FRIENDS OF HOPEWELL VALLEY OPEN SPACE

EIN: 222810757 501(c)(3) Environment

PENNINGTON, NJ

Total Revenue
$741,400
Total Expenses
$793,158
Total Assets
$11,853,883
Net Assets
$11,800,884
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Financial Trends

Organization Details

Formation Year
1987
Legal Domicile
NJ
Principal Officer
DANIEL RUBENSTEIN
Phone
6097301560
Tax Period
2023-01-01 to 2023-12-31

FRIENDS OF HOPEWELL VALLEY OPEN SPACE, founded in 1987, is a small nonprofit in the Environment sector that reported $741K in total revenue in fiscal year 2023. Revenue fell 33% from the prior year — a significant decline worth monitoring. Net assets of $11.8M represent 191 months of operating reserves.

Mission

THE PURPOSE OF FRIENDS OF HOPEWELL VALLEY OPEN SPACE IS TO PROMOTE CONSERVATION IN THE HOPEWELL VALLEY REGION THROUGH OPEN SPACE PRESERVATION, INFORMED LAND USE, WISE STEWARDSHIP, EDUCATION AND OUTREACH.

Program Service Accomplishments

Program 1
Expenses: $310,695 Revenue: $15,522

COMMUNITY CONSERVATION LAND STEWARDSHIP PROGRAMS - GUIDED BY ITS PRIMARY MISSION TO PRESERVE AND PROTECT LAND THROUGHOUT HOPEWELL VALLEY, FO HVOS NOT ONLY PERFORMS LAND STEWARDSHIP WORK ON FOHVOS...

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COMMUNITY CONSERVATION LAND STEWARDSHIP PROGRAMS - GUIDED BY ITS PRIMARY MISSION TO PRESERVE AND PROTECT LAND THROUGHOUT HOPEWELL VALLEY, FO HVOS NOT ONLY PERFORMS LAND STEWARDSHIP WORK ON FOHVOS PRESERVES, BUT ALSO ON OTHER PUBLIC AND PRIVATE LANDS. THESE PROGRAMS ARE FUNDED THROUGH CORPORATE AND FOUNDATION GRANTS, INDIVIDUAL DONATIONS, AND FEES-FOR- SERVICE. CORPORATE, COMMUNITY AND STUDENT VOLUNTEERS HELP FOHVOS STEWARDSHIP STAFF WITH PLANTING, TRAIL WORK AND RESTORATIONS. PRIVATE LANDOWNERS IN THE COMMUNITY CONSERVATION PROGRAM RECEIVED GUIDANCE ON NATIVE PLANTS, INVASIVE SPECIES, AND DEER MANAGEMENT AND MAY PURCHASE NATIVE PLANTS AT WHOLESALE PRICES. FOHVOS COMMUNITY CONSERVATION EXTENDS THE ECOLOGICAL LAND STEWARDSHIP BENEFITS TO OVER 3,000 ACRES OF LAND AND RESULTS IN IMPROVED BIODIVERSITY AND WATER QUALITY, INCREASED HABITATS FOR DECLINING WILDLIFE POPULATIONS, AND A COMMUNITY THAT IS MORE CONNECTED TO THE LAND.

Program 2
Expenses: $231,538 Revenue: $37,141

FOHVOS NEW JERSEY INVASIVE SPECIES STRIKE TEAM - FOUNDED IN 2008 WITH A MISSION TO PROTECT NEW JERSEY'S NATURAL LANDS, THE STRIKE TEAM SERVES AS A STATEWIDE RESOURCE FOR CONSERVATION THROUGH ITS...

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FOHVOS NEW JERSEY INVASIVE SPECIES STRIKE TEAM - FOUNDED IN 2008 WITH A MISSION TO PROTECT NEW JERSEY'S NATURAL LANDS, THE STRIKE TEAM SERVES AS A STATEWIDE RESOURCE FOR CONSERVATION THROUGH ITS DEDICATED FOCUS ON MITIGATING THREATS POSED BY INVASIVE SPECIES. THE STRIKE TEAM SERVES AS A CLEARINGHOUSE OF INFORMATION ON INVASIVE SPECIES AND OFFERS TOOLS, TRAINING AND OUTREACH THAT REACH 2,000 PROFESSIONALS AND LAYMEN EVERY YEAR. ITS PARTNERS INCLUDE FEDERAL, STATE, COUNTY AND MUNICIPAL GOVERNMENTS, CONSERVATION GROUPS, PRIVATE LANDOWNERS, VOLUNTEER GROUPS AND INDIVIDUALS DEDICATED TO PROTECTING PRIVATE PROPERTY AND LOCAL PARKES. TOGETHER, THEY DETECT, TRACK, AND ELIMINATE INVASIVE SPECIES BY MAPPING THEM WITH A PROPRIETARY PHONE APP AND MAINTAINING A STATEWIDE DATABASE. SINCE INCEPTION, THE STRIKE TEAM HAS SEARCHED 800,000 ACRES, DOCUMENTED 20,000 INVASIVE POPULATIONS, AND ELIMINATED 4,000 OF THEM.

Program 3
Expenses: $27,245

LAND PRESERVATION - AS AN ACCREDITED LAND TRUST, FOHVOS ACQUIRES LAND FOR PERMANENT PRESERVATION PURSUANT TO THE RECOMMENDATION OF ITS LAND PRESERVATION COMMITTEE. SELECTION IS BASED ON A...

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LAND PRESERVATION - AS AN ACCREDITED LAND TRUST, FOHVOS ACQUIRES LAND FOR PERMANENT PRESERVATION PURSUANT TO THE RECOMMENDATION OF ITS LAND PRESERVATION COMMITTEE. SELECTION IS BASED ON A PRIORITIZATION SYSTEM BASED ON LAND EVALUATION CRITERIA THAT EVALUATES ECOLOGICAL VALUE INCLUDING PROTECTION OF WILDLIFE, BIODIVERSITY, SCENIC VIEWS, CONTRIBUTIONS TO WATER QUALITY, OPPORTUNITIES FOR PUBLIC ACCESSIBILITY, CONNECTING TRAILS AND COMMUNITY CONSERVATION. THE MAJORITY OF PROTECTED LANDS AND CONSERVATION EASEMENTS ARE PURCHASED IN PARTNERSHIP WITH GOVERNMENTAL AND/OR OTHER CONSERVATION NONPROFIT ORGANIZATIONS WITH THE PURPOSE OF OPEN SPACE PRESERVATION AND LAND STEWARDSHIP. FOHVOS PROVIDES A PUBLIC BENEFIT BY CONTRIBUTING TO A HEALTHY ENVIRONMENT, OFFERING RECREATIONAL VENUES AND IMPROVING THE QUALITY OF LIFE FOR AREA RESIDENTS AND VISITORS.

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $494,217
Program Service Revenue $52,663
Investment Income $194,639
Other Revenue $-119
TOTAL REVENUE $741,400

Expense Breakdown

Grants Paid $0
Salaries & Benefits $469,547
Fundraising Expenses $33,082
Program Expenses $668,496
Other Expenses $323,611
TOTAL EXPENSES $793,158

Year-over-Year Comparison

2023 2022 Change
Revenue $741,400 $1,101,741 -0.3%
Expenses $793,158 $709,954 +0.1%
Net Income $-51,758 $391,787 -1.1%
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
16
Independent Members
16
Employees
23
Volunteers
220

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
5
$0
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARK BEAN TRUSTEE 1.00
Director
$0 $0 $0
HELEN CORVELEYN TRUSTEE 1.00
Director
$0 $0 $0
ROBERT FLORY TRUSTEE 1.00
Director
$0 $0 $0
JOHN JACKSON TRUSTEE 1.00
Director
$0 $0 $0
MARJORIE KAPLAN SECRETARY 1.00
Officer Director
$0 $0 $0
JUDITH KARP VICE PRESIDE 1.00
Officer Director
$0 $0 $0
RYAN KENNEDY VICE PRESIDE 1.00
Officer Director
$0 $0 $0
CAROL KLEIS TRUSTEE 1.00
Director
$0 $0 $0
JAQUAN LEVONS TRUSTEE 1.00
Director
$0 $0 $0
TOMIA MACQUEEN TRUSTEE 1.00
Director
$0 $0 $0
SAMARA MCAULIFFE TRUSTEE 1.00
Director
$0 $0 $0
FRANK NEWPORT TRUSTEE 1.00
Director
$0 $0 $0
DANIEL PACE TRUSTEE 1.00
Director
$0 $0 $0
JEFFREY OSBORN PHD TRUSTEE 1.00
Director
$0 $0 $0
DANIEL RUBENSTEIN PRESIDENT 1.00
Officer Director
$0 $0 $0
MIMI TURI TREASURER 1.00
Officer Director
$0 $0 $0
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
2024 No data No data No data No data
2023 $741,400 $793,158 $11,853,883 $-51,758
2022 $1,101,741 $709,954 $11,655,180 $391,787
2021 $842,603 $604,446 $12,061,061 $238,157
2020 $1,167,241 $469,655 $11,477,630 $697,586
2019 $535,822 $536,456 $10,688,402 $-634
2018 $1,211,064 $422,571 $10,244,808 $788,493
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