Property and Environment Research Center
Nonprofit profile at a glance
- EIN
- 810393444
- IRS 990 coverage
- 2010–2025
- Forms available
- Form 990 2025
- Location
- Bozeman, MT, USA
- Phone
- 4065879591
- Rating
- 77
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Government and Public Administration
Reported finances
- Revenue
- $7,979,856
- Expenses
- $6,411,792
- Assets
- $13,988,068
- Liabilities
- $350,772
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
24 people listed
Executive titles in this filing
- BRIAN YABLONSKI (CEO)
Highest reported compensation
- BRIAN YABLONSKI (CEO): $450,007 total reported compensation
- RUPERT MUNRO (COO): $271,645 total reported compensation
- JONATHAN WOOD (VP OF LAW & POLICY): $242,505 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Perc is dedicated to advancing conservation through markets, incentives, property rights, and partnerships.
What it reported doing in 2025
Law and policy outreach - the objective of perc's law and policy outreach is to disseminate to targeted audiences the ideas generated by our researchers, fellows, visiting scholars, enviropreneurs, and efforts of our conservation innovation lab. Our policy efforts include outreach at the federal level in congress and the executive branch, as well as at the state level.perc continues to expand the impact of our research finding through engaging policy makers through our law and policy center. Launched in 2022, it contributed to developing timely policy reports and publications as well as public comments and partner engagements. These resulted in invitations to present before key audiences, including congressional testimony, and filing of agency comments and amicus briefs. We also use strategic litigation to advance key efforts.key topics in policy advancement include forest management reforms to reduce catastrophic wildfire, endangered species recovery, water management and recovery of the great salt lake, funding of our national parks and public lands, migration routes, and more. Legal efforts included advancing endangered species recovery. Further details can be found on our website: www.perc.org.
Operating model
- Revenue model
- Donor-supported. 94% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 92% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and reported officer compensation is a large share of total spending, which may reflect staffing concentration.
Rating breakdown
- Financial Efficiency: 67
- Transparency & Controls: 75
- Accountability: 100
- Sustainability: 61
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 65.2%; rating input score 65
- Program expense ratio: 79%; rating input score 79
- Fundraising efficiency: $12.79 raised per $1 spent on fundraising; rating input score 44; 44th percentile among comparable filings
Transparency & Controls
- Consistency checks: 92.9%; rating input score 93; 14th percentile among comparable filings
- Pay-setting controls: 2 of 6 controls in place; rating input score 33
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 92%; rating input score 92; 33rd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 19.7%; rating input score 72; 72nd percentile among comparable filings
- Total-asset coverage ratio: 2.18; rating input score 60; 60th percentile among comparable filings
- Liabilities to assets ratio: 0.03; rating input score 69; 69th percentile among comparable filings
- Officer compensation ratio: 29%; rating input score 8; 8th percentile among comparable filings
Growth
- Program expense growth: 9.7% per year; rating input score 100; 59th percentile among comparable filings
- Revenue growth: 8.5% per year; rating input score 100; 60th percentile among comparable filings
- Asset growth: 8.5% per year; rating input score 100; 51st percentile among comparable filings
Details
- Where the money goes: 65.2% of revenue deployed · 79% of spending went to programs
- Governance: 14 of 14 board members independent · 9 of 9 filing controls reported
- Programs: 5 filed program accomplishments · $5.1M in reported program spending
- Leadership: top reported pay $450K · 24 people listed · 2 of 6 pay-setting controls reported
- Highest-paid contractors: 2 contractors listed · $368K reported
- Consistency: 30 of 31 current checks pass · 1 finding to review
- Schedules: 7 filed schedules · includes major donors, grants, and executive pay
- Filing history: 16 filing years from 2010 to 2025
- Contacts: How to reach this organization
- Money network: 17 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Fundraising efficiency scored 44/100.
- High — Sustainability: Officer compensation ratio scored 8/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.