The Land Trust Of North Alabama Inc
- Assets
- $48.2m
- Revenue
- $6.1m
- Investments
- $0.0
- Employees
- 16
- Location
- Huntsville, AL
- Founding
- 07/1988
- Data as of
- 12/2023
- EIN
- 63-0974278
Organization Overview
The Land Trust Of North Alabama Inc is located in Huntsville, AL. The organization was established in 1988. 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 12/2023, Land Trust Of North Alabama Inc employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Land Trust Of North Alabama 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, Land Trust Of North Alabama Inc generated $6.1m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 30.2% each year . All expenses for the organization totaled $980.3k during the year ending 12/2023. While expenses have increased by 5.7% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PRESERVE AND PROTECT NORTH ALABAMA LAND AND ITS LEGACIES FOR CONSERVATION, PUBLIC RECREATION, AND ENVIRONMENTAL EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING FY 2023, THE LAND TRUST OF NORTH ALABAMA (LTNA) CONTINUED PROGRAMS IN FURTHERANCE OF OUR MISSION TO PROTECT AND PRESERVE LAND AND ITS LEGACIES FOR CONSERVATION, PUBLIC RECREATION ADVOCACY, AND CONSERVATION EDUCATION. THE LTNA CONSERVED AN ADDITIONAL 247 ACRES IN 2023, BRINGING THE TOTAL CONSERVATION PROPERTY TO OVER 10,000 ACRES. LTNA ALSO PROVIDED A WIDE RANGE OF NATURE-BASED EDUCATION AND RECREATION OPPORTUNITIES, INCLUDING FIELD TRIPS, ON-CAMPUS SCHOOL PROGRAMS, AND GUIDED HIKES. ALL 10 OF OUR NATURE PRESERVES ARE OPEN DAILY FOR PEOPLE TO ENJOY ACTIVITIES INCLUDING HIKING, BIKING, WILDLIFE VIEWING, PHOTOGRAPHY, PICNICKING, BIRD WATCHING, AND FISHING. TWO OF OUR NATURE PRESERVES ALSO ALLOW HORSEBACK RIDING OPPORTUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matt Powers Chair | OfficerTrustee | 5 | $0 |
Joseph Paull Vice Chair | OfficerTrustee | 5 | $0 |
Bethany Sneed Secretary | OfficerTrustee | 5 | $0 |
Gary Bolton Treasurer | OfficerTrustee | 5 | $0 |
Glynn Below Past Chair | OfficerTrustee | 5 | $0 |
Joey Azar Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $13,891 |
| Membership dues | $392,093 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $260,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,146,505 |
| Noncash contributions included in lines 1a–1f | $3,959,661 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,812,489 |
| Total Program Service Revenue | $12,892 |
| Investment income | $247,350 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $31,645 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $37,941 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,142,317 |
| 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. | $92,782 |
| Compensation of current officers, directors, key employees. | $7,274 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $429,423 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $25,124 |
| Payroll taxes | $39,395 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,280 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $11,252 |
| Office expenses | $44,080 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $36,455 |
| Travel | $1,970 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $49,882 |
| Insurance | $16,146 |
| All other expenses | $29,339 |
| Total functional expenses | $980,330 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,971,008 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $336,071 |
| Accounts receivable, net | $0 |
| 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 | $16,393 |
| Net Land, buildings, and equipment | $39,901,173 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,942,577 |
| Total assets | $48,167,222 |
| Accounts payable and accrued expenses | $2,963 |
| 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 | $69,091 |
| Total liabilities | $72,054 |
| Net assets without donor restrictions | $41,358,508 |
| Net assets with donor restrictions | $6,736,660 |
| 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 | $48,167,222 |