Indian River Land Tr Inc
- Assets
- $28.6m
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 7
- Location
- Vero Beach, FL
- Founding
- 06/1989
- Data as of
- 06/2022
- EIN
- 65-0059649
Organization Overview
Indian River Land Tr Inc is located in Vero Beach, FL. The organization was established in 1989. 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 06/2022, Indian River Land Tr Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Indian River Land Tr 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 06/2022, Indian River Land Tr Inc generated $3.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.6% each year . All expenses for the organization totaled $998.0k during the year ending 06/2022. While expenses have increased by 5.7% per year over the past 7 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
OUR MISSION IS TO PROMOTE THE PRESERVATION, CONSERVATION, AND IMPROVEMENT OF NATURAL RESOURCES AND SPECIAL PLACES IN INDIAN RIVER COUNTY, FLORIDA FOR THE BENEFIT OF THE GENERAL PUBLIC AND FUTURE GENERATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE INDIAN RIVER LAND TRUST ACQUIRES UNDEVELOPED CONSERVATION PROPERTIES AND CONDUCTS RESTORATION OF THEIR COASTAL WETLANDS AND ADJOINING UPLAND AREAS IN ORDER TO PRESERVE WILDLIFE HABITAT, PROTECT SCENIC WATERFRONT AND PROVIDE PUBLIC ACCESS FOR RECREATION AND EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth Grudens Executive Director | Officer | 45 | $125,974 |
Gregg Casalino Chairman | OfficerTrustee | 1 | $0 |
Meg Steiner Vice Chairman | OfficerTrustee | 1 | $0 |
Christopher Ryan Treasurer | OfficerTrustee | 1 | $0 |
David A Smith Secretary | OfficerTrustee | 1 | $0 |
Scott Alexander Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $255,336 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,599,091 |
| Noncash contributions included in lines 1a–1f | $1,603,925 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,854,427 |
| Total Program Service Revenue | $0 |
| Investment income | $64,946 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $95,841 |
| Net Income from Fundraising Events | $277,899 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,293,113 |
| 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. | $134,423 |
| Compensation of current officers, directors, key employees. | $33,606 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $242,315 |
| Pension plan accruals and contributions | $8,406 |
| Other employee benefits | $76,371 |
| Payroll taxes | $27,872 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,350 |
| Fees for services: Accounting | $22,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $21,246 |
| Fees for services: Other | $0 |
| Advertising and promotion | $24,759 |
| Office expenses | $47,372 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $33,157 |
| Travel | $953 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,545 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,354 |
| Insurance | $16,035 |
| All other expenses | $49,754 |
| Total functional expenses | $997,965 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $983,255 |
| Savings and temporary cash investments | $571,171 |
| Pledges and grants receivable | $1,759,880 |
| 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 | $0 |
| Net Land, buildings, and equipment | $17,395,663 |
| Investments—publicly traded securities | $7,939,106 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $710 |
| Total assets | $28,649,785 |
| Accounts payable and accrued expenses | $24,673 |
| 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 | $0 |
| Total liabilities | $24,673 |
| Net assets without donor restrictions | $19,783,647 |
| Net assets with donor restrictions | $8,841,465 |
| 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 | $28,649,785 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Indian River Land Tr Inc has recieved totaling $138,750.
| Awarding Organization | Amount |
|---|---|
Welsh Family Foundation Inc Vero Beach, FL PURPOSE: UNRESTRICTED | $100,000 |
Susan And Scott Deal Charitable Foundation Inc Vero Beach, FL PURPOSE: PRESERVE AND PROTECT LAGOON | $15,000 |
Bailey Family Foundation Inc Vero Beach, FL PURPOSE: CHARITABLE PURPOSES | $6,750 |
James F Bell Foundation Minneapolis, MN PURPOSE: GENERAL OPERATIONS | $5,000 |
W James And Jane K Truettner Foundation Crested Butte, CO PURPOSE: GENERAL SUPPORT | $5,000 |
Warwick Foundation Northfield, IL PURPOSE: GENERAL FUNDS | $5,000 |
Endowment Analysis
| Beg. Balance | $2,497,576 |
| Earnings | -$439,790 |
| Net Contributions | $688,695 |
| Other Expense | $14,929 |
| Ending Balance | $2,731,552 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kenneth Kirchman Foundation Inc Saint Cloud, FL | $167,300,006 | $1,378,162 |
Athens Land Trust Inc Athens, GA | $9,139,569 | $3,608,954 |
Atlantic Coast Conservancy Inc Jasper, GA | $116,932,438 | $4,648,270 |
Georgia-Alabama Land Trust Inc Piedmont, AL | $54,818,937 | $4,132,358 |
North Florida Land Trust Inc Jacksonville, FL | $17,924,673 | $2,506,149 |
Alachua Conservation Trust Incorporated Gainesville, FL | $33,442,340 | $6,368,662 |
Carpet America Recovery Effort Care Inc Dalton, GA | $734,036 | $2,851,566 |
Florida Keys Land & Sea Trust Inc Marathon, FL | $2,895,043 | $1,398,767 |
Orlando Land Trust Inc Orlando, FL | $228,543 | $559,563 |
Indian River Land Tr Inc Vero Beach, FL | $28,649,785 | $3,293,113 |
St Simons Land Trust St Simons Island, GA | $65,751,426 | $5,906,971 |
Pigeon Key Foundation Marathon, FL | $2,736,729 | $1,317,780 |