Cumberland River Compact Inc
- Assets
- $19.1m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 38
- Location
- Nashville, TN
- Founding
- 02/1998
- Data as of
- 03/2022
- EIN
- 62-1709756
Organization Overview
Cumberland River Compact Inc is located in Nashville, TN. The organization was established in 1998. 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 03/2024, Cumberland River Compact Inc employed 38 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cumberland River Compact 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 03/2022, Cumberland River Compact Inc generated $3.2m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 13.6% each year . All expenses for the organization totaled $3.2m during the year ending 03/2022. While expenses have increased by 16.4% 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
TO ENHANCE THE HEALTH AND ENJOYMENT OF THE CUMBERLAND RIVER AND ITS TRIBUTARIES THROUGH EDUCATION, COLLABORATION AND ACTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STREAM RESTORATION PROJECTS STRIVE TO IMPROVE WATER QUALITY BY RESTORING STREAMS AND WATERWAYS THROUGHOUT THE CUMBERLAND RIVER BASIN. THE ORGANIZATION ALSO OPERATES A COMPENSATORY MITIGATION STREAM RESTORATION IN-LIEU FEE (ILF) PROGRAM WHOSE PURPOSE IS TO SATISFY COMPENSATORY MITIGATION REQUIREMENTS FOR PERMITS ISSUED UNDER THE CLEAN WATER ACT. THE OBJECTIVES OF THIS PROGRAM ARE TO IMPLEMENT EFFECTIVE STREAM RESTORATION, ENHANCEMENT, ESTABLISHMENT AND PRESERVATION PROJECTS TO COMPENSATE FOR THE LOSS OF ECOLOGICAL FUNCTIONS AFFECTED BY PERMITTED ACTIVITIES.
URBAN WATERS WORKS TO IMPROVE INFRASTRUCTURE OF STORMWATER RUNOFF BY PLANTING TREES AND BUILDING RAIN GARDENS.
OUTREACH AND EDUCATION IS ACHIEVED THROUGH SPECIAL SCHOOL PROGRAMS AND REGULAR RIVER TALK PROGRAMS WHICH SEEK TO EDUCATE THE PUBLIC ABOUT WATERSHED STEWARDSHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Shiflett Director | Trustee | 2 | $0 |
Keith Aulson Director | Trustee | 2 | $0 |
Chris Cannon Vice Chair | OfficerTrustee | 2 | $0 |
Brooks Matthews Director | Trustee | 2 | $0 |
Kaaren May Past Chair | Trustee | 2 | $0 |
Art Rebrovick Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hgs Llc Consulting | 3/30/24 | $2,693,113 |
Ecosystem Planning & Restoration Llc Consulting | 3/30/24 | $701,642 |
Allison L Reynolds Cpa Pllc Accounting | 3/30/24 | $165,723 |
Law Offices Beveridge & Diamond Pc Legal | 3/30/24 | $267,886 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $905,982 |
| Investment income | $33,309 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $26,256 |
| Net Gain/Loss on Asset Sales | -$43,390 |
| Net Income from Fundraising Events | -$1,210 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,153,928 |
| Statement of Expenses | |
|---|---|
| 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. | $112,462 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $450,656 |
| Pension plan accruals and contributions | $10,344 |
| Other employee benefits | $26,606 |
| Payroll taxes | $44,497 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $18,501 |
| Fees for services: Accounting | $67,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,847,897 |
| Advertising and promotion | $69,792 |
| Office expenses | $339,941 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $83,192 |
| Travel | $13,568 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,889 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $20,530 |
| Insurance | $13,852 |
| All other expenses | $0 |
| Total functional expenses | $3,192,286 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $73,412 |
| Savings and temporary cash investments | $18,578,906 |
| Pledges and grants receivable | $185,324 |
| Accounts receivable, net | $19,801 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,579 |
| Prepaid expenses and deferred charges | $84,415 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $16,731 |
| Total assets | $19,056,025 |
| Accounts payable and accrued expenses | $170,417 |
| 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 | $16,254,172 |
| Total liabilities | $16,424,589 |
| Net assets without donor restrictions | $2,507,980 |
| Net assets with donor restrictions | $123,456 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $2,631,436 |