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Nonprofiteer
← TAR RIVER LAND CONSERVANCY

Form 990 for tax year 2023

Filed by TAR RIVER LAND CONSERVANCY.

Totals

Total revenue
$1,217,967
Total expenses
$1,412,022
Contributions and grants received
$719,938
Grants paid
$0
Program service revenue
$60,073
Investment income
$378,447
Other revenue
$59,509
Total assets, end of year
$26,159,438
Total liabilities, end of year
$55,509
Net assets or fund balances, end of year
$26,103,929
Program services expenses (Part IX)
$1,300,720
Management and general expenses
$103,880
Fundraising expenses
$7,422
Program service expenses (Part III)
$1,300,720

Program services were 92.1% 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)

    $529,961

  • 1f · All other contributions, gifts and grants

    $189,977

  • 1g · Noncash contributions included above

    $124,000

  • 2a · Program service revenue: EEP MONITORING

    total $24,525 · related or exempt $24,525

  • 2b · Program service revenue: CWMTF MONITORING

    total $18,187 · related or exempt $18,187

  • 2c · Program service revenue: RENTAL HOUSE

    total $17,361 · related or exempt $17,361

  • 3 · Investment income

    total $361,429 · related or exempt $361,429

  • 7a · Gross sales of assets other than inventory

    other assets $17,018

  • 7c · Gain or loss

    other assets $17,018

  • 7d · Net gain or loss

    total $17,018 · related or exempt $17,018

  • 11a · Other revenue: HUNTING AND FARM LEASE INCOME

    total $37,649 · related or exempt $37,649

  • 11b · Other revenue: OTHER

    total $21,860 · related or exempt $21,860

  • 11e · Other revenue, total

    $59,509

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $131,600 · program services $106,912 · management and general $22,517 · fundraising $2,171

  • 7 · Other salaries and wages

    total $225,069 · program services $175,840 · management and general $46,202 · fundraising $3,027

  • 9 · Other employee benefits

    total $25,625 · program services $17,894 · management and general $7,474 · fundraising $257

  • 10 · Payroll taxes

    total $27,560 · program services $21,145 · management and general $6,058 · fundraising $357

  • 13 · Office expenses

    total $3,604 · program services $2,630 · management and general $902 · fundraising $72

  • 17 · Travel

    total $19,275 · program services $18,656 · management and general $578 · fundraising $41

  • 22 · Depreciation, depletion and amortization

    total $19,331 · program services $15,852 · management and general $3,286 · fundraising $193

  • 23 · Insurance

    total $20,648 · program services $18,757 · management and general $1,780 · fundraising $111

  • 24a · Other expenses: LAND STEWARD-CLEAN UP

    total $542,371 · program services $542,371

  • 24b · Other expenses: PMTS TO PROP OWNERS

    total $242,791 · program services $242,791

  • 24c · Other expenses: INVESTMENT MANAGEMENT FEE

    total $44,580 · program services $40,854 · management and general $3,506 · fundraising $220

  • 24d · Other expenses: SURVEYS

    total $28,062 · program services $28,062

  • 24e · All other expenses

    total $81,506 · program services $68,956 · management and general $11,577 · fundraising $973

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $225,830 · end of year $214,742

  • 2 · Savings and temporary cash investments

    beginning of year $573,103 · end of year $297,901

  • 3 · Pledges and grants receivable

    beginning of year $51,263 · end of year $60,319

  • 9 · Prepaid expenses and deferred charges

    beginning of year $9,933 · end of year $8,140

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

    $17,853,421

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

    $86,899

  • 10c · Land, buildings and equipment, net

    beginning of year $15,572,705 · end of year $17,766,522

  • 11 · Investments: publicly traded securities

    beginning of year $8,911,026 · end of year $7,777,151

  • 15 · Other assets

    beginning of year $4,544 · end of year $34,663

  • 17 · Accounts payable and accrued expenses

    beginning of year $8,616 · end of year $12,105

  • 25 · Other liabilities

    beginning of year $14,104 · end of year $43,404

  • 27 · Net assets without donor restrictions

    beginning of year $19,088,561 · end of year $21,648,863

  • 28 · Net assets with donor restrictions

    beginning of year $6,237,123 · end of year $4,455,066

Mission and programs · 2023

Mission

TAR RIVER LAND CONSERVANCY PRESERVES THE NATURAL AND CULTURAL RESOURCES OF THE TAR RIVER BASIN AND SURROUNDING AREAS BY WORKING IN PARTNERSHIP WITH PRIVATE LANDOWNERS, PUBLIC AGENCIES AND OTHERS TO PROTECT RURAL LAND, RIPARIAN CORRIDORS AND ENSURE CLEAN WATER.

  • PURCHASED FEE SIMPLE TITLE TO 30.737 ACRES IN GRANVILLE COUNTY, WHICH LAND PROVIDES BUFFERS TO HATCHERS RUN.

  • PURCHASED A CONSERVATION EASEMENT ON 61.43 ACRES IN HALIFAX COUNTY, WHICH LAND PROVIDES BUFFERS TO FISHING CREEK.

  • PURCHASED A CONSERVATION EASEMENT ON 33.8 ACRES IN NASH COUNTY, WHICH LAND PROVIDES BUFFERS TO FISHING CREEK.

  • TAR RIVER LAND CONSERVANCY ACHIEVED ITS LAND PROTECTION MISSION THROUGH THE FOLLOWING ACTIONS: 4) PURCHASED FEE SIMPLE TITLE TO 57.501 ACRES IN GRANVILLE COUNTY, WHICH LAND PROVIDES BUFFERS TO KNAP OF REEDS CREEK. 5) PURCHASED FEE SIMPLE TITLE TO 246.66 ACRES IN NASH COUNTY, WHICH LAND PROVIDES BUFFERS TO FISHING CREEK. 6) ACQUIRED FEE SIMPLE TITLE TO 20.11 ACRES, WHICH LAND PROVIDES BUFFERS TO UNNAMED TRIBUTARIES IN THE UPPER NEUSE RIVER BASIN AND ADJOINS A LARGER TRACT OF TRLC PROTECTED LAND. 7) RECEIVED A DONATION OF A CONSERVATION EASEMENT TO 42.59 ACRES, WHICH LAND PROVIDES BUFFERS TO SWIFT CREEK. THIS CONSERVATION EASEMENT IS TIED TO A MITIGATION PROJECT. 8) PURCHASED FEE SIMPLE TITLE TO 50.07 ACRES, WHICH LAND PROVIDES BUFFERS TO FISHING CREEK. 9) AWARDED ACCREDITATION RENEWAL BY THE LAND TRUST ACCREDITATION COMMISSION. RENEWAL OF ACCREDITATION REQUIRES THAT A LAND TRUST DEMONSTRATE FINANCIAL ACCOUNTABILITY, STRONG ORGANIZATIONAL LEADERSHIP, SOUND TRANSACTIONS AND LASTING STEWARDSHIP OF THE LANDS THEY CONSERVE. 10) SPENT SIGNIFICANT TIME AND RESOURCES ON LAND PROTECTION PROJECTS LOCATED IN GRANVILLE COUNTY, WHICH LANDS WILL PROVIDE A BUFFER FOR CAMP BUTNER AND LOCAL RESOURCES. 11) SPENT SIGNIFICANT TIME AND RESOURCES ON LAND PROTECTION PROJECTS LOCATED IN PERSON COUNTY, WHICH LANDS WILL PROVIDE A BUFFER FOR FLAT RIVER AND LOCAL RESOURCES. 12) SPENT SIGNIFICANT TIME AND RESOURCES ON LAND PROTECTION PROJECTS AND OUTREACH TO LANDOWNERS IN HALIFAX AND NASH COUNTIES, WHICH LANDS PROVIDE BUFFERS TO FISHING CREEK AND LITTLE FISHING CREEK. 13) MONITORED CONSERVATION EASEMENTS AND FEE PROPERTIES HELD BY TRLC. 14) MONITORED 75 CONSERVATION EASEMENTS HELD BY THE STATE OF NORTH CAROLINA. 15) WORKED TO IMPROVE THE WATER QUALITY FOR FISHING CREEK BY PLANTING OVER 30,000 TREES, REMOVING OLD BUILDINGS, AND DECOMMISSIONING AN ANIMAL WASTE LAGOON ON A FARM FORMERLY USED FOR HOG PRODUCTION IN HALIFAX COUNTY THAT WAS PURCHASED BY TRLC LAST YEAR. THE CLEAN-UP AND TRANSFORMATION OF THIS PROPERTY IS A MULTI-YEAR PROJECT. 16) CONTINUED TO IMPROVE PUBLIC ACCESS TO NATURE TRAILS IN GRANVILLE COUNTY BY ADDING TWO NEW TRAIL LOOPS TO AN EXISTING PRESERVE, BY MAINTAINING EXISTING TRAILS THROUGH THE WORK OF A CREW OF DEDICATED LOCAL VOLUNTEERS AND OTHER GROUPS, AND BY WORKING TO COMPLETE AN ADDITIONAL NETWORK OF TRAILS THAT SHOULD BE OPENED TO THE PUBLIC DURING THE NEXT FISCAL YEAR.

    Expenses $1,300,720 · Revenue $60,073

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Layman Enterprise LLC

    INDEPENDENT

    Total calculated
    $517,900
    From this org
    $517,900
    From related orgs
    $0
    Other
    $0

    Schedule J breakdown matched by us

    Base
    not reported
    Bonus
    not reported
    Other
    $517,900
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $517,900

  • Derek Halberg

    EXECUTIVE DI

    Total calculated
    $135,539
    From this org
    $131,600
    From related orgs
    $0
    Other
    $3,939
    Hours/week
    40

  • Angela Parker Allen

    DIRECTOR

    Total calculated
    $0

  • Ernie Averett

    DIRECTOR

    Total calculated
    $0

  • Tim Bevacqua

    DIRECTOR

    Total calculated
    $0

  • Tyler Ray Black

    DIRECTOR

    Total calculated
    $0

  • Alvin Braswell

    VICE-PRESIDE

    Total calculated
    $0

  • David Cobb

    DIRECTOR

    Total calculated
    $0

  • Robert Covington

    PRESIDENT

    Total calculated
    $0

  • Gary A Harris

    DIRECTOR

    Total calculated
    $0

  • Nola Reed Knouse

    DIRECTOR

    Total calculated
    $0

  • Boyd Sturges

    SECRETARY/TR

    Total calculated
    $0

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

None.

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
14 May 2025
IRS schema version
2023v6.0
Source object
202531359349302903

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