Walnut Creek Preserve Inc
- Assets
- $1.5m
- Revenue
- $130.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Rutherfordton, NC
- Founding
- 10/2017
- Data as of
- 12/2023
- EIN
- 82-2268945
Organization Overview
Walnut Creek Preserve Inc is located in Rutherfordton, NC. The organization was established in 2017. According to its NTEE Classification (C11) the organization is classified as: Single Organization Support, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Walnut Creek Preserve 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 12/2023, Walnut Creek Preserve Inc generated $130.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (26.2%) each year. All expenses for the organization totaled $26.6k during the year ending 12/2023. 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 MISSION OF WALNUT CREEK PRESERVE IS TO SERVE AS A REGIONAL LOCATION IN POLK COUNTY, AND ADJACENT TO RUTHERFORD COUNTY, NC, USING THE ANNE ELIZABETH SURATT NATURE CENTER AND ADJACENT PRIVATE FOREST LANDS TO (CONTINUED ON PAGE 2)
Describe the Organization's Program Activity:
Part 3 - Line 4a
WALNUT CREEK PRESERVE (WCP) , AS A SUPPORTING ORGANIZATION TO CONSERVING CAROLINA, A NORTH CAROLINA LAND TRUST (CC), MAINTAINS AN INDOOR NATURE CENTER CLASSROOM AND A SERIES OF GROOMED HIKING TRAILS FOR PROGRAMS CO-SPONSORED BY WCP AND CC. THIS IS THE ONLY NATURE CENTER AVAILABLE TO CC IN POLK COUNTY. WCP PAYS FOR MONTHLY SPEAKERS ON TOPICS SELECTED BY THE WCP AND CC STAFF FOCUSED ON NATURE RELATED EDUCATION. IN 2024 THERE WERE 11 MONTHLY PROGRAMS, ALL WELL ATTENDED WITH A TOTAL OF 420 ATTENDEES. WCP ALSO HOSTS A GROUP OF AMERICORPS WORKERS IN ITS NATIVE PLANT GARDEN, WITH 340 HOURS OF VOLUNTEER SERVICE IN THE GARDEN.
THROUGHOUT THE SCHOOL YEAR, WALNUT CREEK PRESERVE SERVES AS A DESTINATION OUTDOOR CLASSROOM, HOSTING MULTIPLE CLASSES OF 5TH GRADERS FROM REGIONAL PUBLIC SCHOOLS, COMING TO SPEND A SCHOOL DAY AT THE PRESERVE UNDER THE MUDDY SNEAKERS, INC. PROGRAM. MUDDY SNEAKERS IS A NONPROFIT THAT TEACHES THE NORTH CAROLINA 5TH GRADE CURRICULUM OUTDOORS AT DESIGNATED FORESTS AND HAS TEST RESULTS SHOWING THE EFFICACY OF THIS PROGRAM. IN 2023 WCP HOSTED 253 STUDENTS FROM FIVE SCHOOLS.
WALNUT CREEK PRESERVE ALSO HOSTED A HIKE FOR THE RUTHERFORD OUTDOOR COALITION, WITH 12 ATTENDEES, AND A SEPARATE HIKE OF THE LAKE LURE CLASSICAL ACADEMY SUMMER CAMP ATTENDEES AND COUNSELOR IN JUNE 2023. WALNUT CREEK PRESERVE DOES NOT CHARGE FOR USE OF ITS FACILITIES AND WELCOMES GROUPS SEEKING HIKING OPPORTUNITIES. THE FOLLOWING IS LIST OF 2023 SPEAKERS AND DATES: 1/21/23 STEVE PETTIS: WNC NON-NATIVE AND INVASIVE PLANTS 2/18/23 STEVE ONEIL: ELECTRIC VEHICLES 101 3/18/23 NICHOLAS MULLINS/KATHERINE ETCHISON: THE FIGHT FOR BATS IN NC 4/15/23 LISA WAGNER: CREATING A NATIVE WOODLAND GARDEN 5/20/23 CLINT CALHOUN: HICKORY NUT GORGE 6/24/23 KIM BAILEY: POLLINATOR GARDENS 7/15/23 COLLEEN OLFENBUTTEL: ARMADILLOS 8/19/23 APRIL RYAN: SURFING THE MILKY WAY 9/16/23 CAROLINA RAPTOR CENTER: RAPTORS INSPIRE 10/21/23 WATSON HARLAN: HISTORY & ECOLOGICAL PRACTICES OF CHEROKEE 11/18/23 RON LANCE: PLANT FAMILIES OF APPALACHIAN ROYALTY - NO SPEAKERS IN DECEMBER, BUT 4 VOLUNTEER WORKDAYS FOR THE NATIVE GARDEN EXPANSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara S Strickland President | OfficerTrustee | 8 | $0 |
Amos C Dawson III Vice President | OfficerTrustee | 1 | $0 |
Stratford Douglas Director | Trustee | 1 | $0 |
Wyatt Shuford Smith Director | Trustee | 1 | $0 |
Robert M Lazar MD Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $100,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $100,000 |
| Total Program Service Revenue | $0 |
| Investment income | $19,235 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $10,895 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $130,130 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,000 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,030 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $297 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,164 |
| 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 | $8,976 |
| Insurance | $2,875 |
| All other expenses | $6,250 |
| Total functional expenses | $26,592 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $134,711 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $572,073 |
| Investments—publicly traded securities | $837,664 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,544,448 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $972,375 |
| Net assets with donor restrictions | $572,073 |
| 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 | $1,544,448 |