Skip to content
Nonprofiteer
← FRESHWATER LAND TRUST

Form 990 for tax year 2023

Filed by FRESHWATER LAND TRUST.

Totals

Total revenue
$2,293,081
Total expenses
$1,642,072
Contributions and grants received
$2,206,340
Grants paid
$0
Program service revenue
$44,371
Investment income
$42,370
Other revenue
$0
Total assets, end of year
$43,071,835
Total liabilities, end of year
$130,939
Net assets or fund balances, end of year
$42,940,896
Program services expenses (Part IX)
$1,010,270
Management and general expenses
$366,822
Fundraising expenses
$264,980
Program service expenses (Part III)
$1,010,270

Program services were 61.5% 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)

    $875,023

  • 1f · All other contributions, gifts and grants

    $1,331,317

  • 1g · Noncash contributions included above

    $2

  • 2a · Program service revenue: LEASING INCOME

    total $42,986 · related or exempt $42,986

  • 2b · Program service revenue: SPECIAL EVENTS INCOME

    total $1,385 · related or exempt $1,385

  • 3 · Investment income

    total $25,921 · excluded $25,921

  • 7a · Gross sales of assets other than inventory

    other assets $29,159

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

    other assets $12,710

  • 7c · Gain or loss

    other assets $16,449

  • 7d · Net gain or loss

    total $16,449 · excluded $16,449

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $155,000 · program services $78,852 · management and general $42,880 · fundraising $33,268

  • 7 · Other salaries and wages

    total $453,720 · program services $230,819 · management and general $125,517 · fundraising $97,384

  • 9 · Other employee benefits

    total $93,717 · program services $47,676 · management and general $25,926 · fundraising $20,115

  • 10 · Payroll taxes

    total $46,548 · program services $23,680 · management and general $12,877 · fundraising $9,991

  • 11g · Fees: other

    total $344,757 · program services $260,353 · management and general $84,404

  • 12 · Advertising and promotion

    total $684 · fundraising $684

  • 13 · Office expenses

    total $9,990 · program services $7,992 · management and general $999 · fundraising $999

  • 16 · Occupancy

    total $38,878 · program services $31,102 · management and general $3,888 · fundraising $3,888

  • 17 · Travel

    total $14,638 · program services $7,319 · management and general $4,391 · fundraising $2,928

  • 22 · Depreciation, depletion and amortization

    total $4,515 · management and general $4,515

  • 23 · Insurance

    total $36,924 · program services $25,847 · management and general $11,077

  • 24a · Other expenses: STEWARDSHIP AND LAND EX

    total $292,039 · program services $292,039

  • 24b · Other expenses: MEDIA RELATIONS

    total $68,277 · fundraising $68,277

  • 24c · Other expenses: PROMOTIONAL EXPENSES

    total $22,474 · fundraising $22,474

  • 24d · Other expenses: DUES AND SUBSCRIPTIONS

    total $15,531 · management and general $15,531

  • 24e · All other expenses

    total $44,380 · program services $4,591 · management and general $34,817 · fundraising $4,972

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $246,170 · end of year $1,745,502

  • 2 · Savings and temporary cash investments

    beginning of year $1,947,986 · end of year $1,340,065

  • 3 · Pledges and grants receivable

    beginning of year $220,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $13,116 · end of year $10,945

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

    $107,507

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

    $96,721

  • 10c · Land, buildings and equipment, net

    beginning of year $13,168 · end of year $10,786

  • 13 · Investments: program-related

    beginning of year $39,821,113 · end of year $39,881,078

  • 15 · Other assets

    beginning of year $121,532 · end of year $83,459

  • 17 · Accounts payable and accrued expenses

    beginning of year $179,223 · end of year $47,480

  • 19 · Deferred revenue

    beginning of year $18,750

  • 25 · Other liabilities

    beginning of year $121,532 · end of year $83,459

  • 27 · Net assets without donor restrictions

    beginning of year $34,152,098 · end of year $35,020,706

  • 28 · Net assets with donor restrictions

    beginning of year $7,911,482 · end of year $7,920,190

Mission and programs · 2023

Mission

THE ACQUISITION AND STEWARDSHIP OF LANDS THAT ENHANCE WATER QUALITY AND PRESERVE OPEN SPACE.

  • FEES AND EXPENSES RELATED TO THE PROTECTION OF WATERSHEDS WITHIN JEFFERSON COUNTY, ALABAMA

    Expenses $1,010,270 · Revenue $2,293,081

As filed on the 2023 return.

Listed in Part VII

  • Andrew Nix

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Barrie Stokes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dr Ken Marion

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dr Richard Embrey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Elizabeth Libet Anderson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Hampton McFadden Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jeanne Jackson

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Jim Proctor

    CHAIRMAN EMERITUS

    Total calculated
    $0
    Hours/week
    1

  • Joel McMahon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Julie Price

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kevin Bense

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Nelson Bean

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Randy Jordan

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Rusha Smith

    EXECUTIVE DIRECTOR

    Total calculated
    $155,000
    From this org
    $155,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $155,000
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $155,000

  • Sid Trant

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Susan Comensky

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Terri Sharpley Reynolds

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Thomas W Thagard III

    IMMEDIATE PAST CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Tom Carruthers III

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Josh Bennett

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Randretta Rincher

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Reggie Torbor

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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

  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 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

The filer's explanations (Part III)

PART I, LINE 1A
ORGANIZATION PAYS THE DUES FOR THE ROTARY CLUB OF BIRMINGHAM.
PART I, LINE 3
COMPENSATION IS APPROVED BY THE EXECUTIVE COMMITTEE AND THE BOARD.

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202433209349324813

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.