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Nonprofiteer
← ATHENS LAND TRUST INC

Form 990 for tax year 2023

Filed by ATHENS LAND TRUST INC.

Totals

Total revenue
$2,960,012
Total expenses
$2,516,954
Contributions and grants received
$2,169,883
Grants paid
$0
Program service revenue
$648,796
Investment income
$141,333
Other revenue
$0
Total assets, end of year
$9,551,707
Total liabilities, end of year
$1,486,672
Net assets or fund balances, end of year
$8,065,035
Program services expenses (Part IX)
$2,301,967
Management and general expenses
$201,958
Fundraising expenses
$13,029
Program service expenses (Part III)
$2,301,967

Program services were 91.5% 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)

    $1,416,841

  • 1f · All other contributions, gifts and grants

    $753,042

  • 2a · Program service revenue: HOME SALE

    total $344,500 · related or exempt $344,500

  • 2b · Program service revenue: OTHER

    total $233,678 · related or exempt $233,678

  • 2c · Program service revenue: RENTAL

    total $65,369 · related or exempt $65,369

  • 2d · Program service revenue: ALT FARMS

    total $5,249 · related or exempt $5,249

  • 3 · Investment income

    total $141,333 · related or exempt $141,333

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $1,108,224 · program services $986,320 · management and general $110,822 · fundraising $11,082

  • 9 · Other employee benefits

    total $134,992 · program services $116,093 · management and general $18,899

  • 10 · Payroll taxes

    total $88,207 · program services $78,504 · management and general $8,821 · fundraising $882

  • 11f · Fees: investment management

    total $5,825 · program services $4,835 · management and general $990

  • 11g · Fees: other

    total $32,332 · program services $7,113 · management and general $25,219

  • 13 · Office expenses

    total $29,604 · program services $5,884 · management and general $22,655 · fundraising $1,065

  • 17 · Travel

    total $22,191 · program services $21,747 · management and general $444

  • 20 · Interest

    total $27,795 · program services $26,127 · management and general $1,668

  • 22 · Depreciation, depletion and amortization

    total $14,084 · program services $12,394 · management and general $1,690

  • 23 · Insurance

    total $69,136 · program services $65,679 · management and general $3,457

  • 24a · Other expenses: COST OF HOMES SOLD

    total $481,569 · program services $481,569

  • 24b · Other expenses: DIRECT PROGRAM COSTS

    total $256,656 · program services $256,656

  • 24c · Other expenses: REPAIRS AND MAINTENANCE

    total $117,436 · program services $117,436

  • 24d · Other expenses: UTILITIES

    total $59,486 · program services $55,917 · management and general $3,569

  • 24e · All other expenses

    total $69,417 · program services $65,693 · management and general $3,724

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $370,811 · end of year $144,909

  • 2 · Savings and temporary cash investments

    beginning of year $1,513,551 · end of year $880,510

  • 3 · Pledges and grants receivable

    beginning of year $630,949 · end of year $1,204,175

  • 4 · Accounts receivable

    beginning of year $28,857 · end of year $35,020

  • 7 · Other notes and loans receivable

    beginning of year $582,056 · end of year $587,056

  • 9 · Prepaid expenses and deferred charges

    beginning of year $11,464 · end of year $1,782

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

    $917,108

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

    $146,145

  • 10c · Land, buildings and equipment, net

    beginning of year $781,047 · end of year $770,963

  • 11 · Investments: publicly traded securities

    beginning of year $1,202,280 · end of year $1,302,881

  • 15 · Other assets

    beginning of year $4,027,624 · end of year $4,624,411

  • 17 · Accounts payable and accrued expenses

    beginning of year $97,325 · end of year $58,090

  • 21 · Escrow or custodial account liability

    beginning of year $45,127 · end of year $42,040

  • 22 · Loans and payables to officers and key people

    beginning of year $36,632 · end of year $30,890

  • 23 · Secured mortgages and notes payable

    beginning of year $765,522 · end of year $768,596

  • 25 · Other liabilities

    beginning of year $582,056 · end of year $587,056

  • 27 · Net assets without donor restrictions

    beginning of year $898,693 · end of year $753,986

  • 28 · Net assets with donor restrictions

    beginning of year $6,723,284 · end of year $7,311,049

Mission and programs · 2023

Mission

THE ATHENS LAND TRUST (ALT) IS BOTH A CONSERVATION AND COMMUNITY LAND TRUST, PROTECTING AND STEWARDING LAND FOR ENVIRONMENTAL, ECONOMIC, AND AFFORDABLE HOUSING PURPOSES. ALT PROVIDES EDUCATION OPPORTUNITIES FOR FIRST-TIME HOMEBUYERS, YOUTH THROUGH PAID JOB TRAINING OPPORTUNITIES, AND NEIGHBORHOOD RESIDENTS THROUGH ADVISORY BOARD TRAININGS. ALT SUPPORTS NEW AND BEGINNING FARMERS THROUGH INCUBATION, WORKSHOPS, CLASSES, AND ACCESS TO FARMLAND.

  • AFFORDABLE HOUSING PROGRAM: ATHENS LAND TRUST PROVIDES QUALITY, AFFORDABLE HOUSING TO LOW-TO-MODERATE INCOME RESIDENTS OF ATHENS-CLARKE COUNTY, GEORGIA BY CONSTRUCTION OF NEW HOMES AND RENOVATION OF EXISTING HOMES. THE PROGRAM PRODUCES ENERGY EFFICIENT HOMES THAT REMAIN AFFORDABLE BY THE USE OF GROUND LEASES AGREEMENTS AND THE COMMUNITY LAND TRUST MODEL. ALT ALSO OFFERS THE YOUNG URBAN BUILDERS (YUB) PROGRAM WHICH PROVIDES JOB SKILLS TRAINING AND EDUCATION CENTERED AROUND RESIDENTIAL CONSTRUCTION AND RENOVATION TO YOUTH IN ATHENS-CLARKE COUNTY. ADDITIONALLY, ATHENS LAND TRUST IS A HUD APPROVED HOUSING COUNSELING AGENCY AND PROVIDES BOTH INDIVIDUAL AND GROUP EDUCATION SERVICES TO CLARKE, OCONEE, BARROW, JACKSON, ELBERT, MADISON, OGLETHORPE, WALTON AND FRANKLIN COUNTIES.

    Expenses $1,010,218

  • OTHER COMMUNITY AND CONSERVATION PROGRAM: THIS PROGRAM STRIVES TO SUPPORT HEALTHY, VIBRANT COMMUNITIES BY PROTECTING FARMLAND AND OTHER NATURAL RESOURCES, DEVELOPING A SUSTAINABLE LOCAL FOOD SYSTEM, STRENGTHENING THE LOCAL ECONOMY AT THE NEIGHBORHOOD LEVEL, AND BUILDING KNOWLEDGE OF LOCAL FOOD ISSUES AND THE BENEFITS OF EATING FRESH, LOCAL PRODUCE. ALT ALSO OFFERS THE YOUNG URBAN FARMERS (YUF) PROGRAM AND YOUNG CONSERVATION STEWARDS (YCS) PROGRAM THAT PROVIDE JOB SKILLS TRAINING AND EDUCATION CENTERED AROUND SUSTAINABLE AGRICULTURE, ENTREPRENEURSHIP AND CONSERVATION PRACTICES TO YOUTH IN ATHENS-CLARKE COUNTY. CONSERVATION EASEMENTS - ATHENS LAND TRUST PERMANENTLY PROTECTS GREENSPACE BY ACCEPTING, MONITORING, AND ENFORCING PERMANENT CONSERVATION EASEMENTS THAT PROTECT THE LAND'S CONSERVATION VALUES.

    Expenses $1,291,749

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

Listed in Part VII

  • ENRIQUE ANDERSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • CHARLEY HILL

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • LARA MATHES

    PRESIDENT

    Total calculated
    $0
    Hours/week
    3

  • NANCY STANGLE

    TREASURER

    Total calculated
    $0
    Hours/week
    3

  • HEATHER BENHAM

    EXECUTIVE D

    Total calculated
    $102,856
    From this org
    $102,856
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • SARAH YATES SUTHERLAND

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • JEFF BISHOP

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • ANTHONY GRAJIRENA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • SHAKEETA DANIEL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • DURELL SMITH

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • JIM DAVIS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • ADRIENNE CHAPPELL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • WILLIE THOMAS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • VANNA CURE

    BOARD VICE P

    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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2023
Filed
6 November 2024
IRS schema version
2023v5.0
Source object
202433209349307118

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