Property and Environment Research Center
Perc is dedicated to advancing conservation through markets, incentives, property rights, and partnerships.
Property and Environment Research Center at a glance
In short: Property and Environment Research Center gave $361K across 8 grants in 2025 (avg $45K), mostly in Montana. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $361,269
- +221.1% vs 2024
- Grants made (2025)
- 8
- +60.0% vs 2024
- Average grant
- $45,159
- +100.7% vs 2024
- Median grant
- $41,025
- Total assets
- $13,988,068
- +12.7% vs 2024
- Primary geography
- Montana (58% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who Property and Environment Research Center funds
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2025
The largest 2025 recipient was The Nature Conservancy ($115K). Together the top 8 received $361K.
Grant Size Distribution
14 grants across all recorded years
The most common grant size was under $50K: 9 grants of 14 (64%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 8 itemized grants.
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2023 to 2025, annual grant giving ranged from $12K (2023) to $361K (2025). In 2025 it made 8 grants totaling $361K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| The Nature Conservancy Helena, MT | Outreach | $115,000 |
| The Box X LLC Alzada, MT | Outreach | $85,000 |
| University of WY Foundation Laramie, WY | Conservation and Research | $62,055 |
| E Spear Ranch Riverton, WY | Outreach | $58,275 |
| Pitchfork Ranch LLC Meeteetse, WY | Outreach | $23,775 |
| Eagle Rock Ranch LLC Jefferson, CO | Outreach | $6,000 |
| Huttinger Building & Fencing Wilsall, MT | Outreach | $5,864 |
| Emigrant Peak Ranch Pray, MT | Outreach | $5,300 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $13,988,068 | $7,979,856 | $6,411,792 | $361,269 | 8 | $368,882 |
| 2024 | $12,414,838 | $6,780,569 | $4,424,844 | $112,500 | 5 | $353,409 |
| 2023 | $9,955,082 | $5,931,884 | $3,486,180 | $12,000 | 1 | $184,713 |
| 2022 | $7,401,797 | $5,005,952 | $3,218,065 | — | — | $16,925 |
| 2021 | $5,605,118 | $3,023,252 | $2,791,179 | — | — | $3,258 |
| 2020 | $5,357,950 | $2,460,721 | $2,489,292 | — | — | $18,120 |
| 2019 | $5,359,794 | $2,960,738 | $2,707,254 | — | — | $33,578 |
About Property and Environment Research Center
Based on IRS filings
Property and Environment Research Center is a public charity focused on public and societal benefit, based in Bozeman, MT. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $14.0M in total assets. In 2025, it awarded 8 grants totaling $361K. Net investment income was $369K.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Property and Environment Research Center is led by Brian Yablonski, CEO since 2020 (on filings since 2019); 9 of 24 officers listed in 2025 are compensated.
Officers on the 2025 filing
Brian Yablonski
CEO
Executive Director → CEO, 2020
On filings since 2019
40 hrs/week
$275K (2019) → $417K (2025)
Loren Bough
Chair
Chairman → Chair, 2025
On filings since 2019
1 hr/week
No compensation reported
Hannah Downey
Policy Director
On filings since 2024
40 hrs/week
$118K (2024) → $145K (2025)
Sarah Lutiger
Director of Op.
On filings since 2024
40 hrs/week
$101K (2024) → $111K (2025)
Travis Brammer
Director of Conservati
On filings since 2024
40 hrs/week
$100K (2024) → $110K (2025)
Adam Putnam
Director
On filings since 2019
1 hr/week
No compensation reported
Henry N. Butler
Director
Director → Secretary, 2020
Secretary → Director, 2022
On filings since 2019
1 hr/week
No compensation reported
Kimberly Dennis
Director
On filings since 2019
1 hr/week
No compensation reported
Kristina Kendall
Director
Director → Treasurer, 2020
Treasurer → Director, 2025
On filings since 2019
1 hr/week
No compensation reported
Reginald Brown
Director
On filings since 2019
1 hr/week
No compensation reported
Robert Clement
Director
Vice Chairman → Director, 2020
On filings since 2019
1 hr/week
No compensation reported
Brad Levine
Director
On filings since 2021
1 hr/week
No compensation reported
Christopher Costello
Director
On filings since 2021
1 hr/week
No compensation reported
Isabel Behncke
Director
On filings since 2023
1 hr/week
No compensation reported
Will Price
Director
On filings since 2024
1 hr/week
No compensation reported
Robert Bonnie
Director
New on the 2025 filing
1 hr/week
No compensation reported
Rupert Munro
COO
Vice President of Development → COO, 2021
On filings since 2019
40 hrs/week
$108K (2019) → $244K (2025)
Shawn Regan
Vice President of Research
On filings since 2021
40 hrs/week
$109K (2021) → $147K (2025)
John Wlezien
Vice President of Marketing
On filings since 2022
40 hrs/week
$135K (2022) → $175K (2025)
Jonathan Wood
Vice President of Law & Policy
On filings since 2022
40 hrs/week
$200K (2022) → $215K (2025)
Dylan Paul Soares
Conservation Counsel
New on the 2025 filing
40 hrs/week
$109K (2025)
Gary Rieschel
Vice Chair
Treasurer → Vice Chairman, 2020
Vice Chairman → Vice Chair, 2025
On filings since 2019
1 hr/week
No compensation reported
James Huffman
Secretary
Director → Secretary, 2022
On filings since 2019
1 hr/week
No compensation reported
Kc Walsh
Treasurer
Director → Treasurer, 2025
On filings since 2019
1 hr/week
No compensation reported
Former officers (8)
- Former: Chris Wright (2019–2024) — Director
- Former: Kameran Onley (2019–2023) — Director
- Former: Tim Sheehy (2022–2023) — Director
- Former: Chris Corr (2019–2022) — Director
- Former: Isabel Behncke Izquierdo (2022) — Director
- Former: Deborah Donner (2019) — Secretary
- Former: Martin Hostettler (2019) — Director
- Former: Rankin Smith Jr. (2019) — Director
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $417K, to Brian Yablonski (CEO). 9 officers or directors reported compensation on that filing.
Frequently asked questions about Property and Environment Research Center
How much does Property and Environment Research Center give each year?
Property and Environment Research Center gave $361K across 8 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $113K across 5 grants.
What is Property and Environment Research Center's typical grant size?
Property and Environment Research Center's median grant in 2025 was $41,025, and its average grant was $45,159, across 8 grants on its 2025 IRS Form 990.
Where does Property and Environment Research Center give grants?
Property and Environment Research Center gives mostly in Montana: 58% of the grant dollars itemized on its 2025 IRS Form 990 went to recipients there. The next largest state was Wyoming (40%).
Does Property and Environment Research Center give general operating support?
Not in 2025: none of the 8 grants with a stated purpose on Property and Environment Research Center's 2025 IRS Form 990 were described as general or operating support. Recurring purposes include "Outreach" (7 grants).
Who are Property and Environment Research Center's largest grantees?
Property and Environment Research Center's largest 2025 grantees include The Nature Conservancy ($115,000), The Box X LLC ($85,000) and University of WY Foundation ($62,055), according to its 2025 IRS Form 990. Together they received 73% of its itemized 2025 grant dollars.
How large is Property and Environment Research Center?
Property and Environment Research Center reported $14.0M in total assets on its 2025 IRS Form 990. Its revenue that year was $8.0M.
What is Property and Environment Research Center?
Property and Environment Research Center is a public charity focused on public and societal benefit, based in Bozeman, MT. It holds $14.0M in total assets as of 2025.
What is Property and Environment Research Center's EIN?
Property and Environment Research Center's EIN (Employer Identification Number) is 81-0393444. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(4)
When this profile's IRS filing data changed on Grantable
- Added Form 990 for fiscal year 2019 (received by the IRS April 15, 2020)
- Updated Form 990 for fiscal year 2023 (received by the IRS April 4, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS April 14, 2025)
- Added Form 990 for fiscal year 2025 (received by the IRS April 28, 2026)
Live grants for the work Property and Environment Research Center funds
Public, Societal Benefit Open opportunities, soonest deadline first.
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Browse active grant opportunities in Property and Environment Research Center's focus areas in our free grants database
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Property and Environment Research Center down — hundreds of funders to go?