Liberia Conservation Fund Inc
- Assets
- $1.2m
- Revenue
- $34.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Arlington, VA
- Founding
- 08/2018
- Data as of
- 06/2022
- EIN
- 37-1862803
Organization Overview
Liberia Conservation Fund Inc is located in Arlington, VA. The organization was established in 2018. 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. Liberia Conservation Fund 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 06/2022, Liberia Conservation Fund Inc generated $34.4k 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 (49.1%) each year. All expenses for the organization totaled $12.3k during the year ending 06/2022. 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
TO SUPPORT THE CONSERVATION OF LIBERIA'S PROTECTED AREAS AND LIBERIAN SUSTAINABLE DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN THIS TAX YEAR, THE ORGANIZATION HAS WORKED WITH ITS INVESTMENT MANAGER TO ENSURE THAT THE EXISTING ENDOWMENT IS WISELY AND BROADLY INVESTED, IN WAYS LIKELY TO ACHIEVE ITS INTENDED RETURNS WHILE SAFEGUARDING CAPITAL. BY THE END OF THE PERIOD, ALMOST ALL OF THE CAPITAL WAS INVESTED AND RETURNS WERE STARTING TO ACCRUE. THIS MEANT THAT THERE WAS ADEQUATE BUDGET TO COMMENCE THE FUND'S WORKS IN FOREST CONSERVATION, STARTING IN THE NEXT TAX PERIOD. AT THE SAME TIME, WE SOUGHT CLARIFICATION FROM THE GOVERNMENT OF LIBERIA ON THE STATUS OF THE MATCHING FUNDS PLEDGED BY THEM FROM THE LOGGING STUMPAGE FUNDS, IN SUPPORT OF THE LIBERIA CONSERVATION FUND; THIS WAS STILL UNRESOLVED AT YEAR END. AS A RESULT OF THIS PERIOD OF INITIAL FINANCIAL GROWTH, ACTIVITIES AND EXPENDITURE WERE MINIMAL WHILE WE CONCENTRATED ON ACCRUING WORKING INCOME FOR THE FUTURE.THE LCF HAS CONTINUED NEGOTIATIONS WITH CONSERVATION INTERNATIONAL LIBERIA TO SERVE AS INITIAL LOCAL ADMINISTRATOR IN LIBERIA, WITH CONTRACT NEGOTIATIONS EXPECTED TO CONCLUDE IN THE NEXT YEAR. THE LCF HAS COMMENCED DISCUSSIONS WITH GOVERNMENT AND MULTILATERAL INSTITUTIONS TO CONTRIBUTE TO THE FUND, AND/OR CONTRIBUTE TO THE DEVELOPMENT OF ENHANCED OPERATIONAL DOCUMENTS AND SAFEGUARDS FOR THE LCF, SO AS TO ATTRACT ADDITIONAL FINANCE TO SUPPORT THE LCF'S CHARITABLE PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Trocon Moore President Until 05/2022 | OfficerTrustee | 3 | $0 |
John Howell Secretary | OfficerTrustee | 3 | $0 |
Bjorn Stauch Trasurer | OfficerTrustee | 3 | $0 |
Wing Crawley Director As Of 05/2022 | Trustee | 3 | $0 |
Saah A David Jr Director As Of 05/2022 | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $25,167 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $9,227 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $34,394 |
| 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 | $0 |
| 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 | $2,704 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,145 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,244 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $250 |
| Total functional expenses | $12,343 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,169 |
| Savings and temporary cash investments | $1,212,508 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,005 |
| Total assets | $1,217,682 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $1,217,682 |
| 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 | $1,217,682 |