Grand Traverse Regional Land Conservancy
- Assets
- $83.6m
- Revenue
- $14.8m
- Investments
- $0.0
- Employees
- 38
- Location
- Traverse City, MI
- Founding
- 08/1991
- Data as of
- 06/2022
- EIN
- 38-2994229
Organization Overview
Grand Traverse Regional Land Conservancy is located in Traverse City, 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 06/2022, Grand Traverse Regional Land Conservancy employed 38 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grand Traverse Regional 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 06/2022, Grand Traverse Regional Land Conservancy generated $14.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.5% each year . All expenses for the organization totaled $6.2m during the year ending 06/2022. While expenses have increased by 4.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROTECT SIGNIFICANT NATURAL, SCENIC AND FARM LANDS AND ADVANCE LAND STEWARDSHIP NOW AND FOR FUTURE GENERATIONS. AS OF JUNE 30, 2022, WE HAD PROTECTED OVER 42,000 ACRES OF LAND, OF WHICH OVER 20,000 ACRES OF LAND ARE OPEN TO THE PUBLIC, 40 NATURE PRESERVES HAVE BEEN ESTABLISHED AND 128 MILES OF LAKE, STREAM AND RIVER SHORELINE ARE FOREVER PROTECTED AS A RESULT OF OUR EFFORTS. GTRLC HOLDS 252 CONSERVATION EASEMENTS AND HAS PROTECTED 21,000 ACRES OF PRIVATELY OWNED LAND WITH CONSERVATION EASEMENTS OR OTHER TOOLS.
Describe the Organization's Program Activity:
FOR THE TAX YEAR ENDING JUNE 30, 2022 377 ACRES OF LAND VALUED AT $2,149,865 WERE ACQUIRED BY PURCHASE OR DONATION FOR PERMANENT PROTECTION AND PUBLIC USE. INCLUDED IN ACQUISITIONS DURING THE TAX YEAR ARE THE PYATT LAKE ADDITION, MITCHELL CREEK MEADOWS, ARCADIA MARSH ADDITION, AND ARCADIA DUNES NATURE PRESERVES. THE ACQUISITIONS BRING THE TOTAL LAND PRESERVES PROTECTED TO 10,321 ACRES, VALUED AT HISTORICAL COST OF $30,226,670. ALSO, CONSERVATION EASEMENT DEVELOPMENT RIGHTS EXTINGUISHED IN THE TAX YEAR ENDING JUNE 30, 2022 TOTALED $1,074,300, AS DESCRIBED IN SCHEDULE D, PART XIII. A TOTAL OF 252 CONSERVATION EASEMENTS HAVE BEEN ESTABLISHED BY THE CONSERVANCY DURING IT'S 30-YEAR HISTORY COMPRISING 21,946 ACRES, VALUED AT A HISTORICAL COST OF $64,438,108.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Glen Chown Executive Director | OfficerTrustee | 40 | $219,039 |
John Bercini Secretary | OfficerTrustee | 4 | $0 |
Paul Brink Secretary | OfficerTrustee | 4 | $0 |
Linda Cline Treasurer | OfficerTrustee | 6 | $0 |
Kathleen Guy Board Member | OfficerTrustee | 2 | $0 |
Kevin Russell Board Chair | OfficerTrustee | 20 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Gosling Czubak Associates Engineering Work For Several Projects In | 6/29/22 | $161,458 |
Modal Llc Excavation Work At Several Project Sites | 6/29/22 | $104,093 |
Environment Architects Conservation Center Design And Bid Proce | 6/29/22 | $195,714 |
Richter Construction Inc Pyatt Lake Boardwalk And Overlook Constr | 6/29/22 | $108,464 |
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 | $14,227,688 |
| Noncash contributions included in lines 1a–1f | $698,349 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,227,688 |
| Total Program Service Revenue | $0 |
| Investment income | $7,054 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $560,307 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,843,118 |
| 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. | $256,745 |
| Compensation of current officers, directors, key employees. | $51,349 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,886,007 |
| Pension plan accruals and contributions | $95,026 |
| Other employee benefits | $346,394 |
| Payroll taxes | $153,563 |
| 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 | $111,153 |
| Fees for services: Other | $0 |
| Advertising and promotion | $10,108 |
| Office expenses | $23,623 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $55,140 |
| Travel | $36,766 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $25,296 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $168,390 |
| Insurance | $85,335 |
| All other expenses | $633,065 |
| Total functional expenses | $6,219,992 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $7,844,611 |
| Pledges and grants receivable | $7,149,340 |
| 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 | $46,104,958 |
| Investments—publicly traded securities | $22,256,275 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $285,252 |
| Total assets | $83,640,436 |
| Accounts payable and accrued expenses | $2,213,873 |
| 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 | $290,153 |
| Total liabilities | $2,504,026 |
| Net assets without donor restrictions | $13,692,196 |
| Net assets with donor restrictions | $67,444,214 |
| 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 | $83,640,436 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Grand Traverse Regional Land Conservancy has recieved totaling $30,500.
| Awarding Organization | Amount |
|---|---|
David C Petrick And Ellen R Petrick Foundation Frankfort, MI PURPOSE: SUPPORT TO PROTECT NATURAL LANDS. | $25,000 |
Doris J Duchene And Donald L Duchene Sr Foundation Grosse Pointe, MI PURPOSE: GENERAL SUPPORT | $5,000 |
Harveys Foundation Traverse City, MI PURPOSE: CONSERVANCY FUND | $500 |
Endowment Analysis
| Beg. Balance | $9,241,221 |
| Earnings | -$1,222,309 |
| Net Contributions | $1,487,600 |
| Other Expense | $299,438 |
| Ending Balance | $9,207,074 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Western Reserve Land Conservancy Moreland Hills, OH | $30,804,258 | $21,482,529 |
Grand Traverse Regional Land Conservancy Traverse City, MI | $83,640,436 | $14,843,118 |
Leelanau Conservancy Leland, MI | $37,540,108 | $6,574,386 |
Tall Pines Conservancy Inc Nashotah, WI | $2,243,899 | $2,340,562 |
Little Traverse Conservancy Inc Harbor Springs, MI | $131,058,036 | $9,637,882 |
Legacy Land Conservancy Ann Arbor, MI | $8,848,888 | $2,512,327 |
Green Umbrella Cincinnati, OH | $7,040,647 | $6,122,711 |
Southwest Michigan Land Conservancy Inc Galesburg, MI | $30,119,950 | $2,633,609 |
Prairie Enthusiasts Inc Viroqua, WI | $12,506,035 | $2,620,729 |
Acres Inc Huntertown, IN | $33,175,317 | $1,636,200 |
Door County Land Trust Inc Sturgeon Bay, WI | $36,318,691 | $4,027,675 |
Ozaukee Washington Land Trust Inc West Bend, WI | $22,989,724 | $5,053,891 |