Civic Intelligence

Jocotoco Conservation Foundation

990 • Fiscal year 2024 • EIN 83-2027203

Jul 01, 2023 to Jun 30, 2024 • Filed on Mar 03, 2025

2223 South Wentworth Avenue 202Chicago, IL 60618

(301) 309-1177

Siviq Scores

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

Liabilities / Assets

52nd percentile

0.07x

Higher debt load relative to assets than 52% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

52nd percentile

0.09x

Higher debt load relative to revenue than 52% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

8th percentile

-38%

Higher net margin than 8% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

42nd percentile

$15,264

Higher top officer pay than 42% of similar nonprofits.

Top officer pay equals 0.6% of source-year revenue.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

5th percentile

-28%

Faster asset growth than 5% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

6th percentile

-42%

Faster revenue growth than 6% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$3,080,425

Down $1,186,789 (-28%) from 2023

Net Assets

Down

$2,859,609

Down $950,780 (-25%) from 2023

Liabilities

Down

$220,816

Down $236,009 (-52%) from 2023

Revenue

Down

$2,520,547

Down $1,835,700 (-42%) from 2023

Expenses

Up

$3,472,843

Up $1,683,797 (+94%) from 2023

Net Income

Down

-$952,296

Down $3,519,497 (-137%) from 2023

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2019: $100,480Liabilities 2019: $02019Assets 2020: $339,744Liabilities 2020: $330Net Assets 2020: $339,4142020Assets 2021: $2,216,593Liabilities 2021: $114,209Net Assets 2021: $2,102,3842021Assets 2022: $1,868,451Liabilities 2022: $661,063Net Assets 2022: $1,207,3882022Assets 2023: $4,267,214Liabilities 2023: $456,825Net Assets 2023: $3,810,3892023Assets 2024: $3,080,425Liabilities 2024: $220,816Net Assets 2024: $2,859,6092024Assets 2025: $1,775,803Liabilities 2025: $33,201Net Assets 2025: $1,742,6022025

Highlighted filing

2024

Assets$3,080,425
Liabilities$220,816
Net Assets$2,859,609

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2019: $100,508Expenses 2019: $28Net Income 2019: $100,4802019Revenue 2020: $646,620Expenses 2020: $407,686Net Income 2020: $238,9342020Revenue 2021: $2,446,304Expenses 2021: $683,334Net Income 2021: $1,762,9702021Revenue 2022: $2,719,939Expenses 2022: $3,528,635Net Income 2022: -$808,6962022Revenue 2023: $4,356,247Expenses 2023: $1,789,046Net Income 2023: $2,567,2012023Revenue 2024: $2,520,547Expenses 2024: $3,472,843Net Income 2024: -$952,2962024Revenue 2025: $2,196,036Expenses 2025: $3,349,332Net Income 2025: -$1,153,2962025

Highlighted filing

2024

Revenue$2,520,547
Expenses$3,472,843
Net Income-$952,296
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Mar 3, 2025
Return Version
2023v6.0
Gross Receipts
$2,520,547
Mission and Program Overview

Mission

Jocotoco Conservation Foundation provides strategic planning, capacity and support to enhance the establishment and ongoing management of ecological reserves in Ecaudor, with the goal of protecting and conserving threatened ecosystems with important conentrations of biodiversity.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$3,820,138$1,489,335▼ $2,330,803
Investments in Publicly Traded Securities$274,321$1,473,973▲ $1,199,652
Cash and Non-Interest-Bearing Accounts$168,796$116,824▼ $51,972
Land, Buildings, and Equipment, Net$566$0▼ $566
Prepaid Expenses and Deferred Charges$3,393$293▼ $3,100
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$4,267,214$3,080,425▼ $1,186,789
Other Assets Total-$0-
Liabilities
Deferred Revenue$450,000--
Accounts Payable and Accrued Expenses$6,825$220,816▲ $213,991
Total Liabilities$456,825$220,816▼ $236,009
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,865,087$1,853,264▼ $11,823
Net Assets Without Donor Restrictions$1,945,302$1,006,345▼ $938,957
Total Net Assets Fund Balance$3,810,389$2,859,609▼ $950,780
Total Liabilities and Net Assets / Fund Balance$4,267,214$3,080,425▼ $1,186,789

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$1,896$1,896

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$377,964-▲ $38,088-$416,052
2023$345,993-▲ $31,971-$377,964
2022-$416,052▼ $70,059-$345,993
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Lawrence HudsonExecutive DirectorFT$15,264$15,264
Jajean RoseExecutive DirectorFT$9,167$9,167

Board Members and Trustees

NameTitle
Adela EspinosaPresident
Marlies QuirinoPresident
David AgroVice President
Robert RidgelyDirector
Andrew FarnsworthTreasurer
Stephanie HanfordTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Gravois Aluminum Boatsboat construction160 Boro Lane, Franklinl, LA 70538$220,165
Revenue and Support

Revenue Composition

Contributions and Grants
$2,397,072
Program Service Revenue
$0
Investment Income
$123,475
Other Revenue
$0
All Other Contributions
$2,397,072
Change in Net Assets
$-952,296

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,520,547
Revenue Not Reported on Form 990
$1,516
Total Revenue per Audited Statements
$2,522,063
Total Revenue per Form 990
$2,520,547
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$3,094,617
Other Expenses$287,511
Total Fundraising Expense$131,575
Salaries, Compensation, and Employee Benefits$90,715
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$2,436,805--$2,436,805
Grants to Domestic Orgs$657,812--$657,812
Fees for Services Other$176,431--$176,431
Current Officers, Directors, Trustees, and Key Employees$3,292$6,583$55,956$65,831
Fees for Services Accounting-$45,689-$45,689
Other Salaries and Wages--$18,000$18,000
Office Expenses$861$1,260$12,385$14,506
Travel$3,012$1,170$7,360$11,542
Payroll Taxes$251$503$5,659$6,413
Insurance$138$276$3,107$3,521
Information Technology$486$1,799-$2,285
Other Expenses$48$96$1,075$1,219
Depreciation Depletion$566--$566
Other Employee Benefits$19$37$415$471
Fees for Services Legal-$446-$446
Total Functional Expenses$3,280,950$60,318$131,575$3,472,843

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,472,843
Total Expenses per Audited Statements$3,472,843
Total Expenses per Form 990$3,472,843
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Rainforest Trust IncVint Hill, VA-conservation$657,812

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No
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
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

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

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
No
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
No
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, Section B, Line 11B

The 990 will be reviewed by the Executive Director, contract accountants, and Treasurer, and then will be sent to the full board for review.

Form 990, Part VI, Section C, Line 18

Governing documents available to the public upon request.

Form 990, Part VI, Section C, Line 19

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Jocotoco Conservation Foundation
EIN
83-2027203
Address
2223 South Wentworth Avenue 202, Chicago, IL 60618

Signing Officer

Name
Andrew Farnsworth
Title
Treasurer
Signed
2025-03-03
Discuss with paid preparer
Yes

Organization Details

Formed
2017
Legal Domicile
Il
Voting Board Members
6
Independent Board Members
6
Employees
3
Volunteers
7

Preparer

Firm
Helen Nelson CPA
Address
14612 MAPLE RIDGE, HANCOCK, MD 21750
Preparer
Helen Nelson
Phone
3016537110
Supplemental Narrative

Financial Statement Notes

Part V, Line 4: Intended uses of the endowment fund.

Earnings to be used to further the charitable purposes of Jocotoco.

Part X : FIN48 Footnote

Jocotoco Conservation Foundation has analyzed the tax positions for the year ended June 30, 2024, and determined that there were no matters that would require recognition in the financial statements or that may have any effect on its tax-exempt status. The Organization is subject to routine audits by taxing authorities however there are currently no audits or any tax periods in progress. It is the Organizations policy to recognize interest and/or penalties related to uncertain tax positions. As of June 30, 2024, there were no such accruals for interest and/or penalties.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Earnings to be used to further the charitable purposes of Jocotoco.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Jocotoco Conservation Foundation has analyzed the tax positions for the year ended June 30, 2024, and determined that there were no matters that would require recognition in the financial statements or that may have any effect on its tax-exempt status. The Organization is subject to routine audits by taxing authorities however there are currently no audits or any tax periods in progress. It is the Organizations policy to recognize interest and/or penalties related to uncertain tax positions. As of June 30, 2024, there were no such accruals for interest and/or penalties.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part V, Line 4: Intended uses of the endowment fund.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part X : FIN48 Footnote
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IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0Grant agreements are in place, grant reporting is required, and grant documentation is maintained.

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