The Living River Restoration Trust
- Assets
- $2.6m
- Revenue
- $179.3k
- Investments
- $0.0
- Employees
- 1
- Location
- Norfolk, VA
- Founding
- 09/2006
- Data as of
- 09/2023
- EIN
- 73-1688340
Organization Overview
The Living River Restoration Trust, operating under the name Coastal Virginia Conservancy, is located in Norfolk, VA. The organization was established in 2006. According to its NTEE Classification (S32) the organization is classified as: Rural Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Coastal Virginia Conservancy 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 09/2023, Coastal Virginia Conservancy generated $179.3k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 27.0% each year . All expenses for the organization totaled $331.1k during the year ending 09/2023. While expenses have increased by 12.7% per year over the past 8 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
THE CONSERVANCY WORKS TO RESTORE THE ENVIRONMENTAL QUALITY OF THE ELIZABETH RIVER BY REMOVING LEGACY CONTAMINATES AND POLLUTION. IT CONSERVES THE RIVER AND ADJACENT TRIBUTARIES FOR FUTURE BENEFICIAL USE AND RESILIENCY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESTORING WATERWAYS BY REMOVING POLLUTANTS AND MITIGATING THEIR IMPACTS ON THE ELIZABETH RIVER AND ITS TRIBUTARIES. SPECIFIC WORK DONE DURING THE YEAR ENDING SEPTEMBER 30, 2023 INCLUDED:(A) LONG-TERM MONITORING OF IMPROVEMENTS MADE TO PARADISE CREEK, (B) SALE OF SUBAQUEOUS BOTTOM CREDITS TO LYON'S SHIPYARD, AND (C) APPLYING FOR SUBAQUEOUS BOTTOM CREDITS FOR MITIGATION WORK AT PARADISE CREEK.
CONSERVATION - CONSERVATION EASEMENT WAS ESTABLISHED AT NEWTON NECK PARK AND AT TAYLOR AND CRAIG PROPERTIES.
CONSERVATION COSTS TOWARDS EXPLORATORY AND UNRECORDED EASEMENTS.
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 |
|---|---|---|---|
Eliabeth Friel Executive Director (resigned 01/2024) | OfficerTrustee | 40 | $86,458 |
Mary Ann Saunders Chairperson | OfficerTrustee | 15 | $0 |
Mary-Carson Saunders Stiff Vice Chairperson | OfficerTrustee | 4 | $0 |
Steven Jenkins Treasurer (effective 06/2023) | Trustee | 4 | $0 |
Jennifer Cool Secretary | OfficerTrustee | 4 | $0 |
Rob Robbins Trustee, Past Chairman | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $6,500 |
| Related organizations | $0 |
| Government grants | $30,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $44,443 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $81,443 |
| Total Program Service Revenue | $3,510 |
| Investment income | $82,066 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $12,321 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $179,340 |
| 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. | $86,458 |
| Compensation of current officers, directors, key employees. | $50,140 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,614 |
| Fees for services: Management | $15,000 |
| Fees for services: Legal | $11,205 |
| Fees for services: Accounting | $10,326 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $13,917 |
| Fees for services: Other | $113,585 |
| Advertising and promotion | $17,385 |
| Office expenses | $4,432 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $11,491 |
| Travel | $583 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $418 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $18,397 |
| All other expenses | $2,583 |
| Total functional expenses | $331,137 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $46,963 |
| Savings and temporary cash investments | $1,692,230 |
| Pledges and grants receivable | $250 |
| 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 | $2,100 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $809,400 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $995 |
| Total assets | $2,551,938 |
| Accounts payable and accrued expenses | $11,318 |
| 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 | $11,318 |
| Net assets without donor restrictions | $241,764 |
| Net assets with donor restrictions | $2,298,856 |
| 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 | $2,551,938 |