Foothills Conservancy Of North Carolina Inc
- Assets
- $24.2m
- Revenue
- $6.7m
- Investments
- $3.9m
- Employees
- 11
- Location
- Morganton, NC
- Founding
- 03/1996
- Data as of
- 12/2021
- EIN
- 56-1947390
Organization Overview
Foothills Conservancy Of North Carolina Inc is located in Morganton, NC. The organization was established in 1996. 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, Foothills Conservancy Of North Carolina Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foothills Conservancy Of North Carolina 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, Foothills Conservancy Of North Carolina Inc generated $6.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $1.3m during the year ending 12/2021. 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
A REGIONAL LAND TRUST DEDICATED TO PRESERVING AND PROTECTING IMPORTANT NATURAL RESOURCES OF THE FOOTHILLS REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO WORK COOPERATIVELY WITH LANDOWNERS AND PUBLIC AND PRIVATE CONSERVATION PARTNERS TO PRESERVE AND PROTECT IMPORTANT NATURAL AREAS AND OPEN SPACES OF THE FOOTHILLS REGION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Kota Executive Director | Officer | 40 | $101,826 |
Ann Costello Secretary | OfficerTrustee | 2 | $0 |
Martha Whitfield Chairman | OfficerTrustee | 2 | $0 |
Sallie Craig Treasurer | OfficerTrustee | 2 | $0 |
Robin Brackett Vice-Chair | OfficerTrustee | 2 | $0 |
Jim Sain Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $193,326 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,406,822 |
| Noncash contributions included in lines 1a–1f | $3,969,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,600,148 |
| Total Program Service Revenue | $0 |
| Investment income | $283,149 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$302,585 |
| Net Income from Fundraising Events | $108,060 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,688,772 |
| 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. | $101,826 |
| Compensation of current officers, directors, key employees. | $20,365 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $314,343 |
| Pension plan accruals and contributions | $28,190 |
| Other employee benefits | $42,270 |
| Payroll taxes | $31,302 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $39,494 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $43,281 |
| Advertising and promotion | $0 |
| Office expenses | $34,334 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,656 |
| Travel | $1,717 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,076 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $30,139 |
| Insurance | $9,480 |
| All other expenses | $39,920 |
| Total functional expenses | $1,305,657 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,777,237 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $18,090 |
| 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 | $18,519,130 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $3,890,489 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,679 |
| Total assets | $24,208,625 |
| Accounts payable and accrued expenses | $18,376 |
| 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 | $1,000 |
| Total liabilities | $19,376 |
| Net assets without donor restrictions | $23,140,796 |
| Net assets with donor restrictions | $1,048,453 |
| 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 | $24,208,625 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Foothills Conservancy Of North Carolina Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
The Wilson Family Foundation High Point, NC PURPOSE: CHARITABLE CONTRIBUTION | $10,000 |
Endowment Analysis
| Beg. Balance | $3,476,474 |
| Earnings | $439,731 |
| Admin Expense | $28,420 |
| Net Contributions | $93,510 |
| Grants | $90,806 |
| Ending Balance | $3,890,489 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United States Endowment Forforestry And Communities Inc Greenville, SC | $281,516,467 | $12,302,581 |
Volgenau Foundation Mclean, VA | $0 | $62,996,362 |
Beaufort County Open Land Trust Inc Beaufort, SC | $14,492,807 | $10,201,216 |
Southern Appalachian Highlands Conservancy Asheville, NC | $74,900,022 | $12,655,425 |
Piedmont Environmental Council Warrenton, VA | $11,176,423 | $6,128,085 |
Ward Burton Wild Life Foundation Halifax, VA | $25,797,227 | $8,618,554 |
Mainspring Conservation Trust Inc Franklin, NC | $16,628,331 | $8,106,773 |
Conserving Carolina Hendersonville, NC | $28,294,759 | $6,454,871 |
Blue Ridge Conservancy Boone, NC | $19,039,159 | $5,980,472 |
North Carolina Coastal Land Trust Wilmington, NC | $57,014,249 | $7,074,843 |
Three Rivers Land Trust Inc Salisbury, NC | $28,118,166 | $3,204,068 |
Lowcountry Land Trust Inc Charleston, SC | $27,548,419 | $2,955,338 |