Leelanau Conservancy
- Assets
- $37.5m
- Revenue
- $6.6m
- Investments
- $352.7k
- Employees
- 18
- Location
- Leland, MI
- Founding
- 01/1988
- Data as of
- 12/2021
- EIN
- 38-2710855
Organization Overview
Leelanau Conservancy is located in Leland, MI. The organization was established in 1988. 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, Leelanau Conservancy employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Leelanau Conservancy 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, Leelanau Conservancy generated $6.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $3.8m during the year ending 12/2021. While expenses have increased by 0.4% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO CONSERVE THE LAND, WATER, AND SCENIC CHARACTER OF LEELANAU COUNTY, MICHIGAN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2021, THE CONSERVANCY COMPLETED EIGHT LAND PROTECTION PROJECTS PROTECTING AN ADDITIONAL 474 ACRES. INCLUDED WERE: (1) COMPLETION OF ONE FARMLAND PROTECTION PROJECT PROTECTING 90 ACRES IN KASSON TOWNSHIP, (2) COMPLETION OF ONE FARMLAND PROTECTION PROJECT PROTECTING 107 ACRES IN SUTTONS BAY TOWNSHIP, (3) COMPLETION OF ONE FARMLAND PROTECTION PROJECT PROTECTING 78 ACRES IN EMPIRE TOWNSHIP, (4) COMPLETION OF ONE LAND CONSERVATION EASEMENT PROJECT PROTECTING 34.7 ACRES IN LEELAND TOWNSHIP, (5) COMPLETION OF ONE CONSERVATION EASEMENT PROJECT PROTECTING 56 ACRES IN SUTTONS BAY TOWNSHIP, (6) COMPLETION OF ONE CONSERVATION EASEMENT PROJECT PROTECTING 110 ACRES IN BINGHAM TOWNSHIP, (7) COMPLETION OF ONE LAND PROTECTION PROJECT PROTECTING 22 ACRES IN EMPIRE TOWNSHIP AND (8) COMPLETION OF ONE LAND PROTECTION PROJECT PROTECTING 19 ACRES IN LEELAND TOWNSHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Nelson Executive Director | Officer | 40 | $115,594 |
Kathleen Birney Finance Director | Officer | 40 | $84,707 |
Kathy Garthe Director/vice President | OfficerTrustee | 2 | $0 |
Jim Nugent Chairman | OfficerTrustee | 2 | $0 |
Amy Tennis Director/president | OfficerTrustee | 2 | $0 |
William Witler Director/treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $782,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,693,336 |
| Noncash contributions included in lines 1a–1f | $1,521,332 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,475,836 |
| Total Program Service Revenue | $26,182 |
| Investment income | $257,683 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $826,824 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,574,386 |
| 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. | $202,000 |
| Compensation of current officers, directors, key employees. | $29,250 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $785,037 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $213,758 |
| Payroll taxes | $73,814 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,015 |
| Fees for services: Accounting | $22,706 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $49,471 |
| Fees for services: Other | $103,550 |
| Advertising and promotion | $0 |
| Office expenses | $21,474 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,729 |
| Travel | $5,434 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $31,964 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $115,216 |
| Insurance | $34,988 |
| All other expenses | $157,384 |
| Total functional expenses | $3,813,088 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $267,844 |
| Pledges and grants receivable | $1,388,890 |
| Accounts receivable, net | $43,761 |
| 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 | $24,038 |
| Net Land, buildings, and equipment | $18,142,311 |
| Investments—publicly traded securities | $16,390,373 |
| Investments—other securities | $352,700 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $930,191 |
| Total assets | $37,540,108 |
| Accounts payable and accrued expenses | $128,895 |
| 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 | $1,907,770 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $133,672 |
| Total liabilities | $2,170,337 |
| Net assets without donor restrictions | $15,175,048 |
| Net assets with donor restrictions | $20,194,723 |
| 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 | $37,540,108 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Leelanau Conservancy has recieved totaling $1,006,800.
| Awarding Organization | Amount |
|---|---|
Barton J Ingraham & Gail G Ingraham Foundation Williamsburg, MI PURPOSE: PRESERVATION OF FARMLAND | $1,000,000 |
Red Oak Foundation Inc Florence, WI PURPOSE: PUBLIC CHARITY | $3,000 |
Mcshane Family Foundation Naples, FL PURPOSE: GENERAL UNRESTRICTED | $2,000 |
Stricof Family Foundation Ann Arbor, MI PURPOSE: LAND CONSERVATION | $1,000 |
Harveys Foundation Traverse City, MI PURPOSE: GENERAL | $500 |
Read Family Charitable Fund Bloomfield Hills, MI PURPOSE: CHARITABLE | $200 |
Endowment Analysis
| Beg. Balance | $8,764,483 |
| Earnings | $1,194,830 |
| Admin Expense | $23,702 |
| Net Contributions | $445,230 |
| Other Expense | $266,000 |
| Ending Balance | $10,114,841 |
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 |