BUTLER CONSERVATION FUND INC: Form 990PF, tax year 2022

View the entire original 990 at ProPublica ↗

Organization: BUTLER CONSERVATION FUND INC (EIN 04-3032409)
Tax period: 2022-01-01 to 2022-12-31
Filed: 2023-11-15
IRS object ID: 202323199349105802
Schema version: 2022v5.0
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990-PF
Accounting Fees Schedule
Expenditure Responsibility Stmt
Investments Corp Stock Schedule
Investments Other Schedule2
Legal Fees Schedule
Other Assets Schedule
Other Decreases Schedule
Other Expenses Schedule
Other Income Schedule2
Other Professional Fees Schedule
Taxes Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2023-11-15T13:57:17-06:00	ReturnTs
Tax Period End	2022-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	113266576	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	GRASSI & CO CPA'S PC	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	750 THIRD AVENUE 28TH FLOOR	AddressLine1Txt
City	NEW YORK	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	10017	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnTypeCd
Tax Period Begin	2022-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	043032409	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	BUTLER CONSERVATION INC	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	BUTL	BusinessNameControlTxt
Phone	2123030200	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	60 CUTTER MILL ROAD 214	AddressLine1Txt
City	GREAT NECK	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	11021	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	JENNIFER MCGOVERN	PersonNm
Person Title	CONTROLLER	PersonTitleTxt
Phone	2123030200	PhoneNum
Signature	2023-11-15	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Field	Value	IRS element (for citing)
Person First	JENNIFER	PersonFirstNm
Person Last	MCGOVERN	PersonLastNm

Field	Value	IRS element (for citing)
SSN	XXX-XX-XXXX	SSN

Field	Value	IRS element (for citing)
IRS Responsible Prty Info Curr	0	IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	ANTHONY DATTOMA	PreparerPersonNm
PTIN	P00237982	PTIN
Phone	2126616166	PhoneNum
Preparation	2023-11-15	PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

Field	Value	IRS element (for citing)
Trusted Customer	3	TrustedCustomerCd
Authentication Assurance Level	AAL1	AuthenticationAssuranceLevelCd
Identity Assurance Level	IAL1	IdentityAssuranceLevelCd

Field	Value	IRS element (for citing)
Tax	2022	TaxYr
Build TS	2023-04-26 12:10:37Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Name Change	Yes (X)	NameChangeInd
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
FMV Assets EOY	$83,066,592	FMVAssetsEOYAmt
Method Of Accounting Cash	Yes (X)	MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Schedule B Not Required	Yes (X)	ScheduleBNotRequiredInd
Dividends Rev And Expnss	$2,145,464	DividendsRevAndExpnssAmt
Dividends Net Invst Incm	$2,145,464	DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss	$75,755	NetGainSaleAstRevAndExpnssAmt
Gross Sales Price	$29,814,289	GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm	$75,755	CapGainNetIncmNetInvstIncmAmt
Other Income Rev And Expnss	$206,061	OtherIncomeRevAndExpnssAmt
Other Income Net Invst Incm	$13,462	OtherIncomeNetInvstIncmAmt
Total Rev And Expnss	$2,427,280	TotalRevAndExpnssAmt
Total Net Invst Incm	$2,234,681	TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss	$258,900	CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Net Invst Incm	$0	CompOfcrDirTrstNetInvstIncmAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl	$258,900	CompOfcrDirTrstDsbrsChrtblAmt
Pension Empl Bnft Rev And Expnss	$41,408	PensionEmplBnftRevAndExpnssAmt
Pension Empl Bnft Net Invst Incm	$0	PensionEmplBnftNetInvstIncmAmt
Pension Empl Bnft Dsbrs Chrtbl	$41,408	PensionEmplBnftDsbrsChrtblAmt
Legal Fees Rev And Expnss	$75,187	LegalFeesRevAndExpnssAmt
Legal Fees Net Invst Incm	$0	LegalFeesNetInvstIncmAmt
Legal Fees Dsbrs Chrtbl	$75,187	LegalFeesDsbrsChrtblAmt
Accounting Fees Rev And Expnss	$26,886	AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm	$13,443	AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps	$13,443	AccountingFeesChrtblPrpsAmt
Other Prof Fees Rev And Expnss	$984,774	OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm	$516,366	OtherProfFeesNetInvstIncmAmt
Other Prof Fees Dsbrs Chrtbl	$468,408	OtherProfFeesDsbrsChrtblAmt
Interest Rev And Expnss	$583	InterestRevAndExpnssAmt
Interest Net Invst Incm	$583	InterestNetInvstIncmAmt
Interest Dsbrs Chrtbl	$0	InterestDsbrsChrtblAmt
Taxes Rev And Expnss	$133,674	TaxesRevAndExpnssAmt
Taxes Net Invst Incm	$2,461	TaxesNetInvstIncmAmt
Taxes Dsbrs Chrtbl	$46,558	TaxesDsbrsChrtblAmt
Occupancy Rev And Expnss	$62,985	OccupancyRevAndExpnssAmt
Occupancy Net Invst Incm	$15,746	OccupancyNetInvstIncmAmt
Occupancy Dsbrs Chrtbl	$47,239	OccupancyDsbrsChrtblAmt
Trav Conf Meeting Rev And Expnss	$87,930	TravConfMeetingRevAndExpnssAmt
Trav Conf Meeting Net Invst Incm	$0	TravConfMeetingNetInvstIncmAmt
Trav Conf Meeting Dsbrs Chrtbl	$87,930	TravConfMeetingDsbrsChrtblAmt
Other Expenses Rev And Expnss	$3,702,180	OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm	$15,872	OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl	$3,686,308	OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss	$5,374,507	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$564,471	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$4,725,381	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$2,935,820	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$2,935,820	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$8,310,327	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$564,471	TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl	$7,661,201	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	-$5,883,047	ExcessRevenueOverExpensesAmt
Net Investment Income	$1,670,210	NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Cash BOY	$376,604	CashBOYAmt
Cash EOY	$411,988	CashEOYAmt
Cash EOYFMV	$411,988	CashEOYFMVAmt
Sav And Temp Cash Invst BOY	$32,235,912	SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY	$26,459,990	SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV	$26,459,990	SavAndTempCashInvstEOYFMVAmt
Prepaid Expenses BOY	$37,421	PrepaidExpensesBOYAmt
Prepaid Expenses EOY	$37,421	PrepaidExpensesEOYAmt
Prepaid Expenses EOYFMV	$37,421	PrepaidExpensesEOYFMVAmt
Corporate Stock BOY	$48,533,667	CorporateStockBOYAmt
Corporate Stock EOY	$48,251,430	CorporateStockEOYAmt
Corporate Stock EOYFMV	$48,251,430	CorporateStockEOYFMVAmt
Other Investments BOY	$8,308,713	OtherInvestmentsBOYAmt
Other Investments EOY	$5,878,929	OtherInvestmentsEOYAmt
Other Investments EOYFMV	$5,878,929	OtherInvestmentsEOYFMVAmt
Land Bldg Equip Cost Or Other Bss	$1,998,010	LandBldgEquipCostOrOtherBssAmt
Land BOY	$1,992,022	LandBOYAmt
Land EOY	$1,998,010	LandEOYAmt
Land EOYFMV	$1,998,010	LandEOYFMVAmt
Other Assets BOY	$28,824	OtherAssetsBOYAmt
Other Assets EOY	$28,824	OtherAssetsEOYAmt
Other Assets EOYFMV	$28,824	OtherAssetsEOYFMVAmt
Total Assets BOY	$91,513,163	TotalAssetsBOYAmt
Total Assets EOY	$83,066,592	TotalAssetsEOYAmt
Total Assets EOYFMV	$83,066,592	TotalAssetsEOYFMVAmt
Accounts Payable BOY	$52,015	AccountsPayableBOYAmt
Accounts Payable EOY	$6,645	AccountsPayableEOYAmt
Total Liabilities BOY	$52,015	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$6,645	TotalLiabilitiesEOYAmt
Organization Follows FASB117	Yes (X)	OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY	$91,461,148	NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY	$83,059,947	NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY	$91,461,148	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$83,059,947	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$91,513,163	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$83,066,592	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$91,461,148	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	-$5,883,047	ExcessRevenueOverExpensesAmt
Other Increases	$0	OtherIncreasesAmt
Subtotal	$85,578,101	SubtotalAmt
Other Decreases	$2,518,154	OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY	$83,059,947	TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (15 entries)

PropertyPropertyDesc	How AcquiredHowAcquiredCd	SoldSoldDt	Gross Sales PriceGrossSalesPriceAmt	Gain Or LossGainOrLossAmt	Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt	Cost Or Other BasisCostOrOtherBasisAmt
ARISAIG ASIA FUND- PFIC	P	2022-12-31	$23,553	$23,553	$23,553
ARSAIG INDIA FUND- PFIC	P	2022-12-31	$100,006	$100,006	$100,006
GAMING INVEST S.A.R.L.	P	2022-12-31	$958	$958	$958
GEG DEVELOPMENT GMBH	P	2022-12-31	$53	$53	$53
DIC 27 PORTFOLIO GMBH	P	2022-12-31	$52	$52	$52
DIC MAINTOR III GMBH	P	2022-12-31	$53	$53	$53
VARIOUS STOCK TRADES-REALIZED GAIN/LOSS	P	2022-12-31	$7,987,232	-$1,113,702	-$1,113,702	$9,100,934
VARIOUS STOCK TRADES-REALIZED GAIN/LOSS	P	2022-12-31	$20,011,969	-$625,631	-$625,631	$20,637,600
REALIZED GAIN/LOSS-MSREF V K-1	P	2022-12-31	$104,361	$104,361	$104,361
REALIZED GAIN/LOSS- ARC LIGHT K-1	P	2022-12-31	$570,424	$570,424	$570,424
REALIZED GAIN/LOSS- TRILANTIC K-1	P	2022-12-31	$365	$365	$365
REALIZED GAIN/LOSS-RIVERSTONE GLOBAL ENERGY V K-1	P	2022-12-31	$6,662	$6,662	$6,662
REALIZED GAIN/LOSS - SIGULER GUFF SML BUS CREDIT OPPT II K-1	P	2022-12-31	$439,862	$439,862	$439,862
REALIZED GAIN/LOSS-SIGULER GUFF SM BUYOUT OPPTY FUND II K-1	P	2022-12-31	$563,329	$563,329	$563,329
OTHER REALIZED GAIN	P	2022-12-31	$5,410	$5,410	$5,410

Field	Value	IRS element (for citing)
Capital Gain Net Income	$75,755	CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Investment Income Excise Tax	$23,216	InvestmentIncomeExciseTaxAmt
Tax Under Section511	$0	TaxUnderSection511Amt
Subtotal	$23,216	SubtotalAmt
Subtitle A Tax	$0	SubtitleATaxAmt
Tax Based On Investment Income	$23,216	TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx	$0	EstimatedPlusOvpmtIncmTxAmt
Exempt Frgn Org Tax Wthld At Srce	$0	ExemptFrgnOrgTaxWthldAtSrceAmt
Extsn Request Income Tax Paid	$36,400	ExtsnRequestIncomeTaxPaidAmt
Backup Withholding Withheld	$0	BackupWithholdingWithheldAmt
Total Payments And Credits	$36,400	TotalPaymentsAndCreditsAmt
Form2220 Attached	Yes (X)	Form2220AttachedInd
Es Penalty	$1,077	EsPenaltyAmt
Overpayment	$12,107	OverpaymentAmt
Applied To ES Tax	$12,107	AppliedToESTaxAmt
Refund	$0	RefundAmt

Statements Regarding Acty StatementsRegardingActyGrp

Field	Value	IRS element (for citing)
Legislative Political Acty	0	LegislativePoliticalActyInd
More Than100 Spent	0	MoreThan100SpentInd
Form1120 POL Filed	0	Form1120POLFiledInd
Section4955 Organization Tax	$0	Section4955OrganizationTaxAmt
Section4955 Managers Tax	$0	Section4955ManagersTaxAmt
Tax Reimbursed	$0	TaxReimbursedAmt
Activities Not Previously Rpt	0	ActivitiesNotPreviouslyRptInd
Changes To Articles Or Bylaws	0	ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over Limit	Yes (1)	UnrelatedBusIncmOverLimitInd
Form990 T Filed	Yes (1)	Form990TFiledInd
Organization Dissolved Etc	0	OrganizationDissolvedEtcInd
Section508e Rqr Satisfied	Yes (1)	Section508eRqrSatisfiedInd
At Least5000 In Assets	Yes (1)	AtLeast5000InAssetsInd
Org Report Or Register State	MA	OrgReportOrRegisterStateCd
Form990 PF Filed With Atty Gen	Yes (1)	Form990PFFiledWithAttyGenInd
Private Operating Foundation	0	PrivateOperatingFoundationInd
New Substantial Contributors	0	NewSubstantialContributorsInd
Own Controlled Entity	0	OwnControlledEntityInd
Donor Advised Fund	0	DonorAdvisedFundInd
Comply With Public Insp Rqr	Yes (1)	ComplyWithPublicInspRqrInd
Website Address	HTTPS://BUTLERCONSERVATIONFUND.ORG/	WebsiteAddressTxt
Individual With Books	BLACK RIVER MANAGEMENT CO	IndividualWithBooksNm
Phone	2123030200	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	60 CUTTER MILL RD STE 214	AddressLine1Txt
City	GREAT NECK	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	11021	ZIPCd

Field	Value	IRS element (for citing)
Foreign Accounts Question	0	ForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Field	Value	IRS element (for citing)
Sale Or Exch Disqualified Prsn	0	SaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified Prsn	0	BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified Prsn	Yes (1)	FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified Prsn	Yes (1)	PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn	0	TransferAstDisqualifiedPrsnInd
Payment To Government Official	0	PaymentToGovernmentOfficialInd
Acts Fail To Qlfy As Exceptions	0	ActsFailToQlfyAsExceptionsInd
Uncorrected Prior Acts	0	UncorrectedPriorActsInd
Undistributed Income PY	0	UndistributedIncomePYInd
Business Holdings	0	BusinessHoldingsInd
Jeopardy Investments	0	JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst	0	UncorrectedPYJeopardyInvstInd
Influence Legislation	0	InfluenceLegislationInd
Influence Election	0	InfluenceElectionInd
Grants To Individuals	0	GrantsToIndividualsInd
Grants To Organizations	Yes (1)	GrantsToOrganizationsInd
Noncharitable Purpose	0	NoncharitablePurposeInd
Transactions Fail To Qlfy As Exc	0	TransactionsFailToQlfyAsExcInd
Maintained Expenditure Rspns	Yes (1)	MaintainedExpenditureRspnsInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	0	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	0	PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht Pymt	0	SubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (11 entries)

Address Line1USAddress/AddressLine1Txt	Address Line2USAddress/AddressLine2Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	TitleTitleTxt	Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt	CompensationCompensationAmt	Employee Benefit ProgramEmployeeBenefitProgramAmt	Expense Account Other AllwncExpenseAccountOtherAllwncAmt
GILBERT BUTLER
C/O BUTLER CONSERVATION 60 CUTTER	MILL ROAD STE 214	GREAT NECK	NY	11021	PRESIDENT/CFO/DIRECTOR	20.00	$0	$0	$0
ANTHONY P GRASSI
C/O BUTLER CONSERVATION 60 CUTTER	MILL ROAD STE 214	GREAT NECK	NY	11021	CHAIRMAN/DIRECTOR	2.00	$0	$0	$0
DANA BEACH
C/O BUTLER CONSERVATION 60 CUTTER	MILL ROAD STE 214	GREAT NECK	NY	11021	VICE CHAIR PLANNING & ORG. DEVELOP/DIR	13.00	$93,900	$0	$0
KRISTINE TOMPKINS
C/O BUTLER CONSERVATION 60 CUTTER	MILL ROAD STE 214	GREAT NECK	NY	11021	DIRECTOR	0.50	$0	$0	$0
GREGORY GALGANO- RESIGNED 3-11-22
C/O BUTLER CONSERVATION 60 CUTTER	MILL ROAD STE 214	GREAT NECK	NY	11021	CONTROLLER/CHIEF ADMIN OFFICER	8.00	$0	$0	$0
ILDIKO BUTLER
C/O BUTLER CONSERVATION 60 CUTTER	MILL ROAD STE 214	GREAT NECK	NY	11021	DIRECTOR	1.00	$0	$0	$0
CARL CARLSON- RESIGNED 4-29-22
C/O BUTLER CONSERVATION 60 CUTTER	MILL ROAD STE 214	GREAT NECK	NY	11021	DIRECTOR OF PARK LANDS	24.00	$58,333	$0	$0
R BRADFORD MALT
C/O BUTLER CONSERVATION 60 CUTTER	MILL ROAD STE 214	GREAT NECK	NY	11021	DIRECTOR	1.00	$0	$0	$0
LAUREN SIMPSON
C/O BUTLER CONSERVATION 60 CUTTER	MILL ROAD STE 214	GREAT NECK	NY	11021	SECRETARY	1.00	$0	$0	$0
ROBERT CHARLES HOWE- ELECTED 5-19-2
C/O BUTLER CONSERVATION 60 CUTTER	MILL ROAD STE 214	GREAT NECK	NY	11021	DIRECTOR OF PARK LANDS	24.00	$106,667	$0	$0
JOSEPH MANCARI- ELECTED 3-11-22
C/O BUTLER CONSERVATION 60 CUTTER	MILL ROAD STE 214	GREAT NECK	NY	11021	ASSISTANT TREASURER	8.00	$0	$0	$0

Field	Value	IRS element (for citing)
Comp Of Hghst Pd Empl Or NONE	NONE	CompOfHghstPdEmplOrNONETxt
Other Employee Paid Over50k	0	OtherEmployeePaidOver50kCnt

Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (5 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	Service TypeServiceTypeTxt	CompensationCompensationAmt
BLACK RIVER MANAGEMENT CO
60 CUTTER MILL ROAD STE 214	GREAT NECK	NY	11021	ADVISORY SERVICES/ADMINISTRATIVE	$704,086
DANA BEACH-CONSERVATION CONSULTING
139 TRADD ST APT 6	CHARLESTON	SC	29401	CONSULTING FEES	$93,900
PATTERSON BELKNAP WEBB & TYLER
1133 AVENUE OF THE AMERICAS	NEW YORK	NY	10036	LEGAL FEES	$42,072
LAGUARDIA DESIGN GROUP
38 SCUTTLE HOLE ROAD	WATER MILL	NY	11976	CONSULTING FEES	$34,296
MORGAN LEWIS & BOCKIUS LLP
PO BOX 8500 S-6050	PHILADELPHIA	PA	19178	LEGAL FEES	$27,823

Field	Value	IRS element (for citing)
Contractor Paid Over50k	0	ContractorPaidOver50kCnt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

Field	Value	IRS element (for citing)
Description1	BC CONDUCTS LANDSCAPE-SCALE INFRASTRUCTURE PROJECTS,INVOLVING OWNERSHIP AND MANAGEMENT OF LAND AND FACILITIES. THE CREATION OF PUBLIC RECREATION INFRASTRUCTURE ONLARGE TRACTS OF CONSERVED LAND IS INTENDED TO FOSTER AND PROMOTE PUBLIC ACCESS TO AND USE, ENJOYMENT, EDUCATION, AND NON-MOTORIZED TRAVEL ON SUCH LAND.	Description1Txt
Expenses1	$3,492,569	Expenses1Amt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Minimum Investment Return MinimumInvestmentReturnGrp

Field	Value	IRS element (for citing)
Average Monthly FMV Of Sec	$85,646,215	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$799,878	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$645,164	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$87,091,257	TotalFMVOfUnusedAssetsAmt
Reduction Claimed	$0	ReductionClaimedAmt
Acquisition Indebtedness	$0	AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast	$87,091,257	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$1,306,369	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$85,784,888	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$4,289,244	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$4,289,244	MinimumInvestmentReturnAmt
Tax Based On Investment Income	$23,216	TaxBasedOnInvestmentIncomeAmt
Income Tax	$155,804	IncomeTaxAmt
Total Tax	$179,020	TotalTaxAmt
Distributable Before Adj	$4,110,224	DistributableBeforeAdjAmt
Recoveries Qualfied Distri	$0	RecoveriesQualfiedDistriAmt
Distributable Before Ded	$4,110,224	DistributableBeforeDedAmt
Deduction From Distributable	$0	DeductionFromDistributableAmt
Distributable As Adjusted	$4,110,224	DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$7,661,201	ExpensesAndContributionsAmt
Program Related Invst Total	$0	ProgramRelatedInvstTotalAmt
Qualifying Distributions	$7,661,201	QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$4,110,224	DistributableAsAdjustedAmt
Undistributed Income PY	$0	UndistributedIncomePYAmt
Total For Prior Years	$0	TotalForPriorYearsAmt
Excess Distribution Cyov Yr5	$10,543,955	ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4	$12,466,097	ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3	$7,018,200	ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2	$3,587,851	ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1	$2,945,660	ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov	$36,561,763	TotalExcessDistributionCyovAmt
Qualifying Distributions	$7,661,201	QualifyingDistributionsAmt
Applied To Year1	$0	AppliedToYear1Amt
Applied To Prior Years	$0	AppliedToPriorYearsAmt
Treated As Distri From Corpus	$0	TreatedAsDistriFromCorpusAmt
Applied To Current Year	$4,110,224	AppliedToCurrentYearAmt
Remaining Distri From Corpus	$3,550,977	RemainingDistriFromCorpusAmt
Excess Distri Cyov App CY Corpus	$0	ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY	$0	ExcessDistributionCyovAppCYAmt
Total Corpus	$40,112,740	TotalCorpusAmt
Prior Year Undistributed Incm	$0	PriorYearUndistributedIncmAmt
Prior Year Deficiency Or Tax	$0	PriorYearDeficiencyOrTaxAmt
Taxable1	$0	Taxable1Amt
Taxable2	$0	Taxable2Amt
Undistributed Income CY	$0	UndistributedIncomeCYAmt
Corpus Distri170b1 E Or4942g3	$0	CorpusDistri170b1EOr4942g3Amt
Excess Distri Cyov From Yr5	$10,543,955	ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr	$29,568,785	ExcessDistriCyovToNextYrAmt
Excess From Year4	$12,466,097	ExcessFromYear4Amt
Excess From Year3	$7,018,200	ExcessFromYear3Amt
Excess From Year2	$3,587,851	ExcessFromYear2Amt
Excess From Year1	$2,945,660	ExcessFromYear1Amt
Excess From Current Year	$3,550,977	ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

Field	Value	IRS element (for citing)
Contributing Manager	GILBERT BUTLER	ContributingManagerNm
Only Contri To Preselected	Yes (X)	OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (16 entries)

Address Line1RecipientForeignAddress/AddressLine1Txt	CityRecipientForeignAddress/CityNm	CountryRecipientForeignAddress/CountryCd	Recipient Foundation StatusRecipientFoundationStatusTxt	Grant Or Contribution PurposeGrantOrContributionPurposeTxt	AmtAmt	Address Line1RecipientUSAddress/AddressLine1Txt	CityRecipientUSAddress/CityNm	State AbbreviationRecipientUSAddress/StateAbbreviationCd	ZIPRecipientUSAddress/ZIPCd
BANCO DES BOSQUES
LA PAMPA 3285 PISO 5	BUENOS AIRES	AR	FOREIGN CHARITY	ENVIRONMENTAL	$73,600
CENTRAL PARK CONSERVANCY
			PUBLIC CHARITY	ENVIRONMENTAL	$6,000	14 EAST 60TH STREET	NEW YORK	NY	10022
COBSCOOK SHORES INC
			PRIVATE FOUNDATION	ENVIRONMENTAL	$2,090,000	60 CUTTER MILL ROAD SUITE 214	GREAT NECK	NY	11021
CONSERVATION VOTERS OF SOUTH CAROLINA
			PUBLIC CHARITY	ENVIRONMENTAL	$1,000	PO BOX 50632	COLUMBIA	SC	29250
DOWNEAST COASTAL CONSERVANCY
			PUBLIC CHARITY	ENVIRONMENTAL	$2,120	6 COLONIAL WAY	MACHIAS	ME	04654
FRIENDS OF ACADIA
			PUBLIC CHARITY	ENVIRONMENTAL	$5,000	PO BOX 45	BAR HARBOR	ME	04069
GALVESTON BAY FOUNDATION
			PUBLIC CHARITY	ENVIRONMENTAL	$5,000	1725 TX-146	KEMAH	TX	77565
INDIAN RIVER LAND TRUST
			PUBLIC CHARITY	ENVIRONMENTAL	$1,000	80 ROYAL PALM POINTE STE 301	VERO BEACH	FL	32960
MAINE COAST HERITAGE TRUST
			PUBLIC CHARITY	ENVIRONMENTAL	$10,000	1 BOWDOIN MILLS ISLAND SUITE 201	TOPSHAM	ME	04086
NATURAL RESOURCES COUNCIL OF MAINE
			PUBLIC CHARITY	ENVIRONMENTAL	$22,500	3 WADE STREET	AUGUSTA	ME	04330
PEE DEE LAND TRUST
			PUBLIC CHARITY	ENVIRONMENTAL	$5,000	448 W CHEVES STREET	FLORENCE	SC	29501
PENOBSCOT RIVER TRAILS INC
			PRIVATE FOUNDATION	ENVIRONMENTAL	$698,000	60 CUTTER MILL ROAD SUITE 214	GREAT NECK	NY	11021
TOMPKINS CONVERSATION
			PUBLIC CHARITY	ENVIRONMENTAL	$2,600	3562 ROUND BARN CIRCLE 1ST FL	SANTA ROSA	CA	95404
TOWN OF LUBEC
			MUNICIPALITY	ENVIRONMENTAL	$2,000	40 SCHOOL STREET	LUBEC	ME	04652
TREES FOR HOUSTON
			PUBLIC CHARITY	ENVIRONMENTAL	$7,000	PO BOX 270477	HOUSTON	TX	77277
TUG HILL TOMORROW LAND TRUST
			PUBLIC CHARITY	ENVIRONMENTAL	$5,000	PO BOX 6063	WATERTOWN	NY	13601

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$2,935,820	TotalGrantOrContriPdDurYrAmt
Total Grant Or Contri Apprv Fut	$0	TotalGrantOrContriApprvFutAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$2,145,464	ExclusionAmt

Other Investment Income OtherInvestmentIncomeGrp

Field	Value	IRS element (for citing)
Exclusion	01	ExclusionCd
Exclusion	$206,061	ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

Field	Value	IRS element (for citing)
Exclusion	18	ExclusionCd
Exclusion	$75,755	ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Field	Value	IRS element (for citing)
Unrelated Business Taxbl Incm	$0	UnrelatedBusinessTaxblIncmAmt
Exclusion	$2,427,280	ExclusionAmt
Related Or Exempt Function Incm	$0	RelatedOrExemptFunctionIncmAmt

Field	Value	IRS element (for citing)
Total Income Producing Acty	$2,427,280	TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Field	Value	IRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EO	0	TrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EO	0	TrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of Assets	0	SalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EO	0	PurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth Assets	0	RentalOfFacilitiesOthAssetsInd
Reimbursement Arrangements	0	ReimbursementArrangementsInd
Loans Or Loan Guarantees	0	LoansOrLoanGuaranteesInd
Performance Of Services Etc	0	PerformanceOfServicesEtcInd
Sharing Of Facilities Etc	0	SharingOfFacilitiesEtcInd
Relationships Nonchrtbl EO	0	RelationshipsNonchrtblEOInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

Field	Value	IRS element (for citing)
Category	ACCOUNTING FEES	CategoryTxt
Amt	$26,886	Amt
Net Investment Income	$13,443	NetInvestmentIncomeAmt
Disbursements Charitable Prps	$13,443	DisbursementsCharitablePrpsAmt

Expenditure Responsibility Stmt ExpenditureResponsibilityStmt

Expenditure Responsibility ExpenditureResponsibilityGrp (3 entries)

Address Line1ForeignAddress/AddressLine1Txt	CityForeignAddress/CityNm	CountryForeignAddress/CountryCd	GrantGrantDt	GrantGrantAmt	Purpose Of GrantPurposeOfGrantTxt	Expended By GranteeExpendedByGranteeAmt	Any Diversion By GranteeAnyDiversionByGranteeTxt	Dates Of Reports By GranteeDatesOfReportsByGranteeTxt	VerificationVerificationDt	Results Of VerificationResultsOfVerificationTxt	Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd
BANCO DE BOSQUES
LA PAMPA 3285 PISO 5	BUENOS AIRES	AR	2022-12-31	$73,600	TO FUND LANDSCAPE-SCALE CONSERVATION PROJECTS IN ARGENTINA, INCLUDING CONSERVING LAND AND CREATING INFRASTRUCTURE FOR PUBLIC OUTDOOR ENJOYMENT AND RECREATION.	$73,600	TO THE FOUNDATION'S KNOWLEDGE, THE GRANTEE HAS NOT DIVERTED ANY PORTION	05/15/2023	2023-05-15	ON MAY 15, 2023, THE GRANTEE PROVIDED THE FOUNDATION WITH A FINAL REPORT WITH RESPECT TO ALL EXPENDITURES MADE FROM THE GRANT FUNDS AND INDICATING THE PROGRESS MADE TOWARD THE GOALS OF THE GRANT.
PENOBSCOT RIVER TRAILS INC
			2022-12-31	$698,000	TO FUND LANDSCAPE-SCALE CONSERVATION PROJECTS IN MAINE, INCLUDING CONSERVING LAND AND CREATING INFRASTRUCTURE FOR PUBLIC OUTDOOR ENJOYMENT AND RECREATION.	$698,000	TO THE FOUNDATION'S KNOWLEDGE, THE GRANTEE HAS NOT DIVERTED ANY PORTION	05/15/2023	2023-05-15	ON MAY 15, 2023, THE GRANTEE PROVIDED THE FOUNDATION WITH A FINAL REPORT WITH RESPECT TO ALL EXPENDITURES MADE FROM THE GRANT FUNDS AND INDICATING THE PROGRESS MADE TOWARD THE GOALS OF THE GRANT.	60 CUTTER MILL ROAD SUITE 214	GREAT NECK	NY	11021
COBSCOOK SHORES INC
			2022-12-31	$2,090,000	TO FUND LANDSCAPE-SCALE CONSERVATION PROJECTS IN MAINE, INCLUDING CONSERVING LAND AND CREATING INFRASTRUCTURE FOR PUBLIC OUTDOOR ENJOYMENT AND RECREATION.	$2,090,000	TO THE FOUNDATION'S KNOWLEDGE, THE GRANTEE HAS NOT DIVERTED ANY PORTION	05/15/2023	2023-05-15	ON MAY 15, 2023, THE GRANTEE PROVIDED THE FOUNDATION WITH A FINAL REPORT WITH RESPECT TO ALL EXPENDITURES MADE FROM THE GRANT FUNDS AND INDICATING THE PROGRESS MADE TOWARD THE GOALS OF THE GRANT.	60 CUTTER MILL ROAD SUITE 214	GREAT NECK	NY	11021

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (2 entries)

StockStockNm	EOY Book ValueEOYBookValueAmt	EOYFMVEOYFMVAmt
MASTER LIMITED PARTNERSHIPS	$35,373,764	$35,373,764
JPM NOMINEE INVESTMENTS - SECURITIES	$12,877,666	$12,877,666

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp

Field	Value	IRS element (for citing)
Category Or Item	PARTNERSHIP INVESTMENTS & MONEY MANAGERS	CategoryOrItemTxt
Listed At Cost Or FMV	FMV	ListedAtCostOrFMVCd
Book Value	$5,878,929	BookValueAmt
EOYFMV	$5,878,929	EOYFMVAmt

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

Field	Value	IRS element (for citing)
Category	LEGAL FEES	CategoryTxt
Legal Fees	$75,187	LegalFeesAmt
Net Investment Income	$0	NetInvestmentIncomeAmt
Disbursements Charitable Prps	$75,187	DisbursementsCharitablePrpsAmt

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp (3 entries)

DescDesc	BOY Book ValueBOYBookValueAmt	EOY Book ValueEOYBookValueAmt	EOYFMVEOYFMVAmt
SECURITY DEPOSIT - GREAT NECK	$7,308	$7,308	$7,308
OTHER RECEIVABLE	$5,166	$5,166	$5,166
LOANS AND EXCHANGES	$16,350	$16,350	$16,350

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

Field	Value	IRS element (for citing)
Desc	UNREALIZED LOSS ON INVESTMENTS	Desc
Amt	$2,518,154	Amt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (6 entries)

DescDesc	Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt	Net Investment IncomeNetInvestmentIncomeAmt	Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt
BANK FEES	$15,872	$15,872	$0
OFFICE EXPENSES	$178,584	$0	$178,584
LANDSCAPE CONSERVATION PROJECT EXPENSES - OTHER	$15,155	$0	$15,155
LANDSCAPE CONSERVATION PROJECT EXPENSES - SOUTH CAROLINA	$12,313	$0	$12,313
LANDSCAPE CONSERVATION PROJECT EXPENSES - SOUTH AMERICA	$137,081	$0	$137,081
LANDSCAPE CONSERVATION PROJECT EXPENSES- SOUTH CAROLINA	$3,343,175	$0	$3,343,175

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

Field	Value	IRS element (for citing)
Desc	PASSTHROUGH ENTITIES	Desc
Revenue And Expenses Per Books	$206,061	RevenueAndExpensesPerBooksAmt
Net Investment Income	$13,462	NetInvestmentIncomeAmt
Adjusted Net Income	$206,061	AdjustedNetIncomeAmt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail (3 entries)

CategoryCategoryTxt	AmtAmt	Net Investment IncomeNetInvestmentIncomeAmt	Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt
OTHER PROFESSIONAL FEES	$70,638	$0	$70,638
INVESTMENT FEES	$516,366	$516,366	$0
ADMINISTRATIVE CHARGE	$397,770	$0	$397,770

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (5 entries)

CategoryCategoryTxt	AmtAmt	Net Investment IncomeNetInvestmentIncomeAmt	Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt
PROPERTY TAX	$10,374	$0	$10,374
MA PC FILING FEE	$500	$0	$0
FOREIGN TAX	$2,461	$2,461	$0
FEDERAL TAXES	$84,155	$0	$0
PAYROLL TAXES	$36,184	$0	$36,184