Mathews County Land Conservancy
- Assets
- $4.2m
- Revenue
- $76.1k
- Investments
- $0.0
- Employees
- 1
- Location
- Mathews, VA
- Founding
- 08/1994
- Data as of
- 12/2022
- EIN
- 54-1705572
Organization Overview
Mathews County Land Conservancy is located in Mathews, VA. The organization was established in 1994. 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. Mathews County Land Conservancy 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 12/2022, Mathews County Land Conservancy generated $76.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (28.5%) each year. All expenses for the organization totaled $78.5k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PRESERVE/RESTORE WILLIAMS WHARF AND PROVIDE WATER ACTIVIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRESERVE & RESTORE THE WILLIAMS WHARF AREA LOCATION ON THE EAST RIVER IN MATHEWS CO & PROVIDE A RECREATION AREA & MUSEUM FOR BOATING & OTHER WATER ACTIVITES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Craig Deremer Director | OfficerTrustee | 1 | $0 |
Tim Hudgins President | OfficerTrustee | 2 | $0 |
Jim Wesson Director | OfficerTrustee | 1 | $0 |
Danette Machen Secretary | OfficerTrustee | 2 | $0 |
Bernadette Lacasse Vice Preside | Trustee | 2 | $0 |
Steve Hospodar Director | Trustee | 1 | $0 |
Financial Statements
| 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 | $47,965 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $47,965 |
| Total Program Service Revenue | $7,500 |
| Investment income | $9 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$6,513 |
| Net Income from Fundraising Events | $27,052 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $76,096 |
| 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 | $18,953 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,447 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,551 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $9,085 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $21,624 |
| Insurance | $17,401 |
| All other expenses | $767 |
| Total functional expenses | $78,482 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $56,461 |
| Savings and temporary cash investments | $10,958 |
| 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 | $4,168,784 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,236,203 |
| 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 | $198,154 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,060 |
| Total liabilities | $199,214 |
| 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 | $4,036,989 |
| Total liabilities and net assets/fund balances | $4,236,203 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Mathews County Land Conservancy has recieved totaling $28,952.
| Awarding Organization | Amount |
|---|---|
The Community Foundation Inc Richmond, VA PURPOSE: GENERAL PURPOSES | $28,874 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $78 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Southern Appalachian Highlands Conservancy Asheville, NC | $74,900,022 | $12,655,425 |
Piedmont Environmental Council Warrenton, VA | $11,176,423 | $6,128,085 |
Ward Burton Wild Life Foundation Halifax, VA | $25,797,227 | $8,618,554 |
Mainspring Conservation Trust Inc Franklin, NC | $16,628,331 | $8,106,773 |
Conserving Carolina Hendersonville, NC | $28,294,759 | $6,454,871 |
Blue Ridge Conservancy Boone, NC | $19,039,159 | $5,980,472 |
North Carolina Coastal Land Trust Wilmington, NC | $57,014,249 | $7,074,843 |
Three Rivers Land Trust Inc Salisbury, NC | $28,118,166 | $3,204,068 |
Land Trust For Tennessee Inc Nashville, TN | $24,045,092 | $4,129,324 |
Land Preservation Trust Inc Cockeysville, MD | $3,484,964 | $2,822,614 |
Triangle Land Conservancy Inc Durham, NC | $152,779,230 | $18,713,081 |
Catawba Lands Conservancy Charlotte, NC | $41,867,987 | $8,032,121 |