Little Traverse Conservancy Inc
- Assets
- $131.1m
- Revenue
- $9.6m
- Investments
- $101.5k
- Employees
- 21
- Location
- Harbor Springs, MI
- Founding
- 05/1974
- Data as of
- 12/2021
- EIN
- 23-7267810
Organization Overview
Little Traverse Conservancy Inc is located in Harbor Springs, MI. The organization was established in 1974. According to its NTEE Classification (C34) the organization is classified as: Land Resources Conservation, under the broad grouping of Environment and related organizations. As of 12/2021, Little Traverse Conservancy Inc employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Little Traverse Conservancy Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Little Traverse Conservancy Inc generated $9.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.9% each year . All expenses for the organization totaled $2.0m during the year ending 12/2021. While expenses have increased by 4.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
LAND PROTECTION AND PRESERVATION IN MICHIGAN.
Describe the Organization's Program Activity:
TO MANAGE AND STEWARD PROTECTED LANDS AND PROVIDE PUBLIC ACCESS OPPORTUNITIES.
ACQUISITION AND PRESERVATION OF LAND AND SCENIC AREAS IN NORTHERN MICHIGAN.
TO PROVIDE ENVIRONMENTAL EDUCATION PROGRAMS TO CHILDREN AND ADULTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kieran Fleming Executive Dir. | Officer | 40 | $113,000 |
Ty Ratliff Associate Director | 40 | $93,000 | |
Thomas Lagerstrom Chief Financial Officer | 32 | $67,750 | |
Joseph Kimmell Chair | OfficerTrustee | 2 | $0 |
Cedric Richner Vice-Chair | OfficerTrustee | 1 | $0 |
Karie Slavik Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,201,601 |
| Fundraising events | $152,936 |
| Related organizations | $0 |
| Government grants | $1,000,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,952,890 |
| Noncash contributions included in lines 1a–1f | $902,350 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,307,427 |
| Total Program Service Revenue | $0 |
| Investment income | $358,483 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,837 |
| Net Gain/Loss on Asset Sales | -$20,108 |
| Net Income from Fundraising Events | -$10,757 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,637,882 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $273,750 |
| Compensation of current officers, directors, key employees. | $71,425 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $695,006 |
| Pension plan accruals and contributions | $73,359 |
| Other employee benefits | $169,957 |
| Payroll taxes | $73,994 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $35,341 |
| Fees for services: Accounting | $15,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $82,976 |
| Office expenses | $40,479 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $34,218 |
| Travel | $56,824 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,976 |
| Interest | $38,528 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $62,770 |
| Insurance | $42,129 |
| All other expenses | $16,338 |
| Total functional expenses | $1,964,908 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,135 |
| Savings and temporary cash investments | $5,250,940 |
| Pledges and grants receivable | $120,000 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $517,910 |
| Prepaid expenses and deferred charges | $193,152 |
| Net Land, buildings, and equipment | $2,170,758 |
| Investments—publicly traded securities | $18,716,372 |
| Investments—other securities | $101,452 |
| Investments—program-related | $0 |
| Intangible assets | $6,074 |
| Other assets | $103,979,243 |
| Total assets | $131,058,036 |
| Accounts payable and accrued expenses | $74,906 |
| Grants payable | $0 |
| Deferred revenue | $235,716 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $918,532 |
| Other liabilities | $0 |
| Total liabilities | $1,229,154 |
| Net assets without donor restrictions | $7,659,990 |
| Net assets with donor restrictions | $122,168,892 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $131,058,036 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Little Traverse Conservancy Inc has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Baiardi Family Foundation Inc Harbor Springs, MI PURPOSE: PURCHASE LAND 5 MILE CREEK AREA | $15,000 |
Baiardi Family Foundation Inc Harbor Springs, MI PURPOSE: SAVE THE TREES | $10,000 |
Endowment Analysis
| Beg. Balance | $17,138,511 |
| Earnings | $2,598,290 |
| Net Contributions | $1,304,604 |
| Other Expense | $606,383 |
| Ending Balance | $20,435,022 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Western Reserve Land Conservancy Moreland Hills, OH | $30,804,258 | $21,482,529 |
Grand Traverse Regional Land Conservancy Traverse City, MI | $83,640,436 | $14,843,118 |
Leelanau Conservancy Leland, MI | $37,540,108 | $6,574,386 |
Tall Pines Conservancy Inc Nashotah, WI | $2,243,899 | $2,340,562 |
Little Traverse Conservancy Inc Harbor Springs, MI | $131,058,036 | $9,637,882 |
Legacy Land Conservancy Ann Arbor, MI | $8,848,888 | $2,512,327 |
Green Umbrella Cincinnati, OH | $7,040,647 | $6,122,711 |
Southwest Michigan Land Conservancy Inc Galesburg, MI | $30,119,950 | $2,633,609 |
Prairie Enthusiasts Inc Viroqua, WI | $12,506,035 | $2,620,729 |
Acres Inc Huntertown, IN | $33,175,317 | $1,636,200 |
Door County Land Trust Inc Sturgeon Bay, WI | $36,318,691 | $4,027,675 |
Ozaukee Washington Land Trust Inc West Bend, WI | $22,989,724 | $5,053,891 |