Grand Traverse Regional Land Conservancy
- Assets
- $88.7m
- Revenue
- $11.4m
- Investments
- $0.0
- Employees
- 40
- Location
- Traverse City, MI
- Founding
- 08/1991
- Data as of
- 06/2023
- 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 06/2023, Grand Traverse Regional Land Conservancy employed 40 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 06/2023, Grand Traverse Regional Land Conservancy generated $11.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $9.2m during the year ending 06/2023. While expenses have increased by 4.5% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF GTRLC IS TO PROTECT SIGNIFICANT NATURAL, AGRICULTURAL, AND SCENIC AREAS AND ADVANCE LAND STEWARDSHIP NOW AND FOR FUTURE GENERATIONS.
Describe the Organization's Program Activity:
FOR THE TAX YEAR ENDING JUNE 30, 2023, 90 ACRES OF LAND VALUED AT $254,000 WERE ACQUIRED BY PURCHASE OR DONATION FOR PERMANENT PROTECTION AND PUBLIC USE. INCLUDED IN ACQUISITIONS DURING THE TAX YEAR ARE THE MITCHELL CREEK MEADOWS, ARCADIA MARSH ADDITION, MNAADEDDAN SHAAKIMIKWE NATURE SANCTUARY, AND ST. CLAIR LAKE. THE ACQUISITIONS BRING THE TOTAL LAND PRESERVES PROTECTED TO 10,411 ACRES, VALUED AT HISTORICAL COST OF $30,480,671. ALSO, CONSERVATION EASEMENT DEVELOPMENT RIGHTS EXTINGUISHED IN THE TAX YEAR ENDING JUNE 30, 2023 TOTALED $3,412,000 AS DESCRIBED IN SCHEDULE D, PART XIII. A TOTAL OF 256 CONSERVATION EASEMENTS HAVE BEEN ESTABLISHED BY THE CONSERVANCY DURING ITS 30-YEAR HISTORY COMPRISING 22,330 ACRES, VALUED AT A HISTORICAL COST OF $66,850,109.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Glen Chown Executive Director | OfficerTrustee | 40 | $239,866 |
John Bercini Secretary | OfficerTrustee | 4 | $0 |
Linda Cline Treasurer | OfficerTrustee | 6 | $0 |
Kevin Russell Board Chair | OfficerTrustee | 15 | $0 |
Kathleen Guy Vice Chair | OfficerTrustee | 4 | $0 |
Perry Adams Board Member | Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Grand Traverse Construction Conservation Center Construction | 6/29/23 | $5,125,639 |
Custer Inc Conservation Center Furniture And Instal | 6/29/23 | $158,117 |
Gosling Czubak Associates Engineering Work For Several Projects In | 6/29/23 | $109,352 |
Modular Trail Structure Trail And Boardwalk Building Materials A | 6/29/23 | $104,093 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,063,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,324,293 |
| Noncash contributions included in lines 1a–1f | $1,498,188 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,387,793 |
| Total Program Service Revenue | $0 |
| Investment income | $6,407 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $650,615 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,375,377 |
| 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. | $259,367 |
| Compensation of current officers, directors, key employees. | $51,873 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,105,226 |
| Pension plan accruals and contributions | $99,117 |
| Other employee benefits | $374,011 |
| Payroll taxes | $165,396 |
| 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 | $103,017 |
| Fees for services: Other | $0 |
| Advertising and promotion | $11,831 |
| Office expenses | $45,857 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $36,760 |
| Travel | $57,831 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $66,855 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $491,127 |
| Insurance | $98,303 |
| All other expenses | $641,561 |
| Total functional expenses | $9,156,711 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,089,445 |
| Pledges and grants receivable | $4,884,331 |
| 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 | $50,835,394 |
| Investments—publicly traded securities | $31,372,028 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $530,256 |
| Total assets | $88,711,454 |
| Accounts payable and accrued expenses | $794,121 |
| 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 | $2,500,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $287,156 |
| Total liabilities | $3,581,277 |
| Net assets without donor restrictions | $13,479,554 |
| Net assets with donor restrictions | $71,650,623 |
| 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 | $88,711,454 |