Lula Lake Land Trust
- Assets
- $8.6m
- Revenue
- $691.5k
- Investments
- $2.6m
- Employees
- 0
- Location
- Lookout Mountain, TN
- Founding
- 08/1994
- Data as of
- 12/2020
- EIN
- 62-6283607
Organization Overview
Lula Lake Land Trust is located in Lookout Mountain, TN. The organization was established in 1994. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lula Lake Land Trust 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 12/2020, Lula Lake Land Trust generated $691.5k in total revenue. The organization has seen a slow decline revenue. Over the past 2 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $361.9k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (1.4%) per year over the past 2 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRESERVE THE NATURAL AND HISTORIC LANDSCAPES SURROUNDING ROCK CREEK, BEAR CREEK, AND THEIR TRIBUTARIES THROUGH CONSERVATION, EDUCATION, AND LOW IMPACT RECREATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cody Roney Executive Director | 40 | $69,224 | |
Elliott Davenport Trustee | 0.5 | $0 | |
Adelaide Naumann Trustee | 0.5 | $0 | |
John Clark Trustee | 0.5 | $0 | |
Matt Mclelland Trustee | 0.5 | $0 | |
Ginny Kelly Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $616,264 |
| Interest on Savings | $81 |
| Dividends & Interest | $60,084 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,990 |
| Capital Gain Net Income | $3,990 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $11,046 |
| Total Revenue | $691,465 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $69,224 |
| Other employee salaries and wages | $95,830 |
| Pension plans, employee benefits | $31,907 |
| Interest | $1,099 |
| Taxes | $12,077 |
| Depreciation | $13,747 |
| Occupancy | $9,838 |
| Travel, conferences, and meetings | $2,210 |
| Printing and publications | $0 |
| Other expenses | $44,218 |
| Total operating and administrative expenses | $361,935 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $361,935 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $289,382 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $5,723,681 |
| Other assets | $0 |
| Total assets | $8,596,712 |
| Accounts payable and accrued expenses | $585 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $237,768 |
| Other liabilities | $0 |
| Total liabilities | $238,353 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lula Lake Land Trust has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Mckenzie Foundation Chattanooga, TN PURPOSE: OPERATING FUNDS | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ninth District Opportunity Inc Gainesville, GA | $20,597,568 | $53,356,026 |
Nema Foundation Inc Tallulah Falls, GA | $40,863,488 | $61,480,995 |
Gary Sinise Foundation Nashville, TN | $79,715,180 | $58,070,139 |
Veterans United Foundation Columbia, MO | $54,107,159 | $30,165,811 |
Jefferson Scholars Foundation Charlottesville, VA | $761,742,846 | $36,629,374 |
The Pauley Family Foundation Richmond, VA | $2,022,061,315 | $1,899,350,410 |
College Foundation Of The University Of Virginia Charlottesville, VA | $252,362,262 | $51,045,128 |
Philanthropic Impact Foundation Nashville, TN | $919,847 | $18,241,201 |
University Of Louisville Real Estate Foundation Louisville, KY | $156,388,720 | $20,770,834 |
Stifel Charitable Inc St Louis, MO | $132,307,100 | $94,589,551 |
Aston Park Health Care Center Inc Asheville, NC | $17,105,214 | $12,530,764 |
James Family Charitable Foundation Charlottesville, VA | $171,150,056 | $16,638,935 |