Helen Taylor, The Nature Conservancy's Michigan director, accepts one of the four trucks donated by GM Cardmembers in April.
Rest assured this "Director" draws a fat salary, perks, etc.- paid by the group... who extorts money from GM's customers...
( Corporations do not pay taxes, fines, or other such fees- they pass the costs on to their customers...)
Nature Conservancy report from Better Business Bureau's Charity site, www.give.org (2000)
The following information is based on TNC's consolidated audited financial statements for the fiscal year ended June 30, 2000.
Note 1: In reaching the conclusion that TNC meets the standard calling for a reasonable percentage (at least 50%) of total income from all sources to be applied to programs and activities directly related to the purposes for which the organization exists, the BBB Wise Giving Alliance (the Alliance) considered the following, among other things. TNC believes that although their land purchases for conservation purposes are considered a fundamental part of their program expenditures they cannot be recognized as a program expense within an audited financial statement as a result of accounting rules. The 2000 audit report for TNC shows that it spent $310,448,000 or 38%, of total income ($786,848,000) on program service activities. If these figures are adjusted to incorporate land purchases as a program expense, then TNC spent program expense, then TNC spent $429,064,000, or 67%, of adjusted total income ($640,680,000) on program service expenses.
Source of Funds Contributions for land and other conservation projects 204,144,000 Investment income 161,181,000 Contributions for operations 125,829,000 Land contributed for conservation 86,082,000 Sales of conservation land to governmental agencies and other conservation organizations 81,925,000 Government grants 60,086,000 Royalties, fees and other 21,203,000 Contributions to endowments 18,773,000 Mitigation and contracts 14,052,000 Contributions of goods and services 5,416,000 Contributions of trade lands 4,885,000 Contributions for land preservation fund 3,272,000
Total Income $786,848,000