Civic Intelligence

Heritage Conservancy Inc

EIN 23-6296515 • 501(c)3 • Doylestown, PA

Profile

We are a community based organization dedicated to the preservation and protection of significant open spaces, natural resources, and our historic heritage.

85 Old Dublin PikeDoylestown, PA 18901

www.heritageconservancy.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

28th percentile

0.06x

Higher debt load relative to assets than 28% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2022

Liabilities / Revenue

72nd percentile

0.70x

Higher debt load relative to revenue than 72% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2022

Net Margin

7th percentile

-37%

Higher net margin than 7% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2022

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

9th percentile

-8.5%

Faster asset growth than 9% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2021 to 2022

Revenue Growth

6th percentile

-38%

Faster revenue growth than 6% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2021 to 2022

Assets

Up

$39,052,467

Up $10,384,812 (+36%) from 2023

Liabilities

Up

$812,898

Up $48,875 (+6.4%) from 2023

Net Assets

Up

$38,239,569

Up $10,335,937 (+37%) from 2023

Revenue

Up

$12,458,931

Up $7,537,999 (+153%) from 2023

Expenses

Up

$3,160,593

Up $134,993 (+4.5%) from 2023

Net Income

Up

$9,298,338

Up $7,403,006 (+391%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$40M$30M$20M$10M$0Assets 2011: $19,643,988Liabilities 2011: $714,400Net Assets 2011: $18,929,5882011Assets 2012: $19,457,593Liabilities 2012: $672,812Net Assets 2012: $18,784,7812012Assets 2013: $20,179,361Liabilities 2013: $816,057Net Assets 2013: $19,363,3042013Assets 2014: $21,215,063Liabilities 2014: $1,428,920Net Assets 2014: $19,786,1432014Assets 2015: $21,401,803Liabilities 2015: $907,857Net Assets 2015: $20,493,9462015Assets 2016: $22,349,951Liabilities 2016: $410,942Net Assets 2016: $21,939,0092016Assets 2017: $24,493,531Liabilities 2017: $332,801Net Assets 2017: $24,160,7302017Assets 2018: $23,576,272Liabilities 2018: $349,902Net Assets 2018: $23,226,3702018Assets 2019: $25,490,344Liabilities 2019: $407,615Net Assets 2019: $25,082,7292019Assets 2020: $28,658,448Liabilities 2020: $1,287,270Net Assets 2020: $27,371,1782020Assets 2021: $30,719,315Liabilities 2021: $1,364,595Net Assets 2021: $29,354,7202021Assets 2022: $28,109,274Liabilities 2022: $1,577,668Net Assets 2022: $26,531,6062022Assets 2023: $28,667,655Liabilities 2023: $764,023Net Assets 2023: $27,903,6322023Assets 2024: $39,052,467Liabilities 2024: $812,898Net Assets 2024: $38,239,5692024

Highlighted filing

2024

Assets$39,052,467
Liabilities$812,898
Net Assets$38,239,569

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$15M$10M$5.0M$0-$5.0MExpenses 2011: $2,597,5912011Expenses 2012: $2,575,8182012Revenue 2013: $2,247,272Expenses 2013: $2,144,776Net Income 2013: $102,4962013Revenue 2014: $2,096,764Expenses 2014: $1,967,491Net Income 2014: $129,2732014Revenue 2015: $4,725,782Expenses 2015: $2,000,966Net Income 2015: $2,724,8162015Revenue 2016: $3,555,872Expenses 2016: $2,351,817Net Income 2016: $1,204,0552016Revenue 2017: $4,772,991Expenses 2017: $2,696,629Net Income 2017: $2,076,3622017Revenue 2018: $2,622,775Expenses 2018: $2,571,320Net Income 2018: $51,4552018Revenue 2019: $3,358,985Expenses 2019: $2,597,148Net Income 2019: $761,8372019Revenue 2020: $7,422,682Expenses 2020: $6,007,411Net Income 2020: $1,415,2712020Revenue 2021: $3,652,763Expenses 2021: $2,318,715Net Income 2021: $1,334,0482021Revenue 2022: $2,256,496Expenses 2022: $3,097,180Net Income 2022: -$840,6842022Revenue 2023: $4,920,932Expenses 2023: $3,025,600Net Income 2023: $1,895,3322023Revenue 2024: $12,458,931Expenses 2024: $3,160,593Net Income 2024: $9,298,3382024

Highlighted filing

2024

Revenue$12,458,931
Expenses$3,160,593
Net Income$9,298,338

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$39.1$0.81$38.2$12.5$3.16$9.30
2023Detailed filing. Detailed filing data is available for this year.$28.7$0.76$27.9$4.92$3.03$1.90
2022Detailed filing. Detailed filing data is available for this year.$28.1$1.58$26.5$2.26$3.10$0.84
2021Detailed filing. Detailed filing data is available for this year.$30.7$1.36$29.4$3.65$2.32$1.33
2020Detailed filing. Detailed filing data is available for this year.$28.7$1.29$27.4$7.42$6.01$1.42
2019Detailed filing. Detailed filing data is available for this year.$25.5$0.41$25.1$3.36$2.60$0.76
2018Detailed filing. Detailed filing data is available for this year.$23.6$0.35$23.2$2.62$2.57$0.05
2017Detailed filing. Detailed filing data is available for this year.$24.5$0.33$24.2$4.77$2.70$2.08
2016Detailed filing. Detailed filing data is available for this year.$22.3$0.41$21.9$3.56$2.35$1.20
2015Detailed filing. Detailed filing data is available for this year.$21.4$0.91$20.5$4.73$2.00$2.72
2014Detailed filing. Detailed filing data is available for this year.$21.2$1.43$19.8$2.10$1.97$0.13
2013Detailed filing. Detailed filing data is available for this year.$20.2$0.82$19.4$2.25$2.14$0.10
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$19.5$0.67$18.8$2.58
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$19.6$0.71$18.9$2.60
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 8, 2025
Return Version
2024v5.0
Gross Receipts
$12,830,643
Mission and Program Overview

Mission

We are a community based organization dedicated to the preservation and protection of significant open spaces, natural resources, and our historic heritage.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$14,309,908$24,154,604▲ $9,844,696
Investments in Publicly Traded Securities$7,391,009$7,850,765▲ $459,756
Savings and Temporary Cash Investments$3,420,600$3,557,601▲ $137,001
Pledges and Grants Receivable$555,265$346,181▼ $209,084
Prepaid Expenses and Deferred Charges$14,843$78,643▲ $63,800
Cash and Non-Interest-Bearing Accounts$13,706$27,169▲ $13,463
Accounts Receivable$20,649$19,310▼ $1,339
Inventories for Sale or Use$8,205--
Other Notes and Loans Receivable, Net$162,500$6,250▼ $156,250
Total Assets$28,667,655$39,052,467▲ $10,384,812
Other Assets Total$2,770,970$3,011,944▲ $240,974
Liabilities
Deferred Revenue$445,074$465,356▲ $20,282
Other Liabilities$176,400$173,035▼ $3,365
Accounts Payable and Accrued Expenses$126,821$166,643▲ $39,822
Mortgage Notes Payable Secured by Investment Property$15,728$7,864▼ $7,864
Total Liabilities$764,023$812,898▲ $48,875
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$10,704,777$20,763,102▲ $10,058,325
Net Assets With Donor Restrictions$17,198,855$17,476,467▲ $277,612
Total Net Assets Fund Balance$27,903,632$38,239,569▲ $10,335,937
Total Liabilities and Net Assets / Fund Balance$28,667,655$39,052,467▲ $10,384,812

Asset Categories

AssetBook ValueDepreciationBasis
Land$22,890,674-$22,890,674
Buildings$1,039,250$4,249,385$5,288,635
Equipment$271,061$174,230$445,291
Other Land Buildings$-46,381$86,844$40,463
Other Assets Org$3,011,944--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$10,603,469$162,804▲ $1,388,467$-755,100$11,366,731
2023$9,636,395$140,204▲ $1,402,825$-552,126$10,603,469
2022$11,976,008$115,704▼ $1,626,861$-774,776$9,636,395
2021$11,249,308$123,803▲ $1,327,223$-693,517$11,976,008
2020$9,746,447$712,850▲ $1,256,655$-438,843$11,249,308
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
William KunzePresidentFT$178,875$21,802$200,677
Kris KernVice PresideFT$111,070$10,006$121,076
Revenue and Support

Revenue Composition

Contributions and Grants
$11,044,758
Program Service Revenue
$342,031
Investment Income
$571,798
Other Revenue
$500,344
All Other Contributions
$10,735,697
Change in Net Assets
$9,298,338

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Real Estate Other1$9,670,000Appraised Value
Other Non Cash Contri Table2$43,800Fair Market Value
Other Non Cash Contri Table4$10,328Fair Market Value
Other Non Cash Contri Table9$9,484Fair Market Value
Other Non Cash Contri Table2$5,734Fair Market Value
Total Noncash Contributions18$9,739,346-

Audited Revenue Reconciliation

Revenue per Audited Statements
$12,426,021
Revenue Not Reported on Financial Statements
$32,910
Revenue Not Reported on Form 990
$1,040,102
Total Revenue per Audited Statements
$13,466,123
Total Revenue per Form 990
$12,458,931
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,985,291
Other Expenses$1,175,302
Total Fundraising Expense$518,378
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$919,263$168,293$318,472$1,406,028
Occupancy$337,693$17,433$24,176$379,302
Current Officers, Directors, Trustees, and Key Employees$209,141$64,350$48,262$321,753
Payroll Taxes$87,799$16,578$26,424$130,801
Depreciation Depletion$87,303$18,827$13,383$119,513
Other Employee Benefits$44,567$22,995$32,897$100,459
Office Expenses$17,883$32,934$29,439$80,256
Insurance$71,988$6,891-$78,879
Fees for Services Legal$51,481$13,171-$64,652
Fees for Services Other$44,374$1,314-$45,688
Information Technology$10,809$20,676$9,502$40,987
Fees for Service Investment Mgmnt Fees-$32,910-$32,910
Travel$27,015$398$509$27,922
Pension Plan Contributions$11,145$6,081$9,024$26,250
Fees for Services Accounting-$26,015-$26,015
Other Expenses$10,206$7,218$4,112$21,536
All Other Expenses$8,725$1,450$195$10,370
Conferences and Meetings$5,238$3,900$1,083$10,221
Advertising$7,303-$900$8,203
Interest-$1,006-$1,006
Total Functional Expenses$2,157,028$485,187$518,378$3,160,593

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$3,160,593
Total Expenses per Audited Statements$3,130,186
Expenses per Audited Statements$3,127,683
Expenses Not Reported on Financial Statements$32,910
Expenses Not Reported on Form 990$2,503
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$120,835
Fundraising Gross Income$42,600
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Christmas/aldie$141,236$23,400$8,039$15,361
Farm to Table$152,470$17,700$8,074$9,626
Total Events$293,706$41,100$120,835$-79,735
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Security Deposit$173,035
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

Contributors of 50 or more are granted membership to the organization. Members help to preserve the natural and historic resources of the area through their contributions.members receive the environs newsletter, can attend free seminars, attend an annual member appreciation party, and are invited to member-only events.

Form 990, Page 6, Part VI, Line 11B

The finance committee approves the form 990 which is then provided to the board members before it is filed.

Form 990, Page 6, Part VI, Line 12C

In compliance with our national land trust accreditation, each year, all board members sign an agreement to abide by the conflict of interest policy. In addition, board members are required to bring any conflicts of interest to the board's attention before they occur. During the board meetings any potential conflicts of interest are documented in the meeting minutes.

Form 990, Page 6, Part VI, Line 15A

The board's executive committee regularly reviews total compensation levels for heritage conservancy's senior executives and officers to ensure that all such compensation is both reasonable and appropriate given the individual's role and performance as well as compensation levels in the marketplace. Actions taken by the committee enable heritage to achieve a reputable presumption of reasonableness under irs code section 4958. Committee members involved in senior executive and officer pay decisions are truly independent and free from conflicts of interest with respect to their efforts in determining compensation levels. Members of management neither exert undue influence nor drive the conclusions of the compensation analyses, and they are recused during the committee's deliberations about their pay.

Form 990, Page 6, Part VI, Line 15B

The organization uses the same compensation process for key employees that is used for top official employees.

Form 990, Page 6, Part VI, Line 19

Governing documents, policies, and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Heritage Conservancy Inc
EIN
23-6296515
Phone
2153457020
Address
85 OLD DUBLIN PIKE, DOYLESTOWN, PA 18901

Signing Officer

Name
William Kunze
Title
President
Phone
2153457020
Signed
2025-05-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William Kunze
Formed
1958
Legal Domicile
Pa
Voting Board Members
18
Independent Board Members
18
Employees
52
Volunteers
335

Preparer

Firm
Bee Bergvall & Co
Address
PO BOX 754, WARRINGTON, PA 18976-0754
Preparer
Cynthia Bergvall CPA
Phone
2153432727
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4A

Heritage conservancy is a nonprofit organization that works in partnership with communities, landowners, businesses, governments, and other mission- focused organizations to ensure that the landscapes that make this region special endure and flourish, for the benefit of both people and nature. Founded in 1958 and based in doylestown, pa, the conservancy has worked with others to protect more than 16,000 acres of open space, farmland, wildlife habitat, and important watershed areas throughout bucks and in surrounding counties. The conservancy directly owns and manages more than 50 properties totaling more than 1500 acres, holds conservation easements on more than 250 properties totaling more than 8600 acres, and actively pursues habitat restoration initiatives across the region. Heritage conservancy also holds historic preservation easements and maintains a register of historic places with more than 700 entries. In its work to connect people to the environment and history of our region, to educate, and to inspire advocacy for land and watershed protection, the conservancy interacts with thousands of community members every year, including more than 2500 students and hundreds of volunteers. Heritage conservancy is nationally accredited by the land trust accreditation commission.

Financial Statement Notes

Schedule D, Page 1, Part II, Line 5

As a nationally accredited land trust, we've adopted and are required to follow land trust standards and practices, which means we must monitor our conservation easement properties annually. We also have policies on easement violations and enforcement. Our enforcement policy includes stipulations for annual monitoring, identification of a possible violation during the monitoring visit and the steps to be taken to confirm and resolve any violation.

Schedule D, Page 1, Part II, Line 9

Easements: the conservancy receives or purchases conservation easements from various landowners and it is recorded as an expense for conservation restrictions, a component of program services, in the statement of activities in the year of its purchase. Easements are legal restrictions that permanently protect land while leaving it in private ownership. A landowner donates or sells the easement to the conservancy, which in turn ensures that the conditions of the easement are met over time. While the owner still retains the fee interest in the land, it is the conservancy's responsibility to monitor compliance with restrictions as set forth in the easement and to take action, including legal measures if necessary, to correct any violations.

Schedule D, Page 2, Part V, Line 4

The endowment funds are for conservation purposes and the investment earnings are intended to be used to maintain, monitor, and for the enforcement of conservation easements.

Schedule D, Page 3, Part X

As required by the fasb accounting standards codification, entities are required to determine whether it is more likely than not that a tax position will be sustained upon examination by the appropriate taxing authorities before any part of the benefit can be recorded in the financial statements. It also provides guidance on the recognition, measurement, and classification of income tax uncertainties, along with any related interest or penalties. This standard had no impact on the organization's financial statements. The organization's federal tax return is subject to audit by taxing authorities. The organization's returns open audit periods are for the fiscal years ending december 31, 2021 - 2023.

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