Conestee Foundation Inc
- Assets
- $3.8m
- Revenue
- $937.4k
- Investments
- $0.0
- Employees
- 12
- Location
- Conestee, SC
- Founding
- 03/2001
- Data as of
- 12/2022
- EIN
- 57-1093930
Organization Overview
Conestee Foundation Inc, operating under the name Lake Conestee Nature Preserve, is located in Conestee, SC. The organization was established in 2001. According to its NTEE Classification (C27) the organization is classified as: Recycling, under the broad grouping of Environment and related organizations. As of 12/2022, Lake Conestee Nature Preserve employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Conestee Nature Preserve 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, Lake Conestee Nature Preserve generated $937.4k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.6% each year . All expenses for the organization totaled $883.8k during the year ending 12/2022. While expenses have increased by 13.0% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
CONESTEE FOUNDATION, INC. WAS FOUNDED TO DEVELOP THE LAKE CONESTEE NATURE PRESERVE IN GREENVILLE COUNTY, SC. THE FOUNDATION PROMOTES ENVIRONMENTAL STEWARDSHIP OF THE PROPERTY AND PROVIDES EDUCATIONAL PROGRAMMING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION OWNS AND OPERATES THE LAKE CONESTEE NATURE PARK IN GREENVILLE COUNTY, SC, PROVIDING PUBLIC ACCESS 365 DAYS PER YEAR. THE FOUNDATION LEASES LAKE CONESTEE NATURE PARK TO GREENVILLE COUNTY PARKS RECREATION AND TOURISM TO INCLUDE IN THE COUNTY'S PORTFOLIO OF PARKS. THE COUNTY SHARES RESPONSIBILITY WITH THE FOUNDATION TO MAINTAIN THE PARK INFRASTRUCTURE. THE FOUNDATION CONTINUES TO ASSIST WITH BUILDING ADDITIONAL FEATURES AND REPAIRING AND MAINTAINING THE INFRASTRUCTURE. THE NATURE PARK IS A PUBLIC GREENSPACE AND RECREATION DESTINATION USED TO OPERATE A VIBRANT EDUCATION PROGRAM AND PROTECT LOCAL WILDLIFE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Corley Executive Di | Officer | 40 | $84,305 |
Bill Bridges Chair | OfficerTrustee | 3 | $0 |
Rebecca West Vice Chair | OfficerTrustee | 2 | $0 |
Lester Lippincott Treasurer | OfficerTrustee | 1 | $0 |
Valerie Hollinger Secretary | OfficerTrustee | 2 | $0 |
John Gardner Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $414,347 |
| All other contributions, gifts, grants, and similar amounts not included above | $388,151 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $802,498 |
| Total Program Service Revenue | $55,187 |
| Investment income | $241 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $4,200 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $77,828 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$2,574 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $937,380 |
| 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. | $84,305 |
| Compensation of current officers, directors, key employees. | $42,153 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $348,434 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $55,963 |
| Payroll taxes | $33,901 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,499 |
| Fees for services: Lobbying | $13,708 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $18,836 |
| Advertising and promotion | $0 |
| Office expenses | $16,180 |
| Information technology | $6,383 |
| Royalties | $0 |
| Occupancy | $29,185 |
| 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 | $155,440 |
| Insurance | $5,711 |
| All other expenses | $43,209 |
| Total functional expenses | $883,814 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $447,449 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $38,680 |
| 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 | $10,120 |
| Net Land, buildings, and equipment | $3,295,242 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,791,491 |
| Accounts payable and accrued expenses | $10,832 |
| 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 | $10,832 |
| Net assets without donor restrictions | $510,753 |
| Net assets with donor restrictions | $3,269,906 |
| 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 | $3,791,491 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Call2recycle Inc Atlanta, GA | $23,508,007 | $18,493,931 |
Ag Container Recycling Council Apex, NC | $11,297,767 | $7,195,657 |
The United States Composting Council Raleigh, NC | $1,097,553 | $1,973,245 |
Recycled Paperboard Technical Association Alpharetta, GA | $1,862,822 | $1,282,765 |
Conservation Voters Of South Carolina Education Fund Columbia, SC | $733,100 | $1,019,314 |
Conestee Foundation Inc Conestee, SC | $3,791,491 | $937,380 |
Reconsidered Goods Greensboro, NC | $447,565 | $778,108 |
Composting Council Research And Raleigh, NC | $221,455 | $470,306 |
100 Percent Recycled Paperboard Alliance Inc Alpharetta, GA | $302,398 | $421,621 |
Carolina Recycling Association Greenville, SC | $530,472 | $388,893 |
Recraft Creative Reuse Center Greenville, SC | $50,958 | $302,196 |
The Pedal Factory Salisbury, NC | $34,025 | $0 |
Recycle Repurpose Restore R3 Newnan, GA | $3,919 | $0 |