Acres Inc
- Assets
- $33.2m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 15
- Location
- Huntertown, IN
- Founding
- 08/1961
- Data as of
- 06/2022
- EIN
- 31-0976955
Organization Overview
Acres Inc, operating under the name ACRES and ACRES Land Trust, is located in Huntertown, IN. The organization was established in 1961. 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 06/2022, ACRES and ACRES Land Trust employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. ACRES and ACRES Land Trust 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 06/2022, ACRES and ACRES Land Trust generated $1.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.9%) each year. All expenses for the organization totaled $1.1m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ACRES LAND TRUST OWNS AND PROTECTS NATURAL AND WORKING LANDS, INSPIRING PEOPLE TO VALUE, APPRECIATE AND SUPPORT THESE PLACES FOR THE BENEFIT OF ALL -- TODAY AND FOREVER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STEWARDSHIP ACRES LAND TRUST PROTECTS AND MANAGES MORE THAN 7,300 ACRES. THIS STEWARDSHIP WORK INCLUDES ACTIVITIES SUCH AS INVASIVE SPECIES CONTROL, REFORESTATION, WETLAND CREATION, SPECIALIZED HABITAT RESTORATION, TRAIL MAINTENANCE, PLANT INVENTORIES, MARKING AND ENFORCING BOUNDARIES AND SCIENTIFIC RESEARCH.
OUTREACH ACRES LAND TRUST INSPIRES PEOPLE TO SUPPORT ITS MISSION THROUGH A WIDE VARIETY OF EVENTS, OUTINGS, PRESENTATIONS, BOOTHS, ITS SEASONAL PUBLICATION, SOCIAL MEDIA, TRAIL SYSTEMS AND ITS VOLUNTEER PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason Kissel Executive Director | Officer | 40 | $108,922 |
Veronica Mertz Director - Treasurer | OfficerTrustee | 1 | $0 |
Dawn Ritchie Director - President | OfficerTrustee | 1 | $0 |
Wayne Shive Director - V. President | OfficerTrustee | 1 | $0 |
Mark Maffey Director - Secretary | OfficerTrustee | 1 | $0 |
Joe Conrad Director - V. President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,327,376 |
| Noncash contributions included in lines 1a–1f | $479,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,327,376 |
| Total Program Service Revenue | $168,479 |
| Investment income | $86,196 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $52,810 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,339 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,636,200 |
| 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. | $139,025 |
| Compensation of current officers, directors, key employees. | $6,951 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $384,457 |
| Pension plan accruals and contributions | $9,049 |
| Other employee benefits | $81,437 |
| Payroll taxes | $36,423 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,793 |
| Fees for services: Accounting | $6,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $35,792 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,611 |
| Office expenses | $48,868 |
| Information technology | $1,536 |
| Royalties | $0 |
| Occupancy | $27,481 |
| Travel | $2,208 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $92,595 |
| Insurance | $57,343 |
| All other expenses | $16,106 |
| Total functional expenses | $1,130,743 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $364,710 |
| Savings and temporary cash investments | $1,254,752 |
| Pledges and grants receivable | $42,675 |
| Accounts receivable, net | $5,417 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $27,038,976 |
| Investments—publicly traded securities | $4,468,787 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $33,175,317 |
| Accounts payable and accrued expenses | $95,380 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $95,380 |
| Net assets without donor restrictions | $6,705,689 |
| Net assets with donor restrictions | $26,374,248 |
| 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 | $33,175,317 |
Grants Recieved
Over the last fiscal year, we have identified 17 grants that Acres Inc has recieved totaling $177,426.
| Awarding Organization | Amount |
|---|---|
Silicon Valley Community Foundation Mountain View, CA PURPOSE: Environment | $120,345 |
Community Foundation Of Greater Fort Wayne Inc Fort Wayne, IN PURPOSE: CHARITABLE SUPPORT | $21,431 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $8,674 |
Fort Wayne Zoological Society Inc Fort Wayne, IN PURPOSE: CONSERVATION PROGRAM | $7,500 |
Jack A Ewing Test Tr Fort Wayne, IN PURPOSE: CHARITABLE CONTRIBUTION | $6,000 |
Nisource Charitable Foundation Columbus, OH PURPOSE: CORPORATE DONATION | $5,000 |
Endowment Analysis
| Beg. Balance | $887,195 |
| Earnings | -$133,796 |
| Admin Expense | $11,451 |
| Net Contributions | $13,550 |
| Ending Balance | $755,498 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Openlands Chicago, IL | $37,602,836 | $9,254,791 |
Conservation Foundation Naperville, IL | $10,642,016 | $3,351,729 |
Tall Pines Conservancy Inc Nashotah, WI | $2,243,899 | $2,340,562 |
Lake Forest Open Lands Association Lake Forest, IL | $65,831,069 | $6,633,518 |
Ll Foundation Keytesville, MO | $2,819,800 | $2,090,334 |
Jo Daviess Conservation Foundation Inc Elizabeth, IL | $13,683,840 | $1,728,367 |
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 |
Central Indiana Land Trust Incorporated Indianapolis, IN | $29,163,187 | $2,880,551 |
Bluegrass Conservancy Inc Lexington, KY | $3,752,784 | $961,276 |