Assateague Coastal Trust Inc
- Assets
- $725.1k
- Revenue
- $499.6k
- Investments
- $246.2k
- Employees
- 5
- Location
- Berlin, MD
- Founding
- 05/1982
- Data as of
- 12/2021
- 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 12/2021, Assateague Coastal Trust Inc employed 5 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 12/2021, Assateague Coastal Trust Inc generated $499.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.8% each year. All expenses for the organization totaled $369.5k during the year ending 12/2021. While expenses have increased by 4.9% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ACT IS THE WATERKEEPER ALLIANCE PROGRAM FOR THE COASTAL WATERSHED OF LOWER DELMARVA. WE ARE PART OF A GLOBAL NETWORK OF NON-PROFIT ORGANIZATIONS FIGHTING FOR EVERY COMMUNITY'S RIGHT TO WATER THAT IS FISHABLE AND SWIMMABLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASSATEAGUE COASTKEEPER SPENDS MOST OF THE TIME AS AN EDUCATOR, BOTH TO RAISE PUBLIC AWARENESS ABOUT THE THREATS WE FACE IN THE WATERSHED, AND TO GUIDE THE PUBLIC AND POLICYMAKERS TOWARD POLICIES AND PRACTICES NECESSARY TO EFFECTIVELY MEET THESE CHALLENGES.
COAST KIDS PROGRAM IS ALL ABOUT EXPERIENTIAL EDUCATION EXPOSING OUR NEXT GENERATION OF ENVIRONMENTAL STEWARDS TO THE MAJESTY, AND FRAGILITY, OF OUR COASTAL ECOSYSTEMS, AND TEACHING THEM THE SKILLS AND BEHAVIORS THROUGH WHICH THEY CAN BEST ENJOY AND PROTECT THE NATURAL WORLD THAT SURROUNDS AND SUSTAINS US.
AT ACT, OUTREACH CONSERVATION IS BOTH AN ETHIC WE ESPOUSE AND A PRACTICE WE PROMOTE. WE ENCOURAGE AND FACILITATE EFFORTS TO PRACTICE WHAT WE PREACH, AND WE ADVOCATE FOR POLICIES THAT SUPPORT PEOPLE AND ORGANIZATIONS TO BECOME ACTIVE ENVIRONMENTAL STEWARDS. WE DONT ENGAGE DIRECTLY IN LARGE- SCALE RESTORATION OR RESILIENCY PROJECTS, BUT WE DO WHAT WE CAN TO FILL CRITICAL GAPS, PROMOTE THE WORK OF OTHERS, AND PROVIDE DEMONSTRATION-SCALE MODELS FOR OTHERS TO REPLICATE.
DEPRECIATION EXPENSE
ASSATEAGUE COASTKEEPER SPENDS MOST OF THE TIME AS AN EDUCATOR, BOTH TO RAISE PUBLIC AWARENESS ABOUT THE THREATS WE FACE IN THE WATERSHED, AND TO GUIDE THE PUBLIC AND POLICYMAKERS TOWARD POLICIES AND PRACTICES NECESSARY TO EFFECTIVELY MEET THESE CHALLENGES.
COAST KIDS PROGRAM IS ALL ABOUT EXPERIENTIAL EDUCATION EXPOSING OUR NEXT GENERATION OF ENVIRONMENTAL STEWARDS TO THE MAJESTY, AND FRAGILITY, OF OUR COASTAL ECOSYSTEMS, AND TEACHING THEM THE SKILLS AND BEHAVIORS THROUGH WHICH THEY CAN BEST ENJOY AND PROTECT THE NATURAL WORLD THAT SURROUNDS AND SUSTAINS US.
AT ACT, OUTREACH CONSERVATION IS BOTH AN ETHIC WE ESPOUSE AND A PRACTICE WE PROMOTE. WE ENCOURAGE AND FACILITATE EFFORTS TO PRACTICE WHAT WE PREACH, AND WE ADVOCATE FOR POLICIES THAT SUPPORT PEOPLE AND ORGANIZATIONS TO BECOME ACTIVE ENVIRONMENTAL STEWARDS. WE DONT ENGAGE DIRECTLY IN LARGE- SCALE RESTORATION OR RESILIENCY PROJECTS, BUT WE DO WHAT WE CAN TO FILL CRITICAL GAPS, PROMOTE THE WORK OF OTHERS, AND PROVIDE DEMONSTRATION-SCALE MODELS FOR OTHERS TO REPLICATE.
DEPRECIATION EXPENSE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brenda Davis Executive Di | Officer | 40 | $67,000 |
Jim Rapp President | OfficerTrustee | 2 | $0 |
Kim Check Vice Preside | OfficerTrustee | 2 | $0 |
Fred Stiehl Secretary | OfficerTrustee | 2 | $0 |
Tom Janasek Board Member | Trustee | 1 | $0 |
Eric Vinson Treasurer | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $77,242 |
| All other contributions, gifts, grants, and similar amounts not included above | $72,524 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $149,766 |
| Total Program Service Revenue | $301,558 |
| Investment income | $48,324 |
| 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 | $499,648 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $165,030 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $11,579 |
| Payroll taxes | $15,546 |
| Fees for services: Management | $71,394 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,240 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,071 |
| Advertising and promotion | $6,273 |
| Office expenses | $14,571 |
| Information technology | $3,039 |
| Royalties | $0 |
| Occupancy | $26,322 |
| Travel | $971 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $294 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,562 |
| Insurance | $5,124 |
| All other expenses | $1,009 |
| Total functional expenses | $369,530 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $181,462 |
| Savings and temporary cash investments | $297,486 |
| 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 | $0 |
| Investments—other securities | $246,201 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $725,149 |
| Accounts payable and accrued expenses | $9,239 |
| 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 | $226,656 |
| Total liabilities | $235,895 |
| Net assets without donor restrictions | $489,254 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $725,149 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Assateague Coastal Trust Inc has recieved totaling $3,168.
| Awarding Organization | Amount |
|---|---|
Joan W Jenkins Foundation Ocean City, MD PURPOSE: UNRESTRICTED | $2,000 |
Live Give Run Foundation Timonium, MD PURPOSE: DONATION FOR GENERAL CAUSE | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $168 |
Endowment Analysis
| Beg. Balance | $173,430 |
| Earnings | -$7,070 |
| Admin Expense | $1,743 |
| Other Expense | $7,791 |
| Ending Balance | $156,826 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Berger Action Fund Inc Washington, DC | $351,661,665 | $309,671,160 |
Student Conservation Association Inc Arlington, VA | $24,445,728 | $38,897,444 |
The Alliance For Climate Protection Washington, DC | $25,753,907 | $26,022,257 |
National Recreation & Park Association Ashburn, VA | $21,753,457 | $20,081,113 |
Clean Future Forum Inc Washington, DC | $8,962,972 | $9,558,489 |
Chesapeake Bay Trust Annapolis, MD | $22,649,655 | $15,960,669 |
Council On Library And Information Resources Alexandria, VA | $9,356,231 | $5,065,712 |
Rights And Resources Institute Inc Washington, DC | $36,334,536 | $33,675,806 |
Business Network For Maryland Offshore Wind Inc Baltimore, MD | $8,195,711 | $11,516,807 |
Environmental Law Institute Inc Washington, DC | $12,016,596 | $6,844,953 |
Oyster Recovery Partnership Inc Annapolis, MD | $2,077,192 | $6,281,689 |
Citizens Conservation Corps Inc Beckley, WV | $2,179,540 | $6,277,989 |