MONMOUTH CONSERVATION FOUNDATION

EIN: 222185314 501(c)(3) Environment

MIDDLETOWN, NJ

Total Revenue
$1,584,090
Total Expenses
$1,086,961
Total Assets
$11,269,270
Net Assets
$11,219,025
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1980
Legal Domicile
NJ
Principal Officer
CHRIS MEAGHER
Phone
7326717000
Tax Period
2024-07-01 to 2025-06-30

MONMOUTH CONSERVATION FOUNDATION, founded in 1980, is a community nonprofit in the Environment sector that reported $1.6M in total revenue in fiscal year 2024. Revenue fell 80% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $497K, a strong 31% operating margin.

Mission

MONMOUTH CONSERVATION FOUNDATION WAS ORGANIZED IN 1977 BY A GROUP OF CITIZENS FOR THE FOLLOWING PURPOSES: TO ACQUIRE, HOLD, PRESERVE AND PROTECT THE OPEN LANDS, HISTORIC AREAS AND PARK AND RECREATIONAL AREAS OF MONMOUTH COUNTY, NEW JERSEY. TOGETHER WITH ANY BUILDINGS LOCATED THEREON; TO SOLICIT AND RECEIVE, INCLUDING BUT NOT LIMITED TO GIFTS, BEQUESTS, LEGACIES, CONSERVATION EASEMENTS AND CONVEYANCES OF REAL AND PERSONAL PROPERTY IN FURTHERANCE OF THE PURPOSES AFORESAID; TO APPLY FOR, RECEIVE AND ADMINISTER GRANTS FROM PRIVATE AND PUBLIC SOURCES, FEDERAL, STATE, AND COUNTY IN FURTHERANCE OF THE PURPOSES AFORESAID; AND TO EXERCISE ALL THE RIGHTS, POWERS, AND DUTIES CONFERRED ON NON-PROFIT CORPORATIONS UNDER THE LAWS OF THE STATE OF NEW JERSEY.

Program Service Accomplishments

Program 1
Expenses: $547,499 Revenue: $4,160

LAND PRESERVATION HIGHLIGHTS IN AUGUST 2019, AFTER YEARS OF NEGOTIATIONS, MCF AND THE NJ DEPARTMENT OF ENVIROMENTAL PROTECTION'S GREEN ACRES PROGRAM ACQUIRED 190-ACRES OF NATURAL HABITAT AS AN...

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LAND PRESERVATION HIGHLIGHTS IN AUGUST 2019, AFTER YEARS OF NEGOTIATIONS, MCF AND THE NJ DEPARTMENT OF ENVIROMENTAL PROTECTION'S GREEN ACRES PROGRAM ACQUIRED 190-ACRES OF NATURAL HABITAT AS AN ADDITION TO ALLAIRE STATE PARK. KNOWN AS THE MCDOWELL, THE PRICE TAG ON THIS RARE, UNDEVELOPED TRACT IN WALL TOWNSHIP COST 3,819,000. IN SEPTEMBER AND OCTOBER 2019 MCF PRESERVED TWO FARMS LOCATED IN COLTS NECK, KNOWN AS THE DEGROOT AND DRUESNE FARMS . CONSISTING OF A COLLECTIVE 60 ACRES, THIS FARMLAND IS NOW FOREVER PROTECTED FROM DEVELOPMENT INTO AS MANY AS 30 HOMES. THESE FARMLAND PRESERVATION PROJECTS TOTALED 2.1 MILLION AND WERE MADE POSSIBLE WITH THE ASSISTAMCE OF COLTS NECK TOWNSHIP, MONMOUTH COUNTY, AND THE NJ DEPARTMENT OF AGRICULTURE. IN NOVEMBER 2019 - ACRES, SLATED FOR A 9-HOME DEVELOPMENT, WAS PURCHASED BY NEPTUNE TOWNSHIP WITH THE HELP OF THE NJ DEPARTMENT OF ENVIRONMENTAL PROTECTION'S GREEN ACRES PROGRAM. FORMERLY KNOWN AS THE OLIVER/SHARK RIVER HILLS ESTATES PROPERTY, THIS LAND WHICH WAS ACQUIRED FOR 1,255,000 IS SURROUNDED BY A RESIDENTAL AREA AND ADJACENT TO ACCESS TO THE SHARK RIVER AND A PUBLIC MARIA, WILL BE TRANSFORMED INTO A NEIGHBORHOOD PARK. ADVOCACY HIGHLIGHTS MCF PROMOTED GRASS ROOTS EFFORTS TO CREATE PARKS AND SAVE OPEN SPACE IN LOCAL COMMUNITIES. WORK INCLUDED PARTNERSHIPS WITH CONCERNED RESIDENTS, MUNICIPAL OFFICALS AND MUNICIPAL COMMITTEE REPRESENTATIVES TO ENSURE THE IMPORTANCE OF PARKS AND ACCESSIBLE GREENSPACE ARE ADVOCATED FOR IN COMMUNITIES ACROSS THE COUNTY. EDUCATION HIGHLIGHTS MCF OFFERED YOUTH EDUCATION PROGRAMS ON CONSERVATION AND SUSTAINABILITY. MCF EDUCATED 1000+ STUDENTS ABOUT LAND CONSERVATION AS A NATURAL CLIMATE SOLUTION AND PROVIDED HANDS ON STEM TRAINING ABOUT SUSTAINABLE AGRICULTURE ACROSS THE COUNTY. PARTNERSHIPS WITH ELEMENTARY, MIDDLE, AND HIGH SCHOOL PROVIDED PROGRAM PARTICIPATION OPPORTUNITIES TO EDUCATE STUDENTS ABOUT THE MISSION OF MCF. STEWARDSHIP HIGHLIGHTS MCF DEFENDED 1,100 ACRES OF PERMANENTLY PROTECTED LANDS THROUGH THE ANNUAL MONITORING OF EASEMENTS. MCF MONITORS CONSERVATION AND AGRICULTURAL EASEMENTS THAT ARE HELD BY THE ORGANIZATION AND THOSE HELD BY THE COUNTY OF MONMOUTH THROUGH A CONTRACTUAL AGREEMENT BETWEEN THE COUNTY AND MCF. PROJECTS-UNDERWAY PROGRESS CONTINUES FOR 100- ACRES OF PARK ACQUISITION PROJECTS IN HOWELL AND 7 ACRES IN ATLANTIC HIGHLANDS, THREE FARMS CONSISITING OF 270 - ACRES OF FARMLAND PRESERVATION IN COLTS NECK. MCF IS ALSO WORKING TO IMPROVING ACCESS TO PARKS IN UNDERSERVED AREAS THROUGHOUT THE COUNTY IN MUNICIPALITES SUCH AS LONG BRANCH. ADDITIONALLY, MCF IS HELPING SEA BRIGHT IMPROVE A WATERFRONT COMMUNITY PARK THAT WILL PROVIDE NEW PASSIVE RECREATING AMENITIES FOR THE RESIDENTS. A CONTINUED PARTNERSHIP WITH THE MONMOUTH COUNTY PARKS SYSTEM ON THE LONG-TERM EFFORT TO TRANSFORM THE FORMER CHRIS' MARINA PROPERTY INTO SWIMMING RIVER PARK. MCF IS WORKING TO FURTHER EXPAND THE PARK WHILE ALSO FACILITATING THE EXTENSIVE ENVIRONMENTAL REMEDIATION OF THE OVERALL PARK AREA. IMPLEMENTATION OF A NEW PRESERVATION PROGRAM WITH THE DEPARTMENT OF DEFENSE THROUGH THE U.S. NAVY AND THEIR REPI PROGRAM CONTINUES. THIS PROGRAM WILL BE A NEW FUNDING SOURCE FOR LAND PRESERVATION EFFORTS AND WILL REQUIRE A 50% COST SHARE TO MATCH THE GOVERMENT FUNDS THAT MCF WILL FUNDRAISE. SERVERAL POTENTIAL PROJECTS ARE LINED UP TO UTILIZE THIS NEW FUNDING SOURCE.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,692,431
Program Service Revenue $4,160
Investment Income $106,662
Other Revenue $-219,163
TOTAL REVENUE $1,584,090

Expense Breakdown

Grants Paid $0
Salaries & Benefits $694,642
Fundraising Expenses $213,888
Program Expenses $547,499
Other Expenses $392,319
TOTAL EXPENSES $1,086,961

Year-over-Year Comparison

2024 2023 Change
Revenue $1,584,090 $7,789,220 -0.8%
Expenses $1,086,961 $1,025,577 +0.1%
Net Income $497,129 $6,763,643 -0.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
28
Independent Members
28
Employees
7
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$145,250
Total Directors
29
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MATTHEW A COHEN PRESIDENT 5.00
Officer Director
$0 $0 $0
AIDAN EHRENBERG SECERTARY 5.00
Officer Director
$0 $0 $0
CHRIS MEAGHER AT LARGE 5.00
Officer Director
$0 $0 $0
ANDREW SPEARS EX OFFICIO ON EXECUTIVE CO 1.00
Director
$0 $0 $0
RICHARD VENINO CHAIR AC 1.00
Director
$0 $0 $0
MARTY MCHUGH CHAIR SCUDDER 1.00
Director
$0 $0 $0
JENNIFER BECK CHAIR DEVELOPMENT 1.00
Director
$0 $0 $0
CHRISTOPHER RODRIGUEZ CHAIR DEI 1.00
Director
$0 $0 $0
BENSON CHILES CHAIR GPRC 1.00
Director
$0 $0 $0
FRANK SCHEUER CHAIR COT 1.00
Director
$0 $0 $0
TONY MACDONALD CHAIR EOC 1.00
Director
$0 $0 $0
JACK TASSINI AT LARGE 1.00
Director
$0 $0 $0
VALERIE MONTECALVO AT LARGE 1.00
Director
$0 $0 $0
LARRY FINK AT LARGE 5.00
Director
$0 $0 $0
JOE BARRIS DIRECTOR 1.00
Director
$0 $0 $0
DANNY HERTZ DIRECTOR 1.00
Director
$0 $0 $0
TOM LEY DIRECTOR 1.00
Director
$0 $0 $0
ROSS LICITRA DIRECTOR 1.00
Director
$0 $0 $0
LIZ RECHNITZ DIRECTOR 1.00
Director
$0 $0 $0
DAVID HODER DIRECTOR 1.00
Director
$0 $0 $0
CINDY WEBER-CLEARY DIRECTOR 1.00
Director
$0 $0 $0
HOLLY BOYLAN FLEGO DIRECTOR 1.00
Director
$0 $0 $0
NORA KING DIRECTOR 1.00
Director
$0 $0 $0
HEATHER MCKEOWN DIRECTOR 1.00
Director
$0 $0 $0
TRACY COLE DIRECTOR 1.00
Director
$0 $0 $0
DAN DIRSCHERL DIRECTOR 1.00
Director
$0 $0 $0
STEVE DENHOLTZ DIRECTOR 1.00
Director
$0 $0 $0
LAURA BRINKERHOFF DIRECTOR 1.00
Director
$0 $0 $0
PAT LYMAN DIRECTOR 1.00
Director
$0 $0 $0
WILLIAM KASTNING EXECUTIVE DIRECTOR 40.00
Officer
$145,250 $0 $145,250
JENNA COSIMO DIRECTOR OF ACQUISITION 40.00
Highest
$105,000 $0 $105,000
KAREN KEENE DIRECTOR OF DEVELOPMENT AND COMMUNICATIONS 40.00
Highest
$120,500 $0 $120,500
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $1,584,090 $1,086,961 $11,269,270 $497,129
2024 $7,789,220 $1,025,577 $10,654,882 $6,763,643
2023 $518,404 $1,099,750 $3,800,066 $-581,346
2022 $3,086,805 $1,247,168 $4,349,467 $1,839,637
2021 $1,354,701 $1,027,826 $2,553,194 $326,875
2020 $2,293,310 $3,001,140 $2,072,779 $-707,830
2019 $1,361,003 $886,930 $3,043,910 $474,073
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