Yosemite Conservancy's rating was adjusted for Joint Costs. If you are a donor who considers direct mail, telemarketing, and other Joint Cost solicitations to be true charitable programs, the below efficiency ratios, which were not adjusted for joint costs, may better reflect your goals.
| Program % | Cost to Raise $100 |
|---|---|
| 78% | $15 |
| Entity | Document Type | Tax ID |
|---|---|---|
| Yosemite Foundation dba Yosemite Conservancy | IRS Form 990 | 94-3058041 |
| Yosemite Foundation dba Yosemite Conservancy | Audited Consolidated Financial Statements | multiple |
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Entity: Yosemite Foundation dba Yosemite Conservancy Document Type: IRS Form 990 Tax ID: 94-3058041 |
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Entity: Yosemite Foundation dba Yosemite Conservancy Document Type: Audited Consolidated Financial Statements Tax ID: multiple |
| Name | Title | Compensation | |
|---|---|---|---|
| 1 | Frank Dean | President/CEO | $410,008 |
| 2 | Gerald Edelbrock | VP/COO | $228,172 |
| 3 | Kevin Gay | CFO | $197,142 |
|
1 Name: Frank Dean Title: President/CEO Compensation: $410,008 |
|
2 Name: Gerald Edelbrock Title: VP/COO Compensation: $228,172 |
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3 Name: Kevin Gay Title: CFO Compensation: $197,142 |
According to the Yosemite Conservancy consolidated audit of December 31, 2020 (Note 2 re: Donated materials, supplies and services), the Conservancy received in-kind donated services in 2020 on which it placed a value of $383,939. [Note: CharityWatch generally excludes the value of in-kind (non-cash) donations of goods and services from its calculations of Program % and Cost to Raise $100. More information on how grades are calculated and the treatment of in-kind donations can be found on the Our Process page.] |
According to the Yosemite Conservancy consolidated audit of December 31, 2020 (Note 16, Concentrations of Credit Risk): "During the year ended December 31, 2020, one donor comprised 18% of total contributions..." |
According to the Yosemite Conservancy consolidated audit of December 31, 2020 (Note 18, Paycheck Protection Program): "On April 23, 2020, the Conservancy received loan proceeds of $759,300 from a promissory note issued by City National Bank under the Paycheck Protection Program ('PPP'), which was established under the Coronavirus Aid, Relief, and Economic Security ('CARES') Act and is administered by the U.S. Small Business Administration ('SBA'). Under the terms of the CARES Act, PPP loan recipients can apply for and be granted forgiveness for all or a portion of the loans granted under PPP. Such forgiveness is determined based on the use of the loan proceeds for payroll costs, rent and utility expenses, and the maintenance of workforce and compensation levels with certain limitations. The Conservancy believes it has met the PPP's eligibility criteria and has concluded that the PPP loan represents, in substance, a grant that is expected to be forgiven, and accordingly has accounted for the PPP loan as a conditional contribution. Proceeds received under the PPP loan are recognized as revenue when the Conservancy has incurred expenditures in compliance with the promissory note provisions and when the conditions have been substantially met. The Conservancy recognized conditional grant revenue totaling $759,300 during the year ended December 31, 2020 based on qualifying expenditures made under the PPP that are expected to be forgiven. On February 11, 2021, the Conservancy received notification that the full amount of the loan had been forgiven by the SBA (Note 22) [cited in a separate Analysts' Note, below]." |
According to the Yosemite Conservancy consolidated audit of December 31, 2020 (Note 20, Risks and Uncertainties): "On March 11, 2020, the World Health Organization characterized a novel strain of coronavirus ('COVID-19') as a pandemic. In addition, several states in the U.S., including California, where the Conservancy is headquartered, have declared a state of emergency. In response, the U.S. Government enacted the CARES Act, which includes significant provisions to provide relief and assistance to affected organizations (Note 18) [cited in a separate Analysts' Note, above]. "Potential impacts to the Conservancy's operations include disruptions or restrictions on the employees' ability to work and the fluctuation in investment balances due to the negative effect of this pandemic on financial markets. COVID-19 also affects the public's ability to visit Yosemite, thereby affecting retail store sales and related program service fees at the park. The Conservancy's donor base may also be affected in a variety of ways, potentially limiting the amount of contributions that might be received during this time. Any of the foregoing could harm the Conservancy's operations and the ways in which COVID-19 and similar public health crises could adversely impact the business cannot be anticipated. Although the Conservancy is continuing to monitor and assess the effects of the COVID-19 pandemic on its operations, the ultimate impact of the COVID-19 outbreak or a similar epidemic is highly uncertain and subject to change." |
According to the Yosemite Conservancy consolidated audit of December 31, 2020 (Note 10, Grant Commitment and Aid to National Park Service): "Every year, the Conservancy makes grants to the National Park Service to fund projects and programs within Yosemite which would not otherwise be completed without private funding. ... For the years ending December 31, 2020 and 2019, the total grants made were $8,791,890 and $7,613,831, respectively. These project commitments funded over 38 and 55 individual projects and programs in 2020 and 2019, respectively." |
According to the Yosemite Conservancy consolidated audit of December 31, 2020 (Note 6, Land Held by YF Real Estate Holdings LLC): "During 2014, the Conservancy purchased a house in the amount of $243,752 in El Portal, California to be rented as housing to Conservancy employees. In 2020, an additional house was purchased in El Portal, California in the amount of $300,859, for the same purpose. The houses are rented at market value. ... The houses sit on National Park Service land that has been officially assigned to the Conservancy through the current cooperating agreement. "During 2018, the Conservancy purchased land amounting to $1,751,256 in Yosemite West with the purpose of constructing housing for Yosemite employees in the future. In 2019, additional land was purchased, and improvements were made, amounting to $559,944. In 2020, additional improvements were made in the amount of $284,917." |
According to the Yosemite Conservancy consolidated audit of December 31, 2020 (Note 22, Subsequent Events): "Management has evaluated material subsequent events through May 11, 2021, the date the [audited] consolidated financial statements were available to be issued. "On January 4, 2021, the Conservancy's Executive Committee approved $4,243,846 in new grants payable for 2021 park projects. "On February 11, 2021, the Conservancy received notification that the full amount of borrowings under the PPP loan of $759,300 had been forgiven by the SBA (Note 18) [cited in a separate Analysts' Note, above]." |
According to the Yosemite Conservancy 2020 tax filing, the Conservancy reports re: Compensation, Supplemental Information (IRS Form 990, Schedule J, Part III): Regarding nonfixed payments to officers, directors, trustees, key employees and highest compensated employees (Schedule J, Part I, Line 7): "The president received a non-fixed bonus of $25,000 which was included in his taxable wages." [The reported total compensation in 2020 for Frank Dean, President & CEO, is $410,008 (IRS Form 990, Schedule J, Part II).] |
