own filed words · FY2025
01

Park enhancements-every year, the conservancy provides grants to yosemite national park based on the highest priority needs of the park. These grants provide essential funding for trail repair, habitat restoration, historic preservation, wildlife management, scientific research, visitor services, and more.

$10.1Mprogram expense
02

Park Programs

The conservancy supports the preservation and education related roles of the national park service mission through a varied portfolio of public educational programs. The conservancy's outdoor adventures enhance the yosemite experience for park visitors through dozens of interpretive and educational day hikes, backpacking trips and other…

$4.5Mprogram expense
03

Retail & Publishing

This program comprises sales conducted at visitor center bookstores, information centers and wilderness centers, through an online store, and to wholesale customers. In addition to selling maps, guides, native american handcrafts, apparel and other items related to yosemite and the sierra nevada, the conservancy publishes and sells books…

$2.1Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2025
See all 5 funders →
Grants paid · 6 grants · $47.9M · 2020–2025
Yosemite National ParkFY2025$9,067,605
Yosemite National ParkFY2024$10,598,979
Yosemite National ParkFY2023$6,820,822
Yosemite National ParkFY2022$6,100,052
Yosemite National ParkFY2021$6,514,281
Yosemite National ParkFY2020$8,791,890

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$25.0M
Ln 12
Gifts and grantsLn 1h$20.3M
Other incomeLn 4–11$2.2M
Fees for servicesLn 2g$1.5M
Money outPt IX
$23.7M
Ln 25
Programscol B$16.7M
Managementcol C$2.0M
Fundraisingcol D$5.1M
Owns and owesPt X
$49.3M
net assets · Ln 32
Cash and savingsLn 1–2$18.4M
Total assetsLn 16$55.7M
LiabilitiesLn 26$6.3M
PeoplePt VI, VII
23
listed · VII A
PaidVII A9
Voting boardVI 1a15
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$20.3M
Government grantsLn 1e$847K
Noncash giftsLn 1g$661K
Fees for servicesLn 2g$1.5M
Investment incomeLn 3$976K
Other incomeLn 4–11$2.2M
Gains on assetsLn 7−$128K
Total revenueLn 12$25.0M
Assets in detailPt X, end of year
CashLn 1$10.5M
SavingsLn 2$7.9M
Cash and savings togetherLn 1–2$18.4M
InvestmentsLn 11–13$28.4M
Land, buildings, equipmentLn 10c$4.9M
Other assetsLn 15$211K
Total assetsLn 16$55.7M
LiabilitiesLn 26$6.3M
Net assetsLn 32$49.3M
OperationsPt I, VI
EmployeesI 5105
VolunteersI 6362
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 FY25End FY25
Cash and savingsLn 1–2$19.7M$18.4M
InvestmentsLn 11–13$22.7M$28.4M
Land, buildings, equipmentLn 10c$5.0M$4.9M
Total assetsLn 16$52.2M$55.7M
LiabilitiesLn 26$6.1M$6.3M
Net assetsLn 32$46.0M$49.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$9.1M$9.1M
Pay of current officers, directors and key staffLn 5$1.1M$231K$477K$382K
Other salaries and wagesLn 7$5.2M$3.4M$451K$1.4M
Pension plan contributionsLn 8$352K$194K$46K$113K
Other employee benefitsLn 9$862K$567K$86K$209K
Payroll taxesLn 10$591K$380K$70K$141K
Accounting feesLn 11c$67K$67K
Professional fundraising feesLn 11e$197K$197K
Investment management feesLn 11f$110K$110K
Other fees for servicesLn 11g$726K$290K$196K$240K
Advertising and promotionLn 12$1.3M$1.2M$114K
Office expensesLn 13$178K$134K$24K$21K
Information technologyLn 14$252K$202K$14K$36K
OccupancyLn 16$289K$184K$54K$51K
TravelLn 17$245K$85K$120K$39K
Conferences, conventions and meetingsLn 19$282K$175K$68K$38K
Depreciation, depletion and amortizationLn 22$23K$8K$15K
InsuranceLn 23$63K$42K$13K$8K
Other expenses (24a–d)Ln 24$2.8M$534K$142K$2.1M
All other expensesLn 24e$48K$30K$3K$15K
Total functional expensesLn 25$23.7M$16.7M$2.0M$5.1M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $25.0M$23.7M$1.2M$49.3M 990 PDF
FY2024 $29.1M$24.5M$4.6M$46.0M 990 PDF
FY2023 $23.6M$19.6M$4.0M$41.1M 990 PDF
FY2022 $23.9M$17.6M$6.3M$35.9M 990 PDF
FY2021 $19.1M$16.1M$3.0M$31.9M 990 PDF
FY2020 $18.9M$17.8M$1.2M$29.3M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash J · Pay O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $24,966,280 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $23,770,830$20,318,474
I-9 Program service revenuePrior year $1,528,322$1,511,280
I-10 Investment incomePrior year $1,398,110$975,626
I-11 Other revenuePrior year $2,369,168$2,160,900
I-12 Total revenuePrior year $29,066,430$24,966,280
I-13 Grants and similar amounts paidPrior year $10,598,979$9,067,605
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $7,509,938$8,128,817
I-16a Professional fundraising feesPrior year $277,648$197,000
I-17 Other expensesPrior year $6,068,848$6,349,047
I-18 Total expensesPrior year $24,455,413$23,742,469
I-19 Revenue less expensesPrior year $4,611,017$1,223,811
Part VI · Governance 14 of 15 board members independent, no flags
VI-1a Voting members of the governing body15
VI-1b Independent voting members14
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
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $24,966,280 across 11 lines filed
Lines not itemized here account for $2,133,581 of total revenue; see the IRS return.
VIII-1e Government grants$846,931
VIII-1f All other contributions, gifts and grants$19,471,543
VIII-1g Noncash contributions (included above)$660,590
VIII-1h Total contributions, gifts and grants$20,318,474
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,511,280$1,511,280
VIII-3 Investment incomeExcluded from tax $1,103,570$1,103,570
VIII-5 RoyaltiesExcluded from tax $3,492$3,492
VIII-6 Net rental income or lossExcluded from tax −$101,659−$101,659
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$127,944−$127,944
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $125,486$125,486
VIII-12 Total revenueRelated to mission $3,644,861 · Unrelated business $0 · Excluded from tax $1,002,945$24,966,280
Part IX · Statement of functional expenses $23,742,469 across 20 lines filed
IX-1 Grants to domestic organizationsPrograms $9,067,605$9,067,605
IX-5 Pay of current officers, directors and key staffPrograms $231,042 · Management $476,971 · Fundraising $382,292$1,090,305
IX-7 Other salaries and wagesPrograms $3,405,865 · Management $451,379 · Fundraising $1,375,628$5,232,872
IX-8 Pension plan contributionsPrograms $193,659 · Management $45,593 · Fundraising $113,173$352,425
IX-9 Other employee benefitsPrograms $567,266 · Management $85,896 · Fundraising $209,093$862,255
IX-10 Payroll taxesPrograms $379,981 · Management $70,324 · Fundraising $140,655$590,960
IX-11c Accounting feesManagement $67,200$67,200
IX-11e Professional fundraising feesFundraising $197,000$197,000
IX-11f Investment management feesManagement $109,873$109,873
IX-11g Other fees for servicesPrograms $290,179 · Management $196,118 · Fundraising $240,151$726,448
IX-12 Advertising and promotionPrograms $1,185,822 · Fundraising $113,847$1,299,669
IX-13 Office expensesPrograms $133,617 · Management $23,923 · Fundraising $20,687$178,227
IX-14 Information technologyPrograms $202,256 · Management $13,876 · Fundraising $36,002$252,134
IX-16 OccupancyPrograms $184,026 · Management $53,815 · Fundraising $50,693$288,534
IX-17 TravelPrograms $85,415 · Management $119,958 · Fundraising $39,131$244,504
IX-19 Conferences, conventions and meetingsPrograms $175,298 · Management $68,336 · Fundraising $38,377$282,011
IX-22 Depreciation, depletion and amortizationPrograms $7,597 · Management $14,976$22,573
IX-23 InsurancePrograms $41,542 · Management $12,714 · Fundraising $8,320$62,576
IX-24 Other expenses (24a–d)Programs $533,926 · Management $142,133 · Fundraising $2,091,313$2,767,372
IX-24e All other expensesPrograms $29,824 · Management $2,879 · Fundraising $15,223$47,926
IX-25 Total functional expensesPrograms $16,714,920 · Management $1,955,964 · Fundraising $5,071,585$23,742,469
Part X · Balance sheet $55,650,873 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $13,311,815$10,495,619
X-2 Savings and temporary cash investmentsStart of year $6,393,043$7,933,440
X-3 Pledges and grants receivableStart of year $2,343,997$1,931,083
X-4 Accounts receivableStart of year $123,940$150,901
X-8 Inventories for sale or useStart of year $849,932$964,995
X-9 Prepaid expenses and deferred chargesStart of year $1,009,150$630,538
X-10c Land, buildings and equipment, netStart of year $5,021,575$4,948,321
X-11 Publicly traded securitiesStart of year $19,204,322$24,543,911
X-12 Other securitiesStart of year $3,473,637$3,841,164
X-15 Other assetsStart of year $420,723$210,901
X-16 Total assetsStart of year $52,152,134$55,650,873
X-17 Accounts payable and accrued expensesStart of year $1,410,157$1,369,584
X-18 Grants payableStart of year $4,322,524$4,779,568
X-25 Other liabilitiesStart of year $397,158$193,859
X-26 Total liabilitiesStart of year $6,129,839$6,343,011
X-27 Net assets without donor restrictionsStart of year $30,978,693$32,597,288
X-28 Net assets with donor restrictionsStart of year $15,043,602$16,710,574
X-32 Total net assets or fund balancesStart of year $46,022,295$49,307,862
X-33 Total liabilities and net assetsStart of year $52,152,134$55,650,873
Part XI · Reconciliation of net assets $49,307,862 net assets at year end
XI-1 Total revenue$24,966,280
XI-2 Total expenses$23,742,469
XI-3 Revenue less expenses$1,223,811
XI-4 Net assets at start of year$46,022,295
XI-5 Net unrealized gains (losses) on investments$1,518,988
XI-9 Other changes in net assets$542,768
XI-10 Net assets at end of year$49,307,862

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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