Wolf River Conservancy Inc
- Assets
- $8.3m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 12
- Location
- Memphis, TN
- Founding
- 10/1985
- Data as of
- 12/2022
- EIN
- 62-1245975
Organization Overview
Wolf River Conservancy Inc is located in Memphis, TN. 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 12/2022, Wolf River Conservancy Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wolf River 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 12/2022, Wolf River Conservancy Inc generated $1.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (17.4%) each year. All expenses for the organization totaled $9.3m during the year ending 12/2022. 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
CONSERVATION OF THE WOLF RIVER ENVIRONMENT AND EDUCATE THE PUBLIC ON THE IMPORTANACE OF CONSERVATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PAID TO DESIGN AND MAINTAIN THE NATURAL GREENWAY ALONG THE WOLF RIVER. THIS GREENWAY WILL BE USED FOR CONSERVATION, A NATURAL RESOURCE FOR PUBLIC EDUCATION, AND LOW IMPACT RECREATIONAL ACTIVITIES FOR THE GENERAL PUBLIC.
THE ORGANIZATION HELD ITS ANNUAL GREENWAY DINNER. THIS EVENT PROVIDES THE ORGANIZATION THE OPPORTUNITY TO EDUCATE THE PUBLIC ABOUT THE WOLF RIVER. IT ALSO PROMOTES THE CONSERVATION OF THE RIVER BY INFORMING THE PEOPLE HOW IMPORTANT THE RIVER IS TO THE ENVIRONMENT OF THE MID-SOUTH REGION.
THE ORGANIZATION HOLDS VARIOUS EDUCATION PROGRAMS THROUGHOUT THE YEAR TO TEACH PEOPLE ABOUT THE IMPORTANCE OF THE WOLF RIVER AND ITS CONSERVATION. THERE WAS ALSO A DONATION OF THE GREENWAY TRAIL TO THE CITY OF MEMPHIS IN 2022 TOTALING 7,854,474.
OTHER PROGRAM SERVICES INCLUDE A PERCENTAGE OF SALARIES, OTHER COST OF ACTIVITIES, ETC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Keith Cole Executive Di | $117,828 | ||
Kassandra Bernskoetter Director | Trustee | $0 | |
Will Bladt Director | Trustee | $0 | |
Darin Blunck Vice Preside | OfficerTrustee | $0 | |
Jim Davis Director | Trustee | $0 | |
Scott Dawson Director | Trustee | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Chris Hill Construction Company Construction | 12/30/22 | $801,828 |
Frazer Environmental Consulting Llc Contract Labor | 12/30/22 | $102,574 |
Alta Planning And Design Planning And De | 12/30/22 | $101,876 |
Bailey Bridges Inc Bridge Downpaym | 12/30/22 | $104,772 |
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 | $1,710,785 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,710,785 |
| Total Program Service Revenue | $0 |
| Investment income | $23,978 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $54,293 |
| Net Income from Fundraising Events | $73,542 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,862,598 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $834,786 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $288,174 |
| Advertising and promotion | $35,928 |
| Office expenses | $125,587 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $59,805 |
| Travel | $10,225 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,017 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,380 |
| Insurance | $13,494 |
| All other expenses | $4,500 |
| Total functional expenses | $9,297,800 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,510,546 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $74,899 |
| 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 | $1,672,867 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,005,856 |
| Total assets | $8,264,168 |
| Accounts payable and accrued expenses | $96,929 |
| Grants payable | $372,955 |
| 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 | $25,694 |
| Total liabilities | $495,578 |
| Net assets without donor restrictions | $5,832,201 |
| Net assets with donor restrictions | $1,936,389 |
| 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 | $8,264,168 |