The Living River Restoration Trust
- Assets
- $5.8m
- Revenue
- $301.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Norfolk, VA
- Founding
- 09/2006
- Data as of
- 09/2021
- EIN
- 73-1688340
Organization Overview
The Living River Restoration Trust, operating under the name Living River Trust, 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. Living River 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 09/2021, Living River Trust generated $301.2k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 49.9% each year . All expenses for the organization totaled $915.9k during the year ending 09/2021. While expenses have increased by 38.9% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THE LRT IS TO RESTORE, FROM LEGACY CONTAMINATION, THE ENVIRONMENTAL QUALITY OF ELIZABETH RIVER WATERSHED TO THE HIGHEST PRACTICABLE LEVEL AND CONSERVE IT FOR FUTURE BENEFICIAL USE. THE LRT'S RESTORATION MISSION IS ALIGNED WITH THE REGULATORY MISSIONS OF THE VIRGINIA DEPARTMENT OF ENVIRONMENTAL QUALITY (DEQ), VIRGINIA MARINE RESOURCES COMMISSION (VMRC), AND THE NORFOLK DISTRICT ARMY CORPS OF ENGINEERS, TO MITIGATE PERMITTED IMPACTS TO AQUATIC RESOURCES. THE LRT'S CONSERVATION MISSION IS TO PRESERVE, IN TRUST, LAND IN SOUTHEASTERN VIRGINIA FOR RECREATION, PARKS, WILDLIFE PRESERVATION, DRAINAGE, WATER AND AIR QUALITY, AND THE PUBLIC'S HEALTH AND WELL-BEING. IN THIS EFFORT, LRT WORKS WITH PRIVATE PROPERTY OWNERS, VIRGINIA LOCALITIES, AND COMMUNITY ORGANIZATIONS TO ENHANCE THE PUBLIC'S AWARENESS OF THE BENEFITS OF LAND CONSERVATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MITIGATION OF IMPACTS TO THE ELIZABETH RIVER, INCLUDING REMEDIATION OF CONTAMINATED SEDIMENT AND ONGOING MONITORING OF RESULTS; CONSERVATION OF OPEN SPACE/WILDLIFE HABITAT THROUGH ONGOING MANAGEMENT OF EXISTING CONSERVATION EASEMENTS AND PURSUIT OF ADDITIONAL LAND CONSERVATION OPPORTUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rob Robins Chairman | OfficerTrustee | 5 | $0 |
Mary-Carson Saunders Stiff Vice Chairman | OfficerTrustee | 5 | $0 |
Bob Hume Treasurer | OfficerTrustee | 3 | $0 |
Mary Ann Saunders Secretary Beginning Januar | OfficerTrustee | 3 | $0 |
Elizabeth R Friel Executive Director - Beg June 2021 | Officer | 40 | $0 |
Rolston Audain Jr Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $7,000 |
| Government grants | $10,426 |
| All other contributions, gifts, grants, and similar amounts not included above | $66,665 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $84,091 |
| Total Program Service Revenue | $3,500 |
| Investment income | $174,831 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $38,729 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $301,151 |
| 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. | $23,339 |
| Compensation of current officers, directors, key employees. | $11,085 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,786 |
| Fees for services: Management | $47,730 |
| Fees for services: Legal | $12,780 |
| Fees for services: Accounting | $1,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $30,826 |
| Fees for services: Other | $154,686 |
| Advertising and promotion | $614 |
| Office expenses | $802 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,766 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $2,089 |
| All other expenses | $435 |
| Total functional expenses | $915,948 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $283,459 |
| Savings and temporary cash investments | $1,163,437 |
| Pledges and grants receivable | $1,950 |
| Accounts receivable, net | $1,395 |
| 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 | $0 |
| Investments—publicly traded securities | $4,361,286 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $35,949 |
| Total assets | $5,847,476 |
| Accounts payable and accrued expenses | $41,630 |
| 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 | $41,630 |
| Net assets without donor restrictions | $5,538,776 |
| Net assets with donor restrictions | $267,070 |
| 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 | $5,847,476 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that The Living River Restoration Trust has recieved totaling $1,025.
| Awarding Organization | Amount |
|---|---|
Clark-Nexsen Foundation Virginia Beach, VA PURPOSE: 2021 BRONZE SPONSORSHIP | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $25 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Northern Kentucky Area Developement District Florence, KY | $12,601,851 | $23,919,138 |
Mid-Atlantic Broadband Communities Corporation South Boston, VA | $87,739,365 | $16,699,414 |
Rural Economic Development Center Inc Raleigh, NC | $223,566,149 | $11,378,133 |
Pride Community Services Inc Logan, WV | $3,436,459 | $7,199,401 |
Kentucky River Area Development District Inc Hazard, KY | $5,857,667 | $4,838,342 |
Mountain Association For Community Economic Development Inc Berea, KY | $33,227,736 | $8,576,709 |
West Virginia Community Action Partnerships Inc Charleston, WV | $514,969 | $3,682,058 |
Southeast Kentucky Economic Development Corporation Inc Somerset, KY | $28,123,081 | $3,726,346 |
Kurdistan Regional Government -Liaison Office - Usa Washington, DC | $3,506,355 | $1,816,720 |
Virginia Coalfield Coalition Inc Lebanon, VA | $15,855,826 | $1,388,700 |
Appalachian Community Action & Development Agency Inc Gate City, VA | $1,460,417 | $1,629,556 |
W A M Y Community Action Inc Boone, NC | $1,852,412 | $1,596,975 |