Coastal Land Trust Inc
- Assets
- $6.7m
- Revenue
- $21.4k
- Investments
- $500.0k
- Employees
- 0
- Location
- Fairhope, AL
- Founding
- 01/2015
- Data as of
- 12/2021
- EIN
- 63-0849774
Organization Overview
Coastal Land Trust Inc is located in Fairhope, AL. The organization was established in 2015. According to its NTEE Classification (T23) the organization is classified as: Private Operating Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Coastal Land 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, Coastal Land Trust Inc generated $21.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (17.3%) each year. All expenses for the organization totaled $70.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (15.9%) per year over the past 4 years. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALL ACTIVITIES ARE RELATED TO THE BASIC PURPOSE OF CONSERVING OUR NATURAL LAND AREAS AND WILDLIFE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Chason Director | 10 | $45,826 | |
Palmer Whiting Director | 0 | $0 | |
Arthur C Tonsmeire III Director | 2 | $0 | |
J William Goodloe III Director | 0 | $0 | |
Ray Herndon Jr Director | 0 | $0 | |
Winthrop M Hallett Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $18,510 |
| Dividends & Interest | $350 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,528 |
| Total Revenue | $21,388 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $45,826 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,257 |
| Depreciation | $227 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,629 |
| Total operating and administrative expenses | $68,039 |
| Contributions, gifts, grants paid | $2,500 |
| Total expenses and disbursements | $70,539 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,289,995 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $1,756 |
| Other assets | $1,858,560 |
| Total assets | $6,650,311 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Coastal Land Trust Inc has recieved totaling $3,000.
| Awarding Organization | Amount |
|---|---|
Ruda Foundation Inc Falls Church, VA PURPOSE: LAND PROTECTION WITHIN MOBILE/TENSAW DELTA | $3,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Elevate Prize Foundation Inc Miami, FL | $25,599,159 | $21,836,715 |
Desai Sethi Foundation Inc miami, FL | $167,397,052 | $1,318,684 |
Mceachern Endowment Fund Inc Powder Springs, GA | $13,981,287 | $6,848,994 |
Malone Family Land Preservation Foundation Hobe Sound, FL | $131,481,954 | $946,463 |
Pebble Hill Foundation Inc Thomasville, GA | $45,568,261 | $2,596,354 |
Worthington Scholarship Foundation Naples, FL | $12,065,797 | $5,368,981 |
The Switzer Family Foundation Inc St Petersburg, FL | $0 | $574,920 |
Bangladesh American Society Of Muslim Aid For Humanity Inc Boca Raton, FL | $701,948 | $2,077,483 |
Elling O Eide Charitable Foundation Inc Sarasota, FL | $66,382,103 | $1,556,208 |
Institute For The Advancement Of Minority Health Madison, MS | $471,724 | $1,858,283 |
Paul Millsap Foundation Corp Atlanta, GA | $74,268 | $1,325,506 |
Purvis Grange Foundation Inc Vicksburg, MS | $22,570,376 | $2,355,706 |