South East Alaska Land Trust
- Assets
- $6.0m
- Revenue
- $291.5k
- Investments
- $0.0
- Employees
- 5
- Location
- Juneau, AK
- Founding
- 03/1996
- Data as of
- 12/2022
- EIN
- 92-0156402
Organization Overview
South East Alaska Land Trust is located in Juneau, AK. The organization was established in 1996. 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 12/2022, South East Alaska Land Trust employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. South East Alaska 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, South East Alaska Land Trust generated $291.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (7.1%) each year. All expenses for the organization totaled $422.9k 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 SOUTHEAST ALASKA LAND TRUST (SEAL TRUST) COLLABORATES WITH COMMUNITIES, INDIVIDUALS, AND ORGANIZATIONS THROUGHOUT SOUTHEAST ALASKA TO HELP ENSURE THAT HIGHLY VALUED HABITAT, RECREATION, OPEN SPACE, AND CULTURAL AND HISTORIC AREAS CONTINUE TO THRIVE FOR THE WELL-BEING OF EACH GENERATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LAND CONSERVATION - IN 2022 SEALT SUCCESSFULLY COMPLETED ONE FEE SIMPLE ACQUISITION OF ONE PARCEL TOTALING 13.907 ACRES. CONSERVATION PROJECT DEVELOPMENT INCLUDES: PRIORITIZATION MAPPING PROJECTS, CONSERVATION SITE SELECTION, DUE DILIGENCE, AND ACQUISITION OF CONSERVATION EASEMENT OR FEE SIMPLE PROPERTIES, INCLUDING THOSE ACQUIRED WITH FUNDING FROM DEVELOPERS PAID TO SEALT VIA ITS IN-LIEU FEE INSTRUMENT WITH THE U.S. ARMY CORPS OF ENGINEERS. SEALT'S LAND CONSERVATION PROGRAM ALSO INCLUDES OUTREACH AND COMMUNICATION WITH LANDOWNERS, SITE VISITS, REPORT PREPARATION, AND NEGOTIATIONS WITH LANDOWNERS.
STEWARDSHIP - AS OF THE END OF 2022 SEALT HAS CONSERVED 42 PROPERTIES TOTALING OVER 3,600 ACRES, LOCATED IN JUNEAU, ADMIRALTY ISLAND, EXCURSION INLET, HAINES, KAKE, PETERSBURG (FARRAGUT BAY), AND SITKA. STEWARDSHIP INCLUDES MANAGEMENT OF 24 FEE SIMPLE PROPERTIES CURRENTLY OWNED BY SEALT, AND MONITORING AND ENFORCEMENT OF 16 CONSERVATION EASEMENTS AND 2 DEED RESTRICTIONS HELD BY SEALT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Margaret Custer Executive Di | Officer | 40 | $76,517 |
Anne Sutton Board Presid | OfficerTrustee | 1 | $0 |
Neil Stichert Board Vice P | OfficerTrustee | 1 | $0 |
Annie Carpeneti Board Secret | OfficerTrustee | 1 | $0 |
Marcus Frampton Board Treasu | OfficerTrustee | 1 | $0 |
Olivia Glasscock Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $64,104 |
| All other contributions, gifts, grants, and similar amounts not included above | $152,179 |
| Noncash contributions included in lines 1a–1f | $32,805 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $216,283 |
| Total Program Service Revenue | $0 |
| Investment income | $75,243 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $291,526 |
| 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. | $78,445 |
| Compensation of current officers, directors, key employees. | $31,386 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $136,904 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,798 |
| Payroll taxes | $18,766 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,082 |
| Fees for services: Accounting | $19,012 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $14,308 |
| Fees for services: Other | $79,157 |
| Advertising and promotion | $160 |
| Office expenses | $15,665 |
| Information technology | $1,415 |
| Royalties | $0 |
| Occupancy | $14,014 |
| Travel | $11,157 |
| 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 | $0 |
| Insurance | $3,750 |
| All other expenses | $0 |
| Total functional expenses | $422,876 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $80,325 |
| Savings and temporary cash investments | $458,166 |
| Pledges and grants receivable | $25,000 |
| 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 | $2,840 |
| Net Land, buildings, and equipment | $759,578 |
| Investments—publicly traded securities | $4,704,139 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,030,048 |
| Accounts payable and accrued expenses | $17,455 |
| 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 | $17,455 |
| Net assets without donor restrictions | $1,434,423 |
| Net assets with donor restrictions | $4,578,170 |
| 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 | $6,030,048 |