Cove Point Natural Heritage Trust Inc
- Assets
- $5.6m
- Revenue
- $388.0k
- Investments
- $3.6m
- Employees
- 0
- Location
- Lusby, MD
- Founding
- 10/1995
- Data as of
- 12/2021
- EIN
- 52-1910341
Organization Overview
Cove Point Natural Heritage Trust Inc is located in Lusby, MD. The organization was established in 1995. According to its NTEE Classification (C34) the organization is classified as: Land Resources 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. Cove Point Natural Heritage 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, Cove Point Natural Heritage Trust Inc generated $388.0k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $232.5k during the year ending 12/2021. While expenses have increased by 9.0% per year over the past 4 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRESERVATION AND PROTECTION: PAYMENTS FOR RESEARCH CONTRACTS AND EXPENSES ASSOCIATED WITH MAINTAINING THE PROPERTIES OWNED BY COVE POINT FOR PRESERVATION OF LAND & ENVIRONMENT.
ADMINISTRATIVE EXPENSES PAID IN ORDER TO REACH GOALS AND PURPOSE OF ORGANIZATION
EDUCATION OF COMMUNITY RELATED TO PRESERVATION OF LAND AND THE ENVIRONMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Boxwell Business Mgr. | 40 | $52,224 | |
Mildred Kriemelmeyer Trustee | 0 | $0 | |
Mike Rudy President | 0 | $0 | |
Michael Gardner Vice Pres. | 0 | $0 | |
Frank Brayton Treasurer | 0 | $0 | |
Lila West Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $250,035 |
| Interest on Savings | $8 |
| Dividends & Interest | $121,089 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $199,020 |
| Net ST Capital Gain | $199,020 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $27 |
| Total Revenue | $387,964 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $54,836 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $36,936 |
| Taxes | $9,634 |
| Depreciation | $14,971 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $853 |
| Printing and publications | $0 |
| Other expenses | $38,192 |
| Total operating and administrative expenses | $206,348 |
| Contributions, gifts, grants paid | $26,178 |
| Total expenses and disbursements | $232,526 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $33,547 |
| Savings and temporary cash investments | $179,444 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,731 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $3,604,816 |
| Net Land, buildings, and equipment | $1,614,240 |
| Other assets | $195,549 |
| Total assets | $5,632,327 |
| Accounts payable and accrued expenses | $12,127 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $729,945 |
| Other liabilities | $0 |
| Total liabilities | $742,072 |
Grants Awarded
Over the last fiscal year, Cove Point Natural Heritage Trust Inc has awarded $26,178 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
ST MARY'S RIVER WATERSHED ASSOCIATION INC PURPOSE: ENVIRONMENTAL | $7,500 |
PRINCE GEORGE'S CONTY DEPARTMENT OF PARKS AND REC PURPOSE: ENVIRONMENTAL | $6,116 |
BRENT STUERY PURPOSE: ENVIRONMENTAL | $3,200 |
ANNE ARUNDEL COMM COLLEGE PURPOSE: ENVIRONMENTAL | $3,000 |
ST MARY'S COLLEGE PURPOSE: ENVIRONMENTAL | $2,588 |
COLLEGE OF SOUTHER MARYLAND FOUNDATION PURPOSE: EDUCATION | $1,274 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Urban Land Institute Washington, DC | $92,103,819 | $79,416,255 |
Wilderness Society Washington, DC | $92,421,140 | $42,014,694 |
Western Pennsylvania Conservancy Pittsburgh, PA | $113,802,863 | $21,943,336 |
Volgenau Foundation Mclean, VA | $0 | $62,996,362 |
Natural Lands Trust Incorporated Media, PA | $288,000,033 | $16,114,941 |
Lancaster Farmland Trust Strasburg, PA | $11,698,413 | $9,676,102 |
Piedmont Environmental Council Warrenton, VA | $11,176,423 | $6,128,085 |
Ward Burton Wild Life Foundation Halifax, VA | $25,797,227 | $8,618,554 |
Wildlands Conservancy Inc Emmaus, PA | $12,037,986 | $4,624,633 |
Land Preservation Trust Inc Cockeysville, MD | $3,484,964 | $2,822,614 |
National Park Trust Inc Rockville, MD | $5,183,362 | $2,956,887 |
Greentrust Alliance Inc Elkridge, MD | $3,574,474 | $1,758,433 |