TY 2022 Form 990

- TIN:

SCHEDULE A
(Form 990)

Department of the Treasury
Internal Revenue Service

Public Charity Status and Public Support

Complete if the organization is a section 501(c)(3) organization or a section 4947(a)(1) nonexempt charitable trust.
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Attach to Form 990 or Form 990-EZ.
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Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2022

Open to Public
Inspection

Name of the organization

BLUE INVESTMENTS FOR NATURE INC

Employer identification number

85-1228166

Part I

Reason for Public Charity Status (All organizations must complete this part.) See instructions.

The organization is not a private foundation because it is: (For lines 1 through 12, check only one box.)

A church, convention of churches, or association of churches described in section 170(b)(1)(A)(i).

A school described in section 170(b)(1)(A)(ii). (Attach Schedule E (Form 990).)

A hospital or a cooperative hospital service organization described in section 170(b)(1)(A)(iii).

A medical research organization operated in conjunction with a hospital described in section 170(b)(1)(A)(iii). Enter the hospital's name, city, and state:

An organization operated for the benefit of a college or university owned or operated by a governmental unit described in section 170(b)(1)(A)(iv). (Complete Part II.)

A federal, state, or local government or governmental unit described in section 170(b)(1)(A)(v).

An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi). (Complete Part II.)

A community trust described in section 170(b)(1)(A)(vi). (Complete Part II.)

An agricultural research organization described in 170(b)(1)(A)(ix) operated in conjunction with a land-grant college or university or a non-land grant college of agriculture. See instructions. Enter the name, city, and state of the college or university:

An organization that normally receives: (1) more than 33 1/3% of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions—subject to certain exceptions, and (2) no more than 33 1/3% of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975. See section 509(a)(2). (Complete Part III.)

An organization organized and operated exclusively to test for public safety. See section 509(a)(4).

An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2). See section 509(a)(3). Check the box on lines 12a through 12d that describes the type of supporting organization and complete lines 12e, 12f, and 12g.

Type I. A supporting organization operated, supervised, or controlled by its supported organization(s), typically by giving the supported organization(s) the power to regularly appoint or elect a majority of the directors or trustees of the supporting organization. You must complete Part IV, Sections A and B.

Type II. A supporting organization supervised or controlled in connection with its supported organization(s), by having control or management of the supporting organization vested in the same persons that control or manage the supported organization(s). You must complete Part IV, Sections A and C.

Type III functionally integrated. A supporting organization operated in connection with, and functionally integrated with, its supported organization(s) (see instructions). You must complete Part IV, Sections A, D, and E.

Type III non-functionally integrated. A supporting organization operated in connection with its supported organization(s) that is not functionally integrated. The organization generally must satisfy a distribution requirement and an attentiveness requirement (see instructions). You must complete Part IV, Sections A and D, and Part V.

Check this box if the organization received a written determination from the IRS that it is a Type I, Type II, Type III functionally integrated, or Type III non-functionally integrated supporting organization.

Enter the number of supported organizations ...............................2

Provide the following information about the supported organization(s).

(i) Name of supported organization	(ii) EIN	(iii) Type of organization (described on lines 1- 10 above (see instructions))	(iv) Is the organization listed in your governing document?		(v) Amount of monetary support (see instructions)	(vi) Amount of other support (see instructions)
(i) Name of supported organization	(ii) EIN		Yes	No	(v) Amount of monetary support (see instructions)	(vi) Amount of other support (see instructions)
(A) THE NATURE CONSERVANCY	530242652	7	Yes		0	13,365,696
(B) BELIZE FUND FOR A SUSTAINABLE FUTURE	365019729	7		No	5,632,330	0
Total 2					5,632,330	13,365,696

For Paperwork Reduction Act Notice, see the Instructions for
Form 990 or 990-EZ.

Cat. No. 11285F

Schedule A (Form 990) 2022

Page 2

Part II

Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi)
(Complete only if you checked the box on line 5, 7, or 8 of Part I or if the organization failed to qualify under Part III. If the organization failed to qualify under the tests listed below, please complete Part III.)

Section A. Public Support

Calendar year (or fiscal year beginning in)		(a) 2018	(b) 2019	(c) 2020	(d) 2021	(e) 2022	(f) Total
1	Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grant.") ..
2	Tax revenues levied for the organization's benefit and either paid to or expended on its behalf....
3	The value of services or facilities furnished by a governmental unit to the organization without charge..
4	Total. Add lines 1 through 3
5	The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f) ..
6	Public support. Subtract line 5 from line 4.

Section B. Total Support

Calendar year (or fiscal year beginning in)		(a) 2018	(b) 2019	(c) 2020	(d) 2021	(e) 2022	(f) Total
7	Amounts from line 4..
8	Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources...
9	Net income from unrelated business activities, whether or not the business is regularly carried on..
10	Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.)..
11	Total support. Add lines 7 through 10

Gross receipts from related activities, etc. (see instructions) ..................

First 5 years. If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a section 501(c)(3) organization, check this box and stop here ........................................ right arrow

Section C. Computation of Public Support Percentage

Public support percentage for 2022 (line 6, column (f) divided by line 11, column (f)) .........

Public support percentage for 2020 Schedule A, Part II, line 14 ...............

16a

33 1/3% support test—2022. If the organization did not check the box on line 13, and line 14 is 33 1/3% or more, check this box
and stop here. The organization qualifies as a publicly supported organization ....................... right arrow

33 1/3% support test—2021. If the organization did not check a box on line 13 or 16a, and line 15 is 33 1/3% or more, check this
box and stop here. The organization qualifies as a publicly supported organization ..................... right arrow

17a

10%-facts-and-circumstances test—2022. If the organization did not check a box on line 13, 16a, or 16b, and line 14 is 10% or more, and if the organization meets the "facts-and-circumstances" test, check this box and stop here. Explain in Part VI how the organization meets the "facts-and-circumstances" test. The organization qualifies as a publicly supported organization ............ right arrow

10%-facts-and-circumstances test—2021. If the organization did not check a box on line 13, 16a, 16b, or 17a, and line 15 is 10% or more, and if the organization meets the "facts-and-circumstances" test, check this box and stop here. Explain in Part VI how the organization meets the "facts-and-circumstances" test. The organization qualifies as a publicly supported organization ............ right arrow

Private foundation. If the organization did not check a box on line 13, 16a, 16b, 17a, or 17b, check this box and see
instructions ..................................................... right arrow

Schedule A (Form 990) 2022

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Part III

Support Schedule for Organizations Described in Section 509(a)(2)
(Complete only if you checked the box on line 10 of Part I or if the organization failed to qualify under Part II. If the organization fails to qualify under the tests listed below, please complete Part II.)

Section A. Public Support

Calendar year (or fiscal year beginning in)		(a) 2018	(b) 2019	(c) 2020	(d) 2021	(e) 2022	(f) Total
1	Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") .
2	Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose
3	Gross receipts from activities that are not an unrelated trade or business under section 513 .....
4	Tax revenues levied for the organization's benefit and either paid to or expended on its behalf...
5	The value of services or facilities furnished by a governmental unit to the organization without charge
6	Total. Add lines 1 through 5
7a	Amounts included on lines 1, 2, and 3 received from disqualified persons
b	Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year.
c	Add lines 7a and 7b..
8	Public support. (Subtract line 7c from line 6.)

Section B. Total Support

Calendar year (or fiscal year beginning in)		(a) 2018	(b) 2019	(c) 2020	(d) 2021	(e) 2022	(f) Total
9	Amounts from line 6...
10a	Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources..
b	Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975.
c	Add lines 10a and 10b.
11	Net income from unrelated business activities not included on line 10b, whether or not the business is regularly carried on.
12	Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.) ..
13	Total support. (Add lines 9, 10c, 11, and 12.)..

First 5 years. If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a section 501(c)(3) organization, check this box and stop here................................................. right arrow

Section C. Computation of Public Support Percentage

Public support percentage for 2022 (line 8, column (f) divided by line 13, column (f)) .........

Public support percentage from 2021 Schedule A, Part III, line 15 ...............

Section D. Computation of Investment Income Percentage

Investment income percentage for 2022 (line 10c, column (f) divided by line 13, column (f)) ......

Investment income percentage from 2021 Schedule A, Part III, line 17 .............

19a

33 1/3% support tests-2022. If the organization did not check the box on line 14, and line 15 is more than 33 1/3%, and line 17 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization ....... right arrow

33 1/3% support tests—2021. If the organization did not check a box on line 14 or line 19a, and line 16 is more than 33 1/3% and line 18 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization ..... right arrow

Private foundation. If the organization did not check a box on line 14, 19a, or 19b, check this box and see instructions .... right arrow

Schedule A (Form 990) 2022

Page 4

Part IV

Supporting Organizations

(Complete only if you checked a box on line 12 of Part I. If you checked box 12a, of Part I, complete Sections A and B. If you checked box 12b, of Part I, complete Sections A and C. If you checked box 12c, of Part I, complete Sections A, D, and E. If you checked box12d, of Part I, complete Sections A and D, and complete Part V.)

Section A. All Supporting Organizations

Yes

Are all of the organization’s supported organizations listed by name in the organization’s governing documents?
If "No," describe in Part VI how the supported organizations are designated. If designated by class or purpose,
describe the designation. If historic and continuing relationship, explain.

Did the organization have any supported organization that does not have an IRS determination of status under section 509(a)(1) or (2)? If "Yes," explain in Part VI how the organization determined that the supported organization was described in section 509(a)(1) or (2).

Yes

Did the organization have a supported organization described in section 501(c)(4), (5), or (6)? If "Yes," answer lines 3b and 3c below.

Did the organization confirm that each supported organization qualified under section 501(c)(4), (5), or (6) and satisfied the public support tests under section 509(a)(2)? If "Yes," describe in Part VI when and how the organization made the determination.

Did the organization ensure that all support to such organizations was used exclusively for section 170(c)(2)(B) purposes? If "Yes," explain in Part VI what controls the organization put in place to ensure such use.

Was any supported organization not organized in the United States ("foreign supported organization")? If “Yes” and if you checked box 12a or 12b in Part I, answer lines 4b and 4c below.

Yes

Did the organization have ultimate control and discretion in deciding whether to make grants to the foreign supported organization? If “Yes,” describe in Part VI how the organization had such control and discretion despite being controlled or supervised by or in connection with its supported organizations.

Yes

Did the organization support any foreign supported organization that does not have an IRS determination under sections 501(c)(3) and 509(a)(1) or (2)? If “Yes,” explain in Part VI what controls the organization used to ensure that all support to the foreign supported organization was used exclusively for section 170(c)(2)(B) purposes.

Yes

Did the organization add, substitute, or remove any supported organizations during the tax year? If “Yes,” answer lines 5b and 5c below (if applicable). Also, provide detail in Part VI, including (i) the names and EIN numbers of the supported organizations added, substituted, or removed; (ii) the reasons for each such action; (iii) the authority under the organization's organizing document authorizing such action; and (iv) how the action was accomplished (such as by amendment to the organizing document).

Yes

Type I or Type II only. Was any added or substituted supported organization part of a class already designated in the organization's organizing document?

Yes

Substitutions only. Was the substitution the result of an event beyond the organization's control?

Did the organization provide support (whether in the form of grants or the provision of services or facilities) to anyone other than (i) its supported organizations, (ii) individuals that are part of the charitable class benefited by one or more of its supported organizations, or (iii) other supporting organizations that also support or benefit one or more of the filing organization’s supported organizations? If “Yes,” provide detail in Part VI.

Did the organization provide a grant, loan, compensation, or other similar payment to a substantial contributor (defined in section 4958(c)(3)(C)), a family member of a substantial contributor, or a 35% controlled entity with regard to a substantial contributor? If “Yes,” complete Part I of Schedule L (Form 990) .

Did the organization make a loan to a disqualified person (as defined in section 4958) not described on line 7? If “Yes,” complete Part I of Schedule L (Form 990).

Was the organization controlled directly or indirectly at any time during the tax year by one or more disqualified persons, as defined in section 4946 (other than foundation managers and organizations described in section 509(a)(1) or (2))? If “Yes,” provide detail in Part VI.

Did one or more disqualified persons (as defined on line 9a) hold a controlling interest in any entity in which the supporting organization had an interest? If “Yes,” provide detail in Part VI.

Did a disqualified person (as defined on line 9a) have an ownership interest in, or derive any personal benefit from, assets in which the supporting organization also had an interest? If “Yes,” provide detail in Part VI.

10a

Was the organization subject to the excess business holdings rules of section 4943 because of section 4943(f) (regarding certain Type II supporting organizations, and all Type III non-functionally integrated supporting organizations)? If “Yes,” answer line 10b below.

10a

Did the organization have any excess business holdings in the tax year? (Use Schedule C, Form 4720, to determine whether the organization had excess business holdings).

10b

Schedule A (Form 990) 2022

Page 5

Part IV

Supporting Organizations (continued)

Yes

Has the organization accepted a gift or contribution from any of the following persons?

A person who directly or indirectly controls, either alone or together with persons described on lines 11b and 11c below, the governing body of a supported organization?

11a

A family member of a person described on 11a above?

11b

A 35% controlled entity of a person described on line 11a or 11b above? If “Yes” to 11a, 11b, or 11c, provide detail in Part VI.

11c

Section B. Type I Supporting Organizations

Yes

Did the officers, directors, trustees, or membership of one or more supported organizations have the power to regularly appoint or elect at least a majority of the organization’s directors or trustees at all times during the tax year? If “No,” describe in Part VI how the supported organization(s) effectively operated, supervised, or controlled the organization’s activities. If the organization had more than one supported organization, describe how the powers to appoint and/or remove directors or trustees were allocated among the supported organizations and what conditions or restrictions, if any, applied to such powers during the tax year.

Yes

Did the organization operate for the benefit of any supported organization other than the supported organization(s) that operated, supervised, or controlled the supporting organization? If “Yes,” explain in Part VI how providing such benefit carried out the purposes of the supported organization(s) that operated, supervised or controlled the supporting organization.

Yes

Section C. Type II Supporting Organizations

Yes

Were a majority of the organization’s directors or trustees during the tax year also a majority of the directors or trustees of each of the organization’s supported organization(s)? If “No,” describe in Part VI how control or management of the supporting organization was vested in the same persons that controlled or managed the supported organization(s).

Section D. All Type III Supporting Organizations

Yes

Did the organization provide to each of its supported organizations, by the last day of the fifth month of the organization’s tax year, (i) a written notice describing the type and amount of support provided during the prior tax year, (ii) a copy of the Form 990 that was most recently filed as of the date of notification, and (iii) copies of the organization’s governing documents in effect on the date of notification, to the extent not previously provided?

Were any of the organization’s officers, directors, or trustees either (i) appointed or elected by the supported organization(s) or (ii) serving on the governing body of a supported organization? If "No," explain in Part VI how the organization maintained a close and continuous working relationship with the supported organization(s).

By reason of the relationship described in line 2 above, did the organization’s supported organizations have a significant voice in the organization’s investment policies and in directing the use of the organization’s income or assets at all times during the tax year? If "Yes," describe in Part VI the role the organization’s supported organizations played in this regard.

Section E. Type III Functionally-Integrated Supporting Organizations

Check the box next to the method that the organization used to satisfy the Integral Part Test during the year (see instructions):

The organization satisfied the Activities Test. Complete line 2 below.

The organization is the parent of each of its supported organizations. Complete line 3 below.

The organization supported a governmental entity. Describe in Part VI how you supported a government entity (see instructions)

Activities Test. Answer lines 2a and 2b below.

Yes

Did substantially all of the organization’s activities during the tax year directly further the exempt purposes of the supported organization(s) to which the organization was responsive? If "Yes," then in Part VI identify those supported organizations and explain how these activities directly furthered their exempt purposes, how the organization was responsive to those supported organizations, and how the organization determined that these activities constituted substantially all of its activities.

Did the activities described on line 2a, above constitute activities that, but for the organization’s involvement, one or more of the organization’s supported organization(s) would have been engaged in? If "Yes," explain in Part VI the reasons for the organization’s position that its supported organization(s) would have engaged in these activities but for the organization’s involvement.

Parent of Supported Organizations. Answer lines 3a and 3b below.

Did the organization have the power to regularly appoint or elect a majority of the officers, directors, or trustees of each of the supported organizations?If "Yes" or "No", provide details in Part VI.

Did the organization exercise a substantial degree of direction over the policies, programs and activities of each of its supported organizations? If "Yes," describe in Part VI. the role played by the organization in this regard.

Schedule A (Form 990) 2022

Page 6

Part V

Type III Non-Functionally Integrated 509(a)(3) Supporting Organizations

Check here if the organization satisfied the Integral Part Test as a qualifying trust on Nov. 20, 1970 (explain in Part VI). See instructions. All other Type III non-functionally integrated supporting organizations must complete Sections A through E.

	Section A - Adjusted Net Income		(A) Prior Year	(B) Current Year (optional)
1	Net short-term capital gain	1
2	Recoveries of prior-year distributions	2
3	Other gross income (see instructions)	3
4	Add lines 1 through 3	4
5	Depreciation and depletion	5
6	Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions)	6
7	Other expenses (see instructions)	7
8	Adjusted Net Income (subtract lines 5, 6 and 7 from line 4)	8

	Section B - Minimum Asset Amount		(A) Prior Year	(B) Current Year (optional)
1	Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year):	1
a	Average monthly value of securities	1a
b	Average monthly cash balances	1b
c	Fair market value of other non-exempt-use assets	1c
d	Total (add lines 1a, 1b, and 1c)	1d
e	Discount claimed for blockage or other factors (explain in detail in Part VI):
2	Acquisition indebtedness applicable to non-exempt use assets	2
3	Subtract line 2 from line 1d	3
4	Cash deemed held for exempt use. Enter 0.015 of line 3 (for greater amount, see instructions).	4
5	Net value of non-exempt-use assets (subtract line 4 from line 3)	5
6	Multiply line 5 by 0.035	6
7	Recoveries of prior-year distributions	7
8	Minimum Asset Amount (add line 7 to line 6)	8

	Section C - Distributable Amount		Current Year
1	Adjusted net income for prior year (from Section A, line 8, Column A)	1
2	Enter 85% of line 1	2
3	Minimum asset amount for prior year (from Section B, line 8, Column A)	3
4	Enter greater of line 2 or line 3	4
5	Income tax imposed in prior year	5
6	Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions)	6

Check here if the current year is the organization's first as a non-functionally-integrated Type III supporting organization (see instructions)

Schedule A (Form 990) 2022

Page 7

Part V

Type III Non-Functionally Integrated 509(a)(3) Supporting Organizations(continued)

Section D - Distributions		Current Year
1 Amounts paid to supported organizations to accomplish exempt purposes	1
2 Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in excess of income from activity	2
3 Administrative expenses paid to accomplish exempt purposes of supported organizations	3
4 Amounts paid to acquire exempt-use assets	4
5 Qualified set-aside amounts (prior IRS approval required - provide details in Part VI)	5
6 Other distributions (describe in Part VI). See instructions	6
7Total annual distributions. Add lines 1 through 6.	7
8 Distributions to attentive supported organizations to which the organization is responsive (provide details in Part VI). See instructions	8
9 Distributable amount for 2022 from Section C, line 6	9
10 Line 8 amount divided by Line 9 amount	10

Section E - Distribution Allocations (see instructions)		(i) Excess Distributions	(ii) Underdistributions Pre-2022	(iii) Distributable Amount for 2022
1 Distributable amount for 2022 from Section C, line 6
2 Underdistributions, if any, for years prior to 2022 (reasonable cause required-- explain in Part VI). See instructions.
3 Excess distributions carryover, if any, to 2022:
a From 2017.......
b From 2018.......
c From 2019.......
d From 2020.......
e From 2021.......
fTotal of lines 3a through e
g Applied to underdistributions of prior years
h Applied to 2022 distributable amount
i Carryover from 2017 not applied (see instructions)
j Remainder. Subtract lines 3g, 3h, and 3i from line 3f.
4Distributions for 2022 from Section D, line 7:
$
a Applied to underdistributions of prior years
b Applied to 2022 distributable amount
c Remainder. Subtract lines 4a and 4b from line 4.
5 Remaining underdistributions for years prior to 2022, if any. Subtract lines 3g and 4a from line 2. If the amount is greater than zero, explain in Part VI. See instructions.
6 Remaining underdistributions for 2022. Subtract lines 3h and 4b from line 1. If the amount is greater than zero, explain in Part VI. See instructions.
7 Excess distributions carryover to 2023. Add lines 3j and 4c.
8 Breakdown of line 7:
a Excess from 2018.....
b Excess from 2019.....
c Excess from 2020.....
d Excess from 2021.....
e Excess from 2022.....

Schedule A (Form 990) (2022)

Schedule A (Form 990) 2022

Page 8

Part VI

Supplemental Information. Provide the explanations required by Part II, line 10; Part II, line 17a or 17b; Part III, line 12; Part IV, Section A, lines 1, 2, 3b, 3c, 4b, 4c, 5a, 6, 9a, 9b, 9c, 11a, 11b, and 11c; Part IV, Section B, lines 1 and 2; Part IV, Section C, line 1; Part IV, Section D, lines 2 and 3; Part IV, Section E, lines 1c, 2a, 2b, 3a and 3b; Part V, line 1; Part V, Section B, line 1e; Part V Section D, lines 5, 6, and 8; and Part V, Section E, lines 2, 5, and 6. Also complete this part for any additional information. (See instructions).

Facts And Circumstances Test

Return Reference	Explanation
SCHEDULE A, PART I, LINE 12G, COLUMN (VI):	BELIZE FUND FOR A SUSTAINABLE FUTURE (BFSF) IS NOT LISTED BY NAME AS A SUPPORTED ORGANIZATION IN BIN'S ARTICLES OF INCORPORATION. HOWEVER, IT IS DESIGNATED IN THE ARTICLES BY PURPOSE AS BIN'S ARTICLES REQUIRE THAT IT BE OPERATED TO SUPPORT TNC AND OTHER ORGANIZATIONS THAT HAVE CONSERVATION AS THEIR CHARITABLE PURPOSE (LIKE BFSF).
PART IV, SECTION A, LINE 1:	THE NATURE CONSERVANCY, BIN'S SUPPORTED ORGANIZATION WHICH CONTROLS THE ORGANIZATION, IS LISTED BY NAME IN BIN'S ARTICLES OF INCORPORATION. BELIZE FUND FOR A SUSTAINABLE FUTURE (BFSF) IS NOT LISTED BY NAME AS A SUPPORTED ORGANIZATION IN BIN'S ARTICLES OF INCORPORATION. HOWEVER, IT IS DESIGNATED IN THE ARTICLES BY PURPOSE AS BIN'S ARTICLES REQUIRE THAT IT BE OPERATED TO SUPPORT TNC AND OTHER ORGANIZATIONS THAT HAVE CONSERVATION AS THEIR CHARITABLE PURPOSE (LIKE BFSF).
PART IV, SECTION A, LINE 2:	BFSF IS PREPARING ITS FORM 1023 APPLICATION FOR RECOGNITION OF EXEMPTION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, WHICH WILL BE SUBMITTED TO THE IRS WITHIN 27 MONTHS OF BFSF'S FORMATION. BIN EXPECTS THAT UPON SUBMISSION OF THE FORM 1023, BFSF WILL RECEIVE AN IRS DETERMINATION LETTER CLASSIFYING BFSF AS A PUBLIC CHARITY DESCRIBED IN SECTIONS 509(A)(1) AND 170(B)(1)(A)(VI). BIN DETERMINED THAT BFSF IS DESCRIBED IN SECTION 509(A)(1) AND 170(B)(1)(A)(VI) UPON REVIEW OF BFSF'S GOVERNING DOCUMENTS AND PROPOSED ACTIVITIES TO CONFIRM THE ORGANIZATION IS EXCLUSIVELY ORGANIZED AND OPERATED FOR CHARITABLE PURPOSES AND UPON ANALYSIS OF BFSF'S PUBLIC SUPPORT. BFSF HAS ALSO INFORMED BIN THAT BFSF INTENDS TO CONDUCT ADDITIONAL FUNDRAISING ACTIVITIES. BIN THEREFORE DETERMINED THAT BFSF CAN BE REASONABLY EXPECTED TO MEET THE APPLICABLE PUBLIC SUPPORT TEST.
PART IV, SECTION A, LINE 4B AND 4C:	BELIZE FUND FOR A SUSTAINABLE FUTURE (BFSF) IS ORGANIZED IN BELIZE, ALTHOUGH IT IS IN THE PROCESS OF APPLYING FOR U.S. TAX-EXEMPT STATUS AS A PUBLIC CHARITY UNDER SECTION 509(A)(1) AS NOTED ABOVE. BIN EXERCISED CONTROL AND DISCRETION WHEN GRANTING FUNDS TO BFSF. BIN IS CONTROLLED BY TNC, ITS SOLE MEMBER, AS TNC HAS THE ABILITY TO APPOINT/REMOVE A MAJORITY OF BIN'S DIRECTORS, ALL OF WHICH ARE TNC EMPLOYEES. ADDITIONALLY, A TNC EMPLOYEE IS ON THE BOARD OF BFSF SO THAT TNC CAN BE INVOLVED IN THE ACTIVITIES OF BFSF. BIN HAS A GRANT AGREEMENT IN PLACE WITH BFSF THAT REQUIRES BFSF TO PROVIDE ANNUAL IMPACT REPORTS, FINANCIAL REPORTS, AND OTHER UPDATES TO BIN SO THAT BIN CAN ENSURE THAT ALL SUPPORT IT PROVIDES TO BFSF IS USED EXCLUSIVELY FOR CHARITABLE PURPOSES IN FURTHERING CONSERVATION.
PART IV, SECTION A, LINE 5A AND 5B:	DURING THE TAX YEAR, BIN ADDED A SUPPORTED ORGANIZATION WITHIN THE CLASS DESIGNATED IN ITS ARTICLES OF INCORPORATION (WHICH INCLUDES ORGANIZATIONS THAT FURTHER CONSERVATION). DETAILS AROUND THIS ADDITIONAL SUPPORTED ORGANIZATION ARE AS FOLLOWS: NAME OF ADDED SUPPORTED ORGANIZATION: BELIZE FUND FOR A SUSTAINABLE FUTURE (BFSF); EIN: 36-5019729. REASON FOR ADDITION: BFSF WAS ADDED AS A SUPPORTED ORGANIZATION AS BIN NEEDED TO BE ABLE TO CARRY ON CONSERVATION WORK WITH A NONPROFIT ORGANIZATION BASED IN BELIZE. THROUGH THE TERMS OF THE DEBT CONVERSION TRANSACTION THAT OCCURRED IN NOVEMBER 2021, THE GOVERNMENT OF BELIZE IS PROVIDING BIN WITH FUNDING FOR MARINE AND COASTAL CONSERVATION FOR BELIZE. THIS FUNDING IS BEING DIRECTED TO BFSF TO ENGAGE IN CONSERVATION AND CLIMATE CHANGE ADAPTATION ACTIVITIES IN BELIZE AS IDENTIFIED AND PRIORITIZED BY RELEVANT STAKEHOLDERS INCLUDING THE GOVERNMENT OF BELIZE. AUTHORITY UNDER ORGANIZING DOCUMENT FOR ADDITION: BIN'S ARTICLES OF INCORPORATION DESIGNATE SUPPORTED ORGANIZATIONS OTHER THAN TNC BY CLASS/PURPOSE AS IT STATES THAT BIN IS "OPERATED EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE PURPOSES OF THE NATURE CONSERVANCY BY FURTHERING ITS MISSION TO CONSERVE THE LANDS AND WATERS ON WHICH ALL LIFE DEPENDS." EXPLANATION OF HOW ADDITION WAS ACCOMPLISHED: BECAUSE OF THE CLASS/PURPOSE DESIGNATION IN BIN'S ARTICLES OF INCORPORATION, NO FORMAL ACTION WAS REQUIRED TO ADD BFSF AS A SUPPORTED ORGANIZATION OF BIN, SINCE BFSF'S CHARITABLE PURPOSE IS FURTHERING CONSERVATION WHICH ALIGNS DIRECTLY WITH THE CHARITABLE PURPOSE OF TNC.
SCHEDULE A, PART IV, SECTION B, LINE 2:	BIN IS ALSO PROVIDING SUPPORT TO ITS SUPPORTED ORGANIZATION, BFSF, THAT DOES NOT PARTICIPATE IN THE CONTROL RELATIONSHIP BETWEEN TNC AND BIN. HOWEVER, THE ACTIVITIES AND CHARITABLE PURPOSE OF BFSF TO FURTHER MARINE AND COASTAL CONSERVATION ALSO CARRIES OUT THE TAX-EXEMPT PURPOSE OF TNC TO CONSERVE THE LANDS AND WATERS ON WHICH ALL LIFE DEPENDS.

Schedule A (Form 990) 2022

Additional Data

Software ID:
Software Version:

- TIN:

Schedule B
(Form 990)

Department of the Treasury
Internal Revenue Service

Schedule of Contributors

Attach to Form 990, 990-EZ, or 990-PF.

Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2022

Name of the organization

BLUE INVESTMENTS FOR NATURE INC

Employer identification number

85-1228166

Organization type (check one):

Filers of:

Section:

Form 990 or 990-EZ

501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization

Form 990-PF

501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation

Check if your organization is covered by the General Rule or a Special Rule.
Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.

General Rule

For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.

Special Rules

For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 33¹/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Don't complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... Arrow Bullet

Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).

For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.

Cat. No. 30613XSchedule B (Form 990) (2022)

Schedule B (Form 990) (2022) Page 2

Name of organization BLUE INVESTMENTS FOR NATURE INC

Part I Contributors	Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
RESTRICTED	,	$ RESTRICTED	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990) (2022)

Schedule B (Form 990) (2022)

Page 3

Name of organization BLUE INVESTMENTS FOR NATURE INC		Employer identification number 85-1228166

Part II	Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
Schedule B (Form 990) (2022)

Schedule B (Form 990) (2022)

Page 4


Name of organization BLUE INVESTMENTS FOR NATURE INC			Employer identification number 85-1228166
Part III Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $ Use duplicate copies of Part III if additional space is needed.

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

Schedule B (Form 990) (2022)

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE F(Form 990)

Department of the Treasury
Internal Revenue Service

Statement of Activities Outside the United States

Complete if the organization answered "Yes" to Form 990, Part IV, line 14b, 15, or 16. Right pointing arrow large image

Attach to Form 990. Right pointing arrow large image

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2022

Open to Public Inspection

Name of the organization
BLUE INVESTMENTS FOR NATURE INC

Employer identification number

85-1228166

Part I

General Information on Activities Outside the United States. Complete if the organization answered "Yes" on Form 990, Part IV, line 14b.

For grantmakers. Does the organization maintain records to substantiate the amount of its grants and

other assistance, the grantees’ eligibility for the grants or assistance, and the selection criteria used

to award the grants or assistance? . . . . . . . . . . . . . . . . . . . . . . . . .

Yes

For grantmakers. Describe in Part V the organization’s procedures for monitoring the use of its grants and other assistance outside the United States.

Activites per Region. (The following Part I, line 3 table can be duplicated if additional space is needed.)

(a) Region		(b) Number of offices in the region	(c) Number of employees, agents, and independent contractors in the region	(d) Activities conducted in region (by type) (such as, fundraising, program services, investments, grants to recipients located in the region)	(f) Total expenditures for and investments in the region
	CENTRAL AMERICA AND THE CARIBBEAN	0	0	GRANTMAKING	5,632,330
















3a	Sub-total ....	0	0		5,632,330
b	Total from continuation sheets to Part I ...	0	0		0
c	Totals (add lines 3a and 3b)	0	0		5,632,330

For Paperwork Reduction Act Notice, see the Instructions for Form 990.Cat. No. 50082W Schedule F (Form 990) 2022

Schedule F (Form 990) 2022

Page 2

Part II

Grants and Other Assistance to Organizations or Entities Outside the United States. Complete if the organization answered "Yes" on Form 990, Part IV, line 15, for any recipient who received more than $5,000. Part II can be duplicated if additional space is needed.

(c) Region	(d) Purpose of grant	(e) Amount of cash grant	(f) Manner of cash disbursement	(g) Amount of noncash assistance
CENTRAL AMERICA AND THE CARIBBEAN	CONSERVATION ACTIVITIES	5,632,330	WIRE	0

2	Enter total number of recipient organizations listed above that are recognized as charities by the foreign country, recognized as tax-exempt by the IRS, or for which the grantee or counsel has provided a section 501(c)(3) equivalency letter .......	1
3	Enter total number of other organizations or entities .......................	0

Schedule F (Form 990) 2022

Schedule F (Form 990) 2022Page 3

Part III

Grants and Other Assistance to Individuals Outside the United States. Complete if the organization answered "Yes" on Form 990, Part IV, line 16.

Part III can be duplicated if additional space is needed.

(a) Type of grant or assistance		(b) Region	(c) Number of recipients	(d) Amount of cash grant	(e) Manner of cash disbursement	(f) Amount of noncash assistance	(g) Description of noncash assistance	(h) Method of valuation (book, FMV, appraisal, other)

Schedule F (Form 990) 2022

Page 4

Part IV

Foreign Forms

Schedule F (Form 990) 2022

Page 5

Part V

Supplemental Information
Provide the information required by Part I, line 2 (monitoring of funds); Part I, line 3, column (f) (accounting method; amounts of investments vs. expenditures per region); Part II, line 1 (accounting method); Part III (accounting method); and Part III, column (c) (estimated number of recipients), as applicable. Also complete this part to provide any additional information. See instructions.

ReturnReference	Explanation
PART I, LINE 2:	TNC HAS AN INTERNAL GRANTS MANUAL WHICH OUTLINES ITS GRANT MANAGEMENT PRACTICES, STAFF RESPONSIBILITIES, AND STANDARD OPERATING PROCEDURES ("SOP") WHICH ALSO APPLIES TO ANY RELATED ENTITIES OF TNC (INCLUDING BIN). THE GUIDANCE IN THE "SUBAWARDS AND GRANTS WITH PUBLIC AND PRIVATE FUNDS" CHAPTER OF THE MANUAL OUTLINES TNC'S MONITORING FRAMEWORK FOR USE OF ALL GRANT FUNDS, INCLUDING GRANTS OUTSIDE THE UNITED STATES. AS A FIRST STEP, TNC CONDUCTS DUE DILIGENCE ON POTENTIAL GRANTEES TO EVALUATE FINANCIAL, ORGANIZATIONAL, AND PROGRAMMATIC CAPACITY TO MANAGE FUNDS. GRANTEES ARE ASSIGNED A RISK RANKING BASED ON THIS EVALUATION, AND THE RISK RANKING AND AMOUNT OF FUNDING PROVIDED TOGETHER DETERMINE THE MONITORING ACTIVITIES FOR THE GRANT. MONITORING ACTIVITIES INCLUDE: (1) REVIEW AND ANALYSIS OF SUBRECIPIENT PROGRAMMATIC/TECHNICAL REPORTS, (2) REVIEW AND ANALYSIS OF SUBRECIPIENT FINANCIAL REPORTS, (3) COLLECTION AND REVIEW OF EXTERNAL AUDIT REPORTS, (4) SITE VISITS, AND (5) DESK REVIEWS. BUSINESS UNIT DIRECTORS, GRANT SPECIALIST AND THE INTERNAL AUDIT DEPARTMENT/SUBRECIPIENT MONITORING UNIT ALL HAVE CLEARLY DEFINED MONITORING RESPONSIBILITIES. SUBRECIPIENTS PROVIDE, AT A MINIMUM, ONE FINAL WRITTEN REPORT, AND FOR SUBAWARDS OF MORE THAN 12 MONTHS, AN ANNUAL REPORT EVERY 12 MONTHS AS WELL AS A FINAL REPORT. TNC DETERMINES THE FREQUENCY OF REPORTING TO ENSURE THAT PROJECT ACTIVITIES ARE ON TRACK, THAT ANY FUNDER REQUIREMENTS ARE MET, IF APPLICABLE, TO ENSURE THAT PROJECT COSTS ARE APPROPRIATE AND DOCUMENTED.
PART III ACCOUNTING METHOD:

Schedule F (Form 990) 2022

Additional Data

Software ID:
Software Version:

- TIN:

Schedule J
(Form 990)

Department of the Treasury
Internal Revenue Service

Compensation Information

For certain Officers, Directors, Trustees, Key Employees, and Highest
Compensated Employees
SchJMediumBullet

Complete if the organization answered "Yes" on Form 990, Part IV, line 23.
SchJMediumBullet

Attach to Form 990.
SchJMediumBullet

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2022

Open to Public Inspection

Name of the organization

BLUE INVESTMENTS FOR NATURE INC

Employer identification number

85-1228166

Part I

Questions Regarding Compensation

Yes

Check the appropiate box(es) if the organization provided any of the following to or for a person listed on Form
990, Part VII, Section A, line 1a. Complete Part III to provide any relevant information regarding these items.

First-class or charter travel Housing allowance or residence for personal use

Travel for companions Payments for business use of personal residence

Tax idemnification and gross-up payments Health or social club dues or initiation fees

Discretionary spending account Personal services (e.g., maid, chauffeur, chef)

If any of the boxes on Line 1a are checked, did the organization follow a written policy regarding payment or reimbursement or provision of all of the expenses described above? If "No," complete Part III to explain .....

Did the organization require substantiation prior to reimbursing or allowing expenses incurred by all
directors, trustees, officers, including the CEO/Executive Director, regarding the items checked on Line 1a? ....

Indicate which, if any, of the following the filing organization used to establish the compensation of the
organization's CEO/Executive Director. Check all that apply. Do not check any boxes for methods
used by a related organization to establish compensation of the CEO/Executive Director, but explain in Part III.

Compensation committee Written employment contract

Independent compensation consultant Compensation survey or study

Form 990 of other organizations Approval by the board or compensation committee

During the year, did any person listed on Form 990, Part VII, Section A, line 1a, with respect to the filing organization or a related organization:

Receive a severance payment or change-of-control payment? .............

Participate in, or receive payment from, a supplemental nonqualified retirement plan? .........

Participate in, or receive payment from, an equity-based compensation arrangement? .........

If "Yes" to any of lines 4a-c, list the persons and provide the applicable amounts for each item in Part III.

Only 501(c)(3), 501(c)(4), and 501(c)(29) organizations must complete lines 5-9.

For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the revenues of:

The organization? ....................

Any related organization? .......................

If "Yes," on line 5a or 5b, describe in Part III.

For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the net earnings of:

The organization? ..................

Any related organization? ......................

If "Yes," on line 6a or 6b, describe in Part III.

For persons listed on Form 990, Part VII, Section A, line 1a, did the organization provide any nonfixed
payments not described in lines 5 and 6? If "Yes," describe in Part III ............

Were any amounts reported on Form 990, Part VII, paid or accured pursuant to a contract that was
subject to the initial contract exception described in Regulations section 53.4958-4(a)(3)? If "Yes," describe
in Part III ..........................

If "Yes" on line 8, did the organization also follow the rebuttable presumption procedure described in Regulations section 53.4958-6(c)? .........................

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 50053T

Schedule J (Form 990) 2022

Page 2

Part II

Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees. Use duplicate copies if additional space is needed.

For each individual whose compensation must be reported on Schedule J, report compensation from the organization on row (i) and from related organizations, described in the
instructions, on row (ii). Do not list any individuals that are not listed on Form 990, Part VII.
Note. The sum of columns (B)(i)-(iii) for each listed individual must equal the total amount of Form 990, Part VII, Section A, line 1a, applicable column (D) and (E) amounts for that individual.

(A) Name and Title		(B) Breakdown of W-2, 1099-MISC compensation, and/or 1099-NEC			(C) Retirement and other deferred compensation	(D) Nontaxable benefits	(E) Total of columns (B)(i)-(D)	(F) Compensation in column (B) reported as deferred on prior Form 990
(A) Name and Title		(i) Base compensation	(ii) Bonus & incentive compensation	(iii) Other reportable compensation	(C) Retirement and other deferred compensation	(D) Nontaxable benefits	(E) Total of columns (B)(i)-(D)
1JEFF SCHUTES TREASURER & DIRECTOR	(i) (ii)	0 ------------- 291,951	0 ------------- 3,500	0 ------------- 8,248	0 ------------- 24,049	0 ------------- 7,413	0 ------------- 335,161	0 ------------- 0
2SVETOSLAV GATCHEV PRESIDENT & DIRECTOR	(i) (ii)	0 ------------- 242,258	0 ------------- 0	0 ------------- 815	0 ------------- 11,182	0 ------------- 18,124	0 ------------- 272,379	0 ------------- 0
3MELISSA GARVEY VP & DIRECTOR	(i) (ii)	0 ------------- 208,870	0 ------------- 7,500	0 ------------- 694	0 ------------- 17,999	0 ------------- 12,277	0 ------------- 247,340	0 ------------- 0
4STEPHEN VALDES-ROBLES FORMER SECRETARY	(i) (ii)	0 ------------- 206,260	0 ------------- 0	0 ------------- 458	0 ------------- 17,445	0 ------------- 20,051	0 ------------- 244,214	0 ------------- 0
5CHARLOTTE KAISER FORMER PRESIDENT	(i) (ii)	0 ------------- 169,436	0 ------------- 0	0 ------------- 15,685	0 ------------- 19,149	0 ------------- 11,132	0 ------------- 215,402	0 ------------- 0

Schedule J (Form 990) 2022

Page 3

Part III

Supplemental Information

Provide the information, explanation, or descriptions required for Part I, lines 1a, 1b, 3, 4a, 4b, 4c, 5a, 5b, 6a, 6b, 7, and 8, and for Part II. Also complete this part for any additional information.

Return Reference	Explanation
SCHEDULE J, PART II	BLUE INVESTMENTS FOR NATURE, INC. (BIN) HAS NO EMPLOYEES OF ITS OWN. ITS OFFICERS RECEIVE COMPENSATION FROM A RELATED ORGANIZATION, THE NATURE CONSERVANCY.

Schedule J (Form 990) 2022

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE O
(Form 990)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
MediumBullet

Attach to Form 990 or 990-EZ.
MediumBullet

Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2021

Open to Public
Inspection

Name of the organization

BLUE INVESTMENTS FOR NATURE INC

Employer identification number

85-1228166

Return Reference	Explanation
FORM 990, PART VI, SECTION A, LINE 6	THE SOLE MEMBER OF THE COMPANY IS THE NATURE CONSERVANCY (TNC), ITS PARENT ORGANIZATION AND SUPPORTED ORGANIZATION.
FORM 990, PART VI, SECTION A, LINE 7A	TNC, THE SOLE MEMBER OF THE COMPANY, HAS THE POWER TO APPOINT, ELECT, AND REMOVE MEMBERS OF THE COMPANY'S GOVERNING BODY.
FORM 990, PART VI, SECTION A, LINE 7B	PER THE BYLAWS OF THE COMPANY, TNC ALSO HAS THE POWER TO ADOPT, AMEND, CHANGE, OR REPEAL THE COMPANY'S BYLAWS AND ARTICLES OF INCORPORATION.
FORM 990, PART VI, SECTION B, LINE 11B	THE FORM 990 IS PREPARED BY COHNREZNICK, BASED ON INTERNAL FINANCIAL STATEMENTS, AND OTHER INTERNALLY GENERATED REPORTS FROM THE SUPPORTED ORGANIZATION, THE NATURE CONSERVANCY (TNC). THE FORM 990 IS REVIEWED BY EMPLOYEES OF TNC AND COPIES ARE PROVIDED TO THE FULL BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS.
FORM 990, PART VI, SECTION B, LINE 12C	BLUE INVESTMENTS FOR NATURE, INC. (BIN) HAS ADOPTED THE CONFLICT OF INTEREST POLICY OF ITS SUPPORTED ORGANIZATION, THE NATURE CONSERVANCY (TNC). PERSONS COVERED BY THE POLICY AND SOP INCLUDE BOARD MEMBERS, KEY EMPLOYEES (INCLUDING OFFICERS), TRUSTEES AND ADVISORS, STAFF, SUBSTANTIAL CONTRIBUTORS, AND FAMILY MEMBERS OF COVERED PERSONS OF THE NATURE CONSERVANCY, AS WELL AS ITS RELATED ENTITIES, INCLUDING BIN. GENERALLY, CONFLICTS CAN ARISE FROM RELATIONSHIPS BETWEEN THE NATURE CONSERVANCY (OR ONE OF ITS RELATED ORGANIZATIONS) AND STAFF, BOARD MEMBERS, TRUSTEES AND ADVISORS, AND THE FAMILIES OF ALL THOSE GROUPS. IF A CONFLICT OF INTEREST OR A PERCEIVED CONFLICT IS IDENTIFIED BEFORE PROCEEDING WITH THE PROPOSED ACTIVITY, REVIEW AND APPROVAL OF TNC'S CONFLICTS COMMITTEE MUST BE OBTAINED. IN GENERAL, THE CONFLICTS COMMITTEE RECOMMENDS A COURSE OF ACTION DESIGNED TO MINIMIZE THE CONFLICT'S POTENTIAL ADVERSE CONSEQUENCES WHICH WOULD INCLUDE RECUSAL OF ANY CONFLICTED PERSON FROM VOTING ON MATTERS IN WHICH THEY HAVE A CONFLICT (FOR DIRECTORS) AND REFRAINING FROM USING TNC RESOURCES FOR ANY PERSONAL GAIN OR TO BENEFIT ANY OTHER ORGANIZATION (IN THE CASE OF STAFF). TNC'S ETHICS AND COMPLIANCE TEAM AND TNC ATTORNEYS MAY BE CONSULTED TO ASSIST IN ANALYZING CONFLICTS AND PROPOSED APPROVALS WITH MITIGATIONS. A. BOARD AND KEY EMPLOYEE CERTIFICATIONS. ALL BIN BOARD MEMBERS AND KEY EMPLOYEES (INCLUDING OFFICERS) ANNUALLY COMPLETE A CONFLICTS OF INTEREST AND AFFILIATIONS DISCLOSURE FORM TO IDENTIFY CONFLICTS AND ENSURE ANY CONFICTS ARE PROPERLY ADDRESSED AND DISCLOSED ON THE 990 WHERE REQUIRED. B. CONFLICTS COMMITTEE REVIEW REQUIRED. THE CONFLICTS COMMITTEE OF THE NATURE CONSERVANCY REVIEWS AND MAKES DETERMINATIONS ABOUT WHETHER THE CONFLICT OF INTEREST CAN BE MITIGATED IF IT CAN NOT BE AVOIDED.
FORM 990, PART VI, SECTION B, LINE 15	BLUE INVESTMENTS FOR NATURE, INC. (BIN) HAS NO EMPLOYEES OF ITS OWN. ITS OFFICERS RECEIVE COMPENSATION FROM A RELATED ORGANIZATION, THE NATURE CONSERVANCY.
FORM 990, PART VI, SECTION C, LINE 19	COPIES OF THE ORGANIZATION'S FORM 990, EXEMPTION APPLICATION, AND ARTICLES OF ORGANIZATION ARE AVAILABLE UPON REQUEST. THEY MAY BE VIEWED EITHER IN PERSON OR COPIES WILL BE MAILED TO THE REQUESTING PERSONS.

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990) 2021

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE R
(Form 990)

Department of the Treasury
Internal Revenue Service

Related Organizations and Unrelated Partnerships

Complete if the organization answered "Yes" on Form 990, Part IV, line 33, 34, 35b, 36, or 37.
MediumBullet

Attach to Form 990.
MediumBullet

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2021

Open to Public Inspection

Name of the organization

BLUE INVESTMENTS FOR NATURE INC

Employer identification number

85-1228166

Part I

Identification of Disregarded Entities. Complete if the organization answered "Yes" on Form 990, Part IV, line 33.

(a) Name, address, and EIN (if applicable) of disregarded entity	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Total income	(e) End-of-year assets	(f) Direct controlling entity
(1) BELIZE BLUE INVESTMENT COMPANY LLC 4245 N FAIRFAX DR STE 100 ARLINGTON,VA22203 86-3372525	CONSERVATION	DE	21,878,972	385,328,807	BLUE INVESTMENTS FOR NATURE INC
(2) BELIZE BLUE CONSERVATION TRUST 4245 N FAIRFAX DR STE 100 ARLINGTON,VA22203	ENDOWMENT	DE	380,091	20,417,787	BELIZE BLUE INVESTMENT COMPANY LLC
(3) GABON BLUE CONSERVATION LLC 4245 N FAIRFAX DR STE 100 ARLINGTON,VA22203	CONSERVATION	DE	0	0	BLUE INVESTMENTS FOR NATURE INC

Part II

Identification of Related Tax-Exempt Organizations. Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related tax-exempt organizations during the tax year.

(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Exempt Code section	(e) Public charity status (if section 501(c)(3))	(f) Direct controlling entity	(g) Section 512(b)(13) controlled entity?
(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Exempt Code section	(e) Public charity status (if section 501(c)(3))	(f) Direct controlling entity	Yes	No
(1)BELIZE MAYA FOREST TRUST NO 13 GARDEN CITY PLAZA MOUNTAIN BELMOPAN CITY,CAYO DISTRICT OF BH	CONSERVATION	BH			THE NATURE CONSERVANCY		No
(2)CONSERVATION FARMS & RANCHES 201 MISSION STREET 4TH FLOOR SAN FRANCISCO,CA94105 27-0038237	CONSERVATION	CA	501(C)(3)	LINE 12A, I	THE NATURE CONSERVANCY		No
(3)ECOLOGICAL TRUST FUND OF PANAMA 4245 N FAIRFAX DRIVE ARLINGTON,VA22203 31-1656561	GRANTMAKING	PM	501(C)(4)		THE NATURE CONSERVANCY		No
(4)FUNDACION THE NATURE CONSERVANCY OF PANAMA CLAYTON CIUDAD DEL SABER CALLE PRIN PM	CONSERVATION	PM			THE NATURE CONSERVANCY		No
(5)LOISABA COMMUNITY TRUST C/O TNC BELLA VILLA BROOKSIDE GROVE NAIROBI KE	CONSERVATION	KE			THE NATURE CONSERVANCY		No
(6)NATURE CONSERVATION WATER FUND PTY LTD 491 SMOLLETT STREET ALBURY NSW 264 AS	CONSERVATION	AS			THE NATURE CONSERVANCY		No
(7)NATURE UNITED 366 ADELAIDE STREET EAST SUITE 331 TORONTO,ONTARIOM5A 3X9 CA	CONSERVATION	CA			THE NATURE CONSERVANCY		No
(8)THE NATURE CONSERVANCY DO BRASIL SIG QUADRA 01 LOTE 985 A 1005 SALA BRASILIA DF,SAO PAULO BR	CONSERVATION	BR			THE NATURE CONSERVANCY		No
(9)THE NATURE CONSERVANCY HONG KONG FOUNDATION LIMITED 2107 PROSPERITY MILLENNIA PLAZA 663 HK	CONSERVATION	HK			THE NATURE CONSERVANCY		No
(10)THE NATURE CONSERVANCY IN EUROPE GEMEINNUTZIGE GMBH SCHIFFBAUERDAMM 8 10117 BERLIN,BERLIN10117 GM	CONSERVATION	GM			THE NATURE CONSERVANCY		No
(11)THE NATURE CONSERVANCY LIMITED (AUSTRALIA) SUITE 201 THE 60 L GREEN BUILDING VICTORIA 3053 AS	CONSERVATION	AS			THE NATURE CONSERVANCY		No
(12)THE NATURE CONSERVANCY OF CALIFORNIA 830 S STREET SACRAMENTO,CA95811 20-5797732	FUNDRAISING	CA	501(C)(3)	LINE 7	THE NATURE CONSERVANCY		No
(13)THE NATURE CONSERVANCY OF SOUTH AFRICA NPC BLOCK J THE TERRACES QUANTUM HOUS CAPE TOWN7975 SF	CONSERVATION	SF			THE NATURE CONSERVANCY		No
(14)THE NATURE CONSERVANCY TRUST SUITE 118 32 SALAMANCA RD CENTRAL WELLINGTO NZ	CONSERVATION	NZ			THE NATURE CONSERVANCY		No
(15)TNC - THE NATURE CONSERVANCY CENTRE A-287 3RD FLOOR DEFENCE COLONY,NEW DELHI IN	CONSERVATION	IN			THE NATURE CONSERVANCY		No
(16)TNC CONSERVACIN DE LA NATURAZALA ASOCIACIN CIVIL RIO SAN ANGEL 9 COLONIA GUADALUPE I MX	CONSERVATION	MX			THE NATURE CONSERVANCY		No
(17)TNC NEW ZEALAND TRUST SUITE 118 32 SALAMANCA RD WELLINGTON NZ	CONSERVATION	NZ			THE NATURE CONSERVANCY		No
(18)YAYASAN KONSERVASI ALAM NUSANTARA GRAHA ISKANDARSYAH 3RD FLOOR JL I JAKARTA ID	CONSERVATION	ID			THE NATURE CONSERVANCY		No
(19)THE NATURE CONSERVANCY 4245 N FAIRFAX DRIVE ARLINGTON,VA22203 53-0242652	CONSERVATION	DC	501(C)(3)	LINE 7	N/A		No
(20)BELIZE FUND FOR A SUSTAINABLE FUTURE GARDEN CITY PLAZA 15 MOUNTAIN VIEW BELMOPAN CITY,CAYO DISTRICT OF BH 36-5019729	CONSERVATION	BH			N/A		No
(21)THE NATURE CONSERVANCY SINGAPORE LIMITED 30 CECIL STREET 19-08 PRUDENTIAL SINGAPORE049712 SN	CONSERVATION	SN			THE NATURE CONSERVANCY		No

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 50135Y

Schedule R (Form 990) 2021

Page 2

Part III

Identification of Related Organizations Taxable as a Partnership. Complete if the organization answered "Yes" on Form 990, Part IV, line 34, because it had one or more related organizations treated as a partnership during the tax year.

(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(f) Share of total income	(g) Share of end-of-year assets	(h) Disproprtionate allocations?		(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	(j) General or managing partner?		(k) Percentage ownership
(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(f) Share of total income	(g) Share of end-of-year assets	Yes	No	(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	Yes	No	(k) Percentage ownership
(1) CUMBERLAND FOREST LP 4245 FAIRFAX DRIVE ARLINGTON,VA22203 83-2851270	CONSERVATION	DE	N/A				No			No
(2) CENTRAL CASCADES FOREST LLC 4245 FAIRFAX DRIVE ARLINGTON,VA22203	CONSERVATION	DE	N/A				No			No
(3) MONTANA CHECKERBOARD LLC 4245 FAIRFAX DRIVE ARLINGTON,VA22203 47-2680137	CONSERVATION	DE	N/A				No			No
(4) AFRICAN CONSERVATION & COMMUNITIES TOURISM FUND LP 6TH FLOOR TOWER A 1 CYBERCITY EBENE 72201 MP 98-1613625	INVESTMENT	MP	N/A				No			No
(5) ALPINE INVESTORS IV-A LP ONE CALIFORNIA STREET SUITE 2900 SAN FRANCISCO,CA94111 81-4707625	INVESTMENT	CA	N/A				No			No

Part IV

Identification of Related Organizations Taxable as a Corporation or Trust. Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related organizations treated as a corporation or trust during the tax year.

(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(e) Type of entity (C corp, S corp, or trust)	(f) Share of total income	(g) Share of end-of-year assets	(h) Percentage ownership	(i) Section 512(b)(13) controlled entity?
(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(e) Type of entity (C corp, S corp, or trust)	(f) Share of total income	(g) Share of end-of-year assets	(h) Percentage ownership	Yes	No
(1) MONTARK INC 1185 AVENUE OF THE AMERICAS NEW YORK,NY10036 13-3386301	CONSERVATION	NY	N/A	C					No
(2) THE NATURE CONSERVANCY OF NEW MEXICO 212 E MARCY STREET SANTA FE,NM87501 91-1841899	CONSERVATION	NM	N/A	C					No
(3) COLCHECCIO LIMITED PO BOX 19738 00100 GPO NAIROBI KE	CONSERVATION	KE	N/A	C					No
(4) ORYX LIMITED PO BOX 19738 00100 GPO NAIROBI KE	MANAGEMENT COMPANY	KE	N/A	C					No
(5) TNC SUSTAINABLE WATER HOLDINGS INC 4245 NORTH FAIRFAX DRIVE SUITE 100 ARLINGTON,VA22203 83-3122109	INVESTMENT	DE	N/A	C					No
(6) TNC IMPACT HOLDINGS ONE INC 4245 N FAIRFAX DRIVE SUITE 100 ARLINGTON,VA22203 85-1292458	INVESTMENT	VA	N/A	C					No
(7) FIDEICOMISO FORTIN CHACABUCO EL OASIS 94 SAN MARTIN DE LOS ANDES,NEUQUEN AR	CONSERVATION	AR	N/A	C					No
(8) FORTIN SA PARQUE NACIONAL LANIN 1071 LOS COHIUESSAN CARLOS DE BARILOCHE,RIO NEGRO AR	CONSERVATION	AR	N/A	C					No
(9) NATURE CONSERVANCY INDIA SOLUTIONS PRIVATE LIMITED A 287 3RD FLOOR DEFENCE COLONY,NEW DELHI IN	CONSERVATION	IN	N/A	C					No
(10) PT PUTRI NAGA KOMODO JI PURA SEGARA PELABUHAN RAYA BEN DENPASAR,BALI80222 ID	CONSERVATION	ID	N/A	C					No
(11) TNC IMPACT CAPITAL INC 4245 N FAIRFAX DRIVE SUITE 100 ARLINGTON,VA22203 47-5621249	CONSERVATION	DE	N/A	C					No
(12) PACIFIC ISLAND TUNA IMPORTS LTD 13645 HOLLY OAK WAY POWAY,CA92064 86-1948822	MANAGEMENT COMPANY	CA	N/A	C					No
(13) PACIFIC ISLAND TUNA PROVISIONS LLC MI MARINE RESOURCES AUTHORITY PO BO MAJURO,MH96960 98-1670470	TUNA PRODUCTION	MH	N/A	C					No
(14) TNC REAL ASSETS HOLDINGS LLC 4245 NORTH FAIRFAX DRIVE SUITE 100 ARLINGTON,VA22203 88-2818272	INVESTMENT	VA	N/A	C					No
(15) GLENNMONT REBS EUROPE FEEDER FUND I SCSP 412F ROUTE DESCH LUXEMBOURG LU	INVESTMENT	LU	N/A	C					No
(16) BARBADOS BLUE CONSERVATION TRUST 4245 N FAIRFAX DRIVE SUITE 100 ARLINGTON,VA22203 99-6409588	ENDOWMENT	DE	N/A	T					No
(17) PT ALAM BENTALA NUSANTARA GRAHA ISKANDARSYAH 3RD FLOOR JL I JAKARTA ID	FOREST CONCESSION	ID	N/A	C					No
(18) PT HUTAN KELAY LESTARI GRAHA ISKANDARSYAH 3RD FLOOR JL I JAKARTA ID	FOREST CONCESSION	ID	N/A	C					No
(19) PT WANA BHAKTI PERSADA UTAMA GRAHA ISKANDARSYAH 3RD FLOOR JL I JAKARTA ID	FOREST CONCESSION	ID	N/A	C					No

Schedule R (Form 990) 2021

Page 3

Part V

Transactions With Related Organizations. Complete if the organization answered "Yes" on Form 990, Part IV, line 34, 35b, or 36.

Note. Complete line 1 if any entity is listed in Parts II, III, or IV of this schedule.

Yes

1 During the tax year, did the orgranization engage in any of the following transactions with one or more related organizations listed in Parts II-IV?

a Receipt of (i) interest, (ii) annuities, (iii) royalties, or (iv) rent from a controlled entity .....................

b Gift, grant, or capital contribution to related organization(s) ............................

Yes

c Gift, grant, or capital contribution from related organization(s) ............................

Yes

d Loans or loan guarantees to or for related organization(s) ............................

e Loans or loan guarantees by related organization(s) ............................

f Dividends from related organization(s) ............................

g Sale of assets to related organization(s) ............................

h Purchase of assets from related organization(s) ............................

i Exchange of assets with related organization(s) ............................

j Lease of facilities, equipment, or other assets to related organization(s) .......................

k Lease of facilities, equipment, or other assets from related organization(s) ......................

l Performance of services or membership or fundraising solicitations for related organization(s) .....................

m Performance of services or membership or fundraising solicitations by related organization(s) .................

Yes

n Sharing of facilities, equipment, mailing lists, or other assets with related organization(s) ...................

Yes

o Sharing of paid employees with related organization(s) ............................

Yes

p Reimbursement paid to related organization(s) for expenses ............................

Yes

q Reimbursement paid by related organization(s) for expenses ............................

Yes

r Other transfer of cash or property to related organization(s) ............................

Yes

s Other transfer of cash or property from related organization(s) ............................

Yes

If the answer to any of the above is "Yes," see the instructions for information on who must complete this line, including covered relationships and transaction thresholds.

(a) Name of related organization	(b) Transaction type (a-s)	(c) Amount involved	(d) Method of determining amount involved

Schedule R (Form 990) 2021

Page 4

Part VI

Unrelated Organizations Taxable as a Partnership. Complete if the organization answered "Yes" on Form 990, Part IV, line 37.

Provide the following information for each entity taxed as a partnership through which the organization conducted more than five percent of its activities (measured by total assets or gross revenue) that was not a related organization. See instructions regarding exclusion for certain investment partnerships.

(a) Name, address, and EIN of entity	(b) Primary activity	(c) Legal domicile (state or foreign country)	(e) Are all partners section 501(c)(3) organizations?		(f) Share of total income	(g) Share of end-of-year assets	(h) Disproprtionate allocations?		(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	(j) General or managing partner?		(k) Percentage ownership
(a) Name, address, and EIN of entity	(b) Primary activity	(c) Legal domicile (state or foreign country)	Yes	No	(f) Share of total income	(g) Share of end-of-year assets	Yes	No	(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	Yes	No	(k) Percentage ownership

Schedule R (Form 990) 2021

Page 5

Part VII

Supplemental Information

Provide additional information for responses to questions on Schedule R. See instructions.

Return Reference	Explanation

Schedule R (Form 990) 2021

Additional Data

Software ID:
Software Version:

1	Briefly describe the organization’s mission or most significant activities: TO SUPPORT THE NATURE CONSERVANCY (TNC) BY FURTHERING TNC'S CONSERVATION MISSION.
2	Check this box
3	Number of voting members of the governing body (Part VI, line 1a) ........	3	3
4	Number of independent voting members of the governing body (Part VI, line 1b) .....	4	0
5	Total number of individuals employed in calendar year 2021 (Part V, line 2a) ......	5	0
6	Total number of volunteers (estimate if necessary) .............	6	0
7a	Total unrelated business revenue from Part VIII, column (C), line 12 ........	7a	0
b	Net unrelated business taxable income from Form 990-T, Part I, line 11 .........	7b	0

		Prior Year	Current Year
8	Contributions and grants (Part VIII, line 1h) .........	77,818,097	11,763,872
9	Program service revenue (Part VIII, line 2g) .........	0	17,822,248
10	Investment income (Part VIII, column (A), lines 3, 4, and 7d ) ....	2,093,942	380,091
11	Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e)	272,294	297,852
12	Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)	80,184,333	30,264,063
13	Grants and similar amounts paid (Part IX, column (A), lines 1–3 )...	0	5,632,330
14	Benefits paid to or for members (Part IX, column (A), line 4).....	0	0
15	Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10)	0	0
16a	Professional fundraising fees (Part IX, column (A), line 11e) .....	0	0
b	Total fundraising expenses (Part IX, column (D), line 25) 0
17	Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e)....	5,360,105	17,104,062
18	Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25)	5,360,105	22,736,392
19	Revenue less expenses. Subtract line 18 from line 12.......	74,824,228	7,527,671
		Beginning of Current Year	End of Year
20	Total assets (Part X, line 16).............	438,289,508	451,128,627
21	Total liabilities (Part X, line 26).............	375,547,878	376,408,426
22	Net assets or fund balances. Subtract line 21 from line 20.....	62,741,630	74,720,201

Sign Here

	Signature of officer	Date

	Type or print name and title


4a	(Code: ) (Expenses $ 22,139,542 including grants of $ 5,632,330 ) (Revenue $ 17,822,248 )
	BLUE INVESTMENTS FOR NATURE, INC. (BIN) SUPPORTS TNC THROUGH ENTERING INTO FINANCIAL AND CONSERVATION AGREEMENTS WITH OTHER NATIONS AND NON-PROFITS.BIN ENTERED INTO A DEBT CONVERSION TRANSACTION WITH THE GOVERNMENT OF BELIZE ON NOVEMBER 14, 2021. AS PART OF THE TRANSACTION, BELIZE RETIRED EXISTING DEBT WITH NEW DEBT PROVIDED BY A DISREGARDED ENTITY OF BIN. AS PART OF THE TRANSACTION, BELIZE COMMITTED TO A NUMBER OF ENVIRONMENTAL AND FINANCING COMMITMENTS TO SUPPORT MARINE CONSERVATION AND PROTECTING AND MANAGING BELIZE'S ENVIRONMENTALLY SENSITIVE AREAS. THROUGH THIS PROJECT, BIN IS SUPPORTING BELIZE'S CONSERVATION OF OCEAN BIDOVERSITY PROTECTION ZONES, DESIGNATING PUBLIC LANDS WITH THE BELIZE BARRIER REEF RESERVE SYSTEM AS MANGROVE RESERVES, DEVELOPING INTEGRATED COASTAL ZONE MANAGEMENT PLANS, AND MORE. BIN IS ABLE TO SUPPORT THE CONSERVATION OF BELIZE THROUGH MAKING GRANTS TO THE BELIZE FUND FOR A SUSTAINABLE FUTURE, A NONPROFIT BELIZEAN CONSERVATION TRUST FUND. ADDITIONALLY, BIN MANAGES AN ACCOUNT OF INVESTMENTS, THE PRINCIPAL AND EARNINGS OF WHICH WILL BE DISTRIBUTED FOR CONSERVATION PURPOSES IN BELIZE.

4b	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )












4c	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )












4d	Other program services (Describe in Schedule O.)
	(Expenses $ including grants of $ ) (Revenue $ )
4e	Total program service expenses22,139,542

(A) Name and title	(B) Average hours per week (list any hours for related organizations below dotted line)	(C) Position (do not check more than one box, unless person is both an officer and a director/trustee)			(D) Reportable compensation from the organization (W-2/1099-MISC/1099-NEC)	(E) Reportable compensation from related organizations (W-2/1099-MISC/1099-NEC)	(F) Estimated amount of other compensation from the organization and related organizations
(A) Name and title
(1) JEFF SCHUTES...................................................................... TREASURER & DIRECTOR	1.00 ................. 35.00	X	X		0	303,699	31,462
(2) MELISSA GARVEY...................................................................... VP & DIRECTOR	1.00 ................. 35.00	X	X		0	217,064	30,276
(3) SVETOSLAV GATCHEV...................................................................... PRESIDENT & DIRECTOR	1.00 ................. 35.00	X	X		0	243,073	29,306
(4) LEAH CARRIERE...................................................................... SECRETARY	1.00 ................. 35.00		X		0	104,303	16,546
(5) CHARLOTTE KAISER...................................................................... FORMER PRESIDENT	0.00 ................. 0.00			X	0	185,121	30,281
(6) STEPHEN VALDES-ROBLES...................................................................... FORMER SECRETARY	0.00 ................. 35.00			X	0	206,718	37,496

1b	Sub-Total................
c	Total from continuation sheets to Part VII, Section A....
d	Total (add lines 1b and 1c)...........	0	1,259,978	175,367

(A) Name and business address	(B) Description of services	(C) Compensation





2 Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization 0

1a	Federated campaigns..		1a
b	Membership dues..		1b
c	Fundraising events..		1c
d	Related organizations		1d	8,005,000
e	Government grants (contributions)		1e	3,758,872

f	All other contributions, gifts, grants, and similar amounts not included above		1f

g	Noncash contributions included in lines 1a - 1f:$		1g

h Total. Add lines 1a-1f.......		11,763,872

		Business Code
2a	INTEREST ON RECEIVABLES	523000	17,274,265	17,274,265
b	BLUE LOAN ADMIN FEES	523000	547,983	547,983
c
d
e
f	All other program service revenue.
g	Total. Add lines 2a–2f .....		17,822,248

3 Investment income (including dividends, interest, and othersimilar amounts) ......			485,458			485,458
4 Income from investment of tax-exempt bond proceeds
5 Royalties...........
		(ii) Personal	(i) Real
6a	Gross rents			6a
b	Less: rental expenses			6b
c	Rental income or (loss)			6c
d	Net rental income or (loss).......
		(ii) Other	(i) Securities
7a	Gross amount from sales of assets other than inventory		2,681,369	7a
b	Less: cost or other basis and sales expenses		2,786,736	7b
c	Gain or (loss)		-105,367	7c
d	Net gain or (loss).........			-105,367			-105,367
8a	Gross income from fundraising events (not including $ of contributions reported on line 1c). See Part IV, line 18 ....
			8a
b	Less: direct expenses ...		8b
c	Net income or (loss) from fundraising events..
9a	Gross income from gaming activities. See Part IV, line 19 ...
			9a
b	Less: direct expenses ...		9b
c	Net income or (loss) from gaming activities..
10a	Gross sales of inventory, less returns and allowances ..
			10a
b	Less: cost of goods sold ..		10b
c	Net income or (loss) from sales of inventory..
Business Code			Miscellaneous Revenue
11a	REIMBURSEMENT INSURANCE INCOME		900099	297,852			297,852
b
c
d	All other revenue ....
e	Total. Add lines 11a–11d ......			297,852
12	Total revenue. See instructions.....			30,264,063	17,822,248	0	677,943

1	Grants and other assistance to domestic organizations and domestic governments. See Part IV, line 21 ....
2	Grants and other assistance to domestic individuals. See Part IV, line 22 ...........
3	Grants and other assistance to foreign organizations, foreign governments, and foreign individuals. See Part IV, lines 15 and 16. .............	5,632,330	5,632,330
4	Benefits paid to or for members .......
5	Compensation of current officers, directors, trustees, and key employees ...........
6	Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) .........
7	Other salaries and wages........
8	Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) ....
9	Other employee benefits .......
10	Payroll taxes ...........
11	Fees for services (non-employees):
a	Management ......	534,570		534,570
b	Legal .........
c	Accounting ...........	2,100		2,100
d	Lobbying ...........
e	Professional fundraising services. See Part IV, line 17
f	Investment management fees ......	40,950		40,950
g	Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O)	3,199		3,199
12	Advertising and promotion ....
13	Office expenses .......
14	Information technology ......
15	Royalties ..
16	Occupancy ...........
17	Travel ............
18	Payments of travel or entertainment expenses for any federal, state, or local public officials .
19	Conferences, conventions, and meetings ....
20	Interest ...........	9,658,133	9,658,133
21	Payments to affiliates .......
22	Depreciation, depletion, and amortization ..
23	Insurance ...	6,732,922	6,732,922
24	Other expenses. Itemize expenses not covered above (List miscellaneous expenses in line 24e. If line 24e amount exceeds 10% of line 25, column (A) amount, list line 24e expenses on Schedule O.)
a	DEBT/LENDING SERV FEES	116,149	116,149
b	DUES, FEES, LICENSES	15,162		15,162
c	BANK & CREDIT CARD FEES	877	8	869
d
e	All other expenses
25	Total functional expenses. Add lines 1 through 24e	22,736,392	22,139,542	596,850	0
26	Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here if following SOP 98-2 (ASC 958-720).

1	Cash–non-interest-bearing ........		2,091,609	1	252,256
2	Savings and temporary cash investments .........			2
3	Pledges and grants receivable, net ......			3
4	Accounts receivable, net .............		2,153,667	4	2,156,086
5	Loans and other receivables from any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .......
				5
6	Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), and persons described in section 4958(c)(3)(B) ...
				6
7	Notes and loans receivable, net ...........		364,000,000	7	364,000,000
8	Inventories for sale or use ............			8
9	Prepaid expenses and deferred charges ......		6,413,458	9	19,075,244
10a	Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D	10a
b	Less: accumulated depreciation	10b		10c
11	Investments—publicly traded securities .		63,630,774	11	65,645,041
12	Investments—other securities. See Part IV, line 11 .....			12
13	Investments—program-related. See Part IV, line 11 ..			13
14	Intangible assets ...............			14
15	Other assets. See Part IV, line 11 ...........			15
16	Total assets. Add lines 1 through 15 (must equal line 33)...		438,289,508	16	451,128,627

17	Accounts payable and accrued expenses .....	1,037,878	17	12,408,426
18	Grants payable ...		18
19	Deferred revenue .........		19
20	Tax-exempt bond liabilities .........		20
21	Escrow or custodial account liability. Complete Part IV of Schedule D		21
22	Loans and other payables to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .........
			22
23	Secured mortgages and notes payable to unrelated third parties ..		23
24	Unsecured notes and loans payable to unrelated third parties ..	364,000,000	24	364,000,000
25	Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17 - 24). Complete Part X of Schedule D	10,510,000	25	0
26	Total liabilities. Add lines 17 through 25..	375,547,878	26	376,408,426

	Organizations that follow FASB ASC 958, check here and complete lines 27, 28, 32, and 33.
27	Net assets without donor restrictions ..........	-8,753,894	27	-6,244,154
28	Net assets with donor restrictions ...........	71,495,524	28	80,964,355
	Organizations that do not follow FASB ASC 958, check here and complete lines 29 through 33.
29	Capital stock or trust principal, or current funds .....		29
30	Paid-in or capital surplus, or land, building or equipment fund ...		30
31	Retained earnings, endowment, accumulated income, or other funds		31
32	Total net assets or fund balances ...........	62,741,630	32	74,720,201
33	Total liabilities and net assets/fund balances ........	438,289,508	33	451,128,627

1	Was the organization a U.S. transferor of property to a foreign corporation during the tax year? If "Yes," the organization may be required to file Form 926, Return by a U.S. Transferor of Property to a Foreign Corporation (see Instructions for Form 926). . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	Yes	No
2	Did the organization have an interest in a foreign trust during the tax year? If "Yes," the organization may be required to separately file Form 3520, Annual Return to Report Transactions with Foreign Trusts and Receipt of Certain Foreign Gifts, and/or Form 3520-A, Annual Information Return of Foreign Trust With a U.S. Owner (see Instructions for Forms 3520 and 3520-A; don't file with Form 990). . . . . . . . . . . . . . . . . . . . . . . .	Yes	No
3	Did the organization have an ownership interest in a foreign corporation during the tax year? If "Yes," the organization may be required to file Form 5471, Information Return of U.S. Persons with Respect to Certain Foreign Corporations. (see Instructions for Form 5471). . . . . . . . . . . . . . . . . . . . . . . . . . . .	Yes	No
4	Was the organization a direct or indirect shareholder of a passive foreign investment company or a qualified electing fund during the tax year? If “Yes,” the organization may be required to file Form 8621, Information Return by a Shareholder of a Passive Foreign Investment Company or Qualified Electing Fund. (see Instructions for Form 8621) .	Yes	No
5	Did the organization have an ownership interest in a foreign partnership during the tax year? If "Yes," the organization may be required to file Form 8865, Return of U.S. Persons with Respect to Certain Foreign Partnerships (see Instructions for Form 8865). . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	Yes	No
6	Did the organization have any operations in or related to any boycotting countries during the tax year? If "Yes," the organization may be required to separately file Form 5713, International Boycott Report (see Instructions for Form 5713; don't file with Form 990).. . . . . . . . . . . . . . . . . . . . . . . . . . . .	Yes	No