Civic Intelligence

Yellowstone Park Foundation

990 • Fiscal year 2015 • EIN 83-0311166

Jul 01, 2014 to Jun 30, 2015 • Filed on Mar 09, 2016

222 East Main StreetBozeman, MT 59715

(406) 586-6303

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

22nd percentile

0.03x

Higher debt load relative to assets than 22% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Liabilities / Revenue

13th percentile

0.04x

Higher debt load relative to revenue than 13% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Net Margin

28th percentile

-1.8%

Higher net margin than 28% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Top Officer Pay

59th percentile

$200,000

Higher top officer pay than 59% of similar nonprofits.

Top officer pay equals 2.2% of source-year revenue.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Asset Growth

45th percentile

0.2%

Faster asset growth than 45% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Revenue Growth

85th percentile

30%

Faster revenue growth than 85% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Assets

Up

$10,072,748

Up $23,052 (+0.2%) from 2014

Net Assets

Down

$9,721,451

Down $192,565 (-1.9%) from 2014

Liabilities

Up

$351,297

Up $215,617 (+159%) from 2014

Revenue

Up

$8,997,362

Up $2,081,906 (+30%) from 2014

Expenses

Up

$9,155,379

Up $2,277,061 (+33%) from 2014

Net Income

Down

-$158,017

Down $195,155 (-525%) from 2014

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0Assets 2011: $11,812,094Liabilities 2011: $73,005Net Assets 2011: $11,739,0892011Assets 2012: $11,838,037Liabilities 2012: $67,651Net Assets 2012: $11,770,3862012Assets 2013: $9,970,496Liabilities 2013: $141,693Net Assets 2013: $9,828,8032013Assets 2014: $10,049,696Liabilities 2014: $135,680Net Assets 2014: $9,914,0162014Assets 2015: $10,072,748Liabilities 2015: $351,297Net Assets 2015: $9,721,4512015

Highlighted filing

2015

Assets$10,072,748
Liabilities$351,297
Net Assets$9,721,451

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$10M$5.0M$0-$5.0MExpenses 2011: $4,579,1742011Revenue 2012: $4,838,197Expenses 2012: $4,803,186Net Income 2012: $35,0112012Revenue 2013: $6,248,952Expenses 2013: $8,190,535Net Income 2013: -$1,941,5832013Revenue 2014: $6,915,456Expenses 2014: $6,878,318Net Income 2014: $37,1382014Revenue 2015: $8,997,362Expenses 2015: $9,155,379Net Income 2015: -$158,0172015

Highlighted filing

2015

Revenue$8,997,362
Expenses$9,155,379
Net Income-$158,017
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Mar 9, 2016
Return Version
2014v6.0
Gross Receipts
$17,701,995
Mission and Program Overview

Mission

The yellowstone park fdn works to fund projects & programs that protect, preserve, & enhance the natural and cultural resources & the visitor experience of yellowstone nat'l park.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$3,084,671$4,211,502▲ $1,126,831
Pledges and Grants Receivable$3,395,041$3,639,469▲ $244,428
Savings and Temporary Cash Investments$3,111,356$1,099,104▼ $2,012,252
Cash and Non-Interest-Bearing Accounts$305,723$984,560▲ $678,837
Land, Buildings, and Equipment, Net$51,204$65,136▲ $13,932
Prepaid Expenses and Deferred Charges$60,279$41,135▼ $19,144
Inventories for Sale or Use$28,640$20,793▼ $7,847
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Intangible Assets$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$10,049,696$10,072,748▲ $23,052
Other Assets Total$12,782$11,049▼ $1,733
Liabilities
Accounts Payable and Accrued Expenses$135,680$351,297▲ $215,617
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$135,680$351,297▲ $215,617
Net Assets / Fund Balance
Temporarily Rstr Net Assets$7,342,097$7,076,522▼ $265,575
Unrestricted Net Assets$2,562,943$2,635,953▲ $73,010
Permanently Rstr Net Assets$8,976$8,976→ $0
Total Net Assets Fund Balance$9,914,016$9,721,451▼ $192,565
Total Liabilities and Net Assets / Fund Balance$10,049,696$10,072,748▲ $23,052

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$65,136$134,621$199,757

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$12,439-▲ $422-$12,861
2014$10,347-▲ $2,092-$12,439
2013$10,345-▲ $2-$10,347
2012$10,442-▼ $97-$10,345
2011$10,437-▲ $5-$10,442
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Karen KressPresidentFT$200,000$200,000

Board Members and Trustees

NameTitle
Kay YeagerBoard Chair/board Member
Charlie KaufmannBoard Member
Doug SpencerBoard Member
Edna JohnsonBoard Member
Joe MarushackBoard Member
Kevin ButtBoard Member
Lee SelbyBoard Member
Tom MurphyBoard Member
Wayne SiemensBoard Member
John CostelloCorp Partners/board Member
Carolyn HeppelDonor Stewardship/board Member
Richard SeveranceGrants/board Member
Dan ManningPersonnel/board Member
Rob MathiasSecretary/board Member
John WaldaTreasurer/board Member
Annie GrahamTrustee Mgmt/board Member
Larry PatrickVc Major Gifts/board Member

Highest Paid Contractors

ContractorServicesLocationCompensation
None--$0
Revenue and Support

Revenue Composition

Contributions and Grants
$8,930,810
Program Service Revenue
$0
Investment Income
$66,552
Other Revenue
$0
All Other Contributions
$8,911,935
Change in Net Assets
$-158,017

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded12$729,952Fair Market Value
Other Non Cash Contri Table10$287,757Fair Market Value
Total Noncash Contributions22$1,017,709-

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,997,362
Revenue Not Reported on Form 990
$1,335,450
Total Revenue per Audited Statements
$10,332,812
Total Revenue per Form 990
$8,997,362
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$6,342,841
Other Expenses$1,483,700
Salaries, Compensation, and Employee Benefits$1,328,838
Total Fundraising Expense$1,130,748
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$6,342,841--$6,342,841
Other Salaries and Wages$228,258$368,830$270,534$867,622
Fees for Services Other$96,270$111,657$148,627$356,554
Current Officers, Directors, Trustees, and Key Employees$60,000$70,000$70,000$200,000
All Other Expenses$52,547$54,048$88,029$194,624
Other Employee Benefits$29,771$48,054$32,437$110,262
Travel$29,676$31,074$49,162$109,912
Payroll Taxes$21,439$31,468$26,495$79,402
Pension Plan Contributions$19,319$25,895$26,338$71,552
Other Expenses$17,086$46,196$75,202$63,282
Occupancy$16,301$44,071-$60,372
Office Expenses$10,557$21,978$6,566$39,101
Fees for Services Accounting$9,377$25,351-$34,728
Depreciation Depletion$6,468$17,488-$23,956
Advertising$4,367$8,497$3,309$16,173
Insurance$2,590$7,003-$9,593
Fees for Services Legal$1,990$5,381-$7,371
Conferences and Meetings$1,886$5,099-$6,985
Total Functional Expenses$7,102,226$922,405$1,130,748$9,155,379

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$10,525,377
Expenses per Audited Statements$9,155,379
Total Expenses per Form 990$9,155,379
Expenses Not Reported on Form 990$1,369,998
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
National Park ServiceNational Park, WYinterior deptMaintenance Preservation$7,425,082
National Park ServiceNational Park, WYinterior deptMaintenance-
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
No
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 Part VI Line 11B

The foundation works closely with the outside accounting firm to review the draft and final return prior to its submission to the irs. The finance and audit committee is responsible for reviewing the foundation's form 990 prior to filing. The final return is also provided to the board of directors for review prior to filing the return.

Form 990 Part VI Line 12C

A) before the board or committee takes an action on a contract or transaction involving a conflict of interest, a director or committee member having a conflict of interest and who is in attendance at the meeting shall disclose all facts material to the conflict of interest. Such disclosure shall be reflected in the minutes of the meeting. B) a director or committee member who plans not to attend a meeting at which he or she has reason to believe that the board or committee will act on a matter in which the person has a conflict of interest shall disclose to the chair of the meeting all facts material to the conflict of interest. The chair shall report the disclosure at the meeting and the disclosure shall be reflected in the minutes of the meeting. C) a person who has a conflict of interest shall not participate in or be permitted to hear the board's or committee's discussion of the matter except to disclose material facts and to respond to questions. Such person shall not attempt to exert his or her personal influence with respect to the matter, either at or outside the meeting. D) a person who has a conflict of interest with respect to a contract or transaction that will be voted on at a meeting shall not be counted in determining the presence of a quorum for purposes of the vote. The person having a conflict of interest may not vote on the contract or transaction and shall not be present in the meeting room when the vote is taken, unless the vote is by secret ballot. Such person's ineligibility to vote shall be reflected in the minutes of the meeting. For purposes of this paragraph, a member of the board of directors of the foundation has a conflict of interest when he or she stands for election as an officer or for re-election as a member of the board of directors. E) responsible persons who are not members of the board of directors of the foundation, or who have a conflict of interest with respect to a contract or transaction that is not the subject of board or committee action, shall disclose to the chair or the chair's designee any conflict of interest that such responsible person has. With respect to a contract or transaction such disclosure shall be made as soon as the conflict of interest is known to the responsible person. The responsible person shall refrain from any action that may affect the foundation's participation in such contract or transaction. In the event it is not entirely clear that a conflict of interest exists, the individual with the potential conflict shall disclose the circumstances to the chair or the chair's designee, who shall determine whether there exists a conflict of interest that is subject to this policy. F) the entire board and council along with foundation staff are all covered by the yellowstone park foundation conflict of interest policy. The trustee management committee is responsible for annual conflict of interest review.

Form 990 Part VI Line 15A

The yellowstone park foundation has a personnel committee, comprised solely of independent directors, none of which have a conflict of interest with respect to the compensation agreement, to be accountable for setting reasonable compensation packages for key employees. The personnel committee develops, consistent with the organization's philosophy and principles, the annual performance goals and criteria to be used in determining merit increases and variable compensation criteria for key employees. The primary criteria used in the evaluation process is budget/revenue achievement, effective leadership as demonstrated by metrics associated with financial stewardship, staff development, cost control, etc. And building and leveraging relationships with key constituencies. Appropriate comparability data is obtained and analyzed for similar job responsibilities in similar organizations, including the 2015 montana non-profit association salary study purchased during the year. The committee's records are documented in the minutes which are approved at the following meeting. This process was last undertaken for the president in 2015.

Form 990 Part VI Line 19

While federal tax laws do not mandate that the organization's governing documents, conflict of interest policy, and financial statements be made available for public inspection, the organization makes these documents available upon request. In addition, the annual report is posted on the organization's website.

Filing and Contact Details

Filer

Filer Name
Yellowstone Park Foundation
EIN
83-0311166
In Care Of
% JEFF AUGUSTIN
Phone
4065866303
Address
222 EAST MAIN STREET, BOZEMAN, MT 59715

Signing Officer

Name
karen kress
Title
president
Signed
2016-03-09

Organization Details

Principal Officer
Karen Bates Kress
Formed
1996
Legal Domicile
Mt
Voting Board Members
18
Independent Board Members
18
Employees
17

Preparer

Firm
Kpmg Llp
Address
1918 Eighth Avenue Suite 2900, Seattle, WA 98101
Supplemental Narrative

Additional Explanations

Form 990 Part III Line 1

The yellowstone park foundation works in cooperation with the national park service to fund projects and programs that protect, preserve, and enhance the natural and cultural resources and the visitor experience of yellowstone national park.

Form 990 Part III Line 4A

Visitor experience : every trip made to yellowstone should be as magical as the first. But heavy annual visitation can take its toll on trails, campgrounds, and other park facilities. The yellowstone park foundation supports projects that enhance recreation, safety, and accessibility. - trail and campground rehabilitation - visitor accessibility - volunteer programs - educational wayside exhibits - informal, ranger-led interpretation - website features such as the old faithful webcam and online roving rangers videos - research or outreach to make yellowstone more relevant and accessible to diverse audiences

Form 990 Part III Line 4B

Wildlife, wonders & wilderness : yellowstone is home to the largest concentration of wildlife in the lower 48 states and is an important habitat for several endangered, threatened, and declining species. It is also home to more geysers, hot springs, and other hydrothermal features than the rest of the world combined. The yellowstone park foundation supports projects relating to wildlife, geology, science, ecosystem health, and education to preserve the precious natural resources for which yellowstone is famous. - wildlife research and monitoring projects - fisheries research and restoration - wildlife safety education programs - the greater yellowstone science learning center at greateryellowstonescience.org - geology, paleontology, and microbiology - scientific conferences and workshops - study and protection of hydrothermal features

Form 990 Part III Line 4C

Tomorrow's stewards : yellowstone is one of the world's premier outdoor classrooms, and the park has many experienced, enthusiastic ranger-teachers who conduct award-winning educational programs for children. Yellowstone park foundation support helps enhance these programs and expand their reach in order to promote the understanding, appreciation, and stewardship of yellowstone among the next generation. - young scientist and junior ranger programs for young visitors - scholarships for expedition:yellowstone! - teacher training workshops, and other formal education programs - yellowstone youth conservation corps - electronic field trips at windowsintowonderland.com

Form 990 Part III Line 4D

Other program services: cultural treasures: the yellowstone park foundation supports projects that protect, preserve, research and share information about yellowstone's human past. - curation & preservation of yellowstone's museum collections - archeological surveys & excavations - preservation of treasured landscapes & historic structures ranger heritage : yellowstone rangers have no small job. They are charged with protecting the 2.2-million-acre park's natural resources, as well as the safety of visitors. They need trustworthy equipment, modern technology, reliable transportation, and suitable facilities. The yellowstone park foundation supports projects that promote the effectiveness, safety, and efficiency of rangers, and preserve the rich tradition of rangers in yellowstone. - backcountry operations including stock management - the rehabilitation of historic patrol cabins - museum of the national park ranger - equipment and technology for safety, law enforcement, and search and rescue operations greenest park: the yellowstone park foundation supports projects that reduce yellowstone's ecological footprint, increase operational efficiency, and better preserve enviornmental resources.

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Peer Organizations

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