Southport Conservancy Inc
- Assets
- $1.3m
- Revenue
- $53.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Southport, CT
- Founding
- 01/1983
- Data as of
- 12/2022
- EIN
- 06-1057342
Organization Overview
Southport Conservancy Inc is located in Southport, CT. The organization was established in 1983. According to its NTEE Classification (A99) the organization is classified as: Arts, Culture & Humanities N.E.C., under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southport Conservancy 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, Southport Conservancy Inc generated $53.3k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $49.7k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE SOUTHPORT CONSERVANCY IS DEDICATED TO PRESERVING AND RESTORING UNIQUE AND HISTORICAL BUILDINGS AND PROPERTY OF THE SOUTHPORT COMMUNITY THAT MIGHT BE OTHERWISE LOST FOREVER. FORM 990 PART III, 4A-4C PROVIDES DETAIL AS TO HOW THE CONSERVANCY ACHIEVES ITS MISSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ONGOING COSTS TO PRESERVE THE UNIQUE AND HISTORIC BUILDINGS AND PROPERTIES IN THE VILLAGE OF SOUTHPORT, CONNECTICUT.
BLESSING OF THE FLEET PARADE. PARADE COINCIDES WITH ANNUAL CEREMONY AT LOWER WHARF PROPERTY IN HISTORIC DISTRICT
QUARTERLY NEWSLETTER. EDITORIALS PROVIDE HISTORY OF THE LAND, HOMES AND PEOPLE OF THE VILLAGE OF SOUTHPORT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Svensk Chairman And Director | OfficerTrustee | 10 | $0 |
Andy Papadatos Treasurer And Director | OfficerTrustee | 10 | $0 |
Eric Sundman President And Director | OfficerTrustee | 10 | $0 |
Suzanne Burchill Director | Trustee | 10 | $0 |
George Clark Director | Trustee | 10 | $0 |
Jack Franzen Director | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $10,074 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $36,848 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $46,922 |
| Total Program Service Revenue | $0 |
| Investment income | $6,167 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $211 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $53,300 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| 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 | $4,206 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,522 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,132 |
| Insurance | $5,068 |
| All other expenses | $50 |
| Total functional expenses | $49,724 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $58,588 |
| Savings and temporary cash investments | $1,000 |
| 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 | $11,544 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $789,776 |
| Investments—publicly traded securities | $415,918 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,276,826 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $1,275,826 |
| Net assets with donor restrictions | $1,000 |
| 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 | $1,276,826 |
Grants Awarded
Over the last fiscal year, Southport Conservancy Inc has awarded $36,335 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
FRIENDS OF SOUTHPORT PARK PURPOSE: LAND CONSERVATION AND ENHANCEMENT FOR COMMUNITY ENJOYMENT | $1,425 |
THE ASPETUCK LAND TRUST PURPOSE: LAND CONSERVATION AND ENHANCEMENT FOR COMMUNITY ENJOYMENT | $34,910 |