Coastal Land Trust Inc
- Assets
- $6.7m
- Revenue
- $195.1k
- Investments
- $2.6m
- Employees
- 0
- Location
- Fairhope, AL
- Founding
- 01/2015
- Data as of
- 12/2023
- EIN
- 63-0849774
Organization Overview
Coastal Land Trust Inc is located in Fairhope, AL. The organization was established in 2015. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Coastal Land Trust 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 12/2023, Coastal Land Trust Inc generated $195.1k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 27.4% each year . All expenses for the organization totaled $119.0k during the year ending 12/2023. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALL ACTIVITIES ARE RELATED TO THE BASIC PURPOSE OF CONSERVING OUR NATURAL LAND AREAS AND WILDLIFE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Arthur C Tonsmeire III Director | 2 | $0 | |
Palmer Whiting Director | 0 | $0 | |
Winthrop M Hallett Director | 0.5 | $0 | |
David E Morine Director | 0 | $0 | |
J William Goodloe III Director | 0 | $0 | |
Ross A Frazer Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $11,433 |
| Interest on Savings | $180,781 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,844 |
| Total Revenue | $195,058 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $54,158 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $196 |
| Depreciation | $227 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $215 |
| Printing and publications | $0 |
| Other expenses | $22,218 |
| Total operating and administrative expenses | $91,504 |
| Contributions, gifts, grants paid | $27,500 |
| Total expenses and disbursements | $119,004 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,231,917 |
| 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 | $1,302 |
| Other assets | $1,850,148 |
| Total assets | $6,664,672 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Coastal Land Trust Inc has awarded $27,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ALABAMA WILDLIFE FEDERATION PURPOSE: OYSTER RESTORATION PROJECT PROGRAM | $25,000 |
SOUTH ALABAMA LAND TRUST PURPOSE: SPONSOR OF FUNDRAISING EVENT | $2,500 |