Highland-Cashiers Land Trust Inc
- Assets
- $30.1m
- Revenue
- $4.5m
- Investments
- $0.0
- Employees
- 5
- Location
- Highlands, NC
- Founding
- 03/1985
- Data as of
- 12/2021
- EIN
- 56-1216642
Organization Overview
Highland-Cashiers Land Trust Inc is located in Highlands, NC. The organization was established in 1985. According to its NTEE Classification (C34) the organization is classified as: Land Resources Conservation, under the broad grouping of Environment and related organizations. As of 12/2021, Highland-Cashiers Land Trust Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Highland-Cashiers Land 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, Highland-Cashiers Land Trust Inc generated $4.5m 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 (6.9%) each year. All expenses for the organization totaled $499.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (8.8%) per year over the past 7 years. 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
THE MISSION OF HIGHLANDS-CASHIERS LAND TRUST, INC. (HCLT) IS TO IDENTIFY AND PRESERVE PLACES OF EXCEPTIONAL NATURAL BEAUTY, VALUABLE NATURAL RESOURCE, AND THREATENED WILDLIFE HABITAT THROUGH APPROPRIATE CONSERVATION MEASURES AND TO PROTECT VALUABLE LAND RESOURCES FOR ALL GENERATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2021 THE HIGHLANDS CASHIERS LAND TRUST (HCLT) COMPLETED ELEVEN LAND PROJECTS: TWO NEW CONSERVATION EASEMENTS (31.32 ACRES); AMENDED FOUR EXISTING CONSERVATION EASEMENTS (144 ACRES); ACCEPTED FOUR FEE SIMPLE DONATIONS (95.3 ACRES); AND SOLD 0.1 ACRE TO A NEIGHBOR. WE WORKED IN CONJUNCTION WITH THE SOUTHERN APPALACHIAN HIGHLANDS CONSERVANCY TO PROTECT TWO PROPERTIES IN THE REGION TOTALING NEARLY 250 ACRES. AS OF THE END OF 2021 HCLT CONSERVES 4072 ACRES IN 121 PLACES. . COMPLETED 100% MONITORING OF ALL CONSERVATION EASEMENT AND FEE SIMPLE LANDS HELD BY HCLT. WORKED WITH CONSERVATION EASEMENT LAND-OWNERS TO ENSURE PROTECTION OF RESPECTIVE CONSERVATION VALUES AND IMPROVEMENTS OF VARIOUS RARE HABITAT TYPES AND PLANT COMMUNITIES THROUGH PERPETUITY. CONTINUED TO MAINTAIN PUBLIC ACCESS HIKING TRAILS AND VIEW SHED AREAS ACROSS THE HIGHLANDS- CASHIERS PLATEAU. ENGAGED THE LOCAL COMMUNITY TO BUILD VOLUNTEER BASES TO TACKLE VARIOUS PROJECTS SUCH AS TRAIL MAINTENANCE, TRAIL IMPROVEMENTS, NEW PUBLIC ACCESS AREA DEVELOPMENT, INVASIVE SPECIES TREATMENT, AND HABITAT RESTORATION.
HCLT'S EDUCATION AND OUTREACH EFFORTS FOCUS ON EDUCATING THE PUBLIC ABOUT CONSERVATION AND THE NATURAL WORLD BY PROVIDING OPPORTUNITIES FOR CHILDREN, FAMILIES, AND ADULTS TO ENGAGE IN HANDS-ON NATURE EDUCATION AND EXPLORATION ACTIVITIES AT NO COST. OUR PROGRAMS GENERALLY FALL INTO THREE CATEGORIES: GUIDED HIKES (ECOTOURS), YOUTH ENVIRONMENTAL EDUCATION PROGRAMS (KIDS IN NATURE), AND COMMUNITY SPEAKER EVENTS (VILLAGE NATURE SERIES). IN 2021, WE LED THREE ECOTOURS FOR 46 PARTICIPANTS, 34 KIDS IN NATURE PROGRAMS FOR 481 CHILDREN, AND FIVE VILLAGE NATURE SERIES EVENTS (3 VIRTUAL, 2 IN-PERSON) FOR A TOTAL OF 137 PARTICIPANTS.
THE LAND TRUST CONTINUES TO ENSURE THAT IT OPERATES ETHICALLY, MORALLY, AND LEGALLY. HCLT IS AN ACCREDITED ORGANIZATION BY THE LAND TRUST ALLIANCE AND OPERATES UNDER A SET OF LAND TRUST PRACTICES AND STANDARDS. HCLT SEEKS TO MAINTAIN APPROPRIATE INSURANCE COVERAGE AND COMPLETED AN ANNUAL FINANCIAL AUDIT OF ITS 2021 FISCAL YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Wein Executive Director | Officer | 40 | $78,182 |
F Carlton King President | OfficerTrustee | 2 | $0 |
Jeffrey Zahner Vice President | OfficerTrustee | 1 | $0 |
Ann Huckstep Secretary | OfficerTrustee | 2 | $0 |
Karen Patterson Treasurer | OfficerTrustee | 2 | $0 |
Name Not Listed Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $8,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,437,088 |
| Noncash contributions included in lines 1a–1f | $2,936,788 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,445,588 |
| Total Program Service Revenue | $12,395 |
| Investment income | $11,882 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $35,997 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,506,068 |
| 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. | $80,457 |
| Compensation of current officers, directors, key employees. | $16,091 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $128,776 |
| Pension plan accruals and contributions | $16,666 |
| Other employee benefits | $11,513 |
| Payroll taxes | $14,677 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,553 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,724 |
| Fees for services: Other | $113,246 |
| Advertising and promotion | $0 |
| Office expenses | $9,334 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,343 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,187 |
| Insurance | $12,304 |
| All other expenses | $19,182 |
| Total functional expenses | $499,642 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $743,564 |
| Savings and temporary cash investments | $410,945 |
| 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 | $27,550,126 |
| Investments—publicly traded securities | $1,136,526 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $302,942 |
| Total assets | $30,144,103 |
| Accounts payable and accrued expenses | $32,627 |
| 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 | $32,627 |
| Net assets without donor restrictions | $12,417,828 |
| Net assets with donor restrictions | $17,693,648 |
| 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 | $30,144,103 |
Grants Recieved
Over the last fiscal year, we have identified 27 grants that Highland-Cashiers Land Trust Inc has recieved totaling $129,000.
| Awarding Organization | Amount |
|---|---|
The Community Foundation Of Western North Carolina Inc Asheville, NC PURPOSE: ENHANCING THE ENVIRONMENT | $36,500 |
Conservation Trust For North Carolina Raleigh, NC PURPOSE: Land owner outreach and education, assistance with transaction costs and land acquisition costs on land with high conservation values. | $18,350 |
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: ENVIRONMENT & ANIMAL PROTECTION | $18,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ENVIRONMENTAL AND ANIMALS | $11,550 |
Robert F Lanzillotti Fam Foundation Pennington, NJ PURPOSE: UNRESTRICTED GENERAL | $11,000 |
Patrick Family Foundation Inc Decatur, GA PURPOSE: OPERATING BUDGET | $5,000 |
Endowment Analysis
| Beg. Balance | $269,686 |
| Earnings | $27,980 |
| Admin Expense | $2,724 |
| Net Contributions | $8,000 |
| Ending Balance | $302,942 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United States Endowment Forforestry And Communities Inc Greenville, SC | $281,516,467 | $12,302,581 |
Volgenau Foundation Mclean, VA | $0 | $62,996,362 |
Beaufort County Open Land Trust Inc Beaufort, SC | $14,492,807 | $10,201,216 |
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 |
Lowcountry Land Trust Inc Charleston, SC | $27,548,419 | $2,955,338 |