Trustees of Reservations
78% goes to programs $15 to raise $100 Strong reserves Declining revenue
Trustees of Reservations is a 501(c)(3) organization based in Boston, Massachusetts, registered in 1935, with $57,850,047 in FY2024 revenue. CharityIndex grades it A, and it directs about 78% of spending to programs.
200 High St 4th Floor, Boston, MA, 02110 EIN 04-2105780 Since 1935
Revenue (FY2024)
$57.9M
▼ 10.9% vs prior year
Environment median: $250K
Expenses (FY2024)
$49.4M
Net assets
$386.4M
Employees
976
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
B+Program efficiency40% of the rating78% to programs · $15 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Trustees of Reservations: 78% to programs · $15 to raise $100 earns a B+ on this criterion. See the exact thresholds →
B+Financial health25% of the rating94 mo reserves · +15% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Trustees of Reservations: 94 mo reserves · +15% margin earns a B+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Trustees of Reservations: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Trustees of Reservations: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Preserve, for public use & enjoyment, places of exceptional scenic, historical, ecol. value.
What they do
Welcoming and connection - each year, the trustees welcomes over 1.8 million visitors to explore our treasured landscapes and experience thousands of programs and events. our 80,000 trustees member households also experience these special places while enjoying exclusive benefits. since 1891, support from members has made it possible to care for our special places, ensuring they remain vibrant and accessible for everyone, forever. the trustees connects visitors of all ages through thousands of programs and educational programming including outdoor, community, and culture through dynamic and engaging experiences. this includes summer and youth camps, walks, talks, cooking classes, concerts, farm share programs, and special events. the trustees inspire massachusetts residents and visitors to lead healthy, active lifestyles while forming a deeper connection to nature.
Conservation - together with our partners, the trustees cares for nearly 52,000 acres of land across the commonwealth, including more than 27,000 acres of publicly accessible, treasured landscapes. most massachusetts residents live just a few miles from a trustees property, where countless memories are made and shared. the trustees also protect 20,700 acres of land through conservation restrictions, making the trustees the largest private owner of conservation restrictions in massachusetts.
Contact & location
- Address
- 200 High St 4th Floor, Boston, MA, 02110
- City
- Boston
- State
- Massachusetts
- Category
- Environment
- Subcategory
- Natural Resources Conservation
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $28.9M (FY2013) to $57.9M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $11.8MNet assets $386.4M
Operating margin
14.6%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$398.2M
Total liabilities
$11.8M
Net assets
$386.4M
Salaries & benefits
$27.8M
56% of expenses
Board members
22
22 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $57,850,047▼10.9% | $49,426,983▼19.6% | $386,440,517▲3.5% | $398,201,633▲3.0% | 990 |
| 2023 | $64,920,859▲28.6% | $61,448,034▲11.2% | $373,204,267▲9.5% | $386,708,488▲8.5% | 990 |
| 2022 | $50,485,860▼36.8% | $55,281,050▲7.5% | $340,935,386▼5.0% | $356,550,348▼4.4% | 990 |
| 2021 | $79,907,362▼9.6% | $51,431,704▲2.3% | $359,001,159▲9.9% | $373,027,910▲10.7% | 990 |
| 2020 | $88,431,001▲97.5% | $50,283,901▲15.6% | $326,564,999▲25.8% | $336,930,821▲27.2% | 990 |
| 2019 | $44,778,213▲4.9% | $43,512,319▲16.5% | $259,666,654▼5.6% | $264,912,067▼5.5% | 990 |
| 2018 | $42,674,880▲16.8% | $37,347,151▲3.6% | $275,201,849▲0.3% | $280,191,347▲0.4% | 990 |
| 2017 | $36,538,148▼5.1% | $36,059,001▲8.3% | $274,395,401▲3.6% | $279,115,715▲3.5% | 990 |
| 2016 | $38,492,166▲21.3% | $33,301,945▲15.5% | $264,905,035▲5.5% | $269,737,095▲5.4% | 990 |
| 2015 | $31,722,613▼1.4% | $28,826,961▲11.8% | $251,121,104▼3.2% | $255,923,973▼3.2% | 990 |
| 2014 | $32,160,862▲11.2% | $25,780,349▲21.5% | $259,527,094▲3.6% | $264,379,791▲3.4% | 990 |
| 2013 | $28,929,354 | $21,215,691▲4.8% | $250,611,409▲5.9% | $255,577,712▲5.8% | 990 |
| 2012 | — | $20,250,505▲4.3% | $236,619,116▲3.2% | $241,515,092▲3.4% | 990 |
| 2011 | — | $19,416,593▲1.2% | $229,390,014▲9.1% | $233,685,994▲9.0% | 990 |
| 2009 | — | $19,180,340 | $210,251,194 | $214,343,218 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Katie Theoharides — $460,610 (0.93% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Katie Theoharides | President and Ceo | 30 | $460,610 |
| Christine Morin | Chief Operating Officer | 40 | $310,344 |
| Brian Therrien | Chief Financial Officer, Treasurer | 28 | $297,442 |
| Janelle Woods | Chief Marketing & Diversity Officer | 40 | $236,042 |
| Nathan Hutto | Interim Chief Operating & People Officer | 40 | $213,490 |
| Denise Trapani-hall | Managing Director, Individual Giving | 40 | $202,733 |
| Jenna Gomes | Int. Head of Dev/sr Dir. Ind. Giving | 40 | $196,483 |
| Elizabeth Mcdonough | Vice President, Business Operations & Engagement | 40 | $196,076 |
| Patrick William Collins | Senior Director of Digital Solutions and Informati | 40 | $184,344 |
| Lucinda Brockway | Cultural Resources Program Director | 40 | $174,876 |
| Janetta Stringfellow | Chief Development Officer | 40 | $122,199 |
| Andrew P Borggaard | Director | 2 | — |
| Brad Irwin | Director | 2 | — |
| Brian Kinney | Assistant Secretary | 2 | — |
| Cyrus Taraporevala | Vice Chair | 2 | — |
| David Croll | Secretary | 2 | — |
| Edward G Garmey | Director | 2 | — |
| Edward H Ladd | Assistant Secretary (until 11/01/24) | 2 | — |
| Elizabeth De Montrichard | Director | 2 | — |
| Elizabeth L Johnson | Director | 2 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Stone & Lime Imports Inc | Construction & Installation | $1,278,478 |
| A&r Mbe Roofing Contractors LLC | Maintenance & Repair Services | $470,358 |
| Beveridge & Diamond | Legal Services | $359,855 |
| Jet Mail Inc | Mailing Services | $349,756 |
| Pmg Postage | Mailing Services | $316,355 |
Grants received · $37.1M total
170 grants to Trustees of Reservations totaling $37.1M, reported by foundations on their Schedule I filings — showing the 15 most recent.
Grants made · $558K in FY2024
1 grant totaling $558K in FY2024. All grants made by Trustees of Reservations →
| Recipient | Purpose | Amount |
|---|---|---|
| Massachusetts Land Conservation Trust Inc | Land conservation | $557,994 |
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Frequently asked questions
- Is Trustees of Reservations a legitimate nonprofit?
- Yes. Trustees of Reservations is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 04-2105780, based in Boston, Massachusetts. Donations are tax-deductible.
- What is Trustees of Reservations's EIN?
- Trustees of Reservations's Employer Identification Number (EIN) is 04-2105780.
- How much revenue does Trustees of Reservations report?
- Trustees of Reservations reported $57,850,047 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Trustees of Reservations's spending goes to programs?
- Trustees of Reservations spends about 78% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Trustees of Reservations have?
- CharityIndex grades Trustees of Reservations A, based on program efficiency and fundraising cost.
- How much does Trustees of Reservations's highest-paid employee make?
- The highest reported compensation on Trustees of Reservations's latest Form 990 is $460,610, paid to Katie Theoharides (President and Ceo).
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Data for Trustees of Reservations (EIN 04-2105780) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.