Legacy Land Conservancy
- Assets
- $8.6m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 16
- Location
- Ann Arbor, MI
- Founding
- 10/1991
- Data as of
- 06/2023
- EIN
- 38-2899980
Organization Overview
Legacy Land Conservancy is located in Ann Arbor, MI. The organization was established in 1991. According to its NTEE Classification (C34) the organization is classified as: Land Resources Conservation, under the broad grouping of Environment and related organizations. As of 06/2023, Legacy Land Conservancy employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Legacy 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 06/2023, Legacy Land Conservancy generated $1.6m 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 (3.1%) each year. All expenses for the organization totaled $2.2m during the year ending 06/2023. 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
TO PROTECT NATURAL AREAS, WORKING FARMLANDS, WATERS AND RECREATION SPACES IN SOUTHEASTERN MICHIGAN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING FISCAL YEAR 2022-2023 LEGACY LAND CONSERVANCY PROTECTED AN ADDITIONAL 580 ACRES OF FARMLAND AND NATURAL AREAS THROUGH 8 CONSERVATION EASEMENTS; BRINGING OUR TOTAL OVER A 50-YEAR HISTORY TO MORE THAN 10,664 ACRES OF LAND PROTECTED. IN TOTAL WE HOLD 4,579 ACRES IN CONSERVATION EASEMENTS OF WHICH THERE ARE 99, AND HAVE PROTECTED, BOTH SOLELY AND IN PARTNERSHIPS, 10,664 ACRES THROUGH 150 PROJECTS. PROTECTING THESE LANDS SAFEGUARDS ACCESS TO CLEAN WATER FOR DRINKING AND RECREATION, CONSERVES NATURAL SPACES TO SUPPORT PUBLIC RECREATION, PROTECTS WILDLIFE HABITAT, MITIGATES CARBON RELEASE, AND SUPPORTS THE CONTINUED VITALITY OF OUR LOCAL WORKING FARMS. IT IS IMPORTANT THAT WE CONTINUE TO INCREASE THE PACE OF CONSERVATION IN ORDER TO SECURE A LAND BASE FOR FUTURE GENERATIONS AND ENHANCE OUR REGION'S QUALITY OF PLACE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry Doll President | OfficerTrustee | 2 | $0 |
Ginney Leikam Vice President | OfficerTrustee | 2 | $0 |
Dale Sass Treasurer | OfficerTrustee | 2 | $0 |
Karen Ufer Secretary | OfficerTrustee | 2 | $0 |
Bill Strohaver Member At Large | Trustee | 2 | $0 |
John Moran Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $520,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $892,198 |
| Noncash contributions included in lines 1a–1f | $230,621 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,412,198 |
| Total Program Service Revenue | $98,938 |
| Investment income | $93,847 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$47,785 |
| Net Income from Fundraising Events | $4,988 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,622,186 |
| 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. | $104,053 |
| Compensation of current officers, directors, key employees. | $54,108 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $489,796 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $92,926 |
| Payroll taxes | $45,244 |
| 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 | $12,600 |
| Fees for services: Other | $45,091 |
| Advertising and promotion | $18,670 |
| Office expenses | $38,896 |
| Information technology | $28,844 |
| Royalties | $0 |
| Occupancy | $54,123 |
| Travel | $11,023 |
| 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 | $1,800 |
| Insurance | $17,536 |
| All other expenses | $0 |
| Total functional expenses | $2,169,064 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $120,247 |
| Pledges and grants receivable | $71,855 |
| 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 | $32,191 |
| Net Land, buildings, and equipment | $4,864,417 |
| Investments—publicly traded securities | $3,464,387 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $64,164 |
| Total assets | $8,617,261 |
| Accounts payable and accrued expenses | $121,864 |
| 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 | $121,864 |
| Net assets without donor restrictions | $2,277,403 |
| Net assets with donor restrictions | $6,217,994 |
| 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 | $8,617,261 |