Tar River Land Conservancy
- Assets
- $24.0m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 7
- Location
- Louisburg, NC
- Founding
- 03/2001
- Data as of
- 09/2022
- 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 09/2022, Tar River Land Conservancy employed 7 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 09/2022, Tar River Land Conservancy generated $1.1m 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 (11.3%) each year. All expenses for the organization totaled $679.6k during the year ending 09/2022. 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
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 81.42 ACRES IN GRANVILLE COUNTY, WHICH LAND PROVIDES BUFFERS TO UNNAMED TRIBUTARIES IN THE NEUSE RIVER BASIN.
ACQUIRED FEE SIMPLE TITLE TO 65.903 ACRES IN NASH COUNTY, WHICH LAND PROVIDES BUFFERS FOR FISHING CREEK.
RECEIVED A DONATION OF A CONSERVATION EASEMENT ON 97.30 ACRES IN PERSON COUNTY, WHICH LAND PROVIDES BUFFERS FOR THE SOUTH FLAT RIVER.
TAR RIVER LAND CONSERVANCY ACHIEVED ITS LAND PROTECTION MISSION THROUGH THE FOLLOWING ACTIONS: 4) RECEIVED A DONATION OF A CONSERVATION EASEMENT ON 77.81 ACRES IN GRANVILLE COUNTY, WHICH LAND PROVIDES BUFFERS TO LEDGE CREEK. 5) RECEIVED A DONATION OF A CONSERVATION EASEMENT ON 42.16 ACRES IN GRANVILLE COUNTY, WHICH LAND PROVIDES BUFFERS TO LEDGE 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) OPENED 2.4 MILES OF PUBLIC HIKING TRAILS IN GRANVILLE COUNTY. 10) ENGAGED LOCAL VOLUNTEERS ON THE INSTALLATION OF A 1.9-ACRE PUBLIC HIKING TRAIL IN GRANVILLE COUNTY, WHICH OPENED AFTER THE END OF THE YEAR. 11) TOOK THE INITIAL STEPS FOR THE INSTALLATION OF AN ADDITIONAL HIKING TRAIL IN GRANVILLE COUNTY, WHICH MAY BE READY TO OPEN TO THE PUBLIC IN 2024. 12) HOSTED EVENTS TO PLANT TREES IN BUFFERS ALONG WATERWAYS TO ENHANCE WATER QUALITY AND TO PROVIDE WILDLIFE HABITAT. 13) MONITORED CONSERVATION EASEMENTS AND FEE PROPERTIES HELD BY TRLC. 14) MONITORED 55 CONSERVATION EASEMENTS HELD BY THE STATE OF NORTH CAROLINA.
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 |
|---|---|---|---|
Derek Halberg Executive Di | Officer | 40 | $118,872 |
Robert Covington Vice-Preside | OfficerTrustee | $0 | |
Carl Pike President | OfficerTrustee | $0 | |
Boyd Sturges Secretary-Tr | OfficerTrustee | $0 | |
Angela Parker Allen Director | Trustee | $0 | |
Ernie Averett Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $641,410 |
| All other contributions, gifts, grants, and similar amounts not included above | $106,695 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $748,105 |
| Total Program Service Revenue | $31,686 |
| Investment income | $333,379 |
| 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 | $1,149,745 |
| 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. | $118,872 |
| Compensation of current officers, directors, key employees. | $10,698 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $172,287 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $23,914 |
| Payroll taxes | $23,011 |
| 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 | $360 |
| Office expenses | $1,189 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,183 |
| Insurance | $19,262 |
| All other expenses | $92,988 |
| Total functional expenses | $679,622 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $382,051 |
| Savings and temporary cash investments | $567,631 |
| Pledges and grants receivable | $15,131 |
| 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 | $10,385 |
| Net Land, buildings, and equipment | $13,646,646 |
| Investments—publicly traded securities | $9,419,524 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $24,041,368 |
| Accounts payable and accrued expenses | $1,519 |
| 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 | $2,138 |
| Total liabilities | $3,657 |
| Net assets without donor restrictions | $17,012,871 |
| Net assets with donor restrictions | $7,024,840 |
| 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 | $24,041,368 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Tar River Land Conservancy has recieved totaling $71,819.
| Awarding Organization | Amount |
|---|---|
North Carolina Community Foundation Inc Raleigh, NC PURPOSE: ENVIRONMENT & ANIMALS | $40,710 |
Jandy Ammons Foundation Inc Raleigh, NC PURPOSE: 3 NEW PUBLIC TRAILS IN GRANVILLE CO | $26,000 |
The Eddie And Jo Allison Smith Family Foundation Inc Greenville, NC PURPOSE: ENVIRONMENTAL PRESERVATION | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $109 |
Endowment Analysis
| Beg. Balance | $2,034,791 |
| Earnings | $96,015 |
| Admin Expense | $14,120 |
| Net Contributions | $45,600 |
| Ending Balance | $1,615,886 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Trust For Tomorrow Fairfield, NC | $3,019,390 | $8,833,485 |
James River Association Richmond, VA | $10,495,721 | $10,578,861 |
Restore Americas Estuaries Arlington, VA | $2,538,068 | $5,189,869 |
South Carolina Coastal Conservation League Inc Charleston, SC | $21,181,148 | $6,299,915 |
Wine To Water Boone, NC | $5,319,856 | $5,244,290 |
Cumberland River Compact Inc Nashville, TN | $19,056,025 | $3,153,928 |
South Carolina Waterfowl Association Pinewood, SC | $14,916,355 | $3,978,394 |
The Barn Group Land Trust Inc Brooks, GA | $16,806,852 | $12,541,051 |
Virgina Maritime Association Inc Norfolk, VA | $2,448,779 | $2,548,472 |
Chattahoochee Riverkeeper Inc Atlanta, GA | $5,712,357 | $2,159,639 |
South Carolina Rural Water Association Columbia, SC | $1,337,809 | $1,997,665 |
American Whitewater Sylva, NC | $2,189,173 | $2,094,145 |