Mainspring Conservation Trust Inc

Organization Overview

Mainspring Conservation Trust Inc is located in Franklin, NC. The organization was established in 1999. 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, Mainspring Conservation Trust Inc employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mainspring Conservation 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 12/2021, Mainspring Conservation Trust Inc generated $8.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 22.1% each year . All expenses for the organization totaled $4.8m during the year ending 12/2021. While expenses have increased by 20.8% 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.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

LOCATED IN THE HEART OF THE SOUTHERN BLUE RIDGE, THE MISSION OF MAINSPRING CONSERVATION TRUST IS TO CONSERVE THE WATERS, FORESTS, FARMS AND HERITAGE OF THE UPPER LITTLE TENNESSEE AND HIWASSEE RIVER VALLEYS.

Describe the Organization's Program Activity:

IN 2021, MAINSPRING CONSERVED 1,200 ACRES IN 11 TRANSACTIONS, INCLUDING FIVE NEW CONSERVATION EASEMENTS. MAINSPRING ALSO PLACED RESTRICTIONS ON TWO PROPERTIES TO LIMIT DEVELOPMENT RIGHTS, THEN DIVESTED THEM TO CONSERVATION BUYERS. MAINSPRING ACQUIRED SEVEN PROPERTIES IN MACON AND JACKSON COUNTIES, INCLUDING ONE PROPERTY PURCHASED THROUGH FUNDING FROM A NORTH CAROLINA LAND AND WATER FUND GRANT. MAINSPRING ALSO RECEIVED A DONATION OF 325 ACRES OF FORESTED LAND IN MACON COUNTY ON ONION MOUNTAIN. MAINSPRING CONSERVED MORE THAN 340 ACRES OF PRIME FARMLAND ON THE VALLEY RIVER IN CHEROKEE COUNTY, UTILIZING GRANTS FROM THE AGRICULTURAL DEVELOPMENT AND FARMLAND PRESERVATION TRUST FUND, AS WELL AS THE NATURAL RESOURCES CONSERVATION SERVICES AGRICULTURAL LANDS EASEMENT PROGRAM. MAINSPRING CONTINUED TO MONITOR 81 CONSERVATION EASEMENTS TOTALING 13,300 ACRES AND 20 FEE PROPERTIES TOTALING 1,869 ACRES. VOLUNTEERS CONTRIBUTED MORE THAN 469 HOURS TO HELP IMPROVE THE LANDSCAPE THROUGH HABITAT MANAGEMENT AND RECREATIONAL IMPROVEMENTS.


RESTORATION: AS PART OF MAINSPRING'S RESTORATION PROGRAM, MAINSPRING IMPROVED 1,600 FEET OF STREAMBANK BY PLANTING TREES AND PERMITTED CONSTRUCTION. BEYOND STABILIZING STREAMBANKS BY LIMITING EROSION, THESE SHRUBS AND TREES WILL BUFFER STREAM TEMPERATURES DURING WARM MONTHS, PROVIDE A SOURCE OF FOOD AND HABITAT TO FISH AND OTHER AQUATIC ORGANISMS, AND SOAK UP EXCESS NUTRIENTS FROM THE LAND. MAINSPRING ALSO HELD 43 EVENTS AROUND WATER TARGETED TO YOUTH EDUCATION, CITIZEN SCIENCE, AND/OR COMMUNITY ENGAGEMENT. THESE EVENTS INCLUDED FOUR TRASH PICKUPS, 27 FISH BIOMONITORING SURVEYS, AND 8 SNORKELING EVENTS.


CULTURAL HERITAGE: MAINSPRING CONTINUED ITS EFFORTS TO CONSERVE SIGNIFICANT CULTURAL HERITAGE AREAS AND TO FACILITATE ENHANCED MANAGEMENT AND NON-INVASIVE RESEARCH TO BETTER UNDERSTAND THESE RESOURCES. THROUGH PARTNERSHIP WITH THE EASTERN BAND OF CHEROKEE INDIANS, WESTERN CAROLINA UNIVERSITY, THE CHEROKEE PRESERVATION FOUNDATION, THE NC TRAIL OF TEARS ASSOCIATION, AND OTHERS WORK CONTINUES TO IDENTIFY CULTURALLY-SIGNIFICANT UNPROTECTED SITES AND ENSURE THEY ARE CONSERVED.


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Board, Officers & Key Employees

Name (title)Compensation
Jordan Smith
Executive Director
$76,774
Jason Love
Chair
$0
David Adams
Vice Chair
$0
James Stork
Secretary
$0
Rita Salain
Treasurer
$0
Connie Haire
Immediate Past Chair
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $2,598,316
All other contributions, gifts, grants, and similar amounts not included above$5,354,136
Noncash contributions included in lines 1a–1f $899,158
Total Revenue from Contributions, Gifts, Grants & Similar$7,952,452
Total Program Service Revenue$25,340
Investment income $31,903
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $16,515
Net Gain/Loss on Asset Sales $64,858
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $8,106,773

Grants Recieved

Over the last fiscal year, we have identified 11 grants that Mainspring Conservation Trust Inc has recieved totaling $2,840,235.

Awarding OrganizationAmount
Foundation For The Carolinas

Charlotte, NC

PURPOSE: CHARITABLE GIFT

$2,725,540
Network For Good Inc

Washington, DC

PURPOSE: UNRESTRICTED

$35,310
Conservation Trust For North Carolina

Raleigh, NC

PURPOSE: Assistance with transaction costs and land acquisition costs on land with high conservation values.

$17,500
$15,000
Appalachian Trail Conservancy

Harpers Ferry, WV

PURPOSE: WILD EAST GRANT (CAPACITY BUILDING)

$15,000
$10,500
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$1,296,302
Earnings$169,645
Admin Expense$12,052
Net Contributions$37,175
Other Expense$27,337
Ending Balance$1,463,733

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