Tar River Land Conservancy
- Assets
- $25.3m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 9
- Location
- Louisburg, NC
- Founding
- 03/2001
- Data as of
- 09/2023
- EIN
- 31-1742900
Organization Overview
Tar River Land Conservancy is located in Louisburg, NC. The organization was established in 2001. 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. As of 09/2023, Tar River Land Conservancy employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tar River Land 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 09/2023, Tar River Land Conservancy generated $1.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.7%) each year. All expenses for the organization totaled $801.9k during the year ending 09/2023. 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
TAR RIVER LAND CONSERVANCY PRESERVES THE NATURAL AND CULTURAL RESOURCES OF THE TAR RIVER BASIN AND SURROUNDING AREAS BY WORKING IN PARTNERSHIP WITH PRIVATE LANDOWNERS, PUBLIC AGENCIES AND OTHERS TO PROTECT RURAL LAND, RIPARIAN CORRIDORS AND ENSURE CLEAN WATER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACQUIRED FEE SIMPLE TITLE TO 232.91 ACRES IN HALIFAX COUNTY, WHICH LAND PROVIDES BUFFERS TO FISHING CREEK. BEGAN PLANNING, RESTORING, AND CLEANUP OF THE PROPERTY, WHICH FORMERLY OPERATED AS A SWINE FARM.
TAR RIVER LAND CONSERVANCY ACHIEVED ITS LAND PROTECTION MISSION THROUGH THE FOLLOWING ACTIONS: 4) RECEIVED A DONATION OF A CONSERVATION EASEMENT ON 108.52 ACRES IN PERSON COUNTY, WHICH LAND PROVIDES BUFFERS TO TAR RIVER. 5) PURCHASED A CONSERVATION EASEMENT ON 75.34 ACRES IN HALIFAX COUNTY, WHICH LAND PROVIDES BUFFERS TO FISHING CREEK. 6) SPENT SIGNIFICANT TIME AND RESOURCES ON LAND PROTECTION PROJECTS LOCATED IN GRANVILLE COUNTY, WHICH LANDS WILL PROVIDE A BUFFER FOR CAMP BUTNER AND LOCAL RESOURCES. 7) SPENT SIGNIFICANT TIME AND RESOURCES ON LAND PROTECTION PROJECTS LOCATED IN PERSON COUNTY, WHICH LANDS WILL PROVIDE A BUFFER FOR FLAT RIVER AND LOCAL RESOURCES. 8) SPENT SIGNIFICANT TIME AND RESOURCES ON LAND PROTECTION PROJECTS AND OUTREACH TO LANDOWNERS IN HALIFAX AND NASH COUNTIES, WHICH LANDS PROVIDE BUFFERS TO FISHING CREEK AND LITTLE FISHING CREEK. 9) SPENT SIGNIFICANT TIME AND RESOURCES TO COMPILE INFORMATION AND PREPARE AN APPLICATION TO RENEW LAND TRUST ACCREDITATION, WHICH WAS SUBMITTED AFTER THE END OF THE FISCAL YEAR. 10) ENGAGED LOCAL VOLUNTEERS TO COMPLETE PREPARATIONS AND HOLD RIBBON CUTTING TO OPEN A NATURE PRESERVE WITH 1.9 MILES OF PUBLIC HIKING TRAILS IN GRANVILLE COUNTY. 11) PREPARED AND SUBMITTED APPLICATIONS FOR TRLC'S NATURE PRESERVES TO BE DESIGNATED AS ECOEXPLORE HOTSPOTS THROUGH THE NC ARBORETUM AND NC MUSEUM OF NATURAL SCIENCES. 12) MONITORED CONSERVATION EASEMENTS AND FEE PROPERTIES HELD BY TRLC. 13) MONITORED 65 CONSERVATION EASEMENTS HELD BY THE STATE OF NORTH CAROLINA.
RECEIVED A DONATION OF FEE SIMPLE TITLE TO 39.98 ACRES IN GRANVILLE COUNTY, WHICH LAND PROVIDES BUFFERS FOR LEDGE CREEK.
RECEIVED A DONATION OF FEE SIMPLE TITLE ON 59.371 ACRES IN GRANVILLE COUNTY, WHICH LANDS PROVIDE BUFFERS FOR HATCHERS RUN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Derek Halberg Executive Di | Officer | 40 | $123,615 |
Angela Parker Allen Director | Trustee | $0 | |
Ernie Averett Director | Trustee | $0 | |
Tim Bevacqua Director | Trustee | $0 | |
Tyler Ray Black Director | Trustee | $0 | |
Alvin Braswell Vice-Pres 10 | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $106,631 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,164,962 |
| Noncash contributions included in lines 1a–1f | $1,040,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,271,593 |
| Total Program Service Revenue | $51,746 |
| Investment income | $296,816 |
| 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 | $1,658,598 |
| 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. | $123,615 |
| Compensation of current officers, directors, key employees. | $14,834 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $208,071 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $26,866 |
| Payroll taxes | $24,982 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| 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 | $7,733 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $9,581 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,685 |
| Insurance | $20,224 |
| All other expenses | $102,645 |
| Total functional expenses | $801,910 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $225,830 |
| Savings and temporary cash investments | $573,103 |
| Pledges and grants receivable | $51,263 |
| 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 | $9,933 |
| Net Land, buildings, and equipment | $15,572,705 |
| Investments—publicly traded securities | $8,911,026 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,544 |
| Total assets | $25,348,404 |
| Accounts payable and accrued expenses | $8,616 |
| 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 | $14,104 |
| Total liabilities | $22,720 |
| Net assets without donor restrictions | $19,088,561 |
| Net assets with donor restrictions | $6,237,123 |
| 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 | $25,348,404 |