Mainspring Conservation Trust Inc
- Assets
- $16.6m
- Revenue
- $8.1m
- Investments
- $0.0
- Employees
- 17
- Location
- Franklin, NC
- Founding
- 08/1999
- Data as of
- 12/2021
- EIN
- 56-2142199
Organization Overview
Mainspring Conservation Trust Inc is located in Franklin, NC. The organization was established in 1999. 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, Mainspring Conservation Trust Inc employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mainspring Conservation 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, Mainspring Conservation Trust Inc generated $8.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 22.1% each year . All expenses for the organization totaled $4.8m during the year ending 12/2021. While expenses have increased by 20.8% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
LOCATED IN THE HEART OF THE SOUTHERN BLUE RIDGE, THE MISSION OF MAINSPRING CONSERVATION TRUST IS TO CONSERVE THE WATERS, FORESTS, FARMS AND HERITAGE OF THE UPPER LITTLE TENNESSEE AND HIWASSEE RIVER VALLEYS.
Describe the Organization's Program Activity:
IN 2021, MAINSPRING CONSERVED 1,200 ACRES IN 11 TRANSACTIONS, INCLUDING FIVE NEW CONSERVATION EASEMENTS. MAINSPRING ALSO PLACED RESTRICTIONS ON TWO PROPERTIES TO LIMIT DEVELOPMENT RIGHTS, THEN DIVESTED THEM TO CONSERVATION BUYERS. MAINSPRING ACQUIRED SEVEN PROPERTIES IN MACON AND JACKSON COUNTIES, INCLUDING ONE PROPERTY PURCHASED THROUGH FUNDING FROM A NORTH CAROLINA LAND AND WATER FUND GRANT. MAINSPRING ALSO RECEIVED A DONATION OF 325 ACRES OF FORESTED LAND IN MACON COUNTY ON ONION MOUNTAIN. MAINSPRING CONSERVED MORE THAN 340 ACRES OF PRIME FARMLAND ON THE VALLEY RIVER IN CHEROKEE COUNTY, UTILIZING GRANTS FROM THE AGRICULTURAL DEVELOPMENT AND FARMLAND PRESERVATION TRUST FUND, AS WELL AS THE NATURAL RESOURCES CONSERVATION SERVICES AGRICULTURAL LANDS EASEMENT PROGRAM. MAINSPRING CONTINUED TO MONITOR 81 CONSERVATION EASEMENTS TOTALING 13,300 ACRES AND 20 FEE PROPERTIES TOTALING 1,869 ACRES. VOLUNTEERS CONTRIBUTED MORE THAN 469 HOURS TO HELP IMPROVE THE LANDSCAPE THROUGH HABITAT MANAGEMENT AND RECREATIONAL IMPROVEMENTS.
RESTORATION: AS PART OF MAINSPRING'S RESTORATION PROGRAM, MAINSPRING IMPROVED 1,600 FEET OF STREAMBANK BY PLANTING TREES AND PERMITTED CONSTRUCTION. BEYOND STABILIZING STREAMBANKS BY LIMITING EROSION, THESE SHRUBS AND TREES WILL BUFFER STREAM TEMPERATURES DURING WARM MONTHS, PROVIDE A SOURCE OF FOOD AND HABITAT TO FISH AND OTHER AQUATIC ORGANISMS, AND SOAK UP EXCESS NUTRIENTS FROM THE LAND. MAINSPRING ALSO HELD 43 EVENTS AROUND WATER TARGETED TO YOUTH EDUCATION, CITIZEN SCIENCE, AND/OR COMMUNITY ENGAGEMENT. THESE EVENTS INCLUDED FOUR TRASH PICKUPS, 27 FISH BIOMONITORING SURVEYS, AND 8 SNORKELING EVENTS.
CULTURAL HERITAGE: MAINSPRING CONTINUED ITS EFFORTS TO CONSERVE SIGNIFICANT CULTURAL HERITAGE AREAS AND TO FACILITATE ENHANCED MANAGEMENT AND NON-INVASIVE RESEARCH TO BETTER UNDERSTAND THESE RESOURCES. THROUGH PARTNERSHIP WITH THE EASTERN BAND OF CHEROKEE INDIANS, WESTERN CAROLINA UNIVERSITY, THE CHEROKEE PRESERVATION FOUNDATION, THE NC TRAIL OF TEARS ASSOCIATION, AND OTHERS WORK CONTINUES TO IDENTIFY CULTURALLY-SIGNIFICANT UNPROTECTED SITES AND ENSURE THEY ARE CONSERVED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jordan Smith Executive Director | Officer | 40 | $76,774 |
Jason Love Chair | OfficerTrustee | 4 | $0 |
David Adams Vice Chair | OfficerTrustee | 4 | $0 |
James Stork Secretary | OfficerTrustee | 4 | $0 |
Rita Salain Treasurer | OfficerTrustee | 4 | $0 |
Connie Haire Immediate Past Chair | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,598,316 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,354,136 |
| Noncash contributions included in lines 1a–1f | $899,158 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,952,452 |
| Total Program Service Revenue | $25,340 |
| Investment income | $31,903 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $16,515 |
| Net Gain/Loss on Asset Sales | $64,858 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,106,773 |
| 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. | $88,765 |
| Compensation of current officers, directors, key employees. | $15,248 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $509,621 |
| Pension plan accruals and contributions | $27,534 |
| Other employee benefits | $37,875 |
| Payroll taxes | $47,970 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,946 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $12,052 |
| Fees for services: Other | $209,414 |
| Advertising and promotion | $71 |
| Office expenses | $11,893 |
| Information technology | $16,800 |
| Royalties | $0 |
| Occupancy | $25,514 |
| Travel | $14,399 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,285 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $39,602 |
| Insurance | $35,981 |
| All other expenses | $80,240 |
| Total functional expenses | $4,770,872 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $89,849 |
| Savings and temporary cash investments | $3,088,951 |
| Pledges and grants receivable | $17,077 |
| 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 | $19,585 |
| Net Land, buildings, and equipment | $11,467,826 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,069 |
| Other assets | $1,943,974 |
| Total assets | $16,628,331 |
| Accounts payable and accrued expenses | $77,861 |
| Grants payable | $0 |
| Deferred revenue | $126,195 |
| 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 | $1,463,799 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $23,728 |
| Total liabilities | $1,691,583 |
| Net assets without donor restrictions | $12,601,859 |
| Net assets with donor restrictions | $2,334,889 |
| 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 | $16,628,331 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Mainspring Conservation Trust Inc has recieved totaling $2,840,235.
| Awarding Organization | Amount |
|---|---|
Foundation For The Carolinas Charlotte, NC PURPOSE: CHARITABLE GIFT | $2,725,540 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $35,310 |
Conservation Trust For North Carolina Raleigh, NC PURPOSE: Assistance with transaction costs and land acquisition costs on land with high conservation values. | $17,500 |
The Community Foundation For Greater Atlanta Inc Atlanta, GA PURPOSE: ENVIRONMENT | $15,000 |
Appalachian Trail Conservancy Harpers Ferry, WV PURPOSE: WILD EAST GRANT (CAPACITY BUILDING) | $15,000 |
The Community Foundation For Greater Atlanta Inc Atlanta, GA PURPOSE: ENVIRONMENT | $10,500 |
Endowment Analysis
| Beg. Balance | $1,296,302 |
| Earnings | $169,645 |
| Admin Expense | $12,052 |
| Net Contributions | $37,175 |
| Other Expense | $27,337 |
| Ending Balance | $1,463,733 |
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 |