Putnam Land Conservancy Inc
Nonprofit profile at a glance
- EIN
- 010861643
- IRS 990 coverage
- 2011–2024
- Forms available
- Form 990 2024, Form 990-N 2007
- Location
- Interlachen, FL, USA
- Phone
- 3863365400
- Rating
- 66
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Natural Resources Conservation and Protection
Reported finances
- Revenue
- $394,090
- Expenses
- $247,547
- Assets
- $4,588,897
- Liabilities
- $61,305
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
11 people listed
Executive titles in this filing
- WILLY THE LOSEN (CEO & CONSERVATION DIRECTOR)
- JOY FOY III (VICE-PRESIDENT)
- ALAN HODGES (PRESIDENT)
- TIMOTHY KEYSER (PAST PRESIDENT)
Highest reported compensation
- WILLY THE LOSEN (CEO & CONSERVATION DIRECTOR): $64,167 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The mission of putnam land conservancy, inc. (plc) is to conserve land and water for people and wildlife. The mission is accomplished by fee ownership, conservation easements or facilitatng public ownership of conservation lands. Managmnt of conserved plc lands to protect habitat
What it reported doing in 2024
Facilitated the acquisition of 30 acres by the state of Florida. Acquired, by donation, a 54-acre conservation easement on the st. Johns river. Submitted seven successful additions to the Florida forever boundary totaling 4,500 acres. Conducted two public outreach events to educate the public about the importance of land conservation in north east Florida. Total attendance for the two events was approximately 300 people. Co-hosted a program to educate the public about the importance of prescribed fire for certain bird species. Attendance for this event was 30 people.
Operating model
- Revenue model
- Donor-supported. 98% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 95% 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.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 56
- Transparency & Controls: 71
- Accountability: 79
- Sustainability: 75
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 47.9%; rating input score 48
- Program expense ratio: 87.3%; rating input score 87
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 93.8%; rating input score 94; 27th percentile among comparable filings
- Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Missing
- 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: Limited
- 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: 4 of 8 controls in place; rating input score 50
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 37.2%; rating input score 86; 86th percentile among comparable filings
- Total-asset coverage ratio: 18.54; rating input score 95; 95th percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 43; 43rd percentile among comparable filings
- Officer compensation ratio: 25.9%; rating input score 14; 14th percentile among comparable filings
Growth
- Program expense growth: 8.5% per year; rating input score 100; 66th percentile among comparable filings
- Revenue growth: -0.2% per year; rating input score 0; 23rd percentile among comparable filings
- Asset growth: 7.3% per year; rating input score 100; 57th percentile among comparable filings
Details
- Where the money goes: 47.9% of revenue deployed · 87.3% of spending went to programs
- Governance: 9 of 9 board members independent · 4 of 8 filing controls reported
- Programs: 4 filed program accomplishments · $216K in reported program spending
- Leadership: top reported pay $64K · 11 people listed · 1 of 6 pay-setting controls reported
- Consistency: 24 of 25 current checks pass · 1 finding to review
- Schedules: 8 filed schedules · includes major donors and executive pay
- Filing history: 6 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Mission deployment rate scored 48/100.
- Review — Accountability: Governance controls: 3 of 7 not reported.
- High — Growth: Revenue growth scored 0/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- High — Sustainability: Officer compensation ratio scored 14/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 43/100.