Headwaters Land Conservancy
- Assets
- $2.0m
- Revenue
- $514.9k
- Investments
- $777.0
- Employees
- 5
- Location
- Gaylord, MI
- Founding
- 06/1994
- Data as of
- 12/2021
- EIN
- 38-3183846
Organization Overview
Headwaters Land Conservancy is located in Gaylord, MI. The organization was established in 1994. 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, Headwaters Land Conservancy employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Headwaters Land 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, Headwaters Land Conservancy generated $514.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.2% each year . All expenses for the organization totaled $273.3k during the year ending 12/2021. While expenses have increased by 5.6% 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 PROTECT THE NATURAL DIVERSITY AND BEAUTY OF NORTHEAST MICHIGAN BY PRESERVING SIGNIFICANT LAND AND SCENIC AREAS AND FOSTERING APPRECIATION AND UNDERSTANDING OF THE ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HEADWATERS LAND CONSERVANCY MONITORED THE 90 CONSERVATION EASEMENTS AND 6 NATURE PRESERVES WE HOLD IN OUR 11 COUNTY SERVICE AREA OF NORTHEAST MICHIGAN. THESE PROPERTIES PROTECT OVER 12,000 ACRES OF LAND AND 37 MILES OF WATERFRONT. IN MANY CASES, WE WORKED WITH THE PROPERTY OWNERS TO EDUCATE AND ENCOURAGE RESPONSIBLE STEWARDSHIP.
THE CONSERVANCY HELD A LIMITED NUMBER OF EVENTS DUE TO COVID-19. EVENTS FOCUSED ON EDUCATING THE PUBLIC ABOUT THE ENVIRONMENT AND THE IMPORTANCE OF PROTECTING NATURAL LAND. SEVERAL SITE VISITS TO HIGH PRIORITY PARCELS WERE ALSO COMPLETED IN 2021, WHICH WE HOPE WILL LEAD TO PERMANENT LAND PROTECTION IN THE FUTURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie Rubsam Executive Director | Trustee | 40 | $4,125 |
James Supina Chairperson | Officer | 2 | $0 |
Robert Smith Treasurer | Officer | 2 | $0 |
Martha Eberly Secretary | Officer | 2 | $0 |
William Anderson Member | Officer | 2 | $0 |
John Dallas Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $36,480 |
| All other contributions, gifts, grants, and similar amounts not included above | $369,182 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $405,662 |
| Total Program Service Revenue | $0 |
| Investment income | $23,231 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $86,020 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $514,913 |
| 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. | $4,125 |
| Compensation of current officers, directors, key employees. | $1,237 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $180,669 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $20,697 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,879 |
| Fees for services: Other | $85 |
| Advertising and promotion | $304 |
| Office expenses | $4,125 |
| Information technology | $2,591 |
| Royalties | $0 |
| Occupancy | $2,675 |
| Travel | $9,049 |
| 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 | $3,839 |
| Insurance | $5,286 |
| All other expenses | $4,885 |
| Total functional expenses | $273,324 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $187,486 |
| Savings and temporary cash investments | $966,052 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $844,846 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $777 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,999,161 |
| Accounts payable and accrued expenses | $17,635 |
| 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 | $17,635 |
| Net assets without donor restrictions | $962,598 |
| Net assets with donor restrictions | $1,018,928 |
| 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 | $1,999,161 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Headwaters Land Conservancy has recieved totaling $4,000.
| Awarding Organization | Amount |
|---|---|
First Federal Community Foundation Alpena, MI PURPOSE: NATURE CLEAN UP/TRAILS | $4,000 |
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 |