Gratiot Lake Conservancy
- Assets
- $12.9m
- Revenue
- $79.5k
- Investments
- $325.1k
- Employees
- 0
- Location
- Oak Brook, IL
- Founding
- 12/1998
- Data as of
- 12/2023
- EIN
- 36-4242179
Organization Overview
Gratiot Lake Conservancy is located in Oak Brook, IL. The organization was established in 1998. According to its NTEE Classification (C30) the organization is classified as: Natural Resources Conservation & Protection, 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. Gratiot Lake 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 12/2023, Gratiot Lake Conservancy generated $79.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (31.3%) each year. All expenses for the organization totaled $28.6k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALTHOUGH NO ONSITE EDUCATIONAL PROGRAMS TOOK PLACE ON GRATIOT LAKE CONSERVANCY LAND THIS YEAR, THERE WAS CONTINUITY IN KEWEENAW COMMUNITY FOREST COMPANY'S MANAGEMENT OF GRATIOT LAKE CONSERVANCY'S LAND - OPENING ROADS AND TRAILS, PUTTING THE DOCK IN, AND MAITAINING THE NOBLET FIELD.
DENDROCHRONOLOGY RESEARCH - A THREE YEAR SPINOFF OF ZACH MERRILL'S RESEARCH AT GRATIOT LAKE CONSERVANCY. THIS INVOLVES ENGAGING UNDERGRAD STUDENTS KCFC THE PROGRAM DIRECTOR AND ZACH MERRILL IN THE DESIGN AND INSTALLATION OF INTERPRETIVE SIGNAGE. THE SIGNS PROVIDE EDUCATIONAL CONTENT ABOUT HISTORICALLY SIGNIFICANT TREES AND VARIOUS TREE SPECIES AROUND GRATIOT LAKE.
BEACH CLEANING - GRATIOT LAKE CONSERVANCY HOSTED A SEPTEMBER SHORELINE CLEAN-UP OF GRATIOT LAKE IN PARTNERSHIP WITH THE ALLIANCE FOR THE GREAT LAKES ADOPT-A-BEACH PROGRAM. VOLUNTEERS PICKED UP OVER 20 POUNDS OF TRASH FROM THE SHORELINE.
THE KEWEENAW INVASIVE SPECIES AREA KISMA WEED CREW REMOVED INVASIVE THISTLE FROM THE GRATIOT LAKE CONSERVANCY PRESERVE AND ACCESS ROAD. KISMA ALSO OFFERED A BOAT WASH DEMO TO REMOVE INVASIVE AQUATIC SPECIES AT THE GRATIOT LAKE PUBLIC ACCESS IN LATE JULY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed President & Director | 0.5 | $0 | |
Name Not Listed Vp/treasurer & Director | 0.5 | $0 | |
Name Not Listed Assistant Treasurer | 0.5 | $0 | |
Name Not Listed Secretary & Director - Elected 7/15/23 | 0.5 | $0 | |
Name Not Listed Director - Resigned 7/15/23 | 0.5 | $0 | |
Name Not Listed Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $59,320 |
| Interest on Savings | $1,717 |
| Dividends & Interest | $8,875 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,406 |
| Capital Gain Net Income | $2,406 |
| Net ST Capital Gain | $517 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $7,147 |
| Total Revenue | $79,465 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $4 |
| Taxes | $1,557 |
| Depreciation | $2,912 |
| Occupancy | $6,650 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $617 |
| Other expenses | $11,071 |
| Total operating and administrative expenses | $28,357 |
| Contributions, gifts, grants paid | $200 |
| Total expenses and disbursements | $28,557 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $157,282 |
| Savings and temporary cash investments | $20,362 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $3,407,212 |
| Other assets | $8,943,363 |
| Total assets | $12,853,357 |
| Accounts payable and accrued expenses | $3,131 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,131 |