CharityWatch REPORT
Issued July 2019

CharityWatch Analysts perform an in-depth analysis of charities' audited financial statements and IRS tax filings, and often review other documents such as state filings, annual reports, and fundraising contracts during their evaluations. Below are select notes that CharityWatch believes may be of interest to donors.

Any time an Analysts' Note refers to a charity's Audited Financial Statements or IRS tax form, CharityWatch encourages interested donors to obtain a copy of the referenced documents so that they may view the information in context. Please contact the charity directly to request a copy of any referenced document. Charity tax forms and audits may also be obtained from a number of online databases. For a list of sources, please visit our LINKS page.

Note(s)
CharityWatch's rating of The Nature Conservancy includes the consolidated financial accounts of The Conservancy's national office in Arlington, VA, as well as its "chapters and affiliates, both domestic and international, including those which are separately incorporated, receive gifts, and perform conservation activities in the name of The Conservancy," as described in Note 2 of The Nature Conservancy consolidated audit of June 30, 2018. All significant intercompany transactions have been eliminated in the audit consolidation.

"The Conservancy conducts its activities throughout the United States, Canada, Latin America, the Caribbean, Europe, Africa, Asia, and the Pacific," according to Note 1 of the consolidated audit.
According to The Nature Conservancy consolidated audit of June 30, 2018 (Note 4, Contributions), The Conservancy received contributed goods and services in fiscal 2018 on which it placed a total value of approximately $31,628,000.

[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 by clicking on "Criteria & Methodology" under "About Us" on the navigation header.]
According to The Nature Conservancy consolidated audit of June 30, 2018 (Note 9, Related Party Transactions):

"...The Conservancy has an unsecured $10,000,000 zero-interest loan agreement payable in full in 2026 to a current Board member reflected in notes payable in the accompanying [audited] consolidated statement of financial position..."


According to The Nature Conservancy (TNC) tax filing for the fiscal year ended June 30, 2018 (IRS Form 990, Schedule L, Part IV):

TNC reports for Business Transactions Involving Interested Persons, a transaction in the amount of $1,049,000 paid to Conata Ranch LLC, with which Board member, Vincent Ryan has a relationship. The transaction description includes: "TNC sold 1,660 acres of land..."
According to The Nature Conservancy consolidated audit of June 30, 2018 (Note 5, Commitments and Contingencies, Land acquisitions and other commitments):

"The Conservancy has entered into contracts for the purchase of land and other purchase commitments that have not closed as of June 30, 2018, in the amount of $116,385,000."
According to The Nature Conservancy tax filing for the fiscal year ended June 30, 2018, The Conservancy reports re: Compensation, Supplemental Information (IRS Form 990, Schedule J, Part III):

Regarding severance payments to officers, directors, trustees, key employees and highest compensated employees (Schedule J, Part I, Line 4A):

"Former Chief Financial and Administrative Officer, Stephen C Howell, received a severance payment in the amount of $193,800."


The reported total compensation for Stephen C. Howell in calendar year 2017 is $785,409 (IRS Form 990, Part VII).

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