Freshwater Land Trust
- Assets
- $42.4m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 9
- Location
- Birmingham, AL
- Founding
- 02/1998
- Data as of
- 12/2022
- EIN
- 72-1387424
Organization Overview
Freshwater Land Trust is located in Birmingham, AL. 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 12/2022, Freshwater Land Trust employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Freshwater 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 12/2022, Freshwater Land Trust generated $2.2m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $2.8m during the year ending 12/2022. 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
THE ACQUISITION AND STEWARDSHIP OF LANDS THAT ENHANCE WATER QUALITY AND PRESERVE OPEN SPACE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FEES AND EXPENSES RELATED TO THE PROTECTION OF WATERSHEDS WITHIN JEFFERSON COUNTY, ALABAMA
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Carruthers III Director | Trustee | 1 | $0 |
Jim Proctor Chairman Emeritus | OfficerTrustee | 1 | $0 |
Rusha Smith Executive Director | Trustee | 40 | $140,000 |
Jeanne Jackson Chairman | OfficerTrustee | 1 | $0 |
Thomas W Thagard III Immediate Past Chair | Trustee | 1 | $0 |
Randy Jordan Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,007,858 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,353,528 |
| Noncash contributions included in lines 1a–1f | $2 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,361,386 |
| Total Program Service Revenue | $45,229 |
| Investment income | $10,034 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$189,128 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,227,521 |
| 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. | $140,000 |
| Compensation of current officers, directors, key employees. | $41,540 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $362,195 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $73,765 |
| Payroll taxes | $36,797 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,491,242 |
| Advertising and promotion | $2,684 |
| Office expenses | $11,132 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $37,893 |
| Travel | $19,157 |
| 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 | $4,100 |
| Insurance | $21,572 |
| All other expenses | $45,154 |
| Total functional expenses | $2,754,407 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $246,170 |
| Savings and temporary cash investments | $1,947,986 |
| Pledges and grants receivable | $220,000 |
| 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 | $13,116 |
| Net Land, buildings, and equipment | $13,168 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $39,821,113 |
| Intangible assets | $0 |
| Other assets | $121,532 |
| Total assets | $42,383,085 |
| Accounts payable and accrued expenses | $179,223 |
| Grants payable | $0 |
| Deferred revenue | $18,750 |
| 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 | $121,532 |
| Total liabilities | $319,505 |
| Net assets without donor restrictions | $34,152,098 |
| Net assets with donor restrictions | $7,911,482 |
| 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 | $42,383,085 |