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Nonprofiteer
← GEORGIA-ALABAMA LAND TRUST INC

Form 990 for tax year 2023

Filed by GEORGIA-ALABAMA LAND TRUST INC.

Totals

Total revenue
$9,076,092
Total expenses
$4,100,830
Contributions and grants received
$6,086,396
Grants paid
$0
Program service revenue
$1,992,082
Investment income
$536,158
Other revenue
$461,456
Total assets, end of year
$141,203,695
Total liabilities, end of year
$110,961,514
Net assets or fund balances, end of year
$30,242,181
Program services expenses (Part IX)
$3,584,772
Management and general expenses
$258,324
Fundraising expenses
$257,734
Program service expenses (Part III)
$3,584,772

Program services were 87.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $3,548,557

  • 1f · All other contributions, gifts and grants

    $2,537,839

  • 2a · Program service revenue: PROTECTION INCOME

    total $1,112,093 · related or exempt $1,112,093

  • 2b · Program service revenue: STEWARDSHIP INCOME

    total $879,989 · related or exempt $879,989

  • 3 · Investment income

    total $324,275 · related or exempt $324,275

  • 6a · Gross rents

    real property $12,498

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $12,498

  • 6d · Net rental income or loss

    total $12,498 · excluded $12,498

  • 7a · Gross sales of assets other than inventory

    securities $3,883,154

  • 7b · Less cost or other basis and sales expenses

    securities $3,671,271

  • 7c · Gain or loss

    securities $211,883

  • 7d · Net gain or loss

    total $211,883 · related or exempt $211,883

  • 8a · Fundraising events: gross income

    $26,794

  • 8b · Fundraising events: direct expenses

    $11,540

  • 8c · Net income from fundraising events

    total $15,254 · excluded $15,254

  • 11a · Other revenue: MISCELLANEOUS

    total $434,724 · related or exempt $434,724

  • 11b · Other revenue: LOSS ON SALE OF LAND

    total -$100 · related or exempt -$100

  • 11c · Other revenue: LOSS ON DISPOSAL OF ASSETS

    total -$920 · related or exempt -$920

  • 11e · Other revenue, total

    $433,704

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $477,385 · program services $373,122 · management and general $77,258 · fundraising $27,005

  • 7 · Other salaries and wages

    total $1,099,978 · program services $978,823 · management and general $20,689 · fundraising $100,466

  • 8 · Pension plan contributions

    total $69,635 · program services $59,022 · management and general $3,714 · fundraising $6,899

  • 9 · Other employee benefits

    total $118,299 · program services $103,087 · management and general $2,644 · fundraising $12,568

  • 10 · Payroll taxes

    total $117,204 · program services $101,159 · management and general $6,044 · fundraising $10,001

  • 11g · Fees: other

    total $137,077 · program services $107,770 · management and general $27,664 · fundraising $1,643

  • 12 · Advertising and promotion

    total $3,536 · program services $1,292 · fundraising $2,244

  • 13 · Office expenses

    total $9,180 · program services $6,277 · management and general $1,766 · fundraising $1,137

  • 17 · Travel

    total $58,398 · program services $38,248 · management and general $2,117 · fundraising $18,033

  • 22 · Depreciation, depletion and amortization

    total $441,698 · program services $381,230 · management and general $27,650 · fundraising $32,818

  • 23 · Insurance

    total $66,727 · program services $19,530 · management and general $47,197

  • 24a · Other expenses: PROGRAM EXPENSE

    total $1,344,699 · program services $1,315,789 · management and general $27,616 · fundraising $1,294

  • 24b · Other expenses: DUES AND SUBSCRIPTIONS

    total $39,035 · program services $23,022 · management and general $3,333 · fundraising $12,680

  • 24c · Other expenses: DEVELOPMENT COSTS

    total $34,449 · program services $19,999 · fundraising $14,450

  • 24d · Other expenses: TAXES, LICENSES AND FIL

    total $22,696 · program services $21,977 · management and general $174 · fundraising $545

  • 24e · All other expenses

    total $60,834 · program services $34,425 · management and general $10,458 · fundraising $15,951

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $34,561,201 · end of year $12,598,343

  • 2 · Savings and temporary cash investments

    beginning of year $27,270,916 · end of year $94,915,935

  • 3 · Pledges and grants receivable

    beginning of year $1,294,866 · end of year $622,862

  • 4 · Accounts receivable

    beginning of year $179,490 · end of year $846,572

  • 9 · Prepaid expenses and deferred charges

    beginning of year $95,224 · end of year $98,104

  • 10a · Land, buildings and equipment: cost or other basis

    $6,567,546

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,118,662

  • 10c · Land, buildings and equipment, net

    beginning of year $4,463,962 · end of year $5,448,884

  • 11 · Investments: publicly traded securities

    beginning of year $13,657,724 · end of year $15,661,933

  • 15 · Other assets

    beginning of year $12,823,947 · end of year $11,011,062

  • 17 · Accounts payable and accrued expenses

    beginning of year $61,491 · end of year $91,358

  • 19 · Deferred revenue

    beginning of year $56,558,099 · end of year $96,405,054

  • 25 · Other liabilities

    beginning of year $13,822,111 · end of year $14,465,102

  • 27 · Net assets without donor restrictions

    beginning of year $19,470,296 · end of year $27,434,607

  • 28 · Net assets with donor restrictions

    beginning of year $4,435,333 · end of year $2,807,574

Mission and programs · 2023

Mission

PROTECTING CONSERVATION LAND FOR PRESENT AND FUTURE GENERATIONS, UTILIZING CONSERVATION EASEMENTS AND OTHER LAND PROTECTION MECHANISMS, PRESERVATION OF OPEN SPACE, AND CONSERVATION-RELATED EDUCATION

Activities or mission (Part I)

TO PROTECT LAND AND CONSERVATION VALUES THROUGH CONSERVATION EASEMENTS AND SIMILAR LAND CONSERVATION

  • LAND PROTECTION PROGRAM:INTERACTING WITH LANDOWNERS IN OUR PROTECTION AREA REGARDING THE PUBLIC BENEFITS AND PURPOSES OF CONSERVATION EASEMENTS AND THE USE OF OTHER LAND PROTECTION MECHANISMS, TO INCLUDE WORKING WITH LANDOWNERS AND THEIR ADVISORS TO PROTECT LAND AND CONSERVATION VALUES, THEREBY INCREASING PROTECTED LAND AND ENRICHING LIFE THROUGH LAND PROTECTION. MONITORING AND ENFORCMENT OF EASEMENT TERMS TO ENSURE COMPLIANCE AND PROTECTION OF CONSERVATION VALUES. DURING 2023 THE LAND TRUST PROTECTED AROUND 50 PROPERTIES THROUGH VARIOUS MECHANISMS AND ACTIONS, INCLUDING CONSERVATION EASEMENTS, AND ENGAGED IN WETLAND HABITAT MITIGATION WORK AND HABITAT PRESERVATION; ALSO MONITORED OVER 1250 CONSERVATION EASEMENTS AND NUMEROUS FEE HOLDINGS.

    Expenses $1,211,835 · Revenue $1,992,082

  • ARMY COMPATIBLE USE BUFFER (ACUB) PROGRAM: WORKING WITH THE DEPARTMENT OF DEFENSE AND FORT STEWART GEORGIA PURSUANT TO 10 USC 2684A (READINESS ENVIRONMENTAL PROTECTION INTEGRATION PROGRAM), THE LAND TRUST SEEKS CONSERVATION EASEMENTS AND FEE INTERESTS TO LAND SURROUNDING FORT STEWART, IN ORDER TO PROTECT HABITAT AND PREVENT HIGH-DENSITY DEVELOPMENT NEAR THE INSTALLATION, WHICH OTHERWISE COULD IMPACT TRAINING ON POST AND, IN TURN, MILITARY READINESS. IN 2023, THE LAND TRUST PROTECTED AND ASSISTED IN PROTECTING APPROXIMATELY 4,700 ACRES OF LAND SURROUNDING FORT STEWART, HELPING TO ENSURE FORT STEWART'S MILITARY TRAINING AND READINESS MISSION.

    Expenses $273,661 · Revenue $273,661

  • HABITAT RESTORATION AND FORESTRY PROGRAM AT FORT STEWART: THE FORT STEWART/HUNTER ARMY AIRFIELD ENVIRONMENTAL PROGRAM ENSURES MILITARY MISSION ACTIVITIES ARE CONDUCTED IN COMPLIANCE WITH APPLICABLE ENVIRONMENTAL LAWS, REGULATIONS AND POLICIES. IN FURTHERANCE OF THIS PROGRAM, GALT PROVIDES ON A REIMBURSEABLE BASIS, PERSONNEL AND MATERIALS REQUIRED TO SUPPORT IMPLEMENTATION OF FORT STEWART'S INTEGRATED NATURAL RESOURCE MANAGEMENT PLAN AND THE ENDANGERED SPECIES ACT (16 USC 1531 ET SEQ.), MIGRATORY BIRD TREATY ACT (16 USC 1361 ET SEQ.), NATIONAL HISTORIC PRESERVATION ACT (54 U.S.C.470), SIKES ACT (16 U.S.C. 670), THE NATIONAL ENVIRONMENTAL POLICY ACT (42 U.S.C. 4321), APPLICABLE IMPLEMENTING REGULATIONS, AND ARMY REGULATIONS 200-1.

    Expenses $2,099,276 · Revenue $2,099,276

As filed on the 2023 return.

Listed in Part VII

  • THOMAS HAMBY

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • TED MCCULLOUGH

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • BO BICKERSTAFF

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • CHARLES EVANS

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • DR CHIP REED

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • FLOYD BUCK WILEY

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • THAD WATERS

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • KEVIN STUMP

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • TIA BOHANNON

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • STACEY WATTS

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • TAMMY HERNDON

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • THOMPSON TURNER

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • KATHERINE EDDINS

    EXECUTIVE DIRECTOR

    Total calculated
    $213,127
    From this org
    $197,500
    From related orgs
    $0
    Other
    $15,627
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $197,500
    Bonus
    $0
    Other
    $0
    Deferred
    $9,875
    Nontaxable benefits
    $5,752
    Filer's total
    $213,127

  • HAL ROBINSON

    LEGAL AFFAIRS

    Total calculated
    $190,973
    From this org
    $175,965
    From related orgs
    $0
    Other
    $15,008
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $175,965
    Bonus
    $0
    Other
    $0
    Deferred
    $8,798
    Nontaxable benefits
    $6,210
    Filer's total
    $190,973

  • TAMMY MORROW

    DIRECTOR OF FINANCE AND HU

    Total calculated
    $115,187
    From this org
    $103,920
    From related orgs
    $0
    Other
    $11,267
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $103,920
    Bonus
    $0
    Other
    $0
    Deferred
    $5,196
    Nontaxable benefits
    $6,071
    Filer's total
    $115,187

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
15 May 2024
IRS schema version
2023v5.0
Source object
202421369349314802

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