Golden Gate National Parks Conservancy

“Agency funds payable primarily represent a term endowment held in trust for the benefit of the national park service as well as admission fees to muir woods national monument collected on behalf of and payable to the national park service.”

“The james r. Harvey restoration fund was established as an endowment to benefit the ongoing preservation and restoration of the presidio. The osher endowment was established for environmental education at crissy field. The ted chong endowment und was established to benefit the conservancy's native plant nursery programs. The desha family created an endowment fund in memory of anne kincaid to restore, protect and conserve the natural assets and features of the golden gate national parks. The mark kutnink endowment was established for the benefit of the trails forever program and the crissy field center. The greg hind endowment was established for the benefit of the golden gate raptor observatory. The peabody endowment was established for the benefit of habitat restoration and conservation activities at tennessee hollow and mountain lake in the presidio. The josephine m. Kennedy endowment fund was established to provide funding for scholarships, stipends or wages for youth participants and interns in park conservancy's workforce development initiatives, programs and partnerships. The wendell family endowment fund was established to provide discretionary support of park conservancy's initiative, programs and partnerships that engage youth, families and communities in the bay area through the people in parks fund.”

“The conservancy has been classified as a publicly supported, tax-exempt organization under section 501(c)(3) of the internal revenue code (the "code") and is exempt from california franchise taxes under revenue and taxation code section 23701(d). The conservancy follows fasb asc topic 740 income taxes to account for uncertain tax positions. Management evaluated the conservancy's tax positions and concluded that the conservancy had maintained its tax-exempt status and had taken no uncertain tax positions that require adjustment to the financial statements. Therefore, no provision or liability for income taxes has been included in the financial statements. The conservancy is generally no longer subject to income tax examinations by federal and state authorities for years prior to 2021 and 2020, respectively.”

“Costs of goods sold 7,121,146. Special event expenses 95,376.”

“Costs of goods sold 7,121,146. Special event expenses 95,376.”