Bald Head Island Conservancy Inc
- Assets
- $8.2m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 50
- Location
- Bald Head Island, NC
- Founding
- 08/1984
- Data as of
- 12/2021
- EIN
- 58-1574496
Organization Overview
Bald Head Island Conservancy Inc is located in Bald Head Island, NC. The organization was established in 1984. According to its NTEE Classification (C32) the organization is classified as: Water Resources, Wetlands Conservation & Management, under the broad grouping of Environment and related organizations. As of 12/2021, Bald Head Island Conservancy Inc employed 50 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bald Head Island Conservancy 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, Bald Head Island Conservancy Inc generated $2.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.2% each year . All expenses for the organization totaled $1.7m during the year ending 12/2021. While expenses have increased by 4.5% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
FOSTERING COMMUNITY BASED BARRIER ISLAND CONSERVATION, PRESERVATION AND EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL PROGRAMS AND RESEARCH ACTIVITIES - CONDUCT RESEARCH AND ORGANIZE CLASSES AND PROGRAMS TO EDUCATE PARTICIPANTS ON THE CONSERVATION OF ENVIRONMENTAL AREAS SURROUNDING BALD HEAD ISLAND, NC.
CONSERVATION AND PRESERVATION - GENERAL PROTECTION AND PROMOTION OF AWARENESS OF THE NATURAL RESOURCES AND ENVIRONMENT SURROUNDING BALD HEAD ISLAND, NC.
OPERATION OF GIFT SHOP SELLING ITEMS DESIGNED TO PROMOTE CONSERVATION AWARENESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
G Chris Shank Executive Di | Officer | 40 | $116,163 |
Katie Chatas President | OfficerTrustee | 1 | $0 |
John Cathcart Vice Preside | OfficerTrustee | 1 | $0 |
Randall Tuttle Secretary | OfficerTrustee | 1 | $0 |
Slaughter Fitz-Hugh Treasurer | OfficerTrustee | 1 | $0 |
Ginger Aydogdu Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $368,386 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,383,809 |
| Noncash contributions included in lines 1a–1f | $10,473 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,752,195 |
| Total Program Service Revenue | $140,171 |
| Investment income | $16,939 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $71,606 |
| Net Income from Fundraising Events | $193,185 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $477,981 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,683,964 |
| 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. | $123,695 |
| Compensation of current officers, directors, key employees. | $24,739 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $710,339 |
| Pension plan accruals and contributions | $44,199 |
| Other employee benefits | $46,826 |
| Payroll taxes | $67,710 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,519 |
| Fees for services: Accounting | $11,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,500 |
| Fees for services: Other | $7,886 |
| Advertising and promotion | $0 |
| Office expenses | $6,489 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $67,035 |
| Travel | $75,180 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,682 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $169,443 |
| Insurance | $73,800 |
| All other expenses | $50,551 |
| Total functional expenses | $1,678,366 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,024,698 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $13,759 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $249,157 |
| Prepaid expenses and deferred charges | $22,918 |
| Net Land, buildings, and equipment | $5,721,964 |
| Investments—publicly traded securities | $1,112,979 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $15,515 |
| Total assets | $8,160,990 |
| Accounts payable and accrued expenses | $65,574 |
| 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 | $7,000 |
| Total liabilities | $72,574 |
| Net assets without donor restrictions | $5,965,175 |
| Net assets with donor restrictions | $2,123,241 |
| 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 | $8,160,990 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Bald Head Island Conservancy Inc has recieved totaling $119,411.
| Awarding Organization | Amount |
|---|---|
F M Kirby Foundation Inc Morristown, NJ PURPOSE: IN SUPPORT OF 501C3 PURPOSE | $50,000 |
Rochester Area Community Foundation Rochester, NY PURPOSE: FOR GENERAL SUPPORT | $25,000 |
The Duke Energy Foundation Charlotte, NC PURPOSE: VIBRANT ECONOMIES | $20,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ENVIRONMENTAL AND ANIMALS | $12,350 |
Cynthia & Geo Mitchell Foundation The Woodlands, TX PURPOSE: BARRIER ISLAND CONSERVATION, PRESERVATION AND EDUCATION | $5,000 |
Black Dog Foundation The Plains, VA PURPOSE: GENERAL USE | $3,000 |
Endowment Analysis
| Beg. Balance | $1,144,649 |
| Earnings | $141,996 |
| Admin Expense | $7,500 |
| Net Contributions | $40,000 |
| Other Expense | $206,166 |
| Ending Balance | $1,112,979 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Trust For Tomorrow Fairfield, NC | $3,019,390 | $8,833,485 |
James River Association Richmond, VA | $10,495,721 | $10,578,861 |
Restore Americas Estuaries Arlington, VA | $2,538,068 | $5,189,869 |
South Carolina Coastal Conservation League Inc Charleston, SC | $21,181,148 | $6,299,915 |
Wine To Water Boone, NC | $5,319,856 | $5,244,290 |
Cumberland River Compact Inc Nashville, TN | $19,056,025 | $3,153,928 |
South Carolina Waterfowl Association Pinewood, SC | $14,916,355 | $3,978,394 |
The Barn Group Land Trust Inc Brooks, GA | $16,806,852 | $12,541,051 |
Virgina Maritime Association Inc Norfolk, VA | $2,448,779 | $2,548,472 |
Chattahoochee Riverkeeper Inc Atlanta, GA | $5,712,357 | $2,159,639 |
South Carolina Rural Water Association Columbia, SC | $1,337,809 | $1,997,665 |
American Whitewater Sylva, NC | $2,189,173 | $2,094,145 |