Lake Superior Watershed Conservancy Inc
- Assets
- $779.3k
- Revenue
- $163.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Sault Ste Marie, MI
- Founding
- 03/2011
- Data as of
- 12/2021
- EIN
- 27-3304262
Organization Overview
Lake Superior Watershed Conservancy Inc, operating under the name Lake Superior Watershed Conservancy, is located in Sault Ste Marie, MI. The organization was established in 2011. According to its NTEE Classification (C32) the organization is classified as: Water Resources, Wetlands Conservation & Management, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Superior Watershed Conservancy 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, Lake Superior Watershed Conservancy generated $163.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (12.9%) each year. All expenses for the organization totaled $132.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (14.7%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION IS TO PROTECT THE LAKE SUPERIOR WATERSHED FOR FUTURE GENERATIONS. THE MAJOR PROJECT IS THE COMPLETION OF THE SIXTEEN ACCESS POINTS ON THE LSW TRAIL'S AMENITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPLORING OPPORTUNITIES FOR ACQUISITION OF ENVIRONMENTALLY SENSITIVE LAND CONTINUING TO PROMOTE THE HEALTH OF LAKE SUPERIOR AND ITS BASIN. COMPLETING THE INSTALLMENT OF AMENITIES AT THE SIXTEEN ACCESS POINTS ON THE LAKE SUPERIOR WATER TRAIL.
THE TRANSFER OF OWNERSHIP OF THE TWENTY GARGANTUA ISLANDS OFF THE SHORE FROM LAKE SUPERIOR PROVINCIAL PARK TO THE CONSERVANCY'S CONTROL WAS COMPLETED IN 2017. THE CONSERVENCY IS NOW MAINTAINING THE ISLANDS AND PROVIDING CANOE EXCURSIONS TO THE ISLANDS TO PROMOTE THE UNDERSTANDING SURROUNDING THE HERITAGE OF THE ISLANDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Wells Director | Trustee | 31 | $0 |
Kime Collver Secretary | Trustee | 1.25 | $0 |
Gary Mcguffin Director | Trustee | 4 | $0 |
Linda Weeks-Kaleita Director | Trustee | 1 | $0 |
Peggy Lauzon Treasurer | Trustee | 31.75 | $0 |
Jeff Hagen Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $58,146 |
| All other contributions, gifts, grants, and similar amounts not included above | $74,623 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $132,769 |
| Total Program Service Revenue | $0 |
| Investment income | $70 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $163,595 |
| 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 | $73,542 |
| 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 | $16,405 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,368 |
| Advertising and promotion | $3,333 |
| Office expenses | $4,315 |
| 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 | $1,286 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,350 |
| Insurance | $4,076 |
| All other expenses | $2,660 |
| Total functional expenses | $132,156 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $129,724 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $16,362 |
| 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 | $2,075 |
| Net Land, buildings, and equipment | $631,174 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $779,335 |
| Accounts payable and accrued expenses | $52,256 |
| 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 | -$49,733 |
| Total liabilities | $2,523 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $779,335 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lake Superior Watershed Conservancy Inc has recieved totaling $46,000.
| Awarding Organization | Amount |
|---|---|
Mps Foundation Bloomfield Hills, MI PURPOSE: GENERAL OPERATING SUPPORT | $46,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Greenacres Foundation Cincinnati, OH | $368,577,595 | $19,194,931 |
West Creek Conservancy Parma, OH | $2,888,241 | $8,563,674 |
Friends Of The Detroit River Taylor, MI | $2,929,234 | $4,961,842 |
Superior Watershed Partnership Marquette, MI | $4,349,166 | $4,309,607 |
Black Swamp Conservancy Perrysburg, OH | $12,036,158 | $4,862,475 |
Stream And Wetlands Foundation Lancaster, OH | $51,161,691 | $6,506,063 |
Huron River Watershed Council Ann Arbor, MI | $2,844,349 | $2,464,693 |
Grand Traverse Bay Watershed Initiative Inc Traverse City, MI | $737,164 | $2,236,720 |
Cleveland Water Alliance Cleveland, OH | $1,142,030 | $1,836,767 |
Tip Of The Mitt Watershed Council Petoskey, MI | $4,852,617 | $1,698,728 |
Ohio Federation Of Soil & Water Conservation Districts Reynoldsburg, OH | $1,289,755 | $1,701,450 |
Lakeshore Farm Management Coop Valders, WI | $1,770,762 | $1,460,336 |