Ithaka Land Inc
- Assets
- $4.2m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 13
- Location
- Colorado Springs, CO
- Founding
- 11/1981
- Data as of
- 12/2021
- EIN
- 74-2186914
Organization Overview
Ithaka Land Inc is located in Colorado Springs, CO. The organization was established in 1981. 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 12/2021, Ithaka Land Inc employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ithaka Land 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 12/2021, Ithaka Land Inc generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 24.8% each year . All expenses for the organization totaled $721.9k during the year ending 12/2021. While expenses have increased by 10.3% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO HOUSE OUR CITY'S MOST VULNERABLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ITHAKA PROVIDES SAFE, AFFORDABLE, AND SUPPORTIVE TRANSITIONAL HOUSING SERVICES FOR AN ESTIMATED 100 RESIDENTS; INCLUDING SENIORS, IMMIGRANTS, FAMILIES IN HOUSING CRISIS, THOSE LEAVING INCARCERATION AND THOSE EXITING HOMELESSNESS. ITHAKA HAS BEEN HOUSING LOW-INCOME MEMBERS OF OUR COMMUNITY FOR 40 YEARS. WE ARE COMMITTED TO PROVIDING SUPPORT AND COMMUNITY TO ALL OUR RESIDENTS SO THAT THEY CAN ACHIEVE A SELF-DETERMINED VISION FOR THEIR OWN LIVES.
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 |
|---|---|---|---|
Anjuli Kapoor Executive Director | Officer | 40 | $67,418 |
John Spears Vice Chair | OfficerTrustee | 1 | $0 |
Amner Carmona Molina Chair | OfficerTrustee | 1 | $0 |
Brent Sabati Treasurer | OfficerTrustee | 1 | $0 |
Laura Liibbe Secretary | OfficerTrustee | 1 | $0 |
Patty Froehle Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $324,170 |
| All other contributions, gifts, grants, and similar amounts not included above | $43,400 |
| Noncash contributions included in lines 1a–1f | $24,079 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $367,570 |
| Total Program Service Revenue | $193,651 |
| Investment income | $219,155 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $549,958 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,333,962 |
| 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. | $68,774 |
| Compensation of current officers, directors, key employees. | $13,755 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $301,522 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,927 |
| Payroll taxes | $31,569 |
| 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 | $66 |
| Advertising and promotion | $330 |
| Office expenses | $3,115 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $16,586 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $18,458 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $59,610 |
| Insurance | $31,607 |
| All other expenses | $14,519 |
| Total functional expenses | $721,855 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,422,330 |
| Savings and temporary cash investments | $1,115,043 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $273 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $479,707 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $28,607 |
| Net Land, buildings, and equipment | $1,137,091 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,183,051 |
| Accounts payable and accrued expenses | $27,114 |
| 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 | $405,456 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $357,702 |
| Total liabilities | $790,272 |
| Net assets without donor restrictions | $2,277,735 |
| Net assets with donor restrictions | $1,115,044 |
| 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 | $4,183,051 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Ithaka Land Inc has recieved totaling $112,717.
| Awarding Organization | Amount |
|---|---|
The Colorado Health Foundation Denver, CO PURPOSE: STRENGTHEN COMMUNITY HEALTH | $35,000 |
Pikes Peak Community Foundation Colorado Springs, CO PURPOSE: See Part IV | $22,500 |
Trailhead Institute Denver, CO PURPOSE: BLU | $17,700 |
Colorado Springs Health Foundation Colorado Springs, CO PURPOSE: Program Support | $15,000 |
Colorado Springs Health Foundation Colorado Springs, CO PURPOSE: Program Support | $15,000 |
Edmund T & Eleanor Quick Foundation Inc Denver, CO PURPOSE: PROGRAM SUPPORT | $5,000 |
Endowment Analysis
| Beg. Balance | $1,057,128 |
| Earnings | $124,658 |
| Other Expense | $66,743 |
| Ending Balance | $1,115,043 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Colorado Open Lands Lakewood, CO | $13,741,113 | $34,650,733 |
Arizona Land And Water Trust Inc Tucson, AZ | $19,341,295 | $7,113,905 |
Conservation Lands Foundation Durango, CO | $10,309,607 | $7,535,879 |
Mesa County Land Conservancy Inc Grand Junction, CO | $4,321,084 | $5,838,861 |
Jackson Hole Land Trust Jackson, WY | $34,929,001 | $7,522,371 |
Realty Gift Fund Santa Fe, NM | $5,081,165 | $9,881,385 |
Palladium Foundation Salt Lake City, UT | $46,965,152 | $3,512,246 |
Utah Open Lands Conservation Association Inc Salt Lake City, UT | $10,664,268 | $4,249,074 |
Tohono Chul Park Inc Tucson, AZ | $10,057,876 | $2,788,599 |
Mcdowell Sonoran Conservancy Scottsdale, AZ | $2,977,971 | $1,763,794 |
Rio Grande Headwaters Land Tr A Colorado Nonprofit Corporation Del Norte, CO | $1,933,137 | $1,769,707 |
Wildlands Restoration Volunteers Longmont, CO | $2,417,099 | $1,734,590 |