Working Lands Trust Inc
- Assets
- $22.5m
- Revenue
- $12.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Raleigh, NC
- Founding
- 05/2014
- Data as of
- 12/2021
- EIN
- 46-2913344
Organization Overview
Working Lands Trust Inc is located in Raleigh, NC. The organization was established in 2014. According to its NTEE Classification (C36) the organization is classified as: Forest Conservation, 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. Working Lands Trust 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 12/2021, Working Lands Trust Inc generated $12.1m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 58.1% each year . All expenses for the organization totaled $293.0k during the year ending 12/2021. While expenses have increased by 40.4% per year over the past 5 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
DEVELOP CONSERVATION TOOLS AND TECHNIQUES TO HELP ACHIEVE THE GOAL OF PROTECTING WORKING LANDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PURCHASE AND RECEIVE DONATION OF EASEMENTS ON FARMLAND RESTRICTED FOR AGRICULTURAL AND ECOLOGICAL CONSERVATION, ESPECIALLY THOSE NEAR OR UNDER U.S. MILITARY TRAINING FACILITIES AND FLIGHT ZONES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Garrett Budds Executive Director | Officer | 40 | $66,000 |
Mikki Sager Secretarytreasurer | OfficerTrustee | 1 | $0 |
George Venters Board Vice Chair | OfficerTrustee | 1 | $0 |
Bob Schaefer Board Chair | OfficerTrustee | 1 | $0 |
Mark Megalos Board Member | Trustee | 1 | $0 |
James Narron Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $9,724,464 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,346,479 |
| Noncash contributions included in lines 1a–1f | $2,269,119 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,070,943 |
| Total Program Service Revenue | $0 |
| Investment income | $150 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,071,093 |
| 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. | $66,000 |
| Compensation of current officers, directors, key employees. | $6,600 |
| 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 | $70,289 |
| Fees for services: Accounting | $8,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,633 |
| Advertising and promotion | $0 |
| Office expenses | $644 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $12,738 |
| 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 | $2,625 |
| All other expenses | $4,659 |
| Total functional expenses | $292,994 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $95,073 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $87,781 |
| 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 | $22,303,462 |
| Total assets | $22,486,316 |
| Accounts payable and accrued expenses | $29,279 |
| 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 | $8,655 |
| Total liabilities | $37,934 |
| Net assets without donor restrictions | $22,102,976 |
| Net assets with donor restrictions | $345,406 |
| 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 | $22,486,316 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Working Lands Trust Inc has recieved totaling $56,960.
| Awarding Organization | Amount |
|---|---|
United States Endowment Forforestry And Communities Inc Greenville, SC PURPOSE: FOREST RETENTION | $50,000 |
North Carolina Community Foundation Inc Raleigh, NC PURPOSE: ENVIRONMENT & ANIMALS | $6,960 |
Endowment Analysis
| Beg. Balance | $186,662 |
| Earnings | $25,674 |
| Admin Expense | $1,970 |
| Grants | $6,960 |
| Ending Balance | $203,406 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
International Centre For Research In Agroforestry Alexandria, VA | $56,650,550 | $47,516,870 |
Forest History Society Inc Durham, NC | $14,218,632 | $2,687,841 |
Forestry Association Of South Carolina Columbia, SC | $3,263,950 | $1,001,478 |
Georgia Forestry Foundation Inc Forsyth, GA | $3,195,251 | $1,986,921 |
N C Forestry Association Raleigh, NC | $1,489,442 | $881,130 |
Community Ventures Inc Vienna Woods Swim Club Vienna, VA | $972,651 | $757,572 |
Tennessee Forestry Association Nashville, TN | $34,715 | $723,155 |
Virginia Forestry Association Richmond, VA | $805,934 | $559,327 |
Ecoforesters Inc Asheville, NC | $407,269 | $680,416 |
South Carolina Forestry Foundation Columbia, SC | $814,187 | $296,941 |
Hatcher Garden And Woodland Preserve Inc Spartanburg, SC | $1,594,926 | $346,034 |
Association Of Consulting Foresters Of America Inc Williamsburg, VA | $823,809 | $342,204 |