Little Traverse Conservancy Inc
- Assets
- $147.5m
- Revenue
- $12.6m
- Investments
- $0.0
- Employees
- 23
- Location
- Harbor Springs, MI
- Founding
- 05/1974
- Data as of
- 12/2023
- EIN
- 23-7267810
Organization Overview
Little Traverse Conservancy Inc is located in Harbor Springs, MI. The organization was established in 1974. 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 12/2023, Little Traverse Conservancy Inc employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Little Traverse 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 12/2023, Little Traverse Conservancy Inc generated $12.6m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 15.6% each year . All expenses for the organization totaled $2.6m during the year ending 12/2023. While expenses have increased by 6.9% per year over the past 9 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROTECT THE NATURAL DIVERSITY AND BEAUTY OF NORTHERN MICHIGAN BY PRESERVING SIGNIFICANT LAND AND SCENIC AREAS, AND FOSTERING APPRECIATION AND UNDERSTANDING OF THE ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CONSERVANCY'S STEWARDSHIP PROGRAM CARES FOR THE NEARLY 30,000 ACRES OWNED AS NATURE PRESERVES AND WORKING FOREST RESERVES. PRIMARY STEWARDSHIP ACTIVITIES ON THESE PROPERTIES INCLUDE MONITORING, TRAIL CREATION AND MAINTENANCE, AND ECOLOGICAL RESTORATION WORK.
THE CONSERVANCY'S LAND PROTECTION PROGRAM WORKS WITH LANDOWNERS ON A VOLUNTARY BASIS TO ACQUIRE PROPERTIES THAT FURTHER OUR MISSION OF PRESERVING SCENIC AND SIGNIFICANT LANDS. THIS IS ACCOMPLISHED THROUGH ACQUISITIONS, CONSERVATION EASEMENTS, AND TRANSFER AND ASSIST PROJECTS WITH LOCAL GOVERNMENTS OR THE STATE OF MICHIGAN. THROUGH THIS WORK, THE CONSERVANCY HAS PROTECTED OVER 70,254 ACRES SINCE 1972.
THE CONSERVANCY'S ENVIRONMENTAL EDUCATION PROGRAM OFFERS FREE FIELD TRIPS, LESSONS, AND ACTIVITIES TO FOSTER A GREATER UNDERSTANDING, APPRECIATION, AND ENJOYMENT OF THE NATURAL ENVIRONMENT. STUDENTS CAN LEARN ALL YEAR LONG THROUGH SCHOOL FIELD TRIPS, WEEKEND PROGRAMS, AND SUMMER PROGRAMS ON CONSERVANCY LANDS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kieran Fleming Executive Dir. | Officer | 40 | $132,300 |
Thomas Lagerstrom CFO | Officer | 27 | $75,850 |
Cedric Richner Chair | OfficerTrustee | 2 | $0 |
Phil Porter Vice-Chair | OfficerTrustee | 1 | $0 |
Jon Lyons Treasurer | OfficerTrustee | 2 | $0 |
Karie Slavik Secretary | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Flowtrack Mountain Bike Trails Trail Construction | 12/30/23 | $192,500 |
Rock Solid Trail Contracting Trail Construction | 12/30/23 | $356,059 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,152,451 |
| Fundraising events | $277,966 |
| Related organizations | $0 |
| Government grants | $150,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,443,712 |
| Noncash contributions included in lines 1a–1f | $1,831,236 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,024,129 |
| Total Program Service Revenue | $0 |
| Investment income | $620,309 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$23,224 |
| Net Income from Fundraising Events | -$1,725 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,619,489 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $217,052 |
| 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. | $208,150 |
| Compensation of current officers, directors, key employees. | $77,615 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $928,675 |
| Pension plan accruals and contributions | $85,326 |
| Other employee benefits | $190,074 |
| Payroll taxes | $95,950 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $41,182 |
| Fees for services: Accounting | $18,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $77,810 |
| Advertising and promotion | $0 |
| Office expenses | $36,251 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $70,556 |
| Travel | $65,254 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,667 |
| Interest | $13,026 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $105,466 |
| Insurance | $53,468 |
| All other expenses | $32,477 |
| Total functional expenses | $2,591,651 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $119,018 |
| Savings and temporary cash investments | $7,654,246 |
| 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 | $394,093 |
| Prepaid expenses and deferred charges | $211,124 |
| Net Land, buildings, and equipment | $1,323,757 |
| Investments—publicly traded securities | $21,744,789 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $116,026,936 |
| Total assets | $147,473,963 |
| Accounts payable and accrued expenses | $63,894 |
| Grants payable | $0 |
| Deferred revenue | $207,427 |
| 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 | $91,549 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $362,870 |
| Net assets without donor restrictions | $6,767,407 |
| Net assets with donor restrictions | $140,343,686 |
| 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 | $147,473,963 |
Grants Awarded
Over the last fiscal year, Little Traverse Conservancy Inc has awarded $167,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
RESORT TOWNSHIP PURPOSE: Land protection | $137,500 |
WALLOON LAKE CONSERVANCY PURPOSE: Land protection | $30,000 |