Highland-Cashiers Land Trust Inc
- Assets
- $30.4m
- Revenue
- $773.1k
- Investments
- $0.0
- Employees
- 6
- Location
- Highlands, NC
- Founding
- 03/1985
- Data as of
- 12/2023
- 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 12/2023, Highland-Cashiers Land Trust Inc employed 6 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 12/2023, Highland-Cashiers Land Trust Inc generated $773.1k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (2.9%) each year. All expenses for the organization totaled $580.7k 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
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 2023 THE HIGHLANDS CASHIERS LAND TRUST (HCLT) COMPLETED FOUR LAND PROJECTS: THREE NEW CONSERVATION EASEMENTS (78 ACRES)AND ONE FEE SIMPLE DONATION (<1 ACRE). AS OF THE END OF 2023 HCLT CONSERVES 3,813 ACRES IN 118 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.
HCLTS 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 2023, WE LED NINE ECOTOURS FOR 143 PARTICIPANTS, 40 KIDS IN NATURE PROGRAMS FOR 820 CHILDREN, AND SIX VILLAGE NATURE SERIES EVENTS FOR A TOTAL OF 224 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 2023 FISCAL YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lance Hardin Executive Director | Officer | 40 | $79,927 |
F Carlton King President | OfficerTrustee | 5 | $0 |
Bill Mauldin Vice President | OfficerTrustee | 2 | $0 |
Martha Wright Secretary | OfficerTrustee | 2 | $0 |
Karen Patterson Treasurer | OfficerTrustee | 2 | $0 |
Brad Armstrong Board Member | Trustee | 2 | $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 | $636,630 |
| Noncash contributions included in lines 1a–1f | $87,049 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $636,630 |
| Total Program Service Revenue | $17,923 |
| Investment income | $21,957 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $94,769 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $773,125 |
| 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. | $84,727 |
| Compensation of current officers, directors, key employees. | $25,034 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $220,951 |
| Pension plan accruals and contributions | $14,698 |
| Other employee benefits | $2,065 |
| Payroll taxes | $25,831 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $526 |
| Fees for services: Accounting | $23,188 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $20,429 |
| Fees for services: Other | $4,500 |
| Advertising and promotion | $5,407 |
| Office expenses | $16,032 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $14,570 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,503 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,862 |
| Insurance | $13,094 |
| All other expenses | $17,206 |
| Total functional expenses | $580,742 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $259,793 |
| Savings and temporary cash investments | $225,411 |
| 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 | $26,649,616 |
| Investments—publicly traded securities | $3,177,517 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $119,207 |
| Total assets | $30,431,544 |
| Accounts payable and accrued expenses | $1,380 |
| 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 | $1,380 |
| Net assets without donor restrictions | $12,453,591 |
| Net assets with donor restrictions | $17,976,573 |
| 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 | $30,431,544 |