Assateague Coastal Trust Inc
- Assets
- $396.5k
- Revenue
- $229.2k
- Investments
- $0.0
- Employees
- 7
- Location
- Berlin, MD
- Founding
- 05/1982
- Data as of
- 12/2023
- EIN
- 52-1250849
Organization Overview
Assateague Coastal Trust Inc is located in Berlin, MD. The organization was established in 1982. According to its NTEE Classification (C30) the organization is classified as: Natural Resources Conservation & Protection, under the broad grouping of Environment and related organizations. As of 12/2023, Assateague Coastal Trust Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Assateague Coastal 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 12/2023, Assateague Coastal Trust Inc generated $229.2k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $345.9k during the year ending 12/2023. 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 PRESERVE ASSATEAGUE ISLAND AND LIVING RESOURCES OF THE COASTAL BAYS
Describe the Organization's Program Activity:
Part 3 - Line 4a
COASTKEEPER - TO PRESERVE THE HEALTH OF DELMARVAS COASTAL WATERS AND RAISE PUBLIC AWARENESS ABOUT THE CONDITIONS OF THE WATERSHED
COAST KIDS - TO PROMOTE EDUCATION OF ENVIROMENTAL STEWARDS OF THE COASTAL ECOSYSTEMS
OUTREACH PROGRAM - TO PROMOTE THE MISSION OF THE ORGANIZATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Vinson President | Trustee | 2 | $0 |
Wyatt Harrison Vice - President | Trustee | 2 | $0 |
Eric Vinson Treasurer | Trustee | 2 | $0 |
Fred Stiehl Secretary | Trustee | 2 | $0 |
Monica Brooks Director | Trustee | 1 | $0 |
Charles Brown Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $61,488 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $99,473 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $160,961 |
| Total Program Service Revenue | $38,391 |
| Investment income | $29,887 |
| 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 | $229,239 |
| 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. | $67,000 |
| Compensation of current officers, directors, key employees. | $67,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $124,617 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,380 |
| Payroll taxes | $18,760 |
| 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 | $0 |
| Fees for services: Other | $17,891 |
| Advertising and promotion | $150 |
| Office expenses | $41,290 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $29,828 |
| Travel | $7,045 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $556 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,873 |
| All other expenses | $7,331 |
| Total functional expenses | $345,868 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $35,733 |
| Savings and temporary cash investments | $118,805 |
| Pledges and grants receivable | $90,677 |
| 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 | $151,303 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $396,518 |
| Accounts payable and accrued expenses | $0 |
| 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 | $7,645 |
| Total liabilities | $7,645 |
| Net assets without donor restrictions | $146,893 |
| Net assets with donor restrictions | $241,980 |
| 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 | $396,518 |
Grants Awarded
Over the last fiscal year, Assateague Coastal Trust Inc has awarded $31,842 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
CATA PURPOSE: LES | $6,400 |
FUTURE HARVEST CASA PURPOSE: LES | $6,400 |
SOCIALLY RESPONSIBLE AG PROJ PURPOSE: LES | $6,126 |
SURFRIDER FOUNDATION PURPOSE: LES | $6,458 |
WATERKEEPERS CHESAPEAKE PURPOSE: LES | $6,458 |