Plank Stewardship Initiative is located in Sheridan, WY. The organization was established in 2014. According to its NTEE Classification (K20) the organization is classified as: Agricultural Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 12/2021, Plank Stewardship Initiative employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Plank Stewardship Initiative 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, Plank Stewardship Initiative generated $607.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.7%) each year. All expenses for the organization totaled $269.8k during the year ending 12/2021. 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
WE WORK TO ENHANCE THE CAPABILITIES AND LIVELIHOODS OF THOSE WHO MANAGE AND CARE FOR LAND AND WATER IN THE NORTHERN GREAT PLAINS. PSI CONNECTS PEOPLE AND COMMUNITIES TO RESOURCES, INFORMATION, AND EXPERTISE TO HELP IMPROVE HANDS-ON NATURAL RESOURCE STEWARDSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ON THE GROUND CONSERVATION PLANK STEWARDSHIP INITIATIVE (PSI) BELIEVES THAT FARMING AND RANCHING AND GOOD ENVIRONMENTAL STEWARDSHIP ARE SYMBIOTIC. WE ARE CONFIDENT THAT MOST OPERATORS RECOGNIZE THE VALUE IN GOOD ENVIRONMENTAL STEWARDSHIP. OUR RESOURCES ARE INTENDED TO PROVIDE ASSISTANCE TO LANDOWNERS AND LAND MANAGERS INTERESTED IN IMPLEMENTING PRACTICES THAT CONSERVE SOIL AND WATER. INCREASING STREAMBANK STABILITY THROUGH PLANTINGS, AND ENHANCING NATIVE COTTONWOOD GALLERIES ALONG PRAIRIE STREAMS ARE EXAMPLES OF PROJECTS WE INTEND TO GROW OVER TIME. OUR SMALL SIZE REQUIRES US TO BE COST-EFFECTIVE, BUT ALSO ALLOWS FLEXIBILITY IN OUR CHOICE OF PROJECTS. WE ARE LOOKING TO UTILIZE ASSETS TO HELP INDIVIDUAL OR GROUPS OF PROPERTIES. PLEASE CONTACT US WITH IDEAS OR OPPORTUNITIES. EDUCATION SERIES FINANCIAL ANALYSIS WORKSHOPS: WE ARE ACTIVELY SEEKING PARTNERS WITH WHOM TO CONDUCT FINANCIAL TRAINING WORKSHOPS. THE GOAL OF THE WORKSHOPS IS TO INTRODUCE THE CONCEPT OF ENTERPRISE ACCOUNTING AND DEMONSTRATE THE METHODOLOGY OF CALCULATING PRODUCTION COSTS. THE MATERIAL WILL BE TAILORED FOR AGRICULTURE OPERATIONS AND PRESENTED BY EXPERIENCED INSTRUCTORS WITH A LONG HISTORY OF WORKING WITH WYOMING AND MONTANA PRODUCERS. OUR GOAL IS TO HAVE AT LEAST 10 AND NO MORE THAN 15 PARTICIPANTS AT EACH OF THESE WORKSHOPS. ESTATE PLANNING WORKSHOPS: AS A COMPLEMENT TO THE FINANCIAL ANALYSIS WORKSHOP, WE WILL HOST A SERIES OF ESTATE PLANNING WORKSHOPS. THE TARGET AUDIENCE FOR THESE SESSIONS ARE RANCHERS TRYING TO KEEP THE GROUND IN THE FAMILY. THE WORKSHOPS WILL EMPHASIZE CONTINUITY AND STABILITY IN ESTATE PLANNING. LARGE AND SMALL EDUCATIONAL FORUM: IN THE NORTHERN GREAT PLAINS, FEW OPPORTUNITIES EXIST FOR RANCHERS TO CONVENE WITH INDUSTRY EXPERTS AND RESEARCHERS. PERHAPS MORE IMPORTANT ARE OPPORTUNITIES TO MEET AND SHARE EXPERIENCES AND WITH OTHER RANCHES WHO HAVE A COMMON DESIRE TO INCREASE THEIR KNOWLEDGE AND IMPROVE THEIR STEWARDSHIP PRACTICES. PSI REGULARLY SPONSORS SPEAKERS FOR PRODUCER GROUPS. WE HAVE A HISTORY OF PARTNERING WITH OTHER ORGANIZATIONS AND AGENCIES TO BRING SPEAKERS THAT WOULD OTHERWISE NOT BE AVAILABLE TO COMMUNITIES IN THE NORTHERN GREAT PLAINS. INTERNSHIPS: PSI BELIEVES STRONGLY IN HANDS-ON LEARNING. WE ARE INTERESTED IN FINDING WAYS TO COMPLIMENT STUDENTS CLASSROOM TRAINING WITH PRACTICAL EXPERIENCE ON REAL-WORLD PROJECTS. WE WILL HELP MATCH STUDENTS WITH OPPORTUNITIES APPROPRIATE FOR THEIR INTEREST ABILITY. ESTABLISHMENT OF PEER GROUPS PRACTITIONER NETWORKS: PEER-TO-PEER NETWORKS ARE OFTEN QUITE SMALL AND TIGHTLY FOCUSED GROUPS THAT GATHER TO SHARE BOTH TECHNICAL INFORMATION AS WELL AS THE FELLOWSHIP BASED IN THEIR PASSION FOR LAND STEWARDSHIP. BEGINNING WITH THOSE INDIVIDUALS WHO HAVE PARTICIPATED IN WORKSHOPS, PSI WILL LEAD EFFORTS TO CREATE REGIONAL PRACTITIONER NETWORKS TAILORED FOR SPECIFIC GROUPS SUCH AS YOUNG AND RETURNING RANCHERS AND PRODUCERS OF LOCALLY MARKETED LIVESTOCK AND PRODUCE. PSI WILL PLAN AND FACILITATE THESE GROUPS. WE WILL BE SUCCESSFUL IN THIS ENDEAVOR IF THOSE WHO PARTICIPATE CONTINUE TO ATTEND AND EXPRESS THEIR BELIEF THAT THE PEER-TO-PEER LEARNING HAS BEEN VALUABLE TO THEIR OPERATION. PLEASE CONTACT WITH WITH ANY POTENTIAL NAMES OF INDIVIDUALS OR ORGANIZATIONS INTERESTED IN LEARNING MORE OR POSSIBLY BEGINNING A PEER GROUP. IN 2020, WE HELPED SUPPORT A VITRUAL EDUCATIONAL EVENT THAT GATHERS AND EMPOWERS WOMEN IN RANCHING. SMALL GRANTS ALTHOUGH WE ARE NOT PRIMARILY A GRANTING ORGANIZATION WE RECOGNIZE THAT THERE MAY BE OPPORTUNITIES FOR PSI TO SUPPORT AN INNOVATIVE DEMONSTRATION PROJECT OR TO LEVERAGE A GROUPS EFFORT BY MAKING A SMALL GRANT. AS PSI PROGRAMS EVOLVE AND OUR RELATIONSHIPS WITH RANCHERS AND FARMERS EXTEND WE WILL CONTINUE TO LOOK FOR WAYS TO ENCOURAGE NOVEL IDEAS THAT SUPPORT CONSERVATION WITHIN PRODUCTION AGRICULTURE. OUR BOOTS ON THE GROUND PROGRAM SUPPORTED COVER CROP PLANTING IN TWO WYOMING COUNTIES IN 2020.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Brooke A Swanke Executive Di | OfficerTrustee | 40 | $50,667 |
Charlie Bettigole Vice Chair | OfficerTrustee | 1 | $0 |
Marty Zeller Board Chair | OfficerTrustee | 1 | $0 |
Leah Burgess Director | Trustee | 1 | $0 |
Khale Century-Reno Director | Trustee | 1 | $0 |
Bea Gordon Director | Trustee | 1 | $0 |
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 | $147,049 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $460,892 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $607,941 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $29,549 |
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. | $50,667 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $26,563 |
Other salaries and wages | $37,500 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $8,804 |
Fees for services: Management | $25,700 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $4,825 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $50,957 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $1,768 |
Information technology | $859 |
Royalties | $0 |
Occupancy | $3,682 |
Travel | $3,280 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $1,750 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $2,100 |
All other expenses | $454 |
Total functional expenses | $269,756 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $301,908 |
Savings and temporary cash investments | $0 |
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 | $5,138,890 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $1,758 |
Total assets | $5,442,556 |
Accounts payable and accrued expenses | $1,071 |
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 | $1,071 |
Net assets without donor restrictions | $0 |
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 | $5,441,485 |
Total liabilities and net assets/fund balances | $5,442,556 |
Over the last fiscal year, we have identified 2 grants that Plank Stewardship Initiative has recieved totaling $333,139.
Awarding Organization | Amount |
---|---|
The Chicago Community Trust Chicago, IL PURPOSE: GENERAL OPERATING SUPPORT | $200,000 |
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: Boots on the Ground | $133,139 |
Organization Name | Assets | Revenue |
---|---|---|
Central Electric Cooperative Inc Mitchell, SD | $99,096,217 | $37,679,047 |
Arabian Horse Association Aurora, CO | $7,104,818 | $11,582,764 |
Nebraska Farm Bureau Federation Lincoln, NE | $6,162,256 | $5,536,938 |
Idaho Farm Bureau Federation Inc Pocatello, ID | $16,974,633 | $6,412,454 |
Utah Farm Bureau Federation Sandy, UT | $9,901,276 | $4,013,704 |
Intertribal Agriculture Council Inc Billings, MT | $5,876,337 | $3,661,085 |
South Dakota Beef Industry Council Inc Pierre, SD | $1,193,198 | $4,031,431 |
Nebraska Beef Council Kearney, NE | $3,014,074 | $3,736,619 |
Wool Trust Foundation Centennial, CO | $2,341,215 | $3,264,496 |
United Food And Commercial Workers International Union Crete, NE | $994,510 | $2,745,079 |
Nebraska Cattlemen Inc Lincoln, NE | $2,949,747 | $2,219,046 |
Colorado Farm Bureau Centennial, CO | $9,886,340 | $2,127,778 |