Nonprofit · EIN 04-2105780
TRUSTEES OF RESERVATIONS
Tax-exempt · BOSTON, MA 02110
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| March 31, 2025 | 990 | $57,850,047 | $49,426,983 | $8,423,064 | $398,201,633 | $11,761,116 | $386,440,517 |
| March 31, 2024 | 990 | $64,920,859 | $61,448,034 | $3,472,825 | $386,708,488 | $13,504,221 | $373,204,267 |
| March 31, 2023 | 990 | $50,485,860 | $55,281,050 | -$4,795,190 | $356,550,348 | $15,614,962 | $340,935,386 |
Financial details: 990 for the year ended March 31, 2025
Revenue
- Contributions, gifts and grants
- $33,241,369
- of which government grants
- $1,727,889
- Membership dues
- $7,755,705
- Program service revenue
- $9,218,751
- Investment income
- $12,719,523
- Net rental income
- $1,573,939
- Net gain from sales of assets
- $10,525,401
- Net income from fundraising events
- -$405,317
- Net income from sales of inventory
- $1,501,782
- Other revenue
- $2,670,404
Expenses
- Grants and similar amounts paid
- $557,994
- Compensation of officers, directors and key employees
- $1,736,049
- Other salaries and wages
- $20,609,232
- Salaries, compensation and benefits (total)
- $27,816,109
- Professional fundraising fees
- $204,657
- Legal fees
- $533,366
- Accounting fees
- $167,796
- Occupancy
- $1,705,549
- Travel
- $849,914
- Depreciation
- $1,759,516
- Program services (functional)
- $38,715,680
- Management and general (functional)
- $5,638,445
- Fundraising (functional)
- $5,072,858
Balance sheet and other
- Total assets, start of year
- $386,708,488
- Total assets, end of year
- $398,201,633
- Total liabilities, end of year
- $11,761,116
- Net assets, end of year
- $386,440,517
- Land, buildings and equipment
- $121,081,508
- Publicly traded securities
- $22,395,685
- Net assets without donor restrictions
- $55,809,543
- Net assets with donor restrictions
- $330,630,974
- Gross unrelated business income
- $558,412
- Gross receipts
- $62,546,296
- Employees
- 976
- Volunteers
- 756
- Year formed
- 1891
- State of legal domicile
- MA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended March 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KATIE THEOHARIDES | PRESIDENT AND CEO Officer | 30 | $460,610 | $16,070 |
| CHRISTINE MORIN | CHIEF OPERATING OFFICER Key employee | 40 | $310,344 | $20,918 |
| BRIAN THERRIEN | CHIEF FINANCIAL OFFICER, TREASURER Officer | 28 | $297,442 | $15,357 |
| JANELLE WOODS | CHIEF MARKETING & DIVERSITY OFFICER Key employee | 40 | $236,042 | $40,832 |
| NATHAN HUTTO | INTERIM CHIEF OPERATING & PEOPLE OFFICER Key employee | 40 | $213,490 | $19,592 |
| DENISE TRAPANI-HALL | MANAGING DIRECTOR, INDIVIDUAL GIVING Highest-paid employee | 40 | $202,733 | $29,930 |
| JENNA GOMES | INT. HEAD OF DEV/SR DIR. IND. GIVING Key employee | 40 | $196,483 | $35,483 |
| ELIZABETH MCDONOUGH | VICE PRESIDENT, BUSINESS OPERATIONS & ENGAGEMENT Highest-paid employee | 40 | $196,076 | $18,166 |
| PATRICK WILLIAM COLLINS | SENIOR DIRECTOR OF DIGITAL SOLUTIONS AND INFORMATI Highest-paid employee | 40 | $184,344 | $27,122 |
| LUCINDA BROCKWAY | CULTURAL RESOURCES PROGRAM DIRECTOR Highest-paid employee | 40 | $174,876 | $17,589 |
| JANETTA STRINGFELLOW | CHIEF DEVELOPMENT OFFICER Highest-paid employee | 40 | $122,199 | $8,936 |
| PETER COFFIN | CHAIR (UNTIL 11/1/24)/DIRECTOR Trustee or director, Officer | 5 | $0 | $0 |
| THOMAS D FRENCH | CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| CYRUS TARAPOREVALA | VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| PHYLLIS R YALE | VICE CHAIR Trustee or director | 2 | $0 | $0 |
21 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| EUNICE JOHNSON PANETTA | VICE CHAIR (UNTIL 11/01/24) Trustee or director, Officer | 2 | $0 |
| DAVID CROLL | SECRETARY Trustee or director, Officer | 2 | $0 |
| BRIAN KINNEY | ASSISTANT SECRETARY Trustee or director, Officer | 2 | $0 |
| EDWARD H LADD | ASSISTANT SECRETARY (UNTIL 11/01/24) Trustee or director, Officer | 2 | $0 |
| WILLIAM G CONSTABLE | ASSISTANT SECRETARY Trustee or director, Officer | 2 | $0 |
| ROLAND E HOCH | DIRECTOR Trustee or director | 2 | $0 |
| PHILIP J EDMUNDSON | DIRECTOR Trustee or director | 2 | $0 |
| ANDREW P BORGGAARD | DIRECTOR Trustee or director | 2 | $0 |
| JULIA G KRAPF | DIRECTOR Trustee or director | 2 | $0 |
| ELIZABETH DE MONTRICHARD | DIRECTOR Trustee or director | 2 | $0 |
| LAURA DEBONIS | DIRECTOR (UNTIL 11/01/24) Trustee or director | 2 | $0 |
| EDWARD G GARMEY | DIRECTOR Trustee or director | 2 | $0 |
| UZOCHI C ERLINGSSON | DIRECTOR Trustee or director | 2 | $0 |
| MARTIN LEMPRES | DIRECTOR Trustee or director | 2 | $0 |
| PRISCILLA J BENDER | DIRECTOR Trustee or director | 2 | $0 |
| JOHN D LAUPHEIMER | DIRECTOR Trustee or director | 2 | $0 |
| ELIZABETH L JOHNSON | DIRECTOR Trustee or director | 2 | $0 |
| SUKANAYA L SODERLAND | DIRECTOR Trustee or director | 2 | $0 |
| ROBERT H MASON | DIRECTOR Trustee or director | 2 | $0 |
| BRAD IRWIN | DIRECTOR Trustee or director | 2 | $0 |
| TIMOTHY G HEALY | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended March 31, 2024: 37 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JOHN JUDGE | FORMER PRESIDENT AND CEO Former | 0 | $369,423 | $0 |
| CHRISTINE MORIN | CHIEF OPERATING OFFICER Key employee | 38 | $333,945 | $20,375 |
| MATHEW WILSON | CHIEF DEVELOP. OFFICER (UNTIL 10/23) Key employee | 40 | $298,311 | $34,942 |
| BRIAN THERRIEN | TREASURER, CHIEF FINANCIAL OFFICER Officer | 28 | $301,340 | $5,654 |
| EUNICE JOHNSON PANETTA | VICE CHAIR, FORMER PRESIDENT & CEO Trustee or director, Officer | 40 | $253,628 | $6,364 |
| KRISTEN AF KLINTBERG | MANAGING DIRECTOR, DEV. (UNTIL 2/24) Highest-paid employee | 40 | $228,399 | $19,179 |
| JANELLE WOODS | CHIEF MARKETING & DIVERSITY OFFICER Key employee | 40 | $206,174 | $36,598 |
| DENISE TRAPANI-HALL | MANAGING DIRECTOR, INDIVIDUAL GIVING Highest-paid employee | 40 | $198,332 | $28,281 |
| KATHLEEN SAMBUCO | MANAGING DIRECTOR, HR (UNTIL 10/23) Highest-paid employee | 40 | $186,915 | $23,328 |
| ELIZABETH MCDONOUGH | VICE PRESIDENT, NATURE & AGRICULTURE PROPERTIES Highest-paid employee | 40 | $191,991 | $17,503 |
| BERYL JOLLY | VICE PRESIDENT, CULTURAL PROPERTIES Highest-paid employee | 20 | $193,499 | $14,749 |
| JENNA GOMES | INTERIM HEAD OF DEVELOPMENT Key employee | 40 | $171,375 | $36,005 |
| KATIE THEOHARIDES | PRESIDENT & CEO Officer | 40 | $176,498 | $3,298 |
| DAVID CROLL | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| BRIAN KINNEY | ASSISTANT SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| EDWARD H LADD | ASSISTANT SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| WILLIAM G CONSTABLE | ASSISTANT SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| PETER COFFIN | CHAIR Trustee or director, Officer | 5 | $0 | $0 |
| ROLAND E HOCH | DIRECTOR Trustee or director | 2 | $0 | $0 |
| PHILIP J EDMUNDSON | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ANDREW P BORGGAARD | DIRECTOR Trustee or director | 2 | $0 | $0 |
| THOMAS D FRENCH | DIRECTOR Trustee or director | 2 | $0 | $0 |
| CYRUS TARAPOREVALA | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JULIA G KRAPF | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ELIZABETH DE MONTRICHARD | DIRECTOR Trustee or director | 2 | $0 | $0 |
| PHYLLIS R YALE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| LAURA DEBONIS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| EDWARD G GARMEY | DIRECTOR Trustee or director | 2 | $0 | $0 |
| UZOCHI C ERLINGSSON | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MARTIN LEMPRES | DIRECTOR Trustee or director | 2 | $0 | $0 |
| PRISCILLA J BENDER | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JOHN D LAUPHEIMER | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ELIZABETH L JOHNSON | DIRECTOR Trustee or director | 2 | $0 | $0 |
| SUKANAYA L SODERLAND | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ROBERT H MASON | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MICHAEL PRIOR | DIRECTOR (UNTIL 10/23) Trustee or director | 2 | $0 | $0 |
| G SCOTT UZZELL | DIRECTOR (UNTIL 10/23) Trustee or director | 2 | $0 | $0 |
990 for the year ended March 31, 2023: 37 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JOHN JUDGE | PRESIDENT & CEO (UNTIL 10/17/22) Officer | 40 | $398,516 | $58 |
| MATHEW WILSON | CHIEF, DEV & STRATEGIC PARTNERSHIPS Key employee | 40 | $328,540 | $40,020 |
| CHRISTINE MORIN | ASST. CLERK, CHIEF OPERATING OFFICER Officer | 38 | $298,627 | $19,496 |
| JOCELYN FORBUSH | FORMER PRESIDENT & CEO Former | 20 | $277,439 | $14,971 |
| JANELLE WOODS | VICE PRESIDENT OF COMMUNITY IMPACT Highest-paid employee | 40 | $202,596 | $36,251 |
| PAUL LEECH | CHIEF FINANCIAL OFFICER (UNTIL 8/22) Officer | 20 | $234,877 | $0 |
| DENISE TRAPANI-HALL | MANAGING DIR., INDIVIDUAL GIVING Highest-paid employee | 40 | $198,062 | $29,084 |
| BERYL JOLLY | VP, CULTUTRAL PROPERTIES Highest-paid employee | 20 | $194,406 | $17,623 |
| ALAINA SPAZIANI | MANAGING DIR., CAMPAIGN STRAT/DEV OPS Highest-paid employee | 40 | $191,963 | $17,852 |
| KENNETH CHAISSON | MANAGING DIR., DIGITAL TECHNOLOGY Highest-paid employee | 40 | $193,604 | $9,731 |
| BRIAN THERRIEN | CFO & TREASURER Officer | 28 | $123,076 | $32 |
| EUNICE JOHNSON PANETTA | DIR.(UNTIL 10/22)/INTERIM PRES & CEO Trustee or director, Officer | 40 | $67,488 | $1,444 |
| PETER COFFIN | CHAIR Trustee or director, Officer | 5 | $0 | $0 |
| DAVID CROLL | CLERK/SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| BRIAN KINNEY | ASSISTANT SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| ROLAND HOCH | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JULIA KRAPF | DIRECTOR Trustee or director | 2 | $0 | $0 |
| EDWARD LADD | DIRECTOR Trustee or director | 2 | $0 | $0 |
| LINDA HAMMETT ORY | DIRECTOR (UNTIL 11/1/22) Trustee or director | 2 | $0 | $0 |
| THOMAS FRENCH | DIRECTOR Trustee or director | 2 | $0 | $0 |
| PHYLLIS YALE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| LAURA DEBONIS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MARTIN LEMPRES | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ELIZABETH DE MONTRICHARD | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ANDREW BORGGAARD | DIRECTOR Trustee or director | 2 | $0 | $0 |
| PHILIP EDMUNDSON | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ROBERT MASON | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MICHAEL PRIOR | DIRECTOR Trustee or director | 2 | $0 | $0 |
| G SCOTT UZZELL | DIRECTOR Trustee or director | 2 | $0 | $0 |
| NEETI BHALLA JOHNSON | DIRECTOR (UNTIL 11/1/22) Trustee or director | 2 | $0 | $0 |
| WILLIAM CONSTABLE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| UZOCHI ERLINGSSON | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ANDREW DAVIS | DIRECTOR (UNTIL 11/1/22) Trustee or director | 2 | $0 | $0 |
| DR EDWARD GARMEY | DIRECTOR Trustee or director | 2 | $0 | $0 |
| CYRUS TARAPOREVALA | DIRECTOR Trustee or director | 2 | $0 | $0 |
| SUKANAYA SODERLAND | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ELIZABETH JOHNSON | DIRECTOR Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 200 HIGH ST 4TH FLOOR, BOSTON, MA 02110-3036
- Principal officer (990 for 2024)
- KATHLEEN THEOHARIDES, 200 HIGH STREET 4TH FLOOR, BOSTON, MA 02110
- Signed the 990
- BRIAN THERRIEN, CHIEF FINANCIAL OFFICER
- Phone
- (617) 542-7696
- Website
- WWW.THETRUSTEES.ORG
- Return prepared by
- CBIZ ADVISORS LLC
Mission
OVERVIEW - FOUNDED IN BOSTON BY PIONEERING LANDSCAPE ARCHITECT AND OPEN SPACE VISIONARY CHARLES ELIOT IN 1891, THE TRUSTEES IS THE NATION'S FIRST AND THE COMMONWEALTH'S LARGEST CONSERVATION AND PRESERVATION NONPROFIT.
Program accomplishments
- STEWARDSHIP - AS THE FOREVER STEWARDS OF THE SPECIAL PLACES THE TRUSTEES ARE RESPONSIBLE FOR ENSURING THESE NATURAL LANDSCAPES, UNIQUE BUILDINGS, AND CHERISHED PROPERTIES ARE HERE FOR GENERATIONS TO COME AND TO CREATE A WORLD-CLASS, HIGHLY ACCESSIBLE VISITOR EXPERIENCE. TRUSTEES PROPERTIES INCLUDE OVER 120 PROPERTIES, 375 MILES OF TRAILS, 76 MILES OF ACCESSIBLE SHORELINE, 113 PARKS AND WOODLANDS, 12 PUBLIC GARDENS, AND 250 BUILDINGS. THE CARE OF THESE PROPERTIES IS HANDLED BY EMPLOYEES SKILLED IN LANDSCAPE MANAGEMENT, HORTICULTURE, ARBORICULTURE, AND HISTORIC RESOURCES. HISTORICAL RESOURCE STAFF MEMBERS ARE RESPONSIBLE FOR THE STEWARDSHIP AND PRESENTATION OF THE TRUSTEE'S HISTORIC PROPERTIES INCLUDING 6 NATIONAL LANDMARKS, HISTORIC HOUSE MUSEUMS, ARCHIVAL OBJECT COLLECTIONS, GARDENS, AND DESIGNED LANDSCAPES.Expenses $27,549,685 · revenue $6,844,155
- 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.Expenses $10,310,217 · revenue $2,561,347
- 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.Expenses $855,778 · grants $557,994 · revenue $212,559
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in March, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | March 31, 2026 | August 17, 2026 | Not on file |
| 2024 | March 31, 2025 | August 15, 2025 | 990 on file |
| 2023 | March 31, 2024 | August 15, 2024 | 990 on file |
IRS record
- EIN
- 04-2105780
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1935
- Accounting year ends
- March
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Environment (C340)
- Assets (IRS master file)
- $398,201,633
- Income (IRS master file)
- $62,546,296
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | March 2025 | $57,850,047 | $49,426,983 | $398,201,633 | XML |
| 990-T | March 2025 | – | – | – | IRS |
| 990 | March 2024 | $64,920,859 | $61,448,034 | $386,708,488 | XML |
| 990-T | March 2024 | – | – | – | IRS |
| 990 | March 2023 | $50,485,860 | $55,281,050 | $356,550,348 | XML |
| 990-T | March 2023 | – | – | – | IRS |
| 990 | March 2022 | $79,907,362 | $51,431,704 | $373,027,910 | IRS |
| 990-T | March 2022 | – | – | – | IRS |
| 990 | March 2021 | – | – | – | IRS |
| 990-T | March 2021 | – | – | – | IRS |
| 990 | March 2020 | – | – | – | IRS |
| 990 | March 2019 | – | – | – | IRS |
| 990 | March 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 04-2105780).
Questions about TRUSTEES OF RESERVATIONS
- What is the EIN of TRUSTEES OF RESERVATIONS?
- The employer identification number (EIN) of TRUSTEES OF RESERVATIONS is 04-2105780.
- Is TRUSTEES OF RESERVATIONS tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1935.
- Are donations to TRUSTEES OF RESERVATIONS tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does TRUSTEES OF RESERVATIONS file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of TRUSTEES OF RESERVATIONS due?
- The return for tax year 2025 (the year ending March 31, 2026) is due August 17, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did TRUSTEES OF RESERVATIONS last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended March 2025.
- Who is the principal officer of TRUSTEES OF RESERVATIONS?
- The 990 for the year ended March 31, 2025 names KATHLEEN THEOHARIDES.
- Who are the officers and directors of TRUSTEES OF RESERVATIONS?
- The 990 for the year ended March 31, 2025 lists 36 people; 11 received compensation from the organization, the highest $460,610 (KATIE THEOHARIDES, PRESIDENT AND CEO).
- How much revenue does TRUSTEES OF RESERVATIONS have?
- On its 990 for the year ended March 31, 2025 it reported revenue of $57,850,047, expenses of $49,426,983 and total assets of $398,201,633 at year end.
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