Spring Island Tr
- Assets
- $7.6m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 11
- Location
- Okatie, SC
- Founding
- 03/2016
- Data as of
- 12/2021
- EIN
- 57-0905093
Organization Overview
Spring Island Tr is located in Okatie, SC. The organization was established in 2016. According to its NTEE Classification (C30) the organization is classified as: Natural Resources Conservation & Protection, under the broad grouping of Environment and related organizations. As of 12/2021, Spring Island Tr employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Spring Island Tr 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, Spring Island Tr generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.6% each year . All expenses for the organization totaled $1.4m during the year ending 12/2021. While expenses have increased by 12.0% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO INSURE PRESERVATION AND PROTECTION OF THE ISLAND'S ENVIRONMENT AND CULTURAL HISTORY.
Describe the Organization's Program Activity:
HABITAT IMPROVEMENTS EXPENSES/NATURE PRESERVE - PRESERVATION OF AN ENVIRONMENTAL CONSERVATORY INCLUDING RARE ANIMAL SPECIES AND ECOSYSTEMS - EDUCATE SPRING ISLAND RESIDENTS TO BE WISE ENVIRONMENTAL STEWARDS OF THEIR PROPERTIES AND SUPPORT SCIENTIFIC RESEARCH THAT LEADS TO MORE EFFECTIVE HABITAT MANAGEMENT ON SPRING ISLAND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Marsh Executive Director | Officer | 40 | $142,831 |
Gaylynn Golden Secretary | Officer | 1 | $0 |
Charles Kalmbach Treasurer | Officer | 1 | $0 |
David Rich Chairman | Officer | 5 | $0 |
Sally Swift Vice-Chairman | Officer | 1 | $0 |
Dean Harrigal Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,181,618 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,181,618 |
| Total Program Service Revenue | $79,229 |
| Investment income | $53,213 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $103,463 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,989,085 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $75,119 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $665,482 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $66,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $225,076 |
| Advertising and promotion | $0 |
| Office expenses | $95,520 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,017 |
| Travel | $1,458 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $37,361 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $61,611 |
| Insurance | $48,682 |
| All other expenses | $4,826 |
| Total functional expenses | $1,405,153 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,916,221 |
| Savings and temporary cash investments | $0 |
| 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 | $12,098 |
| Net Land, buildings, and equipment | $918,960 |
| Investments—publicly traded securities | $4,757,247 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,604,526 |
| Accounts payable and accrued expenses | $83,831 |
| 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 | $57,900 |
| Total liabilities | $141,731 |
| Net assets without donor restrictions | $7,382,795 |
| Net assets with donor restrictions | $80,000 |
| 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 | $7,604,526 |
Grants Awarded
Over the last fiscal year, Spring Island Tr has awarded $75,119 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF SOUTH CAROLINA PURPOSE: PROGRAMS | $40,000 |
SC DNR MARINE RESOURCES PURPOSE: PROGRAMS | $25,119 |
Clemson, SC PURPOSE: PROGRAMS | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Spring Island Tr has recieved totaling $81,700.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: ENVIRONMENTAL AND ANIMALS | $33,250 |
Ayco Charitable Foundation Cohoes, NY PURPOSE: ENVIRONMENT & ANIMAL PROTECTION | $19,500 |
Amg Charitable Gift Foundation Greenwood Village, CO PURPOSE: PUBLIC ASSISTANCE | $10,000 |
Wyoming Community Foundation Laramie, WY PURPOSE: Environment and Animals | $10,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $8,950 |
Endowment Analysis
| Earnings | $213,825 |
| Net Contributions | $1,668,433 |
| Ending Balance | $1,882,258 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Soil Health Institute Morrisville, NC | $10,639,315 | $15,101,825 |
North Carolina Coastal Federation Inc Newport, NC | $41,804,340 | $11,179,036 |
National Wild Turkey Federation Inc Edgefield, SC | $3,313,525 | $6,209,354 |
Grandfather Mountain Stewardship Foundation Inc Linville, NC | $32,676,057 | $11,793,646 |
Cfa Interpretive Association Pisgah Forest, NC | $3,211,221 | $4,721,958 |
North Carolina League Of Conservation Voters Foundation Inc Raleigh, NC | $5,304,233 | $5,284,799 |
Appalachian Voices Boone, NC | $4,277,764 | $3,834,032 |
Southern Conservation Trust Inc Fayetteville, GA | $28,472,286 | $75,606 |
Okefenokee Swamp Park Inc Waycross, GA | $1,326,346 | $1,814,142 |
Central Park Nc Star, NC | $6,130,359 | $2,029,343 |
North Carolina League Of Conservation Voters Inc Raleigh, NC | $1,293,062 | $2,090,553 |
Georgia Organics Inc Atlanta, GA | $2,512,323 | $2,070,436 |