Form 990 for tax year 2022
Filed by MAINSPRING CONSERVATION TRUST INC.
Totals
- Total revenue
- $5,191,913
- Total expenses
- $4,026,877
- Contributions and grants received
- $5,178,744
- Grants paid
- $0
- Program service revenue
- $33,216
- Investment income
- -$38,809
- Other revenue
- $18,762
- Total assets, end of year
- $16,322,410
- Total liabilities, end of year
- $483,237
- Net assets or fund balances, end of year
- $15,839,173
- Program services expenses (Part IX)
- $3,771,056
- Management and general expenses
- $185,005
- Fundraising expenses
- $70,816
- Program service expenses (Part III)
- $3,771,056
Program services were 93.6% 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.
-
1c · Fundraising events
$2,125
-
1e · Government grants (contributions)
$2,066,663
-
1f · All other contributions, gifts and grants
$3,109,956
-
1g · Noncash contributions included above
$447,705
-
2a · Program service revenue: Stewardship Contracts
total $13,863 · unrelated business $0 · excluded $0
-
2b · Program service revenue: Program Services
total $19,353 · unrelated business $0 · excluded $0
-
3 · Investment income
total $24,680 · unrelated business $0 · excluded $24,680
-
6a · Gross rents
real property $25,809
-
6b · Less rental expenses
real property $9,673
-
6c · Rental income or loss
real property $16,136
-
6d · Net rental income or loss
total $16,136 · related or exempt $14,809 · unrelated business $1,327
-
7a · Gross sales of assets other than inventory
securities $206 · other assets $49,500
-
7b · Less cost or other basis and sales expenses
other assets $113,195
-
7c · Gain or loss
securities $206 · other assets -$63,695
-
7d · Net gain or loss
total -$63,489 · related or exempt $0 · unrelated business $0 · excluded -$63,489
-
8a · Fundraising events: gross income
$2,310
-
8a · Fundraising events: contributions included on line 1c
$2,125
-
8b · Fundraising events: direct expenses
$2,557
-
8c · Net income from fundraising events
total -$247 · unrelated business $0 · excluded -$247
-
9a · Gaming: gross income
$295
-
9b · Gaming: direct expenses
$1,055
-
9c · Net income from gaming
total -$760 · excluded -$760
-
10a · Gross sales of inventory
$6,585
-
10b · Cost of goods sold
$3,052
-
10c · Net income from sales of inventory
total $3,533 · related or exempt $3,533
-
11a · Other revenue: Miscellaneous
total $100 · related or exempt $0 · unrelated business $0 · excluded $100
-
11e · Other revenue, total
$100
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $96,915 · program services $73,656 · management and general $15,507 · fundraising $7,752
-
7 · Other salaries and wages
total $509,782 · program services $390,669 · management and general $81,004 · fundraising $38,109
-
8 · Pension plan contributions
total $28,884 · program services $22,547 · management and general $3,849 · fundraising $2,488
-
9 · Other employee benefits
total $35,903 · program services $27,216 · management and general $5,831 · fundraising $2,856
-
10 · Payroll taxes
total $49,064 · program services $36,798 · management and general $8,341 · fundraising $3,925
-
11b · Fees: legal
total $29,580 · program services $27,455 · management and general $2,125 · fundraising $0
-
11c · Fees: accounting
total $18,120 · program services $0 · management and general $18,120 · fundraising $0
-
11f · Fees: investment management
total $1,817 · program services $0 · management and general $1,817 · fundraising $0
-
11g · Fees: other
total $302,383 · program services $294,059 · management and general $6,946 · fundraising $1,378
-
12 · Advertising and promotion
total $134 · program services $134 · management and general $0 · fundraising $0
-
13 · Office expenses
total $26,357 · program services $14,533 · management and general $4,153 · fundraising $7,671
-
14 · Information technology
total $6,139 · program services $4,326 · management and general $1,379 · fundraising $434
-
16 · Occupancy
total $13,991 · program services $12,602 · management and general $680 · fundraising $709
-
17 · Travel
total $19,049 · program services $17,010 · management and general $1,936 · fundraising $103
-
19 · Conferences, conventions and meetings
total $8,578 · program services $1,485 · management and general $6,706 · fundraising $387
-
20 · Interest
total $22,494 · program services $20,767 · management and general $1,090 · fundraising $637
-
22 · Depreciation, depletion and amortization
total $56,943 · program services $45,040 · management and general $11,903 · fundraising $0
-
23 · Insurance
total $33,091 · program services $26,606 · management and general $4,710 · fundraising $1,775
-
24a · Other expenses: Easement and Land Purchase Expenses
total $1,033,664 · program services $1,033,664 · management and general $0 · fundraising $0
-
24b · Other expenses: Property Tax-Lands
total $14,749 · program services $14,749 · management and general $0 · fundraising $0
-
24c · Other expenses: Devaluation from Easement Protections
total $1,680,000 · program services $1,680,000 · management and general $0 · fundraising $0
-
24d · Other expenses: Supplies and Materials
total $14,718 · program services $10,551 · management and general $3,115 · fundraising $1,052
-
24e · All other expenses
total $24,522 · program services $17,189 · management and general $5,793 · fundraising $1,540
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $89,849 · end of year $86,383
-
2 · Savings and temporary cash investments
beginning of year $3,088,951 · end of year $1,366,713
-
3 · Pledges and grants receivable
beginning of year $17,077 · end of year $77,420
-
9 · Prepaid expenses and deferred charges
beginning of year $19,585 · end of year $22,898
-
10a · Land, buildings and equipment: cost or other basis
$12,722,776
-
10b · Land, buildings and equipment: accumulated depreciation
$178,820
-
10c · Land, buildings and equipment, net
beginning of year $11,467,826 · end of year $12,543,956
-
11 · Investments: publicly traded securities
end of year $401,950
-
14 · Intangible assets
beginning of year $1,069 · end of year $75,347
-
15 · Other assets
beginning of year $1,943,974 · end of year $1,747,743
-
17 · Accounts payable and accrued expenses
beginning of year $77,861 · end of year $55,024
-
19 · Deferred revenue
beginning of year $126,195 · end of year $159,753
-
23 · Secured mortgages and notes payable
beginning of year $1,463,799 · end of year $244,732
-
25 · Other liabilities
beginning of year $23,728 · end of year $23,728
-
27 · Net assets without donor restrictions
beginning of year $12,601,859 · end of year $14,527,982
-
28 · Net assets with donor restrictions
beginning of year $2,334,889 · end of year $1,311,191
Mission and programs · 2022
Mission
The mission of Mainspring Conservation Trust is to conserve the waters, forests, farms and heritage of the Upper Little Tennessee and Hiwassee River Valleys. We are dedicated to three core initiatives: conserve the land, restore the water, and connect the people to these valuable resources.
Activities or mission (Part I)
Located in the heart of the Southern Blue Ridge, the mission of Mainspring Conservation Trust is to conserve the waters, forests, farms and heritage of the Upper Little Tennessee and Hiwassee River Valleys.
-
Land In 2022, Mainspring completed twelve land transactions conserving over 945 acres in the six westernmost counties in NC, including four new conservation easements and one agricultural easement amendment. Two conservation easements were acquired in Jackson County and Swain County with the help of the North Carolina Land and Water Fund. Another easement in Swain County was through a grant from the Agricultural Development and Farmland Preservation Trust Fund. Mainspring acquired one property in Cherokee County, one in Clay County, two in Macon County, and two in Jackson County, one of which is a 124-acre forested tract donated to Mainspring near the Western Plott Balsam Mountains. One divestment of a conserved tract to the Town of Franklin will extend the Little Tennessee River Greenway, connect to the Macon County Rec Park and reroute Bartram Trail hikers off the road.
Expenses $3,771,056 · Revenue $33,216
-
Mainspring continued to monitor 91 conservation easements totaling 14,170 acres and 19 fee properties totaling 1,030 acres. Volunteers contributed more than 864 hours to help improve the landscape through habitat management and recreational improvements. Water As part of Mainspring's restoration program, Mainspring focused on finalizing designs and permitting a large wetland-complex project. Beyond stabilizing streambanks by limiting erosion, these shrubs and trees will buffer stream temperatures during warm months, provide a source of food and habitat to fish and other aquatic organisms, and soak up excess nutrients from the land. Mainspring also held 68 events around water targeted to either youth education, citizen science, or community engagement. These events included two trash pickups, 30 fish biomonitoring surveys, and five snorkeling events.
-
Cultural Heritage Mainspring continued its efforts to conserve significant cultural heritage areas and to facilitate enhanced management and non-invasive research to better understand these resources. Through partnership with the Eastern Band of Cherokee Indians, Western Carolina University, the Cherokee Preservation Foundation, the NC Trail of Tears Association, and others work continues to identify culturally-significant unprotected sites and ensure they are conserved.
As filed on the 2022 return.
Listed in Part VII
-
Jordan Smith
Executive Director
- Total calculated
- $96,915
- From this org
- $84,367
- From related orgs
- $0
- Other
- $12,548
- Hours/week
- 40
-
Jason Love
Chair
- Total calculated
- $0
- Hours/week
- 3
-
David Adams
Vice Chair
- Total calculated
- $0
- Hours/week
- 3
-
James Stork
Secretary
- Total calculated
- $0
- Hours/week
- 2
-
Jim Garner
Treasurer
- Total calculated
- $0
- Hours/week
- 2
-
Chris Brouwer
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Fred Crawford
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Connie Haire
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Bill Gibson
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Ed Haight
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Hope Huskey
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Terrie Kelly
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Lisa Leatherman
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Ben Steere
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
John Strawn
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Rita Salain
Board Member
- Total calculated
- $0
- Hours/week
- 2
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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 13 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202323179349309127
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