Mainspring Conservation Trust Inc
- Assets
- $18.4m
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 18
- Location
- Franklin, NC
- Founding
- 08/1999
- Data as of
- 12/2023
- 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 12/2023, Mainspring Conservation Trust Inc employed 18 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 12/2023, Mainspring Conservation Trust Inc generated $3.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $2.3m during the year ending 12/2023. While expenses have increased by 7.9% per year over the past 8 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
2023
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:
LAND IN 2023, MAINSPRING COMPLETED NINE LAND TRANSACTIONS, PROTECTING 430 ACRES IN WESTERN NORTH CAROLINA. -TWO SALES TO THE WILDLIFE RESOURCES COMMISSION WITHIN THE NEEDMORE GAME LANDS. -ONE FEE SIMPLE DONATION OF PROPERTY RECEIVED. -ONE SALE OF CONSERVED LAND TO A CONSERVATION-MINDED FAMILY NEW TO WESTERN NORTH CAROLINA. -ONE CE ACQUISITION WITH NCDA GRANT FUNDS -ONE CE SALE TO THE STATE OF NC WITH A GRANT FROM THE NC LAND AND WATER FUND. -THREE FEE SIMPLE LAND ACQUISITIONS. MAINSPRING CONTINUED TO MONITOR 93 CONSERVATION EASEMENTS TOTALING 14,296 ACRES AND 19 FEE SIMPLE PROPERTIES TOTALING 1,030 ACRES. VOLUNTEERS CONTRIBUTED MORE THAN 900 HOURS TO HELP IMPROVE THE LANDSCAPE THROUGH HABITAT MANAGEMENT AND RECREATIONAL IMPROVEMENTS.
WATER AS PART OF MAINSPRINGS RESTORATION PROGRAM, MAINSPRING BEGAN CONSTRUCTION ON A LARGE WETLAND-COMPLEX PROJECT. FURTHERMORE, SIX ADDITIONAL SITES HAVE BEEN IDENTIFIED FOR POTENTIAL RESTORATION AND A FEASIBILITY STUDY HAS COMMENCED. 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 60 EVENTS AROUND WATER TARGETED TO EITHER YOUTH EDUCATION, CITIZEN SCIENCE, OR COMMUNITY ENGAGEMENT.
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 | $89,080 |
David Adams Chair | OfficerTrustee | 3 | $0 |
James Stork Vice Chair | OfficerTrustee | 3 | $0 |
Hope Huskey Secretary | OfficerTrustee | 2 | $0 |
Jim Garner Treasurer | OfficerTrustee | 2 | $0 |
Chris Brouwer Board Member | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $669,802 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,428,862 |
| Noncash contributions included in lines 1a–1f | $573,640 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,098,664 |
| Total Program Service Revenue | $26,690 |
| Investment income | $85,073 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $12,603 |
| Net Gain/Loss on Asset Sales | $81,744 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,310,560 |
| 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. | $102,355 |
| Compensation of current officers, directors, key employees. | $18,619 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $553,571 |
| Pension plan accruals and contributions | $26,904 |
| Other employee benefits | $38,266 |
| Payroll taxes | $49,531 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $180,375 |
| Fees for services: Accounting | $19,190 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,691 |
| Fees for services: Other | $420,687 |
| Advertising and promotion | $2,283 |
| Office expenses | $26,708 |
| Information technology | $3,423 |
| Royalties | $0 |
| Occupancy | $13,101 |
| Travel | $34,003 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,947 |
| Interest | $10,596 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $61,902 |
| Insurance | $39,553 |
| All other expenses | $56,560 |
| Total functional expenses | $2,346,311 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $36,128 |
| Savings and temporary cash investments | $2,230,601 |
| Pledges and grants receivable | $207,964 |
| 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 | $32,925 |
| Net Land, buildings, and equipment | $13,201,128 |
| Investments—publicly traded securities | $663,887 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $75,260 |
| Other assets | $1,919,736 |
| Total assets | $18,367,629 |
| Accounts payable and accrued expenses | $86,807 |
| Grants payable | $0 |
| Deferred revenue | $1,020,107 |
| 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 | $145,975 |
| Unsecured mortgages and notes payable | $142,000 |
| Other liabilities | $28,178 |
| Total liabilities | $1,423,067 |
| Net assets without donor restrictions | $15,498,344 |
| Net assets with donor restrictions | $1,446,218 |
| 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 | $18,367,629 |