Cove Point Natural Heritage Trust Inc
- Assets
- $5.2m
- Revenue
- $963.4k
- Investments
- $2.9m
- Employees
- 0
- Location
- Lusby, MD
- Founding
- 10/1995
- Data as of
- 12/2022
- EIN
- 52-1910341
Organization Overview
Cove Point Natural Heritage Trust Inc is located in Lusby, MD. The organization was established in 1995. According to its NTEE Classification (C34) the organization is classified as: Land Resources Conservation, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cove Point Natural Heritage Trust 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 12/2022, Cove Point Natural Heritage Trust Inc generated $963.4k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 18.6% each year . All expenses for the organization totaled $357.3k during the year ending 12/2022. While expenses have increased by 9.4% per year over the past 4 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRESERVATION AND PROTECTION: PAYMENTS FOR RESEARCH CONTRACTS AND EXPENSES ASSOCIATED WITH MAINTAINING THE PROPERTIES OWNED BY COVE POINT FOR PRESERVATION OF LAND & ENVIRONMENT.
ADMINISTRATIVE EXPENSES PAID IN ORDER TO REACH GOALS AND PURPOSE OF ORGANIZATION
EDUCATION OF COMMUNITY RELATED TO PRESERVATION OF LAND AND THE ENVIRONMENT
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Gardner President | 0 | $0 | |
Mike Rudy Trustee | 0 | $0 | |
Karen Meadow Trustee | 0 | $0 | |
Gary Ressing Treasurer | 0 | $0 | |
Robert Boxwell Business Mgr. | 40 | $59,668 | |
Frank Brayton Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $905,327 |
| Interest on Savings | $0 |
| Dividends & Interest | $45,829 |
| Net Rental Income | $1,905 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $517,096 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $162 |
| Total Revenue | $963,418 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $59,668 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $30,559 |
| Taxes | $13,457 |
| Depreciation | $11,618 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,153 |
| Printing and publications | $0 |
| Other expenses | $190,384 |
| Total operating and administrative expenses | $344,836 |
| Contributions, gifts, grants paid | $12,500 |
| Total expenses and disbursements | $357,336 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,119,741 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,269 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,855,963 |
| Net Land, buildings, and equipment | $937,660 |
| Other assets | $314,585 |
| Total assets | $5,229,218 |
| Accounts payable and accrued expenses | $8,944 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $8,944 |
Grants Awarded
Over the last fiscal year, Cove Point Natural Heritage Trust Inc has awarded $12,500 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
KIWANIS CLUB OF WALDORF PURPOSE: CHARITABLE | $200 |
ST MARY'S SOIL CONSERVATION DISTRICT PURPOSE: ENVIRONMENTAL | $100 |
ST MARY'S RIVER WATERSHED ASSOCIATION INC PURPOSE: ENVIRONMENTAL | $7,500 |
BRENT STUERY PURPOSE: ENVIRONMENTAL | $2,200 |
COLLEGE OF SOUTHER MARYLAND FOUNDATION PURPOSE: EDUCATION | $2,500 |